Principal SmallCap Value II Instl (PPVIX)
| Fund Assets | 1.14B |
| Expense Ratio | 0.97% |
| Min. Investment | $0.00 |
| Turnover | 73.90% |
| Dividend (ttm) | 1.28 |
| Dividend Yield | 10.56% |
| Dividend Growth | 236.88% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 20, 2024 |
| Previous Close | 12.23 |
| YTD Return | 5.14% |
| 1-Year Return | 19.71% |
| 5-Year Return | 124.79% |
| 52-Week Low | 9.30 |
| 52-Week High | 13.99 |
| Beta (5Y) | n/a |
| Holdings | 1567 |
| Inception Date | Jun 1, 2004 |
About PPVIX
Principal SmallCap Value Fund II Institutional Class is a mutual fund designed to seek long-term capital growth by investing primarily in the equity securities of small-capitalization companies in the United States. The fund targets at least 80% of its net assets in small-cap stocks that exhibit value characteristics, meaning the underlying companies are considered undervalued relative to their fundamentals such as earnings, dividends, or book value. This approach provides exposure to a broad array of industries and sectors within the small-cap segment, emphasizing companies with lower relative valuations. A unique structural feature of the fund is its core-satellite investment model. The core portion, managed by Principal Management Corporation, focuses on portfolio stability and managing risk within narrow constraints, aiming to reduce overall volatility. The satellite components, managed by sub-advisors Dimensional Fund Advisors, Vaughan Nelson, and LA Capital, seek to enhance returns and diversify risk through varied investment philosophies and wider risk parameters. This combination is intended to deliver consistent performance and minimize the risk of underperformance relative to peers. The fund is overseen by a team of experienced managers and is benchmarked against the Russell 2000 Value Index, making it a significant option within the small-cap value mutual fund category.
Performance
PPVIX had a total return of 19.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.66%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
15.97% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal Government Money Market R-6 | PGWXX | 2.61% |
| iShares Russell 2000 Value ETF | IWN | 2.55% |
| Cushman & Wakefield plc | CWK | 1.56% |
| Comerica Incorporated | CMA | 1.39% |
| Installed Building Products, Inc. | IBP | 1.38% |
| Artisan Partners Asset Management Inc. | APAM | 1.34% |
| Huntington Ingalls Industries, Inc. | HII | 1.33% |
| Red Rock Resorts, Inc. | RRR | 1.33% |
| Coherent Corp. | COHR | 1.27% |
| Cadence Bank | CADE | 1.24% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 20, 2024 | $0.1607 | Dec 20, 2024 |
| Dec 19, 2024 | $1.1154 | Dec 19, 2024 |
| Dec 21, 2023 | $0.1336 | Dec 21, 2023 |
| Dec 20, 2023 | $0.2452 | Dec 20, 2023 |
| Dec 21, 2022 | $0.0925 | Dec 21, 2022 |
| Dec 20, 2022 | $1.1431 | Dec 20, 2022 |