How Do I Redeem Shares (Make a Withdrawal) from My Account?
You may redeem shares from your mutual fund account using the following methods:
To make a one-time withdrawal from your non-retirement account, complete the Non-Qualified Redemption Request form and send it to the address on the form.
A Medallion Signature Guarantee MUST be provided on all distribution requests that are:
- More than $100,000 (in the aggregate) from the Funds
- Payable to other than the account shareholder(s), Principal Life, or Principal Bank
- Exchanges or transfers among accounts with different ownership
- Requesting a sales proceeds check to be 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
For retirement or education accounts, please complete the appropriate account distribution request by following the instructions on the form:
- IRA Distribution form (non-mandatory distributions from your Traditional, Roth, SIMPLE, or SEP IRA)
- 403(b)(7) Distribution Request form
- Educational Savings Account (ESA) Distribution form
Redemptions by telephone are provided to customers who have telephone privileges established on their account, have not changed their address of record within the preceding 15 days, and are redeeming less than $100,000. Proceeds will be sent to your address or to a previously authorized bank account. Call a Client Relations Specialist at 1.800.222.5852 between 7 a.m. and 7 p.m. Central time on any business day to request a redemption.
Telephone redemptions are NOT available for 403(b) plans, inherited IRAs, and certain employer-sponsored benefit plans. Please contact your financial professional for assistance.
If you own shares of a Principal Funds Money Market Fund, you may write a check just as you do from your bank account. Simply write the check to yourself or a designated payee (minimum $250).
Using the Systematic Withdrawal Plan (SWP) Request form, you may arrange to take funds out of your existing Principal Funds non-retirement account automatically on a monthly, quarterly, semi-annual, or annual basis. The minimum withdrawal per Fund is $100.
Do not use this form for retirement accounts. For assistance with distributions from a retirement account, please contact your financial professional.
To obtain a prospectus, download online or call Sales Support at 1.800.787.1621
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 Sales Support at 1.800.787.1621.
Investing involves risk, including possible loss of principal.
Principal Funds are distributed by Principal Funds Distributor, Inc.
Not FDIC Insured - May Lose Value - No Bank Guarantee