Principal Financial Group (NYSE:PFG) is a renowned publicly owned global investment management firm focused on offering financial tools, resources and information to investors. This Des Moines, IA based fund family aims to support the requirements of both individual and institutional investors with their asset management services, insurance and retirement solutions.
Principal Financial Group was founded in 1879 and manages assets worth over $655.5 billion (as of Sep 30, 2017) raised all over the globe. It offers investment management strategies and services in 18 countries. The company invests in equities, multi-assets, fixed income real estates and alternative markets.
Below we share with you three top-ranked Principal Financial mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Principal Financial funds.
Principal MidCap J PMBJX seeks growth of capital for the long run. PMBJX invests a major portion of its assets in securities of companies within the range of the Russell Midcap Index. The fund invests in both U.S. and non-U.S. companies. Principal MidCap J has one-year annualized returns of 25.3%.
K. William Nolin has been one of the fund managers of PMBJX since 2000.
Principal Short-Term Income A SRHQX seeks growth of income and effective investment management. SRHQX generally invests in fixed-income securities, which include high-quality short-term debt securities. These bonds are normally rated BBB- or higher. The fund is believed to maintain an effective duration of not more than five years. Principal Short-Term Income A has returned 1.5% over the last year.
As of Sep 30, 2017, SRHQX held 451 issues, with 1.75% of its assets invested in FNMA 1.875%.
Principal LargeCap Value J PVLJX seeks capital appreciation in the long run. PVLJX invests a minimum of 80% of its assets in equity securities of large-cap companies listed on the Russell 1000 Value Index. In this index, the market-cap of companies ranges between $394.9 million and $634.4 billion. Principal LargeCap Value J has returned 19.9% in a year’s time.
PVLJX has an expense ratio of 0.73% compared with the category average of 1.04%.
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 (SRHQX): Fund Analysis Report
Get Your Free (PMBJX): Fund Analysis Report
Get Your Free (PVLJX): Fund Analysis Report
Original post