EX-99.(L)(56) 9 ex-99l56xinitialcaptalagrm.htm INITIAL CAP AGMT 090617 Exhibit
Principal Global Investors, LLC
801 Grand Avenue, Des Moines, IA 50309
800-553-1390 tel
www.principalglobal.com


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September 6, 2017


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


Dear Mr. Beer:

Principal Global Investors, LLC intends to purchase the following shares (the “Shares”):


Principal Funds, Inc. -
Purchase
Amount
Shares
Purchased
Principal LifeTime 2065 Fund – Institutional Class
$100,000
10,000
Principal LifeTime 2065 Fund – R1
$100,000
10,000
Principal LifeTime 2065 Fund – R2
$100,000
10,000
Principal LifeTime 2065 Fund – R3
$100,000
10,000
Principal LifeTime 2065 Fund – R4
$100,000
10,000
Principal LifeTime 2065 Fund – R5
$100,000
10,000
Principal LifeTime Hybrid 2065 Fund – Institutional Class
$100,000
10,000
Principal LifeTime Hybrid 2065 Fund – R6
$100,000
10,000

Each share of the Principal LifeTime 2065 Fund has a par value of $0.01 and a price of $10.00 per share. Each share of the Principal LifeTime Hybrid 2065 Fund has a par value of $0.01 and a price of $10.00 per share. In connection with such purchase, Principal Global Investors, LLC represents and warrants that it will purchase such Shares as an investment and not with a view to resell, distribute or redeem.

 
PRINCIPAL GLOBAL INVESTORS, LLC
 
 
 
 
BY
/s/ Adam U. Shaikh
 
 
Adam U. Shaikh
 
 
Counsel