Ticker
Symbols by Share Class | ||||||||||
Fund |
A |
C |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 |
R-6 |
California
Municipal |
SRCMX |
SRCCX |
PCMFX |
|||||||
Core Plus Bond |
PRBDX |
PBMCX |
PBMJX |
PMSIX |
PBOMX |
PBMNX |
PBMMX |
PBMSX |
PBMPX |
|
Diversified
International |
PRWLX |
PDNCX |
PIIJX |
PIIIX |
PDVIX |
PINNX |
PINRX |
PINLX |
PINPX |
|
Equity Income |
PQIAX |
PEUCX |
PEIIX |
PIEMX |
PEINX |
PEIOX |
PEIPX |
PEIQX |
||
Finisterre Unconstrained
Emerging Markets Bond |
PFUEX |
PFUMX |
||||||||
Global Diversified
Income |
PGBAX |
PGDCX |
PGDIX |
PGBLX | ||||||
Global Real Estate
Securities |
POSAX |
POSCX |
POSIX |
PGRKX |
PGRVX |
PGRUX |
PGRSX | |||
Government & High Quality
Bond |
CMPGX |
CCUGX |
PMRJX |
PMRIX |
PMGRX |
PFMRX |
PRCMX |
PMRDX |
PMREX |
|
Government Money Market
|
pending |
|||||||||
High Yield |
CPHYX |
CCHIX |
PHYTX |
PHYFX | ||||||
High Yield I |
PYHAX |
PYHIX |
||||||||
Income |
CMPIX |
CNMCX |
PIOJX |
PIOIX |
PIOMX |
PIONX |
PIOOX |
PIOPX |
PIOQX |
PICNX |
Inflation
Protection |
PITAX |
PPOCX |
PIPJX |
PIPIX |
PISPX |
PBSAX |
PIFPX |
PIFSX |
PBPPX |
|
International Emerging
Markets |
PRIAX |
PMKCX |
PIEJX |
PIEIX |
PIXEX |
PEASX |
PEAPX |
PESSX |
PEPSX |
PIIMX |
International I |
PFAFX |
PINIX |
PPISX |
PSPPX |
PRPPX |
PUPPX |
PTPPX |
PIIDX | ||
LargeCap Growth |
PRGWX |
PLGCX |
PGLJX |
PGLIX |
PLSGX |
PCPPX |
PLGPX |
PEPPX |
PDPPX |
|
LargeCap Growth
I |
PLGAX |
PLGJX |
PLGIX |
PCRSX |
PPUNX |
PPUMX |
PPUSX |
PPUPX |
PLCGX | |
LargeCap Growth
II |
PPLJX |
PPIIX |
PDASX |
PPTNX |
PPTMX |
PPTSX |
PPTPX |
|||
LargeCap S&P 500
Index |
PLSAX |
PLICX |
PSPJX |
PLFIX |
PLPIX |
PLFNX |
PLFMX |
PLFSX |
PLFPX |
|
LargeCap Value |
PCACX |
PLUCX |
PVLJX |
PVLIX |
PLSVX |
PLVNX |
PLVMX |
PLVSX |
PLVPX |
|
LargeCap Value
III |
PLVJX |
PLVIX |
PESAX |
PPSNX |
PPSFX |
PPSSX |
PPSRX |
|||
MidCap |
PEMGX |
PMBCX |
PMBJX |
PCBIX |
PMSBX |
PMBNX |
PMBMX |
PMBSX |
PMBPX |
PMAQX |
MidCap Growth |
PMGJX |
PGWIX |
PMSGX |
PGPPX |
PFPPX |
PIPPX |
PHPPX |
|||
MidCap Growth
III |
PPQJX |
PPIMX |
PHASX |
PPQNX |
PPQMX |
PPQSX |
PPQPX |
|||
MidCap S&P 400
Index |
PMFJX |
MPSIX |
PMSSX |
PMFNX |
PMFMX |
PMFSX |
PMFPX |
PMAPX | ||
MidCap Value I |
PVEJX |
PVMIX |
PLASX |
PABUX |
PMPRX |
PABWX |
PABVX |
|||
MidCap Value
III |
PVCAX |
PMCJX |
PVUIX |
PMSVX |
PKPPX |
PJPPX |
PMPPX |
PLPPX |
PCMIX | |
Money Market |
PCSXX |
PPCXX |
PMJXX |
PVMXX |
||||||
Overseas |
PINZX |
PINQX |
PINSX |
PINTX |
PINUX |
PINGX |
||||
Principal Capital
Appreciation |
CMNWX |
CMNCX |
PWCIX |
PCAMX |
PCANX |
PCAOX |
PCAPX |
PCAQX |
||
Principal LifeTime Strategic
Income |
PALTX |
PLSJX |
PLSIX |
PLAIX |
PLSNX |
PLSMX |
PLSSX |
PLSPX |
||
Principal LifeTime
2010 |
PENAX |
PTAJX |
PTTIX |
PVASX |
PTANX |
PTAMX |
PTASX |
PTAPX |
||
Principal LifeTime
2015 |
LTINX |
LTSGX |
LTASX |
LTAPX |
LTSLX |
LTPFX |
||||
Principal LifeTime
2020 |
PTBAX |
PLFJX |
PLWIX |
PWASX |
PTBNX |
PTBMX |
PTBSX |
PTBPX |
||
Principal LifeTime
2025 |
LTSTX |
LTSNX |
LTADX |
LTVPX |
LTEEX |
LTPDX |
||||
Principal LifeTime
2030 |
PTCAX |
PLTJX |
PMTIX |
PXASX |
PTCNX |
PTCMX |
PTCSX |
PTCPX |
||
Principal LifeTime
2035 |
LTIUX |
LTANX |
LTVIX |
LTAOX |
LTSEX |
LTPEX |
||||
Principal LifeTime
2040 |
PTDAX |
PTDJX |
PTDIX |
PYASX |
PTDNX |
PTDMX |
PTDSX |
PTDPX |
||
Principal LifeTime
2045 |
LTRIX |
LTRGX |
LTRSX |
LTRVX |
LTRLX |
LTRDX |
||||
Principal LifeTime
2050 |
PPEAX |
PFLJX |
PPLIX |
PZASX |
PTENX |
PTERX |
PTESX |
PTEFX |
||
Principal LifeTime
2055 |
LTFIX |
LTFGX |
LTFSX |
LTFDX |
LTFLX |
LTFPX |
||||
Principal LifeTime
2060 |
PLTAX |
PLTZX |
PLTRX |
PLTBX |
PLTCX |
PLTMX |
PLTOX |
|||
Principal LIfeTime
2065 |
PLJIX |
PLJAX |
PLJBX |
PLJCX |
PLJDX |
PLJEX |
||||
Principal LifeTime Hybrid
Income |
PHTFX |
PLTYX | ||||||||
Principal LifeTime Hybrid
2015 |
PHTMX |
PLRRX | ||||||||
Principal LifeTime Hybrid
2020 |
PHTTX |
PLTTX | ||||||||
Principal LifeTime Hybrid
2025 |
PHTQX |
PLFTX | ||||||||
Principal LifeTime Hybrid
2030 |
PHTNX |
PLZTX | ||||||||
Principal LifeTime Hybrid
2035 |
PHTJX |
PLRTX | ||||||||
Principal LifeTime Hybrid
2040 |
PLTQX |
PLMTX | ||||||||
Principal LifeTime Hybrid
2045 |
PHTYX |
PLNTX | ||||||||
Principal LifeTime Hybrid
2050 |
PHTUX |
PLJTX | ||||||||
Principal LifeTime Hybrid
2055 |
PLTNX |
PLHTX | ||||||||
Principal LifeTime Hybrid
2060 |
PLTHX |
PLKTX | ||||||||
Principal LifeTime Hybrid
2065 |
PLHHX |
PLHRX |
Ticker
Symbols by Share Class | ||||||||||
Fund |
A |
C |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 |
R-6 |
Real Estate
Securities |
PRRAX |
PRCEX |
PREJX |
PIREX |
PRAEX |
PRENX |
PRERX |
PRETX |
PREPX |
PFRSX |
SAM Balanced |
SABPX |
SCBPX |
PSAJX |
PSBIX |
PSBGX |
PSBVX |
PBAPX |
PSBLX |
PSBFX |
|
SAM Conservative
Balanced |
SAIPX |
SCIPX |
PCBJX |
PCCIX |
PCSSX |
PCNSX |
PCBPX |
PCBLX |
PCBFX |
|
SAM Conservative
Growth |
SAGPX |
SCGPX |
PCGJX |
PCWIX |
PCGGX |
PCGVX |
PCGPX |
PCWSX |
PCWPX |
|
SAM Flexible
Income |
SAUPX |
SCUPX |
PFIJX |
PIFIX |
PFIGX |
PFIVX |
PFIPX |
PFILX |
PFIFX |
|
SAM Strategic
Growth |
SACAX |
SWHCX |
PSWJX |
PSWIX |
PSGGX |
PSGVX |
PSGPX |
PSGLX |
PSGFX |
|
Short-Term
Income |
SRHQX |
STCCX |
PSJIX |
PSHIX |
PSIMX |
PSINX |
PSIOX |
PSIPX |
PSIQX |
|
SmallCap |
PLLAX |
PSMCX |
PSBJX |
PSLIX |
PSABX |
PSBNX |
PSBMX |
PSBSX |
PSBPX |
PSMLX |
SmallCap Growth
I |
PSIJX |
PGRTX |
PNASX |
PPNNX |
PPNMX |
PPNSX |
PPNPX |
PCSMX | ||
SmallCap S&P 600
Index |
PSSJX |
PSSIX |
PSAPX |
PSSNX |
PSSMX |
PSSSX |
PSSPX |
PSPIX | ||
SmallCap Value
II |
PSVAX |
PSMJX |
PPVIX |
PCPTX |
PKARX |
PJARX |
PSTWX |
PLARX |
PSMVX | |
Tax-Exempt Bond |
PTEAX |
PTBCX |
PITEX |
TABLE OF
CONTENTS | |
FUND HISTORY |
|
MULTIPLE CLASS
STRUCTURE |
|
DESCRIPTION OF THE FUNDS’
INVESTMENTS AND RISKS |
|
LEADERSHIP STRUCTURE AND BOARD
OF DIRECTORS |
|
INVESTMENT ADVISORY AND OTHER
SERVICES |
|
INTERMEDIARY
COMPENSATION |
|
BROKERAGE ALLOCATION AND OTHER
PRACTICES |
|
PURCHASE AND REDEMPTION OF
SHARES |
|
GOVERNMENT MONEY MARKET FUND
AND MONEY MARKET FUND MATERIAL EVENTS |
|
PRICING OF FUND
SHARES |
|
TAX
CONSIDERATIONS |
|
PORTFOLIO HOLDINGS
DISCLOSURE |
|
PROXY VOTING POLICIES AND
PROCEDURES |
|
FINANCIAL
STATEMENTS |
|
INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM |
|
GENERAL
INFORMATION |
|
CONTROL PERSONS AND PRINCIPAL
HOLDERS OF SECURITIES |
|
PORTFOLIO MANAGER
DISCLOSURE |
|
APPENDIX A – DESCRIPTION OF
BOND RATINGS |
|
APPENDIX B – PRICE MAKE UP
SHEET |
|
APPENDIX C – PROXY VOTING
POLICIES |
Share
Class | ||||||||||
Fund/Portfolio |
A |
C |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 |
R-6 |
California
Municipal |
X |
X |
X |
|||||||
Core Plus Bond |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
Diversified
International |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
Equity Income |
X |
X |
X |
X |
X |
X |
X |
X |
||
Finisterre Unconstrained
Emerging Markets Bond |
X |
X |
||||||||
Global Diversified
Income |
X |
X |
X |
X | ||||||
Global Real Estate
Securities |
X |
X |
X |
X |
X |
X |
X | |||
Government & High Quality
Bond |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
Government Money
Market |
X |
|||||||||
High Yield |
X |
X |
X |
X | ||||||
High Yield I |
X |
X |
||||||||
Income |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
Inflation
Protection |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
International Emerging
Markets |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
International I |
X |
X |
X |
X |
X |
X |
X |
X | ||
LargeCap Growth |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
LargeCap Growth
I |
X |
X |
X |
X |
X |
X |
X |
X |
X | |
LargeCap Growth
II |
X |
X |
X |
X |
X |
X |
X |
|||
LargeCap S&P 500
Index |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
LargeCap Value |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
LargeCap Value
III |
X |
X |
X |
X |
X |
X |
X |
|||
MidCap |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
MidCap Growth |
X |
X |
X |
X |
X |
X |
X |
|||
MidCap Growth
III |
X |
X |
X |
X |
X |
X |
X |
|||
MidCap S&P 400
Index |
X |
X |
X |
X |
X |
X |
X |
X | ||
MidCap Value I |
X |
X |
X |
X |
X |
X |
X |
|||
MidCap Value
III |
X |
X |
X |
X |
X |
X |
X |
X |
X | |
Money Market |
X |
X |
X |
X |
||||||
Overseas |
X |
X |
X |
X |
X |
X |
||||
Principal Capital
Appreciation |
X |
X |
X |
X |
X |
X |
X |
X |
||
Principal LifeTime Strategic
Income |
X |
X |
X |
X |
X |
X |
X |
X |
||
Principal LifeTime
2010 |
X |
X |
X |
X |
X |
X |
X |
X |
||
Principal LifeTime
2015 |
X |
X |
X |
X |
X |
X |
||||
Principal LifeTime
2020 |
X |
X |
X |
X |
X |
X |
X |
X |
||
Principal LifeTime
2025 |
X |
X |
X |
X |
X |
X |
||||
Principal LifeTime
2030 |
X |
X |
X |
X |
X |
X |
X |
X |
||
Principal LifeTime
2035 |
X |
X |
X |
X |
X |
X |
||||
Principal LifeTime
2040 |
X |
X |
X |
X |
X |
X |
X |
X |
||
Principal LifeTime
2045 |
X |
X |
X |
X |
X |
X |
||||
Principal LifeTime
2050 |
X |
X |
X |
X |
X |
X |
X |
X |
||
Principal LifeTime
2055 |
X |
X |
X |
X |
X |
X |
||||
Principal LifeTime
2060 |
X |
X |
X |
X |
X |
X |
X |
|||
Principal LifeTime
2065 |
X |
X |
X |
X |
X |
X |
Principal LifeTime Hybrid
Income |
X |
X | ||||||||
Principal LifeTime Hybrid
2015 |
X |
X | ||||||||
Principal LifeTime Hybrid
2020 |
X |
X | ||||||||
Principal LifeTime Hybrid
2025 |
X |
X | ||||||||
Principal LifeTime Hybrid
2030 |
X |
X | ||||||||
Principal LifeTime Hybrid
2035 |
X |
X | ||||||||
Principal LifeTime Hybrid
2040 |
X |
X | ||||||||
Principal LifeTime Hybrid
2045 |
X |
X | ||||||||
Principal LifeTime Hybrid
2050 |
X |
X | ||||||||
Principal LifeTime Hybrid
2055 |
X |
X | ||||||||
Principal LifeTime Hybrid
2060 |
X |
X | ||||||||
Principal LifeTime Hybrid
2065 |
X |
X | ||||||||
Real Estate
Securities |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
SAM Balanced |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
SAM Conservative
Balanced |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
SAM Conservative
Growth |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
SAM Flexible
Income |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
SAM Strategic
Growth |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
Short-Term
Income |
X |
X |
X |
X |
X |
X |
X |
X |
X |
|
SmallCap |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
SmallCap Growth
I |
X |
X |
X |
X |
X |
X |
X |
X | ||
SmallCap S&P 600
Index |
X |
X |
X |
X |
X |
X |
X |
X | ||
SmallCap Value
II |
X |
X |
X |
X |
X |
X |
X |
X |
X | |
Tax-Exempt Bond |
X |
X |
X |
• |
redeemed within 90 days after
an account is re-registered due to a shareholder's
death; |
• |
redeemed to pay surrender
fees; |
• |
redeemed to pay retirement
plan fees; |
• |
redeemed involuntarily from
accounts with small balances; |
• |
redeemed due to the
shareholder's disability (as defined by the Internal Revenue Code)
provided the shares were purchased prior to the
disability; |
• |
redeemed from retirement plans
to satisfy minimum distribution rules under the Internal Revenue
Code; |
• |
redeemed from a retirement
plan to assure the plan complies with the Internal Revenue
Code; |
• |
redeemed from retirement plans
qualified under Section 401(a) of the Internal Revenue Code due to the
plan participant's death, disability, retirement, or separation from
service after attaining age 55; |
• |
redeemed from retirement plans
to satisfy excess contribution rules under the Internal Revenue Code;
or |
• |
redeemed using a systematic
withdrawal plan (up to 1% per month (measured cumulatively with respect to
non-monthly plans) of the value of the fund account at the time, and
beginning on the date, the systematic withdrawal plan begins). (The free
withdrawal privilege not used in a calendar year is not added to the free
withdrawal privileges for any following
year.) |
• |
redeemed that were purchased
pursuant to the Small Amount Force Out program (SAFO);
or |
• |
of the Money Market Fund
redeemed within 30 days of the initial purchase if the redemption proceeds
are transferred to another Principal IRA, defined as either a fixed or
variable annuity issued by Principal Life Insurance Company to fund an
IRA, a Principal Bank IRA product, or a WRAP account IRA sponsored by
Principal Securities, Inc. (PSI) |
• |
responding to plan sponsor and
plan member inquiries; |
• |
providing information
regarding plan sponsor and plan member investments;
and |
• |
providing other similar
personal services or services related to the maintenance of shareholder
accounts as contemplated by National Association of Securities Dealers
(NASD) Rule 2830 (or any successor
thereto). |
• |
receiving, aggregating, and
processing purchase, exchange, and redemption requests from plan
shareholders; |
• |
providing plan shareholders
with a service that invests the assets of their accounts in shares
pursuant to pre-authorized instructions submitted by plan
members; |
• |
processing dividend payments
from the Funds on behalf of plan shareholders and changing shareholder
account designations; |
• |
acting as shareholder of
record and nominee for plans; |
• |
maintaining account records
for shareholders and/or other beneficial
owners; |
• |
providing notification to plan
shareholders of transactions affecting their
accounts; |
• |
forwarding prospectuses,
financial reports, tax information and other communications from the Fund
to beneficial owners; |
• |
distributing, receiving,
tabulating and transmitting proxy ballots of plan shareholders;
and |
• |
other similar administrative
services. |
• |
formulation and implementation
of marketing and promotional activities; |
• |
preparation, printing, and
distribution of sales literature; |
• |
preparation, printing, and
distribution of prospectuses and the Fund reports to other than existing
shareholders; |
• |
obtaining such information
with respect to marketing and promotional activities as the Distributor
deems advisable; |
• |
making payments to dealers and
others engaged in the sale of shares or who engage in shareholder support
services; and |
• |
providing training, marketing,
and support with respect to the sale of
shares. |
Share
Class |
Maximum
Annualized
12b-1
Fee |
A (except LargeCap S&P 500
Index, Money Market, and Short-Term Income Funds)(1) |
0.25% |
A of LargeCap S&P 500 Index
and Short-Term Income Funds(1) |
0.15% |
C (1) |
1.00% |
J (1) |
0.15% |
R-1 |
0.35% |
R-2 |
0.30% |
R-3 |
0.25% |
R-4 |
0.10% |
(1) The
Distributor also receives the proceeds of any CDSC
imposed. |
Fund |
Distribution/12b-1
Payments
(amounts in
thousands) | ||
California
Municipal |
$ |
987 |
|
Core Plus Bond |
731 |
| |
Diversified
International |
1,139 |
| |
Equity Income |
4,313 |
| |
Global Diversified
Income |
29,891 |
| |
Global Real Estate
Securities |
976 |
| |
Government & High Quality
Bond |
1,683 |
| |
High Yield |
6,016 |
| |
High Yield I |
11 |
| |
Income |
1,640 |
| |
Inflation
Protection |
103 |
| |
International Emerging
Markets |
477 |
| |
International I |
48 |
| |
LargeCap Growth |
1,236 |
| |
LargeCap Growth
I |
730 |
| |
LargeCap Growth
II |
78 |
| |
LargeCap S&P 500
Index |
2,521 |
| |
LargeCap Value |
671 |
| |
LargeCap Value
III |
175 |
| |
MidCap |
9,230 |
| |
MidCap Growth |
144 |
| |
MidCap Growth
III |
98 |
| |
MidCap S&P 400
Index |
635 |
| |
MidCap Value I |
230 |
| |
MidCap Value
III |
268 |
| |
Money Market |
677 |
| |
Overseas |
1 |
| |
Principal Capital
Appreciation |
2,856
|
| |
Principal LifeTime
2010 |
734 |
| |
Principal LifeTime
2015 |
309 |
| |
Principal LifeTime
2020 |
2,905 |
| |
Principal LifeTime
2025 |
625 |
| |
Principal LifeTime
2030 |
3,094 |
| |
Principal LifeTime
2035 |
433 |
| |
Principal LifeTime
2040 |
1,915 |
| |
Principal LifeTime
2045 |
264 |
| |
Principal LifeTime
2050 |
843 |
| |
Principal LifeTime
2055 |
77 |
| |
Principal LifeTime
2060 |
27 |
| |
Principal LifeTime Strategic
Income |
321 |
| |
Real Estate
Securities |
1,964 |
| |
SAM Balanced |
14,551 |
| |
SAM Conservative
Balanced |
4,873 |
| |
SAM Conservative
Growth |
9,789
|
| |
SAM Flexible
Income |
7,189 |
| |
SAM Strategic
Growth |
6,004
|
| |
Short-Term
Income |
1,608 |
| |
SmallCap |
1,190 |
| |
SmallCap Growth
I |
162 |
| |
SmallCap S&P 600
Index |
701 |
| |
SmallCap Value
II |
94 |
| |
Tax-Exempt Bond |
933 |
|
• |
For Classes A and C and
Institutional Class shares, the Fund pays PSS a fee for the services
provided pursuant to the Transfer Agency Agreement in an amount equal to
the costs incurred by PSS for providing such
services. |
• |
For Class J shares, the Fund
pays PSS a fee for the services provided pursuant to the Transfer Agency
Agreement in an amount that includes
profit. |
• |
issuance, transfer,
conversion, cancellation, and registry of ownership of Fund shares, and
maintenance of open account system; |
• |
preparation and distribution
of dividend and capital gain payments to
shareholders; |
• |
delivery, redemption and
repurchase of shares, and remittances to
shareholders; |
• |
the tabulation of proxy
ballots and the preparation and distribution to shareholders of notices,
proxy statements and proxies, reports, confirmation of transactions,
prospectuses and tax information; |
• |
communication with
shareholders concerning the above items;
and |
• |
use of its best efforts to
qualify the Capital Stock of the Fund for sale in states and jurisdictions
as directed by the Fund. |
1) |
Fund may not issue senior
securities, except as permitted under the 1940 Act, as amended, and as
interpreted, modified or otherwise permitted by regulatory authority
having jurisdiction, from time to time. |
2) |
Fund may not purchase or sell
commodities, except as permitted under the 1940 Act, as amended, and as
interpreted, modified or otherwise permitted by regulatory authority
having jurisdiction, from time to time. |
3) |
Fund may not purchase or sell
real estate, which term does not include securities of companies which
deal in real estate or mortgages or investments secured by real estate or
interests therein, except that each Fund reserves freedom of action to
hold and to sell real estate acquired as a result of the Fund’s ownership
of securities. |
4) |
Fund may not borrow money,
except as permitted under the 1940 Act, as amended, and as interpreted,
modified or otherwise permitted by regulatory authority having
jurisdiction, from time to time. |
5) |
Fund may not make loans except
as permitted under the 1940 Act, as amended, and as interpreted, modified
or otherwise permitted by regulatory authority having jurisdiction, from
time to time. |
6) |
Fund, except Finisterre
Unconstrained Emerging Markets Bond and Real Estate Securities Funds, has
elected to be treated as a “diversified” investment company, as that term
is used in the 1940 Act, as amended, and as interpreted, modified or
otherwise permitted by regulatory authority having jurisdiction, from time
to time. This restriction does not apply to the California Municipal
Fund. |
7) |
Fund may not invest more than
5% of its total assets in the securities of any one issuer (other than
obligations issued or guaranteed by the U.S. government or its agencies or
instrumentalities) or purchase more than 10% of the outstanding voting
securities of any one issuer, except that this limitation shall apply only
with respect to 75% of the total assets of the Fund. This restriction
applies only to the California Municipal
Fund. |
8) |
Fund may not concentrate, as
that term is used in the 1940 Act, its investments in a particular
industry, except as permitted under the 1940 Act, as amended, and as
interpreted, modified or otherwise permitted by regulatory authority
having jurisdiction, from time to time. This restriction does not
apply to the Global Real Estate Securities and Real Estate Securities
Funds (the restriction applies to the LargeCap S&P 500 Index, MidCap
S&P 400 Index, and SmallCap S&P 600 Index Funds except to the
extent that the related Index is also so
concentrated). |
9) |
Fund may not act as an
underwriter of securities, except to the extent that the Fund may be
deemed to be an underwriter in connection with the sale of securities held
in its portfolio. |
1) |
Invest more than 15% (5% in
the case of the Government Money Market and Money Market Funds) of its net
assets in illiquid securities and in repurchase agreements maturing in
more than seven days except to the extent permitted by applicable law or
regulatory authority having jurisdiction, from time to time.
|
2) |
Pledge, mortgage, or
hypothecate its assets, except to secure permitted borrowings. The deposit
of underlying securities and other assets in escrow and other collateral
arrangements in connection with transactions that involve any future
payment obligation, as permitted under the 1940 Act, as amended, and as
interpreted, modified or otherwise permitted by any regulatory authority
having jurisdiction, from time to time, are not deemed to be pledges,
mortgages, hypothecations, or other
encumbrances. |
3) |
Invest in companies for the
purpose of exercising control or
management. |
4) |
Invest more than 25% (35% for
High Yield Fund) of its assets in foreign securities, except that the
Diversified International, Finisterre Unconstrained Emerging Markets Bond,
Global Diversified Income, Global Real Estate Securities, International
Emerging Markets, Money Market, and Overseas Funds each may invest up to
100% of its assets in foreign securities, the LargeCap S&P 500 Index,
MidCap S&P 400 Index, and SmallCap S&P 600 Index Funds each may
invest in foreign securities to the extent that the relevant index is so
invested, and the California Municipal, Government & High Quality
Bond, Government Money Market and Tax-Exempt Bond Funds may not invest in
foreign securities. |
5) |
Invest more than 5% of its
total assets in real estate limited partnership interests (except the
Global Diversified Income, Global Real Estate Securities, and Real Estate
Securities Funds). |
6) |
Acquire securities of other
investment companies in reliance on Section 12(d)(1)(F) or (G) of the 1940
Act, invest more than 10% of its total assets in securities of other
investment companies, invest more than 5% of its total assets in the
securities of any one investment company, or acquire more than 3% of the
outstanding voting securities of any one investment company except in
connection with a merger, consolidation, or plan of reorganization and
except as permitted by the 1940 Act, SEC rules adopted under the 1940 Act
or exemptions granted by the Securities and Exchange Commission. The Fund
may purchase securities of closed-end investment companies in the open
market where no underwriter or dealer’s commission or profit, other than a
customary broker’s commission, is involved. This restriction does not
apply to the Government Money Market Fund.
|
7) |
Acquire securities of other
investment companies in reliance on Section 12(d)(1)(F) or (G) of the 1940
Act, invest more than 10% of its total assets in securities of other
investment companies, invest more than 5% of its total assets in the
securities of any one investment company, or acquire more than 3% of the
outstanding voting securities of any one investment company except in
connection with a merger, consolidation, or plan of reorganization and
except as permitted by the 1940 Act, SEC rules adopted under the 1940 Act
or exemptions granted by the Securities and Exchange Commission. This
restriction applies only to the Government Money Market Fund.
|
1) |
May not issue senior
securities, except as permitted under the 1940 Act, as amended, and as
interpreted, modified or otherwise permitted by regulatory authority
having jurisdiction, from time to time. |
2) |
May not purchase or sell
commodities, except as permitted under the 1940 Act, as amended, and as
interpreted, modified or otherwise permitted by regulatory authority
having jurisdiction, from time to time. |
3) |
May not purchase or sell real
estate, which term does not include securities of companies which deal in
real estate or mortgages or investments secured by real estate or
interests therein, except that the Fund reserves freedom of action to hold
and to sell real estate acquired as a result of the Fund’s ownership of
securities. |
4) |
May not borrow money, except
as permitted under the 1940 Act, as amended, and as interpreted, modified
or otherwise permitted by regulatory authority having jurisdiction, from
time to time. |
5) |
May not make loans except as
permitted under the 1940 Act, as amended, and as interpreted, modified or
otherwise permitted by regulatory authority having jurisdiction, from time
to time. |
6) |
Has elected to be treated as a
“diversified” investment company, as that term is used in the 1940 Act, as
amended, and as interpreted, modified or otherwise permitted by regulatory
authority having jurisdiction, from time to
time. |
7) |
May not concentrate, as that
term is used in the 1940 Act, its investments in a particular industry,
except as permitted under the 1940 Act, as amended, and as interpreted,
modified or otherwise permitted by regulatory authority having
jurisdiction, from time to time. |
8) |
May not act as an underwriter
of securities, except to the extent that the Fund may be deemed to be an
underwriter in connection with the sale of securities held in its
portfolio. |
1) |
Purchase securities on margin,
except that the Fund may obtain such short-term credits as are necessary
for the clearance of transactions, and provided that margin payments in
connection with futures contracts and options on futures contracts shall
not constitute purchasing securities on
margin. |
2) |
Purchase any security if, as a
result, more than 15% of its net assets would be invested in securities
that are deemed to be illiquid because they are subject to legal or
contractual restrictions on resale or because they cannot be sold or
disposed of in the ordinary course of business at approximately the prices
at which they are valued. |
3) |
Acquire securities of other
investment companies in reliance on Section 12(d)(1)(F) or (G) of the 1940
Act, invest more than 10% of its total assets in securities of other
investment companies, invest more than 5% of its total assets in the
securities of any one investment company, or acquire more than 3% of the
outstanding voting securities of any one investment company except in
connection with a merger, consolidation, or plan of reorganization and
except as permitted by the 1940 Act, SEC rules adopted under the 1940 Act
or exemptions granted by the Securities and Exchange Commission. The Fund
may purchase securities of closed-end investment companies in the open
market where no underwriter or dealer’s commission or profit, other than a
customary broker’s commission, is
involved. |
1) |
May not issue senior
securities, except as permitted under the 1940 Act, as amended, and as
interpreted, modified or otherwise permitted by regulatory authority
having jurisdiction, from time to time. |
2) |
May not purchase or sell
commodities, except as permitted under the 1940 Act, as amended, and as
interpreted, modified or otherwise permitted by regulatory authority
having jurisdiction, from time to time. |
3) |
May not purchase or sell real
estate, which term does not include securities of companies which deal in
real estate or mortgages or investments secured by real estate or
interests therein, except that each Fund reserves freedom of action to
hold and to sell real estate acquired as a result of the Fund’s ownership
of securities. |
4) |
May not borrow money, except
as permitted under the 1940 Act, as amended, and as interpreted, modified
or otherwise permitted by regulatory authority having jurisdiction, from
time to time. |
5) |
May not make loans except as
permitted under the 1940 Act, as amended, and as interpreted, modified or
otherwise permitted by regulatory authority having jurisdiction, from time
to time. |
6) |
Has elected to be treated as a
“diversified” investment company, as that term is used in the 1940 Act, as
amended, and as interpreted, modified or otherwise permitted by regulatory
authority having jurisdiction, from time to
time. |
7) |
May not concentrate, as that
term is used in the 1940 Act, its investments in a particular industry,
except as permitted under the 1940 Act, as amended, and as interpreted,
modified or otherwise permitted by regulatory authority having
jurisdiction, from time to time. |
8) |
May not act as an underwriter
of securities, except to the extent that the Fund may be deemed to be an
underwriter in connection with the sale of securities held in its
portfolio. |
1) |
Pledge, mortgage, or
hypothecate its assets, except to secure permitted borrowings. The deposit
of underlying securities and other assets in escrow and other collateral
arrangements in connection with transactions that involve any future
payment obligation, as permitted under the 1940 Act, as amended, and as
interpreted, modified or otherwise permitted by any regulatory authority
having jurisdiction, from time to time, by the underlying funds are not
deemed to be pledges, mortgages, hypothecations, or other
encumbrances. |
2) |
Invest in companies for the
purpose of exercising control or
management. |
• |
Exchange-Traded Options. An
exchange-traded option may be closed out only on an exchange that
generally provides a liquid secondary market for an option of the same
series. If a liquid secondary market for an exchange-traded option does
not exist, it might not be possible to effect a closing transaction with
respect to a particular option, with the result that a Fund would have to
exercise the option in order to consummate the
transaction. |
• |
Over the Counter ("OTC")
Options. OTC options differ from exchange-traded options in that they are
two-party contracts, with price and other terms negotiated between buyer
and seller, and generally do not have as much market liquidity as
exchange-traded options. An OTC option (an option not traded on an
established exchange) may be closed out only by agreement with the other
party to the original option transaction. With OTC options, a Fund is at
risk that the other party to the transaction will default on its
obligations or will not permit the Fund to terminate the transaction
before its scheduled maturity. While a Fund will seek to enter into OTC
options only with dealers who agree to or are expected to be capable of
entering into closing transactions with a Fund, there can be no assurance
that a Fund will be able to liquidate an OTC option at a favorable price
at any time prior to its expiration. OTC options are not subject to the
protections afforded purchasers of listed options by the Options Clearing
Corporation or other clearing
organizations. |
• |
Interest rate swaps. Interest
rate swaps involve the exchange by a Fund with another party of their
respective commitments to pay or receive interest (for example, an
exchange of floating rate payments for fixed rate payments with respect to
a notional amount of principal). Forms of swap agreements also
include interest rate caps, under which, in return for a premium, one
party agrees to make payments to the other to the extent that interest
rates exceed a specified rate, or "cap"; interest rate floors, under
which, in return for a premium, one party agrees to make payments to the
other to the extent that interest rates fall below a specified rate, or
"floor"; and interest rate collars, under which a party sells a cap and
purchases a floor or vice versa in an attempt to protect itself against
interest rate movements exceeding given minimum or maximum
levels. |
• |
Currency swaps. A currency
swap is an agreement to exchange cash flows on a notional amount based on
changes in the relative values of the specified
currencies. |
• |
Index swaps. An index swap is
an agreement to make or receive payments based on the different returns
that would be achieved if a notional amount were invested in a specified
basket of securities (such as the S&P 500 Index) or in some other
investment (such as U.S. Treasury
Securities). |
• |
Total return swaps. A total
return swap is an agreement to make payments of the total return from a
specified asset or instrument (or a basket of such instruments) during the
specified period, in return for payments equal to a fixed or floating rate
of interest or the total return from another specified asset or
instrument. Alternatively, a total return swap can be structured so that
one party will make payments to the other party if the value of the
relevant asset or instrument increases, but receive payments from the
other party if the value of that asset or instrument
decreases. |
• |
Commodity swap agreements.
Consistent with a Fund's investment objectives and general investment
policies, certain of the Funds may invest in commodity swap agreements.
For example, an investment in a commodity swap agreement may involve the
exchange of floating-rate interest payments for the total return on a
commodity index. In a total return commodity swap, a Fund will receive the
price appreciation of a commodity index, a portion of the index, or a
single commodity in exchange for paying an agreed-upon fee. If the
commodity swap is for one period, a Fund may pay a fixed fee, established
at the outset of the swap. However, if the term of the commodity swap is
for more than one period, with interim swap payments, a Fund may pay an
adjustable or floating fee. With a "floating" rate, the fee may be pegged
to a base rate, such as the London Interbank Offered Rate, and is adjusted
each period. Therefore, if interest rates increase over the term of the
swap contract, a Fund may be required to pay a higher fee at each swap
reset date. |
• |
Credit default swap
agreements. The "buyer" in a credit default contract is obligated to pay
the "seller" a periodic stream of payments over the term of the contract
provided that no event of default on an underlying reference obligation
has occurred. If an event of default occurs, the seller must pay the buyer
the full notional value, or "par value," of the reference obligation in
exchange for the reference obligation. A Fund may be either the buyer or
seller in a credit default swap transaction. If a Fund is a buyer and no
event of default occurs, the Fund will lose its investment and recover
nothing. However, if an event of default occurs, the Fund (if the buyer)
will receive the full notional value of the reference obligation that may
have little or no value. As a seller, a Fund receives a fixed rate of
income throughout the term of the contract, which typically is between six
months and five years, provided that there is no default event. If an
event of default occurs, the seller must pay the buyer the full notional
value of the reference obligation. In addition, collateral posting
requirements are individually negotiated and there is no regulatory
requirement that a counterparty post collateral to secure its obligations
or a specified amount of cash, depending upon the terms of the swap, under
a credit default swap. Furthermore, there is no requirement that a party
be informed in advance when a credit default swap agreement is sold.
Accordingly, a Fund may have difficulty identifying the party responsible
for payment of its claims. The notional value of credit default swaps with
respect to a particular investment is often larger than the total par
value of such investment outstanding and, in event of a default, there may
be difficulties in making the required deliveries of the reference
investments, possibly delaying payments. |
• |
Investment Pools. The Funds
may invest in publicly or privately issued interests in investment pools
whose underlying assets are credit default, credit-linked, interest rate,
currency exchange, equity-linked or other types of swap contracts and
related underlying securities or securities loan agreements. The pools’
investment results may be designed to correspond generally to the
performance of a specified securities index or “basket” of securities, or
sometimes a single security. These types of pools are often used to gain
exposure to multiple securities with a smaller investment than would be
required to invest directly in the individual securities. They also may be
used to gain exposure to foreign securities markets without investing in
the foreign securities themselves and/or the relevant foreign market. To
the extent that a Fund invests in pools of swaps and related underlying
securities or securities loan agreements whose return corresponds to the
performance of a foreign securities index or one or more foreign
securities, investing in such pools will involve risks similar to the
risks of investing in foreign securities. In addition to the risks
associated with investing in swaps generally, a Fund bears the risks and
costs generally associated with investing in pooled investment vehicles,
such as paying the fees and expenses of the pool and the risk that the
pool or the operator of the pool may default on its obligations to the
holder of interests in the pool, such as a Fund. Interests in privately
offered investment pools of swaps may be considered
illiquid. |
• |
Contracts for differences.
“Contracts for differences” are swap arrangements in which a Fund may
agree with a counterparty that its return (or loss) will be based on the
relative performance of two different groups or “baskets” of securities.
For example, as to one of the baskets, a Fund’s return is based on
theoretical long futures positions in the securities comprising that
basket, and as to the other basket, a Fund’s return is based on
theoretical short futures positions in the securities comprising that
other basket. The notional sizes of the baskets will not necessarily be
the same, which can give rise to investment leverage. A Fund may also use
actual long and short futures positions to achieve the market exposure(s)
as contracts for differences. A Fund may enter into swaps and contracts
for differences for investment return, hedging, risk management and for
investment leverage. |
• |
Swaptions. A swap option (also
known as “swaptions”) is a contract that gives a counterparty the right
(but not the obligation) in return for payment of a premium, to enter into
a new swap agreement or to shorten, extend, cancel, or otherwise modify an
existing swap agreement, at some designated future time on specified
terms. The buyer and seller of the swap option agree on the strike price,
length of the option period, the term of the swap, notional amount,
amortization and frequency of settlement. A Fund may engage in swap
options for hedging purposes or in an attempt to manage and mitigate
credit and interest rate risk. Each Fund (except the Government Money
Market and Money Market Funds) may write (sell) and purchase put and call
swap options. The use of swap options involves risks, including, among
others, imperfect correlation between movements of the price of the swap
options and the price of the securities, indices or other assets serving
as reference instruments for the swap option, reducing the effectiveness
of the instrument for hedging or investment purposes.
|
• |
the frequency of trades and
quotations, |
• |
the number of dealers and
prospective purchasers in the
marketplace, |
• |
dealer undertakings to make a
market, |
• |
the nature of the security
(including any demand or tender features),
and |
• |
the nature of the marketplace
for trades (including the ability to assign or offset a portfolio's rights
and obligations relating to the
investment). |
• |
Bank Notes are notes issued by
local governmental bodies and agencies such as those described above to
commercial banks as evidence of borrowings. The purposes for which the
notes are issued are varied but they are frequently issued to meet
short-term working-capital or capital-project needs. These notes may have
risks similar to the risks associated with TANs and
RANs. |
• |
Bond Anticipation Notes
("BANs") are usually general obligations of state and local governmental
issuers which are sold to obtain interim financing for projects that will
eventually be funded through the sale of long-term debt obligations or
bonds. The ability of an issuer to meet its obligations on its BANs is
primarily dependent on the issuer's access to the long-term municipal bond
market and the likelihood that the proceeds of such bond sales will be
used to pay the principal and interest on the
BANs. |
• |
Construction Loan Notes are
issued to provide construction financing for specific projects. Permanent
financing, the proceeds of which are applied to the payment of
construction loan notes, is sometimes provided by a commitment by the
Government National Mortgage Association ("GNMA") to purchase the loan,
accompanied by a commitment by the Federal Housing Administration to
insure mortgage advances thereunder. In other instances, permanent
financing is provided by commitments of banks to purchase the loan. The
California Municipal and Tax-Exempt Bond Funds will only purchase
construction loan notes that are subject to GNMA or bank purchase
commitments. |
• |
Revenue Anticipation Notes
("RANs") are issued by governments or governmental bodies with the
expectation that future revenues from a designated source will be used to
repay the notes. In general they also constitute general obligations of
the issuer. A decline in the receipt of projected revenues, such as
anticipated revenues from another level of government, could adversely
affect an issuer's ability to meet its obligations on outstanding RANs. In
addition, the possibility that the revenues would, when received, be used
to meet other obligations could affect the ability of the issuer to pay
the principal and interest on RANs. |
• |
Tax Anticipation Notes
("TANs") are issued by state and local governments to finance the current
operations of such governments. Repayment is generally to be derived from
specific future tax revenues. TANs are usually general obligations of the
issuer. A weakness in an issuer's capacity to raise taxes due to, among
other things, a decline in its tax base or a rise in delinquencies, could
adversely affect the issuer's ability to meet its obligations on
outstanding TANs. |
Fund |
2016
Turnover |
2015
Turnover |
Comments |
Principal Capital Appreciation
Fund |
34.5% |
14.0% |
2016 turnover rates increased
from 2015 due to the fund transitioning to fewer portfolio
holdings. |
Principal LifeTime 2010
Fund |
15.1% |
32.7% |
There were more changes to
underlying funds in 2015 than in 2016, resulting in lower
turnover. |
Principal LifeTime 2015
Fund |
13.9% |
39.3% |
There were more changes to
underlying funds in 2015 than in 2016, resulting in lower
turnover. |
Principal LifeTime 2020
Fund |
12.0% |
33.5% |
There were more changes to
underlying funds in 2015 than in 2016, resulting in lower
turnover. |
Principal LifeTime 2025
Fund |
13.7% |
49.9% |
There were more changes to
underlying funds in 2015 than in 2016, resulting in lower
turnover. |
Principal LifeTime 2030
Fund |
15.2% |
36.0% |
There were more changes to
underlying funds in 2015 than in 2016, resulting in lower
turnover. |
Principal LifeTime 2035
Fund |
15.2% |
38.8% |
There were more changes to
underlying funds in 2015 than in 2016, resulting in lower
turnover. |
Principal LifeTime 2045
Fund |
14.7% |
33.3% |
There were more changes to
underlying funds in 2015 than in 2016, resulting in lower
turnover. |
Principal LifeTime Hybrid 2020
Fund |
14.7% |
40.7% |
There were more changes to
underlying funds in 2015 than in 2016, resulting in lower
turnover. |
Principal LifeTime Hybrid 2025
Fund |
25.5% |
89.0% |
There were more changes to
underlying funds in 2015 than in 2016, resulting in lower
turnover. |
Principal LifeTime Hybrid 2030
Fund |
12.1% |
27.3% |
There were more changes to
underlying funds in 2015 than in 2016, resulting in lower
turnover. |
Principal LifeTime Hybrid 2040
Fund |
13.0% |
36.5% |
There were more changes to
underlying funds in 2015 than in 2016, resulting in lower
turnover. |
Principal LifeTime Hybrid 2055
Fund |
20.1% |
49.9% |
There were more changes to
underlying funds in 2015 than in 2016, resulting in lower
turnover. |
Principal LifeTime Hybrid 2060
Fund |
21.8% |
70.5% |
There were more changes to
underlying funds in 2015 than in 2016, resulting in lower
turnover. |
Principal LifeTime Hybrid
Income Fund |
25.5% |
116.2% |
There were more changes to
underlying funds in 2015 than in 2016, resulting in lower
turnover. |
Principal LifeTime Strategic
Income Fund |
18.2% |
36.8% |
There were more changes to
underlying funds in 2015 than in 2016, resulting in lower
turnover. |
SAM Strategic Growth
Portfolio |
22.9% |
51.2% |
There was less fund movement in
2016 than in 2015, resulting in lower
turnover. |
• |
Traditional Preferred
Securities. Traditional preferred securities may be issued by an entity
taxable as a corporation and pay fixed or floating rate dividends.
However, these claims are subordinated to more senior creditors, including
senior debt holders. “Preference” means that a company must pay dividends
on its preferred securities before paying any dividends on its common
stock, and the claims of preferred securities holders are ahead of common
stockholders’ claims on assets in a corporate liquidation. Holders of
preferred securities usually have no right to vote for corporate directors
or on other matters. Preferred securities share many investment
characteristics with both common stock and
bonds. |
• |
Hybrid or Trust Preferred
Securities. Hybrid-preferred securities are debt instruments that have
characteristics similar to those of traditional preferred securities
(characteristics of both subordinated debt and preferred stock). Hybrid
preferred securities may be issued by corporations, generally in the form
of interest-bearing instruments with preferred securities characteristics,
or by an affiliated trust or partnership of the corporation, generally in
the form of preferred interests in subordinated business trusts or
similarly structured securities. The hybrid-preferred securities market
consists of both fixed and adjustable coupon rate securities that are
either perpetual in nature or have stated maturity dates. Hybrid preferred
holders generally have claims to assets in a corporate liquidation that
are senior to those of traditional preferred securities but subordinate to
those of senior debt holders. Certain subordinated debt and senior debt
issues that have preferred characteristics are also considered to be part
of the broader preferred securities
market. |
• |
Floating rate preferred
securities. Floating rate preferred securities provide for a periodic
adjustment in the interest rate paid on the securities. The terms of such
securities provide that interest rates are adjusted periodically based
upon an interest rate adjustment index. The adjustment intervals may be
regular, and range from daily up to annually, or may be event-based, such
as a change in the short-term interest rate. Because of the interest rate
reset feature, floating rate securities provide the Fund with a certain
degree of protection against rising interest rates, although the interest
rates of floating rate securities will participate in any declines in
interest rates as well. |
• |
U.S. Government Securities -
Securities issued or guaranteed by the U.S. government, including treasury
bills, notes, and bonds. |
• |
U.S. Government Agency
Securities - Obligations issued or guaranteed by agencies or
instrumentalities of the U.S. government. |
• |
U.S. agency obligations
include, but are not limited to, the Bank for Cooperatives, Federal Home
Loan Banks, and Federal Intermediate Credit
Banks. |
• |
U.S. instrumentality
obligations include, but are not limited to, the Export-Import Bank,
Federal Home Loan Mortgage Corporation, and Federal National Mortgage
Association. |
• |
Bank Obligations -
Certificates of deposit, time deposits and bankers' acceptances of U.S.
commercial banks having total assets of at least one billion dollars and
overseas branches of U.S. commercial banks and foreign banks, which in the
opinion of those managing the fund's investments, are of comparable
quality. The Fund may acquire obligations of U.S. banks that are not
members of the Federal Reserve System or of the Federal Deposit Insurance
Corporation. |
• |
Commercial Paper - Short-term
promissory notes issued by U.S. or foreign
corporations. |
• |
Short-term Corporate Debt -
Corporate notes, bonds, and debentures that at the time of purchase have
397 days or less remaining to maturity, with certain exceptions permitted
by applicable regulations. |
• |
Repurchase Agreements -
Instruments under which securities are purchased from a bank or securities
dealer with an agreement by the seller to repurchase the securities at the
same price plus interest at a specified
rate. |
• |
Taxable Municipal Obligations
- Short-term obligations issued or guaranteed by state and municipal
issuers which generate taxable income. |
Name,
Address,
and Year of
Birth |
Position(s)
Held
with
Fund |
Length
of
Time
Served
as
Director |
Principal
Occupation(s)
During Past
5 Years |
Number
of
Portfolios
in
Fund
Complex
Overseen
by
Director |
Other
Directorships
Held by
Director
During Past
5 Years |
Elizabeth
Ballantine
711 High Street
Des Moines, IA
50392
1948 |
Director
Member Nominating and
Governance Committee |
Since 2004 |
Principal, EBA
Associates
(consulting and
investments) |
131 |
Durango Herald,
Inc.;
McClatchy Newspapers,
Inc. |
Leroy T. Barnes,
Jr.
711 High Street
Des Moines, IA
50392
1951 |
Director
Member Audit
Committee |
Since 2012 |
Retired
|
131 |
McClatchy Newspapers, Inc.;
Herbalife Ltd.; Frontier Communications, Inc. |
Christopher O.
Blunt
711 High Street
Des Moines, IA
50392
1962 |
Director
Member Nominating &
Governance
Committee |
Since 2017 |
Formerly, President of
Investments Group, New York Life Insurance Company |
131 |
MainStay Funds
Trust*
MainStay VP Funds
Trust
MainStay Defined Term
Municipal
Opportunities Fund
Investment Company Institute
(ICI) |
Craig Damos
711 High Street
Des Moines, IA
50392
1954 |
Director
Member 15(c)
Committee
Member Audit
Committee |
Since 2008 |
President, The Damos Company
(consulting services). |
131 |
Hardin
Construction |
Mark A. Grimmett
711 High Street
Des Moines, IA
50392
1960 |
Director
Member 15(c)
Committee
Member Executive
Committee
Member Nominating and
Governance Committee |
Since 2004 |
Formerly, Executive Vice
President and CFO, Merle Norman Cosmetics, Inc. (cosmetics
manufacturing) |
131 |
None |
Fritz S. Hirsch
711 High Street
Des Moines, IA
50392
1951 |
Director
Member 15(c)
Committee
Member Operations
Committee |
Since 2005 |
Formerly CEO, MAM USA
(manufacturer of infant and juvenile products). |
131 |
Focus Products Group
(housewares); MAM USA |
Tao Huang
711 High Street
Des Moines, IA
50392
1962 |
Director
Member 15(c)
Committee
Member Operations
Committee |
Since 2012 |
Retired |
131 |
Armstrong World Industries,
Inc. (manufacturing) |
Karen (“Karrie”)
McMillan
711 High Street
Des Moines, IA
50392
1961 |
Director
Member Operations
Committee |
Since 2014 |
Managing Director, Patomak
Global Partners, LLC (financial services consulting). Formerly, General
Counsel, Investment Company Institute |
131 |
None |
Elizabeth A.
Nickels
711 High Street
Des Moines, IA
50392
1962 |
Director
Member Audit
Committee |
Since 2015 |
Formerly Executive Director,
Herman Miller Foundation; Formerly President Herman Miller
Healthcare |
131 |
Charlotte Russe; Follet
Corporation; PetSmart; SpartanNash; Spectrum Health
Systems |
*One of the Fund’s sub-advisors
(T. Rowe Price) also serves as a sub-advisor for the MainStay
Funds. |
Name,
Address,
and Year of
Birth |
Position(s)
Held
with
Fund |
Length
of
Time
Served
|
Positions
with the Manager
and its
affiliates;
Principal
Occupation(s)
During Past
5 Years**
(unless
noted otherwise) |
Number
of
Portfolios
in
Fund
Complex
Overseen
by
Director |
Other
Directorships
Held
by
Director
During Past
5
Years |
Michael J. Beer
Des Moines, IA
50392
1961
|
Chief Executive Officer
President
Director
Member Executive
Committee |
Since 2015 Since
2015
Since 2012
Since 2001 |
Chief Executive Officer,
PFD
Executive Director - Funds, PGI (since 2017) Director, PGI (since
2017)
Director, PFD (since 2015)
VP/Mutual Funds & Broker Dealer, PLIC (2001-2014) VP/Chief Operating Officer Principal Funds, PLIC (2014-2015) Executive Director/Principal Funds & Trust, PLIC (since 2015) President & Chief Executive Officer, PMC (2015-2017) EVP/Chief Operating Officer, PMC (2008-2015) Chair, PMC (2015-2017) Director, PMC (2006-2015) Director, PSI (2005-2015) President, PSI (2005-2015) Chairman, PSS (since 2015) Director, PSS (2007-2015) President, PSS (2007-2015) Executive Vice President, PSS (since 2015) |
131 |
None |
Nora M. Everett
Des Moines, IA
50392
1959 |
Chair
Director
Member Executive
Committee |
Since 2012
Since 2008 |
Director, Finisterre (since
2011) Director, Origin (since 2011) Chairman, PFA (2010-2015) Chairman, PFD (2011-2015) President/RIS, PLIC (since 2015) Senior Vice President/RIS, PLIC (2008-2015) Chairman, PMC (2011-2015) President, PMC (2008-2015) Director, PSI (2008-2011, and since 2015) Chief Executive Officer, PSI (2009-2015) Chairman, PSI (2011-2015) Chairman, PSS (2011-2015) |
131 |
None |
Name,
Address
and Year of
Birth |
Position(s)
Held
with Fund
and
Length of
Time Served |
Positions
with the Manager and its Affiliates;
Principal
Occupations During Past 5 Years**
(unless
noted otherwise) |
Michael J. Beer
Des Moines, IA
50392
1961 |
Chief Executive Officer (since
2015)
President (since
2015)
Director (since
2012)
Member Executive
Committee |
Chief Executive Officer,
PFD
Executive Director - Funds, PGI (since 2017) Director, PGI (since
2017)
Director, PFD (since 2015)
VP/Mutual Funds & Broker Dealer, PLIC (2001-2014) VP/Chief Operating Officer Principal Funds, PLIC (2014-2015) Executive Director/Principal Funds & Trust, PLIC (since 2015) President & Chief Executive Officer, PMC (2015-2017) EVP/Chief Operating Officer, PMC (2008-2015) Chair, PMC (2015-2017) Director, PMC (2006-2015) Director, PSI (2005-2015) President, PSI (2005-2015) Chairman, PSS (since 2015) Director, PSS (2007-2015) President, PSS (2007-2015) Executive Vice President, PSS (since 2015) |
Randy L. Bergstrom
Des Moines, IA 50392
1955 |
Assistant Tax
Counsel
(since 2005) |
Counsel, PGI
Counsel,
PLIC |
Jennifer A. Block
Des Moines, IA
50392
1973 |
Vice President and Counsel
(since 2017)
Assistant Counsel
(2010-2017)
Assistant Secretary (since
2015)
|
Counsel, PFD (2009-2013)
Counsel, PLIC Counsel, PMC (2009-2013, 2014-2017) Counsel, PSI (2009-2013) Counsel, PSS (2009-2013) |
Tracy Bollin
Des Moines, IA
50392
1970 |
Chief Financial
Officer
(since 2014)
|
Managing Director, PGI (since
2016)
Chief Operating Officer, PMC
(2015-2017)
Chief Financial Officer, PFA
(2010-2015)
Senior Vice President, PFD
(since 2015)
Chief Financial Officer, PFD
(2010-2016)
Senior Vice President, PMC
(2015-2017)
Chief Financial Officer, PMC
(2010-2015)
Director, PMC (2014-2017)
Chief Financial Officer, PSI
(2010-2015)
Director, PSS (since 2014)
President, PSS (since
2015)
Chief Financial Officer, PSS
(2010-2015) |
David J. Brown
Des Moines, IA 50392
1960 |
Chief Compliance
Officer
(since 2004) |
Senior Vice President,
PFD Chief Compliance Officer-Funds, PLIC (since 2016) Vice President/Compliance, PLIC (2004-2016) Senior Vice President, PMC (through 2017) Senior Vice President, PSI Senior Vice President, PSS |
Nora M. Everett
Des Moines, IA 50392
1959 |
Chair (since 2012)
Director (since
2008)
Member Executive
Committee |
Director, Finisterre (since
2011) Director, Origin (since 2011) Chairman, PFA (2010-2015) Chairman, PFD (2011-2015) President/RIS, PLIC (since 2015) Senior Vice President/RIS, PLIC (2008-2015) Chairman, PMC (2011-2015) President, PMC (2008-2015) Director, PSI (2008-2011, and since 2015) Chief Executive Officer, PSI (2009-2015) Chairman, PSI (2011-2015) Chairman, PSS (2011-2015) |
Gina L. Graham
Des Moines, IA
50392
1965 |
Treasurer (since
2016) |
Vice President/Treasurer, PFA
(since 2016)
Vice President/Treasurer, PFD
(since 2016)
Vice President/Treasurer, PGI
(since 2016)
Vice President/Treasurer, PLIC
(since 2016)
Vice President/Treasurer, PMC
(2016-2017)
Vice President/Treasurer,
Principal-REI (since 2016)
Vice President/Treasurer, PSI
(since 2016)
Vice President/Treasurer, PSS
(since 2016) |
Name,
Address
and Year of
Birth |
Position(s)
Held
with Fund
and
Length of
Time Served |
Positions
with the Manager and its Affiliates;
Principal
Occupations During Past 5 Years**
(unless
noted otherwise) |
Layne A. Rasmussen
Des Moines, IA 50392
1958 |
Vice President (since
2005) |
Vice President/Controller, PMC
(through 2017) |
Sara L. Reece
Des Moines, IA 50392
1975 |
Vice President and Controller
(since 2016) |
Director - Accounting, PLIC
(since 2015)
Assistant Financial Controller,
PLIC (prior to 2015) |
Greg Reymann
Des Moines, IA
50392
1958 |
Assistant Counsel
(since 2014) |
Assistant General Counsel, PLIC
(since 2014)
Assistant General Counsel, PMC
(2015-2017)
Assistant General Counsel, TAMG
(2013-2014)
Vice President/CFTC Principal,
TAM (2013-2014)
VP, Chief Compliance Officer
and Chief Risk Officer, TAM (2010-2012) |
Teri R. Root
Des Moines, IA
50392
1979 |
Deputy Chief Compliance
Officer
(since 2015) |
Vice President and Chief
Compliance Officer, PMC (2015-2017)
Compliance Officer, PMC
(2010-2013)
Vice President, PSS (since
2015) |
Britney L.
Schnathorst
Des Moines, IA
50392
1981 |
Assistant Secretary (since
2017)
Assistant Counsel (since
2014)
|
Counsel, PLIC (since
2013)
Prior thereto, Attorney in
Private Practice |
Adam U. Shaikh
Des Moines, IA 50392
1972 |
Assistant Counsel
(since 2006) |
Counsel, PFD
(2006-2013)
Counsel, PLIC Counsel, PMC (2007-2013, 2014-2017) Counsel, PSI (2007-2013) Counsel, PSS (2007-2013) |
Dan L. Westholm
Des Moines, IA 50392
1966 |
Assistant Treasurer
(since 2006) |
Assistant Vice
President/Treasury, PFA (since 2013) Director-Treasury, PFA (2011-2013) Assistant Vice President/Treasury, PFD (since 2013) Director-Treasury, PFD (2011-2013) Assistant Vice President/Treasury, PLIC (since 2014) Director-Treasury, PLIC (2007-2014) Director-Treasury, PMC (2003-2013) Assistant Vice President/Treasury, PMC (since 2013) Assistant Vice President/Treasury, PSI (since 2013) Director-Treasury, PSI (2011-2013) Assistant Vice President/Treasury, PSS (since 2013) Director-Treasury, PSS (2007-2013) |
Beth C. Wilson
Des Moines, IA 50392
1956 |
Vice President and Secretary
(since 2007) |
Director and Secretary-Funds,
PLIC
Vice President, PMC
(2007-2013) |
Clint Woods
Des Moines, IA
50392
1961 |
Of Counsel (since
2017)
Vice President
(2016-2017)
Counsel
(2015-2017)
|
Vice President, Associate
General Counsel, Governance Officer, and Assistant Corporate Secretary,
PLIC (since 2015)
Assistant General Counsel,
Assistant Corporate Secretary, and Governance Officer, PLIC
(2013-2015)
Associate General Counsel,
AEGON (2003-2012) |
Jared Yepsen
Des Moines, IA
50392
1981
|
Assistant Tax Counsel (since
2017) |
Counsel, PGI (since
2017)
Counsel, PLIC (since
2015)
Senior Attorney, TLIC
(2013-2015)
Attorney, TLIC
(2010-2013) |
** |
Abbreviations
used: |
• |
AEGON USA Investment
Management, LLC (AEGON) |
• |
Finisterre Capital LLP
(Finisterre) |
• |
Origin Asset Management LLP
(Origin) |
• |
Post Advisory Group, LLC
(Post) |
• |
Principal Financial Advisors,
Inc. (PFA) |
• |
Principal Securities, Inc.
(PSI) formerly Princor Financial Services
Corporation |
• |
Principal Funds Distributor,
Inc. (PFD) |
• |
Principal Global Investors, LLC
(PGI) |
• |
Principal Life Insurance
Company (PLIC) |
• |
Principal Management
Corporation (PMC) |
• |
Principal Real Estate
Investors, LLC (Principal-REI) |
• |
Principal Shareholder Services,
Inc. (PSS) |
• |
Spectrum Asset Management, Inc.
(Spectrum) |
• |
Transamerica Asset Management,
Inc. (TAM) |
• |
Transamerica Asset Management
Group (TAMG) |
• |
Transamerica Life Insurance
Company (TLIC) |
Fund
|
Ballantine |
Barnes |
Blunt* |
Damos |
Grimmett |
Hirsch |
Huang |
McMillan |
Nickels |
Core Plus Bond |
A |
A |
A |
A |
D |
C |
A |
A |
A |
Diversified International
|
C |
A |
A |
A |
A |
C |
A |
A |
A |
Equity Income |
A |
A |
A |
A |
A |
A |
D |
A |
A |
Global Diversified Income
|
A |
E |
A |
D |
A |
C |
A |
D |
A |
Global Real Estate
Securities |
A |
A |
A |
A |
A |
C |
A |
A |
A |
Government & High Quality
Bond |
A |
A |
A |
A |
D |
A |
A |
A |
A |
High Yield |
A |
A |
A |
C |
A |
C |
A |
A |
A |
Income |
A |
A |
A |
A |
D |
A |
A |
A |
A |
Inflation
Protection |
A |
A |
A |
A |
D |
C |
A |
A |
A |
International Emerging
Markets |
C |
A |
A |
A |
A |
C |
A |
A |
A |
LargeCap S&P 500 Index
|
A |
A |
A |
A |
C |
D |
A |
A |
A |
MidCap |
A |
A |
A |
E |
E |
A |
A |
A |
A |
Money Market |
A |
A |
A |
A |
B |
A |
A |
A |
A |
Principal Capital Appreciation
|
C |
A |
A |
A |
A |
A |
A |
A |
A |
Principal LifeTime 2010
|
A |
A |
A |
A |
E |
A |
A |
A |
A |
Principal LifeTime 2030
|
A |
A |
A |
A |
A |
E |
A |
A |
A |
Real Estate Securities
|
D |
A |
C |
E |
A |
A |
C |
A |
A |
SAM Balanced |
A |
A |
A |
C |
A |
A |
A |
A |
A |
SAM Flexible
Income |
A |
A |
A |
A |
E |
A |
A |
A |
A |
Short-Term
Income |
A |
A |
A |
A |
E |
A |
A |
A |
A |
SmallCap |
A |
A |
A |
A |
D |
A |
C |
A |
A |
SmallCap Value
II |
A |
A |
A |
A |
A |
C |
A |
A |
A |
Total Fund
Complex |
E |
E |
C |
E |
E |
E |
E |
E |
E |
Fund |
Beer |
Everett |
MidCap |
D |
A |
Principal
Funds, Inc. (through participation in an Employee benefit
plan) |
Beer |
Everett |
Diversified
International |
A |
E |
Equity Income |
C |
E |
Global Diversified
Income |
B |
A |
Inflation
Protection |
D |
A |
International Emerging
Markets |
B |
D |
LargeCap Growth
I |
C |
A |
LargeCap S&P 500
Index |
C |
A |
MidCap |
C |
E |
Principal LifeTime
2010 |
C |
A |
Principal LifeTime
2030 |
B |
A |
Real Estate
Securities |
C |
A |
SmallCap |
B |
A |
SmallCap S&P 600
Index |
C |
A |
SmallCap Value
II |
C |
A |
Total Fund
Complex |
E |
E |
Independent
Directors’ Ownership in Investment Advisers and/or Certain Entities They
Control or that are under Common Control (as of March
31, 2017) | |||||
Director |
Owner |
Company |
Title of
Class |
Value |
Percent of
Class |
Craig Damos |
Sue A. Damos 2003
Rev.Trust |
Fortress Special Opportunities
ASP Fund* |
A |
$279,009 |
<1% |
Director |
The Funds in
this SAI* |
Fund
Complex |
Elizabeth
Ballantine |
$205,468 |
$260,300 |
Leroy T. Barnes,
Jr. |
$211,005 |
$267,500 |
Christopher O.
Blunt** |
$0 |
$0 |
Craig Damos |
$220,798 |
$279,700 |
Mark A.
Grimmett |
$238,624 |
$302,500 |
Fritz S. Hirsch |
$225,212 |
$285,500 |
Tao Huang |
$213,378 |
$270,500 |
Karen ("Karrie")
McMillan |
$209,433 |
$265,500 |
Elizabeth A.
Nickels |
$230,740 |
$290,133 |
* |
Some of the Funds in this SAI
have not completed a full year of operation. The Finisterre Unconstrained
Emerging Markets Bond Fund is new as of June 28, 2016, and the Principal
LifeTime 2065, Principal LifeTime Hybrid 2065, and Government Money Market
Funds are new since the most recent fiscal year
end. |
Sub-Advisor: |
AllianceBernstein
L.P. ("AllianceBernstein") is controlled by AXA, AXA
Financial, Inc., AXA Equitable Life Insurance Company ("AXA Equitable"),
and certain subsidiaries of AXA Equitable, which directly and indirectly
represent a controlling economic interest in
AllianceBernstein. |
Fund(s): |
a portion of the assets of
SmallCap Growth I |
Sub-Advisor: |
American
Century Investment Management, Inc. ("American Century") is a direct, wholly-owned
subsidiary of American Century Companies, Inc. ("ACC").The Stowers
Institute for Medical Research ("SIMR") controls ACC by virtue of its
beneficial ownership of more than 25% of the voting securities of ACC.
SIMR is part of a not-for-profit biomedical research
organization. |
Fund(s): |
a portion of the assets of
LargeCap Growth II |
Sub-Advisor:
|
Analytic
Investors, LLC (“Analytic Investors”), is wholly-owned by Wells
Capital Management, Inc. Wells Capital Management is a subsidiary of Wells
Fargo Bank, which is directly and wholly owned by Wells Fargo &
Company. |
Fund(s): |
a portion of the assets of
Global Diversified Income |
Sub-Advisor: |
Barrow,
Hanley, Mewhinney & Strauss, LLC ("BHMS") is a subsidiary of OM Asset
Management Plc, a publicly-held company traded on the New York Stock
Exchange. |
Fund(s): |
a portion of the assets of
LargeCap Value III, a portion of the assets of MidCap Value III, and a
portion of the assets of Overseas |
Sub-Advisor: |
BlackRock
Financial Management, Inc. (“BlackRock”) is a wholly owned subsidiary
of BlackRock Holdco 2, Inc., which is a wholly owned subsidiary of
BlackRock, Inc. BlackRock and its affiliates manage investment company and
other portfolio assets. |
Fund(s): |
a portion of the assets of
Inflation Protection |
Sub-Sub-Advisor: |
BlackRock
International Limited is an indirect wholly owned
subsidiary of BlackRock, Inc. |
Fund(s): |
a portion of the assets of
Inflation Protection |
Sub-Advisor: |
Brown
Advisory, LLC (“Brown”) is a wholly-owned subsidiary
of Brown Advisory Management, LLC. |
Fund(s): |
a portion of the assets of
LargeCap Growth I and a portion of the assets of SmallCap Growth
I |
Sub-Advisor: |
Causeway
Capital Management LLC (“Causeway”) is wholly owned by Causeway
Capital Holdings LLC. |
Fund(s): |
a portion of the assets of
Overseas |
Sub-Advisor: |
Colonial
First State Asset Management (Australia) Limited is 100% owned by Colonial
First State Group Limited, which is a wholly-owned subsidiary of
Commonwealth Bank of Australia (“CBA”). CBA was founded in 1911 and is
Australia's largest bank by market capitalization and provides integrated
financial services. |
Fund(s): |
a portion of the assets of
Global Diversified Income |
Sub-Advisor: |
Columbus
Circle Investors (“CCI”) is an affiliate of PGI, which
is a member of Principal®. |
Fund(s): |
LargeCap Growth and MidCap
Growth |
Sub-Advisor:
|
DDJ Capital
Management, LLC (“DDJ”) is a privately-owned
Massachusetts limited liability company. David Breazzano, DDJ’s
co-founder, president and chief investment officer, is the largest equity
owner and holds 100% voting control of the firm.
|
Fund(s):
|
a portion of the assets of
Global Diversified Income and a portion of the assets of High Yield I
|
Sub-Advisor: |
Dimensional
Fund Advisors LP (“Dimensional”) is controlled and operated by
its general partner, Dimensional Holdings Inc., a Delaware
corporation. |
Fund(s): |
a portion of the assets of
SmallCap Value II |
Sub-Advisor: |
Eagle Asset
Management, Inc. is a wholly owned subsidiary
of Raymond James Financial, Inc. |
Fund(s): |
a portion of the assets of
MidCap Growth III |
Sub-Advisor: |
Emerald
Advisers, Inc. (“Emerald”) is a wholly owned subsidiary
of Emerald Asset Management. |
Fund(s): |
a portion of the assets of
SmallCap Growth I |
Sub-Advisor:
|
Finisterre
Capital LLP (“Finisterre”) is an indirect subsidiary of
Principal Financial Group, Inc. |
Fund(s):
|
Finisterre Unconstrained
Emerging Markets Bond |
Sub-Advisor:
|
Logan
Circle Partners, L.P. (“Logan Circle”), is a wholly-owned indirect
subsidiary of MetLife, Inc.
|
Fund(s): |
a portion of the assets of
Global Diversified Income |
Sub-Advisor: |
Los Angeles
Capital Management and Equity Research, Inc. ("Los Angeles
Capital") is a
California corporation wholly-owned by its working principals. Thomas D.
Stevens, Chairman and CEO, and Hal W. Reynolds, Chief Investment Officer,
hold the controlling equity interest in the
firm. |
Fund(s): |
a portion of the assets of
MidCap Value I and a portion of the assets of SmallCap Value
II |
Sub-Advisor:
|
Mellon
Capital Management Corporation (“Mellon Capital”) is directly owned by MBC
Investments Corporation. MBC Investments Corporation is directly
owned by BNY Mellon IHC, LLC, which in turn is owned by BNY Mellon.
|
Fund(s):
|
a portion of the assets of
High Yield I |
Sub-Advisor: |
Neuberger
Berman Investment Advisers LLC ("Neuberger Berman") is a wholly-owned indirect
subsidiary of Neuberger Berman Group LLC
(“NBG”). |
Fund(s): |
a portion of the assets of
High Yield I |
Sub-Advisor: |
Origin
Asset Management LLP (“Origin”) is an indirect majority-owned
subsidiary of Principal Financial Services, Inc., an affiliate of PGI, and
a member of Principal®. |
Fund(s): |
International Fund
I |
Sub-Advisor: |
Post
Advisory Group, LLC (“Post”) is an indirect subsidiary of
Principal Financial Group, Inc. |
Fund(s): |
a portion of the assets of
Global Diversified Income |
Sub-Advisor: |
Principal
Real Estate Investors, LLC ("Principal - REI"), is an indirect subsidiary of
Principal Financial Group, Inc. |
Fund(s): |
Global Real Estate Securities,
Real Estate Securities, and a portion of the assets of Global Diversified
Income |
Sub-Advisor: |
Robert W.
Baird & Co. Incorporated (“Baird”) is owned directly by Baird
Financial Corporation (“BFC”). BFC is, in turn, owned by Baird Holding
Company (“BHC”). BHC is owned by Baird Financial Group, Inc. (“BFG”),
which is the ultimate parent company of Baird. Employees of Baird own
substantially all of the outstanding stock of
BFG. |
Fund(s): |
a portion of the assets of
MidCap Growth III |
Sub-Advisor: |
Sawgrass
Asset Management, LLC (“Sawgrass”), is 100% employee-owned. Dean
McQuiddy and Brian K. Monroe, both co-founding principals of Sawgrass,
each own more than 25% of the firm. |
Fund(s): |
a portion of the assets of
LargeCap Growth Fund II |
Sub-Advisor: |
Spectrum
Asset Management, Inc. ("Spectrum") is an indirect subsidiary of
Principal Financial Group, Inc. |
Fund(s): |
a portion of the assets of
Global Diversified Income |
Sub-Advisor: |
Stone
Harbor Investment Partners LP (“Stone Harbor”) is 100% employee owned. Stone
Harbor Investment Partners GP LLC, Ship Capital Partners LP, and Peter
John Wilby are control persons of Stone
Harbor. |
Fund(s): |
a portion of the assets of
Global Diversified Income |
Sub-Advisor: |
T. Rowe
Price Associates, Inc. ("T. Rowe Price") is a wholly owned subsidiary
of T. Rowe Price Group, Inc., a financial services holding
company. |
Fund(s): |
a portion of the assets of
LargeCap Growth I |
Sub-Advisor: |
Vaughan
Nelson Investment Management, LP ("Vaughan Nelson") is a subsidiary of Natixis
Global Asset Management, L.P. |
Fund(s): |
a portion of the assets of
SmallCap Value II |
Sub-Advisor:
|
Victory
Capital Management Inc. (“Victory Capital”) is a wholly-owned subsidiary
of Victory Capital Holdings, Inc. (“VCH”). A majority of the equity
interest in VCH is owned by Crestview Partners, a private equity firm,
with a substantial minority interest owned by Victory Capital’s
employees. |
Fund(s):
|
a portion of the assets of
MidCap Value I |
Sub-Advisor: |
W. H.
Reaves & Co., Inc. (doing business as Reaves
Asset Management) is employee owned and no employee owns 25% or more of
the firm. |
Fund(s): |
a portion of the assets of
Global Diversified Income |
Sub-Advisor: |
Westwood
Management Corp. ("Westwood"), a New York corporation, is a
wholly owned subsidiary of Westwood Holdings Group, Inc., an institutional
asset management company. |
Fund(s): |
a portion of the assets of
LargeCap Value III |
Fund |
First
$500
Million |
Next
$500
Million |
Next
$500
Million |
Over
$1.5
Billion |
Finisterre Unconstrained
Emerging Markets Bond |
1.02% |
1.00% |
0.98% |
0.97% |
MidCap Growth |
0.65 |
0.63 |
0.61 |
0.60 |
MidCap Growth
III |
1.00 |
0.96 |
0.94 |
0.92 |
MidCap Value
III |
0.65 |
0.63 |
0.61 |
0.60 |
SmallCap |
0.75 |
0.73 |
0.71 |
0.70 |
Tax-Exempt Bond |
0.45 |
0.43 |
0.41 |
0.40 |
Fund |
All
Assets |
Principal LifeTime Strategic
Income |
0.00% |
Principal LifeTime
2010 |
0.00 |
Principal LifeTime
2015 |
0.00 |
Principal LifeTime
2020 |
0.00 |
Principal LifeTime
2025 |
0.00 |
Principal LifeTime
2030 |
0.00 |
Principal LifeTime
2035 |
0.00 |
Principal LifeTime
2040 |
0.00 |
Principal LifeTime
2045 |
0.00 |
Principal LifeTime
2050 |
0.00 |
Principal LifeTime
2055 |
0.00 |
Principal LifeTime
2060 |
0.00 |
Principal LifeTime
2065 |
0.00 |
Principal LifeTime Hybrid
Income |
0.00 |
Principal LifeTime Hybrid
2015 |
0.00 |
Principal LifeTime Hybrid
2020 |
0.00 |
Principal LifeTime Hybrid
2025 |
0.00 |
Principal LifeTime Hybrid
2030 |
0.00 |
Principal LifeTime Hybrid
2035 |
0.00 |
Principal LifeTime Hybrid
2040 |
0.00 |
Principal LifeTime Hybrid
2045 |
0.00 |
Principal LifeTime Hybrid
2050 |
0.00 |
Principal LifeTime Hybrid
2055 |
0.00 |
Principal LifeTime Hybrid
2060 |
0.00 |
Principal LifeTime Hybrid
2065 |
0.00 |
Fund |
First
$500
million |
Next
$500
million |
Next
$500
million |
Next
$500
million |
Next
$1
billion |
Over
$3
billion |
Core Plus Bond |
0.55% |
0.53% |
0.51% |
0.50% |
0.48% |
0.45% |
Global Diversified
Income |
0.80 |
0.78 |
0.76 |
0.75 |
0.73 |
0.70 |
Global Real Estate Securities
|
0.90 |
0.88 |
0.86 |
0.85 |
0.84 |
0.83 |
High Yield I |
0.65 |
0.63 |
0.61 |
0.60 |
0.59 |
0.58 |
Inflation
Protection |
0.40 |
0.38 |
0.36 |
0.35 |
0.34 |
0.33 |
International I |
0.90 |
0.88 |
0.86 |
0.85 |
0.84 |
0.83 |
International Emerging
Markets |
1.20 |
1.18 |
1.16 |
1.15 |
1.14 |
1.13 |
LargeCap Growth
I |
0.66 |
0.64 |
0.62 |
0.61 |
0.60 |
0.59 |
LargeCap Growth
II |
0.89 |
0.87 |
0.85 |
0.84 |
0.83 |
0.82 |
LargeCap Value |
0.45 |
0.43 |
0.41 |
0.40 |
0.39 |
0.38 |
LargeCap Value
III |
0.80 |
0.78 |
0.76 |
0.75 |
0.73 |
0.70 |
MidCap Value I |
1.00 |
0.98 |
0.96 |
0.95 |
0.94 |
0.93 |
Money Market |
0.40 |
0.39 |
0.38 |
0.37 |
0.36 |
0.35 |
Overseas |
1.10 |
1.08 |
1.06 |
1.05 |
1.04 |
1.03 |
Real Estate
Securities |
0.85 |
0.83 |
0.81 |
0.80 |
0.79 |
0.78 |
SmallCap Growth
I |
1.10 |
1.08 |
1.06 |
1.05 |
1.04 |
1.03 |
SmallCap Value
II |
1.00 |
0.98 |
0.96 |
0.95 |
0.94 |
0.93 |
Fund |
First
$1
billion |
Over
$1
billion |
California
Municipal |
0.45% |
0.40% |
Fund |
First $500
million |
Next $500
million |
Next $500
million |
Next $500
million |
Next $1
billion |
Next $7
billion |
Over $10
billion |
Diversified
International |
0.90% |
0.88% |
0.86% |
0.85% |
0.83% |
0.80% |
0.79% |
First
$250
million |
Next
$250
million |
Over
$500
million | |
Equity Income |
0.60% |
0.55% |
0.50% |
Fund |
First
$2
billion |
Over
$2
billion |
Government & High Quality
Bond |
0.50% |
0.45% |
Fund |
First
$250
million |
Over
$250
million |
High Yield |
0.625% |
0.50% |
First
$2
billion |
Next
$1
billion |
Over
$3
billion | |
Income |
0.50% |
0.44% |
0.43% |
Fund |
First
$500
million |
Next
$500
million |
Next
$1
billion |
Next
$1
billion |
Over
$3
billion |
LargeCap Growth |
0.68% |
0.65% |
0.62% |
0.58% |
0.55% |
Fund |
First $500
million |
Next $500
million |
Next $500
million |
Next $500
million |
Next $1
billion |
Next $9.5
billion |
Over $12.5
billion |
MidCap |
0.65% |
0.63% |
0.61% |
0.60% |
0.59% |
0.58% |
0.57% |
Fund |
All
Assets |
LargeCap S&P 500
Index |
0.15% |
MidCap S&P 400
Index |
0.15 |
SmallCap S&P 600
Index |
0.15 |
Fund |
First
$500
million |
Next
$500
million |
Over
$1
billion |
Principal Capital
Appreciation |
0.625% |
0.50% |
0.375% |
Fund |
First
$3
billion |
Next
$4
billion |
Next
$4
billion |
Next
$4
billion |
Over
$15
billion |
SAM Balanced* |
0.35% |
0.30% |
0.25% |
0.20% |
0.18% |
SAM Conservative
Balanced* |
0.35 |
0.30 |
0.25 |
0.20 |
0.18 |
SAM Conservative
Growth* |
0.35 |
0.30 |
0.25 |
0.20 |
0.18 |
SAM Flexible
Income* |
0.35 |
0.30 |
0.25 |
0.20 |
0.18 |
SAM Strategic
Growth* |
0.35 |
0.30 |
0.25 |
0.20 |
0.18 |
*Breakpoints are based on
aggregate SAM Portfolio net
assets. |
Fund |
First
$200
million |
Next
$300
million |
Over
$500
million |
Short-Term
Income |
0.50% |
0.45% |
0.40% |
Contractual
Limits on Total Annual Fund Operating Expenses | |||||
Fund |
A |
C |
J |
Inst. |
Expiration |
California
Municipal |
N/A |
N/A |
N/A |
0.51% |
6/30/2018 |
Core Plus Bond |
0.88% |
1.75% |
N/A |
N/A |
2/28/2018 |
Diversified
International |
N/A |
2.08% |
N/A |
0.85% |
6/30/2018 |
Equity Income |
N/A |
N/A |
N/A |
0.52% |
6/30/2018 |
Finisterre Unconstrained
Emerging Markets Bond |
1.47% |
N/A |
N/A |
1.12% |
6/30/2018 |
Global Diversified
Income |
N/A |
N/A |
N/A |
0.75% |
2/28/2019 |
Global Real Estate
Securities |
N/A |
2.20% |
N/A |
0.94% |
6/30/2018 |
Government & High Quality
Bond |
0.88% |
1.63% |
N/A |
0.53% |
6/30/2018 |
High Yield |
N/A |
N/A |
N/A |
0.61% |
6/30/2018 |
High Yield I |
1.05% |
N/A |
N/A |
N/A |
2/28/2018 |
Income |
N/A |
N/A |
N/A |
0.58% |
6/30/2018 |
Inflation
Protection |
0.90% |
1.65% |
1.15% |
N/A |
2/28/2018 |
International I |
1.45% |
N/A |
N/A |
1.00% |
6/30/2018 |
International Emerging
Markets |
1.61% |
2.66% |
1.52% |
1.34% |
6/30/2018 |
LargeCap Growth |
N/A |
N/A |
N/A |
0.68% |
6/30/2018 |
LargeCap Growth
I |
1.25% |
N/A |
N/A |
0.66% |
6/30/2018 |
LargeCap S&P 500
Index |
N/A |
1.30% |
N/A |
N/A |
2/28/2018 |
LargeCap Value |
N/A |
1.70% |
N/A |
0.43% |
6/30/2018 |
MidCap |
N/A |
N/A |
N/A |
0.70% |
6/30/2018 |
MidCap Growth |
N/A |
N/A |
N/A |
0.75% |
2/28/2018 |
MidCap S&P 400
Index |
N/A |
N/A |
N/A |
0.25% |
6/30/2018 |
MidCap Value
III |
1.30% |
N/A |
N/A |
0.75% |
6/30/2018 |
Money Market |
0.50% |
1.50% |
0.65% |
0.50% |
2/28/2019 |
Principal Capital
Appreciation |
N/A |
N/A |
N/A |
0.47% |
6/30/2018 |
Principal LifeTime
2010 |
0.38% |
N/A |
N/A |
N/A |
2/28/2018 |
Principal LifeTime
2020 |
0.38% |
N/A |
N/A |
N/A |
2/28/2018 |
Principal LifeTime
2030 |
0.38% |
N/A |
N/A |
N/A |
2/28/2018 |
Principal LifeTime
2040 |
0.38% |
N/A |
N/A |
N/A |
2/28/2018 |
Principal LifeTime
2050 |
0.38% |
N/A |
N/A |
N/A |
2/28/2018 |
Principal LifeTime
2060 |
N/A |
N/A |
0.38% |
0.10% |
2/28/2018 |
Principal LifeTime
2065 |
N/A |
N/A |
N/A |
0.10% |
2/28/2019 |
Principal LifeTime Strategic
Income |
0.38% |
N/A |
N/A |
N/A |
2/28/2018 |
Principal LifeTime Hybrid
2015 |
N/A |
N/A |
N/A |
0.05% |
6/30/2018 |
Principal LifeTime Hybrid
2020 |
N/A |
N/A |
N/A |
0.05% |
6/30/2018 |
Principal LifeTime Hybrid
2025 |
N/A |
N/A |
N/A |
0.05% |
6/30/2018 |
Principal LifeTime Hybrid
2030 |
N/A |
N/A |
N/A |
0.05% |
6/30/2018 |
Principal LifeTime Hybrid
2035 |
N/A |
N/A |
N/A |
0.05% |
6/30/2018 |
Principal LifeTime Hybrid
2040 |
N/A |
N/A |
N/A |
0.05% |
6/30/2018 |
Principal LifeTime Hybrid
2045 |
N/A |
N/A |
N/A |
0.05% |
6/30/2018 |
Principal LifeTime Hybrid
2050 |
N/A |
N/A |
N/A |
0.05% |
6/30/2018 |
Principal LifeTime Hybrid
2055 |
N/A |
N/A |
N/A |
0.05% |
6/30/2018 |
Principal LifeTime Hybrid
2060 |
N/A |
N/A |
N/A |
0.05% |
6/30/2018 |
Contractual
Limits on Total Annual Fund Operating Expenses | |||||
Fund |
A |
C |
J |
Inst. |
Expiration |
Principal LifeTime Hybrid
2065 |
N/A |
N/A |
N/A |
0.05% |
2/28/2019 |
Principal LifeTime Hybrid
Income |
N/A |
N/A |
N/A |
0.05% |
6/30/2018 |
Real Estate
Securities |
N/A |
N/A |
N/A |
0.91% |
6/30/2018 |
SAM Balanced |
N/A |
N/A |
N/A |
0.28% |
6/30/2018 |
SAM Conservative
Balanced |
0.63% |
1.38% |
0.63% |
0.29% |
6/30/2018 |
SAM Conservative
Growth |
N/A |
N/A |
N/A |
0.29% |
6/30/2018 |
SAM Flexible
Income |
N/A |
N/A |
N/A |
0.29% |
6/30/2018 |
SAM Strategic
Growth |
N/A |
N/A |
N/A |
0.29% |
6/30/2018 |
Short-Term
Income |
N/A |
N/A |
N/A |
0.43% |
6/30/2018 |
SmallCap |
N/A |
2.08% |
N/A |
0.80% |
6/30/2018 |
SmallCap Growth
I |
N/A |
N/A |
1.50% |
1.02% |
6/30/2018 |
SmallCap S&P 600
Index |
N/A |
N/A |
N/A |
0.27% |
6/30/2018 |
SmallCap Value
II |
1.45% |
N/A |
N/A |
1.01% |
6/30/2018 |
Tax-Exempt Bond |
N/A |
1.60% |
N/A |
0.52% |
6/30/2018 |
Contractual
Limits on Total Annual Fund Operating Expenses | ||||||
Fund |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 |
Expiration |
Government & High Quality
Bond |
1.29% |
1.16% |
0.98% |
0.79% |
0.67% |
6/30/2018 |
Principal LifeTime 2060
|
0.93% |
0.80% |
0.62% |
0.43% |
0.31% |
2/28/2018 |
Principal LifeTime
2065 |
0.93% |
0.80% |
0.62% |
0.43% |
0.31% |
2/28/2019 |
Short-Term Income
|
1.30% |
1.18% |
0.99% |
0.79% |
0.68% |
6/30/2018 |
SmallCap Growth
I |
1.88% |
1.75% |
1.57% |
1.38% |
1.26% |
6/30/2018 |
Contractual
Limits on Total Annual Fund Operating Expenses | |||||
Fund |
A |
C |
J |
Inst. |
Expiration |
SAM Balanced |
1.31% |
2.05% |
1.13% |
0.97% |
2/28/2019 |
SAM Conservative
Balanced |
1.24% |
1.99% |
1.06% |
0.90% |
2/28/2019 |
SAM Conservative
Growth |
1.32% |
2.07% |
1.15% |
0.98% |
2/28/2019 |
SAM Flexible
Income |
1.13% |
1.88% |
0.98% |
0.83% |
2/28/2019 |
SAM Strategic
Growth |
1.34% |
2.09% |
1.15% |
0.97% |
2/28/2019 |
Fund |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 |
Expiration |
SAM Balanced |
1.84% |
1.71% |
1.53% |
1.34% |
1.22% |
2/28/2019 |
SAM Conservative
Balanced |
1.77% |
1.64% |
1.46% |
1.27% |
1.15% |
2/28/2019 |
SAM Conservative
Growth |
1.85% |
1.72% |
1.54% |
1.35% |
1.23% |
2/28/2019 |
SAM Flexible
Income |
1.68% |
1.55% |
1.37% |
1.18% |
1.06% |
2/28/2019 |
SAM Strategic
Growth |
1.84% |
1.71% |
1.53% |
1.34% |
1.22% |
2/28/2019 |
Contractual
Limits on Other Expenses | ||
Fund |
R-6 |
Expiration |
Global Diversified
Income |
0.02% |
6/30/2018 |
Global Real Estate
Securities |
0.02% |
6/30/2018 |
High Yield |
0.02% |
6/30/2018 |
Income |
0.01% |
6/30/2018 |
International I |
0.02% |
6/30/2018 |
International Emerging
Markets |
0.02% |
6/30/2018 |
LargeCap Growth
I |
0.02% |
6/30/2018 |
MidCap |
0.02% |
6/30/2018 |
MidCap S&P 400
Index |
0.02% |
6/30/2018 |
MidCap Value
III |
0.02% |
6/30/2018 |
Principal LifeTime Hybrid
Income |
0.02% |
6/30/2018 |
Principal LifeTime Hybrid
2015 |
0.02% |
6/30/2018 |
Principal LifeTime Hybrid
2020 |
0.02% |
6/30/2018 |
Principal LifeTime Hybrid
2025 |
0.02% |
6/30/2018 |
Principal LifeTime Hybrid
2030 |
0.02% |
6/30/2018 |
Principal LifeTime Hybrid
2035 |
0.02% |
6/30/2018 |
Principal LifeTime Hybrid
2040 |
0.02% |
6/30/2018 |
Principal LifeTime Hybrid
2045 |
0.02% |
6/30/2018 |
Principal LifeTime Hybrid
2050 |
0.02% |
6/30/2018 |
Principal LifeTime Hybrid
2055 |
0.02% |
6/30/2018 |
Principal LifeTime Hybrid
2060 |
0.02% |
6/30/2018 |
Principal LifeTime Hybrid
2065 |
0.02% |
2/28/2019 |
Real Estate
Securities |
0.02% |
6/30/2018 |
SmallCap |
0.02% |
6/30/2018 |
SmallCap Growth
I |
0.01% |
6/30/2018 |
SmallCap S&P 600
Index |
0.02% |
6/30/2018 |
SmallCap Value
II |
0.02% |
6/30/2018 |
Contractual
Fee Waivers | |||
Fund |
Waiver |
Expiration | |
Core Plus Bond |
0.060 |
% |
2/28/2019 |
Global Diversified
Income |
0.010 |
% |
2/28/2019 |
LargeCap Growth
I |
0.016 |
% |
6/30/2018 |
LargeCap Growth
II |
0.044 |
% |
2/28/2018 |
LargeCap Value
III |
0.062 |
% |
2/28/2019 |
MidCap Growth
III |
0.080 |
% |
6/30/2018 |
MidCap Value I |
0.120 |
% |
2/28/2018 |
MidCap Value
III |
0.014 |
% |
6/30/2018 |
Overseas |
0.065 |
% |
2/28/2019 |
SmallCap Growth
I |
0.092 |
% |
2/28/2019 |
SmallCap Value
II |
0.030 |
% |
2/28/2019 |
Management
Fees for Periods Ended October 31
(amounts in
thousands) |
||||||||||||
Fund |
2016 |
2015 |
2014 |
|||||||||
California
Municipal |
$ |
1,562 |
|
$ |
1,000 |
|
$ |
862 |
|
|||
Core Plus Bond |
20,355 |
|
21,157 |
|
13,883 |
|
||||||
Diversified
International |
56,939 |
|
46,456 |
|
44,146 |
|
||||||
Equity Income |
27,154 |
|
29,258 |
|
28,707 |
|
||||||
Finisterre Unconstrained
Emerging Markets |
79 |
|
(1) |
NA |
|
NA |
|
|||||
Global Diversified
Income |
76,671 |
|
79,391 |
|
63,649 |
|
||||||
Global Real Estate
Securities |
26,428 |
|
23,697 |
|
16,566 |
|
||||||
Government & High Quality
Bond |
7,759 |
|
7,780 |
|
8,562 |
|
||||||
High Yield |
17,138 |
|
18,757 |
|
20,618 |
|
||||||
High Yield I |
5,671 |
|
8,077 |
|
10,548 |
|
||||||
Income |
15,189 |
|
14,738 |
|
12,669 |
|
||||||
Inflation
Protection |
6,459 |
|
5,593 |
|
3,690 |
|
||||||
International Emerging
Markets |
12,360 |
|
18,469 |
|
22,870 |
|
||||||
International I |
3,492 |
|
3,266 |
|
4,328 |
|
||||||
LargeCap Growth |
15,566 |
|
20,429 |
|
19,921 |
|
||||||
LargeCap Growth
I |
42,689 |
|
44,887 |
|
44,159 |
|
||||||
LargeCap Growth
II |
5,088 |
|
6,560 |
|
10,629 |
|
||||||
LargeCap S&P 500
Index |
7,305 |
|
6,868 |
|
5,983 |
|
||||||
LargeCap Value |
9,917 |
|
12,429 |
|
14,412 |
|
||||||
LargeCap Value
III |
13,847 |
|
17,644 |
|
20,297 |
|
||||||
MidCap |
64,410 |
|
61,154 |
|
48,621 |
|
||||||
MidCap Growth |
870 |
|
767 |
|
744 |
|
||||||
MidCap Growth
III |
13,171 |
|
14,207 |
|
14,427 |
|
||||||
MidCap S&P 400
Index |
1,744 |
|
1,760 |
|
1,556 |
|
||||||
MidCap Value I |
13,694 |
|
18,286 |
|
15,511 |
|
||||||
MidCap Value
III |
7,105 |
|
6,578 |
|
5,601 |
|
||||||
Money Market |
3,848 |
|
3,967 |
|
4,274 |
|
||||||
Overseas |
29,708 |
|
28,845 |
|
26,832 |
|
||||||
Principal Capital
Appreciation |
11,356 |
|
11,918 |
|
10,793 |
|
Management
Fees for Periods Ended October 31
(amounts in
thousands) |
||||||||||||
Fund |
2016 |
2015 |
2014 |
|||||||||
Principal LifeTime
2010 |
130 |
|
453 |
|
500 |
|
||||||
Principal LifeTime
2015 |
79 |
|
270 |
|
314 |
|
||||||
Principal LifeTime
2020 |
591 |
|
1,955 |
|
2,002 |
|
||||||
Principal LifeTime
2025 |
150 |
|
468 |
|
482 |
|
||||||
Principal LifeTime
2030 |
635 |
|
2,041 |
|
1,981 |
|
||||||
Principal LifeTime
2035 |
115 |
|
351 |
|
338 |
|
||||||
Principal LifeTime
2040 |
418 |
|
1,329 |
|
1,264 |
|
||||||
Principal LifeTime
2045 |
72 |
|
214 |
|
194 |
|
||||||
Principal LifeTime
2050 |
217 |
|
672 |
|
612 |
|
||||||
Principal LifeTime
2055 |
22 |
|
58 |
|
43 |
|
||||||
Principal LifeTime
2060 |
11 |
|
24
|
|
6 |
|
||||||
Principal LifeTime Hybrid
2015 |
— |
|
— |
|
— |
|
(2) | |||||
Principal LifeTime Hybrid
2020 |
1 |
|
— |
|
— |
|
(2) | |||||
Principal LifeTime Hybrid
2025 |
— |
|
— |
|
— |
|
(2) | |||||
Principal LifeTime Hybrid
2030 |
1 |
|
— |
|
— |
|
(2) | |||||
Principal LifeTime Hybrid
2035 |
— |
|
— |
|
— |
|
(2) | |||||
Principal LifeTime Hybrid
2040 |
— |
|
— |
|
— |
|
(2) | |||||
Principal LifeTime Hybrid
2045 |
— |
|
— |
|
— |
|
(2) | |||||
Principal LifeTime Hybrid
2050 |
— |
|
— |
|
— |
|
(2) | |||||
Principal LifeTime Hybrid
2055 |
— |
|
— |
|
— |
|
(2) | |||||
Principal LifeTime Hybrid
2060 |
— |
|
— |
|
— |
|
(2) | |||||
Principal LifeTime Hybrid
Income |
— |
|
— |
|
— |
|
(2) | |||||
Principal LifeTime Strategic
Income |
69 |
|
230 |
|
237 |
|
||||||
Real Estate
Securities |
21,940 |
|
18,890 |
|
13,398 |
|
||||||
SAM Balanced |
14,576 |
|
15,077 |
|
14,548 |
|
||||||
SAM Conservative
Balanced |
5,207 |
|
5,119 |
|
4,838 |
|
||||||
SAM Conservative
Growth |
9,337 |
|
9,984 |
|
9,770 |
|
||||||
SAM Flexible
Income |
7,160 |
|
6,652 |
|
5,937 |
|
||||||
SAM Strategic
Growth |
5,627 |
|
6,105 |
|
6,058 |
|
||||||
Short-Term
Income |
12,038 |
|
11,130 |
|
8,747 |
|
||||||
SmallCap |
4,234 |
|
4,206 |
|
3,875 |
|
||||||
SmallCap Growth
I |
15,996 |
|
18,344 |
|
20,455 |
|
||||||
SmallCap S&P 600
Index |
1,673 |
|
1,682 |
|
1,566 |
|
||||||
SmallCap Value
II |
12,336 |
|
13,517 |
|
15,444 |
|
||||||
Tax-Exempt Bond |
1,547 |
|
1,043 |
|
959 |
|
(1) Period from July 11,
2016, date operations commenced, through October 31,
2016. |
(2) Period from September 30,
2014, date operations commenced, through October 31,
2014. |
Aggregate
Fees Paid to Sub-Advisers (other than Wholly-Owned Sub-Advisors, Columbus
Circle and Origin)
for Fiscal
Years Ended October 31 (dollar amounts in thousands) | ||||||
Fund |
2016 |
2015 |
2014 | |||
Dollar
Amount |
Percent
of Average
Daily Net Assets |
Dollar
Amount |
Percent
of Average
Daily Net Assets |
Dollar
Amount |
Percent
of Average
Daily Net Assets | |
Global Diversified
Income |
$22,412,937 |
0.37% |
$25,958,440 |
0.42% |
$22,628,955 |
0.45% |
High Yield I |
2,653,141 |
0.30 |
3,876,744 |
0.30 |
5,026,786 |
0.30 |
Inflation
Protection |
1,373,881 |
0.08 |
1,174,452 |
0.08 |
750,742 |
0.08 |
International I
|
— |
0.00 |
— |
0.00 |
1,054,616 |
0.36 |
LargeCap Growth
I |
15,791,146 |
0.22 |
16,635,861 |
0.22 |
16,109,856 |
0.22 |
LargeCap Growth
II |
1,625,695 |
0.28 |
2,050,202 |
0.28 |
3,023,343 |
0.25 |
LargeCap Value
III |
3,130,948 |
0.18 |
3,967,113 |
0.17 |
4,512,567 |
0.17 |
MidCap Growth
III |
4,424,335 |
0.33 |
4,750,167 |
0.32 |
5,025,898 |
0.34 |
MidCap Value I |
4,290,063 |
0.31 |
6,123,491 |
0.33 |
5,212,653 |
0.33 |
MidCap Value
III |
1,706,966 |
0.26 |
1,567,776 |
0.26 |
1,361,550 |
0.27 |
Overseas |
8,898,191 |
0.32 |
8,744,361 |
0.32 |
8,137,863 |
0.32 |
SmallCap Growth
I |
5,997,383 |
0.44 |
6,732,151 |
0.45 |
7,576,062 |
0.44 |
SmallCap Value
II |
4,728,202 |
0.38 |
5,304,707 |
0.39 |
6,193,493 |
0.39 |
Fees Paid to
Columbus Circle, Finisterre, and Origin for Fiscal Years Ended October 31
(dollar amounts in thousands) | ||||||
Fund |
2016 |
2015 |
2014 | |||
Dollar
Amount |
Percent
of Average
Daily Net Assets |
Dollar
Amount |
Percent
of Average
Daily Net Assets |
Dollar
Amount |
Percent
of Average
Daily Net Assets | |
Finisterre Unconstrained
Emerging Markets Bond Fund (Finisterre) |
$45,924 |
0.60% |
$— |
—% |
$— |
—% |
International I
(Origin) |
$1,374,536 |
0.35 |
$1,273,730 |
0.35% |
$566,533 |
0.35 |
LargeCap Growth Fund (Columbus
Circle) |
4,132,038 |
0.17 |
5,978,853 |
0.18 |
5,801,644 |
0.18 |
MidCap Growth (Columbus
Circle) |
399,762 |
0.30 |
334,787 |
0.28 |
329,949 |
0.29 |
Underwriting
Fees for Periods Ended October 31, (amounts in thousands) | ||||||||
Fund |
2016 |
2015 |
2014 | |||||
California
Municipal |
$132 |
$52 |
$40 | |||||
Core Plus Bond |
53 |
|
49 |
|
60 |
| ||
Diversified
International |
125 |
|
158 |
|
176 |
| ||
Equity Income |
259 |
|
351 |
|
366 |
| ||
Finisterre Unconstrained
Emerging |
— |
|
(1) |
NA |
|
NA |
| |
Global Diversified
Income |
807 |
|
1,319 |
|
1,693 |
| ||
Global Real Estate
Securities |
67 |
|
95 |
|
71 |
| ||
Government & High Quality
Bond |
279 |
|
125 |
|
140 |
| ||
High Yield |
165 |
|
161 |
|
228 |
| ||
High Yield I |
14 |
|
11 |
|
13 |
| ||
Income |
136 |
|
129 |
|
128 |
| ||
Inflation
Protection |
5 |
|
9 |
|
32 |
| ||
International Emerging
Markets |
85 |
|
115 |
|
137 |
| ||
International I |
11 |
|
14 |
|
2 |
| ||
LargeCap Growth |
156 |
|
190 |
|
210 |
| ||
LargeCap Growth
I |
82 |
|
50 |
|
59 |
| ||
LargeCap Growth
II |
1 |
|
2 |
|
3 |
| ||
LargeCap S&P 500
Index |
188 |
|
207 |
|
199 |
| ||
LargeCap Value |
91 |
|
102 |
|
122 |
| ||
LargeCap Value
III |
1 |
|
1 |
|
1 |
| ||
MidCap |
295 |
|
371 |
|
446 |
| ||
MidCap Growth |
10 |
|
8 |
|
2 |
| ||
MidCap Growth
III |
1 |
|
2 |
|
3 |
| ||
MidCap S&P 400
Index |
10 |
|
20 |
|
12 |
| ||
MidCap Value I |
2 |
|
13 |
|
3 |
| ||
MidCap Value
III |
82 |
|
105 |
|
23 |
| ||
Money Market |
135 |
|
107 |
|
80 |
| ||
Principal Capital
Appreciation |
319 |
|
316 |
|
286 |
| ||
Principal LifeTime
2010 |
60 |
|
82 |
|
84 |
| ||
Principal LifeTime
2020 |
323 |
|
336 |
|
330 |
| ||
Principal LifeTime
2030 |
480 |
|
519 |
|
501 |
| ||
Principal LifeTime
2040 |
420 |
|
471 |
|
401 |
| ||
Principal LifeTime
2050 |
267 |
|
268 |
|
231 |
| ||
Principal LifeTime
2060 |
5 |
|
3 |
|
1 |
| ||
Principal LifeTime Strategic
Income |
38 |
|
49 |
|
38 |
| ||
Real Estate
Securities |
241 |
|
254 |
|
181 |
| ||
SAM Balanced |
1,903 |
|
2,337 |
|
2,225 |
| ||
SAM Conservative
Balanced |
824 |
|
953 |
|
995 |
| ||
SAM Conservative
Growth |
1,256 |
|
1,502 |
|
1,459 |
| ||
SAM Flexible
Income |
1,364 |
|
1,494 |
|
1,156 |
| ||
SAM Strategic
Growth |
796 |
|
1,003 |
|
987 |
| ||
Short-Term
Income |
342 |
|
363 |
|
287 |
| ||
SmallCap |
154 |
|
169 |
|
182 |
| ||
SmallCap Growth
I |
4 |
|
4 |
|
5 |
| ||
SmallCap S&P 600
Index |
7 |
|
16 |
|
14 |
| ||
SmallCap Value
II |
15 |
|
17 |
|
4 |
| ||
Tax-Exempt Bond |
127 |
|
92 |
|
40 |
| ||
(1) Period from July 11, 2016,
date operations commenced, through October 31,
2016 |
Acclaim Benefits,
Inc. |
JJB Hilliard WL Lyons,
Inc. |
ADP Retirement
Services |
John Hancock Trust
Co. |
AIG Advisor
Group |
JP Morgan Securities
LLC |
AIG SunAmerica
Life |
Kestra Investment Services,
LLC |
American Century
Investments |
KMS Financial Services,
Inc. |
American General Life
Insurance |
Ladenburg Thalmann Advisors
Network LLC |
American United Life Insurance
Co. |
Lincoln Financial Advisors
Corp |
Ameriprise Financial
Services |
Lincoln Financial Securities
Corp |
Ascensus |
Lincoln Retirement Services
Co. |
AssetMark Trust
Company |
Lockton Financial Advisors
LLC |
AXA Advisors,
LLC |
LPL Financial
Corporation |
Bankers Trust
Company |
Massachusetts Mutual Life
Insurance Company |
Benefit Plan
Administrators |
Matrix Trust
Co. |
Benefit
Solutions |
Mercer HR
Services |
Benefit Trust
Company |
Merrill
Lynch |
Broadridge Business Process
Outsourcing, LLC |
MetLife Securities,
Inc. |
Cambridge Investment Research
Inc. |
MidAtlantic Capital
Corporation |
Cetera Advisor Networks
LLC |
MML Investors Services
Inc. |
Cetera Advisors
LLC |
Morgan
Stanley |
Cetera Financial
Group |
National Asset
Management |
Cetera Financial Specialists
LLC |
National Financial
Services |
Cetera Investment Services
LLC |
Nationwide Investment Services
Corp |
Chapin, Davis |
New York State Deferred
Compensation Plan |
Charles Schwab &
Co. |
Newport Group Retirement Plan
Services |
Charles Schwab Trust
Company |
Northwestern Mutual Investment
Services |
Citigroup Global Markets
Inc. |
Oppenheimer &
Co. |
Comerica Retirement
Services |
Pershing |
Comerica Securities
Inc. |
Plan Administrators,
Inc. |
Commonwealth Financial
Network |
Principal Life Insurance
Company |
Compusys
(Texas) |
Principal Securities,
Inc. |
CPI Qualified
Consultants |
Prudential Retirement
Services |
Credit Suisse Securities (USA)
LLC |
Putnam Investors
Services |
Digital Retirement
Solutions |
Raymond James & Associates,
Inc. |
Edward Jones |
Raymond James Financial
Services, Inc. |
ePlan Services,
Inc. |
RBC Capital Markets
Corp. |
Fidelity Investment
Institutional Operations Co. |
Reliance Trust
Company |
Financial Telesis
Inc. |
Retirement
Clearinghouse |
First Allied
Securities |
Robert W. Baird &
Co. |
First Heartland Capital
Inc. |
Royal Alliance Associates,
Inc. |
FSC Securities
Corporation |
SagePoint Financial,
Inc. |
Girard Securities,
Inc |
Securities America,
Inc. |
GWFS Equities,
Inc. |
Securities Service Network,
Inc. |
Hanson McClain
Securities |
Soltis Investment Advisors,
Inc. |
Hewitt Financial Services,
LLC |
Standard Insurance
Company |
HighTower Securities,
LLC |
Standard Retirement
Services |
ICMA-Retirement
Corp. |
Stifel Nicolaus & Company,
Inc. |
Invest Financial
Corp. |
Summit Brokerage Services,
Inc. |
Investacorp
Inc. |
T. Rowe Price Retirement Plan
Services |
Investment Centers of America,
Inc. |
TD Ameritrade
Inc. |
Janney Montgomery
Scott |
TD Ameritrade Trust
Company |
TIAA-CREF |
Voya Financial Advisors,
Inc. |
Triad Advisors,
Inc. |
Voya Institutional Plan
Services, LLC |
Trust Company of
America |
Wedbush Morgan Securities
|
UBS Financial Services,
Inc. |
Wells Fargo Bank,
N.A. |
US Bancorp
Investments |
Wells Fargo Clearing Services
LLC |
VALIC Retirement Services
Company |
Woodbury Financial
Services |
Vanguard Brokerage
Services |
Xerox (ACS) HR
Solutions |
Vanguard Group,
The |
Fund |
Amount
of
Transactions
because
of
Research
Services
Provided |
Related
Commissions Paid | ||||
Diversified
International |
$ |
2,245,087,070 |
|
$ |
2,246,764 |
|
Equity Income |
1,267,554,171 |
|
896,277 |
| ||
Global Diversified
Income |
923,739,886 |
|
813,484 |
| ||
Global Real Estate
Securities |
966,795,316 |
|
1,220,753 |
| ||
International Emerging
Markets |
594,668,253 |
|
1,064,365 |
| ||
International I |
451,201,102 |
|
181,059 |
| ||
LargeCap Growth |
779,001,948 |
|
663,941 |
| ||
LargeCap Growth
I |
587,850,280 |
|
237,069 |
| ||
LargeCap Growth
II |
554,689,282 |
|
134,919 |
| ||
LargeCap S&P 500
Index |
3,833,922 |
|
1,100 |
| ||
LargeCap Value |
1,276,662,018 |
|
769,294 |
| ||
LargeCap Value
III |
502,126,815 |
|
245,274 |
| ||
MidCap |
1,255,313,773 |
|
806,610 |
| ||
MidCap Growth |
24,382,082 |
|
28,967 |
| ||
MidCap Growth
III |
510,940,977 |
|
223,030 |
| ||
MidCap S&P 400
Index |
9,089,939 |
|
4,282 |
| ||
MidCap Value I |
2,127,235,234 |
|
1,238,521 |
| ||
MidCap Value
III |
444,106,427 |
|
295,932 |
| ||
Overseas |
818,067,283 |
|
1,040,962 |
| ||
Principal Capital Appreciation
|
85,568,502 |
|
50,651 |
| ||
Real Estate
Securities |
470,565,046 |
|
411,913 |
| ||
SmallCap |
200,674,675 |
|
209,025 |
| ||
SmallCap Growth
I |
626,996,216 |
|
572,742 |
| ||
SmallCap S&P 600
Index |
10,787,645 |
|
4,607 |
| ||
SmallCap Value II
|
594,440,042 |
|
439,468 |
|
Total
Brokerage Commissions Paid
For Periods
Ended October 31 | |||||||||
Fund |
2016 |
2015 |
2014 | ||||||
Core Plus Bond |
$ |
600 |
|
$ |
— |
|
$ |
709 |
|
Diversified
International |
8,872,167 |
|
6,792,514 |
|
9,480,539 |
| |||
Equity Income |
1,138,138 |
|
1,006,849 |
|
1,358,468 |
| |||
Global Diversified
Income |
4,866,513 |
|
6,474,815 |
|
6,015,422 |
| |||
Global Real Estate
Securities |
4,385,656 |
|
3,298,949 |
|
2,170,514 |
| |||
High Yield |
— |
|
— |
|
480 |
| |||
High Yield I |
1,071 |
|
1,146 |
|
2,026 |
| |||
Inflation Protection
|
— |
|
— |
|
629 |
| |||
International Emerging
Markets |
4,372,639 |
|
5,070,926 |
|
8,600,506 |
| |||
International I |
233,499 |
|
182,388 |
|
941,068 |
| |||
LargeCap Growth |
1,995,905 |
|
1,904,379 |
|
3,028,494 |
| |||
LargeCap Growth
I |
1,524,591 |
|
1,875,055 |
|
1,718,329 |
| |||
LargeCap Growth
II |
176,443 |
|
411,734 |
|
627,331 |
| |||
LargeCap S&P 500
Index |
4,289 |
|
117,030 |
|
39,675 |
| |||
LargeCap Value |
3,070,089 |
|
3,521,994 |
|
5,664,651 |
| |||
LargeCap Value
III |
618,951 |
|
874,186 |
|
1,279,677 |
| |||
MidCap |
2,954,210 |
|
3,029,465 |
|
2,077,335 |
| |||
MidCap Growth |
198,408 |
|
190,606 |
|
297,526 |
| |||
MidCap Growth
III |
703,631 |
|
835,261 |
|
1,352,958 |
| |||
MidCap S&P 400
Index |
26,907 |
|
30,967 |
|
39,255 |
| |||
MidCap Value I |
2,069,756 |
|
2,093,712 |
|
1,686,754 |
| |||
MidCap Value
III |
1,254,698 |
|
976,836 |
|
843,161 |
| |||
Overseas |
1,959,498 |
|
1,779,516 |
|
1,788,752 |
| |||
Principal Capital
Appreciation |
994,386 |
|
672,781 |
|
284,951 |
| |||
Real Estate
Securities |
1,596,395 |
|
899,110 |
|
621,325 |
| |||
SAM Balanced
Portfolio |
18,433 |
|
— |
|
— |
| |||
SAM Conservative Balanced
Portfolio |
8,767 |
|
— |
|
— |
| |||
SAM Conservative Growth
Portfolio |
12,203 |
|
— |
|
— |
| |||
SAM Flexible Income
Portfolio |
7,965 |
|
— |
|
— |
| |||
SAM Strategic Growth
Portfolio |
20,279 |
|
— |
|
— |
| |||
SmallCap |
791,524 |
|
904,062 |
|
857,058 |
| |||
SmallCap Growth
I |
1,565,895 |
|
2,178,512 |
|
2,449,889 |
| |||
SmallCap S&P 600
Index |
59,275 |
|
58,916 |
|
51,893 |
| |||
SmallCap Value
II |
818,506 |
|
1,075,366 |
|
1,174,602 |
|
Fund |
Sub-Advisor
Employed by the Fund Complex |
Affiliated
Broker Receiving Commissions |
2016 Fund's
Total Commissions Paid |
% of Fund's Total Commissions |
%
of Dollar Amount of Fund's Commissionable Transactions | ||||
Core Plus
Bond | |||||||||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
$ |
600 |
|
100.00 |
% |
100.00 |
% | |
Total |
$ |
600 |
|
100.00 |
% |
100.00 |
% | ||
Diversified
International | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
6,086 |
|
0.07 |
% |
0.15 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
594,425 |
|
6.70 |
% |
6.48 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
783,893 |
|
8.84 |
% |
7.70 |
% | ||
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
325,668 |
|
3.67 |
% |
3.50 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
632 |
|
0.01 |
% |
0.01 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
35,247 |
|
0.40 |
% |
0.78 |
% | ||
Total |
$ |
1,745,950 |
|
19.68 |
% |
18.63 |
% | ||
Equity
Income | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
163,389 |
|
14.36 |
% |
16.93 |
% | |
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
362,545 |
|
31.85 |
% |
24.66 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
22,158 |
|
1.95 |
% |
2.37 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
15,672 |
|
1.38 |
% |
1.35 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
81,172 |
|
7.13 |
% |
5.85 |
% | ||
Total |
$ |
644,936 |
|
56.67 |
% |
51.15 |
% | ||
Global
Diversified Income | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
136,462 |
|
2.80 |
% |
3.00 |
% | |
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
98,009 |
|
2.01 |
% |
1.06 |
% | ||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
341,734 |
|
7.02 |
% |
3.47 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
317,237 |
|
6.52 |
% |
3.39 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
24,555 |
|
0.50 |
% |
0.25 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
38,175 |
|
0.78 |
% |
0.51 |
% | ||
Columbus Circle
Investors
Edge Asset Management,
Inc.
Finisterre Capital
LLP
Origin Asset Management
LLP
Post Advisory Group,
LLC
Principal Global Investors,
LLC
Principal Real Estate
Investors, LLC |
Spectrum Asset Management,
Inc. |
40,857 |
|
0.84 |
% |
0.47 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
2,817 |
|
0.06 |
% |
0.06 |
% | ||
Total |
$ |
999,846 |
|
20.55 |
% |
12.21 |
% | ||
Global Real
Estate Securities | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
33,879 |
|
0.77 |
% |
1.86 |
% | |
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
117,743 |
|
2.68 |
% |
2.42 |
% | ||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
300,333 |
|
6.85 |
% |
6.01 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
282,811 |
|
6.45 |
% |
6.60 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
9,682 |
|
0.22 |
% |
0.35 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
57,638 |
|
1.31 |
% |
3.02 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
2,067 |
|
0.05 |
% |
0.21 |
% | ||
Total |
$ |
804,154 |
|
18.34 |
% |
20.47 |
% | ||
International
Emerging Markets | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
3,450 |
|
0.08 |
% |
0.37 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
355,498 |
|
8.13 |
% |
6.92 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
365,152 |
|
8.35 |
% |
9.28 |
% | ||
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
87,468 |
|
2.00 |
% |
2.69 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
15,271 |
|
0.35 |
% |
0.31 |
% | ||
Total |
$ |
826,839 |
|
18.91 |
% |
19.58 |
% |
Fund |
Sub-Advisor
Employed by the Fund Complex |
Affiliated
Broker Receiving Commissions |
2016 Fund's
Total Commissions Paid |
% of Fund's Total Commissions |
%
of Dollar Amount of Fund's Commissionable Transactions | ||||
International
I | |||||||||
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
$ |
12,447 |
|
5.33 |
% |
3.01 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
124,586 |
|
53.36 |
% |
50.54 |
% | ||
Total |
$ |
137,033 |
|
58.69 |
% |
53.55 |
% | ||
LargeCap
Growth | |||||||||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
5,258 |
|
0.26 |
% |
0.56 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
87,277 |
|
4.37 |
% |
4.03 |
% | ||
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
47,220 |
|
2.37 |
% |
1.34 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
41,788 |
|
2.09 |
% |
1.77 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
44,627 |
|
2.24 |
% |
4.01 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
25,481 |
|
1.28 |
% |
1.92 |
% | ||
Total |
$ |
251,652 |
|
12.61 |
% |
13.63 |
% | ||
LargeCap
Growth I | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
431 |
|
0.03 |
% |
0.15 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
54,533 |
|
3.58 |
% |
6.99 |
% | ||
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
753 |
|
0.05 |
% |
0.02 |
% | ||
Loomis, Sayles & Company,
L.P. |
Natixis Securities Americas
LLC |
568 |
|
0.04 |
% |
0.04 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
160,388 |
|
10.52 |
% |
9.76 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
27,616 |
|
1.81 |
% |
1.10 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
106,356 |
|
6.98 |
% |
5.92 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
61,075 |
|
4.01 |
% |
3.04 |
% | ||
Total |
$ |
411,720 |
|
27.01 |
% |
22.46 |
% | ||
LargeCap
Growth II | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
18 |
|
0.01 |
% |
0.08 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
8,034 |
|
4.55 |
% |
6.99 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
5,754 |
|
3.26 |
% |
5.92 |
% | ||
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
18,045 |
|
10.23 |
% |
5.44 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
2,080 |
|
1.18 |
% |
0.63 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
8,330 |
|
4.72 |
% |
10.19 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
744 |
|
0.42 |
% |
0.28 |
% | ||
Total |
$ |
43,004 |
|
24.37 |
% |
29.53 |
% | ||
LargeCap
S&P 500 Index | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
2,034 |
|
47.43 |
% |
21.18 |
% | |
Total |
$ |
2,034 |
|
47.43 |
% |
21.18 |
% | ||
LargeCap
Value | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
239,596 |
|
7.80 |
% |
11.96 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
85,861 |
|
2.80 |
% |
1.53 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
174,294 |
|
5.68 |
% |
6.38 |
% | ||
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
43,721 |
|
1.42 |
% |
1.33 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
115,038 |
|
3.75 |
% |
2.42 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
40,631 |
|
1.32 |
% |
2.35 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
12,104 |
|
0.39 |
% |
0.74 |
% | ||
Total |
$ |
711,245 |
|
23.17 |
% |
26.72 |
% | ||
LargeCap
Value III | |||||||||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
3,183 |
|
0.51 |
% |
1.23 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
36,192 |
|
5.85 |
% |
8.43 |
% | ||
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
45,224 |
|
7.31 |
% |
9.24 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
1,902 |
|
0.31 |
% |
0.11 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
15,254 |
|
2.46 |
% |
2.63 |
% | ||
Total |
$ |
101,755 |
|
16.44 |
% |
21.64 |
% |
Fund |
Sub-Advisor
Employed by the Fund Complex |
Affiliated
Broker Receiving Commissions |
2016 Fund's
Total Commissions Paid |
% of Fund's Total Commissions |
%
of Dollar Amount of Fund's Commissionable Transactions | ||||
MidCap | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
194,698 |
|
6.59 |
% |
9.21 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
107,664 |
|
3.64 |
% |
2.94 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
199,371 |
|
6.75 |
% |
5.82 |
% | ||
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
66,159 |
|
2.24 |
% |
1.49 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
92,612 |
|
3.13 |
% |
3.37 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
12,374 |
|
0.42 |
% |
0.46 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
105,484 |
|
3.57 |
% |
4.10 |
% | ||
Total |
$ |
778,363 |
|
26.35 |
% |
27.40 |
% | ||
MidCap
Growth | |||||||||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
4,792 |
|
2.42 |
% |
2.07 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
6,832 |
|
3.44 |
% |
2.83 |
% | ||
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
1,677 |
|
0.85 |
% |
0.60 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
7,990 |
|
4.03 |
% |
3.57 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
2,850 |
|
1.44 |
% |
2.91 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
3,580 |
|
1.80 |
% |
3.11 |
% | ||
Total |
$ |
27,721 |
|
13.97 |
% |
15.09 |
% | ||
MidCap
Growth III | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
30,598 |
|
4.35 |
% |
6.06 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
18,919 |
|
2.69 |
% |
2.47 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
23,744 |
|
3.37 |
% |
5.43 |
% | ||
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
682 |
|
0.10 |
% |
0.11 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
8,358 |
|
1.19 |
% |
1.16 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
9,126 |
|
1.30 |
% |
2.11 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
47,961 |
|
6.82 |
% |
4.64 |
% | ||
Total |
$ |
139,389 |
|
19.81 |
% |
21.96 |
% | ||
MidCap
S&P 400 Index | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
4,637 |
|
17.23 |
% |
8.34 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
6,207 |
|
23.07 |
% |
31.12 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
228 |
|
0.85 |
% |
0.30 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
10 |
|
0.04 |
% |
0.10 |
% | ||
Total |
$ |
11,082 |
|
41.19 |
% |
39.86 |
% | ||
MidCap Value
I | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
740 |
|
0.04 |
% |
0.10 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
104,607 |
|
5.05 |
% |
1.12 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
111,898 |
|
5.41 |
% |
4.21 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
22,602 |
|
1.09 |
% |
1.61 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
37,703 |
|
1.82 |
% |
1.98 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
2,600 |
|
0.13 |
% |
0.02 |
% | ||
Total |
$ |
280,150 |
|
13.54 |
% |
9.04 |
% | ||
MidCap Value
III | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
93,561 |
|
7.46 |
% |
10.71 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
38,156 |
|
3.04 |
% |
2.33 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
97,934 |
|
7.81 |
% |
6.58 |
% | ||
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
8,834 |
|
0.70 |
% |
0.93 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
12,300 |
|
0.98 |
% |
1.17 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
24,259 |
|
1.93 |
% |
2.93 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
11,571 |
|
0.92 |
% |
0.21 |
% | ||
Total |
$ |
286,614 |
|
22.84 |
% |
24.87 |
% | ||
Fund |
Sub-Advisor
Employed by the Fund Complex |
Affiliated
Broker Receiving Commissions |
2016 Fund's
Total Commissions Paid |
% of Fund's Total Commissions |
%
of Dollar Amount of Fund's Commissionable Transactions | ||||
Overseas | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
193 |
|
0.01 |
% |
0.02 |
% | ||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
112,597 |
|
5.75 |
% |
10.06 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
95,003 |
|
4.85 |
% |
7.78 |
% | ||
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
36,077 |
|
1.84 |
% |
1.11 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
35,333 |
|
1.80 |
% |
0.99 |
% | ||
Total |
$ |
279,203 |
|
14.25 |
% |
19.96 |
% | ||
Principal
Capital Appreciation | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
144,334 |
|
14.51 |
% |
17.03 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
2,455 |
|
0.25 |
% |
0.31 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
31,054 |
|
3.12 |
% |
3.31 |
% | ||
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
170,153 |
|
17.11 |
% |
14.05 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
22,034 |
|
2.22 |
% |
1.83 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
44,435 |
|
4.47 |
% |
4.21 |
% | ||
Total |
$ |
414,466 |
|
41.68 |
% |
40.73 |
% | ||
Real Estate
Securities | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
66,693 |
|
4.18 |
% |
6.28 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
24,912 |
|
1.56 |
% |
2.13 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
114,560 |
|
7.18 |
% |
5.32 |
% | ||
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
35,243 |
|
2.21 |
% |
2.85 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
33,159 |
|
2.08 |
% |
1.51 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
62,421 |
|
3.91 |
% |
7.04 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
307 |
|
0.02 |
% |
0.13 |
% | ||
Total |
$ |
337,295 |
|
21.13 |
% |
25.26 |
% | ||
SmallCap | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
57,148 |
|
7.22 |
% |
9.46 |
% | ||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
32,903 |
|
4.16 |
% |
3.46 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
39,568 |
|
5.00 |
% |
5.01 |
% | ||
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
17,167 |
|
2.17 |
% |
2.66 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
32,484 |
|
4.10 |
% |
3.98 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
43,558 |
|
5.50 |
% |
7.03 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
2,638 |
|
0.33 |
% |
0.47 |
% | ||
Total |
$ |
225,465 |
|
28.48 |
% |
32.07 |
% | ||
SmallCap
Growth I | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
9,365 |
|
0.60 |
% |
0.31 |
% | ||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
46,371 |
|
2.96 |
% |
2.69 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
108,256 |
|
6.91 |
% |
7.41 |
% | ||
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
1,937 |
|
0.12 |
% |
0.15 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
31,878 |
|
2.04 |
% |
1.88 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
26,532 |
|
1.69 |
% |
2.57 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
19,689 |
|
1.26 |
% |
1.38 |
% | ||
Total |
$ |
244,028 |
|
15.58 |
% |
16.38 |
% | ||
SmallCap
S&P 600 Index | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
5,083 |
|
8.57 |
% |
3.63 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
10,466 |
|
17.66 |
% |
22.76 |
% | ||
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
532 |
|
0.90 |
% |
0.13 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
128 |
|
0.22 |
% |
0.18 |
% | ||
Total |
$ |
16,209 |
|
27.35 |
% |
26.70 |
% | ||
Fund |
Sub-Advisor
Employed by the Fund Complex |
Affiliated
Broker Receiving Commissions |
2016 Fund's
Total Commissions Paid |
% of Fund's Total Commissions |
%
of Dollar Amount of Fund's Commissionable Transactions | ||||
SmallCap
Value II | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
17,834 |
|
2.18 |
% |
0.93 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
9,660 |
|
1.18 |
% |
0.52 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
25,430 |
|
3.11 |
% |
2.12 |
% | ||
American Century Investment
Management, Inc. |
Nomura Securities
International, Inc. |
197,657 |
|
24.15 |
% |
33.66 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
171 |
|
0.02 |
% |
0.02 |
% | ||
Total |
$ |
250,753 |
|
30.64 |
% |
37.25 |
% |
Fund |
Sub-Advisor
Employed by the Fund Complex |
Affiliated
Broker Receiving Commissions |
2015 Fund's Total Commissions Paid |
% of Fund's Total Commissions |
%
of Dollar Amount of Fund's Commissionable Transactions | ||||
Diversified
International | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
2,278 |
|
0.03 |
% |
0.03 |
% | |
American Century Investment
Management, Inc. |
CIBC World Markets
Corp. |
22,747 |
|
0.33 |
% |
0.45 |
% | ||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
548,148 |
|
8.07 |
% |
10.79 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
342,952 |
|
5.05 |
% |
4.09 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
748,301 |
|
11.02 |
% |
9.55 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
26,499 |
|
0.39 |
% |
0.66 |
% | ||
Total |
$ |
1,690,926 |
|
24.89 |
% |
25.57 |
% | ||
Equity
Income | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
56,986 |
|
5.66 |
% |
9.25 |
% | |
American Century Investment
Management, Inc. |
CIBC World Markets
Corp. |
7,660 |
|
0.76 |
% |
0.17 |
% | ||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
15,749 |
|
1.56 |
% |
1.13 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
21,018 |
|
2.09 |
% |
1.88 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
6,796 |
|
0.67 |
% |
0.68 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
85,384 |
|
8.48 |
% |
8.43 |
% | ||
Total |
$ |
193,593 |
|
19.23 |
% |
21.54 |
% | ||
Global
Diversified Income | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
133,416 |
|
2.06 |
% |
2.86 |
% | |
American Century Investment
Management, Inc. |
CIBC World Markets
Corp. |
47,586 |
|
0.73 |
% |
0.28 |
% | ||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
507,428 |
|
7.84 |
% |
5.60 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
275,216 |
|
4.25 |
% |
4.44 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
427,713 |
|
6.61 |
% |
5.22 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
17,557 |
|
0.27 |
% |
0.16 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
59,795 |
|
0.92 |
% |
1.38 |
% | ||
Columbus Circle
Investors
Edge Asset Management,
Inc.
Finisterre Capital
LLP
Origin Asset Management
LLP
Post Advisory Group,
LLC
Principal Global Investors,
LLC
Principal Real Estate
Investors, LLC |
Spectrum Asset Management,
Inc. |
49,179 |
|
0.76 |
% |
0.64 |
% | ||
Total |
$ |
1,517,890 |
|
23.44 |
% |
20.58 |
% | ||
Fund |
Sub-Advisor
Employed by the Fund Complex |
Affiliated
Broker Receiving Commissions |
2015 Fund's Total Commissions Paid |
% of Fund's Total Commissions |
%
of Dollar Amount of Fund's Commissionable Transactions | ||||
Global Real
Estate Securities | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
63,983 |
|
1.94 |
% |
3.94 |
% | |
American Century Investment
Management, Inc. |
CIBC World Markets
Corp. |
1,257 |
|
0.04 |
% |
0.05 |
% | ||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
239,986 |
|
7.27 |
% |
5.21 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
93,374 |
|
2.83 |
% |
4.37 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
157,708 |
|
4.78 |
% |
6.18 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
19,304 |
|
0.59 |
% |
0.40 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
23,970 |
|
0.73 |
% |
2.27 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
240 |
|
0.01 |
% |
0.01 |
% | ||
Total |
$ |
599,822 |
|
18.18 |
% |
22.41 |
% | ||
International
Emerging Markets | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
3,632 |
|
0.07 |
% |
0.28 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
303,413 |
|
5.98 |
% |
5.77 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
435,282 |
|
8.58 |
% |
6.06 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
489,388 |
|
9.65 |
% |
9.07 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
20,897 |
|
0.41 |
% |
0.43 |
% | ||
Total |
$ |
1,252,612 |
|
24.70 |
% |
21.62 |
% | ||
International
I | |||||||||
American Century Investment
Management, Inc. |
CIBC World Markets
Corp. |
$ |
28 |
|
0.02 |
% |
0.21 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
111,207 |
|
60.97 |
% |
56.07 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
46,767 |
|
25.64 |
% |
34.51 |
% | ||
Total |
$ |
158,002 |
|
86.63 |
% |
90.79 |
% | ||
LargeCap
Growth | |||||||||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
38,120 |
|
2.00 |
% |
2.29 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
190,789 |
|
10.02 |
% |
7.04 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
17,584 |
|
0.92 |
% |
0.62 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
18,397 |
|
0.97 |
% |
2.02 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
27,141 |
|
1.43 |
% |
1.92 |
% | ||
Total |
$ |
292,029 |
|
15.33 |
% |
13.89 |
% | ||
LargeCap
Growth I | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
31,409 |
|
1.68 |
% |
0.98 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
51,160 |
|
2.73 |
% |
2.84 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
118,692 |
|
6.33 |
% |
8.66 |
% | ||
Guggenheim Partners Investment
Management, LLC |
Guggenheim Securities,
LLC |
384 |
|
0.02 |
% |
0.03 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
237,147 |
|
12.65 |
% |
13.42 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
52,377 |
|
2.79 |
% |
1.60 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
96,094 |
|
5.12 |
% |
5.80 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
64,950 |
|
3.46 |
% |
2.14 |
% | ||
Total |
$ |
652,213 |
|
34.78 |
% |
35.46 |
% | ||
LargeCap
Growth II | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
10,500 |
|
2.55 |
% |
1.18 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
13,322 |
|
3.24 |
% |
3.36 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
2,800 |
|
0.68 |
% |
0.72 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
22,218 |
|
5.40 |
% |
8.27 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
4,826 |
|
1.17 |
% |
0.45 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
18,562 |
|
4.51 |
% |
8.48 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
3,552 |
|
0.86 |
% |
0.37 |
% | ||
Total |
$ |
75,780 |
|
18.41 |
% |
22.85 |
% | ||
Fund |
Sub-Advisor
Employed by the Fund Complex |
Affiliated
Broker Receiving Commissions |
2015 Fund's Total Commissions Paid |
% of Fund's Total Commissions |
%
of Dollar Amount of Fund's Commissionable Transactions | ||||
LargeCap
S&P 500 Index | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
1,658 |
|
1.42 |
% |
0.21 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
867 |
|
0.74 |
% |
0.12 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
25,086 |
|
21.44 |
% |
22.46 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
141 |
|
0.12 |
% |
0.18 |
% | ||
Total |
$ |
27,752 |
|
23.71 |
% |
22.97 |
% | ||
LargeCap
Value | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
206,872 |
|
5.87 |
% |
8.82 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
175,939 |
|
5.00 |
% |
4.91 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
209,948 |
|
5.96 |
% |
3.68 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
168,143 |
|
4.77 |
% |
3.10 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
66,000 |
|
1.87 |
% |
1.36 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
64,127 |
|
1.82 |
% |
2.39 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
7,419 |
|
0.21 |
% |
0.16 |
% | ||
Total |
$ |
898,447 |
|
25.51 |
% |
24.42 |
% | ||
LargeCap
Value III | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
28,198 |
|
3.23 |
% |
2.19 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
10,587 |
|
1.21 |
% |
1.84 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
16,767 |
|
1.92 |
% |
1.92 |
% | ||
Guggenheim Partners Investment
Management, LLC |
Guggenheim Securities,
LLC |
596 |
|
0.07 |
% |
0.05 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
36,256 |
|
4.15 |
% |
5.92 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
3,188 |
|
0.36 |
% |
0.55 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
14,035 |
|
1.61 |
% |
1.90 |
% | ||
Total |
$ |
109,627 |
|
12.54 |
% |
14.37 |
% | ||
MidCap | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
244,825 |
|
8.08 |
% |
13.51 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
141,917 |
|
4.68 |
% |
3.87 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
61,124 |
|
2.02 |
% |
2.43 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
153,351 |
|
5.06 |
% |
4.07 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
96,086 |
|
3.17 |
% |
2.52 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
26,431 |
|
0.87 |
% |
0.91 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
82,366 |
|
2.72 |
% |
1.91 |
% | ||
Total |
$ |
806,100 |
|
26.61 |
% |
29.22 |
% | ||
MidCap
Growth | |||||||||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
2,413 |
|
1.27 |
% |
1.12 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
454 |
|
0.24 |
% |
0.20 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
9,084 |
|
4.77 |
% |
3.27 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
7,746 |
|
4.06 |
% |
4.40 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
3,246 |
|
1.70 |
% |
1.04 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
1,612 |
|
0.85 |
% |
1.21 |
% | ||
Total |
$ |
24,555 |
|
12.88 |
% |
11.24 |
% | ||
Fund |
Sub-Advisor
Employed by the Fund Complex |
Affiliated
Broker Receiving Commissions |
2015 Fund's Total Commissions Paid |
% of Fund's Total Commissions |
%
of Dollar Amount of Fund's Commissionable Transactions | ||||
MidCap
Growth III | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
12,772 |
|
1.53 |
% |
1.24 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
32,785 |
|
3.93 |
% |
5.42 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
15,064 |
|
1.80 |
% |
2.11 |
% | ||
Guggenheim Partners Investment
Management, LLC |
Guggenheim Securities,
LLC |
4,548 |
|
0.54 |
% |
0.29 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
49,069 |
|
5.87 |
% |
8.11 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
20,247 |
|
2.42 |
% |
1.92 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
15,585 |
|
1.87 |
% |
4.75 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
66,991 |
|
8.02 |
% |
4.66 |
% | ||
Total |
$ |
217,061 |
|
25.99 |
% |
28.49 |
% | ||
MidCap
S&P 400 Index | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
1,737 |
|
5.61 |
% |
3.10 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
24 |
|
0.08 |
% |
0.27 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
222 |
|
0.72 |
% |
2.21 |
% | ||
Total |
$ |
1,983 |
|
6.40 |
% |
5.59 |
% | ||
MidCap Value
I | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
523 |
|
0.02 |
% |
0.08 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
80,620 |
|
3.85 |
% |
5.07 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
64,855 |
|
3.10 |
% |
3.36 |
% | ||
Guggenheim Partners Investment
Management, LLC |
Guggenheim Securities,
LLC |
4,829 |
|
0.23 |
% |
0.11 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
124,600 |
|
5.95 |
% |
5.12 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
2,230 |
|
0.11 |
% |
0.05 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
37,730 |
|
1.80 |
% |
3.35 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
570 |
|
0.03 |
% |
0.01 |
% | ||
Total |
$ |
315,956 |
|
15.09 |
% |
17.14 |
% | ||
MidCap Value
III | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
83,291 |
|
8.53 |
% |
12.67 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
60,110 |
|
6.15 |
% |
4.60 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
27,559 |
|
2.82 |
% |
5.88 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
59,611 |
|
6.10 |
% |
5.63 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
7,437 |
|
0.76 |
% |
0.56 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
6,697 |
|
0.69 |
% |
0.94 |
% | ||
Total |
$ |
244,706 |
|
25.05 |
% |
30.28 |
% | ||
Overseas | |||||||||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
112,819 |
|
6.34 |
% |
12.26 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
127,154 |
|
7.15 |
% |
9.00 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
59,053 |
|
3.32 |
% |
4.14 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
73,354 |
|
4.12 |
% |
2.24 |
% | ||
Total |
$ |
372,380 |
|
20.93 |
% |
27.64 |
% | ||
Principal
Capital Appreciation | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
63,551 |
|
9.45 |
% |
13.03 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
2,575 |
|
0.38 |
% |
0.33 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
6,831 |
|
1.02 |
% |
0.98 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
23,437 |
|
3.48 |
% |
2.32 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
27,770 |
|
4.13 |
% |
4.53 |
% | ||
Total |
$ |
124,163 |
|
18.46 |
% |
21.18 |
% | ||
Fund |
Sub-Advisor
Employed by the Fund Complex |
Affiliated
Broker Receiving Commissions |
2015 Fund's Total Commissions Paid |
% of Fund's Total Commissions |
%
of Dollar Amount of Fund's Commissionable Transactions | ||||
Real Estate
Securities | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
85,185 |
|
9.47 |
% |
13.30 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
21,323 |
|
2.37 |
% |
1.79 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
30,917 |
|
3.44 |
% |
3.80 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
56,475 |
|
6.28 |
% |
5.59 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
17,731 |
|
1.97 |
% |
1.08 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
34,080 |
|
3.79 |
% |
7.98 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
1,287 |
|
0.14 |
% |
0.60 |
% | ||
Total |
$ |
246,999 |
|
27.47 |
% |
34.14 |
% | ||
SmallCap | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
22,588 |
|
2.50 |
% |
2.29 |
% | ||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
61,386 |
|
6.79 |
% |
6.83 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
42,357 |
|
4.69 |
% |
4.93 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
63,459 |
|
7.02 |
% |
4.49 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
21,729 |
|
2.40 |
% |
1.56 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
20,104 |
|
2.22 |
% |
3.84 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
3,342 |
|
0.37 |
% |
0.38 |
% | ||
Total |
$ |
234,965 |
|
25.99 |
% |
24.32 |
% | ||
SmallCap
Growth I | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
19,672 |
|
0.90 |
% |
0.54 |
% | ||
American Century Investment
Management, Inc. |
CIBC World Markets
Corp. |
5,638 |
|
0.26 |
% |
0.14 |
% | ||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
94,907 |
|
4.36 |
% |
6.21 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
114,113 |
|
5.24 |
% |
5.82 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
139,407 |
|
6.40 |
% |
7.16 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
47,266 |
|
2.17 |
% |
1.93 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
10,919 |
|
0.50 |
% |
0.83 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
36,594 |
|
1.68 |
% |
2.13 |
% | ||
Total |
$ |
468,517 |
|
21.51 |
% |
24.77 |
% | ||
SmallCap
S&P 600 Index | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
2,247 |
|
3.81 |
% |
2.38 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
16,504 |
|
28.01 |
% |
28.32 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
70 |
|
0.12 |
% |
0.11 |
% | ||
Total |
$ |
18,821 |
|
31.95 |
% |
30.81 |
% | ||
SmallCap
Value II | |||||||||
Mellon Capital Management
Corporation |
ConvergEx Execution Solutions
LLC |
$ |
13,455 |
|
1.25 |
% |
0.61 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
14,317 |
|
1.33 |
% |
1.72 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
23,362 |
|
2.17 |
% |
2.87 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
25,510 |
|
2.37 |
% |
1.07 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
138 |
|
0.01 |
% |
0.01 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
9,095 |
|
0.85 |
% |
1.18 |
% | ||
Total |
$ |
85,877 |
|
7.99 |
% |
7.47 |
% |
Fund |
Sub-Advisor
Employed by the Fund Complex |
Affiliated
Broker Receiving Commissions |
2014 Fund's Total Commissions Paid |
% of Fund's Total Commissions |
%
of Dollar Amount of Fund's Commissionable Transactions | ||||
Diversified
International | |||||||||
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
$ |
3,667 |
|
0.04 |
% |
0.12 |
% | |
American Century Investment
Management, Inc. |
CIBC World Markets
Corp. |
36,885 |
|
0.39 |
% |
0.76 |
% | ||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
813,823 |
|
8.58 |
% |
8.28 |
% | ||
Pyramis Global Advisors,
LLC |
Fidelity Brokerage Services
LLC |
910 |
|
0.01 |
% |
0.04 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
560,548 |
|
5.91 |
% |
4.84 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
889,681 |
|
9.38 |
% |
11.18 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
18,787 |
|
0.20 |
% |
0.37 |
% | ||
Total |
$ |
2,324,300 |
|
24.52 |
% |
25.59 |
% | ||
Equity
Income | |||||||||
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
$ |
364,465 |
|
26.83 |
% |
17.00 |
% | |
American Century Investment
Management, Inc. |
CIBC World Markets
Corp. |
8,002 |
|
0.59 |
% |
0.27 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
25,876 |
|
1.90 |
% |
2.19 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
14,584 |
|
1.07 |
% |
1.81 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
89,230 |
|
6.57 |
% |
7.37 |
% | ||
Total |
$ |
502,157 |
|
36.96 |
% |
28.64 |
% | ||
Global
Diversified Income | |||||||||
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
$ |
129,066 |
|
2.15 |
% |
2.48 |
% | |
American Century Investment
Management, Inc. |
CIBC World Markets
Corp. |
12,746 |
|
0.21 |
% |
0.07 |
% | ||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
433,287 |
|
7.20 |
% |
3.20 |
% | ||
Pyramis Global Advisors,
LLC |
Fidelity Brokerage Services
LLC |
10,891 |
|
0.18 |
% |
0.38 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
168,393 |
|
2.80 |
% |
1.48 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
341,442 |
|
5.68 |
% |
3.05 |
% | ||
Mellon Capital Management
Corporation |
Pershing LLC |
186 |
|
0.00 |
% |
0.00 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
43,747 |
|
0.73 |
% |
0.25 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
23,442 |
|
0.39 |
% |
0.57 |
% | ||
Principal Financial
Group |
Spectrum Asset Management,
Inc. |
216,683 |
|
3.60 |
% |
1.98 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
9,182 |
|
0.15 |
% |
0.10 |
% | ||
Total |
$ |
1,389,068 |
|
23.09 |
% |
13.56 |
% | ||
Global Real
Estate Securities | |||||||||
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
$ |
19,804 |
|
0.91 |
% |
1.62 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
157,415 |
|
7.25 |
% |
4.49 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
59,277 |
|
2.73 |
% |
4.11 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
99,148 |
|
4.57 |
% |
5.68 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
8,918 |
|
0.41 |
% |
0.42 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
3,931 |
|
0.18 |
% |
0.49 |
% | ||
Total |
$ |
348,493 |
|
16.06 |
% |
16.81 |
% | ||
High Yield
I | |||||||||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
$ |
365 |
|
18.01 |
% |
10.46 |
% | |
Total |
$ |
365 |
|
18.01 |
% |
10.46 |
% | ||
International
Emerging Markets | |||||||||
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
$ |
975 |
|
0.01 |
% |
0.04 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
616,202 |
|
7.16 |
% |
7.45 |
% | ||
Pyramis Global Advisors,
LLC |
Fidelity Brokerage Services
LLC |
5,074 |
|
0.06 |
% |
0.07 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
517,460 |
|
6.02 |
% |
6.69 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
727,987 |
|
8.46 |
% |
9.24 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
3,572 |
|
0.04 |
% |
0.11 |
% | ||
Total |
$ |
1,871,270 |
|
21.76 |
% |
23.61 |
% | ||
Fund |
Sub-Advisor
Employed by the Fund Complex |
Affiliated
Broker Receiving Commissions |
2014 Fund's Total Commissions Paid |
% of Fund's Total Commissions |
%
of Dollar Amount of Fund's Commissionable Transactions | ||||
International
I | |||||||||
Cliffwater LLC |
Commonwealth Australia
Securities LLC |
$ |
|||||||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
94,270 |
|
10.02 |
% |
14.07 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
78,945 |
|
8.39 |
% |
9.58 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
73,715 |
|
7.83 |
% |
4.85 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
289 |
|
0.03 |
% |
0.05 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Tora Trading Services,
LLC |
112 |
|
0.01 |
% |
0.01 |
% | ||
Total |
$ |
247,331 |
|
26.28 |
% |
28.57 |
% | ||
LargeCap
Growth | |||||||||
Goldman Sachs Asset Management,
L.P. |
BIDS Trading
L.P. |
$ |
21,282 |
|
0.70 |
% |
1.21 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
14,676 |
|
0.48 |
% |
0.87 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
38,937 |
|
1.29 |
% |
1.38 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
157,200 |
|
5.19 |
% |
5.69 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
34,067 |
|
1.12 |
% |
1.51 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
17,063 |
|
0.56 |
% |
0.38 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
17,157 |
|
0.57 |
% |
1.44 |
% | ||
Total |
$ |
300,384 |
|
9.92 |
% |
12.47 |
% | ||
LargeCap
Growth I | |||||||||
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
$ |
16,712 |
|
0.97 |
% |
0.74 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
53,347 |
|
3.10 |
% |
3.73 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
187,305 |
|
10.90 |
% |
8.16 |
% | ||
Guggenheim Partners Investment
Management, LLC |
Guggenheim Securities,
LLC |
2,024 |
|
0.12 |
% |
0.11 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
176,590 |
|
10.28 |
% |
8.70 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
26,553 |
|
1.55 |
% |
0.83 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
57,961 |
|
3.37 |
% |
2.76 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
42,346 |
|
2.46 |
% |
1.40 |
% | ||
Total |
$ |
562,837 |
|
32.75 |
% |
26.42 |
% | ||
LargeCap
Growth II | |||||||||
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
$ |
76,346 |
|
12.17 |
% |
6.60 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
62,890 |
|
10.03 |
% |
12.55 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
20,875 |
|
3.33 |
% |
2.62 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
47,431 |
|
7.56 |
% |
7.64 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
13,958 |
|
2.22 |
% |
1.10 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
47,225 |
|
7.53 |
% |
13.05 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
739 |
|
0.12 |
% |
0.07 |
% | ||
Total |
$ |
269,464 |
|
42.95 |
% |
43.62 |
% | ||
LargeCap
S&P 500 Index | |||||||||
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
$ |
1,917 |
|
4.83 |
% |
1.11 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
16,478 |
|
41.53 |
% |
45.14 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
351 |
|
0.89 |
% |
0.15 |
% | ||
Total |
$ |
18,746 |
|
47.25 |
% |
46.39 |
% | ||
Fund |
Sub-Advisor
Employed by the Fund Complex |
Affiliated
Broker Receiving Commissions |
2014 Fund's Total Commissions Paid |
% of Fund's Total Commissions |
%
of Dollar Amount of Fund's Commissionable Transactions | ||||
LargeCap
Value | |||||||||
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
$ |
488,553 |
|
8.62 |
% |
16.67 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
124,975 |
|
2.21 |
% |
3.42 |
% | ||
Pyramis Global Advisors,
LLC |
Fidelity Brokerage Services
LLC |
16,432 |
|
0.29 |
% |
0.95 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
68,119 |
|
1.20 |
% |
2.21 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
345,271 |
|
6.10 |
% |
4.33 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
162,295 |
|
2.87 |
% |
1.61 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
194,477 |
|
3.43 |
% |
4.81 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
36,814 |
|
0.65 |
% |
0.37 |
% | ||
Total |
$ |
1,436,938 |
|
25.37 |
% |
34.38 |
% | ||
LargeCap
Value III | |||||||||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
26,089 |
|
2.04 |
% |
2.59 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
35,138 |
|
2.75 |
% |
3.57 |
% | ||
Guggenheim Partners Investment
Management, LLC |
Guggenheim Securities,
LLC |
4,735 |
|
0.37 |
% |
0.26 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
52,865 |
|
4.13 |
% |
2.44 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
8,630 |
|
0.67 |
% |
0.47 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
43,024 |
|
3.36 |
% |
4.34 |
% | ||
Total |
$ |
170,481 |
|
13.32 |
% |
13.66 |
% | ||
MidCap | |||||||||
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
$ |
244,227 |
|
11.76 |
% |
19.13 |
% | |
American Century Investment
Management, Inc. |
CIBC World Markets
Corp. |
252 |
|
0.01 |
% |
0.01 |
% | ||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
133,148 |
|
6.41 |
% |
5.93 |
% | ||
Pyramis Global Advisors,
LLC |
Fidelity Brokerage Services
LLC |
699 |
|
0.03 |
% |
0.09 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
54,092 |
|
2.60 |
% |
2.67 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
39,109 |
|
1.88 |
% |
1.71 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
29,174 |
|
1.40 |
% |
1.03 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
54,052 |
|
2.60 |
% |
2.85 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
6,013 |
|
2.89 |
% |
2.44 |
% | ||
Total |
$ |
614,765 |
|
29.59 |
% |
35.85 |
% | ||
MidCap
Growth | |||||||||
Goldman Sachs Asset Management,
L.P. |
BIDS Trading
L.P. |
$ |
1,616 |
|
0.54 |
% |
1.07 |
% | |
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
145 |
|
0.05 |
% |
0.18 |
% | ||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
1,084 |
|
0.36 |
% |
0.13 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
1,736 |
|
0.58 |
% |
0.42 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
6,354 |
|
2.14 |
% |
1.65 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
6,291 |
|
2.11 |
% |
1.95 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
424 |
|
0.14 |
% |
0.13 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
4,065 |
|
1.37 |
% |
1.53 |
% | ||
Total |
$ |
21,715 |
|
7.30 |
% |
7.06 |
% | ||
Fund |
Sub-Advisor
Employed by the Fund Complex |
Affiliated
Broker Receiving Commissions |
2014 Fund's Total Commissions Paid |
% of Fund's Total Commissions |
%
of Dollar Amount of Fund's Commissionable Transactions | ||||
MidCap
Growth III | |||||||||
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
$ |
17,538 |
|
1.30 |
% |
0.72 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
33,819 |
|
2.50 |
% |
1.57 |
% | ||
Pyramis Global Advisors,
LLC |
Fidelity Brokerage Services
LLC |
||||||||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
16,536 |
|
1.22 |
% |
1.17 |
% | ||
Guggenheim Partners Investment
Management, LLC |
Guggenheim Securities,
LLC |
1,121 |
|
0.08 |
% |
0.06 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
40,443 |
|
2.99 |
% |
2.62 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
32,281 |
|
2.39 |
% |
1.09 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
6,423 |
|
0.47 |
% |
0.82 |
% | ||
Mellon Capital Management
Corporation |
Westminster Research Associates
LLC |
113,220 |
|
8.37 |
% |
12.64 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
39,752 |
|
2.94 |
% |
1.40 |
% | ||
Total |
$ |
301,134 |
|
22.26 |
% |
22.09 |
% | ||
MidCap
S&P 400 Index | |||||||||
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
$ |
461 |
|
1.17 |
% |
0.92 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
25 |
|
0.06 |
% |
0.16 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
12 |
|
0.03 |
% |
0.05 |
% | ||
Total |
$ |
498 |
|
1.27 |
% |
1.14 |
% | ||
MidCap Value
I | |||||||||
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
$ |
17,641 |
|
1.05 |
% |
0.96 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
72,528 |
|
4.30 |
% |
3.46 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
39,755 |
|
2.36 |
% |
2.63 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
81,309 |
|
4.82 |
% |
5.19 |
% | ||
Pyramis Global Advisors,
LLC |
National Financial Services,
LLC |
651 |
|
0.04 |
% |
0.06 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
5,914 |
|
0.35 |
% |
0.22 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
33,150 |
|
1.97 |
% |
3.01 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
243 |
|
0.01 |
% |
0.01 |
% | ||
Total |
$ |
251,189 |
|
14.89 |
% |
15.54 |
% | ||
MidCap Value
III | |||||||||
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
$ |
151,299 |
|
17.94 |
% |
22.89 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
45,776 |
|
5.43 |
% |
3.39 |
% | ||
Pyramis Global Advisors,
LLC |
Fidelity Brokerage Services
LLC |
248 |
|
0.03 |
% |
0.06 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
15,134 |
|
1.79 |
% |
2.58 |
% | ||
Guggenheim Partners Investment
Management, LLC |
Guggenheim Securities,
LLC |
42 |
|
0.00 |
% |
0.00 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
50,807 |
|
6.03 |
% |
5.81 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
14,531 |
|
1.72 |
% |
0.69 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
14,858 |
|
1.76 |
% |
1.33 |
% | ||
Total |
$ |
292,697 |
|
34.71 |
% |
36.75 |
% | ||
Overseas | |||||||||
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
$ |
5,633 |
|
0.31 |
% |
0.57 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
148,177 |
|
8.28 |
% |
11.97 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
91,601 |
|
5.12 |
% |
6.72 |
% | ||
Guggenheim Partners Investment
Management, LLC |
Guggenheim Securities,
LLC |
2,170 |
|
0.12 |
% |
0.10 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
91,174 |
|
5.10 |
% |
5.05 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
99,293 |
|
5.55 |
% |
3.15 |
% | ||
Total |
$ |
438,049 |
|
24.49 |
% |
27.57 |
% | ||
Fund |
Sub-Advisor
Employed by the Fund Complex |
Affiliated
Broker Receiving Commissions |
2014 Fund's Total Commissions Paid |
% of Fund's Total Commissions |
%
of Dollar Amount of Fund's Commissionable Transactions | ||||
Principal
Capital Appreciation | |||||||||
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
$ |
33,893 |
|
11.89 |
% |
13.02 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
1,849 |
|
0.65 |
% |
0.09 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
2,162 |
|
0.76 |
% |
1.34 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
10,776 |
|
3.78 |
% |
2.99 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
1,559 |
|
0.55 |
% |
1.00 |
% | ||
Total |
$ |
50,238 |
|
17.63 |
% |
18.44 |
% | ||
Real Estate
Securities | |||||||||
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
$ |
17,273 |
|
2.78 |
% |
2.37 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
38,443 |
|
6.19 |
% |
6.05 |
% | ||
Pyramis Global Advisors,
LLC |
Fidelity Brokerage Services
LLC |
151 |
|
0.02 |
% |
0.03 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
29,419 |
|
4.73 |
% |
4.76 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
23,608 |
|
3.80 |
% |
4.70 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
20,114 |
|
3.24 |
% |
2.97 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
1,108 |
|
0.18 |
% |
0.18 |
% | ||
Total |
$ |
130,116 |
|
20.94 |
% |
21.06 |
% | ||
SmallCap | |||||||||
Goldman Sachs Asset Management,
L.P. |
BIDS Trading
L.P. |
$ |
319 |
|
0.04 |
% |
0.01 |
% | |
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
21,233 |
|
2.48 |
% |
3.34 |
% | ||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
67,674 |
|
7.90 |
% |
8.51 |
% | ||
Pyramis Global Advisors,
LLC |
Fidelity Brokerage Services
LLC |
578 |
|
0.07 |
% |
0.11 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
60,581 |
|
7.07 |
% |
7.00 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
34,229 |
|
3.99 |
% |
4.17 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
20,069 |
|
2.34 |
% |
4.06 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
4,098 |
|
0.48 |
% |
1.05 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
313 |
|
0.04 |
% |
0.03 |
% | ||
Total |
$ |
209,094 |
|
24.40 |
% |
28.28 |
% | ||
SmallCap
Growth I | |||||||||
Goldman Sachs Asset Management,
L.P. |
BIDS Trading
L.P. |
$ |
9,210 |
|
0.38 |
% |
0.51 |
% | |
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
6,005 |
|
0.25 |
% |
0.26 |
% | ||
American Century Investment
Management, Inc. |
CIBC World Markets
Corp. |
3,153 |
|
0.13 |
% |
0.11 |
% | ||
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
93,117 |
|
3.80 |
% |
4.36 |
% | ||
Pyramis Global Advisors,
LLC |
Fidelity Brokerage Services
LLC |
26,390 |
|
1.08 |
% |
2.23 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
125,416 |
|
5.12 |
% |
5.36 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
169,444 |
|
6.92 |
% |
5.96 |
% | ||
Mellon Capital Management
Corporation |
Robert W. Baird &
Co. |
2,370 |
|
0.10 |
% |
0.01 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
46,893 |
|
1.91 |
% |
1.61 |
% | ||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
5,022 |
|
0.21 |
% |
0.22 |
% | ||
William Blair & Company,
L.L.C. |
William Blair & Company,
L.L.C. |
34,975 |
|
1.43 |
% |
1.59 |
% | ||
Total |
$ |
521,995 |
|
21.31 |
% |
22.22 |
% | ||
SmallCap
S&P 600 Index | |||||||||
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
$ |
1,644 |
|
3.17 |
% |
3.24 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
8,811 |
|
16.98 |
% |
17.31 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
||||||||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
||||||||
AllianceBernstein
L.P. |
Sanford C. Bernstein & Co.,
LLC |
94 |
|
0.18 |
% |
0.49 |
% | ||
Total |
$ |
10,549 |
|
20.33 |
% |
21.03 |
% | ||
Fund |
Sub-Advisor
Employed by the Fund Complex |
Affiliated
Broker Receiving Commissions |
2014 Fund's Total Commissions Paid |
% of Fund's Total Commissions |
%
of Dollar Amount of Fund's Commissionable Transactions | ||||
SmallCap
Value II | |||||||||
Mellon Capital Management
Corporation |
BNY ConvergEx Execution
Solutions LLC |
$ |
9,776 |
|
0.83 |
% |
0.53 |
% | |
Credit Suisse Asset Management,
LLC |
Credit Suisse,
Inc. |
7,126 |
|
0.61 |
% |
0.77 |
% | ||
Pyramis Global Advisors,
LLC |
Fidelity Brokerage Services
LLC |
133 |
|
0.01 |
% |
0.01 |
% | ||
Goldman Sachs Asset Management,
L.P. |
Goldman Sachs &
Co. |
209 |
|
0.02 |
% |
0.00 |
% | ||
J.P. Morgan Investment
Management, Inc. |
J.P. Morgan Securities
LLC |
40,966 |
|
3.49 |
% |
2.08 |
% | ||
Baird Investment
Management |
Robert W. Baird &
Co. |
622 |
|
0.05 |
% |
0.05 |
% | ||
Total |
$ |
58,832 |
|
5.01 |
% |
3.44 |
% |
Holdings of
Securities of Principal Funds, Inc. Regular Brokers and
Dealers | ||||
Fund |
Broker or
Dealer |
Holdings
(in
thousands) | ||
Core Plus Bond |
Bank of America
Corp |
|
$46,848 |
|
Bank of New York Mellon
Corp/The |
14,785 |
| ||
Citigroup Inc |
26,608 |
| ||
Credit Suisse Group AG
|
5,134 |
| ||
Goldman Sachs Group Inc/The
|
122,220 |
| ||
Morgan Stanley |
78,379 |
| ||
UBS Group AG |
26,604 |
| ||
Wells Fargo & Co
|
32,974 |
| ||
Diversified
International |
Deutsche Bank AG
|
30,905 |
| |
Goldman Sachs Group
Inc/The |
175,783 |
| ||
Equity Income |
Morgan Stanley |
71,079 |
| |
Wells Fargo &
Co |
82,437 |
| ||
Global Diversified
Income |
Bank of America Corp
|
33,938 |
| |
Bank of New York Mellon
Corp/The |
4,306 |
| ||
Citigroup Inc |
107,357 |
| ||
Credit Suisse Group AG
|
79,642 |
| ||
Deutsche Bank AG
|
10,194 |
| ||
Goldman Sachs Group Inc/The
|
2,864 |
| ||
Morgan Stanley |
439,831 |
| ||
Nomura Holdings Inc
|
5,285 |
| ||
UBS Group AG |
109,694 |
| ||
Wells Fargo & Co
|
108,230 |
| ||
Global Real Estate
Securities |
Deutsche Bank AG
|
100,618 |
| |
Morgan Stanley |
44,873 |
| ||
Nomura Holdings Inc
|
25,710 |
| ||
Government & High Quality
Bond |
Citigroup Inc |
25,999 |
| |
Goldman Sachs Group Inc/The
|
22,785 |
| ||
Wells Fargo & Co
|
6,130 |
| ||
High Yield |
Goldman Sachs Group Inc/The
|
181,202 |
| |
Wells Fargo & Co
|
28,249 |
| ||
High Yield I |
Bank of America Corp
|
977 |
| |
Citigroup Inc |
602 |
|
Holdings of
Securities of Principal Funds, Inc. Regular Brokers and
Dealers | ||||
Income |
Bank of America Corp
|
31,464 |
| |
Bank of New York Mellon
Corp/The |
30,635 |
| ||
Citigroup Inc |
33,275 |
| ||
Goldman Sachs Group Inc/The
|
150,661 |
| ||
Morgan Stanley |
28,576 |
| ||
Wells Fargo & Co
|
15,638 |
| ||
Inflation
Protection |
Bank of America
Corp |
1,374 |
| |
International Emerging
Markets |
Goldman Sachs Group
Inc/The |
4,977 |
| |
LargeCap Growth |
Goldman Sachs Group
Inc/The |
117,397 |
| |
LargeCap Growth
I |
Morgan Stanley |
119,458 |
| |
LargeCap Growth
II |
Morgan Stanley |
10,894 |
| |
LargeCap S&P 500
Index |
Bank of America Corp
|
45,058 |
| |
Bank of New York Mellon
Corp/The |
12,363 |
| ||
Citigroup Inc |
38,213 |
| ||
Goldman Sachs Group Inc/The
|
17,985 |
| ||
Morgan Stanley |
40,069 |
| ||
Wells Fargo & Co
|
55,910 |
| ||
LargeCap Value |
Bank of America
Corp |
46,299 |
| |
Citigroup Inc |
3,637 |
| ||
Goldman Sachs Group Inc/The
|
20,820 |
| ||
Morgan Stanley |
41,996 |
| ||
Wells Fargo & Co
|
24,431 |
| ||
LargeCap Value
III |
Bank of America
Corp |
37,501 |
| |
Bank of New York Mellon
Corp/The |
982 |
| ||
Citigroup Inc |
21,285 |
| ||
Goldman Sachs Group Inc/The
|
41,498 |
| ||
Morgan Stanley |
1,038 |
| ||
Wells Fargo & Co
|
45,009 |
| ||
MidCap |
Goldman Sachs Group
Inc/The |
9,705 |
| |
MidCap Growth |
Goldman Sachs Group
Inc/The |
3,972 |
| |
MidCap Value
III |
Goldman Sachs Group
Inc/The |
8,279 |
| |
Money Market |
Bank of America
Corp |
25,000 |
| |
Credit Suisse Group AG
|
26,962 |
| ||
Deutsche Bank AG
|
9,300 |
| ||
Goldman Sachs Group
Inc/The |
8,730 |
| ||
Morgan Stanley |
10,350 |
| ||
Wells Fargo & Co
|
7,200 |
| ||
Overseas |
Credit Suisse Group
AG |
25,935 |
| |
Deutsche Bank AG
|
19,967 |
| ||
Nomura Holdings Inc
|
1,962 |
| ||
UBS Group AG |
15,692 |
| ||
Principal Capital
Appreciation |
Goldman Sachs Group
Inc/The |
40,006 |
| |
Wells Fargo & Co
|
39,195 |
| ||
Short-Term
Income |
Bank of America
Corp |
92,120 |
| |
Bank of New York Mellon
Corp/The |
48,340 |
| ||
Citigroup Inc |
46,624 |
| ||
Credit Suisse Group AG
|
2,804 |
| ||
Goldman Sachs Group Inc/The
|
43,880 |
| ||
Morgan Stanley |
154,692 |
| ||
Wells Fargo & Co
|
39,825 |
| ||
SmallCap |
Goldman Sachs Group
Inc/The |
8,054 |
|
• |
PGI serves as the investment
adviser to the underlying mutual funds in which the funds of funds invest,
sometimes the discretionary advisor, and an affiliated investment adviser
may serve as sub-adviser to the mutual funds in which a fund of funds may
invest. This raises a potential conflict because PGI's or an affiliated
company's profit margin may vary depending upon the underlying fund in
which the funds of funds invest; |
• |
PGI or an affiliated person
may serve as investment adviser to a portion of a Multi-Managed Fund. This
raises a potential conflict because PGI's or an affiliated investment
adviser's profit margin may vary depending on the extent to which a
Multi-Managed Fund's assets are managed by PGI or allocated to an
affiliated adviser. |
• |
A sub-advisor may determine
that the asset class PFI has hired it to manage (for example, small
capitalization growth stocks) can be managed effectively only by limiting
the amount of money devoted to the purchase of securities in the asset
class. In such a case, a sub-advisor may impose a limit on the amount of
money PFI may place with the sub-advisor for management. When a
sub-advisor for two or more PFI Funds imposes such a limit, PGI and/or the
sub-advisor may need to determine which Fund will be required to limit its
investment in the asset class and the degree to which the Fund will be so
limited. PGI and the sub-advisor may face a conflict of interest in making
its determination. |
• |
Maintains a documented,
systematic methodology for determining into which mutual funds the funds
of funds invest that does not give undue consideration to the impact to
PGI or affiliates. |
• |
Maintains a documented,
systematic methodology for determining the portions of a Multi-Managed
Fund to be allocated to a sub-adviser that does not give undue
consideration to the impact to PGI or its
affiliates; |
• |
Reminds its investment
personnel who provide services to the funds of funds or Multi-Managed
Funds of PGI's inherent conflicts of interest, and PGI's duties of loyalty
and care as a fiduciary, and obtains a quarterly written affirmation from
each portfolio manager that he/she has employed the applicable methodology
in good faith in making investment decisions during the preceding quarter;
and |
• |
PGI's Investment Oversight and
Risk Committee monitors the services provided to the funds of funds and
Multi-Managed Funds to ensure such services conform to the applicable
investment methodology, that undue consideration is not given to PGI or
its affiliates, and that such services reflect PGI's duties of loyalty and
care as a fiduciary. |
• |
Shareholders, including those
in omnibus accounts, who own shares of the Fund as of June 14, 2013 (for
retail investors, i.e., non-employer sponsored retirement plan investors)
or August 15, 2013, (for employer sponsored retirement plan investors),
may continue to make purchases, exchanges, and dividend or capital gains
reinvestment in existing accounts. |
• |
Registered Investment Advisor
(RIA) and bank trust firms that have an investment allocation to the
MidCap Strategy (i.e. investments in the same strategy used in collective
investment trust, separately managed accounts, individually managed
accounts or insurance separate accounts) in a fee-based, wrap or advisory
account, may continue to add new clients, purchase shares, and exchange
into the Fund. The Fund will not be available to new RIA and bank trust
firms. |
• |
Shareholders through accounts
at private banks may continue to purchase shares and exchange into the
Fund. Private banks that have an investment allocation to the MidCap
Strategy may add new clients to the Fund. The Fund will not be available
to private bank or private bank platforms not already investing in the
MidCap Strategy. |
• |
Shareholders in broker/dealer
wrap or fee-based programs that have an investment allocation to the Fund
may continue to purchase shares and exchange into the Fund. Existing
broker/dealer wrap or fee-based programs may add new
participants. |
• |
Shareholders in certain types
of retirement plans (including 401(k)s, SEPs, SIMPLEs, 403(b)s, etc.) may
continue to purchase shares and exchange into the Fund. New participants
in these plans may elect to purchase shares of the
Fund. |
• |
Retirement plans in transition
as of the closure date will have until August 15, 2013, to fund any new
accounts in the Fund. |
• |
Investors who open a new IRA
transfer or rollover account by the close of business on June 13, 2013,
will have until August 15, 2013, to fund these
accounts. |
• |
Shareholders within brokerage
accounts may continue to purchase shares of the Fund; however, new
brokerage accounts will not be permitted to begin investing in the Fund
after June 14, 2013. |
• |
529 plans that include the
Fund within their investment options may continue to purchase shares and
exchange into the Fund. |
• |
Investors who have a direct
investment in the MidCap Strategy may, subject to the approval of the
Distributor, purchase shares in the Fund. |
• |
Notify the shareholder in
writing as to the account’s status and request that the account(s) be
moved to another registered
broker-dealer; |
• |
Remove the broker/dealer from
the account. If the shareholder does not request another registered
broker/dealer to be added to the account, Principal Shareholder Services,
Inc. (“PSS”), the Funds’ Transfer Agent, will hold the accounts until
another registered broker/dealer is added to the account. PSS is not
a broker-dealer and does not offer investment advice;
and |
• |
No initial sales charge will
apply to purchases of Fund shares while PSS is holding the
account. |
Exchange
From Class |
Exchange
To Class |
A |
Institutional |
C |
A,
Institutional |
Institutional |
A, C,
R-6 |
• |
You or your retirement plan
sponsor must be eligible to purchase shares of the class into which the
exchange is to occur; |
• |
Your financial intermediary or
the retirement plan sponsor's financial intermediary must have an
agreement with the underwriter or transfer agent of Principal Funds
allowing the purchase of such share class for
you; |
• |
The Fund must offer shares of
such class of such Fund in your state or the state of the retirement plan
sponsor; |
• |
In order to exchange into
Class A shares, you must be eligible to purchase Class A shares with no
initial sales charge; |
• |
Depending on the
circumstances, for exchanges from Classes A and C shares there may be a
contingent deferred sales charge in connection with the exchange;
and |
• |
Any such exchange must be
requested by your financial intermediary or retirement plan sponsor (with
approval by the Distributor) and, except as otherwise approved by the
Distributor, must result from either (i) the financial intermediary
seeking to have shares of the Funds on their platform held in a particular
share class, (ii) the share class becoming available to your financial
intermediary or financial professional through a new relationship, or
(iii) your retirement plan sponsor electing to have shares of the Funds
offered as part of the plan investment options held in a particular share
class. |
• |
The Government Money Market
Fund does not permit exchanges. |
• |
If a shareholder submits a
redemption order while a redemption gate is in effect, the redemption
order is invalid and a shareholder must submit a new redemption order
after the gate is lifted. |
• |
If the Money Market Fund
received, but has not yet processed, a purchase order prior to notifying
investors of the imposition of liquidity fees or redemption gates, such
purchase order will be considered a valid purchase and will be processed
normally. |
• |
If a liquidity fee is imposed
during the day, an intermediary that receives both purchase and redemption
orders from a single underlying accountholder will not apply the liquidity
fee to the net amount of redemptions made by that same accountholder,
since the purchase order was received before the time the liquidity fee
was implemented. |
• |
If a redemption request was
verifiably submitted to the Money Market Fund’s agent before a liquidity
fee or redemption gate is imposed but is received by the Money Market Fund
after a liquidity fee or redemption gate is imposed, the fund will pay the
proceeds of the redemption request despite the gate and will not impose a
liquidity fee on the redemption request. |
• |
A checkwriting redemption
request which is verifiably submitted to the Money Market Fund’s agent
before a liquidity fee or redemption gate is imposed will be considered a
valid redemption and will be processed
normally. |
invested
less than 10% |
invested
less than 30%, but more than 10% | |
Dates and length of time for
which the Fund invested less than 10% (or 30%, as applicable) of its total
assets in weekly liquid assets. |
none to disclose at this
time |
none to disclose at this
time |
Dates and length of time for
which the Fund’s board of directors determined to impose a liquidity fee
and/or temporarily suspend the Fund’s redemptions. |
none to disclose at this
time |
none to disclose at this
time |
Percentage of the Fund’s total
assets invested in weekly liquid assets as of the dates the Fund invested
less than 10% (or 30%, as applicable) in weekly liquid
assets. |
none to disclose at this
time |
none to disclose at this
time |
Percentage of the Fund’s total
assets invested in weekly liquid assets as of the dates the Fund imposed a
liquidity fee. |
none to disclose at this
time |
none to disclose at this
time |
Size of liquidity
fee. |
none to disclose at this
time |
none to disclose at this
time |
Percentage of the Fund’s total
assets invested in weekly liquid assets as of the date on which the Fund
suspended redemptions (implemented a redemption gate). |
none to disclose at this
time |
none to disclose at this
time |
Date on which the Fund
initially suspended redemptions (implemented a redemption
gate). |
none to disclose at this
time |
none to disclose at this
time |
Date on which the Fund removed
the liquidity fee and/or resumed fund redemptions. |
none to disclose at this
time |
none to disclose at this
time |
Financial
Support to the Government Money Market or Money Market
Fund |
Merging
Investment Company | |
Description of nature of
support. |
none to disclose at this
time |
none to disclose at this
time |
Person providing
support. |
none to disclose at this
time |
none to disclose at this
time |
Brief description of
relationship between the person providing support and the
Fund. |
none to disclose at this
time |
none to disclose at this
time |
Date support
provided. |
none to disclose at this
time |
none to disclose at this
time |
Amount of
support. |
none to disclose at this
time |
none to disclose at this
time |
Security supported (if
applicable). Disclose the name of the issuer, the title of the issue
(including coupon or yield, if applicable) and at least two identifiers,
if available (e.g., CUSIP, ISIN, CIK, LEI).) |
none to disclose at this
time |
none to disclose at this
time |
Value of security supported on
date support was initiated (if applicable). |
none to disclose at this
time |
none to disclose at this
time |
• |
taking the current market
value of the total assets of the Fund |
• |
subtracting liabilities of the
Fund |
• |
dividing the remainder
proportionately into the classes of the
Fund |
• |
subtracting the liability of
each class |
• |
dividing the remainder by the
total number of shares owned in that
class. |
1) |
Daily to the Fund's portfolio
pricing services, Bloomberg, ICE Data Services, J.J. Kenny, J.P. Morgan
PricingDirect, Inc., Markit Partners, and Standard & Poor’s Securities
Evaluations, Inc. to obtain prices for portfolio
securities; |
2) |
Upon proper request to
government regulatory agencies or to self-regulatory
organizations; |
3) |
As needed to Ernst & Young
LLP, the independent registered public accounting firm, in connection with
the performance of the services provided by Ernst & Young LLP to the
Fund; |
4) |
To the sub-advisers' proxy
service providers (Automatic Data Processing, Glass Lewis & Co., and
Institutional Shareholder Services (ISS)) to facilitate voting of proxies;
and |
5) |
To the Fund's custodian, and
tax service provider, The Bank of New York Mellon, in connection with the
tax and custodial services it provides to the
Fund. |
Abacus Group
LLC |
INDATA |
Abel Noser |
Infinit
Outsourcing |
Advent |
Investment Company Institute
(ICI) |
Advent Custodial Data
(ACD) |
Investor
Analytics |
Advent Portfolio
Exchange |
Iron
Mountain |
Archway Technology Partners,
LLC |
ITG |
Ascendant Compliance
Management |
JPMorgan Worldwide Securities
Services |
Ashland
Partners |
LexisNexis |
Barclays
Capital |
Lipper |
Barra |
Markit WSO
Services |
Barra Portfolio
Manager |
Misys International Banking
Systems, Inc. |
Black Mountain
Systems |
Morgan
Stanley |
BlackRock Solutions Aladdin
System |
Morningstar,
Inc. |
Bloomberg |
MSCI |
Broadridge Financial Solutions,
Inc. |
Omgeo LLC |
Brown Brothers
Harriman |
Omgeo
TradeSuite |
Capital Confirmation,
Inc. |
Open Finance,
LLC |
Charles River |
Pershing Prime
Services |
Charles River
Development |
Pricing
Direct |
Charles River Systems,
Inc. |
Quantitative Service
Group |
Charles River Trading
System |
Risk Metrics |
Citco Fund
Services |
RR Donnelley and
Sons |
CitiDirect
(FSR) |
Russell Investments
Implementation Services, LLC |
Citigroup Global Transaction
Services |
Security APL |
Confluence
Technologies |
SEI Global Services,
Inc. |
Copal Partners (UK)
Limited |
SS&C
Technologies |
Cortland Capital Market
Services LLC |
State Street Bank &
Trust |
Eagle Investment Systems
Corp. |
SunGard/Protogent
PTA |
Electra Information
Systems |
Super
Derivatives |
Electra Securities &
Reconciliation System |
Syntel Inc. |
Eze Castle |
TriOptima |
Eze Software
Group |
Varden Technologies
Inc |
FactSet |
Vermillion
Software |
FactSet Research Systems
Inc. |
Viteos Fund
Services |
Financial Recovery Technologies
(FRT) |
West Hedge |
Financial Tracking Technologies
LLC |
Wilshire
Atlas |
FIS Global Asset
Management |
Wolters
Kluwer |
Global Link -
GTSS |
Yield Book |
Global Trading
Analytics |
Fund |
Percent
of
Ownership |
Shareholder
Name and Address |
Jurisdiction
Under
Which
Control
Person
is
Organized
(when
control
person is
a
company) |
Parent of
Control
Person (when
control
Person is a
company) |
CALIFORNIA
MUNICIPAL |
26.10% |
J. P. MORGAN SECURITIES
LLC |
NEW YORK |
JPMORGAN
CHASE |
FBO EXCLUSIVE BENEFIT OF OUR
CUST |
& CO. | |||
4 CHASE METROTECH
CTR |
||||
BROOKLYN NY
11245-0003 |
||||
DIVERSIFIED |
51.71% |
PRINCIPAL TRUST
COMPANY |
DELAWARE |
PRINCIPAL
HOLDING |
INTERNATIONAL |
PRINCIPAL TRUST TARGET
DATE |
COMPANY, LLC
(1) | ||
COLLECTIVE INVESTMENT
FUNDS |
||||
1013 CENTRE RD STE
300 |
||||
WILMINGTON DE
19805-1265 |
||||
EQUITY INCOME |
26.81% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
DELAWARE |
PRINCIPAL
HOLDING |
FBO PRINCIPAL FINANCIAL
GROUP |
COMPANY, LLC
(1) | |||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
FINISTERRE |
40.01% |
PERSHING LLC |
NEW YORK |
THE BANK OF |
UNCONSTRAINED |
1 PERSHING PLZ |
NEW YORK
MELLON | ||
EMERGING
MARKETS |
JERSEY CITY NJ
07399-0001 |
|||
BOND |
||||
HIGH YIELD I |
34.45% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
IOWA |
PRINCIPAL
FINANCIAL |
FBO PRINCIPAL FINANCIAL
GROUP |
SERVICES, INC.
(1) | |||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
HIGH YIELD I |
28.67% |
PRINCIPAL TRUST
COMPANY |
DELAWARE |
PRINCIPAL
HOLDING |
PRINCIPAL TRUST TARGET
DATE |
COMPANY, LLC
(1) | |||
COLLECTIVE INVESTMENT
FUNDS |
||||
1013 CENTRE RD STE
300 |
||||
WILMINGTON DE
19805-1265 |
||||
INFLATION
PROTECTION |
32.77% |
PRINCIPAL TRUST
COMPANY |
DELAWARE |
PRINCIPAL
HOLDING |
PRINCIPAL TRUST TARGET
DATE |
COMPANY, LLC
(1) | |||
COLLECTIVE INVESTMENT
FUNDS |
||||
1013 CENTRE RD STE
300 |
||||
WILMINGTON DE
19805-1265 |
||||
Fund |
Percent
of
Ownership |
Shareholder
Name and Address |
Jurisdiction
Under
Which
Control
Person
is
Organized
(when
control
person is
a
company) |
Parent of
Control
Person (when
control
Person is a
company) |
INTERNATIONAL I |
67.19% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
IOWA |
PRINCIPAL
FINANCIAL |
FBO PRINCIPAL FINANCIAL
GROUP |
SERVICES, INC.
(1) | |||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
LARGECAP GROWTH
I |
38.13% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
IOWA |
PRINCIPAL
FINANCIAL |
FBO PRINCIPAL FINANCIAL
GROUP |
SERVICES, INC.
(1) | |||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
LARGECAP GROWTH
II |
87.60% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
IOWA |
PRINCIPAL
FINANCIAL |
FBO PRINCIPAL FINANCIAL
GROUP |
SERVICES, INC.
(1) | |||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
MIDCAP GROWTH |
27.52% |
DCGT AS TTEE AND/OR
CUST |
DELAWARE |
PRINCIPAL
HOLDING |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS |
COMPANY, LLC
(1) | |||
ATTN NPIO TRADE
DESK |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
MIDCAP GROWTH
III |
34.87% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
IOWA |
PRINCIPAL
FINANCIAL |
FBO PRINCIPAL FINANCIAL
GROUP |
SERVICES, INC.
(1) | |||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
MIDCAP S&P 400
INDEX |
34.18% |
DCGT AS TTEE AND/OR
CUST |
DELAWARE |
PRINCIPAL
HOLDING |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS |
COMPANY, LLC
(1) | |||
ATTN NPIO TRADE
DESK |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
MIDCAP VALUE I |
71.72% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
IOWA |
PRINCIPAL
FINANCIAL |
FBO PRINCIPAL FINANCIAL
GROUP |
SERVICES, INC.
(1) | |||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
MONEY MARKET |
28.20% |
PERSHING LLC |
NEW YORK |
THE BANK OF |
1 PERSHING PLZ |
NEW YORK
MELLON | |||
JERSEY CITY NJ
07399-0001 |
||||
Fund |
Percent
of
Ownership |
Shareholder
Name and Address |
Jurisdiction
Under
Which
Control
Person
is
Organized
(when
control
person is
a
company) |
Parent of
Control
Person (when
control
Person is a
company) |
PRINCIPAL
LIFETIME |
62.00% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
IOWA |
PRINCIPAL
FINANCIAL |
STRATEGIC
INCOME |
FBO PRINCIPAL FINANCIAL
GROUP |
SERVICES, INC.
(1) | ||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL LIFETIME 2010
|
49.79% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
IOWA |
PRINCIPAL
FINANCIAL |
FBO PRINCIPAL FINANCIAL
GROUP |
SERVICES, INC.
(1) | |||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL LIFETIME
2015 |
54.95% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
IOWA |
PRINCIPAL
FINANCIAL |
FBO PRINCIPAL FINANCIAL
GROUP |
SERVICES, INC.
(1) | |||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL LIFETIME
2015 |
40.70% |
DCGT AS TTEE AND/OR
CUST |
DELAWARE |
PRINCIPAL
HOLDING |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS |
COMPANY, LLC
(1) | |||
ATTN NPIO TRADE
DESK |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL LIFETIME
2020 |
54.38% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
IOWA |
PRINCIPAL
FINANCIAL |
FBO PRINCIPAL FINANCIAL
GROUP |
SERVICES, INC.
(1) | |||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL LIFETIME
2025 |
58.25% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
DELAWARE |
PRINCIPAL
HOLDING |
FBO PRINCIPAL FINANCIAL
GROUP |
COMPANY, LLC
(1) | |||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL LIFETIME
2025 |
36.51% |
DCGT AS TTEE AND/OR
CUST |
DELAWARE |
PRINCIPAL
HOLDING |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS |
COMPANY, LLC
(1) | |||
ATTN NPIO TRADE
DESK |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
Fund |
Percent
of
Ownership |
Shareholder
Name and Address |
Jurisdiction
Under
Which
Control
Person
is
Organized
(when
control
person is
a
company) |
Parent of
Control
Person (when
control
Person is a
company) |
PRINCIPAL LIFETIME
2030 |
56.74% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
IOWA |
PRINCIPAL
FINANCIAL |
FBO PRINCIPAL FINANCIAL
GROUP |
SERVICES, INC.
(1) | |||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL LIFETIME
2035 |
59.78% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
IOWA |
PRINCIPAL
FINANCIAL |
FBO PRINCIPAL FINANCIAL
GROUP |
SERVICES, INC.
(1) | |||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL LIFETIME
2035 |
34.97% |
DELAWARE CHARTER GUAR &
TRUST CO |
DELAWARE |
PRINCIPAL
HOLDING |
D/B/A PRINCIPAL TRUST
COMPANY |
COMPANY, LLC
(1) | |||
INDEPENDENT
PHARMACISTS/RALEY'S |
||||
RETIREE HEALTHCARE
PLAN |
||||
1013 CENTRE RD |
||||
WILMINGTON DE
19805-1265 |
||||
PRINCIPAL LIFETIME
2040 |
56.76% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
IOWA |
PRINCIPAL
FINANCIAL |
FBO PRINCIPAL FINANCIAL
GROUP |
SERVICES, INC.
(1) | |||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL LIFETIME
2045 |
56.77% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
IOWA |
PRINCIPAL
FINANCIAL |
FBO PRINCIPAL FINANCIAL
GROUP |
SERVICES, INC.
(1) | |||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL LIFETIME
2045 |
38.03% |
DCGT AS TTEE AND/OR
CUST |
DELAWARE |
PRINCIPAL
HOLDING |
FBO PLIC VARIOUS RETIREMENT
PLANS |
COMPANY, LLC
(1) | |||
OMNIBUS |
||||
ATTN NPIO TRADE
DESK |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL LIFETIME
2050 |
61.21% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
IOWA |
PRINCIPAL
FINANCIAL |
FBO PRINCIPAL FINANCIAL
GROUP |
SERVICES, INC.
(1) | |||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
Fund |
Percent
of
Ownership |
Shareholder
Name and Address |
Jurisdiction
Under
Which
Control
Person
is
Organized
(when
control
person is
a
company) |
Parent of
Control
Person (when
control
Person is a
company) |
PRINCIPAL LIFETIME
2055 |
61.34% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
IOWA |
PRINCIPAL
FINANCIAL |
FBO PRINCIPAL FINANCIAL
GROUP |
SERVICES, INC.
(1) | |||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL LIFETIME
2055 |
34.28% |
DCGT AS TTEE AND/OR
CUST |
DELAWARE |
PRINCIPAL
HOLDING |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS |
COMPANY, LLC
(1) | |||
ATTN NPIO TRADE
DESK |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL LIFETIME
2060 |
73.24% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
IOWA |
PRINCIPAL
FINANCIAL |
FBO PRINCIPAL FINANCIAL
GROUP |
SERVICES, INC.
(1) | |||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL
LIFETIME |
74.28% |
DCGT AS TTEE AND/OR
CUST |
DELAWARE |
PRINCIPAL
HOLDING |
HYBRID INCOME |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS |
COMPANY, LLC
(1) | ||
ATTN NPIO TRADE
DESK |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL
LIFETIME |
81.81% |
DCGT AS TTEE AND/OR
CUST |
DELAWARE |
PRINCIPAL
HOLDING |
HYBRID 2015 |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS |
COMPANY, LLC
(1) | ||
ATTN NPIO TRADE
DESK |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL
LIFETIME |
75.26% |
DCGT AS TTEE AND/OR
CUST |
DELAWARE |
PRINCIPAL
HOLDING |
HYBRID 2020 |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS |
COMPANY, LLC
(1) | ||
ATTN NPIO TRADE
DESK |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL
LIFETIME |
71.86% |
DCGT AS TTEE AND/OR
CUST |
DELAWARE |
PRINCIPAL
HOLDING |
HYBRID 2025 |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS |
COMPANY, LLC
(1) | ||
ATTN NPIO TRADE
DESK |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL
LIFETIME |
79.96% |
DCGT AS TTEE AND/OR
CUST |
DELAWARE |
PRINCIPAL
HOLDING |
HYBRID 2030 |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS |
COMPANY, LLC
(1) | ||
ATTN NPIO TRADE
DESK |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
Fund |
Percent
of
Ownership |
Shareholder
Name and Address |
Jurisdiction
Under
Which
Control
Person
is
Organized
(when
control
person is
a
company) |
Parent of
Control
Person (when
control
Person is a
company) |
PRINCIPAL
LIFETIME |
65.40% |
DCGT AS TTEE AND/OR
CUST |
DELAWARE |
PRINCIPAL
HOLDING |
HYBRID 2035 |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS |
COMPANY, LLC
(1) | ||
ATTN NPIO TRADE
DESK |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL
LIFETIME |
68.67% |
DCGT AS TTEE AND/OR
CUST |
DELAWARE |
PRINCIPAL
HOLDING |
HYBRID 2040 |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS |
COMPANY, LLC
(1) | ||
ATTN NPIO TRADE
DESK |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL
LIFETIME |
73.39% |
DCGT AS TTEE AND/OR
CUST |
DELAWARE |
PRINCIPAL
HOLDING |
HYBRID 2045 |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS |
COMPANY, LLC
(1) | ||
ATTN NPIO TRADE
DESK |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL
LIFETIME |
82.92% |
DCGT AS TTEE AND/OR
CUST |
DELAWARE |
PRINCIPAL
HOLDING |
HYBRID 2050 |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS |
COMPANY, LLC
(1) | ||
ATTN NPIO TRADE
DESK |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL
LIFETIME |
85.71% |
DCGT AS TTEE AND/OR
CUST |
DELAWARE |
PRINCIPAL
HOLDING |
HYBRID 2055 |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS |
COMPANY, LLC
(1) | ||
ATTN NPIO TRADE
DESK |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
PRINCIPAL
LIFETIME |
90.96% |
DCGT AS TTEE AND/OR
CUST |
DELAWARE |
PRINCIPAL
HOLDING |
HYBRID 2060 |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS |
COMPANY, LLC
(1) | ||
ATTN NPIO TRADE
DESK |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
SMALLCAP GROWTH
I |
52.41% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
IOWA |
PRINCIPAL
FINANCIAL |
FBO PRINCIPAL FINANCIAL
GROUP |
SERVICES, INC.
(1) | |||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
SMALLCAP S&P 600
|
33.72% |
DCGT AS TTEE AND/OR
CUST |
DELAWARE |
PRINCIPAL
HOLDING |
INDEX |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS |
COMPANY, LLC
(1) | ||
ATTN NPIO TRADE
DESK |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
Fund |
Percent
of
Ownership |
Shareholder
Name and Address |
Jurisdiction
Under
Which
Control
Person
is
Organized
(when
control
person is
a
company) |
Parent of
Control
Person (when
control
Person is a
company) |
SMALLCAP VALUE
II |
42.37% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
IOWA |
PRINCIPAL
FINANCIAL |
FBO PRINCIPAL FINANCIAL
GROUP |
SERVICES, INC.
(1) | |||
OMNIBUS WRAPPED |
||||
ATTN INDIVIDUAL LIFE
ACCOUNTING |
||||
711 HIGH ST |
||||
DES MOINES IA
50392-0001 |
||||
(1) Principal Financial Group,
Inc. is the parent of control for Principal Financial Services, Inc.;
Principal Financial Services, Inc. is the parent of control for Principal
Life Insurance Company and Principal Global Investors, LLC; Principal Life
Insurance Company is the parent of control for Principal Holding Company,
LLC. |
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
CALIFORNIA MUNICIPAL
(A) |
32.85% |
J. P. MORGAN SECURITIES
LLC |
FBO EXCLUSIVE BENEFIT OF OUR
CUST | ||
4 CHASE METROTECH
CTR | ||
BROOKLYN NY
11245-0003 | ||
CALIFORNIA MUNICIPAL
(A) |
15.31% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
CALIFORNIA MUNICIPAL
(A) |
10.32% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR THE EXCL BENE OF OUR
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
CALIFORNIA MUNICIPAL
(A) |
9.14% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
CALIFORNIA MUNICIPAL
(A) |
7.08% |
UBS WM USA |
0O0 11011
6100 | ||
OMNI ACCOUNT
M/F | ||
SPEC CDY A/C EBOC
UBSFSI | ||
1000 HARBOR
BLVD | ||
WEEHAWKEN NJ
07086-6761 | ||
CALIFORNIA MUNICIPAL
(A) |
5.33% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR
EAST | ||
BUILDING ONE, 2ND
FLOOR | ||
JACKSONVILLE FL
32246-6484 | ||
CALIFORNIA MUNICIPAL
(C) |
24.18% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
CALIFORNIA MUNICIPAL
(C) |
20.86% |
J. P. MORGAN SECURITIES
LLC |
FBO EXCLUSIVE BENEFIT OF OUR
CUST | ||
4 CHASE METROTECH
CTR | ||
BROOKLYN NY
11245-0003 | ||
CALIFORNIA MUNICIPAL
(C) |
10.93% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
CALIFORNIA MUNICIPAL
(C) |
8.09% |
UBS WM USA |
0O0 11011
6100 | ||
OMNI ACCOUNT
M/F | ||
SPEC CDY A/C EBOC
UBSFSI | ||
1000 HARBOR
BLVD | ||
WEEHAWKEN NJ
07086-6761 | ||
CALIFORNIA MUNICIPAL
(C) |
7.86% |
LPL
FINANCIAL |
OMNIBUS CUSTOMER
ACCOUNT | ||
ATTN MUTUAL FUND
TRADING | ||
4707 EXECUTIVE
DR | ||
SAN DIEGO CA
92121-3091 | ||
CALIFORNIA MUNICIPAL
(C) |
7.60% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
CALIFORNIA MUNICIPAL
(C) |
5.96% |
MORGAN STANLEY SMITH
BARNEY |
HARBOR FINANCIAL
CENTER | ||
PLAZA 2 3RD
FLOOR | ||
JERSEY CITY NJ
07311 | ||
CALIFORNIA MUNICIPAL
(I) |
29.50% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
2 | ||
JACKSONVILLE FL
32246-6484 | ||
CALIFORNIA MUNICIPAL
(I) |
20.45% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
CALIFORNIA MUNICIPAL
(I) |
10.51% |
UBS WM USA |
0O0 11011
6100 | ||
OMNI ACCOUNT
M/F | ||
SPEC CDY A/C EBOC
UBSFSI | ||
1000 HARBOR
BLVD | ||
WEEHAWKEN NJ
07086-6761 | ||
CALIFORNIA MUNICIPAL
(I) |
9.99% |
TD AMERITRADE INC FOR
THE |
EXCLUSIVE BENEFIT OF OUR
CLIENTS | ||
PO BOX 2226 | ||
OMAHA NE
68103-2226 | ||
CALIFORNIA MUNICIPAL
(I) |
6.32% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
CALIFORNIA MUNICIPAL
(I) |
5.98% |
LPL
FINANCIAL |
OMNIBUS CUSTOMER
ACCOUNT | ||
ATTN MUTUAL FUND
TRADING | ||
4707 EXECUTIVE
DR | ||
SAN DIEGO CA
92121-3091 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
CORE PLUS BOND
(A) |
6.80% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
CORE PLUS BOND
(C) |
24.49% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
CORE PLUS BOND
(C) |
5.88% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
CORE PLUS BOND
(C) |
5.65% |
PRINCIPAL LIFE INSURANCE CO
CUST |
IRA IN TAIK
LEE | ||
2920 E SHERIDAN
AVE | ||
DES MOINES IA
50317-3747 | ||
CORE PLUS BOND
(C) |
5.05% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
CORE PLUS BOND
(I) |
26.96% |
LIFETIME 2020
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
CORE PLUS BOND
(I) |
23.12% |
LIFETIME 2030
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
CORE PLUS BOND
(I) |
11.77% |
LIFETIME 2040
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
CORE PLUS BOND
(I) |
7.67% |
LIFETIME 2025
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
CORE PLUS BOND
(I) |
5.72% |
LIFETIME 2010
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
CORE PLUS BOND
(R1) |
98.49% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
CORE PLUS BOND
(R2) |
97.42% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
CORE PLUS BOND
(R3) |
83.90% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
CORE PLUS BOND
(R4) |
91.03% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
CORE PLUS BOND
(R5) |
88.04% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 |
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
DIVERSIFIED INTERNATIONAL
(A) |
7.08% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
DIVERSIFIED INTERNATIONAL
(C) |
19.64% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
DIVERSIFIED INTERNATIONAL
(I) |
54.50% |
PRINCIPAL TRUST
COMPANY |
PRINCIPAL TRUST TARGET
DATE | ||
COLLECTIVE INVESTMENT
FUNDS | ||
1013 CENTRE RD STE
300 | ||
WILMINGTON DE
19805-1265 | ||
DIVERSIFIED INTERNATIONAL
(I) |
5.57% |
LIFETIME 2030
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
DIVERSIFIED INTERNATIONAL
(I) |
5.25% |
SAM BALANCED PORTFOLIO
PIF |
ATTN MUTUAL FUND ACCOUNTING
-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
DIVERSIFIED INTERNATIONAL
(I) |
5.12% |
SAM CONS GROWTH PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
DIVERSIFIED INTERNATIONAL
(R1) |
97.34% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
DIVERSIFIED INTERNATIONAL
(R2) |
83.37% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
DIVERSIFIED INTERNATIONAL
(R2) |
6.38% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
DIVERSIFIED INTERNATIONAL
(R3) |
85.44% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
DIVERSIFIED INTERNATIONAL
(R4) |
70.30% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
DIVERSIFIED INTERNATIONAL
(R4) |
13.34% |
PIMS/PRUDENTIAL
RETIREMENT |
AS NOMINEE FOR THE TTEE/CUST PL
006 | ||
INTERIOR SPECIALISTS
INC | ||
1630 FARADAY
AVE | ||
CARLSBAD CA
92008-7313 | ||
DIVERSIFIED INTERNATIONAL
(R5) |
89.04% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
EQUITY INCOME
(A) |
21.75% |
J. P. MORGAN SECURITIES
LLC |
FBO EXCLUSIVE BENEFIT OF OUR
CUST | ||
4 CHASE METROTECH
CTR | ||
BROOKLYN NY
11245-0003 | ||
EQUITY INCOME
(A) |
14.36% |
CHARLES SCHWAB & CO
INC |
SPECIAL CUSTODY A/C FOR
THE | ||
BENEFIT OF
CUSTOMERS | ||
ATTN MUTUAL
FUNDS | ||
101 MONTGOMERY
ST | ||
SAN FRANCISCO CA
94104-4151 | ||
EQUITY INCOME
(A) |
10.73% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
EQUITY INCOME
(C) |
15.17% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
EQUITY INCOME
(C) |
13.21% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
EQUITY INCOME
(C) |
9.93% |
MORGAN STANLEY SMITH
BARNEY |
HARBOR FINANCIAL
CENTER | ||
PLAZA 2 3RD
FLOOR | ||
JERSEY CITY NJ
07311 | ||
EQUITY INCOME
(C) |
7.10% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR THE EXCL BENE OF OUR
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
EQUITY INCOME
(C) |
6.96% |
RAYMOND
JAMES |
OMNIBUS FOR MUTUAL
FUNDS | ||
HOUSE ACCT FIRM
92500015 | ||
ATTN: COURTNEY
WALLER | ||
880 CARILLON
PKWY | ||
ST PETERSBURG FL
33716-1102 | ||
EQUITY INCOME
(C) |
5.55% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR EAST 3RD
FL | ||
JACKSONVILLE FL
32246-6484 | ||
EQUITY INCOME
(I) |
34.56% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
EQUITY INCOME
(I) |
11.17% |
SAM BALANCED PORTFOLIO
PIF |
ATTN MUTUAL FUND ACCOUNTING
-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
EQUITY INCOME
(I) |
6.36% |
SAM CONS GROWTH PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
EQUITY INCOME
(I) |
5.57% |
SAM FLEXIBLE INCOME PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
EQUITY INCOME
(R1) |
71.95% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
EQUITY INCOME
(R1) |
25.55% |
STIFEL NICOLAUS & CO
INC |
EXCLUSIVE BENEFIT OF
CUSTOMERS | ||
501 N
BROADWAY | ||
SAINT LOUIS MO
63102-2188 | ||
EQUITY INCOME
(R2) |
63.12% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
EQUITY INCOME
(R2) |
34.17% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
EQUITY INCOME
(R3) |
84.64% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
EQUITY INCOME
(R3) |
6.80% |
FIIOC |
FBO ISIS PHARMACEUTICALS 401K
PLAN | ||
100 MAGELLAN WAY
(KWIC) | ||
COVINGTON KY
41015-1987 | ||
EQUITY INCOME
(R4) |
90.02% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
EQUITY INCOME
(R5) |
93.34% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 |
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
FINISTERRE UNCONSTR EMERG MKTS
BD (A) |
54.64% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
FINISTERRE UNCONSTR EMERG MKTS
BD (A) |
14.55% |
PRINCIPAL LIFE INSURANCE CO
CUST |
SIMPLE IRA
OF | ||
T JEFFREY
PRZYBYLA | ||
15506 BEECHAM
DR | ||
HOUSTON TX
77068-2121 | ||
FINISTERRE UNCONSTR EMERG MKTS
BD (A) |
12.96% |
PRINCIPAL LIFE INSURANCE CO
CUST |
SIMPLE IRA
OF | ||
SAUNDRA L
PRZYBYLA | ||
15506 BEECHAM
DR | ||
HOUSTON TX
77068-2121 | ||
FINISTERRE UNCONSTR EMERG MKTS
BD (I) |
34.25% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
FINISTERRE UNCONSTR EMERG MKTS
BD (I) |
5.37% |
RAYMOND JAMES & ASSOC
INC |
FBO TIMOTHY E SOLT
& | ||
KAREN L SOLT
JT/WROS | ||
10804 WICKLOW BROOK
CT | ||
CHARLOTTE NC
28277-9673 | ||
GLOBAL DIVERSIFIED INCOME
(A) |
17.35% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
GLOBAL DIVERSIFIED INCOME
(A) |
12.63% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
GLOBAL DIVERSIFIED INCOME
(A) |
12.23% |
MORGAN STANLEY SMITH
BARNEY |
HARBOR FINANCIAL
CENTER | ||
PLAZA 2 3RD
FLOOR | ||
JERSEY CITY NJ
07311 | ||
GLOBAL DIVERSIFIED INCOME
(A) |
8.56% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR THE EXCL BENE OF OUR
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
GLOBAL DIVERSIFIED INCOME
(A) |
7.51% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
GLOBAL DIVERSIFIED INCOME
(A) |
5.60% |
UBS WM USA |
0O0 11011
6100 | ||
OMNI ACCOUNT
M/F | ||
SPEC CDY A/C EBOC
UBSFSI | ||
1000 HARBOR
BLVD | ||
WEEHAWKEN NJ
07086-6761 | ||
GLOBAL DIVERSIFIED INCOME
(C) |
21.50% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
GLOBAL DIVERSIFIED INCOME
(C) |
15.28% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
GLOBAL DIVERSIFIED INCOME
(C) |
13.13% |
MORGAN STANLEY SMITH
BARNEY |
HARBOR FINANCIAL
CENTER | ||
PLAZA 2 3RD
FLOOR | ||
JERSEY CITY NJ
07311 | ||
GLOBAL DIVERSIFIED INCOME
(C) |
9.09% |
RAYMOND
JAMES |
OMNIBUS FOR MUTUAL
FUNDS | ||
HOUSE ACCT FIRM
92500015 | ||
ATTN: COURTNEY
WALLER | ||
880 CARILLON
PKWY | ||
ST PETERSBURG FL
33716-1102 | ||
GLOBAL DIVERSIFIED INCOME
(C) |
8.15% |
UBS WM USA |
0O0 11011
6100 | ||
OMNI ACCOUNT
M/F | ||
SPEC CDY A/C EBOC
UBSFSI | ||
1000 HARBOR
BLVD | ||
WEEHAWKEN NJ
07086-6761 | ||
GLOBAL DIVERSIFIED INCOME
(C) |
7.79% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
GLOBAL DIVERSIFIED INCOME
(C) |
5.28% |
CHARLES SCHWAB & CO
INC |
SPECIAL CUSTODY
ACCT | ||
FBO
CUSTOMERS | ||
ATTN MUTUAL
FUNDS | ||
101 MONTGOMERY
ST | ||
SAN FRANCISCO CA
94104-4151 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
GLOBAL DIVERSIFIED INCOME
(I) |
24.03% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
GLOBAL DIVERSIFIED INCOME
(I) |
15.65% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
GLOBAL DIVERSIFIED INCOME
(I) |
10.91% |
MORGAN STANLEY SMITH
BARNEY |
HARBOR FINANCIAL
CENTER | ||
PLAZA 2 3RD
FLOOR | ||
JERSEY CITY NJ
07311 | ||
GLOBAL DIVERSIFIED INCOME
(I) |
9.73% |
UBS WM USA |
0O0 11011
6100 | ||
OMNI ACCOUNT
M/F | ||
SPEC CDY A/C EBOC
UBSFSI | ||
1000 HARBOR
BLVD | ||
WEEHAWKEN NJ
07086-6761 | ||
GLOBAL DIVERSIFIED INCOME
(I) |
6.05% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
GLOBAL DIVERSIFIED INCOME
(I) |
5.98% |
LPL
FINANCIAL |
OMNIBUS CUSTOMER
ACCOUNT | ||
ATTN MUTUAL FUND
TRADING | ||
4707 EXECUTIVE
DR | ||
SAN DIEGO CA
92121-3091 | ||
GLOBAL DIVERSIFIED INCOME
(I) |
5.86% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF
OUR | ||
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
GLOBAL DIVERSIFIED INCOME
(I) |
5.69% |
RAYMOND
JAMES |
OMNIBUS FOR MUTUAL
FUNDS | ||
HOUSE ACCT FIRM
92500015 | ||
ATTN: COURTNEY
WALLER | ||
880 CARILLON
PKWY | ||
ST PETERSBURG FL
33716-1102 | ||
GLOBAL DIVERSIFIED INCOME
(I) |
5.00% |
CHARLES SCHWAB & CO
INC |
SPECIAL CUSTODY A/C FOR
THE | ||
BENEFIT OF
CUSTOMERS | ||
ATTN MUTUAL
FUNDS | ||
101 MONTGOMERY
ST | ||
SAN FRANCISCO CA
94104-4151 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
GLOBAL DIVERSIFIED INCOME
(R6) |
45.05% |
PRINCIPAL TRUST
COMPANY |
PRINCIPAL TRUST TARGET
DATE | ||
COLLECTIVE INVESTMENT
FUNDS | ||
1013 CENTRE RD STE
300 | ||
WILMINGTON DE
19805-1265 | ||
GLOBAL DIVERSIFIED INCOME
(R6) |
16.54% |
LIFETIME 2020
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
GLOBAL DIVERSIFIED INCOME
(R6) |
13.34% |
LIFETIME 2030
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
GLOBAL DIVERSIFIED INCOME
(R6) |
5.94% |
SAM FLEXIBLE INCOME PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
GLOBAL DIVERSIFIED INCOME
(T) |
100.00% |
PRINCIPAL GLOBAL INVESTORS
LLC |
ATTN SEAN CLINES
801-9A08 | ||
801 GRAND
AVE | ||
DES MOINES IA
50309-8000 |
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
GLOBAL REAL ESTATE SECURITIES
(A) |
42.95% |
CHARLES SCHWAB & CO
INC |
SPECIAL CUSTODY A/C FBO
CUSTOMERS | ||
ATTN MUTUAL
FUNDS | ||
101 MONTGOMERY
STREET | ||
SAN FRANCISCO CA
94104-4151 | ||
GLOBAL REAL ESTATE SECURITIES
(A) |
11.02% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
GLOBAL REAL ESTATE SECURITIES
(A) |
8.84% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
GLOBAL REAL ESTATE SECURITIES
(A) |
7.52% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR THE EXCL BENE OF OUR
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
GLOBAL REAL ESTATE SECURITIES
(C) |
34.12% |
RAYMOND
JAMES |
OMNIBUS FOR MUTUAL
FUNDS | ||
HOUSE ACCT FIRM
92500015 | ||
ATTN: COURTNEY
WALLER | ||
880 CARILLON
PKWY | ||
ST PETERSBURG FL
33716-1102 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
GLOBAL REAL ESTATE SECURITIES
(C) |
13.16% |
MORGAN STANLEY SMITH
BARNEY |
HARBOR FINANCIAL
CENTER | ||
PLAZA 2 3RD
FLOOR | ||
JERSEY CITY NJ
07311 | ||
GLOBAL REAL ESTATE SECURITIES
(C) |
12.15% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
GLOBAL REAL ESTATE SECURITIES
(C) |
11.46% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
GLOBAL REAL ESTATE SECURITIES
(I) |
15.87% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF
OUR | ||
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
GLOBAL REAL ESTATE SECURITIES
(I) |
13.94% |
CHARLES SCHWAB & CO
INC |
ATTN MUTUAL FUND
OPS | ||
101 MONTGOMERY
ST | ||
SAN FRANCISCO CA
94104-4151 | ||
GLOBAL REAL ESTATE SECURITIES
(I) |
11.05% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
GLOBAL REAL ESTATE SECURITIES
(I) |
7.79% |
BAND & CO C/O US BANK
NA |
1555 N RIVERCENTER DR STE
302 | ||
MILWAUKEE WI
53212-3958 | ||
GLOBAL REAL ESTATE SECURITIES
(I) |
7.18% |
RAYMOND
JAMES |
OMNIBUS FOR MUTUAL
FUNDS | ||
HOUSE ACCT FIRM
92500015 | ||
ATTN: COURTNEY
WALLER | ||
880 CARILLON
PKWY | ||
ST PETERSBURG FL
33716-1102 | ||
GLOBAL REAL ESTATE SECURITIES
(I) |
5.32% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
GLOBAL REAL ESTATE SECURITIES
(R3) |
91.16% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
GLOBAL REAL ESTATE SECURITIES
(R3) |
5.86% |
MATRIX TRUST COMPANY CUST
FBO |
CANANDAIGUA CITY SD NY
403B | ||
717 17TH ST STE
1300 | ||
DENVER CO
80202-3304 | ||
GLOBAL REAL ESTATE SECURITIES
(R4) |
44.18% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
GLOBAL REAL ESTATE SECURITIES
(R4) |
35.32% |
PRINCIPAL TRUST
COMPANY |
FBO INMOWI INC DEFINED
BENEFIT | ||
PENSION PLAN | ||
2 SYCAMORE | ||
NEWPORT COAST CA
92657-1633 | ||
GLOBAL REAL ESTATE SECURITIES
(R4) |
20.49% |
PRINCIPAL GLOBAL INVESTORS
LLC |
ATTN SEAN CLINES
801-9A08 | ||
801 GRAND
AVE | ||
DES MOINES IA
50309-8000 | ||
GLOBAL REAL ESTATE SECURITIES
(R5) |
100.00% |
PRINCIPAL GLOBAL INVESTORS
LLC |
ATTN SEAN CLINES
801-9A08 | ||
801 GRAND
AVE | ||
DES MOINES IA
50309-8000 | ||
GLOBAL REAL ESTATE SECURITIES
(R6) |
27.02% |
SAM BALANCED PORTFOLIO
PIF |
ATTN MUTUAL FUND ACCOUNTING
-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
GLOBAL REAL ESTATE SECURITIES
(R6) |
19.75% |
SAM FLEXIBLE INCOME PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
GLOBAL REAL ESTATE SECURITIES
(R6) |
17.85% |
SAM STRATEGIC GROWTH PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
GLOBAL REAL ESTATE SECURITIES
(R6) |
9.26% |
PRINCIPAL LIFE INSURANCE CO
CUST |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
GLOBAL REAL ESTATE SECURITIES
(R6) |
9.19% |
SAM CONS GROWTH PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
GLOBAL REAL ESTATE SECURITIES
(R6) |
5.64% |
SAM CONS BALANCED PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
GOVERNMENT & HIGH QUALITY
BOND (A) |
19.50% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
GOVERNMENT & HIGH QUALITY
BOND (A) |
13.38% |
J. P. MORGAN SECURITIES
LLC |
FBO EXCLUSIVE BENEFIT OF OUR
CUST | ||
4 CHASE METROTECH
CTR | ||
BROOKLYN NY
11245-0003 | ||
GOVERNMENT & HIGH QUALITY
BOND (C) |
30.29% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
GOVERNMENT & HIGH QUALITY
BOND (C) |
14.40% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
GOVERNMENT & HIGH QUALITY
BOND (I) |
29.87% |
SAM FLEXIBLE INCOME PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
GOVERNMENT & HIGH QUALITY
BOND (I) |
24.97% |
SAM BALANCED PORTFOLIO
PIF |
ATTN MUTUAL FUND ACCOUNTING
-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
GOVERNMENT & HIGH QUALITY
BOND (I) |
17.11% |
SAM CONS BALANCED PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
GOVERNMENT & HIGH QUALITY
BOND (I) |
11.23% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
GOVERNMENT & HIGH QUALITY
BOND (I) |
8.86% |
SAM CONS GROWTH PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
GOVERNMENT & HIGH QUALITY
BOND (R1) |
72.71% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
GOVERNMENT & HIGH QUALITY
BOND (R1) |
16.74% |
PRINCIPAL TRUST
COMPANY |
FBO KANE HANDEL
DEFINED | ||
BENEFIT PLAN | ||
3525 DEL MAR HEIGHTS ROAD STE
231 | ||
SAN DIEGO CA
92130-2199 | ||
GOVERNMENT & HIGH QUALITY
BOND (R1) |
6.53% |
COUNSEL TRUST DBA MATC
FBO |
L A CONSULTING 401 K
PROFIT | ||
SHARING PLAN &
TRUST | ||
1251 WATERFRONT PL STE
525 | ||
PITTSBURGH PA
15222-4228 | ||
GOVERNMENT & HIGH QUALITY
BOND (R2) |
79.56% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
2 | ||
JACKSONVILLE FL
32246-6484 | ||
GOVERNMENT & HIGH QUALITY
BOND (R2) |
19.52% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
GOVERNMENT & HIGH QUALITY
BOND (R3) |
75.20% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
GOVERNMENT & HIGH QUALITY
BOND (R4) |
73.12% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
GOVERNMENT & HIGH QUALITY
BOND (R4) |
14.33% |
MATRIX AS TTEE FBO
BRANDYWINE |
REALTY TR AMD & RSTD
EXECUTIVE | ||
DEFFERED
COMPENSATION | ||
PO BOX 52129 | ||
PHOENIX AZ
85072-2129 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
GOVERNMENT & HIGH QUALITY
BOND (R5) |
68.87% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
GOVERNMENT & HIGH QUALITY
BOND (R5) |
7.98% |
NORTHWEST
ADMINISTRATORS |
FBO NQ EXCESS OF NW
ADMINISTRATORS | ||
ATTN GAYLE
BUSHNELL | ||
2323 EASTLAKE AVE
E | ||
SEATTLE WA
98102-3963 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
HIGH YIELD (A) |
15.47% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
HIGH YIELD (A) |
13.20% |
CHARLES SCHWAB & CO
INC |
SPECIAL CUSTODY A/C FOR
THE | ||
BENEFIT OF
CUSTOMERS | ||
ATTN MUTUAL
FUNDS | ||
101 MONTGOMERY
ST | ||
SAN FRANCISCO CA
94104-4151 | ||
HIGH YIELD (A) |
11.28% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR THE EXCL BENE OF OUR
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
HIGH YIELD (A) |
7.02% |
TD AMERITRADE INC FOR
THE |
EXCLUSIVE BENEFIT OF OUR
CLIENTS | ||
PO BOX 2226 | ||
OMAHA NE
68103-2226 | ||
HIGH YIELD (A) |
5.18% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
HIGH YIELD (C) |
25.43% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
HIGH YIELD (C) |
14.31% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
HIGH YIELD (C) |
7.20% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR THE EXCL BENE OF OUR
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
HIGH YIELD (C) |
6.76% |
UBS WM USA |
0O0 11011
6100 | ||
OMNI ACCOUNT
M/F | ||
SPEC CDY A/C EBOC
UBSFSI | ||
1000 HARBOR
BLVD | ||
WEEHAWKEN NJ
07086-6761 | ||
HIGH YIELD (C) |
6.39% |
MORGAN STANLEY SMITH
BARNEY |
HARBOR FINANCIAL
CENTER | ||
PLAZA 2 3RD
FLOOR | ||
JERSEY CITY NJ
07311 | ||
HIGH YIELD (C) |
6.32% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR EAST 3RD
FL | ||
JACKSONVILLE FL
32246-6484 | ||
HIGH YIELD (C) |
5.39% |
LPL
FINANCIAL |
OMNIBUS CUSTOMER
ACCOUNT | ||
ATTN MUTUAL FUND
TRADING | ||
4707 EXECUTIVE
DR | ||
SAN DIEGO CA
92121-3091 | ||
HIGH YIELD (C) |
5.29% |
RAYMOND
JAMES |
OMNIBUS FOR MUTUAL
FUNDS | ||
HOUSE ACCT FIRM
92500015 | ||
ATTN: COURTNEY
WALLER | ||
880 CARILLON
PKWY | ||
ST PETERSBURG FL
33716-1102 | ||
HIGH YIELD (I) |
28.21% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
HIGH YIELD (I) |
14.37% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
HIGH YIELD (I) |
10.53% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF
OUR | ||
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
HIGH YIELD (I) |
6.03% |
UBS WM USA |
0O0 11011
6100 | ||
OMNI ACCOUNT
M/F | ||
SPEC CDY A/C EBOC
UBSFSI | ||
1000 HARBOR
BLVD | ||
WEEHAWKEN NJ
07086-6761 | ||
HIGH YIELD (I) |
5.82% |
CHARLES SCHWAB & CO
INC |
SPECIAL CUSTODY A/C FOR
THE | ||
BENEFIT OF
CUSTOMERS | ||
ATTN MUTUAL
FUNDS | ||
101 MONTGOMERY
ST | ||
SAN FRANCISCO CA
94104-4151 | ||
HIGH YIELD (R6) |
28.69% |
SAM FLEXIBLE INCOME PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
HIGH YIELD (R6) |
16.79% |
SAM BALANCED PORTFOLIO
PIF |
ATTN MUTUAL FUND ACCOUNTING
-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
HIGH YIELD (R6) |
10.96% |
SAM CONS BALANCED PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
HIGH YIELD (R6) |
10.40% |
PRINCIPAL LIFE INSURANCE CO
CUST |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
HIGH YIELD (R6) |
8.76% |
THE PRINCIPAL TRST FOR
PST-RTRMENT |
FOR MEDICAL BENEFITS FOR
EMPLOYEES | ||
61021 | ||
ATTN STEPHANIE WATTS
711-4D79 | ||
PRINCIPAL FINANCIAL
GROUP | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
HIGH YIELD (T) |
100.00% |
PRINCIPAL GLOBAL INVESTORS
LLC |
ATTN SEAN CLINES
801-9A08 | ||
801 GRAND
AVE | ||
DES MOINES IA
50309-8000 | ||
HIGH YIELD I
(A) |
31.06% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
HIGH YIELD I
(A) |
5.36% |
J. P. MORGAN SECURITIES
LLC |
FBO EXCLUSIVE BENEFIT OF OUR
CUST | ||
4 CHASE METROTECH
CTR | ||
BROOKLYN NY
11245-0003 | ||
HIGH YIELD I
(I) |
34.63% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
HIGH YIELD I
(I) |
28.82% |
PRINCIPAL TRUST
COMPANY |
PRINCIPAL TRUST TARGET
DATE | ||
COLLECTIVE INVESTMENT
FUNDS | ||
1013 CENTRE RD STE
300 | ||
WILMINGTON DE
19805-1265 | ||
HIGH YIELD I
(I) |
10.63% |
LIFETIME 2040
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
HIGH YIELD I
(I) |
5.39% |
DCGT AS TTEE AND/OR
CUST |
FBO SANFORD CUSTOM TARGET DATE
FUND | ||
OF FUNDS SEP
ACCTS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INCOME (A) |
22.42% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
INCOME (A) |
15.15% |
J. P. MORGAN SECURITIES
LLC |
FBO EXCLUSIVE BENEFIT OF OUR
CUST | ||
4 CHASE METROTECH
CTR | ||
BROOKLYN NY
11245-0003 | ||
INCOME (C) |
24.78% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
INCOME (C) |
10.56% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
INCOME (I) |
46.34% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
INCOME (I) |
25.84% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INCOME (I) |
8.80% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF OUR
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
INCOME (R1) |
95.45% |
VOYA INSTITUTIONAL TRUST
COMPANY |
1 ORANGE WAY | ||
WINDSOR CT
06095-4773 | ||
INCOME (R2) |
66.85% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INCOME (R2) |
29.75% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
2 | ||
JACKSONVILLE FL
32246-6484 | ||
INCOME (R3) |
92.22% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INCOME (R4) |
98.97% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
INCOME (R5) |
95.14% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INCOME (R6) |
30.82% |
SAM FLEXIBLE INCOME PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INCOME (R6) |
25.36% |
SAM BALANCED PORTFOLIO
PIF |
ATTN MUTUAL FUND ACCOUNTING
-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INCOME (R6) |
21.48% |
PRINCIPAL LIFE INSURANCE CO
CUST |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INCOME (R6) |
14.56% |
SAM CONS BALANCED PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INCOME (R6) |
7.43% |
SAM CONS GROWTH PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INFLATION PROTECTION
(A) |
24.96% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
INFLATION PROTECTION
(A) |
6.08% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
INFLATION PROTECTION
(C) |
13.24% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
INFLATION PROTECTION
(C) |
6.09% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
INFLATION PROTECTION
(I) |
33.55% |
PRINCIPAL TRUST
COMPANY |
PRINCIPAL TRUST TARGET
DATE | ||
COLLECTIVE INVESTMENT
FUNDS | ||
1013 CENTRE RD STE
300 | ||
WILMINGTON DE
19805-1265 | ||
INFLATION PROTECTION
(I) |
12.16% |
LIFETIME 2020
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INFLATION PROTECTION
(I) |
11.48% |
SAM FLEXIBLE INCOME PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INFLATION PROTECTION
(I) |
8.05% |
LIFETIME 2030
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INFLATION PROTECTION
(I) |
7.11% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INFLATION PROTECTION
(R1) |
94.07% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INFLATION PROTECTION
(R2) |
60.02% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INFLATION PROTECTION
(R2) |
28.05% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
INFLATION PROTECTION
(R2) |
5.47% |
ASCENSUS TRUST COMPANY
FBO |
BEAR REPUBLIC BREWING CO INC
401 687498 | ||
PO BOX 10758 | ||
FARGO ND
58106-0758 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
INFLATION PROTECTION
(R3) |
85.05% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INFLATION PROTECTION
(R4) |
65.75% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INFLATION PROTECTION
(R4) |
11.30% |
STATE STREET BANK AND TRUST
COMPANY |
TRUSTEE AND/OR
CUSTODIAN | ||
FBO ADP ACCESS
PRODUCT | ||
1 LINCOLN ST | ||
BOSTON MA
02111-2901 | ||
INFLATION PROTECTION
(R4) |
6.55% |
MATRIX TRUST COMPANY CUST
FBO |
JANIK L L P EMPLOYEES
RETIREMENT | ||
717 17TH ST STE
1300 | ||
DENVER CO
80202-3304 | ||
INFLATION PROTECTION
(R4) |
5.63% |
PRINCIPAL TRUST
COMPANY |
FBO INSURITY INC DEF COMP
PLAN | ||
ATTN SUSAN
SAGGIONE | ||
1013 CENTRE
RD | ||
WILMINGTON DE
19805-1265 | ||
INFLATION PROTECTION
(R5) |
70.75% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INFLATION PROTECTION
(R5) |
18.84% |
COMANCHE COUNTY HOSPITAL
AUTHORITY |
FBO COMANCHE COUNTY
HOSPITAL | ||
AUTHORITY EMPLOYEE EXCESS
PLAN | ||
ATTN DONNA
WADE | ||
3401 W GORE
BLVD | ||
LAWTON OK
73505-6300 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
INTERNATIONAL EMERGING MARKETS
(A) |
16.11% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
INTERNATIONAL EMERGING MARKETS
(C) |
30.34% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
INTERNATIONAL EMERGING MARKETS
(I) |
50.16% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
INTERNATIONAL EMERGING MARKETS
(I) |
24.25% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INTERNATIONAL EMERGING MARKETS
(I) |
9.32% |
BANKERS TRUST
COMPANY |
FBO PRIN SELECT SVNG EXCESS
PLAN | ||
FOR EES | ||
ATTN MARK
HARRISON | ||
PO BOX 897 | ||
DES MOINES IA
50306-0897 | ||
INTERNATIONAL EMERGING MARKETS
(R1) |
94.49% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INTERNATIONAL EMERGING MARKETS
(R2) |
88.42% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INTERNATIONAL EMERGING MARKETS
(R3) |
80.97% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
INTERNATIONAL EMERGING MARKETS
(R4) |
75.12% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INTERNATIONAL EMERGING MARKETS
(R4) |
8.02% |
THE PHYSICIAN
NETWORK |
FBO 457B RET OF THE
PHYSICIAN | ||
NETWORK | ||
ATTN PLAN
TRUSTEE | ||
2000 Q ST STE
500 | ||
LINCOLN NE
68503-3610 | ||
INTERNATIONAL EMERGING MARKETS
(R5) |
81.47% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INTERNATIONAL EMERGING MARKETS
(R6) |
31.96% |
PRINCIPAL TRUST
COMPANY |
PRINCIPAL TRUST TARGET
DATE | ||
COLLECTIVE INVESTMENT
FUNDS | ||
1013 CENTRE RD STE
300 | ||
WILMINGTON DE
19805-1265 | ||
INTERNATIONAL EMERGING MARKETS
(R6) |
20.28% |
SAM BALANCED PORTFOLIO
PIF |
ATTN MUTUAL FUND ACCOUNTING
-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INTERNATIONAL EMERGING MARKETS
(R6) |
11.59% |
LIFETIME 2040
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INTERNATIONAL EMERGING MARKETS
(R6) |
7.77% |
LIFETIME 2030
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INTERNATIONAL EMERGING MARKETS
(R6) |
6.86% |
LIFETIME 2050
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
INTERNATIONAL EMERGING MARKETS
(R6) |
5.25% |
SAM CONS BALANCED PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INTERNATIONAL I
(A) |
34.17% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
INTERNATIONAL I
(A) |
12.59% |
RBC CAPITAL MARKETS,
LLC |
MUTUAL FUND OMNIBUS
PROCESS | ||
OMNIBUS | ||
ATTN MUTAL FUND OPS
MANAGER | ||
60 SOUTH SIXTH STREET -
P08 | ||
MINNEAPOLIS MN
55402-4413 | ||
INTERNATIONAL I
(A) |
6.96% |
MORGAN STANLEY SMITH
BARNEY |
HARBOR FINANCIAL
CENTER | ||
PLAZA 2 3RD
FLOOR | ||
JERSEY CITY NJ
07311 | ||
INTERNATIONAL I
(I) |
41.58% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
INTERNATIONAL I
(I) |
33.03% |
MORGAN STANLEY SMITH
BARNEY |
HARBOR FINANCIAL
CENTER | ||
PLAZA 2 3RD
FLOOR | ||
JERSEY CITY NJ
07311 | ||
INTERNATIONAL I
(I) |
12.68% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF
OUR | ||
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
INTERNATIONAL I
(I) |
8.42% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
INTERNATIONAL I
(R1) |
97.43% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INTERNATIONAL I
(R2) |
64.31% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INTERNATIONAL I
(R2) |
16.67% |
ASCENSUS TRUST COMPANY
FBO |
CEILING SUPPLY INC 401K PS PLAN
11197 | ||
PO BOX 10758 | ||
FARGO ND
58106-0758 | ||
INTERNATIONAL I
(R2) |
12.96% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
INTERNATIONAL I
(R3) |
84.67% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INTERNATIONAL I
(R3) |
5.76% |
WM BARR & COMPANY
INC |
FBO NQ EXCESS OF WM BARR &
COMPANY INC | ||
ATTN MARCIA
VARGAS | ||
6750 LENOX CENTER CT STE
200 | ||
MEMPHIS TN
38115-4281 | ||
INTERNATIONAL I
(R4) |
98.26% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
INTERNATIONAL I
(R5) |
86.91% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
INTERNATIONAL I
(R6) |
99.99% |
PRINCIPAL LIFE INSURANCE CO
CUST |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH
(A) |
16.00% |
J. P. MORGAN SECURITIES
LLC |
FBO EXCLUSIVE BENEFIT OF OUR
CUST | ||
4 CHASE METROTECH
CTR | ||
BROOKLYN NY
11245-0003 | ||
LARGECAP GROWTH
(C) |
16.38% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
LARGECAP GROWTH
(C) |
12.59% |
RAYMOND
JAMES |
OMNIBUS FOR MUTUAL
FUNDS | ||
HOUSE ACCT FIRM
92500015 | ||
ATTN: COURTNEY
WALLER | ||
880 CARILLON
PKWY | ||
ST PETERSBURG FL
33716-1102 | ||
LARGECAP GROWTH
(C) |
6.01% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
LARGECAP GROWTH
(I) |
26.05% |
SAM CONS GROWTH PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH
(I) |
21.63% |
SAM STRATEGIC GROWTH PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
LARGECAP GROWTH
(I) |
21.45% |
SAM BALANCED PORTFOLIO
PIF |
ATTN MUTUAL FUND ACCOUNTING
-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH
(I) |
6.70% |
SAM CONS BALANCED PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH
(I) |
6.30% |
SAM FLEXIBLE INCOME PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH
(R1) |
98.03% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH
(R2) |
89.10% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH
(R2) |
10.89% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
LARGECAP GROWTH
(R3) |
93.08% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH
(R4) |
83.78% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
LARGECAP GROWTH
(R4) |
9.87% |
MATRIX AS TTEE FBO
BRANDYWINE |
REALTY TR AMD & RSTD
EXECUTIVE | ||
DEFFERED
COMPENSATION | ||
PO BOX 52129 | ||
PHOENIX AZ
85072-2129 | ||
LARGECAP GROWTH
(R5) |
95.43% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH I
(A) |
33.06% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
LARGECAP GROWTH I
(I) |
61.44% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF
OUR | ||
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
LARGECAP GROWTH I
(I) |
19.35% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH I
(R1) |
87.10% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH I
(R1) |
7.85% |
FIIOC |
FBO TOM BELL GROUP
401K | ||
RETIREMENT
PLAN | ||
100 MAGELLAN
WAY | ||
COVINGTON KY
41015-1987 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
LARGECAP GROWTH I
(R2) |
95.58% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH I
(R3) |
81.10% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH I
(R3) |
5.25% |
NFS LLC FEBO |
STATE STREET BANK TRUST
CO | ||
TTEE VARIOUS RETIREMENT
PLANS | ||
440 MAMARONECK
AVE | ||
HARRISON NY
10528-2418 | ||
LARGECAP GROWTH I
(R4) |
83.16% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH I
(R4) |
5.30% |
CHARLES SCHWAB & CO
INC |
FBO CHARLES SCHWAB & CO
INC | ||
ATTN MUTUAL
FUNDS | ||
101 MONTGOMERY
ST | ||
SAN FRANCISCO CA
94104-4151 | ||
LARGECAP GROWTH I
(R5) |
77.13% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH I
(R5) |
7.22% |
NFS LLC FEBO |
STATE STREET BANK TRUST
CO | ||
TTEE VARIOUS RETIREMENT
PLANS | ||
440 MAMARONECK
AVE | ||
HARRISON NY
10528-2418 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
LARGECAP GROWTH I
(R6) |
60.82% |
PRINCIPAL LIFE INSURANCE CO
CUST |
FBO PRINCIPAL FINANCIAL GROUP
OMNIBUS WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH I
(R6) |
9.78% |
LIFETIME 2040
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH I
(R6) |
8.79% |
LIFETIME 2030
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH I
(R6) |
5.81% |
LIFETIME 2050
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH II
(I) |
96.11% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL GROUP
OMNIBUS WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH II
(R1) |
94.72% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH II
(R2) |
100.00% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH II
(R3) |
80.29% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
LARGECAP GROWTH II
(R3) |
10.61% |
PRINCIPAL TRUST
COMPANY |
FBO SSP AMERICAN DEF COMP
PLAN | ||
ATTN SUSAN
SAGGIONE | ||
1013 CENTRE
RD | ||
WILMINGTON DE
19805-1265 | ||
LARGECAP GROWTH II
(R4) |
86.31% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP GROWTH II
(R4) |
6.27% |
AMERICAN SOYBEAN
ASSOCIATION |
FBO 457B OF AMERICAN SOYBEAN
ASSN | ||
ATTN BRIAN
VAUGHT | ||
12125 WOODCREST EXECUTIVE DR;
STE 100 | ||
ST LOUIS MO
63141-5009 | ||
LARGECAP GROWTH II
(R5) |
96.98% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP S&P 500 INDEX
(A) |
11.59% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
LARGECAP S&P 500 INDEX
(C) |
30.72% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
LARGECAP S&P 500 INDEX
(C) |
10.25% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
LARGECAP S&P 500 INDEX
(C) |
6.54% |
LPL
FINANCIAL |
OMNIBUS CUSTOMER
ACCOUNT | ||
ATTN MUTUAL FUND
TRADING | ||
4707 EXECUTIVE
DR | ||
SAN DIEGO CA
92121-3091 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
LARGECAP S&P 500 INDEX
(I) |
16.78% |
LIFETIME 2030
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP S&P 500 INDEX
(I) |
15.22% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP S&P 500 INDEX
(I) |
14.48% |
LIFETIME 2040
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP S&P 500 INDEX
(I) |
10.90% |
LIFETIME 2020
FUND |
ATTN MUTUAL FUND ACCOUNTING
H-221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP S&P 500 INDEX
(I) |
8.75% |
LIFETIME 2050
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP S&P 500 INDEX
(R1) |
65.12% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP S&P 500 INDEX
(R2) |
87.50% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP S&P 500 INDEX
(R2) |
5.28% |
JOHN HANCOCK TRUST COMPANY
LLC |
690 CANTON ST STE
100 | ||
WESTWOOD MA
02090-2324 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
LARGECAP S&P 500 INDEX
(R3) |
70.44% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP S&P 500 INDEX
(R4) |
71.91% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP S&P 500 INDEX
(R5) |
82.06% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
LARGECAP VALUE
(C) |
33.47% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
LARGECAP VALUE
(I) |
20.46% |
SAM CONS GROWTH PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE
(I) |
19.08% |
SAM BALANCED PORTFOLIO
PIF |
ATTN MUTUAL FUND ACCOUNTING
-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE
(I) |
11.17% |
SAM STRATEGIC GROWTH PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE
(I) |
11.04% |
LIFETIME 2030
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
LARGECAP VALUE
(I) |
8.69% |
LIFETIME 2040
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE
(I) |
6.16% |
SAM CONS BALANCED PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE
(I) |
5.07% |
LIFETIME 2050
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE
(R1) |
96.61% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE
(R2) |
51.83% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
LARGECAP VALUE
(R2) |
48.16% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE
(R3) |
83.82% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE
(R4) |
55.96% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE
(R4) |
14.46% |
THE PHYSICIAN
NETWORK |
FBO 457B RET OF THE PHYSICIAN
NETWORK | ||
ATTN PLAN
TRUSTEE | ||
2000 Q ST STE
500 | ||
LINCOLN NE
68503-3610 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
LARGECAP VALUE
(R4) |
13.95% |
PRINCIPAL TRUST
COMPANY |
FBO DEF COMP OF LAKEVIEW
HOSP | ||
ATTN SUSAN
SAGGIONE | ||
1013 CENTRE
RD | ||
WILMINGTON DE
19805-1265 | ||
LARGECAP VALUE
(R4) |
11.81% |
NATIONWIDE TRUST COMPANY
FSB |
FBO PARTICIPATING RETIREMENT
PLANS | ||
TPA-NTC | ||
C/O IPO PORTFOLIO
ACCOUNTING | ||
PO BOX
182029 | ||
COLUMBUS OH
43218-2029 | ||
LARGECAP VALUE
(R5) |
89.00% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE
(R5) |
5.73% |
PRINCIPAL TRUST
COMPANY |
FBO DC SERP OF SANFORD
HEALTH | ||
ATTN SUSAN
SAGGIONE | ||
1013 CENTRE
RD | ||
WILMINGTON DE
19805-1265 | ||
LARGECAP VALUE III
(I) |
20.78% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL GROUP
OMNIBUS WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE III
(I) |
17.89% |
LIFETIME 2030
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE III
(I) |
17.36% |
LIFETIME 2040
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE III
(I) |
12.80% |
LIFETIME 2020
FUND |
ATTN MUTUAL FUND ACCOUNTING
H-221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE III
(I) |
10.56% |
LIFETIME 2050
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
LARGECAP VALUE III
(I) |
5.00% |
LIFETIME 2035
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE III
(R1) |
98.78% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE III
(R2) |
99.42% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE III
(R3) |
84.24% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE III
(R3) |
6.58% |
WM BARR & COMPANY
INC |
FBO NQ EXCESS OF WM BARR &
COMPANY INC | ||
ATTN MARCIA
VARGAS | ||
6750 LENOX CENTER CT STE
200 | ||
MEMPHIS TN
38115-4281 | ||
LARGECAP VALUE III
(R4) |
95.69% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE III
(R5) |
70.43% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
LARGECAP VALUE III
(R5) |
8.91% |
DELAWARE CHARTER GUAR &
TRUST CO |
FBO PRINCIPAL TRUST
COMPANY | ||
VEBA TRUST IBEW HEALTH SAVING
PLAN | ||
SOUTHWEST SCHOOL
CORPORATION | ||
1013 CENTRE
RD | ||
WILMINGTON DE
19805-1265 | ||
LARGECAP VALUE III
(R5) |
7.93% |
PRINCIPAL TRUST
COMPANY |
FBO SUPP THRIFT PLAN OF FHBL OF
PITTSBURGH | ||
ATTN SUSAN
SAGGIONE | ||
1013 CENTRE
RD | ||
WILMINGTON DE
19805-1265 |
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
MIDCAP (A) |
23.12% |
CHARLES SCHWAB & CO
INC |
SPECIAL CUSTODY ACCOUNT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMERS | ||
ATTN MUTUAL
FUNDS | ||
101 MONTGOMERY
ST | ||
SAN FRANCISCO CA
94104-4151 | ||
MIDCAP (A) |
7.85% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
MIDCAP (A) |
7.66% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR THE EXCL BENE OF OUR
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
MIDCAP (A) |
5.84% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
MIDCAP (C) |
14.78% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
MIDCAP (C) |
13.79% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
MIDCAP (C) |
12.17% |
RAYMOND
JAMES |
OMNIBUS FOR MUTUAL
FUNDS | ||
HOUSE ACCT FIRM
92500015 | ||
ATTN: COURTNEY
WALLER | ||
880 CARILLON
PKWY | ||
ST PETERSBURG FL
33716-1102 | ||
MIDCAP (C) |
9.03% |
MORGAN STANLEY SMITH
BARNEY |
HARBOR FINANCIAL
CENTER | ||
PLAZA 2 3RD
FLOOR | ||
JERSEY CITY NJ
07311 | ||
MIDCAP (C) |
8.86% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
MIDCAP (C) |
6.07% |
CHARLES SCHWAB & CO
INC |
SPECIAL CUSTODY
ACCT | ||
FBO
CUSTOMERS | ||
ATTN MUTUAL
FUNDS | ||
101 MONTGOMERY
ST | ||
SAN FRANCISCO CA
94104-4151 | ||
MIDCAP (C) |
6.01% |
STIFEL NICOLAUS & CO
INC |
EXCLUSIVE BENEFIT OF
CUSTOMERS | ||
501 N
BROADWAY | ||
SAINT LOUIS MO
63102-2188 | ||
MIDCAP (C) |
5.58% |
UBS WM USA |
0O0 11011
6100 | ||
OMNI ACCOUNT
M/F | ||
SPEC CDY A/C EBOC
UBSFSI | ||
1000 HARBOR
BLVD | ||
WEEHAWKEN NJ
07086-6761 | ||
MIDCAP (C) |
5.43% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR THE EXCL BENE OF OUR
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
MIDCAP (I) |
13.36% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
MIDCAP (I) |
11.57% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
MIDCAP (I) |
8.06% |
MORGAN STANLEY SMITH
BARNEY |
HARBOR FINANCIAL
CENTER | ||
PLAZA 2 3RD
FLOOR | ||
JERSEY CITY NJ
07311 | ||
MIDCAP (I) |
7.80% |
CHARLES SCHWAB & CO
INC |
SPECIAL CUSTODY A/C FOR
THE | ||
BENEFIT OF
CUSTOMERS | ||
ATTN MUTUAL
FUNDS | ||
101 MONTGOMERY
ST | ||
SAN FRANCISCO CA
94104-4151 | ||
MIDCAP (I) |
7.34% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF OUR
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
MIDCAP (I) |
6.81% |
EDWARD D JONES &
CO |
FOR THE BENEFIT OF
CUSTOMERS | ||
12555 MANCHESTER
RD | ||
SAINT LOUIS MO
63131-3729 | ||
MIDCAP (I) |
6.25% |
UBS WM USA |
0O0 11011
6100 | ||
OMNI ACCOUNT
M/F | ||
SPEC CDY A/C EBOC
UBSFSI | ||
1000 HARBOR
BLVD | ||
WEEHAWKEN NJ
07086-6761 | ||
MIDCAP (R1) |
84.81% |
VOYA INSTITUTIONAL TRUST
COMPANY |
1 ORANGE WAY | ||
WINDSOR CT
06095-4773 | ||
MIDCAP (R2) |
27.08% |
STATE STREET BANK AND TRUST
COMPANY |
TRUSTEE AND/OR
CUSTODIAN | ||
FBO ADP ACCESS
PRODUCT | ||
1 LINCOLN ST | ||
BOSTON MA
02111-2901 | ||
MIDCAP (R2) |
13.78% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
MIDCAP (R2) |
10.15% |
FULTON BANK NA
FBO |
CLAIR BROS AUDIO
ENTERPRISES | ||
PO BOX 3215 | ||
LANCASTER PA
17604-3215 | ||
MIDCAP (R2) |
5.59% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP (R3) |
23.59% |
STATE STREET BANK AND TRUST
COMPANY |
TRUSTEE AND/OR
CUSTODIAN | ||
FBO ADP ACCESS
PRODUCT | ||
1 LINCOLN ST | ||
BOSTON MA
02111-2901 | ||
MIDCAP (R3) |
16.63% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
MIDCAP (R3) |
9.97% |
TIAA, FSB CUST/TTEE
FBO: |
RETIREMENT PLANS FOR
WHICH | ||
TIAA ACTS AS
RECORDKEEPER | ||
ATTN: TRUST
OPERATIONS | ||
211 N BROADWAY STE
1000 | ||
SAINT LOUIS MO
63102-2748 | ||
MIDCAP (R4) |
14.29% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP (R4) |
13.87% |
JOHN HANCOCK TRUST COMPANY
LLC |
690 CANTON ST STE
100 | ||
WESTWOOD MA
02090-2324 | ||
MIDCAP (R4) |
13.43% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS 401K FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
MIDCAP (R4) |
8.57% |
CHARLES SCHWAB & CO
INC |
SPECIAL CUSTODY A/C FBO
CUSTOMERS | ||
ATTN MUTUAL
FUNDS | ||
101 MONTGOMERY
ST | ||
SAN FRANCISCO CA
94104-4151 | ||
MIDCAP (R4) |
6.54% |
MATRIX TRUST COMPANY
CUST |
FBO HSA
BANK-HS3 | ||
717 17TH ST STE
1300 | ||
DENVER CO
80202-3304 | ||
MIDCAP (R5) |
22.44% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP (R5) |
14.92% |
WELLS FARGO BANK
FBO |
VARIOUS RETIREMENT
PLANS | ||
9888888836 NC
1151 | ||
1525 WEST WT HARRIS
BLVD | ||
CHARLOTTE NC
28288-1076 | ||
MIDCAP (R5) |
8.76% |
CHARLES SCHWAB & CO
INC |
SPECIAL CUSTODY A/C FBO
CUSTOMERS | ||
ATTN MUTUAL
FUNDS | ||
101 MONTGOMERY
ST | ||
SAN FRANCISCO CA
94104-4151 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
MIDCAP (R6) |
36.52% |
LIFETIME 2030
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP (R6) |
23.76% |
LIFETIME 2020
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP (R6) |
9.36% |
SAM CONS GROWTH PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP (R6) |
8.83% |
LIFETIME 2025
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP (R6) |
6.45% |
UMBSC &
CO |
FBO OMNIBUS
INVESTMENT | ||
MANAGEMENT -
CASH | ||
P O BOX 419260 MS
1010405 | ||
KANSAS CITY MO
64141-6260 | ||
MIDCAP GROWTH
(I) |
24.41% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP GROWTH
(I) |
17.16% |
NATIONWIDE TRUST COMPANY
FSB |
C/O IPO PORTFOLIO
ACCOUNTING | ||
PO BOX
182029 | ||
COLUMBUS OH
43218-2029 | ||
MIDCAP GROWTH
(I) |
12.05% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF
OUR | ||
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
MIDCAP GROWTH
(I) |
9.65% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
MIDCAP GROWTH
(I) |
9.23% |
PIMS/PRUDENTIAL
RETIREMENT |
AS NOMINEE FOR THE TTEE/CUST PL
007 | ||
PBC MANAGEMENT
LLC | ||
2360 5TH ST | ||
MANDEVILLE LA
70471-1861 | ||
MIDCAP GROWTH
(R1) |
93.55% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP GROWTH
(R2) |
51.07% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP GROWTH
(R2) |
38.85% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
MIDCAP GROWTH
(R2) |
8.08% |
ASCENSUS TRUST COMPANY
FBO |
TEGRA MEDICAL 401(K) RETIREMENT
PLA | ||
207271 | ||
PO BOX 10758 | ||
FARGO ND
58106-0758 | ||
MIDCAP GROWTH
(R3) |
38.42% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP GROWTH
(R3) |
21.05% |
RELIANCE TRUST COMPANY
FBO |
RETIREMENT PLANS SERVICED BY
METLIF | ||
C/O FASCORE
LLC | ||
8515 E ORCHARD RD
2T2 | ||
GREENWOOD VILLAGE CO
80111-5002 | ||
MIDCAP GROWTH
(R3) |
16.67% |
FIIOC |
FBO | ||
DEFOE CORP 401K EMPLOYEE
SAVINGS | ||
PLAN | ||
100 MAGELLAN WAY
(KW1C) | ||
COVINGTON KY
41015-1987 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
MIDCAP GROWTH
(R3) |
6.69% |
PIMS/PRUDENTIAL
RETIREMENT |
AS NOMINEE FOR THE TTEE/CUST PL
006 | ||
TRINITY PRESBYTERIAN SCHOOL
INC | ||
1700 E TRINITY
BLVD | ||
MONTGOMERY AL
36106-2810 | ||
MIDCAP GROWTH
(R4) |
82.62% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP GROWTH
(R4) |
8.11% |
GREAT-WEST TRUST COMPANY LLC
TTEE F |
EMPLOYEE BENEFITS CLIENTS
401K | ||
8515 E ORCHARD RD
2T2 | ||
GREENWOOD VILLAGE CO
80111-5002 | ||
MIDCAP GROWTH
(R5) |
88.59% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP GROWTH III
(I) |
36.81% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP GROWTH III
(I) |
22.57% |
LIFETIME 2040
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP GROWTH III
(I) |
13.62% |
LIFETIME 2050
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP GROWTH III
(I) |
11.27% |
DCGT AS TTEE AND/OR
CUST |
FBO CHS CUSTOM TARGET DATE FUND
OF | ||
FUNDS SEP
ACCTS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP GROWTH III
(I) |
6.51% |
LIFETIME 2035
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
MIDCAP GROWTH III
(R1) |
86.20% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP GROWTH III
(R1) |
6.22% |
FIIOC FBO |
SHERWOOD OF SALISBURY LLC 401K
PS | ||
PLAN | ||
100 MAGELLAN
WAY | ||
COVINGTON KY
41015-1987 | ||
MIDCAP GROWTH III
(R2) |
82.63% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP GROWTH III
(R2) |
15.91% |
COUNSEL TRUST DBA MATC
FBO |
INTEGRATED LINER
TECHNOLOGIES | ||
401 K PROFIT SHARING PLAN &
TRUST | ||
1251 WATERFRONT PL STE
525 | ||
PITTSBURGH PA
15222-4228 | ||
MIDCAP GROWTH III
(R3) |
90.06% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP GROWTH III
(R4) |
96.84% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP GROWTH III
(R5) |
93.30% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP S&P 400 INDEX
(I) |
42.83% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
MIDCAP S&P 400 INDEX
(I) |
16.87% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
MIDCAP S&P 400 INDEX
(I) |
5.78% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF
OUR | ||
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
MIDCAP S&P 400 INDEX
(R1) |
52.36% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP S&P 400 INDEX
(R1) |
10.00% |
ASCENSUS TRUST
COMPANY |
FBO CRP INDUSTRIES
INC | ||
401K PLAN
13110 | ||
PO BOX 10758 | ||
FARGO ND
58106-0758 | ||
MIDCAP S&P 400 INDEX
(R2) |
56.28% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP S&P 400 INDEX
(R2) |
12.11% |
VRSCO |
FBO AIGFSB CUST TTEE
FBO | ||
RUSH HEALTH SYSTEMS 403B
PLAN | ||
2727-A ALLEN PARKWAY
4-D1 | ||
HOUSTON TX
77019-2107 | ||
MIDCAP S&P 400 INDEX
(R2) |
7.22% |
VRSCO |
FBO AIGFSB CUST TTEE
FBO | ||
RUSH HEALTH SYSTEMS RET SV PLN
401A | ||
2727-A ALLEN PARKWAY
4-D1 | ||
HOUSTON TX
77019-2107 | ||
MIDCAP S&P 400 INDEX
(R2) |
5.39% |
GREAT-WEST TRUST COMPANY LLC
TTEE F |
EMPLOYEE BENEFITS CLIENTS
401K | ||
8515 E ORCHARD RD
2T2 | ||
GREENWOOD VILLAGE CO
80111-5002 | ||
MIDCAP S&P 400 INDEX
(R2) |
5.34% |
STATE STREET BANK AND TRUST
COMPANY |
TRUSTEE AND/OR
CUSTODIAN | ||
FBO ADP ACCESS
PRODUCT | ||
1 LINCOLN ST | ||
BOSTON MA
02111-2901 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
MIDCAP S&P 400 INDEX
(R3) |
56.39% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP S&P 400 INDEX
(R4) |
64.02% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP S&P 400 INDEX
(R4) |
8.73% |
VOYA INSTITUTIONAL TRUST
COMPANY |
1 ORANGE WAY | ||
WINDSOR CT
06095-4773 | ||
MIDCAP S&P 400 INDEX
(R5) |
55.99% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP S&P 400 INDEX
(R6) |
59.65% |
DIVERSIFIED GROWTH
ACCOUNT |
ATTN MUTUAL FUND ACCOUNTING
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP S&P 400 INDEX
(R6) |
14.50% |
DIVERSIFIED BALANCED
ACCOUNT |
ATTN MUTUAL FUND ACCOUNTING
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP S&P 400 INDEX
(R6) |
5.34% |
DIVERSIFIED GROWTH
MANAGED |
VOLATILITY
ACCOUNT | ||
ATTN MUTUAL FUND ACCOUNTING
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
MIDCAP VALUE I
(I) |
83.41% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
MIDCAP VALUE I
(I) |
6.30% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
MIDCAP VALUE I
(R1) |
98.35% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP VALUE I
(R2) |
96.30% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP VALUE I
(R3) |
84.74% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP VALUE I
(R4) |
86.45% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP VALUE I
(R5) |
89.04% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP VALUE III
(A) |
28.30% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
MIDCAP VALUE III
(I) |
44.01% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF
OUR | ||
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
MIDCAP VALUE III
(I) |
17.77% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP VALUE III
(I) |
7.52% |
NATIONWIDE TRUST COMPANY
FSB |
C/O IPO PORTFOLIO
ACCOUNTING | ||
PO BOX
182029 | ||
COLUMBUS OH
43218-2029 | ||
MIDCAP VALUE III
(R1) |
53.05% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP VALUE III
(R1) |
33.55% |
FIIOC |
FBO | ||
EXTRAHOP NETWORKS INC 401K PLAN
AND | ||
TRUST | ||
100 MAGELLAN WAY
(KW1C) | ||
COVINGTON KY
41015-1987 | ||
MIDCAP VALUE III
(R1) |
6.16% |
FIIOC |
FBO JOHN E KOERNER & CO
INC | ||
PROFIT SHARING
PLAN | ||
100 MAGELLAN WAY
(KW1C) | ||
COVINGTON KY
41015-1987 | ||
MIDCAP VALUE III
(R2) |
69.93% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP VALUE III
(R2) |
18.43% |
TD AMERITRADE TRUST
COMPANY |
CO#0092C | ||
PO BOX 17748 | ||
DENVER CO
80217-0748 | ||
MIDCAP VALUE III
(R2) |
9.68% |
GREAT-WEST TRUST COMPANY LLC
TTEE F |
EMPLOYEE BENEFITS CLIENTS
401K | ||
8515 E ORCHARD RD
2T2 | ||
GREENWOOD VILLAGE CO
80111-5002 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
MIDCAP VALUE III
(R3) |
57.92% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP VALUE III
(R4) |
51.78% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP VALUE III
(R4) |
13.22% |
VRSCO |
FBO AIGFSB CUST TTEE
FBO | ||
ALLEGHENY COUNTY 457B DEF
COMP | ||
2727-A ALLEN PARKWAY
4-D1 | ||
HOUSTON TX
77019-2107 | ||
MIDCAP VALUE III
(R4) |
7.64% |
LINCOLN RETIREMENT SERVICES
COMPANY |
FBO CITY OF GARLAND 457 DEF
COMP | ||
PO BOX 7876 | ||
FORT WAYNE IN
46801-7876 | ||
MIDCAP VALUE III
(R4) |
7.31% |
WACHOVIA BANK NATIONAL
ASSOCIATION |
FBO DEF COMP PLAN OF CED INC
(PS DEF) | ||
ATTN SHELLEY
ANDERSON | ||
ONE WEST FOURTH
STREET | ||
WINSTON SALEM NC
27101-3818 | ||
MIDCAP VALUE III
(R5) |
30.40% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP VALUE III
(R5) |
26.82% |
FIIOC |
FBO TEAM INC SALARY
DEFERRAL | ||
PLAN &
TRUST | ||
100 MAGELLAN
WAY | ||
COVINGTON KY
41015-1987 | ||
MIDCAP VALUE III
(R5) |
12.75% |
MATRIX AS AGENT
FBO |
HDR INC DIAMOND EXECUTIVE
DCP | ||
PO BOX 52129 | ||
PHOENIX AZ
85072-2129 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
MIDCAP VALUE III
(R6) |
23.43% |
LIFETIME 2030
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP VALUE III
(R6) |
22.57% |
LIFETIME 2040
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP VALUE III
(R6) |
14.91% |
LIFETIME 2020
FUND |
ATTN MUTUAL FUND ACCOUNTING
H-221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP VALUE III
(R6) |
13.62% |
LIFETIME 2050
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP VALUE III
(R6) |
6.51% |
LIFETIME 2035
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MIDCAP VALUE III
(R6) |
5.59% |
LIFETIME 2025
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
MONEY MARKET
(A) |
43.54% |
PERSHING LLC AS
AGENT |
FOR ITS
CUSTOMERS | ||
ATTN CASH MANAGMENT
SERVICES | ||
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
MONEY MARKET
(C) |
14.54% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
MONEY MARKET
(C) |
8.38% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
MONEY MARKET
(C) |
5.41% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR THE EXCL BENE OF OUR
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
MONEY MARKET
(I) |
82.71% |
LEONARD R BOEN
TTEE |
INDUSTRIAL
COMPONENTS | ||
AR LLC CASH BALANCE
PLAN | ||
PO BOX 22407 | ||
LITTLE ROCK AR
72221-2407 | ||
MONEY MARKET
(I) |
15.60% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
OVERSEAS (I) |
21.22% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
OVERSEAS (I) |
16.77% |
LIFETIME 2030
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
OVERSEAS (I) |
13.93% |
LIFETIME 2040
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
OVERSEAS (I) |
11.46% |
LIFETIME 2020
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
OVERSEAS (I) |
8.38% |
LIFETIME 2050
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
OVERSEAS (I) |
7.69% |
DCGT AS TTEE AND/OR
CUST |
FBO CHS CUSTOM TARGET DATE FUND
OF | ||
FUNDS SEP
ACCTS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
OVERSEAS (R1) |
64.22% |
PRINCIPAL GLOBAL INVESTORS
LLC |
ATTN SEAN CLINES
801-9A08 | ||
801 GRAND
AVE | ||
DES MOINES IA
50309-8000 | ||
OVERSEAS (R1) |
35.77% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
OVERSEAS (R2) |
99.97% |
PRINCIPAL GLOBAL INVESTORS
LLC |
ATTN SEAN CLINES
801-9A08 | ||
801 GRAND
AVE | ||
DES MOINES IA
50309-8000 | ||
OVERSEAS (R3) |
72.77% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
OVERSEAS (R3) |
19.87% |
PRINCIPAL TRUST
COMPANY |
FBO DUPAGE INTERNAL MEDICINE
LLC | ||
228 OXFORD
AVE | ||
CLARENDON HLS IL
60514-2807 | ||
OVERSEAS (R3) |
6.33% |
DELAWARE CHARTER GUAR &
TRUST CO |
D/B/A PRINCIPAL TRUST
COMPANY | ||
EVANSTON FIRE DEPARTMENT
RETIREE | ||
FUNDED HRA
TRUST | ||
1013 CENTRE
RD | ||
WILMINGTON DE
19805-1265 | ||
OVERSEAS (R4) |
100.00% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
OVERSEAS (R5) |
100.00% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL CAPITAL APPRECIATION
(A) |
33.97% |
J. P. MORGAN SECURITIES
LLC |
FBO EXCLUSIVE BENEFIT OF OUR
CUST | ||
4 CHASE METROTECH
CTR | ||
BROOKLYN NY
11245-0003 | ||
PRINCIPAL CAPITAL APPRECIATION
(A) |
7.50% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
PRINCIPAL CAPITAL APPRECIATION
(C) |
28.45% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
PRINCIPAL CAPITAL APPRECIATION
(C) |
9.07% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL CAPITAL APPRECIATION
(I) |
40.55% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL CAPITAL APPRECIATION
(I) |
18.01% |
SAM STRATEGIC GROWTH PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL CAPITAL APPRECIATION
(I) |
11.45% |
SAM CONS GROWTH PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL CAPITAL APPRECIATION
(I) |
9.84% |
SAM BALANCED PORTFOLIO
PIF |
ATTN MUTUAL FUND ACCOUNTING
-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL CAPITAL APPRECIATION
(R1) |
95.47% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL CAPITAL APPRECIATION
(R2) |
78.76% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL CAPITAL APPRECIATION
(R2) |
21.17% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR EAST 3RD
FL | ||
JACKSONVILLE FL
32246-6484 | ||
PRINCIPAL CAPITAL APPRECIATION
(R3) |
93.45% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL CAPITAL APPRECIATION
(R4) |
87.09% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL CAPITAL APPRECIATION
(R4) |
5.03% |
PRINCIPAL TRUST
COMPANY |
FBO LIFE POWER AGENT
INCENTIVE | ||
REWARD PLAN | ||
ATTN SUSAN
SAGGIONE | ||
1013 CENTRE
RD | ||
WILMINGTON DE
19805-1265 | ||
PRINCIPAL CAPITAL APPRECIATION
(R5) |
91.56% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 |
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME STRATEGIC
INC (A) |
13.17% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
PRINCIPAL LIFETIME STRATEGIC
INC (A) |
11.78% |
MID ATLANTIC TRUST COMPANY
FBO |
EVERTEC INC PR SAVIGS &
INVT PLAN | ||
1251 WATERFRONT PLACE SUITE
525 | ||
PITTSBURGH PA
15222-4228 | ||
PRINCIPAL LIFETIME STRATEGIC
INC (I) |
85.99% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME STRATEGIC
INC (I) |
8.72% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME STRATEGIC
INC (R1) |
99.99% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME STRATEGIC
INC (R2) |
96.02% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME STRATEGIC
INC (R3) |
92.34% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME STRATEGIC
INC (R4) |
86.94% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME STRATEGIC
INC (R5) |
78.68% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME STRATEGIC
INC (R5) |
6.83% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS 401K FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
PRINCIPAL LIFETIME 2010
(A) |
7.51% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
PRINCIPAL LIFETIME 2010
(A) |
7.26% |
MID ATLANTIC TRUST COMPANY
FBO |
EVERTEC INC PR SAVIGS &
INVT PLAN | ||
1251 WATERFRONT PLACE SUITE
525 | ||
PITTSBURGH PA
15222-4228 | ||
PRINCIPAL LIFETIME 2010
(A) |
6.77% |
ASCENSUS TRUST COMPANY
FBO |
CORRECTIONS CORPORATION OF
AMERICA | ||
8192 | ||
PO BOX 10758 | ||
FARGO ND
58106-0758 | ||
PRINCIPAL LIFETIME 2010
(A) |
6.44% |
PRINCIPAL LIFE INSURANCE CO
CUST |
IRA WILLIAM
HENNESSEY | ||
1 FOREST HILLS
BLVD | ||
RENSSELAER NY
12144-5831 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME 2010
(I) |
81.29% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2010
(I) |
16.04% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2010
(R1) |
99.99% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2010
(R2) |
99.38% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2010
(R3) |
95.03% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2010
(R4) |
92.88% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2010
(R5) |
80.83% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2010
(R5) |
15.45% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS 401K FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME 2015
(I) |
73.98% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2015
(I) |
23.16% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2015
(R1) |
99.68% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2015
(R2) |
100.00% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2015
(R3) |
94.83% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2015
(R4) |
92.65% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2015
(R5) |
84.23% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2015
(R5) |
12.63% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS 401K FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME 2020
(A) |
10.36% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
PRINCIPAL LIFETIME 2020
(A) |
8.55% |
ASCENSUS TRUST COMPANY
FBO |
CORRECTIONS CORPORATION OF
AMERICA | ||
8192 | ||
PO BOX 10758 | ||
FARGO ND
58106-0758 | ||
PRINCIPAL LIFETIME 2020
(A) |
5.85% |
MID ATLANTIC TRUST COMPANY
FBO |
EVERTEC INC PR SAVIGS &
INVT PLAN | ||
1251 WATERFRONT PLACE SUITE
525 | ||
PITTSBURGH PA
15222-4228 | ||
PRINCIPAL LIFETIME 2020
(I) |
80.46% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2020
(I) |
16.64% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2020
(R1) |
99.79% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2020
(R2) |
97.49% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2020
(R3) |
92.65% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2020
(R4) |
93.63% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME 2020
(R5) |
82.03% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2020
(R5) |
9.55% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS 401K FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
PRINCIPAL LIFETIME 2025
(I) |
77.74% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2025
(I) |
18.10% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2025
(R1) |
97.38% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2025
(R2) |
98.99% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2025
(R3) |
95.76% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2025
(R4) |
92.07% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME 2025
(R5) |
84.65% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2025
(R5) |
13.09% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS 401K FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
PRINCIPAL LIFETIME 2030
(A) |
11.18% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
PRINCIPAL LIFETIME 2030
(A) |
10.47% |
ASCENSUS TRUST COMPANY
FBO |
CORRECTIONS CORPORATION OF
AMERICA | ||
8192 | ||
PO BOX 10758 | ||
FARGO ND
58106-0758 | ||
PRINCIPAL LIFETIME 2030
(I) |
82.76% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2030
(I) |
14.32% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2030
(R1) |
98.81% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2030
(R2) |
99.48% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME 2030
(R3) |
94.55% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2030
(R4) |
93.90% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2030
(R5) |
82.91% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2030
(R5) |
6.49% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS 401K FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
PRINCIPAL LIFETIME 2035
(I) |
78.49% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2035
(I) |
17.12% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2035
(R1) |
98.88% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME 2035
(R2) |
98.41% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2035
(R3) |
97.05% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2035
(R4) |
91.67% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2035
(R5) |
85.46% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2035
(R5) |
10.92% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS 401K FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME 2040
(A) |
11.56% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
PRINCIPAL LIFETIME 2040
(A) |
8.43% |
ASCENSUS TRUST COMPANY
FBO |
CORRECTIONS CORPORATION OF
AMERICA 8192 | ||
PO BOX 10758 | ||
FARGO ND
58106-0758 | ||
PRINCIPAL LIFETIME 2040
(A) |
5.88% |
MID ATLANTIC TRUST COMPANY
FBO |
EVERTEC INC PR SAVIGS &
INVT PLAN | ||
1251 WATERFRONT PLACE SUITE
525 | ||
PITTSBURGH PA
15222-4228 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME 2040
(I) |
80.54% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2040
(I) |
16.18% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2040
(R1) |
98.45% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2040
(R2) |
98.99% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2040
(R3) |
96.82% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2040
(R4) |
95.48% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2040
(R5) |
85.37% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2040
(R5) |
7.02% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS 401K FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME 2045
(I) |
74.01% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2045
(I) |
20.96% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2045
(R1) |
98.64% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2045
(R2) |
98.26% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2045
(R3) |
98.82% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2045
(R4) |
94.47% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2045
(R5) |
88.12% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME 2045
(R5) |
9.72% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS 401K FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
PRINCIPAL LIFETIME 2050
(A) |
12.44% |
ASCENSUS TRUST COMPANY
FBO |
CORRECTIONS CORPORATION OF
AMERICA | ||
8192 | ||
PO BOX 10758 | ||
FARGO ND
58106-0758 | ||
PRINCIPAL LIFETIME 2050
(A) |
11.73% |
LPL
FINANCIAL |
OMNIBUS CUSTOMER
ACCOUNT | ||
ATTN MUTUAL FUND
TRADING | ||
4707 EXECUTIVE
DR | ||
SAN DIEGO CA
92121-3091 | ||
PRINCIPAL LIFETIME 2050
(A) |
10.69% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
PRINCIPAL LIFETIME 2050
(I) |
80.09% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2050
(I) |
16.82% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2050
(R1) |
99.61% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2050
(R2) |
99.60% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME 2050
(R3) |
97.06% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2050
(R4) |
96.61% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2050
(R5) |
88.09% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2050
(R5) |
5.35% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS 401K FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
PRINCIPAL LIFETIME 2055
(I) |
78.31% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2055
(I) |
18.10% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2055
(R1) |
99.34% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME 2055
(R2) |
99.91% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2055
(R3) |
98.63% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2055
(R4) |
89.05% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2055
(R4) |
6.76% |
MATRIX TRUST COMPANY
CUST |
FBO HSA
BANK-HS3 | ||
717 17TH ST STE
1300 | ||
DENVER CO
80202-3304 | ||
PRINCIPAL LIFETIME 2055
(R5) |
86.49% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2055
(R5) |
9.06% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS 401K FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
PRINCIPAL LIFETIME 2060
(I) |
86.21% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME 2060
(I) |
11.52% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2060
(R1) |
100.00% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2060
(R2) |
99.91% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2060
(R3) |
93.95% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2060
(R4) |
96.41% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME 2060
(R5) |
93.17% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME HYBRID
INCOME (I) |
82.92% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME HYBRID
INCOME (I) |
6.78% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF
OUR | ||
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
PRINCIPAL LIFETIME HYBRID
INCOME (I) |
5.06% |
PRINCIPAL TRUST
COMPANY |
FBO THE ELLIOT HEALTH SYSTEM
DEF | ||
COMP PLAN | ||
ATTN SUSAN
SAGGIONE | ||
1013 CENTRE
RD | ||
WILMINGTON DE
19805-1265 | ||
PRINCIPAL LIFETIME HYBRID
INCOME (R6) |
45.04% |
TIAA, FSB CUST/TTEE
FBO: |
RETIREMENT PLANS FOR
WHICH | ||
TIAA ACTS AS
RECORDKEEPER | ||
ATTN: TRUST
OPERATIONS | ||
211 N BROADWAY STE
1000 | ||
SAINT LOUIS MO
63102-2748 | ||
PRINCIPAL LIFETIME HYBRID
INCOME (R6) |
40.18% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS (401K) FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
PRINCIPAL LIFETIME HYBRID
INCOME (R6) |
14.76% |
PRINCIPAL TRUST
COMPANY |
FBO DELTA DENTAL OF ID 457B
DEF | ||
COMP | ||
ATTN PLAN
TRUSTEE | ||
1013 CENTRE
RD | ||
WILMINGTON DE
19805-1265 |
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME HYBRID 2015
(I) |
86.76% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME HYBRID 2015
(I) |
12.97% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF
OUR | ||
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
PRINCIPAL LIFETIME HYBRID 2015
(R6) |
76.60% |
TIAA, FSB CUST/TTEE
FBO: |
RETIREMENT PLANS FOR
WHICH | ||
TIAA ACTS AS
RECORDKEEPER | ||
ATTN: TRUST
OPERATIONS | ||
211 N BROADWAY STE
1000 | ||
SAINT LOUIS MO
63102-2748 | ||
PRINCIPAL LIFETIME HYBRID 2015
(R6) |
13.06% |
PRINCIPAL TRUST
COMPANY |
FBO DELTA DENTAL OF ID 457B
DEF | ||
COMP | ||
ATTN PLAN
TRUSTEE | ||
1013 CENTRE
RD | ||
WILMINGTON DE
19805-1265 | ||
PRINCIPAL LIFETIME HYBRID 2015
(R6) |
10.32% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS (401K) FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
PRINCIPAL LIFETIME HYBRID 2020
(I) |
80.09% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME HYBRID 2020
(I) |
15.64% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF
OUR | ||
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
PRINCIPAL LIFETIME HYBRID 2020
(R6) |
76.48% |
TIAA, FSB CUST/TTEE
FBO: |
RETIREMENT PLANS FOR
WHICH | ||
TIAA ACTS AS
RECORDKEEPER | ||
ATTN: TRUST
OPERATIONS | ||
211 N BROADWAY STE
1000 | ||
SAINT LOUIS MO
63102-2748 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME HYBRID 2020
(R6) |
15.89% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS (401K) FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
PRINCIPAL LIFETIME HYBRID 2020
(R6) |
7.62% |
PRINCIPAL TRUST
COMPANY |
FBO DELTA DENTAL OF ID 457B DEF
COMP | ||
ATTN PLAN
TRUSTEE | ||
1013 CENTRE
RD | ||
WILMINGTON DE
19805-1265 | ||
PRINCIPAL LIFETIME HYBRID 2025
(I) |
84.77% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME HYBRID 2025
(I) |
14.22% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF
OUR | ||
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
PRINCIPAL LIFETIME HYBRID 2025
(R6) |
85.86% |
TIAA, FSB CUST/TTEE
FBO: |
RETIREMENT PLANS FOR
WHICH | ||
TIAA ACTS AS
RECORDKEEPER | ||
ATTN: TRUST
OPERATIONS | ||
211 N BROADWAY STE
1000 | ||
SAINT LOUIS MO
63102-2748 | ||
PRINCIPAL LIFETIME HYBRID 2025
(R6) |
11.02% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS (401K) FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
PRINCIPAL LIFETIME HYBRID 2030
(I) |
89.61% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME HYBRID 2030
(I) |
7.22% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF
OUR | ||
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME HYBRID 2030
(R6) |
90.86% |
TIAA, FSB CUST/TTEE
FBO: |
RETIREMENT PLANS FOR
WHICH | ||
TIAA ACTS AS
RECORDKEEPER | ||
ATTN: TRUST
OPERATIONS | ||
211 N BROADWAY STE
1000 | ||
SAINT LOUIS MO
63102-2748 | ||
PRINCIPAL LIFETIME HYBRID 2030
(R6) |
8.82% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS (401K) FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
PRINCIPAL LIFETIME HYBRID 2035
(I) |
81.29% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME HYBRID 2035
(I) |
15.60% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF OUR
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
PRINCIPAL LIFETIME HYBRID 2035
(R6) |
94.75% |
TIAA, FSB CUST/TTEE
FBO: |
RETIREMENT PLANS FOR
WHICH | ||
TIAA ACTS AS
RECORDKEEPER | ||
ATTN: TRUST
OPERATIONS | ||
211 N BROADWAY STE
1000 | ||
SAINT LOUIS MO
63102-2748 | ||
PRINCIPAL LIFETIME HYBRID 2040
(I) |
86.50% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME HYBRID 2040
(I) |
8.54% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF
OUR | ||
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
PRINCIPAL LIFETIME HYBRID 2040
(R6) |
98.13% |
TIAA, FSB CUST/TTEE
FBO: |
RETIREMENT PLANS FOR
WHICH | ||
TIAA ACTS AS
RECORDKEEPER | ||
ATTN: TRUST
OPERATIONS | ||
211 N BROADWAY STE
1000 | ||
SAINT LOUIS MO
63102-2748 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME HYBRID 2045
(I) |
85.94% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME HYBRID 2045
(I) |
12.10% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF
OUR | ||
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
PRINCIPAL LIFETIME HYBRID 2045
(R6) |
98.63% |
TIAA, FSB CUST/TTEE
FBO: |
RETIREMENT PLANS FOR
WHICH | ||
TIAA ACTS AS
RECORDKEEPER | ||
ATTN: TRUST
OPERATIONS | ||
211 N BROADWAY STE
1000 | ||
SAINT LOUIS MO
63102-2748 | ||
PRINCIPAL LIFETIME HYBRID 2050
(I) |
90.90% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME HYBRID 2050
(I) |
7.41% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF
OUR | ||
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
PRINCIPAL LIFETIME HYBRID 2050
(R6) |
87.77% |
TIAA, FSB CUST/TTEE
FBO: |
RETIREMENT PLANS FOR
WHICH | ||
TIAA ACTS AS
RECORDKEEPER | ||
ATTN: TRUST
OPERATIONS | ||
211 N BROADWAY STE
1000 | ||
SAINT LOUIS MO
63102-2748 | ||
PRINCIPAL LIFETIME HYBRID 2050
(R6) |
8.94% |
PRINCIPAL TRUST
COMPANY |
FBO DELTA DENTAL OF ID 457B
DEF | ||
COMP | ||
ATTN PLAN
TRUSTEE | ||
1013 CENTRE
RD | ||
WILMINGTON DE
19805-1265 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
PRINCIPAL LIFETIME HYBRID 2055
(I) |
92.05% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME HYBRID 2055
(I) |
7.43% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF
OUR | ||
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
PRINCIPAL LIFETIME HYBRID 2055
(R6) |
98.71% |
TIAA, FSB CUST/TTEE
FBO: |
RETIREMENT PLANS FOR
WHICH | ||
TIAA ACTS AS
RECORDKEEPER | ||
ATTN: TRUST
OPERATIONS | ||
211 N BROADWAY STE
1000 | ||
SAINT LOUIS MO
63102-2748 | ||
PRINCIPAL LIFETIME HYBRID 2060
(I) |
94.90% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
PRINCIPAL LIFETIME HYBRID 2060
(R6) |
74.66% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS (401K) FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
PRINCIPAL LIFETIME HYBRID 2060
(R6) |
25.33% |
TIAA, FSB CUST/TTEE
FBO: |
RETIREMENT PLANS FOR
WHICH | ||
TIAA ACTS AS
RECORDKEEPER | ||
ATTN: TRUST
OPERATIONS | ||
211 N BROADWAY STE
1000 | ||
SAINT LOUIS MO
63102-2748 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
REAL ESTATE SECURITIES
(A) |
19.02% |
CHARLES SCHWAB & CO
INC |
SPECIAL CUSTODY A/C FOR
THE | ||
BENEFIT OF
CUSTOMERS | ||
ATTN MUTUAL
FUNDS | ||
101 MONTGOMERY
ST | ||
SAN FRANCISCO CA
94104-4151 | ||
REAL ESTATE SECURITIES
(A) |
17.30% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR EAST 3RD
FL | ||
JACKSONVILLE FL
32246-6484 | ||
REAL ESTATE SECURITIES
(A) |
12.13% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
REAL ESTATE SECURITIES
(C) |
25.03% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
REAL ESTATE SECURITIES
(C) |
19.05% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
REAL ESTATE SECURITIES
(C) |
6.47% |
MORGAN STANLEY SMITH
BARNEY |
HARBOR FINANCIAL
CENTER | ||
PLAZA 2 3RD
FLOOR | ||
JERSEY CITY NJ
07311 | ||
REAL ESTATE SECURITIES
(I) |
16.17% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
REAL ESTATE SECURITIES
(I) |
16.04% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF
OUR | ||
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
REAL ESTATE SECURITIES
(I) |
9.87% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
REAL ESTATE SECURITIES
(I) |
6.18% |
CHARLES SCHWAB & CO
INC |
SPECIAL CUSTODY A/C FOR
THE | ||
BENEFIT OF
CUSTOMERS | ||
ATTN MUTUAL
FUNDS | ||
101 MONTGOMERY
ST | ||
SAN FRANCISCO CA
94104-4151 | ||
REAL ESTATE SECURITIES
(R1) |
52.12% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
REAL ESTATE SECURITIES
(R1) |
13.35% |
PIMS/PRUDENTIAL
RETIREMENT |
AS NOMINEE FOR THE TTEE/CUST PL
006 | ||
ST LOUIS COUNTY
MISSOURI | ||
ADMINISTRATIVE ANNEX - 5TH
FLOOR | ||
41 SOUTH CENTRAL
AVE | ||
CLAYTON MO
63105-1719 | ||
REAL ESTATE SECURITIES
(R1) |
7.93% |
MG TRUST COMPANY CUST
FBO |
CROSSCOUNTRY MORTGAGE INC
EMPLOYE | ||
717 17TH ST STE
1300 | ||
DENVER CO
80202-3304 | ||
REAL ESTATE SECURITIES
(R2) |
36.89% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
REAL ESTATE SECURITIES
(R2) |
35.34% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
REAL ESTATE SECURITIES
(R2) |
12.70% |
STATE STREET BANK AND TRUST
COMPANY |
TRUSTEE AND/OR
CUSTODIAN | ||
FBO ADP ACCESS
PRODUCT | ||
1 LINCOLN ST | ||
BOSTON MA
02111-2901 | ||
REAL ESTATE SECURITIES
(R3) |
52.09% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
REAL ESTATE SECURITIES
(R3) |
5.71% |
TIAA, FSB CUST/TTEE
FBO: |
RETIREMENT PLANS FOR
WHICH | ||
TIAA ACTS AS
RECORDKEEPER | ||
ATTN: TRUST
OPERATIONS | ||
211 N BROADWAY STE
1000 | ||
SAINT LOUIS MO
63102-2748 | ||
REAL ESTATE SECURITIES
(R4) |
44.95% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
REAL ESTATE SECURITIES
(R4) |
18.47% |
JOHN HANCOCK TRUST COMPANY
LLC |
690 CANTON ST STE
100 | ||
WESTWOOD MA
02090-2324 | ||
REAL ESTATE SECURITIES
(R4) |
6.93% |
VRSCO |
FBO AIGFSB CUST TTEE
FBO | ||
STORMONT VAIL HEALTHCARE
403B | ||
2727-A ALLEN PARKWAY
4-D1 | ||
HOUSTON TX
77019-2107 | ||
REAL ESTATE SECURITIES
(R4) |
5.37% |
GREAT WEST TRUST CO LLC
TTEE |
EMPLOYEE BENEFITS CLIENTS
401K | ||
8515 E ORCHARD RD
2T2 | ||
GREENWOOD VILLAGE CO
80111-5002 | ||
REAL ESTATE SECURITIES
(R5) |
44.34% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
REAL ESTATE SECURITIES
(R5) |
14.64% |
DCGT AS TTEE AND/OR
CUST |
FBO SUPERIOR OFFICERS COUNCIL
CUST | ||
INV FOF | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
REAL ESTATE SECURITIES
(R5) |
11.32% |
MATRIX AS TTEE FBO SHEET
METAL |
WORKERS LOCAL
104 | ||
PO BOX 52129 | ||
PHOENIX AZ
85072-2129 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
REAL ESTATE SECURITIES
(R6) |
34.70% |
PRINCIPAL TRUST
COMPANY |
PRINCIPAL TRUST TARGET
DATE | ||
COLLECTIVE INVESTMENT
FUNDS | ||
1013 CENTRE RD STE
300 | ||
WILMINGTON DE
19805-1265 | ||
REAL ESTATE SECURITIES
(R6) |
32.20% |
PRINCIPAL LIFE INSURANCE CO
CUST |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
REAL ESTATE SECURITIES
(R6) |
7.10% |
LIFETIME 2040
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
REAL ESTATE SECURITIES
(R6) |
6.95% |
LIFETIME 2030
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
SAM BALANCED PORTFOLIO
(A) |
21.35% |
J. P. MORGAN SECURITIES
LLC |
FBO EXCLUSIVE BENEFIT OF OUR
CUST | ||
4 CHASE METROTECH
CTR | ||
BROOKLYN NY
11245-0003 | ||
SAM BALANCED PORTFOLIO
(A) |
14.32% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
SAM BALANCED PORTFOLIO
(C) |
17.12% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
SAM BALANCED PORTFOLIO
(C) |
8.22% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
SAM BALANCED PORTFOLIO
(C) |
7.70% |
LPL
FINANCIAL |
OMNIBUS CUSTOMER
ACCOUNT | ||
ATTN MUTUAL FUND
TRADING | ||
4707 EXECUTIVE
DR | ||
SAN DIEGO CA
92121-3091 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
SAM BALANCED PORTFOLIO
(C) |
6.76% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR THE EXCL BENE OF OUR
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
SAM BALANCED PORTFOLIO
(I) |
86.74% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM BALANCED PORTFOLIO
(R1) |
83.67% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM BALANCED PORTFOLIO
(R2) |
99.25% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM BALANCED PORTFOLIO
(R3) |
92.41% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM BALANCED PORTFOLIO
(R4) |
66.07% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM BALANCED PORTFOLIO
(R4) |
9.02% |
MATRIX TRUST COMPANY CUST
FBO |
HSA BANK -
HS4 | ||
717 17TH ST STE
1300 | ||
DENVER CO
80202-3304 | ||
SAM BALANCED PORTFOLIO
(R4) |
7.91% |
MATRIX TRUST CO AS AGENT
FBO |
PRO-SET INC FINANCIAL SECURITY
TRUS | ||
PO BOX 52129 | ||
PHOENIX AZ
85072-2129 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
SAM BALANCED PORTFOLIO
(R4) |
6.50% |
MATRIX TRUST COMPANY
CUST |
FBO HSA BANK-
HS3 | ||
717 17TH ST STE
1300 | ||
DENVER CO
80202-3304 | ||
SAM BALANCED PORTFOLIO
(R5) |
96.89% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM CONSERVATIVE BALANCED PORT
(A) |
20.17% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
SAM CONSERVATIVE BALANCED PORT
(A) |
11.09% |
J. P. MORGAN SECURITIES
LLC |
FBO EXCLUSIVE BENEFIT OF OUR
CUST | ||
4 CHASE METROTECH
CTR | ||
BROOKLYN NY
11245-0003 | ||
SAM CONSERVATIVE BALANCED PORT
(C) |
17.47% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
SAM CONSERVATIVE BALANCED PORT
(C) |
12.03% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
SAM CONSERVATIVE BALANCED PORT
(C) |
6.65% |
LPL
FINANCIAL |
OMNIBUS CUSTOMER
ACCOUNT | ||
ATTN MUTUAL FUND
TRADING | ||
4707 EXECUTIVE
DR | ||
SAN DIEGO CA
92121-3091 | ||
SAM CONSERVATIVE BALANCED PORT
(C) |
5.55% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR THE EXCL BENE OF OUR
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
SAM CONSERVATIVE BALANCED PORT
(I) |
79.91% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
SAM CONSERVATIVE BALANCED PORT
(I) |
11.22% |
PRINCIPAL TRUST
COMPANY |
FBO YOCHA DEHE CITIZEN SUPP
RET | ||
PLAN | ||
ATTN PLAN
TRUSTEE | ||
1013 CENTRE RD STE
300 | ||
WILMINGTON DE
19805-1265 | ||
SAM CONSERVATIVE BALANCED PORT
(R1) |
74.58% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM CONSERVATIVE BALANCED PORT
(R1) |
11.20% |
MID ATLANTIC TRUST COMPANY
FBO |
ELAINE GANTZ DDS
PCQ | ||
1251 WATERFRONT PLACE, SUITE
525 | ||
PITTSBURGH PA
15222-4228 | ||
SAM CONSERVATIVE BALANCED PORT
(R2) |
97.23% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM CONSERVATIVE BALANCED PORT
(R3) |
89.67% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM CONSERVATIVE BALANCED PORT
(R4) |
49.98% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM CONSERVATIVE BALANCED PORT
(R4) |
22.45% |
PRINCIPAL TRUST
COMPANY |
FBO AKIMA LLC NQ DEF
COMP | ||
ATTN SUSAN
SAGGIONE | ||
1013 CENTRE
RD | ||
WILMINGTON DE
19805-1265 | ||
SAM CONSERVATIVE BALANCED PORT
(R4) |
14.91% |
PRINCIPAL TRUST
COMPANY |
FBO B&G AND AFFILIATES EXEC
RET PLAN | ||
ATTN SUSAN
SAGGIONE | ||
1013 CENTRE
RD | ||
WILMINGTON DE
19805-1265 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
SAM CONSERVATIVE BALANCED PORT
(R5) |
97.41% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM CONSERVATIVE GROWTH PORT
(A) |
13.75% |
J. P. MORGAN SECURITIES
LLC |
FBO EXCLUSIVE BENEFIT OF OUR
CUST | ||
4 CHASE METROTECH
CTR | ||
BROOKLYN NY
11245-0003 | ||
SAM CONSERVATIVE GROWTH PORT
(A) |
13.19% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
SAM CONSERVATIVE GROWTH PORT
(C) |
12.53% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
SAM CONSERVATIVE GROWTH PORT
(C) |
7.06% |
RAYMOND
JAMES |
OMNIBUS FOR MUTUAL
FUNDS | ||
HOUSE ACCT FIRM
92500015 | ||
ATTN: COURTNEY
WALLER | ||
880 CARILLON
PKWY | ||
ST PETERSBURG FL
33716-1102 | ||
SAM CONSERVATIVE GROWTH PORT
(C) |
6.76% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
SAM CONSERVATIVE GROWTH PORT
(C) |
6.55% |
LPL
FINANCIAL |
OMNIBUS CUSTOMER
ACCOUNT | ||
ATTN MUTUAL FUND
TRADING | ||
4707 EXECUTIVE
DR | ||
SAN DIEGO CA
92121-3091 | ||
SAM CONSERVATIVE GROWTH PORT
(I) |
89.06% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM CONSERVATIVE GROWTH PORT
(I) |
6.90% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
SAM CONSERVATIVE GROWTH PORT
(R1) |
96.62% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM CONSERVATIVE GROWTH PORT
(R2) |
99.24% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM CONSERVATIVE GROWTH PORT
(R3) |
94.47% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM CONSERVATIVE GROWTH PORT
(R4) |
72.64% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM CONSERVATIVE GROWTH PORT
(R4) |
11.80% |
MATRIX TRUST COMPANY
CUST |
FBO HSA BANK-
HS3 | ||
717 17TH ST STE
1300 | ||
DENVER CO
80202-3304 | ||
SAM CONSERVATIVE GROWTH PORT
(R4) |
8.50% |
MATRIX TRUST COMPANY CUST
FBO |
HSA BANK -
HS4 | ||
717 17TH ST STE
1300 | ||
DENVER CO
80202-3304 | ||
SAM CONSERVATIVE GROWTH PORT
(R5) |
96.82% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM FLEXIBLE INCOME PORTFOLIO
(A) |
23.79% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
SAM FLEXIBLE INCOME PORTFOLIO
(A) |
12.69% |
J. P. MORGAN SECURITIES
LLC |
FBO EXCLUSIVE BENEFIT OF OUR
CUST | ||
4 CHASE METROTECH
CTR | ||
BROOKLYN NY
11245-0003 | ||
SAM FLEXIBLE INCOME PORTFOLIO
(C) |
23.82% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
SAM FLEXIBLE INCOME PORTFOLIO
(C) |
6.70% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
SAM FLEXIBLE INCOME PORTFOLIO
(C) |
5.70% |
LPL
FINANCIAL |
OMNIBUS CUSTOMER
ACCOUNT | ||
ATTN MUTUAL FUND
TRADING | ||
4707 EXECUTIVE
DR | ||
SAN DIEGO CA
92121-3091 | ||
SAM FLEXIBLE INCOME PORTFOLIO
(I) |
72.51% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM FLEXIBLE INCOME PORTFOLIO
(I) |
10.30% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
SAM FLEXIBLE INCOME PORTFOLIO
(I) |
5.24% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM FLEXIBLE INCOME PORTFOLIO
(R1) |
50.73% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM FLEXIBLE INCOME PORTFOLIO
(R1) |
26.63% |
PRINCIPAL TRUST
COMPANY |
FBO MEUSER LAW OFFICE, P.A.
CASH | ||
BALANCE PLAN | ||
10925 VALLEY VIEW RD STE
202 | ||
EDEN PRAIRIE MN
55344-6003 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
SAM FLEXIBLE INCOME PORTFOLIO
(R1) |
10.48% |
PRINCIPAL TRUST
COMPANY |
FBO DEV MEDICAL ASSOCIATES SC
CASH | ||
BALANCE PENSION
PLAN | ||
5600 W ADDISON ST STE
400 | ||
CHICAGO IL
60634-4400 | ||
SAM FLEXIBLE INCOME PORTFOLIO
(R1) |
8.81% |
STIFEL NICOLAUS & CO
INC |
EXCLUSIVE BENEFIT OF
CUSTOMERS | ||
501 N
BROADWAY | ||
SAINT LOUIS MO
63102-2188 | ||
SAM FLEXIBLE INCOME PORTFOLIO
(R2) |
100.00% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM FLEXIBLE INCOME PORTFOLIO
(R3) |
81.88% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM FLEXIBLE INCOME PORTFOLIO
(R3) |
5.98% |
MID ATLANTIC TRUST COMPANY
FBO |
BUFFALO ULTRASOUND INC 401
K | ||
PROFIT SHARING PLAN &
TRUST | ||
1251 WATERFRONT PLACE SUITE
525 | ||
PITTSBURGH PA
15222-4228 | ||
SAM FLEXIBLE INCOME PORTFOLIO
(R4) |
64.66% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM FLEXIBLE INCOME PORTFOLIO
(R4) |
18.80% |
MATRIX TRUST COMPANY CUST
FBO |
HSA BANK -
HS4 | ||
717 17TH ST STE
1300 | ||
DENVER CO
80202-3304 | ||
SAM FLEXIBLE INCOME PORTFOLIO
(R4) |
10.67% |
MATRIX TRUST COMPANY
CUST |
FBO HSA BANK-
HS3 | ||
717 17TH ST STE
1300 | ||
DENVER CO
80202-3304 | ||
SAM FLEXIBLE INCOME PORTFOLIO
(R5) |
93.86% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
SAM STRATEGIC GROWTH PORTFOLIO
(A) |
12.64% |
J. P. MORGAN SECURITIES
LLC |
FBO EXCLUSIVE BENEFIT OF OUR
CUST | ||
4 CHASE METROTECH
CTR | ||
BROOKLYN NY
11245-0003 | ||
SAM STRATEGIC GROWTH PORTFOLIO
(A) |
10.72% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
SAM STRATEGIC GROWTH PORTFOLIO
(C) |
11.43% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
SAM STRATEGIC GROWTH PORTFOLIO
(C) |
8.04% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
SAM STRATEGIC GROWTH PORTFOLIO
(C) |
5.64% |
LPL
FINANCIAL |
OMNIBUS CUSTOMER
ACCOUNT | ||
ATTN MUTUAL FUND
TRADING | ||
4707 EXECUTIVE
DR | ||
SAN DIEGO CA
92121-3091 | ||
SAM STRATEGIC GROWTH PORTFOLIO
(C) |
5.48% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR THE EXCL BENE OF OUR
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
SAM STRATEGIC GROWTH PORTFOLIO
(I) |
88.79% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM STRATEGIC GROWTH PORTFOLIO
(I) |
7.13% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM STRATEGIC GROWTH PORTFOLIO
(R1) |
87.96% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
SAM STRATEGIC GROWTH PORTFOLIO
(R1) |
10.50% |
STIFEL NICOLAUS & CO
INC |
EXCLUSIVE BENEFIT OF
CUSTOMERS | ||
501 N
BROADWAY | ||
SAINT LOUIS MO
63102-2188 | ||
SAM STRATEGIC GROWTH PORTFOLIO
(R2) |
99.94% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM STRATEGIC GROWTH PORTFOLIO
(R3) |
94.17% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM STRATEGIC GROWTH PORTFOLIO
(R4) |
67.30% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SAM STRATEGIC GROWTH PORTFOLIO
(R4) |
17.82% |
MATRIX TRUST COMPANY CUST
FBO |
HSA BANK -
HS4 | ||
717 17TH ST STE
1300 | ||
DENVER CO
80202-3304 | ||
SAM STRATEGIC GROWTH PORTFOLIO
(R5) |
97.64% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 |
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
SHORT-TERM INCOME
(A) |
23.77% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
SHORT-TERM INCOME
(A) |
9.71% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
SHORT-TERM INCOME
(A) |
9.39% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR EAST 3RD
FL | ||
JACKSONVILLE FL
32246-6484 | ||
SHORT-TERM INCOME
(C) |
22.28% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
SHORT-TERM INCOME
(C) |
12.29% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
SHORT-TERM INCOME
(C) |
5.05% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
SHORT-TERM INCOME
(I) |
20.16% |
PRINCIPAL TRUST
COMPANY |
PRINCIPAL TRUST TARGET
DATE | ||
COLLECTIVE INVESTMENT
FUNDS | ||
1013 CENTRE RD STE
300 | ||
WILMINGTON DE
19805-1265 | ||
SHORT-TERM INCOME
(I) |
9.78% |
SAM FLEXIBLE INCOME PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SHORT-TERM INCOME
(I) |
8.97% |
SAM BALANCED PORTFOLIO
PIF |
ATTN MUTUAL FUND ACCOUNTING
-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SHORT-TERM INCOME
(I) |
8.54% |
LIFETIME 2020
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SHORT-TERM INCOME
(I) |
6.67% |
PRINCIPAL LIFE INSURANCE CO
CUST. |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SHORT-TERM INCOME
(I) |
5.58% |
SAM CONS BALANCED PORTFOLIO
PIF |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SHORT-TERM INCOME
(I) |
5.07% |
CHARLES SCHWAB & CO
INC |
SPECIAL CUSTODY ACCOUNT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMERS | ||
ATTN MUTUAL
FUNDS | ||
101 MONTGOMERY
ST | ||
SAN FRANCISCO CA
94104-4151 | ||
SHORT-TERM INCOME
(R1) |
74.09% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SHORT-TERM INCOME
(R1) |
11.73% |
PRINCIPAL TRUST
COMPANY |
FBO THINK SECURITY CONSULTING
LLC | ||
PENSION PLAN | ||
235 PARK VIEW
AVE | ||
PIEDMONT CA
94610-1041 | ||
SHORT-TERM INCOME
(R1) |
5.50% |
EWR, INC |
FBO EXEC RETIREMENT PLAN OF
EWR, INC | ||
ATTN JOSEPH
WYRICK | ||
6055 PRIMACY PKWY STE
100 | ||
MEMPHIS TN
38119-5514 | ||
SHORT-TERM INCOME
(R2) |
92.26% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SHORT-TERM INCOME
(R2) |
7.41% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
SHORT-TERM INCOME
(R3) |
77.36% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SHORT-TERM INCOME
(R3) |
5.42% |
PRINCIPAL TRUST
COMPANY |
FBO EXEC NQ EXCESS DEF OF
GAZETTE CO | ||
ATTN SUSAN
SAGGIONE | ||
1013 CENTRE
RD | ||
WILMINGTON DE
19805-1265 | ||
SHORT-TERM INCOME
(R4) |
70.84% |
WACHOVIA BANK NATIONAL
ASSOCIATION |
FBO DEF COMP PLAN OF CED INC
(PS D EF | ||
ATTN SHELLEY
ANDERSON | ||
ONE WEST FOURTH
STREET | ||
WINSTON SALEM NC
27101-3818 | ||
SHORT-TERM INCOME
(R4) |
16.37% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SHORT-TERM INCOME
(R5) |
31.23% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SHORT-TERM INCOME
(R5) |
18.17% |
NFS LLC FEBO |
BMO HARRIS BANK
NA | ||
FBO BANK 98 DLY
RCRDKPG | ||
480 PILGRIM WAY STE
1000 | ||
GREEN BAY WI
54304-5280 | ||
SHORT-TERM INCOME
(R5) |
12.19% |
CHURCHILL MORTGAGE
CORPORATION |
FBO CHURCHILL MORTGAGE
CORPORATION | ||
INCENTIVE BONUS
PLAN | ||
ATTN SHEREE
BARLETT | ||
761 OLD HICKORY BLVD STE
400 | ||
BRENTWOOD TN
37027-4519 | ||
SHORT-TERM INCOME
(R5) |
6.70% |
AMERICAN ENTERPRISE SERVICES
INC |
FBO AES SUPPLEMENTAL BENEFIT
PLAN | ||
ATTN PATRICIA
ANDERSON | ||
601 6TH AVE | ||
DES MOINES IA
50309-1605 | ||
SHORT-TERM INCOME
(R5) |
6.17% |
RELIANCE TRUST
CO |
FBO EXEC NQ DC OF FIDELITY
& GUARANTY LIFE HLDGS | ||
ATTN GLENDA
CRAIG | ||
1100 ABERNATHY RD STE
400 | ||
ATLANTA GA
30328-5634 | ||
SHORT-TERM INCOME
(R5) |
5.57% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS (401K) FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
SHORT-TERM INCOME
(T) |
100.00% |
PRINCIPAL GLOBAL INVESTORS
LLC |
ATTN SEAN CLINES
801-9A08 | ||
801 GRAND
AVE | ||
DES MOINES IA
50309-8000 | ||
SMALLCAP (A) |
9.41% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
SMALLCAP (A) |
7.17% |
J. P. MORGAN SECURITIES
LLC |
FBO EXCLUSIVE BENEFIT OF OUR
CUST | ||
4 CHASE METROTECH
CTR | ||
BROOKLYN NY
11245-0003 | ||
SMALLCAP (C) |
24.98% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
SMALLCAP (C) |
10.74% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
SMALLCAP (I) |
25.87% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF OUR
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
SMALLCAP (I) |
19.18% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP (I) |
7.51% |
LPL
FINANCIAL |
OMNIBUS CUSTOMER
ACCOUNT | ||
ATTN MUTUAL FUND
TRADING | ||
4707 EXECUTIVE
DR | ||
SAN DIEGO CA
92121-3091 | ||
SMALLCAP (I) |
6.75% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
SMALLCAP (I) |
5.50% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
2 | ||
JACKSONVILLE FL
32246-6484 | ||
SMALLCAP (R1) |
53.36% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP (R1) |
11.52% |
FIIOC |
FBO VRMC OF NEW YORK 401K
PLAN | ||
100 MAGELLAN WAY
(KW1C) | ||
COVINGTON KY
41015-1987 | ||
SMALLCAP (R1) |
11.02% |
STIFEL NICOLAUS & CO
INC |
EXCLUSIVE BENEFIT OF
CUSTOMERS | ||
501 N
BROADWAY | ||
SAINT LOUIS MO
63102-2188 | ||
SMALLCAP (R1) |
7.13% |
FIIOC |
FBO | ||
ASTRAL HEALTH & BEAUTY INC
PROFIT | ||
SHARING & 401K
PLAN | ||
100 MAGELLAN WAY
(KW1C) | ||
COVINGTON KY
41015-1987 | ||
SMALLCAP (R2) |
77.25% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
2 | ||
JACKSONVILLE FL
32246-6484 | ||
SMALLCAP (R2) |
19.61% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP (R3) |
20.76% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP (R3) |
9.45% |
FIIOC |
FBO EDUCATION CORPORATION OF
AMERICA | ||
401K PLAN | ||
100 MAGELLAN WAY
(KW1C) | ||
COVINGTON KY
41015-1987 | ||
SMALLCAP (R3) |
5.46% |
FIIOC |
FBO THE ROBERT ALLEN GROUP 401K
SAVINGS PLAN | ||
100 MAGELLAN WAY
(KW1C) | ||
COVINGTON KY
41015-1987 | ||
SMALLCAP (R3) |
5.04% |
FIIOC |
FBO WINTEC INDUSTRIES INC 401K
PLAN | ||
100 MAGELLAN WAY
(KW1C) | ||
COVINGTON KY
41015-1987 | ||
SMALLCAP (R4) |
74.38% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS (401K) FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
SMALLCAP (R4) |
15.90% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP (R5) |
43.33% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP (R5) |
26.61% |
NFS LLC FEBO |
FIIOC AS AGENT
FOR | ||
QUALIFIED EMPLOYEE
BENEFIT | ||
PLANS (401K) FINOPS-IC
FUNDS | ||
100 MAGELLAN WAY #
KW1C | ||
COVINGTON KY
41015-1987 | ||
SMALLCAP (R5) |
15.36% |
BANKERS TRUST
COMPANY |
FBO HUNTING US HOLDINGS NQ
PLAN | ||
ATTN DEBBIE
WILLIAMS | ||
453 7TH ST | ||
DES MOINES IA
50309-4110 | ||
SMALLCAP (R6) |
33.27% |
MAC & CO A/C
298116 |
ATTN MUTUAL FUND
OPERATIONS | ||
500 GRANT STREET ROOM
151-1010 | ||
PITTSBURGH PA
15219-2502 | ||
SMALLCAP (R6) |
26.40% |
DCGT AS TTEE AND/OR
CUST |
ATTN NPIO TRADE
DESK | ||
FBO THE WESLEYAN PENSION
FUND | ||
711 HIGH
STREET | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP (R6) |
16.64% |
PRINCIPAL
TRUST |
FOR HEALTH BENEFITS FOR EE'S
61000 | ||
ATTN STEPHANIE WATTS
711-4D79 | ||
PRINCIPAL FINANCIAL
GROUP | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP (R6) |
7.09% |
PRINCIPAL TRUST FOR LIFE
INS |
BENEFITS FOR EE'S
61006 | ||
ATTN STEPHANIE WATTS
711-4D79 | ||
PRINCIPAL FINANCIAL
GROUP | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP (R6) |
6.63% |
PRINCIPAL TRUST FOR MEDICARE
ELIGIB |
LE POST RETIREMENT MEDICAL
BENEFITS | ||
ATTN STEPHANIE WATTS
711-4D79 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP GROWTH I
(I) |
34.43% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP GROWTH I
(I) |
29.81% |
DCGT AS TTEE AND/OR
CUST |
FBO CHS CUSTOM TARGET DATE FUND
OF | ||
FUNDS SEP
ACCTS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP GROWTH I
(I) |
8.22% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
SMALLCAP GROWTH I
(I) |
7.72% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
SMALLCAP GROWTH I
(R1) |
95.09% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP GROWTH I
(R2) |
72.62% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP GROWTH I
(R2) |
8.48% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR EAST 3RD
FL | ||
JACKSONVILLE FL
32246-6484 | ||
SMALLCAP GROWTH I
(R2) |
5.86% |
ASCENSUS TRUST COMPANY
FBO |
CEILING SUPPLY INC 401K PS
PLAN | ||
11197 | ||
PO BOX 10758 | ||
FARGO ND
58106-0758 | ||
SMALLCAP GROWTH I
(R3) |
69.11% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP GROWTH I
(R3) |
10.65% |
TIAA, FSB CUST/TTEE
FBO: |
RETIREMENT PLANS FOR
WHICH | ||
TIAA ACTS AS
RECORDKEEPER | ||
ATTN: TRUST
OPERATIONS | ||
211 N BROADWAY STE
1000 | ||
SAINT LOUIS MO
63102-2748 | ||
SMALLCAP GROWTH I
(R4) |
81.28% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP GROWTH I
(R4) |
5.75% |
STATE STREET BANK AND TRUST
COMPANY |
TAYNIK &
CO | ||
MUTUAL FUND
COMPLIANCE | ||
1200 CROWN COLONY
DR | ||
QUINCY MA
02169-0938 | ||
SMALLCAP GROWTH I
(R5) |
83.38% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP GROWTH I
(R6) |
64.58% |
PRINCIPAL LIFE INSURANCE CO
CUST |
FBO PRINCIPAL FINANCIAL
GROUP | ||
OMNIBUS
WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP GROWTH I
(R6) |
8.65% |
LIFETIME 2030
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP GROWTH I
(R6) |
7.59% |
LIFETIME 2040
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP GROWTH I
(R6) |
5.52% |
LIFETIME 2020
FUND |
ATTN MUTUAL FUND ACCOUNTING
H-221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP S&P 600 INDEX
(I) |
43.65% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS | ||
OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP S&P 600 INDEX
(I) |
12.52% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
SMALLCAP S&P 600 INDEX
(I) |
8.19% |
NATIONAL FINANCIAL SERVICES
LLC |
FOR EXCLUSIVE BENEFIT OF OUR
CUSTOMERS | ||
499 WASHINGTON
BLVD | ||
ATTN MUTUAL FUNDS DEPT 4TH
FL | ||
JERSEY CITY NJ
07310-1995 | ||
SMALLCAP S&P 600 INDEX
(R1) |
36.20% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP S&P 600 INDEX
(R2) |
51.45% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP S&P 600 INDEX
(R2) |
17.32% |
STATE STREET BANK AND TRUST
COMPANY |
TAYNIK &
CO | ||
MUTUAL FUND
COMPLIANCE | ||
1200 CROWN COLONY
DR | ||
QUINCY MA
02169-0938 | ||
SMALLCAP S&P 600 INDEX
(R2) |
5.29% |
JOHN HANCOCK TRUST COMPANY
LLC |
690 CANTON ST STE
100 | ||
WESTWOOD MA
02090-2324 | ||
SMALLCAP S&P 600 INDEX
(R3) |
48.41% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP S&P 600 INDEX
(R4) |
69.96% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP S&P 600 INDEX
(R5) |
64.11% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP S&P 600 INDEX
(R6) |
63.69% |
DIVERSIFIED GROWTH
ACCOUNT |
ATTN MUTUAL FUND ACCOUNTING
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP S&P 600 INDEX
(R6) |
15.48% |
DIVERSIFIED BALANCED
ACCOUNT |
ATTN MUTUAL FUND ACCOUNTING
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP S&P 600 INDEX
(R6) |
5.70% |
DIVERSIFIED GROWTH
MANAGED |
VOLATILITY
ACCOUNT | ||
ATTN MUTUAL FUND ACCOUNTING
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 |
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
SMALLCAP VALUE II
(A) |
27.96% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
SMALLCAP VALUE II
(I) |
25.41% |
DCGT AS TTEE AND/OR
CUST |
FBO CHS CUSTOM TARGET DATE FUND
OF | ||
FUNDS SEP
ACCTS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP VALUE II
(I) |
15.57% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP VALUE II
(I) |
12.63% |
PIMS/PRUDENTIAL
RETIREMENT |
AS NOMINEE FOR THE TTEE/CUST PL
767 | ||
BT U.S. RETIREMENT SAVINGS
PLAN | ||
8951 CYPRESS WATERS
BLVD | ||
SUITE 200 | ||
DALLAS TX
75018 | ||
SMALLCAP VALUE II
(I) |
12.56% |
PIMS/PRUDENTIAL
RETIREMENT |
AS NOMINEE FOR THE TTEE/CUST PL
763 | ||
ESSILOR OF AMERICA
RETIREMENT | ||
13515 N STEMMONS
FWY | ||
DALLAS TX
75234-5765 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
SMALLCAP VALUE II
(I) |
6.80% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
SMALLCAP VALUE II
(R1) |
94.61% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP VALUE II
(R2) |
70.46% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP VALUE II
(R2) |
24.41% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
2 | ||
JACKSONVILLE FL
32246-6484 | ||
SMALLCAP VALUE II
(R3) |
73.97% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP VALUE II
(R3) |
7.57% |
STATE STREET BANK AND TRUST
COMPANY |
TAYNIK &
CO | ||
MUTUAL FUND
COMPLIANCE | ||
1200 CROWN COLONY
DR | ||
QUINCY MA
02169-0938 | ||
SMALLCAP VALUE II
(R3) |
6.71% |
PIMS/PRUDENTIAL
RETIREMENT |
AS NOMINEE FOR THE TTEE/CUST PL
820 | ||
FUNAI CORPORATION
INC | ||
19900 VAN NESS
AVE | ||
TORRANCE CA
90501-1143 | ||
SMALLCAP VALUE II
(R4) |
89.78% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP VALUE II
(R5) |
85.55% |
DCGT AS TTEE AND/OR
CUST |
FBO PLIC VARIOUS RETIREMENT
PLANS OMNIBUS | ||
ATTN NPIO TRADE
DESK | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
SMALLCAP VALUE II
(R6) |
54.03% |
PRINCIPAL LIFE INSURANCE CO
CUST |
FBO PRINCIPAL FINANCIAL GROUP
OMNIBUS WRAPPED | ||
ATTN INDIVIDUAL LIFE
ACCOUNTING | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP VALUE II
(R6) |
11.12% |
LIFETIME 2030
FUND |
ATTN MUTUAL FUND ACCOUNTING-
H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP VALUE II
(R6) |
9.77% |
LIFETIME 2040
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP VALUE II
(R6) |
7.10% |
LIFETIME 2020
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
SMALLCAP VALUE II
(R6) |
5.76% |
LIFETIME 2050
FUND |
ATTN MUTUAL FUND
ACCOUNTING-H221 | ||
711 HIGH ST | ||
DES MOINES IA
50392-0001 | ||
TAX-EXEMPT BOND
(A) |
14.00% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
TAX-EXEMPT BOND
(A) |
11.85% |
J. P. MORGAN SECURITIES
LLC |
FBO EXCLUSIVE BENEFIT OF OUR
CUST | ||
4 CHASE METROTECH
CTR | ||
BROOKLYN NY
11245-0003 | ||
TAX-EXEMPT BOND
(A) |
10.41% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
TAX-EXEMPT BOND
(A) |
5.61% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
TAX-EXEMPT BOND
(C) |
20.97% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
Fund/Class |
Percent of Ownership |
Name and
Address of Owner |
TAX-EXEMPT BOND
(C) |
14.51% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
3 | ||
JACKSONVILLE FL
32246-6484 | ||
TAX-EXEMPT BOND
(C) |
12.61% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
TAX-EXEMPT BOND
(C) |
7.77% |
UBS WM USA |
0O0 11011
6100 | ||
OMNI ACCOUNT
M/F | ||
SPEC CDY A/C EBOC
UBSFSI | ||
1000 HARBOR
BLVD | ||
WEEHAWKEN NJ
07086-6761 | ||
TAX-EXEMPT BOND
(C) |
7.51% |
RAYMOND
JAMES |
OMNIBUS FOR MUTUAL
FUNDS | ||
HOUSE ACCT FIRM
92500015 | ||
ATTN: COURTNEY
WALLER | ||
880 CARILLON
PKWY | ||
ST PETERSBURG FL
33716-1102 | ||
TAX-EXEMPT BOND
(I) |
22.90% |
WELLS FARGO CLEARING SERVICES
LLC |
SPECIAL CUSTODY ACCT FOR
THE | ||
EXCLUSIVE BENEFIT OF
CUSTOMER | ||
2801 MARKET
ST | ||
SAINT LOUIS MO
63103-2523 | ||
TAX-EXEMPT BOND
(I) |
17.44% |
PERSHING LLC |
1 PERSHING
PLZ | ||
JERSEY CITY NJ
07399-0001 | ||
TAX-EXEMPT BOND
(I) |
16.46% |
UBS WM USA |
0O0 11011
6100 | ||
OMNI ACCOUNT
M/F | ||
SPEC CDY A/C EBOC
UBSFSI | ||
1000 HARBOR
BLVD | ||
WEEHAWKEN NJ
07086-6761 | ||
TAX-EXEMPT BOND
(I) |
13.04% |
MLPF&S FOR THE
SOLE |
BENEFIT OF ITS
CUSTOMERS | ||
ATTN FUND
ADMINISTRATION | ||
4800 DEER LAKE DR E FL
2 | ||
JACKSONVILLE FL
32246-6484 |
Other
Accounts Managed | ||||
Total
Number
of
Accounts |
Total
Assets
in
the
Accounts |
Number
of
Accounts
that
base
the
Advisory
Fee
on
Performance |
Total
Assets
of
the
Accounts
that
base
the
Advisory
Fee
on
Performance | |
Charles D.
Averill: SAM
Balanced, SAM Conservative Balanced, SAM Conservative Growth, SAM Flexible
Income and SAM Strategic Growth Portfolios |
||||
Registered investment
companies |
6 |
$1.9 billion |
0 |
$0 |
Other pooled investment
vehicles |
0 |
$0 |
0 |
$0 |
Other accounts |
1 |
$272.0 million |
0 |
$0 |
Daniel R.
Coleman: Equity
Income and Principal Capital Appreciation Funds |
||||
Registered investment
companies |
4 |
$2.3 billion |
0 |
$0 |
Other pooled investment
vehicles |
2 |
$103.3 million |
0 |
$0 |
Other accounts |
3 |
$1.5 billion |
0 |
$0 |
John R.
Friedl: Government
& High Quality Bond, Income, and Short-Term Income
Funds |
||||
Registered investment
companies |
3 |
$668.3 million |
0 |
$0 |
Other pooled investment
vehicles |
2 |
$832.5 million |
0 |
$0 |
Other accounts |
0 |
$0 |
0 |
$0 |
Todd A.
Jablonski: SAM
Balanced, SAM Conservative Balanced, SAM Conservative Growth, SAM Flexible
Income and SAM Strategic Growth Portfolios |
||||
Registered investment
companies |
6 |
$1.9 billion |
0 |
$0 |
Other pooled investment
vehicles |
0 |
$0 |
0 |
$0 |
Other accounts |
1 |
$272.0 million |
0 |
$0 |
Theodore
Jayne: Principal
Capital Appreciation Fund |
||||
Registered investment
companies |
2 |
$150.5 million |
0 |
$0 |
Other pooled investment
vehicles |
0 |
$0 |
0 |
$0 |
Other accounts |
0 |
$0 |
0 |
$0 |
Ryan P.
McCann: Government
& High Quality Bond, Income, and Short-Term Income
Funds |
||||
Registered investment
companies |
3 |
$668.3 million |
0 |
$0 |
Other pooled investment
vehicles |
2 |
$832.5 million |
0 |
$0 |
Other accounts |
0 |
$0 |
0 |
$0 |
Other
Accounts Managed | ||||
Total
Number
of
Accounts |
Total
Assets
in
the
Accounts |
Number
of
Accounts
that
base
the
Advisory
Fee
on
Performance |
Total
Assets
of
the
Accounts
that
base
the
Advisory
Fee
on
Performance | |
Scott J.
Peterson: Government & High
Quality Bond, Income, and Short-Term Income Funds |
||||
Registered investment
companies |
3 |
$668.3 million |
0 |
$0 |
Other pooled investment
vehicles |
2 |
$832.5 million |
0 |
$0 |
Other accounts |
1 |
$53.2 million |
0 |
$0 |
David W.
Simpson: Equity
Income Fund |
||||
Registered investment
companies |
2 |
$2.1 billion |
0 |
$0 |
Other pooled investment
vehicles |
2 |
$103.3 million |
0 |
$0 |
Other accounts |
3 |
$1.5 billion |
0 |
$0 |
Gregory L.
Tornga: SAM
Balanced, SAM Conservative Balanced, SAM Conservative Growth, SAM Flexible
Income and SAM Strategic Growth Portfolios* |
||||
Registered investment
companies |
5 |
$1.7 billion |
0 |
$0 |
Other pooled investment
vehicles |
0 |
$0 |
0 |
$0 |
Other accounts |
2 |
$3.2 million |
0 |
$0 |
Nedret
Vidinli: Equity
Income Fund |
||||
Registered investment
companies |
0 |
$0 |
0 |
$0 |
Other pooled investment
vehicles |
0 |
$0 |
0 |
$0 |
Other accounts |
1 |
$30.2 million |
0 |
$0 |
Portfolio
Manager |
PFI Funds
Managed by Portfolio Manager |
Dollar Range
of Securities Owned by the Portfolio Manager |
Charles D.
Averill |
SAM Balanced |
$50,001 -
$100,000 |
Charles D.
Averill |
SAM Conservative
Balanced |
None |
Charles D.
Averill |
SAM Conservative Growth
|
$100,001 -
$500,000 |
Charles D.
Averill |
SAM Flexible
Income |
$100,001 -
$500,000 |
Charles D.
Averill |
SAM Strategic Growth
|
over
$1,000,000 |
Daniel R.
Coleman |
Equity Income |
over
$1,000,000 |
Daniel R.
Coleman |
Principal Capital Appreciation
|
$100,001 -
$500,000 |
John R. Friedl |
Government & High Quality
Bond |
None |
John R. Friedl |
Income |
$100,001 -
$500,000 |
John R. Friedl |
Short-Term Income
|
None |
Todd A.
Jablonski |
SAM Balanced |
$100,001 -
$500,000 |
Todd A.
Jablonski |
SAM Conservative Balanced
|
None |
Todd A.
Jablonski |
SAM Conservative
Growth |
None |
Todd A.
Jablonski |
SAM Flexible Income
|
None |
Todd A.
Jablonski |
SAM Strategic Growth
|
None |
Theodore Jayne |
Principal Capital
Appreciation |
$50,001 -
$100,000 |
Ryan P. McCann |
Government & High Quality
Bond |
$100,001 - $500,000
* |
Ryan P. McCann |
Income |
None |
Ryan P. McCann |
Short-Term Income
|
None |
Scott J.
Peterson |
Government & High Quality
Bond |
None |
Scott J.
Peterson |
Income |
None |
Scott J.
Peterson |
Short-Term Income
|
$100,001 -
$500,000 |
David W.
Simpson |
Equity Income |
$500,001 -
$1,000,000 |
Gregory L.
Tornga** |
SAM Balanced |
None |
Gregory L.
Tornga** |
SAM Conservative Balanced
|
None |
Gregory L.
Tornga** |
SAM Conservative Growth
|
None |
Gregory L.
Tornga** |
SAM Flexible Income
|
$10,001 -
$50,000 |
Gregory L.
Tornga** |
SAM Strategic Growth
|
$10,001 -
$50,000 |
Nedret Vidinli |
Equity Income |
$100,001 -
$500,000 |
Other
Accounts Managed | |||||||||
Total
Number
of
Accounts |
Total
Assets
in
the
Accounts |
Number
of
Accounts
that
base
the
Advisory
Fee
on
Performance |
Total
Assets
of
the
Accounts
that
base
the
Advisory
Fee
on
Performance | ||||||
Paul H.
Blankenhagen: Diversified International
Fund |
|||||||||
Registered investment
companies |
3 |
|
$957.7 million |
|
0 |
|
$0 |
| |
Other pooled investment
vehicles |
7 |
|
$3.3 billion |
|
0 |
|
$0 |
| |
Other accounts |
5 |
|
$583.2 million |
|
1 |
$162.6 million |
| ||
Juliet Cohn:
Diversified
International Fund |
|||||||||
Registered investment
companies |
3 |
|
$957.7 million |
|
0 |
|
$0 |
| |
Other pooled investment
vehicles |
7 |
|
$3.3 billion |
|
0 |
|
$0 |
| |
Other accounts |
5 |
|
$583.2 million |
|
1 |
$162.6 million |
| ||
Mihail
Dobrinov: International Emerging Markets
Fund |
|||||||||
Registered investment
companies |
1 |
|
$91.8 million |
|
0 |
|
$0 |
| |
Other pooled investment
vehicles |
4 |
|
$838.8 million |
|
0 |
|
$0 |
| |
Other accounts |
5 |
|
$1.3 billion |
|
1 |
$144.9 million |
| ||
Joel
Fortney: LargeCap
Value Fund |
|||||||||
Registered investment
companies |
2 |
|
$638.8 million |
|
0 |
|
$0 |
| |
Other pooled investment
vehicles |
6 |
|
$1.2 billion |
|
0 |
|
$0 |
| |
Other accounts |
1 |
|
$40.8 million |
|
0 |
|
$0 |
| |
Christopher
Ibach: LargeCap
Value Fund |
|||||||||
Registered investment
companies |
5 |
|
$2.8 billion |
|
0 |
|
$0 |
| |
Other pooled investment
vehicles |
14 |
|
$2.9 billion |
|
0 |
|
$0 |
| |
Other accounts |
6 |
|
$1.1 billion |
|
1 |
$195.5 million |
| ||
Thomas L.
Kruchten: LargeCap S&P 500
Index, MidCap S&P 400 Index, and SmallCap S&P 600 Index
Funds |
|||||||||
Registered investment
companies |
13 |
|
$5.9 billion |
|
0 |
|
$0 |
| |
Other pooled investment
vehicles |
4 |
|
$26.7 billion |
|
0 |
|
$0 |
| |
Other accounts |
0 |
|
|
$0 |
|
0 |
|
$0 |
|
K. William
Nolin: MidCap
Fund |
|||||||||
Registered investment
companies |
2 |
|
$1.9 billion |
|
0 |
|
$0 |
| |
Other pooled investment
vehicles |
11 |
|
$2.8 billion |
|
0 |
|
$0 |
| |
Other accounts |
8 |
|
$195.3 million |
|
0 |
|
$0 |
| |
Phil
Nordhus: SmallCap
Fund |
|||||||||
Registered investment
companies |
1 |
|
$193.7 million |
|
0 |
|
$0 |
| |
Other pooled investment
vehicles |
6 |
|
$910.5 million |
|
0 |
|
$0 |
| |
Other accounts |
1 |
|
$344.2 million |
|
0 |
|
$0 |
| |
Brian W.
Pattinson: SmallCap Fund |
|||||||||
Registered investment
companies |
3 |
|
$438.2 million |
|
0 |
|
$0 |
| |
Other pooled investment
vehicles |
8 |
|
$1.9 billion |
|
0 |
|
$0 |
| |
Other accounts |
3 |
|
$910.4 million |
|
1 |
$136.5 million |
|
Other
Accounts Managed | |||||||||
Total
Number
of
Accounts |
Total
Assets
in
the
Accounts |
Number
of
Accounts
that
base
the
Advisory
Fee
on
Performance |
Total
Assets
of
the
Accounts
that
base
the
Advisory
Fee
on
Performance | ||||||
Tom
Rozycki: MidCap
Fund |
|||||||||
Registered investment
companies |
2 |
|
$1.9 billion |
|
0 |
|
$0 |
| |
Other pooled investment
vehicles |
11 |
|
$2.8 billion |
|
0 |
|
$0 |
| |
Other accounts |
8 |
|
$195.3 million |
|
0 |
|
$0 |
| |
Jeffrey A.
Schwarte: LargeCap
S&P 500
Index, MidCap S&P 400
Index, and
SmallCap S&P 600 Index
Funds |
|||||||||
Registered investment
companies |
20 |
|
$6.2 million |
|
0 |
|
$0 |
| |
Other pooled investment
vehicles |
6 |
|
$26.8 billion |
|
0 |
|
$0 |
| |
Other accounts |
2 |
|
$94.4 million |
|
0 |
|
$0 |
| |
Alan Wang:
International
Emerging Markets Fund |
|||||||||
Registered investment
companies |
1 |
|
$91.8 million |
|
0 |
|
$0 |
| |
Other pooled investment
vehicles |
4 |
|
$838.8 million |
|
0 |
|
$0 |
| |
Other accounts |
5 |
|
$1.3 billion |
|
1 |
$144.9 million |
| ||
Mohammed
Zaidi: International Emerging Markets
Fund |
|||||||||
Registered investment
companies |
1 |
|
$91.8 million |
|
0 |
|
$0 |
| |
Other pooled investment
vehicles |
5 |
|
$817.5 million |
|
0 |
|
$0 |
| |
Other accounts |
4 |
|
$1.2 billion |
|
1 |
$144.9 million |
|
Portfolio
Manager |
PFI Funds
Managed by Portfolio Manager |
Dollar Range
of Securities
Owned by the
Portfolio Manager |
Paul H.
Blankenhagen |
Diversified
International |
$100,001 -
$500,000 |
Juliet Cohn |
Diversified
International |
None |
Mihail Dobrinov |
International Emerging
Markets |
None |
Joel Fortney |
LargeCap Value |
None |
Christopher
Ibach |
LargeCap Value |
None |
Thomas L.
Kruchten |
LargeCap S&P 500
Index |
None |
Thomas L.
Kruchten |
MidCap S&P 400
Index |
None |
Thomas L.
Kruchten |
SmallCap S&P 600
Index |
None |
K. William
Nolin |
MidCap |
$500,001 -
$1,000,000 |
Phil Nordhus |
SmallCap |
$50,001 -
$100,000 |
Brian Pattinson |
SmallCap |
$100,001 -
$500,000 |
Tom Rozycki |
MidCap |
None |
Jeffrey A.
Schwarte |
LargeCap S&P 500
Index |
None |
Jeffrey A.
Schwarte |
MidCap S&P 400
Index |
None |
Jeffrey A.
Schwarte |
SmallCap S&P 600
Index |
None |
Alan Wang |
International Emerging
Markets |
None |
Mohammed Zaidi |
International Emerging
Markets |
None |
* Information as of June 30,
2016. |
Other
Accounts Managed | |||||||
Total
Number
of
Accounts |
Total
Assets
in
the
Accounts |
Number
of
Accounts
that
base
the
Advisory
Fee
on
Performance |
Total
Assets
of
the
Accounts
that
base
the
Advisory
Fee
on
Performance | ||||
William C.
Armstrong: Core
Plus Bond Fund |
|||||||
Registered investment
companies |
1 |
|
$303.9 million |
0 |
|
$0 |
|
Other pooled investment
vehicles |
10 |
|
$7.5 billion |
0 |
|
$0 |
|
Other accounts |
12 |
|
$4.5 billion |
2 |
$1.2 billion |
| |
Mark P.
Denkinger: High
Yield Fund |
|||||||
Registered investment
companies |
2 |
|
$1.1 billion |
0 |
|
$0 |
|
Other pooled investment
vehicles |
14 |
|
$666.5 million |
1 |
$5.5 million |
| |
Other accounts |
3 |
|
$1.6 billion |
0 |
|
$0 |
|
Erika
Isley*: Government
Money Market and Money Market Funds |
|||||||
Registered investment
companies |
|||||||
Other pooled investment
vehicles |
|||||||
Other accounts |
Other
Accounts Managed | |||||||
Total
Number
of
Accounts |
Total
Assets
in
the
Accounts |
Number
of
Accounts
that
base
the
Advisory
Fee
on
Performance |
Total
Assets
of
the
Accounts
that
base
the
Advisory
Fee
on
Performance | ||||
James
Noble: California Municipal and
Tax-Exempt Bond Funds |
|||||||
Registered investment
companies |
1 |
|
$144.7 million |
0 |
|
$0 |
|
Other pooled investment
vehicles |
0 |
|
$0 |
0 |
|
$0 |
|
Other accounts |
1 |
|
$39.5 million |
0 |
|
$0 |
|
Tina
Paris - Core
Plus Bond Fund |
|||||||
Registered investment
companies |
2 |
|
$374.8 million |
0 |
|
$0 |
|
Other pooled investment
vehicles |
12 |
|
$7.5 billion |
0 |
|
$0 |
|
Other accounts |
14 |
|
$4.7 billion |
2 |
$1.2 billion |
| |
Josh
Rank - High
Yield Fund |
|||||||
Registered investment
companies |
2 |
|
$1.1 billion |
0 |
|
$0 |
|
Other pooled investment
vehicles |
14 |
|
$666.5 million |
1 |
$5.5 million |
| |
Other accounts |
3 |
|
$1.6 billion |
0 |
|
$0 |
|
Tracy Reeg*:
Government Money
Market and Money Market Funds |
|||||||
Registered investment
companies |
|||||||
Other pooled investment
vehicles |
|||||||
Other accounts |
|||||||
Darrin E.
Smith: High Yield
Fund |
|||||||
Registered investment
companies |
2 |
|
$1.1 billion |
0 |
|
$0 |
|
Other pooled investment
vehicles |
14 |
|
$666.5 million |
1 |
$5.5 million |
| |
Other accounts |
3 |
|
$1.6 billion |
0 |
|
$0 |
|
Timothy R.
Warrick: Core Plus
Bond Fund |
|||||||
Registered investment
companies |
2 |
|
$374.8 million |
0 |
|
$0 |
|
Other pooled investment
vehicles |
19 |
|
$9.8 billion |
0 |
|
$0 |
|
Other accounts |
35 |
|
$18.6 billion |
3 |
$1.4 billion |
| |
James Welch:
California
Municipal and Tax-Exempt Bond Funds |
|||||||
Registered investment
companies |
1 |
|
$144.7 million |
0 |
|
$0 |
|
Other pooled investment
vehicles |
0 |
|
$0 |
0 |
|
$0 |
|
Other accounts |
1 |
|
$39.5 million |
0 |
|
$0 |
|
Portfolio
Manager |
PFI Funds
Managed by Portfolio Manager |
Dollar Range
of Securities Owned by the Portfolio Manager |
William C.
Armstrong |
Core Plus Bond |
None |
Mark P.
Denkinger |
High Yield |
$500,001 -
$1,000,000 |
Erika Isley* |
Government Money
Market |
None |
Erika Isley* |
Money Market |
None |
James Noble |
California
Municipal |
None |
James Noble |
Tax-Exempt Bond |
$10,001 -
$50,000 |
Tina Paris |
Core Plus Bond |
None |
Josh Rank |
High Yield |
$500,001 -
$1,000,000 |
Tracy Reeg* |
Government Money
Market |
None |
Tracy Reeg* |
Money Market |
$1 - $10,000 |
Darrin E. Smith |
High Yield |
$50,001 -
$100,000 |
Timothy R.
Warrick |
Core Plus Bond |
None |
James Welch |
California
Municipal |
None |
James Welch |
Tax-Exempt Bond |
$50,001 -
$100,000 |
Other
Accounts Managed | ||||||
Total
Number
of
Accounts |
Total
Assets
in
the
Accounts |
Number
of
Accounts
that
base
the
Advisory
Fee
on
Performance |
Total
Assets
of
the
Accounts
that
base
the
Advisory
Fee
on
Performance | |||
Mathew
Annenberg:
Principal LifeTime
Strategic Income, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050,
2055, 2060 and 2065 Funds |
||||||
Registered investment
companies |
7 |
$457.3 million |
|
0 |
$0 | |
Other pooled investment
vehicles |
6 |
$843.7 million |
|
0 |
$0 | |
Other accounts |
0 |
|
$0 |
|
0 |
$0 |
Portfolio
Manager |
PFI Funds
Managed by Portfolio Manager |
Dollar Range
of Securities Owned by the Portfolio Manager |
Mathew
Annenberg |
Principal LifeTime Strategic
Income |
None |
Mathew
Annenberg |
Principal LifeTime
2010 |
None |
Mathew
Annenberg |
Principal LifeTime
2015 |
None |
Mathew
Annenberg |
Principal LifeTime
2020 |
None |
Mathew
Annenberg |
Principal LifeTime
2025 |
None |
Mathew
Annenberg |
Principal LifeTime
2030 |
$10,001 -
$50,000 |
Mathew
Annenberg |
Principal LifeTime
2035 |
None |
Mathew
Annenberg |
Principal LifeTime
2040 |
None |
Mathew
Annenberg |
Principal LifeTime
2045 |
None |
Mathew
Annenberg |
Principal LifeTime
2050 |
None |
Mathew
Annenberg |
Principal LifeTime
2055 |
None |
Mathew
Annenberg |
Principal LifeTime
2060 |
None |
Mathew
Annenberg |
Principal LifeTime
2065 |
None |
Other
Accounts Managed | ||||
Total
Number
of
Accounts |
Total
Assets
in
the
Accounts |
Number
of
Accounts
that
base
the
Advisory
Fee
on
Performance |
Total
Assets
of
the
Accounts
that
base
the
Advisory
Fee
on
Performance | |
Jake S.
Anonson: Global Diversified Income
Fund |
||||
Registered investment
companies |
3 |
$6.9 billion |
0 |
$0 |
Other pooled investment
vehicles |
1 |
$1.2 billion |
0 |
$0 |
Other accounts |
0 |
$0 |
0 |
$0 |
Jessica S.
Bush: Global
Diversified Income Fund |
||||
Registered investment
companies |
3 |
$6.9 billion |
0 |
$0 |
Other pooled investment
vehicles |
1 |
$1.2 billion |
0 |
$0 |
Other accounts |
0 |
$0 |
0 |
$0 |
Marcus W.
Dummer: Global Diversified Income
Fund |
||||
Registered investment
companies |
3 |
$6.9 billion |
0 |
$0 |
Other pooled investment
vehicles |
1 |
$1.2 billion |
0 |
$0 |
Other accounts |
0 |
$0 |
0 |
$0 |
James W.
Fennessey: High Yield I**, LargeCap
Growth I; LargeCap Growth II; LargeCap Value III; MidCap Growth III;
MidCap Value I; MidCap Value III; Overseas; Principal LifeTime Strategic
Income, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060
and 2065; Principal LifeTime Hybrid Income, 2015, 2020, 2025, 2030, 2035,
2040, 2045, 2050, 2055, 2060 and 2065; SmallCap Growth I; and SmallCap
Value II Funds |
||||
Registered investment
companies |
15 |
$6.6 billion |
0 |
$0 |
Other pooled investment
vehicles |
54 |
$35.6 billion |
0 |
$0 |
Other accounts |
0 |
$0 |
0 |
$0 |
Kelly
Grossman: Global
Diversified Income Fund |
||||
Registered investment
companies |
2 |
$6.5 billion |
0 |
$0 |
Other pooled investment
vehicles |
1 |
$1.2 billion |
0 |
$0 |
Other accounts |
0 |
$0 |
0 |
$0 |
Benjamin E.
Rotenberg: Global Diversified Income
Fund |
||||
Registered investment
companies |
3 |
$6.9 billion |
0 |
$0 |
Other pooled investment
vehicles |
1 |
$1.2 billion |
0 |
$0 |
Other accounts |
0 |
$0 |
0 |
$0 |
Scott
Smith*: Principal LifeTime Strategic
Income, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060
and 2065; and Principal LifeTime Hybrid Income, 2015, 2020, 2025, 2030,
2035, 2040, 2045, 2050, 2055, 2060 and 2065 Funds |
||||
Registered investment
companies |
9 |
$517.0 million |
0 |
$0 |
Other pooled investment
vehicles |
19 |
$26.9 billion |
0 |
$0 |
Other accounts |
6 |
$960.6 million |
0 |
$0 |
Other
Accounts Managed | ||||
Total
Number
of
Accounts |
Total
Assets
in
the
Accounts |
Number
of
Accounts
that
base
the
Advisory
Fee
on
Performance |
Total
Assets
of
the
Accounts
that
base
the
Advisory
Fee
on
Performance | |
Jeffrey R.
Tyler***:
Principal LifeTime Strategic Income, 2010, 2015, 2020, 2025, 2030, 2035,
2040, 2045, 2050, 2055, 2060 and 2065; and Principal LifeTime Hybrid
Income, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060 and
2065 Funds |
||||
Registered investment
companies |
7 |
$457.4 million |
0 |
$0 |
Other pooled investment
vehicles |
41 |
$26.1 billion |
0 |
$0 |
Other accounts |
0 |
$0 |
0 |
$0 |
Randy L.
Welch: High Yield
I**, LargeCap Growth I; LargeCap Growth II; LargeCap Value III; MidCap
Growth III; MidCap Value I; MidCap Value III; Overseas; Principal LifeTime
Strategic Income, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050,
2055, 2060 and 2065; Principal LifeTime Hybrid Income, 2015, 2020, 2025,
2030, 2035, 2040, 2045, 2050, 2055, 2060 and 2065; SmallCap Growth I; and
SmallCap Value II Funds |
||||
Registered investment
companies |
15 |
$6.6 billion |
0 |
$0 |
Other pooled investment
vehicles |
54 |
$35.6 billion |
0 |
$0 |
Other accounts |
0 |
$0 |
0 |
$0 |
* Information as of March 31,
2017. |
||||
** Information as of July 31,
2017. |
||||
*** Effective March 2018,
remove Jeffrey R. Tyler. |
Portfolio
Manager |
PFI Funds
Managed by Portfolio Manager |
Dollar Range
of Securities Owned by the Portfolio Manager |
Jake S.
Anonson |
Global Diversified
Income |
$100,001 -
$500,000 |
Jessica S.
Bush |
Global Diversified
Income |
$10,001 -
$50,000 |
Marcus W.
Dummer |
Global Diversified
Income |
$10,001 -
$50,000 |
James W.
Fennessey** |
High Yield I |
None |
James W.
Fennessey |
LargeCap Growth
I |
None |
James W.
Fennessey |
LargeCap Growth
II |
None |
James W.
Fennessey |
LargeCap Value
III |
None |
James W.
Fennessey |
MidCap Growth
III |
None |
James W.
Fennessey |
MidCap Value
I |
None |
James W.
Fennessey |
MidCap Value
III |
None |
James W.
Fennessey |
Overseas |
None |
James W.
Fennessey |
Principal LifeTime Strategic
Income |
None |
James W.
Fennessey |
Principal LifeTime
2010 |
None |
James W.
Fennessey |
Principal LifeTime
2015 |
None |
James W.
Fennessey |
Principal LifeTime
2020 |
None |
James W.
Fennessey |
Principal LifeTime
2025 |
None |
James W.
Fennessey |
Principal LifeTime
2030 |
None |
James W.
Fennessey |
Principal LifeTime
2035 |
None |
James W.
Fennessey |
Principal LifeTime
2040 |
$10,001 -
$50,000 |
James W.
Fennessey |
Principal LifeTime
2045 |
None |
James W.
Fennessey |
Principal LifeTime
2050 |
None |
James W.
Fennessey |
Principal LifeTime
2055 |
None |
James W.
Fennessey |
Principal LifeTime
2060 |
None |
James W.
Fennessey |
Principal LifeTime
2065 |
None |
James W.
Fennessey |
Principal LifeTime Hybrid
Income |
None |
James W.
Fennessey |
Principal LifeTime Hybrid
2015 |
None |
James W.
Fennessey |
Principal LifeTime Hybrid
2020 |
None |
James W.
Fennessey |
Principal LifeTime Hybrid
2025 |
None |
James W.
Fennessey |
Principal LifeTime Hybrid
2030 |
None |
James W.
Fennessey |
Principal LifeTime Hybrid
2035 |
None |
James W.
Fennessey |
Principal LifeTime Hybrid
2040 |
None |
James W.
Fennessey |
Principal LifeTime Hybrid
2045 |
None |
James W.
Fennessey |
Principal LifeTime Hybrid
2050 |
None |
James W.
Fennessey |
Principal LifeTime Hybrid
2055 |
None |
James W.
Fennessey |
Principal LifeTime Hybrid
2060 |
None |
James W.
Fennessey |
Principal LifeTime Hybrid
2065 |
None |
James W.
Fennessey |
SmallCap Growth
I |
None |
James W.
Fennessey |
SmallCap Value
II |
None |
Kelly
Grossman |
Global Diversified
Income |
$1 -
$10,000 |
Benjamin E.
Rotenberg |
Global Diversified
Income |
$50,001 -
$100,000 |
Scott Smith* |
Principal LifeTime Strategic
Income |
None |
Scott Smith* |
Principal LifeTime
2010 |
None |
Scott Smith* |
Principal LifeTime
2015 |
None |
Scott Smith* |
Principal LifeTime
2020 |
None |
Scott Smith* |
Principal LifeTime
2025 |
None |
Scott Smith* |
Principal LifeTime
2030 |
$10,001 -
$50,000 |
Scott Smith* |
Principal LifeTime
2035 |
None |
Scott Smith* |
Principal LifeTime
2040 |
None |
Scott Smith* |
Principal LifeTime
2045 |
None |
Portfolio
Manager |
PFI Funds
Managed by Portfolio Manager |
Dollar Range
of Securities Owned by the Portfolio Manager |
Scott Smith* |
Principal LifeTime
2050 |
None |
Scott Smith* |
Principal LifeTime
2055 |
None |
Scott Smith* |
Principal LifeTime
2060 |
None |
Scott Smith* |
Principal LifeTime
2065 |
None |
Scott Smith* |
Principal LifeTime Hybrid
Income |
None |
Scott Smith* |
Principal LifeTime Hybrid
2015 |
None |
Scott Smith* |
Principal LifeTime Hybrid
2020 |
None |
Scott Smith* |
Principal LifeTime Hybrid
2025 |
None |
Scott Smith* |
Principal LifeTime Hybrid
2030 |
None |
Scott Smith* |
Principal LifeTime Hybrid
2035 |
None |
Scott Smith* |
Principal LifeTime Hybrid
2040 |
None |
Scott Smith* |
Principal LifeTime Hybrid
2045 |
None |
Scott Smith* |
Principal LifeTime Hybrid
2050 |
None |
Scott Smith* |
Principal LifeTime Hybrid
2055 |
None |
Scott Smith* |
Principal LifeTime Hybrid
2060 |
None |
Scott Smith* |
Principal LifeTime Hybrid
2065 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime Strategic
Income |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime
2010 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime
2015 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime
2020 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime
2025 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime
2030 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime
2035 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime
2040 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime
2045 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime
2050 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime
2055 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime
2060 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime
2065 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime Hybrid
Income |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime Hybrid
2015 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime Hybrid
2020 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime Hybrid
2025 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime Hybrid
2030 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime Hybrid
2035 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime Hybrid
2040 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime Hybrid
2045 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime Hybrid
2050 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime Hybrid
2055 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime Hybrid
2060 |
None |
Jeffrey R.
Tyler*** |
Principal LifeTime Hybrid
2065 |
None |
Randy L.
Welch** |
High Yield I |
None |
Randy L.
Welch |
LargeCap Growth
I |
None |
Randy L.
Welch |
LargeCap Growth
II |
None |
Randy L.
Welch |
LargeCap Value
III |
None |
Randy L.
Welch |
MidCap Growth
III |
None |
Randy L.
Welch |
MidCap Value
I |
None |
Randy L.
Welch |
MidCap Value
III |
None |
Randy L.
Welch |
Overseas |
None |
Randy L.
Welch |
Principal LifeTime Strategic
Income |
None |
Randy L.
Welch |
Principal LifeTime
2010 |
None |
Portfolio
Manager |
PFI Funds
Managed by Portfolio Manager |
Dollar Range
of Securities Owned by the Portfolio Manager |
Randy L.
Welch |
Principal LifeTime
2015 |
None |
Randy L.
Welch |
Principal LifeTime
2020 |
None |
Randy L.
Welch |
Principal LifeTime
2025 |
$100,001 -
$500,000 |
Randy L.
Welch |
Principal LifeTime
2030 |
None |
Randy L.
Welch |
Principal LifeTime
2035 |
None |
Randy L.
Welch |
Principal LifeTime
2040 |
None |
Randy L.
Welch |
Principal LifeTime
2045 |
None |
Randy L.
Welch |
Principal LifeTime
2050 |
None |
Randy L.
Welch |
Principal LifeTime
2055 |
None |
Randy L.
Welch |
Principal LifeTime
2060 |
None |
Randy L.
Welch |
Principal LifeTime
2065 |
None |
Randy L.
Welch |
Principal LifeTime Hybrid
Income |
None |
Randy L.
Welch |
Principal LifeTime Hybrid
2015 |
None |
Randy L.
Welch |
Principal LifeTime Hybrid
2020 |
None |
Randy L.
Welch |
Principal LifeTime Hybrid
2025 |
None |
Randy L.
Welch |
Principal LifeTime Hybrid
2030 |
None |
Randy L.
Welch |
Principal LifeTime Hybrid
2035 |
None |
Randy L.
Welch |
Principal LifeTime Hybrid
2040 |
None |
Randy L.
Welch |
Principal LifeTime Hybrid
2045 |
None |
Randy L.
Welch |
Principal LifeTime Hybrid
2050 |
None |
Randy L.
Welch |
Principal LifeTime Hybrid
2055 |
None |
Randy L.
Welch |
Principal LifeTime Hybrid
2060 |
None |
Randy L.
Welch |
Principal LifeTime Hybrid
2065 |
None |
Randy L.
Welch |
SmallCap Growth
I |
None |
Randy L.
Welch |
SmallCap Value
II |
None |
* Information as of March 31,
2017. | ||
** Information as of July 31,
2017. | ||
*** Effective March 2018,
remove Jeffrey R. Tyler. |
Other
Accounts Managed | ||||
Total
Number
of
Accounts |
Total
Assets
in
the
Accounts |
Number
of
Accounts
that
base
the
Advisory
Fee
on
Performance |
Total
Assets
of
the
Accounts
that
base
the
Advisory
Fee
on
Performance | |
Martin
Hegarty: Inflation
Protection Fund* |
||||
Registered investment
companies |
12 |
$5.7 billion |
0 |
$0 |
Other pooled investment
vehicles |
3 |
$3.1 billion |
0 |
$0 |
Other accounts |
28 |
$18.6 billion |
1 |
$568
million |
Portfolio
Manager |
Benchmarks |
Chris Allen |
Varied Euro-Based
benchmarks |
Martin Hegarty |
A combination of market-based
indices (e.g., Bloomberg Barclays Capital US TIPS Index, Bloomberg
Barclays World Government Inflation Linked Bond Index), certain customized
indices and certain fund industry peer
groups. |
Portfolio
Manager |
PFI Funds
Managed by Portfolio Manager |
Dollar Range
of Securities Owned by the Portfolio Manager |
Martin Hegarty* |
Inflation
Protection |
None |
Other
Accounts Managed | ||||
Total
Number
of
Accounts |
Total Assets
in the
Accounts |
Number of
Accounts
that base
the Advisory
Fee on
Performance |
Total Assets
of the
Accounts
that
base the
Advisory
Fee on
Performance | |
Chris Allen:
Inflation
Protection Fund* |
||||
Registered investment
companies |
9 |
$4.7 billion |
0 |
$0 |
Other pooled investment
vehicles |
17 |
$13.9 billion |
0 |
$0 |
Other accounts |
40 |
$19.9 billion |
6 |
$162.8
million |
* Information as of January 31,
2017. |
Portfolio
Manager |
PFI Funds
Managed by Portfolio Manager |
Dollar Range
of Securities Owned by the Portfolio Manager |
Chris Allen* |
Inflation
Protection |
None |
* Information as of January 31,
2017. |
Other
Accounts Managed | |||||
Total
Number
of
Accounts |
Total
Assets
in
the
Accounts |
Number
of
Accounts
that
base
the
Advisory
Fee
on
Performance |
Total
Assets
of
the
Accounts
that base
the
Advisory
Fee
on
Performance | ||
Thomas J.
Bisighini: LargeCap Growth
Fund |
|||||
Registered investment
companies |
6 |
|
$863.0 million |
0 |
$0 |
Other pooled investment
vehicles |
2 |
|
$225.0 million |
0 |
$0 |
Other accounts |
51 |
|
$3.0 billion |
1 |
$81.0
million |
Christopher
T. Corbett: MidCap Growth
Fund* |
|||||
Registered investment
companies |
2 |
$371.0 million |
0 |
$0 | |
Other pooled investment
vehicles |
2 |
$48.0 million |
0 |
$0 | |
Other accounts |
46 |
$1.8 billion |
0 |
$0 | |
Clifford G.
Fox: MidCap
Growth Fund |
|||||
Registered investment
companies |
1 |
|
$113.0 million |
0 |
$0 |
Other pooled investment
vehicles |
3 |
|
$73.0 million |
0 |
$0 |
Other accounts |
71 |
|
$2.7 billion |
0 |
$0 |
Michael
Iacono: MidCap Growth
Fund |
|||||
Registered investment
companies |
1 |
|
$113.0 million |
0 |
$0 |
Other pooled investment
vehicles |
3 |
|
$73.0 million |
0 |
$0 |
Other accounts |
71 |
|
$2.7 billion |
0 |
$0 |
Anthony
Rizza: LargeCap Growth
Fund |
|||||
Registered investment
companies |
6 |
|
$863.0 million |
0 |
$0 |
Other pooled investment
vehicles |
2 |
|
$225.0 million |
0 |
$0 |
Other accounts |
51 |
|
$3.0 billion |
1 |
$81.0
million |
Katerina
Wasserman: MidCap Growth
Fund |
|||||
Registered investment
companies |
1 |
|
$113.0 million |
0 |
$0 |
Other pooled investment
vehicles |
3 |
|
$73.0 million |
0 |
$0 |
Other accounts |
71 |
|
$2.7 billion |
0 |
$0 |
Portfolio
Manager |
PFI Funds
Managed by Portfolio Manager |
Dollar Range
of Securities
Owned by the
Portfolio Manager |
Thomas J.
Bisighini |
LargeCap Growth |
None |
Christopher T.
Corbett* |
MidCap Growth |
None |
Clifford G. Fox |
MidCap Growth |
None |
Michael Iacono |
MidCap Growth |
None |
Anthony Rizza |
LargeCap Growth |
None |
Katerina
Wasserman |
MidCap Growth |
None |
Other
Accounts Managed | ||||
Total
Number
of
Accounts |
Total
Assets
in
the
Accounts |
Number
of
Accounts
that
base
the
Advisory
Fee
on
Performance |
Total
Assets
of
the
Accounts
that
base
the
Advisory
Fee
on
Performance | |
Damien
Buchet: Finisterre
Unconstrained Emerging Markets Bond Fund |
||||
Registered Investment
Companies |
0 |
$0 |
0 |
$0 |
Other Pooled Investment
Vehicles |
0 |
$0 |
0 |
$0 |
Other Accounts |
3 |
$650 million |
0 |
$0 |
Arthur
Duchon-Doris: Finisterre Unconstrained
Emerging Markets Bond Fund |
||||
Registered Investment
Companies |
0 |
$0 |
0 |
$0 |
Other Pooled Investment
Vehicles |
0 |
$0 |
0 |
$0 |
Other Accounts |
0 |
$0 |
0 |
$0 |
Christopher
Watson: Finisterre
Unconstrained Emerging Markets Bond Fund |
||||
Registered Investment
Companies |
0 |
$0 |
0 |
$0 |
Other Pooled Investment
Vehicles |
0 |
$0 |
0 |
$0 |
Other Accounts |
3 |
$650 million |
0 |
$0 |
Portfolio
Manager |
PFI Funds
Managed by Portfolio Manager |
Dollar Range
of Securities
Owned by the
Portfolio Manager |
Damien Buchet |
Finisterre Unconstrained
Emerging Markets Bond |
None |
Arthur Duchon-Doris
|
Finisterre Unconstrained
Emerging Markets Bond |
None |
Christopher Watson
|
Finisterre Unconstrained
Emerging Markets Bond |
None |
Other
Accounts Managed* | ||||||
Total
Number
of
Accounts |
Total
Assets
in
the
Accounts |
Number
of
Accounts
that
base
the
Advisory
Fee
on
Performance |
Total Assets
of the Accounts that base the Advisory Fee on
Performance | |||
William
(Russ) Covode: High Yield Fund
I |
||||||
Registered investment
companies |
6 |
$5.0 billion |
0 |
|
$0 |
|
Other pooled investment
vehicles |
19 |
$14.7 billion |
4 |
$974.0 million |
| |
Other accounts |
36 |
$7.1 billion |
0 |
|
$0 |
|
Daniel
Doyle: High
Yield Fund I |
||||||
Registered investment
companies |
7 |
$5.3 billion |
0 |
|
$0 |
|
Other pooled investment
vehicles |
24 |
$17.8 billion |
4 |
$974.0 million |
| |
Other accounts |
34 |
$7.0 billion |
0 |
|
$0 |
|
Patrick
Flynn: High
Yield Fund I |
||||||
Registered investment
companies |
6 |
$5.0 billion |
0 |
|
$0 |
|
Other pooled investment
vehicles |
21 |
$14.8 billion |
4 |
$974.0 million |
| |
Other accounts |
34 |
$7.0 billion |
0 |
|
$0 |
|
Thomas P.
O'Reilly: High Yield Fund
I |
||||||
Registered investment
companies |
7 |
$5.3 billion |
0 |
|
$0 |
|
Other pooled investment
vehicles |
26 |
$17.9 billion |
4 |
$974.0 million |
| |
Other accounts |
36 |
$7.1 billion |
0 |
|
$0 |
|
* |
Portions of certain accounts
may be managed by other portfolio managers; however, for each portfolio
manager the table lists the total assets of each account even if such
portfolio manager is only involved in the day-to-day management of a
portion of the entire account. |
Portfolio
Manager |
PFI Funds
Managed by Portfolio Manager |
Dollar Range
of Securities
Owned by the
Portfolio Manager |
William (Russ)
Covode |
High Yield I |
None |
Daniel Doyle |
High Yield I |
None |
Patrick Flynn |
High Yield I |
None |
Thomas P.
O’Reilly |
High Yield I |
None |
Other
Accounts Managed | ||||||
Total
Number
of
Accounts |
Total
Assets
in
the
Accounts |
Number
of
Accounts
that
base
the
Advisory
Fee
on
Performance |
Total
Assets
of
the
Accounts
that
base
the
Advisory
Fee
on
Performance | |||
John
Birkhold: International Fund
I |
||||||
Registered investment
companies |
1 |
$748.2 million |
0 |
|
$0 |
|
Other pooled investment
vehicles |
6 |
$969.1 million |
3 |
$184.9
million | ||
Other accounts |
9 |
$1.7 billion |
1 |
$340.3
million | ||
Chris
Carter: International Fund
I |
||||||
Registered investment
companies |
1 |
$748.2 million |
0 |
|
$0 |
|
Other pooled investment
vehicles |
6 |
$969.1 million |
3 |
$184.9
million | ||
Other accounts |
9 |
$1.7 billion |
1 |
$340.3
million | ||
Nigel
Dutson: International Fund
I |
||||||
Registered investment
companies |
1 |
$748.2 million |
0 |
|
$0 |
|
Other pooled investment
vehicles |
6 |
$969.1 million |
3 |
$184.9
million | ||
Other accounts |
9 |
$1.7 billion |
1 |
$340.3
million | ||
Tarlock
Randhawa: International Fund
I |
||||||
Registered investment
companies |
1 |
$748.2 million |
0 |
|
$0 |
|
Other pooled investment
vehicles |
6 |
$969.1 million |
3 |
$184.9
million | ||
Other accounts |
9 |
$1.7 billion |
1 |
$340.3
million | ||
Grace
Tolley: International Fund
I |
||||||
Registered investment
companies |
1 |
$748.2 million |
0 |
|
$0 |
|
Other pooled investment
vehicles |
6 |
$969.1 million |
3 |
$184.9
million | ||
Other accounts |
9 |
$1.7 billion |
1 |
$340.3
million |
Portfolio
Manager |
PFI Funds
Managed by Portfolio Manager |
Dollar Range
of Securities Owned by the Portfolio Manager |
John Birkhold |
International Fund
I |
None |
Chris Carter |
International Fund
I |
None |
Nigel Dutson |
International Fund
I |
None |
Tarlock
Randhawa |
International Fund
I |
None |
Grace Tolley |
International Fund
I |
None |
Other
Accounts Managed | ||||
Total
Number
of
Accounts |
Total
Assets
in
the
Accounts |
Number
of
Accounts
that
base
the
Advisory
Fee
on
Performance |
Total
Assets
of
the
Accounts
that base
the
Advisory
Fee
on
Performance | |
Keith
Bokota: Real
Estate Securities Fund |
||||
Registered investment
companies |
1 |
$146.9 million |
0 |
$0 |
Other pooled investment
vehicles |
3 |
$65.4 million |
0 |
$0 |
Other accounts |
9 |
$943.1 million |
0 |
$0 |
Simon
Hedger: Global
Real Estate Securities Fund |
||||
Registered investment
companies |
1 |
$402.4 million |
0 |
$0 |
Other pooled investment
vehicles |
5 |
$1.1 billion |
0 |
$0 |
Other accounts |
18 |
$2.7 billion |
0 |
$0 |
Anthony
Kenkel: Global Real Estate Securities Fund and
Real Estate Securities Fund |
||||
Registered investment
companies |
3 |
$4.0 billion |
0 |
$0 |
Other pooled investment
vehicles |
19 |
$1.6 billion |
0 |
$0 |
Other accounts |
28 |
$4.0 billion |
0 |
$0 |
Kelly D.
Rush: Global
Real Estate Securities and Real Estate Securities Funds |
||||
Registered investment
companies |
4 |
$4.4 billion |
0 |
$0 |
Other pooled investment
vehicles |
20 |
$1.7 billion |
0 |
$0 |
Other accounts |
29 |
$4.0 billion |
0 |
$0 |
Portfolio
Manager |
PFI Funds
Managed by Portfolio Manager |
Dollar Range
of Securities Owned by the Portfolio Manager |
Keith Bokota |
Real Estate Securities
|
$10,001 -
$50,000 |
Simon Hedger |
Global Real Estate
Securities |
None |
Anthony Kenkel |
Global Real Estate
Securities |
$10,001 -
$50,000 |
Anthony Kenkel |
Real Estate
Securities |
$10,001 -
$50,000 |
Kelly D. Rush |
Global Real Estate
Securities |
$10,001 -
$50,000 |
Kelly D. Rush |
Real Estate
Securities |
$10,001 -
$50,000 |
Aaa: |
Obligations rated Aaa are
judged to be of the highest quality, subject to the lowest level of credit
risk. |
Aa: |
Obligations rated Aa are
judged to be of high quality and are subject to very low credit
risk. |
A: |
Obligations rated A are
considered upper-medium grade and are subject to low credit
risk. |
Baa: |
Obligations rated Baa are
subject to moderate credit risk. They are considered medium-grade and as
such may possess certain speculative
characteristics. |
Ba: |
Obligations rated Ba are
judged to be speculative and are subject to substantial credit
risk. |
B: |
Obligations rated B are
considered speculative and are subject to high credit
risk. |
Caa: |
Obligations rated Caa are
judged to be speculative of poor standing and are subject to very high
credit risk. |
Ca: |
Obligations rated Ca are
highly speculative and are likely in, or very near, default, with some
prospect of recovery of principal and
interest. |
C: |
Obligations rated C are the
lowest rated class of bonds and are typically in default, with little
prospect for recovery of principal or
interest. |
• |
Likelihood of default -
capacity and willingness of the obligor to meet its financial commitment
on an obligation in accordance with the terms of the
obligation; |
• |
Nature of and provisions of
the obligation; |
• |
Protection afforded by, and
relative position of, the obligation in the event of bankruptcy,
reorganization, or other arrangement under the laws of bankruptcy and
other laws affecting creditor's rights. |
AAA: |
Obligations rated ‘AAA’ have
the highest rating assigned by S&P Global. The obligor’s capacity to
meet its financial commitment on the obligation is extremely
strong. |
AA: |
Obligations rated ‘AA’ differ
from the highest-rated issues only in small degree. The obligor’s capacity
to meet its financial commitment on the obligation is very
strong. |
A: |
Obligations rated ‘A’ have a
strong capacity to meet financial commitment on the obligation although
they are somewhat more susceptible to the adverse effects of changes in
circumstances and economic conditions than obligations in higher-rated
categories. |
BBB: |
Obligations rated ‘BBB’
exhibit adequate protection parameters; however, adverse economic
conditions or changing circumstances are more likely to lead to a weakened
capacity to meet financial commitment on the
obligation. |
BB, B, CCC, |
Obligations rated ‘BB’, ‘B’,
‘CCC’, ‘CC’, and ‘C’ are regarded, on balance, as having
significant |
CC, and C: |
speculative characteristics.
‘BB’ indicates the lowest degree of speculation and ‘C’ the highest degree
of speculation. While such obligations will likely have some quality and
protective characteristics, these may be outweighed by large uncertainties
or major risk exposures to adverse
conditions. |
BB: |
Obligations rated ‘BB’ are
less vulnerable to nonpayment than other speculative issues. However it
faces major ongoing uncertainties or exposure to adverse business,
financial, or economic conditions which could lead to the obligor’s
inadequate capacity to meet its financial commitment on the
obligation. |
B: |
Obligations rated ‘B’ are more
vulnerable to nonpayment than ‘BB’ but the obligor currently has the
capacity to meet its financial commitment on the obligation. Adverse
business, financial, or economic conditions will likely impair this
capacity. |
CCC: |
Obligations rated ‘CCC’ are
currently vulnerable to nonpayment and is dependent upon favorable
business, financial, and economic conditions for the obligor to meet its
financial commitment on the obligation. If adverse business, financial, or
economic conditions occur, the obligor is not likely to have the capacity
to meeting its financial commitment on the
obligation. |
CC: |
Obligations rated ‘CC’ are
currently highly vulnerable to nonpayment. The ‘CC’ rating is used when a
default has not yet occurred but S&P Global expects default to be a
virtual certainty, regardless of anticipated time to
default. |
C: |
The rating ‘C’ is highly
vulnerable to nonpayment, the obligation is expected to have lower
relative seniority or lower ultimate recovery compared to higher rated
obligations. |
D: |
Obligations rated ‘D’ are in
default, or in breach of an imputed promise. For non-hybrid capital
instruments, the ‘D’ rating category is used when payments on an
obligation are not made on the date due, unless S&P Global believes
that such payments will be made within five business days in the absence
of a stated grace period or within the earlier of the stated grace period
or 30 calendar days. This rating will also be used upon filing for
bankruptcy petition or the taking or similar action and where default is a
virtual certainty. If an obligation is subject to a distressed exchange
offer the rating is lowered to ‘D’. |
NR: |
Indicates that no rating has
been requested, that there is insufficient information on which to base a
rating or that S&P Global does not rate a particular type of
obligation as a matter of policy. |
A-1: |
This is the highest category.
The obligor’s capacity to meet its financial commitment on the obligation
is strong. Within this category, certain obligations are designated with a
plus sign (+). This indicates that the obligor’s capacity to meet its
financial commitment on these obligations is extremely
strong. |
A-2: |
Issues carrying this
designation are somewhat more susceptible to the adverse effects of the
changes in circumstances and economic conditions than obligations in
higher rating categories. However, the obligor’s capacity to meet its
financial commitment on the obligation is
satisfactory. |
A-3: |
Issues carrying this
designation exhibit adequate protection parameters. However, adverse
economic conditions or changing circumstances are more likely to lead to a
weakened capacity of the obligor to meet it financial commitment on the
obligation. |
B: |
Issues rated ‘B’ are regarded
as vulnerable and have significant speculative characteristics. The
obligor has capacity to meet financial commitments; however, it faces
major ongoing uncertainties which could lead to obligor’s inadequate
capacity to meet its financial
obligations. |
C: |
This rating is assigned to
short-term debt obligations that are currently vulnerable to nonpayment
and is dependent upon favorable business, financial, and economic
conditions to meet its financial commitment on the
obligation. |
D: |
This rating indicates that the
issue is either in default or in breach of an imputed promise. For
non-hybrid capital instruments, the ‘D’ rating category is used when
payments on an obligation are not made on the date due, unless S&P
Global believes that such payments will be made within five business days
in the absence of a stated grace period or within the earlier of the
stated grace period or 30 calendar days. This rating will also be used
upon filing for bankruptcy petition or the taking or similar action and
where default is a virtual certainty. If an obligation is subject to a
distressed exchange offer the rating is lowered to
‘D’. |
SP-1: |
A strong capacity to pay
principal and interest. Issues that possess a very strong capacity to pay
debt service is given a "+" designation. |
SP-2: |
A satisfactory capacity to pay
principal and interest, with some vulnerability to adverse financial and
economic changes over the terms of the
notes. |
SP-3: |
A speculative capacity to pay
principal and interest. |
AAA: |
Highest credit quality. ‘AAA’
ratings denote the lowest expectation of credit risk. They are assigned
only in case of exceptionally strong capacity for payment of financial
commitments. This capacity is highly unlikely to be adversely affected by
foreseeable events. |
AA: |
Very high credit quality. ‘AA’
ratings denote expectations of very low credit risk. They indicate very
strong capacity for timely payment of financial commitments. This capacity
is not significantly vulnerable to foreseeable
events. |
A: |
High credit quality. ‘A’
ratings denote low expectation of credit risk. The capacity for timely
payment of financial commitments is considered strong. This capacity may,
nevertheless, be more vulnerable to adverse business or economic
conditions than is the case for higher
ratings. |
BBB: |
Good credit quality. ‘BBB’
ratings indicate that expectations of credit risk are currently low. The
capacity for payment of financial commitments is considered adequate, but
adverse business or economic conditions are more likely to impair this
capacity. |
BB: |
Speculative. ‘BB’ ratings
indicate an elevated vulnerability to credit risk, particularly in the
event of adverse changes in business or economic conditions over time;
however, business or financial alternatives may be available to allow
financial commitments to be met. |
B: |
Highly speculative. ‘B’
ratings indicate that material credit risk is
present. |
CCC: |
Substantial credit risk. ‘CCC’
ratings indicate that substantial credit risk is
present. |
CC: |
Very high levels of credit
risk. ‘CC’ ratings indicate very high levels of credit
risk. |
C: |
Exceptionally high levels of
credit risk. ‘C’ indicates exceptionally high levels of credit
risk. |
D: |
Default. ‘D’ ratings indicate
an issuer has entered into bankruptcy filings, administration,
receivership, liquidation or which has otherwise ceased
business. |
F1: |
Highest short-term credit
quality. Indicates the strongest intrinsic capacity for timely payment of
financial commitments; may have an added “+” to denote any exceptionally
strong credit feature. |
F2: |
Good short-term credit
quality. Good intrinsic capacity for timely payment of financial
commitments. |
F3: |
Fair short-term credit
quality. The intrinsic capacity for timely payment of financial
commitments is adequate. |
B: |
Speculative short-term credit
quality. Minimal capacity for timely payment of financial commitments,
plus heightened vulnerability to near term adverse changes in financial
and economic conditions. |
C: |
High short-term default risk.
Default is a real possibility. |
RD: |
Restricted default. Indicates
an entity that has defaulted on one or more of its financial commitments,
although it continues to meet other financial obligations. Typically
applicable to entity ratings only. |
D: |
Default. Indicates a
broad-based default event for an entity, or the default of a specific
short-term obligation. |
RR1: |
Outstanding recovery prospects
given default. ‘RR1’ rated securities have characteristics consistent with
securities historically recovering 91%-100% of current principal and
related interest. |
RR2: |
Superior recovery prospects
given default. ‘RR2’ rated securities have characteristics consistent with
securities historically recovering 71%-90% of current principal and
related interest. |
RR3: |
Good recovery prospects given
default. ‘RR3’ rated securities have characteristics consistent with
securities historically recovering 51%-70% of current principal and
related interest. |
RR4: |
Average recovery prospects
given default. ‘RR4’ rated securities have characteristics consistent with
securities historically recovering 31%-50% of current principal and
related interest. |
RR5: |
Below average recovery
prospects given default. ‘RR5’ rated securities have characteristics
consistent with securities historically recovering 11%-30% of current
principal and related interest. |
RR6: |
Poor recovery prospects given
default. ‘RR6’ rated securities have characteristics consistent with
securities historically recovering 0%-10% of current principal and related
interest. |
Class
A |
|||
Maximum
Offering Price Calculation |
|||
NAV |
= |
Maximum Offering
Price | |
(1-Sales Charge
Percentage) | |||
Fund |
|||
California Municipal
Fund |
$10.68 |
= |
$11.10 |
(1-.0375) | |||
Core Plus Bond
Fund |
$11.05 |
= |
$11.48 |
(1-.0375) | |||
Diversified International
Fund |
$11.35 |
= |
$12.01 |
(1-.0550) | |||
Equity Income
Fund |
$26.69 |
= |
$28.24 |
(1-.0550) | |||
Finisterre Unconstrained
Emerging Markets Bond Fund |
$10.14 |
= |
$10.54 |
(1-.0375) | |||
Global Diversified Income
Fund |
$13.72 |
= |
$14.25 |
(1-.0375) | |||
Global Real Estate Securities
Fund |
$8.35 |
= |
$8.84 |
(1-.0550) | |||
Government & High Quality
Bond Fund |
$10.84 |
= |
$11.09 |
(1-.0225) | |||
High Yield Fund |
$7.24 |
= |
$7.52 |
(1-.0375) | |||
High Yield Fund
I |
$9.80 |
= |
$10.18 |
(1-.0375) | |||
Income Fund |
$9.64 |
= |
$9.86 |
(1-.0225) | |||
Inflation Protection
Fund |
$8.62 |
= |
$8.96 |
(1-.0375) | |||
International Emerging Markets
Fund |
$22.74 |
= |
$24.06 |
(1-.0550) | |||
International Fund
I |
$12.99 |
= |
$13.75 |
(1-.0550) | |||
NAV |
= |
Maximum Offering
Price | |
(1-Sales Charge
Percentage) | |||
Fund |
|||
LargeCap Growth
Fund |
$9.46 |
= |
$10.01 |
(1-.0550) | |||
LargeCap Growth Fund
I |
$11.79 |
= |
$12.48 |
(1-.0550) | |||
LargeCap S&P 500 Index
Fund |
$15.02 |
= |
$15.25 |
(1-.0150) | |||
LargeCap Value
Fund |
$11.46 |
= |
$12.13 |
(1-.0550) | |||
MidCap Fund |
$21.79 |
= |
$23.06 |
(1-.0550) | |||
MidCap Value Fund
III |
$18.34 |
= |
$19.41 |
(1-.0550) | |||
Money Market
Fund |
$1.00 |
= |
$1.00 |
(1-.0000) | |||
Principal Capital Appreciation
Fund |
$57.28 |
= |
$60.61 |
(1-.0550) | |||
Principal LifeTime 2010
Fund |
$13.31 |
= |
$13.83 |
(1-.0375) | |||
Principal LifeTime 2020
Fund |
$13.45 |
= |
$14.23 |
(1-.0550) | |||
Principal LifeTime 2030
Fund |
$13.44 |
= |
$14.22 |
(1-.0550) | |||
Principal LifeTime 2040
Fund |
$13.86 |
= |
$14.67 |
(1-.0550) | |||
Principal LifeTime 2050
Fund |
$13.78 |
= |
$14.58 |
(1-.0550) | |||
Principal LifeTime Strategic
Income Fund |
$12.29 |
= |
$12.77 |
(1-.0375) | |||
Real Estate Securities
Fund |
$22.80 |
= |
$24.13 |
(1-.0550) | |||
SAM Balanced
Portfolio |
$15.07 |
= |
$15.95 |
(1-.0550) | |||
NAV |
= |
Maximum Offering
Price | |
(1-Sales Charge
Percentage) | |||
Fund |
|||
SAM Conservative Balanced
Portfolio |
$11.70 |
= |
$12.38 |
(1-.0550) | |||
SAM Conservative Growth
Portfolio |
$16.68 |
= |
$17.65 |
(1-.0550) | |||
SAM Flexible Income
Portfolio |
$12.07 |
= |
$12.54 |
(1-.0375) | |||
SAM Strategic Growth
Portfolio |
$18.24 |
= |
$19.30 |
(1-.0550) | |||
Short-Term Income
Fund |
$12.23 |
= |
$12.51 |
(1-.0225) | |||
SmallCap Fund |
$20.02 |
= |
$21.19 |
(1-.0550) | |||
SmallCap Value Fund
II |
$11.84 |
= |
$12.53 |
(1-.0550) | |||
Tax-Exempt Bond
Fund |
$7.42 |
= |
$7.71 |
(1-.0375) |
• |
The Advisers do not maintain
a written proxy voting policy as required by Rule
206(4)-6. |
• |
Proxies are not voted in
Clients’ best interests. |
• |
Proxies are not identified
and voted in a timely manner. |
• |
Conflicts between the
Advisers’ interests and the Client are not identified; therefore, proxies
are not voted appropriately. |
• |
The third-party proxy voting
services utilized by the Advisers are not
independent. |
• |
Proxy voting records and
Client requests to review proxy votes are not maintained. The Advisers
have established the following guidelines as an attempt to mitigate these
risks. |
1. |
The requesting PM Team’s
reasons for the decision; |
2. |
The approval of the lead
Portfolio Manager for the requesting PM
Team; |
3. |
Notification to the Proxy
Voting Team and other appropriate personnel (including other Advisers
Portfolio Managers who may own the particular
security); |
4. |
A determination that the
decision is not influenced by any conflict of interest; and review and
approval by the Compliance Department |
1
The
Advisers have various Portfolio Manager Teams organized by asset classes
and investment strategies. |
– |
Restrictions for share
blocking countries;2 |
– |
Casting a vote on a foreign
security may require that the adviser engage a
translator; |
– |
Restrictions on foreigners’
ability to exercise votes; |
– |
Requirements to vote proxies
in person; |
– |
Requirements to provide
local agents with power of attorney to facilitate the voting
instructions; |
– |
Untimely notice of
shareholder meeting; |
– |
Restrictions on the sale of
securities for a period of time in proximity to the shareholder
meeting. |
2
In
certain markets where share blocking occurs, shares must be “frozen” for
trading purposes at the custodian or sub-custodian in order to vote.
During the time that shares are blocked, any pending trades will not
settle. Depending on the market, this period can last from one day to
three weeks. Any sales that must be executed will settle late and
potentially be subject to interest charges or other punitive
fees. |
• |
Any request, whether written
(including e-mail) or oral, received by any Employee of the Advisers, must
be promptly reported to the Proxy Voting Team. All written requests must
be retained in the Client’s permanent
file. |
• |
The Proxy Voting Team
records the identity of the Client, the date of the request, and the
disposition (e.g., provided a written or oral response to Client’s
request, referred to third party, not a proxy voting client, other
dispositions, etc.) in a suitable place. |
• |
The Proxy Voting Team
furnishes the information requested to the Client within a reasonable time
period (generally within 10 business days). The Advisers maintain a copy
of the written record provided in response to Client’s written (including
e-mail) or oral request. A copy of the written response should be attached
and maintained with the Client’s written request, if applicable and
maintained in the permanent file. |
• |
Clients are permitted to
request the proxy voting record for the 5 year period prior to their
request. |
• |
Upon inadvertent receipt of
a proxy, the Advisers forward the proxy to ISS for voting, unless the
client has instructed otherwise. |
• |
The Advisers’ proxy voting
record is maintained by ISS. The Proxy Voting Team, with the assistance of
the Investment Accounting and SMA Operations Departments, periodically
ensures that ISS has complete, accurate, and current records of Clients
who have instructed the Advisers to vote proxies on their
behalf. |
• |
The Advisers maintain
documentation to support the decision to vote against the ISS
recommendation. |
• |
The Advisers maintain
documentation or any communications received from third parties, other
industry analysts, third party service providers, company’s management
discussions, etc. that were material in the basis for any voting
decision. |
1. |
Written affirmation that all
proxies voted during the preceding calendar quarter, other than those
specifically identified by the advisor or sub-advisor, were voted in a
manner consistent with the advisor's or sub-advisor's voting policies and
procedures. In order to monitor the potential effect of conflicts of
interest of an advisor or sub-advisor, the advisor or sub-advisor will
identify any proxies the advisor or sub-advisor voted in a manner
inconsistent with its policies and procedures. The advisor or sub-advisor
shall list each vote, explain why the advisor or sub-advisor voted in a
manner contrary to its policies and procedures, state whether the advisor
or sub-advisor’s vote was consistent with the recommendation to the
advisor or sub-advisor of a third party and, if so, identify the third
party; and |
2. |
Written notification of any
changes to the advisor's or sub-advisor's proxy voting policies and
procedures made during the preceding calendar
quarter. |
1. |
Identification of the issuer
of the security; |
2. |
Exchange ticker symbol of the
security; |
3. |
CUSIP number of the
security; |
4. |
The date of the shareholder
meeting; |
5. |
A brief description of the
subject of the vote; |
6. |
Whether the proposal was put
forward by the issuer or a shareholder; |
7. |
Whether and how the vote was
cast; |
8. |
Whether the vote was cast for
or against management of the issuer. |
1. |
INTRODUCTION |
3 |
| |
2. |
RESEARCH UNDERPINS DECISION
MAKING |
3 |
| |
3. |
PROXY VOTING
GUIDELINES |
3 |
| |
3.1 |
BOARD AND DIRECTOR
PROPOSALS |
4 |
| |
3.2 |
COMPENSATION
PROPOSALS |
7 |
| |
3.3 |
CAPITAL CHANGES AND
ANTI-TAKEOVER PROPOSALS |
10 |
| |
3.4 |
AUDITOR
PROPOSALS |
12 |
| |
3.5 |
SHAREHOLDER ACCESS AND VOTING
PROPOSALS |
13 |
| |
3.6 |
ENVIRONMENTAL, SOCIAL AND
DISCLOSURE PROPOSALS |
15 |
| |
4. |
CONFLICTS OF
INTEREST |
19 |
| |
4.1 |
INTRODUCTION |
19 |
| |
4.2 |
ADHERENCE TO STATED PROXY
VOTING POLICIES |
19 |
| |
4.3 |
DISCLOSURE OF
CONFLICTS |
19 |
| |
4.4 |
POTENTIAL CONFLICTS
LIST |
19 |
| |
4.5 |
DETERMINE EXISTENCE OF
CONFLICT OF INTEREST |
20 |
| |
4.6 |
REVIEW OF THIRD PARTY RESEARCH
SERVICE CONFLICTS OF INTEREST |
20 |
| |
4.7 |
CONFIDENTIAL
VOTING |
20 |
| |
4.8 |
A NOTE REGARDING AB’S
STRUCTURE |
20 |
| |
5. |
VOTING
TRANSPARENCY |
21 |
| |
6. |
RECORDKEEPING |
21 |
| |
6.1 |
PROXY VOTING
POLICY |
21 |
| |
6.2 |
PROXY STATEMENTS RECEIVED
REGARDING CLIENT SECURITIES |
21 |
| |
6.3 |
RECORDS OF VOTES CAST ON
BEHALF OF CLIENTS |
21 |
| |
6.4 |
RECORDS OF CLIENTS REQUESTS
FOR PROXY VOTING INFORMATION |
21 |
| |
6.5 |
DOCUMENTS PREPARED BY AB THAT
ARE MATERIAL TO VOTING DECISIONS |
21 |
| |
7. |
PROXY VOTING
PROCEDURES |
21 |
| |
7.1 |
VOTE
ADMINISTRATION |
21 |
| |
7.2 |
SHARE BLOCKING |
22 |
| |
7.3 |
LOANED
SECURITIES |
22 |
|
+ |
We believe that directors have
a duty to respond to shareholder actions that have received significant
shareholder support. We may vote against directors (or withhold votes for
directors if plurality voting applies) who fail to act on key
issues, such as failure to implement
proposals to declassify boards, failure to implement a
majority vote requirement, failure to submit a rights plan to a
shareholder vote and failure to act on tender offers where a majority of
shareholders have tendered their shares (provided we supported, or would
have supported, the original
proposal). |
+ |
We oppose directors who fail
to attend at least 75% of board meetings within a given year without a
reasonable excuse. |
+ |
We may consider the number of
boards on which a director sits and/or their length of service on a
particular board. |
+ |
We may abstain or vote against
(depending on a company’s history of disclosure in this regard) directors
of issuers where there is insufficient information about the nominees
disclosed in the proxy statement. |
+ |
We may vote against directors
for poor compensation practices. |
+ |
We may vote against directors
for not representing shareholder interests and maximizing long-term shareholder
value |
1 |
For purposes of this Policy,
generally, we will consider a director
independent if the director satisfies the independence definition set
forth in the listing standards of the exchange on which the common stock
is listed. However, we may deem local independence
classification criteria insufficient. |
2 |
Pursuant to the SEC rules,
adopted pursuant to the Sarbanes-Oxley Act of 2002, as of
October 31, 2004, each U.S. listed issuer must have a
fully independent audit committee. |
+ |
Valid measures of business
performance tied to the firm’s strategy and shareholder value creation,
which are clearly articulated and incorporate appropriate time
periods, should be
utilized; |
+ |
Compensation costs should be
managed in the same way as any other
expense; |
+ |
Compensation should reflect
management’s handling, or failure to handle, any recent social, environmental, governance,
ethical or legal issue that had a significant adverse financial or
reputational effect on the company; and |
+ |
In granting compensatory
awards, management should exhibit a
history of integrity and decision-making based on logic and well
thought out processes. |
+ |
Publicly-traded Clients from the
Russell 3000 Index, the Morgan Stanley Capital International
(“MSCI”) Europe Australia Far East
Index (MSCI EAFE), the MSCI Canada Index and the MSCI Emerging Markets
Index; |
+ |
Publicly-traded companies that
distribute AB mutual funds; |
+ |
Bernstein private clients who
are directors, officers or 10% shareholders of publicly traded
companies; |
+ |
Clients who
sponsor, publicly support or have
material interest in a proposal upon which we will be eligible to
vote; |
+ |
Publicly-traded affiliated
companies; |
+ |
Companies where an employee of
AB or AXA Financial, Inc., a parent company of
AB, has identified an
interest; |
+ |
Any other conflict of which a
Proxy Committee member becomes aware4. |
3 |
From time to time a client may
request that we vote their proxies consistent with AFL-CIO guidelines or
the policy of the National Association of Pension Funds. In those
situations, AB reserves the right to
depart from those policies if we believe it to be in the client’s best
interests. |
4 |
The Proxy Committee must notify
the Legal and Compliance Department promptly of any previously unknown
conflict. |
+ |
If our proposed vote is
consistent with our Proxy Voting Policy, no further review is
necessary. |
+ |
If our proposed vote is
contrary to our Proxy Voting Policy and our client’s position on the
proposal, no further review is
necessary. |
+ |
If our proposed vote is
contrary to our Proxy Voting Policy or is not covered herein, is
consistent with our client’s position, and is also consistent with the
views of ISS, no further review is
necessary. |
+ |
If our proposed vote is
contrary to our Proxy Voting Policy or is not covered herein, is
consistent with our client’s position and is contrary to the views of
ISS, the vote will be presented to
an independent compliance officer (“ICO”). |
5 |
US securities are defined as
securities of issuers required to make reports pursuant to §12 of the
Securities Exchange Act of 1934, as amended. Non- US securities are defined
as all other securities. |
Shareholder
Proposal |
Board
and Director Proposals |
For |
Against |
Case-by-Case |
+ |
Board Diversity |
+ | ||
+ |
Establish New Board Committees
and Elect Board Members with Specific Expertise |
+ | ||
Changes in Board Structure and
Amending the Articles of Incorporation |
+ |
|||
Classified
Boards |
+ |
|||
Director Liability and
Indemnification |
+ | |||
+ |
Disclose CEO Succession
Plan |
+ |
||
Election of
Directors |
+ |
|||
Controlled Company
Exemption |
+ | |||
Voting for Director Nominees in
a Contested Election |
+ | |||
+ |
Independent Lead
Director |
+ |
||
+ |
Limit Term of
Directorship |
+ | ||
+ |
Majority of Independent
Directors |
+ |
||
+ |
Majority of Independent
Directors on Key Committees |
+ |
||
+ |
Majority Votes for
Directors |
+ |
||
+ |
Removal of Directors Without
Cause |
+ |
||
+ |
Require Independent Board
Chairman |
+ | ||
+ |
Require Two Candidates for Each
Board Seat |
+ |
||
Compensation
Proposals |
||||
+ |
Elimination of Single Trigger
Change-in-Control
Agreements |
+ |
||
+ |
Pro Rata Vesting of Equity
Compensation Awards-Change
of Control |
+ | ||
+ |
Adopt Policies to Prohibit any
Death Benefits to
Senior
Executives |
+ |
||
+ |
Advisory Vote to Ratify
Directors’ Compensation |
+ |
||
+ |
Amend Executive Compensation
Plan Tied to Performance (Bonus Banking) |
+ |
||
Approve Remuneration for
Directors and Auditors |
+ | |||
Approve Remuneration
Reports |
+ | |||
Approve Retirement Bonuses for
Directors (Japan and South Korea) |
+ | |||
Approve Special Payments to
Continuing Directors and Auditors (Japan) |
+ | |||
+ |
Disclose Executive and Director
Pay |
+ | ||
+ |
Exclude Pension Income from
Performance-Based Compensation |
+ |
||
Executive and Employee
Compensation Plans |
+ | |||
+ |
Limit Dividend Payments to
Executives |
+ |
||
+ |
Limit Executive
Pay |
+ |
Shareholder
Proposal |
Compensation
Proposals (continued) |
For |
Against |
Case-by-Case |
+ |
Mandatory Holding
Periods |
+ |
||
+ |
Performance-Based Stock Option
Plans |
+ | ||
+ |
Prohibit Relocation Benefits to
Senior Executives |
+ |
||
+ |
Recovery of Performance-Based
Compensation |
+ |
||
+ |
Submit Golden
Parachutes/Severance Plans to a Shareholder Vote |
+ |
||
+ |
Submit Golden
Parachutes/Severance Plans to a Shareholder Vote prior to their being
Negotiated by Management |
+ | ||
+ |
Submit Survivor Benefit
Compensation Plans to a Shareholder Vote |
+ |
||
Capital
Changes and Anti-Take Over Proposals |
||||
+ |
Amend Exclusive Forum
Bylaw |
+ |
||
Amend Net Operating Loss
(“NOL”) Rights Plans |
+ |
|||
Authorize Share
Repurchase |
+ |
|||
Blank Check Preferred
Stock |
+ |
|||
Corporate Restructurings,
Merger Proposals and Spin-Offs |
+ | |||
Elimination of Preemptive
Rights |
+ | |||
+ |
Expensing Stock
Options |
+ |
||
Fair Price
Provisions |
+ | |||
Increase Authorized Common
Stock |
+ | |||
Issuance of Equity without
Preemptive Rights |
+ |
|||
Issuance of Stock with Unequal
Voting Rights |
+ | |||
Net Long Position
Requirement |
+ |
|||
Reincorporation |
+ | |||
+ |
Reincorporation to Another
jurisdiction to Permit Majority Voting or Other Changes in Corporate
Governance |
+ | ||
Stock Splits |
+ |
|||
+ |
Submit Company's Shareholder
Rights Plan to a Shareholder Vote |
+ |
||
Transferrable Stock
Options |
+ | |||
Auditor
Proposals |
||||
Appointment of
Auditors |
+ |
|||
Approval of Financial
Statements |
+ |
|||
Approval of Internal Statutory
Auditors |
+ |
|||
+ |
Limit Compensation Consultant
Services |
+ |
||
Limitation of Liability of
External Statutory Auditors (Japan) |
+ | |||
+ |
Separating Auditors and
Consultants |
+ | ||
Shareholder
Access & Voting Proposals |
||||
+ |
A Shareholder's Right to Call
Special Meetings |
+ |
||
+ |
Adopt Cumulative
Voting |
+ | ||
+ |
Adopt Cumulative Voting in Dual
Shareholder Class Structures |
+ |
Shareholder
Proposal |
Shareholder
Access & Voting Proposals (continued) |
For |
Against |
Case-by-Case |
+ |
Early Disclosure of Voting
Results |
+ |
||
+ |
Implement Confidential
Voting |
+ |
||
Limiting a Shareholder's Right
to Call Special Meeting |
+ |
|||
+ |
Permit a Shareholder's Right to
Act by Written Consent |
+ |
||
+ |
Proxy Access for Annual
Meetings |
+ |
||
Reduce Meeting Notification
from 21 Days to 14 Days (UK) |
+ |
|||
+ |
Rotation of Locale for Annual
Meeting |
+ |
||
+ |
Shareholder Proponent
Engagement Process |
+ |
||
Supermajority Vote
Requirements |
+ |
|||
Environmental
& Social, Disclosure Proposals |
||||
+ |
Animal Welfare |
+ | ||
+ |
Climate Change |
+ | ||
+ |
Carbon
Accounting |
+ |
||
+ |
Carbon Risk |
+ |
||
+ |
Charitable
Contributions |
+ | ||
+ |
Environmental
Proposals |
+ | ||
+ |
Genetically Altered or
Engineered Food and Pesticides |
+ | ||
+ |
Health
Proposals |
+ | ||
+ |
End Production of Tobacco
Products |
+ |
||
+ |
Spin-Off Tobacco-Related
Business |
+ | ||
+ |
Pharmaceutical Pricing
(US) |
+ | ||
+ |
Human Rights Policies and
Reports |
+ | ||
+ |
Include Sustainability as a
Performance Measure (SHP) |
+ | ||
+ |
Lobbying and Political
Spending |
+ |
||
+ |
Other Business |
+ |
||
+ |
Reimbursement of Shareholder
Expenses |
+ |
||
+ |
Sustainability
Report |
+ | ||
+ |
Work Place:
Diversity |
+ |
||
+ |
Work Place: Pay
Disparity |
+ |
Name of
Security |
Date of
Shareholder Meeting |
||
Short
Description of the conflict (client, mutual fund distributor,
etc.): |
1. |
Is our
proposed vote on all issues consistent with our stated proxy voting
policy?
If yes, stop here and sign
below as no further review is necessary. |
¨Yes |
¨No |
2. |
Is our
proposed vote contrary to our client’s position?
If yes, stop here and sign
below as no further review is necessary. |
¨Yes |
¨No |
3. |
Is our
proposed vote consistent with the views of Institutional Shareholder
Services?
If yes, stop here and sign
below as no further review is necessary. |
¨Yes |
¨No |
+ |
A list of the
issue(s) where our proposed vote is contrary to our stated policy
(director election, cumulative voting,
compensation) |
+ |
A description
of any substantive contact with any interested outside party and a proxy
voting committee or an AB investment professional that was material to our
voting decision. Please include date, attendees,
titles, organization
they represent and topics discussed. If there was no such contact, please
note as such. |
+ |
If the
Independent Compliance Officer has NOT determined that the proposed vote
is reasonable, please
explain and indicate what action has been, or will be
taken. |
Independent
Compliance Officer Approval (if necessary. Email approval is
acceptable.): |
Prepared
by: |
I hereby confirm that the
proxy voting decision referenced on this form is
reasonable. |
|
Print Name:
_________________________________ | |
Phillip
Kirstein |
Date:
______________________________________ |
Date:
____________________________________ |
1. |
Routine
Matters |
a. |
Election
of Directors |
(1) |
Generally.
The Advisor
will generally support the election of directors that result in a board
made up of a majority of independent directors. In general, the Advisor
will vote in favor of management's director nominees if they are running
unopposed. The Advisor believes that management is in the best possible
position to evaluate the qualifications of directors and the needs and
dynamics of a particular board. The Advisor of course maintains the
ability to vote against any candidate whom it feels is not qualified or if
there are specific concerns about the individual, such as allegations of
criminal wrongdoing or breach of fiduciary responsibilities. Additional
information the Advisor may consider concerning director nominees include,
but is not limited to, whether (1) there is an adequate explanation for
repeated absences at board meetings, (2) the nominee receives non-board
fee compensation, or (3) there is a family relationship between the
nominee and the company’s chief executive officer or controlling
shareholder. When management's nominees are opposed in a proxy contest,
the Advisor will evaluate which nominees' publicly-announced management
policies and goals are most likely to maximize shareholder value, as well
as the past performance of the incumbents.
|
(2) |
Committee
Service. The
Advisor will withhold votes for non-independent directors who serve on the
audit, compensation, and/or nominating committees of the board.
|
(3) |
Classification
of Boards. The
Advisor will support proposals that seek to declassify boards. Conversely,
the Advisor will oppose efforts to adopt classified board
structures. |
(4) |
Majority
Independent Board. The Advisor will support
proposals calling for a majority of independent directors on a board. The
Advisor believes that a majority of independent directors can help to
facilitate objective decision making and enhances accountability to
shareholders. |
(5) |
Majority
Vote Standard for Director Elections.
The Advisor
will vote in favor of proposals calling for directors to be elected by an
affirmative majority of the votes cast in a board election, provided that
the proposal allows for a plurality voting standard in the case of
contested elections. The Advisor may consider voting against such
shareholder proposals where a company’s board has adopted an alternative
measure, such as a director resignation policy, that provides a meaningful
alternative to the majority voting standard and appropriately addresses
situations where an incumbent director fails to receive the support of the
majority of the votes cast in an uncontested
election. |
(6) |
Withholding
Campaigns. The
Advisor will support proposals calling for shareholders to withhold votes
for directors where such actions will advance the principles set forth in
paragraphs (1) through (5) above. |
b. |
Ratification
of Selection of Auditors |
2. |
Compensation
Matters |
a. |
Executive
Compensation |
(1) |
Advisory
Vote on Compensation. The Advisor believes there
are more effective ways to convey concerns about compensation than through
an advisory vote on compensation (such as voting against specific
excessive incentive plans or withholding votes from compensation committee
members). The Advisor will consider and vote on a case-by-case basis on
say-on-pay proposals and will generally support management proposals
unless specific concerns exist, including if the Advisor concludes that
executive compensation is (i) misaligned with shareholder interests, (ii)
unreasonable in amount, or (iii) not in the aggregate meaningfully tied to
the company’s performance. |
(2) |
Frequency
of Advisory Votes on Compensation. The Advisor generally
supports the triennial option for the frequency of say-on-pay proposals,
but will consider management recommendations for an alternative
approach. |
b. |
Equity Based Compensation
Plans |
• |
Provide for immediate
vesting of all stock options in the event of a change of control of the
company without reasonable safeguards against abuse (see "Anti-Takeover
Proposals" below); |
• |
Reset outstanding stock
options at a lower strike price unless accompanied by a corresponding and
proportionate reduction in the number of shares designated. The Advisor
will generally oppose adoption of stock option plans that explicitly or
historically permit repricing of stock options, regardless of the number
of shares reserved for issuance, since their effect is impossible to
evaluate; |
• |
Establish restriction
periods shorter than three years for restricted stock
grants; |
• |
Do not reasonably associate
awards to performance of the company; or |
• |
Are excessively dilutive to
the company. |
3. |
Anti-Takeover
Proposals |
a. |
Cumulative
Voting |
b. |
Staggered
Board |
c. |
"Blank
Check" Preferred Stock |
d. |
Elimination
of Preemptive Rights |
e. |
Non-targeted
Share Repurchase |
f. |
Increase
in Authorized Common Stock |
g. |
"Supermajority"
Voting Provisions or Super Voting Share
Classes |
h. |
"Fair
Price" Amendments |
i. |
Limiting
the Right to Call Special Shareholder
Meetings. |
j. |
Poison
Pills or Shareholder Rights Plans |
k. |
Golden
Parachutes |
l. |
Reincorporation |
m. |
Confidential
Voting |
n. |
Opting In
or Out of State Takeover Laws |
4. |
Transaction
Related Proposals |
5. |
Other
Matters |
a. |
Shareholder
Proposals Involving Social, Moral or Ethical
Matters |
b. |
Anti-Greenmail
Proposals |
c. |
Indemnification |
d. |
Non-Stock
Incentive Plans |
e. |
Director
Tenure |
f. |
Directors’
Stock Options Plans |
g. |
Director
Share Ownership |
h. |
Non-U.S.
Proxies |
• |
Analytic’s proxy voting
policies and procedures, as well as the voting guidelines of the Proxy
Service; |
• |
Proxy statements received
regarding client securities (proxy statements filed via EDGAR will not be
separately maintained by Analytic); |
• |
Records of votes cast on
behalf of clients; |
• |
Records of written client
requests for voting information; |
• |
Records of written responses
from Analytic to both written and verbal client requests;
and |
• |
Any other documents prepared
that were material to Analytic’s decision to vote a proxy or that
memorialized the basis for the decision. |
• |
Research on corporate
governance, financial statements, business, legal and accounting risks;
|
• |
Proxy voting
recommendations, including ESG (Environmental, Social, Governance) voting
guidelines; |
• |
Portfolio accounting and
reconciliation of shareholdings for voting purposes;
|
• |
Proxy voting execution,
record keeping, and reporting services. |
• |
BHMS’ Proxy Oversight
Committee is responsible for implementing and monitoring BHMS’ proxy
voting policy, procedures, disclosures and recordkeeping, including
outlining our voting guidelines in our procedures. The Proxy Oversight
Committee conducts periodic reviews to monitor and ensure that the Firm’s
policy is observed, implemented properly, and amended or updated, as
appropriate. The Proxy Oversight Committee is made up of the Chief
Compliance and Risk Officer, the Responsible Investing Committee lead, the
Manager of Equity Operations, the ESG Research Coordinator, and an
at-large portfolio manager. |
• |
BHMS’ proxy coordinators
review and organize
the data and
recommendations provided by the proxy service. The proxy coordinators are
responsible for ensuring that the proxy ballots are routed to the
appropriate research analyst based on industry sector coverage. Proxy
coordinators are assigned from the equity operations
department. |
• |
BHMS research analysts
review and evaluate proxy proposals and make written recommendations to
the Proxy Voting Committee to ensure that votes are consistent with the
Firm’s analysis and are in the best interest of the shareholders, our
clients. |
• |
BHMS equity portfolio
managers are members of the Proxy Voting Committee. Equity portfolio
managers vote proxy proposals based on share ownership after giving
consideration to BHMS’ Proxy Voting Guidelines, internal research
recommendations, and the opinion of Glass Lewis. Proxy votes must be
approved by the Proxy Voting Committee before submitting to the proxy
service provider. |
• |
Voting proxies for the
Diversified Small Cap Value and Diversified Small/Mid Cap Value accounts
is done in accordance with the proxy service provider’s recommendations
for the following reasons: |
◦ |
Investments are based on a
quantitative model. Fundamental research is not performed for the
holdings. |
◦ |
The holding period is too
short to justify the time for analysis to
vote. |
• |
Potential conflicts may
arise when BHMS invests in equity securities of corporations who are also
clients of the Firm. BHMS seeks to mitigate potential conflicts
by: |
◦ |
Making voting decisions for
the benefit of the shareholder(s), our clients;
|
◦ |
Uniformly voting every proxy
based on BHMS’ internal research and consideration of Glass Lewis’
recommendations; and |
◦ |
Documenting the votes of
companies who are also clients of the
Firm. |
• |
If a material conflict of
interest exists, the proxy coordinators will determine whether it is
appropriate to disclose the conflict to the affected clients and give the
clients an opportunity to vote their proxies themselves, or to address the
voting issue through other objective means, such as voting in a manner
consistent with a predetermined voting policy or accepting the voting
recommendation of Glass Lewis. |
• |
BHMS sends a daily
electronic transfer of equity positions to the proxy service
provider. |
• |
The proxy service provider
identifies accounts eligible to vote for each security and posts the
proposals and research on its secure, proprietary online
system. |
• |
BHMS sends a proxy report to
clients at least annually (or as requested by client), listing the number
of shares voted and disclosing how proxies were
voted. |
• |
Voting records are retained
on the network, which is backed up daily. The proxy service provider
retains records for seven years. |
• |
BHMS’ Proxy Voting
Guidelines are available upon request by calling: (214) 665-1900, or by
e-mailing: [email protected].
|
• |
The proxy coordinators
retain the following proxy records for at least seven
years: |
◦ |
These policies and
procedures and any amendments; |
◦ |
Proxy statements received
regarding our clients’ securities; |
◦ |
A record of each proxy we
voted; |
◦ |
Proxy voting reports that
are sent to clients annually; |
◦ |
Any document BHMS created
that was material to making a decision on how to vote proxies, or that
memorializes that decision; and |
◦ |
Records of any client’s
request for proxy voting information. |
|
Global corporate governance
& |
|
engagement
principles |
|
|
|
February
2011 |
Contents |
| |
|
| |
Introduction to
BlackRock |
3 |
|
|
| |
Philosophy on corporate
governance |
3 |
|
|
| |
Corporate governance,
engagement and voting |
4 |
|
|
| |
Boards and
directors |
4 |
|
|
| |
Accounting and
audit-related issues |
5 |
|
|
| |
Capital structure, merger,
asset sales and other special transactions |
5 |
|
|
| |
Remuneration and
benefits |
6 |
|
|
| |
Social, ethical, and
environmental issues |
6 |
|
|
| |
General corporate governance
matters |
7 |
|
|
| |
BlackRock’s oversight of its
corporate governance activities |
7 |
|
|
| |
Oversight |
7 |
|
|
| |
Vote
execution |
7 |
|
|
| |
Conflicts
management |
8 |
|
|
| |
Voting
guidelines |
9 |
|
|
| |
Reporting |
9 |
|
1 Assets under
management are approximate, as of December 31, 2010, and are subject to
change. |
* |
Boards and
directors |
* |
Accounting and audit-related
issues |
* |
Capital structure, mergers,
asset sales and other special transactions |
* |
Remuneration and
benefits |
* |
Social, ethical and
environmental issues |
* |
General corporate governance
matters |
* |
establishing an appropriate
corporate governance structure; |
* |
overseeing and supporting
management in setting strategy; |
* |
ensuring the integrity of
financial statements; |
* |
making decisions regarding
mergers, acquisitions and disposals; |
* |
establishing appropriate
executive compensation structures; and |
* |
addressing business issues
including social, ethical and environmental issues when they have the
potential to materially impact company reputation and
performance. |
* |
current employment at the
company or a subsidiary; |
* |
former employment within the
past several years as an executive of the company; |
* |
providing substantial
professional services to the company and/or members of the company’s
management; |
* |
having had a substantial
business relationship in the past three years; |
* |
having, or representing a
shareholder with, a substantial shareholding in the
company; |
* |
being an immediate family
member of any of the aforementioned; and |
* |
interlocking
directorships. |
* |
BlackRock has adopted a
proxy voting oversight structure whereby the Corporate Governance
Committees oversee the voting decisions and other activities of the Global
Corporate Governance Group, and particularly its activities with respect
to voting in the relevant region of each committee’s
jurisdiction. |
* |
The Corporate Governance
Committees have adopted Guidelines for each region, which set forth the
firm’s views with respect to certain corporate governance and other issues
that typically arise in the proxy voting context. The Corporate
Governance Committee reserves the right to review voting decisions at any
time and to make voting decisions as necessary to ensure the independence
and integrity of the voting process. In addition, the Committee
receives periodic reports regarding the specific votes cast by the
Corporate Governance Group and regular updates on material process issues,
procedural changes and other matters of concern to the
Committee. |
* |
BlackRock’s Global Corporate
Governance Committee oversees the Global Head, the Corporate Governance
Group and the Corporate Governance Committees. The Global
Corporate Governance Committee conducts a review, at least annually, of
the proxy voting process to ensure compliance with BlackRock’s risk
policies and procedures. |
* |
BlackRock maintains a
reporting structure that separates the Global Head and Corporate
Governance Group from employees with sales responsibilities. In
addition, BlackRock maintains procedures to ensure that all engagements
with corporate issuers or dissident shareholders are managed consistently
and without regard to BlackRock’s relationship with the issuer of the
proxy or dissident shareholder. Within the normal course of
business, the Global Head or Corporate Governance Group may engage
directly with BlackRock clients, and with employees with sales
responsibilities, in discussions regarding general corporate governance
policy matters, and to otherwise ensure proxy-related client service
levels are met. The Global Head or Corporate Governance Group
does not discuss any specific voting matter with a client prior to the
disclosure of the vote decision to all applicable clients after the
shareholder meeting has taken place, except if the client is acting in the
capacity as issuer of the proxy or dissident shareholder and is engaging
through the established procedures independent of the client
relationship. |
* |
In certain instances,
BlackRock may determine to engage an independent fiduciary to vote proxies
as a further safeguard to avoid potential conflicts of interest or as
otherwise required by applicable law. The independent fiduciary
may either vote such proxies, or provide BlackRock with instructions as to
how to vote such proxies. In the latter case, BlackRock votes the proxy in
accordance with the independent fiduciary’s determination. Use
of an independent fiduciary has been adopted for voting the proxies
related to any company that is affiliated with BlackRock, or any company
that includes BlackRock employees on its board of
directors. |
• |
increased disclosure of a
company’s business ethics and code of conduct, as well as of its
activities that relate to social welfare; |
• |
development of sustainable
business practices, such as animal welfare policies, human rights
policies, and fair lending policies; and |
• |
disclosure of a company’s
lobbying practices and political and charitable
spending. |
• |
enhanced rights of workers,
and consideration of the communities and broader constituents in the areas
in which companies do business; |
• |
increased disclosure
regarding impact on local stakeholders, workers’ rights and human
rights; |
• |
adherence to codes of
conduct relating to labor standards, human rights conventions and
corporate responsibility; and |
• |
independent verification of
a company’s contractors’ compliance with labor and
|
• |
adoption of the Equator
Principles - a benchmark regarding social and environmental risk in
project financing; |
• |
improved sustainability
reporting and disclosure about company practices which impact the
environment; |
• |
increased disclosure of
environmental risk, compliance with international environmental
conventions and adherence to environmental
principles; |
• |
development of greenhouse
gas emissions reduction goals, recycling programs, and other proactive
means to mitigate a company’s environmental
impact; |
• |
consideration of energy
efficiency and renewable energy sources in a company’s development and
business strategy; |
• |
increased disclosure
regarding health and safety issues, including the labeling of the use of
genetically modified organisms, the elimination or reduction of toxic
emissions and use of toxic chemicals in manufacturing, and the prohibition
of tobacco sales to minors; |
• |
reporting on a company’s
drug reimportation guidelines, as well as on ethical responsibilities
relating to drug distribution and manufacture;
and |
• |
additional safety standards
regarding these matters. |
i) |
in the case of a Fund, the
firm shall contact the Fund board for a review and
determination; |
ii) |
in the case of all other
conflicts or potential conflicts, the firm may “echo vote” such shares, if
possible, which means the firm will vote the shares in the same proportion
as the vote of all other holders of the issuer’s shares;
or |
iii) |
in cases when echo voting is
not possible, the firm may defer to Glass Lewis recommendations or confer
with counsel to ensure that the proxy is voted in the best interest of the
client. |
• |
distributions of
income |
• |
appointment of
auditors |
• |
director compensation,
unless deemed excessive |
• |
boards of directors -
Causeway generally votes for management’s slate of director nominees.
However, it votes against incumbent nominees with poor attendance records,
or who have otherwise acted in a manner Causeway believes is not in the
best interests of shareholders. |
• |
financial results/director
and auditor reports |
• |
share repurchase
plans |
• |
changing corporate names and
other similar matters |
• |
amendments to articles of
association or other governing documents |
• |
changes in board or
corporate governance structure |
• |
changes in authorized
capital including proposals to issue
shares |
• |
compensation - Causeway
believes that it is important that a company’s equity-based compensation
plans, including stock option or restricted stock plans, are aligned with
the interests of shareholders, including Causeway’s clients. Causeway
evaluates compensation plans on a case-by-case basis. Causeway generally
opposes packages that it believes provide excessive awards or create
excessive shareholder dilution. Causeway generally opposes proposals to
reprice options because the underlying stock has fallen in
value. |
• |
debt issuance
requests |
• |
mergers, acquisitions and
other corporate reorganizations or
restructurings |
• |
changes in state or country
of incorporation |
• |
anti-takeover mechanisms -
Causeway generally opposes anti-takeover mechanisms including poison
pills, unequal voting rights plans, staggered boards, provisions requiring
supermajority approval of a merger and other matters that are designed to
limit the ability of shareholders to approve merger
transactions. |
• |
Causeway generally opposes
cumulative voting and attempts to classify boards of
directors. |
• |
social issues - Causeway
believes that it is management’s responsibility to handle such issues, and
generally votes with management on these types of issues, or abstains.
Causeway will oppose social proposals that it believes will be a detriment
to the investment performance of a portfolio
company. |
• |
If a “for” or “against” or
“with management” guideline applies to the proposal, Causeway will vote in
accordance with that guideline. |
• |
If a “for” or “against” or
“with management” guideline does not apply to the proposal, Causeway will
follow the recommendation of an independent third party such as ISS. If
Causeway seeks to follow the recommendation of a third party, the Chief
Operating Officer will assess the party’s capacity and competency to
analyze the issue, as well as the party’s ability to identify and address
conflicts of interest it may have with respect to the
recommendation. |
• |
strategy, financial policies,
disclosure, legal issues and standards of corporate behaviour W the level
and type of interaction with senior management
|
• |
relationships with the
shareholders and other stakeholders interested in the affairs of the
company (such as fund managers, creditors, debt financiers, analysts,
auditors and corporate regulators) |
• |
oversight of the company’s
material environmental and social risks1 and the manner in which these
are being monitored, disclosed and managed in the interests of
shareholders and other relevant stakeholders, and
|
• |
corporate performance.
|
• |
Directors/non-executive
directors – we
consider independence of a non-executive director to mean that they have
not been former executives of the relevant company for a minimum of five
(5) years. |
• |
Audit and
remuneration committees – membership of an audit
committee should be non-executive. Members of both committees should be
listed in annual reports and identified on the notice of re-election of
directors. It is preferred that only non-executive directors sit as
members of the remuneration committee. |
• |
New
directors – there
should be a formal and transparent procedure for the appointment of new
directors to a board. The Chairman and a majority of the members of the
Nomination Committee should be non-executive directors.
|
• |
Number of
board appointments – non-executive directors
must balance their number of board appointments with their personal
ability to provide a meaningful contribution to each board. Similarly,
executive directors who have outside directorships need to ensure that
their contribution to their current employer is not diminished.
|
• |
Removal of
directors – we
will not support changes to company constitutions that weaken the position
of non-executive directors on the board. |
• |
Retirement
by rotation –
with the exception of the Chief Executive, we expect all directors to seek
re-election, with one third seeking election each year. For directors over
the age of 72, and provided that the constitution of the company permits
re-election, the usual assessment criteria for selecting directors will
apply. |
• |
Division of
roles – in most
cases the role of Chairman and Chief Executive should be split. We
consider that board changes involving the Chief Executive becoming
Chairman or executive directors becoming nonexecutive is acceptable only
if there is a clear majority of independent
directors. |
• |
Hostile
takeovers –
CFSAMA will meet both parties at least once before making a decision. Any
decision made will be in the best interests of unit/shareholders.
|
• |
Political
donations –
CFSAMA supports the notion that companies should seek a mandate from
shareholders before making political donations. Such mandates should last
for no longer than three years. Justification of political donations
should be provided at the annual general meeting or in the annual
report. |
• |
Remuneration – we support the principle
that there should be full disclosure of directors’ total remuneration
packages, including share options, fringe benefits and retirement
benefits. We expect appropriate justification for levels of remuneration
and the link of these to company objectives and performance from the
Chairman of the Remuneration Committee. |
• |
Termination
payments – we
believe that payments on termination of executive directors’ contracts
should not be excessive. In the case of poor performance, a statement of
justification should be given. We may write to the Chairman of the
Remuneration Committee to ask for details of compensation payments to
departing executive directors if they are not published. Disclosure of any
contingent liabilities should be made. |
• |
Long term
incentive schemes
– we support the introduction of share-based incentive schemes as a means
of aligning the longer-term interests of management and shareholders.
These schemes should be subject to shareholder approval and have
reasonably demanding performance targets. We prefer that no awards vest
at, or below, median performance with an appropriate comparator universe.
|
• |
Options for
non-executive directors – we are of the view that
these should not be granted. We support the notion that non-executive
directors can be paid in the stock of the company.
|
• |
Environmental
and social risks
– we believe that well governed companies have appropriate environmental
and social risk policies and management procedures in place. As part of
the governance process, we expect boards to have oversight of these risks
and policies, and executive management to be able to publicly report on
these risks and there management and indicate where appropriate the
potential impact on company earnings. |
• |
Engagement
– as owners, or
potential owners, engage companies, and where appropriate, vote on issues
where company value is at risk from ESG issues
|
• |
Voting – as owners, CFSAMA portfolio
managers will develop their own voting positions on key environmental and
social issues, and |
• |
Reporting – the outcomes of engagement
and voting activities to clients. |
• |
Environmental and social risks
impacting materially on earnings, including contingent liabilities
|
• |
Governance policies and
procedures for assuring compliance with internal ESG policies, improving
performance and mitigating risks across operations, supply chain and
products and services |
• |
CFSAMA expects all ASX/S&P
300 companies to report in keeping with these guidelines
|
• |
ESG risks
and performance –
companies are encouraged to report their ESG performance publically on a
regular basis in line with the Global Reporting Initiative’s G3
Guidelines. In recommending G3 as the preferred ESG disclosure framework,
CFSAMA expects companies, especially smaller companies and companies in
emerging markets, to select only those key performance indicators that
appropriately represent the material ESG considerations pertinent to their
operations (see Appendix C) |
• |
Emerging
markets – for
companies with operations in developing countries and/or who source
products from these companies, CFSAMA expects these companies to be
operating within the OECD Guidelines for Multinational Enterprises
(Appendix C) |
• |
Climate
change –
companies operating in high energy and greenhouse gas intensive sectors
are expected to report their climate change risks and opportunities in
line with the Global Framework for Climate Risk Disclosure (Appendix C),
and |
• |
Sector
guidelines –
should CFSAMA develop its own sector guidelines, it will make these
available to companies which face material ESG issues in their operations.
|
• |
Risk
– where CFSAMA’s
assessment shows that certain ESG factors have a material impact on
company earnings or value or have the potential to do so
|
• |
Management
Performance –
where, in CFSAMA’s assessment, management is not adequately addressing ESG
issues that could have a material impact on earnings and/or value
|
• |
Process – in keeping with CFSAMA’s
approach, company engagement on ESG issues, when necessary, will be
primarily carried out on a direct basis (e.g. by correspondence requesting
information and/or clarification; meeting with management; and indirectly
via its proxy voting process |
• |
Outcomes – CFSAMA takes its ownership
and engagement responsibilities seriously and will only engage companies
on material issues. CFSAMA engages companies to achieve specific outcomes,
namely ensure good ESG practices and thereby protect investor interests.
In instances where management does not respond adequately to CFSAMA’s
engagement, this may impact negatively on its valuation assessment and/or
could result in CFSAMA divesting its ownership
|
• |
Accountability
– given
engagement is an integral part of ownership, company engagement is best
carried out by the responsible portfolio managers and their investment
teams |
• |
Themes – CFSAMA recognises that ESG
covers a wide range of issues and therefore it will concentrate its
efforts on those material ESG issues in which it has a significant
understanding and where it can exert influence towards achieving a
specific outcome, and |
• |
Collaboration
– CFSAMA
recognises the benefits of collaborative engagement and therefore where
appropriate, may collaborate in industry initiatives and forums where
appropriate. |
• |
Guideline
1: Communication
Investment managers should encourage direct contact with companies
including constructive communication with both senior management and board
members about performance, corporate governance and other matters
affecting shareholder interests. |
• |
Guideline
2: Voting
Investment managers should vote on all material issues at all Australian
company meetings where they have voting authority and responsibility to do
so. |
• |
Guideline
3: Proxy Voting Policy and Procedures Investment managers should
have a written policy on the exercising of proxy votes that is approved by
their board and formal internal procedures to ensure that policy is
applied consistently. |
• |
Guideline
4: Reporting to Clients Wherever a client delegates
responsibility for exercising proxy votes, the investment manager should
report back to the client when votes are cast (including abstentions) on
investment owned by the client. Reporting on voting should be part of the
regular reporting process to each client. The investment manager should
report back to clients whether or not the votes are cast. The report
should include a positive statement that the investment manager has
complied with its obligation to exercise voting rights in the client’s
interests only. If an investment manager is unable to make the statement
without qualification, the report should include an explanation.
|
• |
integrate ESG considerations
into our investment, ownership and engagement policies and procedures
|
• |
engage with companies in which
we invest, or are considering for investment, with regard to their ESG
risk management strategies, performance, disclosure and management
capabilities, as well as sharing with them our approach and implementation
progress |
• |
assess ESG risks at a sector
and asset level, rather than excluding any specific sectors from
consideration W develop specific policies and procedures on how we
approach prominent ESG issues, such as climate change and human rights
|
• |
encourage the entities in
which we invest to improve and report on their ESG performance in keeping
with emerging best practice |
• |
promote responsible investment
by playing an active part in relevant debates, policy consultations and in
the global network of investors who face similar ESG integration
challenges, and |
• |
manage and report on our own
ESG performance in keeping with emerging best practice. We will annually
review our performance, with the setting of objectives and targets at the
end of each calendar year, commencing in 2007. We will also submit annual
reviews to the UN PRI on our progress. |
1. |
Australian
Superannuation ESG Guidelines – contains suggestions for funds
on how to incorporate ESG issues into investment processes and to
facilitate the broader consideration of ESG issues across the investment
industry. The guidelines also provide suggestions for fund managers and
asset consultants to assist with the consideration of ESG issues, outlines
the expectations that superannuation funds may have of their service
providers and provides broad expectations and suggestions on ESG
disclosure for listed companies. |
2. |
The Global
Reporting Initiative (GRI) – is a not-for-profit,
worldwide, multi-stakeholder network of business, civil society, labour,
investors, accountants and others that collaborate through
consensus-seeking approaches to create and continuously improve a
sustainability reporting framework. The third version of the Guidelines,
known as the G3 Guidelines, is the world’s most widely used sustainability
reporting framework. |
3. |
Global
Framework for Climate Risk Disclosure – is a statement of investors’
expectations about the information that they need to analyse climate risk
and opportunities. The Framework aims to encourage standardised climate
risk disclosure so that it is easy for companies to provide and easy for
investors to analyse. The Framework is not a new reporting mechanism.
Instead, the investors supporting the Framework intend for companies to
report through existing reporting mechanisms, including mandatory
financial disclosures to securities agencies, the leading voluntary
mechanisms (the Carbon Disclosure Project and the Global Reporting
Initiative), and other communications with investors.
|
4. |
Carbon
Disclosure Project (CDP) – is an independent
not-for-profit organisation, supported by investors, that facilitates a
dialogue with companies, supported by quality information regarding the
implications for shareholder value and commercial operations presented by
climate change. The cornerstone of the CDP is the annual survey of the
world’s largest corporations and which is emerging as one of the main
climate change reporting frameworks. |
5. |
OECD
Guidelines for Multinational Enterprises – are recommendations
addressed by governments to multinational enterprises operating in or from
adhering countries (the 30 OECD member countries plus ten non-member
countries: Argentina, Brazil, Chile, Egypt, Estonia, Israel, Latvia,
Lithuania, Romania and Slovenia). They provide voluntary principles and
standards for responsible business conduct in a variety of areas including
employment and industrial relations, human rights, environment,
information disclosure, combating bribery, consumer interests, science and
technology, competition, and taxation. |
1) |
provides clients with a
concise summary of its proxy voting policy, which includes information
describing how clients may obtain a copy of this complete policy and
information regarding how specific proxies related to each respective
investment account are voted. Columbus Circle provides this summary to all
new clients as part of its Form ADV, Part 2 Brochure, which is available
to any clients upon request; |
2) |
applies its proxy voting
policy according to the following voting policies and keeps records of
votes for each client through Institutional Shareholder
Services; |
3) |
keeps records of proxy
voting available for inspection by each client or governmental agencies -
to both determine whether the votes were consistent with policy and to
determine all proxies were voted; |
4) |
monitors such voting for any
potential conflicts of interest and maintains systems to deal with these
issues appropriately; and |
5) |
maintains this written proxy
voting policy, which may be updated and supplemented from time to
time; |
1. |
When voting on ballot items
that are fairly common management sponsored initiatives certain items are
generally, although not always, voted
affirmatively. |
• |
"Normal" elections of
directors |
• |
Approval of
auditors/CPA |
• |
Directors' liability and
indemnification |
• |
General updating/corrective
amendments to charter |
• |
Elimination of cumulative
voting |
• |
Elimination of preemptive
rights |
2. |
When voting items that have
a potential substantive financial or best interest impact, certain items
are generally, although not always, voted
affirmatively: |
• |
Capitalization changes that
eliminate other classes of stock and voting
rights |
• |
Changes in capitalization
authorization for stock splits, stock dividends,
and |
• |
Stock purchase plans with an
exercise price of not less than 85% FMV |
• |
Stock option plans that are
incentive based and not excessive |
• |
Reductions in supermajority
vote requirements |
• |
Adoption of antigreenmail
provisions |
3. |
When voting items which have
a potential substantive financial or best interest impact, certain items
are generally not voted in support of the proposed management sponsored
initiative: |
• |
Capitalization changes that
add classes of stock that are blank check
in |
• |
Changes in capitalization
authorization where management does not offer
an |
• |
Anti-takeover and related
provisions which serve to prevent the majority
of |
• |
Amendments to bylaws that
would require super-majority shareholder
votes |
• |
Classified or single-slate
boards of directors |
• |
Reincorporation into a state
that has more stringent anti-takeover and related
|
• |
Shareholder rights plans
that allow appropriate offers to shareholders to
be |
• |
Excessive compensation or
non-salary compensation related proposals,
always |
• |
Change-in-control provisions
in non-salary compensation plans,
employment |
• |
Amending articles to relax
quorum requirements for special
resolutions |
• |
Re-election of director(s)
directly responsible for a company’s fraudulent or criminal
act |
• |
Re-election of director(s)
who holds offices of chairman and CEO |
• |
Re-election of director(s)
who serve on audit, compensation and nominating
committees |
• |
Election of directors with
service contracts of three years, which exceed best practice and any
change in control provisions |
• |
Adoption of option
plans/grants to directors or employees of related
companies |
• |
Lengthening internal
auditors’ term in office to four years |
1. |
When voting shareholder
proposals, in general, initiatives related to the following items are
supported: |
• |
Auditors should attend the
annual meeting of shareholders |
• |
Election of the board on an
annual basis |
• |
Equal access to proxy
process |
• |
Submit shareholder rights
plan poison pill to vote or redeem |
• |
Undo various anti-takeover
related provisions |
• |
Reduction or elimination of
super-majority vote requirements |
• |
Anti-greenmail
provisions |
• |
Submit audit firm
ratification to shareholder votes |
• |
Audit firm rotations every
five or more years |
• |
Requirement to expense stock
options |
• |
Establishment of holding
periods limiting executive stock sales |
• |
Report on executive
retirement benefit plans |
• |
Require two-thirds of board
to be independent |
• |
Separation of chairman and
chief executive posts |
2. |
When voting shareholder
proposals, in general, initiatives related to the following items are not
supported: |
• |
Requiring directors to own
large amounts of stock before being eligible to
be |
• |
Restoring cumulative voting
in the election of directors |
• |
Reports which are costly to
provide or which would require duplicative
efforts |
• |
Restrictions related to
social, political or special interest issues which
impact |
• |
Restrictions banning future
stock option grants to executives except in extreme
cases |
3. |
Additional shareholder
proposals require case-by-case analysis |
• |
Prohibition or restriction
of auditors from engaging in non-audit services (auditors will be voted
against if non-audit fees are greater than audit and audit-related fees,
and permitted tax fees combined) |
• |
Requirements that stock
options be performance-based |
• |
Submission of extraordinary
pension benefits for senior executives under a company’s SERP for
shareholder approval |
• |
Shareholder access to
nominate board members |
• |
Requiring offshore companies
to reincorporate into the United States |
III. |
Conflicts
of Interest |
• |
for investment fund clients
of DDJ that have established an independent board of advisors, DDJ will
disclose the conflict to such board of advisers of the applicable
investment fund, and either vote the proxy as instructed by the applicable
board or obtain a waiver for DDJ to vote the
proxy; |
• |
for investment fund clients
of DDJ that have not established a board of advisors, DDJ will disclose
the conflict (a) to such fund's independent accountants or another
unaffiliated third party advisor selected by DDJ, and vote the proxy in
accordance with the instructions of such proxy advisor, or (b) to the
underlying investors (e.g., limited partners) of such investment fund and
seek either voting instructions or a waiver of the conflict directly from
a majority in interest with respect to such
investors; |
• |
for any commingled vehicle
established as a trust, DDJ will disclose the conflict to the trustee of
such entity (provided that the trustee is unaffiliated with DDJ), and seek
either voting instructions or a waiver of the conflict from such
trustee; |
• |
for ERISA accounts, DDJ will
disclose the conflict to the plan sponsor, trustee or other named
fiduciary for the plan and seek either voting instructions or a waiver of
the conflict from such fiduciary; and |
• |
for other non-ERISA separate
accounts, DDJ will disclose the conflict to the underlying client and seek
either voting instructions or a waiver of the conflict directly from such
client. |
(i) |
a copy of DDJ's internal
policies and procedures with respect to proxy voting, as updated from time
to time; |
(ii) |
copies of proxy statements
received regarding securities held in client accounts, unless the
materials are available electronically through the SEC's EDGAR
system; |
(iv) |
a copy of any internal
documents created by DDJ that were material to making the decision how to
vote proxies on behalf of its clients;
and |
(v) |
each written client request
for proxy voting records and DDJ's written response to any (written or
oral) client request for such records. |
• |
long-term corporate
performance record of the company's stock relative to a market index;
and |
• |
evaluation of what each side
is offering shareholders, as well as the likelihood that the proposed
objectives and goals can be met; and |
• |
stock ownership positions of
director nominees. |
III. |
Auditors
Ratifying Auditors |
• |
An auditor has a financial
interest in or association with the company, and is therefore not
independent; |
• |
There is reason to believe
that the independent auditor has rendered an opinion that is neither
accurate nor indicative of the company’s financial
position; |
• |
Poor accounting practices are
identified that rise to a serious level of concern, such as: fraud;
misapplication of GAAP, or material weaknesses identified in Section 404
disclosures; or |
• |
Fees for non-audit services
(“other” fees) are excessive. |
• |
Non-audit (“other”) fees >
audit fees + audit-related fees + tax compliance/preparation
fees. |
1. |
Accountability
|
1.1 |
The board is classified, and a
continuing director responsible for a problematic governance issue at the
board/committee level that would warrant a withhold/against vote
recommendation is not up for election. All appropriate nominees (except
new) may be held accountable. |
1.2 |
The board lacks accountability
and oversight, coupled with sustained poor performance relative to peers.
Sustained poor performance is measured by one- and three-year total
shareholder returns in the bottom half of a company’s four-digit GICS
industry group (Russell 3000 companies only). Take into consideration the
company’s five-year total shareholder return and operational metrics.
Problematic provisions include but are not limited
to: |
• |
A classified board
structure; |
• |
A supermajority vote
requirement; |
• |
Either a plurality vote
standard in uncontested director elections or a majority vote standard
with no plurality carve-out for contested
elections; |
• |
The inability of shareholders
to call special meetings; |
• |
The inability of shareholders
to act by written consent; |
• |
A dual-class capital
structure; and/or |
• |
A non-shareholder-approved
poison pill. |
1.3 |
The company’s poison pill has
a “dead-hand” or “modified dead-hand” feature. Vote AGAINST or WITHHOLD
from nominees every year until this feature is
removed; |
1.4 |
The board adopts a poison pill
with a term of more than 12 months (“long-term pill”), or renews any
existing pill, including any “short-term” pill (12 months or less),
without shareholder approval. A commitment or policy that puts a newly
adopted pill to a binding shareholder vote may potentially offset an
adverse vote recommendation. Review such companies with classified boards
every year, and such companies with annually elected boards at least once
every three years, and vote AGAINST or WITHHOLD votes from all nominees if
the company still maintains a non-shareholder-approved poison pill;
or |
1.5 |
The board makes a material
adverse change to an existing poison pill without shareholder approval.
|
1.6 |
The board adopts a poison pill
with a term of 12 months or less (“short-term pill”) without shareholder
approval, taking into account the following factors:
|
• |
The date of the pill‘s
adoption relative to the date of the next meeting of
shareholders-i.e. whether the company had time
to put the pill on ballot for shareholder ratification given the
circumstances; |
• |
The issuer’s rationale;
|
• |
The issuer’s governance
structure and practices; and |
• |
The issuer’s track record of
accountability to shareholders. |
1.7 |
The non-audit fees paid to the
auditor are excessive (see discussion under “Auditor
Ratification”); |
1.8 |
The company receives an
adverse opinion on the company’s financial statements from its auditor; or
|
1.9 |
There is persuasive evidence
that the Audit Committee entered into an inappropriate indemnification
agreement with its auditor that limits the ability of the company, or its
shareholders, to pursue legitimate legal recourse against the audit
firm. |
1.10 |
Poor accounting practices are
identified that rise to a level of serious concern, such as: fraud;
misapplication of GAAP; and material weaknesses identified in Section 404
disclosures. Examine the severity, breadth, chronological sequence and
duration, as well as the company’s efforts at remediation or corrective
actions, in determining whether WITHHOLD/AGAINST votes are
warranted. |
1.11 |
There is a significant
misalignment between CEO pay and company performance (pay for
performance); |
1.12 |
The company maintains
significant problematic pay practices; |
1.13 |
The board exhibits a
significant level of poor communication and responsiveness to
shareholders; |
1.14 |
The company fails to submit
one-time transfers of stock options to a shareholder vote;
or |
1.15 |
The company fails to fulfill
the terms of a burn rate commitment made to shareholders.
|
1.16 |
The company's previous
say-on-pay proposal received the support of less than 70 percent of votes
cast, taking into account: |
• |
The company's response,
including: |
◦ |
Disclosure of engagement
efforts with major institutional investors regarding the issues that
contributed to the low level of support; |
◦ |
Specific actions taken to
address the issues that contributed to the low level of support;
|
◦ |
Other recent compensation
actions taken by the company; |
• |
Whether the issues raised are
recurring or isolated; |
• |
The company's ownership
structure; and |
• |
Whether the support level was
less than 50 percent, which would warrant the highest degree of
responsiveness. |
1.17 |
Generally vote against or
withhold from directors individually, committee members, or the entire
board (except new nominees, who should be considered case-by-case) if the
board amends the company's bylaws or charter without shareholder approval
in a manner that materially diminishes shareholders' rights or that could
adversely impact shareholders, considering the following factors, as
applicable: |
• |
The board's rationale for
adopting the bylaw/charter amendment without shareholder ratification;
|
• |
Disclosure by the company of
any significant engagement with shareholders regarding the amendment;
|
• |
The level of impairment of
shareholders' rights caused by the board's unilateral amendment to the
bylaws/charter; |
• |
The board's track record with
regard to unilateral board action on bylaw/charter amendments or other
entrenchment provisions; |
• |
The company's ownership
structure; |
• |
The company's existing
governance provisions; |
• |
The timing of the board's
amendment to the bylaws/charter in connection with a significant business
development; and |
• |
Other factors, as deemed
appropriate, that may be relevant to determine the impact of the amendment
on shareholders. |
• |
Classified the
board; |
• |
Adopted supermajority vote
requirements to amend the bylaws or charter; or
|
• |
Eliminated shareholders'
ability to amend bylaws. |
1.18 |
For newly public companies,
generally vote against or withhold from directors individually, committee
members, or the entire board (except new nominees, who should be
considered case-by-case) if, prior to or in connection with the company's
public offering, the company or its board adopted bylaw or charter
provisions materially adverse to shareholder rights, considering the
following factors: |
• |
The disclosed rationale for
adopting the provision; |
• |
The ability to change the
governance structure in the future (e.g., limitations on shareholders’
right to amend the bylaws or charter, or supermajority vote requirements
to amend the bylaws or charter); |
• |
The ability of shareholders to
hold directors accountable through annual director elections, or whether
the company has a classified board structure;
and, |
• |
A public commitment to put the
provision to a shareholder vote within three years of the date of the
initial public offering. |
1.19 |
Material failures of
governance, stewardship, risk oversight5, or fiduciary
responsibilities at the company; |
1.20 |
Failure to replace management
as appropriate; or |
1.21 |
Egregious actions related to a
director’s service on other boards that raise substantial doubt about his
or her ability to effectively oversee management and serve the best
interests of shareholders at any company. |
2. |
Responsiveness |
2.1 |
The board failed to act on a
shareholder proposal that received the support of a majority of the shares
cast in the previous year. Factors that will be considered
are: |
• |
Disclosed outreach efforts by
the board to shareholders in the wake of the
vote; |
• |
Rationale provided in the
proxy statement for the level of
implementation; |
• |
The subject matter of the
proposal; |
• |
The level of support for and
opposition to the resolution in past
meetings; |
• |
Actions taken by the board in
response to the majority vote and its engagement with
shareholders; |
• |
The continuation of the
underlying issue as a voting item on the ballot (as either shareholder or
management proposals); and |
• |
Other factors as
appropriate. |
2.2 |
The board failed to act on
takeover offers where the majority of shares are tendered;
|
2.3 |
At the previous board
election, any director received more than 50 percent withhold/against
votes of the shares cast and the company has failed to address the
issue(s) that caused the high withhold/against vote;
|
2.4 |
The board implements an
advisory vote on executive compensation on a less frequent basis than the
frequency that received the majority of votes cast at the most recent
shareholder meeting at which shareholders voted on the say-on-pay
frequency; or |
2.5 |
The board implements an
advisory vote on executive compensation on a less frequent basis than the
frequency that received a plurality, but not a majority, of the votes cast
at the most recent shareholder meeting at which shareholders voted on the
say-on-pay frequency, taking into
account: |
• |
The board's rationale for
selecting a frequency that is different from the frequency that received a
plurality; |
• |
The company's ownership
structure and vote results; |
• |
ISS' analysis of whether there
are compensation concerns or a history of problematic compensation
practices; and |
• |
The previous year's support
level on the company's say-on-pay
proposal. |
3. |
Composition
|
3.1 |
Generally vote AGAINST or
WITHHOLD from directors (except new nominees, who should be considered
CASE-BY-CASE6) who attend less than 75
percent of the aggregate of their board and committee meetings for the
period for which they served, unless an acceptable reason for absences is
disclosed in the proxy or another SEC filing. Acceptable reasons for
director absences are generally limited to the
following: |
• |
Medical
issues/illness; |
• |
Family emergencies;
and |
• |
Missing only one meeting (when
the total of all meetings is three or
fewer). |
3.2 |
If the proxy disclosure is
unclear and insufficient to determine whether a director attended at least
75 percent of the aggregate of his/her board and committee meetings during
his/her period of service, vote AGAINST or WITHHOLD from the director(s)
in question. |
3.3 |
Sit on more than six public
company boards7; or |
3.4 |
Are CEOs of public companies
who sit on the boards of more than two public companies besides their
own-withhold only at their outside boards8. |
4. |
Independence |
4.1 |
The inside or affiliated
outside director serves on any of the three key committees: audit,
compensation, or nominating; |
4.2 |
The company lacks an audit,
compensation, or nominating committee so that the full board functions as
that committee; |
4.3 |
The company lacks a formal
nominating committee, even if the board attests that the independent
directors fulfill the functions of such a committee; or
|
4.4 |
Independent directors make up
less than a majority of the directors. |
• |
Long-term financial
performance of the company relative to its
industry; |
• |
Management’s track
record; |
• |
Background to the contested
election; |
• |
Nominee qualifications and any
compensatory arrangements; |
• |
Strategic plan of dissident
slate and quality of the critique against management; likelihood that the
proposed goals and objectives can be achieved (both slates);
and |
• |
Stock ownership
positions. |
• |
The company's
stated rationale for adopting such a provision;
|
• |
Disclosure of
past harm from shareholder lawsuits in which plaintiffs were unsuccessful
or shareholder lawsuits outside the jurisdiction of incorporation;
|
• |
The breadth of
application of the bylaw, including the types of lawsuits to which it
would apply and the definition of key terms; and
|
• |
Governance
features such as shareholders' ability to repeal the provision at a later
date (including the vote standard applied when shareholders attempt to
amend the bylaws) and their ability to hold directors accountable through
annual director elections and a majority vote standard in uncontested
elections |
• |
No lower than a 20% trigger,
flip-in or flip-over; |
• |
A term of no more than three
years; |
• |
No dead-hand, slow-hand,
no-hand or similar feature that limits the ability of a future board to
redeem the pill; |
• |
Shareholder redemption feature
(qualifying offer clause); if the board refuses to redeem the pill 90 days
after a qualifying offer is announced, 10 percent of the shares may call a
special meeting or seek a written consent to vote on rescinding the pill.
|
• |
The ownership threshold to
transfer (NOL pills generally have a trigger slightly below 5 percent);
|
• |
The value of the NOLs;
|
• |
Shareholder protection
mechanisms (sunset provision, or commitment to cause expiration of the
pill upon exhaustion or expiration of NOLs);
|
• |
The company's existing
governance structure including: board independence, existing takeover
defenses, track record of responsiveness to shareholders, and any other
problematic governance concerns; and |
• |
Any other factors that may be
applicable. |
• |
Shareholders' current right to
act by written consent; |
• |
The consent threshold;
|
• |
The inclusion of exclusionary
or prohibitive language; |
• |
Investor ownership structure;
and |
• |
Shareholder support of, and
management's response to, previous shareholder
proposals. |
• |
An unfettered13 right for shareholders to
call special meetings at a 10 percent
threshold; |
• |
A majority vote standard in
uncontested director elections; |
• |
No non-shareholder-approved
pill; and |
• |
An annually elected board.
|
• |
Past Board
Performance: |
◦ |
The company's use of
authorized shares during the last three
years |
• |
The Current
Request: |
◦ |
Disclosure in the proxy
statement of the specific purposes of the proposed
increase; |
◦ |
Disclosure in the proxy
statement of specific and severe risks to shareholders of not approving
the request; and |
◦ |
The dilutive impact of the
request as determined by an allowable increase calculated by ISS
(typically 100 percent of existing authorized shares) that reflects the
company's need for shares and total shareholder
returns. |
A. |
Most companies: 100
percent of
existing authorized shares. |
B. |
Companies with less than 50
percent of existing authorized shares either outstanding or reserved for
issuance: 50
percent of
existing authorized shares. |
C. |
Companies with one- and
three-year total shareholder returns (TSRs) in the bottom 10 percent of
the U.S. market as of the end of the calendar quarter that is closest to
their most recent fiscal year end: 50
percent of
existing authorized shares. |
D. |
Companies at which both
conditions (B and C) above are both present: 25
percent of
existing authorized shares. |
• |
The company discloses a
compelling rationale for the dual-class capital structure, such
as: |
◦ |
The company's auditor has
concluded that there is substantial doubt about the company's ability to
continue as a going concern; or |
◦ |
The new class of shares will
be transitory; |
• |
The new class is intended for
financing purposes with minimal or no dilution to current shareholders in
both the short term and long term; and |
• |
The new class is not designed
to preserve or increase the voting power of an insider or significant
shareholder. |
• |
Past Board
Performance: |
◦ |
The company's use of
authorized preferred shares during the last three
years; |
• |
The Current
Request: |
◦ |
Disclosure in the proxy
statement of the specific purposes for the proposed
increase; |
◦ |
Disclosure in the proxy
statement of specific and severe risks to shareholders of not approving
the request; |
◦ |
In cases where the company has
existing authorized preferred stock, the dilutive impact of the request as
determined by an allowable increase calculated by ISS (typically 100
percent of existing authorized shares) that reflects the company's need
for shares and total shareholder returns;
and |
◦ |
Whether the shares requested
are blank check preferred shares that can be used for antitakeover
purposes. |
• |
Valuation - Is the value to be received
by the target shareholders (or paid by the acquirer) reasonable? While the
fairness opinion may provide an initial starting point for assessing
valuation reasonableness, emphasis is placed on the offer premium, market
reaction and strategic rationale. |
• |
Market
reaction - How
has the market responded to the proposed deal? A negative market reaction
should cause closer scrutiny of a deal. |
• |
Strategic
rationale - Does
the deal make sense strategically? From where is the value derived? Cost
and revenue synergies should not be overly aggressive or optimistic, but
reasonably achievable. Management should also have a favorable track
record of successful integration of historical acquisitions.
|
• |
Negotiations
and process -
Were the terms of the transaction negotiated at arm's-length? Was the
process fair and equitable? A fair process helps to ensure the best price
for shareholders. Significant negotiation "wins" can also signify the deal
makers' competency. The comprehensiveness of the sales process
(e.g., full auction, partial
auction, no auction) can also affect shareholder value.
|
• |
Conflicts
of interest - Are
insiders benefiting from the transaction disproportionately and
inappropriately as compared to non-insider shareholders? As the result of
potential conflicts, the directors and officers of the company may be more
likely to vote to approve a merger than if they did not hold these
interests. Consider whether these interests may have influenced these
directors and officers to support or recommend the merger.
|
• |
Governance - Will the combined company
have a better or worse governance profile than the current governance
profiles of the respective parties to the transaction? If the governance
profile is to change for the worse, the burden is on the company to prove
that other issues (such as valuation) outweigh any deterioration in
governance. |
1. |
Maintain appropriate
pay-for-performance alignment, with emphasis on long-term shareholder
value: This principle encompasses overall executive pay practices, which
must be designed to attract, retain, and appropriately motivate the key
employees who drive shareholder value creation over the long term. It will
take into consideration, among other factors, the link between pay and
performance; the mix between fixed and variable pay; performance goals;
and equity-based plan costs; |
2. |
Avoid arrangements that risk
“pay for failure”: This principle addresses the appropriateness of long or
indefinite contracts, excessive severance packages, and guaranteed
compensation; |
3. |
Maintain an independent and
effective compensation committee: This principle promotes oversight of
executive pay programs by directors with appropriate skills, knowledge,
experience, and a sound process for compensation decision-making
(e.g., including access to
independent expertise and advice when
needed); |
4. |
Provide shareholders with
clear, comprehensive compensation disclosures: This principle underscores
the importance of informative and timely disclosures that enable
shareholders to evaluate executive pay practices fully and
fairly; |
5. |
Avoid inappropriate pay to
non-executive directors: This principle recognizes the interests of
shareholders in ensuring that compensation to outside directors does not
compromise their independence and ability to make appropriate judgments in
overseeing managers’ pay and performance. At the market level, it may
incorporate a variety of generally accepted best
practices. |
• |
There is a significant
misalignment between CEO pay and company performance (pay for
performance); |
• |
The company maintains
significant problematic pay practices; |
• |
The board exhibits a
significant level of poor communication and responsiveness to
shareholders. |
• |
There is no MSOP on the
ballot, and an AGAINST vote on an MSOP is warranted due to a pay for
performance misalignment, problematic pay practices, or the lack of
adequate responsiveness on compensation issues raised previously, or a
combination thereof; |
• |
The board fails to respond
adequately to a previous MSOP proposal that received less than 70 percent
support of votes cast; |
• |
The company has recently
practiced or approved problematic pay practices, including option
repricing or option backdating; or |
• |
The situation is
egregious. |
1. |
Peer Group16
Alignment: |
• |
The degree of alignment
between the company's annualized TSR rank and the CEO's annualized total
pay rank within a peer group, each measured over a three-year
period. |
• |
The multiple of the CEO's
total pay relative to the peer group median.
|
2. |
Absolute Alignment - the
absolute alignment between the trend in CEO pay and company TSR over the
prior five fiscal years - i.e., the difference between the trend in annual
pay changes and the trend in annualized TSR during the
period. |
• |
The ratio of performance- to
time-based equity awards; |
• |
The overall ratio of
performance-based compensation; |
• |
The completeness of disclosure
and rigor of performance goals; |
• |
The company's peer group
benchmarking practices; |
• |
Actual results of
financial/operational metrics, such as growth in revenue, profit, cash
flow, etc., both absolute and relative to
peers; |
• |
Special circumstances related
to, for example, a new CEO in the prior FY or anomalous equity grant
practices (e.g., bi-annual awards); |
• |
Realizable pay compared to
grant pay; and |
• |
Any other factors deemed
relevant. |
• |
Problematic practices related
to non-performance-based compensation
elements; |
• |
Incentives that may motivate
excessive risk-taking; and |
• |
Options
Backdating. |
• |
Repricing or replacing of
underwater stock options/SARS without prior shareholder approval
(including cash buyouts and voluntary surrender of underwater
options); |
• |
Excessive perquisites or tax
gross-ups, including any gross-up related to a secular trust or restricted
stock vesting; |
• |
New or extended agreements
that provide for: |
◦ |
CIC payments exceeding 3 times
base salary and average/target/most recent bonus;
|
◦ |
CIC severance payments without
involuntary job loss or substantial diminution of duties ("single" or
"modified single" triggers); |
◦ |
CIC payments with excise tax
gross-ups (including "modified"
gross-ups). |
• |
Insufficient executive
compensation disclosure by externally- managed issuers (EMIs) such that a
reasonable assessment of pay programs and practices applicable to the
EMI's executives is not possible. |
• |
Multi-year guaranteed bonuses;
|
• |
A single or common performance
metric used for short- and long-term plans;
|
• |
Lucrative severance packages;
|
• |
High pay opportunities
relative to industry peers; |
• |
Disproportionate supplemental
pensions; or |
• |
Mega annual equity grants that
provide unlimited upside with no downside
risk. |
• |
Reason and motive for the
options backdating issue, such as inadvertent vs. deliberate grant date
changes; |
• |
Duration of options
backdating; |
• |
Size of restatement due to
options backdating; |
• |
Corrective actions taken by
the board or compensation committee, such as canceling or re-pricing
backdated options, the recouping of option gains on backdated grants; and
|
• |
Adoption of a grant policy
that prohibits backdating, and creates a fixed grant schedule or window
period for equity grants in the future. |
• |
Failure to respond to
majority-supported shareholder proposals on executive pay topics;
or |
• |
Failure to adequately respond
to the company's previous say-on-pay proposal that received the support of
less than 70 percent of votes cast, taking into account:
|
◦ |
The company's response,
including: |
▪ |
Disclosure of engagement
efforts with major institutional investors regarding the issues that
contributed to the low level of support; |
▪ |
Specific actions taken to
address the issues that contributed to the low level of support;
|
▪ |
Other recent compensation
actions taken by the company; |
◦ |
Whether the issues raised are
recurring or isolated; |
◦ |
The company's ownership
structure; and |
◦ |
Whether the support level was
less than 50 percent, which would warrant the highest degree of
responsiveness. |
• |
Single- or
modified-single-trigger cash severance; |
• |
Single-trigger acceleration of
unvested equity awards; |
• |
Excessive cash severance
(>3x base salary and bonus); |
• |
Excise tax gross-ups triggered
and payable (as opposed to a provision to provide excise tax
gross-ups); |
• |
Excessive golden parachute
payments (on an absolute basis or as a percentage of transaction equity
value); or |
• |
Recent amendments that
incorporate any problematic features (such as those above) or recent
actions (such as extraordinary equity grants) that may make packages so
attractive as to influence merger agreements that may not be in the best
interests of shareholders; or |
• |
The company's assertion that a
proposed transaction is conditioned on shareholder approval of the golden
parachute advisory vote. |
• |
SVT based on new shares
requested plus shares remaining for future grants, plus outstanding
unvested/unexercised grants; and |
• |
SVT based only on new shares
requested plus shares remaining for future grants.
|
• |
Automatic single-triggered
award vesting upon a change in control (CIC);
|
• |
Discretionary vesting
authority; |
• |
Liberal share recycling on
various award types; |
• |
Lack of minimum vesting period
for grants made under the plan. |
• |
The company’s three year burn
rate relative to its industry/market cap peers;
|
• |
Vesting requirements in most
recent CEO equity grants (3-year look-back);
|
• |
The estimated duration of the
plan (based on the sum of shares remaining available and the new shares
requested, divided by the average annual shares granted in the prior three
years); |
• |
The proportion of the CEO's
most recent equity grants/awards subject to performance conditions;
|
• |
Whether the company maintains
a claw-back policy; |
• |
Whether the company has
established post exercise/vesting share-holding requirements.
|
• |
Awards
may vest in
connection with a liberal change-of-control definition;
|
• |
The plan would
permit repricing or cash buyout of underwater options without shareholder
approval (either by expressly permitting it - for NYSE and Nasdaq listed
companies -- or by not prohibiting it when the company has a history of
repricing - for non-listed companies); |
• |
The plan is a
vehicle for problematic pay practices or a significant pay-for-performance
disconnect under certain circumstances; or
|
• |
Any other plan
features are determined to have a significant negative impact on
shareholder interests. |
• |
If the issues presented in the
proposal are more appropriately or effectively dealt with through
legislation or government regulation; |
• |
If the company has already
responded in an appropriate and sufficient
manner to the
issue(s) raised in the proposal; |
• |
Whether the proposal's request
is unduly burdensome (scope, or timeframe) or overly
prescriptive; |
• |
The company's approach
compared with any industry standard practices for addressing the issue(s)
raised by the proposal; |
• |
If the proposal requests
increased disclosure or greater transparency, whether or not reasonable
and sufficient information is currently available to shareholders from the
company or from other publicly available sources; and
|
• |
If the proposal requests
increased disclosure or greater transparency, whether or not
implementation would reveal proprietary or confidential information that
could place the company at a competitive
disadvantage. |
• |
Whether the company already
provides current, publicly-available information on the impact that
climate change may have on the company as well as associated company
policies and procedures to address related risks and/or opportunities;
|
• |
The company’s level of
disclosure is at least comparable to that of industry peers;
and |
• |
There are no significant
controversies, fines, penalties, or litigation associated with the
company’s environmental performance. |
• |
The company already discloses
current, publicly-available information on the impacts that GHG emissions
may have on the company as well as associated company policies and
procedures to address related risks and/or opportunities;
|
• |
The company's level of
disclosure is comparable to that of industry peers; and
|
• |
There are no significant,
controversies, fines, penalties, or litigation associated with the
company's GHG emissions. |
• |
Whether the company provides
disclosure of year-over-year GHG emissions performance data;
|
• |
Whether company disclosure
lags behind industry peers; |
• |
The company's actual GHG
emissions performance; |
• |
The company's current GHG
emission policies, oversight mechanisms, and related initiatives;
and |
• |
Whether the company has been
the subject of recent, significant violations, fines, litigation, or
controversy related to GHG emissions. |
• |
There are concerns about the
accounts presented or audit procedures used; or
|
• |
The company is not responsive
to shareholder questions about specific items that should be publicly
disclosed. |
• |
There are serious concerns
about the accounts presented or the audit procedures used; |
• |
The auditors are being changed
without explanation; or |
• |
Non‐audit-related fees are
substantial or are routinely in excess of standard annual audit-related
fees. |
• |
There are serious concerns
about the statutory reports presented or the audit procedures used;
|
• |
Questions exist concerning any
of the statutory auditors being appointed; or
|
• |
The auditors have previously
served the company in an executive capacity or can otherwise be considered
affiliated with the company. |
• |
The dividend payout ratio has
been consistently below 30 percent without adequate explanation; or
|
• |
The payout is excessive given
the company's financial position. |
• |
Adequate disclosure has not
been provided in a timely manner; |
• |
There are clear concerns over
questionable finances or restatements; |
• |
There have been questionable
transactions with conflicts of interest; |
• |
There are any records of
abuses against minority shareholder interests; or
|
• |
The board fails to meet
minimum corporate governance standards. |
• |
Employee or executive of the
company; |
• |
Any director who is classified
as a non-executive, but receives salary, fees, bonus, and/or other
benefits that are in line with the highest-paid executives of the company.
|
• |
Any director who is attested
by the board to be a non-independent NED;
|
• |
Any director specifically
designated as a representative of a significant shareholder of the
company; |
• |
Any director who is also an
employee or executive of a significant shareholder of the company;
|
• |
Beneficial owner (direct or
indirect) of at least 10% of the company's stock, either in economic terms
or in voting rights (this may be aggregated if voting power is distributed
among more than one member of a defined group, e.g., members of a family
that beneficially own less than 10% individually, but collectively own
more than 10%), unless market best practice dictates a lower ownership
and/or disclosure threshold (and in other special market-specific
circumstances); |
• |
Government representative;
|
• |
Currently provides (or a
relative[1] provides) professional services[2] to the company, to an
affiliate of the company, or to an individual officer of the company or of
one of its affiliates in excess of $10,000 per
year; |
• |
Represents customer, supplier,
creditor, banker, or other entity with which the company maintains a
transactional/commercial relationship (unless the company discloses
information to apply a materiality test[3]);
|
• |
Any director who has
conflicting or cross-directorships with executive directors or the
chairman of the company; |
• |
Relative[1] of a current or
former executive of the company or its affiliates;
|
• |
A new appointee elected other
than by a formal process through the General Meeting (such as a
contractual appointment by a substantial shareholder);
|
• |
Founder/co-founder/member of
founding family but not currently an employee;
|
• |
Former executive (5 year
cooling off period); |
◦ |
Years of service will NOT be a
determining factor unless it is recommended best practice in a
market: |
◦ |
9 years (from the date of
election) in the United Kingdom and
Ireland; |
◦ |
12 years in European
markets; |
◦ |
7 years in
Russia. |
• |
Not classified as
non-independent (see above); |
• |
No material[4] connection,
either directly or indirectly, to the company other than a board seat.
|
• |
Represents employees or
employee shareholders of the company (classified as “employee
representative” but considered a non-independent NED).
|
• |
Company performance relative
to its peers; |
• |
Strategy of the incumbents
versus the dissidents; |
• |
Independence of
directors/nominees; |
• |
Experience and skills of board
candidates; |
• |
Governance profile of the
company; |
• |
Evidence of management
entrenchment; |
• |
Responsiveness to
shareholders; |
• |
Whether a takeover offer has
been rebuffed. |
• |
Material failures of
governance, stewardship, risk oversight, or fiduciary responsibilities at
the company; |
• |
Failure to replace management
as appropriate; or |
• |
Egregious actions related to
the director(s)’service on other boards that raise substantial doubt about
his or her ability to effectively oversee management and serve the best
interests of shareholders at any company.22
|
• |
A lack of oversight or actions
by board members which invoke shareholder distrust related to malfeasance
or poor supervision, such as operating in private or company interest
rather than in shareholder interest |
• |
Any legal issues (e.g.
civil/criminal) aiming to hold the board responsible for breach of trust
in the past or related to currently alleged action yet to be confirmed
(and not only in the fiscal year in question) such as price fixing,
insider trading, bribery, fraud, and other illegal
actions |
• |
Other egregious governance
issues where shareholders will bring legal action against the company or
its directors |
• |
The specific purpose of the
increase (such as a share-based acquisition or merger) does not meet ISS
guidelines for the purpose being proposed; or
|
• |
The increase would leave the
company with less than 30 percent of its new authorization outstanding
after adjusting for all proposed issuances.
|
• |
Maximum Volume: 10 percent for
market repurchase within any single authority and 10 percent of
outstanding shares to be kept in treasury (“on the shelf”); and
|
• |
Duration does not exceed 18
months. |
• |
The repurchase can be used for
takeover defenses; |
• |
There is clear evidence of
abuse; |
• |
There is no safeguard against
selective buybacks; and/or |
• |
Pricing provisions and
safeguards are deemed to be unreasonable in light of market practice.
|
• |
The overall balance of the
proposed plan seems to be clearly in shareholders’
interests; |
• |
The plan still respects the 10
percent maximum of shares to be kept in
treasury. |
• |
Provide shareholders with
clear, comprehensive compensation disclosures;
|
• |
Maintain appropriate
pay-for-performance alignment with emphasis on long-term shareholder
value; |
• |
Avoid arrangements that risk
“pay for failure;” |
• |
Maintain an independent and
effective compensation committee; |
• |
Avoid inappropriate pay to
non-executive directors. |
• |
Valuation - Is the value to be
received by the target shareholders (or paid by the acquirer) reasonable?
The Advisor places emphasis on the offer premium, market reaction, and
strategic rationale. |
• |
Market reaction - How has the
market responded to the proposed deal? Strategic rationale - Does the deal
make sense strategically? From where is the value derived? Cost and
revenue synergies should not |
• |
Conflicts of interest - Are
insiders benefiting from the transaction disproportionately and
inappropriately as compared to non-insider shareholders or have special
interests influenced directors and officers to support or recommend the
merger? |
• |
Governance - Will the combined
company have a better or worse governance profile than the current
governance profiles of the respective parties to the transaction? If the
governance profile is to change for the worse, the burden is on the
company to prove that other issues (such as valuation) outweigh any
deterioration in governance. |
• |
If the issues presented in the
proposal are more appropriately or effectively dealt with through
legislation or government regulation; |
• |
If the company has already
responded in an appropriate and sufficient manner to the issue(s) raised
in the proposal; |
• |
Whether the proposal's request
is unduly burdensome (scope, or timeframe) or overly
prescriptive; |
• |
The company's approach
compared with any industry standard practices for addressing the issue(s)
raised by the proposal; |
• |
If the proposal requests
increased disclosure or greater transparency, whether or not reasonable
and sufficient information is currently available to shareholders from the
company or from other publicly available sources; and
|
• |
If the proposal requests
increased disclosure or greater transparency, whether or not
implementation would reveal proprietary or confidential information that
could place the company at a competitive
disadvantage. |
• |
Whether the company already
provides current, publicly-available information on the impact that
climate change may have on the company as well as associated company
policies and procedures to address related risks and/or
opportunities; |
• |
The company’s level of
disclosure is at least comparable to that of industry peers;
and |
• |
There are no significant
controversies, fines, penalties, or litigation associated with the
company’s environmental performance. |
• |
The company already discloses
current, publicly-available information on the impacts that GHG emissions
may have on the company as well as associated company policies and
procedures to address related risks and/or opportunities;
|
• |
The company's level of
disclosure is comparable to that of industry peers; and
|
• |
There are no significant,
controversies, fines, penalties, or litigation associated with the
company's GHG emissions. |
• |
Whether the company provides
disclosure of year-over-year GHG emissions performance data;
|
• |
Whether company disclosure
lags behind industry peers; |
• |
The company's actual GHG
emissions performance; |
• |
The company's current GHG
emission policies, oversight mechanisms, and
related initiatives; and |
• |
Whether the company has been
the subject of recent, significant violations, fines, litigation, or
controversy related to GHG emissions. |
II. |
Corporate
Governance |
A. |
Confidential
Voting. We
generally support proposals to adopt confidential voting and independent
vote tabulation practices, which we believe lessen potential management
pressure on shareholders and thus allow shareholders to focus on the
merits of proxy proposals. (App S31) |
B. |
Greenmail. Unless they are part of
anti-takeover provisions, we usually support anti-greenmail proposals
because greenmail tends to discriminate against shareholders other than
the greenmailer and may result in a decreased stock price.(App
S23) |
C. |
Indemnification
of Directors.
We usually vote in favor of charter or by-law amendments which expand the
indemnification of directors or limit their liability for breaches of
care, because we believe such measures are important in attracting
competent directors and officers. (App
R4) |
D. |
Cumulative
Voting Rights.
We usually support cumulative voting as an effective method of
guaranteeing minority representation on a board.(App N17,
S24) |
E. |
Opt
Out of Delaware. We usually support by-law
amendments requiring a company to opt out of the Delaware takeover statute
because it is undemocratic and contrary to the principle that shareholders
should have the final decision on merger or acquisition. (App S15,
S46) |
F. |
Increases
in Common Stock. We will generally support
an increase in common stock of up to three times the number of shares
outstanding and scheduled to be issued, including stock options, provided
the increase is not intended to implement a poison pill defense. (App
R18) |
A. |
Fair
Price Amendments. We generally oppose fair
price amendments because they may deter takeover bids, but we will support
those that consider only a two year price history and are not accompanied
by a supermajority vote requirement. (App
N3) |
B. |
Classified
Boards. We
generally oppose classified boards because they limit shareholder control.
(App N4) |
C. |
Blank
Check Preferred Stock. We generally oppose the
authorization of blank check preferred stock because it limits shareholder
rights and allows management to implement anti-takeover policies without
shareholder approval. (App N2) |
D. |
Supermajority
Provisions. We
usually oppose supermajority-voting requirements because they often
detract from the majority's rights to enforce its will. (App N5,
S32) |
E. |
Golden
Parachutes. We
generally oppose golden parachutes, as they tend to be excessive and
self-serving, and we favor proposals which require shareholder approval of
golden parachutes and similar arrangements. (App
S18) |
F. |
Poison
Pills. We
believe poison pill defenses tend to depress the value of shares.
|
G. |
Reincorporation. We oppose reincorporation
in another state in order to take advantage of a stronger anti-takeover
statute. (App S15) |
H. |
Shareholder
Rights. We
oppose proposals which would eliminate, or limit, the rights of
shareholders to call special meetings and to act by written consent
because they detract from basic shareholder authority. (App
S26-S30) |
A. |
Other
Business.
Absent any compelling grounds, we usually authorize management to vote in
its discretion. (App R22) |
B. |
Differential
Voting Rights.
We usually vote against the issuance of new classes of stock with
differential voting rights, because such rights can dilute the rights of
existing shares. (App N27) |
C. |
Directors-Share
Ownership.
While we view some share ownership by directors as having a positive
effect, we will usually vote against proposals requiring directors to own
a specific number of shares. (App S5) |
D. |
Independent
Directors.
While we oppose proposals which would require that a board consist of a
majority of independent directors, we may support proposals which call for
some independent positions on the board. (App
S11) |
E.. |
Preemptive
Rights. We
generally vote against preemptive rights proposals, as they may tend to
limit share ownership, and they limit management's flexibility to raise
capital. (App N21, S25) |
F. |
Employee
Stock Ownership Plans (ESOPs). We evaluate ESOPs on a
case-by-case basis. We usually vote for unleveraged ESOPs if they provide
for gradual accumulation of moderate levels of stock. For leveraged ESOPs,
we examine the company's state of incorporation, existence of
supermajority vote rules in the charter, number of shares authorized for
ESOP and number of shares held by insiders. We may also examine where the
ESOP shares are purchased and the dilutive effect of the purchase. We vote
against leveraged ESOPs if all outstanding loans are due immediately upon
a change in control or if the ESOP appears to be primarily designed as an
anti-takeover device. (App R21) |
III. |
Compensation
and Stock Option Plans |
IV. |
Social
Issues |
• |
Copy of each proxy statement
received. |
• |
Record of each vote
cast. |
• |
Copy of any documents
created by Eagle that was material to making a decision how to vote
proxies on behalf of a client or that memorializes the basis for that
decision. |
• |
Copy of each written client
request for information on how Eagle voted proxies on behalf of the
client. |
• |
Copy of all written
responses by Eagle to client who requested (written or oral) information
on how the Eagle voted proxies on behalf of the
client. |
1) |
selecting proper
directors |
2) |
insuring that these
directors have properly supervised
management |
3) |
resolve issues of natural
conflict between shareholders and
managers |
a. |
Compensation |
b. |
Corporate
Expansion |
c. |
Dividend
Policy |
d. |
Free Cash
Flow |
e. |
Various Restrictive
Corporate Governance Issues, Control Issues,
etc. |
f. |
Preserving
Integrity |
a. |
Increasing authorized
shares. |
b. |
Creation of new classes of
stock. |
c. |
Directors and Management
Liability and Indemnification. |
d. |
Compensation Plans
(Incentive Plans) |
e. |
Greenmail |
f. |
Cumulative
Voting |
g. |
Proposals Designed to
Discourage Mergers & Acquisitions In
Advance |
h. |
Confidential
Voting |
i. |
Disclosure |
j. |
Sweeteners |
k. |
Changing the State of
Incorporation |
l. |
Equal Access to Proxy
Statements |
m. |
Abstention
Votes |
A. |
Human
Rights |
B. |
Nuclear
Issues |
C. |
Defense
Issues |
D. |
Social
Responsibility |
1. |
South
Africa |
2. |
Northern
Ireland |
I. |
STATEMENT
OF POLICY |
II. |
USE OF
THIRD-PARTY PROXY VOTING SERVICE |
1. |
the recipient of the proxy
will forward a copy to Compliance; who will keep a copy of each proxy
received; |
2. |
if the recipient is not the
Portfolio Manager responsible for voting the proxy on behalf of the Firm,
s/he will forward a copy to such Portfolio
manager; |
4. |
the Portfolio Manager will
determine how to vote the proxy promptly in order to allow enough time for
the completed proxy to be returned to the issuer prior to the vote taking
place; and provide evidence of such to the Compliance
Officer; |
5. |
Absent material conflicts (see
Section V), the Portfolio Manager will determine whether the Firm will
follow the Proxy Voting Service's recommendation or vote the proxy
directly. The Portfolio Manager will
send his/her decision on how the Firm will vote a proxy to the Proxy
Voting Service, in a timely and appropriate manner. It is desirable to
have the Proxy Voting Service complete the actual voting so there exists
one central source for the documentation of the Firm's proxy voting
records. |
III. |
VOTING
GUIDELINES |
IV. |
DISCLOSURE |
A. |
The Firm will disclose in its
Form ADV Part 2 that clients may contact the Compliance Officer via e-mail
or telephone in order to obtain information on how the Firm voted such
client's proxies, and to request a copy of these policies and procedures.
If a client requests this information, the Compliance Officer will prepare
a written response to the client that lists, with respect to each voted
proxy that the client has inquired about, (1) the name of the issuer; (2)
the proposal voted upon and (3) how the Firm voted the client's
proxy. |
B. |
A concise summary of these
Proxy Voting Policies and Procedures will be included in the Firm's Form
ADV Part 2, and will be updated whenever these policies and procedures are
updated. The Compliance Officer will arrange for a copy of this summary to
be sent to all existing clients. |
V. |
POTENTIAL
CONFLICTS OF INTEREST |
A. |
In the event that the Firm is
directly voting a proxy, the Compliance Officer will examine conflicts
that exist between the interests of the Firm and its clients. This
examination will include a review of the relationship of the Firm, its
personnel and its affiliates with the issuer of each security and any of
the issuer's affiliates to determine if the issuer is a client of the Firm
or an affiliate of the Firm or has some other relationship with the Firm,
its personnel or a client of the Firm. |
B. |
If, as a result of the
Compliance Officer's examination, a determination is made that a material
conflict of interest exists, the Firm will determine whether voting in
accordance with the voting guidelines and factors described above is in
the best interests of the client. If the proxy involves a matter covered
by the voting guidelines and factors described above, the Firm will
generally vote the proxy as specified
above. Alternatively, the Firm may vote the proxy in accordance with the
recommendation of the Proxy Voting
Service. |
VI. |
PROXY
RECORDKEEPING |
1. |
Copies of these proxy voting
policies and procedures, and any amendments
thereto; |
2. |
A copy of each proxy statement
that the Firm receives regarding client securities (the Firm may rely on
third parties or EDGAR); |
3. |
A record of each vote that the
Firm casts; |
4. |
A copy of any document the
Firm created that was material to making a decision how to vote proxies,
or that memorializes that decision. (For votes that are inconsistent with
the Firm's general proxy voting polices, the reason/rationale for such an
inconsistent vote is required to be briefly documented and maintained);
and |
5. |
A copy of each written client
request for information on how the Firm voted such client's proxies, and a
copy of any written response to any (written or oral) client request for
information on how the Firm voted its
proxies. |
• |
The company's current
disclosure of policies and oversight mechanisms related to its direct
political contributions and payments to trade associations or other groups
that may be used for political purposes, including information on the
types of organizations supported and the business rationale for supporting
these organizations; and |
• |
Recent significant
controversies, fines, or litigation related to the company's political
contributions or political activities. |
• |
There is reason to believe
that the independent auditor has rendered an opinion that is neither
accurate nor indicative of the company’s financial
position; |
1.1. |
The board is classified, and
a continuing director responsible for a problematic governance issue at
the board/committee level that would warrant a withhold/against vote
recommendation is not up for election. All appropriate nominees (except
new) may be held accountable. |
1.2. |
The board lacks
accountability and oversight, coupled with sustained poor performance
relative to peers. Sustained poor performance is measured by one- and
three-year total shareholder returns in the bottom half of a company’s
four-digit GICS industry group (Russell 3000 companies only). Take into
consideration the company’s five-year total shareholder return and
operational metrics. Problematic provisions include but are not limited
to: |
• |
Either a plurality vote
standard in uncontested director elections or a majority vote standard
with no plurality carve-out for contested
elections; |
1.3. |
The company’s poison pill
has a “dead-hand” or “modified dead-hand” feature. Vote against or
withhold from nominees every year until this feature is
removed; |
1.4. |
The board adopts a poison
pill with a term of more than 12 months (“long-term pill”), or renews any
existing pill, including any “short-term” pill (12 months or less),
without shareholder approval. A commitment or policy that puts a newly
adopted pill to a binding shareholder vote may potentially offset an
adverse vote recommendation. Review such companies with classified boards
every year, and such companies with annually elected boards at least once
every three years, and vote against or withhold votes from all nominees if
the company still maintains a non-shareholder-approved poison pill;
or |
• |
The date of the pill‘s
adoption relative to the date of the next meeting of
shareholders—i.e.
whether the
company had time to put the pill on ballot for shareholder ratification
given the circumstances; |
1.9. |
There is persuasive evidence
that the Audit Committee entered into an inappropriate indemnification
agreement with its auditor that limits the ability of the company, or its
shareholders, to pursue legitimate legal recourse against the audit
firm. |
1.10. |
Poor accounting practices
are identified that rise to a level of serious concern, such as: fraud,
misapplication of GAA; and material weaknesses identified in Section 404
disclosures. Examine the severity, breadth, chronological sequence, and
duration, as well as the company’s efforts at remediation or corrective
actions, in determining whether withhold/against votes are
warranted. |
o |
Disclosure of engagement
efforts with major institutional investors regarding the issues that
contributed to the low level of support; |
• |
Whether the support level
was less than 50 percent, which would warrant the highest degree of
responsiveness. |
• |
The continuation of the
underlying issue as a voting item on the ballot (as either shareholder or
management proposals); and |
3.1. |
Generally vote against or
withhold from directors (except new nominees, who should be considered
case-by- case4) who attend less than 75
percent of the aggregate of their board and committee meetings for the
period for which they served, unless an acceptable reason for absences is
disclosed in the proxy or another SEC filing. Acceptable reasons for
director absences are generally limited to the
following: |
3.2. |
If the proxy disclosure is
unclear and insufficient to determine whether a director attended at least
75 percent of the aggregate of his/her board and committee meetings during
his/her period of service, vote against or withhold from the director(s)
in question. |
4.1. |
The inside or affiliated
outside director serves on any of the three key committees: audit,
compensation, or nominating; |
4.3. |
The company lacks a formal
nominating committee, even if the board attests that the independent
directors fulfill the functions of such a committee;
or |
• |
The method of determining
which nominations should appear on the ballot if multiple shareholders
submit nominations. |
• |
Shareholder redemption
feature (qualifying offer clause); if the board refuses to redeem the pill
90 days after a qualifying offer is announced, 10 percent of the shares
may call a special meeting or seek a written consent to vote on rescinding
the pill. |
• |
Shareholder protection
mechanisms (sunset provision, or commitment to cause expiration of the
pill upon exhaustion or expiration of
NOLs); |
• |
The company's existing
governance structure including: board independence, existing takeover
defenses, track record of responsiveness to shareholders, and any other
problematic governance concerns; and |
o |
The dilutive impact of the
request as determined by an allowable increase calculated by ISS
(typically 100 percent of existing authorized shares) that reflects the
company's need for shares and total shareholder
returns. |
• |
The company's auditor has
concluded that there is substantial doubt about the company's ability to
continue as a going concern; or |
• |
The new class is intended
for financing purposes with minimal or no dilution to current shareholders
in both the short term and long term; and |
• |
Valuation
- Is the value
to be received by the target shareholders (or paid by the acquirer)
reasonable? While the fairness opinion may provide an initial starting
point for assessing valuation reasonableness, emphasis is placed on the
offer premium, market reaction and strategic
rationale. |
• |
Market
reaction - How
has the market responded to the proposed deal? A negative market reaction
should cause closer scrutiny of a deal. |
• |
Strategic
rationale -
Does the deal make sense strategically? From where is the value derived?
Cost and revenue synergies should not be overly aggressive or optimistic,
but reasonably achievable. Management should also have a favorable track
record of successful integration of historical
acquisitions. |
• |
Negotiations
and process -
Were the terms of the transaction negotiated at arm's-length? Was the
process fair and equitable? A fair process helps to ensure the best price
for shareholders. Significant negotiation "wins" can also signify the deal
makers' competency. The comprehensiveness of the sales process
(e.g., full auction,
partial |
• |
Conflicts
of interest -
Are insiders benefiting from the transaction disproportionately and
inappropriately as compared to non-insider shareholders? As the result of
potential conflicts, the directors and officers of the company may be more
likely to vote to approve a merger than if they did not hold these
interests. Consider whether these interests may have influenced these
directors and officers to support or recommend the merger. The CIC figure
presented in the "ISS Transaction Summary" section of this report is an
aggregate figure that can in certain cases be a misleading indicator of
the true value transfer from shareholders to insiders. Where such figure
appears to be excessive, analyze the underlying assumptions to determine
whether a potential conflict exists. |
• |
Governance
- Will the
combined company have a better or worse governance profile than the
current governance profiles of the respective parties to the transaction?
If the governance profile is to change for the worse, the burden is on the
company to prove that other issues (such as valuation) outweigh any
deterioration in governance. |
1. |
Maintain appropriate
pay-for-performance alignment, with emphasis on long-term shareholder
value: This principle encompasses overall executive pay practices, which
must be designed to attract, retain, and appropriately motivate the key
employees who drive shareholder value creation over the long term. It will
take into consideration, among other factors, the link between pay and
performance; the mix between fixed and variable pay; performance goals;
and equity-based plan costs; |
3. |
Maintain an independent and
effective compensation committee: This principle promotes oversight of
executive pay programs by directors with appropriate skills, knowledge,
experience, and a sound process for compensation decision-making
(e.g., including access to
independent expertise and advice when
needed); |
4. |
Provide shareholders with
clear, comprehensive compensation disclosures: This principle underscores
the importance of informative and timely disclosures that enable
shareholders to evaluate executive pay practices fully and
fairly; |
5. |
Avoid inappropriate pay to
non-executive directors: This principle recognizes the interests of
shareholders in ensuring that compensation to outside directors does not
compromise their independence and ability to make appropriate judgments in
overseeing managers’ pay and performance. At the market level, it may
incorporate a variety of generally accepted best
practices. |
• |
There is no MSOP on the
ballot, and an against vote on an MSOP is warranted due to a pay for
performance misalignment, problematic pay practices, or the lack of
adequate responsiveness on compensation issues raised previously, or a
combination thereof; |
• |
The board fails to respond
adequately to a previous MSOP proposal that received less than 70 percent
support of votes cast; |
• |
The company has recently
practiced or approved problematic pay practices, including option
repricing or option backdating; or |
• |
The degree of alignment
between the company's annualized TSR rank and the CEO's annualized total
pay rank within a peer group, each measured over a three-year
period. |
2. |
Absolute Alignment – the
absolute alignment between the trend in CEO pay and company TSR over the
prior five fiscal years – i.e., the difference between the trend in annual
pay changes and the trend in annualized TSR during the
period. |
• |
Actual results of
financial/operational metrics, such as growth in revenue, profit, cash
flow, etc., both absolute and relative to
peers; |
• |
Special circumstances
related to, for example, a new CEO in the prior FY or anomalous equity
grant practices (e.g., bi-annual awards); |
• |
Repricing or replacing of
underwater stock options/SARS without prior shareholder approval
(including cash buyouts and voluntary surrender of underwater
options); |
• |
Corrective actions taken by
the board or compensation committee, such as canceling or re-pricing
backdated options, the recouping of option gains on backdated grants;
and |
• |
Adoption of a grant policy
that prohibits backdating, and creates a fixed grant schedule or window
period for equity grants in the future. |
• |
Failure to adequately
respond to the company's previous say-on-pay proposal that received the
support of less than 70 percent of votes cast, taking into
account: |
o |
Whether the support level
was less than 50 percent, which would warrant the highest degree of
responsiveness. |
• |
Recent amendments that
incorporate any problematic features (such as those above) or recent
actions (such as extraordinary equity grants) that may make packages so
attractive as to influence merger agreements that may not be in the best
interests of shareholders; or |
• |
The company's assertion that
a proposed transaction is conditioned on shareholder approval of the
golden parachute advisory vote. |
• |
If the issues presented in
the proposal are more appropriately or effectively dealt with through
legislation or government regulation; |
• |
If the company has already
responded in an appropriate and sufficient manner to the issue(s) raised
in the proposal; |
• |
The company's approach
compared with any industry standard practices for addressing the issue(s)
raised by the proposal; |
• |
If the proposal requests
increased disclosure or greater transparency, whether or not reasonable
and sufficient information is currently available to shareholders from the
company or from other publicly available sources;
and |
• |
If the proposal requests
increased disclosure or greater transparency, whether or not
implementation would reveal proprietary or confidential information that
could place the company at a competitive
disadvantage. |
• |
The company's current
disclosure of policies and oversight mechanisms related to its direct
political contributions and payments to trade associations or other groups
that may be used for political purposes, including information on the
types of organizations supported and the business rationale for supporting
these organizations; and |
• |
Recent significant
controversies, fines, or litigation related to the company's political
contributions or political activities. |
• |
The company has procedures
in place to ensure that employee contributions to company-sponsored
political action committees (PACs) are strictly voluntary and prohibit
coercion. |
Los
Angeles Capital Management and Equity Research, Inc |
Proxy
Policy |
Effective: May 1,
2016 |
• |
Los Angeles Capital reserves
the right to abstain from voting a client proxy if it concludes that the
effect on shareholders' economic interests or the value of the portfolio
holding is indeterminable or
insignificant. |
• |
Los Angeles Capital abstains
from voting proxies for securities that participate in a securities
lending program
and are out on loan. |
• |
Los Angeles Capital abstains
from voting shares of securities in a country that participates in
share
blocking
because it is disruptive to the management of the
portfolio. |
• |
Los Angeles Capital may
abstain from voting shares of securities with unjustifiable
costs (e.g.,
certain non-U.S. securities). |
• |
The Firm does not actively
engage in shareholder
activism, such
as dialogue with management with respect to pending proxy voting
issues. |
• |
Proxies will be unable to be
voted without the necessary Power
of Attorney on
file. |
POLICY: |
As investment advisor, Mellon
Capital Management Corporation (“Mellon Capital') is typically delegated
by clients the responsibility for voting proxies for shares held in their
(i.e. client) account. Clients may decide to adopt Mellon Capital's proxy
voting policy or may use their own policy. In either case, Mellon Capital
will vote and monitor the proxies on behalf of the client and ensure that
the proxies are voted in accordance with the proxy voting
policy. |
MONITORING
OF ISS: |
Mellon Capital's Onboarding
Team has implemented procedures designed to ensure that; (1) the client's
custodian is instructed to send their client's proxy ballots to ISS for
voting; and (2) that ISS is notified that they should begin receiving
proxy ballots. In addition, the Compliance Department monitors ISS'
activities on behalf of Mellon Capital. On a monthly basis, ISS issues a
certification letter that states that all proxies available to vote were
voted and that there were no exceptions (any exceptions will be listed in
the letter). |
VOTING
DISCLOSURE: |
Clients for whom Mellon
Capital votes proxies will receive a summary of Mellon Capital's Proxy
Voting Policy and a full copy of the policy is available upon request.
Furthermore, clients may request a history of proxies voted on their
behalf.
|
RECORDKEEPING: |
ISS maintains proxy voting
records on behalf of Mellon Capital. |
STOCK:
|
It is the policy of Mellon
Capital not to vote or make recommendations on how to vote shares of the
Bank of New York Mellon Corporation stock, even where Mellon Capital has
the legal power to do so under the relevant governing instrument. In order
to avoid any appearance of conflict relating to voting BNY Mellon stock,
Mellon Capital has contracted with an independent fiduciary (Institutional
Shareholder Services) to direct all voting of BNY Mellon Stock held by any
Mellon Capital accounts on any matter in which shareholders of BNY Mellon
Stock are required or permitted to vote. |
1. |
Scope
of Policy -
This Proxy Voting Policy has been adopted by certain of the investment
advisory subsidiaries of The Bank of New York Mellon Corporation (“BNY
Mellon”), the investment companies advised by such subsidiaries (the
“Funds”), and certain of the banking subsidiaries of BNY Mellon (BNY
Mellon's participating investment advisory and banking subsidiaries are
hereinafter referred to individually as a “Subsidiary” and collectively as
the “Subsidiaries”). |
2. |
Fiduciary
Duty - We
recognize that an investment adviser is a fiduciary that owes its clients
a duty of utmost good faith and full and fair disclosure of all material
facts. We further recognize that the right to vote proxies is an asset,
just as the economic investment represented by the shares is an asset. An
investment adviser's duty of loyalty precludes the adviser from
subrogating its clients' interests to its own. Accordingly, in voting
proxies, we will seek to act solely in the best financial and economic
interests of our clients, including the Funds and their shareholders, and
for the exclusive benefit of pension and other employee benefit plan
participants. With regard to voting proxies of foreign companies, a
Subsidiary weighs the cost of voting, and potential inability to sell, the
shares against the benefit of voting the shares to determine whether or
not to vote. |
3. |
Long-Term
Perspective -
We recognize that management of a publicly-held company may need
protection from the market's frequent focus on short-term considerations,
so as to be able to concentrate on such long-term goals as productivity
and development of competitive products and
services. |
4. |
Limited
Role of Shareholders - We believe that a
shareholder's role in the governance of a publicly-held company is
generally limited to monitoring the performance of the company and its
managers and voting on matters which properly come to a shareholder vote.
We will carefully review proposals that would limit shareholder control or
could affect shareholder values. |
5. |
Anti-takeover
Proposals - We
generally will oppose proposals that seem designed to insulate management
unnecessarily from the wishes of a majority of the shareholders and that
would lead to a determination of a company's future by a minority of its
shareholders. We will generally support proposals that seem to have as
their primary purpose providing management with temporary or short-term
insulation from outside influences so as to enable them to bargain
effectively with potential suitors and otherwise achieve identified
long-term goals to the extent such proposals are discrete and not bundled
with other proposals. |
6. |
“Social”
Issues - On
questions of social responsibility where economic performance does not
appear to be an issue, we will attempt to ensure that management
reasonably responds to the social issues. Responsiveness will be measured
by management's efforts to address the particular social issue including,
where appropriate, assessment of the implications of the proposal to the
ongoing operations of the company. We will pay particular attention to
repeat issues where management has failed in the intervening period to
take actions previously committed to. |
7. |
Proxy
Voting Process
- Every voting proposal is reviewed, categorized and analyzed in
accordance with our written guidelines in effect from time to time. Our
guidelines are reviewed periodically and updated as necessary to reflect
new issues and any changes in our policies on specific issues. Items that
can be categorized will be voted in accordance with any applicable
guidelines or referred to the BNY Mellon Proxy Policy Committee (the
“Committee”), if the applicable guidelines so require. Proposals for which
a guideline has not yet been established, for example, new proposals
arising from emerging economic or regulatory issues, will be referred to
the Committee for discussion and vote. Additionally, the Committee may
elect to review any proposal where it has identified a particular issue
for special scrutiny in light of new information. The Committee will also
consider specific interests and issues raised by a Subsidiary to the
Committee, which interests and issues may require that a vote for an
account managed by a Subsidiary be cast differently from the collective
vote in order to act in the best interests of such account's beneficial
owners. |
8. |
Material
Conflicts of Interest - We recognize our duty to
vote proxies in the best interests of our clients. We seek to avoid
material conflicts of interest through the establishment of our Committee
structure, which applies detailed, pre-determined proxy voting guidelines
in an objective and consistent manner across client accounts, based on
internal and external research and recommendations provided by a third
party vendor, and without consideration of any client relationship
factors. Further, we engage a third party as an independent fiduciary to
vote all proxies for BNY Mellon securities and Fund securities, and may
engage an independent fiduciary to vote proxies of other issuers in our
discretion. |
9. |
Securities
Lending - We
seek to balance the economic benefits of engaging in lending securities
against the inability to vote on proxy proposals to determine whether to
recall shares, unless a plan fiduciary retains the right to direct us to
recall shares. |
10. |
Recordkeeping - We will keep, or cause our
agents to keep, the records for each voting proposal required by law.
|
11. |
Disclosure
- We will
furnish a copy of this Proxy Voting Policy and any related procedures, or
a description thereof, to investment advisory clients as required by law.
In addition, we will furnish a copy of this Proxy Voting Policy, any
related procedures, and our voting guidelines to investment advisory
clients upon request. The Funds shall disclose their proxy voting policies
and procedures and their proxy votes as required by law. We recognize that
the applicable trust or account document, the applicable client agreement,
the Employee Retirement Income Security Act of 1974 (ERISA) and certain
laws may require disclosure of other information relating to proxy voting
in certain circumstances. This information will only be disclosed to those
who have an interest in the account for which shares are voted, and after
the shareholder meeting has concluded. |
12. |
Charter - We maintain a Charter
which lists the Committee's responsibilities and duties, membership,
voting and non-voting members, quorum, meeting schedule and oversight
mapping to the BNY Mellon Fiduciary Risk Management
Committee. |
▪ |
Issues regarding Board
entrenchment and anti‐takeover measures such as the following:
|
▪ |
Proposals to stagger board
members’ terms; |
▪ |
Proposals to limit the
ability of shareholders to call special meetings;
|
▪ |
Proposals to require super
majority votes; |
▪ |
Proposals requesting
excessive increases in authorized common or preferred shares where
management provides no explanation for the use or need of these additional
shares; |
▪ |
Proposals regarding “fair
price” provisions; |
▪ |
Proposals regarding “poison
pill” provisions; and |
▪ |
Permitting “green mail.”
|
▪ |
Providing cumulative voting
rights. |
▪ |
Election of directors
recommended by management, except if there is a proxy fight.
|
▪ |
Election of auditors
recommended by management, unless seeking to replace if there exists a
dispute over policies. |
▪ |
Date and place of annual
meeting. |
▪ |
Rotation of annual meeting
place. |
▪ |
Limitation on charitable
contributions or fees paid to lawyers. |
▪ |
Ratification of directors’
actions on routine matters since previous annual meeting.
|
▪ |
Confidential voting.
|
▪ |
Limiting directors’
liability. |
▪ |
Proposals to:
|
▪ |
Pay directors solely in
stock. |
▪ |
Eliminate director mandatory
retirement policy. |
▪ |
Mandatory retirement age for
directors. |
▪ |
Rotate annual meeting
location/date. |
▪ |
Option and stock grants to
management and directors. |
▪ |
Allowing indemnification of
directors and/or officers after reviewing the applicable state laws and
extent of protection requested. |
1. |
Vote the securities in
accordance with the recommendations of an independent third party, such as
ISS; |
2. |
Refer the proxy to the
advisory client or to a fiduciary of the advisory client for voting
purposes; |
3. |
Suggest that the advisory
client engage another party to determine how the proxy should be voted; or
|
4. |
Disclose the conflict to the
advisory client and obtain the advisory client’s direction to vote the
proxies. |
• |
a copy of the proxy voting
policies and procedures; |
• |
a copy of all proxy statements
received (Baird may rely on a third party or the SEC’s EDGAR system to
satisfy this requirement); |
• |
a record of each vote cast on
behalf of a advisory client (Baird may rely on a third party to satisfy
this requirement); |
• |
a copy of any document
prepared by Baird that was material to making a voting decision or that
memorializes the basis for that decision; and
|
• |
a copy of each written
advisory client request for information on how Baird voted proxies on the
advisory client’s behalf, and a copy of any written response to any
advisory client request (written or oral) for information on how proxies
were voted on behalf of the requesting advisory client.
|
1. |
Vote the securities in
accordance with a pre-determined policy based upon the recommendations of
an independent third party, such as ISS; |
2. |
Refer the proxy to the client
or to a fiduciary of the client for voting purposes;
|
3. |
Suggest that the client engage
another party to determine how the proxy should be
voted; |
4. |
Ask the Committee to determine
the nature and materiality of the conflict and vote the proxy in a manner
the Committee believes is in the best interests of the client (or, in the
case of a Fund, the Fund’s shareholders) without consideration of any
benefit to the Advisor or its affiliates;
or |
5. |
Disclose the conflict to the
client or, with respect to the Funds, the Fund’s Board of Directors (or
its delegate) and obtain the client’s or Board’s direction to vote the
proxies. |
• |
a copy of our proxy voting
policies and procedures; |
• |
a copy of all proxy statements
received (the Advisor may rely on a third party or the SEC’s EDGAR system
to satisfy this requirement); |
• |
a record of each vote cast on
behalf of a client (the Advisor may rely on a third party to satisfy this
requirement); |
• |
a copy of any document
prepared by the Advisor that was material to making a voting decision or
that memorializes the basis for that decision; and
|
• |
a copy of each written client
request for information on how we voted proxies on the client’s behalf,
and a copy of any written response to any (written or oral) client request
for information on how we voted proxies on behalf of the requesting
client. |
1. |
Vote the securities in
accordance with a pre-determined policy based upon the recommendations of
an independent third party, such as ISS; |
2. |
Refer the proxy to the client
or to a fiduciary of the client for voting purposes;
|
3. |
Suggest that the client engage
another party to determine how the proxy should be
voted; |
4. |
Ask the Committee to determine
the nature and materiality of the conflict and vote the proxy in a manner
the Committee believes is in the best interests of the client (or, in the
case of a Fund, the Fund’s shareholders) without consideration of any
benefit to the Advisor or its affiliates;
or |
5. |
Disclose the conflict to the
client or, with respect to the Funds, the Fund’s Board of Directors (or
its delegate) and obtain the client’s or Board’s direction to vote the
proxies. |
• |
a copy of our proxy voting
policies and procedures; |
• |
a copy of all proxy statements
received (the Advisor may rely on a third party or the SEC’s EDGAR system
to satisfy this requirement); |
• |
a record of each vote cast on
behalf of a client (the Advisor may rely on a third party to satisfy this
requirement); |
• |
a copy of any document
prepared by the Advisor that was material to making a voting decision or
that memorializes the basis for that decision; and
|
• |
a copy of each written client
request for information on how we voted proxies on the client’s behalf,
and a copy of any written response to any (written or oral) client request
for information on how we voted proxies on behalf of the requesting
client. |
• |
Sawgrass Asset Management
acting in the capacity as investment manager either for a company
soliciting proxy votes or an employee benefit plan that it
sponsors. |
• |
Sawgrass Asset Management
having a material business relationship with a company seeking proxy
votes. |
• |
Sawgrass Asset Management
actively seeking investment management business from a prospective client
which is soliciting proxy votes. |
• |
That Spectrum act solely in
the interest of its clients in providing for ultimate long-term
stockholder value. |
• |
That Spectrum act without
undue influence from individuals or groups who may have an economic
interest in the outcome of a proxy vote. |
• |
That the custodian bank is
aware of our fiduciary duty to vote proxies on behalf of others – Spectrum
relies on the best efforts of the custodian bank to deliver all proxies we
are entitled to vote. |
• |
That Spectrum will exercise
its right to vote all proxies on behalf of its clients (or permit clients
to vote their interest, as the case(s) may
be). |
• |
That Spectrum will implement
a reasonable and sound basis to vote
proxies. |
A. |
Following ISS’
Recommendations |
B. |
Disregarding ISS’
Recommendations |
• |
Business Relationships – The
CCO will consider whether Spectrum (or an affiliate) has a substantial
business relationship with a portfolio company or a proponent of a proxy
proposal relating to the portfolio company (e.g., an employee group), such
that failure to vote in favor of management (or the proponent) could harm
the adviser’s relationship with the company (or proponent). For
example, if Spectrum manages money for the portfolio company or an
employee group, manages pension assets, leases office space from the
company, or provides other material services to the portfolio company, the
CCO will review whether such relationships may give rise to a conflict of
interest. |
• |
Personal Relationships – The
CCO will consider whether any senior executives or portfolio managers (or
similar persons at Spectrum’s affiliates) have a personal relationship
with other proponents of proxy proposals, participants in proxy contests,
corporate directors, or candidates for directorships that might give rise
to a conflict of interest. |
• |
Familial Relationships – The
CCO will consider whether any senior executives or portfolio managers (or
similar persons at Spectrum’s affiliates) have a familial relationship
relating to a portfolio company (e.g., a spouse or other relative who
serves as a director of a portfolio company, is a candidate for such a
position, or is employed by a portfolio company in a senior
position). |
• |
A list of clients that are
also public companies, which is prepared and updated by the Operations
Department and retained in the Compliance
Department. |
• |
Publicly available
information. |
• |
Information generally known
within Spectrum. |
• |
Information actually known
by senior executives or portfolio managers. When considering a proxy
proposal, investment professionals involved in the decision-making process
must disclose any potential material conflict that they are aware of to
the CCO prior to any substantive discussion of a proxy
matter. |
• |
Information obtained
periodically from those persons whom the CCO reasonably believes could be
affected by a conflict arising from a personal or familial relationship
(e.g., portfolio managers, senior
management). |
1. |
Financial Materiality – The
most likely indicator of materiality in most cases will be the dollar
amount involved with the relationship in question. For purposes
of proxy voting, it will be presumed that a conflict is not material
unless it involves at least 5% of Spectrum’s annual revenues or a minimum
dollar amount of $1,000,000. Different percentages or dollar
amounts may be used depending on the nature and degree of the conflict
(e.g., a higher number if the conflict arises through an affiliate rather
than directly with Spectrum). |
2. |
Non-Financial Materiality –
A non-financial conflict of interest might be material (e.g., conflicts
involving personal or familial relationships) and should be evaluated
based on the facts and circumstances of each
case. |
1. |
selection of
auditors |
2. |
increasing the authorized
number of common shares |
3. |
election of unopposed
directors |
1. |
Classification
of Board of Directors. Rather than
electing all directors annually, these provisions stagger a board,
generally into three annual classes, and call for only one-third to be
elected each year. Staggered boards may help to ensure
leadership continuity, but they also serve as defensive
mechanisms. Classifying the board makes it more difficult to
change control of a company through a proxy contest involving election of
directors. In general, we vote on a case by case basis on
proposals for staggered boards, but generally favor annual elections of
all directors. |
2. |
Cumulative
Voting of Directors. Most
corporations provide that shareholders are entitled to cast one vote for
each director for each share owned - the one share, one vote
standard. The process of cumulative voting, on the other hand,
permits shareholders to distribute the total number of votes they have in
any manner they wish when electing directors. Shareholders may
possibly elect a minority representative to a corporate board by this
process, ensuring representation for all sizes of
shareholders. Outside shareholder involvement can encourage
management to maximize share value. We generally support
cumulative voting of directors. |
3. |
Prevention
of Greenmail. These proposals
seek to prevent the practice of “greenmail”, or targeted share repurchases
by management of company stock from individuals or groups seeking control
of the company. Since only the hostile party receives payment,
usually at a substantial premium over the market value of its shares, the
practice discriminates against all other shareholders. By
making greenmail payments, management transfers significant sums of
corporate cash to one entity, most often for the primary purpose of saving
their jobs. Shareholders are left with an asset-depleted and
often less competitive company. We think that if a corporation
offers to buy back its stock, the offer should be made to all
shareholders, not just to a select group or individual. We are
opposed to greenmail and will support greenmail prevention
proposals. |
4. |
Supermajority
Provisions. These corporate
charter amendments generally require that a very high percentage of share
votes (70-81%) be cast affirmatively to approve a merger, unless the board
of directors has approved it in advance. These provisions have
the potential to give management veto power over merging with another
company, even though a majority of shareholders favor the
merger. In most cases we believe requiring supermajority
approval of mergers places too much veto power in the hands of management
and other minority shareholders, at the expense of the majority
shareholders, and we oppose such
provisions. |
5. |
Defensive
Strategies. These proposals
will be analyzed on a case by case basis to determine the effect on
shareholder value. Our decision will be based on whether the
proposal enhances long-term economic
value. |
6. |
Business
Combinations or Restructuring. These proposals
will be analyzed on a case by case basis to determine the effect on
shareholder value. Our decision will be based on whether the
proposal enhances long-term economic
value. |
7. |
Executive
and Director Compensation. These proposals
will be analyzed on a case by case basis to determine the effect on
shareholder value. Our decision will be based on whether the
proposal enhances long-term economic
value. |
Name of individual
contacted: |
| |
Date: |
Yes / No |
| |
Name of individual
contacted: |
| |
Date: |
8. Portfolio Manager
Signature: |
| |
Date: |
| |
Portfolio Manager
Name: |
| |
|
| |
Portfolio Manager
Signature*: |
| |
Date: |
| |
Portfolio Manager
Name: |
|
A. |
STATEMENT
OF POLICY |
B. |
GENERAL
PRINCIPLES |
C. |
PROCEDURES |
1. |
Account
Set-up and Review: For new clients, the General
Counsel will inform the Operations team as to whether the client retained
the responsibility to vote proxies or delegated that responsibility to
Stone Harbor. Designated personnel within Operations will ensure that the
account is set-up to vote proxies with the appropriate custodian and
systems. |
2. |
Securities
Lending: Stone
Harbor does not generally have the authority to lend securities on behalf
of its clients. For those clients for which Stone Harbor does have such
authority, Stone Harbor has decided not to engage in securities lending.
Stone Harbor will monitor upcoming proxy meetings and call back
securities, if applicable, in anticipation of an important vote to be
taken among holders of such securities. In determining whether to call
back securities, the relevant portfolio manager(s) will consider whether
the request that the client benefit to the client in voting the matter
outweighs the benefit to the client in keeping the stock on
loan. |
3. |
Voting
Proxies. Stone Harbor will generally vote proxies
according to the policies described below, subject to consideration of
overrides and material conflicts. |
D. |
VOTING
POLICY GUIDELINES |
1. |
Auditors |
• |
Tenure of the audit firm
|
• |
Establishment and disclosure
of a renewal process whereby the auditor is regularly evaluated for both
audit quality and competitive price |
• |
Length of the rotation
period advocated in the proposal |
• |
Significant audit-related
issues |
• |
Insiders and affiliated
outsiders on boards that are not at least majority
independent |
• |
Directors who sit on more
than six boards |
• |
Compensation Committee
members if there is a disconnect between the CEO’s pay and
performance |
3. |
Shareholder
Rights |
4. |
Proxy
Contests |
6. |
Mergers
and Corporate Restructurings |
7. |
Reincorporation
Proposals |
8. |
Capital
Structure |
9. |
Executive
and Director Compensation |
• |
The plan expressly permits
repricing without shareholder approval for listed companies;
or |
• |
There is a disconnect
between the CEO’s pay and performance (an increase in pay and a decrease
in performance), the main source for the pay increase is equity-based, and
the CEO participates in the plan being voted on.
|
• |
Historic trading
patterns |
• |
Rationale for the
repricing |
• |
Value-for-value
exchange |
• |
Option
vesting |
• |
Term of the
option |
• |
Exercise
price |
• |
Participation |
• |
Advocate performance-based
equity awards (indexed options, premium-priced options, performance-vested
awards), unless the proposal is overly restrictive or the company already
substantially uses such awards |
• |
Call for a shareholder vote
on extraordinary benefits contained in Supplemental Executive Retirement
Plans (SERPs). |
10. |
Social
and Environmental Issues |
• |
FOR proposals for the
company to amend its Equal Employment Opportunity (EEO) Statement to
include reference to sexual orientation, unless the change would result in
excessive costs for the company. |
• |
AGAINST resolutions asking
for the adopting of voluntary labeling of ingredients or asking for
companies to label until a phase out of such ingredients has been
completed. |
D. |
CONFLICTS
OF INTEREST |
• |
Manages the issuer’s pension
plan |
• |
Manages money for the
proponent |
• |
An executive of the issuer
or proponent |
• |
A director of the issuer or
proponent |
• |
A person who is a candidate
to be a director of the issuer |
• |
A proponent of the proxy
proposal |
1. |
If a proposal is addressed
by the specific policies herein, Stone Harbor will vote in accordance with
such policies; and |
2. |
If the proxy proposal is (i)
not addressed by the specific policies or (ii) requires a case-by-case
determination by Stone Harbor, the vote will be referred to the Compliance
Committee. The Compliance Committee will review the potential conflict and
determine how to vote the proxy in the best interest of the client. The
Compliance Committee will memorialize the rationale of such vote in
writing. |
E. |
COMPOSITION
OF THE COMPLIANCE COMMITTEE |
• |
Chief Investment Officer
|
• |
Chief Executive Officer
|
• |
General
Counsel |
• |
Chief Compliance
Officer |
• |
Chief Financial Officer
|
F. |
RECORD
KEEPING AND OVERSIGHT |
• |
a copy of each proxy form
(as voted); |
• |
a copy of each proxy
solicitation (including proxy statements) and related materials with
regard to each vote: |
• |
documentation relating to
the identification and resolution of conflicts of
interest; |
• |
any documents created by
Stone Harbor that were material to a proxy voting decision or that
memorialized the basis for that decision; and
|
• |
a copy of each written
client request for information on how Stone Harbor voted proxies on behalf
of the client or a client request for a copy of Stone Harbor’s Proxy
Voting Policies and Procedures, and a copy of any such written response by
Stone Harbor to any (written or oral) client request for information on
how Stone Harbor voted proxies on behalf of the requesting
client. |
G. |
INFORMATION
REQUESTS |
a) |
Adopt and implement written
policies and procedures that are reasonably designed to ensure that client
securities are voted in the client’s best interest and to address
procedures to be undertaken in the event a material conflict arises
between the firm’s interest and that of our clients as to how a particular
security or proxy issue is voted; |
b) |
Disclose to clients how they
may obtain information regarding how the firm voted with respect to the
client’s securities; and |
c) |
Describe the firm’s policies
and procedures to clients and, upon request, furnish a copy of the
policies and procedures to the requesting
client. |
• |
If the proposal that gives
rise to an actual or potential conflict is specifically addressed in the
Guideline, the firm may vote the proxy in accordance with the
pre-determined Guideline; provided that the pre-determined Guideline
involves little or no discretion on the firm’s part;
or |
• |
The firm may follow the
recommendations of RiskMetrics, an independent third party, as to how the
proxy should be voted. |
• |
Mutual Funds – where voting
may be controlled by restrictions within the fund or the actions of
authorized persons |
• |
International Securities –
where the perceived benefit of voting an international proxy does not
outweigh the anticipated costs of doing
so |
• |
New Accounts – instances
where security holdings assumed will be sold in the near term thereby
limiting any benefit to be obtained by a vote of proxy
material |
• |
Unsupervised Securities –
where the firm does not have a basis on which to offer
advice |
• |
Unjustifiable Costs – where
the firm may abstain from voting a client proxy in a specific instance if,
in our good faith determination, the costs involved in voting such proxy
cannot be justified (e.g. total client holdings less than 10,000 shares
and not held by a mutual fund; costs associated with obtaining
translations of relevant proxy materials for non-U.S. securities) in light
of the benefits to the client of voting. In accordance with the firm’s
fiduciary duties, the firm shall, in appropriate cases, weigh the costs
and benefits of voting proxy proposals and shall make an informed decision
with respect to whether voting a given proxy proposal is prudent. The
decision will take into account the effect that the vote, either by itself
or together with other votes, is expected to have on the value of client’s
investment and whether this expected effect would outweigh the cost of
voting. |
• |
Securities out on
loan |
• |
ERISA accounts – with
respect to ERISA clients for whom we have accepted the responsibility for
proxy voting, we vote proxies in accordance with our duty of loyalty and
prudence, compliance with the plan documents, and the firm’s duty to avoid
prohibited transactions. |
1. |
Review and update the firm’s
policies and procedures as necessary. |
2. |
Coordinate the review and
update of the firm’s proxy voting guidelines by the investment committee
or its designee. |
3. |
Consult with and coordinate
the voting of proxies with the appropriate portfolio manager as
needed. |
1. |
New clients will receive a
copy of the “Description of Proxy Voting Policies and Procedures” as part
of information provided in connection with the firm’s New Client
Checklist. |
2. |
At the time a contract is
entered into a determination will be made as to whether the client will
retain proxy voting responsibilities. A
separate acknowledgement will be obtained where the client elects to
retain proxy voting responsibilities. |
3. |
The PA will arrange for
client proxy material to be forwarded to RiskMetrics for
voting. |
1. |
The PA uploads a file each
day (on a settlement date basis) detailing all the securities held on
behalf of our clients for which we own more than 10,000 shares to
RiskMetrics. |
2. |
RiskMetrics is responsible
for matching the proxy material received with this listing and following
up with any custodian that has not forwarded proxies within a reasonable
time. |
3. |
Through web access and the
RiskMetrics software the PA is able to determine for each security its
record date, meeting date and whether RiskMetrics has completed proxy
research on the security. |
4. |
The PA will download the
RiskMetrics proxy research for each security along with a copy of the
voting form and forward the package to the
CI. |
5. |
The CI will make a
determination as to whether a material conflict exists with regard to the
proxy or an individual proxy issue. The results of this determination will
be documented and initialed on the proxy voting
form. |
6. |
The CI will review the proxy
issues against the firm’s Guideline and cast each vote on the voting form,
if able, and sign off on having voted those
issues. |
a) |
If all issues were able to
be voted within the Guideline the package will be returned to the PA for
online voting. |
b) |
If issues exist for which a
case-by-case review must be made the package is forwarded to the
appropriate manager. The manager will review the information.
|
c) |
within the package and any
other necessary information in order to formulate the vote to be cast. The
rationale for any departures from the firm’s Guideline will be documented
within the package. All votes will be indicated on the voting form and the
manager will sign off as to having voted those issues. The package will
then be returned to the PA for voting. |
d) |
As described under
“Conflicts of Interests”, where a material conflict exists the firm may
vote the issue 1) in accordance with the Guideline if the application of
such policy to the issue at hand involves little or no discretion on the
part of the firm, or |
7. |
Through the software
interface with RiskMetrics the PA will indicate, review and submit our
vote on individual securities. The PA is able to re-submit our vote up
until the day before the meeting which can accommodate cases where new
information may come to light. |
8. |
RiskMetrics will then
process the vote with the issuer on behalf of the
firm. |
1. |
A copy of the proxy voting
policies and procedures – CI |
2. |
Client
acknowledgement indicating the client’s election to retain proxy voting
responsibilities -- PA |
3. |
Proxy statements received on
client securities – PA, RiskMetrics,
Edgar |
4. |
Record of vote cast for each
client – RiskMetrics, PA |
5. |
Internal voting package and
any document created that was material to the decision or to a departure
from the Guideline – PA |
6. |
Each written request for
proxy voting information (policy or votes cast) and the firm’s written
response to any client request for such records – PA,
CI |
DATE: |
March 23,
2011 |
TO: |
All Portfolio
Managers |
FROM: |
Richard
Faig |
RE: |
Updated Summary
of Proxy Voting Guidelines |
Vote with
Mgmt. |
Vote For |
Vote Against |
Discuss with
Mgr. | ||||||
Directors |
|||||||||
Ÿ |
Voting on director nominees
in uncontested elections |
x |
|||||||
Ÿ |
Chairman and CEO can be the
same person |
x |
|||||||
Ÿ |
Majority of directors must
be independent |
x |
|||||||
Ÿ |
Minimum stock ownership
requirements |
x |
|||||||
Ÿ |
Term of
office |
x |
|||||||
Ÿ |
D&O indemnification and
liability protection |
x |
|||||||
Ÿ |
Director nominees in
contested elections |
x | |||||||
Ÿ |
Reimburse dissident proxy
solicitation expenses |
x | |||||||
Ratifying
Auditors |
x |
||||||||
Charitable
Contributions - proposals to
limit |
x |
||||||||
Proxy
Contest Defenses |
|||||||||
Ÿ |
Efforts to further the
annual election of directors |
x |
|||||||
Ÿ |
Efforts that allow director
removal w/ or w/o cause |
x |
|||||||
Ÿ |
Efforts that allow director
removal w/ or w/o cause |
x |
|||||||
Ÿ |
Efforts to permit cumulative
voting |
x |
|||||||
Ÿ |
Efforts to allow
shareholders to call special meetings |
x |
|||||||
Ÿ |
Efforts to allow shareholder
action by written consent |
x |
|||||||
Ÿ |
Fixed size of
Board |
x |
|||||||
Tender
Offer Defenses |
|||||||||
Ÿ |
Poison Pills |
x |
|||||||
Ÿ |
Fair Price Provisions - no
more than simple majority req'd. |
x |
|||||||
Ÿ |
Anti-Greenmail |
x |
|||||||
Ÿ |
Anti-Greenmail bundled with
other provisions |
x | |||||||
Ÿ |
Pale Greenmail with
restructuring |
x | |||||||
Ÿ |
Dual class exchange offers
or recapitalizations |
x |
|||||||
Ÿ |
Supermajority Vote
Requirement to amend Charter or Bylaws |
x |
|||||||
Ÿ |
Supermajority Vote
Requirement to approve mergers |
x |
|||||||
Ÿ |
Shareholder approval of
preferred issues other than general |
x |
|||||||
Confidential
Voting |
x |
||||||||
Significant
Shareholder Access to Management Proxy Material |
x |
||||||||
Shareholder
Advisory Committees |
x |
Vote with
Mgmt. |
Vote For |
Vote Against |
Discuss with
Mgr. | ||||||
Capital
Structure |
|||||||||
Ÿ |
Increase common stock
authorized |
x | |||||||
Ÿ |
Increase common stock
authorized more than 100% |
x | |||||||
Ÿ |
Splits and reverse splits
|
x |
|||||||
Ÿ |
Blank Check Preferred stock
not used for defense |
x |
|||||||
Ÿ |
New class of Unspecified
Preferred Stock |
x |
|||||||
Ÿ |
Increase in authorized Blank
Check Preferred |
x | |||||||
Ÿ |
Reduce Par Value of
stock |
x |
|||||||
Ÿ |
Shareholder proposals for
Preemptive Rights |
x | |||||||
Ÿ |
Debt
Restructurings |
x | |||||||
Ÿ |
Open market share
repurchases |
x |
|||||||
Executive
and Director Compensation (Generally
vote with
management;
review with manager if management and RMG split.) |
|||||||||
Ÿ |
Additional disclosure of
compensation |
x |
|||||||
Ÿ |
Limitations on executive and
director compensation |
x |
|||||||
Ÿ |
Golden Parachutes require
shareholder ratification |
x |
|||||||
Ÿ |
Non-binding shareholder
ratification of executive |
x | |||||||
officer
compensation |
|||||||||
Ÿ |
Advisory vote on say-on-pay
frequency |
|
x | ||||||
Ÿ |
Approval of extraordinary
transaction executive compensation |
x | |||||||
Ÿ |
ESOPs implementation or
increase require shareholder |
x |
|||||||
Ÿ |
401(k) Plans |
x |
|||||||
Ÿ |
Stock Incentive /
Compensation plan origination or |
x |
|||||||
Efforts
to Include the Cost of Stock Options in
Expenses |
x |
||||||||
State of
Incorporation |
|||||||||
Ÿ |
Opt in state takeover
statutes |
x |
|||||||
Ÿ |
Opt out state takeover
statutes |
x |
|||||||
Ÿ |
Change state of
incorporation |
x | |||||||
Mergers
and Restructurings |
|||||||||
Ÿ |
Mergers and
acquisitions |
x | |||||||
Ÿ |
Restructurings |
x | |||||||
Ÿ |
Spin-offs |
x |
Vote with
Mgmt. |
Vote For |
Vote Against |
Discuss with
Mgr. | ||||||
Ÿ |
Asset Sales |
x | |||||||
Ÿ |
Liquidations |
x | |||||||
Ÿ |
Shareholder Appraisal Rights
(right to require an appraisal) |
x |
|||||||
Ÿ |
Change in corporate
name |
x |
|||||||
Open-ended
approval of “Other Business Coming Before the Meeting |
x |
||||||||
Mutual
Fund Proxies - (Generally vote for
except on changes to
Fundamental
Investment Restrictions or proposals to hire/fire Managers, which should
be discussed |
|||||||||
Social
and Environmental Issues (vote for additional
disclosures) |
|||||||||
Ÿ |
Energy and
Environment |
x |
|||||||
Ÿ |
Conducting business in
politically sensitive regions |
x |
|||||||
Ÿ |
Military
issues |
x |
|||||||
Ÿ |
Maquiladora and
international operating standards |
x |
|||||||
Ÿ |
EEOC |
x |
|||||||
Ÿ |
Animal
rights |
x |
|||||||
Ÿ |
Product integrity and
marketing |
x |
|||||||
Ÿ |
Human resource
issues |
x |
|||||||
Ÿ |
Sustainability
reporting |
x |
Proxy
Policy |
Policy
H-12 |
• |
the direction and guidance, if
any, provided by the document establishing the account relationship
|
• |
principles of fiduciary law
and Rule 206(4)-6 under the Investment Advisers Act of 1940, as amended.
Both require Victory to act in the best interests of the account. In
voting such stock, Victory will exercise the care, skill, prudence and
diligence a prudent person would use, considering the aims, objectives,
and guidance provided by the documents governing the account.
|
• |
the guidelines listed in this
policy, including the ISS Taft Hartley guidelines in Appendix A and the
Victory public company guidelines in Appendix
B. |
• |
reasonable efforts will be
made to monitor and keep abreast of corporate actions
|
• |
all stock, whether by proxy or
in person, will be voted, provided there is sufficient time and
information available |
• |
a written record of such
voting will be maintained by Victory |
• |
Non-routine proposals not
covered by the guidelines or involving other special circumstances will be
evaluated on a case-by-case basis with input from the appropriate Victory
analyst(s) or portfolio manager(s). |
• |
Victory’s Proxy and Corporate
Activities Committee (the “Proxy Committee”) will supervise the voting of
client securities. In all cases, the ultimate voting decision and
responsibility rests with the members of the Proxy Committee.
|
Proxy
Policy |
Policy
H-12 |
• |
The terms of the auditor
agreement, the degree to which these agreements impact shareholders'
rights; |
• |
Motivation and rationale for
establishing the agreements; |
• |
Quality of disclosure; and
|
• |
Historical practices in the
audit area. |
Proxy
Policy |
Policy
H-12 |
• |
Non-audit (“other”) fees
>audit fees + audit-related fees + tax compliance/preparation
fees |
• |
There are concerns about the
accounts presented or audit procedures used; or
|
• |
The company is not responsive
to shareholder questions about specific items that should be publicly
disclosed |
• |
The tenure of the audit firm;
|
• |
The length of rotation
specified in the proposal; |
• |
Any significant audit-related
issues at the company; |
• |
The number of Audit Committee
meetings held each year; |
• |
The number of financial
experts serving on the committee; and |
• |
Whether the company has a
periodic renewal process where the auditor is evaluated for both audit
quality and competitive price. |
• |
The board's rationale for
adopting the bylaw/charter amendment without shareholder
ratification; |
• |
Disclosure by the company of
any significant engagement with shareholders regarding the
amendment; |
• |
The level of impairment of
shareholders' rights caused by the board's unilateral amendment to the
bylaws/charter; |
• |
The board's track record with
regard to unilateral board action on bylaw/charter amendments or other
entrenchment provisions; |
• |
The company's ownership
structure; |
Proxy
Policy |
Policy
H-12 |
• |
The company's existing
governance provisions; |
• |
The timing of the board's
amendment to the bylaws/charter in connection with a significant business
development; and, |
• |
Other factors, as deemed
appropriate, that may be relevant to determine the impact of the amendment
on shareholders. |
• |
Unless the adverse amendment
is reversed or submitted to a binding shareholder vote, in subsequent
years vote case-by-case on director nominees. Generally vote against
(except new nominees, who should be considered case-by-case) if the
directors: |
• |
Classified the
board; |
• |
Adopted supermajority vote
requirements to amend the bylaws or charter; or
|
• |
Eliminated shareholders'
ability to amend bylaws. |
• |
The level of impairment of
shareholders' rights caused by the
provision; |
• |
The company’s or the board's
rationale for adopting the provision; |
• |
The provision's impact on the
ability to change the governance structure in the future (e.g.,
limitations on shareholder right to amend the bylaws or charter, or
supermajority vote requirements to amend the bylaws or
charter); |
• |
The ability of shareholders to
hold directors accountable through annual director elections, or whether
the company has a classified board structure;
and, |
• |
A public commitment to put the
provision to a shareholder vote within three years of the date of the
initial public offering. |
Proxy
Policy |
Policy
H-12 |
• |
A classified board structure;
|
• |
A supermajority vote
requirement; |
• |
Either a plurality vote
standard in uncontested director elections or a majority vote standard
with no plurality carve-out for contested
elections; |
• |
The inability for shareholders
to call special meetings; |
• |
The inability for shareholders
to act by written consent; |
• |
A dual-class capital
structure; and/or |
• |
A non-shareholder approved
poison pill. |
• |
The date of the pill‘s
adoption relative to the date of the next meeting of shareholders i.e.
whether the company had time to put the pill on ballot for shareholder
ratification given the circumstances; |
• |
The issuer‘s rationale;
|
• |
The issuer's governance
structure and practices; and |
• |
The issuer's track record of
accountability to shareholders. |
Proxy
Policy |
Policy
H-12 |
• |
The board's rationale for
adopting the bylaw/charter amendment without shareholder
ratification; |
• |
Disclosure by the company of
any significant engagement with shareholders regarding the
amendment; |
• |
The level of impairment of
shareholders' rights caused by the board's unilateral amendment to the
bylaws/charter; |
• |
The board's track record with
regard to unilateral board action on bylaw/charter amendments or other
entrenchment provisions; |
• |
The company's ownership
structure; |
• |
The company's existing
governance provisions; |
• |
Whether the amendment was made
prior to or in connection with the company's initial public
offering; |
• |
Material failures of
governance, stewardship, or fiduciary responsibilities at the company;
|
• |
Failure to replace management
as appropriate; or |
• |
Egregious actions related to
the director(s)’ service on other boards that raise substantial doubt
about his or her ability to effectively oversee management and serve the
best interests of shareholders at any
company. |
• |
The board failed to act on a
shareholder proposal that received the support of a majority of the shares
cast in the previous year. Factors that will be considered are:
|
◦ |
Disclosed outreach efforts by
the board to shareholders in the wake of the
vote; |
◦ |
Rationale provided in the
proxy statement for the level of
implementation; |
◦ |
The subject matter of the
proposal; |
◦ |
The level of support for and
opposition to the resolution in past
meetings; |
◦ |
Actions taken by the board in
response to the majority vote and its engagement with
shareholders; |
◦ |
The continuation of the
underlying issue as a voting item on the ballot (as either shareholder or
management proposals); and |
◦ |
Other factors as
appropriate; |
• |
The board failed to act on
takeover offers where the majority of shares are tendered;
|
• |
At the previous board
election, any director received more than 50 percent withhold/against
votes of the shares cast and the company has failed to address the
issue(s) that caused the high withhold/against vote;
|
• |
The board implements an
advisory vote on executive compensation on a less frequent basis than the
frequency that received the majority of votes cast at the most recent
shareholder meeting at which shareholders voted on the say-on-pay
frequency; or |
Proxy
Policy |
Policy
H-12 |
• |
The board implements an
advisory vote on executive compensation on a less frequent basis than the
frequency that received a plurality, but not a majority, of the votes cast
at the most recent shareholder meeting at which shareholders voted on the
say-on-pay frequency, taking into
account: |
◦ |
The board's rationale for
selecting a frequency that is different from the frequency that received a
plurality; |
◦ |
The company's ownership
structure and vote results; |
◦ |
ISS' analysis of whether there
are compensation concerns or a history of problematic compensation
practices; and |
◦ |
The previous year's support
level on the company's say-on-pay
proposal. |
• |
The inside or affiliated
outside director serves on any of the three key committees: audit,
compensation, or nominating; |
• |
The company lacks an audit,
compensation, or nominating committee so that the full board functions as
that committee; |
• |
The company lacks a formal
nominating committee, even if the board attests that the independent
directors fulfill the functions of such a committee; or
|
• |
The full board is less than
majority independent. |
• |
Medical
issues/illness; |
• |
Family emergencies;
and |
• |
Missing only one meeting (when
the total of all meetings is three or
fewer). |
• |
Sit on more than six public
company boards; or |
• |
Are CEOs of public companies
who sit on the boards of more than two public companies besides their own-
WITHHOLD their outside boards. |
• |
Current employee or current
officeri of the company or one of its
affiliatesii. |
• |
Beneficial owner of more than
50 percent of the company's voting power (this may be aggregated if voting
power is distributed among more than one member of a
group). |
• |
Director named in the Summary
Compensation Table (excluding former interim
officers). |
• |
Board attestation that an
outside director is not independent. |
• |
Former CEO of the
companyiii,iv. |
• |
Former CEO of an acquired
company within the past five yearsiv. |
• |
Former interim officer if the
service was longer than 18 months. If the service was between 12 and 18
months an assessment of the interim officer’s employment agreement will be
madev. |
• |
Former officeri of the company, an
affiliateii or an acquired firm within
the past five years. |
• |
Officeri of a former parent or
predecessor firm at the time the company was sold or split off from the
parent/predecessor within the past five
years. |
• |
Officeri, former officer, or general
or limited partner of a joint venture or partnership with the
company. |
Proxy
Policy |
Policy
H-12 |
• |
Immediate family
membervi
of a current or
former officeri
of the
company or its affiliatesii within the last five
years. |
• |
Immediate family
membervi
of a current
employee of company or its affiliatesii where additional factors
raise concern (which may include, but are not limited to, the following: a
director related to numerous employees; the company or its affiliates
employ relatives of numerous board members; or a non-Section 16 officer in
a key strategic role). |
• |
Currently provides (or an
immediate family membervi
provides)
professional servicesvii
to the company,
to an affiliateii of the company or an
individual officer of the company or one of its affiliates in excess of
$10,000 per year. |
• |
Is (or an immediate family
membervi
is) a partner in,
or a controlling shareholder or an employee of, an organization which
provides professional servicesvii
to the company,
to an affiliateii of the company, or an
individual officer of the company or one of its affiliates in excess of
$10,000 per year. |
• |
Has (or an immediate family
membervi has) any material
transactional relationshipviii
with the
company or its affiliatesii (excluding investments in the
company through a private placement). |
• |
Is (or an immediate family
membervi
is) a partner in,
or a controlling shareholder or an executive officer of, an organization
which has any material transactional relationshipviii
with the company
or its affiliatesii (excluding investments in the
company through a private placement). |
• |
Is (or an immediate family
membervi
is) a trustee,
director, or employee of a charitable or non-profit organization that
receives material grants or endowmentsviii
from the company
or its affiliatesii. |
• |
Party to a voting
agreementix
to vote in line
with management on proposals being brought to shareholder
vote. |
• |
Has (or an immediate family
membervi
has) an
interlocking relationship as defined by the SEC involving members of the
board of directors or its Compensation Committeex. |
• |
Founderxi
of the company
but not currently an employee. |
• |
Any materialxii relationship with the
company. |
Proxy
Policy |
Policy
H-12 |
• |
The reasonableness/scope of
the request; and |
• |
The company’s existing
disclosure on its current CEO succession planning
process. |
• |
Eliminate entirely directors'
and officers' liability for monetary damages for violating the duty of
care. |
• |
Expand coverage beyond just
legal expenses to liability for acts, such as negligence, that are more
serious violations of fiduciary obligation than mere
carelessness. |
• |
Expand the scope of
indemnification to provide for mandatory indemnification of company
officials in connection with acts that previously the company was
permitted to provide indemnification for, at the discretion of the
company's board (i.e., "permissive indemnification"), but that
previously the company was not required to indemnify.
|
Proxy
Policy |
Policy
H-12 |
• |
If the director was found to
have acted in good faith and in a manner that he reasonably believed was
in the best interests of the company; and |
• |
If only the director’s legal
expenses would be covered. |
• |
The company’s board committee
structure, existing subject matter expertise, and board nomination
provisions relative to that of its peers; |
• |
The company’s existing board
and management oversight mechanisms regarding the issue for which board
oversight is sought; |
• |
The company disclosure and
performance relating to the issue for which board oversight is sought and
any significant related controversies;
and |
• |
The scope and structure of the
proposal. |
Generally vote for shareholder
proposals requiring that the chairman’s position be filled by an
independent director, taking into consideration the
following: |
• |
The scope of the
proposal; |
• |
The company's current board
leadership structure; |
• |
The company's governance
structure and practices; |
• |
Company performance;
and |
• |
Any other relevant factors
that may be applicable. |
Proxy
Policy |
Policy
H-12 |
• |
The ownership threshold
proposed in the resolution; |
• |
The proponent’s rationale for
the proposal at the targeted company in terms of board and director
conduct. |
• |
Established a communication
structure that goes beyond the exchange requirements to facilitate the
exchange of information between shareholders and members of the board;
|
• |
Effectively disclosed
information with respect to this structure to its shareholders;
|
• |
Company has not ignored
majority-supported shareholder proposals or a majority withhold vote on a
director nominee; and |
• |
The company has an independent
chairman or a lead director, according to Victory’s definition. This
individual must be made available for periodic consultation and direct
communication with major shareholders. |
• |
Long-term financial
performance of the target company relative to its
industry; |
• |
Management’s track
record; |
• |
Background to the contested
election; |
• |
Nominee qualifications and any
compensatory arrangements; |
Proxy
Policy |
Policy
H-12 |
• |
Strategic plan of dissident
slate and quality of critique against
management; |
• |
Likelihood that the proposed
goals and objectives can be achieved (both slates);
and |
• |
Stock ownership
positions. |
• |
Whether the policy allows the
company to monitor the number of votes cast for purposes of achieving a
quorum or to conduct solicitations for other proper purposes; and
|
• |
Whether the enhanced
confidential voting requirement applies to contested elections of
directors or to contested proxy solicitations, which would put the company
at a disadvantage relative to dissidents. |
Proxy
Policy |
Policy
H-12 |
Vote case-by-case on bylaws
which impact shareholders' litigation rights, taking into account factors
such as: |
• |
The company's stated rationale
for adopting such a provision; |
• |
Disclosure of past harm from
shareholder lawsuits in which plaintiffs were unsuccessful or shareholder
lawsuits outside the jurisdiction of
incorporation; |
• |
The breadth of application of
the bylaw, including the types of lawsuits to which it would apply and the
definition of key terms; and |
Proxy
Policy |
Policy
H-12 |
• |
Governance features such as
shareholders' ability to repeal the provision at a later date (including
the vote standard applied when shareholders attempt to amend the bylaws)
and their ability to hold directors accountable through annual director
elections and a majority vote standard in uncontested elections.
|
• |
The ownership threshold (NOL
protective amendments generally prohibit stock ownership transfers that
would result in a new 5-percent holder or increase the stock ownership
percentage of an existing 5-percent holder);
|
• |
The value of the NOLs;
|
• |
Shareholder protection
mechanisms (sunset provision or commitment to cause expiration of the
protective amendment upon exhaustion or expiration of the NOL);
|
• |
The company's existing
governance structure including: board independence, existing takeover
defenses, track record of responsiveness to shareholders, and any other
problematic governance concerns; and |
• |
Any other factors that may be
applicable. |
• |
Shareholders have approved the
adoption of the plan; or |
• |
The board, in its exercise of
its fiduciary responsibilities, determines that it is in the best interest
of shareholders under the circumstances to adopt a pill without the delay
in adoption that would result from seeking stockholder approval (i.e., the
“fiduciary out” provision). A poison pill adopted under this fiduciary out
will be put to a shareholder ratification vote within 12 months of
adoption or expire. If the pill is not approved by a majority of the votes
cast on this issue, the plan will immediately
terminate. |
• |
No lower than a 20% trigger,
flip-in or flip-over; |
• |
A term of no more than three
years; |
• |
No dead-hand, slow-hand,
no-hand or similar feature that limits the ability of a future board to
redeem the pill; |
• |
Shareholder redemption feature
(qualifying offer clause); if the board refuses to redeem the pill 90 days
after a qualifying offer is announced, 10 percent of the shares may call a
special meeting or seek a written consent to vote on rescinding the pill.
|
• |
The ownership threshold to
transfer (NOL pills generally have a trigger slightly below 5 percent);
|
Proxy
Policy |
Policy
H-12 |
• |
The value of the NOLs;
|
• |
Shareholder protection
mechanisms (sunset provision, or commitment to cause expiration of the
pill upon exhaustion or expiration of NOLs);
|
• |
The company's existing
governance structure including: board independence, existing takeover
defenses, track record of responsiveness to shareholders, and any other
problematic governance concerns; and |
• |
Any other factors that may be
applicable. |
• |
The election of fewer than 50%
of the directors to be elected is contested in the
election; |
• |
One or more of the dissident’s
candidates is elected; |
• |
Shareholders are not permitted
to cumulate their votes for directors;
and |
• |
The election occurred, and the
expenses were incurred, after the adoption of this
bylaw. |
• |
Reasons for
reincorporation; |
• |
Comparison of company's
governance practices and provisions prior to and following the
reincorporation; and |
• |
Comparison of corporation laws
of original state and destination state. |
• |
Shareholders' current right to
act by written consent; |
• |
The consent threshold;
|
• |
The inclusion of exclusionary
or prohibitive language; |
• |
Investor ownership structure;
and |
• |
Shareholder support of, and
management's response to, previous shareholder
proposals. |
• |
An unfettered right for
shareholders to call special meetings at a 10 percent
threshold; |
• |
A majority vote standard in
uncontested director elections; |
• |
No non-shareholder-approved
pill; and |
• |
An annually elected board.
|
Proxy
Policy |
Policy
H-12 |
• |
Past Board
Performance: |
◦ |
The company's use of
authorized shares during the last three
years |
• |
The Current
Request: |
◦ |
Disclosure in the proxy
statement of the specific purposes of the proposed
increase; |
◦ |
Disclosure in the proxy
statement of specific and severe risks to shareholders of not approving
the request; and |
◦ |
The dilutive impact of the
request as determined by an allowable increase calculated by Victory
(typically 100 percent of existing authorized shares) that reflects the
company's need for shares and total shareholder
returns. |
Proxy
Policy |
Policy
H-12 |
• |
The size of the
company; |
• |
The shareholder base;
and |
• |
The liquidity of the
stock. |
• |
Past Board
Performance: |
◦ |
The company's use of
authorized preferred shares during the last three
years; |
• |
The Current
Request: |
◦ |
Disclosure in the proxy
statement of the specific purposes for the proposed
increase; |
◦ |
Disclosure in the proxy
statement of specific and severe risks to shareholders of not approving
the request; |
◦ |
In cases where the company has
existing authorized preferred stock, the dilutive impact of the request as
determined by an allowable increase calculated by Victory (typically 100
percent of existing authorized shares) that reflects the company's need
for shares and total shareholder returns;
and |
◦ |
Whether the shares requested
are blank check preferred shares that can be used for antitakeover
purposes. |
• |
More simplified capital
structure; |
• |
Enhanced
liquidity; |
• |
Fairness of conversion
terms; |
• |
Impact on voting power and
dividends; |
• |
Reasons for the
reclassification; |
• |
Conflicts of interest;
and |
• |
Other alternatives
considered. |
• |
A stock exchange has provided
notice to the company of a potential delisting;
or |
• |
The effective increase in
authorized shares is equal to or less than the allowable increase
calculated in accordance with Victory's Common Stock Authorization
policy. |
Proxy
Policy |
Policy
H-12 |
• |
Adverse governance
changes; |
• |
Excessive increases in
authorized capital stock; |
• |
Unfair method of
distribution; |
• |
Diminution of voting
rights; |
• |
Adverse conversion
features; |
• |
Negative impact on stock
option plans; and |
• |
Alternatives such as
spin-off. |
• |
Purchase
price; |
• |
Fairness
opinion; |
• |
Financial and strategic
benefits; |
• |
How the deal was
negotiated; |
• |
Conflicts of
interest; |
• |
Other alternatives for the
business; |
• |
Non-completion
risk. |
• |
Impact on the balance
sheet/working capital; |
• |
Potential elimination of
diseconomies; |
• |
Anticipated financial and
operating benefits; |
• |
Anticipated use of
funds; |
• |
Value received for the
asset; |
• |
Fairness
opinion; |
• |
How the deal was
negotiated; |
• |
Conflicts of
interest. |
Proxy
Policy |
Policy
H-12 |
• |
Dilution to existing
shareholders' positions; |
• |
Terms of the offer -
discount/premium in purchase price to investor, including any fairness
opinion; termination penalties; exit strategy;
|
• |
Financial issues - company's
financial situation; degree of need for capital; use of proceeds; effect
of the financing on the company's cost of
capital; |
• |
Management's efforts to pursue
other alternatives; |
• |
Control issues - change in
management; change in control, guaranteed board and committee seats;
standstill provisions; voting agreements; veto power over certain
corporate actions; and |
• |
Conflict of interest - arm's
length transaction, managerial incentives.
|
• |
The reasons for the
change; |
• |
Any financial or tax
benefits; |
• |
Regulatory
benefits; |
• |
Increases in capital
structure; and |
• |
Changes to the articles of
incorporation or bylaws of the company. |
• |
Increases in common or
preferred stock in excess of the allowable maximum (see discussion under
“Capital”); or |
• |
Adverse changes in shareholder
rights. |
• |
Offer price/premium;
|
• |
Fairness
opinion; |
• |
How the deal was
negotiated; |
• |
Conflicts of interest;
|
• |
Other alternatives/offers
considered; and |
• |
Non-completion
risk. |
• |
Whether the company has
attained benefits from being publicly-traded (examination of trading
volume, liquidity, and market research of the stock);
|
• |
Balanced interests of
continuing vs. cashed-out shareholders, taking into account the
following: |
◦ |
Are all shareholders able to
participate in the transaction? |
◦ |
Will there be a liquid market
for remaining shareholders following the transaction?
|
◦ |
Does the company have strong
corporate governance? |
◦ |
Will insiders reap the gains
of control following the proposed
transaction? |
Proxy
Policy |
Policy
H-12 |
◦ |
Does the state of
incorporation have laws requiring continued reporting that may benefit
shareholders? |
• |
Percentage of assets/business
contributed; |
• |
Percentage
ownership; |
• |
Financial and strategic
benefits; |
• |
Governance
structure; |
• |
Conflicts of
interest; |
• |
Other alternatives;
and |
• |
Non-completion
risk. |
• |
Management’s efforts to pursue
other alternatives; |
• |
Appraisal value of assets; and
|
• |
The compensation plan for
executives managing the liquidation. |
• |
Valuation - Is the value to be
received by the target shareholders (or paid by the acquirer) reasonable?
While the fairness opinion may provide an initial starting point for
assessing valuation reasonableness, emphasis is placed on the offer
premium, market reaction and strategic rationale.
|
• |
Market reaction - How has the
market responded to the proposed deal? A negative market reaction should
cause closer scrutiny of a deal. |
• |
Strategic rationale - Does the
deal make sense strategically? From where is the value derived? Cost and
revenue synergies should not be overly aggressive or optimistic, but
reasonably achievable. Management should also have a favorable track
record of successful integration of historical acquisitions.
|
• |
Negotiations and process -
Were the terms of the transaction negotiated at arm's-length? Was the
process fair and equitable? A fair process helps to ensure the best price
for shareholders. Significant negotiation "wins" can also signify the deal
makers' competency. The comprehensiveness of the sales process (e.g., full
auction, partial auction, no auction) can also affect shareholder value.
|
• |
Conflicts of interest - Are
insiders benefiting from the transaction disproportionately and
inappropriately as compared to non-insider shareholders? As the result of
potential conflicts, the directors and officers of the company may be more
likely to vote to approve a merger than if they did not hold these
interests. Consider whether these interests may have influenced these
directors and officers to support or recommend the merger.
|
• |
Governance - Will the combined
company have a better or worse governance profile than the current
governance profiles of the respective parties to the transaction? If the
governance profile is to change for the worse, the burden is on the
company to prove that other issues (such as valuation) outweigh any
deterioration in governance. |
• |
Dilution to existing
shareholders' position: The amount and timing of shareholder ownership
dilution should be weighed against the needs and proposed shareholder
benefits of the capital infusion. Although newly issued common stock,
absent preemptive rights, is typically dilutive to existing shareholders,
share price appreciation is often the necessary event to trigger the
exercise of "out of the money" warrants and convertible debt. In these
instances from a value standpoint, the negative impact of dilution is
mitigated by the increase in the company's stock price that must occur to
trigger the dilutive event. |
Proxy
Policy |
Policy
H-12 |
• |
Terms of the offer
(discount/premium in purchase price to investor, including any fairness
opinion, conversion features, termination penalties, exit strategy):
|
o |
The terms of the offer should
be weighed against the alternatives of the company and in light of
company's financial condition. Ideally, the conversion price for
convertible debt and the exercise price for warrants should be at a
premium to the then prevailing stock price at the time of private
placement. |
o |
When evaluating the magnitude
of a private placement discount or premium, consider factors that
influence the discount or premium, such as, liquidity, due diligence
costs, control and monitoring costs, capital scarcity, information
asymmetry and anticipation of future performance.
|
• |
Financial
issues: |
o |
The company's financial
condition; |
o |
Degree of need for
capital; |
o |
Use of
proceeds; |
o |
Effect of the financing on the
company's cost of capital; |
o |
Current and proposed cash burn
rate; |
o |
Going concern viability and
the state of the capital and credit
markets. |
• |
Management's efforts to pursue
alternatives and whether the company engaged in a process to evaluate
alternatives: A fair, unconstrained process helps to ensure the best price
for shareholders. Financing alternatives can include joint ventures,
partnership, merger or sale of part or all of the
company. |
• |
Control
issues: |
o |
Change in
management; |
o |
Change in control;
|
o |
Guaranteed board and committee
seats; |
o |
Standstill provisions;
|
o |
Voting agreements;
|
o |
Veto power over certain
corporate actions; and |
o |
Minority versus majority
ownership and corresponding minority discount or majority control
premium |
• |
Conflicts of interest:
|
o |
Conflicts of interest should
be viewed from the perspective of the company and the
investor. |
o |
Were the terms of the
transaction negotiated at arm's length? Are managerial incentives aligned
with shareholder interests? |
• |
Market reaction:
|
o |
The market's response to the
proposed deal. A negative market reaction is a cause for concern.
Market reaction may be addressed by analyzing the one day impact on the
unaffected stock price. |
• |
Estimated value and financial
prospects of the reorganized company; |
• |
Percentage ownership of
current shareholders in the reorganized
company; |
• |
Whether shareholders are
adequately represented in the reorganization process (particularly through
the existence of an Official Equity
Committee); |
• |
The cause(s) of the bankruptcy
filing, and the extent to which the plan of reorganization addresses the
cause(s); |
• |
Existence of a superior
alternative to the plan of reorganization;
and |
• |
Governance of the reorganized
company. |
Proxy
Policy |
Policy
H-12 |
• |
Valuation – Is the value being
paid by the SPAC reasonable? SPACs generally lack an independent fairness
opinion and the financials on the target may be limited. Compare the
conversion price with the intrinsic value of the target company provided
in the fairness opinion. Also, evaluate the proportionate value of the
combined entity attributable to the SPAC IPO shareholders versus the
pre-merger value of SPAC. Additionally, a private company
discount may be applied to the target, if it is a private
entity. |
• |
Market reaction – How has the
market responded to the proposed deal? A negative market reaction may
be a cause for concern. Market reaction may be addressed by
analyzing the one-day impact on the unaffected stock
price. |
• |
Deal timing – A main driver
for most transactions is that the SPAC charter typically requires the
deal to be complete within 18 to 24 months, or the SPAC is to be
liquidated. Evaluate the valuation, market reaction, and potential
conflicts of interest for deals that are announced close to the
liquidation date. |
• |
Negotiations and process –
What was the process undertaken to identify potential target companies
within specified industry or location specified in charter? Consider the
background of the sponsors. |
• |
Conflicts of interest – How
are sponsors benefiting from the transaction compared to IPO shareholders?
Potential conflicts could arise if a fairness opinion is issued by the
insiders to qualify the deal rather than a third party or if management is
encouraged to pay a higher price for the target because of an 80% rule
(the charter requires that the fair market value of the target is at
least equal to 80% of net assets of the SPAC). Also, there may be sense of
urgency by the management team of the SPAC to close the deal since its
charter typically requires a transaction to be completed within the 18-24
month timeframe. |
• |
Voting agreements – Are the
sponsors entering into enter into any voting agreements/ tender offers
with shareholders who are likely to vote AGAINST the proposed merger or
exercise conversion rights? |
• |
Governance – What is the
impact of having the SPAC CEO or founder on key committees following the
proposed merger? |
• |
Tax and regulatory
advantages; |
• |
Planned use of the sale
proceeds; |
• |
Valuation of
spinoff; |
• |
Fairness
opinion; |
• |
Benefits to the parent
company; |
• |
Conflicts of
interest; |
• |
Managerial
incentives; |
• |
Corporate governance
changes; |
• |
Changes in the capital
structure. |
• |
Hiring a financial advisor to
explore strategic alternatives; |
• |
Selling the company;
or |
• |
Liquidating the company and
distributing the proceeds to
shareholders. |
• |
Prolonged poor performance
with no turnaround in sight; |
• |
Signs of entrenched board and
management (such as the adoption of takeover
defenses); |
• |
Strategic plan in place for
improving value; |
• |
Likelihood of receiving
reasonable value in a sale or dissolution; and
|
• |
The company actively exploring
its strategic options, including retaining a financial
advisor. |
Proxy
Policy |
Policy
H-12 |
1. |
Maintain appropriate
pay-for-performance alignment, with emphasis on long-term shareholder
value: This principle encompasses overall executive pay practices, which
must be designed to attract, retain, and appropriately motivate the key
employees who drive shareholder value creation over the long term. It will
take into consideration, among other factors, the link between pay and
performance; the mix between fixed and variable pay; performance goals;
and equity-based plan costs; |
2. |
Avoid arrangements that risk
“pay for failure”: This principle addresses the appropriateness of long or
indefinite contracts, excessive severance packages, and guaranteed
compensation; |
3. |
Maintain an independent and
effective compensation committee: This principle promotes oversight of
executive pay programs by directors with appropriate skills, knowledge,
experience, and a sound process for compensation decision-making (e.g.,
including access to independent expertise and advice when
needed); |
4. |
Provide shareholders with
clear, comprehensive compensation disclosures: This principle underscores
the importance of informative and timely disclosures that enable
shareholders to evaluate executive pay practices fully and
fairly; |
5. |
Avoid inappropriate pay to
non-executive directors: This principle recognizes the interests of
shareholders in ensuring that compensation to outside directors does not
compromise their independence and ability to make appropriate judgments in
overseeing managers’ pay and performance. At the market level, it may
incorporate a variety of generally accepted best
practices. |
• |
There is a misalignment
between CEO pay and company performance (pay for
performance); |
• |
The company maintains
problematic
pay practices; |
• |
The board exhibits poor
communication and responsiveness to
shareholders. |
• |
Insufficient Executive
Compensation Disclosure by Externally Managed Issuers (EMIs) to the list
of practices that may result in an adverse recommendation on the advisory
vote on executive compensation. This refers to an EMI's failure to provide
sufficient disclosure to enable shareholders to make a reasonable
assessment of compensation arrangements for the EMI's named executive
officers. |
• |
Evaluation of performance
metrics in short-term and long-term plans, as discussed and explained in
the Compensation Discussion & Analysis (CD&A). Consider the
measures, goals, and target awards reported by the company for executives’
short- and long-term incentive awards: disclosure, explanation of their
alignment |
Proxy
Policy |
Policy
H-12 |
• |
Evaluation of peer group
benchmarking used to set target pay or award opportunities. Consider the
rationale stated by the company for constituents in its pay benchmarking
peer group, as well as the benchmark targets it uses to set or validate
executives’ pay (e.g., median, 75th percentile, etc.,) to ascertain
whether the benchmarking process is sound or may result in pay
“ratcheting” due to inappropriate peer group constituents (e.g., much
larger companies) or targeting (e.g., above median); and
|
• |
Balance of performance-based
versus non-performance-based pay. Consider the ratio of performance-based
(not including plain vanilla stock options) vs. non-performance-based pay
elements reported for the CEO’s latest reported fiscal year compensation,
especially in conjunction with concerns about other factors such as
performance metrics/goals, benchmarking practices, and pay-for-performance
disconnects. |
• |
Whether a company’s one-year
and three-year total shareholder returns (“TSR”) are in the bottom half of
its industry group (i.e., four-digit GICS – Global Industry Classification
Group); and |
• |
Whether the total compensation
of a CEO who has served at least two consecutive fiscal years is aligned
with the company’s total shareholder return over time, including both
recent and long-term periods. |
• |
AGAINST management "say on
pay" (MSOP) proposals; |
• |
AGAINST/WITHHOLD on
compensation committee members (or in rare cases where the full board is
deemed responsible, all directors including the
CEO): |
◦ |
In egregious situations;
|
◦ |
When no MSOP item is on the
ballot; or |
◦ |
When the board has failed to
respond to concerns raised in prior MSOP evaluations; and/or
|
• |
AGAINST
an equity
incentive plan proposal if excessive non-performance-based equity awards
are the major contributors to a pay-for-performance
misalignment. |
• |
Problematic practices related
to non-performance-based compensation
elements; |
• |
Incentives that may motivate
excessive risk-taking; and |
• |
Options
Backdating. |
Proxy
Policy |
Policy
H-12 |
• |
Repricing or replacing of
underwater stock options/SARS without prior shareholder approval
(including cash buyouts and voluntary surrender of underwater
options); |
• |
Excessive perquisites or tax
gross-ups, including any gross-up related to a secular trust or restricted
stock vesting; |
• |
New or extended agreements
that provide for: |
◦ |
CIC payments exceeding 3 times
base salary and average/target/most recent bonus;
|
◦ |
CIC severance payments without
involuntary job loss or substantial diminution of duties ("single" or
"modified single" triggers); |
◦ |
CIC payments with excise tax
gross-ups (including "modified"
gross-ups). |
• |
Multi-year guaranteed bonuses;
|
• |
A single performance metric
used for short- and long-term plans; |
• |
Lucrative severance packages;
|
• |
High pay opportunities
relative to industry peers; |
• |
Disproportionate supplemental
pensions; or |
• |
Mega annual equity grants that
provide unlimited upside with no downside
risk. |
• |
Reason and motive for the
options backdating issue, such as inadvertent vs. deliberate grant date
changes; |
• |
Duration of options
backdating; |
• |
Size of restatement due to
options backdating; |
• |
Corrective actions taken by
the board or compensation committee, such as canceling or re-pricing
backdated options, the recouping of option gains on backdated grants; and
|
• |
Adoption of a grant policy
that prohibits backdating, and creates a fixed grant schedule or window
period for equity grants in the future. |
• |
Poor disclosure practices,
including: |
◦ |
Unclear explanation of how the
CEO is involved in the pay setting
process; |
◦ |
Retrospective performance
targets and methodology not discussed; |
◦ |
Methodology for
benchmark ing practices and/or peer group not
disclosed and explained. |
• |
Board’s responsiveness to
investor input and engagement on compensation issues, for
example: |
o |
Failure to respond to
majority-supported shareholder proposals on executive pay topics;
or |
o |
Failure to respond to concerns
raised in connection with significant opposition to MSOP proposals.
|
Proxy
Policy |
Policy
H-12 |
• |
Single- or
modified-single-trigger cash severance; |
• |
Single-trigger acceleration of
unvested equity awards; |
• |
Excessive cash severance
(>3x base salary and bonus); |
• |
Excise tax gross-ups triggered
and payable (as opposed to a provision to provide excise tax
gross-ups); |
• |
Excessive golden parachute
payments (on an absolute basis or as a percentage of transaction equity
value); or |
• |
Recent amendments that
incorporate any problematic features (such as those above) or recent
actions (such as extraordinary equity grants) that may make packages so
attractive as to influence merger agreements that may not be in the best
interests of shareholders; or |
• |
The company's assertion that a
proposed transaction is conditioned on shareholder approval of the golden
parachute advisory vote. |
Vote case-by-case on certain
equity-based compensation plans3 depending on a
combination of certain plan features and equity grant practices, where
positive factors may counterbalance negative factors, and vice versa, as
evaluated using an "equity plan scorecard" (EPSC) approach with three
pillars: |
• |
SVT based on new shares
requested plus shares remaining for future grants, plus outstanding
unvested/unexercised grants; and |
• |
SVT based only on new shares
requested plus shares remaining for future
grants. |
• |
Automatic single-triggered
award vesting upon a change in control
(CIC); |
• |
Discretionary vesting
authority; |
• |
Liberal share recycling on
various award types; |
• |
Lack of minimum vesting period
for grants made under the plan. |
Proxy
Policy |
Policy
H-12 |
• |
The company’s three year
burn
rate relative
to its industry/market cap peers; |
• |
Vesting requirements in most
recent CEO equity grants (3-year
look-back); |
• |
The estimated duration of the
plan (based on the sum of shares remaining available and the new shares
requested, divided by the average annual shares granted in the prior three
years); |
• |
The proportion of the CEO's
most recent equity grants/awards subject to performance
conditions; |
• |
Whether the company maintains
a claw-back policy; |
• |
Whether the company has
established post exercise/vesting share-holding
requirements. |
• |
Awards may vest in connection
with a liberal
change-of-control definition;
|
• |
The plan would permit
repricing or cash buyout of underwater
options without shareholder approval (either by expressly permitting it –
for NYSE and Nasdaq listed companies -- or by not prohibiting it when the
company has a history of repricing – for non-listed
companies); |
• |
The plan is a vehicle for
problematic
pay practices
or a significant pay-for-performance
disconnect
under certain circumstances; or |
• |
Any other plan features are
determined to have a significant negative impact on shareholder interests.
|
Proxy
Policy |
Policy
H-12 |
• |
Amend the terms of outstanding
options or SARs to reduce the exercise price of such outstanding options
or SARs; |
• |
Cancel outstanding options or
SARs in exchange for options or SARs with an exercise price that is less
than the exercise price of the original options or
SARs. |
• |
Magnitude of pay misalignment;
|
• |
Contribution of
non–performance-based equity grants to overall pay;
and |
• |
The proportion of equity
awards granted in the last three fiscal years concentrated at the named
executive officer level. |
• |
Purchase price is at least 85
percent of fair market value; |
• |
Offering period is 27 months
or less; and |
• |
The number of shares allocated
to the plan is ten percent or less of the outstanding
shares. |
Proxy
Policy |
Policy
H-12 |
• |
Purchase price is less than 85
percent of fair market value; or |
• |
Offering period is greater
than 27 months; or |
• |
The number of shares allocated
to the plan is more than ten percent of the outstanding
shares. |
• |
Broad-based participation
(i.e., all employees of the company with the exclusion of individuals with
5 percent or more of beneficial ownership of the
company); |
• |
Limits on employee
contribution, which may be a fixed dollar amount or expressed as a percent
of base salary; |
• |
Company matching contribution
up to 25 percent of employee’s contribution, which is effectively a
discount of 20 percent from market value; |
• |
No discount on the stock price
on the date of purchase since there is a company matching
contribution. |
Proxy
Policy |
Policy
H-12 |
• |
Executive officers and
non-employee directors are excluded from
participating; |
• |
Stock options are purchased by
third-party financial institutions at a discount to their fair value using
option pricing models such as Black-Scholes or a Binomial Option Valuation
or other appropriate financial models; |
• |
There is a two-year minimum
holding period for sale proceeds (cash or stock) for all
participants. |
• |
Eligibility;
|
• |
Vesting;
|
• |
Bid-price;
|
• |
Term of options;
|
• |
Cost of the program and impact
of the TSOs on company’s total option
expense |
• |
Option repricing policy.
|
• |
Director stock ownership
guidelines with a minimum of three times the annual cash
retainer. |
• |
Vesting schedule or mandatory
holding/deferral period: |
◦ |
A minimum vesting of three
years for stock options or restricted stock;
or |
◦ |
Deferred stock payable at the
end of a three-year deferral period. |
• |
Mix between cash and
equity: |
◦ |
A balanced mix of cash and
equity, for example 40% cash/60% equity or 50% cash/50% equity;
or |
◦ |
If the mix is heavier on the
equity component, the vesting schedule or deferral period should be more
stringent, with the lesser of five years or the term of
directorship. |
• |
No retirement/benefits and
perquisites provided to non-employee directors;
and |
• |
Detailed disclosure provided
on cash and equity compensation delivered to each non-employee director
for the most recent fiscal year in a table. The column headers for the
table may include the following: name of each non-employee director,
annual retainer, board meeting fees, committee retainer, committee-meeting
fees, and equity grants. |
Proxy
Policy |
Policy
H-12 |
• |
The company’s past practices
regarding equity and cash compensation; |
• |
Whether the company has a
holding period or stock ownership requirements in place, such as a
meaningful retention ratio (at least 50 percent for full tenure);
and |
• |
Whether the company has a
rigorous claw-back policy in place. |
• |
while employed and/or for two
years following the termination of their employment ;
or |
• |
for a substantial period
following the lapse of all other vesting requirements for the award
(“lock-up period”), with ratable release of a portion of the shares
annually during the lock-up period. |
Proxy
Policy |
Policy
H-12 |
• |
Whether the company has any
holding period, retention ratio, or officer ownership requirements in
place. These should consist of: |
◦ |
Rigorous stock ownership
guidelines; |
◦ |
A holding period requirement
coupled with a significant long-term ownership requirement; or
|
◦ |
A meaningful retention ratio;
|
• |
Actual officer stock ownership
and the degree to which it meets or exceeds the proponent’s suggested
holding period/retention ratio or the company’s own stock ownership or
retention requirements; |
• |
Post-termination holding
requirement policies or any policies aimed at mitigating risk taking by
senior executives; |
• |
Problematic pay practices,
current and past, which may promote a short-term versus a long-term
focus. |
• |
Whether the company has any
holding period, retention ratio, or officer ownership requirements in
place. These should consist of: |
◦ |
Rigorous stock ownership
guidelines, or |
◦ |
A holding period requirement
coupled with a significant long-term ownership requirement, or
|
◦ |
A meaningful retention ratio,
|
• |
Actual officer stock ownership
and the degree to which it meets or exceeds the proponent’s suggested
holding period/retention ratio or the company’s own stock ownership or
retention requirements. |
• |
Problematic pay practices,
current and past, which may promote a short-term versus a long-term
focus. |
• |
First, vote FOR shareholder
proposals advocating the use of performance-based equity awards, such as
performance contingent options or restricted stock, indexed options or
premium-priced options, unless the proposal is overly restrictive or if
the company has demonstrated that it is using a “substantial” portion of
performance-based awards for its top executives. Standard stock options
and performance-accelerated awards do not meet the criteria to be
considered as performance-based awards. Premium priced options should have
a premium of at least 25 percent and higher to be considered performance
based awards. |
• |
Second, assess the rigor of
the company’s performance based equity program. If the bar set for the
performance based program is too low based on the company’s historical or
peer group comparison, |
Proxy
Policy |
Policy
H-12 |
• |
Adoption, amendment, or
termination of a 10b5-1 Plan must be disclosed within two business days in
a Form 8-K; |
• |
Amendment or early termination
of a 10b5-1 Plan is allowed only under extraordinary circumstances, as
determined by the board; |
• |
Ninety days must elapse
between adoption or amendment of a 10b5-1 Plan and initial trading under
the plan; |
• |
Reports on Form 4 must
identify transactions made pursuant to a 10b5-1
Plan; |
• |
An executive may not trade in
company stock outside the 10b5-1 Plan. |
• |
Trades under a 10b5-1 Plan
must be handled by a broker who does not handle other securities
transactions for the executive. |
• |
If the company has adopted a
formal recoupment bonus policy; |
• |
If the company has chronic
restatement history or material financial problems;
or |
• |
If the company’s policy
substantially addresses the concerns raised by the proponent.
|
• |
The triggering mechanism
should be beyond the control of
management; |
• |
The amount should not exceed
three times base amount (defined as the average annual taxable W-2
compensation during the five years prior to the year in which the change
of control occurs; |
• |
Change-in-control payments
should be double-triggered, i.e., (1) after a change in control has taken
place, and (2) termination of the executive as a result of the change in
control. Change in control is defined as a change in the company ownership
structure. |
Proxy
Policy |
Policy
H-12 |
• |
The company’s current
treatment of equity in change-of-control situations (i.e. is it double
triggered, does it allow for the assumption of equity by acquiring
company, the treatment of performance
shares. |
• |
Current employment agreements,
including potential poor pay practices such as gross-ups embedded in those
agreements. |
Proxy
Policy |
Policy
H-12 |
• |
The company's policies, and
management and board oversight related to its direct political
contributions and payments to trade associations or other groups that may
be used for political purposes; |
• |
The company's disclosure
regarding its support of, and participation in, trade associations or
other groups that may make political contributions;
and |
• |
Recent significant
controversies, fines, or litigation related to the company's political
contributions or political activities. |
Generally vote against
proposals asking a company to affirm political nonpartisanship in the
workplace, so long as: |
• |
There are no recent,
significant controversies, fines, or litigation regarding the company’s
political contributions or trade association spending;
and |
• |
The company has procedures in
place to ensure that employee contributions to company-sponsored political
action committees (PACs) are strictly voluntary and prohibit
coercion. |
• |
The company’s current
disclosure of relevant lobbying policies, and management and board
oversight; |
• |
The company’s disclosure
regarding trade associations or other groups that it supports, or is a
member of, that engage in lobbying activities;
and |
• |
Recent significant
controversies, fines, or litigation regarding the company’s
lobbying-related activities. |
• |
Company already provides
sustainability reporting, even if it doesn’t follow the specific standards
requested in the proposal |
• |
Similar disclosure as its
peers |
• |
Free from any major incidents
in the past several years |
• |
The degree to which existing
relevant policies and practices are disclosed, including information on
the implementation of these policies and any related oversight mechanisms;
|
• |
The company’s industry and
whether the company or its suppliers operate in countries or areas where
there is a history of human rights concerns;
|
• |
Recent, significant
controversies, fines, or litigation regarding human rights involving the
company or its suppliers, and whether the company has taken remedial
steps; and |
• |
Whether the proposal is unduly
burdensome or overly prescriptive. |
Proxy
Policy |
Policy
H-12 |
• |
Past performance as a
closed-end fund; |
• |
Market in which the fund
invests; |
• |
Measures taken by the board to
address the discount; and |
• |
Past shareholder activism,
board activity, and votes on related proposals. |
• |
Past performance relative to
its peers; |
• |
Market in which fund
invests; |
• |
Measures taken by the board to
address the issues; |
• |
Past shareholder activism,
board activity, and votes on related
proposals; |
• |
Strategy of the incumbents
versus the dissidents; |
• |
Independence of
directors; |
• |
Experience and skills of
director candidates; |
• |
Governance profile of the
company; |
• |
Evidence of management
entrenchment. |
• |
Proposed and current fee
schedules; |
• |
Fund category/investment
objective; |
• |
Performance
benchmarks; |
• |
Share price performance as
compared with peers; |
• |
Resulting fees relative to
peers; |
• |
Assignments (where the advisor
undergoes a change of control). |
• |
Stated specific financing
purpose; |
• |
Possible dilution for common
shares; |
• |
Whether the shares can be used
for antitakeover purposes. |
• |
Potential
competitiveness; |
• |
Regulatory
developments; |
• |
Current and potential returns;
and |
• |
Current and potential
risk. |
Proxy
Policy |
Policy
H-12 |
• |
The fund's target
investments; |
• |
The reasons given by the fund
for the change; and |
• |
The projected impact of the
change on the portfolio. |
• |
Political/economic changes in
the target market; |
• |
Consolidation in the target
market; and |
• |
Current asset
composition. |
• |
Potential
competitiveness; |
• |
Current and potential
returns; |
• |
Risk of
concentration; |
• |
Consolidation in target
industry. |
• |
Strategies employed to salvage
the company; |
• |
The fund’s past
performance; |
• |
The terms of the
liquidation. |
• |
The degree of change implied
by the proposal; |
• |
The efficiencies that could
result; |
• |
The state of
incorporation; |
• |
Regulatory standards and
implications. |
• |
Removal of shareholder
approval requirement to reorganize or terminate the trust or any of its
series; |
• |
Removal of shareholder
approval requirement for amendments to the new declaration of
trust; |
• |
Removal of shareholder
approval requirement to amend the fund's management contract, allowing the
contract to be modified by the investment manager and the trust
management, as permitted by the 1940 Act; |
• |
Allow the trustees to impose
other fees in addition to sales charges on investment in a fund, such as
deferred sales charges and redemption fees that may be imposed upon
redemption of a fund's shares; |
• |
Removal of shareholder
approval requirement to engage in and terminate subadvisory
arrangements; |
• |
Removal of shareholder
approval requirement to change the domicile of the
fund. |
• |
Regulations of both
states; |
• |
Required fundamental policies
of both states; |
• |
The increased flexibility
available. |
Proxy
Policy |
Policy
H-12 |
• |
Fees charged to comparably
sized funds with similar objectives; |
• |
The proposed distributor’s
reputation and past performance; |
• |
The competitiveness of the
fund in the industry; |
• |
The terms of the
agreement. |
• |
Resulting fee structure;
|
• |
Performance of both
funds; |
• |
Continuity of management
personnel; |
• |
Changes in corporate
governance and their impact on shareholder
rights. |
• |
Performance of the fund’s Net
Asset Value (NAV); |
• |
The fund’s history of
shareholder relations; |
• |
The performance of other funds
under the advisor’s management. |
• |
Vote the proxy in accordance
with the Proxy Voting Guidelines unless such guidelines are judged by the
Proxy Committee to be inapplicable to the proxy matter at
issue |
• |
In the event that the Proxy
Voting Guidelines are inapplicable, determine whether a vote for, or
against, the proxy is in the best interest of the client’s
account |
• |
Document the nature of the
conflict and the rationale for the recommended
vote |
Proxy
Policy |
Policy
H-12 |
• |
Solicit the opinions of
Victory’s Chief Compliance Officer, and if necessary the Chief Legal
Officer, or their designee, or consult an internal or external,
independent adviser |
• |
report to the Victory Capital
Management Board any proxy votes that took place with a material conflict
situation present, including the nature of the conflict and the basis or
rationale for the voting decision made. |
• |
copies of all policies and
procedures required by Rule 206(4)-6 |
• |
a written record of votes cast
on behalf of clients |
• |
any documents prepared by
Victory or the Proxy Committee germane to the voting
decision |
• |
a copy of each written client
request for information on how Victory voted proxies on such client’s
behalf |
• |
a copy of any written response
by Victory to any written or verbal client request for information on how
Victory voted such client’s proxies |
Proxy
Policy |
Policy
H-12 |
Proxy
Policy |
Policy
H-12 |
Proxy
Policy |
Policy
H-12 |
1. |
BACKGROUND
|
• |
The underlying advisory
agreement entered into with the client expressly provides that the Adviser
shall be responsible to vote proxies received in connection with the
client’s account; or |
• |
The underlying advisory
agreement entered into with the client is silent as to whether or not the
Adviser shall be responsible to vote proxies received in connection with
the client’s account and the Adviser has discretionary
authority over investment decisions for the client’s account;
or |
• |
In case of an employee benefit
plan, the client (or any plan trustee or other fiduciary) has
not reserved the
power to vote proxies in either the underlying advisory agreement entered
into with the client or in the client’s plan
documents. |
2. |
PROXY
VOTING POLICIES
|
A. |
Specific
Voting Policies
|
1. |
Routine
Items: |
• |
The Adviser will generally
vote for the election of directors (where no corporate governance issues
are implicated). |
• |
The Adviser will generally
vote for the selection of independent
auditors. |
• |
The Adviser will generally
vote for increases in or reclassification of common
stock. |
• |
The Adviser will generally
vote for management recommendations adding or amending indemnification
provisions in charter or by-laws. |
• |
The Adviser will generally
vote for changes in the board of
directors. |
• |
The Adviser will generally
vote for outside director compensation. |
• |
The Adviser will generally
vote for proposals that maintain or strengthen the shared interests of
shareholders and management |
• |
The Adviser will generally
vote for proposals that increase shareholder
value |
• |
The Adviser will generally
vote for proposals that will maintain or increase shareholder influence
over the issuer's board of directors and
management |
• |
The Adviser will generally
vote for proposals that maintain or increase the rights of
shareholders |
2. |
Non-Routine and Conflict of
Interest Items: |
• |
The Adviser will generally
vote for management proposals for merger or reorganization if the
transaction appears to offer fair value. |
• |
The Adviser will generally
vote against shareholder resolutions that consider only non-financial
impacts of mergers |
• |
The Adviser will generally
vote against anti-greenmail provisions. |
B. |
General Voting
Policy |
• |
any affiliate of the Adviser.
For purposes of these Proxy Voting Policies and Procedures, an affiliate
means: |
(i) |
any person directly, or
indirectly through one or more intermediaries, controlling, controlled by
or under common control with the Adviser; |
(ii) |
any officer, director,
principal, partner, employer, or direct or indirect beneficial owner of
any 10% or greater equity or voting interest of the Adviser;
or |
(iii) |
any other person for which a
person described in clause (ii) acts in any such
capacity; |
• |
any issuer of a security for
which the Adviser (or any affiliate of the Adviser) acts as a sponsor,
advisor, manager, custodian, distributor, underwriter, broker, or other
similar capacity; or |
• |
any person with whom the
Adviser (or any affiliate of the Adviser) has an existing, material
contract or business relationship that was not entered into in the
ordinary course of the Adviser’s (or its affiliate’s)
business. |
3. |
PROXY
VOTING PROCEDURES |
A. |
The Account Representative or
the Portfolio Manager the “Responsible Party”) shall be designated by the
Adviser to make discretionary investment decisions for the client's
account will be responsible for voting the proxies related to that
account. The Responsible Party should assume that he or she has the power
to vote all proxies related to the client’s account if any one of the
three circumstances set forth in Section 1 above regarding proxy voting
powers is applicable. |
B. |
All proxies and ballots
received by WHR will be forwarded to the Responsible Party and then logged
in upon receipt in the “Receipt of Proxy Voting Material” log.
|
C. |
Prior to voting, the
Responsible Party will verify whether his or her voting power is subject
to any limitations or guidelines issued by the client (or in the case of
an employee benefit plan, the plan's trustee or other
fiduciaries). |
D. |
Prior to voting, the
Responsible Party will verify whether an actual or potential conflict of
interest with the Adviser or any Interested Person exists in connection
with the subject proposal(s) to be voted upon. The determination regarding
the presence or absence of any actual or potential conflict of interest
shall be adequately documented by the Responsible Party (i.e., comparing
the apparent parties affected by the proxy proposal being voted upon
against the Adviser’s internal list of Interested Persons and, for any
matches found, describing the process taken to determine the anticipated
magnitude and possible probability of any conflict of interest being
present), which shall be reviewed and signed off on by the Responsible
Party’s direct supervisor (and if none, by the board of directors or a
committee of the board of directors of the Adviser).
|
E. |
If an actual or potential
conflict is found to exist, written notification of the conflict (the
“Conflict Notice”) shall be given to the client or the client’s designee
(or in the case of an employee benefit plan, the plan's trustee or other
fiduciary) in sufficient detail and with sufficient time to reasonably
inform the client (or in the case of an employee benefit plan, the plan's
trustee or other fiduciary) of the actual or potential conflict involved.
|
• |
the proposal to be voted upon;
|
• |
the actual or potential
conflict of interest involved; |
• |
the Adviser’s vote
recommendation (with a summary of material factors supporting the
recommended vote); and |
• |
if applicable, the
relationship between the Adviser and any Interested
Person. |
• |
engage a non-Interested Party
to independently review the Adviser’s vote recommendation if the vote
recommendation would fall in favor of the Adviser’s interest (or the
interest of an Interested Person) to confirm that the Adviser’s vote
recommendation is in the best interest of the client under the
circumstances; |
• |
cast its vote as recommended
if the vote recommendation would fall against the Adviser’s interest (or
the interest of an Interested Person) and such vote recommendation is in
the best interest of the client under the circumstances;
or |
• |
abstain from voting if such
action is determined by the Adviser to be in the best interest of the
client under the circumstances. |
F. |
The Responsible Party will
promptly vote proxies received in a manner consistent with the Proxy
Voting Policies and Procedures stated above and guidelines (if any) issued
by client (or in the case of an employee benefit plan, the plan's trustee
or other fiduciaries if such guidelines are consistent with ERISA).
|
G. |
In accordance with SEC Rule
204-2(c)(2), as amended, the Responsible Party shall retain in the
respective client’s file, the following: |
• |
A copy of the proxy statement
received (unless retained by a third party for the benefit of the Adviser
or the proxy statement is
available from the SEC’s Electronic Data Gathering, Analysis, and
Retrieval (EDGAR) system); |
• |
A record of the vote cast
(unless this record is retained by a third party for the benefit of the
Adviser and the third party is able to
promptly provide the Adviser with a copy of the voting record upon its
request); |
• |
A record memorializing the
basis for the vote cast; |
• |
A copy of any document created
by the Adviser or its employees that was material in making the decision
on how to vote the subject proxy; and, |
• |
A copy of any Conflict Notice,
conflict consent or any other written communication (including emails or
other electronic communications) to or from the client (or in the case of
an employee benefit plan, the plan's trustee or other fiduciaries)
regarding the subject proxy vote cast by, or the vote recommendation of,
the Adviser. |
H. |
Periodically, but no less than
annually, the Adviser will: |
1. |
Verify that all annual proxies
for the securities held in the client’s account have been received;
|
2. |
Verify that each proxy
received has been voted in a manner consistent with the Proxy Voting
Policies and Procedures and the guidelines (if any) issued by the client
(or in the case of an employee benefit plan, the plan's trustee or other
fiduciaries); |
3. |
Review the files to verify
that records of the voting of the proxies have been properly maintained;
|
4. |
Prepare a written report for
each client regarding compliance with the Proxy Voting Policies and
Procedures; and |
5. |
Maintain an internal list of
Interested Persons. |
A. |
PROXY
VOTING |
1. |
Policy. |
2. |
Firm
Specific Policy. |
3. |
Responsibility. |
4. |
Background. |
5. |
Procedure. |
a. |
Proxy
Voting Records. |
b. |
Voting
Procedures. |
i. |
All employees forward any
proxy materials received on behalf of clients to Broadridge. Westwood has
engaged Broadridge for assistance with the proxy voting process for our
clients, and Glass Lewis provides voting
recommendations; |
ii. |
Broadridge has access to
holders records and determines which client accounts hold the security to
which the proxy relates; |
iii. |
Absent material conflicts,
Broadridge, with the vote recommendations from Glass Lewis, determines how
Westwood should vote the proxy in accordance with applicable voting
guidelines; |
iv. |
Westwood’s analysts review the
Glass Lewis proxy voting recommendations on a bi-monthly basis. The
analysts may choose to vote differently than Glass Lewis if they believe
it is in the best interest of the client; |
v. |
If Westwood chooses to vote
differently than Glass Lewis, then Westwood overwrites the Glass Lewis
recommendation on the ProxyEdge platform. If Westwood agrees with the
Glass Lewis recommendations, no action is necessary;
and |
vi. |
Broadridge completes the proxy
and mails the proxy in a timely and appropriate
manner. |
c. |
Disclosure. |
i. |
Westwood provides required
disclosures in Form ADV Part 2A, which summarizes these proxy voting
policies and procedures and includes a statement that clients may request
information regarding how Westwood voted a client’s
proxies; |
ii. |
Westwood’s disclosure summary
includes a description of how clients may obtain a copy of the Firm's
proxy voting policies and procedures; |
iii. |
Westwood’s proxy voting
practice is disclosed in the Firm's advisory agreements;
and |
iv. |
The Senior Trade Operations
Analyst also sends a copy of this summary to all existing clients who have
previously received Westwood’s Disclosure Brochures, or the Senior Trade
Operations Analyst may send each client the amended Disclosure Brochures.
Either mailing shall highlight the inclusion of information regarding
proxy voting. |
d. |
Client
Requests for Information. |
i. |
All client requests for
information regarding proxy votes or regarding policies and procedures
that are received by any supervised person should be forwarded to the
Senior Trade Operations Analyst; and |
ii. |
In response to any request,
the Senior Trade Operations Analyst prepares a written response to the
client with the information requested, and, as applicable, includes the
name of the issuer, the proposal voted upon, and how Westwood voted the
client’s proxy with respect to each proposal about which the client
inquired. |
e. |
Voting
Guidelines. |
i. |
Westwood has engaged
Broadridge and Glass Lewis for assistance with the proxy voting process
for our clients. The Glass Lewis Proxy Voting Guidelines are attached as
Exhibit H (general) and Exhibit J (Taft Hartley);
and |
ii. |
Westwood analysts review the
Glass Lewis proxy voting recommendations using the following
guidelines: |
a. |
In the absence of specific
voting guidelines from the client, Westwood votes proxies in the best
interests of each particular client; |
b. |
Westwood’s policy is to vote
all proxies from a specific issuer the same way for each client absent
qualifying restrictions from a client; |
c. |
Clients are permitted to place
reasonable restrictions on Westwood’s voting authority in the same manner
that they may place such restrictions on the actual selection of account
securities; |
d. |
Westwood generally votes in
favor of routine corporate housekeeping proposals such as the election of
directors and selection of auditors absent conflicts of interest raised by
an auditor’s non-audit services; |
e. |
Westwood generally votes
against proposals that cause board members to become entrenched or cause
unequal voting rights; and |
f. |
In reviewing proposals,
Westwood further considers the opinion of management and the effect on
management, and the effect on shareholder value and the issuer's business
practices. |
f. |
Conflicts
of Interest. |
i. |
Westwood conducts periodic
reviews to identify any conflicts that exist between the interests of the
Firm and the client by reviewing the relationship of Westwood with the
issuer of each security to determine if Westwood or any of its supervised
persons has any financial, business or personal relationship with the
issuer; |
ii. |
If a material conflict of
interest exists, Westwood will determine whether it is appropriate to
disclose the conflict to the affected clients, to give the clients an
opportunity to vote the proxies themselves, or to address the voting issue
through other objective means such as voting in a manner consistent with a
predetermined voting policy or receiving an independent third party voting
recommendation; and |
iii. |
Westwood will maintain a
record of the voting resolution of any conflict of
interest. |
g. |
Recordkeeping. |
i. |
These policies and procedures
and any amendments; |
ii. |
Each proxy statement that
Westwood receives; |
iii. |
A record of each vote that
Westwood casts; |
iv. |
Any document Westwood created
that was material to making a decision how to vote proxies, or that
memorializes that decision including periodic reports to the Senior Trade
Operations Analyst or proxy committee, if applicable;
and |
v. |
A copy of each written request
from a client for information on how Westwood voted such client’s proxies,
and a copy of any written response. |