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Investment Type: pif

Finisterre Unconstrained Emerging Markets Bond Inst Fund (PFUMX)

Quick Facts

Emerging Markets Bond

Investment Strategy

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The investment seeks to generate total returns from current income and capital appreciation. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in bonds and other fixed-income securities that are tied economically to an emerging market country, and in derivatives on such investments. It uses derivatives to enhance return and to hedge and manage investment risks. The fund is non-diversified.

Morningstar Style Box™

  as of 10/31/2018
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Investment Style
Stylebox Market Capitalization

Overall Morningstar Star Rating™

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Out of Funds

Star Rating Not Rated

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

Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed, may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.

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 11/30/2018
1 Month3 MonthYTD1 Year3 Year5 Year10 YearSince     
Total Return % -0.15 -1.22 -1.87 -1.41 --- --- --- 4.41
Finisterre Unconstrained Emerging Markets Bond Blended Index % 0.74 0.83 -5.03 -4.06 --- --- --- ---
Emerging Markets Bond Category % -0.24 -0.14 -5.88 -5.21 3.97 2.60 8.47 ---
Morningstar Percentile Rankings** --- --- --- 10 --- --- --- ---
# of Funds in Category 320 314 296 289 225 170 50 ---
**Morningstar percentile rankings are based on total returns.


  as of 11/30/2018
Total Investment Expense - Gross: 1.28%
Total Investment Expense - Net: 1.12%
Waiver Date: 02/28/2019
Contractual Cap Date: 02/28/2019
Total Investment Expense Gross Per $1,000 Invested: $12.80

Inv Manager or Sub-Advisor

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Finisterre Capital LLP

Portfolio Managers

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Damien Buchet , CFA
Since 07/11/2016
B.A./B.S. , EDHEC school of Business Administration

Arthur Duchon-Doris
Since 07/11/2016
M.S. , EDHEC Business School

Christopher Watson , CFA
Since 07/11/2016
M.B.A. , IMD Lansanne

© 2018 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.

Returns shown for periods of less than one year are not annualized.

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 Finisterre Unconstrained Emer Mkts Bd 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, 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.

Principal Funds Class P shares automatically converted to Institutional Class shares effective close of business June 23, 2017.