Principal Global Investors Funds - U.S. Equity Fund D Class Accumulation Units/  IE00BKFHVJ11  /

The investment objective of the Fund is to seek capital growth over the medium to long term. Investors should be aware that there is no guarantee that the Fund will achieve its investment objective. The Fund seeks to achieve its objective by generally investing at least 80% of its net asset value in "Equity and Equity Related Securities" of companies which are incorporated and/or listed on stock exchanges in the United States. Equity and Equity Related Securities includes but is not limited to equities, American depositary receipts and global depositary receipts, preferred shares, unleveraged participation notes linked to the underlying equity and warrants (not more than 5% of the Fund"s Net Asset Value). The Fund will be managed without excessive concentration in any one sector. The Fund is actively managed with reference to Russell 1000 Growth Index (the "Index") on the basis that the Fund seeks to outperform the Index

The investment objective of the Fund is to seek capital growth over the medium to long term. Investors should be aware that there is no guarantee that the Fund will achieve its investment objective.