SmallCap Fund
Principal Funds, Inc · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
SmallCap Fund is an actively managed U.S. equity fund. 42% of PSBMX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 90% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q1
The Fund seeks long-term growth of capital.
The fund invests at least 80% of its net assets in equity securities of small-capitalization companies within the Russell 2000 Index range, selecting those with improving business fundamentals, rising investor expectations, and attractive valuations relative to peers.
| Share class | Gross | Net |
|---|---|---|
| PSBMX | 1.30% | 1.30% |
| PSBPX | 0.99% | 0.99% |
| PSLIX | 0.88% | 0.85% |
| PSBJX | 0.97% | 0.97% |
| PLLAX | 1.11% | 1.11% |
| PSMLX | 0.73% | 0.73% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 31.40% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.71% |
| Cash & short-term | 1.60% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Industrials | 18.5% |
| Information Technology | 17.5% |
| Financials | 16.2% |
| Health Care | 15.5% |
| 9 smaller | 32.3% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| — | — | — | — | — | |
| +39.42% | +49.04% | +25.62% | 15.44% | -17.58% | |
| +39.82% | +50.40% | +27.50% | 15.40% | -17.49% | |
| — | — | — | — | — | |
| +40.01% | +51.04% | +28.46% | 15.37% | -17.46% | |
| +39.90% | +50.50% | +27.68% | 15.43% | -17.50% | |
| +39.68% | +49.78% | +26.69% | 15.39% | -17.53% | |
| +40.21% | +51.57% | +29.18% | 15.44% | -17.44% |
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| AEIS | Advanced Energy Industries IncAEIS | 2.29% | $383.91 | $48.03M | 125.1K |
| SITM | SiTime CorpSITM | 2.27% | $562.15 | $47.67M | 84.8K |
| MOD | Modine Manufacturing CoMOD | 1.98% | $254.63 | $41.66M | 163.6K |
| CRDO | Credo Technology Group Holding LtdCRDO | 1.95% | $174.01 | $41.03M | 235.8K |
| INSM | Insmed IncINSM | 1.81% | $136.33 | $38.16M | 279.9K |
| ENS | EnerSysENS | 1.73% | $213.26 | $36.30M | 170.2K |
| ONB | Old National BancorpONB | 1.70% | $23.97 | $35.74M | 1.5M |
| SWX | Southwest Gas Holdings IncSWX | 1.67% | $94.05 | $35.05M | 372.7K |
| PTEN | Patterson-UTI Energy IncPTEN | 1.65% | $12.22 | $34.69M | 2.8M |
| ALGM | Allegro MicroSystems IncALGM | 1.65% | $48.50 | $34.64M | 714.3K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 18.69% of net assets, top 25 40.24%, across 112 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free