MutualFundWire.com: Principal Won't Let Expense Caps Expire for 25 Funds

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Wednesday, December 29, 2010

Principal Won't Let Expense Caps Expire for 25 Funds

Principal [see profile] is no longer going to lift expense caps on 25 of its funds. An SEC filing reveals that the Des Moines, Iowa-based mutual fund firm has expense ratio caps set to expire for the funds on February 28, 2011, but Principal spokeswoman Jaime Naig told The MFWire that the caps and waivers have now been extended through February 29, 2012.

Those funds include:

Bond & Mortgage Securities Fund;

Disciplined LargeCap Blend Fund;

Diversified International Fund;

Global Diversified Income Fund;

Global Real Estate Securities Fund;

Government & High Quality Bond Fund;

Income Fund;

Inflation Protection Fund;

International Emerging Markets Fund;

LargeCap Growth Fund II;

LargeCap S&P 500 Index Fund;

LargeCap Value Fund;

LargeCap Value Fund III;

MidCap Blend Fund;

MidCap Growth Fund III;

MidCap Value Fund I;

Money Market Fund;

Real Estate Securities Fund;

Short-Term Income Fund;

SmallCap Blend Fund;

SmallCap Growth Fund;

SmallCap Growth Fund II;

SmallCap Value Fund;