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Principal Securities offers investment management through third-party money managers. The fees you pay depend on the specific program you choose and the amount you invest.

Under the Investment Adviser arrangement, Principal Securities charges a separate advisory fee, which is negotiable but will not exceed the following:

SEI Investment Management Corporation (Managed Account Solutions):

• Up to 1.75% annually on assets up to $500,000
• Up to 1.20% annually on assets between $500,001 and $999,999
• Up to 1.10% annually on assets of $1 million and up

SEI Investment Management Corporation (Mutual Fund Model Program):

• Up to 1.75% annually on assets up to $500,000
• Up to 1.20% annually on assets between $500,001 and $999,999
• Up to 1.10% annually on assets between $1,000,000 and $2,000,000
• Up to 0.90% annually on assets of $2,000,001 and up

Fees are collected quarterly.

Under the Promoter arrangement, you don't pay Principal Securities any fees directly. The TPMM calculates and collects all fees and then pays a portion to Principal Securities as a promoter's fee, ranging from 0.07% to 1.5% of assets or up to 50% of the advisory fee.