Principal Global Multi-Strategy Fund (PSMIX)

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Principal Global Multi-Strategy Fund (PSMIX) is up 5.8% since the beginning of the year. PSMIX is currently trading at $12 per share. Investors who bought $1,000 worth of PSMIX shares 5 years ago would now be looking at an investment worth $1,345.

Principal Global Multi-Strategy Fund (PSMIX) has returned 5.75% so far this year and 12.67% over the past 12 months. Over the last ten years, PSMIX has returned 5.12% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.

Based on dividend-adjusted daily data since Nov 1, 2011, PSMIX's average daily return is +0.03%, while the average monthly return is +0.38%. At this rate, an investment would double in approximately 15.2 years.

Historically, 68% of months were positive and 32% were negative. The best month was May 2020 with a return of +3.2%, while the worst month was Mar 2020 at -7.8%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 3 months.

On a daily basis, PSMIX closed higher 47% of trading days. The best single day was Aug 24, 2017 with a return of +107.7%, while the worst single day was Aug 25, 2017 at -51.8%.

Principal Global Multi-Strategy Fund has an annualized alpha of 6.19%, beta of 0.18, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since November 01, 2011.

• This fund participated in 25.99% of S&P 500 Index downside but only 25.61% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.18 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PSMIX has a high expense ratio of 1.63%, indicating above-average management fees.

PSMIX ranks 97 for risk / return — above 97% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.

Principal Global Multi-Strategy Fund provided a 5.23% dividend yield over the last twelve months, with an annual payout of $0.64 per share.

The table displays the monthly dividend distributions for Principal Global Multi-Strategy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Principal Global Multi-Strategy Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Principal Global Multi-Strategy Fund was 55.50%, occurring on Mar 23, 2020. The portfolio has not yet recovered.

The current Principal Global Multi-Strategy Fund drawdown is 24.52%.

The chart below shows the rolling one-month volatility.