Principal Financial Group (NASDAQ:PFG) was founded in 1879 and manages assets worth over $668.6 billion (as of Dec 31, 2017) raised all over the globe. It offers investment management strategies and services in 19 different countries. The company invests in equities, multi-assets, fixed income real estates and alternative markets.
Principal Financial Group is a renowned publicly owned global investment management firm focused on offering financial tools, resources and information. 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.
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 Core Plus Bond R5 PBMPX seeks to offer a high level of income and capital. The fund invests a large chunk of its assets in debt securities, including bonds. PBMPX aims to maintain an average portfolio period, which ranges between 75% and 125% of the Bloomberg Barclays (LON:BARC) U.S. Aggregate Bond Index’s maturity duration. As of Dec 31, 2016 the average portfolio duration of the fund is 5.89 years. Principal Core Plus Bond R5 has returned 1.3% over the last one-year period.
As of February 2018, PBMPX held 1,798 issues with 2.18% of its assets invested in ICE CREDIT DEFAULT SWAP.
Principal LargeCap Value A PCACX invests a major part of its assets in equity securities of large-cap companies, which are included on the Russell 1000 Value Index. The fund seeks capital appreciation over the long run. PCACX focuses on investing in value equity securities. Principal LargeCap Value A has returned 11.4% over the last one-year period.
PCACX has an expense ratio of 0.87% compared with the category average of 1.03%.
Principal MidCap Value III J PMCJX seeks capital growth for the long run. PMCJX invests a bulk of its assets in equity securities of mid-cap companies. The fund generally invests in value equity securities and real estate investment trusts. Principal MidCap Value III J has returned 7.3% over the last one-year period.
James W. Fennessey is one of the fund managers of PMCJX since 2010.
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 (PCACX): Fund Analysis Report
Get Your Free (PMCJX): Fund Analysis Report
Get Your Free (PBMPX): Fund Analysis Report
Original post
Zacks Investment Research