Investment Performance for "Principal Funds, Inc. - R1" "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. For more performance information, including most recent month-end performance," "visit the employer site at www.principal.com, contact your representative of Principal, or call our Client Contact Center at 800-547-7754." "In situations where the net and gross total investment 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." "Performance shown is net of Total Investment Expense." ,,Rate of Return through 02/29/2024 Investment Advisor,InvestmentName,Unit Value $,YTD,Last Comp Mo,Last 3 Mos,1 Yr,3 Yr,5 Yr,10 Yr,Since Inception, Inception Date,Total Inv. Expense Net/Gross %,Waiver Expiration Date ,Large U.S. Equity ,Large Value "Principal Global Investors","Equity Income R1 Fund8",40.0200000,7.35,2.75,9.36,11.92,5.89,8.52,8.44,8.40,03/01/2010,1.39/1.39,- "Westwood / Barrow Hanley","LargeCap Value III R1 Fund8, 15",19.4100000,8.07,3.33,8.63,13.33,7.98,8.97,8.17,6.11,11/01/2004,1.58/1.65,02/28/2025 ,Large Blend "Principal Global Investors","Capital Appreciation R1 Fund8, 11",74.0600000,11.65,5.69,13.29,31.29,12.06,14.57,11.92,12.05,03/01/2010,1.32/1.32,- "Principal Global Investors","LargeCap S&P 500 Index R1 Fund2, 5, 8, 20",25.6400000,10.14,5.24,11.66,29.09,10.74,13.56,11.52,6.79,11/01/2004,0.98/0.98,- ,Large Growth "T. Rowe Price/Brown Advisory","LargeCap Growth I R1 Fund8, 15, 24",13.7400000,10.72,5.64,14.56,43.42,6.02,13.56,12.74,7.27,11/01/2004,1.47/1.49,02/28/2025 ,Small/Mid U.S. Equity ,Real Estate "Principal Real Estate Inv","Real Estate Securities R1 Fund4, 8, 24",26.5400000,-2.79,1.46,4.84,2.87,3.17,4.27,6.49,9.19,11/01/2004,1.68/1.68,- ,Mid Cap Value "LA Capital Mgmt/Victory","MidCap Value I R1 Fund1, 8, 11, 15",16.8300000,8.93,4.49,9.94,10.08,8.53,10.30,7.86,8.78,11/01/2004,1.50/1.52,02/28/2025 ,Mid Cap Blend "Principal Global Investors","MidCap S&P 400 Index R1 Fund1, 2, 7, 8, 11, 20",23.8500000,9.20,5.88,12.92,11.95,5.57,9.26,8.29,8.21,11/01/2004,1.04/1.04,- ,Mid Cap Growth "Principal Global Investors","MidCap Growth R1 Fund1, 8, 11",7.0600000,9.12,7.08,11.54,14.85,-4.66,9.80,8.92,4.89,11/01/2004,1.55/1.55,- "Robert Baird/Eagle Asset Mgmt","MidCap Growth III R1 Fund1, 8, 11, 15",7.8000000,7.00,6.26,13.68,16.64,1.40,10.19,8.81,5.43,11/01/2004,1.68/1.70,02/28/2025 ,Small Value "Vaughan Nelson/H&W","SmallCap Value II R1 Fund1, 8, 11, 15",10.5900000,2.62,2.83,10.59,7.97,7.06,8.37,6.85,7.38,11/01/2004,1.82/1.84,02/28/2025 ,Small Blend "Principal Global Investors","SmallCap R1 Fund1, 8, 11",23.7400000,6.99,5.40,13.12,7.94,0.53,7.78,7.10,7.91,11/01/2004,1.62/1.62,- "Principal Global Investors","SmallCap S&P 600 Index R1 Fund1, 2, 6, 8, 11",25.7700000,1.66,3.33,11.72,5.53,1.21,6.60,7.39,8.47,11/01/2004,1.04/1.04,- ,Small Growth "AB/Brown/Emerald","SmallCap Growth I R1 Fund1, 8, 11, 15",10.2000000,6.69,8.06,15.50,12.78,-4.76,7.02,7.68,6.28,11/01/2004,1.75/1.77,02/28/2025 ,Global/International Equity ,Diversified Emerging Mkts "Principal Global Investors","Global Emerging Markets R1 Fund3, 8, 14",25.1500000,3.75,4.43,4.39,11.51,-6.27,2.36,1.99,6.36,11/01/2004,1.96/1.96,- ,Foreign Large Blend "Origin Asset Management LLP","International I R1 Fund1, 3, 8",14.2700000,7.13,5.06,9.35,13.90,-1.31,5.40,3.89,4.68,11/01/2004,1.71/1.71,- "Principal Global Investors","Diversified International R1 Fund3, 8",14.1500000,7.44,3.90,8.17,15.39,1.04,6.29,3.67,3.93,11/01/2004,1.67/1.67,- "Principal Global Investors","International Equity Index R1 Fund2, 3, 18, 19, 20",11.4300000,5.83,2.79,7.64,13.57,3.41,5.68,3.26,4.20,12/30/2009,1.21/1.21,- ,Balanced/Asset Allocation ,Target-Date 2060 "Multiple Sub-Advisors","Principal LifeTime 2060 R1 Fund9, 10, 13, 16, 17, 21, 23, 25, 26",16.6400000,7.29,3.99,9.59,19.21,4.47,8.88,7.17,8.33,03/01/2013,1.55/1.55,- ,Conservative Allocation "Multiple Sub-Advisors","SAM Flexible Income R1 Portfolio8, 9, 10, 13, 16, 17, 21",11.7300000,2.13,0.38,4.50,7.62,-0.10,2.62,2.75,4.87,01/16/2007,1.56/1.56,- ,Aggressive Allocation "Multiple Sub-Advisors","SAM Strategic Growth R1 Portfolio8, 9, 10, 13, 16, 17, 21",21.2800000,8.08,4.23,10.24,22.56,5.79,9.61,7.58,7.73,01/16/2007,1.72/1.72,- ,Target-Date 2065+ "Multiple Sub-Advisors","Principal LifeTime 2065 R1 Fund9, 10, 13, 16, 17, 21, 23, 25, 26",13.7700000,7.24,3.97,9.54,19.14,4.47,8.96,,8.12,09/06/2017,1.56/1.56,- "Multiple Sub-Advisors","Principal LifeTime 2070 R1 Fund9, 10, 13, 16, 17, 21, 23, 25, 26",12.1100000,7.17,3.98,9.63,,,,,19.27,03/01/2023,1.60/4.76,- ,Moderately Conservative Alloc "Multiple Sub-Advisors","SAM Conservative Balanced R1 Portfolio8, 9, 13, 16, 17, 21",11.9300000,3.47,1.30,5.78,10.82,1.09,4.21,3.83,4.79,01/16/2007,1.62/1.62,- ,Moderate Allocation "Multiple Sub-Advisors","SAM Balanced R1 Portfolio8, 9, 13, 16, 17, 21",15.7500000,5.49,2.60,7.81,15.75,3.11,6.34,5.39,6.58,01/16/2007,1.66/1.66,- ,Target-Date 2015 "Multiple Sub-Advisors","Principal LifeTime 2015 R1 Fund9, 13, 16, 17, 21, 23, 25, 26",8.3100000,2.72,0.99,4.88,9.20,0.47,4.16,3.76,3.99,02/29/2008,1.40/1.40,- ,Target-Date 2020 "Multiple Sub-Advisors","Principal LifeTime 2020 R1 Fund8, 9, 13, 16, 17, 21, 23, 25, 26",12.3600000,3.26,1.25,5.41,10.29,1.00,4.88,4.34,4.79,11/01/2004,1.41/1.41,- ,Target-Date 2025 "Multiple Sub-Advisors","Principal LifeTime 2025 R1 Fund9, 13, 16, 17, 21, 23, 25, 26",10.9100000,3.81,1.71,6.07,11.53,1.55,5.67,4.95,4.88,02/29/2008,1.44/1.44,- ,Target-Date 2030 "Multiple Sub-Advisors","Principal LifeTime 2030 R1 Fund8, 9, 13, 16, 17, 21, 23, 25, 26",13.9600000,4.33,2.02,6.91,13.07,1.94,6.33,5.42,5.28,11/01/2004,1.45/1.45,- ,Target-Date 2035 "Multiple Sub-Advisors","Principal LifeTime 2035 R1 Fund9, 13, 16, 17, 21, 23, 25, 26",12.5100000,5.13,2.52,7.59,14.73,2.53,7.02,5.94,5.62,02/29/2008,1.48/1.48,- ,Target-Date 2040 "Multiple Sub-Advisors","Principal LifeTime 2040 R1 Fund8, 9, 13, 16, 17, 21, 23, 25, 26",15.9700000,6.04,3.25,8.54,16.80,3.31,7.74,6.41,5.77,11/01/2004,1.50/1.50,- ,Target-Date 2045 "Multiple Sub-Advisors","Principal LifeTime 2045 R1 Fund9, 13, 16, 17, 21, 23, 25, 26",13.7600000,6.67,3.64,9.12,18.15,3.86,8.28,6.75,6.15,02/29/2008,1.53/1.53,- ,Target-Date 2055 "Multiple Sub-Advisors","Principal LifeTime 2055 R1 Fund9, 13, 16, 17, 21, 23, 25, 26",15.3800000,7.33,3.97,9.61,19.28,4.39,8.77,7.11,6.37,02/29/2008,1.55/1.55,- ,Target-Date Retirement "Multiple Sub-Advisors","Principal LifeTime Strategic Income R1 Fund8, 9, 13, 16, 17, 21, 23, 25, 26",11.2500000,2.65,0.91,4.76,8.90,-0.16,3.05,2.67,3.37,11/01/2004,1.39/1.39,- ,Moderately Aggressive Alloc "Multiple Sub-Advisors","SAM Conservative Growth R1 Portfolio8, 9, 13, 16, 17, 21",18.1700000,7.01,3.57,9.30,19.81,4.77,8.13,6.75,7.17,01/16/2007,1.69/1.69,- ,Target-Date 2050 "Multiple Sub-Advisors","Principal LifeTime 2050 R1 Fund8, 9, 13, 16, 17, 21, 23, 25, 26",16.8900000,7.31,4.00,9.62,19.25,4.25,8.64,7.00,5.87,11/01/2004,1.54/1.54,- ,Short-Term Fixed Income ,Short Term Bond "Principal Global Investors","Short-Term Income R1 Fund8, 12, 13, 20",11.8500000,0.80,-0.29,1.60,4.69,-0.19,0.99,0.92,2.78,07/12/2010,1.25/1.25,- ,Fixed Income ,Preferred Stock "Spectrum","Principal Spectrum Preferred and Capital Sec Income R1 Fd8, 20, 22",8.9900000,3.57,0.35,5.17,4.37,-0.56,2.38,3.45,4.49,11/01/2004,1.58/1.58,- ,Intermediate Government "Principal Global Investors","Government & High Quality Bond R1 Fund8, 12, 13",8.8800000,-1.24,-1.72,1.87,1.24,-4.50,-1.48,-0.22,4.69,12/15/2008,1.29/1.38,- ,Intermediate Core-Plus Bond "Principal Global Investors","Core Plus Bond R1 Fund8, 12, 13, 20",9.0800000,-0.92,-1.62,2.13,1.98,-4.17,0.02,0.72,2.61,11/01/2004,1.31/1.31,- ,Inflation-Protected Bond "BlackRock Financial Mgmt, Inc.","Inflation Protection R1 Fund12, 13, 20",7.0600000,-0.14,-1.13,1.42,1.13,-1.85,1.42,0.79,0.77,12/29/2004,1.27/1.27,- ,Intermediate Core Bond "Principal Global Investors","Bond Market Index R1 Fund2, 12, 13",8.2800000,-0.96,-1.56,1.88,2.37,-4.01,-0.46,0.31,1.11,12/30/2009,1.02/1.04,12/30/2024 "Principal Global Investors","Core Fixed Income R1 Fund8, 12, 13",8.5200000,-0.67,-1.42,2.21,2.55,-3.69,-0.09,0.87,6.06,03/01/2010,1.23/1.23,- "This information must be accompanied by performance results for 1, 5, and 10 year/since inception time periods as of the most recent calendar quarter end." 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." "(C) 2008 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." "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." "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. 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. " "18. The International Equity Index investment option described herein is indexed to an MSCI index. " "19. 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. " "20. 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. " "21. International and global investing involves greater risks such as currency fluctuations, political/social instability and differing accounting standards. " "22. 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. " "23. 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. " "24. 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. " "25. 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. " "26. 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. "