Principal Funds – Daily Pricing & Performance – A Shares - Month-End
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Before investing, you should carefully consider a fund’s investment objectives, risks, charges, and expenses. Contact your financial professional, visit www.principalfunds.com to download a prospectus , or call 1-800-222-5852 to obtain a prospectus containing this and other information. Read the prospectus carefully before investing.
Investment results shown represent historical performance and do not guarantee future results. Your mutual fund's returns and principal values will fluctuate with changes in interest rates and other market conditions so the value, when redeemed, may be worth more or less than original costs. Current performance may be lower or higher than the performance shown.
A Shares - Maximum up-front sales charges may apply. See the prospectus for details. Equity Funds, 5.5% (except LargeCap S&P 500 Index Fund, 1.5%); SAM Portfolios, 5.5% (except SAM Flexible Income Portfolio, 3.75%); Principal LifeTime Funds, 5.5% (except Principal LifeTime Strategic Income Fund, 3.75%); Specialty Funds, 3.75%; Fixed-Income Funds, 3.75% (except Short-Term Bond, Short-Term Income, Income, and Mortgage Securities, 2.25%, and Ultra Short Bond, 1%); Municipal Funds, 4.5%. Money Market does not have an up-front sales charge.
In situations where the net and gross fund expense figures are different, the investment manager has contractually agreed to limit the investment option's expense. Differences may also be shown due to the investment manager choosing to pay certain expenses that would normally be payable by the fund. The gross fund expense figure does not reflect any waivers or caps on the mutual fund. Performance shown reflects the application of net expenses of the fund.
The Annual Fund Operating Expenses tables in the prospectus reflect fees and expenses based on average net assets as of the fiscal year ended October 31, 2008, and do not reflect any change in expense ratios resulting from a change in assets under management since October 31, 2008. A decline in a Fund’s average net assets during the current fiscal year, as a result of market volatility or other factors, could cause the Fund’s expense ratio to be higher than the fees and expenses shown. Significant declines in a Fund’s net assets will increase your Fund’s total expense ratio, likely significantly. A Fund with a higher expense ratio means you could pay more if you buy or hold shares of the Fund. Expense ratios, as of April 30, 2009, are available in the Fund’s semi-annual report, which is available on this website.
View investment results: Month-End | Quarterly
See the Principal Funds, Inc. prospectus for the full name of each Fund.
Returns shown for periods of less than one year are not annualized.
Money Market investment options are not guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although these Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money.
Price The price, or net asset value is the value of mutual fund shares determined by deducting the fund's liabilities from the total assets of the portfolio and dividing this amount by the number of shares outstanding. This cannot be relied upon as today's offering price.
YTD at NAV % - Measured from January 1, to the most recent established NAV date. Returns include the reinvestment of dividends and capital gains distributions at NAV.
Average Annual Total Return at Maximum Offering Price (MOP) - The highest price that may be charged for purchases of fund shares, including the maximum contingent deferred sales charge or the maximum front end sales charge, whichever is applicable. Returns include the reinvestment of dividends and capital gains distributions at NAV as of October 31, 2009.
Contingent Deferred Sales Charge (CDSC) - A deferred sales charge, which is paid at the time of redemption and generally decreases with the amount of time that fund shares are held before sale, ultimately declining to 0%. It is referred to as a contingent sales charge because of such declining schedule. The CDSC is also commonly called a back-end load. Performance displayed reflects the application of these charges.
The 7-Day Simple Yield % more closely reflects the current earnings of this money market investment option than the total return displayed.
Footnotes:
| 1. | Small-cap and mid-cap investment options are subject to more fluctuation in value and may have additional risks than other investment options with stocks of larger, more stable companies. | |
| 2. | Each index based investment option is invested in the stocks or bonds of the index it tracks. Performance of indexes reflects the unmanaged results for the market segment the selected stocks or bonds represent. There is no assurance an index based investment option will match the performance of the index tracked. | |
| 3. | International and global investment options are subject to additional risk due to fluctuating exchange rates, foreign accounting and financial policies, and other economic and political environments. | |
| 4. | High yield investment options are subject to greater credit risk associated with high yield bonds. | |
| 5. | Real estate investment options are subject to some risks inherent in real estate and Real Estate Investment Trusts, such as risks associated with general and local economic conditions. | |
| 7. | S&P 500 is a trademark of The McGraw-Hill Companies, Inc., and has been licensed for use by Principal Life Insurance Company and Principal Management Corporation. The product 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 product. | |
| 9. | These calculated returns reflect the historical performance of the oldest share class of the fund, adjusted to reflect a portion of the fees and expenses of this share class. Please see the fund's prospectus for more information on specific expenses, and the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. | |
| 10. | From March 1, 2006, to December 31, 2007, Bank of New York served as a sub-advisor for managing the cash portion of this investment option. | |
| 11. | Equity investment options involve greater risk, including heightened volatility, than fixed-income investment options. Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. | |
| 12. | Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. A portion of the Fund's income may be subject to state and/or local taxes, and it may be subject to federal alternative minimum tax (AMT) for certain investors. | |
| 13. | Small-cap and mid-cap stocks may have additional risks, including greater price volatility. | |
| 14. | Formerly known as the WM Strategic Asset Management (SAM) Balanced Portfolio. | |
| 15. | Formerly known as the WM Strategic Asset Management (SAM) Conservative Balanced Portfolio. | |
| 16. | Formerly known as the WM Strategic Asset Management (SAM) Conservative Growth Portfolio. | |
| 17. | Formerly known as the WM Strategic Asset Management (SAM) Flexible Income Portfolio. | |
| 18. | Formerly known as the WM Strategic Asset Management (SAM) Strategic Growth Portfolio. | |
| 19. | Effective January 16, 2007, the Principal Equity Income and WM Equity Income Funds merged into this Fund. | |
| 21. | Formerly known as the WM Income Fund. | |
| 22. | Formerly WM U.S. Government Securities Fund. | |
| 23. | Effective January 16, 2007, the Principal Tax Exempt Bond and WM Tax-Exempt Bond Funds merged into this Fund. | |
| 24. | Formerly known as the WM California Municipal Fund. | |
| 25. | Formerly known as the WM Short Term Income Fund. | |
| 26. | Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Neither the principal of bond investment options nor their yields are guaranteed by the U.S. government. | |
| 27. | Fixed-income and asset allocation investment options that invest in mortgage securities are subject to increased risk due to real estate exposure. | |
| 28. | On January 2, 2008, the Principal Funds, Inc. Global Real Estate Securities Fund experienced a one-time gain of $0.05/share from an as of shareholder transaction which resulted in a positive impact on its performance and if the gain had been excluded, the return would be lower. | |
| 29. | Instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time. | |
| 30. | Formerly known as Equity Income Fund I. | |
| 31. | Formerly known as High Yield Fund II. Prior to January 16, 2007, known as the WM High Yield Fund. | |
| 36. | Formerly known as Partners LargeCap Value Fund. | |
| 38. | Formerly known as Partners MidCap Growth Fund. | |
| 40. | Formerly known as Tax-Exempt Bond Fund I. | |
| 41. | Effective July 15, 2008, Westwood Management Corp. was added as an additional sub-advisor. Performance results displayed reflect all sub-advisors managing this portfolio during the time periods displayed. | |
| 43. | Effective December 31, 2008, this portfolio is sub-advised by BlackRock Financial Management, Inc. Prior to December 31, 2008, the portfolio was sub-advised by Principal Global Investors. | |
| 44. | Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Lower-rated securities are subject to additional credit and default risks. Risks associated with preferred securities differ from risks inherent with other investments. In particular, in the event of bankruptcy, a company's preferred securities are senior to common stock but subordinated to all other types of corporate debt. International investing involves increased risks due to currency fluctuations, political or social instability, and differences in accounting standards, these risks are magnified in emerging markets. REIT securities are subject to risk factors associated with the real estate industry and tax factors of REIT registration. | |
| 45. | Effective July 1, 2009, the management fee component of the gross and net Total Investment Expense of Principal LifeTime Funds will be reduced to 0.03% annually, from 0.1225%. | |
| 46. | This Principal Strategic Asset Management Portfolio (SAM) indirectly bears its pro rata share of the management fees incurred by the underlying Principal Funds in which this portfolio invests. Based on the asset allocation of the SAM Portfolio outlined in the prospectus dated March 1, 2009, the weighted average operating expenses of the underlying funds are: Flexible Income, 0.55%; Conservative Balanced, 0.58%; Balanced, 0.62%; Conservative Growth, 0.66%; Strategic Growth, 0.68%. While the operating expenses of the underlying mutual funds are not part of the SAM Portfolio operating expenses they are included in the Total Investment Expense. Performance results shown for the SAM Portfolios reflect the application of these expenses. | |
| 47. | Principal Management Corporation may voluntarily limit a certain portion of the fund's expenses collected from the Money Market Fund on a temporary basis. The Net Expense Ratio may be lower when expenses are limited. | |
| 48. | Effective 12/31/2008 the Ultra Short Bond Fund is closed to new investors. | |
| 49. | Effective May 1, 2009, Jacobs Levy was added as an additional sub-advisor. Performance results displayed reflect all sub-advisors managing this portfolio during the time periods displayed. | |
| 50. | Formerly known as West Coast Equity Fund. | |
| 51. | The manager of the Fund, Principal Management Corporation, invests between 10% and 40% of the Fund's assets in common stocks in an attempt to match or exceed the performance of the Fund's benchmark index for performance. | |
| 55. | Formerly known as Mortgage Securities Fund. | |
| 56. | Effective September 16, 2009, Guggenheim was added as an additional sub-advisor. Effective September 23, 2009, Tortoise Capital Advisors was added as an additional sub-advisor. Performance results displayed reflect all sub-advisors managing this portfolio during the time periods displayed. | |
| 59. | Asset allocation does not guarantee a profit or protect against a loss. Investing in real estate, small-cap, international, and high-yield investment options involves additional risks. Additionally there is no guarantee this investment option will provide adequate income at or through retirement. | |
| 60. | This Principal LifeTime Fund indirectly bears its pro rata share of the management fees incurred by the underlying Principal Funds in which this fund invests. Based on the asset allocation of the Principal LifeTime Funds outlined in the prospectus dated March 1, 2009, the weighted average operating expenses of the underlying funds are: Principal LifeTime Strategic Income, 0.55%; Principal LifeTime 2010, 0.66%; Principal LifeTime 2020, 0.72%; Principal LifeTime 2030, 0.75%; Principal LifeTime 2040, 0.77%; Principal LifeTime 2050, 0.79%. While the operating expenses of the underlying mutual funds are not part of the Principal LifeTime Fund's operating expenses they are included in the Total Investment Expense. Performance results shown for the Principal LifeTime Fund reflect the application of these expenses. |
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