Principal MidCap Value Fund I Institutional Class (PVMIX)
| Fund Assets | 2.30B |
| Expense Ratio | 0.69% |
| Min. Investment | $0.00 |
| Turnover | 55.30% |
| Dividend (ttm) | 2.76 |
| Dividend Yield | 17.44% |
| Dividend Growth | 265.10% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 20, 2024 |
| Previous Close | 15.90 |
| YTD Return | 2.32% |
| 1-Year Return | 21.11% |
| 5-Year Return | 107.23% |
| 52-Week Low | 13.49 |
| 52-Week High | 19.69 |
| Beta (5Y) | n/a |
| Holdings | 739 |
| Inception Date | Dec 29, 2003 |
About PVMIX
Principal MidCap Value Fund I Institutional Class is an open-end mutual fund focused on investing in U.S.-listed mid-cap companies that exhibit value characteristics. The fund primarily seeks long-term capital growth by allocating at least 80% of its net assets to equity securities of medium-sized firms considered undervalued relative to their intrinsic worth or the broader market. It employs a value-oriented strategy, targeting companies with lower price ratios, higher dividend yields, and slower but stable growth rates. The portfolio is well-diversified across sectors, with a tilt toward stocks identified as trading below their estimated fair value based on fundamental analysis. Managed by experienced professionals, the fund aims to provide investors with exposure to mid-cap value opportunities, benchmarking its performance against the Russell MidCap Value Index. With annual dividends, a moderate turnover rate, and competitive expense structure, this fund plays a significant role for institutional investors seeking to diversify into the mid-cap value segment of the U.S. equity market, balancing growth prospects with valuation discipline.
Performance
PVMIX had a total return of 21.11% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.13%.
Top 10 Holdings
16.46% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal Government Money Market R-6 | PGWXX | 3.72% |
| US Foods Holding Corp. | USFD | 1.67% |
| Alliant Energy Corporation | LNT | 1.64% |
| Maplebear Inc. | CART | 1.58% |
| Quest Diagnostics Incorporated | DGX | 1.35% |
| Crown Holdings, Inc. | CCK | 1.34% |
| American Water Works Company, Inc. | AWK | 1.32% |
| Fidelity National Financial, Inc. | FNF | 1.29% |
| Performance Food Group Company | PFGC | 1.28% |
| Willis Towers Watson Public Limited Company | WTW | 1.27% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 20, 2024 | $0.2444 | Dec 20, 2024 |
| Dec 19, 2024 | $2.5165 | Dec 19, 2024 |
| Dec 21, 2023 | $0.2175 | Dec 21, 2023 |
| Dec 20, 2023 | $0.5387 | Dec 20, 2023 |
| Dec 21, 2022 | $0.2218 | Dec 21, 2022 |
| Dec 20, 2022 | $0.8753 | Dec 20, 2022 |