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Allocation changes to the Principal LifeTime portfolios

09/13/2019

What’s changing?

Historically, we’ve held a position within the Principal Global Multi-Strategy Fund to dampen volatility within the fixed income asset class. This strategy has proven to be more volatile when compared to traditional fixed income exposures. Given this, along with our forward view on risk, we’ve decided to reduce our position to the Principal Global Multi-Strategy Fund by 75 basis points and have implemented the Principal Income Fund to retain this allocation.

What’s next?

You don’t have to take any action. We wanted you to be aware in case you receive any questions.

For more information please reference the strategy update memo.

HZ3275 | 9/2019 | 948627-092019

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