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Principal West Coast Equity Fund to become Principal Capital Appreciation Fund
The Principal West Coast Equity Fund will undergo a change in name and investment strategy, becoming the Principal Capital Appreciation Fund, effective June 30, 2009.
Why is the name changing?
Currently, the West Coast Equity Fund is required to invest only in companies based out of, or doing a majority of their business in, the Northwestern part of the United States. The revised investment strategy, reflected in the new name, lifts this requirement, resulting in several potential benefits:
- Allows the portfolio manager to take advantage of a wider range of investment opportunities throughout the United States.
- Exposes more high-quality companies to our comprehensive screening process.
- Increases our ability to buy quality companies at comparatively low current prices.
- May extend the fund's appeal to a larger pool of investors, which in turn can increase assets under management and ultimately may result in decreased expenses.
A Lipper Leader
The West Coast Equity Fund Class A (Ticker CMNWX) was recently recognized by Lipper as Best Multi-Cap Core Fund over Ten Years. It is highly ranked among its peers, with relatively low fund expense levels.
Shareholder notification
A notice of the planned change in name and investment strategy was sent to West Coast Equity Fund shareholders in late April. No shareholder action is required.
For more information
If you have questions about the Fund, please contact your financial professional.
Past performance is no guarantee of future results. This fund may have recent negative performance.
Before investing, you should carefully consider a fund's investment objectives, risks, charges, and expenses. Contact your financial professional, visit principalfunds.com, or call 800-222-5852 to obtain a prospectus containing this and other information. Read the prospectus carefully before investing.
A mutual fund's share price and investment return will vary with market conditions, and the principal value of an investment when you sell your shares may be more or less than the original cost.
Small-cap and mid-cap stocks may have additional risks, including greater price volatility. There may be additional investment risks due to the Fund's concentration in West Coast companies.
The calculation periods extend over 36, 60, and 120 months. The highest Lipper Leader for Consistent Return (effective return) value within each eligible classification determines the fund classification winner over 3, 5, or 10 years. West Coast Equity Fund - 3 yrs: 32/622 funds, 5 yrs: 25/442 funds, 10 yrs: 1/184 funds.
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To obtain a prospectus, download online or call Customer Service at 1.800.222.5852
While this communication may be used to promote or market a transaction or an idea that is discussed in the publication, it is intended to provide general information about the subject matter covered and is provided with the understanding that The Principal® is not rendering legal, accounting, or tax advice. It is not a marketed opinion and may not be used to avoid penalties under the Internal Revenue Code. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, or accounting obligations and requirements. For more information about our funds, including their full names, please see the Principal Funds, Inc. prospectus or call Customer Service at 1.800.222.5852.
A mutual fund's share price and investment return will vary with market conditions, and the principal value of an investment when you sell your shares may be more or less than the original cost.
This Web site was created and is maintained by Principal Funds Distributor, Inc. exclusively, and not by the Directors of the funds.
Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc., member of the Principal Financial Group®. Principal Funds Distributor, Principal Shareholder Services, Principal Management Corporation and its affiliates, and Principal Funds, Inc. are collectively referred to as Principal Funds.
Not FDIC or NCUA/NCUSIF insured - May lose value - No bank guarantee - Not a deposit - Not insured by any federal government agency
