About PPUPX
The Principal LargeCap Growth Fund I R-5 Class is a mutual fund that primarily targets long-term capital growth by investing in equity securities of large-cap companies with strong growth potential. Its investment strategy mandates allocating at least 80% of net assets to growth-oriented equities, mainly within the U.S., with some exposure to mid-cap companies. The fund is heavily weighted towards the information technology sector, alongside significant positions in consumer cyclical, financial services, and communication services industries. Noteworthy holdings include leading firms such as Microsoft, NVIDIA, Amazon, Apple, and Meta Platforms, reflecting its focus on companies driving innovation and digital transformation. With a substantial asset base nearing $9 billion, the fund is designed for retirement-focused investors and offers annual dividend distributions. Managed by a team with deep industry experience, the fund is benchmarked against the Russell 1000 Growth Index, situating it within the competitive large growth category. Its non-diversified profile and active management make it a prominent vehicle for accessing leading names in the U.S. large-cap growth space.
Fund Family Principal Funds
Category Large-Cap Growth
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PPUPX
Share Class R-5
Index Russell 1000 Growth TR
PPUPX had a total return of 5.32% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.79%.
