The Principal Small-MidCap Dividend Income Fund Class A is a mutual fund designed to provide investors with current income alongside long-term growth of income and capital. The fund primarily invests at least 80% of its net assets, including any borrowings for investment, in dividend-paying equity securities issued by companies with small to medium market capitalizations. This focus targets firms that are not only consistent dividend payers but also those with the potential to grow their dividends over time, aiming to balance income generation with capital appreciation. The fund is managed with a quality-first mentality, emphasizing the selection of strong companies while avoiding value traps, and maintains a sector-neutral approach to help mitigate market risk. Its portfolio includes a diversified mix across both U.S. and select foreign issuers, as well as real estate investment trusts. The Principal Small-MidCap Dividend Income Fund Class A distributes dividends quarterly, and its strategy is closely benchmarked against the Russell 2500 Value Index, making it a significant option for investors seeking exposure to dividend-focused small- and mid-cap equities within the broader value segment of the equity market.