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Principal GI US Equity

Ranked 10 out of 37 in - US over 12 months
All calculations are in GBP unless stated

Managed by

Joel Fortney

Mustafa Sagun

Mustafa Sagun is chief investment officer for Principal Global Equities. He is responsible for overseeing portfolio management and research for all international, domestic, and global equities strategies. Mustafa has managed global equity portfolios since 2002 and has also served as a member of the firm's asset allocation strategy team. He joined the firm in 2000 and has been in the financial services industry since 1991. Prior to his current role, Mustafa was a vice president and analyst for PNC Financial Services Group and an equity derivatives specialist for Salomon Brothers. Mustafa received a Ph.D. in finance and a MA in international economics from the University of South Florida. He received a bachelor's degree in electrical and electronics engineering from Bogazici University of Turkey. Mustafa has earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Iowa.

Jeff Schwarte

Jeff Schwarte is a portfolio manager at Principal Global Equities. He serves as a portfolio manager for US large-cap and mid- cap strategies. Jeff co-leads and is an active contributor to the firm's global research and development team, responsible for model development and testing, proprietary technologies, risk management analytics and systematic strategies. He joined the equities group in 2000 as an analyst, and named a portfolio manager in 2001. He has been with Principal since 1993, holding various positions with the firm such as investment accountant and auditor. He received a bachelor's degree in accounting from the University of Northern Iowa. Jeff has earned the right to use the Chartered Financial Analyst designation. He is a Certified Internal Auditor and a Fellow of the Life Management Institute (FLMI). Jeff is a member of the CFA Society of Iowa and the CFA Institute.

Objective

The investment objective of the Fund is to seek capital growth over the medium to long term. The Fund seeks to achieve its objective by investing principally in the equity securities of companies domiciled or with their core business in the United States, which the Investment Adviser believes are mis-priced by the market and have the potential for significant growth.

Showing fund performance in Jersey View performance globally

Performance

US over : 30/09/2017 - 30/09/2018
  • Rank 10/37 Total Return
  • Rank 32/37 Standard Deviation
  • Rank 35/37 Max Drawdown

Total Return

Quarterly Performance

to 30/09/2018 Annual Q1 Q2 Q3 Q4
2018 -7.0% 11.8% 10.0%
2017 9.9% 3.3% -1.7% 1.6% 6.6%
2016 24.8% 0.1% 6.5% 5.5% 11.0%
2015 4.5% 5.9% -6.3% -4.3% 10.0%
2014 19.7% -0.1% 2.9% 7.0% 8.8%
2013 29.5% 19.3% 1.3% -0.7% 7.9%
2012 6.6% 9.4% -4.6% 6.8% -4.4%
2011 2.2% 4.5% -1.6% -9.5% 9.8%
2010 14.3% 11.7% -11.5% 5.4% 9.8%
2009 11.1% -8.8% -0.2% 18.5% 3.0%
2008 -19.6% -12.1% -0.1% -7.4% -1.2%
2007 8.1% 0.2% 2.8% 3.2% 1.6%
2006 -0.9% 4.1% -9.5% 2.7% 2.5%
2005 26.0% 3.0% 9.0% 6.5% 5.4%
2004 9.3% 0.6% 4.0% -0.7% 5.1%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/06/2018

Top 10 Holdings

Stock Size
Apple Inc ORD 4.53%
Microsoft Corp ORD 4.31%
Facebook Inc ORD 3.69%
Amazon.com Inc ORD 3.46%
Alphabet Inc ORD 2.95%
Home Depot Inc ORD 2.85%
Cisco Systems Inc ORD 2.75%
JPMorgan Chase & Co ORD 2.55%
Berkshire Hathaway Inc ORD 2.52%
Amgen Inc ORD 2.33%
30/06/2018

Registered For Sale In

  1. Belgium
  2. Finland
  3. France
  4. Germany
  5. Guernsey
  6. Hong Kong
  7. Ireland
  8. Italy
  9. Jersey
  10. Netherlands
  11. Singapore
  12. Spain
  13. Sweden
  14. Switzerland
  15. United Kingdom

Fund Info

  • Launch date01/12/2003
  • Share Class size00Mn
  • Base currencyUSD
  • ISIN IE0033958335

Purchase Info

  • Min. initial investment10,000
  • Min. regular additional investment0

Charges

  • Annual management1.50%
  • Initial investment1.50%

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).