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Investment Type: pif

Global Sustainable Listed Infrastructure Inst Fund (PGSLX)







Portfolio Composition

  as of 03/31/2024
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Asset Distribution
Asset TypeNetShortLong
U.S. Stocks 51.78% 0.0%   51.78%  
Non-U.S. Stocks 44.29% 0.0%   44.29%  
Cash 3.52% 0.01%   3.54%  
U.S. Bonds 0.4% 0.0%   0.4%  
Total99.99%


Top 10 Holdings

  as of 03/31/2024
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% of Net Assets
NextEra Energy Inc 7.85
American Tower Corp 5.34
American Electric Power Co Inc 4.62
Williams Companies Inc 4.38
Crown Castle Inc 4.00
Principal Government Money Market R-6 3.89
PG&E Corp 3.84
Entergy Corp 3.81
Canadian National Railway Co 3.24
CMS Energy Corp 3.22
Total*: 44.18
*Values may exceed 100% if both long and short positions are included in the portfolio

View Full Portfolio Holdings

Morningstar Style Box™

  as of 03/31/2024
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Investment Style
Stylebox Market Capitalization

Stock Sector Breakdown

  as of 03/31/2024
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% of Net Assets
Cyclical 12.76
Real Estate 12.76
Defensive 52.76
Utilities 52.76
Sensitive 34.48
Comm Svcs 1.80
Energy 10.47
Industrials 22.21

Top 5 Countries

  as of 03/31/2024
% of Net Assets
United States 54.08
Canada 8.50
Spain 6.92
United Kingdom 6.05
Australia 5.73

Regional Exposure

  as of 03/31/2024
% of Net Assets
United States 53.90
Europe 17.40
Pacific Rim 13.45
Other 8.53
Latin America 5.71
Japan 1.01

Analysis

  as of 03/31/2024
Average Market Cap (mil): $21,019.39
Price/Earnings Ratio: 17.98
Price/Book Ratio: 2.02
Price/Cash Flow Ratio: 7.69
Turnover Ratio: 46.30%
35
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Morningstar
© 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 Sustainable Listed Infrastructure 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.

Risk is magnified in emerging markets, which may lack established legal, political, business, or social structures to support securities markets and/or may be subject to trading suspensions, government interventions, or other interference.

International and global investment options are subject to additional risk due to fluctuating exchange rates, foreign accounting and financial policies, and other economic and political environments.

Infrastructure companies may be subject to a variety of factors that may adversely affect their business, including high interest costs, high leverage, regulation costs, economic slowdown, surplus capacity, increased competition, lack of fuel availability, and energy conservation policies.

The Fund is non-diversified and may be more susceptible to price volatility if the Fund does not meet its objective.

Real Estate investment options are subject to investment and liquidity risk and other risks inherent in real estate such as those associated with general and local economic conditions. Property values can decline due to environmental and other reasons. In addition, fluctuation in interest rates can negatively impact the performance of real estate investment options.

Environmental, social and governance responsible investing (ESG) is qualitative and subjective by nature, and there is no guarantee that the criteria utilized, or judgment exercised, will reflect the beliefs or values of any one particular investor. Information regarding responsible practices is obtained through voluntary or third-party reporting, which may or may not be accurate or complete, and such information is used to evaluate a company's commitment to, or implementation of, responsible practices. Socially responsible norms differ by region. ESG, while a component of our investment analysis, is only one part of the overall assessment in our decision-making activities. ESG criteria may present additional advantages or risks and does not protect against market risks or volatility. You should not make any investment assumptions based solely on the information contained herein. There is no assurance that the socially responsible investing strategy and techniques employed will be successful.