# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0001752724-25-150721
**Filing Date:** 2025-6
**Character Count:** 23022
**Document Hash:** 52f7b089815bf79cf3d54d1f3e1e2f2c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-150721.hdr.sgml**: 20250623

**ACCESSION NUMBER**: 0001752724-25-150721

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250623

**DATE AS OF CHANGE**: 20250623

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRINCIPAL FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000898745

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07572
- **FILM NUMBER:** 251063768

**BUSINESS ADDRESS:**
- **STREET 1:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392
- **BUSINESS PHONE:** 515-235-9328

**MAIL ADDRESS:**
- **STREET 1:** PRINCIPAL FINANCIAL GROUP
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL FUNDS, INC
- **DATE OF NAME CHANGE:** 20211220

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL FUNDS INC
- **DATE OF NAME CHANGE:** 20080616

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL INVESTORS FUND INC
- **DATE OF NAME CHANGE:** 20001012

## Series and Classes Contracts Data

### International Equity Fund (formerly, International Fund I) (Series ID: S000007083)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000019372 | R-3                 | PRPPX           |
| C000019373 | R-5                 | PTPPX           |
| C000019376 | Institutional Class | PINIX           |
| C000175484 | R-6                 | PIIDX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Principal Funds, Inc

- **b. Investment Company Act file number:** 811-07572

- **c. CIK number of Registrant:** 0000898745

- **d. LEI of Registrant:** 549300HZGBXSW6DSXF23

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 801 Grand Ave

  - **City:** Des Moines

  - **State:** IA

  - **Foreign country:** US

  - **Zip / Postal Code:** 50309

  - **Telephone number:** 515-235-1719

**Item A.2. Information about the Series.**

- **a. Name of Series:** International Equity Fund

- **b. EDGAR series identifier (if any):** S000007083

- **c. LEI of Series:** 549300O1DA1JNC6UVF17

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $5460918556.04

**Total Liabilities:** $7329486.20

**Net Assets:** $5453589069.84

**Cash Not Reported:** $16334.67

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000175484 | 4.18%                | -1.24%               | 1.70%                |
| Class ID C000019372 | 4.10%                | -1.24%               | 1.63%                |
| Class ID C000019373 | 4.17%                | -1.24%               | 1.69%                |
| Class ID C000019376 | 4.17%                | -1.24%               | 1.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3150232.63             | $-2114933.34                               |
| Month 2  | $-8134959.28             | $-78625193.64                              |
| Month 3  | $-15675313.97            | $82955126.21                               |

### Schedule of Portfolio Investments

| Name                                               | Title                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AIB Group PLC                                      | AIB Group PLC                                      | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | EC               | CORP              | IE        |  24347366 | NS      | $163639989.29 | 3.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Gazprom PJSC                                       | Gazprom PJSC                                       | CUSIP: N/A<br>LEI: 213800FD9J2IHTA7YX78       | Long             | EC               | CORP              | RU        |    288000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Daimler Truck Holding AG                           | Daimler Truck Holding AG                           | CUSIP: N/A<br>LEI: 529900PW78JIYOUBSR24       | Long             | EC               | CORP              | DE        |   2291220 | NS      | $92053128.06  | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Zai Lab Ltd                                        | Zai Lab Ltd                                        | CUSIP: 98887Q104<br>LEI: 549300P2UYQ9U5LY1T58 | Long             | EC               | CORP              | CN        |    397817 | NS      | $12606820.73  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandfire Resources Ltd                             | Sandfire Resources Ltd                             | CUSIP: N/A<br>LEI: 213800ZW52P23FVH1V47       | Long             | EC               | CORP              | AU        |   5712322 | NS      | $36381098.09  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                  | NatWest Group PLC                                  | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |  14892793 | NS      | $95794264.83  | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| CRH PLC                                            | CRH PLC                                            | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | US        |   1175298 | NS      | $111477077.95 | 2.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                         | Samsung Electronics Co Ltd                         | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |   3206497 | NS      | $125109620.31 | 2.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd          | Taiwan Semiconductor Manufacturing Co Ltd          | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    875275 | NS      | $145899589.75 | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                    | AstraZeneca PLC                                    | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |   1141111 | NS      | $163482451.48 | 3.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Yum China Holdings Inc                             | Yum China Holdings Inc                             | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | CN        |   3219367 | NS      | $139430784.77 | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                            | CRH PLC                                            | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | US        |    290760 | NS      | $27744319.20  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software Inc/Canada - Warrants       | Constellation Software Inc/Canada - Warrants       | CUSIP: N/A<br>LEI: 549300B6PYHMCTDWQV29       | Long             | EC               | CORP              | CA        |       500 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Toyota Industries Corp                             | Toyota Industries Corp                             | CUSIP: N/A<br>LEI: 35380000WKGEAHEMW830       | Long             | EC               | CORP              | JP        |    627500 | NS      | $73589996.02  | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Nemetschek SE                                      | Nemetschek SE                                      | CUSIP: N/A<br>LEI: 529900R0S2IX1S358J38       | Long             | EC               | CORP              | DE        |    354621 | NS      | $47123694.66  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Smith & Nephew PLC                                 | Smith & Nephew PLC                                 | CUSIP: N/A<br>LEI: 213800ZTMDN8S67S1H61       | Long             | EC               | CORP              | GB        |   8412722 | NS      | $118388096.49 | 2.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC                            | Sberbank of Russia PJSC                            | CUSIP: 80585Y308<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |    194243 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Entain PLC                                         | Entain PLC                                         | CUSIP: N/A<br>LEI: 213800GNI3K45LQR8L28       | Long             | EC               | CORP              | GB        |   7621288 | NS      | $65153379.08  | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnit PJSC                                        | Magnit PJSC                                        | CUSIP: N/A<br>LEI: 2534009KKPTVL99W2Y12       | Long             | EC               | CORP              | RU        |     24200 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                                         | Haleon PLC                                         | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |  14672026 | NS      | $73827356.48  | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                                    | ASML Holding NV                                    | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |    209907 | NS      | $140520461.62 | 2.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                                       | Unilever PLC                                       | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |   3775178 | NS      | $240364022.59 | 4.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Erste Group Bank AG                                | Erste Group Bank AG                                | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |   2440966 | NS      | $165306106.57 | 3.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Technip Energies NV                                | Technip Energies NV                                | CUSIP: N/A<br>LEI: 724500FLODI49NSCIP70       | Long             | EC               | CORP              | FR        |   1735499 | NS      | $59222341.84  | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Dollarama Inc                                      | Dollarama Inc                                      | CUSIP: N/A<br>LEI: 5493002GJ0NJP1HI0C79       | Long             | EC               | CORP              | CA        |   1452222 | NS      | $179183927.32 | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Sompo Holdings Inc                                 | Sompo Holdings Inc                                 | CUSIP: N/A<br>LEI: 353800CWW4SRGEYEB512       | Long             | EC               | CORP              | JP        |   4772800 | NS      | $156409962.16 | 2.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp                                  | Toyota Motor Corp                                  | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |   5874600 | NS      | $112201448.97 | 2.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsonite Group SA                                 | Samsonite Group SA                                 | CUSIP: N/A<br>LEI: 549300UULS5HYFJSEL12       | Long             | EC               | CORP              | US        |  21715800 | NS      | $38909065.41  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.com Inc                                         | JD.com Inc                                         | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | CN        |   8127000 | NS      | $132319164.31 | 2.43%             |  |  |  | No            |                  2 | On Loan: No      |
| PRADA SpA                                          | PRADA SpA                                          | CUSIP: N/A<br>LEI: 8156000FE0A2DC5B7852       | Long             | EC               | CORP              | IT        |  11631200 | NS      | $72623552.01  | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                               | Tencent Holdings Ltd                               | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | CN        |   2321500 | NS      | $142194090.66 | 2.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Liberty Media Corp-Liberty Formula One - C Shares  | Liberty Media Corp-Liberty Formula One - C Shares  | CUSIP: 531229755<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1454180 | NS      | $128942140.60 | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd                                 | Teck Resources Ltd                                 | CUSIP: N/A<br>LEI: T8KI5SQ2JRWHL7XY0E11       | Long             | EC               | CORP              | CA        |   2770006 | NS      | $94135195.92  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Hannover Rueck SE                                  | Hannover Rueck SE                                  | CUSIP: N/A<br>LEI: 529900KIN5BE45V5KB18       | Long             | EC               | CORP              | DE        |    496285 | NS      | $159307225.26 | 2.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                                   | Novo Nordisk A/S                                   | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |    668860 | NS      | $44721025.78  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit SpA                                      | UniCredit SpA                                      | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |   1727818 | NS      | $100525863.67 | 1.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Fujitsu Ltd                                        | Fujitsu Ltd                                        | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               | CORP              | JP        |   4709900 | NS      | $104632606.23 | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Airbus SE                                          | Airbus SE                                          | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | FR        |    861544 | NS      | $146195768.63 | 2.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                | Deutsche Telekom AG                                | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |   7631557 | NS      | $274106459.13 | 5.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncor Energy Inc                                  | Suncor Energy Inc                                  | CUSIP: N/A<br>LEI: 549300W70ZOQDVLCHY06       | Long             | EC               | CORP              | CA        |   4078616 | NS      | $144050350.38 | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                                      | AIA Group Ltd                                      | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |  22737200 | NS      | $170367937.50 | 3.12%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Greece SA                         | National Bank of Greece SA                         | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |   9620650 | NS      | $102108378.00 | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Evraz PLC                                          | Evraz PLC                                          | CUSIP: N/A<br>LEI: 5493005B7DAN39RXLK23       | Long             | EC               | CORP              | RU        |    204000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co Ltd                                    | Nintendo Co Ltd                                    | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |   2438800 | NS      | $202469194.86 | 3.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Zai Lab Ltd                                        | Zai Lab Ltd                                        | CUSIP: N/A<br>LEI: 549300P2UYQ9U5LY1T58       | Long             | EC               | CORP              | CN        |   1959400 | NS      | $6241476.99   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Weir Group PLC/The                                 | Weir Group PLC/The                                 | CUSIP: N/A<br>LEI: 549300KDR56WHY9I3D10       | Long             | EC               | CORP              | GB        |   3199171 | NS      | $96433820.25  | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Novatek PJSC                                       | Novatek PJSC                                       | CUSIP: N/A<br>LEI: 2138008R6GCRVBDFA581       | Long             | EC               | CORP              | RU        |     67000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                    | BAE Systems PLC                                    | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |   8909132 | NS      | $206536181.74 | 3.79%             |  |  |  | No            |                  2 | On Loan: No      |
| LUKOIL PJSC                                        | LUKOIL PJSC                                        | CUSIP: N/A<br>LEI: 549300LCJ1UJXHYBWI24       | Long             | EC               | CORP              | RU        |     20000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                             | AXA SA                                             | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |   1277768 | NS      | $60433148.74  | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                          | Sanofi SA                                          | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |   2165249 | NS      | $236860376.13 | 4.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd          | Taiwan Semiconductor Manufacturing Co Ltd          | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |    314000 | NS      | $8897049.98   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Principal Government Money Market Fund - Class R-6 | Principal Government Money Market Fund - Class R-6 | CUSIP: 74257B639<br>LEI: N/A                  | Long             | STIV             | RF                | US        | 214565757 | NS      | $214565757.27 | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-29

**Name of Applicant:** Principal Funds, Inc

**Signature:** Megan Hoffmann

**Name of Signer:** /s/ Megan Hoffmann

**Title:** Vice President and Controller