About PMSAX
Principal Global Multi-Strategy Fund Class A is an open-end mutual fund designed to pursue long-term capital appreciation with an emphasis on delivering positive total returns while managing volatility. The fund allocates across a diversified mix of asset classes and instruments—including equities, fixed income, currencies, commodities, convertible securities, bank loans, and derivatives—and typically invests globally with meaningful exposure to foreign and emerging markets. It benchmarks against the HFRX Global Hedge Fund Index, reflecting its alternative, multi-strategy orientation that can incorporate arbitrage, leverage, and long/short techniques. Managed by an experienced team, the portfolio blends multiple underlying strategies and managers to smooth return patterns and reduce dependence on any single market driver. The fund’s structure and toolkit allow it to navigate varying market regimes, seeking risk-managed participation in growth assets while utilizing alternative strategies to moderate drawdowns and dampen overall portfolio volatility. Established in 2011, it targets a broad investor base looking to complement traditional stock and bond holdings with a multi-asset, alternative core that aims for consistency across cycles.
Fund Family Principal Funds
Category Multistrategy
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PMSAX
Share Class Class A
Index Index is not available on Lipper Database
PMSAX had a total return of 7.91% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.10%.
