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4 Top-Ranked Principal Financial Mutual Funds to Consider

Zacks Equity Research
Updated

Principal Financial Group manages assets worth over $591.6 billion (as of December 31, 2016) based on assets raised in the country or region. This renowned publicly owned global investment management firm aims to meet requirements of both individual and institutional investors with their asset management services, insurance and retirement solutions. The company offers investment management strategies and services in 18 countries. It invests in equities, multi-assets, fixed income real estates and alternative markets. Principal Financial Group was founded in 1879 and is headquartered in Des Moines, Iowa.

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

Principal High Yield A CPHYX seeks to offer growth of income. CPHYX invests a bulk of its assets in below investment rate bonds or high yield bonds future rated Ba1 or lower by Moody's and BB+ or lower by S&P Global. Principal High Yield A returned 14.2% over the last one-year period.

CPHYX has an expense ratio of 0.90% compared with the category average of 1.08%.

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Principal Equity Income PPEQPX invests a major portion of its assets in dividend-paying equity securities of large and medium cap companies. PEQPX seeks appreciation of income and capital over the long run. Principal Equity Income P returned 14.8% over the last one-year period.

Nedret Vidinli is one of the fund managers of PEQPX since 2017.

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 returned 9.2% over the last one-year period.

PVLJX has an expense ratio of 0.73% compared with the category average of 0.74%.

Principal MidCap S&P 400 Index J PMFJX invests the lion’s share of its assets in equities of mid-cap companies, which are included in the S&P MidCap 400 Index. In this index, the market-cap of companies ranges between $952.0 million and $10.5 billion. PMFJX seeks growth of capital in the long run. Principal MidCap S&P 400 Index J returned 16% over the last one-year period.

Thomas Kruchten is one of the fund managers of PMFJX since 2011.

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.

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