Principal Funds, Inc. Blue Chip Fund, Class A (PBLAX)
Principal Funds, Inc. Blue Chip Fund, Class A operates in the Asset Management industry of the Financial Services sector, headquartered in Des Moines, IA, US. The stock last traded at $41.18, down 0.44% on the session, giving a market capitalisation of $8.02B. Its beta of 1.15 implies it has historically moved more than the broad market.
The fund typically allocates at least 80% of its net assets, including any capital acquired through borrowing for investment, to common stocks. These equity holdings are in companies that boast substantial market capitalizations at the time of purchase and are deemed by the investment advisor to embody the characteristics of a "blue chip" firm. The advisor's strategy emphasizes selecting companies whose securities demonstrate both promising potential for capital appreciation and an expectation of achieving earnings that surpass the average. Additionally, the fund is authorized to invest in the shares of companies located in foreign countries.
Principal Funds, Inc. Blue Chip Fund, Class A is most often compared with the following Financial Services names: