Mid-Cap Growth

Summary

The investment seeks long-term growth of capital.
Fund Assets (millions) $28,848.3
Portfolio Managers 2
Fund Inception Dec 6, 2000
Gross Expense Ratio 0.57%
Fund Family Principal Funds
Prospectus (PDF)

Returns at NAV

Returns at MOP

Asset Mix

Short % 0% Long %
U.S. Stocks 0.0
85.8
Non-U.S. Stocks 0.0
14.4
U.S. Bonds 0.0
0.0
Non-U.S. Bonds 0.0
0.0
Convertible 0.0
0.0
Preferred 0.0
0.0
Other 0.0
0.0
Cash 0.1
0.0
As of 2/28/2026
Read important information about results and other investment disclosures
This chart tracks a hypothetical investment, with dividends reinvested, through February 28, 2026
PMAQX
S&P 500 TR USD

Market Capitalization

$0.0 Mil
Average

Giant
6.3%
Large
4.2%
Medium
84.1%
Small
5.4%
Micro
0.0%

As of 2/28/2026

Morningstar Ownership ZoneTM

Mid-Cap Growth
Weighted average of holdings
75% of fund's stock holdings
As of 2/28/26
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) $28,848.3
Dividend Distribution Frequency Annually
Minimum Investment $0
Capital Gains Distribution Frequency Annually
Turnover 14%
Fiscal Year-End Oct
Prospectus Date Mar 1, 2026

Returns

Month-End Returns as of 2/28/26

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 12/31/25

Yield & Valuation

12-Month Distribution Rates (NAV)
--
30-Day SEC Yield (Gross | Net) -- | --
Price/Book 3.31
Price/Cash Flow 14.09
Price/Earnings 24.18
As of 2/28/2026

Portfolio Management

Read important investment disclosures
Years of Experience With Fund
Bill Nolin 25 yrs
Thomas Rozycki 13 yrs
As of 2/28/2026

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(469)
3-yr. Morningstar RatingTM
(469 funds rated)
5-yr. Morningstar RatingTM
(446 funds rated)
10-yr. Morningstar RatingTM
(373 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 2/28/2026.

Risk Measures

Fund
Standard Deviation
17.79
Sharpe Ratio
0.64
R-squared
85
Beta
1.09
Capture Ratio (Downside/Upside)
114/99
American Funds and Morningstar Benchmark for the 10 Years Years ending 2/28/26 R-squared, Beta and Capture Ratio calculated using the S&P 500 TR USD.

Holdings

Equities Breakdown

Sectors
Equity Fund Holdings
 Financial Services 23.5%
Industrials 18.9%
Consumer Cyclical 15.2%
Basic Materials 10.3%
Technology 9.5%
Communication Services 7.8%
Real Estate 5.4%
Utilities 5.0%
Healthcare 4.3%
Consumer Defensive 0.0%
Energy 0.0%

Percentage of net assets as of 2/28/2026

Top 10 Holdings

Vulcan Materials Co
5.2%
Heico Corp Class A
5.1%
TransDigm Group Inc
5.0%
Hilton Worldwide Holdings Inc
4.9%
Brookfield Corp Registered Shs -A- Limited Vtg
4.8%
Live Nation Entertainment Inc
4.8%
O'Reilly Automotive Inc
4.5%
Brookfield Infrastructure Partners LP
3.7%
CBRE Group Inc Class A
3.7%
Martin Marietta Materials Inc
3.6%

Percentage of net assets as of 2/28/2026

Geographic Breakdown

Regions | Top Countries
Americas
99.0%
Greater Europe
1.0%
Greater Asia
0.0%
Percentage of net assets as of 2/28/2026

Fees & Expenses

Fees

Annual Management Fees 0.56%
Service 12b-1 --
Maximum Sales Charge --
As of each fund's most recent prospectus.

Expense Ratio

Gross
PMAQX 0.57%
Morningstar Category: Mid-Cap Growth 1.17%
Fund as of most recent prospectus. Morningstar Category as of 2/28/26.