Principal Blue Chip Fund
Overview
Performance
As of 10/31/2025
YTD
11.87%
1-year
16.91%
3-year
23.63%
5-year
13.19%
10-year
15.66%
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Overall Morningstar Rating™
As of 10/31/2025
Highlights
A highly active approach that focuses on owner-operators
- 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.
Fund details
as of
11/13/2025
unless indicated otherwise
Fund ticker
PBLAX
CUSIP
74255L472
Benchmark
Russell 1000® Growth Index
Extended performance inception date
06/14/2012
NAV
$48.33
Total fund assets
$11.49B
Dividend frequency
Annually
Minimum investment
$1,000.00
Inception date
09/30/2013
Morningstar category
Large Growth
Investment approach
The investment seeks long-term growth of capital.
The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies with large market capitalizations that, in the fund's investment advisor's opinion, display characteristics of a "blue chip" company. The advisor tends to focus on securities of companies that show potential for growth of capital as well as an expectation for above average earnings. The fund also invests in securities of foreign companies. It is non-diversified.
Performance & expenses
As of
10/31/2025
| Name | 1 month | 3 month | YTD | 1-year | 3-year | 5-year | 10-year | Since inception | Overall |
|---|---|---|---|---|---|---|---|---|---|
| Excluding sales charge | 0.81% | -0.34% | 11.87% | 16.91% | 23.63% | 13.19% | 15.66% | 15.72% | — |
| Including sales charge | -4.73% | -5.81% | 5.72% | 10.48% | 21.32% | 11.91% | 15.01% | 15.24% | — |
| Benchmark performance Russell 1000® Growth Index |
3.63% | 10.36% | 21.50% | 30.52% | 30.69% | 19.24% | 18.28% | — | — |
| Morningstar category average Large Growth |
2.91% | 7.94% | 18.64% | 25.79% | 27.09% | 15.03% | 15.36% | — | — |
| Morningstar percentile rankings | — | — | — | 83 | 73 | 74 | 48 | — | — |
| # of funds in category | 1,118 | 1,113 | 1,095 | 1,084 | 1,015 | 954 | 762 | — | 1,015 |
| Morningstar rating | — | — | — | — | — |
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Returns shown for periods of less than one year are not annualized.
Index performance information: no deductions for fees, expenses or taxes. Indices are unmanaged and individuals cannot invest directly in an index.
| Name | 1 month | 3 month | YTD | 1-year | 3-year | 5-year | 10-year | Since inception | Overall |
|---|---|---|---|---|---|---|---|---|---|
| Excluding sales charge | -0.18% | 2.48% | 10.97% | 14.37% | 25.62% | 12.17% | 16.33% | 15.76% | — |
| Including sales charge | -5.68% | -3.15% | 4.86% | 8.09% | 23.27% | 10.91% | 15.68% | 15.27% | — |
| Benchmark performance Russell 1000® Growth Index |
5.31% | 10.51% | 17.24% | 25.53% | 31.61% | 17.58% | 18.83% | — | — |
| Morningstar category average Large Growth |
4.09% | 7.59% | 15.25% | 21.73% | 28.11% | 13.71% | 15.90% | — | — |
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Returns shown for periods of less than one year are not annualized.
Index performance information: no deductions for fees, expenses or taxes. Indices are unmanaged and individuals cannot invest directly in an index.
| Data | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Excluding sales charge | 21.20% | 39.43% | -30.93% | 24.82% | 34.50% |
| Including sales charge | 14.54% | 31.78% | -34.72% | 17.95% | 27.11% |
| Morningstar category average Large Growth |
28.96% | 36.74% | -29.91% | 20.45% | 35.86% |
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
| Date | Type | Dollar per share |
|---|---|---|
| 12/12/2024 | Short Term Capital Gain | 0.0055 |
| 12/12/2024 | Long Term Capital Gain | 2.0527 |
| 12/13/2022 | Long Term Capital Gain | 0.1987 |
Expense ratio gross
0.96%
Expense ratio net
0.93%
Expense limit expiration date
12/30/2025
Maximum up-front sales charge
5.50%
Contingent deferred sales charge
1.00%
A maximum sales charge of 5.50% may apply for Class A shares. Performance reflects this maximum sales charge when a sales charge is indicated.
In situations where the net and gross fund expense figures are different, the investment manager has contractually agreed to limit the investment option's expense. Differences may also be shown due to the investment manager choosing to pay certain expenses that would normally be payable by the fund. The gross fund expense figure does not reflect any waivers or caps on the mutual fund. Performance shown reflects the application of net expenses of the fund.
Ratings
Morningstar Medalist Rating™
as of 11/07/2025 | 1,015 funds
| Analyst-Driven %: 100 | Data Coverage %: 100
Morningstar ratings
as of 10/31/2025
Holdings
Top 10
as of
09/30/2025
% of Assets
% of Assets
1.
Microsoft Corp
15.11%
2.
Amazon.com Inc
12.00%
3.
Brookfield Corp
6.51%
4.
NVIDIA Corp
5.41%
5.
TransDigm Group Inc
5.13%
6.
Mastercard Inc
4.53%
7.
Visa Inc
4.21%
8.
Cadence Design Systems Inc
3.96%
9.
Broadcom Inc
3.64%
10.
Netflix Inc
3.40%
Portfolio management
K. William Nolin, CFA
36 years of experience
Thomas Rozycki, CFA
25 years of experience