EX-99.(L)(52) 9 ex99l52-initialcapitalagmt.htm INITIAL CAPITAL AGREEMENT - 010317 Exhibit


Principal Funds
711 High Street, Des Moines, IA 50392
515 247 5111 tel
www.principal.com
newprincipallogo.jpg


January 3, 2017


Mr. Michael Beer, President
Principal Funds, Inc.
Principal Financial Group
Des Moines, IA 50392-2080


Dear Mr. Beer:

Principal Management Corporation intends to purchase the following shares (the “Shares”):

Principal Funds, Inc. -
Purchase
Amount
Shares
Purchased
Blue Chip Fund - R6
$10,000
587.1991
EDGE MidCap Fund - R6
$10,000
825.0825
International Equity Index Fund - R6
$10,000
1109.878
International Small Company Fund - R6
$10,000
1017.294
Preferred Securities Fund - R6
$10,000
1009.082
Real Estate Debt Income Fund - R6
$10,000
1053.741
Small-MidCap Dividend Income Fund - R6
$10,000
618.4292

Each share of the Blue Chip Fund has a par value of $0.01 and a price of $17.03 per share. Each share of the EDGE MidCap Fund has a par value of $0.01 and a price of $12.12 per share. Each share of the International Equity Index Fund has a par value of $0.01 and a price of $9.01 per share. Each share of the International Small Company Fund has a par value of $0.01 and a price of $9.83 per share. Each share of the Preferred Securities Fund has a par value of $0.01 and a price of $9.91 per share. Each share of the Real Estate Debt Income Fund has a par value of $0.01 and a price of $9.49 per share. Each share of the Small-MidCap Dividend Income Fund has a par value of $0.01 and a price of $16.17 per share. In connection with such purchase, Principal Management Corporation represents and warrants that it will purchase such Shares as an investment and not with a view to resell, distribute or redeem.



PRINCIPAL MANAGEMENT CORPORATION



BY _ _/s/ Adam U. Shaikh__________________
Adam U. Shaikh
Counsel