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Investment Type: pifretail

Opportunistic Municipal Fund (A) (PMOAX)

Portfolio Composition

  as of 02/29/2024
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Asset Type Net Short Long U.S. Bonds 97.16% 0.0%   97.16%   Non-U.S. Bonds 2.99% 0.0%   2.99%   Cash -0.15% 0.16%   0.0%   Total 100%

Top 10 Holdings   as of 02/29/2024    What's this? % of Net Assets ST JAMES PARISH LA REV 2.26 ONEIDA INDIAN NATION N Y TAX REV 2.14 CALIFORNIA EDL FACS AUTH REV 2.11 NAVAJO NATION ARIZ 1.77 TENDER OPT BD TR RCPTS / CTFS VAR STS 1.73 FLORIDA DEV FIN CORP SOLID WASTE DISP REV 1.69 BUCKEYE OHIO TOB SETTLEMENT FING AUTH 1.65 LOWER ALA GAS DIST GAS PROJ REV 1.65 PORT BEAUMONT TEX NAV DIST DOCK & WHARF FAC REV 1.58 ARKANSAS ST DEV FIN AUTH INDL DEV REV 1.51 Total*: 18.08 *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? Data Not Available
Credit Analysis   as of 02/29/2024    What's this? % Bonds AAA 4.18 AA 4.92 A 16.20 BBB 22.58 BB 12.14 B 3.34 Not Rated 36.65	Statistics   as of 02/29/2024 Average Eff Duration (yrs): 6.96 Average Eff Maturity (yrs): 15.68 Avg Weighted Coupon: Avg Weighted Price: $100.11 30-Day SEC Yield - Subsidized (Net) as of 03/31/2024: 3.87% 30-Day SEC Yield - Non-Subsidized (Gross) as of 03/31/2024: 3.83%
Analysis   as of 02/29/2024 Turnover Ratio: 41.40% # Stock Holdings: 0 # Bond Holdings: 141 # Other Holdings: 6 Total # of Holdings: 147

© 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. The full name of this investment option is Principal Opportunistic Municipal Fund (A). Investors should carefully consider a 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 principalfunds.com, or calling 800-222-5852. Read the prospectus carefully before investing. Principal Funds are distributed by Principal Funds Distributor, Inc. Not FDIC Insured May Lose Value - Not a Deposit - No Bank Guarantee Not Insured by any Federal Government Agency

The Bloomberg Municipal Index measures the performance of the Bloomberg Barclays U.S. Municipal bond, which covers the USD-denominated Long-Term tax exempt bond market with four main sectors: state and local general obligation bonds, revenue bonds, insured bonds and pre-refunded bonds. Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. A portion of the Fund's income may be subject to state and/or local taxes, and it may be subject to federal alternative minimum tax (AMT) for certain investors. 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.