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Principal Diversified Intl Inst PIIIX

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Fund Merger Doesn’t Change Principal Diversified International’s Rating

Analyst Note

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On June 26, 2020, Principal SystematEx International Fund PSTMX will merge with the institutional and R6 share classes of Principal Diversified International Fund. Paul Blankenhagen and Juliet Cohn, comanagers of Principal Diversified International, which has a Morningstar Analyst Rating of Bronze, will remain in charge. The merger will not change the process of Diversified International and does not affect its Analyst Rating.

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