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Investment Type: pif

Finisterre Unconstrained Emerging Markets Bond Inst Fund (PFUMX)







Quick Facts


PFUMX
07/11/2016
Emerging Markets Bond
$258.69

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 11/30/2019
   What's this?
Investment Style
Stylebox Market Capitalization

Overall Morningstar Star Rating™

  as of 12/31/2019
   What's this?

Out of 239 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.

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 12/31/2019
1 Month3 MonthYTD1 Year3 Year5 Year10 YearSince     
Inception*
Total Return % 2.46 3.34 14.75 14.75 7.89 --- --- 7.25
Finisterre Unconstrained Emerging Markets Bond Blended Index % 2.37 3.08 13.93 13.93 6.73 --- --- ---
Emerging Markets Bond Category % 2.20 2.66 12.59 12.59 5.75 5.12 5.78 ---
Morningstar Percentile Rankings** --- --- --- 23 4 --- --- ---
# of Funds in Category 291 291 286 286 239 179 52 ---
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 12/31/2019
Total Investment Expense - Gross: 1.01%
Total Investment Expense - Net: 0.85%
Contractual Cap Date: 02/28/2021

Statistics

 

30-Day SEC Yield - Subsidized (Net)
as of 12/31/2019:
4.08%
30-Day SEC Yield - Non-Subsidized (Gross)
as of 12/31/2019:
4.07%


Inv Manager or Sub-Advisor

   What's this?
Finisterre Capital LLP



Portfolio Managers

   What's this?
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
© 2020 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 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

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.