Fund Description

The fund was incepted in August 1997 and is managed by Principal Management Corporation. The fund seeks long-term growth of capital by investing in a portfolio of equity securities of companies domiciled in any of the nations of the world. The fund invests primarily in equity securities of non-U.S. companies with comparatively smaller market capitalizations. The fund invests at least 80% of its assets in securities of companies having market capitalizations of $2 billion or less at the time of purchase. The fund intends to invest at least 65% of its assets in securities of companies in at least three different countries. The fund offers dividends and capital gains annually.