For the second year in a row, Principal
Funds received a top Lipper Fund Award for
Global Real Estate Securities Fund (Class I: POSIX). The
Fund was named the best global real estate fund, out of 81
funds, over the five-year period for its consistently strong
Real Estate Investors co-portfolio managers Kelly Rush, Simon
Hedger, and Anthony Kenkel sub-advise the $1.75 billion1
fund. The team draws upon six decades of real estate investment
experience with a global reach spanning 70 countries.
"We are honored to have earned this recognition and believe it reflects
the strength of our proprietary research platform. We have a team of
experienced professionals actively monitoring securities and
collaborating across the globe in real time, pursuing the highest
quality fund performance we can provide," said Kelly Rush, chief
investment officer, Global Real Estate Securities.
Lipper, a leading global research firm, presented the award at a March
20 ceremony in New York City. The Lipper Fund Awards are part of the
Thomson Reuters Awards for Excellence, a global family of awards that
celebrates exceptional performance throughout the professional
"This recognition is a testament to the deep and broad real estate
experience of Kelly and team and validates the global investment
management capabilities of the Principal Financial Group®,"
said Nora Everett, president and CEO of Principal
Funds. "Principal Funds is honored to be recognized for
consistent, long-term performance, which validates our
shareholder-focused investment philosophy."
Principal Real Estate Investors, one of the largest institutional real
estate managers in the United States, is the dedicated real estate group
of Principal Global Investors, a diversified asset management
organization and a member of the Principal
For more information about the Lipper Fund Award rankings and
methodology, visit principalfunds.com/lipper.
Please see principal.com or call 800-222-5852 for current performance
For more news and insights from The Principal®, connect with
us on Twitter at http://twitter.com/ThePrincipal.
About Principal Funds
Principal Funds is a leading provider of mutual funds, with $108.8
billion in assets under management.2 Principal Funds brings
expertise in global investment management, asset allocation, and
retirement leadership to financial professionals and investors.
Including its target-risk and target-date offerings, Principal Funds is
the fifth largest manager of lifecycle funds in the industry.3
The companies that make up Principal Funds are members of the Principal
Financial Group®. For more information, visit principalfunds.com.
About the Principal Financial Group
The Principal Financial Group® (The Principal®)4
is a global investment management leader offering retirement services,
insurance solutions, and asset management. The Principal offers
businesses, individuals, and institutional clients a wide range of
financial products and services, including retirement, asset management,
and insurance through its diverse family of financial services
companies. Founded in 1879 and a member of the FORTUNE 500®,
the Principal Financial Group has $483.2 billion in assets under
management5 and serves some 19.4 million customers worldwide
from offices in Asia, Australia, Europe, Latin America, and the United
States. Principal Financial Group, Inc. is traded on the New York Stock
Exchange under the ticker symbol PFG. For more information, visit principal.com.
Investors should carefully consider a mutual fund's investment
objectives, risks, charges and expenses prior to investing. A
prospectus, or summary prospectus if available, containing this and
other information can be obtained by contacting a financial
professional, visiting principal.com, or calling 800-547-7754. Read the
prospectus carefully before investing.
Past performance is no guarantee of future results.
Investing involves risk, including possible loss of principal.
Real-estate investment options are subject to some risks inherent in
real estate and real-estate investment trusts (REITs), such as risks
associated with general and local economic conditions. Investing in
REITs involves special risks, including interest rate fluctuation,
credit risks and liquidity risks, including interest conditions on real
estate values and occupancy rates. International investing involves
increased risks due to currency fluctuations, political or social
instability and differences in accounting standards.Class I shares
are available only to eligible investors, including various
institutional investors and investors in certain mutual fund wrap or
asset allocation programs. See the prospectus for eligibility
Asset allocation and diversification do not ensure a profit or protect
against a loss.
Principal Funds are distributed by Principal Funds Distributor, Inc.
1 As of 1-28-20142 As of December 31, 2013.
Includes all share classes of the Principal Funds, Inc. and Principal
Variable Contracts Funds, Inc.3 Strategic Insight
Mutual Fund Lifecycle Report, Q4 2013.4 "The Principal
Financial Group" and "The Principal" are registered service marks of
Principal Financial Services, Inc., a member of the Principal Financial
Group.5 As of December 31, 2013.
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