Principal Funds received four 2013 Lipper Fund Awards based on asset class and individual fund performance, including the top award for Best Mixed-Asset Large Fund Group.
Nora Everett, Principal Funds president and CEO (Photo: The Principal Financial Group)Principal Funds surpassed 39 well-known mutual fund firms to take home the top honor in the mixed-asset class large company category. The funds in this category include Principal Funds’ target-date LifeTime Funds 1, target-risk SAM Portfolios (SAM Balanced, SAM Conservative Balanced and SAM Flexible Income) and the Principal Global Diversified Income Fund (PGDIX). “We’re honored to receive these prestigious awards, which we view as a testament to our asset allocation capabilities and ability to deliver solid, long-term performance for our shareholders,” said Nora Everett, president and CEO of Principal Funds. “The awards recognize excellent work done by many people, including our asset allocation teams and those overseeing our due diligence process.” Lipper, a leading global research firm, presented the awards at a March 14 ceremony in New York City. The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. In addition to the group award, Principal Funds won the following individual awards:
- Principal Global Real Estate Securities Fund (POSIX): best global real estate fund over the five-year period
- Principal LifeTime 2010 Fund (PTTIX): best mixed-asset target 2010 fund over the three-year period
- Principal LifeTime 2015 Fund (LTINX): best mixed-asset target 2015 fund over the three-year period