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Investment Type: pifretail

Finisterre Unconstrained Emerging Markets Bond Fund (A) (PFUEX)






Class A | Class I

Quick Facts


PFUEX
07/11/2016
Emerging Markets Bond
$229.53

Investment Strategy

   What's this?
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 08/31/2019
   What's this?
Investment Style
Stylebox Market Capitalization

Overall Morningstar Star Rating™

  as of 09/30/2019
   What's this?

Out of 252 Emerging Markets Bond Funds

StarRating

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.

Where gross and net expense ratios differ, the investment adviser has contractually agreed to limit the investment option's expenses. Differences also may be due to the investment adviser's decision to pay (through the same dates) certain expenses that would normally be payable by the fund.


Month-End | Quarter-End
Average Annual Total Returns as of 09/30/2019
1 Month3 MonthYTD1 Year3 Year5 Year10 YearSince     
Inception*
Excluding Sales Charge % 0.61 1.96 10.81 8.99 6.12 --- --- 6.37
Including Sales Charge % -3.13 -1.87 6.69 4.88 4.79 --- --- 5.12
Finisterre Unconstrained Emerging Markets Bond Blended Index % 0.38 0.80 10.52 10.82 4.30 --- --- ---
Emerging Markets Bond Category % 0.36 0.00 9.44 8.52 3.72 3.61 5.73 ---
Morningstar Percentile Rankings** --- --- --- 50 4 --- --- ---
# of Funds in Category 309 309 305 296 252 194 49 ---
07/11/2016
**Morningstar percentile rankings are based on total returns and do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.


Expenses

  as of 09/30/2019
Total Investment Expense - Gross: 3.91%
Total Investment Expense - Net: 1.20%
Contractual Cap Date: 02/28/2021
Maximum Up-front Sales Charge: 3.75%
Contingent Deferred Sales Charge: 1.00%
12b-1 Fee: 0.25%




Inv Manager or Sub-Advisor

   What's this?
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






Morningstar
2019 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.

The full name of this investment option is Principal Finisterre Unconstrained Emer Mkts Bond 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

These calculated returns reflect the historical performance of the oldest share class of the fund, adjusted to reflect a portion of the fees and expenses of this share class. For time periods prior to inception date of the fund, predecessor performance is reflected. Please see the fund's prospectus for more information on specific expenses, and the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class.

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.

Fixed-income and asset allocation investment options that invest in mortgage securities are subject to increased risk due to real estate exposure.

Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Neither the principal of bond investment options nor their yields are guaranteed by the U.S. government.