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Investment Type: pifretail

Global Emerging Markets Fund (J) (PIEJX)

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 03/31/2024

1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since      Inception* Excluding Sales Charge % 2.90 4.21 4.21 11.80 -4.53 3.26 2.75 6.84 Including Sales Charge % 1.90 3.21 3.21 10.80 -4.53 3.26 2.75 6.84 MSCI Emerging Markets NR Index % 2.48 2.37 2.37 8.15 -5.05 2.22 2.95 --- Diversified Emerging Mkts Category % 2.01 2.70 2.70 10.31 -3.83 3.23 2.96 --- Morningstar Percentile Rankings** --- --- --- 38 53 43 54 --- # of Funds in Category 836 835 835 817 721 657 425 ---

* Inception Date: 03/01/2001 ; Extended Performance Inception Date: 12/06/2000

**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.

Calendar Year Total Returns

2023 2022 2021 2020 2019 Excluding Sales Charge % 12.73 -22.78 0.65 19.48 17.44 Including Sales Charge % 11.73 -23.55 -0.28 18.48 16.44 MSCI Emerging Markets NR Index % 9.83 -20.09 -2.54 18.31 18.44 Diversified Emerging Mkts Category % + 12.32 -20.86 0.38 17.90 19.25 Morningstar Percentile Rankings**,+ 39 66 44 35 64 Morningstar Equity Stylebox # of Funds in Category+ 816 816 791 796 835

+ Data displayed is the most current information available.

**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 03/31/2024 Total Investment Expense - Gross: 1.58% Total Investment Expense - Net: 1.30% Contractual Cap Date: 02/28/2025 Contingent Deferred Sales Charge: 1.00% 12b-1 Fee: 0.15%

Distribution History    What's this? $ Per Share Income dividends are paid annual.

Daily Unit Value/Share Price Chart

© 2024 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 Global Emerging Markets Fund (J). 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

MSCI Emerging Markets NR Index measures the performance of the large and mid cap segments of emerging market equity securities. It is free float-adjusted market-capitalization weighted. Instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time. 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.