-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, E31jFhXtRZi9iZJn1oeDdlQLFydq7IEHa2UZXpUD3eTKdaAfbkyxM5lqeN7rXVdt peAAkbuAlY5DtUGU4/VidA== 0001364132-06-000060.txt : 20061031 0001364132-06-000060.hdr.sgml : 20061031 20061031152859 ACCESSION NUMBER: 0001364132-06-000060 CONFORMED SUBMISSION TYPE: 425 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20061031 DATE AS OF CHANGE: 20061031 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRINCIPAL INVESTORS FUND INC CENTRAL INDEX KEY: 0000898745 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 425 SEC ACT: 1934 Act SEC FILE NUMBER: 811-07572 FILM NUMBER: 061175410 BUSINESS ADDRESS: STREET 1: PRINCIPAL FINANCIAL GROUP STREET 2: 711 HIGH STREET CITY: DES MOINES STATE: IA ZIP: 50392-2080 BUSINESS PHONE: 515-247-5476 MAIL ADDRESS: STREET 1: PRINCIPAL FINANCIAL GROUP STREET 2: 711 HIGH STREET CITY: DES MOINES STATE: IA ZIP: 50392-2080 FORMER COMPANY: FORMER CONFORMED NAME: PRINCIPAL SPECIAL MARKETS FUND INC DATE OF NAME CHANGE: 19930714 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WM TRUST II CENTRAL INDEX KEY: 0000846883 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 425 BUSINESS ADDRESS: STREET 1: WM GROUP OF FUNDS STREET 2: 1201 THIRD AVENUE, 22ND FLOOR CITY: SEATTLE STATE: WA ZIP: 98101 BUSINESS PHONE: 206-461-2413 MAIL ADDRESS: STREET 1: WM GROUP OF FUNDS STREET 2: 1201 THIRD AVENUE, 22ND FLOOR CITY: SEATTLE STATE: WA ZIP: 98101 FORMER COMPANY: FORMER CONFORMED NAME: SIERRA TRUST FUNDS DATE OF NAME CHANGE: 19931206 FORMER COMPANY: FORMER CONFORMED NAME: GW SIERRA TRUST FUNDS DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: GW INVESTMENT FUNDS DATE OF NAME CHANGE: 19890514 CENTRAL INDEX KEY: 0000898745 CENTRAL INDEX KEY: 0000846883 S000000918 SMALL CAP GROWTH FUND C000002636 CLASS I C000002637 CLASS A SREMX C000002638 CLASS B SQEMX C000002639 CLASS C SSKCX C000018550 CLASS R-1 C000018551 CLASS R-2 S000000919 INTERNATIONAL GROWTH FUND C000002640 CLASS I C000002641 CLASS A SRIGX C000002642 CLASS B SQIGX C000002643 CLASS C SIGCX C000018552 CLASS R-1 C000018553 CLASS R-2 S000000920 CALIFORNIA MUNICIPAL FUND C000002644 CLASS A SRCMX C000002645 CLASS B SQCMX C000002646 CLASS C SRCCX S000000921 CALIFORNIA INSURED INTERMEDIATE MUNICIPAL FUND C000002647 CLASS A SRIIX C000002648 CLASS B SQIIX C000002649 CLASS C SIICX S000000922 SHORT TERM INCOME FUND C000002650 CLASS I C000002651 CLASS A SRHQX C000002652 CLASS B SQHQX C000002653 CLASS C STCCX C000018554 CLASS R-1 C000018555 CLASS R-2 S000000923 GROWTH FUND C000002654 CLASS I C000002655 CLASS A SRGFX C000002656 CLASS B SQGRX C000002657 CLASS C SGWCX C000018556 CLASS R-1 C000018557 CLASS R-2 425 1 form425wmgf1027.txt LETTER TO INVESTMENT REPRESENTATIVES RE FUND MERGERS Filing by WM Trust I, WM Trust II and WM Strategic Asset Management Portfolios, LLC pursuant to Rule 425 of the Securities Act of 1933, and deemed filed under Rule 14a-12(b) under the Securities Exchange Act of 1934. Subject Company: Principal Investors Fund, Inc. File Number: 811-07572 ====================================================== WM GROUP OF FUNDS 1201 Third Avenue, 22nd Floor Seattle, Washington 98101 www.wmgroupoffunds.com October 27, 2006 Dear Investment Representative: As you probably know, WM Advisors and its affiliates are in the process of being acquired by the Principal Financial Group. The transaction is expected to close by year end. Because the transaction involves proposed mergers and reorganizations of the retail WM Funds and the WM Variable Trust Funds, all shareholders as of October 17, 2006 will be asked to vote and approve the proposals via proxy before the transaction can be completed. The following is an expected timeline of events associated with the proxy mailings and shareholder meeting: October 17, 2006: Record date for WM Fund and WM Variable Trust Fund proposals October 31, 2006: Proxy statements and proxy ballots mail to WM Fund shareholders November 15, 2006: Proxy statements and proxy ballots mail to WM Variable Trust Fund shareholders December 15, 2006: Shareholder meeting date for WM Funds and WM Variable Trust Funds The Board of Trustees of the WM Funds and Variable Trust has unanimously approved the fund mergers and reorganizations and believes they are in the best interest of shareholders. Each of these proposed fund transactions is expected to qualify as a tax-free "reorganization" for federal income tax purposes. As a valued investment professional, your assistance in encouraging your clients to vote on the proposals is appreciated. You may view, download, and print copies of both proxy statements by visiting our Web site at wmgroupoffunds.com. The Variable Trust proxy will be available November 15. We are extremely excited about the prospects of joining the Principal Financial Group and the opportunities that lie ahead for all of us. If you have any questions in the meantime, please do not hesitate to call our Sales Support Hotline at 800-787-1621, option 2. Sincerely yours, /s/ William G. Papesh William G. Papesh President The foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of any fund, nor is it a solicitation of any proxy. For more information regarding the funds, or to receive a free copy of a proxy statement relating to the proposed reorganizations containing important information, please call 800-247-4123 or visit wmgroupoffunds.com. The proxy statement will also be available for free on the Securities and Exchange Commission's Web site at www.sec.gov. Please read the proxy statement carefully before making any investment decisions. The WM Group of mutual funds is advised by WM Advisors, Inc., distributed by WM Funds Distributor, Inc., and sold through WM Financial Services, Inc. (all affiliates of Washington Mutual, Inc.) and independent broker/dealers. For Broker/Dealer Use Only -----END PRIVACY-ENHANCED MESSAGE-----