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3 Top Principal Mutual Funds To Buy Now

By Zacks Investment ResearchStock MarketsNov 30, 2017 09:36PM ET
www.investing.com/analysis/3-top-principal-mutual-funds-to-buy-now-200269734
3 Top Principal Mutual Funds To Buy Now
By Zacks Investment Research   |  Nov 30, 2017 09:36PM ET
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Principal Financial Group (NYSE:PFG) is a renowned publicly owned global investment management firm focused on offering financial tools, resources and information to investors. The Des Moines, IA based fund family aims to support the requirements of both individual and institutional investors with their asset management services, insurance and retirement solutions.

Principal Financial Group was founded in 1879 and manages assets worth over $$655.5 billion (as of Sep 30, 2017) raised all over the globe. It offers investment management strategies and services in 18 countries. The company invests in equities, multi-assets, fixed income real estates and alternative markets.

Below we share with you three top-ranked Principal Financial mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Principal Financial funds.

Principal California Municipal A SRCMX seeks maximization of income, which is free from both federal as well as state personal income tax. SRCMX invests a major portion of its assets in California municipal securities, which are issued by local or state governments. Principal California Municipal A has returned 6.2% over the last year.

As of Oct 30, 2017, SRCMX held 183 issues, with 2.41% of its assets invested in California Pollution Ctl Fing Wtr Fur 5%.

Principal SmallCap S&P 600 Index R4 PSSSX seeks capital growth for the long run. PSSSX invests the lion’s share of its assets in equity securities of companies that fall within the range of the SmallCap 600 Index. Companies with market cap between $51.6 million and $4.5 billion are generally included on the SmallCap 600 Index. Principal SmallCap S&P 600 Index has one-year annualized returns of 16.8%.

Thomas Kruchten has been one of the fund managers of PSSSX since 2011.

Principal Global Real Estate Securities A POSAX invests a bulk of its assets in equity securities of domestic and foreign companies, which are mainly involved in the real estate industry. POSAX seeks to provide high returns. Principal Global Real Estate Securities A has returned 15% in a year’s time.

POSAX has an expense ratio of 1.32% compared with the category average of 1.41%.

To view the Zacks Rank and past performance of all Principal Financial mutual funds, investors can click here to see the complete list of Principal Financial funds.

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Zacks Investment Research

3 Top Principal Mutual Funds To Buy Now
 

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3 Top Principal Mutual Funds To Buy Now

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