The Principal Small-MidCap Dividend Income Fund Class C is a mutual fund focused on providing investors with current income as well as long-term growth of income and capital. The fund primarily invests at least 80% of its assets in dividend-paying equity securities of small- and mid-capitalization companies, targeting businesses recognized for their ability not only to pay but also to grow dividends over time. Its portfolio spans a range of sectors and includes both U.S. and select foreign companies, as well as real estate investment trusts. The fund employs a quality-first investment approach, aiming to avoid value traps and mitigate risk by carefully selecting resilient, dividend-growing firms while maintaining sector neutrality. This positions the fund as a vehicle for investors seeking diversified equity exposure with an emphasis on stable income and potential for capital appreciation within the small- and mid-cap market segment.