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Investment Type: pifretail

Equity Income Fund (A) (PQIAX)

Quick Facts Ticker: PQIAX Inception Date: 05/31/1939 Morningstar Category: Large Value Total Net Assets (mil): $8,159.91	Investment Strategy    What's this? The investment seeks to provide current income and long-term growth of income and capital. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in dividend-paying equity securities. The managers define dividend-paying equity securities as securities that produced dividend income within the last rolling 12 months. It usually invests in equity securities of companies with large and medium market capitalizations.
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 1089 Large Value 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.

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.

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.

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* Excluding Sales Charge % -3.02 -7.17 -2.48 8.35 6.95 11.84 8.62 8.82 Including Sales Charge % -8.35 -12.27 -7.85 2.40 4.95 10.58 8.00 8.75 Russell 1000 Value Index % -3.05 -5.36 -0.98 8.55 7.61 13.00 8.36 --- Large Value Category % -3.12 -5.41 -1.69 7.57 7.72 13.36 8.45 --- Morningstar Percentile Rankings** --- --- --- 41 67 78 45 --- # of Funds in Category 1175 1174 1172 1151 1089 1027 814 ---

* Inception Date: 05/31/1939

**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: 0.85% Total Investment Expense - Net: 0.85% Maximum Up-front Sales Charge: 5.50% Contingent Deferred Sales Charge: 1.00% 12b-1 Fee: 0.25%

Inv Manager or Sub-Advisor

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Principal Global Investors

Portfolio Managers

   What's this?

Daniel R. Coleman Since 05/19/2010 M.B.A. , New York University

Nedret Vidinli , CFA Since 03/01/2017 M.B.A. , Benedictine University

Sarah E. Radecki , CFA Since 01/05/2021 M.A. , University of California-Santa Barbara

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