Despite indicating that T. Rowe Price would be removed as a subadvisor of Principal LargeCap Growth I on June 30, 2026, Principal's supplemental filing just one week later, on July 7, noted that T. Rowe Price will remain on board to oversee "certain private investments." As of May 2026 (the last public portfolio as of this writing), private stakes held less than 0.5% of the fund's assets and included self-driving car company Waymo and payments firm Stripe. Such stocks aren't traded on a regular basis, and that might have made it hard for the Principal fund to exit its stakes before T. Rowe Price's removal. (That's one reason why Principal has asked new subadvisor Alger not to put private investments into this fund even though Alger typically has a few such positions in its related strategy.) So, T. Rowe Price will continue subadvising this fund, but only in a limited—and likely temporary—capacity until it wraps up those private investments. The fund's pillar ratings and Morningstar Medalist Ratings are unchanged.
Principal LargeCap Growth Fund I Class R-6 PLCGX
- NAV / 1-Day Return 16.94 / +0.41 %
- Total Assets 7.1B
-
Adj. Expense Ratio
0.590%
- Expense Ratio 0.590%
- Distribution Fee Level Average
- Share Class Type Retirement, Large
- Category Large Growth
- Investment Style Large Growth
- Min. Initial Investment 0
- Status Open
- TTM Yield 0.00
- Turnover 35%
USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 12:07 AM GMT+0
Morningstar’s Analysis PLCGX
Will PLCGX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 50.0
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
NVIDIA Corp | 13.17 | 907M | Technology |
Alphabet Inc Class A | 6.75 | 465M | Communication Services |
Microsoft Corp | 6.66 | 458M | Technology |
Apple Inc | 6.15 | 423M | Technology |
Broadcom Inc | 4.05 | 279M | Technology |
Alphabet Inc Class C | 3.12 | 215M | Communication Services |
Meta Platforms Inc Class A | 2.73 | 188M | Communication Services |
Micron Technology Inc | 2.70 | 186M | Technology |
Eli Lilly and Co | 2.62 | 180M | Healthcare |
Amazon.com Inc | 2.04 | 140M | Consumer Cyclical |