Principal Global Multi-Strategy Fund (PSMIX)
The investment seeks to achieve long-term capital appreciation with an emphasis on positive total returns and managing volatility. The fund invests in a broad range of instruments including, but not limited to, equities, bonds, currencies, commodities, convertible securities, and bank loans. Under normal market conditions, it invests in securities of issuers located throughout the world, including the U.S., invests at least 30% of its net assets in foreign and emerging market securities, and holds investments tied economically to at least twenty countries.
Fund Info
| ISIN | US74255L6965 |
|---|---|
| CUSIP | 74255L696 |
| Issuer | Principal |
| Inception Date | Oct 23, 2011 |
| Category | Multistrategy |
| Min. Investment | $0 |
| Asset Class | Alternatives |
Expense Ratio
PSMIX has a high expense ratio of 1.63%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: PSMIX vs. GFSYX, PSMIX vs. TMSRX, PSMIX vs. QIS, PSMIX vs. QDSIX, PSMIX vs. MAFIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Principal Global Multi-Strategy Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Principal Global Multi-Strategy Fund had a return of 8.66% year-to-date (YTD) and 10.35% in the last 12 months. Over the past 10 years, Principal Global Multi-Strategy Fund had an annualized return of 1.70%, while the S&P 500 had an annualized return of 11.39%, indicating that Principal Global Multi-Strategy Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.66% | 25.48% |
| 1 month | 0.36% | 2.14% |
| 6 months | 2.73% | 12.76% |
| 1 year | 10.35% | 33.14% |
| 5 years (annualized) | 3.09% | 13.96% |
| 10 years (annualized) | 1.70% | 11.39% |
Monthly Returns
The table below presents the monthly returns of PSMIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.15% | 2.00% | 2.15% | -0.91% | 1.11% | 0.36% | 0.73% | 0.36% | 1.17% | -1.07% | 8.66% | ||
| 2023 | 2.08% | -0.39% | -0.97% | 0.89% | -0.29% | 2.15% | 1.15% | 0.00% | -0.19% | -0.85% | 2.11% | 0.79% | 6.59% |
| 2022 | -0.09% | -0.78% | 2.19% | -1.11% | 0.09% | -3.64% | 1.26% | -0.27% | -2.22% | 2.64% | 1.24% | -6.42% | -7.23% |
| 2021 | -0.26% | 0.88% | 0.88% | 1.91% | 1.02% | 0.00% | 0.08% | 0.76% | -1.51% | 1.02% | -1.18% | -1.45% | 2.11% |
| 2020 | -0.09% | -1.73% | -7.79% | 2.62% | 3.24% | 1.42% | 2.34% | 1.83% | -0.81% | -0.54% | 2.82% | 2.23% | 5.12% |
| 2019 | 1.97% | 0.68% | 0.58% | 1.05% | -0.66% | 1.90% | 0.37% | 0.00% | 0.09% | 0.28% | 0.93% | 0.73% | 8.18% |
| 2018 | 1.33% | -2.18% | -0.80% | 0.18% | -0.18% | -0.09% | 0.81% | 0.18% | 0.53% | -2.13% | -0.45% | -6.13% | -8.79% |
| 2017 | 0.92% | 1.18% | 0.18% | 0.27% | 0.72% | -0.18% | 1.16% | 0.09% | 0.53% | 0.79% | 0.26% | -1.57% | 4.38% |
| 2016 | -0.94% | -0.38% | 1.15% | 0.28% | 0.28% | 0.75% | 1.12% | 0.37% | 0.18% | -0.64% | 0.37% | 0.71% | 3.28% |
| 2015 | 0.73% | 1.27% | 0.27% | -0.27% | 0.63% | -1.24% | 0.54% | -1.70% | -0.73% | 0.83% | 0.00% | -3.01% | -2.74% |
| 2014 | -0.74% | 1.39% | -0.27% | -0.00% | 1.10% | 0.73% | -0.54% | 1.00% | -0.72% | 0.36% | 1.62% | -1.85% | 2.04% |
| 2013 | 1.25% | 0.19% | 0.19% | 0.85% | 0.38% | -1.31% | 0.66% | -0.85% | 1.14% | 0.66% | 1.03% | 0.40% | 4.65% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PSMIX is 73, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Principal Global Multi-Strategy Fund (PSMIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Principal Global Multi-Strategy Fund provided a 3.23% dividend yield over the last twelve months, with an annual payout of $0.37 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.37 | $0.60 | $0.07 | $0.19 | $0.00 | $0.16 | $0.09 | $0.02 | $0.09 | $0.10 | $0.03 |
Dividend yield | 3.23% | 3.51% | 5.93% | 0.61% | 1.68% | 0.00% | 1.55% | 0.78% | 0.16% | 0.84% | 0.93% | 0.30% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.60 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2013 | $0.03 | $0.03 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 15.71%, occurring on Mar 23, 2020. Recovery took 178 trading sessions.
The current Principal Global Multi-Strategy Fund drawdown is 0.18%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.71% | Dec 19, 2017 | 567 | Mar 23, 2020 | 178 | Dec 3, 2020 | 745 |
| -11.44% | Nov 17, 2021 | 332 | Mar 15, 2023 | 256 | Mar 21, 2024 | 588 |
| -8.07% | Apr 13, 2015 | 212 | Feb 11, 2016 | 307 | May 2, 2017 | 519 |
| -3.66% | Jul 17, 2024 | 14 | Aug 5, 2024 | 32 | Sep 19, 2024 | 46 |
| -2.87% | May 22, 2013 | 23 | Jun 24, 2013 | 107 | Nov 22, 2013 | 130 |
Volatility
Volatility Chart
The current Principal Global Multi-Strategy Fund volatility is 1.35%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.