Principal MidCap Institutional
PCBIX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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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
- Des Moines, IA 50392 United States of America
- IPO Date
- Feb 28, 2001
- CIK
- 0000898745
- Website
- principalam.com
- Similar Companies
- Business
- Principal MidCap Fund Institutional Class (PCBIX) is an open-end mutual fund managed by Principal Global Investors, LLC that seeks long-term growth of capital by investing at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies with medium market capitalizations within the range of the Russell MidCap Index; the fund also invests in foreign securities and employs a highly active investment approach emphasizing owner-operator led companies with concentrated top holdings and higher active share relative to peers. Core holdings as of October 2025 include HEICO Corp Class A (5.34%), TransDigm Group Inc (5.25%), Brookfield Corp (5.25%), Hilton Worldwide Holdings Inc (4.69%), Vulcan Materials Co (4.69%), O'Reilly Automotive Inc (4.29%), KKR & Co Inc (3.71%), Live Nation Entertainment Inc (3.47%), Copart Inc (3.46%), and CBRE Group Inc (3.41%), spanning sectors such as industrials, basic materials, consumer cyclical, real estate, and communication services. The fund, with total assets of $31.75 billion, a net expense ratio of 0.67%, annual dividend frequency, and no minimum investment requirement for the institutional class, benchmarks against the Russell MidCap Index and falls within the Morningstar Mid Cap Growth category. Incepted on March 1, 2001 with extended performance history from December 6, 2000, the fund is headquartered in Des Moines, Iowa, as part of Principal Financial Group, and primarily targets institutional investors seeking exposure to dynamic U.S. mid-cap growth opportunities with some international diversification. Recent distributions include a long-term capital gain of $1.3963 per share on December 12, 2024, and income dividend of $0.0581 per share on December 27, 2024, reflecting ongoing portfolio realizations amid strong historical performance such as 19.98% total return in 2024 and 25.87% in 2023; as of November 30, 2025, year-to-date return stands at 2.71% with 3-year annualized returns of 13.32% and 5-year of 9.26%, outperforming the category average over multiple periods.