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Morley Capital Management to realign


As investor priorities shift and evolve, we are always looking for ways to better meet the needs of clients and drive continued growth. And to that end, on Oct. 1 we will be merging the Morley Capital Management, Inc. legal entity into Principal Global Investors, LLC. Morley’s position within PGI has been and continues to be beneficial for all parties, and this realignment will provide our stable value business greater access to investment research and other resources as part of the Principal Global Fixed Income boutique.

Morley has been part of Principal Global Investors since 2007 as part of our multi-boutique asset management model. The Morley team specializes in stable value, an investment that seeks to provide capital preservation and stable returns regardless of market volatility. Stable value funds are primarily made up of fixed income investments, including short-to-intermediate duration treasury and investment grade corporate bonds, along with high quality mortgages and asset backed securities. Stable value funds are only available to members of qualified retirement plans.

The team will continue to be a boutique and operate as Morley Capital Management, and their investment philosophy and process remains unchanged. Morley’s leadership team, portfolio management team and client service team remain unchanged.

There’s no action required by you or any of the plans that you serve as a result of this action. We just wanted to ensure you knew about the change and we’ll be letting plan sponsors know in October.


Contact your local Principal® rep or our Advisor Support Team at 800-952-3343.

Insurance products and plan administrative services provided through Principal Life Insurance Co. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., 800-547-7754, member SIPC and/or independent broker-dealers. Principal Life, Principal Funds Distributor, Inc. and Principal Securities are members of the Principal Financial Group®, Des Moines, Iowa 50392. Principal Global Investors leads global asset management and is a member of the Principal Financial Group®.

HZ2981 | © 2018 Principal Financial Services, Inc. | 588807-082018 | 08/2018

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