Principal MidCap Institutional (PCBIX - Free Report) a Zacks Rank #2 (Buy) seeks long-term growth by investing primarily in common stocks and other equity securities of medium capitalization companies that the managers believes offer above-average growth potential or has stock that is undervalued.

This Mid Growth fund, as of the last filing, allocates their fund in three major groups; Large Growth, Small Value and Foreign Stock. As of the last filing, Brookfield Asset Management (BAM), SBA Communications Corp. (SBAC) and Markel Corp. (MKL) were the top holdings for PCBIX.

The Principal MidCap Institutional fund, managed by Principal Fin, carries an expense ratio of 0.68%.

PCBIX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 10.26%, 3 year 8.04% and 5 year 14.96%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here .

PCBIX’s performance, as of the last filing, when compared to funds in its category was in the top 37% in 1 year, top 14% over the past 3 years, and in the 10% over the past 5 years.