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Investment Type: pif

Principal Spectrum Preferred and Capital Sec Income Inst Fd (PPSIX)

Quick Facts Ticker: PPSIX Inception Date: 05/01/2002 Morningstar Category: Preferred Stock Total Net Assets (mil): $5,545.93	Investment Strategy    What's this? The investment seeks to provide current income. The fund invests at least 80% of its net assets, plus any borrowing for investment purposes, in preferred securities and capital securities. Preferred securities typically include preferred stock and various types of junior subordinated debt and trust preferred securities. It also invests up to 55% of its assets in below-investment-grade preferred securities and bonds (sometimes called "high yield bonds" or "junk bonds"), which are rated at the time of purchase Ba1 or lower by Moody's and BB+ or lower by S&P Global.
Morningstar Style Box™   as of 03/31/2025    What's this?	Overall Morningstar Star Rating™   as of 04/30/2025    What's this? Out of 66 Preferred Stock 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

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.

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.

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 fund. Performance when shown reflects the application of net expenses of the fund.

Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted. For more performance information, including the most recent month-end performance, visit principal.com.

Insurance products and plan administrative services provided through Principal Life Insurance Company®. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., member SIPC and/or independent broker-dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392. Certain investment options and contract[PB1] riders may not be available in all states or U.S. commonwealths.

Month-End | Quarter-End

Average Annual Total Returns as of 04/30/2025

1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since      Inception* Total Return % -0.65 -0.17 0.68 7.54 4.48 3.99 3.98 5.44 ICE BofA U.S. All Capital Securities Index % -0.99 -1.06 -0.42 6.61 4.25 3.46 4.11 --- Preferred Stock Category % -0.91 -1.63 -1.00 6.23 3.71 4.22 3.57 --- Morningstar Percentile Rankings** --- --- --- 35 29 58 35 --- # of Funds in Category 72 71 71 69 66 56 38 ---

* Inception Date: 05/01/2002

**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 04/30/2025 Total Investment Expense - Gross: 0.80% Total Investment Expense - Net: 0.80%

Statistics   30-Day SEC Yield - Subsidized (Net) as of 03/31/2025: 5.11% 30-Day SEC Yield - Non-Subsidized (Gross) as of 03/31/2025: 5.11%

Inv Manager or Sub-Advisor

   What's this?

Spectrum

Portfolio Managers

   What's this?

L. Phillip Jacoby Since 05/01/2002 BSBA , Boston University

Mark Lieb Since 07/01/2009 M.B.A. , University of Hartford

Fernando Diaz Since 12/31/2010

Roberto Giangregorio Since 12/31/2010 M.B.A. , Cornell University

Manu Krishnan , CFA Since 12/31/2010 M.B.A. , Cornell University

Kevin Nugent Since 12/01/2014 B.A. , Ohio Wesleyan University

Satomi Yarnell Since 08/02/2021

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