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Blue Chip Fund
mutual fund
PGBEX
Payout Change
Suspended
Price as of:
$45.11
+0.48
+1.08%
primary theme
U.S. Large-Cap Growth Equity
share class
PGBEX (Mutual Fund)
Blue Chip Fund
Payout Change
Suspended
Price as of:
$45.11
+0.48
+1.08%
primary theme
U.S. Large-Cap Growth Equity
share class
PGBEX (Mutual Fund)
Blue Chip Fund
Payout Change
Suspended
Price as of:
$45.11
+0.48
+1.08%
primary theme
U.S. Large-Cap Growth Equity
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
24.2%
1 yr return
24.5%
3 Yr Avg Return
6.1%
5 Yr Avg Return
14.9%
Net Assets
$11.1 B
Holdings in Top 10
56.0%
52 WEEK LOW AND HIGH
$44.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.17%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 25.60%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PGBEX - Profile
Distributions
- YTD Total Return 24.2%
- 3 Yr Annualized Total Return 6.1%
- 5 Yr Annualized Total Return 14.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.70%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBlue Chip Fund
-
Fund Family NamePrincipal Funds
-
Inception DateMar 30, 2016
-
Shares OutstandingN/A
-
Share ClassR3
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerK. William Nolin
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies with large market capitalizations at the time of purchase that, in the opinion of Principal Global Investors, LLC (“PGI”), the Fund’s investment advisor, display characteristics of a “blue chip” company. For this Fund, companies with large market capitalizations are those with market capitalizations similar to companies in the Russell 1000® Growth Index (as of November 30, 2023, this was between approximately $651.9 million and $3.0 trillion). In PGI’s view, “blue chip” companies typically display some or all of the following characteristics: (1) large, well-established, and financially sound companies; (2) issuers with market capitalizations in the billions; (3) are considered market leaders or among the top three companies in its sector; and (4) commonly considered household names. The Fund tends to focus on securities of companies that show potential for growth of capital as well as an expectation for above-average earnings. In selecting securities in which to invest, PGI uses a bottom-up, fundamental process, focusing on a fundamental analysis of individual companies. The Fund invests in securities of foreign companies. The Fund invested significantly in industries within the financials and information technology sectors as of November 30, 2023.
PGBEX - Performance
Return Ranking - Trailing
| Period | PGBEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 24.2% | -5.6% | 56.2% | 75.73% |
| 1 Yr | 24.5% | -3.6% | 56.8% | 76.55% |
| 3 Yr | 6.1%* | -24.3% | 23.5% | 71.49% |
| 5 Yr | 14.9%* | -14.9% | 30.1% | 61.05% |
| 10 Yr | N/A* | -5.5% | 21.7% | N/A |
* Annualized
Return Ranking - Calendar
| Period | PGBEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 39.2% | -74.1% | 72.4% | 29.20% |
| 2022 | -31.5% | -85.9% | 4.7% | 35.68% |
| 2021 | 16.5% | -52.4% | 60.5% | 23.95% |
| 2020 | 29.7% | -34.3% | 145.0% | 39.67% |
| 2019 | 32.1% | -6.9% | 49.4% | 14.17% |
Total Return Ranking - Trailing
| Period | PGBEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 24.2% | -5.6% | 56.2% | 75.73% |
| 1 Yr | 24.5% | -3.6% | 56.8% | 76.55% |
| 3 Yr | 6.1%* | -24.3% | 23.5% | 71.49% |
| 5 Yr | 14.9%* | -14.9% | 30.1% | 61.05% |
| 10 Yr | N/A* | -5.5% | 21.7% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | PGBEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 39.2% | -4.6% | 72.4% | 45.07% |
| 2022 | -31.1% | -61.7% | 5.6% | 53.38% |
| 2021 | 24.5% | -39.8% | 118.1% | 30.78% |
| 2020 | 34.2% | 2.8% | 149.2% | 52.67% |
| 2019 | 38.1% | -5.2% | 49.4% | 9.28% |
NAV & Total Return History
PGBEX - Holdings
Concentration Analysis
| PGBEX | Category Low | Category High | PGBEX % Rank | |
|---|---|---|---|---|
| Net Assets | 11.1 B | 296 K | 317 B | 21.31% |
| Number of Holdings | 41 | 2 | 3061 | 76.04% |
| Net Assets in Top 10 | 6.54 B | 126 K | 150 B | 21.23% |
| Weighting of Top 10 | 55.97% | 0.7% | 205.0% | 39.31% |
Top 10 Holdings
- Microsoft Corp 11.25%
- Amazon.com Inc 7.88%
- Brookfield Corp 5.30%
- Alphabet Inc - C Shares 5.23%
- TransDigm Group Inc 5.21%
- Mastercard Inc 4.83%
- Progressive Corp/The 4.37%
- Visa Inc 4.27%
- Netflix Inc 3.87%
- Intuit Inc 3.75%
Asset Allocation
| Weighting | Return Low | Return High | PGBEX % Rank | |
|---|---|---|---|---|
| Stocks | 100.04% | 0.00% | 123.52% | 3.63% |
| Cash | 0.01% | 0.00% | 173.52% | 90.02% |
| Preferred Stocks | 0.00% | 0.00% | 8.45% | 41.38% |
| Other | 0.00% | -36.56% | 42.58% | 46.01% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 32.82% |
| Bonds | 0.00% | 0.00% | 102.71% | 34.48% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PGBEX % Rank | |
|---|---|---|---|---|
| Financial Services | 25.77% | 0.00% | 43.06% | 1.82% |
| Technology | 22.98% | 0.00% | 65.70% | 90.55% |
| Communication Services | 12.62% | 0.00% | 66.40% | 28.82% |
| Consumer Cyclical | 12.52% | 0.00% | 62.57% | 68.55% |
| Industrials | 9.97% | 0.00% | 30.65% | 11.73% |
| Real Estate | 6.73% | 0.00% | 16.05% | 2.18% |
| Healthcare | 6.33% | 0.00% | 39.76% | 95.27% |
| Basic Materials | 2.00% | 0.00% | 18.91% | 33.64% |
| Consumer Defense | 1.09% | 0.00% | 25.50% | 81.36% |
| Utilities | 0.00% | 0.00% | 16.07% | 52.64% |
| Energy | 0.00% | 0.00% | 41.09% | 69.18% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PGBEX % Rank | |
|---|---|---|---|---|
| US | 100.04% | 0.00% | 123.52% | 2.81% |
| Non US | 0.00% | 0.00% | 75.46% | 53.09% |
PGBEX - Expenses
Operational Fees
| PGBEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.17% | 0.01% | 28.71% | 31.97% |
| Management Fee | 0.59% | 0.00% | 1.50% | 44.88% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 35.45% |
| Administrative Fee | N/A | 0.01% | 1.02% | 30.23% |
Sales Fees
| PGBEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PGBEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PGBEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 25.60% | 0.00% | 316.74% | 36.90% |
PGBEX - Distributions
Dividend Yield Analysis
| PGBEX | Category Low | Category High | PGBEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 27.58% | 61.58% |
Dividend Distribution Analysis
| PGBEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| PGBEX | Category Low | Category High | PGBEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.70% | -6.13% | 3.48% | 76.16% |
Capital Gain Distribution Analysis
| PGBEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2024 | $0.006 | CapitalGainShortTerm |
| Dec 12, 2024 | $2.053 | CapitalGainLongTerm |
| Dec 13, 2022 | $0.199 | CapitalGainLongTerm |
| Dec 13, 2021 | $2.726 | OrdinaryDividend |
| Dec 11, 2020 | $1.145 | OrdinaryDividend |
| Dec 11, 2019 | $0.107 | CapitalGainShortTerm |
| Dec 11, 2019 | $1.039 | CapitalGainLongTerm |
| Dec 19, 2018 | $1.587 | CapitalGainLongTerm |
| Dec 20, 2017 | $0.027 | CapitalGainShortTerm |
| Dec 20, 2017 | $0.560 | CapitalGainLongTerm |
| Dec 22, 2016 | $0.030 | OrdinaryDividend |
| Dec 20, 2016 | $0.047 | CapitalGainShortTerm |
| Dec 20, 2016 | $0.046 | CapitalGainLongTerm |
PGBEX - Fund Manager Analysis
Managers
K. William Nolin
Start Date
Tenure
Tenure Rank
Jun 14, 2012
9.97
10.0%
Bill is the chief investment officer for Aligned Investors, an investment boutique within Principal Global Investors. He has served as lead portfolio manager for the Principal MidCap Fund since its 2001 inception and related portfolios since 1999. Bill and his dedicated investment team subsequently introduced the Principal Blue Chip strategy in 2012, utilizing the same philosophy and process while extending the team’s reach to larger companies. Bill joined Principal in 1993 in corporate credit research and transitioned to equities research in 1996. He earned an MBA from the Yale School of Management, and a bachelor’s degree in finance from the University of Iowa. Bill is a CFA charterholder and a member of the CFA Institute.
Thomas Rozycki
Start Date
Tenure
Tenure Rank
Dec 28, 2012
9.43
9.4%
Tom is the head of research for Aligned Investors, an investment boutique within Principal Global Investors. He is responsible for coordinating the research effort at Aligned Investors and also serves as portfolio manager for its MidCap and Blue Chip strategies. Tom joined the firm in 2001. He received a bachelor’s degree in finance from Drake University. Tom is a CFA charterholder and a member of the CFA Institute.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.25 | 3.08 |
