PSABX — SmallCap Fund
Data updated: 2026-09-25
PSABX — SmallCap Fund. United States Small Cap Blend / Core Equity · $2.08B AUM · 1.62% expense ratio. Holdings, fees, performance and SEC filings.
PSABX Fund Overview
PSABX — SmallCap Fund is a US mutual fund managed by Principal Funds, Inc., categorised as United States Small Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Principal Funds, Inc.
- Category: United States Small Cap Blend / Core Equity
- Assets under management: $2.08B
- 1-year return: 27.1%
- Ticker: PSABX
- SEC CIK: 0000898745
- SEC series ID: S000007214
- Share class ID: C000019802
PSABX Investment Objective and Strategy
SmallCap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Principal Funds, Inc..
Investment objective
The Fund seeks long-term growth of capital.
Principal investment strategy
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. For this Fund, companies with small market capitalizations are those with market capitalizations within the range of companies comprising the Russell 2000 Index (as of December 31, 2017 , this range was between approximately $22.5 million and $9.3 billion ). The Fund invests in equity securities with value and/or growth characteristics and constructs an investment portfolio that has a blend of equity securities with these characteristics. Investing in value equity securities is an investment strategy that emphasizes buying equity securities that appear to be undervalued. The growth orientation selection emphasizes buying equity securities of companies whose potential for growth of capital and earnings is expected to be above average.
The Fund does not have a policy of preferring one of these categories over the other.
PSABX Holdings
Top 10 holdings of SmallCap Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Huron Consulting Group Inc | 1.97% |
| Old National Bancorp/IN | 1.83% |
| UMB Financial Corp | 1.68% |
| Principal Funds, Inc - Government Money Market Fund - Class R-6 | 1.67% |
| Southwest Gas Holdings Inc | 1.53% |
| Cytokinetics Inc | 1.52% |
| Renasant Corp | 1.48% |
| Tutor Perini Corp | 1.46% |
| Advanced Energy Industries Inc | 1.43% |
| TD SYNNEX Corp | 1.42% |
PSABX Portfolio Allocation
Asset-class allocation of SmallCap Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.4% |
| Cash & Equivalents | 1.7% |
PSABX Performance
Total returns for PSABX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 27.1% |
| 3 years (annualised) | -2.4% |
| 5 years (annualised) | 8.0% |
PSABX Risk Information
Risk metrics for PSABX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 18.2%
PSABX Costs and Fees
PSABX costs about $162 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.62%
- Gross expense ratio: 1.62%
- Portfolio turnover: 31%
- Brokerage commissions: 6.07 bps of average net assets (SEC N-CEN)
PSABX Cashflows
Over the 12 months to 2026-04, SmallCap Fund had net outflows of $419.81M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$88.15M |
| 2026-03 | −$53.00M |
| 2026-02 | −$150.94M |
| 2026-01 | −$75.17M |
| 2025-12 | $62.53M |
| 2025-11 | −$6.73M |
PSABX Debt Constituents
No individual debt constituents are reported in SmallCap Fund's latest SEC N-PORT filing.
PSABX Prospectus and SEC Filings
Official SmallCap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-02-26
- Prospectus (485BPOS) — filed 2024-02-27
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-25
- Annual census (N-CEN) — filed 2026-01-14
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Other United States Small Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.