Principal SmallCap Fund Class J is a mutual fund focused on U.S. equities within the small-cap segment of the market. Managed by Principal Global Investors since 2001, the fund seeks long-term capital growth by investing at least 80% of its assets in equity securities of companies with small market capitalizations. The fund is categorized as "Small Blend," meaning it targets a mix of both growth and value stocks among smaller publicly traded U.S. firms. Its investment approach emphasizes identifying companies with strong and sustainable business fundamentals, rising investor expectations, and attractive relative valuations. The fund aims to provide diversified exposure across various sectors, with top holdings typically representing a modest portion of total assets to manage risk. Benchmarked against the Russell 2000 Index, Principal SmallCap Fund Class J is designed for investors looking to access the potential growth and volatility of small-cap U.S. companies, an area of the market that often offers opportunities distinct from large-cap equities.