Global Multi-Strategy Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.2%
1 yr return
9.8%
3 Yr Avg Return
3.2%
5 Yr Avg Return
4.2%
Net Assets
$409 M
Holdings in Top 10
24.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.18%
SALES FEES
Front Load 3.75%
Deferred Load N/A
TRADING FEES
Turnover 289.80%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PMSAX - Profile
Distributions
- YTD Total Return 4.2%
- 3 Yr Annualized Total Return 3.2%
- 5 Yr Annualized Total Return 4.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.30%
- Dividend Yield 3.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameGlobal Multi-Strategy Fund
-
Fund Family NamePrincipal Funds
-
Inception DateOct 24, 2011
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKelly Grossman
Fund Description
PMSAX - Performance
Return Ranking - Trailing
Period | PMSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.2% | -73.0% | 19.4% | 45.16% |
1 Yr | 9.8% | -9.1% | 86.9% | 29.82% |
3 Yr | 3.2%* | -9.5% | 16.2% | 51.81% |
5 Yr | 4.2%* | -4.9% | 14.4% | 45.29% |
10 Yr | 3.1%* | -0.9% | 7.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | PMSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.9% | -22.7% | 305.1% | 37.78% |
2022 | -12.7% | -9.8% | 27.3% | 26.61% |
2021 | 1.4% | -20.8% | 10.9% | 82.67% |
2020 | 3.4% | -12.4% | 29.4% | 55.94% |
2019 | 7.6% | -10.5% | 15.8% | 24.61% |
Total Return Ranking - Trailing
Period | PMSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.2% | -73.0% | 19.4% | 45.16% |
1 Yr | 9.8% | -13.4% | 86.9% | 40.36% |
3 Yr | 3.2%* | -9.5% | 16.2% | 64.26% |
5 Yr | 4.2%* | -5.3% | 14.4% | 58.30% |
10 Yr | 3.1%* | -0.9% | 7.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PMSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.1% | -22.7% | 305.1% | 38.15% |
2022 | -2.3% | -9.8% | 27.3% | 27.02% |
2021 | 5.1% | -20.8% | 10.9% | 87.11% |
2020 | 4.7% | -8.4% | 29.4% | 70.79% |
2019 | 7.6% | -10.2% | 18.0% | 34.55% |
NAV & Total Return History
PMSAX - Holdings
Concentration Analysis
PMSAX | Category Low | Category High | PMSAX % Rank | |
---|---|---|---|---|
Net Assets | 409 M | 1.5 M | 5.01 B | 23.25% |
Number of Holdings | 2373 | 4 | 4478 | 1.41% |
Net Assets in Top 10 | 98.2 M | -398 M | 2.55 B | 47.00% |
Weighting of Top 10 | 24.02% | 13.1% | 100.0% | 33.03% |
Top 10 Holdings
- Principal Government Money Market Fund - Class R-6 16.40%
- Pioneer Natural Resources Co 1.44%
- Hess Corp 1.18%
- Total Return Swaps 0.91%
- Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class 0.78%
- Microsoft Corp 0.73%
- Westrock Co 0.70%
- NVIDIA Corp 0.67%
- United States Treasury Bill 0.60%
- United States Treasury Note/Bond 0.60%
Asset Allocation
Weighting | Return Low | Return High | PMSAX % Rank | |
---|---|---|---|---|
Stocks | 36.47% | -3.75% | 97.95% | 51.59% |
Bonds | 33.51% | -326.45% | 6347.80% | 0.35% |
Cash | 25.18% | -6278.21% | 410.43% | 99.29% |
Other | 4.63% | -21.53% | 148.54% | 54.42% |
Convertible Bonds | 0.81% | 0.00% | 87.92% | 30.74% |
Preferred Stocks | 0.21% | -0.12% | 46.97% | 13.43% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PMSAX % Rank | |
---|---|---|---|---|
Technology | 17.01% | 0.00% | 39.58% | 54.33% |
Financial Services | 16.41% | 0.00% | 59.28% | 61.42% |
Industrials | 13.54% | 0.00% | 21.45% | 11.02% |
Consumer Cyclical | 11.72% | 0.00% | 29.09% | 10.63% |
Healthcare | 11.39% | 0.00% | 45.63% | 61.42% |
Communication Services | 7.81% | 0.00% | 21.78% | 51.97% |
Consumer Defense | 6.34% | 0.00% | 13.62% | 33.46% |
Basic Materials | 4.77% | 0.00% | 27.46% | 28.74% |
Energy | 4.59% | 0.00% | 100.00% | 48.82% |
Real Estate | 3.61% | 0.00% | 51.26% | 49.61% |
Utilities | 2.80% | 0.00% | 9.23% | 70.08% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PMSAX % Rank | |
---|---|---|---|---|
US | 35.39% | -8.85% | 91.88% | 43.82% |
Non US | 1.08% | -19.62% | 42.11% | 55.12% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PMSAX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 17.21% | 0.27% | 100.00% | 44.52% |
Corporate | 9.35% | 0.00% | 87.73% | 71.02% |
Government | 7.78% | 0.00% | 84.29% | 9.54% |
Securitized | 3.02% | 0.00% | 56.83% | 51.59% |
Derivative | 0.47% | 0.00% | 88.81% | 65.02% |
Municipal | 0.00% | 0.00% | 27.33% | 26.50% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PMSAX % Rank | |
---|---|---|---|---|
US | 27.26% | -126.19% | 6311.18% | 0.35% |
Non US | 6.25% | -382.37% | 121.02% | 3.53% |
PMSAX - Expenses
Operational Fees
PMSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.18% | 0.29% | 31.15% | 12.59% |
Management Fee | 1.36% | 0.00% | 2.50% | 85.87% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 22.97% |
Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
PMSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 3.75% | 2.50% | 5.75% | 90.38% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
PMSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PMSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 289.80% | 0.00% | 491.00% | 97.18% |
PMSAX - Distributions
Dividend Yield Analysis
PMSAX | Category Low | Category High | PMSAX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.96% | 0.00% | 4.56% | 8.13% |
Dividend Distribution Analysis
PMSAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
PMSAX | Category Low | Category High | PMSAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.30% | -2.51% | 6.83% | 14.39% |
Capital Gain Distribution Analysis
PMSAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 27, 2023 | $0.315 | OrdinaryDividend |
Dec 28, 2022 | $0.554 | OrdinaryDividend |
Dec 20, 2022 | $0.623 | OrdinaryDividend |
Dec 29, 2021 | $0.016 | OrdinaryDividend |
Dec 29, 2020 | $0.137 | OrdinaryDividend |
Dec 27, 2018 | $0.113 | OrdinaryDividend |
Dec 27, 2017 | $0.053 | OrdinaryDividend |
Dec 28, 2015 | $0.056 | OrdinaryDividend |
Dec 29, 2014 | $0.057 | OrdinaryDividend |
Dec 27, 2013 | $0.010 | OrdinaryDividend |
PMSAX - Fund Manager Analysis
Managers
Kelly Grossman
Start Date
Tenure
Tenure Rank
Oct 24, 2011
10.61
10.6%
Kelly A. Grossman joined the Principal Financial Group in 1991. She is a Senior Product Manager at Principal and a member of the Principal Funds Investment Committee. Ms. Grossman earned a B.A. in Mathematics and Computer Science from the University of Northern Iowa. She is a fellow of the Society of Actuaries and a member of the American Academy of Actuaries.
Marcus Dummer
Start Date
Tenure
Tenure Rank
Mar 07, 2014
8.24
8.2%
Marcus W. Dummer joined the Principal Financial Group in 2003. Mr. Dummer is a Senior Portfolio Strategist for Principal and a member Principal Funds Investment Committee. He is responsible for conducting research, assessing risk, and making relative value recommendations relating to the fixed-income component of the Principal Portfolio Construction StrategiesSM (Global Diversified Income Fund, Diversified Real Asset Fund, and Global Multi-Strategy Fund). Mr. Dummer earned a Bachelor’s degree in Finance and an M.B.A. from the University of Utah.
Jessica Bush
Start Date
Tenure
Tenure Rank
Mar 07, 2014
8.24
8.2%
Jessica S. Bush joined Principal® in 2006. Ms. Bush is responsible for the asset allocation and manager selection for Principal Portfolio StrategiesSM. Ms. Bush earned a bachelor’s degree in Business Administration from the University of Michigan. She has earned the right to use the Chartered Financial Analyst designation.
Benjamin Rotenberg
Start Date
Tenure
Tenure Rank
Mar 07, 2014
8.24
8.2%
Benjamin E. Rotenberg joined Principal® in 2014. Prior to that, he was employed at Cliffwater LLC as a Managing Director from 2007-2014. Mr. Rotenberg is responsible for the asset allocation and manager selection for Principal Portfolio StrategiesSM. Mr. Rotenberg earned a bachelor’s degree in International Relations and Russian from Pomona College. He has earned the right to use the Chartered Financial Analyst and the Chartered Alternative Investment Analyst designations.
May Tong
Start Date
Tenure
Tenure Rank
May 10, 2021
1.06
1.1%
May Tong has been with Principal® since 2021. Prior to that, Ms. Tong was a Senior Vice President, Portfolio Manager for Franklin Templeton Multi-Asset Solutions since 2018. Prior to that, Ms. Tong was a Portfolio Manager and Head of Portfolio Implementation and Management for Voya Investment Management’s Multi-Asset Strategies and Solutions Team since 2011. Ms. Tong is responsible for the asset allocation and manager selection for Principal Global Asset Allocation. She earned a bachelor’s degree in Accounting and Finance from Boston College and an M.B.A. from Columbia University. She has earned the right to use the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.02 | 17.37 | 4.48 | 1.67 |