Short-Term Income Inst Fund (PSHIX)

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.

Calendar Year Total Returns


	2024	2023	2022	2021	2020
Total Return %	5.11	5.99	-3.83	-0.63	4.01
Bloomberg Credit 1-3 Years Index %	5.11	5.28	-3.40	-0.17	3.69
Short Term Bond Category % ⁺	5.07	5.73	-5.22	0.05	3.81
Morningstar Percentile Rankings^**,+	42	38	22	67	44
Morningstar Fixed Income Stylebox		---
# of Funds in Category⁺	553	574	586	608	574

⁺ Data displayed is the most current information available.

**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

Distribution History

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$ Per Share

Income dividends are paid monthly.

Per share dividend not available.

Daily Unit Value/Share Price Chart

Sorry, data not supported on this investment option.

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Sub-advised Investment Options include Principal Funds, Inc. mutual funds. Principal Funds, Inc is distributed by Principal Funds Distributor, Inc.

See the Principal Funds, Inc. prospectus for the full name of each Fund.

Investment and Insurance products are:
* Not insured by the FDIC or Any Federal Government Agency
* Not a Deposit or Other Obligation of, or Guaranteed by Credit Union or Bank
* Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested

Principal® charges the investment provider an annual Principal® Platform Connectivity Program (Program) fee of $1,000 for those investment option(s) with this designation. This Program fee helps to pay for a number of expenses incurred in connection with maintaining and adding investments to its platform, including but not limited to, expenses for IT systems, IT employees and required legal and compliance services. The investment provider will pay the Program fee for these investment options.

Investing involves risk, including possible loss of principal.

Fees and expenses are only one of several factors that participants and beneficiaries should consider when making investment decisions. The cumulative effect of fees and expenses can substantially reduce the growth of a participant's or beneficiary's retirement account. Participants and beneficiaries can visit the Employee Benefit Security Administration's website for an example demonstrating the long-term effect of fees and expenses.

Several investment companies have decided to impose redemption fees and/or transfer restrictions on certain plan and/or participant transactions. One or more of the investment options in your employer's retirement plan may be impacted. For more information, log into your account and visit us at at principal.com.

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.

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.