Principal Global Investors, Llc
SEC-registered
Investment Adviser · Mega ($100B+)
CRD 109002
· SEC file 801-55959
· Des Moines, IA
· www.linkedin.com
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ADV data as of May 28, 2026
- Regulatory AUM
- $428B
- Discretionary
- $419B
- Clients
- 8,205
- Avg AUM / client
- $52.1M
- Accounts
- 8,169
- Employees
- 1,394
AUM over time
$119B
$428B
Dec 2011
May 2026
Annual snapshots from Form ADV filings · as of May 28, 2026
Asset allocation (SMA assets by investment type)
as of May 28, 2026
Exchange-traded equities
$184B
43%
Investment-grade corporate bonds
$81.3B
19%
Other
$68.4B
16%
US government & agency bonds
$21.4B
5%
Non-investment-grade bonds
$21.4B
5%
Cash & equivalents
$17.1B
4%
State & local bonds
$12.8B
3%
Registered investment companies (funds/ETFs)
$12.8B
3%
Derivatives
$4.3B
1%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 6,014 | $2.1B | 0.49% |
| High net worth individuals | 315 | $970M | 0.23% |
| Banking or thrift institutions | 37 | $8.5B | 1.99% |
| Investment companies | 101 | $151B | 35.2% |
| Pooled investment vehicles (non-investment companies) | 29 | $40.0B | 9.35% |
| Pension and profit sharing plans | 578 | $41.0B | 9.6% |
| Charitable organizations | 30 | $2.0B | 0.48% |
| State or municipal government entities | 78 | $5.5B | 1.29% |
| Other investment advisers | 0 | $0 | — |
| Insurance companies | 60 | $145B | 34.0% |
| Sovereign wealth funds and foreign official institutions | 12 | $14.3B | 3.34% |
| Corporations and other businesses | 951 | $17.3B | 4.04% |
Private funds (4)
Reported in Form ADV Section 7.B.(1), filing of Aug 2024 · $437M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Finisterre Emd Total Return Fund, Lp | Hedge Fund | Delaware | $374M | 2 |
| Principal Alternative Credit Unlevered Fund, Lp master | Hedge Fund | Delaware | $38.5M | 1 |
| Principal Alternative Credit Unlevered Fund (Offshore) C, Lp | Hedge Fund | Cayman Islands | $15.2M | 1 |
| Principal Alternative Credit Fund (Offshore), Lp | Hedge Fund | Cayman Islands | $9.7M | 1 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
People (137)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Hittner, Jill, Marie | Executive Director/Chief Financial Officer Pgi | Mar 2007 (19y) | Less than 5% | |
| Houston, Daniel, Joseph | Director | Dec 2015 (11y) | Less than 5% | |
| Jablonski, Todd, Anthony | Cio Pgaa | Jun 2020 (6y) | Less than 5% | |
| Ness, Brian, Steven | Executive Director & Cio Pgam & Pi | Jun 2020 (6y) | Less than 5% | |
| Strable Soethout, Deanna Dawnette | Director | Jun 2020 (6y) | Less than 5% | |
| Mccullum, Kenneth Allen | Svp & Chief Risk Officer | Dec 2020 (6y) | Less than 5% | |
| Lange, Justin, Thomas | Chief Compliance Officer | Sep 2022 (4y) | Less than 5% | |
| Everett, Todd, Eugene | Global Head Of Private Markets | Mar 2023 (3y) | Less than 5% | |
| Djurasovic, George | General Counsel | Nov 2023 (3y) | Less than 5% | |
| Goosay, Michael, Jason | Cio & Global Head Of Fixed Income | Nov 2023 (3y) | Less than 5% | |
| Maris, George, Peter | Cio & Global Head Of Equities | Nov 2023 (3y) | Less than 5% | |
| Barbara Wenig | Global Head Of Operations | CFA | Mar 2024 (2y) | Less than 5% |
| Bhatia, Kamal | Chief Executive Officer & President | Mar 2024 (2y) | Less than 5% | |
| Hill, Timothy, Allen | Senior Executive Managing Director | Mar 2024 (2y) | Less than 5% | |
| Shumway, Ellen, Wilson | Global Head Of Product | Mar 2024 (2y) | Less than 5% | |
| Eric Gene Forret | Registered representative | Sep 2008 (18y) | ||
| Christopher Coffin Wilson | Registered representative | Apr 2009 (17y) | ||
| Jay Thomas Harbison | Registered representative | Apr 2011 (15y) | ||
| James Emerson Lange | Registered representative | Nov 2011 (15y) | ||
| Erik Miller Tetmeyer | Registered representative | Jul 2012 (14y) | ||
| Richard D Webb | Registered representative | Feb 2016 (10y) | ||
| Laura K Mastin | Registered representative | Aug 2016 (10y) | ||
| Brandon Michael Miller | Registered representative | Aug 2016 (10y) | ||
| Juliana Rae Pearson Thomas | Registered representative | Jan 2017 (10y) | ||
| Matthew Quick | Registered representative | Jan 2017 (10y) | ||
| Justin Stephen Vaught | Registered representative | Feb 2017 (9y) | ||
| Christopher Jorgensen | Registered representative | Feb 2017 (9y) | ||
| Kraig Lee Kuhlers | Registered representative | Feb 2017 (9y) | ||
| Kevin Robert Hansen | Registered representative | Mar 2017 (9y) | ||
| Robert Fitts Gidel | Registered representative | Mar 2017 (9y) | ||
| Bret James Bussanmas | Registered representative | Mar 2017 (9y) | ||
| Robert M Mudd | Registered representative | Jul 2017 (9y) | ||
| Andrew Michael Wrightsman | Registered representative | CFA | May 2018 (8y) | |
| Samantha Paige Kintzle | Registered representative | Sep 2018 (8y) | ||
| Daniel Patrick Janiszewski | Registered representative | Oct 2018 (8y) | ||
| Kristopher James Goeden | Registered representative | Oct 2018 (8y) | ||
| Mitchell Aaron Curtis | Registered representative | Oct 2018 (8y) | ||
| Kari Ann Delaney | Registered representative | Nov 2018 (8y) | ||
| Nicholas James Coppola | Registered representative | CFA | Nov 2018 (8y) | |
| Cole Thomas Vautier | Registered representative | Jan 2019 (8y) | ||
| Brian Douglas Latta | Registered representative | Feb 2019 (7y) | ||
| Gregory David Pittenger | Registered representative | Aug 2019 (7y) | ||
| Jeremy Munter | Registered representative | Sep 2019 (7y) | ||
| Jeffrey Alan Trier | Registered representative | Chartered Financial Consultant | Oct 2019 (7y) | |
| Robert Tirrell | Registered representative | Jun 2020 (6y) | ||
| Clint Kelly Anderson | Registered representative | Dec 2020 (6y) | ||
| Brad Michael Schlichte | Registered representative | Chartered Financial Consultant | Jun 2021 (5y) | |
| Jamie Kim Stenger | Registered representative | Nov 2021 (5y) | ||
| Andrew Thomas Turcotte | Registered representative | CFP | Nov 2021 (5y) | |
| Jonathan Michael Apsley | Registered representative | CFA | Dec 2021 (5y) | |
| Jeffrey Clark Davison | Registered representative | Dec 2021 (5y) | ||
| Jesse John Scheeler | Registered representative | Dec 2021 (5y) | ||
| Stacy Renee Heger | Registered representative | Dec 2021 (5y) | ||
| Andrew Clifford Miller | Registered representative | Dec 2021 (5y) | ||
| Benjamin Daniel Totel | Registered representative | Dec 2021 (5y) | ||
| Ryan John Carroll | Registered representative | Dec 2021 (5y) | ||
| Kelsey Marie Meighan | Registered representative | Dec 2021 (5y) | ||
| Matthew Merrick Huyett | Registered representative | Dec 2021 (5y) | ||
| John Winston Crandell | Registered representative | Jan 2022 (5y) | ||
| Andrew Christian Reilly | Registered representative | Jan 2022 (5y) | ||
| Anthony Blake Hood | Registered representative | Jan 2022 (5y) | ||
| Julie Rose Stirling | Registered representative | Jan 2022 (5y) | ||
| Michael Christopher Schaefer | Registered representative | Jan 2022 (5y) | ||
| Steven Paul Cusato | Registered representative | Jan 2022 (5y) | ||
| Jason D Topp | Registered representative | Jan 2022 (5y) | ||
| Angela Marie Ault | Registered representative | Jan 2022 (5y) | ||
| Ryan Joseph Schutty | Registered representative | Feb 2022 (4y) | ||
| Timothy Lee Duellman | Registered representative | Feb 2022 (4y) | ||
| David Arthur Carrano | Registered representative | Feb 2022 (4y) | ||
| David Edward Willy | Registered representative | Feb 2022 (4y) | ||
| Kari Lynn Brett | Registered representative | Feb 2022 (4y) | ||
| John J Obrien | Registered representative | Feb 2022 (4y) | ||
| Timothy David Mcqueen | Registered representative | Mar 2022 (4y) | ||
| John Dodge Mullen | Registered representative | Mar 2022 (4y) | ||
| William Harvey Glover | Registered representative | Mar 2022 (4y) | ||
| Hratch Minassian | Registered representative | Mar 2022 (4y) | ||
| Nicholas Jerome Walstrom | Registered representative | Mar 2022 (4y) | ||
| Thomas A Monahan | Registered representative | Mar 2022 (4y) | ||
| Peter Robert Ayoub | Registered representative | CFP | Mar 2022 (4y) | |
| Sophie Khommarath Tenaglia | Registered representative | Mar 2022 (4y) | ||
| Zachary Steven Moore | Registered representative | Apr 2022 (4y) | ||
| Jake Ryne Slattery | Registered representative | Apr 2022 (4y) | ||
| Kyle James Porter | Registered representative | May 2022 (4y) | ||
| Ariane Diane Croft | Registered representative | May 2022 (4y) | ||
| Michael Edward Burke | Registered representative | Jun 2022 (4y) | ||
| Jennifer L. Graves | Registered representative | Oct 2022 (4y) | ||
| Alexander Glenn Yee | Registered representative | Nov 2022 (4y) | ||
| Sadie Lynn Johnson | Registered representative | Mar 2023 (3y) | ||
| Wyatt A Boshart | Registered representative | Mar 2023 (3y) | ||
| Rhonda Lanell Holmes | Registered representative | May 2023 (3y) | ||
| Sandra Kay Copic | Registered representative | Jun 2023 (3y) | ||
| Kelly Ann Stefanowicz | Registered representative | CFP | Oct 2023 (3y) | |
| Grace Klopstad | Registered representative | Nov 2023 (3y) | ||
| Levin James Wilson | Registered representative | Nov 2023 (3y) | ||
| Devin Crew | Registered representative | Nov 2023 (3y) | ||
| Emily Marr | Registered representative | Dec 2023 (3y) | ||
| Dejha Lee Krajcar | Registered representative | Jan 2024 (3y) | ||
| Gregory Seaver | Registered representative | Jan 2024 (3y) | ||
| Stacey Lynn Blake | Registered representative | Feb 2024 (3y) | ||
| Andrew Slattenow | Registered representative | Feb 2024 (2y) | ||
| Kenneth Edward Burd | Registered representative | Feb 2024 (2y) | ||
| Jordan Robert Edgar Fahr | Registered representative | Feb 2024 (2y) | ||
| Michael Paul Adamson | Registered representative | Mar 2024 (2y) | ||
| Russell John Anthofer | Registered representative | Mar 2024 (2y) | ||
| Todd D Crandall | Registered representative | Mar 2024 (2y) | ||
| Hunter Foubert | Registered representative | Apr 2024 (2y) | ||
| Sean O'malley | Registered representative | Apr 2024 (2y) | ||
| Yolanda Reyes White | Registered representative | Jul 2024 (2y) | ||
| Brett K Okamoto | Registered representative | Aug 2024 (2y) | ||
| Donald Eugene Ponder | Registered representative | Sep 2024 (2y) | ||
| Patrick Deegan Mccloskey | Registered representative | Sep 2024 (2y) | ||
| Martin Chipps | Registered representative | Oct 2024 (2y) | ||
| James Ronald Pondel | Registered representative | Oct 2024 (2y) | ||
| Maibi Ben Horsfall | Registered representative | Feb 2025 (1y) | ||
| William Nickolas Lefler | Registered representative | Mar 2025 (1y) | ||
| Derek Stephen Dunn | Registered representative | Apr 2025 (1y) | ||
| John Michael Mueller | Registered representative | May 2025 (1y) | ||
| Jordan M Sabus | Registered representative | May 2025 (1y) | ||
| Alexa Kate Mc Mahon | Registered representative | Jun 2025 (1y) | ||
| Alex James Van Roekel | Registered representative | Jun 2025 (1y) | ||
| Thomas Edward Zanellato | Registered representative | Jul 2025 (1y) | ||
| Reid Benjamin Johnson | Registered representative | Jul 2025 (1y) | ||
| Louis Hollingsworth Dworsky | Registered representative | Sep 2025 (1y) | ||
| Brett Andrew Dubay | Registered representative | Sep 2025 (1y) | ||
| Matthew Tyne Raynor | Registered representative | Oct 2025 (1y) | ||
| Logan Michael Nickerson | Registered representative | Dec 2025 (1y) | ||
| Colin Joseph Arnold | Registered representative | Jan 2026 (1y) | ||
| Jason Robert Shammas | Registered representative | Mar 2026 (0y) | ||
| Gress Lawson | Registered representative | Mar 2026 (0y) | ||
| Robynn Rene Vande Krol | Registered representative | Mar 2026 (0y) | ||
| Kenneth Peter Oconnor | Registered representative | Apr 2026 (0y) | ||
| Amanda Hayda Staples | Registered representative | May 2026 (0y) | ||
| Brett Cortelezzi | Registered representative | May 2026 (0y) | ||
| Kyle David Geers | Registered representative | May 2026 (0y) | ||
| Rhiana Johnson | Registered representative | Jun 2026 (0y) | ||
| Brady Michael Douma | Registered representative | Jun 2026 (0y) | ||
| Patrick Vincent Carroll | Registered representative | Jun 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Principal Global Investors Holding Company (Us), Llc | 100% Owner | May 2017 | A | 75% or more |
| Principal Financial Group, Inc. | 100% Owner | Oct 2001 | B | ≈ 42.19% – 100% via Principal Financial Services, Inc. |
| Principal Financial Services, Inc. | 100% Owner | May 2017 | B | ≈ 56.25% – 100% via Principal Global Investors Holding Company (Us), Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Principal Financial Group, Inc.: 75% – 100% of Principal Financial Services, Inc. × 75% – 100% of Principal Global Investors Holding Company (Us), Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Principal Financial Services, Inc.: 75% – 100% of Principal Global Investors Holding Company (Us), Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (4, $437M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Finisterre Emd Total Return Fund, Lp | Hedge Fund | $374M | $20.0M | 2 |
| Principal Alternative Credit Unlevered Fund, Lp | Hedge Fund | $38.5M | $5.0M | 1 |
| Principal Alternative Credit Unlevered Fund (Offshore) C, Lp | Hedge Fund | $15.2M | $5.0M | 1 |
| Principal Alternative Credit Fund (Offshore), Lp | Hedge Fund | $9.7M | $5.0M | 1 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (86)
Top 25 of 86 plans by assets.
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/28/2026 | 6.2 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Regulatory · Item 11.D(2), 11.D(4)
as of Aug 23, 2024
Allegations: IN APRIL 2022 PRINCIPAL GLOBAL INVESTORS, LLC (PGI) HAD AN UNINTENTIONAL SHORT SALE OF A SECURITY DUE TO A CORPORATE ACTION IN POTENTIAL BREACH OF LOCAL REGULATIONS. IN SEPTEMBER 2022, PGI RECEIVED AN EMAIL REGARDING "NOTICE OF ACTION TO BE TAKEN" REGARDING THE BREACH OF LOCAL RESTRICTION PROVISIONS IN THE FINANCIAL INVESTMENT SERVICES AND CAPITAL MARKETS ACT OF KOREA. THE FINAL DISPOSITION INVOLVED A FINAL ORDER ISSUED ON 11/11/22 ORDERING PRINCIPAL AM TO PAY A FINE IN THE AMOUNT OF 45,000,000 SOUTH KOREAN WAN, OR ROUGHLY 34,200 US DOLLARS TO THE SOUTH KOREAN SECURITIES AND FUTURES COMMISSION. Status: Final Sanction Detail: ORDER RESULTED IN A FINE OF 45,000,000 SOUTH KOREAN WAN, 9,000,000 WAS WAIVED FOR EARLY PAYMENT AND THE AMOUNT WAS PAID ON 11/14/22 Summary: IN APRIL 2022, PRINCIPAL GLOBAL INVESTORS, LLC (PGI) HAD AN UNINTENTIONAL SHORT SALE OF A SECURITY DUE TO A CORPORATE ACTION IN POTENTIAL BREACH OF LOCAL REGULATIONS. IN SEPTEMBER 2022, PGI RECEIVED AN EMAIL REGARDING "NOTICE OF ACTION TO BE TAKEN" REGARDING THE BREACH OF LOCAL RESTRICITON PROVISIONS IN THE FINANCIAL INVESTMENT SERVICES AND CAPITAL MARKETS ACT OF KOREA. THE FINAL DISPOSITON INVOLVED A FINAL ORDER ISSUED ON 11/11/2022 ORDERING PRINCIPAL AM TO PAY A FIND IN THE AMOUNT OF 45,000,000 SOUTH KOREAN WAN, OR ROUGHLY 34,200 US DOLLARS TO THE SOUTH KOREAN SECURITIES AND FUTURES COMMISSION.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
- • Other fees
- • CHARGE ON A COST ALLOCATION BASIS TO PRINCIPAL LIFE
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
- • Educational seminars/workshops
- • Other services
Custody
Reported custodians
- State Street $142B (33% of AUM) May 2026
- BNY Mellon $138B (32% of AUM) May 2026
- Citibank $31.7B (9% of AUM) Jan 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 28, 2026.
View current Form ADV (SEC/IAPD) ↗