Principal Funds Wins Four Lipper Fund Awards

Fri Mar 15, 2013 8:00am EDT

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Firm earns best Mixed-Asset Large Fund Group award and three individual awards
DES MOINES, Iowa--(Business Wire)--
Principal Funds received four 2013 Lipper Fund Awards based on asset class and
individual fund performance, including the top award for Best Mixed-Asset Large
Fund Group.

http://mms.businesswire.com/bwapps/mediaserver/ViewMedia?mgid=361866&vid=4
Nora Everett, Principal Funds president and CEO (Photo: The Principal Financial
Group)

Principal Funds surpassed 39 well-known mutual fund firms to take home the top
honor in the mixed-asset class large company category. The funds in this
category include Principal Funds` target-date LifeTime Funds1, target-risk SAM
Portfolios(SAM Balanced, SAM Conservative Balanced and SAM Flexible Income) and
the Principal Global Diversified Income Fund (PGDIX). 

"We`re honored to receive these prestigious awards, which we view as a testament
to our asset allocation capabilities and ability to deliver solid, long-term
performance for our shareholders," said Nora Everett, president and CEO of
Principal Funds. "The awards recognize excellent work done by many people,
including our asset allocation teams and those overseeing our due diligence
process." 

Lipper, a leading global research firm, presented the awards at a March 14
ceremony in New York City. The Lipper Fund Awards are part of the Thomson
Reuters Awards for Excellence, a global family of awards that celebrate
exceptional performance throughout the professional investment community. 

In addition to the group award, Principal Funds won the following individual
awards:

* Principal Global Real Estate Securities Fund (POSIX): best global real estate
fund over the five-year period 
* Principal LifeTime 2010 Fund (PTTIX): best mixed-asset target 2010 fund over
the three-year period 
* Principal LifeTime 2015 Fund (LTINX): best mixed-asset target 2015 fund over
the three-year period

"We believe receiving this recognition for consistent, long-term performance
validates our shareholder-focused investment philosophy and reflects the global
investment management expertise of the Principal Financial Group®," said
Everett. 

For more information about the Lipper Fund Awards rankings and methodology,
including rankings for the individual funds within the Lipper Mixed Asset
Class-Large Company category, visit www.principalfunds.com/lipper. 

About Principal LifeTime Funds:
The Principal LifeTime Funds, which are target-date funds, invest in underlying
Principal Funds. Each Principal LifeTime Fund is managed toward a particular
target (retirement) date, or the approximate date the participant or investor
starts withdrawing money. As each Principal LifeTime Fund approaches its target
date, the investment mix becomes more conservative by increasing exposure to
generally more conservative investment options and reducing exposure to
typically more aggressive investment options. The asset allocation for each
Principal LifeTime Fund is regularly re-adjusted within a timeframe that extends
10-15 years beyond the target date, at which point it reaches its most
conservative allocation. Principal LifeTime Funds assume the value of the
investor's account will be withdrawn gradually during retirement. Neither the
principal nor the underlying assets of the Principal LifeTime Funds are
guaranteed at any time, including the target date. Investment risk remains at
all times. 

About Lipper Methodology/Rankings for Other Time Periods:
Past performance is no guarantee of future results. Please see principal.com
(Rates, Values & Performance), or call 800-222-5852 for current performance
information. Principal Management Corp. was ranked No. 1 out of 40 eligible
companies in Lipper`s Mixed-Asset category for the three-year period ended
11/30/12. The lowest average decile rank of the three years` Consistent Return
(effective return) measure of the eligible funds per asset class and group
determine the asset class group award winner over the three-year period. Asset
class group awards are given for the three-year period only. The funds did not
win the awards for other time periods. The individual funds that made up the
category may not have ranked number one in their categories. Lipper`s large
company universe is comprised of fund families with more than $43.5 billion in
assets under management. Individual fund classification awards extend over 3, 5
and 10 years. The highest Lipper Leader for Consistent Return value within each
eligible classification determines the fund classification winner over 3, 5 and
10 years. Principal Global Real Estate Securities Fund - 3 yrs: 2/92 funds; 5
yrs: 1/66 funds; 10 yrs: N/A. Principal LifeTime 2010 Fund - 3 yrs: 1/124 funds;
5 yrs: 40/106 funds; 10 yrs: N/A. Principal LifeTime 2015 Fund - 3 yrs: 1/109
funds; 5 yrs: N/A; 10 yrs: N/A. 

About Principal Funds
Principal Funds is a leading provider of mutual funds, with $87.9 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 www.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 $403.0 billion in assets under management5 and serves some
18.3 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
www.principal.com. 

Investors should carefully consider a 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 principalfunds.com, or calling 800-222-5852.
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.

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.

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.

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 requirements.

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.

1 The Principal LifeTime 2060 Fund, which was incepted after the award date, was
not included in the Best Mixed-Asset Large Fund Group award.
2 As of December 31, 2012. Includes all share classes of the Principal Funds,
Inc. and Principal Variable Contracts Funds, Inc.
3 FRC Mutual Fund Lifecycle Report Q4 2012.
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 Dec. 31, 2012

Photos/Multimedia Gallery Available:
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Principal Financial Group
Jaime Naig, 515-247-0798
naig.jaime@principal.com

Copyright Business Wire 2013

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