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Strategy differentiators

  • A wide latitude to depart from index weights results in higher active share and more concentrated top holdings than peers.

  • Aligned incentives: Owner-operators tend to be passionate and cost conscious. We believe they have longer-term outlooks and are better capital allocators.

  • An experienced team with a history of delivering excess risk-adjusted returns over market cycles.

Strategy facts

  • Manager

    Principal Aligned

  • Inception

    1 April 2000

  • Index

    Russell Midcap Index

  • Targeted number of holdings

    70-100

  • Expected turnover

    15-30%

  • Investment vehicles

    CIT, IMA, SMA, U.S. Mutual Fund

Portfolio management

Principal Aligned

Long-term, bottom-up fundamental investors who specialize in the management of U.S. large-cap and mid-cap portfolios. We specifically target owner-operator led companies with aligned incentives and are constantly focused on valuation and risk reduction.

PM Title
Chief Investment Officer, Portfolio Manager
Name
K. William Nolin, CFA
29 years of experience
PM Title
Director of Research, Portfolio Manager
Name
Thomas Rozycki, CFA
22 years of experience
Learn more

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Experts
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Global Strategist
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Chief Global Strategist

Past performance does not guarantee future results.

Equity markets are subject to many factors, including economic conditions, government regulations, market sentiment, local and international political events, and environmental and technological issues that may impact return and volatility. Mid-cap stocks may have additional risks including greater price volatility.

Investment guidelines are subject to change.

Not all investment options are available in all jurisdictions. Certain vehicles have not been registered with the United States Securities and Exchange Commission under the United States Securities Act of 1933 and may not be directly or indirectly offered or sold in the United States or to any United States person.

Principal Aligned is an investment team within Principal Global Investors.

Russell Midcap Index includes firms 201 through 1000, based on market capitalization, from the Russell 3000® Index.