Business Context and Reporting Period
This Form 8-K is a Regulation FD disclosure filed by Principal Financial Group, Inc. on July 20, 2021. The report provides Assets Under Management (AUM) data by asset manager for the quarter ended June 30, 2021, 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: $532.3 billion
- Other Entities AUM: $164.7 billion
- Total AUM Disclosed: $697.0 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 data for the prior period; therefore, material changes in AUM 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 indicated that these AUM figures will be presented again in the financial supplement for the quarter ended June 30, 2021, expected to be posted on or about July 27, 2021.
Investor Verification Checklist
- Verify the total AUM and segment breakdown in the upcoming quarterly earnings release and financial supplement (expected ~July 27, 2021).
- Review the specific performance of small/mid-cap equity and high yield/preferred fixed income products given the noted market exposure.
- Confirm the impact of foreign exchange rate fluctuations on the "Other Entities" AUM figure, as it includes translated international assets.