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Two Principal SmallCap Growth Funds Merge

Effective the close of business April 25, 2014, the Principal SmallCap Growth Fund II will be merged into the Principal SmallCap Growth Fund I. Emerald Asset Management, Inc. (Emerald) will be retained and added as a sub-advisor to the SmallCap Growth Fund I.

This action is intended to provide additional capacity and diversification to the SmallCap Growth Fund I.

Emerald will bring an intense, fundamental, bottom-up strategy to the portfolio, designed to identify unrecognized, under-researched, and under-valued growth opportunities. Emerald strives to construct portfolios that bear little resemblance to the broad market and that are comprised of companies the firm says it "strives to know better than anyone else." This will complement the existing co-sub-advisors, which provide the following traits:

  • AllianceBernstein — hybrid quantitative/fundamental approach
  • Columbus Circle Investors — discipline of positive surprise and positive momentum
  • Brown Advisory — completely fundamental strategy

The SmallCap Growth Fund I may be appropriate for investors seeking long-term growth of capital.

To learn more about the SmallCap Growth Fund I (I share: PGRTX), visit pricing and performance.


Asset allocation and diversification do not ensure a profit or protect against a loss.

Small and mid-cap stocks may have additional risks including greater price volatility.



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

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