Fund Description

The fund, under normal circumstances, invests at least 80% of its net assets, plus any borrowings for investment purposes, in growth equity securities of companies with small market capitalizations. For this fund, such securities are those with market capitalizations within the range of companies comprising the Russell 2000 Index and included within at least one of the following growth indices: the MSCI All Country World IMI Growth Index, the S&P 1500 Growth Index, or the Russell 3000 Growth Index. It is primarily actively managed by the sub-advisors, and Principal Global Investors, LLC may invest up to 30% of assets using an index sampling strategy designed to match the Russell 2000 Growth Index.