Company: PGZ
Filing Date: 2025-01-03
Form Type: N-CSR
Source: 0001398344-25-000145
Chunk: 7

Company: Principal Real Estate Income Fund
Filing Date: 2025-01-03
Form: N-CSR
Chunk 7
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 of principal) of a fixed-income investment to a change in interest rates.

Duration is expressed as a number of years. The duration number is a calculation involving present value, yield, coupon, final maturity and call features. The bigger the duration number, the greater the interest-rate risk or reward for bond prices. Rising interest rates mean falling bond prices, while declining interest rates mean rising bond prices.

S&P 500 ®Index – A large cap U.S. equities index that includes 500 leading companies and captures approximately 80% coverage of available market capitalization.

Bloomberg U.S. Aggregate Bond Index – A broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed rate taxable bond market, including Treasuries, government related and corporate securities, MBS (agency fixed-rate and hybrid ARM passthroughs), ABS, and CMBS.

Morningstar Developed Markets Index – An index that captures the performance of the stocks located in the developed countries across the world. Stocks in the index are weighted by their float capital, which removes corporate cross ownership, government holdings and other locked-in shares.

A bond rating is a grade given to bonds by private, independent ratings services that indicates their credit quality. Investment grade bonds range from AAA to BBB- and will usually see bond yields increase as ratings decrease.

Issuance information – JPMorgan

| Principal Real Estate Income Fund | Performance Overview |

October 31, 2024 (Unaudited)

PERFORMANCEas of October 31, 2024

| TOTAL RETURNS(1)                    | CUMULATIVE |        | AVERAGE ANNUAL |        |         |
| Fund                                | 6 Month    | 1 Year | 3 Year         | 5 Year | 10 Year |
| Net Asset Value (NAV)(2)            | 13.12%     | 36.35% | -2.27%         | -3.05% | 3.73%   |
| Market Price(3)                     | 15.44%     | 39.13% | -1.12%         | -3.74% | 3.54%   |
| Bloomberg U.S. Aggregate Bond Index | 5.31%      | 10.55% | -2.20%         | -0.23% | 1.49%   |
| Morningstar Developed Markets Index | 11.01%     | 33.73% | 6.18%