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74261P384

Principal International Small Cap Equity Fund

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    Principal International Small Cap Equity Fund

    Fund details

    CUSIP
    74261P384
    Benchmark
    MSCI World Ex-U.S. Small Cap NTR Index
    Fund inception date
    12/16/2016
    Dividend frequency
    Dividends Reinvested
    Minimum investment
    $100,000,000.00
    Inception date
    10/26/2020
    Investment approach
    The investment seeks long-term growth of capital. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies with small market capitalizations at the time of purchase. It invests primarily in foreign equity securities. The fund typically invests in foreign securities of more than 10 countries but has no limitation on the percentage of assets that is invested in each country or denominated in any currency.

    Performance & expenses

    As of 01/31/2025
    Name 1 month 3 month YTD 1-year 3-year 5-year 10-year Since inception Overall
    Total return 3.79% 1.32% 3.79% 6.54% 0.35% 2.13% — 5.34% —
    Morningstar rating — — — — — —
    Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
    Returns shown for periods of less than one year are not annualized.
    Please see fact sheet for fund expense ratios.

    Ratings

    Morningstar ratings

    as of 01/31/2025
    3-year
    91 funds
    5-year
    84 funds
    Overall
    91 funds
    3 year | 91 funds
    5 year | 84 funds
    Overall | 91 funds

    Holdings

    Top 10

    as of 12/31/2024
    % of Assets
    % of Assets
    1. CELESTICA INC COMMON STOCK
    1.29%
    2. BANCA MONTE DEI PASCHI SIENA C
    1.10%
    3. BAWAG GROUP AG COMMON STOCK
    1.05%
    4. INTERMEDIATE CAPITAL GROUP COM
    1.01%
    5. PSP SWISS PROPERTY AG REG COMM
    1.00%
    6. BEAZLEY PLC COMMON STOCK GBP.0
    0.98%
    7. CAPITAL POWER CORP COMMON STOC
    0.97%
    8. BRITISH LAND CO PLC REIT GBP.2
    0.96%
    9. BRUNELLO CUCINELLI SPA COMMON
    0.91%
    10. IMI PLC COMMON STOCK GBP.2857
    0.88%
    The holdings listed do not constitute a recommendation to purchase or sell a particular security. Cash and/or derivative positions that are not part of the core investment strategy will not be reflected in the top holdings list.
    May not reflect current holdings or allocations.

    Portfolio management

    Tiffany Lavastida, CFA
    29 years of experience
    Brian Pattinson, CFA
    31 years of experience

    Literature

    Investment materials

    Disclosures
    The collective investment trust named above (the CIT) is a collective investment trust maintained by Principal Global Investors Trust Company (the Trust Company). The Trust Company has retained Principal Global Investors LLC (the Advisor), to serve as investment advisor with respect to the CIT, subject to the Trust Company’s supervision and review. The Advisor is an indirect wholly owned subsidiary of Principal Financial Group, Inc., and is under common control with the Trust Company.
    The CIT is not a mutual fund and is not registered with the Securities and Exchange Commission, the State of Oregon, or any other regulatory body. Units of the CIT are not deposits or obligations of, guaranteed by, or insured by the Trust Company or any affiliate, and are not insured by the FDIC or any other federal or state government agency. The value of the CIT will fluctuate so that when redeemed, units may be worth more or less than the original cost.
    The CIT is available only to certain qualified retirement plans and governmental 457(b) plans.
    The declaration of trust, participation agreement, and disclosure documents contain important information about investment objectives, risks, fees and expenses associated with investment in the Fund and should be read carefully before investing.
    These calculated returns reflect the historical performance of the oldest share class of the Fund, adjusted to reflect the fees and expenses of the share class shown. Please see the Fund's prospectus for more information on specific expenses and see the Fund's most recent shareholder report for the actual date of first sale. Expenses are deducted from income earned by the Fund. As a result, dividends and investment results will differ for each share class.
    The holdings listed do not constitute a recommendation to purchase or sell a particular security. Cash and/or derivative positions that are not part of the core investment strategy will not be reflected in the top holdings list.
    NOT FDIC INSURED - MAY LOSE VALUE - NO BANK GUARANTEE
    International investing involves greater risks such as currency fluctuations, political/social instability, and differing accounting standards.
    Morningstar percentile rankings are based on total returns and do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.
    Performance assumes reinvestment of all dividends and capital gains.
    The MSCI World ex USA Small Cap Index captures small cap representation across 22 of 23 Developed Markets (DM) countries* (excluding the United States). With 2,591 constituents, the index covers approximately 14% of the free float-adjusted market capitalization in each country.
    Small- and mid-cap stocks may have additional risks including greater price volatility.
    © 2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
    The Morningstar Medalist Rating™ is the summary expression of Morningstar’s forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. The Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investment products are evaluated on three key pillars (People, Parent, and Process) which, when coupled with a fee assessment, forms the basis for Morningstar’s conviction in those products’ investment merits and determines the Medalist Rating they’re assigned. Pillar ratings take the form of Low, Below Average, Average, Above Average, and High. Pillars may be evaluated via an analyst’s qualitative assessment (either directly to a vehicle the analyst covers or indirectly when the pillar ratings of a covered vehicle are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by their expected performance into rating groups defined by their Morningstar Category and their active or passive status. When analysts directly cover a vehicle, they assign the three pillar ratings based on their qualitative assessment, subject to the oversight of the Analyst Rating Committee, and monitor and reevaluate them at least every 14 months. When the vehicles are covered either indirectly by analysts or by algorithm, the ratings are assigned monthly. For more detailed information about these ratings, including their methodology, please go to https://shareholders.morningstar.com/investor-relations/governance/Compliance--Disclosure/default.aspx.
    The Morningstar Medalist Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to such things as unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment product. A change in the fundamental factors underlying the Morningstar Medalist Rating can mean that the rating is subsequently no longer accurate.
    The Analyst-Driven % data point displays the weighted percentage of a vehicle’s pillar ratings assigned directly or indirectly by analysts.
    The Data Coverage % data point is a summary metric describing the level of data completeness used to generate the overall rating.