PSAPX — SmallCap S&P 600 Index Fund
Data updated: 2026-09-25
PSAPX — SmallCap S&P 600 Index Fund. United States Small Cap Blend / Core Equity · $1.34B AUM. Holdings, fees, performance and SEC filings.
PSAPX Fund Overview
PSAPX — SmallCap S&P 600 Index 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: $1.34B
- 1-year return: 28.7%
- Ticker: PSAPX
- SEC CIK: 0000898745
- SEC series ID: S000007203
- Share class ID: C000019714
PSAPX Investment Objective and Strategy
SmallCap S&P 600 Index 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 that compose the Standard & Poor's (""S&P"") SmallCap 600 Index (the ""Index"") at the time of purchase. The Index is designed to represent U.S. equities with risk/return characteristics of the small cap universe, which include growth and value stocks. As of December 31, 2017 , the market capitalization range of the companies comprising the Index was between approximately $95.5 million and $9.4 billion . Each component stock of the Index is weighted in proportion to its total market value. The Index is rebalanced quarterly. The Fund employs a passive investment approach designed to attempt to track the performance of the Index.
In seeking its objective, the Fund typically employs a replication strategy which involves investing in all the securities that make up the Index, in the same proportions as the Index. The Fund utilizes derivative strategies and exchange-traded funds (""ETFs""). A derivative is a financial arrangement, the value of which is derived from, or based on, a traditional security, asset, or market index. Specifically, the Fund invests in index futures and equity ETFs on a daily basis to gain exposure to the Index in an effort to minimize tracking error relative to the benchmark. Note: ""Standard & Poor's SmallCap 600"" and ""S&P SmallCap 600"" are trademarks of S&P Global and have been licensed by Principal. The Fund is not sponsored, endorsed, sold or promoted by S&P Global and S&P Global makes no representation regarding the advisability of investing in the Fund."
PSAPX Holdings
Top 10 holdings of SmallCap S&P 600 Index Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Principal Funds, Inc - Government Money Market Fund - Class R-6 | 1.05% |
| Corcept Therapeutics Inc | 0.60% |
| Viasat Inc | 0.57% |
| Glaukos Corp | 0.54% |
| iShares Core S&P Small-Cap ETF | 0.51% |
| Match Group Inc | 0.51% |
| Brinker International Inc | 0.50% |
| Jackson Financial Inc | 0.47% |
| Ryman Hospitality Properties Inc | 0.46% |
| Element Solutions Inc | 0.46% |
PSAPX Portfolio Allocation
Asset-class allocation of SmallCap S&P 600 Index Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.4% |
| Cash & Equivalents | 1.1% |
PSAPX Performance
Total returns for PSAPX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 28.7% |
| 3 years (annualised) | 0.8% |
| 5 years (annualised) | 8.1% |
PSAPX Risk Information
Risk metrics for PSAPX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.6%
PSAPX Costs and Fees
PSAPX costs about $104 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.04%
- Gross expense ratio: 1.04%
- Portfolio turnover: 36%
- Brokerage commissions: 3.37 bps of average net assets (SEC N-CEN)
PSAPX Cashflows
Over the 12 months to 2026-04, SmallCap S&P 600 Index Fund had net outflows of $183.56M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$26.81M |
| 2026-03 | −$8.26M |
| 2026-02 | −$12.87M |
| 2026-01 | −$11.47M |
| 2025-12 | $101.38M |
| 2025-11 | −$8.93M |
PSAPX Debt Constituents
No individual debt constituents are reported in SmallCap S&P 600 Index Fund's latest SEC N-PORT filing.
PSAPX Prospectus and SEC Filings
Official SmallCap S&P 600 Index 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.