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Investment Type: pif

Short-Term Income Inst Fund (PSHIX)

Quick Facts Ticker: PSHIX Inception Date: 07/25/1996 Extended Performance Inception Date: 11/01/1993 Morningstar Category: Short Term Bond Total Net Assets (mil): $3,280.37	Investment Strategy    What's this? The investment seeks as high a level of current income as is consistent with prudent investment management and stability of principal. The fund invests primarily in high quality short-term bonds and other fixed-income securities that, at the time of purchase, are rated BBB- or higher by S&P Global or Baa3 or higher by Moody's. It maintains an effective maturity of five years or less and an average portfolio duration that is within 30% of the duration of the Bloomberg Credit 1-3 Year Index.
Morningstar Style Box™   as of 02/28/2025    What's this?	Overall Morningstar Star Rating™   as of 03/31/2025    What's this? Out of 529 Short Term Bond 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 % 0.58 1.68 2.19 6.72 4.20 2.23 2.28 --- Bloomberg Credit 1-3 Years Index % --- --- --- --- --- --- --- --- Short Term Bond Category % --- --- --- --- --- --- --- --- Morningstar Percentile Rankings** --- --- --- --- --- --- --- --- # of Funds in Category --- --- --- --- --- --- --- ---

* Inception Date: 07/25/1996 ; Extended Performance Inception Date: 11/01/1993

**Morningstar percentile rankings are based on total returns.

Expenses   as of 04/30/2025 Total Investment Expense - Gross: 0.40% Total Investment Expense - Net: 0.40% Total Investment Expense Gross Per $1,000 Invested: $4.00

Statistics   30-Day SEC Yield - Subsidized (Net) as of 03/31/2025: 4.07% 30-Day SEC Yield - Non-Subsidized (Gross) as of 03/31/2025: 4.07%

Inv Manager or Sub-Advisor

   What's this?

Principal Global Investors

Portfolio Managers

   What's this?

Scott J. Peterson , CFA Since 01/01/2010 M.B.A. , New York University

Michael Goosay Since 08/07/2023

Jeff Callahan , CFA Since 03/31/2025 M.B.A. , University of Iowa

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