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Investment Type: pifretail

International Small Company Fund (A) (PICAX)

Class A | Class I

Quick Facts

Foreign Small/Mid Blend

Investment Strategy

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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.

Morningstar Style Box™

  as of 11/30/2020
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Investment Style
Stylebox Market Capitalization

Overall Morningstar Star Rating™

  as of 12/31/2020
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Out of 95 Foreign Small/Mid Blend Funds


Morningstar's Star Ratings reflect risk adjusted performance and are derived from a weighted average of the performance figures associated with its three, five, and ten-year (if applicable) time periods.

Total Returns

Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed, may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.

Where gross and net expense ratios differ, the investment adviser has contractually agreed to limit the investment option's expenses. Differences also may be due to the investment adviser's decision to pay (through the same dates) certain expenses that would normally be payable by the fund.

Month-End | Quarter-End
Average Annual Total Returns as of 12/31/2020
1 Month3 MonthYTD1 Year3 Year5 Year10 YearSince     
Excluding Sales Charge % 6.52 13.62 5.20 5.20 1.80 7.60 --- 5.46
Including Sales Charge % 0.67 7.38 -0.59 -0.59 -0.09 6.39 --- 4.55
MSCI World Ex US Small Cap Index % 6.77 17.55 12.78 12.78 5.04 9.63 6.98 ---
Foreign Small/Mid Blend Category % 6.68 17.32 10.92 10.92 2.73 7.90 6.16 ---
Morningstar Percentile Rankings** --- --- --- 89 74 76 --- ---
# of Funds in Category 105 105 105 105 95 85 55 ---
**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.


  as of 12/31/2020
Total Investment Expense - Gross: 2.25%
Total Investment Expense - Net: 1.60%
Contractual Cap Date: 12/30/2021
Maximum Up-front Sales Charge: 5.50%
Contingent Deferred Sales Charge: 1.00%
12b-1 Fee: 0.25%

Inv Manager or Sub-Advisor

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Principal Global Investors

Portfolio Managers

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Tiffany N. Lavastida , CFA
Since 06/11/2014
M.B.A. , University of lowa

Brian W. Pattinson , CFA
Since 06/11/2014
M.B.A. , University of Iowa

2021 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data 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.

The full name of this investment option is Principal International Small Company Fund (A).

Investors should carefully consider a fund's investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting, or calling 800-222-5852. Read the prospectus carefully before investing.

Principal Funds are distributed by Principal Funds Distributor, Inc.

Not FDIC Insured
May Lose Value - Not a Deposit - No Bank Guarantee
Not Insured by any Federal Government Agency

MSCI World Ex US Small Cap Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. It offers an exhaustive representation of the Small Cap segment by targeting companies that are in the Investable Market Index but not in the Standard Index in a particular market.

Small-cap and mid-cap investment options are subject to more fluctuation in value and may have additional risks than other investment options with stocks of larger, more stable companies.

International and global investment options are subject to additional risk due to fluctuating exchange rates, foreign accounting and financial policies, and other economic and political environments.