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Name

As of 06/01/2026

Price

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

MidCap Fund (f/k/a MidCap Blend Fund)

PMAQX | Fund

$39.98

$25.2 B

0.23%

$0.09

0.57%

Vitals

YTD Return

-6.8%

1 yr return

-7.7%

3 Yr Avg Return

9.4%

5 Yr Avg Return

4.6%

Net Assets

$25.2 B

Holdings in Top 10

44.8%

52 WEEK LOW AND HIGH

$39.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.57%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 12.40%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

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

MidCap Fund (f/k/a MidCap Blend Fund)

PMAQX | Fund

$39.98

$25.2 B

0.23%

$0.09

0.57%

PMAQX - Profile

Distributions

  • YTD Total Return -6.8%
  • 3 Yr Annualized Total Return 9.4%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.15%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    MidCap Fund (f/k/a MidCap Blend Fund)
  • Fund Family Name
    Principal Funds
  • Inception Date
    Nov 22, 2016
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    K. 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 medium market capitalizations (MidCap). For this Fund, companies with medium market capitalizations (MidCap) are those with market capitalizations within the range of companies comprising the Russell MidCap® Index (as of January 30, 2026, this was between approximately $1.2 billion and $88.7 billion). The Fund also invests in foreign securities.
Read More

PMAQX - Performance

Return Ranking - Trailing

Period PMAQX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.8% -12.4% 52.4% 96.20%
1 Yr -7.7% -20.3% 94.5% 93.67%
3 Yr 9.4%* -4.9% 35.5% 77.12%
5 Yr 4.6%* -6.1% 33.5% 48.81%
10 Yr N/A* 3.6% 51.6% 8.72%

* Annualized

Return Ranking - Calendar

Period PMAQX Return Category Return Low Category Return High Rank in Category (%)
2025 -3.9% -46.8% 36.1% 50.42%
2024 16.4% -16.5% 83.2% 25.32%
2023 22.8% -27.7% 68.0% 27.33%
2022 -25.4% -85.6% 52.8% 20.04%
2021 15.8% -74.9% 238.3% 11.52%

Total Return Ranking - Trailing

Period PMAQX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.8% -12.4% 52.4% 96.20%
1 Yr -7.7% -20.3% 94.5% 93.67%
3 Yr 9.4%* -4.9% 35.5% 77.12%
5 Yr 4.6%* -6.1% 33.5% 48.81%
10 Yr N/A* 3.6% 51.6% 8.11%

* Annualized

Total Return Ranking - Calendar

Period PMAQX Return Category Return Low Category Return High Rank in Category (%)
2025 1.7% -20.1% 39.3% 73.84%
2024 20.1% -2.3% 88.8% 28.69%
2023 26.0% -26.1% 68.0% 15.04%
2022 -23.1% -67.0% 56.8% 21.32%
2021 25.4% -23.5% 342.2% 6.74%

NAV & Total Return History

PMAQX - Holdings

Concentration Analysis

PMAQX Category Low Category High PMAQX % Rank
Net Assets 25.2 B 4.86 M 89.9 B 2.74%
Number of Holdings 72 17 3393 56.54%
Net Assets in Top 10 13.6 B 653 K 13.6 B 0.84%
Weighting of Top 10 44.81% 5.7% 97.9% 17.51%

Top 10 Holdings

  1. HEICO Corp - Class A 5.24%
  2. TransDigm Group Inc 5.15%
  3. Hilton Worldwide Holdings Inc 5.08%
  4. Vulcan Materials Co 4.96%
  5. Brookfield Corp 4.95%
  6. O'Reilly Automotive Inc 4.52%
  7. CBRE Group Inc 3.91%
  8. Live Nation Entertainment Inc 3.89%
  9. KKR Co Inc 3.70%
  10. Martin Marietta Materials Inc 3.39%

Asset Allocation

Weighting Return Low Return High PMAQX % Rank
Stocks 		99.94% 49.15% 114.03% 10.55%
Cash 		0.14% 0.00% 50.67% 83.12%
Preferred Stocks 		0.00% 0.00% 15.48% 33.76%
Other 		0.00% -0.18% 14.15% 40.93%
Convertible Bonds 		0.00% 0.00% 0.05% 18.14%
Bonds 		0.00% 0.00% 2.74% 21.73%

Stock Sector Breakdown

Weighting Return Low Return High PMAQX % Rank
Consumer Cyclical 		21.36% 0.00% 57.41% 2.95%
Financial Services 		20.02% 0.00% 43.01% 7.38%
Technology 		15.17% 0.04% 62.17% 90.93%
Industrials 		14.58% 0.00% 38.23% 54.43%
Real Estate 		9.73% 0.00% 19.28% 5.27%
Communication Services 		6.15% 0.00% 16.67% 11.60%
Basic Materials 		5.36% 0.00% 17.25% 13.08%
Utilities 		3.52% 0.00% 12.94% 3.80%
Healthcare 		2.54% 0.00% 37.06% 95.15%
Consumer Defense 		1.57% 0.00% 16.40% 63.29%
Energy 		0.00% 0.00% 62.10% 70.89%

Stock Geographic Breakdown

Weighting Return Low Return High PMAQX % Rank
US 		99.94% 46.79% 114.03% 10.13%
Non US 		0.00% 0.00% 33.97% 37.55%

PMAQX - Expenses

Operational Fees

PMAQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.57% 0.01% 6.54% 92.19%
Management Fee 0.56% 0.00% 1.50% 15.61%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

PMAQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PMAQX 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.

PMAQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.40% 0.00% 250.31% 12.99%

PMAQX - Distributions

Dividend Yield Analysis

PMAQX Category Low Category High PMAQX % Rank
Dividend Yield 0.23% 0.00% 33.43% 17.30%

Dividend Distribution Analysis

PMAQX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

PMAQX Category Low Category High PMAQX % Rank
Net Income Ratio -0.15% -2.24% 2.75% 17.87%

Capital Gain Distribution Analysis

PMAQX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

PMAQX - Fund Manager Analysis

Managers

K. William Nolin

Start Date

Tenure

Tenure Rank

Dec 06, 2000

21.5

21.5%

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

Mar 01, 2013

9.25

9.3%

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 36.3 9.62 11.76

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