Item 7.01 Regulation FD Disclosure
This report is filed quarterly to disclose assets under management ("AUM") by
asset manager, prior to the availability of Principal Financial Group, Inc's
(the "Company") quarterly earnings release. The amounts presented herein will be
consistent with the format of AUM by asset manager and presented again in such
format within the Company's financial supplement for the quarter ended March 31,
2022 when that document is posted to the Company's investor relations web site
on or about April 28, 2022.
As of March 31, 2022, the assets under management by asset manager were $537.4
billion for Principal Global Investors and $176.9 billion for Other Entities of
Principal Financial Group. Other Entities of Principal Financial Group includes
Principal International, Principal Bank, assets managed by segments of the
insurance company and sub-advised assets within the RIS segment.
· Effective 1Q22, $18.6 billion of AUM moved into Principal Global Investors
through Operations Acquired due to the integration of the Institutional Asset
Advisory team.
Note: Principal Global Investors delivers products and services through our
network of focused investment teams. During times of market dislocations and a
wider dispersion of returns, it is important to note our exposure to small and
mid-cap products in US equity AUM and high yield and preferred securities
exposure in fixed income AUM. Other Entities of Principal Financial Group
includes AUM associated with Principal International where AUM is translated to
U.S. dollar equivalents using end of reporting period spot foreign exchange
rates.
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