Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

3 Strong Buy Principal Financial Mutual Funds To Buy

Published 12/06/2016, 10:22 PM
Updated 07/09/2023, 06:31 AM

Founded in 1879, Principal Financial Group (NYSE:PFG) manages assets worth over $595.8 billion (as of September 30, 2016) based on assets raised in the country or region. It invests in equities, multi-assets, fixed income real estates and alternative markets. The main objective of the company is to meet the long-term interest of the investors

The fund family aims to support the requirements of both individual and institutional investors with their asset management services, insurance and retirement solutions. It offers investment management strategies and services in 18 countries. It invests in equities, multi-assets, fixed income real estates and alternative markets.

Below we share with you 3 top-rated Principal Financial mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and we expect the fund to outperform its peers in the future. Investors can click here to see the complete list of Principal Financial funds.

Principal SmallCap S&P 600 Index R5 PSSPX invests a bulk of its assets in securities of companies from the S&P SmallCap 600 Index. In this index, the market-cap of companies ranges between $58.0 million and $4.5 billion. PSSPX seeks capital growth for the long run. Principal SmallCap S&P 600 Index R5 returned 20% over the last one-year period.

PSSPXhas an expense ratio of 0.42% compared to the category average of 1.23%.

Principal Short-Term Income J PSJIX seeks growth of income and stability of principal. PSJIX invests mainly in fixed-income debt securities, including high quality short-term bonds, which are rated Baa3 or higher by Moody's or BBB- or higher by S&P's Rating Service. Principal Short-Term Income J returned 1.9% over the last one-year period.

As of October 2016, PSJIX held 422 issues, with 1.35% of its assets invested in FNMA 1.5%.

Principal LargeCap Value A PCACX invests majority of its assets in equity securities of large-cap companies from the Russell 1000 Value Index. According to the index, large-cap companies are those whose market-cap ranges between $383.0 million and $448.8 billion. PCACX seeks appreciation of capital for the long run. Principal LargeCap Value A returned 5.1% over the last one-year period.

Joel Fortney is the one of the fund managers and has managed PCACX since 2014.

To view the Zacks Rank and past performance of all Principal Financial mutual funds, investors can click here to see the complete list of Principal Financial funds.

Want key mutual fund info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>



Get Your Free (PSJIX): Fund Analysis Report

Get Your Free (PCACX): Fund Analysis Report

Get Your Free (PSSPX): Fund Analysis Report

Original post

Zacks Investment Research

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.