|[March 15, 2013]
Principal Funds Wins Four Lipper Fund Awards
DES MOINES, Iowa --(Business Wire)--
Funds received four 2013 Lipper
Fund Awards based on asset class and individual fund
performance, including the top award for Best Mixed-Asset Large Fund
Nora Everett, Principal Funds president and CEO (Photo: The Principal Financial Group)
Principal Funds surpassed 39 well-known mutual fund firms to take home
the top honor in the mixed-asset class large company category. The funds
in this category include Principal Funds' target-date LifeTime
Funds1, target-risk SAM
Portfolios (SAM Balanced, SAM Conservative Balanced and
SAM Flexible Income) and the Principal
Global Diversified Income Fund (PGDIX).
"We're honored to receive these prestigious awards, which we view as a
testament to our asset allocation capabilities and ability to
deliver solid, long-term performance for our shareholders," said
Nora Everett, president and CEO of Principal Funds. "The awards
recognize excellent work done by many people, including our asset
allocation teams and those overseeing our due diligence process."
Lipper, a leading global research firm, presented the awards at a March
14 ceremony in New York City. The Lipper Fund Awards are part of the
Thomson Reuters (News - Alert) Awards for Excellence, a global family of awards that
celebrate exceptional performance throughout the professional investment
In addition to the group award, Principal Funds won the following
"We believe receiving this recognition for consistent, long-term
performance validates our shareholder-focused investment philosophy and
reflects the global investment management expertise of the Principal
Financial Group®," said Everett.
For more information about the Lipper Fund Awards rankings and
methodology, including rankings for the individual funds within the
Lipper Mixed Asset Class-Large Company category, visit www.principalfunds.com/lipper.
About Principal LifeTime Funds:
The Principal LifeTime
Funds, which are target-date funds, invest in underlying Principal
Funds. Each Principal LifeTime Fund is managed toward a particular
target (retirement) date, or the approximate date the participant or
investor starts withdrawing money. As each Principal LifeTime Fund
approaches its target date, the investment mix becomes more conservative
by increasing exposure to generally more conservative investment options
and reducing exposure to typically more aggressive investment options.
The asset allocation for each Principal LifeTime Fund is regularly
re-adjusted within a timeframe that extends 10-15 years beyond the
target date, at which point it reaches its most conservative allocation.
Principal LifeTime Funds assume the value of the investor's account will
be withdrawn gradually during retirement. Neither the principal nor the
underlying assets of the Principal LifeTime Funds are guaranteed at any
time, including the target date. Investment risk remains at all times.
About Lipper Methodology/Rankings for Other Time Periods:
performance is no guarantee of future results. Please see principal.com
(Rates, Values & Performance), or call 800-222-5852 for current
performance information. Principal Management Corp. was ranked No. 1
out of 40 eligible companies in Lipper's Mixed-Asset category for the
three-year period ended 11/30/12. The lowest average decile rank of the
three years' Consistent Return (effective return) measure of the
eligible funds per asset class and group determine the asset class group
award winner over the three-year period. Asset class group awards are
given for the three-year period only. The funds did not win the awards
for other time periods. The individual funds that made up the category
may not have ranked number one in their categories. Lipper's large
company universe is comprised of fund families with more than $43.5
billion in assets under management. Individual fund classification
awards extend over 3, 5 and 10 years. The highest Lipper Leader for
Consistent Return value within each eligible classification determines
the fund classification winner over 3, 5 and 10 years. Principal Global
Real Estate Securities Fund - 3 yrs: 2/92 funds; 5 yrs: 1/66 funds; 10
yrs: N/A. Principal LifeTime 2010 Fund - 3 yrs: 1/124 funds; 5 yrs:
40/106 funds; 10 yrs: N/A. Principal LifeTime 2015 Fund - 3 yrs: 1/109
funds; 5 yrs: N/A; 10 yrs: N/A.
About Principal Funds
Principal Funds is a leading provider
of mutual funds, with $87.9 billion in assets under management.2
Principal Funds brings expertise in global investment management, asset
allocation and retirement leadership to financial professionals and
investors. Including its target-risk and target-date offerings,
Principal Funds is the fifth largest manager of lifecycle funds in the
industry.3 The companies that make up Principal Funds are
members of the Principal Financial Group®. For more
information, visit www.principalfunds.com.
About the Principal Financial Group
The Principal Financial
Group® (The Principal ®)4 is a global
investment management leader offering retirement services, insurance
solutions and asset management. The Principal offers businesses,
individuals and institutional clients a wide range of financial products
and services, including retirement, asset management and insurance
through its diverse family of financial services companies. Founded in
1879 and a member of the FORTUNE 500®, the Principal
Financial Group has $403.0 billion in assets under management5 and
serves some 18.3 million customers worldwide from offices in Asia,
Australia, Europe, Latin America and the United States. Principal
Financial Group, Inc. is traded on the New York Stock Exchange under the
ticker symbol PFG. For more information, visit www.principal.com.
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
principalfunds.com, or calling 800-222-5852. Read the prospectus
carefully before investing.
A mutual fund's share price and investment return will vary with
market conditions, and the principal value of an investment when you
sell your shares may be more or less than the original cost.
Real estate investment options are subject to some risks inherent in
real estate and real estate investment trusts (REITs), such as risks
associated with general and local economic conditions. Investing
in REITs involves special risks, including interest rate fluctuation,
credit risks, and liquidity risks, including interest conditions on real
estate values and occupancy rates.
Fixed-income investment options are subject to interest rate risk,
and their value will decline as interest rates rise. Lower-rated
securities are subject to additional credit and default risks. Risks
associated with preferred securities differ from risks inherent with
other investments. In particular, in the event of bankruptcy, a
company's preferred securities are senior to common stock but
subordinated to all other types of corporate debt. International
investing involves increased risks due to currency fluctuations,
political or social instability, and differences in accounting
standards. These risks are magnified in emerging markets. REIT
securities are subject to risk factors associated with the real estate
industry and tax factors of REIT registration.
Class I shares are available only to eligible investors, including
various institutional investors and investors in certain mutual fund
wrap or asset allocation programs. See the prospectus for eligibility
Principal Funds, Inc. is distributed by Principal Funds Distributor,
Inc., member of the Principal Financial Group®.
Principal Funds Distributor, Principal Shareholder Services, Principal
Management Corporation and its affiliates, and Principal Funds, Inc. are
collectively referred to as Principal Funds.
1 The Principal LifeTime 2060 Fund, which was incepted after
the award date, was not included in the Best Mixed-Asset Large Fund
2 As of December 31, 2012. Includes all
share classes of the Principal Funds, Inc. and Principal Variable
Contracts Funds, Inc.
3 FRC Mutual Fund Lifecycle Report
4 "The Principal Financial Group" and "The
Principal" are registered service marks of Principal Financial Services,
Inc., a member of the Principal Financial Group.
5 As of
Dec. 31, 2012
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