EX-99.(L)(61) 5 ex-99l61xpfixpgiinvestment.htm INVESTMENT LETTER - LT HYBRIDS R3 & R5 030119 Exhibit


Principal Global Investors, LLC
801 Grand Avenue, Des Moines, IA 50309
800-553-1390 tel
www.principalglobal.com
principallogoregcolor.jpg

March 1, 2019
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 R3
$10,000
931.10
 Principal LifeTime Hybrid 2015 Fund - Class R5
$10,000
931.10
 Principal LifeTime Hybrid 2020 Fund - Class R3
$10,000
919.12
 Principal LifeTime Hybrid 2020 Fund - Class R5
$10,000
919.12
 Principal LifeTime Hybrid 2025 Fund - Class R3
$10,000
898.47
 Principal LifeTime Hybrid 2025 Fund - Class R5
$10,000
898.47
 Principal LifeTime Hybrid 2030 Fund - Class R3
$10,000
888.10
 Principal LifeTime Hybrid 2030 Fund - Class R5
$10,000
888.10
 Principal LifeTime Hybrid 2035 Fund - Class R3
$10,000
869.57
 Principal LifeTime Hybrid 2035 Fund - Class R5
$10,000
869.57
 Principal LifeTime Hybrid 2040 Fund - Class R3
$10,000
865.05
 Principal LifeTime Hybrid 2040 Fund - Class R5
$10,000
865.05
 Principal LifeTime Hybrid 2045 Fund - Class R3
$10,000
856.90
 Principal LifeTime Hybrid 2045 Fund - Class R5
$10,000
856.90
 Principal LifeTime Hybrid 2050 Fund - Class R3
$10,000
851.79
 Principal LifeTime Hybrid 2050 Fund - Class R5
$10,000
851.79
 Principal LifeTime Hybrid 2055 Fund - Class R3
$10,000
843.17
 Principal LifeTime Hybrid 2055 Fund - Class R5
$10,000
843.17
 Principal LifeTime Hybrid 2060 Fund - Class R3
$10,000
832.64
 Principal LifeTime Hybrid 2060 Fund - Class R5
$10,000
832.64
 Principal LifeTime Hybrid 2065 Fund - Class R3
$10,000
973.71
 Principal LifeTime Hybrid 2065 Fund - Class R5
$10,000
973.71
 Principal LifeTime Hybrid Income Fund - Class R3
$10,000
975.61
 Principal LifeTime Hybrid Income Fund - Class R5
$10,000
975.61









Each share of the Principal LifeTime Hybrid 2015 Fund has a par value of $0.01 and a price of $10.74 per share. Each share of the Principal LifeTime Hybrid 2020 Fund has a par value of $0.01 and a price of $10.88 per share. Each share of the Principal LifeTime Hybrid 2025 Fund has a par value of $0.01 and a price of $11.13 per share. Each share of the Principal LifeTime Hybrid 2030 Fund has a par value of $0.01 and a price of $11.26 per share. Each share of the Principal LifeTime Hybrid 2035 Fund has a par value of $0.01 and a price of $11.50 per share. Each share of the Principal LifeTime Hybrid 2040 Fund has a par value of $0.01 and a price of $11.56 per share. Each share of the Principal LifeTime Hybrid 2045 Fund has a par value of $0.01 and a price of $11.67 per share. Each share of the Principal LifeTime Hybrid 2050 Fund has a par value of $0.01 and a price of $11.74 per share. Each share of the Principal LifeTime Hybrid 2055 Fund has a parvalue of $0.01 and a price of $11.86 per share. Each share of the Principal LifeTime Hybrid 2060 Fund has a par value of $0.01 and a price of $12.01 per share. Each share of the Principal LifeTime Hybrid 2065 Fund has a par value of $0.01 and a price of $10.27 per share. Each share of the Principal LifeTime Hybrid Income Fund has a par value of $0.01 and a price of $10.25 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