Principal Financial Group issued the following announcement on March 6.

Principal Global Investors® has been recognized as a 2020 U.S. Refinitiv Lipper Fund Awards recipient, with the Principal Blue Chip Fund (Class I: PBCKX) being named the best U.S. large-cap growth fund over the most recent five-year period.

The honor was announced on Thursday in New York at the Refinitiv Lipper Fund Awards 2020 United States ceremony. Funds and fund management firms earning recognition in 2020 have consistently provided strong, risk-adjusted three-, five- and 10-year performance relative to their peers.

“We are honored to be a Refinitiv Lipper Fund Award winner,” said Kamal Bhatia, president and CEO of Principal Funds. “Principal Funds has great investment solutions for investors globally and our blue chip fund is certainly deserving of this recognition as a top performing equity fund year-after-year.”

More than $5 billion of assets are being managed in the Principal Blue Chip Fund. It is managed by Aligned Investors, an investment team within Principal Global Investors that also manages another $18 billion in the Principal MidCap Fund. Bill Nolin has overseen both funds since their inceptions as the lead portfolio manager. Tom Rozycki started co-managing the Principal Blue Chip Fund in December 2012 and the Principal MidCap Fund in March 2013.

“Since the fund’s inception, we have invested in businesses that have great competitive advantages and owner-operator management teams,” Nolin said. “We continue to believe our long-term approach with a focus on aligned incentives is the best way to deliver attractive returns for our investors.”

A leading global research firm, Refinitiv Lipper uses proprietary methodology to generate an independent and uncompromised assessment of fund performance for its annual awards. The merit of the winners is based on objective, quantitative criteria. Get more information about the Refinitiv Lipper Fund Awards 2020 rankings and methodology.

Original source: https://www.principal.com/about-us/news-room/news-releases/principal-blue-chip-fund-earns-best-5-year-us-large-cap-growth-award