Securities and Exchange Commission August 15, 2014 – Federal Register Recent Federal Regulation Documents

Principal Funds, Inc., et al.; Notice of Application
Document Number: 2014-19338
Type: Notice
Date: 2014-08-15
Agency: Securities and Exchange Commission, Agencies and Commissions
Summary of Application: Applicants request an order that would amend and supersede a prior order (the ``Non-Affiliated Sub-Adviser Order'') \1\ that permits them to enter into and materially amend subadvisory agreements for certain multi-managed funds with non- affiliated sub-advisers without shareholder approval and grants relief from certain disclosure requirements. The requested order would permit applicants to enter into, and amend, such agreements with Wholly-Owned Sub-Advisers (as defined below) and non-affiliated sub-advisers without shareholder approval.