PHASX — MidCap Growth Fund III
Data updated: 2025-09-24
PHASX — MidCap Growth Fund III. United States Mid Cap Growth Equity · $242.57M AUM · 1.68% expense ratio. Holdings, fees, performance and SEC filings.
PHASX Fund Overview
PHASX — MidCap Growth Fund III is a US mutual fund managed by Principal Funds, Inc., categorised as United States Mid Cap Growth 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 Growth Equity
- Assets under management: $242.57M
- 1-year return: 24.1%
- Ticker: PHASX
- SEC CIK: 0000898745
- SEC series ID: S000007125
- Share class ID: C000019479
PHASX Investment Objective and Strategy
MidCap Growth Fund III 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 Growth Index (as of December 31, 2017 , this range was between approximately $1.2 billion and $36.7 billion ). The Fund invests in growth equity securities; growth orientation emphasizes buying equity securities of companies whose potential for growth of capital and earnings is expected to be above average. 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 Growth 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.
PHASX Holdings
Top 10 holdings of MidCap Growth Fund III by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Hilton Worldwide Holdings Inc | 2.11% |
| DraftKings Inc | 1.88% |
| Principal Government Money Market Fund - Class R-6 | 1.86% |
| Casey's General Stores Inc | 1.85% |
| Royal Caribbean Cruises Ltd | 1.76% |
| Vertiv Holdings Co | 1.76% |
| Tyler Technologies Inc | 1.76% |
| Datadog Inc | 1.74% |
| Monolithic Power Systems Inc | 1.66% |
| Dexcom Inc | 1.59% |
PHASX Portfolio Allocation
Asset-class allocation of MidCap Growth Fund III by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.2% |
| Cash & Equivalents | 2.0% |
PHASX Performance
Total returns for PHASX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 24.1% |
| 3 years (annualised) | -4.2% |
| 5 years (annualised) | 8.2% |
PHASX Risk Information
Risk metrics for PHASX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.2%
PHASX Costs and Fees
PHASX costs about $168 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.68%
- Gross expense ratio: 1.70%
- Portfolio turnover: 55%
- Brokerage commissions: 4.09 bps of average net assets (SEC N-CEN)
PHASX Cashflows
Over the 12 months to 2025-07, MidCap Growth Fund III had net outflows of $345.51M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-07 | −$5.54M |
| 2025-06 | −$6.32M |
| 2025-05 | −$3.68M |
| 2025-04 | −$2.48M |
| 2025-03 | −$7.00M |
| 2025-02 | −$438.40K |
PHASX Debt Constituents
No individual debt constituents are reported in MidCap Growth Fund III's latest SEC N-PORT filing.
PHASX Prospectus and SEC Filings
Official MidCap Growth Fund III filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-02-26
- Prospectus (485BPOS) — filed 2024-02-27
- Prospectus (485BPOS) — filed 2023-02-27
- Portfolio holdings (N-PORT) — filed 2025-09-24
- Portfolio holdings (N-PORT) — filed 2025-06-23
- Portfolio holdings (N-PORT) — filed 2025-03-25
- Annual census (N-CEN) — filed 2025-01-13
- Annual census (N-CEN) — filed 2024-01-12
Related Funds
Other United States Mid Cap Growth 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.