PABUX — MidCap Value Fund I
Data updated: 2026-09-25
PABUX — MidCap Value Fund I. United States Mid Cap Value Equity · $2.48B AUM · 1.39% expense ratio. Holdings, fees, performance and SEC filings.
PABUX Fund Overview
PABUX — MidCap Value Fund I is a US mutual fund managed by Principal Funds, Inc., categorised as United States Mid Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Principal Funds, Inc.
- Category: United States Mid Cap Value Equity
- Assets under management: $2.48B
- 1-year return: 44.6%
- Ticker: PABUX
- SEC CIK: 0000898745
- SEC series ID: S000007173
- Share class ID: C000019613
PABUX Investment Objective and Strategy
MidCap Value Fund I describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Principal Funds, Inc..
Investment objective
The Fund seeks long-term growth of capital.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies with medium market capitalizations at the time of purchase. For this Fund, companies with medium market capitalizations are those with market capitalizations within the range of companies comprising the Russell Midcap Value Index (as of December 31, 2017 , the range was between approximately $1.1 billion and $36.7 billion ). The Fund invests in value equity securities, an investment strategy that emphasizes buying equity securities that appear to be undervalued. The Fund also invests in real estate investment trusts. Principal Global Investors, LLC invests up to 30% of the Fund's assets in equity securities in an attempt to match or exceed the performance of the Russell Midcap Value Index by purchasing securities in the index while slightly overweighting and underweighting certain individual equity securities relative to their weight in the index.
The Fund's remaining assets are managed by the sub-advisors.
PABUX Holdings
Top 10 holdings of MidCap Value Fund I by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Principal Funds, Inc - Government Money Market Fund - Class R-6 | 1.76% |
| Archer-Daniels-Midland Co | 1.59% |
| Labcorp Holdings Inc | 1.46% |
| Keysight Technologies Inc | 1.44% |
| Raymond James Financial Inc | 1.32% |
| Halliburton Co | 1.27% |
| Hartford Insurance Group Inc/The | 1.13% |
| Packaging Corp of America | 1.08% |
| US Foods Holding Corp | 1.04% |
| CH Robinson Worldwide Inc | 1.03% |
PABUX Portfolio Allocation
Asset-class allocation of MidCap Value Fund I by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.6% |
| Cash & Equivalents | 1.8% |
PABUX Performance
Total returns for PABUX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 44.6% |
PABUX Risk Information
Risk metrics for PABUX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.4%
PABUX Costs and Fees
PABUX costs about $139 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.39%
- Gross expense ratio: 1.41%
- Portfolio turnover: 80%
- Brokerage commissions: 5.86 bps of average net assets (SEC N-CEN)
PABUX Cashflows
Over the 12 months to 2026-04, MidCap Value Fund I had net outflows of $247.56M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$39.23M |
| 2026-03 | −$6.54M |
| 2026-02 | −$13.13M |
| 2026-01 | −$27.25M |
| 2025-12 | $109.10M |
| 2025-11 | −$21.41M |
PABUX Debt Constituents
No individual debt constituents are reported in MidCap Value Fund I's latest SEC N-PORT filing.
PABUX Prospectus and SEC Filings
Official MidCap Value Fund I filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-02-26
- Prospectus (485BPOS) — filed 2024-02-27
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-25
- Annual census (N-CEN) — filed 2026-01-14
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Other United States Mid Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.