Mid-Cap Growth

Summary

The investment seeks long-term growth of capital.
Fund Assets (millions) $31,754.5
Portfolio Managers 2
Fund Inception Dec 6, 2000
Gross Expense Ratio 0.59%
Fund Family Principal Funds
Prospectus (PDF)

Returns at NAV

Returns at MOP

Asset Mix

U.S. Stocks 86.90%
Non-U.S. Stocks 12.99%
U.S. Bonds 0.00%
Non-U.S. Bonds 0.00%
Convertible 0.00%
Preferred 0.00%
Other 0.00%
Cash 0.10%
As of 11/30/2025
Read important information about results and other investment disclosures
This chart tracks a hypothetical investment, with dividends reinvested, shown from the share class inception date through November 30, 2025
PMAQX
S&P 500 TR USD

Market Capitalization

$0.0 Mil
Average

Giant
6.1%
Large
11.8%
Medium
75.8%
Small
6.5%
Micro
0.0%

As of 11/30/2025

Morningstar Ownership ZoneTM

Mid-Cap Growth
Weighted average of holdings
75% of fund's stock holdings
As of 11/30/25
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Investment Strategy

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. For this fund, companies with medium market capitalizations are those with market capitalizations within the range of companies comprising the Russell MidCap® Index. The fund also invests in foreign securities.

Fund Facts

Fund Inception Dec 6, 2000
Fund Assets (Millions) $31,754.5
Dividend Distribution Frequency Annually
Minimum Investment $0
Capital Gains Distribution Frequency Annually
Turnover 11%
Fiscal Year-End Oct
Prospectus Date Mar 1, 2025

Returns

Month-End Returns as of 11/30/25

Returns at NAV
| at MOP
Read important information about results and other investment disclosures
PMAQX
S&P 500 TR USD
ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/25

Yield & Valuation

12-Month Distribution Rates (NAV)
--
30-Day SEC Yield (Gross | Net) -- | --
Price/Book 3.37
Price/Cash Flow 15.25
Price/Earnings 25.15
As of 11/30/2025

Portfolio Management

Read important investment disclosures
Years of Experience With Fund
Bill Nolin 25 yrs
Thomas Rozycki 12 yrs
As of 11/30/2025

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(470)
3-yr. Morningstar RatingTM
(470 funds rated)
5-yr. Morningstar RatingTM
(442 funds rated)
10-yr. Morningstar RatingTM
(367 funds rated)
Overall Morningstar Risk Below Average
HIGH
LOW
Morningstar Category
Mid-Cap Growth
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 11/30/2025.

Risk Measures

Fund
Standard Deviation
17.95
Sharpe Ratio
0.62
R-squared
85
Beta
1.09
Capture Ratio (Downside/Upside)
113/100
American Funds and Morningstar Benchmark for the 10 Years Years ending 11/30/25 R-squared, Beta and Capture Ratio calculated using the S&P 500 TR USD.

Holdings

Equities Breakdown

Sectors
Equity Fund Holdings
 Financial Services 24.2%
Industrials 17.5%
Consumer Cyclical 16.3%
Technology 10.4%
Basic Materials 9.9%
Real Estate 6.1%
Communication Services 5.8%
Healthcare 5.4%
Utilities 4.3%
Consumer Defensive 0.0%
Energy 0.0%

Percentage of net assets as of 11/30/2025

Top 10 Holdings

Heico Corp Class A
5.2%
Brookfield Corp Registered Shs -A- Limited Vtg
5.2%
Hilton Worldwide Holdings Inc
5.1%
TransDigm Group Inc
5.0%
Vulcan Materials Co
4.8%
O'Reilly Automotive Inc
4.6%
KKR & Co Inc Ordinary Shares
3.8%
CBRE Group Inc Class A
3.6%
Live Nation Entertainment Inc
3.3%
Brookfield Infrastructure Partners LP
3.2%

Percentage of net assets as of 11/30/2025

Geographic Breakdown

Regions | Top Countries
Americas
99.6%
Greater Europe
0.4%
Greater Asia
0.0%
Percentage of net assets as of 11/30/2025

Fees & Expenses

Fees

Annual Management Fees 0.57%
Service 12b-1 --
Maximum Sales Charge --
As of each fund's most recent prospectus.

Expense Ratio

Gross
PMAQX 0.59%
Morningstar Category: Mid-Cap Growth 1.21%
Fund as of most recent prospectus. Morningstar Category as of 11/30/25.