The Securities and Exchange
Commission has not approved or disapproved these securities or passed upon
the adequacy of this prospectus. Any representation to the contrary is a
criminal offense. |
Ticker
Symbols by Share Class | |||||||||||
Fund |
A |
C |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 |
R-6 |
Bond & Mortgage
Securities |
PRBDX |
PBMCX |
PBMJX |
PMSIX |
PBOMX |
PBMNX |
PBMMX |
PBMSX |
PBMPX |
||
California
Municipal |
SRCMX |
SRCCX |
Pending |
||||||||
Core Plus Bond
I |
PCBZX |
PCBRX |
PCBBX |
PCIRX |
PCBDX |
PCBEX |
|||||
Diversified
International |
PRWLX |
PDNCX |
PIIJX |
PDIPX |
PIIIX |
PDVIX |
PINNX |
PINRX |
PINLX |
PINPX |
|
Equity
Income |
PQIAX |
PEUCX |
PEQPX |
PEIIX |
PIEMX |
PEINX |
PEIOX |
PEIPX |
PEIQX |
||
Global Diversified
Income |
PGBAX |
PGDCX |
PGDPX |
PGDIX |
|||||||
Global Real Estate
Securities |
POSAX |
POSCX |
POSPX |
POSIX |
PGRSX | ||||||
Government & High
Quality Bond |
CMPGX |
CCUGX |
PMRJX |
PGSPX |
PMRIX |
PMGRX |
PFMRX |
PRCMX |
PMRDX |
PMREX |
|
High Yield |
CPHYX |
CCHIX |
PYHPX |
PHYTX |
|||||||
High Yield I |
PYHAX |
PYHIX |
|||||||||
Income |
CMPIX |
CNMCX |
PIOJX |
PIMPX |
PIOIX |
PIOMX |
PIONX |
PIOOX |
PIOPX |
PIOQX |
PICNX |
Inflation
Protection |
PITAX |
PPOCX |
PIPJX |
PIPIX |
PISPX |
PBSAX |
PIFPX |
PIFSX |
PBPPX |
||
International Emerging
Markets |
PRIAX |
PMKCX |
PIEJX |
PIEPX |
PIEIX |
PIXEX |
PEASX |
PEAPX |
PESSX |
PEPSX |
|
International
I |
PFAFX |
PTRPX |
PINIX |
PPISX |
PSPPX |
PRPPX |
PUPPX |
PTPPX |
|||
LargeCap Blend
II |
PLBJX |
PLBIX |
PLBSX |
PPZNX |
PPZMX |
PPZSX |
PPZPX |
||||
LargeCap
Growth |
PRGWX |
PLGCX |
PGLJX |
PGLPX |
PGLIX |
PLSGX |
PCPPX |
PLGPX |
PEPPX |
PDPPX |
|
LargeCap Growth
I |
PLGAX |
PLGJX |
PVCPX |
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 |
PVFPX |
PVLIX |
PLSVX |
PLVNX |
PLVMX |
PLVSX |
PLVPX |
|
LargeCap Value
III |
PLVJX |
PLVIX |
PESAX |
PPSNX |
PPSFX |
PPSSX |
PPSRX |
||||
MidCap |
PEMGX |
PMBCX |
PMBJX |
PMCPX |
PCBIX |
PMSBX |
PMBNX |
PMBMX |
PMBSX |
PMBPX |
|
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 |
||||
MidCap Value
I |
PVEJX |
PVMIX |
PLASX |
PABUX |
PMPRX |
PABWX |
PABVX |
||||
MidCap Value
III |
PVCAX |
PMCJX |
PMVPX |
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 |
PCFPX |
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 Hybrid
Income |
PHTFX |
PHTEX |
PHTDX |
||||||||
Principal LifeTime Hybrid
2015 |
PHTMX |
PHTCX |
PHTRX |
||||||||
Principal LifeTime Hybrid
2020 |
PHTTX |
PHWIX |
PHTIX |
||||||||
Principal LifeTime Hybrid
2025 |
PHTQX |
PHTPX |
PHTOX |
||||||||
Principal LifeTime Hybrid
2030 |
PHTNX |
PHTLX |
PHTKX |
||||||||
Principal LifeTime Hybrid
2035 |
PHTJX |
PHTHX |
PHTGX |
||||||||
Principal LifeTime Hybrid
2040 |
PLTQX |
PLTGX |
PHTZX |
||||||||
Principal LifeTime Hybrid
2045 |
PHTYX |
PHTWX |
PHTVX |
||||||||
Principal LifeTime Hybrid
2050 |
PHTUX |
PHTSX |
PLRJX |
||||||||
Principal LifeTime Hybrid
2055 |
PLTNX |
PLTLX |
PLTKX |
||||||||
Principal LifeTime Hybrid
2060 |
PLTHX |
PLTEX |
PLTDX |
||||||||
Real Estate
Securities |
PRRAX |
PRCEX |
PREJX |
PIRPX |
PIREX |
PRAEX |
PRENX |
PRERX |
PRETX |
PREPX |
|
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 |
PSTPX |
PSHIX |
PSIMX |
PSINX |
PSIOX |
PSIPX |
PSIQX |
|
SmallCap
Blend |
PLLAX |
PSMCX |
PSBJX |
PSFPX |
PSLIX |
PSABX |
PSBNX |
PSBMX |
PSBSX |
PSBPX |
|
SmallCap Growth
I |
PSIJX |
PGRTX |
PNASX |
PPNNX |
PPNMX |
PPNSX |
PPNPX |
PCSMX | |||
SmallCap S&P 600
Index |
PSSJX |
PSSIX |
PSAPX |
PSSNX |
PSSMX |
PSSSX |
PSSPX |
||||
SmallCap Value
II |
PSVAX |
PSMJX |
PSCPX |
PPVIX |
PCPTX |
PKARX |
PJARX |
PSTWX |
PLARX |
PSMVX | |
Tax-Exempt
Bond |
PTEAX |
PTBCX |
FUND SUMMARIES |
|
BOND & MORTGAGE SECURITIES
FUND |
|
CALIFORNIA
MUNICIPAL |
|
CORE PLUS BOND FUND
I |
|
DIVERSIFIED INTERNATIONAL
FUND |
|
EQUITY INCOME
FUND |
|
GLOBAL DIVERSIFIED INCOME
FUND |
|
GLOBAL REAL ESTATE SECURITIES
FUND |
|
GOVERNMENT & HIGH QUALITY
BOND FUND |
|
HIGH YIELD
FUND |
|
HIGH YIELD FUND
I |
|
INCOME FUND |
|
INFLATION PROTECTION
FUND |
|
INTERNATIONAL EMERGING MARKETS
FUND |
|
INTERNATIONAL FUND
I |
|
LARGECAP BLEND FUND
II |
|
LARGECAP GROWTH
FUND |
|
LARGECAP GROWTH
FUND I |
|
LARGECAP GROWTH
FUND II |
|
LARGECAP S&P 500 INDEX
FUND |
|
LARGECAP VALUE
FUND |
|
LARGECAP VALUE FUND
III |
|
MIDCAP FUND |
|
MIDCAP GROWTH
FUND |
|
MIDCAP GROWTH FUND
III |
|
MIDCAP S&P 400 INDEX
FUND |
|
MIDCAP VALUE
FUND I |
|
MIDCAP VALUE FUND
III |
|
MONEY MARKET
FUND |
|
OVERSEAS FUND |
|
PRINCIPAL CAPITAL APPRECIATION
FUND |
|
PRINCIPAL LIFETIME STRATEGIC
INCOME FUND |
|
PRINCIPAL LIFETIME 2010
FUND |
|
PRINCIPAL LIFETIME 2015
FUND |
|
PRINCIPAL LIFETIME 2020
FUND |
|
PRINCIPAL LIFETIME 2025
FUND |
|
PRINCIPAL LIFETIME 2030
FUND |
|
PRINCIPAL LIFETIME 2035
FUND |
|
PRINCIPAL LIFETIME 2040
FUND |
|
PRINCIPAL LIFETIME 2045
FUND |
|
PRINCIPAL LIFETIME 2050
FUND |
|
PRINCIPAL LIFETIME 2055
FUND |
PRINCIPAL LIFETIME 2060
FUND |
|
PRINCIPAL LIFETIME HYBRID
INCOME |
|
PRINCIPAL LIFETIME HYBRID
2015 |
|
PRINCIPAL LIFETIME HYBRID
2020 |
|
PRINCIPAL LIFETIME HYBRID
2025 |
|
PRINCIPAL LIFETIME HYBRID
2030 |
|
PRINCIPAL LIFETIME HYBRID
2035 |
|
PRINCIPAL LIFETIME HYBRID
2040 |
|
PRINCIPAL LIFETIME HYBRID
2045 |
|
PRINCIPAL LIFETIME HYBRID
2050 |
|
PRINCIPAL LIFETIME HYBRID
2055 |
|
PRINCIPAL LIFETIME HYBRID
2060 |
|
REAL ESTATE SECURITIES
FUND |
|
SAM (STRATEGIC ASSET
MANAGEMENT) BALANCED PORTFOLIO |
|
SAM (STRATEGIC ASSET
MANAGEMENT) CONSERVATIVE BALANCED PORTFOLIO |
|
SAM (STRATEGIC ASSET
MANAGEMENT) CONSERVATIVE GROWTH PORTFOLIO |
|
SAM (STRATEGIC ASSET
MANAGEMENT) FLEXIBLE INCOME PORTFOLIO |
|
SAM (STRATEGIC ASSET
MANAGEMENT) STRATEGIC GROWTH PORTFOLIO |
|
SHORT-TERM INCOME
FUND |
|
SMALLCAP BLEND
FUND |
|
SMALLCAP GROWTH FUND
I |
|
SMALLCAP S&P 600 INDEX
FUND |
|
SMALLCAP VALUE
FUND II |
|
TAX-EXEMPT BOND
FUND |
|
ADDITIONAL INFORMATION ABOUT
INVESTMENT STRATEGIES AND RISKS |
|
PORTFOLIO HOLDINGS
INFORMATION |
|
MANAGEMENT OF THE
FUNDS |
|
PRICING OF
FUND SHARES |
|
CONTACT PRINCIPAL FUNDS,
INC. |
|
PURCHASE OF
FUND SHARES |
|
REDEMPTION OF FUND
SHARES |
|
EXCHANGE OF FUND
SHARES |
|
DIVIDENDS AND
DISTRIBUTIONS |
|
FREQUENT PURCHASES AND
REDEMPTIONS |
|
TAX
CONSIDERATIONS |
|
CHOOSING A SHARE CLASS AND THE
COSTS OF INVESTING |
|
DISTRIBUTION PLANS AND
INTERMEDIARY COMPENSATION |
|
FUND ACCOUNT
INFORMATION |
|
FINANCIAL
HIGHLIGHTS |
|
APPENDIX A - DESCRIPTION
OF BOND RATINGS |
|
APPENDIX B- RELATED
PERFORMANCE OF ORIGIN ASSET MANAGEMENT LLP |
|
ADDITIONAL
INFORMATION |
Objective:
|
The Fund seeks to provide
current income. |
Share
Class | |||||||||
A |
C |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
3.75% |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
Share Class
| |||||||||
A |
C |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.52% |
0.52% |
0.52% |
0.52% |
0.52% |
0.52% |
0.52% |
0.52% |
0.52% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
1.00% |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.25% |
0.51% |
0.17% |
—% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Total Annual
Fund Operating Expenses |
1.02% |
2.03% |
0.94% |
0.52% |
1.40% |
1.27% |
1.09% |
0.90% |
0.78% |
Fee Waiver and Expense
Reimbursement (2)(3) |
(0.14)% |
(0.28)% |
(0.01)% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
0.88% |
1.75% |
0.93% |
0.52% |
1.40% |
1.27% |
1.09% |
0.90% |
0.78% |
(1) Expense
information in the table has been restated to reflect current fees.
Effective December 30, 2013, the Distribution and/or Service (12b-1) Fees
for Class J shares were reduced. | |||||||||
(2) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. | |||||||||
(3)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund’s
expenses by paying, if necessary, expenses normally payable by the Fund,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses) to
maintain a total level of operating expenses (expressed as a percent of
average net assets on an annualized basis) not to exceed 0.88% for Class A
and 1.75% for Class C shares. It is expected that the expense limit will
continue through the period ending February 28, 2015; however, Principal
Funds, Inc. and Principal, the parties to the agreement, may agree to
terminate the expense limit prior to the end of the period.
|
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$461 |
$672 |
$902 |
$1,562 | ||||
Class
C |
278 |
|
605 |
|
1,063 |
|
2,332 |
|
Class
J |
195 |
|
298 |
|
519 |
|
1,154 |
|
Institutional
Class |
53 |
|
167 |
|
291 |
|
653 |
|
Class
R-1 |
143 |
|
443 |
|
766 |
|
1,680 |
|
Class
R-2 |
129 |
|
403 |
|
697 |
|
1,534 |
|
Class
R-3 |
111 |
|
347 |
|
601 |
|
1,329 |
|
Class
R-4 |
92 |
|
287 |
|
498 |
|
1,108 |
|
Class
R-5 |
80 |
|
249 |
|
433 |
|
966 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
178 |
|
605 |
|
1,063 |
|
2,332 |
|
Class
J |
95 |
|
298 |
|
519 |
|
1,154 |
|
54.50% in securities rated
Aaa |
19.52% in securities rated
Baa |
1.46% in securities rated
Caa |
0.00% in securities rated
D |
2.76% in securities rated
Aa |
5.08% in securities rated
Ba |
0.00% in securities rated
Ca |
1.02% in securities not
rated |
10.58% in securities rated
A |
5.06% in securities rated
B |
0.02% in securities rated
C |
• |
For Classes A, C, and J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q3
'09 |
9.08 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(6.25 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
(5.11)% |
7.40% |
3.33% |
Class A
Return After Taxes on Distributions |
(5.99)% |
6.18% |
1.98% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
(2.89)% |
5.32% |
2.05% |
Class C
Return Before Taxes |
(3.20)% |
7.36% |
2.91% |
Class J
Return Before Taxes |
(2.48)% |
8.12% |
3.56% |
Institutional
Class Return Before Taxes |
(1.03)% |
8.66% |
4.16% |
Class R-1
Return Before Taxes |
(1.90)% |
7.71% |
3.24% |
Class R-2
Return Before Taxes |
(1.78)% |
7.85% |
3.38% |
Class R-3
Return Before Taxes |
(1.69)% |
8.04% |
3.56% |
Class R-4
Return Before Taxes |
(1.48)% |
8.26% |
3.76% |
Class R-5
Return Before Taxes |
(1.38)% |
8.37% |
3.89% |
Barclays U.S. Aggregate Bond
Index (reflects no deduction for fees, expenses, or taxes) |
(2.02)% |
4.44% |
4.55% |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A, C, and
J |
Initial
Investment |
$1,000(1) |
A, C, and
J |
Initial Investment for accounts
with an Automatic Investment Plan (AIP) |
$100 |
A, C, and
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible
purchasers. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective:
|
The Fund seeks to provide as
high a level of current income that is exempt from federal and state
personal income tax as is consistent with prudent investment management
and preservation of capital. |
Share
Class | |||
A |
C |
Institutional | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
3.75% |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
None |
Share
Class | |||
A |
C |
Institutional | |
Management Fees |
0.45% |
0.45% |
0.45% |
Distribution and/or Service
(12b-1) Fees |
0.25% |
1.00% |
N/A |
Other Expenses |
|
|
|
Interest
Expense |
0.04% |
0.04% |
0.04% |
Remainder of Other
Expenses(1) |
0.07% |
0.35% |
0.11% |
Total Annual
Fund Operating Expenses |
0.81% |
1.84% |
0.60% |
Expense
Reimbursement(2) |
N/A |
N/A |
—% |
Total Annual
Fund Operating Expenses after Expense Reimbursement |
0.81% |
1.84% |
0.60% |
(1) Based on estimated amounts
for the current fiscal year. (Institutional Class) | |||
(2) Principal
Management Corporation ("Principal"), the investment advisor, has
contractually agreed to limit the Fund’s expenses by paying, if necessary,
expenses normally payable by the Fund, (excluding interest expense,
expenses related to fund investments, acquired fund fees and expenses, and
other extraordinary expenses) to maintain a total level of operating
expenses (expressed as a percent of average net assets on an annualized
basis) not to exceed 0.60% for Institutional Class shares. It is expected
that the expense limit will continue through the period ending February
29, 2016; however, Principal Funds, Inc. and Principal, the parties to the
agreement, may agree to terminate the expense limit prior to the end of
the period. |
1
year |
3
years |
5
years |
10
years | ||||||
Class
A |
|
$455 |
|
$624 |
$808 |
$1,339 | |||
Class
C |
287 |
|
579 |
|
995 |
|
2,159 |
| |
Institutional
Class |
57 |
|
179 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
187 |
|
579 |
|
995 |
|
2,159 |
|
• |
For Classes A and C shares -
www.principalfunds.com. |
• |
For Institutional Class shares
- www.principal.com. |
Highest
return for a quarter during the period of the bar chart
above: |
Q3
'09 |
11.85 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(10.08 |
)% |
Average
Annual Total Returns | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
(7.30)% |
7.12% |
2.75% |
Class A
Return After Taxes on Distributions |
(7.30)% |
7.12% |
2.71% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
(2.32)% |
6.70% |
3.11% |
Class C
Return Before Taxes |
(5.50)% |
6.91% |
2.26% |
Institutional
Class Return Before Taxes |
(3.36)% |
7.93% |
3.14% |
Barclays California Municipal
Index (reflects no deduction for fees, expenses, or taxes) |
(1.76)% |
6.63% |
4.61% |
• |
James Noble (since 2013),
Portfolio Manager |
• |
James Welch (since 2014),
Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A and
C |
Initial
Investment |
$1,000(1) |
A and
C |
Initial Investment for accounts
with an Automatic Investment Plan (AIP) |
$100 |
A and
C |
Subsequent
Investments |
$100(1)(2) |
Institutional |
There are no minimum initial or
subsequent investment requirements for eligible
purchasers. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks maximum total
return, consistent with preservation of capital and prudent investment
management. |
Share
Class | ||||||
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.55% |
0.55% |
0.55% |
0.55% |
0.55% |
0.55% |
Distribution and/or Service
(12b-1) Fees |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Total Annual
Fund Operating Expenses |
0.56% |
1.43% |
1.30% |
1.12% |
0.93% |
0.81% |
1
year |
3
years |
5
years |
10
years | |||||
Institutional
Class |
$57 |
$179 |
$313 |
$701 | ||||
Class
R-1 |
146 |
|
452 |
|
782 |
|
1,713 |
|
Class
R-2 |
132 |
|
412 |
|
713 |
|
1,568 |
|
Class
R-3 |
114 |
|
356 |
|
617 |
|
1,363 |
|
Class
R-4 |
95 |
|
296 |
|
515 |
|
1,143 |
|
Class
R-5 |
83 |
|
259 |
|
450 |
|
1,002 |
|
Highest
return for a quarter during the period of the bar chart
above: |
Q3
'09 |
4.06 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q2
'13 |
(3.34 |
)% |
Average
Annual Total Returns | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Year |
Life of
Fund |
Institutional
Class Return Before Taxes |
(1.78)% |
4.85% |
5.77% |
Institutional
Class Return After Taxes on Distributions |
(2.81)% |
3.35% |
4.30% |
Institutional
Class Return After Taxes on Distribution and Sale of Fund
Shares |
(1.01)% |
3.24% |
3.99% |
Class R-1
Return Before Taxes |
(2.69)% |
3.93% |
4.86% |
Class R-2
Return Before Taxes |
(2.48)% |
4.09% |
5.02% |
Class R-3
Return Before Taxes |
(2.28)% |
4.26% |
5.19% |
Class R-4
Return Before Taxes |
(2.15)% |
4.50% |
5.42% |
Class R-5
Return Before Taxes |
(2.02)% |
4.58% |
5.51% |
Barclays U.S. Aggregate Bond
Index (reflects no deduction for fees, expenses, or taxes) |
(2.02)% |
4.44% |
5.12% |
• |
Mark R. Kiesel (since 2014),
CIO Global Credit and Managing Director |
• |
Scott A. Mather (since 2014),
CIO U.S. Core Strategies and Managing Director
|
• |
Mihir P. Worah (since 2014),
CIO Return and Asset Allocation and Managing Director
|
Objective: |
The Fund seeks long-term
growth of capital. |
Share
Class | ||||||||||
A |
C |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
None |
Share
Class | ||||||||||
A |
C |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.84% |
0.84% |
0.84% |
0.84% |
0.84% |
0.84% |
0.84% |
0.84% |
0.84% |
0.84% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
1.00% |
0.25% |
N/A |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.31% |
0.51% |
0.21% |
1.45% |
0.03% |
0.55% |
0.47% |
0.34% |
0.30% |
0.28% |
Total Annual
Fund Operating Expenses |
1.40% |
2.35% |
1.30% |
2.29% |
0.87% |
1.74% |
1.61% |
1.43% |
1.24% |
1.12% |
Fee Waiver and Expense
Reimbursement(2) (3) |
N/A |
(0.27)% |
(0.01)% |
(1.25)% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
1.40% |
2.08% |
1.29% |
1.04% |
0.87% |
1.74% |
1.61% |
1.43% |
1.24% |
1.12% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | ||||||||||
(2)
Principal Funds Distributor, Inc. ("the
Distributor") has contractually agreed to limit the Distribution Fees
attributable to Class J. The limit will maintain the level of Distribution
Fees not to exceed 0.24%. It is expected that the fee waiver will continue
through the period ending February 28, 2015; however, Principal Funds,
Inc. and the Distributor, the parties to the agreement, may agree to
terminate the fee waiver prior to the end of the
period. | ||||||||||
(3)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund’s
expenses by paying, if necessary, expenses normally payable by the Fund,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses) to
maintain a total level of operating expenses (expressed as a percent of
average net assets on an annualized basis) not to exceed 2.08% for Class C
shares. In addition, for Class P, the expense limit will maintain "Other
Expenses" (expressed as a percent of average net assets on an annualized
basis) not to exceed 0.20%, (excluding interest expense, expenses related
to fund investments, acquired fund fees and expenses, and other
extraordinary expenses). It is expected that the expense limit will
continue through the period ending February 28, 2015; however, Principal
Funds, Inc. and Principal, the parties to the agreement, may agree to
terminate the expense limit prior to the end of the period.
|
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$685 |
$969 |
$1,274 |
$2,137 | ||||
Class
C |
311 |
|
703 |
|
1,227 |
|
2,662 |
|
Class
J |
231 |
|
411 |
|
712 |
|
1,567 |
|
Class
P |
106 |
|
575 |
|
1,092 |
|
2,512 |
|
Institutional
Class |
89 |
|
278 |
|
482 |
|
1,073 |
|
Class
R-1 |
177 |
|
548 |
|
944 |
|
2,052 |
|
Class
R-2 |
164 |
|
508 |
|
876 |
|
1,911 |
|
Class
R-3 |
146 |
|
452 |
|
782 |
|
1,713 |
|
Class
R-4 |
126 |
|
393 |
|
681 |
|
1,500 |
|
Class
R-5 |
114 |
|
356 |
|
617 |
|
1,363 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
211 |
|
703 |
|
1,227 |
|
2,662 |
|
Class
J |
131 |
|
411 |
|
712 |
|
1,567 |
|
• |
For Classes A, C, J, and P -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
21.03 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q3
'08 |
(24.17 |
)% |
Average
Annual Total Returns(1) |
|||||||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years | ||||
Class A
Return Before Taxes |
11.54% |
10.58 |
% |
6.65 |
% |
||
Class A
Return After Taxes on Distributions |
11.30% |
10.57 |
% |
6.12 |
% |
||
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
6.99% |
8.68 |
% |
5.72 |
% |
||
Class C
Return Before Taxes |
16.22% |
11.16 |
% |
6.59 |
% |
||
Class J
Return Before Taxes |
17.27% |
11.91 |
% |
7.21 |
% |
||
Class P
Return Before Taxes |
18.51% |
12.13 |
% |
7.38 |
% |
||
Institutional
Class Return Before Taxes |
18.73% |
12.48 |
% |
7.85 |
% |
||
Class R-1
Return Before Taxes |
17.68% |
11.51 |
% |
6.92 |
% |
||
Class R-2
Return Before Taxes |
17.78% |
11.65 |
% |
7.07 |
% |
||
Class R-3
Return Before Taxes |
18.07% |
11.84 |
% |
7.25 |
% |
||
Class R-4
Return Before Taxes |
18.26% |
12.07 |
% |
7.43 |
% |
||
Class R-5
Return Before Taxes |
18.45% |
12.41 |
% |
(2) |
7.67 |
% |
(2) |
MSCI ACWI Ex-U.S. Index
(reflects no deduction for fees, expenses, or taxes) |
15.29% |
12.81 |
% |
7.57 |
% |
(1)
|
The Fund is showing after-tax
returns for Class A shares after combining separate prospectuses.
|
(2
) |
During 2010, the Class
experienced a significant one-time gain of approximately $0.08/share as
the result of a settlement in an SEC administrative proceeding. If such
gain had not been recognized, the total return amounts expressed herein
would have been lower. |
• |
Paul H. Blankenhagen (since
2003), Portfolio Manager |
• |
Juliet Cohn (since 2004),
Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A, C, and
J |
Initial
Investment |
$1,000(1) |
A, C, and
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A, C, and
J |
Subsequent
Investments |
$100(1)(2) |
P,
Institutional, R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks to provide a
relatively high level of current income and long-term growth of income and
capital. |
Share
Class | |||||||||
A |
C |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
None |
Share
Class | |||||||||
A |
C |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.51% |
0.51% |
0.51% |
0.51% |
0.51% |
0.51% |
0.51% |
0.51% |
0.51% |
Distribution and/or Service
(12b-1) Fees |
0.25% |
1.00% |
N/A |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.17% |
0.15% |
0.12% |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Total Annual
Fund Operating Expenses |
0.93% |
1.66% |
0.63% |
0.52% |
1.39% |
1.26% |
1.08% |
0.89% |
0.77% |
Expense
Reimbursement(1) |
N/A |
N/A |
0 |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Expense Reimbursement |
0.93% |
1.66% |
0.63% |
0.52% |
1.39% |
1.26% |
1.08% |
0.89% |
0.77% |
(1) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain "Other Expenses" (expressed as a
percent of average net assets on an annualized basis) not to exceed 0.20%
for Class P shares. It is expected that the expense limit will continue
through the period ending February 28, 2015; however, Principal Funds,
Inc. and Principal, the parties to the agreement, may agree to terminate
the expense limit prior to the end of the
period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$640 |
$830 |
$1,036 |
$1,630 | ||||
Class
C |
269 |
|
523 |
|
902 |
|
1,965 |
|
Class
P |
64 |
|
202 |
|
351 |
|
786 |
|
Institutional
Class |
53 |
|
167 |
|
291 |
|
653 |
|
Class
R-1 |
142 |
|
440 |
|
761 |
|
1,669 |
|
Class
R-2 |
128 |
|
400 |
|
692 |
|
1,523 |
|
Class
R-3 |
110 |
|
343 |
|
595 |
|
1,317 |
|
Class
R-4 |
91 |
|
284 |
|
493 |
|
1,096 |
|
Class
R-5 |
79 |
|
246 |
|
428 |
|
954 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
169 |
|
523 |
|
902 |
|
1,965 |
|
• |
For Classes A, C, and P -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q3
'09 |
13.97 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(19.82 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
19.69% |
14.46% |
7.54% |
Class A
Return After Taxes on Distributions |
19.08% |
13.98% |
6.84% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
11.58% |
11.68% |
6.16% |
Class C
Return Before Taxes |
24.81% |
14.91% |
7.34% |
Class P
Return Before Taxes |
27.06% |
15.97% |
8.25% |
Institutional
Class Return Before Taxes |
27.21% |
16.27% |
8.58% |
Class R-1
Return Before Taxes |
26.08% |
15.28% |
7.66% |
Class R-2
Return Before Taxes |
26.27% |
15.43% |
7.80% |
Class R-3
Return Before Taxes |
26.53% |
15.62% |
7.99% |
Class R-4
Return Before Taxes |
26.76% |
15.82% |
8.17% |
Class R-5
Return Before Taxes |
26.87% |
15.93% |
8.23% |
Russell 1000 Value Index
(reflects no deduction for fees, expenses, or taxes) |
32.53% |
16.67% |
7.58% |
• |
Daniel R. Coleman (since
2010), Head of Equities, Portfolio
Manager |
• |
David W. Simpson (since 2008),
Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum
Per
Fund |
A and
C |
Initial
Investment |
$1,000(1) |
A and
C |
Initial Investment for accounts
with an Automatic Investment Plan (AIP) |
$100 |
A and
C |
Subsequent
Investments |
$100(1)(2) |
P,
Institutional, R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible
purchasers. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective:
|
The Fund seeks income.
|
Share
Class | ||||
A |
C |
P |
Inst. | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
3.75% |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
None |
None |
Share
Class | ||||
A |
C |
P |
Inst. | |
Management Fees |
0.72% |
0.72% |
0.72% |
0.72% |
Distribution and/or Service
(12b-1) Fees |
0.25% |
1.00% |
N/A |
N/A |
Other Expenses: |
||||
Dividend
and Interest Expense on Short Sales |
0.05% |
0.05% |
0.05% |
0.05% |
Remainder
of Other Expenses |
0.13% |
0.14% |
0.12% |
0.06% |
Total Annual
Fund Operating Expenses |
1.15% |
1.91% |
0.89% |
0.83% |
Expense
Reimbursement(1) |
N/A |
N/A |
—% |
N/A |
Total Annual
Fund Operating Expenses after Expense Reimbursement |
1.15% |
1.91% |
0.89% |
0.83% |
(1)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund’s
expenses by paying, if necessary, expenses normally payable by the Fund,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses) to
maintain "Other Expenses" (expressed as a percent of average net assets on
an annualized basis) not to exceed 0.20% for Class P shares. It is
expected that the expense limit will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and Principal, the
parties to the agreement, may agree to terminate the expense limit prior
to the end of the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$488 |
$727 |
$984 |
$1,720 | ||||
Class
C |
294 |
|
600 |
|
1,032 |
|
2,233 |
|
Class
P |
91 |
|
284 |
|
493 |
|
1,096 |
|
Institutional
Class |
85 |
|
265 |
|
460 |
|
1,025 |
|
1
year |
3
years |
5
years |
10
years | |
Class
C |
$194 |
$600 |
$1,032 |
$2,233 |
1.54% in securities rated
Aaa |
25.62% in securities rated
Baa |
10.41% in securities rated
Caa |
0.00% in securities rated
D |
1.60% in securities rated
Aa |
15.75% in securities rated
Ba |
0.12% in securities rated
Ca |
5.26% in securities not
rated |
5.22% in securities rated
A |
34.48% in securities rated
B |
0.00% in securities rated
C |
• |
For Classes A, C, and P -
www.principalfunds.com. |
• |
For Institutional Class -
www.principal.com. |
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
20.93 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q3
'11 |
(8.15 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Year |
Life of
Fund |
Class A
Return Before Taxes |
1.85% |
14.59% |
14.77% |
Class A
Return After Taxes on Distributions |
0.07% |
11.70% |
11.88% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
1.21% |
10.51% |
10.66% |
Class C
Return Before Taxes |
3.97% |
14.61% |
14.76% |
Class P
Return Before Taxes |
6.10% |
15.59% |
15.76% |
Institutional
Class Return Before Taxes |
6.14% |
15.75% |
15.93% |
Barclays U.S. Corporate High
Yield 2% Issuer Capped Index (reflects no deduction for fees, expenses, or
taxes) |
7.44% |
18.96% |
21.10% |
Barclays Global Credit Index
(reflects no deduction for fees, expenses, or taxes) |
1.08% |
8.84% |
9.34% |
Barclays Global High Yield
Index (reflects no deduction for fees, expenses, or taxes) |
7.33% |
19.36% |
21.15% |
MSCI ACWI Value Index (reflects
no deduction for fees, expenses, or taxes) |
22.43% |
13.73% |
14.25% |
Global Diversified Income
Blended Index (reflects no deduction for fees, expenses, or
taxes) |
9.07% |
13.62% |
14.50% |
• |
Jake S. Anonson (since 2014),
Portfolio Manager |
• |
Jessica S. Bush (since 2014),
Portfolio Manager |
• |
Marcus W. Dummer (since 2014),
Portfolio Manager |
• |
James W. Fennessey (since
2014), Portfolio Manager |
• |
Kelly A. Grossman (since
2010), Portfolio Manager |
• |
Benjamin E. Rotenberg (since
2014), Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A and
C |
Initial
Investment |
$1,000(1) |
A and
C |
Initial Investment for accounts
with an Automatic Investment Plan (AIP) |
$100 |
A and
C |
Subsequent
Investments |
$100(1)(2) |
P and
Institutional |
There are no minimum initial or
subsequent investment requirements for eligible
purchasers. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks to generate a
total return. |
Share
Class | |||||
A |
C |
P |
Inst. |
R-6 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
None |
None |
None |
Share
Class | |||||
|
A |
C |
P |
Inst. |
R-6 |
Management Fees |
0.88% |
0.88% |
0.88% |
0.88% |
0.88% |
Distribution and/or Service
(12b-1) Fees |
0.25% |
1.00% |
N/A |
N/A |
N/A |
Other Expenses
(1) |
0.24% |
0.39% |
0.24% |
0.04% |
0.08% |
Total Annual
Fund Operating Expenses |
1.37% |
2.27% |
1.12% |
0.92% |
0.96% |
Expense
Reimbursement(2)(3) |
—% |
(0.07)% |
(0.04)% |
—% |
(0.02)% |
Total Annual
Fund Operating Expenses after Expense Reimbursement |
1.37% |
2.20% |
1.08% |
0.92% |
0.94% |
(1) Based on estimated expenses
for the current fiscal year. (Class R-6) |
|||||
(2) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 1.45% for Class A, 2.20% for Class C shares, and 1.00% for
Institutional class shares. It is expected that the expense limit will
continue through the period ending February 28, 2015; however, Principal
Funds, Inc. and Principal, the parties to the agreement, may agree to
terminate the expense limit prior to the end of the period. In addition,
for Class P, the expense limit will maintain "Other Expenses" (expressed
as a percent of average net assets on an annualized basis) not to exceed
0.20%, (excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses). It is
expected that the expense limit will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and Principal, the
parties to the agreement, may agree to terminate the expense limit prior
to the end of the period. | |||||
(3) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 0.94% for Class R-6 shares. It is expected that the expense
limit will continue through the period ending February 29, 2016; however,
Principal Funds, Inc. and Principal, the parties to the agreement, may
agree to terminate the expense limit prior to the end of the period.
|
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$682 |
$960 |
$1,259 |
$2,106 | ||||
Class
C |
323 |
|
701 |
|
1,208 |
|
2,599 |
|
Class
P |
110 |
|
351 |
|
612 |
|
1,359 |
|
Institutional
Class |
94 |
|
293 |
|
509 |
|
1,131 |
|
Class
R-6 |
96 |
|
304 |
|
|
|
|
|
1
year |
3
years |
5
years |
10
years | |||
Class
C |
|
$223 |
|
$701 |
$1,208 |
$2,599 |
• |
For Classes A, C, and P -
www.principalfunds.com. |
• |
For Institutional Class and
Class R-6 - www.principal.com. |
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
30.77 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(29.65 |
)% |
Average
Annual Total Returns(1) | |||||||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
Since
Inception | ||||
Class A
Return Before Taxes |
(0.41)% |
14.95 |
% |
(0.53 |
)% |
(2) | |
Class A
Return After Taxes on Distributions |
(2.58)% |
13.08 |
% |
(2.00 |
)% |
(2) | |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
0.13% |
11.26 |
% |
(0.95 |
)% |
||
Class C
Return Before Taxes |
3.42% |
15.35 |
% |
(0.52 |
)% |
||
Class P
Return Before Taxes |
5.61% |
17.66 |
% |
1.26 |
% |
||
Institutional
Class Return Before Taxes |
5.85% |
17.86 |
% |
(3) |
1.44 |
% |
(3) |
Class R-6
Return Before Taxes |
5.81% |
17.85 |
% |
(3) |
1.42 |
% |
(3) |
FTSE EPRA/NAREIT Developed
Index NR (reflects no deduction for fees, expenses or
taxes) |
3.67% |
15.24 |
% |
-1.02 |
% |
||
FTSE EPRA/NAREIT Developed
Index (reflects no deduction for fees, expenses, or taxes) |
4.39% |
16.06 |
% |
-0.30 |
% |
||
(1)
The Fund is
showing after-tax returns for Class A shares after combining separate
prospectuses. | |||||||
(2) During 2007, the Fund
processed a significant (relative to Class A) "As Of" transaction that
resulted in a gain to the remaining shareholders of Class A. “As-of”
transaction processing occurs when a fund transaction is processed after
its receipt date but “as of” the date required by SEC rule. In accordance
with the Fund's shareholder processing policies, this benefit inures all
shareholders of Class A. Had such a gain not been recognized, the total
return amounts expressed herein would have been
smaller. | |||||||
(3) During 2010, the
Institutional Class experienced a significant withdrawal of monies by an
affiliate. As the remaining shareholders held relatively small positions,
the total return amounts expressed herein are greater than those that
would have been experienced without the
withdrawal. |
• |
Simon Hedger (since 2007),
Portfolio Manager |
• |
Anthony Kenkel (since 2010),
Portfolio Manager |
• |
Kelly D. Rush (since 2007),
Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A and
C |
Initial
Investment |
$1,000(1) |
A and
C |
Initial Investment for accounts
with an Automatic Investment Plan (AIP) |
$100 |
A and
C |
Subsequent
Investments |
$100(1)(2) |
P,
Institutional and R-6 |
There are no minimum initial or
subsequent investment requirements for eligible
purchasers. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks to provide a
high level of current income consistent with safety and
liquidity. |
Share
Class | ||||||||||
A |
C |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5
| |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
2.25% |
None |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
None |
Share
Class | ||||||||||
A |
C |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5
| |
Management Fees |
0.50% |
0.50% |
0.50% |
0.50% |
0.50% |
0.50% |
0.50% |
0.50% |
0.50% |
0.50% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
1.00% |
0.25% |
N/A |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.14% |
0.13% |
0.19% |
0.20% |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Total Annual
Fund Operating Expenses |
0.89% |
1.63% |
0.94% |
0.70% |
0.51% |
1.38% |
1.25% |
1.07% |
0.88% |
0.76% |
Fee Waiver and Expense
Reimbursement(2) (3) |
—% |
—% |
(0.01)% |
—% |
N/A |
(0.09)% |
(0.09)% |
(0.09)% |
(0.09)% |
(0.09)% |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
0.89% |
1.63% |
0.93% |
0.70% |
0.51% |
1.29% |
1.16% |
0.98% |
0.79% |
0.67% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | ||||||||||
(2)
Principal Funds Distributor, Inc. ("the
Distributor") has contractually agreed to limit the Distribution Fees
attributable to Class J. The limit will maintain the level of Distribution
Fees not to exceed 0.24%. It is expected that the fee waiver will continue
through the period ending February 28, 2015; however, Principal Funds,
Inc. and the Distributor, the parties to the agreement, may agree to
terminate the fee waiver prior to the end of the
period. | ||||||||||
(3) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 0.88% for Class A, 1.63% for Class C, and 1.00% for Class J,
1.29% for Class R-1, 1.16% for Class R-2, 0.98% for Class R-3, 0.79% for
Class R-4, and 0.67% for Class R-5 shares. In addition, for Class P, the
expense limit will maintain "Other Expenses" (expressed as a percent of
average net assets on an annualized basis) not to exceed 0.20%, (excluding
interest expense, expenses related to fund investments, acquired fund fees
and expenses, and other extraordinary expenses). It is expected that the
expense limit will continue through the period ending February 28, 2015;
however, Principal Funds, Inc. and Principal, the parties to the
agreement, may agree to terminate the expense limit prior to the end of
the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$314 |
$502 |
$707 |
$1,296 | ||||
Class
C |
266 |
|
514 |
|
887 |
|
1,933 |
|
Class
J |
195 |
|
298 |
|
519 |
|
1,154 |
|
Class
P |
72 |
|
224 |
|
390 |
|
871 |
|
Institutional
Class |
52 |
|
164 |
|
285 |
|
640 |
|
Class
R-1 |
131 |
|
427 |
|
745 |
|
1,648 |
|
Class
R-2 |
118 |
|
386 |
|
676 |
|
1,502 |
|
Class
R-3 |
100 |
|
330 |
|
580 |
|
1,296 |
|
Class
R-4 |
81 |
|
270 |
|
477 |
|
1,075 |
|
Class
R-5 |
68 |
|
232 |
|
412 |
|
932 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
166 |
|
514 |
|
887 |
|
1,933 |
|
Class
J |
95 |
|
298 |
|
519 |
|
1,154 |
|
• |
For Classes A, C, J, and P -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q3
'06 |
3.41 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q2
'13 |
(2.13 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
(3.89)% |
3.81% |
3.84% |
Class A
Return After Taxes on Distributions |
(5.09)% |
2.45% |
2.35% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
(2.20)% |
2.44% |
2.41% |
Class C
Return Before Taxes |
(3.55)% |
3.45% |
3.29% |
Class J
Return Before Taxes |
(2.86)% |
4.11% |
3.95% |
Class P
Return Before Taxes |
(1.59)% |
4.38% |
4.12% |
Institutional
Class Return Before Taxes |
(1.49)% |
4.61% |
4.43% |
Class R-1
Return Before Taxes |
(2.17)% |
3.80% |
3.64% |
Class R-2
Return Before Taxes |
(2.04)% |
3.93% |
3.78% |
Class R-3
Return Before Taxes |
(1.86)% |
4.12% |
3.96% |
Class R-4
Return Before Taxes |
(1.68)% |
4.32% |
4.09% |
Class R-5
Return Before Taxes |
(1.65)% |
4.44% |
4.15% |
Barclays MBS Fixed Rate Index
(reflects no deduction for fees, expenses or taxes) |
(1.45)% |
3.70% |
4.64% |
(1)
|
The Fund is showing after-tax
returns for Class A shares after combining separate prospectuses.
|
• |
John R. Friedl (since 2010),
Portfolio Manager |
• |
Ryan P. McCann (since 2010),
Portfolio Manager |
• |
Scott J. Peterson (since
2010), Portfolio Manager |
• |
Greg L. Tornga (since 2011),
Head of Fixed Income and Portfolio
Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A, C, and
J |
Initial
Investment |
$1,000(1) |
A, C, and
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A, C, and
J |
Subsequent
Investments |
$100(1)(2) |
P,
Institutional, R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks to provide a
relatively high level of current income. |
Share
Class | ||||
A |
C |
P |
Inst. | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
3.75% |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
None |
None |
Share
Class | ||||
A |
C |
P |
Inst. | |
Management Fees |
0.51% |
0.51% |
0.51% |
0.51% |
Distribution and/or Service
(12b-1) Fees |
0.25% |
1.00% |
N/A |
N/A |
Other Expenses |
0.16% |
0.12% |
0.16% |
0.08% |
Total Annual
Fund Operating Expenses |
0.92% |
1.63% |
0.67% |
0.59% |
Expense
Reimbursement(1) |
N/A |
N/A |
—% |
(0.01)% |
Total Annual
Fund Operating Expenses after Expense Reimbursement |
0.92% |
1.63% |
0.67% |
0.58% |
(1)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund’s
expenses by paying, if necessary, expenses normally payable by the Fund,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses) to
maintain a total level of operating expenses (expressed as a percent of
average net assets on an annualized basis) not to exceed 0.61% for
Institutional Class shares. In addition, for Class P, the expense limit
will maintain "Other Expenses" (expressed as a percent of average net
assets on an annualized basis) not to exceed 0.20%, (excluding interest
expense, expenses related to fund investments, acquired fund fees and
expenses, and other extraordinary expenses). It is expected that the
expense limit will continue through the period ending February 28, 2015;
however, Principal Funds, Inc. and Principal, the parties to the
agreement, may agree to terminate the expense limit prior to the end of
the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$465 |
$657 |
$865 |
$1,464 | ||||
Class
C |
266 |
|
514 |
|
887 |
|
1,933 |
|
Class
P |
68 |
|
214 |
|
373 |
|
835 |
|
Institutional
Class |
59 |
|
188 |
|
328 |
|
737 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
166 |
|
514 |
|
887 |
|
1,933 |
|
0.00% in securities rated
Aaa |
7.81% in securities rated
Baa |
15.27% in securities rated
Caa |
0.00% in securities rated
D |
0.00% in securities rated
Aa |
33.72% in securities rated
Ba |
0.04% in securities rated
Ca |
4.65% in securities not
rated |
0.07% in securities rated
A |
38.44% in securities rated
B |
0.00% in securities rated
C |
• |
For Classes A, C, and P -
www.principalfunds.com. |
• |
For Institutional Class -
www.principal.com. |
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
18.88 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(11.89 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
2.94% |
14.72% |
8.41% |
Class A
Return After Taxes on Distributions |
(0.34)% |
11.14% |
5.26% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
1.91% |
10.36% |
5.39% |
Class C
Return Before Taxes |
5.19% |
14.77% |
8.03% |
Class P
Return Before Taxes |
7.14% |
15.85% |
8.96% |
Institutional
Class Return Before Taxes |
7.25% |
16.00% |
9.20% |
Barclays U.S. Corporate High
Yield 2% Issuer Capped Index (reflects no deduction for fees, expenses, or
taxes) |
7.44% |
18.96% |
8.61% |
• |
Mark P. Denkinger (since
2009), Portfolio Manager |
• |
Darrin E. Smith (since 2009),
Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A and
C |
Initial
Investment |
$1,000(1) |
A and
C |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A and
C |
Subsequent
Investments |
$100(1)(2) |
P and
Institutional |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks high current
income. |
Share
Class | ||
A |
Inst. | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
3.75% |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
None |
Share
Class | ||
A |
Inst. | |
Management Fees |
0.63% |
0.63% |
Distribution and/or Service
(12b-1) Fees |
0.25% |
N/A |
Other Expenses |
2.53% |
0.02% |
Total Annual
Fund Operating Expenses |
3.41% |
0.65% |
Expense
Reimbursement(1) |
(2.36)% |
N/A |
Total Annual
Fund Operating Expenses after Expense Reimbursement |
1.05% |
0.65% |
(1) Principal
Management Corporation ("Principal"), the investment advisor, has
contractually agreed to limit the Fund’s expenses by paying, if necessary,
expenses normally payable by the Fund, (excluding interest expense,
expenses related to fund investments, acquired fund fees and expenses, and
other extraordinary expenses) to maintain a total level of operating
expenses (expressed as a percent of average net assets on an annualized
basis) not to exceed 1.05% for Class A shares. It is expected that the
expense limit will continue through the period ending February 28, 2015;
however, Principal Funds, Inc. and Principal, the parties to the
agreement, may agree to terminate the expense limit prior to the end of
the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$478 |
$1,135 |
$1,853 |
$3,751 | ||||
Institutional
Class |
66 |
|
208 |
|
362 |
|
810 |
|
0.00% in securities rated
Aaa |
7.92% in securities rated
Baa |
10.73% in securities rated
Caa |
0.05% in securities rated
D |
0.00% in securities rated
Aa |
38.38% in securities rated
Ba |
0.06% in securities rated
Ca |
0.87% in securities not
rated |
0.30% in securities rated
A |
41.69% in securities rated
B |
0.00% in securities rated
C |
• |
For Class A -
www.principalfunds.com. |
• |
For Institutional Class -
www.principal.com. |
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
18.91 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(14.49 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
Life of
Fund |
Class A
Return Before Taxes |
2.67% |
16.13% |
7.51% |
Class A
Return After Taxes on Distributions |
(0.23)% |
12.81% |
4.83% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
1.75% |
11.72% |
4.83% |
Institutional
Class Return Before Taxes |
7.06% |
17.47% |
8.47% |
Barclays U.S. Corporate High
Yield 2% Issuer Capped Index (reflects no deduction for
fees, expenses, or taxes) |
7.44% |
18.96% |
8.34% |
• |
James Gibson (since 2007),
Managing Director, Head High Yield Trader and Co-Portfolio
Manager |
• |
William J. Morgan (since
2007), Managing Director, Senior Portfolio Manager and High Yield Team
Leader |
• |
James P. Shanahan, Jr. (since
2007), Managing Director, Portfolio
Manager |
• |
Ann H. Benjamin (since 2007),
Managing Director |
• |
William (Russ) Covode (since
2011), Managing Director |
• |
Daniel Doyle (since 2014),
Managing Director |
• |
Thomas P. O’Reilly (since
2007), Managing Director |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A |
Initial
Investment |
$1,000(1) |
A |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A |
Subsequent
Investments |
$100(1)(2) |
Institutional |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks to provide a
high level of current income consistent with preservation of
capital. |
Share
Class | |||||||||||
A |
C |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 |
R-6 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
2.25% |
None |
None |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
None |
None |
Share
Class | |||||||||||
A |
C |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 |
R-6 | |
Management Fees |
0.49% |
0.49% |
0.49% |
0.49% |
0.49% |
0.49% |
0.49% |
0.49% |
0.49% |
0.49% |
0.49% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
1.00% |
0.25% |
N/A |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
N/A |
Other Expenses
(2) |
0.15% |
0.18% |
0.22% |
0.20% |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
0.07% |
Total Annual
Fund Operating Expenses |
0.89% |
1.67% |
0.96% |
0.69% |
0.50% |
1.37% |
1.24% |
1.06% |
0.87% |
0.75% |
0.56% |
Fee Waiver and Expense
Reimbursement(3) (4) (5) |
N/A |
N/A |
(0.01)% |
—% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
(0.01)% |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
0.89% |
1.67% |
0.95% |
0.69% |
0.50% |
1.37% |
1.24% |
1.06% |
0.87% |
0.75% |
0.55% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | |||||||||||
(2) Based on estimated expenses
for the current fiscal year. (Class R-6) | |||||||||||
(3) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. | |||||||||||
(4)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund’s
expenses by paying, if necessary, expenses normally payable by the Fund,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses) to
maintain a total level of operating expenses (expressed as a percent of
average net assets on an annualized basis) not to exceed 1.10% for Class J
shares. In addition, for Class P, the expense limit will maintain "Other
Expenses" (expressed as a percent of average net assets on an annualized
basis) not to exceed 0.20%, (excluding interest expense, expenses related
to fund investments, acquired fund fees and expenses, and other
extraordinary expenses). It is expected that the expense limit will
continue through the period ending February 28, 2015; however, Principal
Funds, Inc. and Principal, the parties to the agreement, may agree to
terminate the expense limit prior to the end of the period.
| |||||||||||
(5) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 0.55% for Class R-6 shares. It is expected that the expense
limit will continue through the period ending February 29, 2016; however,
Principal Funds, Inc. and Principal, the parties to the agreement, may
agree to terminate the expense limit prior to the end of the period.
|
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$314 |
$502 |
$707 |
$1,296 | ||||
Class
C |
270 |
|
526 |
|
907 |
|
1,976 |
|
Class
J |
197 |
|
305 |
|
530 |
|
1,177 |
|
Class
P |
70 |
|
221 |
|
384 |
|
859 |
|
Institutional
Class |
51 |
|
160 |
|
280 |
|
628 |
|
Class
R-1 |
139 |
|
434 |
|
750 |
|
1,646 |
|
Class
R-2 |
126 |
|
393 |
|
681 |
|
1,500 |
|
Class
R-3 |
108 |
|
337 |
|
585 |
|
1,294 |
|
Class
R-4 |
89 |
|
278 |
|
482 |
|
1,073 |
|
Class
R-5 |
77 |
|
240 |
|
417 |
|
930 |
|
Class
R-6 |
56 |
|
178 |
|
|
|
|
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
170 |
|
526 |
|
907 |
|
1,976 |
|
Class
J |
97 |
|
305 |
|
530 |
|
1,177 |
|
27.97% in securities rated
Aaa |
37.35% in securities rated
Baa |
1.97% in securities rated
Caa |
0.00% in securities rated
D |
2.00% in securities rated
Aa |
3.62% in securities rated
Ba |
0.00% in securities rated
Ca |
0.93% in securities not
rated |
18.93% in securities rated
A |
7.23% in securities rated
B |
0.00% in securities rated
C |
• |
For Classes A, C, J, and P -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, R-5, and R-6 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
10.26 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q3
'08 |
(4.74 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
(2.48)% |
8.00% |
5.16% |
Class A
Return After Taxes on Distributions |
(4.02)% |
6.10% |
3.26% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
(1.41)% |
5.52% |
3.25% |
Class C
Return Before Taxes |
(1.97)% |
7.70% |
4.62% |
Class J
Return Before Taxes |
(1.25)% |
8.31% |
5.22% |
Class P
Return Before Taxes |
(0.02)% |
8.63% |
5.47% |
Institutional
Class Return Before Taxes |
0.06% |
8.92% |
5.80% |
Class R-1
Return Before Taxes |
(0.80)% |
7.97% |
4.90% |
Class R-2
Return Before Taxes |
(0.67)% |
8.13% |
5.05% |
Class R-3
Return Before Taxes |
(0.39)% |
8.34% |
5.25% |
Class R-4
Return Before Taxes |
(0.30)% |
8.52% |
5.42% |
Class R-5
Return Before Taxes |
(0.08)% |
8.61% |
5.46% |
Class R-6
Return Before Taxes |
(0.23)% |
8.50% |
5.40% |
Barclays U.S. Aggregate Bond
Index (reflects no deduction for fees, expenses, or taxes) |
(2.02)% |
4.44% |
4.55% |
• |
John R. Friedl (since 2005),
Portfolio Manager |
• |
Ryan P. McCann (since 2010),
Portfolio Manager |
• |
Scott J. Peterson (since
2010), Portfolio Manager |
• |
Greg L. Tornga (since 2011),
Head of Fixed Income and Portfolio
Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A, C, and
J |
Initial
Investment |
$1,000(1) |
A, C, and
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A, C, and
J |
Subsequent
Investments |
$100(1)(2) |
P,
Institutional, R-1, R-2, R-3, R-4, R-5, and R-6 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks to provide
current income and real (after inflation) total returns.
|
Share
Class | |||||||||
A |
C |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
3.75% |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class | |||||||||
A |
C |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.39% |
0.39% |
0.39% |
0.39% |
0.39% |
0.39% |
0.39% |
0.39% |
0.39% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
1.00% |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.28% |
0.51% |
0.22% |
0.01% |
0.54% |
0.46% |
0.33% |
0.29% |
0.27% |
Total Annual
Fund Operating Expenses |
0.92% |
1.90% |
0.86% |
0.40% |
1.28% |
1.15% |
0.97% |
0.78% |
0.66% |
Fee Waiver and Expense
Reimbursement(2)(3) |
(0.02)% |
(0.25)% |
(0.01)% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
0.90% |
1.65% |
0.85% |
0.40% |
1.28% |
1.15% |
0.97% |
0.78% |
0.66% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | |||||||||
(2) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. | |||||||||
(3)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund’s
expenses by paying, if necessary, expenses normally payable by the Fund,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses) to
maintain a total level of operating expenses (expressed as a percent of
average net assets on an annualized basis) not to exceed 0.90% for Class
A, 1.65% for Class C, and 1.15% for Class J shares. It is expected that
the expense limit will continue through the period ending February 28,
2015; however, Principal Funds, Inc. and Principal, the parties to the
agreement, may agree to terminate the expense limit prior to the end of
the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$463 |
$655 |
$863 |
$1,462 | ||||
Class
C |
268 |
|
569 |
|
999 |
|
2,198 |
|
Class
J |
187 |
|
273 |
|
476 |
|
1,060 |
|
Institutional
Class |
41 |
|
128 |
|
224 |
|
505 |
|
Class
R-1 |
130 |
|
406 |
|
702 |
|
1,545 |
|
Class
R-2 |
117 |
|
365 |
|
633 |
|
1,398 |
|
Class
R-3 |
99 |
|
309 |
|
536 |
|
1,190 |
|
Class
R-4 |
80 |
|
249 |
|
433 |
|
966 |
|
Class
R-5 |
67 |
|
211 |
|
368 |
|
822 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
$168 |
$569 |
$999 |
$2,198 | ||||
Class
J |
87 |
|
273 |
|
476 |
|
1,060 |
|
• |
For Classes A, C, and J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q3
'11 |
4.35 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(10.39 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
Life of
Fund |
Class A
Return Before Taxes |
(12.26)% |
3.48% |
0.63% |
Class A
Return After Taxes on Distributions |
(12.69)% |
3.04% |
(0.45)% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
(6.66)% |
2.56% |
0.14% |
Class C
Return Before Taxes |
(10.44)% |
3.42% |
0.27% |
Class J
Return Before Taxes |
(9.59)% |
4.03% |
0.85% |
Institutional
Class Return Before Taxes |
(8.37)% |
4.72% |
1.37% |
Class R-1
Return Before Taxes |
(9.09)% |
3.85% |
0.52% |
Class R-2
Return Before Taxes |
(8.96)% |
3.97% |
0.63% |
Class R-3
Return Before Taxes |
(8.81)% |
4.15% |
0.81% |
Class R-4
Return Before Taxes |
(8.67)% |
4.34% |
0.98% |
Class R-5
Return Before Taxes |
(8.62)% |
4.46% |
1.12% |
Barclays U.S. Treasury TIPS
Index (reflects no deduction for fees, expenses, or taxes) |
(8.61)% |
5.63% |
4.51% |
• |
Gargi Chaudhuri (since 2014),
Director |
• |
Martin Hegarty (since 2010),
Managing Director |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A, C, and
J |
Initial
Investment |
$1,000(1) |
A, C, and
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A, C, and
J |
Subsequent
Investments |
$100(1) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks long-term
growth of capital. |
Share
Class | ||||||||||
A |
C |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
None |
Share
Class | ||||||||||
A |
C |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
1.18% |
1.18% |
1.18% |
1.18% |
1.18% |
1.18% |
1.18% |
1.18% |
1.18% |
1.18% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
1.00% |
0.25% |
N/A |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.39% |
0.63% |
0.26% |
0.83% |
0.06% |
0.58% |
0.50% |
0.37% |
0.33% |
0.31% |
Total Annual
Fund Operating Expenses |
1.82% |
2.81% |
1.69% |
2.01% |
1.24% |
2.11% |
1.98% |
1.80% |
1.61% |
1.49% |
Fee Waiver and Expense
Reimbursement(2) (3) |
(0.04)% |
(0.01)% |
(0.01)% |
(0.63)% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
1.78% |
2.80% |
1.68% |
1.38% |
1.24% |
2.11% |
1.98% |
1.80% |
1.61% |
1.49% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | ||||||||||
(2)
Principal Funds Distributor, Inc. ("the
Distributor") has contractually agreed to limit the Distribution Fees
attributable to Class J. The limit will maintain the level of Distribution
Fees not to exceed 0.24%. It is expected that the fee waiver will continue
through the period ending February 28, 2015; however, Principal Funds,
Inc. and the Distributor, the parties to the agreement, may agree to
terminate the fee waiver prior to the end of the
period. | ||||||||||
(3)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund’s
expenses by paying, if necessary, expenses normally payable by the Fund,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses) to
maintain a total level of operating expenses (expressed as a percent of
average net assets on an annualized basis) not to exceed 1.78% for Class A
and 2.80% for Class C shares. In addition, for Class P, the expense limit
will maintain "Other Expenses" (expressed as a percent of average net
assets on an annualized basis) not to exceed 0.20%, (excluding interest
expense, expenses related to fund investments, acquired fund fees and
expenses, and other extraordinary expenses). It is expected that the
expense limit will continue through the period ending February 28, 2015;
however, Principal Funds, Inc. and Principal, the parties to the
agreement, may agree to terminate the expense limit prior to the end of
the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$721 |
$1,087 |
$1,477 |
$2,566 | ||||
Class
C |
383 |
|
870 |
|
1,483 |
|
3,137 |
|
Class
J |
271 |
|
531 |
|
917 |
|
1,997 |
|
Class
P |
140 |
|
559 |
|
1,015 |
|
2,278 |
|
Institutional
Class |
126 |
|
393 |
|
681 |
|
1,500 |
|
Class
R-1 |
214 |
|
661 |
|
1,134 |
|
2,441 |
|
Class
R-2 |
201 |
|
621 |
|
1,068 |
|
2,306 |
|
Class
R-3 |
183 |
|
566 |
|
975 |
|
2,116 |
|
Class
R-4 |
164 |
|
508 |
|
876 |
|
1,911 |
|
Class
R-5 |
152 |
|
471 |
|
813 |
|
1,779 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
$283 |
$870 |
$1,483 |
$3,137 | ||||
Class
J |
171 |
|
531 |
|
917 |
|
1,997 |
|
• |
companies with their principal
place of business or principal office in emerging market countries
or |
• |
companies whose principal
securities trading market is an emerging market
country. |
• |
For Classes A, C, J, and P -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
28.76 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q3
'08 |
(29.21 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
(10.38)% |
11.74% |
9.85% |
Class A
Return After Taxes on Distributions |
(10.21)% |
11.92% |
8.89% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
(5.62)% |
9.70% |
8.14% |
Class C
Return Before Taxes |
(7.04)% |
11.97% |
9.54% |
Class J
Return Before Taxes |
(6.00)% |
13.10% |
10.47% |
Class P
Return Before Taxes |
(4.74)% |
13.38% |
10.70% |
Institutional
Class Return Before Taxes |
(4.60)% |
13.68% |
11.16% |
Class R-1
Return Before Taxes |
(5.42)% |
12.70% |
10.19% |
Class R-2
Return Before Taxes |
(5.32)% |
12.85% |
10.34% |
Class R-3
Return Before Taxes |
(5.14)% |
13.06% |
10.54% |
Class R-4
Return Before Taxes |
(4.97)% |
13.26% |
10.76% |
Class R-5
Return Before Taxes |
(4.83)% |
13.40% |
10.88% |
MSCI Emerging Markets NDTR D
Index (reflects no deduction for fees, expenses, or taxes) |
(2.60)% |
14.79% |
11.17% |
• |
Mihail Dobrinov (since 2007),
Portfolio Manager |
• |
Alan Wang (since 2014),
Portfolio Manager |
• |
Mohammed Zaidi (since 2012),
Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A, C, and
J |
Initial
Investment |
$1,000(1) |
A, C, and
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A, C, and
J |
Subsequent
Investments |
$100(1)(2) |
P,
Institutional, R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks long-term
growth of capital. |
Share
Class | ||||||||
A |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
None |
None |
None |
None |
None |
None |
None |
Share
Class | ||||||||
A |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees
(1) |
0.89% |
0.89% |
0.89% |
0.89% |
0.89% |
0.89% |
0.89% |
0.89% |
Distribution and/or Service
(12b-1) Fees |
0.25% |
N/A |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses
(2) |
0.44% |
0.31% |
0.06% |
0.57% |
0.49% |
0.36% |
0.32% |
0.30% |
Total Annual
Fund Operating Expenses |
1.58% |
1.20% |
0.95% |
1.81% |
1.68% |
1.50% |
1.31% |
1.19% |
Expense
Reimbursement(3) |
(0.13)% |
(0.11)% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Expense Reimbursement |
1.45% |
1.09% |
0.95% |
1.81% |
1.68% |
1.50% |
1.31% |
1.19% |
(1) Management Fees in the
table have been restated to reflect current fees. Effective June 3, 2014,
the Management Fees were reduced. | ||||||||
(2) Based on estimated amounts
for the current fiscal year. (Classes A and P) | ||||||||
(3) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 1.45% for Class A shares. In addition, for Class P, the expense
limit will maintain "Other Expenses" (expressed as a percent of average
net assets on an annualized basis) not to exceed 0.20% (excluding interest
expense, expenses related to fund investments, acquired fund fees and
expenses, and other extraordinary expenses). It is expected that the
expense limit will continue through the period ending February 28, 2016;
however, Principal Funds, Inc. and Principal, the parties to the
agreement, may agree to terminate the expense limit prior to the end of
the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$689 |
$995 |
|
|
|
| ||
Class P
|
111 |
|
357 |
|
|
|
|
|
Institutional
Class |
97 |
|
303 |
|
$525 |
$1,166 | ||
Class
R-1 |
184 |
|
569 |
|
980 |
|
2,127 |
|
Class
R-2 |
171 |
|
530 |
|
913 |
|
1,987 |
|
Class
R-3 |
153 |
|
474 |
|
818 |
|
1,791 |
|
Class
R-4 |
133 |
|
415 |
|
718 |
|
1,579 |
|
Class
R-5 |
121 |
|
378 |
|
654 |
|
1,443 |
|
• |
For Classes A and P -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
22.51 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q3
'11 |
(22.90 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
12.96% |
9.18% |
5.42% |
Class A
Return After Taxes on Distributions |
12.74% |
9.10% |
4.91% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
7.89% |
7.55% |
4.61% |
Class P
Return Before Taxes |
19.93% |
10.80% |
6.39% |
Institutional
Class Return Before Taxes |
20.08% |
10.84% |
6.41% |
Class R-1
Return Before Taxes |
19.01% |
9.90% |
5.50% |
Class R-2
Return Before Taxes |
19.15% |
10.02% |
5.63% |
Class R-3
Return Before Taxes |
19.36% |
10.24% |
5.81% |
Class R-4
Return Before Taxes |
19.67% |
10.45% |
6.02% |
Class R-5
Return Before Taxes |
19.76% |
10.59% |
6.15% |
MSCI EAFE Index NDTR D
(reflects no deduction for fees, expenses, or taxes) |
22.78% |
12.44% |
6.91% |
MSCI ACWI Ex-U.S. (reflects no
deduction for fees, expenses, or taxes) |
15.29% |
12.81% |
7.57% |
(1)
|
The Fund is showing after-tax
returns for Class A shares after combining separate prospectuses.
|
• |
John Birkhold (since 2014),
Partner |
• |
Chris Carter (since 2014),
Partner |
• |
Nigel Dutson (since 2014),
Partner |
• |
Tarlock Randhawa (since 2014),
Partner |
• |
Nerys Weir (since 2014),
Investment Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A |
Initial
Investment |
$1,000(1) |
A |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A |
Subsequent
Investments |
$100(1)(2) |
P,
Institutional, R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks long-term
growth of capital. |
Share
Class | |||||||
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is paid, whichever is less) |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class |
|||||||
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.74% |
0.74% |
0.74% |
0.74% |
0.74% |
0.74% |
0.74% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.15% |
0.02% |
0.54% |
0.46% |
0.33% |
0.29% |
0.27% |
Total Annual
Fund Operating Expenses |
1.14% |
0.76% |
1.63% |
1.50% |
1.32% |
1.13% |
1.01% |
Fee
Waiver(2)(3) |
(0.03)% |
(0.02)% |
(0.02)% |
(0.02)% |
(0.02)% |
(0.02)% |
(0.02)% |
Total Annual
Fund Operating Expenses after Fee Waiver |
1.11% |
0.74% |
1.61% |
1.48% |
1.30% |
1.11% |
0.99% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | |||||||
(2) Principal
Management Corporation ("Principal"), the investment advisor, has
contractually agreed to limit the Fund's Management Fees through the
period ending February 28, 2015. The fee waiver will reduce the
Fund's Management Fees by 0.018% (expressed as a percent of average net
assets on an annualized basis). It is expected that the fee waiver will
continue through the period disclosed; however, Principal Funds, Inc. and
Principal, the parties to the agreement may agree to terminate the fee
waiver prior to the end of the period. | |||||||
(3) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
J |
$213 |
$359 |
$624 |
$1,383 | ||||
Institutional
Class |
76 |
|
241 |
|
420 |
|
940 |
|
Class
R-1 |
164 |
|
512 |
|
884 |
|
1,931 |
|
Class
R-2 |
151 |
|
472 |
|
816 |
|
1,789 |
|
Class
R-3 |
132 |
|
416 |
|
721 |
|
1,588 |
|
Class
R-4 |
113 |
|
357 |
|
620 |
|
1,373 |
|
Class
R-5 |
101 |
|
319 |
|
556 |
|
1,234 |
|
1
year |
3
years |
5
years |
10
years | |
Class
J |
$113 |
$359 |
$624 |
$1,383 |
• |
For Class J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
16.89 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(21.93 |
)% |
(1)
|
The Fund is showing returns for
Institutional Class shares after combining separate prospectuses.
|
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Institutional
Class Return Before Taxes |
30.95% |
17.18% |
7.13% |
Institutional
Class Return After Taxes on Distributions |
22.83% |
15.52% |
5.82% |
Institutional
Class Return After Taxes on Distribution and Sale of Fund
Shares |
23.96% |
13.95% |
5.74% |
Class J
Return Before Taxes |
29.53% |
16.66% |
6.53% |
Class R-1
Return Before Taxes |
29.98% |
16.23% |
6.22% |
Class R-2
Return Before Taxes |
30.04% |
16.35% |
6.33% |
Class R-3
Return Before Taxes |
30.22% |
16.56% |
6.53% |
Class R-4
Return Before Taxes |
30.59% |
16.80% |
6.74% |
Class R-5
Return Before Taxes |
30.73% |
16.91% |
6.86% |
S&P 500 Index (reflects no
deduction for fees, expenses, or taxes) |
32.39% |
17.94% |
7.41% |
(1)
|
The Fund is showing after-tax
returns for Institutional Class shares after combining separate
prospectuses. |
• |
James W. Fennessey (since
2009), Portfolio Manager |
• |
Randy L. Welch (since 2009),
Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
J |
Initial
Investment |
$1,000(1) |
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks long-term
growth of capital. |
Share
Class | ||||||||||
A |
C |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
None |
Share
Class | ||||||||||
A |
C |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.63% |
0.63% |
0.63% |
0.63% |
0.63% |
0.63% |
0.63% |
0.63% |
0.63% |
0.63% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
1.00% |
0.25% |
N/A |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.31% |
0.42% |
0.21% |
0.27% |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Total Annual
Fund Operating Expenses |
1.19% |
2.05% |
1.09% |
0.90% |
0.64% |
1.51% |
1.38% |
1.20% |
1.01% |
0.89% |
Fee Waiver and Expense
Reimbursement(2) (3) |
N/A |
N/A |
(0.01)% |
(0.07)% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
1.19% |
2.05% |
1.08% |
0.83% |
0.64% |
1.51% |
1.38% |
1.20% |
1.01% |
0.89% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | ||||||||||
(2) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. | ||||||||||
(3)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund’s
expenses by paying, if necessary, expenses normally payable by the Fund,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses) to
maintain "Other Expenses" (expressed as a percent of average net assets on
an annualized basis) not to exceed 0.20% for Class P shares. It is
expected that the expense limit will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and Principal, the
parties to the agreement, may agree to terminate the expense limit prior
to the end of the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$665 |
$907 |
$1,168 |
$1,914 | ||||
Class
C |
308 |
|
643 |
|
1,103 |
|
2,379 |
|
Class
J |
210 |
|
345 |
|
600 |
|
1,328 |
|
Class
P |
85 |
|
279 |
|
490 |
|
1,100 |
|
Institutional
Class |
65 |
|
205 |
|
357 |
|
798 |
|
Class
R-1 |
154 |
|
477 |
|
824 |
|
1,802 |
|
Class
R-2 |
140 |
|
437 |
|
755 |
|
1,657 |
|
Class
R-3 |
122 |
|
381 |
|
660 |
|
1,455 |
|
Class
R-4 |
103 |
|
322 |
|
558 |
|
1,236 |
|
Class
R-5 |
91 |
|
284 |
|
493 |
|
1,096 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
208 |
|
643 |
|
1,103 |
|
2,379 |
|
Class
J |
110 |
|
345 |
|
600 |
|
1,328 |
|
• |
For Classes A, C, J, and P -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q1
'12 |
17.04 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(25.99 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
26.11% |
15.54% |
6.57% |
Class A
Return After Taxes on Distributions |
22.98% |
14.96% |
6.24% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
17.29% |
12.55% |
5.31% |
Class C
Return Before Taxes |
31.22% |
15.90% |
6.28% |
Class J
Return Before Taxes |
32.48% |
16.91% |
7.09% |
Class P
Return Before Taxes |
33.91% |
17.41% |
7.44% |
Institutional
Class Return Before Taxes |
34.11% |
17.57% |
7.83% |
Class R-1
Return Before Taxes |
32.82% |
16.58% |
6.90% |
Class R-2
Return Before Taxes |
32.97% |
16.69% |
7.04% |
Class R-3
Return Before Taxes |
33.26% |
17.10% |
7.30% |
Class R-4
Return Before Taxes |
33.55% |
17.16% |
7.42% |
Class R-5
Return Before Taxes |
33.70% |
17.29% |
7.55% |
Russell 1000 Growth Index
(reflects no deduction for fees, expenses, or taxes) |
33.48% |
20.39% |
7.83% |
• |
Thomas J. Bisighini (since
2009), Managing Director/Co-Portfolio
Manager |
• |
Anthony Rizza (since 2005),
Senior Managing Director/Portfolio
Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A, C, and
J |
Initial
Investment |
$1,000(1) |
A, C, and
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A, C, and
J |
Subsequent
Investments |
$100(1)(2) |
P,
Institutional, R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks long-term
growth of capital. |
Share
Class | ||||||||||
A |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 |
R-6 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
None |
None |
Share
Class | ||||||||||
A |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 |
R-6 | |
Management Fees |
0.61% |
0.61% |
0.61% |
0.61% |
0.61% |
0.61% |
0.61% |
0.61% |
0.61% |
0.61% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
0.25% |
N/A |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
N/A |
Other Expenses
(2) |
6.02% |
0.22% |
0.26% |
0.02% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
0.07% |
Total Annual
Fund Operating Expenses |
6.88% |
1.08% |
0.87% |
0.63% |
1.49% |
1.36% |
1.18% |
0.99% |
0.87% |
0.68% |
Fee Waiver and Expense
Reimbursement (3) (4) (5) (6) (7) |
(5.63)% |
(0.03)% |
(0.08)% |
(0.02)% |
(0.02)% |
(0.02)% |
(0.02)% |
(0.02)% |
(0.02)% |
(0.03)% |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
1.25% |
1.05% |
0.79% |
0.61% |
1.47% |
1.34% |
1.16% |
0.97% |
0.85% |
0.65% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | ||||||||||
(2) Based on estimated expenses
for the current fiscal year (Class P and R-6). | ||||||||||
(3) Principal
Management Corporation ("Principal"), the investment advisor, has
contractually agreed to limit the Fund's Management Fees through the
period ending February 28, 2015. The fee waiver will reduce the
Fund's Management Fees by 0.016% (expressed as a percent of average net
assets on an annualized basis). It is expected that the fee waiver will
continue through the period disclosed; however, Principal Funds, Inc. and
Principal, the parties to the agreement may agree to terminate the fee
waiver prior to the end of the period. | ||||||||||
(4) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund's Management Fees through the period ending
February 29, 2016. The fee waiver will reduce the Fund's Management Fees
by 0.016% (expressed as a percent of average net assets on an annualized
basis). It is expected that the fee waiver will continue through the
period disclosed; however, Principal Funds, Inc. and Principal, the
parties to the agreement may agree to terminate the fee waiver prior to
the end of the period. | ||||||||||
(5) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. | ||||||||||
(6) Principal
Management Corporation ("Principal"), the investment advisor, has
contractually agreed to limit the Fund’s expenses by paying, if necessary,
expenses normally payable by the Fund, (excluding interest expense,
expenses related to fund investments, acquired fund fees and expenses, and
other extraordinary expenses) to maintain a total level of operating
expenses (expressed as a percent of average net assets on an annualized
basis) not to exceed 1.25% for Class A shares. It is expected that the
expense limit will continue through the period ending February 28, 2015;
however, Principal Funds, Inc. and Principal, the parties to the
agreement, may agree to terminate the expense limit prior to the end of
the period. | ||||||||||
(7) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 0.65% for Class R-6 shares. In addition for Class P, the expense
limit will maintain "Other Expenses" (expressed as a percent of average
net assets on an annualized basis) not to exceed 0.20%, (excluding
interest expense, expenses related to fund investments, acquired fund fees
and expenses, and other extraordinary expenses). It is expected that the
expense limit will continue through the period ending February 29, 2016;
however, Principal Funds, Inc. and Principal, the parties to the
agreement, may agree to terminate the expense limit prior to the end of
the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$670 |
$1,915 |
$3,201 |
$6,211 | ||||
Class
J |
207 |
|
340 |
|
592 |
|
1,314 |
|
Class
P |
81 |
|
260 |
|
|
|
|
|
Institutional
Class |
62 |
|
199 |
|
349 |
|
784 |
|
Class
R-1 |
150 |
|
469 |
|
811 |
|
1,777 |
|
Class
R-2 |
136 |
|
428 |
|
742 |
|
1,633 |
|
Class
R-3 |
118 |
|
372 |
|
647 |
|
1,430 |
|
Class
R-4 |
99 |
|
313 |
|
545 |
|
1,211 |
|
Class
R-5 |
87 |
|
275 |
|
480 |
|
1,070 |
|
Class
R-6 |
66 |
|
214 |
|
|
|
|
|
1
year |
3
years |
5
years |
10
years | |
Class
J |
$107 |
$340 |
$592 |
$1,314 |
• |
For Classes A, J, and P -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, R-5 and R-6 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
19.69 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(22.85 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
28.42% |
21.57% |
7.60% |
Class A
Return After Taxes on Distributions |
26.62% |
20.91% |
7.06% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
17.51% |
17.77% |
6.18% |
Class J
Return Before Taxes |
35.10% |
22.96% |
8.05% |
Class P
Return Before Taxes |
36.44% |
23.53% |
8.70% |
Institutional
Class Return Before Taxes |
36.68% |
23.71% |
8.81% |
Class R-1
Return Before Taxes |
35.42% |
22.61% |
7.85% |
Class R-2
Return Before Taxes |
35.65% |
22.76% |
8.00% |
Class R-3
Return Before Taxes |
35.80% |
23.01% |
8.20% |
Class R-4
Return Before Taxes |
36.11% |
23.23% |
8.39% |
Class R-5
Return Before Taxes |
36.37% |
23.41% |
8.53% |
Class R-6
Return Before Taxes |
36.63% |
23.68% |
8.79% |
Russell 1000 Growth Index
(reflects no deduction for fees, expenses, or taxes) |
33.48% |
20.39% |
7.83% |
• |
James W. Fennessey (since
2009), Portfolio Manager |
• |
Randy L. Welch (since 2009),
Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A and
J |
Initial
Investment |
$1,000(1) |
A and
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A and
J |
Subsequent
Investments |
$100(1)(2) |
P,
Institutional, R-1, R-2, R-3, R-4, R-5, and R-6 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks long-term
growth of capital. |
Share
Class | |||||||
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is paid, whichever is less) |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class | |||||||
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.87% |
0.87% |
0.87% |
0.87% |
0.87% |
0.87% |
0.87% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.21% |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Total Annual
Fund Operating Expenses |
1.33% |
0.88% |
1.75% |
1.62% |
1.44% |
1.25% |
1.13% |
Fee
Waiver(2)(3) |
(0.02)% |
(0.01)% |
(0.01)% |
(0.01)% |
(0.01)% |
(0.01)% |
(0.01)% |
Total Annual
Fund Operating Expenses after Fee Waiver |
1.31% |
0.87% |
1.74% |
1.61% |
1.43% |
1.24% |
1.12% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | |||||||
(2) Principal
Management Corporation ("Principal"), the investment advisor, has
contractually agreed to limit the Fund's Management Fees through the
period ending February 28, 2015. The fee waiver will reduce the
Fund's Management Fees by 0.014% (expressed as a percent of average net
assets on an annualized basis). It is expected that the fee waiver will
continue through the period disclosed; however, Principal Funds, Inc. and
Principal, the parties to the agreement may agree to terminate the fee
waiver prior to the end of the period. | |||||||
(3) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
J |
$233 |
$419 |
$727 |
$1,599 | ||||
Institutional
Class |
89 |
|
280 |
|
486 |
|
1,083 |
|
Class
R-1 |
177 |
|
550 |
|
948 |
|
2,061 |
|
Class
R-2 |
164 |
|
510 |
|
880 |
|
1,921 |
|
Class
R-3 |
146 |
|
454 |
|
786 |
|
1,723 |
|
Class
R-4 |
126 |
|
395 |
|
685 |
|
1,510 |
|
Class
R-5 |
114 |
|
358 |
|
621 |
|
1,374 |
|
1
year |
3
years |
5
years |
10
years | |
Class
J |
$133 |
$419 |
$727 |
$1,599 |
• |
For Class J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
15.82 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(22.90 |
)% |
(1)
|
The Fund is showing returns for
Institutional Class shares after combining separate prospectuses.
|
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Institutional
Class Return Before Taxes |
30.07% |
17.99% |
7.57% |
Institutional
Class Return After Taxes on Distributions |
27.42% |
17.04% |
6.63% |
Institutional
Class Return After Taxes on Distribution and Sale of Fund
Shares |
19.12% |
14.71% |
6.06% |
Class J
Return Before Taxes |
28.52% |
17.31% |
6.86% |
Class R-1
Return Before Taxes |
28.97% |
16.97% |
6.63% |
Class R-2
Return Before Taxes |
29.03% |
17.09% |
6.77% |
Class R-3
Return Before Taxes |
29.30% |
17.32% |
6.96% |
Class R-4
Return Before Taxes |
29.60% |
17.57% |
7.17% |
Class R-5
Return Before Taxes |
29.86% |
17.70% |
7.28% |
Russell 1000 Growth Index
(reflects no deduction for fees, expenses, or taxes) |
33.48% |
20.39% |
7.83% |
• |
James W. Fennessey (since
2009), Portfolio Manager |
• |
Randy L. Welch (since 2009),
Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
J |
Initial
Investment |
$1,000(1) |
J |
Initial Investment for accounts
with an Automatic Investment Plan (AIP) |
$100 |
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible
purchasers. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks long-term
growth of capital. |
Share Class
| |||||||||
A |
C |
J |
Inst.
|
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
1.50% |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
0.25% |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
Share Class
| |||||||||
A |
C |
J |
Inst.
|
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.15% |
0.15% |
0.15% |
0.15% |
0.15% |
0.15% |
0.15% |
0.15% |
0.15% |
Distribution and/or Service
(12b-1) Fees (1) |
0.15% |
1.00% |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.26% |
0.36% |
0.14% |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Total Annual
Fund Operating Expenses |
0.56% |
1.51% |
0.54% |
0.16% |
1.03% |
0.90% |
0.72% |
0.53% |
0.41% |
Fee Waiver and Expense
Reimbursement(2) (3) |
N/A |
(0.21)% |
(0.01)% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
0.56% |
1.30% |
0.53% |
0.16% |
1.03% |
0.90% |
0.72% |
0.53% |
0.41% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | |||||||||
(2) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. | |||||||||
(3) Principal
Management Corporation ("Principal"), the investment advisor, has
contractually agreed to limit the Fund’s expenses by paying, if necessary,
expenses normally payable by the Fund, (excluding interest expense,
expenses related to fund investments, acquired fund fees and expenses, and
other extraordinary expenses) to maintain a total level of operating
expenses (expressed as a percent of average net assets on an annualized
basis) not to exceed 1.30% for Class C shares. It is expected that the
expense limit will continue through the period ending February 28, 2015;
however, Principal Funds, Inc. and Principal, the parties to the
agreement, may agree to terminate the expense limit prior to the end of
the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$206 |
$327 |
$458 |
$841 | ||||
Class
C |
232 |
|
453 |
|
800 |
|
1,781 |
|
Class
J |
154 |
|
172 |
|
301 |
|
676 |
|
Institutional
Class |
16 |
|
52 |
|
90 |
|
205 |
|
Class
R-1 |
105 |
|
328 |
|
569 |
|
1,259 |
|
Class
R-2 |
92 |
|
287 |
|
498 |
|
1,108 |
|
Class
R-3 |
74 |
|
230 |
|
401 |
|
894 |
|
Class
R-4 |
54 |
|
170 |
|
296 |
|
665 |
|
Class
R-5 |
42 |
|
132 |
|
230 |
|
518 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
$132 |
$453 |
$800 |
$1,781 | ||||
Class
J |
54 |
|
172 |
|
301 |
|
676 |
|
Note: |
“Standard & Poor's 500"
and "S&P 500®" are trademarks of The
McGraw-Hill Companies, Inc. and have been licensed by Principal. The Fund
is not sponsored, endorsed, sold, or promoted by Standard & Poor's and
Standard & Poor's makes no representation regarding the advisability
of investing in the Fund. |
• |
For Classes A, C, and J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
15.77 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(22.13 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
29.71% |
16.81% |
6.50% |
Class A
Return After Taxes on Distributions |
29.30% |
16.55% |
6.14% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
17.14% |
13.66% |
5.28% |
Class C
Return Before Taxes |
29.66% |
16.38% |
5.97% |
Class J
Return Before Taxes |
30.65% |
17.20% |
6.62% |
Institutional
Class Return Before Taxes |
32.06% |
17.73% |
7.21% |
Class R-1
Return Before Taxes |
30.88% |
16.70% |
6.27% |
Class R-2
Return Before Taxes |
31.17% |
16.86% |
6.43% |
Class R-3
Return Before Taxes |
31.40% |
17.06% |
6.61% |
Class R-4
Return Before Taxes |
31.56% |
17.31% |
6.81% |
Class R-5
Return Before Taxes |
31.79% |
17.44% |
6.94% |
S&P 500 Index (reflects no
deduction for fees, expenses, or taxes) |
32.39% |
17.94% |
7.41% |
• |
Thomas L. Kruchten (since
2011), Research Analyst and Portfolio
Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A, C, and
J |
Initial
Investment |
$1,000(1) |
A, C, and
J |
Initial Investment for accounts
with an Automatic Investment Plan (AIP) |
$100 |
A, C, and
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible
purchasers. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks long-term
growth of capital. |
Share
Class | ||||||||||
A |
C |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
None |
Share
Class | ||||||||||
A |
C |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.42% |
0.42% |
0.42% |
0.42% |
0.42% |
0.42% |
0.42% |
0.42% |
0.42% |
0.42% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
1.00% |
0.25% |
N/A |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses
(2) |
0.22% |
0.78% |
0.24% |
0.26% |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Total Annual
Fund Operating Expenses |
0.89% |
2.20% |
0.91% |
0.68% |
0.43% |
1.30% |
1.17% |
0.99% |
0.80% |
0.68% |
Fee Waiver and Expense
Reimbursement(3)(4)(5) |
N/A |
(0.50)% |
(0.01)% |
(0.06)% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
0.89% |
1.70% |
0.90% |
0.62% |
0.43% |
1.30% |
1.17% |
0.99% |
0.80% |
0.68% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | ||||||||||
(2) Based on estimated amounts
for the current fiscal year. (Class P) | ||||||||||
(3) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. | ||||||||||
(4)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund’s
expenses by paying, if necessary, expenses normally payable by the Fund,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses) to
maintain a total level of operating expenses (expressed as a percent of
average net assets on an annualized basis) not to exceed 1.70% for Class C
shares. It is expected that the expense limit will continue through the
period ending February 28, 2015; however, Principal Funds, Inc. and
Principal, the parties to the agreement, may agree to terminate the
expense limit prior to the end of the period. | ||||||||||
(5)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund’s
expenses by paying, if necessary, expenses normally payable by the Fund,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses) to
maintain "Other Expenses" (expressed as a percent of average net assets on
an annualized basis) not to exceed 0.20% for Class P shares. It is
expected that the expense limit will continue through the period ending
February 28, 2016; however, Principal Funds, Inc. and Principal, the
parties to the agreement, may agree to terminate the expense limit prior
to the end of the period.
|
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$636 |
$818 |
$1,016 |
$1,586 | ||||
Class
C |
273 |
|
632 |
|
1,126 |
|
2,488 |
|
Class
J |
192 |
|
289 |
|
503 |
|
1,118 |
|
Class
P |
63 |
|
204 |
|
|
|
|
|
Institutional
Class |
44 |
|
138 |
|
241 |
|
542 |
|
Class
R-1 |
132 |
|
412 |
|
713 |
|
1,568 |
|
Class
R-2 |
119 |
|
372 |
|
644 |
|
1,420 |
|
Class
R-3 |
101 |
|
315 |
|
547 |
|
1,213 |
|
Class
R-4 |
82 |
|
255 |
|
444 |
|
990 |
|
Class
R-5 |
69 |
|
218 |
|
379 |
|
847 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
173 |
|
632 |
|
1,126 |
|
2,488 |
|
Class
J |
92 |
|
289 |
|
503 |
|
1,118 |
|
• |
For Classes A, C, J, and P -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q3
'09 |
15.65 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(21.93 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
23.53% |
13.95% |
5.79% |
Class A
Return After Taxes on Distributions |
20.37% |
13.20% |
5.00% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
15.06% |
11.14% |
4.65% |
Class C
Return Before Taxes |
28.47% |
14.39% |
5.62% |
Class J
Return Before Taxes |
29.55% |
15.20% |
6.21% |
Class P
Return Before Taxes |
30.49% |
15.23% |
6.34% |
Institutional
Class Return Before Taxes |
31.21% |
15.87% |
6.92% |
Class R-1
Return Before Taxes |
30.04% |
14.88% |
6.02% |
Class R-2
Return Before Taxes |
30.21% |
15.02% |
6.14% |
Class R-3
Return Before Taxes |
30.49% |
15.23% |
6.34% |
Class R-4
Return Before Taxes |
30.62% |
15.43% |
6.52% |
Class R-5
Return Before Taxes |
30.86% |
15.58% |
6.65% |
Russell 1000 Value Index
(reflects no deduction for fees, expenses, or taxes) |
32.53% |
16.67% |
7.58% |
(1)
|
The Fund is showing after-tax
returns for Class A shares after combining separate prospectuses.
|
• |
Arild Holm (since 2007),
Portfolio Manager |
• |
Jeffrey A. Schwarte (since
2010), Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A, C, and
J |
Initial
Investment |
$1,000(1) |
A, C, and
J |
Initial Investment for accounts
with an Automatic Investment Plan (AIP) |
$100 |
A, C, and
J |
Subsequent
Investments |
$100(1)(2) |
P,
Institutional, R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible
purchasers. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks long-term
growth of capital. |
Share
Class | |||||||
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is paid, whichever is less) |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class | |||||||
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.79% |
0.79% |
0.79% |
0.79% |
0.79% |
0.79% |
0.79% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.19% |
0.01% |
0.54% |
0.46% |
0.33% |
0.29% |
0.27% |
Total Annual
Fund Operating Expenses |
1.23% |
0.80% |
1.68% |
1.55% |
1.37% |
1.18% |
1.06% |
Fee
Waiver(2)(3) |
(0.02)% |
(0.01)% |
(0.01)% |
(0.01)% |
(0.01)% |
(0.01)% |
(0.01)% |
Total Annual
Fund Operating Expenses after Fee Waiver |
1.21% |
0.79% |
1.67% |
1.54% |
1.36% |
1.17% |
1.05% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | |||||||
(2) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund's Management Fees through the period ending
February 28, 2015. The fee waiver will reduce the Fund's Management Fees
by 0.012% (expressed as a percent of average net assets on an annualized
basis). It is expected that the fee waiver will continue through the
period disclosed; however, Principal Funds, Inc. and Principal, the
parties to the agreement may agree to terminate the fee waiver prior to
the end of the period. | |||||||
(3) Principal Funds
Distributor, Inc. ("the Distributor") has contractually agreed to limit
the Distribution Fees attributable to Class J. The limit will maintain the
level of Distribution Fees not to exceed 0.24%. It is expected that the
fee waiver will continue through the period ending February 28, 2015;
however, Principal Funds, Inc. and the Distributor, the parties to the
agreement, may agree to terminate the fee waiver prior to the end of the
period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
J |
$223 |
$388 |
$673 |
$1,487 | ||||
Institutional
Class |
81 |
|
254 |
|
443 |
|
989 |
|
Class
R-1 |
170 |
|
528 |
|
911 |
|
1,986 |
|
Class
R-2 |
157 |
|
488 |
|
844 |
|
1,844 |
|
Class
R-3 |
138 |
|
433 |
|
749 |
|
1,645 |
|
Class
R-4 |
119 |
|
374 |
|
648 |
|
1,431 |
|
Class
R-5 |
107 |
|
336 |
|
584 |
|
1,293 |
|
1
year |
3
years |
5
years |
10
years | |
Class
J |
$123 |
$388 |
$673 |
$1,487 |
• |
For Class J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q3
'09 |
15.89 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(21.54 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Institutional
Class Return Before Taxes |
31.56% |
14.78% |
5.14% |
Institutional
Class Return After Taxes on Distributions |
31.36% |
14.49% |
4.63% |
Institutional
Class Return After Taxes on Distribution and Sale of Fund
Shares |
18.02% |
11.96% |
4.24% |
Class J
Return Before Taxes |
29.97% |
14.18% |
4.49% |
Class R-1
Return Before Taxes |
30.29% |
13.77% |
4.21% |
Class R-2
Return Before Taxes |
30.52% |
13.94% |
4.36% |
Class R-3
Return Before Taxes |
30.71% |
14.12% |
4.54% |
Class R-4
Return Before Taxes |
31.05% |
14.33% |
4.74% |
Class R-5
Return Before Taxes |
31.08% |
14.47% |
4.87% |
Russell 1000 Value Index
(reflects no deduction for fees, expenses, or taxes) |
32.53% |
16.67% |
7.58% |
(1)
|
The Fund is showing after-tax
returns for Institutional Class shares after combining separate
prospectuses. |
• |
James W. Fennessey (since
2009), Portfolio Manager |
• |
Randy L. Welch (since 2009),
Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
J |
Initial
Investment |
$1,000(1) |
J |
Initial Investment for accounts
with an Automatic Investment Plan (AIP) |
$100 |
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible
purchasers. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks long-term
growth of capital. |
Share
Class | ||||||||||
A |
C |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
None |
Share
Class | ||||||||||
A |
C |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.60% |
0.60% |
0.60% |
0.60% |
0.60% |
0.60% |
0.60% |
0.60% |
0.60% |
0.60% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
1.00% |
0.25% |
N/A |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.17% |
0.17% |
0.13% |
0.13% |
0.06% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Total Annual
Fund Operating Expenses |
1.02% |
1.77% |
0.98% |
0.73% |
0.66% |
1.48% |
1.35% |
1.17% |
0.98% |
0.86% |
Fee Waiver and Expense
Reimbursement(2) (3) |
N/A |
N/A |
(0.01)% |
—% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
1.02% |
1.77% |
0.97% |
0.73% |
0.66% |
1.48% |
1.35% |
1.17% |
0.98% |
0.86% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | ||||||||||
(2) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. | ||||||||||
(3)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund’s
expenses by paying, if necessary, expenses normally payable by the Fund,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses) to
maintain "Other Expenses" (expressed as a percent of average net assets on
an annualized basis) not to exceed 0.20% for Class P shares. It is
expected that the expense limit will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and Principal, the
parties to the agreement, may agree to terminate the expense limit prior
to the end of the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$648 |
$857 |
$1,082 |
$1,729 | ||||
Class
C |
280 |
|
557 |
|
959 |
|
2,084 |
|
Class
J |
199 |
|
311 |
|
541 |
|
1,200 |
|
Class
P |
75 |
|
233 |
|
406 |
|
906 |
|
Institutional
Class |
67 |
|
211 |
|
368 |
|
822 |
|
Class
R-1 |
151 |
|
468 |
|
808 |
|
1,768 |
|
Class
R-2 |
137 |
|
428 |
|
739 |
|
1,624 |
|
Class
R-3 |
119 |
|
372 |
|
644 |
|
1,420 |
|
Class
R-4 |
100 |
|
312 |
|
542 |
|
1,201 |
|
Class
R-5 |
88 |
|
274 |
|
477 |
|
1,061 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
180 |
|
557 |
|
959 |
|
2,084 |
|
Class
J |
99 |
|
311 |
|
541 |
|
1,200 |
|
• |
For Classes A, C, J, and P -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
17.51 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(23.89 |
)% |
(1)
|
The Fund is showing returns for
Class A shares after combining separate prospectuses.
|
Average
Annual Total Returns(1) | |||||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years | ||
Class A
Return Before Taxes |
25.85% |
21.23% |
10.55 |
% |
|
Class A
Return After Taxes on Distributions |
25.22% |
20.61% |
9.63 |
% |
|
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
15.13% |
17.46% |
8.65 |
% |
|
Class C
Return Before Taxes |
31.13% |
21.68% |
10.29 |
% |
|
Class J
Return Before Taxes |
32.23% |
22.57% |
11.00 |
% |
|
Class P
Return Before Taxes |
33.49% |
22.82% |
11.22 |
% |
|
Institutional
Class Return Before Taxes |
33.60% |
23.15% |
11.65 |
% |
|
Class R-1
Return Before Taxes |
32.56% |
22.10% |
10.70 |
% |
|
Class R-2
Return Before Taxes |
32.68% |
22.28% |
10.84 |
% |
|
Class R-3
Return Before Taxes |
32.97% |
22.48% |
11.06 |
% |
|
Class R-4
Return Before Taxes |
33.17% |
22.73% |
11.24 |
% |
(2) |
Class R-5
Return Before Taxes |
33.33% |
22.87% |
11.39 |
% |
|
Russell Midcap Index (reflects
no deduction for fees, expenses, or taxes) |
34.76% |
22.36% |
10.22 |
% |
(1)
|
The Fund is showing after-tax
returns for Class A shares after combining separate prospectuses.
|
(2)
|
During 2004, the Class
experienced a significant withdrawal of monies by an affiliate. As the
remaining shareholders held relatively small positions, the total return
amounts expressed herein are greater than those that would have been
experienced without the withdrawal. |
• |
K. William Nolin (since 2000),
Portfolio Manager |
• |
Tom Rozycki (since 2013),
Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A, C, and
J |
Initial
Investment |
$1,000(1) |
A, C, and
J |
Initial Investment for accounts
with an Automatic Investment Plan (AIP) |
$100 |
A, C, and
J |
Subsequent
Investments |
$100(1)(2) |
P,
Institutional, R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible
purchasers. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks long-term
growth of capital. |
Share
Class | |||||||
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is paid, whichever is less) |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class | |||||||
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.65% |
0.65% |
0.65% |
0.65% |
0.65% |
0.65% |
0.65% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.32% |
0.12% |
0.56% |
0.48% |
0.35% |
0.31% |
0.29% |
Total Annual
Fund Operating Expenses |
1.22% |
0.77% |
1.56% |
1.43% |
1.25% |
1.06% |
0.94% |
Fee Waiver and Expense
Reimbursement(2)(3) |
(0.01)% |
(0.03)% |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
1.21% |
0.74% |
1.56% |
1.43% |
1.25% |
1.06% |
0.94% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | |||||||
(2) Principal
Management Corporation ("Principal"), the investment advisor, has
contractually agreed to limit the Fund’s expenses by paying, if necessary,
expenses normally payable by the Fund, (excluding interest expense,
expenses related to fund investments, acquired fund fees and expenses, and
other extraordinary expenses) to maintain a total level of operating
expenses (expressed as a percent of average net assets on an annualized
basis) not to exceed 0.75% for Institutional class shares. It is expected
that the expense limit will continue through the period ending February
28, 2015; however, Principal Funds, Inc. and Principal, the parties to the
agreement, may agree to terminate the expense limit prior to the end of
the period. | |||||||
(3) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
J |
$223 |
$386 |
$669 |
$1,476 | ||||
Institutional
Class |
76 |
|
242 |
|
424 |
|
951 |
|
Class
R-1 |
159 |
|
493 |
|
850 |
|
1,856 |
|
Class
R-2 |
146 |
|
452 |
|
782 |
|
1,713 |
|
Class
R-3 |
127 |
|
397 |
|
686 |
|
1,511 |
|
Class
R-4 |
108 |
|
337 |
|
585 |
|
1,294 |
|
Class
R-5 |
96 |
|
300 |
|
520 |
|
1,155 |
|
1
year |
3
years |
5
years |
10
years | |
Class
J |
$123 |
$386 |
$669 |
$1,476 |
• |
For Class J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q4
‘10 |
17.62 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
‘08 |
(25.27 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Institutional
Class Return Before Taxes |
35.28% |
18.72% |
8.67% |
Institutional
Class Return After Taxes on Distributions |
25.76% |
16.25% |
7.42% |
Institutional
Class Return After Taxes on Distribution and Sale of Fund
Shares |
22.07% |
14.63% |
6.83% |
Class J
Return Before Taxes |
33.80% |
18.03% |
7.90% |
Class R-1
Return Before Taxes |
34.31% |
17.71% |
7.75% |
Class R-2
Return Before Taxes |
34.53% |
17.89% |
7.88% |
Class R-3
Return Before Taxes |
34.67% |
18.05% |
8.08% |
Class R-4
Return Before Taxes |
34.94% |
18.27% |
8.27% |
Class R-5
Return Before Taxes |
35.30% |
18.46% |
8.40% |
Russell Midcap Growth Index
(reflects no deduction for fees, expenses, or taxes) |
35.74% |
23.37% |
9.77% |
• |
Clifford G. Fox (since 2005),
Senior Managing Director/Portfolio
Manager |
• |
Michael Iacono (since 2008),
Managing Director/Co-Portfolio Manager |
• |
Katerina Wasserman (since
2010), Managing Director/Co-Portfolio Manager
|
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
J |
Initial
Investment |
$1,000(1) |
J |
Initial Investment for accounts
with an Automatic Investment Plan (AIP) |
$100 |
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible
purchasers. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks long-term
growth of capital. |
Share
Class | |||||||
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is paid, whichever is less) |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class | |||||||
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.97% |
0.97% |
0.97% |
0.97% |
0.97% |
0.97% |
0.97% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.23% |
— |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Total Annual
Fund Operating Expenses |
1.45% |
0.97% |
1.85% |
1.72% |
1.54% |
1.35% |
1.23% |
Fee Waiver(2)(3)
|
(0.03)% |
(0.02)% |
(0.02)% |
(0.02)% |
(0.02)% |
(0.02)% |
(0.02)% |
Total Annual
Fund Operating Expenses after Fee Waiver |
1.42% |
0.95% |
1.83% |
1.70% |
1.52% |
1.33% |
1.21% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | |||||||
(2) Principal
Management Corporation ("Principal"), the investment advisor, has
contractually agreed to limit the Fund's Management Fees through the
period ending February 28, 2015. The fee waiver will reduce the Fund's
Management Fees by 0.022% (expressed as a percent of average net assets on
an annualized basis). It is expected that the fee waiver will continue
through the period disclosed; however, Principal Funds, Inc. and
Principal, the parties to the agreement may agree to terminate the fee
waiver prior to the end of the period. | |||||||
(3) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
J |
$245 |
$455 |
$789 |
$1,732 | ||||
Institutional
Class |
97 |
|
307 |
|
534 |
|
1,188 |
|
Class
R-1 |
186 |
|
579 |
|
998 |
|
2,167 |
|
Class
R-2 |
173 |
|
540 |
|
931 |
|
2,028 |
|
Class
R-3 |
155 |
|
484 |
|
837 |
|
1,833 |
|
Class
R-4 |
135 |
|
425 |
|
737 |
|
1,622 |
|
Class
R-5 |
123 |
|
388 |
|
673 |
|
1,487 |
|
1
year |
3
years |
5
years |
10
years | |
Class
J |
$145 |
$455 |
$789 |
$1,732 |
• |
For Classes J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q3
'09 |
20.43 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(28.66 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Institutional
Class Return Before Taxes |
35.62% |
21.26% |
8.47% |
Institutional
Class Return After Taxes on Distributions |
28.80% |
19.92% |
7.71% |
Institutional
Class Return After Taxes on Distribution and Sale of Fund
Shares |
23.29% |
17.19% |
6.85% |
Class J
Return Before Taxes |
33.89% |
20.62% |
7.76% |
Class R-1
Return Before Taxes |
34.37% |
20.23% |
7.53% |
Class R-2
Return Before Taxes |
34.53% |
20.37% |
7.66% |
Class R-3
Return Before Taxes |
34.81% |
20.54% |
7.85% |
Class R-4
Return Before Taxes |
34.94% |
20.78% |
8.05% |
Class R-5
Return Before Taxes |
35.08% |
20.89% |
8.18% |
Russell Midcap Growth Index
(reflects no deduction for fees, expenses, or taxes) |
35.74% |
23.37% |
9.77% |
• |
James W. Fennessey (since
2009), Portfolio Manager |
• |
Randy L. Welch (since 2009),
Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
J |
Initial
Investment |
$1,000(1) |
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks long-term
growth of capital. |
Share
Class | |||||||
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is paid, whichever is less) |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class | |||||||
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.15% |
0.15% |
0.15% |
0.15% |
0.15% |
0.15% |
0.15% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.25% |
0.06% |
0.54% |
0.46% |
0.33% |
0.29% |
0.27% |
Acquired Fund Fees and
Expenses |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
Total Annual
Fund Operating Expenses |
0.66% |
0.22% |
1.05% |
0.92% |
0.74% |
0.55% |
0.43% |
Fee Waiver and Expense
Reimbursement(2)(3) |
(0.01)% |
—% |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
0.65% |
0.22% |
1.05% |
0.92% |
0.74% |
0.55% |
0.43% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | |||||||
(2) Principal
Management Corporation ("Principal"), the investment advisor, has
contractually agreed to limit the Fund’s expenses by paying, if necessary,
expenses normally payable by the Fund, (excluding interest expense,
expenses related to fund investments, acquired fund fees and expenses, and
other extraordinary expenses) to maintain a total level of operating
expenses (expressed as a percent of average net assets on an annualized
basis) not to exceed 0.25% for Institutional class shares. It is expected
that the expense limit will continue through the period ending February
28, 2015; however, Principal Funds, Inc. and Principal, the parties to the
agreement, may agree to terminate the expense limit prior to the end of
the period. | |||||||
(3) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
J |
$166 |
$210 |
$367 |
$821 | ||||
Institutional
Class |
23 |
|
71 |
|
124 |
|
280 |
|
Class
R-1 |
107 |
|
334 |
|
579 |
|
1,283 |
|
Class
R-2 |
94 |
|
293 |
|
509 |
|
1,131 |
|
Class
R-3 |
76 |
|
237 |
|
411 |
|
918 |
|
Class
R-4 |
56 |
|
176 |
|
307 |
|
689 |
|
Class
R-5 |
44 |
|
138 |
|
241 |
|
542 |
|
1
year |
3
years |
5
years |
10
years | |
Class
J |
$66 |
$210 |
$367 |
$821 |
Note: |
“Standard & Poor's MidCap
400" and "S&P MidCap 400" are trademarks of The McGraw-Hill Companies,
Inc. and have been licensed by Principal. The Fund is not sponsored,
endorsed, sold or promoted by Standard & Poor's and Standard &
Poor's makes no representation regarding the advisability of investing in
the Fund. |
• |
For Class J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q3
'09 |
19.87 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(25.73 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Institutional
Class Return Before Taxes |
33.13% |
21.60% |
10.12% |
Institutional
Class Return After Taxes on Distributions |
31.73% |
20.86% |
9.27% |
Institutional
Class Return After Taxes on Distribution and Sale of Fund
Shares |
19.70% |
17.77% |
8.28% |
Class J
Return Before Taxes |
31.58% |
20.93% |
9.42% |
Class R-1
Return Before Taxes |
32.00% |
20.58% |
9.17% |
Class R-2
Return Before Taxes |
32.22% |
20.74% |
9.32% |
Class R-3
Return Before Taxes |
32.41% |
20.95% |
9.52% |
Class R-4
Return Before Taxes |
32.70% |
21.18% |
9.72% |
Class R-5
Return Before Taxes |
32.84% |
21.33% |
9.86% |
S&P Midcap 400 Index
(reflects no deduction for fees, expenses, or taxes) |
33.50% |
21.89% |
10.36% |
(1)
|
The Fund is showing after-tax
returns for Institutional Class shares after combining separate
prospectuses. |
• |
Thomas L. Kruchten (since
2011), Research Analyst and Portfolio
Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
J |
Initial
Investment |
$1,000(1) |
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks long-term
growth of capital. |
Share
Class | |||||||
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is paid, whichever is less) |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class | |||||||
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees
|
0.98% |
0.98% |
0.98% |
0.98% |
0.98% |
0.98% |
0.98% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.22% |
0.02% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Acquired Fund Fees and
Expenses |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
Total Annual
Fund Operating Expenses |
1.46% |
1.01% |
1.87% |
1.74% |
1.56% |
1.37% |
1.25% |
Fee Waiver
(2)(3) |
(0.07)% |
(0.06)% |
(0.06)% |
(0.06)% |
(0.06)% |
(0.06)% |
(0.06)% |
Total Annual
Fund Operating Expenses after Fee Waiver |
1.39% |
0.95% |
1.81% |
1.68% |
1.50% |
1.31% |
1.19% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | |||||||
(2) Principal
Management Corporation ("Principal"), the investment advisor, has
contractually agreed to limit the Fund's Management Fees through the
period ending February 28, 2015. The fee waiver will reduce the Fund's
Management Fees by 0.06% (expressed as a percent of average net assets on
an annualized basis). It is expected that the fee waiver will continue
through the period disclosed; however, Principal Funds, Inc. and
Principal, the parties to the agreement may agree to terminate the fee
waiver prior to the end of the period. | |||||||
(3) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
J |
$242 |
$454 |
$790 |
$1,739 | ||||
Institutional
Class |
97 |
|
315 |
|
551 |
|
1,230 |
|
Class
R-1 |
184 |
|
581 |
|
1,004 |
|
2,185 |
|
Class
R-2 |
171 |
|
541 |
|
937 |
|
2,046 |
|
Class
R-3 |
153 |
|
486 |
|
843 |
|
1,850 |
|
Class
R-4 |
133 |
|
427 |
|
743 |
|
1,640 |
|
Class
R-5 |
121 |
|
390 |
|
680 |
|
1,505 |
|
1
year |
3
years |
5
years |
10
years | |
Class
J |
$142 |
$454 |
$790 |
$1,739 |
• |
For Classes J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q3
'09 |
22.38 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(23.74 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
Life of
Fund |
Institutional
Class Return Before Taxes |
33.63% |
20.28% |
10.50% |
Institutional
Class Return After Taxes on Distributions |
24.49% |
18.40% |
9.01% |
Institutional
Class Return After Taxes on Distribution and Sale of Fund
Shares |
22.71% |
16.14% |
8.35% |
Class J
Return Before Taxes |
32.07% |
19.58% |
9.83% |
Class R-1
Return Before Taxes |
32.45% |
19.26% |
9.55% |
Class R-2
Return Before Taxes |
32.61% |
19.40% |
9.69% |
Class R-3
Return Before Taxes |
32.88% |
19.60% |
9.88% |
Class R-4
Return Before Taxes |
33.11% |
19.84% |
10.08% |
Class R-5
Return Before Taxes |
33.21% |
19.98% |
10.22% |
Russell Midcap Value Index
(reflects no deduction for fees, expenses, or taxes) |
33.46% |
21.16% |
10.25% |
(1)
|
The Fund is showing returns for
Institutional Class shares after combining separate prospectuses.
|
• |
James W. Fennessey (since
2009), Portfolio Manager |
• |
Randy L. Welch (since 2009),
Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
J |
Initial
Investment |
$1,000(1) |
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks long-term
growth of capital. |
Share
Class | ||||||||||
A |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 |
R-6 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
None |
None |
Share
Class | ||||||||||
A |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 |
R-6 | |
Management Fees |
0.65% |
0.65% |
0.65% |
0.65% |
0.65% |
0.65% |
0.65% |
0.65% |
0.65% |
0.65% |
Distribution and/or Service
(12b-1) Fees(1) |
0.25% |
0.25% |
N/A |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
N/A |
Other Expenses
(2) |
0.40% |
0.17% |
0.27% |
0.02% |
0.54% |
0.46% |
0.33% |
0.29% |
0.27% |
0.08% |
Acquired Fund Fees and
Expenses |
0.04% |
0.04% |
0.04% |
0.04% |
0.04% |
0.04% |
0.04% |
0.04% |
0.04% |
0.04% |
Total Annual
Fund Operating Expenses |
1.34% |
1.11% |
0.96% |
0.71% |
1.58% |
1.45% |
1.27% |
1.08% |
0.96% |
0.77% |
Fee Waiver and Expense
Reimbursement(3)(4)(5)(6)(7) |
(0.01)% |
(0.02)% |
(0.08)% |
(0.01)% |
(0.01)% |
(0.01)% |
(0.01)% |
(0.01)% |
(0.01)% |
(0.04)% |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
1.33% |
1.09% |
0.88% |
0.70% |
1.57% |
1.44% |
1.26% |
1.07% |
0.95% |
0.73% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J were
reduced. | ||||||||||
(2) Based on estimated expenses
for the current fiscal year (Classes A, P, and R-6). | ||||||||||
(3) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund's Management Fees through the period ending
February 28, 2015. The fee waiver will reduce the Fund's Management Fees
by 0.014% (expressed as a percent of average net assets on an annualized
basis). It is expected that the fee waiver will continue through the
period disclosed; however, Principal Funds, Inc. and Principal, the
parties to the agreement may agree to terminate the fee waiver prior to
the end of the period. | ||||||||||
(4) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund's Management Fees through the period ending
February 29, 2016. The fee waiver will reduce the Fund's Management Fees
by 0.014% (expressed as a percent of average net assets on an annualized
basis). It is expected that the fee waiver will continue through the
period disclosed; however, Principal Funds, Inc. and Principal, the
parties to the agreement may agree to terminate the fee waiver prior to
the end of the period. | ||||||||||
(5) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund's expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 1.30% for Class A, and 0.69% for Class R-6 shares. In addition,
for Class P, the expense limit will maintain "Other Expenses" (expressed
as a percent of average net assets on an annualized basis) not to exceed
0.20% (excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses). It is
expected that the expense limit will continue through the period ending
February 29, 2016; however, Principal Funds, Inc. and Principal, the
parties to the agreement, may agree to terminate the expense limit prior
to the end of the period. | ||||||||||
(6) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. | ||||||||||
(7) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 0.736% for Institutional class shares. It is expected that the
expense limit will continue through the period ending February 28, 2015;
however, Principal Funds, Inc. and Principal, the parties to the
agreement, may agree to terminate the expense limit prior to the end of
the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$678 |
$949 |
|
| ||||
Class
J |
211 |
|
351 |
|
$609 |
$1,350 | ||
Class P
|
90 |
|
288 |
|
|
|
|
|
Institutional
Class |
72 |
|
226 |
|
394 |
|
881 |
|
Class
R-1 |
160 |
|
498 |
|
859 |
|
1,877 |
|
Class
R-2 |
147 |
|
457 |
|
791 |
|
1,734 |
|
Class
R-3 |
128 |
|
402 |
|
696 |
|
1,533 |
|
Class
R-4 |
109 |
|
342 |
|
594 |
|
1,316 |
|
Class
R-5 |
97 |
|
305 |
|
530 |
|
1,177 |
|
Class
R-6 |
75 |
|
241 |
|
|
|
|
|
1
year |
3
years |
5
years |
10
years | |
Class
J |
$111 |
$351 |
$609 |
$1,350 |
• |
For Classes A, J, and P -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, R-5, and R-6 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q3
'09 |
19.13 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(22.51 |
)% |
(1)
|
The Fund is showing returns for
Class A shares after combining separate prospectuses.
|
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
28.51% |
18.74% |
8.34% |
Class A
Return After Taxes on Distributions |
27.03% |
18.16% |
7.21% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
16.65% |
15.06% |
6.48% |
Class J
Return Before Taxes |
35.31% |
20.23% |
8.99% |
Class P
Return Before Taxes |
36.06% |
20.14% |
9.02% |
Institutional
Class Return Before Taxes |
36.83% |
20.89% |
9.91% |
Class R-1
Return Before Taxes |
35.70% |
19.77% |
8.68% |
Class R-2
Return Before Taxes |
35.84% |
19.93% |
8.82% |
Class R-3
Return Before Taxes |
36.06% |
20.14% |
9.02% |
Class R-4
Return Before Taxes |
36.35% |
20.39% |
9.22% |
Class R-5
Return Before Taxes |
36.53% |
20.52% |
9.35% |
Class R-6
Return Before Taxes |
36.06% |
20.14% |
9.02% |
Russell Midcap Value Index
(reflects no deduction for fees, expenses, or taxes) |
33.46% |
21.16% |
10.25% |
(1)
|
The Fund is showing after-tax
returns for Class A shares after combining separate prospectuses.
|
• |
James W. Fennessey (since
2010), Portfolio Manager |
• |
Randy L. Welch (since 2010),
Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A and
J |
Initial
Investment |
$1,000(1) |
A and
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A and
J |
Subsequent
Investments |
$100(1)(2) |
P,
Institutional, R-1, R-2, R-3, R-4, R-5, and R-6 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks as high a level
of current income as is considered consistent with preservation of
principal and maintenance of liquidity. |
Share
Class | ||||
A |
C |
J |
Inst. | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
1.00% |
None |
Share
Class | ||||
A |
C |
J |
Inst. | |
Management Fees |
0.39% |
0.39% |
0.39% |
0.39% |
Distribution and/or Service
(12b-1) Fees |
—% |
1.00% |
0.25% |
0.02% |
Other Expenses |
0.15% |
0.27% |
0.18% |
|
Acquired Fund Fees and
Expenses |
0.01% |
0.01% |
0.01% |
0.01% |
Total Annual
Fund Operating Expenses |
0.55% |
1.67% |
0.83% |
0.42% |
Fee Waiver and Expense
Reimbursement(1) (2) |
N/A |
—% |
(0.01)% |
N/A |
Total Annual
Fund Operating Expenses after Expense Reimbursement |
0.55% |
1.67% |
0.82% |
0.42% |
(1) Principal Funds
Distributor, Inc. ("the Distributor") has contractually agreed to limit
the Distribution Fees attributable to Class J. The limit will maintain the
level of Distribution Fees not to exceed 0.24%. It is expected that the
fee waiver will continue through the period ending February 28, 2015;
however, Principal Funds, Inc. and the Distributor, the parties to the
agreement, may agree to terminate the fee waiver prior to the end of the
period. | ||||
(2) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 1.79% for Class C shares. It is expected that the expense limit
will continue through the period ending February 28, 2015; however,
Principal Funds, Inc. and Principal, the parties to the agreement, may
agree to terminate the expense limit prior to the end of the
period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$56 |
$176 |
$307 |
$689 | ||||
Class
C |
270 |
|
526 |
|
907 |
|
1,976 |
|
Class
J |
184 |
|
264 |
|
459 |
|
1,024 |
|
Institutional
Class |
43 |
|
135 |
|
235 |
|
530 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
170 |
|
526 |
|
907 |
|
1,976 |
|
Class
J |
84 |
|
264 |
|
459 |
|
1,024 |
|
• |
For Classes A, C, and J -
www.principalfunds.com. |
• |
For Institutional Class -
www.principal.com. |
Highest
return for a quarter during the period of the bar chart
above: |
Q3
'07 |
1.24 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'13 |
0.00 |
% |
(1)
|
The Fund is showing returns for
Class A shares after combining separate prospectuses.
|
Average
Annual Total Returns | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
0.00% |
0.04% |
1.51% |
Class C
Return Before Taxes |
(1.00)% |
0.01% |
0.97% |
Class J
Return Before Taxes |
(1.00)% |
0.01% |
1.30% |
Institutional
Class Return Before Taxes |
0.00% |
0.05% |
1.65% |
Barclays U.S. Treasury
Bellwethers 3 Month Index (reflects no deduction for fees, expenses, or
taxes) |
0.08% |
0.14% |
1.71% |
• |
Tracy Reeg (since 2004),
Portfolio Manager |
• |
Alice Robertson (since 2000),
Trader and Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A, C, and
J |
Initial
Investment |
$1,000(1) |
A, C, and
J |
Initial Investment for accounts
with an Automatic Investment Plan (AIP) |
$100 |
A, C, and
J |
Subsequent
Investments |
$100(1)(2) |
Institutional |
There are no minimum initial or
subsequent investment requirements for eligible
purchasers. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks long-term
growth of capital. |
Share
Class | ||||||
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5
| |
Management Fees |
1.07% |
1.07% |
1.07% |
1.07% |
1.07% |
1.07% |
Distribution and/or Service
(12b-1) Fees |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.03% |
0.55% |
0.47% |
0.34% |
0.30% |
0.28% |
Total Annual
Fund Operating Expenses |
1.10% |
1.97% |
1.84% |
1.66% |
1.47% |
1.35% |
Fee Waiver(1) |
(0.03)% |
(0.03)% |
(0.03)% |
(0.03)% |
(0.03)% |
(0.03)% |
Total Annual
Fund Operating Expenses after Fee Waiver |
1.07% |
1.94% |
1.81% |
1.63% |
1.44% |
1.32% |
(1) Principal
Management Corporation has contractually agreed to limit the Fund's
Management Fees through the period ending February 28, 2015. The fee
waiver will reduce the Fund's Management Fees by 0.03% (expressed as a
percent of average net assets on an annualized basis). It is expected that
the fee waiver will continue through the period disclosed; however,
Principal Funds, Inc. and Principal, the parties to the agreement may
agree to terminate the fee waiver prior to the end of the
period. |
1
year |
3
years |
5
years |
10
years | |||||
Institutional
Class |
$109 |
$346 |
$603 |
$1,337 | ||||
Class
R-1 |
197 |
|
615 |
|
1,059 |
|
2,293 |
|
Class
R-2 |
184 |
|
575 |
|
992 |
|
2,156 |
|
Class
R-3 |
166 |
|
520 |
|
899 |
|
1,962 |
|
Class
R-4 |
147 |
|
461 |
|
799 |
|
1,754 |
|
Class
R-5 |
134 |
|
424 |
|
736 |
|
1,621 |
|
• |
companies with their principal
place of business or principal office outside the U.S.
or |
• |
companies whose principal
securities trading market is outside the
U.S. |
Highest
return for a quarter during the period of the bar chart
above: |
Q2'
09 |
22.88 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q3'
11 |
(21.11 |
)% |
Average
Annual Total Returns | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Year |
Life of
Fund |
Institutional
Class Return Before Taxes |
21.70% |
12.11% |
8.88% |
Institutional
Class Return After Taxes on Distributions |
19.95% |
11.07% |
7.91% |
Institutional
Class Return After Taxes on Distribution and Sale of Fund
Shares |
13.85% |
9.86% |
7.20% |
Class R-1
Return Before Taxes |
20.63% |
11.14% |
7.93% |
Class R-2
Return Before Taxes |
20.85% |
11.30% |
8.08% |
Class R-3
Return Before Taxes |
20.99% |
11.48% |
8.25% |
Class R-4
Return Before Taxes |
21.21% |
11.71% |
8.47% |
Class R-5
Return Before Taxes |
21.37% |
11.84% |
8.60% |
MSCI EAFE Value Index (reflects
no deduction for fees, expenses, or taxes) |
22.95% |
11.99% |
6.80% |
• |
James W. Fennessey (since
2009), Portfolio Manager |
• |
Randy L. Welch (since 2009),
Portfolio Manager |
Objective: |
The Fund seeks to provide
long-term growth of capital. |
Share
Class | |||||||||
A |
C |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
None |
Share
Class | |||||||||
A |
C |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.47% |
0.47% |
0.47% |
0.47% |
0.47% |
0.47% |
0.47% |
0.47% |
0.47% |
Distribution and/or Service
(12b-1) Fees |
0.25% |
1.00% |
N/A |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.18% |
0.26% |
0.21% |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Total Annual
Fund Operating Expenses |
0.90% |
1.73% |
0.68% |
0.48% |
1.35% |
1.22% |
1.04% |
0.85% |
0.73% |
Expense
Reimbursement(1) |
N/A |
—% |
(0.01)% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Expense Reimbursement |
0.90% |
1.73% |
0.67% |
0.48% |
1.35% |
1.22% |
1.04% |
0.85% |
0.73% |
(1) Principal
Management Corporation ("Principal"), the investment advisor, has
contractually agreed to limit the Fund’s expenses by paying, if necessary,
expenses normally payable by the Fund, (excluding interest expense,
expenses related to fund investments, acquired fund fees and expenses, and
other extraordinary expenses) to maintain a total level of operating
expenses (expressed as a percent of average net assets on an annualized
basis) not to exceed 1.82% for Class C shares. In addition, for Class P,
the expense limit will maintain "Other Expenses" (expressed as a percent
of average net assets on an annualized basis) not to exceed 0.20%,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses). It is
expected that the expense limit will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and Principal, the
parties to the agreement, may agree to terminate the expense limit prior
to the end of the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$637 |
$821 |
$1,021 |
$1,597 | ||||
Class
C |
276 |
|
545 |
|
939 |
|
2,041 |
|
Class
P |
68 |
|
216 |
|
378 |
|
845 |
|
Institutional
Class |
49 |
|
154 |
|
269 |
|
604 |
|
Class
R-1 |
137 |
|
428 |
|
739 |
|
1,624 |
|
Class
R-2 |
124 |
|
387 |
|
670 |
|
1,477 |
|
Class
R-3 |
106 |
|
331 |
|
574 |
|
1,271 |
|
Class
R-4 |
87 |
|
271 |
|
471 |
|
1,049 |
|
Class
R-5 |
75 |
|
233 |
|
406 |
|
906 |
|
1
year |
3
years |
5
years |
10
years | |
Class
C |
$176 |
$545 |
$939 |
$2,041 |
• |
For Classes A, C, and P -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
16.44 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(22.78 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
25.16% |
16.06% |
7.59% |
Class A
Return After Taxes on Distributions |
24.30% |
15.57% |
7.04% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
14.92% |
13.05% |
6.21% |
Class C
Return Before Taxes |
30.34% |
16.32% |
7.24% |
Class P
Return Before Taxes |
32.73% |
17.57% |
8.29% |
Institutional
Class Return Before Taxes |
32.99% |
17.90% |
8.64% |
Class R-1
Return Before Taxes |
31.82% |
16.88% |
7.68% |
Class R-2
Return Before Taxes |
32.00% |
17.03% |
7.81% |
Class R-3
Return Before Taxes |
32.22% |
17.25% |
8.01% |
Class R-4
Return Before Taxes |
32.49% |
17.44% |
8.20% |
Class R-5
Return Before Taxes |
32.65% |
17.55% |
8.28% |
Russell 3000 Index (reflects no
deduction for fees, expenses, or taxes) |
33.55% |
18.71% |
7.88% |
(1)
|
The Fund is showing after-tax
returns for Class A shares after combining separate prospectuses.
|
• |
Daniel R. Coleman (since
2010), Head of Equities, Portfolio
Manager |
• |
Philip M. Foreman (since
2002), Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A and
C |
Initial
Investment |
$1,000(1) |
A and
C |
Initial Investment for accounts
with an Automatic Investment Plan (AIP) |
$100 |
A and
C |
Subsequent
Investments |
$100(1)(2) |
P,
Institutional, R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible
purchasers. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks current income,
and as a secondary objective, capital
appreciation. |
Share
Class | ||||||||
A |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
3.75% |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class | ||||||||
A |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.22% |
0.09% |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Acquired Fund Fees and
Expenses |
0.59% |
0.59% |
0.59% |
0.59% |
0.59% |
0.59% |
0.59% |
0.59% |
Total Annual
Fund Operating Expenses |
1.09% |
0.96% |
0.63% |
1.50% |
1.37% |
1.19% |
1.00% |
0.88% |
Fee Waiver and Expense
Reimbursement(2) (3) |
(0.09)% |
(0.01)% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
1.00% |
0.95% |
0.63% |
1.50% |
1.37% |
1.19% |
1.00% |
0.88% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | ||||||||
(2) Principal Funds
Distributor, Inc. ("the Distributor") has contractually agreed to limit
the Distribution Fees attributable to Class J. The limit will maintain the
level of Distribution Fees not to exceed 0.24%. It is expected that the
fee waiver will continue through the period ending February 28, 2015;
however, Principal Funds, Inc. and the Distributor, the parties to the
agreement, may agree to terminate the fee waiver prior to the end of the
period. | ||||||||
(3) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 0.41% for Class A shares. It is expected that the expense limit
will continue through the period ending February 28, 2015; however,
Principal Funds, Inc. and Principal, the parties to the agreement, may
agree to terminate the expense limit prior to the end of the
period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$473 |
$699 |
$944 |
$1,645 | ||||
Class
J |
197 |
|
305 |
|
530 |
|
1,177 |
|
Institutional
Class |
64 |
|
202 |
|
351 |
|
786 |
|
Class
R-1 |
153 |
|
474 |
|
818 |
|
1,791 |
|
Class
R-2 |
139 |
|
434 |
|
750 |
|
1,646 |
|
Class
R-3 |
121 |
|
378 |
|
654 |
|
1,443 |
|
Class
R-4 |
102 |
|
318 |
|
552 |
|
1,225 |
|
Class
R-5 |
90 |
|
281 |
|
488 |
|
1,084 |
|
1
year |
|
3
years |
5
years |
10
years | ||||
Class
J |
97 |
|
305 |
|
530 |
|
1,177 |
|
• |
For Classes A and J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q3
'09 |
9.69 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(11.34 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
1.08% |
8.29% |
3.66% |
Class A
Return After Taxes on Distributions |
0.37% |
7.37% |
2.57% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
0.70% |
6.20% |
2.50% |
Class J
Return Before Taxes |
4.06% |
9.06% |
4.10% |
Institutional
Class Return Before Taxes |
5.39% |
9.50% |
4.62% |
Class R-1
Return Before Taxes |
4.53% |
8.55% |
3.71% |
Class R-2
Return Before Taxes |
4.66% |
8.71% |
3.87% |
Class R-3
Return Before Taxes |
4.81% |
8.88% |
4.03% |
Class R-4
Return Before Taxes |
5.02% |
9.11% |
4.23% |
Class R-5
Return Before Taxes |
5.13% |
9.24% |
4.37% |
S&P Target Date Retirement
Income Index (reflects no deduction for fees, expenses, or
taxes) |
6.28% |
7.62% |
4.85% |
• |
James W. Fennessey (since
2007), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2011),
Portfolio Manager |
• |
Randy L. Welch (since 2007),
Portfolio Manager |
• |
Matthew Annenberg (since
2013), Managing Director, Asset Allocation
|
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A and
J |
Initial
Investment |
$1,000(1) |
A and
J |
Initial Investment for accounts
with an Automatic Investment Plan (AIP) |
$100 |
A and
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible
purchasers. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share
Class | ||||||||
A |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
3.75% |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class | ||||||||
A |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.20% |
0.06% |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Acquired Fund Fees and
Expenses |
0.63% |
0.63% |
0.63% |
0.63% |
0.63% |
0.63% |
0.63% |
0.63% |
Total Annual
Fund Operating Expenses |
1.11% |
0.97% |
0.67% |
1.54% |
1.41% |
1.23% |
1.04% |
0.92% |
Fee Waiver and Expense
Reimbursement(2) (3) |
(0.07)% |
(0.01)% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
1.04% |
0.96% |
0.67% |
1.54% |
1.41% |
1.23% |
1.04% |
0.92% |
(1) Expense
information in the table has been restated to reflect current fees.
Effective December 30, 2013, the Distribution and/or Service (12b-1) Fees
for Class J shares were reduced. | ||||||||
(2) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. | ||||||||
(3)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund’s
expenses by paying, if necessary, expenses normally payable by the Fund,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses) to
maintain a total level of operating expenses (expressed as a percent of
average net assets on an annualized basis) not to exceed 0.41% for Class A
shares. It is expected that the expense limit will continue through the
period ending February 28, 2015; however, Principal Funds, Inc. and
Principal, the parties to the agreement, may agree to terminate the
expense limit prior to the end of the period.
|
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$477 |
$707 |
$956 |
$1,669 | ||||
Class
J |
198 |
|
308 |
|
535 |
|
1,189 |
|
Institutional
Class |
68 |
|
214 |
|
373 |
|
835 |
|
Class
R-1 |
157 |
|
486 |
|
839 |
|
1,834 |
|
Class
R-2 |
144 |
|
446 |
|
771 |
|
1,691 |
|
Class
R-3 |
125 |
|
390 |
|
676 |
|
1,489 |
|
Class
R-4 |
106 |
|
331 |
|
574 |
|
1,271 |
|
Class
R-5 |
94 |
|
293 |
|
509 |
|
1,131 |
|
1
year |
3
years |
5
years |
10
years | |
Class
J |
$98 |
$308 |
$535 |
$1,189 |
• |
For Classes A and J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
13.95 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(16.36 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
6.43% |
11.08% |
4.52% |
Class A
Return After Taxes on Distributions |
5.79% |
10.34% |
3.64% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
3.76% |
8.57% |
3.31% |
Class J
Return Before Taxes |
9.63% |
11.92% |
5.02% |
Institutional
Class Return Before Taxes |
10.93% |
12.34% |
5.50% |
Class R-1
Return Before Taxes |
10.02% |
11.36% |
4.57% |
Class R-2
Return Before Taxes |
10.09% |
11.51% |
4.71% |
Class R-3
Return Before Taxes |
10.39% |
11.72% |
4.90% |
Class R-4
Return Before Taxes |
10.57% |
11.94% |
5.11% |
Class R-5
Return Before Taxes |
10.67% |
12.04% |
5.24% |
S&P Target Date 2010 Index
(reflects no deduction for fees, expenses, or taxes) |
9.42% |
9.16% |
5.47% |
(1)
|
The Fund is showing after-tax
returns for Class A shares after combining separate prospectuses.
|
• |
James W. Fennessey (since
2007), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2011),
Portfolio Manager |
• |
Randy L. Welch (since 2007),
Portfolio Manager |
• |
Matthew Annenberg (since
2013), Managing Director, Asset
Allocation |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A and
J |
Initial
Investment |
$1,000(1) |
A and
J |
Initial Investment for accounts
with an Automatic Investment Plan (AIP) |
$100 |
A and
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible
purchasers. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share
Class | ||||||
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5
| |
Management Fees |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
Distribution and/or Service
(12b-1) Fees |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Acquired Fund Fees and
Expenses |
0.65% |
0.65% |
0.65% |
0.65% |
0.65% |
0.65% |
Total Annual
Fund Operating Expenses |
0.69% |
1.56% |
1.43% |
1.25% |
1.06% |
0.94% |
1
year |
3
years |
5
years |
10
years | |||||
Institutional
Class |
$70 |
$221 |
$384 |
$859 | ||||
Class
R-1 |
159 |
|
493 |
|
850 |
|
1,856 |
|
Class
R-2 |
146 |
|
452 |
|
782 |
|
1,713 |
|
Class
R-3 |
127 |
|
397 |
|
686 |
|
1,511 |
|
Class
R-4 |
108 |
|
337 |
|
585 |
|
1,294 |
|
Class
R-5 |
96 |
|
300 |
|
520 |
|
1,155 |
|
Highest
return for a quarter during the period of the bar chart
above: |
Q3
'09 |
14.34 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q3
'11 |
(10.77 |
)% |
Average
Annual Total Returns | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Year |
Life of
Fund |
Institutional
Class Return Before Taxes |
13.51% |
12.89% |
5.21% |
Institutional
Class Return After Taxes on Distributions |
11.78% |
11.67% |
4.14% |
Institutional
Class Return After Taxes on Distribution and Sale of Fund
Shares |
8.45% |
10.03% |
3.81% |
Class R-1
Return Before Taxes |
12.52% |
11.89% |
4.21% |
Class R-2
Return Before Taxes |
12.56% |
12.04% |
4.35% |
Class R-3
Return Before Taxes |
12.83% |
12.23% |
4.52% |
Class R-4
Return Before Taxes |
13.08% |
12.48% |
4.74% |
Class R-5
Return Before Taxes |
13.17% |
12.61% |
4.86% |
S&P Target Date 2015 Index
(reflects no deduction for fees, expenses, or taxes) |
12.16% |
10.54% |
5.39% |
• |
James W. Fennessey (since
2008), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2011),
Portfolio Manager |
• |
Randy L. Welch (since 2008),
Portfolio Manager |
• |
Matthew Annenberg (since
2013), Managing Director, Asset Allocation
|
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share
Class | ||||||||
A |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class | ||||||||
A |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
Distribution and/or Service
(12b-1) Fees(1) |
0.25% |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.17% |
0.07% |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Acquired Fund Fees and
Expenses |
0.67% |
0.67% |
0.67% |
0.67% |
0.67% |
0.67% |
0.67% |
0.67% |
Total Annual
Fund Operating Expenses |
1.12% |
1.02% |
0.71% |
1.58% |
1.45% |
1.27% |
1.08% |
0.96% |
Fee Waiver and Expense
Reimbursement(2) (3) |
(0.04)% |
(0.01)% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
1.08% |
1.01% |
0.71% |
1.58% |
1.45% |
1.27% |
1.08% |
0.96% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | ||||||||
(2) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. | ||||||||
(3)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund’s
expenses by paying, if necessary, expenses normally payable by the Fund,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses) to
maintain a total level of operating expenses (expressed as a percent of
average net assets on an annualized basis) not to exceed 0.41% for Class A
shares. It is expected that the expense limit will continue through the
period ending February 28, 2015; however, Principal Funds, Inc. and
Principal, the parties to the agreement, may agree to terminate the
expense limit prior to the end of the period.
|
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$654 |
$882 |
$1,129 |
$1,834 | ||||
Class
J |
203 |
|
324 |
|
562 |
|
1,247 |
|
Institutional
Class |
73 |
|
227 |
|
395 |
|
883 |
|
Class
R-1 |
161 |
|
499 |
|
860 |
|
1,878 |
|
Class
R-2 |
148 |
|
459 |
|
792 |
|
1,735 |
|
Class
R-3 |
129 |
|
403 |
|
697 |
|
1,534 |
|
Class
R-4 |
110 |
|
343 |
|
595 |
|
1,317 |
|
Class
R-5 |
98 |
|
306 |
|
531 |
|
1,178 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
J |
103 |
|
324 |
|
562 |
|
1,247 |
|
• |
For Classes A and J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
15.99 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(18.46 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
9.13% |
12.29% |
5.18% |
Class A
Return After Taxes on Distributions |
8.26% |
11.61% |
4.36% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
5.52% |
9.63% |
3.90% |
Class J
Return Before Taxes |
14.63% |
13.56% |
5.87% |
Institutional
Class Return Before Taxes |
15.90% |
13.99% |
6.37% |
Class R-1
Return Before Taxes |
14.98% |
13.01% |
5.45% |
Class R-2
Return Before Taxes |
15.06% |
13.14% |
5.58% |
Class R-3
Return Before Taxes |
15.31% |
13.34% |
5.77% |
Class R-4
Return Before Taxes |
15.52% |
13.56% |
5.96% |
Class R-5
Return Before Taxes |
15.68% |
13.72% |
6.10% |
S&P Target Date 2020 Index
(reflects no deduction for fees, expenses, or taxes) |
14.76% |
11.75% |
6.26% |
• |
Randy L. Welch (since 2007),
Portfolio Manager |
• |
Matthew Annenberg (since
2013), Managing Director, Asset Allocation
|
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A and
J |
Initial
Investment |
$1,000(1) |
A and
J |
Initial Investment for accounts
with an Automatic Investment Plan (AIP) |
$100 |
A and
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible
purchasers. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share
Class | ||||||
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5
| |
Management Fees |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
Distribution and/or Service
(12b-1) Fees |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Acquired Fund Fees and
Expenses |
0.69% |
0.69% |
0.69% |
0.69% |
0.69% |
0.69% |
Total Annual
Fund Operating Expenses |
0.73% |
1.60% |
1.47% |
1.29% |
1.10% |
0.98% |
1
year |
3
years |
5
years |
10
years | |||||
Institutional
Class |
$75 |
$233 |
$406 |
$906 | ||||
Class
R-1 |
163 |
|
505 |
|
871 |
|
1,900 |
|
Class
R-2 |
150 |
|
465 |
|
803 |
|
1,757 |
|
Class
R-3 |
131 |
|
409 |
|
708 |
|
1,556 |
|
Class
R-4 |
112 |
|
350 |
|
606 |
|
1,340 |
|
Class
R-5 |
100 |
|
312 |
|
542 |
|
1,201 |
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
15.65 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q3
'11 |
(13.65 |
)% |
Average
Annual Total Returns | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Year |
Life of
Fund |
Institutional
Class Return Before Taxes |
17.50% |
14.18% |
5.50% |
Institutional
Class Return After Taxes on Distributions |
15.56% |
13.13% |
4.58% |
Institutional
Class Return After Taxes on Distribution and Sale of Fund
Shares |
10.82% |
11.20% |
4.12% |
Class R-1
Return Before Taxes |
16.49% |
13.22% |
4.59% |
Class R-2
Return Before Taxes |
16.63% |
13.34% |
4.72% |
Class R-3
Return Before Taxes |
16.95% |
13.55% |
4.89% |
Class R-4
Return Before Taxes |
17.15% |
13.78% |
5.11% |
Class R-5
Return Before Taxes |
17.32% |
13.92% |
5.24% |
S&P Target Date 2025 Index
(reflects no deduction for fees, expenses, or taxes) |
17.03% |
12.77% |
5.97% |
• |
James W. Fennessey (since
2008), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2011),
Portfolio Manager |
• |
Randy L. Welch (since 2008),
Portfolio Manager |
• |
Matthew Annenberg (since
2013), Managing Director, Asset Allocation
|
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share
Class | ||||||||
A |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class | ||||||||
A |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
Distribution and/or Service
(12b-1) Fees(1) |
0.25% |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.21% |
0.08% |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Acquired Fund Fees and
Expenses |
0.71% |
0.71% |
0.71% |
0.71% |
0.71% |
0.71% |
0.71% |
0.71% |
Total Annual
Fund Operating Expenses |
1.20% |
1.07% |
0.75% |
1.62% |
1.49% |
1.31% |
1.12% |
1.00% |
Fee Waiver and Expense
Reimbursement(2) (3) |
(0.08)% |
(0.01)% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
1.12% |
1.06% |
0.75% |
1.62% |
1.49% |
1.31% |
1.12% |
1.00% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | ||||||||
(2) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. | ||||||||
(3) Principal
Management Corporation ("Principal"), the investment advisor, has
contractually agreed to limit the Fund’s expenses by paying, if necessary,
expenses normally payable by the Fund, (excluding interest expense,
expenses related to fund investments, acquired fund fees and expenses, and
other extraordinary expenses) to maintain a total level of operating
expenses (expressed as a percent of average net assets on an annualized
basis) not to exceed 0.41% for Class A shares. It is expected that the
expense limit will continue through the period ending February 28, 2015;
however, Principal Funds, Inc. and Principal, the parties to the
agreement, may agree to terminate the expense limit prior to the end of
the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$658 |
$901 |
$1,165 |
$1,917 | ||||
Class
J |
208 |
|
339 |
|
589 |
|
1,305 |
|
Institutional
Class |
77 |
|
240 |
|
417 |
|
930 |
|
Class
R-1 |
165 |
|
511 |
|
881 |
|
1,922 |
|
Class
R-2 |
152 |
|
471 |
|
813 |
|
1,779 |
|
Class
R-3 |
133 |
|
415 |
|
718 |
|
1,579 |
|
Class
R-4 |
114 |
|
356 |
|
617 |
|
1,363 |
|
Class
R-5 |
102 |
|
318 |
|
552 |
|
1,225 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
J |
108 |
|
339 |
|
589 |
|
1,305 |
|
• |
For Classes A and J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
16.94 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(20.15 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
12.34% |
13.27% |
5.50% |
Class A
Return After Taxes on Distributions |
11.38% |
12.60% |
4.73% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
7.42% |
10.44% |
4.19% |
Class J
Return Before Taxes |
17.86% |
14.51% |
6.18% |
Institutional
Class Return Before Taxes |
19.26% |
14.95% |
6.72% |
Class R-1
Return Before Taxes |
18.25% |
13.95% |
5.79% |
Class R-2
Return Before Taxes |
18.46% |
14.11% |
5.93% |
Class R-3
Return Before Taxes |
18.59% |
14.30% |
6.11% |
Class R-4
Return Before Taxes |
18.82% |
14.52% |
6.31% |
Class R-5
Return Before Taxes |
18.99% |
14.68% |
6.45% |
S&P Target Date 2030 Index
(reflects no deduction for fees, expenses, or taxes) |
19.14% |
13.60% |
6.73% |
• |
James W. Fennessey (since
2007), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2011),
Portfolio Manager |
• |
Randy L. Welch (since 2007),
Portfolio Manager |
• |
Matthew Annenberg (since
2013), Managing Director, Asset Allocation
|
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A and
J |
Initial
Investment |
$1,000(1) |
A and
J |
Initial Investment for accounts
with an Automatic Investment Plan (AIP) |
$100 |
A and
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible
purchasers. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share
Class | ||||||
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5
| |
Management Fees |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
Distribution and/or Service
(12b-1) Fees |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Acquired Fund Fees and
Expenses |
0.72% |
0.72% |
0.72% |
0.72% |
0.72% |
0.72% |
Total Annual
Fund Operating Expenses |
0.76% |
1.63% |
1.50% |
1.32% |
1.13% |
1.01% |
1
year |
3
years |
5
years |
10
years | |||||
Institutional
Class |
$78 |
$243 |
$422 |
$942 | ||||
Class
R-1 |
166 |
|
514 |
|
887 |
|
1,933 |
|
Class
R-2 |
153 |
|
474 |
|
818 |
|
1,791 |
|
Class
R-3 |
134 |
|
418 |
|
723 |
|
1,590 |
|
Class
R-4 |
115 |
|
359 |
|
622 |
|
1,375 |
|
Class
R-5 |
103 |
|
322 |
|
558 |
|
1,236 |
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
16.61 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q3
'11 |
(15.22 |
)% |
Average
Annual Total Returns | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Year |
Life of
Fund |
Institutional
Class Return Before Taxes |
20.97% |
15.16% |
5.81% |
Institutional
Class Return After Taxes on Distributions |
19.08% |
14.22% |
4.99% |
Institutional
Class Return After Taxes on Distribution and Sale of Fund
Shares |
12.76% |
12.07% |
4.40% |
Class R-1
Return Before Taxes |
19.98% |
14.14% |
4.91% |
Class R-2
Return Before Taxes |
20.14% |
14.30% |
5.03% |
Class R-3
Return Before Taxes |
20.40% |
14.52% |
5.22% |
Class R-4
Return Before Taxes |
20.60% |
14.74% |
5.43% |
Class R-5
Return Before Taxes |
20.79% |
14.88% |
5.57% |
S&P Target Date 2035 Index
(reflects no deduction for fees, expenses, or taxes) |
20.84% |
14.27% |
6.16% |
• |
James W. Fennessey (since
2008), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2011),
Portfolio Manager |
• |
Randy L. Welch (since 2008),
Portfolio Manager |
• |
Matthew Annenberg (since
2013), Managing Director, Asset Allocation
|
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share
Class | ||||||||
|
A |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class | ||||||||
A |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
Distribution and/or Service
(12b-1) Fees (1)
|
0.25% |
1.00% |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
Other Expenses |
0.25% |
0.81% |
0.12% |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
Acquired Fund Fees and
Expenses |
0.74% |
0.74% |
0.74% |
0.74% |
0.74% |
0.74% |
0.74% |
0.74% |
Total Annual
Fund Operating Expenses |
1.27% |
2.58% |
1.14% |
0.78% |
1.65% |
1.52% |
1.34% |
1.15% |
Fee Waiver and Expense
Reimbursement (2)
(3) |
(0.12)% |
(0.68)% |
(0.01)% |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
1.15% |
1.90% |
1.13% |
0.78% |
1.65% |
1.52% |
1.34% |
1.15% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | ||||||||
(2) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. | ||||||||
(3)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund’s
expenses by paying, if necessary, expenses normally payable by the Fund,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses) to
maintain a total level of operating expenses (expressed as a percent of
average net assets on an annualized basis) not to exceed 0.41% for Class A
shares. It is expected that the expense limit will continue through the
period ending February 28, 2015; however, Principal Funds, Inc. and
Principal, the parties to the agreement, may agree to terminate the
expense limit prior to the end of the period.
|
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$661 |
$918 |
$1,196 |
$1,988 | ||||
Class
J |
215 |
|
361 |
|
626 |
|
1,385 |
|
Institutional
Class |
80 |
|
249 |
|
433 |
|
966 |
|
Class
R-1 |
168 |
|
520 |
|
897 |
|
1,955 |
|
Class
R-2 |
155 |
|
480 |
|
829 |
|
1,813 |
|
Class
R-3 |
136 |
|
425 |
|
734 |
|
1,613 |
|
Class
R-4 |
117 |
|
365 |
|
633 |
|
1,398 |
|
Class
R-5 |
105 |
|
328 |
|
569 |
|
1,259 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
J |
115 |
|
361 |
|
626 |
|
1,385 |
|
• |
For Classes A and J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
17.31 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(21.45 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
15.14% |
13.91% |
5.67% |
Class A
Return After Taxes on Distributions |
13.89% |
13.30% |
4.93% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
9.28% |
11.06% |
4.38% |
Class J
Return Before Taxes |
20.84% |
15.11% |
6.29% |
Institutional
Class Return Before Taxes |
22.36% |
15.65% |
6.89% |
Class R-1
Return Before Taxes |
21.22% |
14.64% |
5.95% |
Class R-2
Return Before Taxes |
21.41% |
14.78% |
6.09% |
Class R-3
Return Before Taxes |
21.56% |
14.99% |
6.29% |
Class R-4
Return Before Taxes |
21.79% |
15.20% |
6.48% |
Class R-5
Return Before Taxes |
21.99% |
15.34% |
6.61% |
S&P Target Date 2040 Index
(reflects no deduction for fees, expenses, or taxes) |
22.10% |
14.77% |
6.96% |
(1)
|
The Fund is showing after-tax
returns for Class A shares after combining separate prospectuses.
|
• |
James W. Fennessey (since
2007), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2011),
Portfolio Manager |
• |
Randy L. Welch (since 2007),
Portfolio Manager |
• |
Matthew Annenberg (since
2013), Managing Director, Asset Allocation
|
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A and
J |
Initial
Investment |
$1,000(1) |
A and
J |
Initial Investment for accounts
with an Automatic Investment Plan (AIP) |
$100 |
A and
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible
purchasers. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share
Class | ||||||
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5
| |
Management Fees |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
Distribution and/or Service
(12b-1) Fees |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.02% |
0.54% |
0.46% |
0.33% |
0.29% |
0.27% |
Acquired Fund Fees and
Expenses |
0.74% |
0.74% |
0.74% |
0.74% |
0.74% |
0.74% |
Total Annual
Fund Operating Expenses |
0.79% |
1.66% |
1.53% |
1.35% |
1.16% |
1.04% |
1
year |
3
years |
5
years |
10
years | |||||
Institutional
Class |
$81 |
$252 |
$439 |
$978 | ||||
Class
R-1 |
169 |
|
523 |
|
902 |
|
1,965 |
|
Class
R-2 |
156 |
|
483 |
|
834 |
|
1,824 |
|
Class
R-3 |
137 |
|
428 |
|
739 |
|
1,624 |
|
Class
R-4 |
118 |
|
368 |
|
638 |
|
1,409 |
|
Class
R-5 |
106 |
|
331 |
|
574 |
|
1,271 |
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
17.31 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q3
'11 |
(16.15 |
)% |
Average
Annual Total Returns | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Year |
Life of
Fund |
Institutional
Class Return Before Taxes |
23.04% |
15.72% |
5.96% |
Institutional
Class Return After Taxes on Distributions |
21.23% |
14.77% |
5.15% |
Institutional
Class Return After Taxes on Distribution and Sale of Fund
Shares |
13.90% |
12.49% |
4.49% |
Class R-1
Return Before Taxes |
21.93% |
14.75% |
4.99% |
Class R-2
Return Before Taxes |
22.13% |
14.88% |
5.14% |
Class R-3
Return Before Taxes |
22.29% |
15.10% |
5.30% |
Class R-4
Return Before Taxes |
22.59% |
15.30% |
5.52% |
Class R-5
Return Before Taxes |
22.74% |
15.47% |
5.65% |
S&P Target Date 2045 Index
(reflects no deduction for fees, expenses, or taxes) |
23.14% |
15.09% |
6.20% |
• |
James W. Fennessey (since
2008), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2011),
Portfolio Manager |
• |
Randy L. Welch (since 2008),
Portfolio Manager |
• |
Matthew Annenberg (since
2013), Managing Director, Asset Allocation
|
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share
Class | ||||||||
A |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class | ||||||||
A |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.30% |
0.23% |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Acquired Fund Fees and
Expenses |
0.74% |
0.74% |
0.74% |
0.74% |
0.74% |
0.74% |
0.74% |
0.74% |
Total Annual
Fund Operating Expenses |
1.32% |
1.25% |
0.78% |
1.65% |
1.52% |
1.34% |
1.15% |
1.03% |
Fee Waiver and Expense
Reimbursement(2) (3) |
(0.17)% |
(0.01)% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
1.15% |
1.24% |
0.78% |
1.65% |
1.52% |
1.34% |
1.15% |
1.03% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | ||||||||
(2)
Principal Funds Distributor, Inc. ("the
Distributor") has contractually agreed to limit the Distribution Fees
attributable to Class J. The limit will maintain the level of Distribution
Fees not to exceed 0.24%. It is expected that the fee waiver will continue
through the period ending February 28, 2015; however, Principal Funds,
Inc. and the Distributor, the parties to the agreement, may agree to
terminate the fee waiver prior to the end of the
period. | ||||||||
(3)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund’s
expenses by paying, if necessary, expenses normally payable by the Fund,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses) to
maintain a total level of operating expenses (expressed as a percent of
average net assets on an annualized basis) not to exceed 0.41% for Class A
shares. It is expected that the expense limit will continue through the
period ending February 28, 2015; however, Principal Funds, Inc. and
Principal, the parties to the agreement, may agree to terminate the
expense limit prior to the end of the period.
|
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$661 |
$927 |
$1,216 |
$2,036 | ||||
Class
J |
226 |
|
395 |
|
685 |
|
1,510 |
|
Institutional
Class |
80 |
|
249 |
|
433 |
|
966 |
|
Class
R-1 |
168 |
|
520 |
|
897 |
|
1,955 |
|
Class
R-2 |
155 |
|
480 |
|
829 |
|
1,813 |
|
Class
R-3 |
136 |
|
425 |
|
734 |
|
1,613 |
|
Class
R-4 |
117 |
|
365 |
|
633 |
|
1,398 |
|
Class
R-5 |
105 |
|
328 |
|
569 |
|
1,259 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
J |
126 |
|
395 |
|
685 |
|
1,510 |
|
• |
For Classes A and J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
17.71 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(22.13 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
16.55% |
14.32% |
5.82% |
Class A
Return After Taxes on Distributions |
15.21% |
13.69% |
5.13% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
10.17% |
11.38% |
4.52% |
Class J
Return Before Taxes |
22.28% |
15.39% |
6.25% |
Institutional
Class Return Before Taxes |
23.81% |
16.00% |
7.04% |
Class R-1
Return Before Taxes |
22.78% |
15.00% |
6.11% |
Class R-2
Return Before Taxes |
22.92% |
15.17% |
6.24% |
Class R-3
Return Before Taxes |
23.08% |
15.35% |
6.43% |
Class R-4
Return Before Taxes |
23.39% |
15.58% |
6.63% |
Class R-5
Return Before Taxes |
23.53% |
15.74% |
6.76% |
S&P Target Date 2050 Index
(reflects no deduction for fees, expenses, or taxes) |
24.13% |
15.27% |
N/A |
• |
James W. Fennessey (since
2007), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2011),
Portfolio Manager |
• |
Randy L. Welch (since 2007),
Portfolio Manager |
• |
Matthew Annenberg (since
2013), Managing Director, Asset Allocation
|
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A and
J |
Initial
Investment |
$1,000(1) |
A and
J |
Initial Investment for accounts
with an Automatic Investment Plan (AIP) |
$100 |
A and
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible
purchasers. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share
Class | ||||||
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5
| |
Management Fees |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
Distribution and/or Service
(12b-1) Fees |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.06% |
0.55% |
0.47% |
0.34% |
0.30% |
0.28% |
Acquired Fund Fees and
Expenses |
0.75% |
0.75% |
0.75% |
0.75% |
0.75% |
0.75% |
Total Annual
Fund Operating Expenses |
0.84% |
1.68% |
1.55% |
1.37% |
1.18% |
1.06% |
Expense
Reimbursement(1) |
—% |
—% |
—% |
—% |
—% |
—% |
Total Annual
Fund Operating Expenses after Expense Reimbursement |
0.84% |
1.68% |
1.55% |
1.37% |
1.18% |
1.06% |
(1) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 0.13% for Institutional Class, 0.96% for Class R-1, 0.83% for
Class R-2, 0.65% for Class R-3, 0.46% for Class R-4, and 0.34% for Class
R-5 shares. It is expected that the expense limit will continue through
the period ending February 28, 2015; however, Principal Funds, Inc. and
Principal, the parties to the agreement, may agree to terminate the
expense limit prior to the end of the period.
|
1
year |
3
years |
5
years |
10
years | |||||
Institutional
Class |
$86 |
$268 |
$466 |
$1,037 | ||||
Class
R-1 |
171 |
|
530 |
|
913 |
|
1,987 |
|
Class
R-2 |
158 |
|
490 |
|
845 |
|
1,845 |
|
Class
R-3 |
139 |
|
434 |
|
750 |
|
1,646 |
|
Class
R-4 |
120 |
|
375 |
|
649 |
|
1,432 |
|
Class
R-5 |
108 |
|
337 |
|
585 |
|
1,294 |
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
17.40 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q3
'11 |
(17.02 |
)% |
Average
Annual Total Returns | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Year |
Life of
Fund |
Institutional
Class Return Before Taxes |
23.79% |
15.86% |
5.90% |
Institutional
Class Return After Taxes on Distributions |
22.12% |
15.06% |
5.21% |
Institutional
Class Return After Taxes on Distribution and Sale of Fund
Shares |
14.20% |
12.68% |
4.50% |
Class R-1
Return Before Taxes |
22.88% |
14.85% |
4.98% |
Class R-2
Return Before Taxes |
23.01% |
14.99% |
5.11% |
Class R-3
Return Before Taxes |
23.14% |
15.20% |
5.31% |
Class R-4
Return Before Taxes |
23.29% |
15.42% |
5.50% |
Class R-5
Return Before Taxes |
23.61% |
15.55% |
5.63% |
S&P Target Date 2055+ Index
(reflects no deduction for fees, expenses, or taxes) |
24.96% |
15.49% |
6.51% |
• |
James W. Fennessey (since
2008), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2011),
Portfolio Manager |
• |
Randy L. Welch (since 2008),
Portfolio Manager |
• |
Matthew Annenberg (since
2013), Managing Director, Asset Allocation
|
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share
Class | |||||||
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is paid, whichever is less) |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class | |||||||
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
14.35% |
293.25% |
7.76% |
7.68% |
7.55% |
7.51% |
7.49% |
Acquired Fund Fees and
Expenses |
0.79% |
0.79% |
0.79% |
0.79% |
0.79% |
0.79% |
0.79% |
Total Annual
Fund Operating Expenses |
15.42% |
294.07% |
8.93% |
8.80% |
8.62% |
8.43% |
8.31% |
Fee Waiver and Expense
Reimbursement (2)(3) |
(14.22)% |
(293.15)% |
(7.18)% |
(7.18)% |
(7.18)% |
(7.18)% |
(7.18)% |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
1.20% |
0.92% |
1.75% |
1.62% |
1.44% |
1.25% |
1.13% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | |||||||
(2) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. | |||||||
(3) Principal
Management Corporation ("Principal"), the investment advisor, has
contractually agreed to limit the Fund’s expenses by paying, if necessary,
expenses normally payable by the Fund, (excluding interest expense,
expenses related to fund investments, acquired fund fees and expenses, and
other extraordinary expenses) to maintain a total level of operating
expenses (expressed as a percent of average net assets on an annualized
basis) not to exceed 0.41% for Class J, 0.13% for Institutional Class,
0.96% for Class R-1, 0.83% for Class R-2, 0.65% for Class R-3, 0.46% for
Class R-4, and 0.34% for Class R-5 shares. It is expected that the expense
limit will continue through the period ending February 28, 2015; however,
Principal Funds, Inc. and Principal, the parties to the agreement, may
agree to terminate the expense limit prior to the end of the
period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
J |
$222 |
$2,823 |
$5,190 |
$9,260 | ||||
Institutional
Class (1) |
94 |
|
14,055 |
|
46,579 |
|
(1,089,561) |
|
Class
R-1 |
178 |
|
1,848 |
|
3,503 |
|
7,105 |
|
Class
R-2 |
165 |
|
1,813 |
|
3,453 |
|
7,038 |
|
Class
R-3 |
147 |
|
1,765 |
|
3,383 |
|
6,943 |
|
Class
R-4 |
127 |
|
1,713 |
|
3,308 |
|
6,840 |
|
Class
R-5 |
115 |
|
1,680 |
|
3,260 |
|
6,774 |
|
(1) As of October 31, 2013, the
Institutional Class shares of Principal LifeTime 2060 Fund had
approximately $13,000 in net assets; therefore, the example calculation
renders unusual cost examples for years other than those during which
expense reimbursement is in
place. |
1
year |
3
years |
5
years |
10
years | |
Class
J |
$122 |
$2,823 |
$5,190 |
$9,260 |
• |
For Classes J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 -
www.principal.com. |
• |
James W. Fennessey (since
2013), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2013),
Portfolio Manager |
• |
Randy L. Welch (since 2013),
Portfolio Manager |
• |
Matthew Annenberg (since
2013), Managing Director, Asset Allocation
|
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
J |
Initial
Investment |
$1,000(1) |
J |
Initial Investment for accounts
with an Automatic Investment Plan (AIP) |
$100 |
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible
purchasers. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks current income,
and as a secondary objective, capital
appreciation. |
Share
Class | |||
Inst. |
R-3 |
R-5 | |
Management Fees |
0.01% |
0.01% |
0.01% |
Distribution and/or Service
(12b-1) Fees |
N/A |
0.25% |
N/A |
Other Expenses
(1) |
0.24% |
0.38% |
0.32% |
Acquired Fund Fees and Expenses
(1) |
0.37% |
0.37% |
0.37% |
Total Annual
Fund Operating Expenses |
0.62% |
1.01% |
0.70% |
Expense Reimbursement
(2) |
(0.19)% |
(0.01)% |
(0.01)% |
Total Annual
Fund Operating Expenses After Expense Reimbursement |
0.43% |
1.00% |
0.69% |
(1) Based on estimated amounts
for the current fiscal year. | |||
(2) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 0.06% for Institutional, 0.63% for R-3, and 0.32% for R-5
shares. It is expected that the expense limit will continue through the
period ending February 28, 2016; however, Principal Funds, Inc. and
Principal, the parties to the agreement, may agree to terminate the
expense limit prior to the end of the
period. |
1
year |
3
years | |||
Institutional
Class |
$44 |
$156 | ||
Class
R-3 |
102 |
|
319 |
|
Class
R-5 |
70 |
|
222 |
|
• |
James W. Fennessey (since
2014), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2014),
Portfolio Manager |
• |
Randy L. Welch (since 2014),
Portfolio Manager |
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share
Class | |||
Inst. |
R-3 |
R-5 | |
Management Fees |
0.01% |
0.01% |
0.01% |
Distribution and/or Service
(12b-1) Fees |
N/A |
0.25% |
N/A |
Other Expenses
(1) |
0.12% |
0.35% |
0.29% |
Acquired Fund Fees and Expenses
(1) |
0.38% |
0.38% |
0.38% |
Total Annual
Fund Operating Expenses |
0.51% |
0.99% |
0.68% |
Expense Reimbursement
(2) |
(0.07)% |
—% |
—% |
Total Annual
Fund Operating Expenses After Expense Reimbursement |
0.44% |
0.99% |
0.68% |
(1) Based on estimated amounts
for the current fiscal year. | |||
(2) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 0.06% for Institutional, 0.63% for R-3, and 0.32% for R-5
shares. It is expected that the expense limit will continue through the
period ending February 28, 2016; however, Principal Funds, Inc. and
Principal, the parties to the agreement, may agree to terminate the
expense limit prior to the end of the
period. |
1
year |
3
years | |||
Institutional
Class |
$45 |
$148 | ||
Class
R-3 |
101 |
|
315 |
|
Class
R-5 |
69 |
|
218 |
|
• |
James W. Fennessey (since
2014), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2014),
Portfolio Manager |
• |
Randy L. Welch (since 2014),
Portfolio Manager |
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share
Class | |||
Inst. |
R-3 |
R-5 | |
Management Fees |
0.01% |
0.01% |
0.01% |
Distribution and/or Service
(12b-1) Fees |
N/A |
0.25% |
N/A |
Other Expenses
(1) |
0.12% |
0.35% |
0.29% |
Acquired Fund Fees and Expenses
(1) |
0.40% |
0.40% |
0.40% |
Total Annual
Fund Operating Expenses |
0.53% |
1.01% |
0.70% |
Expense Reimbursement
(2) |
(0.07)% |
—% |
—% |
Total Annual
Fund Operating Expenses After Expense Reimbursement |
0.46% |
1.01% |
0.70% |
(1) Based on estimated amounts
for the current fiscal year. | |||
(2) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 0.06% for Institutional, 0.63% for R-3, and 0.32% for R-5
shares. It is expected that the expense limit will continue through the
period ending February 28, 2016; however, Principal Funds, Inc. and
Principal, the parties to the agreement, may agree to terminate the
expense limit prior to the end of the
period. |
1
year |
3
years | |||
Institutional
Class |
$47 |
$154 | ||
Class
R-3 |
103 |
|
322 |
|
Class
R-5 |
72 |
|
224 |
|
• |
James W. Fennessey (since
2014), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2014),
Portfolio Manager |
• |
Randy L. Welch (since 2014),
Portfolio Manager |
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share
Class | |||
Inst. |
R-3 |
R-5 | |
Management Fees |
0.01% |
0.01% |
0.01% |
Distribution and/or Service
(12b-1) Fees |
N/A |
0.25% |
N/A |
Other Expenses
(1) |
0.04% |
0.33% |
0.27% |
Acquired Fund Fees and Expenses
(1) |
0.42% |
0.42% |
0.42% |
Total Annual
Fund Operating Expenses |
0.47% |
1.01% |
0.70% |
Expense Reimbursement
(2) |
—% |
—% |
—% |
Total Annual
Fund Operating Expenses After Expense Reimbursement |
0.47% |
1.01% |
0.70% |
(1) Based on estimated amounts
for the current fiscal year. | |||
(2) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 0.06% for Institutional, 0.63% for R-3, and 0.32% for R-5
shares. It is expected that the expense limit will continue through the
period ending February 28, 2016; however, Principal Funds, Inc. and
Principal, the parties to the agreement, may agree to terminate the
expense limit prior to the end of the
period. |
1
year |
3
years | |||
Institutional
Class |
$48 |
$151 | ||
Class
R-3 |
103 |
|
322 |
|
Class
R-5 |
72 |
|
224 |
|
• |
James W. Fennessey (since
2014), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2014),
Portfolio Manager |
• |
Randy L. Welch (since 2014),
Portfolio Manager |
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share
Class | |||
Inst. |
R-3 |
R-5 | |
Management Fees |
0.01% |
0.01% |
0.01% |
Distribution and/or Service
(12b-1) Fees |
N/A |
0.25% |
N/A |
Other Expenses
(1) |
0.04% |
0.33% |
0.27% |
Acquired Fund Fees and Expenses
(1) |
0.43% |
0.43% |
0.43% |
Total Annual
Fund Operating Expenses |
0.48% |
1.02% |
0.71% |
Expense Reimbursement
(2) |
—% |
—% |
—% |
Total Annual
Fund Operating Expenses After Expense Reimbursement |
0.48% |
1.02% |
0.71% |
(1) Based on estimated amounts
for the current fiscal year. | |||
(2) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 0.06% for Institutional, 0.63% for R-3, and 0.32% for R-5
shares. It is expected that the expense limit will continue through the
period ending February 28, 2016; however, Principal Funds, Inc. and
Principal, the parties to the agreement, may agree to terminate the
expense limit prior to the end of the
period. |
1
year |
3
years | |||
Institutional
Class |
$49 |
$154 | ||
Class
R-3 |
104 |
|
325 |
|
Class
R-5 |
73 |
|
227 |
|
• |
James W. Fennessey (since
2014), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2014),
Portfolio Manager |
• |
Randy L. Welch (since 2014),
Portfolio Manager |
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share
Class | |||
Inst. |
R-3 |
R-5 | |
Management Fees |
0.01% |
0.01% |
0.01% |
Distribution and/or Service
(12b-1) Fees |
N/A |
0.25% |
N/A |
Other Expenses
(1) |
0.05% |
0.33% |
0.27% |
Acquired Fund Fees and Expenses
(1) |
0.43% |
0.43% |
0.43% |
Total Annual
Fund Operating Expenses |
0.49% |
1.02% |
0.71% |
Expense Reimbursement
(2) |
—% |
—% |
—% |
Total Annual
Fund Operating Expenses After Expense Reimbursement |
0.49% |
1.02% |
0.71% |
(1) Based on estimated amounts
for the current fiscal year. | |||
(2) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 0.06% for Institutional, 0.63% for R-3, and 0.32% for R-5
shares. It is expected that the expense limit will continue through the
period ending February 28, 2016; however, Principal Funds, Inc. and
Principal, the parties to the agreement, may agree to terminate the
expense limit prior to the end of the
period. |
1
year |
3
years | |||
Institutional
Class |
$50 |
$157 | ||
Class
R-3 |
104 |
|
325 |
|
Class
R-5 |
73 |
|
227 |
|
• |
James W. Fennessey (since
2014), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2014),
Portfolio Manager |
• |
Randy L. Welch (since 2014),
Portfolio Manager |
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share Class
| |||
Inst. |
R-3 |
R-5 | |
Management Fees |
0.01% |
0.01% |
0.01% |
Distribution and/or Service
(12b-1) Fees |
N/A |
0.25% |
N/A |
Other Expenses
(1) |
0.05% |
0.33% |
0.27% |
Acquired Fund Fees and Expenses
(1) |
0.44% |
0.44% |
0.44% |
Total Annual
Fund Operating Expenses |
0.50% |
1.03% |
0.72% |
Expense Reimbursement
(2) |
—% |
—% |
—% |
Total Annual
Fund Operating Expenses After Expense Reimbursement |
0.50% |
1.03% |
0.72% |
(1) Based on estimated amounts
for the current fiscal year. | |||
(2) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 0.06% for Institutional, 0.63% for R-3, and 0.32% for R-5
shares. It is expected that the expense limit will continue through the
period ending February 28, 2016; however, Principal Funds, Inc. and
Principal, the parties to the agreement, may agree to terminate the
expense limit prior to the end of the
period. |
1
year |
3
years | |||
Institutional
Class |
$51 |
$160 | ||
Class
R-3 |
105 |
|
328 |
|
Class
R-5 |
74 |
|
230 |
|
• |
James W. Fennessey (since
2014), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2014),
Portfolio Manager |
• |
Randy L. Welch (since 2014),
Portfolio Manager |
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share Class
| |||
Inst. |
R-3 |
R-5 | |
Management Fees |
0.01% |
0.01% |
0.01% |
Distribution and/or Service
(12b-1) Fees |
N/A |
0.25% |
N/A |
Other Expenses
(1) |
0.08% |
0.34% |
0.28% |
Acquired Fund Fees and Expenses
(1) |
0.44% |
0.44% |
0.44% |
Total Annual
Fund Operating Expenses |
0.53% |
1.04% |
0.73% |
Expense Reimbursement
(2) |
(0.03)% |
—% |
—% |
Total Annual
Fund Operating Expenses After Expense Reimbursement |
0.50% |
1.04% |
0.73% |
(1) Based on estimated amounts
for the current fiscal year. | |||
(2) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 0.06% for Institutional, 0.63% for R-3, and 0.32% for R-5
shares. It is expected that the expense limit will continue through the
period ending February 28, 2016; however, Principal Funds, Inc. and
Principal, the parties to the agreement, may agree to terminate the
expense limit prior to the end of the
period. |
1
year |
3
years | |||
Institutional
Class |
$51 |
$163 | ||
Class
R-3 |
106 |
|
331 |
|
Class
R-5 |
75 |
|
233 |
|
• |
James W. Fennessey (since
2014), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2014),
Portfolio Manager |
• |
Randy L. Welch (since 2014),
Portfolio Manager |
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share Class
| |||
Inst. |
R-3 |
R-5 | |
Management Fees |
0.01% |
0.01% |
0.01% |
Distribution and/or Service
(12b-1) Fees |
N/A |
0.25% |
N/A |
Other Expenses
(1) |
0.08% |
0.34% |
0.28% |
Acquired Fund Fees and Expenses
(1) |
0.45% |
0.45% |
0.45% |
Total Annual
Fund Operating Expenses |
0.54% |
1.05% |
0.74% |
Expense Reimbursement
(2) |
(0.03)% |
—% |
—% |
Total Annual
Fund Operating Expenses After Expense Reimbursement |
0.51% |
1.05% |
0.74% |
(1) Based on estimated amounts
for the current fiscal year. | |||
(2) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 0.06% for Institutional, 0.63% for R-3, and 0.32% for R-5
shares. It is expected that the expense limit will continue through the
period ending February 28, 2016; however, Principal Funds, Inc. and
Principal, the parties to the agreement, may agree to terminate the
expense limit prior to the end of the
period. |
1
year |
3
years | |||
Institutional
Class |
$52 |
$166 | ||
Class
R-3 |
107 |
|
334 |
|
Class
R-5 |
76 |
|
237 |
|
• |
James W. Fennessey (since
2014), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2014),
Portfolio Manager |
• |
Randy L. Welch (since 2014),
Portfolio Manager |
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share Class
| |||
Inst. |
R-3 |
R-5 | |
Management Fees |
0.01% |
0.01% |
0.01% |
Distribution and/or Service
(12b-1) Fees |
N/A |
0.25% |
N/A |
Other Expenses
(1) |
0.12% |
0.35% |
0.29% |
Acquired Fund Fees and Expenses
(1) |
0.45% |
0.45% |
0.45% |
Total Annual
Fund Operating Expenses |
0.58% |
1.06% |
0.75% |
Expense Reimbursement
(2) |
(0.07)% |
—% |
—% |
Total Annual
Fund Operating Expenses After Expense Reimbursement |
0.51% |
1.06% |
0.75% |
(1) Based on estimated amounts
for the current fiscal year. | |||
(2) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 0.06% for Institutional, 0.63% for R-3, and 0.32% for R-5
shares. It is expected that the expense limit will continue through the
period ending February 28, 2016; however, Principal Funds, Inc. and
Principal, the parties to the agreement, may agree to terminate the
expense limit prior to the end of the
period. |
1
year |
3
years | |||
Institutional
Class |
$52 |
$170 | ||
Class
R-3 |
108 |
|
337 |
|
Class
R-5 |
77 |
|
240 |
|
• |
James W. Fennessey (since
2014), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2014),
Portfolio Manager |
• |
Randy L. Welch (since 2014),
Portfolio Manager |
Objective: |
The Fund seeks a total return
consisting of long-term growth of capital and current
income. |
Share Class
| |||
Inst. |
R-3 |
R-5 | |
Management Fees |
0.01% |
0.01% |
0.01% |
Distribution and/or Service
(12b-1) Fees |
N/A |
0.25% |
N/A |
Other Expenses
(1) |
0.12% |
0.35% |
0.29% |
Acquired Fund Fees and Expenses
(1) |
0.45% |
0.45% |
0.45% |
Total Annual
Fund Operating Expenses |
0.58% |
1.06% |
0.75% |
Expense Reimbursement
(2) |
(0.07)% |
—% |
—% |
Total Annual
Fund Operating Expenses After Expense Reimbursement |
0.51% |
1.06% |
0.75% |
(1) Based on estimated amounts
for the current fiscal year. | |||
(2) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 0.06% for Institutional, 0.63% for R-3, and 0.32% for R-5
shares. It is expected that the expense limit will continue through the
period ending February 28, 2016; however, Principal Funds, Inc. and
Principal, the parties to the agreement, may agree to terminate the
expense limit prior to the end of the
period. |
1
year |
3
years | |||
Institutional
Class |
$52 |
$170 | ||
Class
R-3 |
108 |
|
337 |
|
Class
R-5 |
77 |
|
240 |
|
• |
James W. Fennessey (since
2014), Portfolio Manager |
• |
Jeffrey R. Tyler (since 2014),
Portfolio Manager |
• |
Randy L. Welch (since 2014),
Portfolio Manager |
Objective: |
The Fund seeks to generate a
total return. |
Share
Class | ||||||||||
A |
C |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
None |
Share
Class | ||||||||||
A |
C |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.83% |
0.83% |
0.83% |
0.83% |
0.83% |
0.83% |
0.83% |
0.83% |
0.83% |
0.83% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
1.00% |
0.25% |
N/A |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.25% |
0.28% |
0.21% |
0.16% |
0.05% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Total Annual
Fund Operating Expenses |
1.33% |
2.11% |
1.29% |
0.99% |
0.88% |
1.71% |
1.58% |
1.40% |
1.21% |
1.09% |
Fee Waiver and Expense
Reimbursement(2) (3) |
N/A |
—% |
(0.01)% |
—% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
1.33% |
2.11% |
1.28% |
0.99% |
0.88% |
1.71% |
1.58% |
1.40% |
1.21% |
1.09% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | ||||||||||
(2) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. | ||||||||||
(3) Principal
Management Corporation ("Principal"), the investment advisor, has
contractually agreed to limit the Fund’s expenses by paying, if necessary,
expenses normally payable by the Fund, (excluding interest expense,
expenses related to fund investments, acquired fund fees and expenses, and
other extraordinary expenses) to maintain a total level of operating
expenses (expressed as a percent of average net assets on an annualized
basis) not to exceed 2.20% for Class C shares. In addition, for Class P,
the expense limit will maintain "Other Expenses" (expressed as a percent
of average net assets on an annualized basis) not to exceed 0.20%,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses). It is
expected that the expense limit will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and Principal, the
parties to the agreement, may agree to terminate the expense limit prior
to the end of the period.
|
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$678 |
$948 |
$1,239 |
$2,063 | ||||
Class
C |
314 |
|
661 |
|
1,134 |
|
2,441 |
|
Class
J |
230 |
|
408 |
|
706 |
|
1,555 |
|
Class
P |
101 |
|
315 |
|
547 |
|
1,213 |
|
Institutional
Class |
90 |
|
281 |
|
488 |
|
1,084 |
|
Class
R-1 |
174 |
|
539 |
|
928 |
|
2,019 |
|
Class
R-2 |
161 |
|
499 |
|
860 |
|
1,878 |
|
Class
R-3 |
143 |
|
443 |
|
766 |
|
1,680 |
|
Class
R-4 |
123 |
|
384 |
|
665 |
|
1,466 |
|
Class
R-5 |
111 |
|
347 |
|
601 |
|
1,329 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
214 |
|
661 |
|
1,134 |
|
2,441 |
|
Class
J |
130 |
|
408 |
|
706 |
|
1,555 |
|
• |
For Classes A, C, J, and P -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q3
'09 |
33.08 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(33.89 |
)% |
(1)
|
The Fund is showing returns for
Class A shares after combining separate prospectuses.
|
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
(2.08)% |
14.52% |
8.47% |
Class A
Return After Taxes on Distributions |
(5.92)% |
13.16% |
6.85% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
1.53% |
11.40% |
6.78% |
Class C
Return Before Taxes |
1.85% |
14.93% |
8.36% |
Class J
Return Before Taxes |
2.74% |
15.78% |
8.97% |
Institutional
Class Return Before Taxes |
4.05% |
16.41% |
9.66% |
Class P
Return Before Taxes |
3.95% |
16.08% |
9.20% |
Class R-1
Return Before Taxes |
3.16% |
15.40% |
8.71% |
Class R-2
Return Before Taxes |
3.33% |
15.55% |
8.85% |
Class R-3
Return Before Taxes |
3.49% |
15.76% |
9.05% |
Class R-4
Return Before Taxes |
3.68% |
15.99% |
9.26% |
Class R-5
Return Before Taxes |
3.84% |
16.11% |
9.38% |
MSCI US REIT Index (reflects no
deduction for fees, expenses, or taxes) |
2.47% |
16.73% |
8.40% |
(1)
|
The Fund is showing after-tax
returns for Class A shares after combining separate prospectuses.
|
• |
Kelly D. Rush (since 2000),
Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A, C, and
J |
Initial
Investment |
$1,000(1) |
A, C, and
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A, C, and
J |
Subsequent
Investments |
$100(1)(2) |
P,
Institutional, R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Portfolio seeks to provide
as high a level of total return (consisting of reinvested income and
capital appreciation) as is consistent with reasonable risk.
|
Share
Class | |||||||||
A |
C |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class | |||||||||
A |
C |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
1.00% |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.11% |
0.09% |
0.06% |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Acquired Fund Fees and
Expenses |
0.68% |
0.68% |
0.68% |
0.68% |
0.68% |
0.68% |
0.68% |
0.68% |
0.68% |
Total Annual
Fund Operating Expenses |
1.36% |
2.09% |
1.31% |
1.01% |
1.88% |
1.75% |
1.57% |
1.38% |
1.26% |
Fee Waiver (2) |
N/A |
N/A |
(0.01)% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver |
1.36% |
2.09% |
1.30% |
1.01% |
1.88% |
1.75% |
1.57% |
1.38% |
1.26% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | |||||||||
(2) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$681 |
$957 |
$1,254 |
$2,095 | ||||
Class
C |
312 |
|
655 |
|
1,124 |
|
2,421 |
|
Class
J |
232 |
|
414 |
|
717 |
|
1,578 |
|
Institutional
Class |
103 |
|
322 |
|
558 |
|
1,236 |
|
Class
R-1 |
191 |
|
591 |
|
1,016 |
|
2,201 |
|
Class
R-2 |
178 |
|
551 |
|
949 |
|
2,062 |
|
Class
R-3 |
160 |
|
496 |
|
855 |
|
1,867 |
|
Class
R-4 |
140 |
|
437 |
|
755 |
|
1,657 |
|
Class
R-5 |
128 |
|
400 |
|
692 |
|
1,523 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
212 |
|
655 |
|
1,124 |
|
2,421 |
|
Class
J |
132 |
|
414 |
|
717 |
|
1,578 |
|
• |
Generally invests between 20%
and 60% of its assets in fixed-income funds, and less than 40% in any one
fixed-income fund (fixed-income funds that generally invest in fixed
income instruments such as real estate securities, mortgage-backed
securities, government and government-sponsored securities, and corporate
bonds) |
• |
Generally invests between 40%
and 80% of its assets in equity funds that invest in small, medium, and
large market capitalization companies, and less than 30% in any one equity
fund (equity funds that generally invest in domestic and foreign equity
securities) and |
• |
Generally invests less than
20% of its assets in specialty funds, and less than 20% in any one
specialty fund (specialty funds that generally offer unique combinations
of traditional equity securities and fixed-income securities or that use
alternative investment strategies that aim to offer diversification beyond
traditional equity and fixed-income securities and include investments in
such assets as infrastructure, commodities, currencies, and public timber
companies) |
• |
For Classes A, C, and J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
13.43 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(14.46 |
)% |
(1)
|
The Fund is showing returns for
Class A shares after combining separate prospectuses.
|
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
10.67% |
11.87% |
5.88% |
Class A
Return After Taxes on Distributions |
9.64% |
11.13% |
4.98% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
6.56% |
9.28% |
4.53% |
Class C
Return Before Taxes |
15.29% |
12.33% |
5.70% |
Class J
Return Before Taxes |
16.15% |
13.09% |
6.31% |
Institutional
Class Return Before Taxes |
17.57% |
13.57% |
6.74% |
Class R-1
Return Before Taxes |
16.49% |
12.58% |
6.03% |
Class R-2
Return Before Taxes |
16.63% |
12.71% |
6.16% |
Class R-3
Return Before Taxes |
16.82% |
12.93% |
6.33% |
Class R-4
Return Before Taxes |
17.01% |
13.12% |
6.47% |
Class R-5
Return Before Taxes |
17.22% |
13.27% |
6.55% |
Russell 3000 Index (reflects no
deduction for fees, expenses, or taxes) |
33.55% |
18.71% |
7.88% |
Barclays U.S. Aggregate Bond
Index (reflects no deduction for fees, expenses, or taxes) |
(2.02)% |
4.44% |
4.55% |
MSCI EAFE Index NDTR D
(reflects no deduction for fees, expenses, or taxes) |
22.78% |
12.44% |
6.91% |
SAM Balanced Blended Index
(reflects no deduction for fees, expenses, or taxes) |
16.73% |
12.32% |
6.76% |
(1)
|
The Fund is showing after-tax
returns for Class A shares after combining separate prospectuses.
|
• |
Charles D. Averill (since
2010), Portfolio Manager |
• |
Jill R. Cuniff (since 2010),
President and Portfolio Manager |
• |
Todd A. Jablonski (since
2010), Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A, C, and
J |
Initial
Investment |
$1,000(1) |
A, C, and
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A, C, and
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Portfolio seeks to provide
a high level of total return (consisting of reinvestment of income and
capital appreciation), consistent with a moderate degree of principal
risk. |
Share
Class | |||||||||
A |
C |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class | |||||||||
A |
C |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
1.00% |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.11% |
0.11% |
0.07% |
0.02% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Acquired Fund Fees and
Expenses |
0.63% |
0.63% |
0.63% |
0.63% |
0.63% |
0.63% |
0.63% |
0.63% |
0.63% |
Total Annual
Fund Operating Expenses |
1.31% |
2.06% |
1.27% |
0.97% |
1.83% |
1.70% |
1.52% |
1.33% |
1.21% |
Fee Waiver and Expense
Reimbursement(2) (3) |
(0.05)% |
(0.05)% |
(0.01)% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
1.26% |
2.01% |
1.26% |
0.97% |
1.83% |
1.70% |
1.52% |
1.33% |
1.21% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | |||||||||
(2) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. | |||||||||
(3)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund’s
expenses by paying, if necessary, expenses normally payable by the Fund,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses) to
maintain a total level of operating expenses (expressed as a percent of
average net assets on an annualized basis) not to exceed 0.63% for Class
A, 1.38% for Class C, and 0.63% for Class J shares. It is expected that
the expense limit will continue through the period ending February 28,
2015; however, Principal Funds, Inc. and Principal, the parties to the
agreement, may agree to terminate the expense limit prior to the end of
the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$671 |
$937 |
$1,223 |
$2,037 | ||||
Class
C |
304 |
|
640 |
|
1,103 |
|
2,385 |
|
Class
J |
228 |
|
402 |
|
696 |
|
1,533 |
|
Institutional
Class |
99 |
|
309 |
|
536 |
|
1,190 |
|
Class
R-1 |
186 |
|
576 |
|
990 |
|
2,148 |
|
Class
R-2 |
173 |
|
536 |
|
923 |
|
2,009 |
|
Class
R-3 |
155 |
|
480 |
|
829 |
|
1,813 |
|
Class
R-4 |
135 |
|
421 |
|
729 |
|
1,601 |
|
Class
R-5 |
123 |
|
384 |
|
665 |
|
1,466 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
204 |
|
640 |
|
1,103 |
|
2,385 |
|
Class
J |
128 |
|
402 |
|
696 |
|
1,533 |
|
• |
Generally invests between 40%
and 80% of its assets in fixed-income funds, and less than 40% in any one
fixed-income fund (fixed-income funds that generally invest in fixed
income instruments such as high yield securities (or “junk” bonds), real
estate securities, mortgage-backed securities, government and
government-sponsored securities, and corporate
bonds) |
• |
Generally invests between 20%
and 60% of its assets in equity funds, and less than 30% in any one equity
fund (equity funds that generally invest in domestic and foreign equity
securities) and |
• |
Generally invests less than
20% of its assets in specialty funds, and less than 20% in any one
specialty fund (specialty funds that generally offer unique combinations
of traditional equity securities and fixed-income securities or that use
alternative investment strategies that aim to offer diversification beyond
traditional equity and fixed-income securities and include investments in
such assets as infrastructure, commodities, currencies, and public timber
companies) |
• |
For Classes A, C, and J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
11.55 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(9.94 |
)% |
Average
Annual Total Returns | |||
For the
periods ended December 31, 2013 |
1
Years |
5
Years |
10
Years |
Class A
Return Before Taxes |
4.81% |
9.89% |
5.33% |
Class A
Return After Taxes on Distributions |
3.52% |
8.83% |
4.19% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
3.22% |
7.52% |
3.91% |
Class C
Return Before Taxes |
9.00% |
10.32% |
5.14% |
Class J
Return Before Taxes |
9.84% |
11.07% |
5.84% |
Institutional
Class Return Before Taxes |
11.23% |
11.50% |
6.18% |
Class R-1
Return Before Taxes |
10.32% |
10.56% |
5.50% |
Class R-2
Return Before Taxes |
10.44% |
10.72% |
5.64% |
Class R-3
Return Before Taxes |
10.64% |
10.89% |
5.79% |
Class R-4
Return Before Taxes |
10.84% |
11.12% |
5.92% |
Class R-5
Return Before Taxes |
10.97% |
11.25% |
6.01% |
Barclays U.S. Aggregate Bond
Index (reflects no deduction for fees, expenses, or taxes) |
(2.02)% |
4.44% |
4.55% |
Russell 3000 Index (reflects no deduction for
fees, expenses, or taxes) |
33.55% |
18.71% |
7.88% |
MSCI EAFE Index NDTR D
(reflects no deduction for fees, expenses, or taxes) |
22.78% |
12.44% |
6.91% |
SAM Conservative Balanced
Blended Index (reflects no deduction for fees, expenses, or
taxes) |
10.17% |
9.76% |
6.12% |
(1)
|
The Fund is showing after-tax
returns for Class A shares after combining separate prospectuses.
|
• |
Charles D. Averill (since
2010), Portfolio Manager |
• |
Jill R. Cuniff (since 2010),
President and Portfolio Manager |
• |
Todd A. Jablonski (since
2010), Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A, C, and
J |
Initial
Investment |
$1,000(1) |
A, C, and
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A, C, and
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Portfolio seeks to provide
long-term capital appreciation.
|
Share
Class | |||||||||
A |
C |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
none |
none |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class | |||||||||
A |
C |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
1.00% |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.11% |
0.11% |
0.08% |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Acquired Fund Fees and
Expenses |
0.72% |
0.72% |
0.72% |
0.72% |
0.72% |
0.72% |
0.72% |
0.72% |
0.72% |
Total Annual
Fund Operating Expenses |
1.40% |
2.15% |
1.37% |
1.05% |
1.92% |
1.79% |
1.61% |
1.42% |
1.30% |
Fee Waiver (2) |
N/A |
N/A |
(0.01)% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver |
1.40% |
2.15% |
1.36% |
1.05% |
1.92% |
1.79% |
1.61% |
1.42% |
1.30% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | |||||||||
(2)
Principal Funds Distributor, Inc. ("the
Distributor") has contractually agreed to limit the Distribution Fees
attributable to Class J. The limit will maintain the level of Distribution
Fees not to exceed 0.24%. It is expected that the fee waiver will continue
through the period ending February 28, 2015; however, Principal Funds,
Inc. and the Distributor, the parties to the agreement, may agree to
terminate the fee waiver prior to the end of the
period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$685 |
$969 |
$1,274 |
$2,137 | ||||
Class
C |
318 |
|
673 |
|
1,154 |
|
2,483 |
|
Class
J |
238 |
|
433 |
|
749 |
|
1,645 |
|
Institutional
Class |
107 |
|
334 |
|
579 |
|
1,283 |
|
Class
R-1 |
195 |
|
603 |
|
1,037 |
|
2,243 |
|
Class
R-2 |
182 |
|
563 |
|
970 |
|
2,105 |
|
Class
R-3 |
164 |
|
508 |
|
876 |
|
1,911 |
|
Class
R-4 |
145 |
|
449 |
|
776 |
|
1,702 |
|
Class
R-5 |
132 |
|
412 |
|
713 |
|
1,568 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
218 |
|
673 |
|
1,154 |
|
2,483 |
|
Class
J |
138 |
|
433 |
|
749 |
|
1,645 |
|
• |
Generally invests between 0%
and 40% of its assets in fixed-income funds, and less than 30% in any one
fixed-income fund (fixed-income funds that generally invest in
fixed-income instruments such as government and government-sponsored
securities and corporate bonds) |
• |
Generally invests between 60%
and 100% of its assets in equity funds that invest in small, medium, and
large market capitalization companies, and less than 40% in any one equity
fund (equity funds that generally invest in domestic and foreign equity
securities) and |
• |
Generally invests less than
20% of its assets in specialty funds, and less than 20% in any one
specialty fund (specialty funds that generally offer unique combinations
of traditional equity securities and fixed-income securities or that use
alternative investment strategies that aim to offer diversification beyond
traditional equity and fixed-income securities and include investments in
such assets as infrastructure, commodities, currencies, and public timber
companies) |
• |
For Classes A, C, and J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
14.58 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(19.14 |
)% |
(1)
|
The Fund is showing returns for
Class A shares after combining separate prospectuses.
|
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
15.96% |
13.35% |
6.02% |
Class A
Return After Taxes on Distributions |
15.34% |
13.02% |
5.46% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
9.47% |
10.74% |
4.86% |
Class C
Return Before Taxes |
20.74% |
13.79% |
5.82% |
Class J
Return Before Taxes |
21.74% |
14.58% |
6.52% |
Institutional
Class Return Before Taxes |
23.16% |
15.07% |
6.88% |
Class R-1
Return Before Taxes |
22.06% |
14.07% |
6.17% |
Class R-2
Return Before Taxes |
22.25% |
14.22% |
6.31% |
Class R-3
Return Before Taxes |
22.43% |
14.41% |
6.47% |
Class R-4
Return Before Taxes |
22.61% |
14.65% |
6.61% |
Class R-5
Return Before Taxes |
22.79% |
14.78% |
6.70% |
Russell 3000 Index (reflects no
deduction for fees, expenses, or taxes) |
33.55% |
18.71% |
7.88% |
Barclays U.S. Aggregate Bond
Index (reflects no deduction for fees, expenses, or taxes)
|
(2.02)% |
4.44% |
4.55% |
MSCI EAFE Index NDTR D
(reflects no deduction for fees, expenses, or taxes) |
22.78% |
12.44% |
6.91% |
SAM Conservative Growth Blended
Index (reflects no deduction for fees, expenses, or taxes) |
23.63% |
14.80% |
7.29% |
(1)
|
The Fund is showing after-tax
returns for Class A shares after combining separate prospectuses.
|
• |
Charles D. Averill (since
2010), Portfolio Manager |
• |
Jill R. Cuniff (since 2010),
President and Portfolio Manager |
• |
Todd A. Jablonski (since
2010), Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A, C, and
J |
Initial
Investment |
$1,000(1) |
A, C, and
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A, C, and
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Portfolio seeks to provide
a high level of total return (consisting of reinvestment of income with
some capital appreciation). |
Share
Class | |||||||||
A |
C |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
3.75% |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class | |||||||||
A |
C |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
1.00% |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.09% |
0.10% |
0.07% |
0.02% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Acquired Fund Fees and
Expenses |
0.58% |
0.58% |
0.58% |
0.58% |
0.58% |
0.58% |
0.58% |
0.58% |
0.58% |
Total Annual
Fund Operating Expenses |
1.24% |
2.00% |
1.22% |
0.92% |
1.78% |
1.65% |
1.47% |
1.28% |
1.16% |
Fee Waiver (2) |
N/A |
N/A |
(0.01)% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver |
1.24% |
2.00% |
1.21% |
0.92% |
1.78% |
1.65% |
1.47% |
1.28% |
1.16% |
(1) Expense
information in the table has been restated to reflect current fees.
Effective December 30, 2013, the Distribution and/or Service (12b-1) Fees
for Class J shares were reduced.. | |||||||||
(2) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$497 |
$754 |
$1,030 |
$1,819 | ||||
Class
C |
303 |
|
627 |
|
1,078 |
|
2,327 |
|
Class
J |
223 |
|
386 |
|
669 |
|
1,476 |
|
Institutional
Class |
94 |
|
293 |
|
509 |
|
1,131 |
|
Class
R-1 |
181 |
|
560 |
|
964 |
|
2,095 |
|
Class
R-2 |
168 |
|
520 |
|
897 |
|
1,955 |
|
Class
R-3 |
150 |
|
465 |
|
803 |
|
1,757 |
|
Class
R-4 |
130 |
|
406 |
|
702 |
|
1,545 |
|
Class
R-5 |
118 |
|
368 |
|
638 |
|
1,409 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
203 |
|
627 |
|
1,078 |
|
2,327 |
|
Class
J |
123 |
|
386 |
|
669 |
|
1,476 |
|
• |
Generally invests between 55%
and 95% of its assets in fixed-income funds, and less than 40% in any one
fixed-income fund (fixed-income funds that generally invest in fixed
income instruments such as high yield securities (or “junk” bonds), real
estate securities, mortgage-backed securities, government and
government-sponsored securities, and corporate
bonds) |
• |
Generally invests between 5%
and 45% of its assets in equity funds, and less than 30% in any one equity
fund (equity funds that generally invest in domestic and foreign equity
securities) and |
• |
Generally invests less than
20% of its assets in specialty funds, and less than 20% in any one
specialty fund (specialty funds that generally offer unique combinations
of traditional equity securities and fixed-income securities or that use
alternative investment strategies that aim to offer diversification beyond
traditional equity and fixed-income securities and include investments in
such assets as infrastructure, commodities, currencies, and public timber
companies) |
• |
For Classes A, C, and J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
10.74 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(7.04 |
)% |
(1)
|
The Fund is showing returns for
Class A shares after combining separate prospectuses.
|
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
3.17% |
9.24% |
5.03% |
Class A
Return After Taxes on Distributions |
1.73% |
7.92% |
3.67% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
2.18% |
6.87% |
3.51% |
Class C
Return Before Taxes |
5.24% |
9.25% |
4.63% |
Class J
Return Before Taxes |
6.15% |
9.98% |
5.31% |
Institutional
Class Return Before Taxes |
7.43% |
10.42% |
5.67% |
Class R-1
Return Before Taxes |
6.53% |
9.47% |
4.98% |
Class R-2
Return Before Taxes |
6.66% |
9.63% |
5.12% |
Class R-3
Return Before Taxes |
6.86% |
9.83% |
5.26% |
Class R-4
Return Before Taxes |
7.06% |
10.03% |
5.41% |
Class R-5
Return Before Taxes |
7.19% |
10.17% |
5.48% |
Barclays U.S. Aggregate Bond
Index (reflects no deduction for fees, expenses, or taxes) |
(2.02)% |
4.44% |
4.55% |
Russell 3000 Index (reflects no deduction for
fees, expenses, or taxes) |
33.55% |
18.71% |
7.88% |
MSCI EAFE Index NDTR D
(reflects no deduction for fees, expenses, or taxes) |
22.78% |
12.44% |
6.91% |
SAM Flexible Income Blended
Index (reflects no deduction for fees, expenses, or taxes) |
5.56% |
7.86% |
5.59% |
(1)
|
The Fund is showing after-tax
returns for Class A shares after combining separate prospectuses.
|
• |
Charles D. Averill (since
2010), Portfolio Manager |
• |
Jill R. Cuniff (since 2010),
President and Portfolio Manager |
• |
Todd A. Jablonski (since
2010), Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A, C, and
J |
Initial
Investment |
$1,000(1) |
A, C, and
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A, C, and
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Portfolio seeks to provide
long-term capital appreciation.
|
Share
Class | |||||||||
A |
C |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
none |
none |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class | |||||||||
A |
C |
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
0.32% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
1.00% |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.14% |
0.14% |
0.09% |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
Acquired Fund Fees and
Expenses |
0.70% |
0.70% |
0.70% |
0.70% |
0.70% |
0.70% |
0.70% |
0.70% |
0.70% |
Total Annual
Fund Operating Expenses |
1.41% |
2.16% |
1.36% |
1.03% |
1.90% |
1.77% |
1.59% |
1.40% |
1.28% |
Fee Waiver (2) |
N/A |
N/A |
(0.01)% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver |
1.41% |
2.16% |
1.35% |
1.03% |
1.90% |
1.77% |
1.59% |
1.40% |
1.28% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | |||||||||
(2) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$686 |
$972 |
$1,279 |
$2,148 | ||||
Class
C |
319 |
|
676 |
|
1,159 |
|
2,493 |
|
Class
J |
237 |
|
430 |
|
744 |
|
1,634 |
|
Institutional
Class |
105 |
|
328 |
|
569 |
|
1,259 |
|
Class
R-1 |
193 |
|
597 |
|
1,026 |
|
2,222 |
|
Class
R-2 |
180 |
|
557 |
|
959 |
|
2,084 |
|
Class
R-3 |
162 |
|
502 |
|
866 |
|
1,889 |
|
Class
R-4 |
143 |
|
443 |
|
766 |
|
1,680 |
|
Class
R-5 |
130 |
|
406 |
|
702 |
|
1,545 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
219 |
|
676 |
|
1,159 |
|
2,493 |
|
Class
J |
137 |
|
430 |
|
744 |
|
1,634 |
|
• |
Generally invests between 75%
and 100% of its assets in equity funds that invest in small, medium, and
large market capitalization companies, and less than 50% in any one equity
fund (equity funds that generally invest in domestic and foreign equity
securities) and |
• |
Generally invests less than
20% of its assets in specialty funds, and less than 20% in any one
specialty fund (specialty funds that generally offer unique combinations
of traditional equity securities and fixed-income securities or that use
alternative investment strategies that aim to offer diversification beyond
traditional equity and fixed-income securities and include investments in
such assets as infrastructure, commodities, currencies, and public timber
companies) |
• |
For Classes A, C, and J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
15.72 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(22.29 |
)% |
(1)
|
The Fund is showing returns for
Class A shares after combining separate prospectuses.
|
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
20.01% |
14.53% |
6.14% |
Class A
Return After Taxes on Distributions |
19.51% |
14.29% |
5.69% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
11.73% |
11.72% |
4.97% |
Class C
Return Before Taxes |
24.97% |
14.97% |
5.95% |
Class J
Return Before Taxes |
25.97% |
15.78% |
6.67% |
Institutional
Class Return Before Taxes |
27.41% |
16.28% |
7.03% |
Class R-1
Return Before Taxes |
26.28% |
15.27% |
6.34% |
Class R-2
Return Before Taxes |
26.44% |
15.43% |
6.48% |
Class R-3
Return Before Taxes |
26.77% |
15.65% |
6.62% |
Class R-4
Return Before Taxes |
26.96% |
15.87% |
6.75% |
Class R-5
Return Before Taxes |
27.06% |
15.99% |
6.84% |
Russell 3000 Index (reflects no deduction for
fees, expenses, or taxes) |
33.55% |
18.71% |
7.88% |
MSCI EAFE Index NDTR D
(reflects no deduction for fees, expenses, or taxes) |
22.78% |
12.44% |
6.91% |
Barclays U.S. Aggregate Bond
Index (reflects no deduction for fees, expenses, or taxes) |
(2.02)% |
4.44% |
4.55% |
SAM Strategic Growth Blended
Index (reflects no deduction for fees, expenses, or taxes) |
28.89% |
16.53% |
7.60% |
(1)
|
The Fund is showing after-tax
returns for Class A shares after combining separate prospectuses.
|
• |
Charles D. Averill (since
2010), Portfolio Manager |
• |
Jill R. Cuniff (since 2010),
President and Portfolio Manager |
• |
Todd A. Jablonski (since
2010), Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A, C, and
J |
Initial
Investment |
$1,000(1) |
A, C, and
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A, C, and
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks to provide as
high a level of current income as is consistent with prudent investment
management and stability of principal. |
Share
Class | ||||||||||
A |
C |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
2.25% |
None |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
None |
Share
Class | ||||||||||
A |
C |
J |
P |
Inst.
|
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.42% |
0.42% |
0.42% |
0.42% |
0.42% |
0.42% |
0.42% |
0.42% |
0.42% |
0.42% |
Distribution and/or Service
(12b-1) Fees (1) |
0.15% |
1.00% |
0.25% |
N/A |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.19% |
0.15% |
0.20% |
0.12% |
0.03% |
0.53% |
0.46% |
0.32% |
0.28% |
0.26% |
Total Annual
Fund Operating Expenses |
0.76% |
1.57% |
0.87% |
0.54% |
0.45% |
1.30% |
1.18% |
0.99% |
0.80% |
0.68% |
Fee Waiver and Expense
Reimbursement(2) (3) |
N/A |
N/A |
(0.01)% |
—% |
N/A |
—% |
—% |
—% |
(0.01)% |
—% |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
0.76% |
1.57% |
0.86% |
0.54% |
0.45% |
1.30% |
1.18% |
0.99% |
0.79% |
0.68% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | ||||||||||
(2) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. | ||||||||||
(3)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund’s
expenses by paying, if necessary, expenses normally payable by the Fund,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses) to
maintain a total level of operating expenses (expressed as a percent of
average net assets on an annualized basis) not to exceed 1.30% for Class
R-1, 1.18% for Class R-2, 0.99% for Class R-3, 0.79% for Class R-4, and
0.68% for Class R-5 shares. In addition, for Class P the expense limit
will maintain "Other Expenses" (expressed as a percent of average net
assets on an annualized basis) not to exceeds 0.20%, (excluding interest
expense, expenses related to fund investments, acquired fund fees and
expenses, and other extraordinary expenses). It is expected that the
expense limit will continue through the period ending February 28, 2015;
however, Principal Funds, Inc. and Principal, the parties to the
agreement, may agree to terminate the expense limit prior to the end of
the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$301 |
$462 |
$638 |
$1,146 | ||||
Class
C |
260 |
|
496 |
|
855 |
|
1,867 |
|
Class
J |
188 |
|
276 |
|
481 |
|
1,071 |
|
Class
P |
55 |
|
173 |
|
302 |
|
677 |
|
Institutional
Class |
46 |
|
144 |
|
252 |
|
567 |
|
Class
R-1 |
132 |
|
412 |
|
713 |
|
1,568 |
|
Class
R-2 |
120 |
|
375 |
|
649 |
|
1,432 |
|
Class
R-3 |
101 |
|
315 |
|
547 |
|
1,213 |
|
Class
R-4 |
81 |
|
254 |
|
443 |
|
989 |
|
Class
R-5 |
69 |
|
218 |
|
379 |
|
847 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
$160 |
$496 |
$855 |
$1,867 | ||||
Class
J |
88 |
|
276 |
|
481 |
|
1,071 |
|
• |
For Classes A, C, J, and P -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
3.96 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(1.87 |
)% |
(1)
|
The Fund is showing returns for
Class A shares after combining separate prospectuses.
|
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
(1.40)% |
3.92% |
2.97% |
Class A
Return After Taxes on Distributions |
(1.96)% |
3.07% |
1.89% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
(0.79)% |
2.71% |
1.88% |
Class C
Return Before Taxes |
(0.95)% |
3.52% |
2.43% |
Class J
Return Before Taxes |
(0.24)% |
4.17% |
3.01% |
Class P
Return Before Taxes |
1.08% |
4.52% |
3.29% |
Institutional
Class Return Before Taxes |
1.17% |
4.68% |
3.56% |
Class R-1
Return Before Taxes |
0.32% |
3.84% |
2.73% |
Class R-2
Return Before Taxes |
0.44% |
3.97% |
2.85% |
Class R-3
Return Before Taxes |
0.63% |
4.18% |
3.06% |
Class R-4
Return Before Taxes |
0.83% |
4.37% |
3.21% |
Class R-5
Return Before Taxes |
1.02% |
4.45% |
3.25% |
Barclays Credit 1-3 Years Index
(reflects no deduction for fees, expenses, or taxes) |
1.45% |
4.46% |
3.68% |
(1)
|
The Fund is showing after-tax
returns for Class A shares after combining separate prospectuses.
|
• |
John R. Friedl (since 2010),
Portfolio Manager |
• |
Ryan P. McCann (since 2010),
Portfolio Manager |
• |
Scott J. Peterson (since
2010), Portfolio Manager |
• |
Greg L. Tornga (since 2011),
Head of Fixed Income and Portfolio
Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A, C, and
J |
Initial
Investment |
$1,000(1) |
A, C, and
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A, C, and
J |
Subsequent
Investments |
$100(1)(2) |
P,
Institutional, R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks long-term
growth of capital. |
Share
Class | ||||||||||
A |
C |
J |
P |
Inst.
|
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
None |
Share
Class | ||||||||||
A |
C |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.75% |
0.75% |
0.75% |
0.75% |
0.75% |
0.75% |
0.75% |
0.75% |
0.75% |
0.75% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
1.00% |
0.25% |
N/A |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses
(2) |
0.34% |
0.52% |
0.18% |
0.27% |
0.05% |
0.54% |
0.46% |
0.33% |
0.29% |
0.27% |
Acquired Fund Fees and
Expenses |
0.12% |
0.12% |
0.12% |
0.12% |
0.12% |
0.12% |
0.12% |
0.12% |
0.12% |
0.12% |
Total Annual
Fund Operating Expenses |
1.46% |
2.39% |
1.30% |
1.14% |
0.92% |
1.76% |
1.63% |
1.45% |
1.26% |
1.14% |
Fee Waiver and Expense
Reimbursement(3) (4) (5) |
—% |
(0.19)% |
(0.01)% |
(0.07)% |
—% |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
1.46% |
2.20% |
1.29% |
1.07% |
0.92% |
1.76% |
1.63% |
1.45% |
1.26% |
1.14% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | ||||||||||
(2) Based on estimated amounts
for the current fiscal year (Class P). | ||||||||||
(3) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. | ||||||||||
(4) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 1.35% for Class A, 2.08% for Class C, and 0.80% for
Institutional Class shares. It is expected that the expense limit will
continue through the period ending February 28, 2015; however, Principal
Funds, Inc. and Principal, the parties to the agreement, may agree to
terminate the expense limit prior to the end of the period.
| ||||||||||
(5) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund's expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain "Other Expenses" (expressed as a
percent of average net assets on an annualized basis) not to exceed 0.20%
for Class P shares. It is expected that the expense limit will continue
through the period ending February 28, 2016; however, Principal Funds,
Inc. and Principal, the parties to the agreement, may agree to terminate
the expense limit prior to the end of the period.
|
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$690 |
$986 |
$1,304 |
$2,200 | ||||
Class
C |
323 |
|
724 |
|
1,255 |
|
2,709 |
|
Class
J |
231 |
|
411 |
|
712 |
|
1,567 |
|
Class
P |
109 |
|
347 |
|
|
|
|
|
Institutional
Class |
94 |
|
293 |
|
509 |
|
1,131 |
|
Class
R-1 |
179 |
|
554 |
|
954 |
|
2,073 |
|
Class
R-2 |
166 |
|
514 |
|
887 |
|
1,933 |
|
Class
R-3 |
148 |
|
459 |
|
792 |
|
1,735 |
|
Class
R-4 |
128 |
|
400 |
|
692 |
|
1,523 |
|
Class
R-5 |
116 |
|
362 |
|
628 |
|
1,386 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
223 |
|
724 |
|
1,255 |
|
2,709 |
|
Class
J |
131 |
|
411 |
|
712 |
|
1,567 |
|
• |
For Classes A, C, J, and P -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q4
'11 |
17.97 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(26.29 |
)% |
(1)
|
The Fund is showing returns for
Class A shares after combining separate prospectuses.
|
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
39.39% |
18.32% |
7.79% |
Class A
Return After Taxes on Distributions |
37.11% |
17.90% |
7.11% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
24.10% |
14.92% |
6.33% |
Class C
Return Before Taxes |
45.41% |
18.86% |
7.61% |
Class J
Return Before Taxes |
46.71% |
19.88% |
8.53% |
Class P
Return Before Taxes |
47.44% |
19.81% |
8.52% |
Institutional
Class Return Before Taxes |
48.23% |
20.45% |
9.11% |
Class R-1
Return Before Taxes |
47.06% |
19.43% |
8.18% |
Class R-2
Return Before Taxes |
47.17% |
19.60% |
8.32% |
Class R-3
Return Before Taxes |
47.44% |
19.81% |
8.52% |
Class R-4
Return Before Taxes |
47.80% |
20.03% |
8.77% |
Class R-5
Return Before Taxes |
47.96% |
20.18% |
8.85% |
Russell 2000 Index (reflects no
deduction for fees, expenses, or taxes) |
38.82% |
20.08% |
9.07% |
(1)
|
The Fund is showing after-tax
returns for Class A shares after combining separate prospectuses.
|
• |
Phil Nordhus (since 2006),
Portfolio Manager |
• |
Brian Pattinson (since 2011),
Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A, C, and
J |
Initial
Investment |
$1,000(1) |
A, C, and
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A, C, and
J |
Subsequent
Investments |
$100(1)(2) |
P,
Institutional, R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks long-term
growth of capital. |
Share
Class | ||||||||
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 |
R-6 | |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is paid, whichever is less) |
1.00% |
None |
None |
None |
None |
None |
None |
None |
Share
Class | ||||||||
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 |
R-6 | |
Management Fees |
1.08% |
1.08% |
1.08% |
1.08% |
1.08% |
1.08% |
1.08% |
1.08% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
N/A |
Other Expenses
(2) |
0.25% |
0.01% |
0.53% |
0.45% |
0.32% |
0.28% |
0.26% |
0.08% |
Total Annual
Fund Operating Expenses |
1.58% |
1.09% |
1.96% |
1.83% |
1.65% |
1.46% |
1.34% |
1.16% |
Fee Waiver and Expense
Reimbursement(3)(4)(5) |
(0.08)% |
(0.07)% |
(0.07)% |
(0.07)% |
(0.07)% |
(0.07)% |
(0.07)% |
(0.10)% |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
1.50% |
1.02% |
1.89% |
1.76% |
1.58% |
1.39% |
1.27% |
1.06% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | ||||||||
(2)
Based on estimated expenses for the current fiscal
year. (Class R-6) | ||||||||
(3)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund's
Management Fees through the period ending February 29, 2016. The fee
waiver will reduce the Fund's Management Fees by 0.072% (expressed as a
percent of average net assets on an annualized basis). It is expected that
the fee waiver will continue through the period disclosed; however,
Principal Funds, Inc. and Principal, the parties to the agreement may
agree to terminate the fee waiver prior to the end of the
period. | ||||||||
(4)
Principal Funds Distributor, Inc. ("the
Distributor") has contractually agreed to limit the Distribution Fees
attributable to Class J. The limit will maintain the level of Distribution
Fees not to exceed 0.24%. It is expected that the fee waiver will continue
through the period ending February 28, 2015; however, Principal Funds,
Inc. and the Distributor, the parties to the agreement, may agree to
terminate the fee waiver prior to the end of the
period. | ||||||||
(5) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 1.06% for Class R-6 shares. It is expected that the expense
limit will continue through the period ending February 29, 2016; however,
Principal Funds, Inc. and Principal, the parties to the agreement, may
agree to terminate the expense limit prior to the end of the period.
|
1
year |
3
years |
5
years |
10
years | |||||
Class
J |
$253 |
$482 |
$845 |
$1,864 | ||||
Institutional
Class |
104 |
|
331 |
|
586 |
|
1,315 |
|
Class
R-1 |
192 |
|
600 |
|
1,043 |
|
2,273 |
|
Class
R-2 |
179 |
|
560 |
|
976 |
|
2,135 |
|
Class
R-3 |
161 |
|
505 |
|
882 |
|
1,941 |
|
Class
R-4 |
142 |
|
446 |
|
783 |
|
1,733 |
|
Class
R-5 |
129 |
|
409 |
|
719 |
|
1,599 |
|
Class
R-6 |
108 |
|
356 |
|
|
|
|
|
1
year |
3
years |
5
years |
10
years | |
Class
J |
$153 |
$482 |
$845 |
$1,864 |
• |
For Classes J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, R-5, and R-6 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
19.78 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(29.22 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Institutional
Class Return Before Taxes |
43.00% |
26.16% |
10.31% |
Institutional
Class Return After Taxes on Distributions |
39.24% |
25.04% |
9.58% |
Institutional
Class Return After Taxes on Distribution and Sale of Fund
Shares |
26.67% |
21.69% |
8.48% |
Class J
Return Before Taxes |
41.25% |
25.31% |
9.44% |
Class R-1
Return Before Taxes |
41.66% |
25.10% |
9.36% |
Class R-2
Return Before Taxes |
41.88% |
25.27% |
9.50% |
Class R-3
Return Before Taxes |
42.14% |
25.48% |
9.70% |
Class R-4
Return Before Taxes |
42.31% |
25.71% |
9.90% |
Class R-5
Return Before Taxes |
42.52% |
25.82% |
10.03% |
Class R-6
Return Before Taxes |
43.00% |
26.16% |
10.31% |
Russell 2000 Growth Index
(reflects no deduction for fees, expenses, or taxes) |
43.30% |
22.58% |
9.41% |
(1)
|
The Fund is showing after-tax
returns for Institutional Class shares after combining separate
prospectuses. |
• |
James W. Fennessey (since
2009), Portfolio Manager |
• |
Randy L. Welch (since 2009),
Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
J |
Initial
Investment |
$1,000(1) |
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, R-5, and R-6 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks long-term
growth of capital. |
Share
Class | |||||||
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is paid, whichever is less) |
1.00% |
None |
None |
None |
None |
None |
None |
Share
Class | |||||||
J |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 | |
Management Fees |
0.15% |
0.15% |
0.15% |
0.15% |
0.15% |
0.15% |
0.15% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
Other Expenses |
0.21% |
0.06% |
0.54% |
0.46% |
0.33% |
0.29% |
0.27% |
Acquired Fund Fees and
Expenses |
0.05% |
0.05% |
0.05% |
0.05% |
0.05% |
0.05% |
0.05% |
Total Annual
Fund Operating Expenses |
0.66% |
0.26% |
1.09% |
0.96% |
0.78% |
0.59% |
0.47% |
Fee Waiver and Expense
Reimbursement(2)(3) |
(0.01)% |
—% |
N/A |
N/A |
N/A |
N/A |
N/A |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
0.65% |
0.26% |
1.09% |
0.96% |
0.78% |
0.59% |
0.47% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | |||||||
(2) Principal
Funds Distributor, Inc. ("the Distributor") has contractually agreed to
limit the Distribution Fees attributable to Class J. The limit will
maintain the level of Distribution Fees not to exceed 0.24%. It is
expected that the fee waiver will continue through the period ending
February 28, 2015; however, Principal Funds, Inc. and the Distributor, the
parties to the agreement, may agree to terminate the fee waiver prior to
the end of the period. | |||||||
(3) Principal Management
Corporation ("Principal"), the investment advisor, has contractually
agreed to limit the Fund’s expenses by paying, if necessary, expenses
normally payable by the Fund, (excluding interest expense, expenses
related to fund investments, acquired fund fees and expenses, and other
extraordinary expenses) to maintain a total level of operating expenses
(expressed as a percent of average net assets on an annualized basis) not
to exceed 0.25% for Institutional class shares. It is expected that the
expense limit will continue through the period ending February 28, 2015;
however, Principal Funds, Inc. and Principal, the parties to the
agreement, may agree to terminate the expense limit prior to the end of
the period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
J |
$166 |
$210 |
$367 |
$821 | ||||
Institutional
Class |
27 |
|
84 |
|
146 |
|
331 |
|
Class
R-1 |
111 |
|
347 |
|
601 |
|
1,329 |
|
Class
R-2 |
98 |
|
306 |
|
531 |
|
1,178 |
|
Class
R-3 |
80 |
|
249 |
|
433 |
|
966 |
|
Class
R-4 |
60 |
|
189 |
|
329 |
|
738 |
|
Class
R-5 |
48 |
|
151 |
|
263 |
|
591 |
|
1
year |
3
years |
5
years |
10
years | |
Class
J |
$66 |
$210 |
$367 |
$821 |
Note: |
"Standard & Poor's
SmallCap 600" and "S&P SmallCap 600" are trademarks of The McGraw-Hill
Companies, Inc. and have been licensed by Principal. The Fund is not
sponsored, endorsed, sold or promoted by Standard & Poor's and
Standard & Poor's makes no representation regarding the advisability
of investing in the Fund. |
• |
For Classes J -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, and R-5 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q2
'09 |
20.85 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(25.21 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Institutional
Class Return Before Taxes |
40.90% |
21.06% |
10.43% |
Institutional
Class Return After Taxes on Distributions |
39.84% |
20.74% |
9.68% |
Institutional
Class Return After Taxes on Distribution and Sale of Fund
Shares |
23.99% |
17.30% |
8.50% |
Class J
Return Before Taxes |
39.34% |
20.41% |
9.72% |
Class R-1
Return Before Taxes |
39.76% |
20.04% |
9.49% |
Class R-2
Return Before Taxes |
39.88% |
20.21% |
9.62% |
Class R-3
Return Before Taxes |
40.15% |
20.43% |
9.83% |
Class R-4
Return Before Taxes |
40.43% |
20.66% |
10.03% |
Class R-5
Return Before Taxes |
40.63% |
20.81% |
10.17% |
S&P SmallCap 600 Index
(reflects no deduction for fees, expenses, or taxes) |
41.31% |
21.37% |
10.65% |
(1)
|
The Fund is showing after-tax
returns for Institutional Class shares after combining separate
prospectuses. |
• |
Thomas L. Kruchten (since
2011), Research Analyst and Portfolio
Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
J |
Initial
Investment |
$1,000(1) |
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
J |
Subsequent
Investments |
$100(1)(2) |
Institutional,
R-1, R-2, R-3, R-4, and R-5 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective: |
The Fund seeks long-term
growth of capital. |
Share
Class | ||||||||||
A |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 |
R-6 | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
None |
None |
None |
None |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
None |
None |
None |
None |
None |
None |
None |
None |
Share
Class | ||||||||||
A |
J |
P |
Inst. |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 |
R-6 | |
Management Fees |
0.98% |
0.98% |
0.98% |
0.98% |
0.98% |
0.98% |
0.98% |
0.98% |
0.98% |
0.98% |
Distribution and/or Service
(12b-1) Fees (1) |
0.25% |
0.25% |
N/A |
N/A |
0.35% |
0.30% |
0.25% |
0.10% |
N/A |
N/A |
Other Expenses
(2) |
0.40% |
0.42% |
0.27% |
0.02% |
0.54% |
0.46% |
0.33% |
0.29% |
0.27% |
0.08% |
Acquired Fund Fees and
Expenses |
0.12% |
0.12% |
0.12% |
0.12% |
0.12% |
0.12% |
0.12% |
0.12% |
0.12% |
0.12% |
Total Annual
Fund Operating Expenses |
1.75% |
1.77% |
1.37% |
1.12% |
1.99% |
1.86% |
1.68% |
1.49% |
1.37% |
1.18% |
Fee Waiver and Expense
Reimbursement (3)(4)(5)(6) |
(0.18)% |
(0.03)% |
(0.09)% |
(0.02)% |
(0.02)% |
(0.02)% |
(0.02)% |
(0.02)% |
(0.02)% |
(0.05)% |
Total Annual
Fund Operating Expenses after Fee Waiver and Expense
Reimbursement |
1.57% |
1.74% |
1.28% |
1.10% |
1.97% |
1.84% |
1.66% |
1.47% |
1.35% |
1.13% |
(1) Expense information in the
table has been restated to reflect current fees. Effective December 30,
2013, the Distribution and/or Service (12b-1) Fees for Class J shares were
reduced. | ||||||||||
(2) Based on estimated expenses
for the current fiscal year. (Class A, P, and R-6) | ||||||||||
(3)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund's
Management Fees through the period ending February 28, 2015. The fee
waiver will reduce the Fund's Management Fees by 0.024% (expressed as a
percent of average net assets on an annualized basis). It is expected that
the fee waiver will continue through the period disclosed; however,
Principal Funds, Inc. and Principal, the parties to the agreement may
agree to terminate the fee waiver prior to the end of the
period. | ||||||||||
(4)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund's
Management Fees through the period ending February 29, 2016. The fee
waiver will reduce the Fund's Management Fees by 0.024% (expressed as a
percent of average net assets on an annualized basis). It is expected that
the fee waiver will continue through the period disclosed; however,
Principal Funds, Inc. and Principal, the parties to the agreement may
agree to terminate the fee waiver prior to the end of the
period. | ||||||||||
(5)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund's
expenses by paying, if necessary, expenses normally payable by the Fund,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses) to
maintain a total level of operating expenses (expressed as a percent of
average net assets on an annualized basis) not to exceed 1.45% for Class
A, and 1.01% for Class R-6 shares. In addition, for Class P, the expense
limit will maintain "Other Expenses" (expressed as a percent of average
net assets on an annualized basis) not to exceed 0.20% (excluding interest
expense, expenses related to fund investments, acquired fund fees and
expenses, and other extraordinary expenses). It is expected that the
expense limit will continue through the period ending February 29, 2016;
however, Principal Funds, Inc. and Principal, the parties to the
agreement, may agree to terminate the expense limit prior to the end of
the period. | ||||||||||
(6)
Principal Funds Distributor, Inc. ("the
Distributor") has contractually agreed to limit the Distribution Fees
attributable to Class J. The limit will maintain the level of Distribution
Fees not to exceed 0.24%. It is expected that the fee waiver will continue
through the period ending February 28, 2015; however, Principal Funds,
Inc. and the Distributor, the parties to the agreement, may agree to
terminate the fee waiver prior to the end of the
period. |
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$701 |
$1,034 |
|
| ||||
Class
J |
277 |
|
554 |
|
956 |
|
2,081 |
|
Class P
|
130 |
|
414 |
|
|
|
|
|
Institutional
Class |
112 |
|
354 |
|
615 |
|
1,361 |
|
Class
R-1 |
200 |
|
622 |
|
1,070 |
|
2,315 |
|
Class
R-2 |
187 |
|
582 |
|
1,004 |
|
2,178 |
|
Class
R-3 |
169 |
|
527 |
|
910 |
|
1,985 |
|
Class
R-4 |
150 |
|
469 |
|
811 |
|
1,777 |
|
Class
R-5 |
137 |
|
432 |
|
748 |
|
1,644 |
|
Class
R-6 |
115 |
|
369 |
|
|
|
|
|
1
year |
3
years |
5
years |
10
years | |
Class
J |
$177 |
$554 |
$956 |
$2,081 |
• |
For Classes A, J, and P -
www.principalfunds.com. |
• |
For Classes Institutional,
R-1, R-2, R-3, R-4, R-5, and R-6 - www.principal.com.
|
Highest
return for a quarter during the period of the bar chart
above: |
Q3
'09 |
23.75 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(27.14 |
)% |
Average
Annual Total Returns(1) | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
Life of
Fund |
Class A
Return Before Taxes |
39.96% |
19.18% |
7.84% |
Class A
Return After Taxes on Distributions |
28.90% |
18.70% |
6.68% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
19.16% |
15.65% |
6.12% |
Class J
Return Before Taxes |
37.36% |
20.19% |
8.08% |
Class P
Return Before Taxes |
38.95% |
20.90% |
8.78% |
Institutional
Class Return Before Taxes |
39.20% |
21.10% |
8.96% |
Class R-1
Return Before Taxes |
38.06% |
20.04% |
8.01% |
Class R-2
Return Before Taxes |
38.26% |
20.23% |
8.15% |
Class R-3
Return Before Taxes |
38.43% |
20.41% |
8.34% |
Class R-4
Return Before Taxes |
38.68% |
20.67% |
8.54% |
Class R-5
Return Before Taxes |
38.86% |
20.79% |
8.67% |
Class R-6
Return Before Taxes |
38.99% |
20.94% |
8.82% |
Russell 2000 Value Index
(reflects no deduction for fees, expenses, or taxes) |
34.52% |
17.64% |
8.63% |
(1)
|
The Fund is showing after-tax
returns for Class A shares after combining separate prospectuses.
|
• |
James W. Fennessey (since
2009), Portfolio Manager |
• |
Randy L. Welch (since 2009),
Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A and
J |
Initial
Investment |
$1,000(1) |
A and
J |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A and
J |
Subsequent
Investments |
$100(1)(2) |
P,
Institutional, R-1, R-2, R-3, R-4, R-5, and R-6 |
There are no minimum initial or
subsequent investment requirements for eligible purchases. |
N/A |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
Objective:
|
The Fund seeks to provide a
high level of income that is exempt from federal income tax while
protecting investors’ capital. |
Share
Class | ||
A |
C | |
Maximum Sales Charge (Load)
Imposed on Purchases (as a percentage of offering price) |
3.75% |
None |
Maximum Deferred Sales Charge
(Load) (as a percentage of the offering price or NAV when Sales Load is
paid, whichever is less) |
1.00% |
1.00% |
Share
Class | ||
A |
C | |
Management Fees |
0.45% |
0.45% |
Distribution and/or Service
(12b-1) Fees |
0.25% |
1.00% |
Other Expenses |
||
Interest
Expense |
0.03% |
0.03% |
Remainder of Other
Expenses |
0.08% |
0.39% |
Total Annual
Fund Operating Expenses |
0.81% |
1.87% |
Expense
Reimbursement(1) |
N/A |
(0.24)% |
Total Annual
Fund Operating Expenses after Expense Reimbursement |
0.81% |
1.63% |
(1)
Principal Management Corporation ("Principal"),
the investment advisor, has contractually agreed to limit the Fund’s
expenses by paying, if necessary, expenses normally payable by the Fund,
(excluding interest expense, expenses related to fund investments,
acquired fund fees and expenses, and other extraordinary expenses) to
maintain a total level of operating expenses (expressed as a percent of
average net assets on an annualized basis) not to exceed 1.60% for Class C
shares. It is expected that the expense limit will continue through the
period ending February 28, 2015; however, Principal Funds, Inc. and
Principal, the parties to the agreement, may agree to terminate the
expense limit prior to the end of the period.
|
1
year |
3
years |
5
years |
10
years | |||||
Class
A |
$455 |
$624 |
$808 |
$1,339 | ||||
Class
C |
266 |
|
561 |
|
985 |
|
2,167 |
|
1
year |
3
years |
5
years |
10
years | |||||
Class
C |
166 |
|
561 |
|
985 |
|
2,167 |
|
Highest
return for a quarter during the period of the bar chart
above: |
Q3
'09 |
10.13 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q4
'08 |
(5.96 |
)% |
Average
Annual Total Returns | |||
For the
periods ended December 31, 2013 |
1
Year |
5
Years |
10
Years |
Class A
Return Before Taxes |
(8.18)% |
6.35% |
3.05% |
Class A
Return After Taxes on Distributions |
(8.18)% |
6.35% |
3.00% |
Class A
Return After Taxes on Distribution and Sale of Fund Shares |
(2.93)% |
6.06% |
3.34% |
Class C
Return Before Taxes |
(6.47)% |
6.33% |
2.62% |
Barclays Municipal Bond
Index (reflects no deduction for
fees, expenses, or taxes) |
(2.55)% |
5.89% |
4.29% |
• |
James Noble (since 2013),
Portfolio Manager |
• |
James Welch (since 2014),
Portfolio Manager |
Share
Class |
Investment
Type |
Purchase
Minimum Per Fund |
A and
C |
Initial
Investment |
$1,000(1) |
A and
C |
For accounts with an Automatic
Investment Plan (AIP) |
$100 |
A and
C |
Subsequent
Investments |
$100(1)(2) |
(1)
|
Some exceptions apply; see
"Purchase of Fund Shares - Minimum Investments" for more
information. |
(2)
|
For accounts with an AIP, the
subsequent automatic investments must total $1,200 annually if the initial
$1,000 minimum has not been met. |
INVESTMENT
STRATEGIES
AND
RISKS |
BOND &
MORTGAGE SECURITIES |
CALIFORNIA
MUNICIPAL |
CORE PLUS
BOND I |
DIVERSIFIED
INTERNATIONAL |
EQUITY
INCOME |
Bank Loans (also known as
Senior Floating Rate interests) |
Non-Principal |
Not Applicable |
Non-Principal |
Not Applicable |
Non-Principal |
Commodity Index-Linked
Notes |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Convertible
Securities |
Non-Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Non-Principal |
Derivatives |
Principal |
Non-Principal |
Principal |
Non-Principal |
Not
Applicable |
Emerging
Markets |
Non-Principal |
Not Applicable |
Principal |
Principal |
Non-Principal |
Equity
Securities |
Not Applicable |
Not Applicable |
Non-Principal |
Principal |
Principal |
Exchange Traded Funds
(ETFs) |
Not Applicable |
Non-Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Fixed-Income
Securities |
Principal |
Principal |
Principal |
Non-Principal |
Non-Principal |
Foreign
Securities |
Principal |
Not Applicable |
Principal |
Principal |
Principal |
Fund of Funds |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Geographic Concentration
Risk |
Not Applicable |
Principal |
Not Applicable |
Not Applicable |
Not
Applicable |
Hedging |
Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Not
Applicable |
High Yield
Securities |
Principal |
Principal |
Principal |
Not Applicable |
Non-Principal |
Index Funds |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Industry
Concentration |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Initial Public Offerings
("IPOs") |
Not Applicable |
Not Applicable |
Non-Principal |
Non-Principal |
Non-Principal |
Inverse Floating Rate
Investments |
Not Applicable |
Principal |
Not Applicable |
Not Applicable |
Not
Applicable |
Leverage |
Principal |
Principal |
Principal |
Non-Principal |
Not
Applicable |
Liquidity
Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Management
Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Market
Volatility and Issuer Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Master Limited
Partnerships |
Not Applicable |
Not Applicable |
Not Applicable |
Non-Principal |
Non-Principal |
Municipal Obligations and
AMT-Subject Bonds |
Non-Principal |
Principal |
Principal |
Not Applicable |
Non-Principal |
Portfolio
Turnover |
Principal |
Non-Principal |
Principal |
Non-Principal |
Non-Principal |
Preferred
Securities |
Non-Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Non-Principal |
Real Estate Investment
Trusts |
Non-Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Principal |
Real Estate
Securities |
Principal |
Not Applicable |
Principal |
Non-Principal |
Principal |
Repurchase
Agreements |
Non-Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Non-Principal |
Royalty Trusts |
Not Applicable |
Not Applicable |
Not Applicable |
Non-Principal |
Non-Principal |
Securitized
Products |
Principal |
Not Applicable |
Principal |
Not Applicable |
Not
Applicable |
Short Sales |
Not Applicable |
Not Applicable |
Principal |
Not Applicable |
Not
Applicable |
Small and Medium Market
Capitalization Companies |
Non-Principal |
Non-Principal |
Non-Principal |
Principal |
Non-Principal |
Temporary Defensive
Measures |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Underlying
Funds |
Principal |
Not Applicable |
Not Applicable |
Principal |
Principal |
(1) |
These risks are not deemed
principal for purposes of this table because they apply to almost all
funds; however, in certain circumstances, they could significantly affect
the net asset value, yield, and total
return. |
INVESTMENT
STRATEGIES
AND
RISKS |
GLOBAL
DIVERSIFIED INCOME |
GLOBAL
REAL ESTATE
SECURITIES |
GOVERNMENT
& HIGH QUALITY BOND |
HIGH
YIELD |
HIGH YIELD
I |
Bank Loans (also known as
Senior Floating Rate interests) |
Principal |
Not Applicable |
Not Applicable |
Principal |
Principal |
Commodity Index-Linked
Notes |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Convertible
Securities |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Derivatives |
Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Emerging
Markets |
Principal |
Non-Principal |
Not Applicable |
Principal |
Non-Principal |
Equity
Securities |
Principal |
Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Exchange Traded Funds
(ETFs) |
Non-Principal |
Non-Principal |
Not Applicable |
Not Applicable |
Not
Applicable |
Fixed-Income
Securities |
Principal |
Non-Principal |
Principal |
Principal |
Principal |
Foreign
Securities |
Principal |
Principal |
Not Applicable |
Principal |
Principal |
Fund of Funds |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Geographic Concentration
Risk |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Hedging |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
High Yield
Securities |
Principal |
Non-Principal |
Non-Principal |
Principal |
Principal |
Index Funds |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Industry
Concentration |
Not Applicable |
Principal |
Not Applicable |
Not Applicable |
Not
Applicable |
Initial Public Offerings
("IPOs") |
Non-Principal |
Non-Principal |
Not Applicable |
Not Applicable |
Not
Applicable |
Inverse Floating Rate
Investments |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Leverage |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Liquidity
Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Management
Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Market
Volatility and Issuer Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Master Limited
Partnerships |
Principal |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Municipal Obligations and
AMT-Subject Bonds |
Non-Principal |
Not Applicable |
Non-Principal |
Not Applicable |
Not
Applicable |
Portfolio
Turnover |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Preferred
Securities |
Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Real Estate Investment
Trusts |
Principal |
Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Real Estate
Securities |
Principal |
Principal |
Principal |
Non-Principal |
Non-Principal |
Repurchase
Agreements |
Non-Principal |
Non-Principal |
Non-Principal |
Not Applicable |
Not
Applicable |
Royalty Trusts |
Non-Principal |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Securitized
Products |
Principal |
Non-Principal |
Principal |
Non-Principal |
Non-Principal |
Short Sales |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Small and Medium Market
Capitalization Companies |
Non-Principal |
Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Temporary Defensive
Measures |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Underlying
Funds |
Principal |
Principal |
Principal |
Principal |
Principal |
(1) |
These risks are not deemed
principal for purposes of this table because they apply to almost all
funds; however, in certain circumstances, they could significantly affect
the net asset value, yield, and total
return. |
INVESTMENT
STRATEGIES
AND
RISKS |
INCOME |
INFLATION
PROTECTION |
INTERNATIONAL
EMERGING
MARKETS |
INTERNATIONAL
I |
LARGECAP
BLEND II |
Bank Loans (also known as
Senior Floating Rate interests) |
Non-Principal |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Commodity Index-Linked
Notes |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Convertible
Securities |
Non-Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Non-Principal |
Derivatives |
Non-Principal |
Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Emerging
Markets |
Non-Principal |
Not Applicable |
Principal |
Principal |
Not
Applicable |
Equity
Securities |
Non-Principal |
Not Applicable |
Principal |
Principal |
Principal |
Exchange Traded Funds
(ETFs) |
Not Applicable |
Not Applicable |
Non-Principal |
Not Applicable |
Non-Principal |
Fixed-Income
Securities |
Principal |
Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Foreign
Securities |
Principal |
Principal |
Principal |
Principal |
Non-Principal |
Fund of Funds |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Geographic Concentration
Risk |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Hedging |
Non-Principal |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
High Yield
Securities |
Principal |
Non-Principal |
Not Applicable |
Not Applicable |
Not
Applicable |
Index Funds |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Industry
Concentration |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Initial Public Offerings
("IPOs") |
Not Applicable |
Not Applicable |
Non-Principal |
Non-Principal |
Non-Principal |
Inverse Floating Rate
Investments |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Leverage |
Non-Principal |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Liquidity Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Management Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Market Volatility and Issuer
Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Master Limited
Partnerships |
Not Applicable |
Not Applicable |
Non-Principal |
Non-Principal |
Non-Principal |
Municipal Obligations and
AMT-Subject Bonds |
Non-Principal |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Portfolio
Turnover |
Non-Principal |
Principal |
Principal |
Non-Principal |
Non-Principal |
Preferred
Securities |
Non-Principal |
Not Applicable |
Non-Principal |
Not Applicable |
Non-Principal |
Real Estate Investment
Trusts |
Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Non-Principal |
Real Estate
Securities |
Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Repurchase
Agreements |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Royalty Trusts |
Not Applicable |
Not Applicable |
Non-Principal |
Non-Principal |
Non-Principal |
Securitized
Products |
Principal |
Non-Principal |
Not Applicable |
Not Applicable |
Not
Applicable |
Short Sales |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Small and Medium Market
Capitalization Companies |
Non-Principal |
Non-Principal |
Principal |
Principal |
Non-Principal |
Temporary Defensive
Measures |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Underlying
Funds |
Principal |
Principal |
Principal |
Not Applicable |
Not
Applicable |
(1) |
These risks are not deemed
principal for purposes of this table because they apply to almost all
funds; however, in certain circumstances, they could significantly affect
the net asset value, yield, and total
return. |
INVESTMENT
STRATEGIES
AND
RISKS |
LARGECAP
GROWTH |
LARGECAP
GROWTH I |
LARGECAP
GROWTH II |
LARGECAP
S&P 500
INDEX |
LARGECAP
VALUE |
Bank Loans (also known as
Senior Floating Rate interests) |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Commodity Index-Linked
Notes |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Convertible
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Derivatives |
Not Applicable |
Non-Principal |
Non-Principal |
Principal |
Non-Principal |
Emerging
Markets |
Not Applicable |
Non-Principal |
Non-Principal |
Not Applicable |
Not
Applicable |
Equity
Securities |
Principal |
Principal |
Principal |
Principal |
Principal |
Exchange Traded Funds
(ETFs) |
Non-Principal |
Non-Principal |
Non-Principal |
Principal |
Non-Principal |
Fixed-Income
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Foreign
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Fund of Funds |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Geographic Concentration
Risk |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Hedging |
Not Applicable |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
High Yield
Securities |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Index Funds |
Not Applicable |
Not Applicable |
Not Applicable |
Principal |
Not
Applicable |
Industry
Concentration |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable(2) |
Not
Applicable |
Initial Public Offerings
("IPOs") |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Inverse Floating Rate
Investments |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Leverage |
Not Applicable |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Liquidity
Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Management
Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Market
Volatility and Issuer Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Master Limited
Partnerships |
Non-Principal |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Municipal Obligations and
AMT-Subject Bonds |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Portfolio
Turnover |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Principal |
Preferred
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Real Estate Investment
Trusts |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Real Estate
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Repurchase
Agreements |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Royalty Trusts |
Non-Principal |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Securitized
Products |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Short Sales |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Small and Medium Market
Capitalization Companies |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Temporary Defensive
Measures |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Underlying
Funds |
Principal |
Principal |
Principal |
Principal |
Principal |
(1) |
These risks are not deemed
principal for purposes of this table because they apply to almost all
funds; however, in certain circumstances, they could significantly affect
the net asset value, yield, and total
return. |
(2) |
The Index Fund may concentrate
its investments in a particular industry only to the extent that the
relevant index is so concentrated. |
INVESTMENT
STRATEGIES
AND
RISKS |
LARGECAP
VALUE III |
MIDCAP |
MIDCAP
GROWTH |
MIDCAP
GROWTH III |
MIDCAP
S&P 400 INDEX |
Bank Loans (also known as
Senior Floating Rate interests) |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Commodity Index-Linked
Notes |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Convertible
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Not
Applicable |
Derivatives |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Principal |
Emerging
Markets |
Not Applicable |
Not Applicable |
Non-Principal |
Non-Principal |
Not
Applicable |
Equity
Securities |
Principal |
Principal |
Principal |
Principal |
Principal |
Exchange Traded Funds
(ETFs) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Principal |
Fixed-Income
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Not
Applicable |
Foreign
Securities |
Non-Principal |
Principal |
Non-Principal |
Principal |
Not
Applicable |
Fund of Funds |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Geographic Concentration
Risk |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Hedging |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Not
Applicable |
High Yield
Securities |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Index Funds |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Principal |
Industry
Concentration |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable(2) |
Initial Public Offerings
("IPOs") |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Inverse Floating Rate
Investments |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Leverage |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Liquidity
Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Management
Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Market
Volatility and Issuer Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Master Limited
Partnerships |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Not
Applicable |
Municipal Obligations and
AMT-Subject Bonds |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Portfolio
Turnover |
Non-Principal |
Non-Principal |
Principal |
Principal |
Non-Principal |
Preferred
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Not
Applicable |
Real Estate Investment
Trusts |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Real Estate
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Repurchase
Agreements |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Royalty Trusts |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Not
Applicable |
Securitized
Products |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Short Sales |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Small and Medium Market
Capitalization Companies |
Non-Principal |
Principal |
Principal |
Principal |
Principal |
Temporary Defensive
Measures |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Underlying
Funds |
Principal |
Principal |
Not Applicable |
Principal |
Principal |
(1) |
These risks are not deemed
principal for purposes of this table because they apply to almost all
funds; however, in certain circumstances, they could significantly affect
the net asset value, yield, and total
return. |
(2) |
The Index Fund may concentrate
its investments in a particular industry only to the extent that the
relevant index is so concentrated. |
INVESTMENT
STRATEGIES
AND
RISKS |
MIDCAP VALUE
I |
MIDCAP VALUE
III |
MONEY
MARKET |
OVERSEAS |
PRINCIPAL
CAPITAL APPRECIATION |
Bank Loans (also known as
Senior Floating Rate interests) |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Non-Principal |
Commodity Index-Linked
Notes |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Convertible
Securities |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Derivatives |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Not
Applicable |
Emerging
Markets |
Non-Principal |
Not Applicable |
Not Applicable |
Principal |
Non-Principal |
Equity
Securities |
Principal |
Principal |
Not Applicable |
Principal |
Principal |
Exchange Traded Funds
(ETFs) |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Fixed-Income
Securities |
Non-Principal |
Non-Principal |
Principal |
Non-Principal |
Non-Principal |
Foreign
Securities |
Non-Principal |
Non-Principal |
Principal |
Principal |
Non-Principal |
Fund of Funds |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Geographic Concentration
Risk |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Hedging |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Not
Applicable |
High Yield
Securities |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Non-Principal |
Index Funds |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Industry
Concentration |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Initial Public Offerings
("IPOs") |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Inverse Floating Rate
Investments |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Leverage |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Not
Applicable |
Liquidity
Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Management
Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Market
Volatility and Issuer Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Master Limited
Partnerships |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Municipal Obligations and
AMT-Subject Bonds |
Not Applicable |
Not Applicable |
Non-Principal |
Not Applicable |
Not
Applicable |
Portfolio
Turnover |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Preferred
Securities |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Real Estate Investment
Trusts |
Principal |
Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Real Estate
Securities |
Principal |
Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Repurchase
Agreements |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Royalty Trusts |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Securitized
Products |
Not Applicable |
Not Applicable |
Non-Principal |
Not Applicable |
Not
Applicable |
Short Sales |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Small and Medium Market
Capitalization Companies |
Principal |
Principal |
Not Applicable |
Principal |
Principal |
Temporary Defensive
Measures |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Non-Principal |
Underlying
Funds |
Not Applicable |
Principal |
Not Applicable |
Principal |
Principal |
(1) |
These risks are not deemed
principal for purposes of this table because they apply to almost all
funds; however, in certain circumstances, they could significantly affect
the net asset value, yield, and total
return. |
INVESTMENT
STRATEGIES
AND
RISKS |
PRINCIPAL
LIFETIME STRATEGIC INCOME |
PRINCIPAL
LIFETIME 2010 |
PRINCIPAL
LIFETIME 2015 |
PRINCIPAL
LIFETIME 2020 |
PRINCIPAL
LIFETIME 2025 |
Bank Loans (also known as
Senior Floating Rate interests) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Commodity Index-Linked
Notes |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Convertible
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Derivatives |
Principal |
Principal |
Principal |
Principal |
Principal |
Emerging
Markets |
Non-Principal |
Principal |
Principal |
Principal |
Principal |
Equity
Securities |
Principal |
Principal |
Principal |
Principal |
Principal |
Exchange Traded Funds
(ETFs) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Fixed-Income
Securities |
Principal |
Principal |
Principal |
Principal |
Principal |
Foreign
Securities |
Principal |
Principal |
Principal |
Principal |
Principal |
Fund of Funds |
Principal |
Principal |
Principal |
Principal |
Principal |
Geographic Concentration
Risk |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Hedging |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
High Yield
Securities |
Principal |
Principal |
Principal |
Principal |
Principal |
Index Funds |
Principal |
Principal |
Principal |
Principal |
Principal |
Industry
Concentration |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Initial Public Offerings
("IPOs") |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Inverse Floating Rate
Investments |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Leverage |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Liquidity
Risk(1) |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Management
Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Market
Volatility and Issuer Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Master Limited
Partnerships |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Municipal Obligations and
AMT-Subject Bonds |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Portfolio
Turnover |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Preferred
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Real Estate Investment
Trusts |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Real Estate
Securities |
Principal |
Principal |
Principal |
Principal |
Principal |
Repurchase
Agreements |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Royalty Trusts |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Securitized
Products |
Principal |
Principal |
Principal |
Non-Principal |
Non-Principal |
Short Sales |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Small and Medium Market
Capitalization Companies |
Non-Principal |
Non-Principal |
Non-Principal |
Principal |
Principal |
Temporary Defensive
Measures |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Underlying
Funds |
Principal(3) |
Principal(3) |
Principal(3) |
Principal(3) |
Principal(3) |
(1) |
These risks are not deemed
principal for purposes of this table because they apply to almost all
funds; however, in certain circumstances, they could significantly affect
the net asset value, yield, and total
return. |
(3) |
A fund of funds is subject to
the risks of the underlying funds in which it invests, and the underlying
funds are subject to the risk of being an underlying
fund. |
INVESTMENT
STRATEGIES
AND
RISKS |
PRINCIPAL
LIFETIME
2030 |
PRINCIPAL
LIFETIME 2035 |
PRINCIPAL
LIFETIME 2040 |
PRINCIPAL
LIFETIME 2045 |
PRINCIPAL
LIFETIME 2050 |
Bank Loans (also known as
Senior Floating Rate interests) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Commodity Index-Linked
Notes |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Convertible
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Derivatives |
Principal |
Principal |
Principal |
Principal |
Principal |
Emerging
Markets |
Principal |
Principal |
Principal |
Principal |
Principal |
Equity
Securities |
Principal |
Principal |
Principal |
Principal |
Principal |
Exchange Traded Funds
(ETFs) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Fixed-Income
Securities |
Principal |
Principal |
Principal |
Principal |
Principal |
Foreign
Securities |
Principal |
Principal |
Principal |
Principal |
Principal |
Fund of Funds |
Principal |
Principal |
Principal |
Principal |
Principal |
Geographic Concentration
Risk |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Hedging |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
High Yield
Securities |
Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Index Funds |
Principal |
Principal |
Principal |
Principal |
Principal |
Industry
Concentration |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Initial Public Offerings
("IPOs") |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Inverse Floating Rate
Investments |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Leverage |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Liquidity
Risk(1) |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Management
Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Market
Volatility and Issuer Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Master Limited
Partnerships |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Municipal Obligations and
AMT-Subject Bonds |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Portfolio
Turnover |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Preferred
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Real Estate Investment
Trusts |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Real Estate
Securities |
Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Repurchase
Agreements |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Royalty Trusts |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Securitized
Products |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Short Sales |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Small and Medium Market
Capitalization Companies |
Principal |
Principal |
Principal |
Principal |
Principal |
Temporary Defensive
Measures |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Underlying
Funds |
Principal(3) |
Principal(3) |
Principal(3) |
Principal(3) |
Principal(3) |
(1) |
These risks are not deemed
principal for purposes of this table because they apply to almost all
funds; however, in certain circumstances, they could significantly affect
the net asset value, yield, and total
return. |
(3) |
A fund of funds is subject to
the risks of the underlying funds in which it invests, and the underlying
funds are subject to the risk of being an underlying
fund. |
INVESTMENT
STRATEGIES
AND
RISKS |
PRINCIPAL
LIFETIME
2055 |
PRINCIPAL
LIFETIME 2060 |
PRINCIPAL
LIFETIME HYBRID INCOME |
PRINCIPAL
LIFETIME HYBRID 2015 |
PRINCIPAL
LIFETIME HYBRID 2020 |
Bank Loans (also known as
Senior Floating Rate interests) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Commodity Index-Linked
Notes |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Convertible
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Derivatives |
Principal |
Principal |
Principal |
Principal |
Principal |
Emerging
Markets |
Principal |
Principal |
Non-Principal |
Principal |
Principal |
Equity
Securities |
Principal |
Principal |
Principal |
Principal |
Principal |
Exchange Traded Funds
(ETFs) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Fixed-Income
Securities |
Principal |
Principal |
Principal |
Principal |
Principal |
Foreign
Securities |
Principal |
Principal |
Principal |
Principal |
Principal |
Fund of Funds |
Principal |
Principal |
Principal |
Principal |
Principal |
Geographic Concentration
Risk |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Hedging |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
High Yield
Securities |
Non-Principal |
Non-Principal |
Principal |
Principal |
Principal |
Index Funds |
Principal |
Principal |
Principal |
Principal |
Principal |
Industry
Concentration |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Initial Public Offerings
("IPOs") |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Inverse Floating Rate
Investments |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Leverage |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Liquidity
Risk(1) |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Management
Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Market
Volatility and Issuer Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Master Limited
Partnerships |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Municipal Obligations and
AMT-Subject Bonds |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Portfolio
Turnover |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Preferred
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Real Estate Investment
Trusts |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Real Estate
Securities |
Non-Principal |
Non-Principal |
Principal |
Principal |
Principal |
Repurchase
Agreements |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Royalty Trusts |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Securitized
Products |
Non-Principal |
Non-Principal |
Principal |
Principal |
Non-Principal |
Short Sales |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Small and Medium Market
Capitalization Companies |
Principal |
Principal |
Non-Principal |
Non-Principal |
Principal |
Temporary Defensive
Measures |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Underlying
Funds |
Principal(3) |
Principal(3) |
Principal(3) |
Principal(3) |
Principal(3) |
(1) |
These risks are not deemed
principal for purposes of this table because they apply to almost all
funds; however, in certain circumstances, they could significantly affect
the net asset value, yield, and total
return. |
(3) |
A fund of funds is subject to
the risks of the underlying funds in which it invests, and the underlying
funds are subject to the risk of being an underlying
fund. |
INVESTMENT
STRATEGIES
AND
RISKS |
PRINCIPAL
LIFETIME HYBRID 2025 |
PRINCIPAL
LIFETIME HYBRID 2030 |
PRINCIPAL
LIFETIME HYBRID 2035 |
PRINCIPAL
LIFETIME HYBRID 2040 |
PRINCIPAL
LIFETIME HYBRID 2045 |
Bank Loans (also known as
Senior Floating Rate interests) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Commodity Index-Linked
Notes |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Convertible
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Derivatives |
Principal |
Principal |
Principal |
Principal |
Principal |
Emerging
Markets |
Principal |
Principal |
Principal |
Principal |
Principal |
Equity
Securities |
Principal |
Principal |
Principal |
Principal |
Principal |
Exchange Traded Funds
(ETFs) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Fixed-Income
Securities |
Principal |
Principal |
Principal |
Principal |
Principal |
Foreign
Securities |
Principal |
Principal |
Principal |
Principal |
Principal |
Fund of Funds |
Principal |
Principal |
Principal |
Principal |
Principal |
Geographic Concentration
Risk |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Hedging |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
High Yield
Securities |
Principal |
Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Index Funds |
Principal |
Principal |
Principal |
Principal |
Principal |
Industry
Concentration |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Initial Public Offerings
("IPOs") |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Inverse Floating Rate
Investments |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Leverage |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Liquidity
Risk(1) |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Management
Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Market
Volatility and Issuer Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Master Limited
Partnerships |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Municipal Obligations and
AMT-Subject Bonds |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Portfolio
Turnover |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Preferred
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Real Estate Investment
Trusts |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Real Estate
Securities |
Principal |
Principal |
Principal |
Principal |
Principal |
Repurchase
Agreements |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Royalty Trusts |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Securitized
Products |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Short Sales |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Small and Medium Market
Capitalization Companies |
Principal |
Principal |
Principal |
Principal |
Principal |
Temporary Defensive
Measures |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Underlying
Funds |
Principal(3) |
Principal(3) |
Principal(3) |
Principal(3) |
Principal(3) |
(1) |
These risks are not deemed
principal for purposes of this table because they apply to almost all
funds; however, in certain circumstances, they could significantly affect
the net asset value, yield, and total
return. |
(3) |
A fund of funds is subject to
the risks of the underlying funds in which it invests, and the underlying
funds are subject to the risk of being an underlying
fund. |
INVESTMENT
STRATEGIES
AND
RISKS |
PRINCIPAL
LIFETIME HYBRID 2050 |
PRINCIPAL
LIFETIME HYBRID 2055 |
PRINCIPAL
LIFETIME
HYBRID
2060 |
REAL ESTATE
SECURITIES |
SAM
FLEXIBLE
INCOME |
Bank Loans (also known as
Senior Floating Rate interests) |
Non-Principal |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Commodity Index-Linked
Notes |
Non-Principal |
Non-Principal |
Non-Principal |
Not Applicable |
Not Applicable
|
Convertible
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Derivatives |
Principal |
Principal |
Principal |
Non-Principal |
Non-Principal |
Emerging
Markets |
Principal |
Principal |
Principal |
Not Applicable |
Non-Principal |
Equity
Securities |
Principal |
Principal |
Principal |
Principal |
Principal |
Exchange Traded Funds
(ETFs) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Fixed-Income
Securities |
Principal |
Principal |
Principal |
Non-Principal |
Principal |
Foreign
Securities |
Principal |
Principal |
Principal |
Non-Principal |
Principal |
Fund of Funds |
Principal |
Principal |
Principal |
Not Applicable |
Principal |
Geographic Concentration
Risk |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Hedging |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
High Yield
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Principal |
Index Funds |
Principal |
Principal |
Principal |
Not Applicable |
Non-Principal |
Industry
Concentration |
Not Applicable |
Not Applicable |
Not Applicable |
Principal |
Not
Applicable |
Initial Public Offerings
("IPOs") |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Inverse Floating Rate
Investments |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Leverage |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Liquidity
Risk(1) |
Not Applicable |
Not Applicable |
Not Applicable |
Non-Principal |
Not
Applicable |
Management
Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Market
Volatility and Issuer Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Master Limited
Partnerships |
Non-Principal |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Municipal Obligations and
AMT-Subject Bonds |
Non-Principal |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Portfolio
Turnover |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Preferred
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Real Estate Investment
Trusts |
Non-Principal |
Non-Principal |
Non-Principal |
Principal |
Non-Principal |
Real Estate
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Principal |
Principal |
Repurchase
Agreements |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Royalty Trusts |
Non-Principal |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Securitized
Products |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Principal |
Short Sales |
Non-Principal |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Small and Medium Market
Capitalization Companies |
Principal |
Principal |
Principal |
Principal |
Non-Principal |
Temporary Defensive
Measures |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Underlying
Funds |
Principal(3) |
Principal(3) |
Principal(3) |
Not Applicable |
Principal(3) |
(1) |
These risks are not deemed
principal for purposes of this table because they apply to almost all
funds; however, in certain circumstances, they could significantly affect
the net asset value, yield, and total
return. |
(3) |
A fund of funds is subject to
the risks of the underlying funds in which it invests, and the underlying
funds are subject to the risk of being an underlying
fund. |
INVESTMENT
STRATEGIES
AND
RISKS |
SAM
CONSERVATIVE BALANCED |
SAM
BALANCED |
SAM
CONSERVATIVE GROWTH |
SAM
STRATEGIC GROWTH |
SHORT-TERM
INCOME |
Bank Loans (also known as
Senior Floating Rate interests) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Not
Applicable |
Commodity Index-Linked
Notes |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Convertible
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Derivatives |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Emerging
Markets |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Equity
Securities |
Principal |
Principal |
Principal |
Principal |
Not
Applicable |
Exchange Traded Funds
(ETFs) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Not
Applicable |
Fixed-Income
Securities |
Principal |
Principal |
Principal |
Non-Principal |
Principal |
Foreign
Securities |
Principal |
Principal |
Principal |
Principal |
Principal |
Fund of Funds |
Principal |
Principal |
Principal |
Principal |
Not
Applicable |
Geographic Concentration
Risk |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Hedging |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
High Yield
Securities |
Principal |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Index Funds |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Not
Applicable |
Industry
Concentration |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Initial Public Offerings
("IPOs") |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Not
Applicable |
Inverse Floating Rate
Investments |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Leverage |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Liquidity
Risk(1) |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Non-Principal |
Management
Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Market
Volatility and Issuer Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Master Limited
Partnerships |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Not
Applicable |
Municipal Obligations and
AMT-Subject Bonds |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Portfolio
Turnover |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Preferred
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Real Estate Investment
Trusts |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Principal |
Real Estate
Securities |
Principal |
Principal |
Non-Principal |
Non-Principal |
Principal |
Repurchase
Agreements |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Royalty Trusts |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Not
Applicable |
Securitized
Products |
Principal |
Principal |
Non-Principal |
Non-Principal |
Principal |
Short Sales |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Not
Applicable |
Small and Medium Market
Capitalization Companies |
Non-Principal |
Principal |
Principal |
Principal |
Non-Principal |
Temporary Defensive
Measures |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Underlying
Funds |
Principal(3) |
Principal(3) |
Principal(3) |
Principal(3) |
Principal |
(1) |
These risks are not deemed
principal for purposes of this table because they apply to almost all
funds; however, in certain circumstances, they could significantly affect
the net asset value, yield, and total
return. |
(3) |
A fund of funds is subject to
the risks of the underlying funds in which it invests, and the underlying
funds are subject to the risk of being an underlying
fund. |
INVESTMENT
STRATEGIES
AND
RISKS |
SMALLCAP
BLEND |
SMALLCAP
GROWTH I |
SMALLCAP
S&P 600 INDEX |
SMALLCAP
VALUE II |
TAX-EXEMPT
BOND |
Bank Loans (also known as
Senior Floating Rate interests) |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Commodity Index-Linked
Notes |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Convertible
Securities |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Not
Applicable |
Derivatives |
Non-Principal |
Non-Principal |
Principal |
Non-Principal |
Non-Principal |
Emerging
Markets |
Not Applicable |
Non-Principal |
Not Applicable |
Non-Principal |
Not
Applicable |
Equity
Securities |
Principal |
Principal |
Principal |
Principal |
Not
Applicable |
Exchange Traded Funds
(ETFs) |
Non-Principal |
Non-Principal |
Principal |
Non-Principal |
Non-Principal |
Fixed-Income
Securities |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Principal |
Foreign
Securities |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Not
Applicable |
Fund of Funds |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Geographic Concentration
Risk |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Principal |
Hedging |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Non-Principal |
High Yield
Securities |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Principal |
Index Funds |
Not Applicable |
Not Applicable |
Principal |
Not Applicable |
Not
Applicable |
Industry
Concentration |
Not Applicable |
Not Applicable |
Not
Applicable(2) |
Not Applicable |
Not
Applicable |
Initial Public Offerings
("IPOs") |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Not
Applicable |
Inverse Floating Rate
Investments |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Principal |
Leverage |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Principal |
Liquidity
Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Management
Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Market
Volatility and Issuer Risk(1) |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Master Limited
Partnerships |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Not
Applicable |
Municipal Obligations and
AMT-Subject Bonds |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Principal |
Portfolio
Turnover |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Preferred
Securities |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Not
Applicable |
Real Estate Investment
Trusts |
Non-Principal |
Non-Principal |
Non-Principal |
Principal |
Not
Applicable |
Real Estate
Securities |
Non-Principal |
Non-Principal |
Non-Principal |
Principal |
Not
Applicable |
Repurchase
Agreements |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Not
Applicable |
Royalty Trusts |
Non-Principal |
Non-Principal |
Not Applicable |
Non-Principal |
Not
Applicable |
Securitized
Products |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Short Sales |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
Not
Applicable |
Small and Medium Market
Capitalization Companies |
Principal |
Principal |
Principal |
Principal |
Non-Principal |
Temporary Defensive
Measures |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Non-Principal |
Underlying
Funds |
Not Applicable |
Principal |
Principal |
Principal |
Not
Applicable |
(1) |
These risks are not deemed
principal for purposes of this table because they apply to almost all
funds; however, in certain circumstances, they could significantly affect
the net asset value, yield, and total
return. |
(2) |
The Index Fund may concentrate
its investments in a particular industry only to the extent that the
relevant index is so concentrated. |
• |
the risk that the underlying
security, currency, interest rate, market index, or other financial asset
will not move in the direction Principal Management Corporation
(“Principal”) and/or Sub-Advisor
anticipated; |
• |
the possibility that there may
be no liquid secondary market which may make it difficult or impossible to
close out a position when desired; |
• |
the risk that adverse price
movements in an instrument can result in a loss substantially greater than
a fund's initial investment; |
• |
the possibility that the
counterparty may fail to perform its obligations;
and |
• |
the inability to close out
certain hedged positions to avoid adverse tax
consequences. |
• |
companies with their principal
place of business or principal office in emerging market countries
or |
• |
companies whose principal
securities trading market is an emerging market
country. |
• |
increased social, political,
and economic instability; |
• |
a smaller market for these
securities and low or nonexistent volume of trading that results in a lack
of liquidity and in greater price
volatility; |
• |
lack of publicly available
information, including reports of payments of dividends or interest on
outstanding securities; |
• |
foreign government policies
that may restrict opportunities, including restrictions on investment in
issuers or industries deemed sensitive to national
interests; |
• |
relatively new capital market
structure or market-oriented economy; |
• |
the possibility that recent
favorable economic developments may be slowed or reversed by unanticipated
political or social events in these
countries; |
• |
restrictions that may make it
difficult or impossible for the fund to vote proxies, exercise shareholder
rights, pursue legal remedies, and obtain judgments in foreign courts;
and |
• |
possible losses through the
holding of securities in domestic and foreign custodial banks and
depositories. |
• |
Interest Rate Changes:
Fixed-income securities are sensitive to changes in interest rates. In
general, fixed-income security prices rise when interest rates fall and
fall when interest rates rise. If interest rates fall, issuers of callable
bonds may call (repay) securities with high interest rates before their
maturity dates; this is known as call risk. In this case, a fund would
likely reinvest the proceeds from these securities at lower interest
rates, resulting in a decline in the fund's income. Floating rate
securities generally are less sensitive to interest rate changes but may
decline in value if their interest rates do not rise as much, or as
quickly, as interest rates in general. Conversely, floating rate
securities will not generally increase in value if interest rates decline.
Average duration is a mathematical calculation of the average life of a
bond (or bonds in a bond fund) that serves as a useful measure of its
price risk. Duration is an estimate of how much the value of the bonds
held by a fund will fluctuate in response to a change in interest rates.
For example, if a fund has an average duration of 4 years and interest
rates rise by 1%, the value of the bonds held by the fund will decline by
approximately 4%, and if the interest rates decline by 1%, the value of
the bonds held by the fund will increase by approximately 4%. Longer term
bonds and zero coupon bonds are generally more sensitive to interest rate
changes. Duration, which measures price sensitivity to interest rate
changes, is not necessarily equal to average
maturity. |
• |
Credit Risk:
Fixed-income security prices are also affected by the credit quality of
the issuer .
Investment-grade debt securities are medium and
high quality securities. Some bonds, such as lower grade or "junk" bonds,
may have speculative characteristics and may be particularly sensitive to
economic conditions and the financial condition of the issuers. Credit
risk refers to the possibility that the issuer of the security will not be
able to make principal and interest payments when due.
|
• |
companies with their principal
place of business or principal office outside the U.S.
or |
• |
companies whose principal
securities trading market is outside the
U.S. |
Underlying Fund |
Principal LifeTime 2010
Fund |
Principal LifeTime 2015
Fund |
Principal LifeTime 2020
Fund |
Principal LifeTime 2025
Fund |
Principal LifeTime 2030
Fund |
Principal LifeTime 2035
Fund |
Bond & Mortgage Securities
Fund |
10.93% |
10.25% |
8.88% |
6.84% |
5.16% |
3.90% |
Bond Market Index
Fund |
8.85% |
8.65% |
7.08% |
6.24% |
4.62% |
0.04 |
Core Plus Bond Fund
I |
10.98% |
10.13% |
8.91% |
6.81% |
5.15% |
3.91% |
Diversified International
Fund |
4.58% |
5.23% |
5.88% |
6.44% |
6.96% |
7.44% |
Diversified Real Asset
Fund |
3.79% |
4.02% |
2.88% |
2.32% |
2.04% |
1.59% |
Equity Income
Fund |
5.11% |
4.45% |
0.03 |
— |
— |
— |
Global Diversified Income
Fund |
4.99% |
3.38% |
0.02 |
0.01 |
— |
— |
Global Multi-Strategy
Fund |
2.77% |
2.72% |
2.44% |
2.51% |
2.36% |
2.26% |
Global Opportunities
Fund |
1.77% |
3.54% |
4.75% |
4.97% |
4.89% |
5.41% |
Global Real Estate Securities
Fund |
— |
—% |
3.43% |
4.08% |
4.71% |
5.22% |
High Yield Fund
I |
2.76% |
2.20% |
1.50% |
1.81% |
1.98% |
1.95% |
Inflation Protection
Fund |
4.58% |
3.60% |
2.66% |
0.02 |
0.01 |
0.01 |
International Emerging Markets
Fund |
1.51% |
2.04% |
2.74% |
3.03% |
3.34% |
3.61% |
LargeCap Growth
Fund |
— |
—% |
0.44% |
2.08% |
3.11% |
3.31% |
LargeCap Growth Fund
I |
6.59% |
8.20% |
9.42% |
10.46% |
11.92% |
12.91% |
LargeCap S&P 500 Index
Fund |
4.23% |
5.37% |
6.67% |
6.93% |
7.20% |
7.77% |
LargeCap Value
Fund |
2.34% |
3.38% |
4.41% |
5.06% |
5.36% |
6.12% |
LargeCap Value Fund
I |
1.31% |
1.74% |
2.42% |
2.08% |
2.96% |
3.23% |
LargeCap Value
III |
2.60% |
3.51% |
4.71% |
6.21% |
5.99% |
6.51% |
MidCap Fund |
4.89% |
2.96% |
0.01 |
0.01 |
— |
— |
MidCap Growth Fund
III |
— |
1.26% |
2.08% |
2.68% |
3.30% |
3.29% |
MidCap Value Fund
III |
— |
1.10% |
2.05% |
2.71% |
3.26% |
3.38% |
Overseas Fund |
4.83% |
5.45% |
6.05% |
6.69% |
8.08% |
7.85% |
Preferred Securities
Fund |
— |
— |
—% |
1.88% |
1.97% |
1.59% |
Short-Term Income
Fund |
7.67% |
0.04 |
— |
— |
— |
— |
SmallCap Growth Fund
I |
1.48% |
1.66% |
1.94% |
2.07% |
2.18% |
2.25% |
SmallCap Value Fund
II |
1.44% |
1.65% |
2.00% |
2.06% |
2.15% |
2.28% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Underlying Fund |
Principal LifeTime 2040
Fund |
Principal LifeTime 2045
Fund |
Principal LifeTime 2050
Fund |
Principal LifeTime 2055
Fund |
Principal LifeTime 2060
Fund |
Principal LifeTime Strategic
Income Fund |
Bond & Mortgage Securities
Fund |
2.48% |
1.84% |
1.17% |
1.14% |
1.17% |
13.73% |
Bond Market Index
Fund |
2.39% |
1.47% |
0.30% |
0.24% |
—% |
11.74% |
Core Plus Bond Fund
I |
2.47% |
2.05% |
1.17% |
1.12% |
1.17% |
13.73% |
Diversified International
Fund |
8.64% |
8.89% |
9.24% |
9.13% |
9.44% |
2.55% |
Diversified Real Asset
Fund |
1.62% |
1.28% |
1.16% |
1.41% |
1.42% |
4.63% |
Equity Income
Fund |
—% |
—% |
—% |
—% |
—% |
6.26% |
Global Diversified Income
Fund |
—% |
—% |
—% |
—% |
—% |
6.82% |
Global Multi-Strategy
Fund |
2.23% |
1.96% |
1.62% |
1.68% |
1.88% |
2.76% |
Global Opportunities
Fund |
5.77% |
6.14% |
6.41% |
6.60% |
6.74% |
0.89% |
Global Real Estate Securities
Fund |
5.02% |
5.27% |
5.34% |
5.28% |
5.18% |
—% |
High Yield Fund
I |
1.90% |
1.90% |
2.01% |
1.93% |
1.90% |
3.59% |
Inflation Protection
Fund |
—% |
—% |
—% |
—% |
—% |
6.81% |
International Emerging Markets
Fund |
4.35% |
3.89% |
4.09% |
4.21% |
4.71% |
0.64% |
LargeCap Growth
Fund |
3.87% |
3.81% |
3.94% |
4.11% |
3.77% |
—% |
LargeCap Growth Fund
I |
13.26% |
13.67% |
13.88% |
14.07% |
14.21% |
3.54% |
LargeCap S&P 500 Index
Fund |
7.88% |
7.92% |
8.24% |
8.29% |
8.05% |
2.30% |
LargeCap Value
Fund |
6.13% |
6.33% |
6.58% |
6.40% |
6.03% |
—% |
LargeCap Value Fund
I |
3.59% |
3.55% |
3.86% |
3.50% |
5.39% |
—% |
LargeCap Value
III |
6.91% |
7.20% |
7.69% |
7.66% |
5.75% |
—% |
MidCap Fund |
—% |
—% |
—% |
—% |
—% |
2.90% |
MidCap Growth Fund
III |
3.46% |
3.46% |
3.59% |
3.26% |
3.59% |
—% |
MidCap Value Fund
III |
3.13% |
3.46% |
3.22% |
3.44% |
3.60% |
—% |
Overseas Fund |
8.75% |
9.28% |
9.74% |
9.96% |
9.64% |
2.69% |
Preferred Securities
Fund |
1.56% |
1.97% |
2.03% |
1.89% |
1.85% |
—% |
Short-Term Income
Fund |
—% |
—% |
—% |
—% |
—% |
13.04% |
SmallCap Growth Fund
I |
2.32% |
2.32% |
2.37% |
2.35% |
2.28% |
0.68% |
SmallCap Value Fund
II |
2.27% |
2.34% |
2.35% |
2.33% |
2.23% |
0.70% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Underlying Fund |
Principal LifeTime Hybrid
Income Fund |
Principal LifeTime Hybrid 2015
Fund |
Principal LifeTime Hybrid 2020
Fund |
Principal LifeTime Hybrid 2025
Fund |
Principal LifeTime Hybrid 2030
Fund |
Principal LifeTime Hybrid 2035
Fund |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Underlying Fund |
Principal LifeTime Hybrid 2040
Fund |
Principal LifeTime Hybrid 2045
Fund |
Principal LifeTime Hybrid 2050
Fund |
Principal LifeTime Hybrid 2055
Fund |
Principal LifeTime Hybrid 2060
Fund |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Underlying Fund |
SAM Balanced
Portfolio |
SAM Conservative Balanced
Portfolio |
SAM Conservative Growth
Portfolio |
SAM Flexible Income
Portfolio |
SAM Strategic Growth
Portfolio |
Blue Chip Fund |
2.52% |
1.73% |
3.21% |
1.01% |
4.00% |
Bond & Mortgage Securities
Fund |
1.17% |
2.46% |
—% |
3.99% |
—% |
Diversified International
Fund |
9.44% |
6.39% |
12.11% |
2.97% |
10.29% |
Diversified Real Asset
Fund |
—% |
—% |
1.49% |
—% |
—% |
Equity Income
Fund |
12.04% |
8.28% |
15.99% |
8.10% |
17.94% |
Global Diversified Income
Fund |
1.49% |
2.51% |
—% |
4.51% |
—% |
Global Multi-Strategy
Fund |
3.54% |
2.47% |
4.50% |
—% |
—% |
Global Real Estate Securities
Fund |
0.50% |
0.50% |
0.69% |
0.81% |
1.28% |
Government & High Quality
Bond Fund |
9.63% |
15.83% |
3.32% |
15.83% |
—% |
High Yield Fund |
1.99% |
3.40% |
0.59% |
5.10% |
—% |
Income Fund |
13.34% |
21.33% |
4.92% |
28.64% |
—% |
International Emerging Markets
Fund |
2.29% |
1.51% |
2.99% |
1.10% |
4.94% |
LargeCap Growth
Fund |
7.59% |
5.28% |
10.08% |
4.09% |
17.05% |
LargeCap Growth Fund
II |
2.53% |
1.71% |
3.21% |
—% |
4.01% |
LargeCap Value
Fund |
10.28% |
7.09% |
13.11% |
4.66% |
17.77% |
MidCap Fund |
2.64% |
1.82% |
3.23% |
—% |
1.51% |
Preferred Securities
Fund |
1.18% |
1.97% |
0.49% |
3.58% |
—% |
Principal Capital Appreciation
Fund |
6.60% |
4.58% |
8.79% |
2.06% |
10.07% |
Short-Term Income
Fund |
3.50% |
5.82% |
1.16% |
7.69% |
—% |
SmallCap Growth Fund
I |
2.78% |
1.90% |
3.66% |
1.39% |
4.32% |
SmallCap Value Fund
II |
2.83% |
1.92% |
3.73% |
—% |
4.00% |
Small-MidCap Dividend Income
Fund |
2.12% |
1.50% |
2.73% |
4.47% |
2.82% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
• |
the Balanced Portfolio should
offer investors the potential for a medium level of income and a medium
level of capital growth, while exposing them to a medium level of
principal risk, |
• |
the Conservative Balanced
Portfolio should offer investors the potential for a medium to high level
of income and a medium to low level of capital growth, while exposing them
to a medium to low level of principal
risk, |
• |
the Conservative Growth
Portfolio should offer investors the potential for a low to medium level
of income and a medium to high level of capital growth, while exposing
them to a medium to high level of principal
risk, |
• |
the Flexible Income Portfolio
should offer investors the potential for a high level of income and a low
level of capital growth, while exposing them to a low level of principal
risk, and |
• |
the Strategic Growth Portfolio
should offer investors the potential for a high level of capital growth,
and a corresponding level of principal
risk. |
• |
Active Management: The
performance of a fund that is actively managed will reflect in part the
ability of Principal and/or Sub-Advisor(s) to make investment decisions
that are suited to achieving the fund's investment objective. Actively managed funds
are prepared to invest
in securities, sectors, or industries differently from the
benchmark. |
• |
Passive Management: Index
funds use a passive, or indexing, investment approach. Pure index funds do
not attempt to manage market volatility, use defensive strategies or
reduce the effect of any long-term periods of poor stock or bond
performance. Index funds attempt to replicate their relevant target index
by investing primarily in the securities held by the index in
approximately the same proportion of the weightings in the index. However,
because of the difficulty of executing some relatively small securities
trades, such funds may not always be invested in the less heavily weighted
securities held by the index. An index fund's ability to match the
performance of their relevant index may be affected by many factors, such
as fund expenses, the timing of cash flows into and out of the fund,
changes in securities markets, and changes in the composition of the
index. Some index funds may invest in index futures and/or exchange traded
funds on a daily basis to gain exposure to the Index in an effort to
minimize tracking error relative to the
benchmark. |
• |
Mortgage-backed
securities (“MBS”) represent an interest in a pool of underlying mortgage
loans secured by real property. Mortgage-backed securities are sensitive
to changes in interest rates, but may respond to these changes differently
from other fixed income securities due to the possibility of prepayment of
the underlying mortgage loans. If interest rates fall and the underlying
loans are prepaid faster than expected, the fund may have to reinvest the
prepaid principal in lower yielding securities, thus reducing the fund’s
income. Conversely, rising interest rates tend to discourage refinancings
and the underlying loans are prepaid more slowly than expected, reducing a
fund’s potential to reinvest the principal in higher yielding securities
and extending the duration of the |
• |
Commercial
mortgage-backed securities (“CMBS”) represent an interest in a pool of
underlying commercial mortgage loans secured by real property such as
retail, office, hotel, multi-family , and industrial
properties. Certain CMBS are issued in several classes with different
levels of yield and credit protection, and the CMBS class in which a fund
invests usually influences the interest rate, credit , and prepayment
risks. |
• |
Asset-backed
securities (“ABS”) are backed by non-mortgage assets such as company
receivables, truck and auto loans, student loans, leases and credit card
receivables. Asset-backed securities entail credit risk. They also may
present a risk that, in the event of default, the liquidation value of the
underlying assets may be inadequate to pay any unpaid interest or
principal. |
Fund |
Total
Percentage of Outstanding Shares Owned |
Bond & Mortgage Securities
Fund |
73.09% |
Core Plus Bond Fund
I |
48.01% |
Diversified International
Fund |
58.16% |
Equity Income
Fund |
37.90% |
Global Diversified Income
Fund |
6.70% |
Global Real Estate Securities
Fund |
66.14% |
Government & High Quality
Bond Fund |
58.95% |
High Yield Fund |
7.11% |
High Yield Fund
I |
32.54% |
Income Fund |
64.75% |
Inflation Protection
Fund |
56.67% |
International Emerging Markets
Fund |
62.02% |
LargeCap Growth
Fund |
58.74% |
LargeCap Growth Fund
I |
40.06% |
LargeCap Growth Fund
II |
28.16% |
LargeCap S&P 500 Index
Fund |
46.91% |
LargeCap Value
Fund |
85.78% |
LargeCap Value Fund
I |
76.01% |
LargeCap Value Fund
III |
78.72% |
MidCap Fund |
6.98% |
MidCap Growth Fund
III |
43.08% |
MidCap S&P 400 Index
Fund |
15.34% |
MidCap Value Fund
III |
82.17% |
Overseas Fund |
80.59% |
Principal Capital Appreciation
Fund |
43.11% |
Short-Term Income
Fund |
38.19% |
SmallCap Growth Fund
I |
50.95% |
SmallCap S&P 600 Index
Fund |
14.41% |
Sub-Advisor: |
AllianceBernstein
L.P. (“AllianceBernstein”), 1345 Avenue of the Americas,
New York, NY 10105, was founded in 1971 as an independent investment
advisor registered with the SEC. |
Sub-Advisor:
|
American
Century Investment Management, Inc. (“American Century”), American Century Tower, 4500
Main Street, Kansas City, MO 64111, was founded in 1958.
|
Sub-Advisor:
|
Barrow,
Hanley, Mewhinney & Strauss, LLC (“BHMS”), 2200 Ross Avenue, 31st Floor,
Dallas, Texas 75201, is an investment advisory firm that was founded in
1979. |
Sub-Advisor:
|
BlackRock
Financial Management, Inc. (“BlackRock”), 55 East 52nd Street, New York,
New York 10055, is a registered investment adviser organized in 1994.
BlackRock and its affiliates manage investment company and other portfolio
assets. |
Sub-Advisor: |
Brown
Advisory, LLC (“Brown”), 901 South Bond Street, Suite
400, Baltimore, Maryland 21231, is a registered investment adviser that
works with institutions, corporations, nonprofits, families and
individuals. |
Sub-Advisor: |
Causeway
Capital Management LLC (“Causeway”), 11111 Santa Monica Boulevard,
15th Floor, Los Angeles, CA 90025, is a registered investment adviser
founded in 2001. |
Sub-Advisor: |
ClearBridge
Investments, LLC (“ClearBridge”), 620 8th Avenue, New York, NY
10018, formed in 2005, is a registered investment advisor offering a
variety of products and services to institutions and
individuals. |
Sub-Advisor: |
Colonial
First State Asset Management (Australia) Limited (“Colonial
First State”), Level 3, Darling Park Tower
1, 201 Sussex Street, Sydney NSW 2000, is a global asset manager, which
has experience across a range of asset classes and specialist investment
sectors. Colonial First State manages
investments on behalf of institutional investors, pension funds, wholesale
distributors and platforms, financial advisers and their
clients. |
Sub-Advisor:
|
Columbus
Circle Investors (“CCI”) , Metro Center, One Station
Place, Stamford, CT 06902, founded in 1975, manages growth-oriented
portfolios in Large Cap, Mid Cap, SMID, and Small Cap categories for
domestic equities. CCI specializes in the management of discretionary
accounts for a variety of organizations. CCI also offers advisory services
for mutual funds and high net worth individuals.
|
Sub-Advisor: |
DDJ Capital
Management, LLC (“DDJ”), 130 Turner Street, Building 3,
Suite 600, Waltham, MA 02453, is an SEC registered investment
advisor. DDJ was formed in 1996 and presently manages opportunistic
high yield, core high yield, senior loan, and strategic income strategies
for U.S. and international institutional
investors. |
Sub-Advisor: |
Dimensional
Fund Advisors LP (“Dimensional”), 6300 Bee Cave Road, Building
One, Austin, TX 78746, is a registered investment advisor organized
in 1981. |
Sub-Advisor:
|
Edge Asset
Management, Inc. (“Edge”) , 601 Union Street,
Suite 2200, Seattle, WA 98101-1377, has been in the business of
investment management since 1944. |
Sub-Advisor:
|
Emerald
Advisers, Inc. (“Emerald”), 3175 Oregon Pike, Leola, PA
17540, was incorporated in 1991 and manages institutional separate account
and mutual fund investment portfolios for corporations, public and private
pension funds, and for individual retail investors.
|
Sub-Advisor: |
Goldman
Sachs Asset Management, L.P. (“GSAM”), 200 West Street, New York, NY
10282, has been registered as an investment adviser with the SEC since 1990.
|
Sub-Advisor: |
Guggenheim
Partners Investment Management, LLC ("Guggenheim"), 100 Wilshire Boulevard, Suite
500 Santa Monica CA 90401, is an SEC registered investment adviser that provides
investment advisory services to institutional clients including public
pensions, corporate pensions, foundations, insurance companies and family
offices. |
Sub-Advisor: |
J.P. Morgan
Investment Management Inc. (“J.P. Morgan”), 270 Park Avenue, New York, NY
10017, is an SEC
registered investment advisor. |
Sub-Advisor:
|
Los Angeles
Capital Management and Equity Research, Inc. ("Los Angeles
Capital") , 11150
Santa Monica Boulevard, Suite 200, Los Angeles, CA 90025, founded in 2002,
is a registered investment adviser offering risk-controlled, active equity
management services to a broad range of institutional investors.
|
Sub-Advisor: |
Neuberger
Berman Fixed Income LLC (“Neuberger Berman”), 190 South LaSalle
Street, Chicago, IL 60603, is an investment adviser registered with
the SEC. |
Sub-Advisor: |
Pacific
Investment Management Company LLC (“PIMCO”), 840 Newport Center Drive,
Newport Beach, CA 92660, was organized in 1971 and is an investment
adviser. PIMCO manages investments for a wide range of clients, including
public and private pension and retirement plans, companies, central banks,
educational institutions, financial advisors, foundations and
endowments. |
Sub-Advisor:
|
Post
Advisory Group, LLC (“Post”), 1620 26 th
Street, Suite 6500N,
Santa Monica, CA 90404, founded in 1992, is a global investment manager
specializing in high yield securities with a multi-strategy,
value-oriented investment approach. |
Sub-Advisor:
|
Principal
Global Investors, LLC (“PGI”) , 801 Grand Avenue, Des
Moines, IA 50392, manages equity and fixed-income investments, primarily
for institutional investors. PGI's other primary asset management office
is in New York, with asset management offices of affiliate advisors in
several non-U.S. locations including London, Sydney and Singapore.
|
Sub-Advisor:
|
Principal
Real Estate Investors, LLC (“Principal - REI”), 801 Grand Avenue, Des Moines,
IA 50392, was founded in 2000 and manages commercial real estate across
the spectrum of public and private equity and debt investments, primarily
for institutional investors. |
Sub-Advisor: |
Robert W.
Baird & Co. Incorporated (“Baird”), 777 East Wisconsin Avenue,
Milwaukee, Wisconsin 53202, was founded in 1919. Baird provides investment
management services for individuals and institutional clients including
pension and profit sharing plans. |
Sub-Advisor:
|
Sawgrass
Asset Management, LLC (“Sawgrass”), 1579 The Greens Way, Suite 20,
Jacksonville Beach, Florida 32250 is a registered investment advisor
founded in 1998 that provides active growth equity and fixed income
investment management services to institutional investors.
|
Sub-Advisor:
|
Spectrum
Asset Management, Inc. (“Spectrum”), 2 High Ridge Park, Stamford,
CT 06905, founded in 1987, manages portfolios of preferred securities for
corporate, pension fund, insurance and endowment clients, open-end and
closed-end mutual funds, and separately managed account programs for high
net worth individual investors as well as providing volatility mitigation
solutions for some client portfolios. |
Sub-Advisor: |
Stone
Harbor Investment Partners LP (“Stone Harbor”), 31 West 52nd Street, 16th Floor, New York,
New York 10019, was established in 2006 and provides investment
advisory services to clients located throughout the
world. |
Sub-Advisor: |
T. Rowe
Price Associates, Inc. (“T. Rowe Price”), 100 East Pratt Street,
Baltimore, MD 21202, has over 75 years of investment management
experience. |
Sub-Advisor:
|
Tortoise
Capital Advisors, L.L.C. ("Tortoise") , 11550 Ash Street, Suite 300,
Leawood, Kansas 66211, formed in October 2002, specializes in listed
energy investments. |
Sub-Advisor:
|
Vaughan
Nelson Investment Management, LP (“Vaughan Nelson”), 600 Travis Street,
Suite 6300, Houston, Texas 77002, was founded in 1970.
|
Sub-Advisor:
|
Westwood
Management Corp. (“Westwood”), 200 Crescent Court, Suite
1200, Dallas, Texas 75201, was formed in 1983.
|
Sub-Advisor: |
W. H.
Reaves & Co., Inc. (doing business as Reaves Asset
Management), 10
Exchange Place, 18th Floor, Jersey City, NJ 07302, was founded in
1961 as an institutional research firm and is an SEC registered
adviser. |
Sub-Advisor: |
William
Blair & Company, L.L.C. (“William Blair”), 222 West Adams Street,
Chicago, Illinois 60606, has been an investment advisor since 1947, and
provides investment management services to mutual funds, corporate pension
plans, endowments and foundations and individual
accounts. |
Management
Fee Schedule
(as a
percentage of the
average
daily net assets) | |
Fund |
All
Assets |
PRINCIPAL LIFETIME HYBRID
INCOME |
0.01% |
PRINCIPAL LIFETIME HYBRID
2015 |
0.01% |
PRINCIPAL LIFETIME HYBRID
2020 |
0.01% |
PRINCIPAL LIFETIME HYBRID
2025 |
0.01% |
PRINCIPAL LIFETIME HYBRID
2030 |
0.01% |
PRINCIPAL LIFETIME HYBRID
2035 |
0.01% |
PRINCIPAL LIFETIME HYBRID
2040 |
0.01% |
PRINCIPAL LIFETIME HYBRID
2045 |
0.01% |
PRINCIPAL LIFETIME HYBRID
2050 |
0.01% |
PRINCIPAL LIFETIME HYBRID
2055 |
0.01% |
PRINCIPAL LIFETIME HYBRID
2060 |
0.01% |
BOND & MORTGAGE SECURITIES
FUND |
0.52% |
MONEY MARKET
FUND |
0.39% |
CALIFORNIA MUNICIPAL
FUND |
0.45% |
OVERSEAS FUND |
1.07% |
CORE PLUS BOND FUND
I |
0.55% |
PRINCIPAL CAPITAL APPRECIATION
FUND |
0.47% |
DIVERSIFIED INTERNATIONAL
FUND |
0.84% |
PRINCIPAL LIFETIME 2010
FUND |
0.03% |
EQUITY INCOME
FUND |
0.51% |
PRINCIPAL LIFETIME 2015
FUND |
0.03% |
GLOBAL DIVERSIFIED INCOME
FUND |
0.72% |
PRINCIPAL LIFETIME 2020
FUND |
0.03% |
GLOBAL REAL ESTATE
FUND |
0.88% |
PRINCIPAL LIFETIME 2025
FUND |
0.03% |
GOVERNMENT & HIGH QUALITY
BOND FUND |
0.50% |
PRINCIPAL LIFETIME 2030
FUND |
0.03% |
HIGH YIELD FUND |
0.51% |
PRINCIPAL LIFETIME 2035
FUND |
0.03% |
HIGH YIELD FUND
I |
0.63% |
PRINCIPAL LIFETIME 2040
FUND |
0.03% |
INCOME FUND |
0.49% |
PRINCIPAL LIFETIME 2045
FUND |
0.03% |
INFLATION PROTECTION
FUND |
0.39% |
PRINCIPAL LIFETIME 2050
FUND |
0.03% |
INTERNATIONAL EMERGING MARKETS
FUND |
1.18% |
PRINCIPAL LIFETIME 2055
FUND |
0.03% |
INTERNATIONAL FUND
I |
0.96% |
PRINCIPAL LIFETIME 2060 FUND
(1) |
0.03% |
LARGECAP BLEND FUND
II |
0.74% |
PRINCIPAL LIFETIME STRATEGIC
INCOME FUND |
0.03% |
LARGECAP GROWTH
FUND |
0.63% |
REAL ESTATE SECURITIES
FUND |
0.83% |
LARGECAP GROWTH FUND
I |
0.61% |
SAM BALANCED
PORTFOLIO |
0.32% |
LARGECAP GROWTH FUND
II |
0.87% |
SAM CONSERVATIVE BALANCED
PORTFOLIO |
0.32% |
LARGECAP S&P 500 INDEX
FUND |
0.15% |
SAM CONSERVATIVE GROWTH
PORTFOLIO |
0.32% |
LARGECAP VALUE
FUND |
0.42% |
SAM FLEXIBLE INCOME
PORTFOLIO |
0.32% |
LARGECAP VALUE FUND
III |
0.79% |
SAM STRATEGIC GROWTH
PORTFOLIO |
0.32% |
MIDCAP FUND |
0.60% |
SHORT-TERM INCOME
FUND |
0.42% |
MIDCAP GROWTH
FUND |
0.65% |
SMALLCAP BLEND
FUND |
0.75% |
MIDCAP GROWTH FUND
III |
0.97% |
SMALLCAP GROWTH FUND
I |
1.08% |
MIDCAP S&P 400 INDEX
FUND |
0.15% |
SMALLCAP S&P 600 INDEX
FUND |
0.15% |
MIDCAP VALUE FUND
I |
0.98% |
SMALLCAP VALUE FUND
II |
0.98% |
MIDCAP VALUE FUND
III |
0.65% |
TAX-EXEMPT BOND
FUND |
0.45% |
• |
hire one or more Sub-Advisors;
|
• |
change Sub-Advisors; and
|
• |
reallocate management fees
between itself and Sub-Advisors. |
• |
on a day that the NYSE is open
and |
• |
before t he close of trading on the
NYSE (normally 3 p.m. Central
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 outstanding for that
class. |
• |
If market quotations are not
readily available for a security owned by a Fund, its fair value is
determined using a policy adopted by the Directors. Fair valuation pricing
is subjective and creates the possibility that the fair value determined
for a security may differ materially from the value that could be realized
upon the sale of the security. |
• |
A Fund’s securities may be
traded on foreign securities markets that generally complete trading at
various times during the day before the close of the NYSE. Foreign
securities and currencies are converted to U.S. dollars using the exchange
rate in effect at the close of the NYSE. Securities traded outside of the
Western Hemisphere are valued using a fair value policy adopted by the
Fund. These fair valuation procedures are intended to discourage
shareholders from investing in the Fund for the purpose of engaging in
market timing or arbitrage transactions. |
• |
The trading of foreign
securities generally or in a particular country or countries may not take
place on all days the NYSE is open, or may trade on days the NYSE is
closed. Thus, the value of the foreign securities held by the Fund may
change on days when shareholders are unable to purchase or redeem
shares. |
• |
Certain securities issued by
companies in emerging market countries may have more than one quoted
valuation at any point in time. These may be referred to as local price
and premium price. The premium price is often a negotiated price that may
not consistently represent a price at which a specific transaction can be
effected. The Fund has a policy to value such securities at a price at
which the Sub-Advisor expects the securities may be
sold. |
Regular Mail |
Overnight
Mail |
Principal
Funds |
Principal
Funds |
P.O. Box 8024 |
30 Dan Road |
Boston, MA
02266-8024 |
Canton, MA
02021-2809 |
•
|
Princor who are also employees
of Principal Life distribution channels used to directly market certain
products and services of the companies of the Principal Financial Group as
well as provide retirement plan services and education on topics such as
investing and retirement. These Princor registered representatives are
with Principal |
•
|
Selected broker-dealers that
have entered into a selling agreement to offer Class J shares.
|
Eligible
purchasers currently include, but are not limited to: |
P |
Institutional |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 |
R-6 |
Eligible
purchasers currently include, but are not limited to: |
P |
Institutional |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 |
R-6 |
retirement and pension plans to
which Principal Life Insurance Company (“Principal Life”) provides
recordkeeping services |
X |
X |
X |
X |
X |
X |
X | |
separate accounts of Principal
Life |
X |
X |
X |
X |
X |
X |
||
Principal Life or any of its
subsidiaries or affiliates |
X |
X |
X |
X |
X |
X |
X | |
any fund distributed by PFD if
the fund seeks to achieve its investment objective by investing primarily
in shares of mutual funds |
X |
X |
X |
X |
X |
X |
||
clients of Principal Global
Investors, LLC |
X |
X |
X |
X |
X |
X |
X |
X |
certain employer sponsored
retirement plans with plan level omnibus accounts |
X |
X |
X |
X |
X |
X |
X | |
certain pension plans and
employee benefit plans |
X |
X |
X |
X |
X |
X |
X | |
certain retirement account
investment vehicles administered by foreign or domestic pension
plans |
X |
X |
X |
X |
X |
X |
X | |
an investor who buys shares
through an omnibus account with certain intermediaries, such as a
broker-dealer, bank, or other financial institution, pursuant to a written
agreement between the intermediary and PFD or its
affiliate |
X |
X |
X |
X |
X |
X |
||
certain retirement plan clients
that have an organization, approved by Principal Life, for purposes of
providing plan recordkeeping services |
X |
X |
X |
X |
X |
X |
X | |
investors investing at least
$1,000,000 per fund |
X |
|||||||
sponsors, recordkeepers, or
administrators of wrap account or mutual fund asset allocation programs or
participants in those programs (such accounts and programs must trade in
an omnibus relationship) |
X |
|||||||
sponsors, recordkeepers, or
administrators of wrap account, mutual fund asset allocation, or fee-based
programs or participants in those programs; |
X |
|||||||
certain institutional investors
that provide recordkeeping for retirement plans or other employee benefit
plans |
X |
|||||||
institutional clients that
Principal Life has approved for purposes of providing plan
recordkeeping |
X |
|||||||
institutional investors
investing for their own account, including banks, trust companies,
financial intermediaries, corporations, endowments and
foundations |
X |
|||||||
collective trust funds, fund of
funds or other pooled investment vehicles, and entities acting for the
account of a public entity |
X |
X | ||||||
clients of a private banking
division pursuant to a written agreement between the bank and PFD or its
affiliate |
X |
Eligible
purchasers currently include, but are not limited to: |
P |
Institutional |
R-1 |
R-2 |
R-3 |
R-4 |
R-5 |
R-6 |
the portfolio manager of any
adviser to the fund |
X |
|||||||
certain institutional investors
with special arrangements (for example, insurance companies, employee
benefit plans, retirement plans, and Section 529 Plans, among
others) |
X |
• |
Shareholders, including those
in omnibus accounts, who own shares of the MidCap 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 Fund in a fee-based, wrap or advisory account, may continue to add
new clients, purchase shares, and exchange into the MidCap Fund. The
MidCap 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
MidCap Fund. Private banks that have an investment allocation to the
MidCap Fund may add new clients. The MidCap Fund will not be available to
private bank or private bank platforms not already investing in the MidCap
Fund. |
• |
Shareholders in broker/dealer
wrap or fee-based programs that have an investment allocation to the
MidCap Fund may continue to purchase shares and exchange into the MidCap
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 MidCap Fund. New
participants in these plans may elect to purchase shares of the MidCap
Fund. |
• |
Retirement plans in transition
as of the closure date will have until August 15, 2013, to fund any new
accounts. |
• |
Investors who open a new IRA
transfer or rollover account by the close of business on June 14, 2013,
will have until August 15, 2013, to fund these accounts.
|
• |
Shareholders within brokerage
accounts may continue to purchase shares of the MidCap Fund; however, new
brokerage accounts will not be permitted to begin investing in the MidCap
Fund after June 14, 2013. |
• |
529 plans that include the
MidCap Fund within their investment options may continue to purchase
shares and exchange into the MidCap Fund.
|
• |
Funds of funds, such as the
Strategic Asset Management (SAM) Portfolios and Principal LifeTime Funds,
may continue to invest in the MidCap Fund.
|
• |
lump sum of the entire
interest in the account, |
• |
partial interest in the
account, or |
• |
periodic payments of either a
fixed amount or an amount based on certain life expectancy
calculations. |
• |
payable to all owners on the
account (as shown in the account registration) and
|
• |
mailed to the address on the
account (if not changed within last 15 days) or sent by wire or ACH
to previously authorized U.S. bank account.
|
• |
when an owner has died
|
• |
for certain employee benefit
plans; or |
• |
owned by corporations,
partnerships, agents, or fiduciaries. |
• |
Send a letter or our
distribution form which is signed by an owner of the account,
|
• |
Specify the account number,
and |
• |
Specify the number of shares
or the dollar amount to be sold. |
• |
The request may be made by a
shareholder or by the shareholder’s Financial Professional.
|
• |
The combined amount requested
from all funds to which the redemption request relates is $100,000 or
less. |
• |
The address on the account
must not have been changed within the last 15 days and telephone
privileges must apply to the account from which the shares are being
sold. |
• |
If previously authorized, wire
or ACH can be sent to a shareholder’s U.S. bank account.
|
• |
If our phone lines are busy,
you may need to send in a written sell order.
|
• |
Telephone redemption
privileges are NOT available for Principal Funds 403(b) plans and
certain employer sponsored benefit plans.
|
• |
completing the applicable
section of the application, |
• |
sending us your written
instructions, |
• |
completing a Systematic
Withdrawal Plan Request form, or |
• |
calling us if you have
telephone privileges on the account (telephone privileges may not be
available for all types of accounts).
|
• |
you instruct us to stop
or |
• |
your Fund account balance is
zero. |
• |
Checkwriting must be elected
on initial application or by written request to Principal Funds. Such
election continues in effect until the Fund receives written notice
revoking or changing the election. |
• |
The Fund can only sell shares
after your check making the Fund investment has cleared your bank.
|
• |
Checks must be written for at
least $250. The Fund reserves the right to increase the minimum check
amount. |
• |
The rules of the bank on which
the checks are drawn concerning checking accounts apply.
|
• |
If the account does not have
sufficient funds to cover the check, it is marked “Insufficient Funds” and
returned (the Fund may revoke checkwriting on accounts on which
“Insufficient Funds” checks are drawn). |
• |
Accounts may not be closed by
withdrawal check (accounts continue to earn dividends until checks clear
and the exact value of the account is not known until the check is
received by the bank). |
• |
Checkwriting is available only
for non-qualified accounts. |
• |
Neither the Fund, the bank nor
Principal shall incur any liability for honoring the checks, selling
shares to pay checks, or for returning checks unpaid.
|
• |
Checkwriting may be converted
to a point-of-purchase debit from your account. This only applies if such
service is available at the business with which you are doing
business. |
• |
Send a letter or our
distribution form which is signed by an owner of the account,
|
• |
Specify the account number,
and |
• |
Specify the number of shares
or the dollar amount to be sold. |
• |
Telephone privileges must
apply to the account from which the shares are sold.
|
• |
A shareholder or the
shareholder’s Financial Professional may request to sell shares by
telephone. |
• |
A maximum amount (listed
below) of redemption requests will be permitted per day per account, as
the combined amount from all funds, provided the proceeds are to be sent
to a previously authorized U.S. bank account:
|
• |
A maximum of $500,000
($100,000 for Class P) of redemption requests will be permitted per day,
as the combined amount from all funds, provided the proceeds are to be
sent by check through the mail to the address on the account and such
address must not have changed within the last 15 days.
|
• |
If our telephone lines are
busy, you may need to send in a written sell order.
|
• |
sending a written request to
Principal Funds, |
• |
using our website, or
|
• |
calling us, if you have
telephone privileges on the account. |
• |
Class A shares of other
Funds. |
• |
If Money Market Fund shares
were acquired by direct purchase, a sales charge will be imposed on the
exchange into other Class A shares. |
• |
If Money Market Fund shares
were acquired by (1) exchange from other Funds, (2) conversion
of Class B shares, or (3) reinvestment of dividends earned on
Class A shares that were acquired through exchange, no sales charge
will be imposed on the exchange into other Class A shares.
|
• |
Class C shares of other
Funds - subject to the applicable CDSC.
|
• |
completing the Automatic
Exchange Election section of the application,
|
• |
calling us if telephone
privileges apply to the account from which the exchange is to be
made, |
• |
sending us your written
instructions, or |
• |
completing an Automatic
Exchange Election form. |
• |
you instruct us to stop (by
calling us if telephone privileges apply to the account or sending us your
written instructions) or |
• |
your Fund account balance of
the account from which shares are redeemed is zero.
|
• |
An exchange by any joint owner
is binding on all joint owners. |
• |
If you do not have an existing
account in the Fund to which the exchange is being made, a new account is
|
• |
All exchanges are subject to
the minimum investment and eligibility requirements of the Fund being
acquired. |
• |
You may acquire shares of a
Fund only if its shares are legally offered in your state of
residence. |
• |
accounts with identical
ownership, |
• |
an account with a single owner
to one with joint ownership if the owner of the single owner account is
also an owner of the account with joint ownership,
|
• |
a single owner to a Uniform
Transfers to Minors Act ("UTMA") account if the owner of the single owner
account is also the custodian on the UTMA account, or
|
• |
a single or jointly owned
account to an IRA account to fund the yearly IRA contribution of the owner
(or one of the owners in the case of a jointly owned account).
|
• |
the shareholder has not
exchanged shares of the Fund within 30 days preceding the exchange, unless
the shareholder is exchanging into the Money Market
Fund, |
• |
the share class of such other
Fund is available through the plan, and |
• |
the share class of such other
Fund is available in the shareholder’s state of
residence. |
• |
Exchange and repurchase
limitations that the intermediary is able to impose if, in management’s
judgment, such limitations are reasonably likely to prevent excessive
trading in Fund shares; or |
• |
The implementation of other
transaction monitoring management believes is reasonably likely to
identify and prevent excessive trading in Fund shares.
|
• |
The Bond & Mortgage
Securities, California Municipal, Government & High Quality Bond, High
Yield, High Yield I, Income, Short-Term Income, and Tax-Exempt Bond
Funds declare dividends of their daily net investment income each day
their shares are priced. The Funds pay out their accumulated declared
dividends monthly. |
• |
The Money Market Fund declares
dividends of all its daily net investment income each day its shares are
priced. On the 20th day of each month (or the previous business day), the
Fund will distribute its accumulated declared dividends. You may ask to
have your dividends paid to you in cash. If you do not request cash
payment, your dividend will be applied to purchase additional shares of
the Fund monthly. |
• |
The Global Diversified Income
Fund and SAM Flexible Income Portfolio pay their net investment income
monthly. |
• |
The Equity Income, Global Real
Estate Securities, Inflation Protection, and Real Estate Securities Funds
and the SAM Conservative Balanced, and SAM Balanced Portfolios each pay
their net investment income quarterly in March, June, September, and
December. |
• |
The other Funds pay their net
investment income annually in December. |
• |
invested in shares of another
of the Principal Funds without a sales charge (distributions of a Fund may
be directed only to one receiving Fund); or
|
• |
paid in cash, if the amount is
$10 or more. |
• |
Disrupt the management of the
Funds by: |
• |
forcing the Funds to hold
short-term (liquid) assets rather than investing for long-term growth,
which results in lost investment opportunities for the Funds
and |
• |
causing unplanned portfolio
turnover; |
• |
Hurt the portfolio performance
of the Funds; and |
• |
Increase expenses of the Funds
due to: |
• |
increased broker-dealer
commissions and |
• |
increased recordkeeping and
related costs. |
• |
Rejecting exchange
instructions from the shareholder or other person authorized by the
shareholder to direct exchanges; |
• |
Restricting submission of
exchange requests by, for example, allowing exchange requests to be
submitted by 1st class U.S. mail only and disallowing
requests made by facsimile, overnight courier, telephone or via the
internet; |
• |
Limiting the number of
exchanges during a year; and |
• |
Taking such other action as
directed by the Fund. |
• |
the dollar amount you are
investing, |
• |
the amount of time you plan to
hold the investment, |
• |
any plans to make additional
investments in the Principal Funds, and |
• |
eligibility to purchase the
class. |
CLASS A
SALES CHARGES(1) | |||
Bond &
Mortgage Securities, California Municipal, Global Diversified Income, High
Yield, High Yield I, Inflation Protection, Principal LifeTime 2010,
Principal LifeTime Strategic Income, Tax-Exempt Bond Funds, and SAM
Flexible Income Portfolio | |||
Class A
Sales Charge as % of |
|||
Amount of
Purchase |
Offering
Price |
Amount
Invested |
Dealer
Allowance as of %
of Offering
Price |
Less than
$100,000 |
3.75% |
3.90% |
3.00% |
$100,000 but less than
$250,000 |
2.75% |
2.83% |
2.25% |
$250,000 but less than
$500,000 |
1.50% |
1.52% |
1.00% |
$500,000 or
more |
0.00% |
0.00% |
0.00%(2) |
Government
& High Quality Bond, Income, and Short-Term Income
Funds | |||
Class A
Sales Charge as % of |
|||
Amount of
Purchase |
Offering
Price |
Amount
Invested |
Dealer
Allowance as of %
of Offering
Price |
Less than
$100,000 |
2.25% |
2.30% |
2.00% |
$100,000 but less than
$250,000 |
1.75% |
1.78% |
1.50% |
$250,000 but less than
$500,000 |
1.25% |
1.27% |
1.00% |
$500,000 or
more |
0.00% |
0.00% |
0.00%(2) |
LargeCap
S&P 500 Index Fund | |||
Class A
Sales Charge as % of |
|||
Amount of
Purchase |
Offering
Price |
Amount
Invested |
Dealer
Allowance as of %
of Offering
Price |
Less than
$50,000 |
1.50% |
1.52% |
1.25% |
$50,000 but less than
$100,000 |
1.25% |
1.27% |
1.00% |
$100,000 but less than
$250,000 |
1.00% |
1.01% |
0.75% |
$250,000 but less than
$500,000 |
0.75% |
0.76% |
0.50% |
$500,000 but less than
$1,000,000 |
0.50% |
0.50% |
0.25% |
$1,000,000 or
more |
0.00% |
0.00% |
0.25% |
All other
Funds (except Money Market Fund(4) | |||
Class A
Sales Charge as % of |
|||
Amount of
Purchase |
Offering
Price |
Amount
Invested |
Dealer
Allowance as of %
of Offering
Price |
Less than
$50,000 |
5.50% |
5.82% |
4.75% |
$50,000 but less than
$100,000 |
4.75% |
4.99% |
4.00% |
$100,000 but less than
$250,000 |
3.75% |
3.90% |
3.00% |
$250,000 but less than
$500,000 |
3.00% |
3.09% |
2.50% |
$500,000 but less than
$1,000,000 |
2.00% |
2.04% |
1.75% |
$1,000,000 or
more |
0.00% |
0.00% |
0.00%(3) |
(1)
|
Because of rounding in the
calculation of the offering price, the actual maximum front-end sales
charge paid by an investor may be higher or lower than the percentages
noted above. |
(2)
|
The Distributor may pay
authorized dealers commissions on purchases of Class A shares over
$500,000 calculated as follows: 1.00% on purchases between $500,000 and
$4,999,999, 0.50% on purchases between $5 million and $49,999,999, and
0.25% on purchases of $50 million or more. The commission rate is
determined based on the cumulative investments over the life of the
account combined with the investments in existing Class A, C, and J
shares. |
(3)
|
The Distributor may pay
authorized dealers commissions on purchases of Class A shares over $1
million calculated as follows: 1.00% on purchases between $1,000,000 and
$4,999,999, 0.50% on purchases between $5 million and $49,999,999, and
0.25% on purchases of $50 million or more. The commission rate is
determined based on the cumulative investments over the life of the
account combined with the investments in existing Class A, C, and J
shares. |
(4)
|
There is no sales charge on
purchases of Class A shares of the Money Market Fund.
|
• |
No initial sales charge will
apply to purchases of Fund shares if the purchase is of sufficient size as
disclosed in the preceding “Class A Sales Charges” table.
|
• |
No initial sales charge will
apply to shares purchased with the proceeds of redemptions of Class A
shares of the Funds (other than the Money Market Fund, unless such shares
were obtained by exchange of shares of a Fund that imposes an initial
sales charge), or was waived in connection with a Required Minimum
Distribution, involuntary redemption or due to the death of the
shareholder, within 60 days of redemption.
|
• |
A Fund’s Class A shares
may be purchased without an initial sales charge by the following
individuals, groups, and/or entities: |
• |
current and former Directors
of Principal Funds, member companies of the Principal Financial Group, and
their active or retired employees, officers, directors, brokers, or agents
(for the life of the account). This also includes their immediate family
members (spouse, domestic partner, children (regardless of age), and
parents) and trusts created by or primarily for the benefit of these
individuals; |
• |
Premier Credit Union when the
shares are owned directly with Principal Funds;
|
• |
non-ERISA clients of Principal
Global Investors LLC; |
• |
any employee or registered
representative (and their immediate family members and employees) of an
authorized broker-dealer or company that has entered into a selling
agreement with the Distributor; |
• |
clients investing in Class A
shares through a “wrap account” offered through broker-dealers, investment
advisors, and other financial institutions that have entered into an
agreement with the Distributor which includes a requirement that such
shares be sold for the benefit of clients participating in a “wrap
account” or similar program under which clients pay a fee to the
broker-dealer, investment advisor, or financial institution;
|
• |
non-qualified plans
administered by a member company of the Principal Financial Group pursuant
to a written service agreement; |
• |
any investor who buys Class A
shares through an omnibus account held by certain financial
intermediaries, such as a bank, broker-dealer, or other financial
institution, with special arrangements and that does not accept or charge
the initial sales charge; |
• |
individuals who were eligible
to purchase shares without payment of a sales charge of a predecessor fund
(a fund previously included in the WM Group of Funds) before the date the
successor fund commenced operations and who own the shares directly with
Principal Funds; |
• |
clients of registered
investment advisors that have entered into arrangements with the
Distributor providing for the shares to be used in particular investment
products made available to such clients and for which such registered
investment advisors may charge a separate fee;
|
• |
financial intermediaries who
have entered into an agreement with the Distributor to offer shares to
self-directed investment brokerage accounts that may or may not charge a
transaction fee to its customers; |
• |
any investor whose account is
held directly with Principal Funds and Principal Funds treated such
account, as of May 11, 2012, as qualifying for an initial sales charge
waiver based on the February 29, 2012 Prospectus for Class A Shares;
and |
• |
retirement plans or benefit
plans, or participants in such plans, where the plan’s investments in the
Fund are part of an omnibus account (pursuant to a written agreement) or
by other retirement plans or benefit plans with a total value of at least
$500,000 or participants in such plans. For clarification, such plans do
not include individual retirement arrangements under IRC Section 408, such
as Simplified Employee Pensions (SEP), SIMPLE IRAs or other IRAs.
|
(1) |
Rights of Accumulation. The
sales charge varies with the size of your purchase. Purchases made by you,
your spouse or domestic partner, your children (including children of your
spouse or domestic partner) age 25 or under, and/or a trust created by or
primarily for the benefit of such persons (together “a Qualified
Purchaser”) will be combined along with the value of existing Class A, C,
and J shares of Principal Funds owned by such persons, to determine the
applicable sales charge. Class A shares of the Money Market Fund are not
included in the calculation unless they were acquired in exchange from
other Principal Fund shares. If the total amount being invested in the
Principal Funds is near a sales charge breakpoint, you should consider
increasing the amount invested to take advantage of a lower sales
charge. |
(2) |
Statement of Intent (SOI).
Qualified Purchasers may obtain reduced sales charges by signing an SOI.
The SOI is a nonbinding obligation on the Qualified Purchaser to purchase
the full amount indicated in the SOI. Purchases made by you, your spouse
or domestic partner, or the children of you, your spouse or domestic
partner up to and including the age of 25 and/or a trust created by or
primarily for the benefit of such persons (together “a Qualified
Purchaser”) will be combined along with the value of existing
Class A, C, and J shares of Principal Funds owned by such persons.
Purchases of Class A shares of Money Market Fund are not included.
The sales charge is based on the total amount to be invested in a
13 month period. If the intended investment is not made (or shares
are sold during the 13 month period), sufficient shares will be sold
to pay the additional sales charge due. An SOI is not available for 401(a)
plan purchases. |
(3) |
The maximum sales charge that
applies to purchases of Class A shares by qualified plans
administered by Expertplan, Inc. that were previously converted from B
share plans is the sales charge that applies to purchases of at least
$250,000 but less than $500,000 as described in the sales charge tables;
the regular sales charge applies to purchases of $500,000 or more in such
accounts and to all purchases of the Global Diversified Income Fund,
LargeCap S&P 500 Index Fund, and Short-Term Income Fund shares.
|
(4) |
The maximum sales charge for
all purchases made in an account that is included in a SIMPLE IRA, SEP,
SAR-SEP, non-qualified deferred compensation, or payroll deduction plan
established before March 1, 2002 with Principal Management
Corporation as the Funds’ transfer agent, is the sales charge that applies
to purchases of at least $100,000 but less than $250,000 as described in
the sales charge tables; the regular sales charge applies to purchases of
$250,000 or more in such accounts and to all purchases of the Global
Diversified Income Fund, LargeCap S&P 500 Index Fund, and Short-Term
Income Fund. The reduced sales charge applies to purchases made by or on
behalf of participants to such plans who became participants on or before
July 28, 2007. |
• |
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 before 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
Princor Financial Services Corporation. |
• |
Management Fee (all Classes) –
Through the Management Agreement with the Fund, Principal has agreed to
provide investment advisory services and corporate administrative services
to the Fund. |
• |
Distribution Fee (Classes A,
C, J, R-1, R-2, R-3, and R-4) - Each Fund has adopted a distribution
plan under Rule 12b-1 of the Investment Company Act of 1940 for its
Classes A (except the Money Market Fund), C, J, R-1, R-2, R-3 and R-4
shares. Under the plan, the foregoing classes of each Fund pay a
distribution fee based on the average daily NAV of the Fund. These fees
pay distribution and other expenses for the sale of Fund shares and for
services provided to shareholders. Because they are ongoing fees, over
time, these fees may exceed other types of sales charges.
|
• |
Other Expenses (all Classes) -
A portion of expenses that are allocated to all classes of the Fund. Other
expenses include interest expense and expenses related to fund
investments. Additional examples of other expenses include:
|
• |
Transfer Agent Fee (Classes A,
C, J, P, Institutional, R-1, R-2, R-3, R-4, R-5, and R-6) - Principal
Shareholder Services, Inc. (“PSS”) has entered into a Transfer Agency
Agreement with the Fund under which PSS provides transfer agent services
to these classes. Except for Classes J (for which services are provided at
a rate that includes a profit), R-1, R-2, R-3, R-4, R-5, and R-6, these
services are currently provided at cost. The Fund does not pay for these
services for Classes R-1, R-2, R-3, R-4, R-5, and R-6.
|
• |
Certain Operating Expenses
(Classes A, C, J, P, Institutional, and R-6) - expenses of
registering and qualifying shares for sale, the cost of producing and
distributing reports and prospectuses to shareholders of these classes,
the cost of shareholder meetings held solely for shareholders of these
classes, and other operating expenses of the Fund.
|
• |
Service Fee (Classes R-1, R-2,
R-3, R-4, and R-5) - Principal has entered into a Service
Agreement with the Fund under which Principal performs personal services.
|
• |
Administrative Services Fee
(Classes R-1, R-2, R-3, R-4, and R-5) - Principal has entered into an
Administrative Services Agreement with Principal Funds under which
Principal provides shareholder and administrative services for retirement
plans and other beneficial owners of Fund shares.
|
• |
Acquired Fund Fees and
Expenses (all Classes) – fees and expenses charged by other investment
companies in which a Fund invests a portion of its assets.
|
Share
Class |
Maximum
Annualized Rate 12b-1 Fee |
A(1) |
0.25% (0.15% for LargeCap
S&P 500 Index and Short-Term Income Funds) |
C |
1.00% |
J |
0.25% |
R-1 |
0.35% |
R-2 |
0.30% |
R-3 |
0.25% |
R-4 |
0.10% |
• |
Compensation to salespeople
and selected dealers, including ongoing commissions payments.
|
• |
Printing of prospectuses and
statements of additional information and reports for other than existing
shareholders, and preparing and conducting sales seminars.
|
• |
when the only activity during
the quarter are: |
• |
purchases of shares from
reinvested dividends and/or capital gains,
|
• |
purchases under an Automatic
Investment Plan, |
• |
sales under a Systematic
Withdrawal Plan, or |
• |
purchases or sales under an
Automatic Exchange Election |
• |
used to fund certain
individual retirement or individual pension plans; or
|
• |
established under a payroll
deduction plan. |
• |
may be given by calling
us; |
• |
may be given via our website
for certain transactions (for security purposes you need a user name and
password to use any of the internet services, including viewing your
account information on-line. If you don’t have a user name or password,
you may obtain one at our website); or |
• |
may be given to your Financial
Professional (a person employed by or affiliated with broker/dealer firms)
who will in turn contact us with your instructions.
|
• |
if you sell more than $100,000
(in the aggregate) from the Funds (Classes A, C and J).
|
• |
if you sell more than $500,000
(in the aggregate) from the Funds (Classes Institutional, P, R-1, R-2,
R-3, R-4, R-5, and R-6). |
• |
if you sell more than
$10,000,000 if you have the proceeds sent electronically to a previously
authorized U.S. bank account (Class Institutional).
|
• |
if a sales proceeds check is
payable to a party other than the account shareholder(s), or, for Classes
A, C, J, and P, Principal Life, Principal Bank, a retirement plan trustee
or custodian that has agreed in writing to accept a transfer of assets
from the Fund or Princor Financial Services Corporation payable through
Pershing. |
• |
to change ownership of an
account. |
• |
to add telephone transaction
services and/or wire or ACH redemption privileges to an existing account
if there is not a common owner between the bank account and mutual fund
account. |
• |
to change bank account
information designated under an existing telephone withdrawal plan if
there is not a common owner between the bank account and mutual fund
account. |
• |
to wire or ACH to a
shareholder’s U.S. bank account not previously authorized or when the
request does not include a voided check or deposit slip indicating a
common owner between the bank account and mutual fund account.
|
• |
to exchange or transfer among
accounts with different ownership. |
• |
to have a sales proceeds check
mailed to an address other than the address on the account or to the
address on the account if it has been changed within the preceding 15
days. |
Aaa: |
Obligations rated Aaa are
judged to be of the highest quality, with minimal 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 have speculative elements 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 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. |
I. |
Likelihood of default -
capacity and willingness of the obligor as to the timely payment of
interest and repayment of principal in accordance with the terms of the
obligation; | |
II. |
Nature of and provisions of
the obligation; | |
III. |
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: |
Debt rated “AAA” has the
highest rating assigned by Standard & Poor’s. Capacity to pay interest
and repay principal is extremely strong. | |
AA: |
Debt rated “AA” has a very
strong capacity to pay interest and repay principal and differs from the
highest-rated issues only in small degree. | |
A: |
Debt rated “A” has a strong
capacity to pay interest and repay principal although they are somewhat
more susceptible to the adverse effects of changes in circumstances and
economic conditions than debt in higher-rated
categories. | |
BBB: |
Debt rated “BBB” is regarded
as having an adequate capacity to pay interest and repay principal.
Whereas it normally exhibits adequate protection parameters, adverse
economic conditions or changing circumstances are more likely to lead to a
weakened capacity to pay interest and repay principal for debt in this
category than for debt in higher-rated categories. | |
BB, B, CCC,
CC: |
Debt rated “BB,” “B,” “CCC,”
and “CC” is regarded, on balance, as predominantly speculative with
respect to capacity to pay interest and repay principal in accordance with
the terms of the obligation. “BB” indicates the lowest degree of
speculation and “CC” the highest degree of speculation. While such debt
will likely have some quality and protective characteristics, these are
outweighed by large uncertainties or major risk exposures to adverse
conditions. | |
C: |
The rating “C” is reserved for
income bonds on which no interest is being paid. | |
D: |
Debt rated “D” is in default,
and payment of interest and/or repayment of principal is in
arrears. |
NR: |
Indicates that no rating has
been requested, that there is insufficient information on which to base a
rating or that Standard & Poor’s does not rate a particular type of
obligation as a matter of
policy. |
A: |
Issues assigned the highest
rating are regarded as having the greatest capacity for timely payment.
Issues in this category are delineated with the numbers 1, 2, and 3 to
indicate the relative degree of safety. |
A-1: |
This designation indicates
that the degree of safety regarding timely payment is either overwhelming
or very strong. Issues that possess overwhelming safety characteristics
will be given a “+” designation. |
A-2: |
Capacity for timely payment on
issues with this designation is strong. However, the relative degree of
safety is not as high as for issues designated “A-1.” |
A-3: |
Issues carrying this
designation have a satisfactory capacity for timely payment. They are,
however, somewhat more vulnerable to the adverse effects of changes in
circumstances than obligations carrying the highest
designations. |
B: |
Issues rated “B” are regarded
as having only an adequate capacity for timely payment. However, such
capacity may be damaged by changing conditions or short-term
adversities. |
C: |
This rating is assigned to
short-term debt obligations with a doubtful capacity for
payment. |
D: |
This rating indicates that the
issue is either in default or is expected to be in default upon
maturity. |
SP-1: |
A very strong, or strong,
capacity to pay principal and interest. Issues that possess overwhelming
safety characteristics will be given a “+” designation. |
SP-2: |
A satisfactory capacity to pay
principal and interest. |
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. |
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. |
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. 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. |
Highest
return for a quarter during the period of the bar chart
above: |
Q3
'10 |
19.07 |
% |
Lowest
return for a quarter during the period of the bar chart
above: |
Q3
'11 |
-21.16 |
% |
Average
Annual Total Returns
(through
December 31, 2013) | ||
1
YR |
Since
Inception
of Composite
(11/1/2009) | |
Origin International Equity
Composite |
25.54% |
9.95% |
MSCI EAFE Index NDTR
D |
22.78% |
8.62% |
MSCI ACWI Ex-U.S
Index |
15.29% |
7.61% |