Morningstar

Principal MidCap Fund Institutional Class PCBIX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 39.75  /  +0.86 %
  • Total Assets 21.4B
  • Adj. Expense Ratio
    0.670%
  • Expense Ratio 0.680%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Mid-Cap Growth
  • Investment Style Mid Growth
  • Min. Initial Investment 0
  • Status Limited
  • TTM Yield 0.00
  • Turnover 14%

USD | NAV as of Sep 12, 2026 | 1-Day Return as of Sep 12, 2026, 1:29 AM GMT+0

Morningstar’s Analysis PCBIX

Will PCBIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PCBIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PCBIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PCBIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Doing it their way—and doing it well.

Associate Director Tony Thomas

Tony Thomas

Associate Director

Summary

Principal MidCap is worthy of investors’ confidence. The strategy is closed to new investors, but those who are in it (whether in the mutual fund or in separate accounts) have a good reason to stick around. That said, changes to the assessment of excess return opportunities for funds mean more of this strategy's Morningstar Medalist Ratings than usual have changed with this update, even without substantial changes to pillar ratings or fund costs.

by Tony Thomas
Rated on Published on

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Portfolio Holdings PCBIX

More PCBIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 45.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Heico Corp Class A

5.28 1B
Industrials

Brookfield Corp Registered Shs -A- Limited Vtg

5.16 1B
Financial Services

TransDigm Group Inc

5.13 1B
Industrials

Live Nation Entertainment Inc

4.92 1B
Communication Services

KKR & Co Inc Ordinary Shares

4.74 1B
Financial Services

CBRE Group Inc Class A

4.56 1B
Real Estate

Vulcan Materials Co

4.37 1B
Basic Materials

Hilton Worldwide Holdings Inc

3.86 892M
Consumer Cyclical

Martin Marietta Materials Inc

3.57 824M
Basic Materials

O'Reilly Automotive Inc

3.36 777M
Consumer Cyclical

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