MidCap Value Fund I
Actively managed U.S. stock fund
As of its 2026 Q2 report, MidCap Value Fund I held 731 positions with $2.42B in net assets. Its ten largest holdings made up 17.2% of the fund. The PMPRX share class costs 1.2% a year. Over the 12 months to May 2026, PMPRX returned 18.4%, with dividends reinvested. In 2026 Q3 it added 80 new positions and exited 73.
The Fund seeks long-term growth of capital.
The fund is primarily actively managed by sub-advisors, which invest at least 80% of assets in equity securities of value companies with medium market capitalizations between roughly $1.2 billion and $88.7 billion, selected from established value indices including the MSCI All Country World IMI Value Index, the S&P 1500 Value Index, or the Russell 3000 Value Index. Up to 30% of assets may be invested using an index sampling strategy designed to match the Russell MidCap Value Index, which introduces the risk that those holdings may diverge from index performance.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Principal Funds, Inc - Government Money Market Fund - Class R-6 | 3.00% | $72.61M | — | — |
1.91% | $46.29M | 132.3K | $349.91 | |
1.73% | $41.93M | 448.5K | $93.49 | |
1.71% | $41.44M | 161.4K | $256.80 | |
1.67% | $40.52M | 436.2K | $92.91 | |
1.55% | $37.60M | 512.0K | $73.43 | |
1.52% | $36.91M | 233.1K | $158.32 | |
1.42% | $34.33M | 336.1K | $102.15 | |
1.38% | $33.43M | 244.4K | $136.81 | |
1.34% | $32.39M | 629.0K | $51.50 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
The 200 largest of 731 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 96.98% |
| Cash & short-term | 3.06% |
| Derivatives | 0.00% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified.
By sector
- Industrials
- 17.4%
- Financials
- 14.1%
- Health Care
- 11.4%
- Information Technology
- 11.0%
- 10 other sectors
- 46.2%
- Industrials
- 17.4%
- Financials
- 14.1%
- Health Care
- 11.4%
- Information Technology
- 11.0%
- Energy
- 8.5%
- Consumer Discretionary
- 8.1%
- Materials
- 7.4%
- Consumer Staples
- 7.0%
- Real Estate
- 6.7%
- Utilities
- 4.4%
- Cash
- 1.8%
- Communication Services
- 1.6%
- International
- 0.3%
- Other
- 0.2%
How it has done
PMPRX share class · total returns with dividends reinvested
Volatility over the last 12 months: 10.86%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 8 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.20% | +18.36% | +49.49% | +42.05% | -11.02% | |
| 0.89% | +18.71% | +50.94% | +44.29% | -10.85% | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| 0.69% | +18.94% | +51.78% | +45.62% | -10.85% | |
| 0.87% | +18.76% | +51.03% | +44.41% | -10.90% | |
| 1.06% | +18.44% | +50.03% | +42.78% | -10.96% | |
| 0.64% | +19.01% | +52.02% | +46.18% | -10.78% |
Fees & fund details
MidCap Value Fund I is an actively managed U.S. equity fund. 7% of PMPRX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 96% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.64% – 1.20%· PMPRX 1.20%
- Portfolio turnover
- 79.60% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
80 new· the largest 8
73 exited· the largest 8
Understand how this fund fits with the rest.
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