Principal Large Cap Growth APRGWX

Morningstar Rating

Fund Research and Analysis

by David Kathman, CFA

Principal Large Cap Growth's recent tough stretch is no reason to panic.

Manager Tony Rizza took over this fund in early 2005 after Principal bought his employer, Columbus Circle Investors, but he has been managing a separate account in the same style for more than a decade. Read more

Kudos

Manager has achieved a solid long-term record as a large-cap growth investor.

Diversified portfolio means the fund isn't likely to be hurt too much by the collapse of any single sector. Read more

Risks

Momentum-based strategy courts volatility. Read more

Strategy

Manager Tony Rizza uses a fundamentally driven momentum-based strategy on this fund. He and his analysts identify six to eight key factors for each company (such as sales or earnings growth), and he will only own a stock if it has been exceeding expectations in most of those factors. Read more

Management

On Jan. 3, 2005, Tony Rizza became the manager of this fund after his employer, Columbus Circle Investors, was bought by the fund's advisor, Principal Global Investors. Rizza has been with CCI since 1991, where he managed PIMCO RCM Innovation from its 1994 inception to March 1999. Read more

Inside Scoop

This fund's manager employs a momentum-based strategy with some safeguards in place. He has had some success in the past, and so far he has done a good job with this fund. Read more

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