Principal U.S. Small-MidCap Multi-Factor ETF

Frequently Asked Questions About PSM

What does PSM invest in?

The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq US Small Mid Cap Select Leaders Core Index. Under normal circumstances, the fund invests at least 80% of its net assets in equity securities of U.S. companies with small- to medium-market capitalizations that compose the index at the time of purchase. The index uses a quantitative model designed to identify equity securities of companies in the Nasdaq US Small Cap Index and Nasdaq US Mid Cap Index that exhibit potential for high degrees of value, quality growth and strong momentum, while adjusting for liquidity and volatility.

What is the expense ratio of PSM?

Principal U.S. Small-MidCap Multi-Factor ETF (PSM) charges an expense ratio of 0.20%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PSM?

Principal U.S. Small-MidCap Multi-Factor ETF (PSM) manages $11.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is PSM actively managed or an index fund?

PSM's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was PSM launched?

Principal U.S. Small-MidCap Multi-Factor ETF (PSM) launched in July 2019 and is managed by Principal Funds.

How has PSM performed?

PSM's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.