- Issuer
- Principal
- Inception Date
- Jun 28, 2005
- Category
- Mid Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PEMGX Performance Chart
Principal MidCap Fund Class A (PEMGX) is down 6.1% since the beginning of the year. PEMGX is currently trading at $38 per share. Investors who bought $1,000 worth of PEMGX shares 5 years ago would now be looking at an investment worth $1,286.
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Returns By Period
Principal MidCap Fund Class A (PEMGX) has returned -6.06% so far this year and -7.05% over the past 12 months. Over the last ten years, PEMGX has returned 11.85% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Principal MidCap Fund Class A
- 1D
- 0.60%
- 1M
- 3.74%
- YTD
- -6.06%
- 6M
- -7.32%
- 1Y
- -7.05%
- 3Y*
- 9.68%
- 5Y*
- 5.16%
- 10Y*
- 11.85%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PEMGX Monthly Returns History
Based on dividend-adjusted daily data since Jun 20, 1996, PEMGX's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, an investment would double in approximately 10.3 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +13.2%, while the worst month was Jul 2005 at -64.8%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 7 months.
On a daily basis, PEMGX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +12.3%, while the worst single day was Jul 5, 2005 at -65.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.66% | -3.16% | -7.61% | 3.59% | 0.75% | 1.27% | -6.06% | ||||||
| 2025 | 5.23% | -1.27% | -4.20% | -0.54% | 3.79% | 2.81% | 0.93% | 0.66% | -1.44% | -4.24% | 1.18% | -1.07% | 1.39% |
| 2024 | 1.09% | 5.68% | 3.80% | -6.36% | 3.41% | 0.43% | 6.29% | 1.83% | 2.40% | -0.84% | 8.94% | -4.35% | 23.50% |
| 2023 | 8.43% | -3.04% | 0.35% | 2.05% | -0.80% | 8.24% | 0.75% | -0.94% | -5.17% | -3.32% | 12.54% | 5.52% | 25.60% |
| 2022 | -10.59% | -3.79% | 2.71% | -8.74% | -0.68% | -8.41% | 11.07% | -3.92% | -9.30% | 7.08% | 7.49% | -6.19% | -23.35% |
| 2021 | -4.42% | 5.84% | 2.23% | 6.50% | 0.31% | 2.22% | 4.11% | 0.36% | -3.69% | 7.50% | -3.10% | 5.48% | 24.87% |
Benchmark Metrics
Principal MidCap Fund Class A has an annualized alpha of -1.29%, beta of 0.84, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since June 20, 1996.
- This fund participated in 94.65% of S&P 500 Index downside but only 74.71% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.49 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.29%
- Beta
- 0.84
- R²
- 0.49
- Upside Capture
- 74.71%
- Downside Capture
- 94.65%
Expense Ratio
PEMGX has an expense ratio of 0.91%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PEMGX ranks 1 for risk / return — in the bottom 1% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Principal MidCap Fund Class A (PEMGX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PEMGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.49 | ||
| Sortino ratioReturn per unit of downside risk | -3.32 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.37 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 2.78 | -3.13 |
| Martin ratioReturn relative to average drawdown | -0.73 | 12.44 | -13.17 |
Dividends
Dividend History
Principal MidCap Fund Class A provided a 6.51% dividend yield over the last twelve months, with an annual payout of $2.49 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.49 | $2.49 | $2.79 | $0.95 | $0.99 | $3.33 | $0.39 | $2.71 | $2.76 | $0.89 | $0.50 | $1.29 |
Dividend yield | 6.51% | 6.11% | 6.55% | 2.58% | 3.31% | 8.24% | 1.12% | 9.02% | 12.48% | 3.32% | 2.25% | 6.28% |
Monthly Dividends
The table displays the monthly dividend distributions for Principal MidCap Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.49 | $2.49 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.79 | $2.79 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.95 | $0.95 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.99 | $0.99 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.33 | $3.33 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Principal MidCap Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Principal MidCap Fund Class A was 84.41%, occurring on Mar 9, 2009. Recovery took 2556 trading sessions.
The current Principal MidCap Fund Class A drawdown is 12.27%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -84.41%Mar 2009 | 8y 12mo | 10y 1mo | 19y 1moMar 2000 - May 2019 |
COVID crash2020 | -40.58%Mar 2020 | 1mo 1d | 7mo 21d | 8mo 22dFeb 2020 - Nov 2020 |
1998 bear market1998 | -36.26%Oct 1998 | 5mo 18d | 1y 4mo | 1y 10moApr 1998 - Feb 2000 |
Bear market2022 | -31.34%Oct 2022 | 11mo 8d | 1y 4mo | 2y 3moNov 2021 - Feb 2024 |
2026 correction2026 | -19.38%Mar 2026 | 6mo 16d | — | 9mo 14dSep 2025 - now |
Drawdown Indicators
| PEMGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.41% | -56.78% | -27.63% |
Max Drawdown (1Y)Largest decline over 1 year | -19.38% | -9.10% | -10.28% |
Max Drawdown (3Y)Largest decline over 3 years | -19.38% | -18.90% | -0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -31.34% | -25.43% | -5.91% |
Max Drawdown (10Y)Largest decline over 10 years | -40.58% | -33.92% | -6.66% |
Current DrawdownCurrent decline from peak | -12.27% | -1.80% | -10.47% |
Average DrawdownAverage peak-to-trough decline | -33.25% | -10.71% | -22.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 2.03% | +7.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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