Principal LargeCap Growth I Institutional (PLGIX) a Zacks Rank #1 (Strong Buy) was incepted in November 2000. PLGIX seeks capital appreciation over the long run. PLGIX invests lion’s share of its assets in equity securities of large-cap companies. PLGIX focuses on acquiring securities of companies that are expected to have above-average capital and earnings growth.
This Mid Growth fund, as of the last filing, allocates their fund in three major groups; Large Growth, High Yield Bond and Small Growth. Further, as of the last filing, Alphabet (NASDAQ:GOOGL) Inc, Amazon.com Inc (NASDAQ:AMZN) and Facebook Inc (NASDAQ:FB) were the top holdings for PLGIX.
Principal LargeCap Growth I Institutional, managed by Principal Financial, carries an expense ratio of 0.61%. Moreover, PLGIX requires a minimal initial investment of $0.
PLGIX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 12.39% and 5 year 10.65%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
PLGIX’s performance, as of the last filing, when compared to funds in its category was in the top 16% in 1 year, top 7% over the past 3 years, and in the 12% over the past 5 years.
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