Principal Global Multi-Strategy Instl (PSMIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
11.91
+0.04 (0.34%)
Sep 11, 2025, 4:00 PM EDT
0.34%
Fund Assets429.67M
Expense Ratio1.70%
Min. Investment$0.00
Turnover146.90%
Dividend (ttm)0.00
Dividend Yield0.03%
Dividend Growth-50.23%
Payout Frequencyn/a
Ex-Dividend DateDec 27, 2024
Previous Close11.87
YTD Return7.01%
1-Year Return8.98%
5-Year Return34.21%
52-Week Low10.81
52-Week High11.91
Beta (5Y)0.29
Holdings3102
Inception DateOct 24, 2011

About PSMIX

Principal Global Multi-Strategy Fund Institutional Class is an open-end mutual fund designed to pursue long-term capital appreciation while emphasizing positive total returns and controlled volatility. The fund employs a diversified, alternatives-led approach that blends multiple strategies and managers across global markets, seeking low to modest correlation with traditional asset classes. It invests broadly in equities, fixed income, currencies, commodities, convertible securities, and bank loans, with a mandate to allocate at least 30% of net assets to foreign and emerging markets and maintain exposures tied economically to at least twenty countries. The portfolio is managed by an experienced team and benchmarks its results against the HFRX Global Hedge Fund Index, aligning its objective with multi-strategy alternative peers. Positioned within the Multi-Strategy category, the fund’s role in the market is to provide diversified alternative exposure in a single vehicle, offering institutional investors a consolidated way to access multiple risk premia and tactical allocations aimed at smoothing return patterns through varying market cycles.

Fund Family Principal Funds
Category Multistrategy
Stock Exchange NASDAQ
Ticker Symbol PSMIX
Share Class Institutional Class
Index Index is not available on Lipper Database

Performance

PSMIX had a total return of 8.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.25%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
PGLSXR-61.65%
PMSAXClass A2.18%

Top 10 Holdings

52.56% of assets
NameSymbolWeight
Principal Government Money Market R-6PGWXX18.35%
Future on Euron/a6.16%
Future on 5 Year Treasury Noten/a5.76%
3 Month Sofr Fut Dec26n/a4.98%
CASH & RECEIVABLESn/a3.88%
Korea 3Yr Bnd Fut Sep25n/a3.19%
Short Euro-Btp Fu Sep25n/a2.82%
Euro Future June 26n/a2.56%
Canada (Government of) 0%CTB.0 03.25.042.44%
CURRENCY CONTRACT - USD Purchasedn/a2.44%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Dec 27, 2024$0.1776Dec 27, 2024
Dec 19, 2024$0.0038Dec 19, 2024
Dec 27, 2023$0.3645Dec 27, 2023
Dec 28, 2022$0.5983Dec 28, 2022
Dec 20, 2022$0.6227Dec 20, 2022
Dec 29, 2021$0.0704Dec 29, 2021
Full Dividend History