Business Context and Reporting Period
This Form 8-K is a Regulation FD disclosure filed by Principal Financial Group, Inc. on July 17, 2020. The report provides Assets Under Management (AUM) data as of June 30, 2020, prior to the release of the company's quarterly earnings.
Key Financial Metrics
The filing focuses exclusively on AUM figures and does not provide data on revenue, profit, cash flow, margins, debt, or liquidity.
- Principal Global Investors AUM: $450.1 billion
- Other Entities AUM: $141.8 billion
- Total Reported AUM: $591.9 billion
Note: "Other Entities" includes Principal International, Principal Bank, insurance segment assets, and sub-advised assets within the RIS segment. International AUM is translated to U.S. dollars using end-of-period spot rates.
Material Changes
The filing text does not provide comparative AUM figures for the prior period; therefore, material changes versus the prior comparable period cannot be determined from this document.
Outlook, Risks, and Management Commentary
Management highlighted specific portfolio exposures relevant during times of market dislocation and wider return dispersion:
- US Equity AUM: Exposure to small and mid-cap products.
- Fixed Income AUM: Exposure to high yield and preferred securities.
The company noted that these AUM figures will be presented again in the financial supplement for the quarter ended June 30, 2020, expected on or about July 27, 2020.
Investor Verification Checklist
- Verify the total AUM of $591.9 billion against the upcoming quarterly earnings release and financial supplement.
- Review the detailed breakdown of "Other Entities" to understand the composition of the $141.8 billion figure.
- Assess the impact of the noted small/mid-cap equity and high-yield fixed income exposures on portfolio performance given current market conditions.
- Confirm the impact of foreign exchange rates on the translated AUM for Principal International.