Request URL: https://www.principal.com/InvestmentProfiles/performance.faces
Investment Type: pifretail

High Yield Fund (C) (CCHIX)

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 % 1.18 1.42 1.42 9.19 2.02 3.52 3.51 6.19 Including Sales Charge % 0.18 0.42 0.42 8.19 2.02 3.52 3.51 6.19 Bloomberg US High Yld 2% Issuer Capped Index % 1.18 1.47 1.47 11.15 2.19 4.19 4.44 --- High Yield Bond Category % 1.13 1.67 1.67 10.40 2.07 3.76 3.60 --- Morningstar Percentile Rankings** --- --- --- 78 49 57 64 --- # of Funds in Category 678 678 678 666 606 575 432 ---

* Inception Date: 03/01/2002 ; Extended Performance Inception Date: 04/08/1998

**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 % 11.46 -9.44 4.70 5.22 12.64 Including Sales Charge % 10.46 -10.30 3.70 4.22 11.64 Bloomberg US High Yld 2% Issuer Capped Index % 13.44 -11.18 5.26 7.05 14.32 High Yield Bond Category % + 12.08 -10.09 4.77 4.91 12.62 Morningstar Percentile Rankings**,+ 69 30 50 52 61 Morningstar Fixed Income Stylebox # of Funds in Category+ 670 682 678 676 711

+ 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: 1.75% Total Investment Expense - Net: 1.75% Contingent Deferred Sales Charge: 1.00% 12b-1 Fee: 1.00%

Distribution History    What's this? $ Per Share Income dividends are paid monthly. Per share dividend not available.

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 High Yield Fund (C). 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

The Bloomberg US High Yld 2% Issuer Capped Index measures the performance of USD-denominated, non-investment grade, fixed-rate, taxable corporate bonds. It follows the same rules as the uncapped index but limits the exposure of each issuer to 2% of the total market value and redistributes any excess market value index-wide on a pro-rata basis. 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. High yield investment options are subject to greater credit risk and volatility that is associated with high yield bonds. 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.