EX-99.(L)(58) 6 ex99l58-initialcapitalagmt.htm INITIAL CAPITAL AGMT CLASS J HYBRIDS 030118 Exhibit


Principal Global Investors, LLC
801 Grand Avenue, Des Moines, IA 50309
800-553-1390 tel
www.principalglobal.com
principallogoregcolor.jpg
March 1, 2018
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 Hybrid 2015 Fund - Class J
$10,000
926.784
Principal LifeTime Hybrid 2020 Fund - Class J
$10,000
905.797
Principal LifeTime Hybrid 2025 Fund - Class J
$10,000
882.613
Principal LifeTime Hybrid 2030 Fund - Class J
$10,000
867.303
Principal LifeTime Hybrid 2035 Fund - Class J
$10,000
848.896
Principal LifeTime Hybrid 2040 Fund - Class J
$10,000
839.631
Principal LifeTime Hybrid 2045 Fund - Class J
$10,000
829.876
Principal LifeTime Hybrid 2050 Fund - Class J
$10,000
825.083
Principal LifeTime Hybrid 2055 Fund - Class J
$10,000
814.996
Principal LifeTime Hybrid 2060 Fund - Class J
$10,000
814.332
Principal LifeTime Hybrid 2065 Fund - Class J
$10,000
950.57
Principal LifeTime Hybrid Income Fund - Class J
$10,000
974.659
Each share of the Principal LifeTime Hybrid 2015 Fund has a par value of $0.01 and a price of $10.79 per share. Each share of the Principal LifeTime Hybrid 2020 Fund has a par value of $0.01 and a price of $11.04 per share. Each share of the Principal LifeTime Hybrid 2025 Fund has a par value of $0.01 and a price of $11.33 per share. Each share of the Principal LifeTime Hybrid 2030 Fund has a par value of $0.01and a price of $11.53 per share. Each share of the Principal LifeTime Hybrid 2035 Fund has a par value of $0.01 and a price of $11.78 per share. Each share of the Principal LifeTime Hybrid 2040 Fund has a par value of $0.01 and a price of $11.91 per share. Each share of the Principal LifeTime Hybrid 2045 Fund has a par value of $0.01and a price of $12.05 per share. Each share of the Principal LifeTime Hy brid 2050 Fund has a par value of $0.01 and a price of $12.12 per share. Each share of the Principal LifeTime Hybrid 2055 Fund has a par value of $0.01 and a price of $12.27 per share. Each share of the Principal LifeTime Hybrid 2060 Fund has a par value of $0.01 and a price of $12.28 per share. Each share of the Principal LifeTime Hybrid 2065 Fund has a par value of $0.01and a price of $10.52 per share. Each share of the Principal LifeTime Hybrid Income Fund has a par value of $0.01 and a price of $10.26 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