How do I Redeem Shares from My Account?
You may redeem shares of your Principal Funds the following ways:
By Mail
Send a letter of instruction, including the account number, signed exactly as your account is registered. A signature guarantee is required for redemption's if:
- the redemption is $100,000 or more.
- the check is to be mailed to an address which differs from the address of record.
- the check is payable to a third party.
- the current address on the account has been changed within the last month.
Please mail your letter of instruction to:
| Regular Mail: Principal Funds PO Box 8024 Boston, MA 02266-8024 |
Overnight Mail: Principal Funds 30 Dan Road Canton, MA 02021-2809 |
By Telephone
Redemptions by telephone are provided to customers who have telephone privileges on their account, have not changed their address of record within the last month and are redeeming less than $100,000. Call the Client Contact Center at 1.800.222.5852 between 7 a.m. and 7 p.m. CT on any business day. The redemption proceeds will be sent to your address or to a previously authorized bank account. Telephone redemptions are NOT available for Principal Investors Fund 403(b) plans, inherited IRAs, and certain employer sponsored benefit plans.
Check Writing
If you own a Principal Funds, Inc. Money Market Fund you may write a check just as you do from your bank account. Simply write the check to yourself or a designated payee for more than $250.
Periodic Withdrawal Plan
You can request that a fixed number of shares ($100 initial minimum amount) or enough shares to produce a fixed amount of money ($25 initial minimum payment) be redeemed from your account either monthly, quarterly, semiannually or annually in the amount your choose. With a periodic withdrawal plan, please complete an Agreement for Periodic Withdrawal form which may be obtained by calling the Client Contact Center at 1.800.222.5852.
Before investing in mutual funds, investors should carefully consider the investment objectives, risks, charges and expenses of the funds. This and other information is contained in the free prospectus, which can be obtained by:
- Calling 1.800.222.5852 and requesting a prospectus (all share classes)
- Downloading a prospectus (A, B & C shares)
- Downloading a prospectus (J shares)
- Requesting a prospectus be mailed to you (A, B & C shares)
- Requesting a prospectus be mailed to you (J shares)
Please read the prospectus carefully before investing. See the mutual fund section of our site for a description of the different share classes.
