- ISIN
- US74253Q1922
- CUSIP
- 74253Q192
- Issuer
- Principal
- Inception Date
- Dec 29, 2003
- Category
- Mid Cap Value Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
PVMIX Performance Chart
Principal MidCap Value Fund I (PVMIX) is up 12.2% since the beginning of the year. PVMIX is currently trading at $17 per share. Investors who bought $1,000 worth of PVMIX shares 5 years ago would now be looking at an investment worth $1,839.
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Returns By Period
Principal MidCap Value Fund I (PVMIX) has returned 12.23% so far this year and 19.53% over the past 12 months. Over the last ten years, PVMIX has returned 12.65% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Principal MidCap Value Fund I
- 1D
- 0.12%
- 1M
- 1.05%
- YTD
- 12.23%
- 6M
- 10.65%
- 1Y
- 19.53%
- 3Y*
- 19.61%
- 5Y*
- 12.96%
- 10Y*
- 12.65%
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%
PVMIX Monthly Returns History
Based on dividend-adjusted daily data since Dec 30, 2003, PVMIX's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +13.6%, while the worst month was Mar 2020 at -19.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PVMIX closed higher 53% of trading days. The best single day was Dec 19, 2024 with a return of +18.6%, while the worst single day was Mar 12, 2020 at -10.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.20% | 4.58% | -4.73% | 5.71% | 0.47% | 0.82% | 12.23% | ||||||
| 2025 | 3.73% | -1.86% | -3.42% | -2.62% | 3.70% | 2.27% | 1.08% | 2.51% | 0.92% | -2.85% | 3.12% | -0.26% | 6.09% |
| 2024 | -0.49% | 4.61% | 5.35% | -5.19% | 3.06% | -1.48% | 5.33% | 2.15% | 1.35% | -1.81% | 6.44% | 10.87% | 33.38% |
| 2023 | 6.55% | -2.25% | -2.37% | -0.19% | -4.60% | 7.64% | 3.74% | -2.70% | -4.44% | -3.49% | 8.23% | 5.76% | 11.04% |
| 2022 | -3.87% | -0.30% | 2.73% | -3.76% | 2.28% | -9.75% | 8.13% | -3.25% | -8.33% | 10.52% | 5.71% | -4.04% | -5.95% |
| 2021 | 0.00% | 8.86% | 6.24% | 5.41% | 2.08% | -2.03% | 1.42% | 2.32% | -4.42% | 4.57% | -2.74% | 6.50% | 30.97% |
Benchmark Metrics
Principal MidCap Value Fund I has an annualized alpha of 2.20%, beta of 0.95, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since December 30, 2003.
- This fund captured 102.38% of S&P 500 Index gains but only 95.26% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 2.20% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.95 and R2 of 0.79, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.20%
- Beta
- 0.95
- R²
- 0.79
- Upside Capture
- 102.38%
- Downside Capture
- 95.26%
Expense Ratio
PVMIX has an expense ratio of 0.69%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PVMIX ranks 43 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Principal MidCap Value Fund I (PVMIX) 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.
| PVMIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 2.78 | -0.10 |
| Martin ratioReturn relative to average drawdown | 9.49 | 12.44 | -2.95 |
Dividends
Dividend History
Principal MidCap Value Fund I provided a 6.43% dividend yield over the last twelve months, with an annual payout of $1.11 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.11 | $1.11 | $5.28 | $0.76 | $1.10 | $2.01 | $0.21 | $0.73 | $1.57 | $1.04 | $0.22 | $1.39 |
Dividend yield | 6.43% | 7.22% | 33.98% | 4.63% | 7.12% | 11.44% | 1.38% | 5.11% | 13.23% | 6.92% | 1.58% | 11.19% |
Monthly Dividends
The table displays the monthly dividend distributions for Principal MidCap Value Fund I. 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 | $1.11 | $1.11 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.28 | $5.28 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.76 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.10 | $1.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.01 | $2.01 |
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 Value Fund I. 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 Value Fund I was 56.76%, occurring on Mar 9, 2009. Recovery took 480 trading sessions.
The current Principal MidCap Value Fund I drawdown is 1.82%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -56.76%Mar 2009 | 1y 9mo | 1y 10mo | 3y 8moJun 2007 - Feb 2011 |
COVID crash2020 | -41.34%Mar 2020 | 2mo 2d | 7mo 28d | 10moJan 2020 - Nov 2020 |
2011 bear market2011 | -25.24%Oct 2011 | 5mo 4d | 11mo 9d | 1y 4moMay 2011 - Sep 2012 |
2016 bear market2016 | -22.11%Feb 2016 | 7mo 22d | 9mo 14d | 1y 5moJun 2015 - Nov 2016 |
Rate-hike selloffLate 2018 | -20.79%Dec 2018 | 3mo 1d | 6mo 13d | 9mo 14dSep 2018 - Jul 2019 |
Drawdown Indicators
| PVMIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.76% | -56.78% | +0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.37% | -9.10% | +1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -16.78% | -18.90% | +2.12% |
Max Drawdown (5Y)Largest decline over 5 years | -17.05% | -25.43% | +8.38% |
Max Drawdown (10Y)Largest decline over 10 years | -41.34% | -33.92% | -7.42% |
Current DrawdownCurrent decline from peak | -1.82% | -1.80% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -10.71% | +3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 2.03% | +0.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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