# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0000898745-25-000877
**Filing Date:** 2025-12
**Character Count:** 43844
**Document Hash:** 9e9550b1724acf20fb5cc47a8558443f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000898745-25-000877.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0000898745-25-000877

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**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:** 251596296

**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

### SmallCap Fund (fka SmallCap Blend Fund) (Series ID: S000007214)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000019804 | R-3                 | PSBMX           |
| C000019805 | R-5                 | PSBPX           |
| C000019807 | Institutional Class | PSLIX           |
| C000019808 | Class J             | PSBJX           |
| C000019809 | Class A             | PLLAX           |
| C000175487 | R-6                 | PSMLX           |

## 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:** SmallCap Fund

- **b. EDGAR series identifier (if any):** S000007214

- **c. LEI of Series:** 5493008AXRXQLEL0TR95

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

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

- **b. Date as of which information is reported:** 2025-10-31

**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:** $2279589427.71

**Total Liabilities:** $15427503.89

**Net Assets:** $2264161923.82

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000175487 | 7.00%                | 0.61%                | 1.43%                |
| Class ID C000019805 | 6.96%                | 0.59%                | 1.42%                |
| Class ID C000019809 | 6.96%                | 0.60%                | 1.38%                |
| Class ID C000019804 | 6.96%                | 0.58%                | 1.39%                |
| Class ID C000019808 | 6.98%                | 0.60%                | 1.42%                |
| Class ID C000019807 | 6.97%                | 0.61%                | 1.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $19136449.72             | $122766344.29                              |
| Month 2  | $-7221487.30             | $19386685.34                               |
| Month 3  | $23109703.32             | $8470493.76                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Newmark Group Inc                                  | Newmark Group Inc                                  | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1141400 | NS      | $20351162.00  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Holdings Corp                        | National Bank Holdings Corp                        | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200700 | NS      | $7156962.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp                             | Louisiana-Pacific Corp                             | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |    110400 | NS      | $9616944.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries Inc                               | Dycom Industries Inc                               | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |    134300 | NS      | $38650197.00  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                                         | Stride Inc                                         | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |    216500 | NS      | $14730660.00  | 0.65%             |  |  |  | No            |                  1 | 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        |  52827104 | NS      | $52827104.08  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Inc                                         | Vertex Inc                                         | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |    437826 | NS      | $10026215.40  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co                           | American States Water Co                           | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |    258600 | NS      | $18440766.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp/MI                           | Independent Bank Corp/MI                           | CUSIP: 453838609<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    149000 | NS      | $4502780.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp                                        | SiTime Corp                                        | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    115100 | NS      | $33337564.00  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Structure Therapeutics Inc                         | Structure Therapeutics Inc                         | CUSIP: 86366E106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    402700 | NS      | $13417964.00  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                               | Commercial Metals Co                               | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |    478800 | NS      | $28421568.00  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust Inc                  | First Industrial Realty Trust Inc                  | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    433400 | NS      | $23958352.00  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Helix Energy Solutions Group Inc                   | Helix Energy Solutions Group Inc                   | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | EC               | CORP              | US        |   1928700 | NS      | $12960864.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries Inc                                 | ABM Industries Inc                                 | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |    442100 | NS      | $19010300.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands Inc                                | BellRing Brands Inc                                | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |    156800 | NS      | $4724384.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                                      | MYR Group Inc                                      | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |    134300 | NS      | $29237110.00  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                          | Janus Henderson Group PLC                          | CUSIP: G4474Y214<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | GB        |    279600 | NS      | $12179376.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Exact Sciences Corp                                | Exact Sciences Corp                                | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |    477400 | NS      | $30883006.00  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp                              | Lincoln National Corp                              | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |    707500 | NS      | $29715000.00  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                          | Taylor Morrison Home Corp                          | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |    507800 | NS      | $30097306.00  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                              | Stifel Financial Corp                              | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |    228400 | NS      | $27049412.00  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                                | Curtiss-Wright Corp                                | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |     41700 | NS      | $24841941.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                           | Fabrinet                                           | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | TH        |     39051 | NS      | $17204699.07  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp                             | Webster Financial Corp                             | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |    407322 | NS      | $23233646.88  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                                     | Ameris Bancorp                                     | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |    335100 | NS      | $23999862.00  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd                 | Credo Technology Group Holding Ltd                 | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    284095 | NS      | $53301903.90  | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corp                                           | PVH Corp                                           | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |    202500 | NS      | $15861825.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical Inc                       | Collegium Pharmaceutical Inc                       | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |    559000 | NS      | $20124000.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SailPoint Inc                                      | SailPoint Inc                                      | CUSIP: 78781J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    237400 | NS      | $5146832.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corp                                       | Visteon Corp                                       | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |    133400 | NS      | $14295144.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp                                           | AAR Corp                                           | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |    229800 | NS      | $19351458.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Axsome Therapeutics Inc                            | Axsome Therapeutics Inc                            | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |    168400 | NS      | $22732316.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co                            | Modine Manufacturing Co                            | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |    302900 | NS      | $46407309.00  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc                                         | Natera Inc                                         | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    144600 | NS      | $28765278.00  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                         | Southwest Gas Holdings Inc                         | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |    450600 | NS      | $35822700.00  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Stubhub Holdings Inc                               | Stubhub Holdings Inc                               | CUSIP: 86384P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    714500 | NS      | $13682675.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Pinnacle Financial Partners Inc                    | Pinnacle Financial Partners Inc                    | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |    199700 | NS      | $17016437.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Ladder Capital Corp                                | Ladder Capital Corp                                | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               | CORP              | US        |    677100 | NS      | $7156947.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Corp                    | Zurn Elkay Water Solutions Corp                    | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |    614600 | NS      | $28953806.00  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc                             | Cousins Properties Inc                             | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |    614900 | NS      | $15944357.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Holdings Inc                               | OneMain Holdings Inc                               | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |    246300 | NS      | $14578497.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Privia Health Group Inc                            | Privia Health Group Inc                            | CUSIP: 74276R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1020239 | NS      | $24791807.70  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Teekay Tankers Ltd                                 | Teekay Tankers Ltd                                 | CUSIP: G8726X106<br>LEI: 549300DE8ZAIYS2T6Q22 | Long             | EC               | CORP              | CA        |    317200 | NS      | $19349200.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Netskope Inc                                       | Netskope Inc                                       | CUSIP: 64119N608<br>LEI: 254900CS525VJG6KO570 | Long             | EC               | CORP              | US        |    562500 | NS      | $13297500.00  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients Inc                            | Darling Ingredients Inc                            | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |    410400 | NS      | $13153320.00  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp                                  | Chord Energy Corp                                  | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |    119600 | NS      | $10850112.00  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Immunocore Holdings PLC                            | Immunocore Holdings PLC                            | CUSIP: 45258D105<br>LEI: 213800IUE3DFS84BVN18 | Long             | EC               | CORP              | GB        |    215700 | NS      | $7137513.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                          | Axis Capital Holdings Ltd                          | CUSIP: G0692U109<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |     99800 | NS      | $9347268.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Via Transportation Inc                             | Via Transportation Inc                             | CUSIP: 92556W104<br>LEI: 5493008VI9XI9EV3A861 | Long             | EC               | CORP              | US        |    140200 | NS      | $7490886.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings Inc                   | BJ's Wholesale Club Holdings Inc                   | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |    215151 | NS      | $18989227.26  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Energy Infrastructure Inc                  | Solaris Energy Infrastructure Inc                  | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |    640700 | NS      | $34104461.00  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma Inc                               | Bridgebio Pharma Inc                               | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |    511400 | NS      | $32034096.00  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                           | Allegro MicroSystems Inc                           | CUSIP: 01749D105<br>LEI: 54930004TGPV6DR3LE12 | Long             | EC               | CORP              | US        |    691600 | NS      | $20692672.00  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO International Inc                            | WESCO International Inc                            | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |    138500 | NS      | $35944905.00  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Therapeutics Inc                            | Viking Therapeutics Inc                            | CUSIP: 92686J106<br>LEI: 529900IVC72YPFA25M37 | Long             | EC               | CORP              | US        |    249300 | NS      | $9493344.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                                 | Regal Rexnord Corp                                 | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     92400 | NS      | $13018236.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products Inc - Class A               | Mueller Water Products Inc - Class A               | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |   1094000 | NS      | $28072040.00  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp                                 | First Horizon Corp                                 | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |   1404300 | NS      | $29995848.00  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                                  | Agree Realty Corp                                  | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    440100 | NS      | $32131701.00  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferson Capital Inc                              | Jefferson Capital Inc                              | CUSIP: 47248R103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    360920 | NS      | $6814169.60   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                                        | Trex Co Inc                                        | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    468500 | NS      | $22637920.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                             | Boot Barn Holdings Inc                             | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     95700 | NS      | $18149505.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Denali Therapeutics Inc                            | Denali Therapeutics Inc                            | CUSIP: 24823R105<br>LEI: 549300ZTQ2HO18L3Q830 | Long             | EC               | CORP              | US        |    709600 | NS      | $11552288.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| LifeStance Health Group Inc                        | LifeStance Health Group Inc                        | CUSIP: 53228F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1387100 | NS      | $6796790.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Corp                               | Gulfport Energy Corp                               | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |    157000 | NS      | $29203570.00  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                                  | Hamilton Lane Inc                                  | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |    172500 | NS      | $19658100.00  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| AdaptHealth Corp                                   | AdaptHealth Corp                                   | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    767300 | NS      | $6898027.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp                                 | UMB Financial Corp                                 | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |    302100 | NS      | $32288448.00  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Castle Biosciences Inc                             | Castle Biosciences Inc                             | CUSIP: 14843C105<br>LEI: 2549007M2Q4HLR1XD252 | Long             | EC               | CORP              | US        |    858338 | NS      | $21887619.00  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Varonis Systems Inc                                | Varonis Systems Inc                                | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |    658600 | NS      | $23202478.00  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc                             | TKO Group Holdings Inc                             | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    109000 | NS      | $20535600.00  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co                          | Performance Food Group Co                          | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |    219118 | NS      | $21197475.32  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Iovance Biotherapeutics Inc                        | Iovance Biotherapeutics Inc                        | CUSIP: 462260100<br>LEI: 2549002L8WT2ACU5Q878 | Long             | EC               | CORP              | US        |   1527100 | NS      | $3008387.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund - Institutional Class  | BlackRock Liquidity FedFund - Institutional Class  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |    796593 | NS      | $796593.08    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group Inc                            | CNO Financial Group Inc                            | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |    521066 | NS      | $20853061.32  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                                | Eagle Materials Inc                                | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     47718 | NS      | $10131485.76  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Time Group Holdings Inc                       | Life Time Group Holdings Inc                       | CUSIP: 53190C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    905400 | NS      | $22390542.00  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp                                | Addus HomeCare Corp                                | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |    159100 | NS      | $18597199.00  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                                       | Entegris Inc                                       | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |    131940 | NS      | $12081745.80  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                                   | Cytokinetics Inc                                   | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |    435500 | NS      | $27693445.00  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| JFrog Ltd                                          | JFrog Ltd                                          | CUSIP: M6191J100<br>LEI: 2549002N8E00AY49G567 | Long             | EC               | CORP              | US        |    612900 | NS      | $29100492.00  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Immunome Inc                                       | Immunome Inc                                       | CUSIP: 45257U108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    562800 | NS      | $9044196.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp                            | Wintrust Financial Corp                            | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |    188100 | NS      | $24456762.00  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                         | Insmed Inc                                         | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |    283800 | NS      | $53808480.00  | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies Inc                               | SPX Technologies Inc                               | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |    136760 | NS      | $30619196.40  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Vital Farms Inc                                    | Vital Farms Inc                                    | CUSIP: 92847W103<br>LEI: 549300S6NYY7ER3XOT61 | Long             | EC               | CORP              | US        |    590300 | NS      | $19391355.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters Inc                      | American Eagle Outfitters Inc                      | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |    502900 | NS      | $8403459.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc                        | Sterling Infrastructure Inc                        | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |    114700 | NS      | $43345130.00  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings Inc                  | Clearwater Analytics Holdings Inc                  | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1029400 | NS      | $18951254.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| OR Royalties Inc                                   | OR Royalties Inc                                   | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |    181500 | NS      | $5804370.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilysys Inc                                       | Agilysys Inc                                       | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |    168500 | NS      | $21140010.00  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd                                   | Essent Group Ltd                                   | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | BM        |    271900 | NS      | $16468983.00  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| RadNet Inc                                         | RadNet Inc                                         | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |    392900 | NS      | $29856471.00  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                            | EnerSys                                            | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |    175907 | NS      | $22192427.12  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc                      | Rexford Industrial Realty Inc                      | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    296800 | NS      | $12263776.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries Inc                     | Advanced Energy Industries Inc                     | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |    195900 | NS      | $39714807.00  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT Inc                       | American Healthcare REIT Inc                       | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |    344600 | NS      | $15617272.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Sophia Genetics SA                                 | Sophia Genetics SA                                 | CUSIP: H82027105<br>LEI: 506700H1GPU9GGM8W895 | Long             | EC               | CORP              | CH        |    689000 | NS      | $3445000.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co                       | Graphic Packaging Holding Co                       | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    654400 | NS      | $10463856.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| FNB Corp/PA                                        | FNB Corp/PA                                        | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |   1560796 | NS      | $24535713.12  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bicycle Therapeutics PLC                           | Bicycle Therapeutics PLC                           | CUSIP: 088786108<br>LEI: 213800XKUI6R7GKC3E43 | Long             | EC               | CORP              | GB        |    572500 | NS      | $4620075.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp                             | Progress Software Corp                             | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |    280600 | NS      | $11964784.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| World Kinect Corp                                  | World Kinect Corp                                  | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |    362500 | NS      | $9370625.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard Inc                                         | Lazard Inc                                         | CUSIP: 52110M109<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | US        |    595400 | NS      | $29055520.00  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindblad Expeditions Holdings Inc                  | Lindblad Expeditions Holdings Inc                  | CUSIP: 535219109<br>LEI: 549300GSPW24GZE6R597 | Long             | EC               | CORP              | US        |    627000 | NS      | $7561620.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceTitan Inc                                   | ServiceTitan Inc                                   | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    193100 | NS      | $18220916.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corp                                       | Parsons Corp                                       | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |    281900 | NS      | $23437166.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                                     | TD SYNNEX Corp                                     | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |    147877 | NS      | $23141271.73  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group Inc                         | Huron Consulting Group Inc                         | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |    142900 | NS      | $23498476.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                                        | Popular Inc                                        | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |    279700 | NS      | $31178159.00  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson-UTI Energy Inc                           | Patterson-UTI Energy Inc                           | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |   3431830 | NS      | $21517574.10  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

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

**Signature:** Megan Hoffmann

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

**Title:** Vice President and Treasurer