We identify businesses undergoing positive fundamental change and invest where the change remains underappreciated. Finding opportunities among innovators, renovators, and pacesetters within the small cap space.
Focusing on positive change in the less efficient small cap market creates opportunity for deep fundamental research to uncover differentiated alpha opportunities other investors may overlook or underappreciate.
We build a balanced portfolio focused on stock selection by minimizing unintended top-down exposures, allowing stock-specific insights to drive returns and deliver a consistent core portfolio.
Manager
Principal Equities
Inception
1 April 2000
Index
Russell 2000 Index
Targeted number of holdings
75-150
Expected turnover
< 75%
Investment vehicles
IMA, U.S. Mutual Fund, SMA
We believe bottom-up stock selection is the most reliable and repeatable source of consistent performance. Through focused fundamental research and disciplined risk management, we strive to take advantage of persistent behavioral biases and impediments to capital flows, which often create market inefficiencies and opportunities.
No information
Past performance does not guarantee future results.
Investing involves risk, including possible loss of principal.
Equity markets are subject to many factors, including economic conditions, government regulations, market sentiment, local and international political events, and environmental and technological issues that may impact return and volatility. Small-cap stocks may have additional risks including greater price volatility.
Investment guidelines are subject to change.
Not all investment options are available in all jurisdictions. Certain vehicles have not been registered with the United States Securities and Exchange Commission under the United States Securities Act of 1933 and may not be directly or indirectly offered or sold in the United States or to any United States person.
The Russell 2000 Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index.
Principal Equities is an investment team within Principal Global Investors.