Small-MidCap Growth Fund
Principal Funds, Inc
Expense ratio
Net assets1
$8.23M
Holdings1
76
Category
US Equity
Return

Investment objective & strategy

As of Dec. 21, 2022 · prospectus

Objective. The Fund seeks long-term growth of capital.

Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies with small-to-medium market capitalizations at the time of purchase. For this Fund, companies with small-to-medium market capitalizations are those with market capitalizations within the range of companies in the Russell 2500 Growth Index (as of November 30, 2022, this was between approximately $6 million and $21.5 billion). The Fund invests in growth equity securities, which emphasizes buying equity securities of companies whose potential for growth of capital and earnings is expected to be above average. To identify such companies, those managing the Funds investments use leading indicators of company-specific business trends (which can include various leading … Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies with small-to-medium market capitalizations at the time of purchase. For this Fund, companies with small-to-medium market capitalizations are those with market capitalizations within the range of companies in the Russell 2500 Growth Index (as of November 30, 2022, this was between approximately $6 million and $21.5 billion). The Fund invests in growth equity securities, which emphasizes buying equity securities of companies whose potential for growth of capital and earnings is expected to be above average. To identify such companies, those managing the Funds investments use leading indicators of company-specific business trends (which can include various leading economic indicators, such as unemployment claims and energy prices) to determine a companys potential for growth and earnings to exceed analysts current estimates. The Funds strategies may result in the active and frequent trading of the Funds portfolio securities.

Top holdings

As of May 31, 2023 · N-PORT
SecurityTickerValue% of fund
Principal Government Money Market Fund - Class R-6 $395.85K 4.81%
EXACT SCIENCES CORP $292.79K 3.56%
QUANTA SVCS INC $281.29K 3.42%
INSPIRE MEDICAL SYSTEMS INC $255.93K 3.11%
DOUBLEVERIFY HOLDINGS INC $228.22K 2.77%
HUBSPOT INC $227.92K 2.77%
MATADOR RESOURCES COMPANY $197.07K 2.39%
CELSIUS HOLDINGS INC $196.33K 2.38%
MANHATTAN ASSOCIATES INC $192.12K 2.33%
HOWMET AEROSPACE INC $160.57K 1.95%
View all holdings →

Allocation by sector

As of May 31, 2023 · N-PORT
View portfolio breakdown →

Portfolio moves

Feb 28, 2023 → May 31, 2023
Opened
30
Exited
29
Increased
23
Decreased
16
Unchanged
7

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

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Footnotes

  1. Net assets and holdings count as of May 31, 2023, from the fund's N-PORT filing.

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