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Investment Type: pif

Inflation Protection Inst Fund (PIPIX)

Total Returns

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.

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 10/31/2024

1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since      Inception* Total Return % -1.87 0.25 2.87 8.29 -1.73 1.89 1.86 1.77 Bloomberg US Treasury Tips Index % -1.79 0.46 2.97 8.61 -1.54 2.20 2.26 --- Inflation-Protected Bond Category % -1.65 0.41 3.06 7.92 -1.54 1.66 1.82 --- Morningstar Percentile Rankings** --- --- --- 67 53 68 64 --- # of Funds in Category 154 153 149 149 139 132 96 ---

* Inception Date: 12/29/2004

**Morningstar percentile rankings are based on total returns.

Calendar Year Total Returns

2023 2022 2021 2020 2019 Total Return % 3.49 -12.08 5.35 10.59 8.05 Bloomberg US Treasury Tips Index % 3.90 -11.85 5.96 10.99 8.43 Inflation-Protected Bond Category % + 2.82 -8.98 5.61 10.01 7.92 Morningstar Percentile Rankings**,+ 66 63 61 45 50 Morningstar Fixed Income Stylebox # of Funds in Category+ 214 211 209 207 221

+ Data displayed is the most current information available.

**Morningstar percentile rankings are based on total returns.

Expenses   as of 10/31/2024 Total Investment Expense - Gross: 0.40% Total Investment Expense - Net: 0.40% Total Investment Expense Gross Per $1,000 Invested: $4.00

Distribution History    What's this? $ Per Share 12/27/2023 Income 0.2788 12/28/2022 Income 0.4882 Income dividends are paid annual.

Daily Unit Value/Share Price Chart

See the Principal Funds, Inc. prospectus for the full name of each Fund. 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. 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 Investment Options may charge a short-term trading or redemption fee to protect the interests of long-term Contractholders. 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. 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. 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. Contingent Deferred Sales Charge (CDSC) - A deferred sales charge, which is paid at the time of redemption and generally decreases with the amount of time that fund shares are held before sale, ultimately declining to 0%. It is referred to as a contingent sales charge because of such declining schedule. The CDSC is also commonly called a back-end load. Performance displayed reflects the application of these charges. Various mutual funds may have different types of fees disclosed in their prospectus, including sales loads (sales charge), exchange fees, account fees and purchase fees. The mutual funds made available by Principal Life Insurance Company for retirement plans through the Mutual Fund Network typically have many of these fees waived. Please review the Prospectus of the particular mutual fund, including the Statement of Additional Information, for a full understanding of the fees imposed by that mutual fund. Be sure to pay attention to the specific share class made available under the retirement plan because different share classes may have vastly different fee structures and schedules. 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. 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. The Bloomberg US Treasury Tips Index measures the performance of rules-based, market value-weighted inflation-protected securities issued by the U.S. Treasury. It is a subset of the Global Inflation-Linked Index (Series-L).