Principal LargeCap Growth Fund I Class J PLGJX

Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 9.01  /  +0.45 %
  • Total Assets 7.1B
  • Adj. Expense Ratio
    0.780%
  • Expense Ratio 0.780%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Medium
  • Category Large Growth
  • Investment Style Large Growth
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 0.00
  • Turnover 35%

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PLGJX

Will PLGJX 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.

Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PLGJX

  • 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

Sponsor Center