Principal modifies portfolio management for LargeCap, SmallCap funds

By Toni Weeks

San Diego, March 16 - Principal Funds announced portfolio management changes to its LargeCap Value Fund III and SmallCap Value Fund II, according to a 497 filing with the Securities and Exchange Commission.

Todd Williams has been added as a portfolio manager for the LargeCap Value Fund III. He is employed by Westwood Management Corp., a subadviser to the fund. Williams joins Stephen A. Clark, who has been the senior portfolio manager of the fund since 2008.

Joseph H. Chi, Jed S. Fogdall and Henry F. Gray have been added as portfolio managers to the SmallCap Value Fund II. They are employed by subadviser Dimensional Fund Advisors, LP and join Clark, who has been a portfolio manager for the fund since 2008.

The funds' investment adviser is Des Moines-based Principal Management Corp.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.