M&A - PRINCIPAL FUNDS, INC.

Form Type: 497

Filing Date: 2025-05-15

Corporate Action: Merger

Type: Update

Accession Number: 000089874525000284

Filing Summary: On May 15, 2025, the Board of Directors of Principal Funds, Inc. approved the acquisition of the assets of Edge MidCap Fund by the MidCap Fund, termed as the Proposed Merger. Additional details regarding the Proposed Merger will be communicated in the Information Statement/Prospectus expected to be mailed to record date shareholders on or around August 6, 2025. The record date for determining shareholders entitled to receive notice of the Proposed Merger is set for June 24, 2025, with the actual merger anticipated to occur on or about September 19, 2025. Effective from the close of the New York Stock Exchange on June 16, 2025, shares of the Edge MidCap Fund will be restricted from purchase except in specific circumstances. However, Fund officers may adjust these dates. Furthermore, in preparation for the Proposed Merger, the Fund may alter its stated investment objectives and strategies. On the Merger Date, references to the Edge MidCap Fund will be removed from the Prospectus and Statement of Additional Information.

Form Type: 497

Filing Date: 2025-05-15

Corporate Action: Merger

Type: Update

Accession Number: 000089874525000286

Filing Summary: On May 15, 2025, the Board of Directors of Principal Funds, Inc. approved the acquisition of the assets of MidCap Growth Fund and MidCap Growth Fund III by the MidCap Fund in a proposed merger. This proposed merger is expected to take place on or about September 19, 2025, with additional details to be provided in the Information Statements/Prospectus scheduled to be mailed to record date shareholders on or around August 6, 2025. The record date for determining shareholders entitled to receive notice of the proposed merger is set for June 24, 2025. Following June 16, 2025, shares of the Funds will not be available for purchase except under limited circumstances, with the possibility of adjustments to these dates by the Funds' officers. On the Merger Date, all references to the MidCap Growth Fund and MidCap Growth Fund III will be removed from the Prospectus and the Statement of Additional Information.

Form Type: 497K

Filing Date: 2025-05-15

Corporate Action: Merger

Type: New

Accession Number: 000089874525000285

Filing Summary: On May 15, 2025, the Board of Directors of Principal Funds, Inc. approved the acquisition of the assets of the Edge MidCap Fund by the MidCap Fund, termed the Proposed Merger. This merger is anticipated to occur on or about September 19, 2025, with a record date for shareholders set for June 24, 2025. Shares of the Edge MidCap Fund will no longer be available for purchase as of June 16, 2025, except in limited circumstances, as the Fund may deviate from its stated investment objective and strategies in preparation for the merger. Detailed information regarding the merger will be provided to shareholders in an Information Statement/Prospectus expected to be mailed around August 6, 2025.

Form Type: 497K

Filing Date: 2025-05-15

Corporate Action: Merger

Type: New

Accession Number: 000089874525000287

Filing Summary: On May 15, 2025, the Board of Directors of Principal Funds, Inc. approved the acquisition of the assets of the MidCap Growth Fund by the MidCap Fund, termed the Proposed Merger. Details regarding the merger will be contained in an Information Statement/Prospectus that is set to be mailed to record date shareholders around August 6, 2025. The record date for shareholder determination is June 24, 2025, and the Proposed Merger is projected to occur around September 19, 2025. Effective June 16, 2025, shares of the MidCap Growth Fund will be unavailable for purchase except under specific conditions. The Fund may alter its investment objectives and strategies in preparation for the merger, with all references to the MidCap Growth Fund scheduled to be removed from the Prospectus after the merger.

Form Type: 497K

Filing Date: 2025-05-15

Corporate Action: Merger

Type: Update

Accession Number: 000089874525000288

Filing Summary: On May 15, 2025, the Board of Directors of Principal Funds, Inc. approved the acquisition of the assets of MidCap Growth Fund III by the MidCap Fund, referred to as the Proposed Merger. Shareholders will receive detailed information about the Proposed Merger in an Information Statement/Prospectus expected to be mailed on or about August 6, 2025. The record date for determining which shareholders are entitled to notice of this Proposed Merger is June 24, 2025, with the action expected to be finalized on or about September 19, 2025. After the close of trading on June 16, 2025, shares of the MidCap Growth Fund III will not be available for purchase except in limited circumstances. The Fund's investment strategy may temporarily deviate from its stated objectives in preparation for the merger, with all references to MidCap Growth Fund III planned to be removed from the Prospectus by September 19, 2025.

Form Type: 497

Filing Date: 2025-02-03

Corporate Action: Merger

Type: New

Accession Number: 000089874525000012

Filing Summary: The Board of Directors of Principal Funds, Inc. (PFI) has approved a Plan of Acquisition for the reorganization of the High Income Fund (the Acquired Fund) into the High Yield Fund (the Acquiring Fund). Under this Plan, the Acquiring Fund will acquire all assets and liabilities of the Acquired Fund in exchange for newly issued shares of the Acquiring Fund, with a complete liquidation and termination of the Acquired Fund. Shareholders of the Acquired Fund will become shareholders of the Acquiring Fund, receiving shares equivalent in value to their holdings. The total issued shares will match the total net assets of the Acquired Fund as of the close of trading on February 28, 2025. No shareholder approval is required for this reorganization. An opinion of legal counsel indicates there will be no gain or loss for shareholders for federal income tax purposes. PFI will cover direct expenses related to the Reorganization estimated at $12,275. The move is deemed to be in the best interests of shareholders without diluting their interests.

Form Type: N-14

Filing Date: 2025-01-03

Corporate Action: Merger

Type: New

Accession Number: 000089874525000003

Filing Summary: Principal Funds, Inc. has filed a registration statement on Form N-14 with the SEC pertaining to the reorganization of the High Income Fund into the High Yield Fund. The Board of Directors approved a Plan of Acquisition which involves the Acquiring Fund acquiring all assets, subject to all liabilities of the Acquired Fund in exchange for newly issued shares. The shareholders of the Acquired Fund will receive shares of the Acquiring Fund in a total value equivalent to their holdings in the Acquired Fund, ensuring no dilution of interests. The Reorganization is expected to take place on February 28, 2025. The filing indicates that there is no gain or loss recognized for federal income tax purposes as a result of the Reorganization, and shareholder approval for this action is not required. The preparation and execution of this merger are intended to combine the investment management of both funds under Principal Global Investors, while maintaining separate classes of shares for the respective funds.