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.
Fund Family Principal Funds
Category Small Value
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PPVIX
Share Class Institutional Class
Index Russell 2000 Value TR
PPVIX had a total return of 22.68% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.25%.
