Morningstar

Principal LargeCap Growth Fund I R-5 Class PPUPX

Medalist Rating as of Jul 2, 2026 See Principal Investment Hub

Will PPUPX outperform in the future?

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

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Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PPUPX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PPUPX 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 PPUPX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Expecting a big capital gains distribution in 2026 and losing a comanager.

null Tony Thomas

Tony Thomas

Analyst Note

Investors in Principal LargeCap Growth I can expect a large capital gains distribution later in 2026. Those holding the fund in taxable accounts should especially take notice, because taxes will be due even if the distribution is reinvested. Many of the fund's clients are in retirement share classes, however, and they're unlikely to face such a burden.

by Tony Thomas

Published on Nov 6, 2026

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