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Investment Type: pif

SAM Conservative Balanced R3 Portfolio (PCBPX)

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.

In situations where the net and gross total investment expense figures are different, the mutual fund or the underlying fund in which a Separate Account invests has waived/capped a portion of its management fees through the date displayed in the waiver expiration date or contractual cap expiration date column. Differences may also be shown due to the fund family choosing to pay certain expenses that would normally be payable by the fund. Returns displayed are based on net total investment expense.

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* Total Return % 1.82 3.59 3.59 11.45 1.58 4.63 4.35 5.11 SAM Conservative Balanced Blended Index % 1.85 3.06 3.06 10.86 2.03 5.44 5.28 --- Moderately Conservative Alloc Category % 2.03 3.24 3.24 10.10 1.76 4.65 4.30 --- Morningstar Percentile Rankings** --- --- --- 20 50 53 47 --- # of Funds in Category 470 470 470 460 441 409 297 ---

* Inception Date: 01/16/2007 ; Extended Performance Inception Date: 07/25/1996

**Morningstar percentile rankings are based on total returns.

Calendar Year Total Returns

2023 2022 2021 2020 2019 Total Return % 11.33 -14.95 8.88 8.77 15.26 SAM Conservative Balanced Blended Index % 12.71 -14.74 7.43 12.29 16.62 Moderately Conservative Alloc Category % + 10.43 -13.31 8.24 8.86 14.81 Morningstar Percentile Rankings**,+ 32 77 32 54 45 Morningstar Equity Stylebox Morningstar Fixed Income Stylebox # of Funds in Category+ 461 465 503 549 562

+ Data displayed is the most current information available.

**Morningstar percentile rankings are based on total returns.

Expenses   as of 03/31/2024 Total Investment Expense - Gross: 1.31% Total Investment Expense - Net: 1.31% 12b-1 Fee: 0.25% Total Investment Expense Gross Per $1,000 Invested: $13.10

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

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. Returns shown for periods of less than one year are not annualized. Insurance products and plan administrative services, if applicable, are provided by Principal Life Insurance Company. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities are offered through Principal Securities, Inc., 800-547-7754, member SIPC and/or independent broker/dealers. Securities sold by a Principal Securities Registered Representative are offered through Principal Securities. Principal Funds Distributor, Principal Securities and Principal Life are members of the Principal Financial Group®, Des Moines, IA 50392. Certain investment options may not be available in all states or U.S. commonwealths. The full name of this investment option is Principal Funds, Inc. - Principal SAM Conservative Balanced R3 Portfolio. Investors should carefully consider a mutual 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 principal.com, or calling 1-800-547-7754. Read the prospectus carefully before investing. Not FDIC Insured May Lose Value - Not a Deposit - No Bank Guarantee Not Insured by any Federal Government Agency

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.

SAM Conservative Balanced Blended Index is composed of 10% MSCI EAFE Index, 30% Russell 3000 Index and 60% Bloomberg US Aggregate Bond Index. International and global investing involves greater risks such as currency fluctuations, political/social instability and differing accounting standards. Equity investment options involve greater risk, including heightened volatility, than fixed-income investment options. Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Asset allocation and diversification do not ensure a profit or protect against a loss. Additionally there is no guarantee this investment option will provide adequate income at or through retirement. The Investment Advisor will display "Multiple Sub-Advisors" for certain target-date, target-risk and specialty investment options where the assets are directed by the Investment Manager to multiple underlying investment options. These underlying investment options may use multiple sub-advisors who are responsible for the day-to-day management responsibilities. 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.