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Investment Type: pif

Global Multi-Strategy Inst Fund (PSMIX)

Portfolio Composition

  as of 02/29/2024
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Asset Type Net Short Long U.S. Stocks 36.42% 5.16%   41.58%   Cash 26.61% 47.89%   74.5%   U.S. Bonds 18.84% 22.58%   41.41%   Non-U.S. Bonds 10.83% 10.38%   21.22%   Non-U.S. Stocks 4.9% 4.53%   9.42%   Convertibles 1.12% 0.0%   1.12%   Preferred 0.67% 0.0%   0.67%   Other 0.61% 0.01%   0.62%   Total 100%

Top 10 Holdings   as of 02/29/2024    What's this? % of Net Assets Principal Government Money Market R-6 16.40 Future on 2 Year Treasury Note 13.18 Future on 2 Year Treasury Note 7.02 Euro-Schatz Fut Mar24 6.22 E-Mini Russ 2000 Mar24 2.71 Future on 5 Year Treasury Note 2.36 Future on 5 Year Treasury Note 2.18 Dax Future Mar 24 1.72 Euro Stoxx 50 Future Mar 24 1.71 Ultra 10 Year US Treasury Note Future June 24 1.66 Total*: 55.15 *Values may exceed 100% if both long and short positions are included in the portfolio View Full Portfolio Holdings

Morningstar Style Box™   as of 02/29/2024    What's this?

Stock Sector Breakdown   as of 02/29/2024    What's this? % of Net Assets Cyclical 30.88 Basic Materials 4.15 Consumer Cyclical 12.07 Financial Svcs 11.52 Real Estate 3.14 Defensive 19.74 Consumer Defensive 5.80 Healthcare 12.28 Utilities 1.66 Sensitive 49.37 Comm Svcs 6.34 Energy 9.79 Industrials 14.16 Technology 19.08

Analysis   as of 02/29/2024 Average Market Cap (mil): $46,218.29 Price/Earnings Ratio: 17.21 Price/Book Ratio: 2.61 Price/Cash Flow Ratio: 10.29 Turnover Ratio: 147.00% # Stock Holdings: 1,028 # Bond Holdings: 568 # Other Holdings: 526 Total # of Holdings: 2,122

© 2024 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Investment options are subject to investment risk. Shares or unit values will fluctuate and investments, when redeemed, may be worth more or less than their original cost. Portfolio holdings are subject to change and companies referenced in this report may not currently be held. Information is current as of the creation of this piece. Keep in mind that portfolio holdings are subject to risk. Click here for a complete list of the most recent publicly available holdings. Insurance products and plan administrative services, if applicable, are provided by Principal Life Insurance Company. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities are offered through Principal Securities, Inc., 800-547-7754, member SIPC and/or independent broker/dealers. Securities sold by a Principal Securities Registered Representative are offered through Principal Securities. Principal Funds Distributor, Principal Securities and Principal Life are members of the Principal Financial Group®, Des Moines, IA 50392. Certain investment options may not be available in all states or U.S. commonwealths. The full name of this investment option is Principal Funds, Inc. - Principal Global Multi-Strategy Inst Fund. Investors should carefully consider a mutual fund's investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting principal.com, or calling 1-800-547-7754. Read the prospectus carefully before investing. Not FDIC Insured May Lose Value - Not a Deposit - No Bank Guarantee Not Insured by any Federal Government Agency

Fees and expenses are only one of several factors that participants and beneficiaries should consider when making investment decisions.  The cumulative effect of fees and expenses can substantially reduce the growth of a participant's or beneficiary's retirement account.  Participants and beneficiaries can visit the Employee Benefit Security Administration's website for an example demonstrating the long-term effect of fees and expenses.

HFRX Global Hedge Fund Index is designed to be representative of the overall composition of the hedge fund universe. It is comprised of all eligible hedge fund strategies; including but not limited to convertible arbitrage, distressed securities, equity hedge, equity market neutral, event driven, macro, merger arbitrage, and relative value arbitrage. The risks associated with derivative investments include that the underlying security, interest rate, market index, or other financial asset will not move in the direction the Investment Adviser and/or Sub-Advisor anticipated, the possibility that there may be no liquid secondary market, the risk that adverse price movements in an instrument can result in a loss substantially greater than a fund's initial investment, the possibility that the counterparty may fail to perform its obligations; and the inability to close out certain hedged positions to avoid adverse tax consequences. This fund utilizes alternative investment strategies such as arbitrage, leverage, derivatives, and shorting securities in addition to traditional investments. Investment risk may be magnified with the use of these alternative strategies. In addition, securities such as bonds, equities, commodities, international and emerging market securities, and currencies are used to implement the investment strategy. These investments are subject to risks associated with market and interest rate movements. The fund is considered non-diversified which may make it more susceptible to price volatility if the fund does not meet its objective. Due to the nature of the investment process, investors should not expect significant outperformance during market rallies. Additional risks are included in the funds prospectus. It is possible to lose money when investing in the fund.