RESEARCH • RESOURCES • RESULTS
PRINCIPAL GLOBAL INVESTORS DUBLIN FUNDS
Independent thinking
across an array of individual
specialist boutiques
UCITS FUND RANGE
The information in this document has been derived from sources believed to be accurate as of December 2013. Information derived from sources other than Principal Global Investors or its affiliates is believed to be reliable; however, we do not independently verify or guarantee its accuracy or validity.
The information in this document contains general information only on investment matters and should not be considered as a comprehensive statement on any matter and should not be relied upon as such nor should it be construed as specific investment advice, an opinion or recommendation. The general information it contains does not take account of any investor’s investment objectives, particular needs or financial situation, nor should it be relied upon in any way as a forecast or guarantee of future events regarding a particular investment or the markets in general. All expressions of opinion and predictions in this document are subject to change without notice. Any reference to a specific investment or security does not constitute a recommendation to buy, sell, or hold such investment or security. All figures shown in this document are in U.S. dollars unless otherwise noted. Past performance is not a reliable indicator of future performance and should not be relied upon as a significant basis for an investment decision. You should consider whether an investment fits your investment objectives, particular needs and financial situation before making any investment decision.
*As of December 31, 2013. Principal Global Investors is the asset management arm of the Principal Financial Group® (The Principal®) and includes the asset management operations of the following subsidiaries of The Principal: Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Principal Enterprise Capital, LLC; Liongate Capital Management LLP; Spectrum Asset Management, Inc.; Post Advisory Group, LLC; Columbus Circle Investors; Edge Asset Management, Inc.; Morley Financial Services Inc.; Finisterre Capital, LLP; Origin Asset Management, LLP; Principal Global Investors (Europe) Limited; Principal Global Investors (Singapore) Ltd.; Principal Global Investors (Australia) Ltd.; Principal Global Investors (Japan) Ltd.; Principal Global Investors (Hong Kong) Ltd.; CIMB-Principal Islamic Asset Management Sdn. Bhd.; and the majority owned affiliates of Principal International, Inc. Assets under management includes assets managed by investment professionals of Principal Global Investors under dual employee arrangements with other subsidiaries of The Principal and assets managed in accordance with investment advice provided by Principal Global Investors through the delivery of a model.
¹ ”The Principal Financial Group” and “The Principal” are registered trademarks of Principal Financial Services, Inc., a member of the Principal Financial Group.
This document is for investment and business professionals only; which include professional clients and eligible counterparties as defined by the FCA.
The Funds mentioned in this document are part of the Principal Global Investors Funds range of Irish domiciled UCITS. This document is issued in: The United Kingdom by Principal Global Investors (Europe) Limited, Level 1, 1 Wood Street, London EC2V 7JB, registered in England, No. 03819986, which has approved its contents, and which is authorised and regulated by the Financial Conduct Authority; Singapore by Principal Global Investors (Singapore) Limited (ACRA Reg. No. 199603735H), which is regulated by the Monetary Authority of Singapore and is directed exclusively at institutional investors as defined by the Securities and Futures Act (Chapter 289); Hong Kong by Principal Global Investors (Asia) Limited, which is regulated by the Securities and Futures Commission and is directed exclusively at professional investors as defined by the Securities and Futures Ordinance; Principal Global Investors LLC, a branch registered in the Dubai International Financial Centre and authorized by the Dubai Financial Services Authority as a representative office and is delivered on an individual basis to the recipient and should not be passed on or otherwise distributed by the recipient to any other person or organisation. This document is intended for sophisticated institutional investors only.
In the United Kingdom this document is directed exclusively at persons who are eligible counterparties or professional investors (as defined by the rules of the Financial Conduct Authority). In connection with its management of client portfolios, Principal Global Investors (Europe) Limited may delegate management authority to affiliates that are not authorised and regulated by the Financial Conduct Authority.
Before investing, investors should obtain and read a copy of the prospectus and the relevant KIIDs, which provide full details of the risks of investing in the Funds. These are available at principalglobalfunds.com.
CIMB-Principal Islamic Asset Management Sdn. Bhd.(CIMB-Principal Islamic) is the Investment Manager and coordinator of Funds distribution for CIMB-Principal Islamic Asset Management (Ireland) PLC, and is a joint venture between Principal Global Investors LLC and CIMB Group Holdings Bhd. (CIMB-Principal Islamic) is not authorised by the Financial Conduct Authority (FCA) to directly deal with retail investors; any distribution of the Fund to retail investors in Europe is facilitated by Fund distributors with which CIMB-Principal Islamic has entered sub-coordination agreements, pursuant to advice provided to investors by those distributors, based on the documents CIMB-Principal Islamic provides.
Principal Global Investors is not a Brazilian financial institution and is not licensed to and does not operate as a financial institution in Brazil. Nothing in this document is, and shall not be considered as, an offer of financial products or services in Brazil. A member of the Principal Financial Group®.
The name of the Swiss representative is ACOLIN Fund Services AG, Stadelhoferstrasse 18, CH-8001 Zürich. The name of the Swiss paying agent is Société Générale Paris, Zweigniederlassung Zürich, Talacker 50, CH-8021 Zürich. Investors can obtain the prospectus, trust deed, the simplified prospectuses and the annual and semi-annual reports free of charge from the representative in Switzerland.
CONTACT USPlease contact your local representative to receive our latest fund manager presentations, fund profiles,
and monthly fund factsheets or have any other questions relating to our product range.
principalglobalfunds.com
cimb-principalislamic.com
Our multi-boutique
approach offers a single-
point of access to world-
class investment boutiques
and expertise in fixed
income, equity, real
estate investments, and
alternatives that include
absolute return and
currency capabilities.
principalglobalfunds.com
1
Our specialised boutiques are available to family office, wealth managers, intermediaries
and institutional investors through our Principal Global Investors Funds UCITS range.
PRINCIPAL GLOBAL INVESTORS
Principal Global Investors, is a diversified asset-management
organization and a member of the Principal Financial Group®.
Principal Global Investors manages assets for public and private
pension funds, investment banks, foundations and endowments,
central banks, life insurance companies, multi-manager platforms,
and sovereign wealth funds. Principal Global Investors has
investment operations in the United States, Europe, Australia, Japan,
and Asia serving institutional and retail clients around the globe.
Our multi-boutique approach cultivates a small-company ethos
within a large-company environment. This approach allows our
autonomous investment professionals, located throughout our
various boutiques, to focus their time and energy on their area of
expertise — managing clients’ assets. Our investment professionals’
autonomy is complemented by the benefits of being part of a
larger, global asset management organization, including the ability
to leverage Principal Global Investors’ worldwide presence, and
take advantage of its scale and best practices in business processes.
US$311 BILLION
IN ASSETS UNDER MANAGEMENT*
OVER 1,300 EMPLOYEES
WITH 512 INVESTMENT PROFESSIONALS
THE SCOPE OF OUR INVESTOR
BASE SPANS OVER 60 COUNTRIES* As at 31 December, 2013. See full disclaimer on the back page.
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INDEPENDENT THINKING AND EXPERTISE ACROSS MAJOR ASSET CLASSESFUND CAPABILITIES The diagram below shows the capabilities available through our Dublin-domiciled UCITS range.
We offer an array of capabilities through our Dublin Fund platform via the Principal Global Investors and CIMB-
Principal Islamic Asset Management Funds. We select specialist boutiques and innovative products that are relevant
to the new economic environment and can deliver top-tier, consistent performance for our clients’ needs.
We believe that successful investing involves incorporating
fresh ideas and specialist mind-sets with a global presence.
• Principal Global Investors is the investment management arm of Principal Financial Group®,
a member of the FORTUNE 500, with a heritage dating back to 1879.
• A well-diversified exposure to multiple asset classes and regions.
• A research driven organisation with global reach, specialist investment teams, and strong infrastructure.
• The resources to deliver investment expertise and services to meet the needs of our clients.
• The ability to generate long-term results with consistent competitive performance and superior services.
We have a broad distribution footprint that provides direct access to the markets
and companies in which we invest and close proximity to the clients we serve.
EQUITY FIXED INCOME ALTERNATIVES
Emerging markets
Global
Regional
Small-cap
Islamic
Global property
securities
Currency
Emerging
markets debt
Long/short equity
Emerging markets
High yield
Preferred securities
Short duration – high yield
REAL ESTATE
3
OUR FUND RANGE
REGIONAL EQUITY
Asian Equity Fund
European Equity Fund
Japanese Equity Fund
U.S. Equity Fund
- Seeks to provide capital growth over the medium to long-term, predominantly through investment in Asian (ex Japan) equities.
- Seeks to provide capital growth over the medium to long-term, predominantly through investment in European equities.
- Seeks to provide capital growth over the medium to long-term, predominantly through investment in Japanese equities.
- Seeks to provide capital growth over the medium to long-term, predominantly through investment in the equity securities of companies domiciled or with their core business in the United States.
GLOBAL EQUITY
Global Equity Fund - Seeks to provide capital growth over the medium to long-term, principally in equity securities selected from investment markets around the world.
- The Fund’s unconstrained bottom-up stock selection approach provides high alpha potential and an upside participation, by applying careful scrutiny of volatility within the context of a thoughtful valuation discipline.
EMERGING MARKETS EQUITY
Emerging Market Equity Fund
- Seeks to provide capital growth over the medium to long-term, predominantly through investment in equities from the world’s emerging investment markets.
- Invests in securities that Principal Global Investors believe are mispriced by the market and have the potential for significant growth.
GLOBAL SMALL CAP EQUITY
Global Small Cap Equity Fund
- Seeks to provide medium to long-term capital growth by investing primarily in publicly listed equity securities of smaller-capitalization companies in markets globally.
ABSOLUTE RETURN – EQUITY
Long/Short Global Opportunities Equity Fund
- Seeks capital growth over the medium to long-term with the secondary objective of aiming to limit volatility.
- Invests in both long and short positions in equity securities from investment markets around the world.
INCOME EQUITY
Edge Equity Income Fund
- Seeks to provide income, with long-term growth in both income and capital by investing primarily in common stocks of U.S. large-cap companies.
- Invest in companies that have the capacity and commitment to pay dividends, consistently, grow dividends over time, and demonstrate long-term growth and profitability.
PRINCIPAL GLOBAL INVESTORS AND CIMB-PRINCIPAL ISLAMIC ASSET MANAGEMENT FUNDS
4
SYSTEMATIC EQUITY
Origin Global Emerging Markets Fund
Origin Global Equity Fund Origin Global Smaller Companies Fund
- Seeks to achieve capital growth by investing in global emerging market equities.
- A systematic and repeatable approach.
- Seeks to achieve capital growth by investing in global equities.
- A systematic and repeatable approach.
- Seeks to achieve capital growth by investing in global smaller companies.
- A systematic and repeatable approach.
LATIN AMERICAN EQUITY
Claritas Latin American Equity Fund
- Seeks to provide capital growth over the long-term through investment in equities in Latin American investment markets.
- Seeks to invest in companies that display sustainable business fundamentals, are attractive relative valuations and present triggers that can unlock their underlying value.
ISLAMIC EQUITY1
Islamic ASEAN Equity Fund
Islamic Asia Pacific ex-Japan Fund
Islamic Global Emerging Markets Fund
- Seeks to provide investors with capital growth over the medium to long-term through investments in Association of Southeast Asian Nations (ASEAN) assets.
- Seeks to provide capital growth over the medium to long-term by investing principally in equities of companies in the Asia Pacific region (ex-Japan).
- Seeks to provide capital growth over the medium to long-term to investors by targeting equities that are mispriced and have the potential to perform strongly.
All investments made by the Fund will be compliant with Shariah Investment Guidelines.
1 The Shariah Funds listed above are available through CIMB-Principal Islamic Asset Management (CIMB-Principal Islamic). CIMB-Principal Islamic Asset Management Sdn Bhd through a joint venture between Principal Global Investors and CIMB Group Holdings Berhad is able to offer a comprehensive range of Islamic investment solutions to meet global investors’ needs and objectives. The Islamic Asia Pacific ex-Japan Fund and the Islamic Global Emerging Markets Fund are managed by Principal Global Equities.
GLOBAL HIGH YIELD
High Yield Fund - Seeks to provide a return consisting of income and, over the long-term, capital growth.
- A global mandate that invests primarily in a portfolio of U.S. dollar-denominated high yield fixed income securities, with value added primarily through security selection.
OUR FUND RANGE
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GLOBAL LIMITED TERM HIGH YIELD
Post Global Limited Term High Yield Fund2
- Seeks to achieve a high rate of return relative to the 18-month U.S. Treasury yield.
- Invests in a portfolio of global short-term, low-volatility high yield debt with an expected average maturity of 12 to 24 months.
- Invests in a diversified portfolio of high yield securities, including global corporate bonds, bank debt, convertible bonds, commercial paper, and preferred stocks.
2Currently closed to new investments.
PREFERRED SECURITIES
Preferred Securities Fund
- Seeks to provide an income return consistent with capital preservation.
- Invests primarily in a portfolio of U.S. dollar-denominated preferred securities, with value added primarily through security selection.
GLOBAL PROPERTY SECURITIES
Global Property Securities Fund
- Seeks to provide a total-return primarily through investment in a portfolio of global property securities.
- Focuses on regional real estate in highly localised markets to exploit pricing inefficiencies.
ABSOLUTE RETURN – EMERGING MARKETS DEBT
Finisterre EM Debt Fund
- Seeks to generate medium to long-term positive total-returns from a combination of current income and capital appreciation by investing in global emerging market securities.
- Primarily invests in sovereign and corporate credits, local fixed income instruments, currencies and other debt securities.
- The Fund will take long and short positions and use financial derivative instruments.
ABSOLUTE RETURN – CURRENCY
Multi-Strategy Currency Fund
- Seeks to provide a consistent stream of positive returns in excess of USD 3 month LIBOR, as calculated by the BBA, over a 3-5 year horizon.
- Invests primarily in G30 currencies, but may include all developed and emerging currency markets.
OUR FUND RANGE
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PRINCIPAL GLOBAL EQUITIES, a specialized investment-management
group within Principal Global Investors, with expertize across U.S.,
international, and emerging equity markets. Their process is founded
on the belief that bottom-up stock selection is the most reliable and
repeatable source of consistent performance. They have a globally
integrated investment process that combines traditional and quantitative
fundamental research, which brings together the benefits of objectivity
and professional judgment.
EDGE ASSET MANAGEMENT, specializes in the management of value
equities, fixed income, and other income-orientated strategies. Its bottom-up,
contrarian-based investment approach focuses on dividend-paying
stocks that are attractively priced, with the potential for dividend growth
and capital appreciation.
ORIGIN ASSET MANAGEMENT, specializes in global equities management
for institutional investors. The Funds are founded on the belief that there is
a better, more repeatable and systematic way to manage portfolios. Origin
focuses on companies that display four clearly defined and measurable
characteristics; they must be well-managed, undervalued, have improving
profit expectations and a rising share price relative to the market.
CLARITAS, is a member of Principal Financial Group®, the parent company
of Principal Global Investors, and specializes in the management of
Brazilian and Latin American alpha-generation strategies. It manages active
equity long-only funds, as well as equity long/short and arbitrage, macro,
structured funds, and balanced mandates.
CIMB-PRINCIPAL ISLAMIC ASSET MANAGEMENT, a joint venture
between Principal Global Investors and CIMB Group Holdings Berhad —
provides Shariah-compliant investment solutions to global institutional
investors. Alpha is generated primarily through the application of a
consistent and disciplined stock and security selection process, which is
guided by Shariah principles and an experienced and highly regarded
Shariah advisor.
OUR INVESTMENT BOUTIQUES
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PRINCIPAL GLOBAL FIXED INCOME, a specialized investment-management
group within Principal Global Investors, focuses on providing customized and
yield-oriented investment solutions for clients worldwide. It specializes in credit and
volatility management, offering capabilities that highlight its competitive distinctions
and comprehensive approach to fundamental research and risk management.
POST ADVISORY GROUP, specializes in the management of high yield fixed
income. Post’s investment process is based on a bottom-up, research-intensive
portfolio-construction methodology that captures both income generation and
capital appreciation to maximize investment opportunities.
SPECTRUM ASSET MANAGEMENT, is a Connecticut-based investment firm
specializing in the management of preferred securities, primarily for institutional
investors. Spectrum’s investment process combines a fundamental, bottom-up
research-driven credit process, with relative value, fundamental security selection.
PRINCIPAL REAL ESTATE INVESTORS, a specialized investment group
within Principal Global Investors, builds upon a vertically integrated platform,
incorporating all disciplines of commercial real estate. It provides clients with
access to opportunities across the spectrum of public and private equity and
debt investments.
FINISTERRE CAPITAL, is an emerging markets specialist dedicated to
delivering risk-controlled, total-return investment strategies. Its investment
process is primarily focused on top-down macro, country, and asset class
allocation with bottom-up, fundamental, research-driven securities selection.
Finisterre adopts a true long-short investment methodology. It seeks to achieve
superior risk/return profiles and protect investors’ capital in down markets.
MACRO CURRENCY GROUP, is the specialist currency and macro investment
group of Principal Global Investors. Based in London and Sydney, the Macro
Currency Group offers currency strategies tailored to investor guidelines
including both leveraged and unleveraged absolute return strategies,
as well as benchmark-oriented strategic currency overlay.
8
Our multi-boutique
approach offers a single-
point of access to world-
class investment boutiques
and expertise in fixed
income, equity, real
estate investments, and
alternatives that include
absolute return and
currency capabilities.
principalglobalfunds.com
RESEARCH • RESOURCES • RESULTS
PRINCIPAL GLOBAL INVESTORS DUBLIN FUNDS
Independent thinking
across an array of individual
specialist boutiques
UCITS FUND RANGE
The information in this document has been derived from sources believed to be accurate as of December 2013. Information derived from sources other than Principal Global Investors or its affiliates is believed to be reliable; however, we do not independently verify or guarantee its accuracy or validity.
The information in this document contains general information only on investment matters and should not be considered as a comprehensive statement on any matter and should not be relied upon as such nor should it be construed as specific investment advice, an opinion or recommendation. The general information it contains does not take account of any investor’s investment objectives, particular needs or financial situation, nor should it be relied upon in any way as a forecast or guarantee of future events regarding a particular investment or the markets in general. All expressions of opinion and predictions in this document are subject to change without notice. Any reference to a specific investment or security does not constitute a recommendation to buy, sell, or hold such investment or security. All figures shown in this document are in U.S. dollars unless otherwise noted. Past performance is not a reliable indicator of future performance and should not be relied upon as a significant basis for an investment decision. You should consider whether an investment fits your investment objectives, particular needs and financial situation before making any investment decision.
*As of December 31, 2013. Principal Global Investors is the asset management arm of the Principal Financial Group® (The Principal®) and includes the asset management operations of the following subsidiaries of The Principal: Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Principal Enterprise Capital, LLC; Liongate Capital Management LLP; Spectrum Asset Management, Inc.; Post Advisory Group, LLC; Columbus Circle Investors; Edge Asset Management, Inc.; Morley Financial Services Inc.; Finisterre Capital, LLP; Origin Asset Management, LLP; Principal Global Investors (Europe) Limited; Principal Global Investors (Singapore) Ltd.; Principal Global Investors (Australia) Ltd.; Principal Global Investors (Japan) Ltd.; Principal Global Investors (Hong Kong) Ltd.; CIMB-Principal Islamic Asset Management Sdn. Bhd.; and the majority owned affiliates of Principal International, Inc. Assets under management includes assets managed by investment professionals of Principal Global Investors under dual employee arrangements with other subsidiaries of The Principal and assets managed in accordance with investment advice provided by Principal Global Investors through the delivery of a model.
¹ ”The Principal Financial Group” and “The Principal” are registered trademarks of Principal Financial Services, Inc., a member of the Principal Financial Group.
This document is for investment and business professionals only; which include professional clients and eligible counterparties as defined by the FCA.
The Funds mentioned in this document are part of the Principal Global Investors Funds range of Irish domiciled UCITS. This document is issued in: The United Kingdom by Principal Global Investors (Europe) Limited, Level 1, 1 Wood Street, London EC2V 7JB, registered in England, No. 03819986, which has approved its contents, and which is authorised and regulated by the Financial Conduct Authority; Singapore by Principal Global Investors (Singapore) Limited (ACRA Reg. No. 199603735H), which is regulated by the Monetary Authority of Singapore and is directed exclusively at institutional investors as defined by the Securities and Futures Act (Chapter 289); Hong Kong by Principal Global Investors (Asia) Limited, which is regulated by the Securities and Futures Commission and is directed exclusively at professional investors as defined by the Securities and Futures Ordinance; Principal Global Investors LLC, a branch registered in the Dubai International Financial Centre and authorized by the Dubai Financial Services Authority as a representative office and is delivered on an individual basis to the recipient and should not be passed on or otherwise distributed by the recipient to any other person or organisation. This document is intended for sophisticated institutional investors only.
In the United Kingdom this document is directed exclusively at persons who are eligible counterparties or professional investors (as defined by the rules of the Financial Conduct Authority). In connection with its management of client portfolios, Principal Global Investors (Europe) Limited may delegate management authority to affiliates that are not authorised and regulated by the Financial Conduct Authority.
Before investing, investors should obtain and read a copy of the prospectus and the relevant KIIDs, which provide full details of the risks of investing in the Funds. These are available at principalglobalfunds.com.
CIMB-Principal Islamic Asset Management Sdn. Bhd.(CIMB-Principal Islamic) is the Investment Manager and coordinator of Funds distribution for CIMB-Principal Islamic Asset Management (Ireland) PLC, and is a joint venture between Principal Global Investors LLC and CIMB Group Holdings Bhd. (CIMB-Principal Islamic) is not authorised by the Financial Conduct Authority (FCA) to directly deal with retail investors; any distribution of the Fund to retail investors in Europe is facilitated by Fund distributors with which CIMB-Principal Islamic has entered sub-coordination agreements, pursuant to advice provided to investors by those distributors, based on the documents CIMB-Principal Islamic provides.
Principal Global Investors is not a Brazilian financial institution and is not licensed to and does not operate as a financial institution in Brazil. Nothing in this document is, and shall not be considered as, an offer of financial products or services in Brazil. A member of the Principal Financial Group®.
The name of the Swiss representative is ACOLIN Fund Services AG, Stadelhoferstrasse 18, CH-8001 Zürich. The name of the Swiss paying agent is Société Générale Paris, Zweigniederlassung Zürich, Talacker 50, CH-8021 Zürich. Investors can obtain the prospectus, trust deed, the simplified prospectuses and the annual and semi-annual reports free of charge from the representative in Switzerland.
CONTACT USPlease contact your local representative to receive our latest fund manager presentations, fund profiles,
and monthly fund factsheets or have any other questions relating to our product range.
principalglobalfunds.com
cimb-principalislamic.com
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