Principal Equity Income Fund, among the first U.S. mutual funds,
launched in 1939
Company Website:
http://www.principal.com
SEATTLE -- (Business Wire)
Edge
Asset Management (EDGE) this year celebrates a key milestone: the 75th
anniversary of the launch of its first mutual fund. Today EDGE is a
leading manager of equity, fixed-income and target-risk asset allocation
strategies, with more than $27 billion in Assets Under Management1,
a 40 percent increase in the past two years.
Based in Seattle, EDGE’s heritage dates back to 1939 when the company
launched what is now the Principal
Equity Income Fund (PQIAX), one of the first 50 mutual funds in the
United States. The Principal
Financial Group® purchased Edge Asset Management
(formerly WM Advisors) in 2006 and the firm has become a key component
of Principal
Global Investors’ boutique investment culture.
“EDGE is known for managing straightforward investment solutions,” said Jill
Cuniff, president of Edge Asset Management. “In today’s environment,
headlines often grab the attention, resulting in volatile markets. As a
research-driven organization, we look beyond those headlines to identify
companies we believe can perform on a long-term basis.”
EDGE has a long history of income-oriented investing, which is “very
important in today’s environment,” Cuniff said. “We manage money and
talk to investors around the world, and there is a common demand for
yield and income among individuals, corporations and sovereign wealth
funds.” A recent Principal
Funds white paper on dividend investing, titled Growing
Dividends: The Opportunity in Equity Income Strategies, is available
for download here.
In addition to the Principal Equity Income Fund, EDGE also manages:
The team at EDGE is composed of more than 30 professionals, including
portfolio managers who average more than 19 years of investment
experience. Their investment process is characterized by fundamental
research, a long-term time horizon and often contrarian views.
For more research, analysis and insights from The Principal®,
visit The
Principal Knowledge Center and connect with us on Twitter.
About Principal Funds
Principal Funds is a leading provider
of mutual funds, with $118.5 billion in Assets Under Management.2
Principal Funds brings expertise in global investment management, asset
allocation and retirement leadership to financial professionals and
investors. Including its target-risk and target-date offerings,
Principal Funds is the fifth largest manager of lifecycle funds in the
industry.3 The companies that make up Principal Funds are
members of the Principal Financial Group®. For more
information, visit www.principalfunds.com.
About the Principal Financial Group
The Principal Financial
Group® (The Principal®)4 is a global
investment management leader offering retirement services, insurance
solutions and asset management. The Principal offers businesses,
individuals and institutional clients a wide range of financial products
and services, including retirement, asset management and insurance
through its diverse family of financial services companies. Founded in
1879 and a member of the FORTUNE 500®, the Principal
Financial Group has $517.9 billion in Assets Under Management5
and serves some 19.4 million customers worldwide from offices in Asia,
Australia, Europe, Latin America and the United States. Principal
Financial Group, Inc. is traded on the New York Stock Exchange under the
ticker symbol PFG. For more information, visit www.principal.com.
Carefully consider a fund’s objectives, risks, charges, and expenses.
Contact your financial professional or visit principalfunds.com for a
prospectus, or summary prospectus if available, containing this and
other information. Please read it carefully before investing.
Investing involves risk, including possible loss of principal.
Principal
Global Investors and its affiliates are sub-advisors to many of the
Principal Funds.
Principal Funds are distributed by
Principal Funds Distributor, Inc.
1 As of June 30, 2014.
2 As of June 30, 2014.
Includes all share classes of the Principal Funds, Inc. and Principal
Variable Contracts Funds, Inc.
3 Strategic Insight
Mutual Fund Lifecycle Report Q1 2014.
4 “The Principal
Financial Group” and “The Principal” are registered service marks of
Principal Financial Services, Inc., a member of the Principal Financial
Group.
5 As of June 30, 2014.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140729006043/en/
Contacts:
Principal Financial Group
Jaime Naig, 515-247-0798
naig.jaime@principal.com
Source: Principal Financial Group
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