Markets

3 Strong Buy Principal Financial Mutual Funds to Buy

A generic image of stock information
Credit: Shutterstock photo

Founded in 1879, Principal Financial Group manages assets worth over $595.8 billion (as of September 30, 2016) based on assets raised in the country or region. It invests in equities, multi-assets, fixed income real estates and alternative markets. The main objective of the company is to meet the long-term interest of the investors

The fund family aims to support the requirements of both individual and institutional investors with their asset management services, insurance and retirement solutions. It offers investment management strategies and services in 18 countries. It invests in equities, multi-assets, fixed income real estates and alternative markets.

Below we share with you 3 top-rated Principal Financial mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and we expect the fund to outperform its peers in the future. Investors can click here to see the complete list of Principal Financial funds .

Principal SmallCap S&P 600 Index R5PSSPX invests a bulk of its assets in securities of companies from the S&P SmallCap 600 Index. In this index, the market-cap of companies ranges between $58.0 million and $4.5 billion. PSSPX seeks capital growth for the long run. Principal SmallCap S&P 600 Index R5 returned 20% over the last one-year period.

PSSPXhas an expense ratio of 0.42% compared to the category average of 1.23%.

Principal Short-Term Income JPSJIX seeks growth of income and stability of principal. PSJIX invests mainly in fixed-income debt securities, including high quality short-term bonds, which are rated Baa3 or higher by Moody's or BBB- or higher by S&P's Rating Service. Principal Short-Term Income J returned 1.9% over the last one-year period.

As of October 2016, PSJIX held 422 issues, with 1.35% of its assets invested in FNMA 1.5%.

Principal LargeCap Value APCACX invests majority of its assets in equity securities of large-cap companies from the Russell 1000 Value Index. According to the index, large-cap companies are those whose market-cap ranges between $383.0 million and $448.8 billion. PCACX seeks appreciation of capital for the long run. Principal LargeCap Value A returned 5.1% over the last one-year period.

Joel Fortney is the one of the fund managers and has managed PCACX since 2014.

To view the Zacks Rank and past performance of all Principal Financial mutual funds, investors can click here to see the complete list of Principal Financial funds .

Want key mutual fund info delivered straight to your inbox?

Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Get Your Free (PSJIX): Fund Analysis Report

Get Your Free (PCACX): Fund Analysis Report

Get Your Free (PSSPX): Fund Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

PSJIX PSSPX

Other Topics

Mutual Funds