| 1879 | Founding of Bankers Life, predecessor of the Principal Financial Group® | | 1941 | First retirement plan client | | 1960 | Assets under management reach $1 billion | | 1968 | Launch of first active US equity fund | | 1983 | Launch of core real estate equity fund | | 1983 | First total return fixed income fund | | 1985 | Assets under management reach $10 billion | | 1987 | Addition of dedicated international equity team | | 1990 | Launch of first small-cap and mid-cap equity funds | | 1992 | Addition of dedicated high yield and international bond specialists | | 1995 | Launch of emerging markets and international small-cap equity funds | | 1995 | Assets under management reach $50 billion | | 1997 | Addition of dedicated REIT capability | | 1999 | Acquired Asset Management offices in London, Sydney and Singapore | | 2001 | Purchase of Stamford-based Spectrum Asset Management | | 2001 | Initial public offering of Principal Financial Group® (NYSE - PFG) | | 2002 | Established asset management service office in Tokyo | | 2003 | Purchase of Los Angeles-based Post Advisory Group | | 2004 | Acquired a majority interest in Stamford-based Columbus Circle Investors | | 2004 | Assets under management reach $138 billion | | 2005 | Assets under management reach $159 billion | | 2006 | Assets under management reach $201.3 billion | | 2007 | Purchase of Portland-based Morley Financial Services | | 2007 | Assets under management reach $248.3 billion | | 2008 | Assets under management reach $244.4 billion* (as of June 30, 2008) |
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*As of June 30, 2008. Principal Global Investors is the asset management arm of the Principal Financial Group® (The Principal®)1 and includes the asset management operations of the following subsidiaries of The Principal: Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Spectrum Asset Management, Inc.; Post Advisory Group, LLC; Columbus Circle Investors; Edge Asset Management, Inc.; Morley Financial Services Inc.; Principal Global Investors (Europe) Limited; Principal Global Investors (Singapore) Ltd.; Principal Global Investors (Australia) Ltd.; Principal Global Investors (Japan) Ltd.; and the majority owned affiliates of Principal International, Inc.
1"The Principal Financial Group" and "The Principal" are registered trademarks of Principal Financial Services, Inc., a member of the Principal Financial Group.
