Target Date Series from The Principal
Portfolio Manager Biographies
Jeffrey R. Tyler, CFA
Mr. Tyler joined the Principal Financial Group in 2011 as a portfolio manager for Principal Management Corporation. Prior to that, Mr. Tyler was the Chief Investment Officer at EXOS Partners. From 1988-2009, Mr. Tyler was a Senior Vice President, Senior Portfolio Manager, and Manager of Taxable Fixed Income for American Century. He earned a B.A. in business economics and accounting from the University of California, Santa Barbara and a Master of Management in finance and economics from the J.L. Kellogg Graduate School of Management, Northwestern University. Mr. Tyler has earned the right to use the Chartered Financial Analyst designation.
Dirk Laschanzky, CFA
Mr. Laschanzky is a portfolio manager for Principal Global Investors. He heads the firm's asset allocation and structured investments group and is a lead manager of the Principal LifeTime Funds, a family of diversified target-date lifecycle investment funds. He joined the firm in 1997. Previously, Mr. Laschanzky was a portfolio manager and analyst for over seven years at AMR Investment Services (now American Beacon Advisors) where he managed short duration fixed income portfolios and was among the team responsible for the management of the American Airlines' pension plans. He also served previously as a financial analyst for American Airlines. Mr. Laschanzky received an MBA and bachelor's degree, both in finance, from the University of Iowa. He has earned the right to use the Chartered Financial Analyst designation. Mr. Laschanzky is a member of the CFA Society of Iowa and the CFA Institute. He is also an adjunct instructor of finance at the University of Iowa graduate business school.
David M. Blake, CFA
Mr. Blake is the executive director and chief investment officer of fixed income for Principal Global Investors. In this capacity, Mr. Blake is responsible for building the firm's fixed income business across the Americas, Europe and Australasia. In his role as chief investment officer, Mr. Blake oversees portfolio management and research conducted by investment teams involved in various traditional, alternative and structured product strategies. Mr. Blake is a member of the firm's asset allocation committee and also serves on the board of several affiliates of Principal Global Investors, including Edge Asset Management, Morley Financial Services, Blake Advisory Group and Spectrum Asset Management. Mr. Blake joined Principal Global Investors in 2000. Previously, Mr. Blake was a senior portfolio manager for Boatmen's Capital Management, a subsidiary of Bank of America, where he began his career in 1989. Mr. Blake received both an MBA and a bachelor's degree from Saint Louis University. He has earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Institute.
Randy L. Welch
Mr. Welch is a Vice President of Principal Management Corporation. Mr. Welch joined the Principal Financial Group in 1989 and oversees the functions of the Investment Services group, which includes investment manager research, investment consulting, performance analysis, and investment communication. He is also responsible for the due diligence process that monitors investment managers used by Principal Funds, Inc. Mr. Welch has FINRA Series 7, 24, 63 and 66 registrations and is also an affiliate member of the Chartered Financial Analysts (CFA) Institute. Mr. Welch earned his undergraduate degree from Grand View College and an MBA from Drake University.
James Fennessey, CFA
Mr. Fennessey is a Vice President of Principal Management Corporation. Mr. Fennessey joined the Principal Financial Group in 2000. He is the Head of the Manager Research Team that is responsible for analyzing, interpreting and coordinating investment performance data and evaluation of the investment managers under the due diligence process that monitors investment managers used by Principal Funds, Inc. Mr. Fennessey graduated from Truman State University with a BS in Business Administration, with an emphasis in Finance, and a minor in Economics. He has earned the right to use the Chartered Financial Analyst designation.
Investors should carefully consider a mutual fund's investment objectives, risks, charges and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting principal.com, or calling 1.800.547.7754. Read the prospectus carefully before investing.
Before directing retirement funds to a separate account, investors should carefully consider the investment objectives, risks, charges and expenses of the separate account as well as their individual risk tolerance, time horizon and goals. For additional information contact us at 1.800.547.7754 or by visiting principal.com
Investment options are subject to investment risk. Shares or unit values will fluctuate and investments, when redeemed, may be worth more or less than their original cost.
Asset allocation does not guarantee a profit or protect against a loss. Equity investment options involve greater risk, including heightened volatility, than fixed-income investment options. Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. International and global investment options are subject to additional risk due to fluctuating exchange rates, foreign accounting and financial policies, and other economic and political environments. These risks are magnified in emerging markets.There is no guarantee that a target date investment will provide adequate income at or through retirement.