Principal LargeCap Growth Fund I Class R-6 PLCGX

Morningstar Medalist Rating
  • NAV / 1-Day Return $16.56  /  −3.08 %
  • Fund Size $6.9B
  • Adjusted Expense Ratio 0.590%
  • Net Expense Ratio 0.590%
  • Fee Level: Distribution Average
  • Share Class Type Retirement, Large
  • Morningstar Category Large Growth
  • Equity Style Box (Funds) Large Growth
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 0.00%
  • Turnover Ratio 35%

Morningstar’s Analysis PLCGX

Will PLCGX outperform in the future?

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

T. Rowe Price is Sticking Around (Sort of) on Principal LargeCap Growth I; Ratings Unchanged

null Tony Thomas

Tony Thomas

Analyst Note

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.

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Portfolio Holdings PLCGX

  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 51.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NVIDIA Corp

13.60 969M
Technology

Microsoft Corp

6.96 496M
Technology

Alphabet Inc Class A

6.35 453M
Communication Services

Apple Inc

6.13 437M
Technology

Meta Platforms Inc Class A

3.61 257M
Communication Services

Broadcom Inc

3.54 252M
Technology

Alphabet Inc Class C

3.06 218M
Communication Services

Micron Technology Inc

3.00 214M
Technology

Eli Lilly and Co

2.78 198M
Healthcare

Advanced Micro Devices Inc

1.96 140M
Technology

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