PPQPX

About PPQPX

Principal MidCap Growth Fund III R-5 Class is a mutual fund designed to pursue long-term capital growth by investing primarily in U.S. companies classified as mid-capitalization. The fund allocates at least 80% of its net assets to equities of companies typically valued between $1 billion and $10 billion, focusing on those with above-average growth prospects in earnings and capital appreciation. It seeks to identify businesses poised for high growth rates in metrics such as earnings, sales, book value, and cash flow, often leading to higher price valuations compared to other mid-cap stocks. The fund is actively managed by a team of experienced portfolio managers and aims to maintain sector concentrations that are reasonably aligned with those of its benchmark, the Russell MidCap Growth Index. Its portfolio typically includes a diverse mix of innovative and rapidly expanding firms across technology, healthcare, consumer discretionary, and other key industries. Principal MidCap Growth Fund III R-5 Class plays a significant role in providing investors with access to the potential growth and diversification benefits of mid-sized U.S. companies, a segment often viewed as a balance between the stability of large caps and the rapid expansion potential of small caps.