Principal Funds, Inc. Blue Chip Fund, Class A
PBLAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 711 High Street Des Moines IA United States of America 50392
- IPO Date
- Oct 3, 2013
- CIK
- 0000898745
- Website
- principalam.com
- Similar Companies
- Business
- Principal Funds, Inc. is a registered open-end management investment company that offers a diversified family of mutual funds, including equity, fixed income, real estate, and alternative investment strategies designed for long-term capital appreciation, income generation, and risk management. The company provides multiple share classes such as A, C, Institutional, J, P, R-1 through R-5, and others across its portfolios, with core offerings encompassing the Principal Blue Chip Fund (Class A: PBLAX), which invests at least 80% of its net assets in equity securities of large-market-capitalization "blue chip" companies exhibiting strong growth potential and above-average earnings prospects, including domestic and foreign securities; Bond Market Index Fund tracking fixed income benchmarks; Diversified Real Asset Fund focusing on real assets; Global Multi-Strategy Fund employing non-diversified multi-asset approaches; International Equity Index Fund; Opportunistic Municipal Fund; Preferred Securities Fund; and Small-MidCap Dividend Income Fund targeting dividend-paying small- and mid-cap equities. These funds cater to institutional investors, retirement plans, individual retirement accounts, and retail clients through defined contribution plans like 401(k)s and 403(b)s, voluntary savings plans, and investment-only products. Organized as Principal Special Markets Fund, Inc. on January 28, 1993, in Maryland, the company reorganized and renamed to Principal Investors Fund, Inc. in 2000 and to Principal Funds, Inc. effective June 13, 2008, operating as a subsidiary within the Principal Financial Group, Inc. ecosystem headquartered in Des Moines, Iowa. Principal Funds, Inc. leverages Principal Asset Management's global research-driven strategies, with geographic operations supporting investors primarily in the United States and extending to international markets through foreign securities exposure in select portfolios. In recent developments, Principal Funds, Inc. benefits from its parent company's strategic expansions, including the 2019 $1.2 billion acquisition of Wells Fargo's institutional retirement and trust business, which added substantial scale to retirement solutions; the 2024 acquisition of Ascensus' employee stock ownership plan (ESOP) business, incorporating approximately 800 plans and 165,000 participants to bolster ESOP services; and ongoing launches such as new sustainable funds, ETF adjustments, private credit funds, and private infrastructure debt capabilities in 2024. These moves enhance the mutual fund offerings' integration with broader retirement, asset management, and benefits platforms, positioning Principal Funds, Inc. for growth amid evolving market demands for specialized, research-intensive investment vehicles.