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Investment Type: pif

MidCap Value I Inst Fund (PVMIX)

Quick Facts Ticker: PVMIX Inception Date: 12/29/2003 Morningstar Category: Mid Cap Value Total Net Assets (mil): $2,937.59	Investment Strategy    What's this? The investment seeks long-term growth of capital. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies with medium market capitalizations at the time of purchase. It invests in value equity securities, an investment strategy that emphasizes buying equity securities that appear to be undervalued.
Morningstar Style Box™   as of 08/31/2024    What's this?	Overall Morningstar Star Rating™   as of 09/30/2024    What's this? Out of 375 Mid Cap Value Funds Morningstar's Star Ratings reflect risk adjusted performance and are derived from a weighted average of the performance figures associated with its three, five, and ten-year (if applicable) time periods.

Total Returns

In situations where the net and gross fund expense figures are different, the investment manager has contractually agreed to limit the investment option's expense. Differences may also be shown due to the investment manager choosing to pay certain expenses that would normally be payable by the fund. The gross fund expense figure does not reflect any waivers or caps on the mutual fund. Performance shown reflects the application of net expenses of the fund.

In situations where the net and gross total investment expense figures are different, the mutual fund or the underlying fund in which a Separate Account invests has waived/capped a portion of its management fees through the date displayed in the waiver expiration date or contractual cap expiration date column. Differences may also be shown due to the fund family choosing to pay certain expenses that would normally be payable by the fund. Returns displayed are based on net total investment expense.

Month-End | Quarter-End

Average Annual Total Returns as of 09/30/2024

1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since      Inception* Total Return % 1.35 9.04 15.11 27.19 9.25 12.15 9.45 9.94 Russell Midcap Value Index % 1.88 10.08 15.08 29.01 7.39 10.33 8.93 --- Mid Cap Value Category % 1.24 8.98 13.06 25.80 8.50 10.97 8.62 --- Morningstar Percentile Rankings** --- --- --- 38 38 29 28 --- # of Funds in Category 401 401 397 393 375 362 282 ---

* Inception Date: 12/29/2003

**Morningstar percentile rankings are based on total returns.

Expenses   as of 09/30/2024 Total Investment Expense - Gross: 0.75% Total Investment Expense - Net: 0.69% Waiver Date: 02/28/2025 Contractual Cap Date: 02/28/2025 Total Investment Expense Gross Per $1,000 Invested: $7.50

Inv Manager or Sub-Advisor

   What's this?

LA Capital Management

Victory Capital Management

Portfolio Managers

   What's this?

James W. Fennessey , CFA Since 06/02/2009 B.S. , Truman State University

Randy L. Welch Since 06/02/2009 M.B.A. , Drake University

See the Principal Funds, Inc. prospectus for the full name of each Fund. Returns shown for periods of less than one year are not annualized. All returns displayed here are after Total Investment Expense of the investment option. Investment and Insurance products are: * Not insured by the FDIC or Any Federal Government Agency * Not a Deposit or Other Obligation of, or Guaranteed by Credit Union or Bank * Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested Investment Options may charge a short-term trading or redemption fee to protect the interests of long-term Contractholders. Principal® charges the investment provider an annual Principal® Platform Connectivity Program (Program) fee of $1,000 for those investment option(s) with this designation. This Program fee helps to pay for a number of expenses incurred in connection with maintaining and adding investments to its platform, including but not limited to, expenses for IT systems, IT employees and required legal and compliance services. The investment provider will pay the Program fee for these investment options. Investing involves risk, including possible loss of principal. The Year-to-Date Change represents an unannualized rate of return (change in value) since the start of the year. All returns shown here are after the Total Investment Expense of the investment option. 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. 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. Contingent Deferred Sales Charge (CDSC) - A deferred sales charge, which is paid at the time of redemption and generally decreases with the amount of time that fund shares are held before sale, ultimately declining to 0%. It is referred to as a contingent sales charge because of such declining schedule. The CDSC is also commonly called a back-end load. Performance displayed reflects the application of these charges. Various mutual funds may have different types of fees disclosed in their prospectus, including sales loads (sales charge), exchange fees, account fees and purchase fees. The mutual funds made available by Principal Life Insurance Company for retirement plans through the Mutual Fund Network typically have many of these fees waived. Please review the Prospectus of the particular mutual fund, including the Statement of Additional Information, for a full understanding of the fees imposed by that mutual fund. Be sure to pay attention to the specific share class made available under the retirement plan because different share classes may have vastly different fee structures and schedules. As a Featured Partner Investment Option, the investment manager enters into an Agreement with Principal Life Insurance Company® and standardly pays an annual fee, which would range between $100,000 - $500,000. The features of the Agreement make certain services available to the investment manager, which may include but are not limited to, the use of the investment option by a plan sponsor in a RetireView® model and/or the availability of certain target date investments. The fee may also include applicable amounts under the Principal® Platform Connectivity Program. Small-cap and mid-cap investment options are subject to more fluctuation in value and may have additional risks than other investment options with stocks of larger, more stable companies. Small-cap and mid-cap stocks may have additional risks, including greater price volatility. The manager of the Fund, Principal Global Investors, invests between 10% and 40% of the Fund's assets in common stocks in an attempt to match or exceed the performance of the Fund's benchmark index for performance. Russell Midcap Value Index is a market-weighted total return index that measures the performance of companies within the Russell Midcap index having lower price-to-book ratios and lower forecasted growth values.