Principal Trust funds exceeds $1B
The Principal Trust Target Date Collective Investment Funds, a target date investment series launched in July 2009 by Principal Trust Co. and developed exclusively for qualified retirement plans through a collective investment trust, recently exceeded $1 billion in assets. “We launched these funds because financial professionals and their plan sponsor clients wanted additional choices,” said Art Bacci, president and CEO of Principal Trust Co. and Principal Bank. “The growth in this fund series demonstrates continued strong demand for this type of investment option that includes passively managed underlying assets.”
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