MidCap Value Fund I
Principal Funds, Inc · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
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
Fund profile
As filed in the prospectus · 2026 Q1
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.
| Share class | Gross | Net |
|---|---|---|
| PMPRX | 1.22% | 1.20% |
| PABVX | 0.91% | 0.89% |
| PVMIX | 0.76% | 0.69% |
| PVEJX | 0.89% | 0.87% |
| PCMVX | 1.08% | 1.06% |
| PCMSX | 0.66% | 0.64% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 79.60% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| 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.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Industrials | 18.6% |
| Information Technology | 11.2% |
| Financials | 10.5% |
| Consumer Discretionary | 9.7% |
| 10 smaller | 49.9% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +22.16% | +41.99% | +44.36% | 11.00% | -11.02% | |
| +22.48% | +43.25% | +46.51% | 10.99% | -10.85% | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| +22.77% | +44.12% | +47.96% | 10.98% | -10.85% | |
| +22.56% | +43.28% | +46.67% | 10.97% | -10.90% | |
| +22.34% | +42.42% | +45.07% | 10.96% | -10.96% | |
| +22.82% | +44.36% | +48.43% | 11.05% | -10.78% |
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | Principal Funds, Inc - Government Money Market Fund - Class R-6 | 3.00% | — | $72.61M | — |
| KEYS | Keysight Technologies IncKEYS | 1.91% | $349.91 | $46.29M | 132.3K |
| USFD | US Foods Holding CorpUSFD | 1.73% | $93.49 | $41.93M | 448.5K |
| LH | Labcorp Holdings IncLH | 1.71% | $256.80 | $41.44M | 161.4K |
| MCHP | Microchip Technology IncMCHP | 1.67% | $92.91 | $40.52M | 436.2K |
| LNT | Alliant Energy CorpLNT | 1.55% | $73.43 | $37.60M | 512.0K |
| RJF | Raymond James Financial IncRJF | 1.52% | $158.32 | $36.91M | 233.1K |
| EXE | Expand Energy CorpEXE | 1.42% | $102.15 | $34.33M | 336.1K |
| HIG | The Hartford Insurance Group IncHIG | 1.38% | $136.81 | $33.43M | 244.4K |
| TFC | Truist Financial CorpTFC | 1.34% | $51.50 | $32.39M | 629.0K |
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.
Top 10 positions are 17.22% of net assets, top 25 35.52%, across 730 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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