What does it mean to Join S&P MidCap 400?

The S&P MidCap 400 Index tracks the performance of companies considered to be in the mid-range of market capitalization of $3.6 billion and $13.1 billion. This distinction sets them apart from large-cap companies. In order to be eligible, companies must: Be U.S.-based. Have a minimum investable weight factor of 0.10.

Is there a Mid Cap index Fund?

While there are a few ETFs and open-end funds mirroring this index, we suggest buying into Motilal Oswal Nifty Midcap 150 Index Fund, given its longer record and competitive costs.

Is principal a mutual fund company?

Headquartered in Des Moines, Iowa, Principal Funds is the mutual fund distributor for the Principal Financial Group (ticker: PFG) and boasts more than 130 years of experience in the investing space.

How many stocks are in the MidCap index?

The S&P MidCap 400 Index is a stock index that tracks the performance of 400 mid-sized U.S. companies. The focus on mid-sized companies distinguishes it from the more popular S&P 500 (which tracks large companies).

Which is better mid-cap or index fund?

Risk-Profile: While low-risk profile investors usually prefer index funds, mid-cap funds are typically preferred by Moderate, Aggressive and Growth Investors. Market Volatility: The active management of mid-cap funds make them more volatile. However, these funds do have a higher return potential in a bull market.

Are mid-cap funds risky?

In terms of their investing attributes, mid-cap stocks typically are less risky, experience less volatility and may have less growth potential than small-caps—but they are more risky, experience more volatility and have higher potential gains than large-cap stocks.

Who is principal owned by?

Principal Financial Group is not owned by hedge funds. The company’s largest shareholder is The Vanguard Group, Inc., with ownership of 11%. BlackRock, Inc. is the second largest shareholder owning 8.1% of common stock, and Capital Research and Management Company holds about 5.8% of the company stock.