Principal Global Multi-Strategy Fund Institutional Class Shares (PSMIX)

Fund Assets	639.06M
Expense Ratio	1.53%
Min. Investment	$0.00
Turnover	138.70%
Dividend (ttm)	0.32
Dividend Yield	2.55%
Dividend Growth	78.43%
Payout Frequency	n/a
Ex-Dividend Date	Dec 29, 2025

Previous Close	12.43
YTD Return	6.78%
1-Year Return	9.13%
5-Year Return	35.37%
52-Week Low	11.65
52-Week High	12.51
Beta (5Y)	0.29
Holdings	2991
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.

• Fund Family: Principal Funds
• Category: Multistrategy
• Performance Rating: Above Average
• Risk Rating: Average
• 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 9.13% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.61%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PGLSX	R-6	1.33%
PMSAX	Class A	1.78%

Top 10 Holdings

68.95% of assets

Name	Symbol	Weight
Cash Offset	n/a	31.62%
Principal Government Money Market R-6	PGWXX	21.62%
RECV TOTAL RETURN SWAP	n/a	3.97%
United States Treasury Bills	B.0 05.13.27	2.09%
United States Treasury Bills	B.0 04.15.27	1.91%
United States Treasury Bills	B.0 07.08.27	1.89%
Euro Bobl Future Dec 26	n/a	1.62%
5 Year Treasury Note Future Dec 26	n/a	1.57%
CURRENCY CONTRACT - SEK Purchased	n/a	1.42%
CURRENCY CONTRACT - CNH Purchased	n/a	1.24%

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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 20, 2026

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