Principal SmallCap S&P 600 Index Fund (PSSMX)

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The chart shows the growth of an initial investment of $10,000 in Principal SmallCap S&P 600 Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Principal SmallCap S&P 600 Index Fund (PSSMX) has returned 0.51% so far this year and 16.53% over the past 12 months. Over the last ten years, PSSMX has returned 9.60% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 2, 2001, PSSMX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, your investment would double in approximately 6.7 years.

Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +18.1%, while the worst month was Mar 2020 at -22.5%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.

On a daily basis, PSSMX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +9.0%, while the worst single day was Mar 12, 2020 at -11.4%.

Principal SmallCap S&P 600 Index Fund has an annualized alpha of 2.85%, beta of 1.03, and R² of 0.73 versus S&P 500 Index. Calculated based on daily prices since January 03, 2001.

• This fund captured 118.00% of S&P 500 Index gains and 105.53% of its losses — amplifying both gains and losses, but participating more in upside than downside.
• This fund generated an annualized alpha of 2.85% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• With beta of 1.03 and R² of 0.73, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

PSSMX has an expense ratio of 0.73%, placing it in the medium range.

PSSMX ranks 33 for risk / return — below 33% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Principal SmallCap S&P 600 Index Fund (PSSMX) and compare them to a chosen benchmark (S&P 500 Index).

Principal SmallCap S&P 600 Index Fund provided a 9.93% dividend yield over the last twelve months, with an annual payout of $2.54 per share.

The table displays the monthly dividend distributions for Principal SmallCap S&P 600 Index 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 SmallCap S&P 600 Index 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 SmallCap S&P 600 Index Fund was 58.43%, occurring on Mar 9, 2009. Recovery took 488 trading sessions.

The current Principal SmallCap S&P 600 Index Fund drawdown is 8.40%.

The chart below shows the rolling one-month volatility.