PRINCIPAL FUNDS, INC.
SUB-ADVISORY AGREEMENT AMENDMENT
WELLINGTON MANAGEMENT COMPANY LLP
This AMENDMENT to the Sub-Advisory Agreement between
Principal Management Corporation (the "Manager") and
WELLINGTON MANAGEMENT COMPANY LLP (the "Sub-
Advisor"), executed as of October, 24, 2011 (the "Agreement")
with respect to Global Multi-Strategy Fund (the "Fund"), is
effective as of July 1, 2015.
1. The Agreement is hereby amended to add the following as
Section 12:
The Sub-Advisor acknowledges Manager's
representation that the Global Multi-Strategy Fund
series is a "commodity pool" under the Commodity
Exchange Act (the "CEA") and that the Manager
does not rely on the exclusion from the definition of
"commodity pool operator" under Section 4.5 of the
General Regulations under the CEA.
The Sub-Advisor represents that it is a commodity
trading advisor duly registered with the Commodity
Futures Trading Commission (the "CFTC") and is a
member of the National Futures Association (the
"NFA") or is relying on an exemption from registration
as a commodity trading advisor. As applicable, the
Sub-Advisor shall maintain such registration and
membership or continue to qualify for an exemption
from registration as a commodity trading advisor during
the term of this Agreement. Further, the Sub-Advisor
agrees to notify the Manager within a commercially
reasonable time upon (i) a statutory disqualification of
the Sub-Advisor under Sections 8a(2) or 8a(3) of the
CEA, (ii) a suspension or revocation of the Sub-
Advisor's commodity trading advisor registration or
NFA membership, or (iii) unless prohibited, the
institution of an action or proceeding that the Sub-
Advisor reasonably believes is likely to lead to a
statutory disqualification under the CEA or an
investigation involving the affairs of the Fund by the
CFTC or NFA.
The Agreement otherwise remains in full force and
effect. In the event of a conflict between this
Amendment and the Agreement or any earlier
amendment, the terms of this Amendment shall
prevail.
PRINCIPAL MANAGEMENT
CORPORATION
WELLINGTON MANAGEMENT
COMPANY LLP
By: /s/ Xxxxxxx X. Beer
By: /s/ Xxxxx X. Xxxxxxxxxx
PRINT NAME: Xxxxxxx X. Beer
PRINT NAME: Xxxxx X.
Xxxxxxxxxx
TITLE: President & CEO
TITLE: Senior Managing Director
DATE: 07/01/2015
DATE: 6/23/2015
