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Principal modifies portfolio management for LargeCap, SmallCap funds
By Toni Weeks
San Diego, March 16 - Principal Funds announced portfolio management changes to its LargeCap Value Fund III and SmallCap Value Fund II, according to a 497 filing with the Securities and Exchange Commission.
Todd Williams has been added as a portfolio manager for the LargeCap Value Fund III. He is employed by Westwood Management Corp., a subadviser to the fund. Williams joins Stephen A. Clark, who has been the senior portfolio manager of the fund since 2008.
Joseph H. Chi, Jed S. Fogdall and Henry F. Gray have been added as portfolio managers to the SmallCap Value Fund II. They are employed by subadviser Dimensional Fund Advisors, LP and join Clark, who has been a portfolio manager for the fund since 2008.
The funds' investment adviser is Des Moines-based Principal Management Corp.
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