Principal Global Multi-Strategy Fund Institutional Class Shares (PSMIX)
| Fund Assets | 502.89M |
| Expense Ratio | 1.47% |
| Min. Investment | $0.00 |
| Turnover | 138.70% |
| Dividend (ttm) | 0.18 |
| Dividend Yield | 1.52% |
| Dividend Growth | 254.91% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 29, 2025 |
| Previous Close | 11.83 |
| YTD Return | 1.72% |
| 1-Year Return | 10.77% |
| 5-Year Return | 34.63% |
| 52-Week Low | 10.27 |
| 52-Week High | 11.90 |
| Beta (5Y) | 0.30 |
| Holdings | 3780 |
| Inception Date | Oct 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.
Performance
PSMIX had a total return of 10.77% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.75%.
Top 10 Holdings
45.81% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal Government Money Market R-6 | PGWXX | 16.65% |
| 3 Month SOFR Future Mar 27 | n/a | 4.96% |
| 5 Year Treasury Note Future Mar 26 | n/a | 4.47% |
| 2 Year Treasury Note Future Mar 26 | n/a | 4.07% |
| Short Euro-Btp Fu Dec25 | n/a | 3.24% |
| CASH & RECEIVABLES | n/a | 3.11% |
| 3 Month SOFR Future Dec 26 | n/a | 2.85% |
| Euro Future June 26 | n/a | 2.48% |
| Euro Future Mar 26 | n/a | 2.01% |
| ICE CREDIT DEFAULT SWAP | n/a | 1.97% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 29, 2025 | $0.3169 | Dec 29, 2025 |
| Dec 18, 2025 | $0.3269 | Dec 18, 2025 |
| Dec 27, 2024 | $0.1776 | Dec 27, 2024 |
| Dec 19, 2024 | $0.0038 | Dec 19, 2024 |
| Dec 27, 2023 | $0.3645 | Dec 27, 2023 |
| Dec 28, 2022 | $0.5983 | Dec 28, 2022 |