Principal Funds, Inc. Daily Net Asset Values Report - R3

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 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 mutual fund. Performance shown reflects the application of net expenses of the fund.

Not FDIC Insured
May Lose Value - Not a Deposit - No Bank Guarantee
Not Insured by any Federal Government Agency

14 of 14
Low Risk/Return
High Risk/Return
Inv Manager or Sub-Advisor / Investment Unit Value YTD % * 1 Mo 3 Mo 1 Yr 3 Yrs 5 Yrs 10 Yrs Since Inception Inception Date Net Gross Contrct. Cap /
Waiver Exp. Date
03/27/2024
Values
Average Annual Total Returns as of
02/29/2024
Total Investment Expense
Large Value
Principal Global Investors
Equity Income R3 Fund (PEIOX)   8
40.03 7.42 2.77 9.41 12.24 6.22 8.85 8.77 8.73 03/01/2010
05/31/1939
1.08 1.08 N/A
N/A
Westwood / Barrow Hanley
LargeCap Value III R3 Fund (PPSFX)   15
20.77 8.12 3.32 8.66 13.67 8.31 9.31 8.50 6.56 12/06/2000
12/06/2000
1.27 1.34 N/A
02/28/2025
Large Blend
Principal Global Investors
Capital Appreciation R3 Fund (PCAOX)   8, 11
74.24 11.76 5.73 13.37 31.69 12.41 14.92 12.27 12.39 03/01/2010
11/24/1986
1.01 1.01 N/A
N/A
Principal Global Investors
LargeCap S&P 500 Index R3 Fund (PLFMX)   2, 5, 21
25.79 10.26 5.26 11.74 29.42 11.07 13.91 11.87 7.12 12/06/2000
12/06/2000
0.67 0.67 N/A
N/A
Large Growth
Principal Global Investors
Blue Chip R3 Fund (PGBEX)   8
41.64 9.75 5.04 12.25 43.59 8.92 16.11 14.62 15.76 03/29/2016
06/14/2012
1.14 1.17 N/A
12/30/2024
T. Rowe Price/Brown Advisory
LargeCap Growth I R3 Fund (PPUMX)   15, 25
15.75 10.76 5.68 14.72 43.98 6.34 13.90 13.09 7.67 12/06/2000
12/06/2000
1.16 1.18 N/A
02/28/2025
Mid Cap Value
LA Capital Mgmt/Victory
MidCap Value I R3 Fund (PMPRX)   1, 8, 11, 15
17.52 9.02 4.50 10.00 10.41 8.86 10.65 8.20 9.12 06/01/2004
12/29/2003
1.19 1.21 N/A
02/28/2025
Mid Cap Blend
Principal Global Investors
MidCap S&P 400 Index R3 Fund (PMFMX)   1, 2, 7, 11, 21
24.79 9.30 5.83 12.97 12.24 5.89 9.60 8.63 8.55 12/06/2000
12/06/2000
0.73 0.73 N/A
N/A
Mid Cap Growth
Principal Global Investors
MidCap Growth R3 Fund (PFPPX)   1, 11
9.15 9.32 7.13 11.51 15.22 -4.38 10.12 9.26 5.22 12/06/2000
12/06/2000
1.24 1.24 N/A
N/A
Robert Baird/Eagle Asset Mgmt
MidCap Growth III R3 Fund (PPQMX)   1, 11, 15
10.42 6.98 6.35 13.81 17.05 1.73 10.54 9.15 5.75 12/06/2000
12/06/2000
1.37 1.39 N/A
02/28/2025
Small Value
Vaughan Nelson/H&W
SmallCap Value II R3 Fund (PJARX)   1, 11, 15
11.70 2.72 2.83 10.55 8.27 7.36 8.69 7.18 7.71 06/01/2004
06/01/2004
1.51 1.53 N/A
02/28/2025
Small Blend
Principal Global Investors
SmallCap R3 Fund (PSBMX)   1, 11
25.96 7.14 5.40 13.29 8.38 0.86 8.13 7.44 8.25 12/06/2000
12/06/2000
1.31 1.31 N/A
N/A
Principal Global Investors
SmallCap S&P 600 Index R3 Fund (PSSMX)   1, 2, 6, 11
27.15 1.72 3.32 11.76 5.82 1.51 6.92 7.72 8.80 12/06/2000
12/06/2000
0.73 0.73 N/A
N/A
Small Growth
AB/Brown/Emerald
SmallCap Growth I R3 Fund (PPNMX)   1, 11, 15
11.05 6.87 8.04 15.50 12.98 -4.48 7.34 8.01 6.62 12/06/2000
12/06/2000
1.44 1.46 02/28/2025
02/28/2025
Real Estate
Principal Real Estate Inv
Real Estate Securities R3 Fund (PRERX)   4, 25
26.10 -2.69 1.52 4.96 3.20 3.51 4.60 6.83 9.53 12/06/2000
12/06/2000
1.37 1.37 N/A
N/A
Diversified Emerging Mkts
Principal Global Investors
Global Emerging Markets R3 Fund (PEAPX)   3, 14
25.21 3.83 4.42 4.43 11.81 -5.99 2.67 2.30 6.70 12/06/2000
12/06/2000
1.65 1.65 N/A
N/A
Foreign Large Value
Causeway / Barrow Hanley
Overseas R3 Fd (PINTX)   3, 8, 15
10.71 1.61 0.59 2.70 9.71 5.88 6.96 3.40 5.12 03/01/2012
09/30/2008
1.48 1.50 N/A
02/28/2025
Foreign Large Blend
Origin Asset Management LLP
International I R3 Fund (PRPPX)   1, 3, 8
14.33 7.26 5.05 9.35 14.16 -1.04 5.71 4.21 5.00 06/01/2004
12/29/2003
1.40 1.40 N/A
N/A
Principal Global Investors
Diversified International R3 Fund (PINRX)   3
14.14 7.53 3.98 8.35 15.85 1.35 6.62 4.00 4.25 12/06/2000
12/06/2000
1.36 1.36 N/A
N/A
Principal Global Investors
International Equity Index R3 Fund (PIIOX)   2, 3, 19, 20, 21
11.52 5.98 2.77 7.66 13.95 3.73 6.02 3.58 4.52 12/30/2009
12/30/2009
0.90 0.90 N/A
N/A
Global Real Estate
Principal Real Estate Inv
Global Real Estate Securities R3 Fund (PGRKX)   3, 4
9.02 -2.38 -0.11 3.64 0.52 -2.40 0.05 3.22 2.55 03/01/2016
10/01/2007
1.45 1.45 N/A
N/A
Conservative Allocation
Multiple Sub-Advisors
SAM Flexible Income R3 Portfolio (PFIPX)   8, 9, 10, 13, 16, 18, 22
11.78 2.26 0.49 4.65 8.00 0.23 2.95 3.07 5.15 01/16/2007
07/25/1996
1.25 1.25 N/A
N/A
Moderately Conservative Alloc
Multiple Sub-Advisors
SAM Conservative Balanced R3 Portfolio (PCBPX)   8, 9, 13, 16, 18, 22
11.96 3.55 1.29 5.94 11.15 1.44 4.53 4.16 5.06 01/16/2007
07/25/1996
1.31 1.31 N/A
N/A
Moderate Allocation
Multiple Sub-Advisors
SAM Balanced R3 Portfolio (PBAPX)   8, 9, 13, 16, 18, 22
15.74 5.57 2.60 7.88 16.06 3.42 6.64 5.69 6.86 01/16/2007
07/25/1996
1.35 1.35 N/A
N/A
Moderately Aggressive Alloc
Multiple Sub-Advisors
SAM Conservative Growth R3 Portfolio (PCGPX)   8, 9, 13, 16, 18, 22
18.12 7.09 3.58 9.35 20.17 5.10 8.47 7.08 7.46 01/16/2007
07/25/1996
1.38 1.38 N/A
N/A
Aggressive Allocation
Multiple Sub-Advisors
SAM Strategic Growth R3 Portfolio (PSGPX)   8, 9, 10, 13, 16, 18, 22
20.96 8.15 4.30 10.39 22.99 6.13 10.02 7.94 8.02 01/16/2007
07/25/1996
1.41 1.41 N/A
N/A
Target-Date Retirement
Multiple Sub-Advisors
Principal LifeTime Strategic Income R3 Fund (PLSMX)   9, 13, 16, 18, 22, 24, 26, 27
11.10 2.68 0.92 4.85 9.27 0.14 3.36 2.99 3.69 03/01/2001
03/01/2001
1.08 1.08 N/A
N/A
Target-Date 2015
Multiple Sub-Advisors
Principal LifeTime 2015 R3 Fund (LTAPX)   9, 13, 16, 18, 22, 24, 26, 27
8.31 2.85 0.99 4.94 9.53 0.80 4.50 4.08 4.31 02/29/2008
02/29/2008
1.09 1.09 N/A
N/A
Target-Date 2020
Multiple Sub-Advisors
Principal LifeTime 2020 R3 Fund (PTBMX)   9, 13, 16, 18, 22, 24, 26, 27
12.27 3.28 1.26 5.47 10.66 1.31 5.21 4.67 5.12 03/01/2001
03/01/2001
1.10 1.10 N/A
N/A
Target-Date 2025
Multiple Sub-Advisors
Principal LifeTime 2025 R3 Fund (LTVPX)   9, 13, 16, 18, 22, 24, 26, 27
10.92 3.90 1.71 6.11 11.88 1.86 5.99 5.28 5.19 02/29/2008
02/29/2008
1.13 1.13 N/A
N/A
Target-Date 2030
Multiple Sub-Advisors
Principal LifeTime 2030 R3 Fund (PTCMX)   9, 13, 16, 18, 22, 24, 26, 27
14.01 4.40 2.16 7.04 13.45 2.29 6.68 5.75 5.62 03/01/2001
03/01/2001
1.14 1.14 N/A
N/A
Target-Date 2035
Multiple Sub-Advisors
Principal LifeTime 2035 R3 Fund (LTAOX)   9, 13, 16, 18, 22, 24, 26, 27
12.55 5.20 2.60 7.61 15.02 2.85 7.35 6.27 5.94 02/29/2008
02/29/2008
1.17 1.17 N/A
N/A
Target-Date 2040
Multiple Sub-Advisors
Principal LifeTime 2040 R3 Fund (PTDMX)   9, 13, 16, 18, 22, 24, 26, 27
15.85 6.09 3.28 8.58 17.14 3.62 8.08 6.74 6.11 03/01/2001
03/01/2001
1.19 1.19 N/A
N/A
Target-Date 2045
Multiple Sub-Advisors
Principal LifeTime 2045 R3 Fund (LTRVX)   9, 13, 16, 18, 22, 24, 26, 27
13.84 6.79 3.70 9.19 18.55 4.20 8.62 7.09 6.48 02/29/2008
02/29/2008
1.22 1.22 N/A
N/A
Target-Date 2050
Multiple Sub-Advisors
Principal LifeTime 2050 R3 Fund (PTERX)   9, 13, 16, 18, 22, 24, 26, 27
16.82 7.41 4.08 9.67 19.65 4.60 8.98 7.33 6.21 03/01/2001
03/01/2001
1.23 1.23 N/A
N/A
Target-Date 2055
Multiple Sub-Advisors
Principal LifeTime 2055 R3 Fund (LTFDX)   9, 13, 16, 18, 22, 24, 26, 27
15.50 7.34 4.01 9.63 19.63 4.71 9.10 7.44 6.70 02/29/2008
02/29/2008
1.24 1.24 N/A
N/A
Target-Date 2060
Multiple Sub-Advisors
Principal LifeTime 2060 R3 Fund (PLTCX)   9, 10, 13, 16, 18, 22, 24, 26, 27
16.91 7.37 4.00 9.65 19.60 4.79 9.22 7.49 8.69 03/01/2013
03/01/2013
1.24 1.24 N/A
N/A
Target-Date 2065+
Multiple Sub-Advisors
Principal LifeTime 2065 R3 Fund (PLJCX)   9, 10, 13, 16, 18, 22, 24, 26, 27
13.88 7.35 4.02 9.65 19.56 4.79 9.27 N/A 8.44 09/06/2017
09/06/2017
1.25 1.25 N/A
N/A
Multiple Sub-Advisors
Principal LifeTime 2070 R3 Fund (PLTDX)   9, 10, 13, 16, 18, 22, 24, 26, 27
12.15 7.24 4.06 9.69 N/A N/A N/A N/A 19.68 03/01/2023
03/01/2023
1.29 4.04 02/28/2025
N/A
Global Allocation
Multiple Sub-Advisors
Diversified Real Asset R3 Fund (PGDRX)   8, 17, 21
11.06 1.01 0.09 1.19 0.04 2.30 3.84 1.68 3.33 03/29/2016
03/16/2010
1.35 1.35 N/A
N/A
Short Term Bond
Principal Global Investors
Short-Term Income R3 Fund (PSIOX)   8, 12, 13, 21
11.86 0.87 -0.27 1.68 5.01 0.12 1.32 1.23 3.10 07/12/2010
11/01/1993
0.94 0.94 N/A
N/A
Intermediate Core Bond
Principal Global Investors
Bond Market Index R3 Fund (PBOIX)   2, 12, 13
8.24 -0.84 -1.45 1.93 2.68 -3.71 -0.14 0.62 1.42 12/30/2009
12/30/2009
0.71 0.73 N/A
12/30/2024
Principal Global Investors
Core Fixed Income R3 Fund (PIOOX)   8, 12, 13
8.54 -0.60 -1.40 2.28 2.98 -3.38 0.22 1.18 6.39 03/01/2010
12/15/1975
0.92 0.92 N/A
N/A
Intermediate Core-Plus Bond
Principal Global Investors
Core Plus Bond R3 Fund (PBMMX)   12, 13, 21
9.02 -0.74 -1.61 2.33 2.32 -3.86 0.34 1.04 2.93 12/06/2000
12/06/2000
1.00 1.00 N/A
N/A
Intermediate Government
Principal Global Investors
Government & High Quality Bond R3 Fund (PRCMX)   8, 12, 13
8.89 -1.19 -1.70 1.94 1.66 -4.17 -1.13 0.10 5.00 12/15/2008
05/04/1984
0.98 1.07 02/28/2025
N/A
Inflation-Protected Bond
BlackRock Financial Mgmt, Inc.
Inflation Protection R3 Fund (PIFPX)   12, 13, 21
7.25 0.00 -1.10 1.51 1.51 -1.55 1.76 1.10 1.08 12/29/2004
12/29/2004
0.96 0.96 N/A
N/A
Preferred Stock
Spectrum
Principal Spectrum Preferred and Capital Sec Income R3 Fund (PNARX)   8, 21, 23
8.98 3.65 0.37 5.14 4.92 -0.21 2.73 3.79 4.83 06/01/2004
05/01/2002
1.27 1.27 N/A
N/A

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 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 mutual fund. Performance shown reflects the application of net expenses of the fund.

Not FDIC Insured
May Lose Value - Not a Deposit - No Bank Guarantee
Not Insured by any Federal Government Agency

* Unannualized rate of return (change in value) since the start of the year.

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 mutual funds are part of the Principal Funds, Inc. series. 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.

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 800-547-7754. Read the prospectus carefully before investing.

Investment Types
Short-Term Fixed Income - This asset class is generally comprised of short-term, fixed-income investment options that are largely liquid and are designed to not lose much value. These investment options may include stable value, money market, short-term bond, and guaranteed interest accounts. They are considered to be among the least risky forms of investment options. However, they typically have a lower rate of return than equities or longer-term fixed income investment options over long periods of time. Depending on the objectives of the investment options, they may experience price fluctuations and may lose value.
Fixed Income - This asset class is generally comprised of investment options that invest in bonds, or debt of a company or government entity (including U.S. and Non- U.S.). It may also include real estate investment options that directly own property. These investment options typically carry more risk than short-term fixed income investment options (including, for real estate investment options, liquidity risk), but less overall risk than equities. All investment options in this category have the potential to lose value.
Balanced/Asset Allocation - This asset class is generally comprised of a combination of fixed income and equity investment options. These investment options may include balanced, asset allocation, target-date, and target-risk investment options. Although typically lower risk than investment options that invest solely in equities, all investment options in this category have the potential to lose value.
Large U.S. Equity - This asset class is generally comprised of investment options that invest in stocks, or shares of ownership in large, well-established, U.S. companies. These investment options typically carry more risk than fixed income investment options but have the potential for higher returns over longer time periods. They may be an appropriate choice for long-term investors who are seeking the potential for growth. All investment options in this category have the potential to lose value.
Small/Mid US Equity - This asset class is generally comprised of investment options that invest in stocks, or shares of ownership in small to medium-sized U.S. companies. These investment options typically carry more risk than larger U.S. equity investment options but have the potential for higher returns. They may be an appropriate choice for long-term investors who are seeking the potential for growth. All investment options in this category have the potential to lose value.
Global/International Equity - This asset class is comprised of investment options that invest in stocks, or shares of ownership in companies with their principal place of business or office outside the United States. These investment options often carry more risk than U.S. equity investment options but may have the potential for higher returns. They may be an appropriate choice for long-term investors who are seeking the potential for growth. All investment options in this category have the potential to lose value.

Footnotes:

  1. Small-cap and mid-cap investment options are subject to more fluctuation in value and may have additional risks than other investment options with stocks of larger, more stable companies.
  2. Each index based investment option is invested in the stocks or bonds of the index it tracks. Performance of indexes reflects the unmanaged results for the market segment the selected stocks or bonds represent. There is no assurance an index based investment option will match the performance of the index tracked.
  3. 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.
  4. Real Estate investment options are subject to investment and liquidity risk and other risks inherent in real estate such as those associated with general and local economic conditions. Property values can decline due to environmental and other reasons. In addition, fluctuation in interest rates can negatively impact the performance of real estate investment options.
  5. S&P 500 is a trademark of S&P Global and is used under license. The product is not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in the product.
  6. S&P 600 is a trademark of S&P Global and is used under license. The product is not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in the product.
  7. S&P 400 is a trademark of S&P Global and is used under license. The product is not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in the product.
  8. 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.
  9. 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.
  10. Asset allocation does not guarantee a profit or protect against a loss. Investing in real estate, small-cap, international, and high-yield investment options involves additional risks.
  11. Small-cap and mid-cap stocks may have additional risks, including greater price volatility.
  12. 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.
  13. Fixed-income and asset allocation investment options that invest in mortgage securities are subject to increased risk due to real estate exposure.
  14. Instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.
  15. The manager of the Fund, Principal Global Investors, invests between 10% and 40% of the Fund's assets in common stocks in an attempt to match or exceed the performance of the Fund's benchmark index for performance.
  16. 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.
  17. 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. or any other government entity. Concentrating investments in natural resources industries can be affected significantly by events relating to those industries, such as variations in the commodities markets, weather, disease, embargoes, international, political and economic developments, the success of exploration projects, tax and other government regulations and other factors. Investment in derivatives entails specific risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. REIT securities are subject to risk factors associated with the real estate industry and tax factors of REIT registration.
  18. 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.
  19. The International Equity Index investment option described herein is indexed to an MSCI index.
  20. The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The Principal International Equity Index Fund's Statement of Additional Information contains a more detailed description of the limited relationship MSCI has with Principal and any related funds.
  21. The risks associated with derivative investments include that the underlying security, interest rate, market index, or other financial asset will not move in the direction the Investment Adviser and/or Sub-Advisor anticipated, the possibility that there may be no liquid secondary market, the risk that adverse price movements in an instrument can result in a loss substantially greater than a fund's initial investment, the possibility that the counterparty may fail to perform its obligations; and the inability to close out certain hedged positions to avoid adverse tax consequences.
  22. International and global investing involves greater risks such as currency fluctuations, political/social instability and differing accounting standards.
  23. Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Risks of preferred securities differ from risks inherent in other investments. In particular, in a bankruptcy preferred securities are senior to common stock but subordinate to other corporate debt. Contingent capital securities (CoCos) may have substantially greater risk than other securities in times of financial stress. An issuer or regulators decision to write down, write off or convert a CoCo may result in complete loss on an investment.
  24. Additional target date portfolios may be added to the Principal LifeTime portfolios series to accommodate plan participants with later normal retirement dates as they enter the workforce. Participants may also choose a portfolio with a target date that does not match the intended retirement date. Compare the different portfolios to see how the mix of investments might shift.
  25. This investment option is considered non-diversified, which means it, or the underlying mutual fund, can invest a higher percentage of its assets in of fewer individual issuers than a diversified investment. As a result, changes in the value of a single investment could cause greater fluctuations, gain or loss, in the net asset value than would occur if it was more diversified.
  26. Selecting a target date fund series is also authorizing any additional vintage which is launched by the investment provider for the series, and included in their associated materials, to be added to the plan after proper notification.
  27. There is no guarantee that a target date investment will provide adequate income at or through retirement. A target date fund's (TDF) glidepath is typically set to align with a retirement age of 65, which maybe your plan's normal retirement date (NRD). If your plan's NRD/age is different, the plan may default you to a TDF based on the plans NRD/Age. Participants may choose a TDF that does not match the plan's intended retirement date but instead aligns more to their investment risk. Compare the different TDF's to see how the mix of investments shift based on the TDF glide path.