# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0000898745-26-000544
**Filing Date:** 2026-4
**Character Count:** 83125
**Document Hash:** 7bc060b83c921fdd0376435b563d5b71
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000898745-26-000544.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0000898745-26-000544

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**PERIOD START**: 20260831

**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:** 26891051

**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

### Capital Securities Fund (Series ID: S000041598)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000129138 | Class S      | PCSFX           |

## 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:** 711 High St

  - **City:** Des Moines

  - **State:** IA

  - **Foreign country:** US

  - **Zip / Postal Code:** 50392

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

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

- **a. Name of Series:** Capital Securities Fund

- **b. EDGAR series identifier (if any):** S000041598

- **c. LEI of Series:** 549300LDBWOXFENXBB36

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $976212520.12

**Total Liabilities:** $20912365.72

**Net Assets:** $955300154.40

**Delayed Delivery Securities:** $2200000.00

**Cash Not Reported:** $300.66

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 41.11180000 | **1-Year:** 9503.55080000 | **5-Year:** 75415.46340000 | **10-Year:** 74656.60920000 | **30-Year:** 2144.66770000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 9.03850000 | **1-Year:** 2089.37140000 | **5-Year:** 16580.21450000 | **10-Year:** 16413.37920000 | **30-Year:** 471.50880000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000129138 | 0.89%                | 0.59%                | 0.80%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-170004.11              | $3184593.24                                |
| Month 2  | $692989.40               | $1113758.11                                |
| Month 3  | $744481.89               | $1988605.11                                |

**Designated Index Information**

- **Index Name:** Fund Securities Portfolio

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Societe Generale SA                                             | Societe Generale SA                                             | CUSIP: 83370RAD0<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   3600000 | PA      | $4004179.20   | 0.42%             | N/A             | Variable      | 8.50%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                    | UBS Group AG                                                    | CUSIP: 902613AJ7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   9000000 | PA      | $8962438.50   | 0.94%             | N/A             | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                   | Citigroup Inc                                                   | CUSIP: 172967PC9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3755492.21   | 0.39%             | N/A             | Variable      | 7.38%                 | No            |                  2 | On Loan: —       |
| Public Storage                                                  | Public Storage                                                  | CUSIP: 74460W396<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |      5800 | NS      | $95294.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander SA                                              | Banco Santander SA                                              | CUSIP: 05971KAP4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   3500000 | PA      | $3887159.50   | 0.41%             | N/A             | Variable      | 9.63%                 | No            |                  2 | On Loan: No      |
| PNC Capital Trust C                                             | PNC Capital Trust C                                             | CUSIP: 69349AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2955377.82   | 0.31%             | 2028-06-01      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                            | Royal Bank of Canada                                            | CUSIP: 780082AR4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  21094000 | PA      | $22270272.74  | 2.33%             | 2084-05-02      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Zurich Finance Ireland Designated Activity Co                   | Zurich Finance Ireland Designated Activity Co                   | CUSIP: N/A<br>LEI: 549300E0FVHYR37EGX65       | Long             | DBT              | CORP              | IE        |  11200000 | PA      | $10240192.70  | 1.07%             | 2051-04-19      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Inc/OH                                    | Huntington Bancshares Inc/OH                                    | CUSIP: 446150AT1<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   8010000 | PA      | $8208575.91   | 0.86%             | N/A             | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                                    | ING Groep NV                                                    | CUSIP: 456837BT9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   4000000 | PA      | $4157992.08   | 0.44%             | N/A             | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corp                                                   | M&T Bank Corp                                                   | CUSIP: 55261FAN4<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7905865.60   | 0.83%             | N/A             | Variable      | 3.50%                 | No            |                  2 | On Loan: —       |
| Nippon Life Insurance Co                                        | Nippon Life Insurance Co                                        | CUSIP: 654579AK7<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |  10500000 | PA      | $9457071.23   | 0.99%             | 2051-09-16      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| Public Storage                                                  | Public Storage                                                  | CUSIP: 74460W537<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     12718 | NS      | $213408.04    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Operating LLC                               | Enterprise Products Operating LLC                               | CUSIP: 29379VBR3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1303646.50   | 0.14%             | 2078-02-15      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Group Inc                                        | Liberty Mutual Group Inc                                        | CUSIP: 53079EAN4<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   6100000 | PA      | $7066405.13   | 0.74%             | 2087-03-07      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                              | Credit Agricole SA                                              | CUSIP: 225313AT2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   4300000 | PA      | $4523507.85   | 0.47%             | N/A             | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                  | BNP Paribas SA                                                  | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | DBT              | CORP              | FR        |   2000000 | PA      | $2113082.00   | 0.22%             | N/A             | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                               | NatWest Group PLC                                               | CUSIP: 639057AD0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |  18000000 | PA      | $16763266.80  | 1.75%             | N/A             | Variable      | 4.60%                 | No            |                  2 | On Loan: —       |
| Goldman Sachs Group Inc/The                                     | Goldman Sachs Group Inc/The                                     | CUSIP: 38141GA38<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1069065.00   | 0.11%             | N/A             | Variable      | 7.50%                 | No            |                  2 | On Loan: —       |
| EUSHI Finance Inc                                               | EUSHI Finance Inc                                               | CUSIP: 29882DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $527842.50    | 0.06%             | 2054-12-15      | Variable      | 7.63%                 | No            |                  2 | On Loan: No      |
| Voya Financial Inc                                              | Voya Financial Inc                                              | CUSIP: 929089AG5<br>LEI: 549300T065Z4KJ686G75 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1472101.40   | 0.15%             | N/A             | Variable      | 7.76%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                          | Standard Chartered PLC                                          | CUSIP: 853254DF4<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   2100000 | PA      | $2248869.00   | 0.24%             | N/A             | Variable      | 7.63%                 | No            |                  2 | On Loan: No      |
| Sempra                                                          | Sempra                                                          | CUSIP: 816851BU2<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1524702.00   | 0.16%             | 2055-04-01      | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                             | FX Forwards                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $0.07         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                               | Enterprise Products Operating LLC                               | CUSIP: 29379VBN2<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   7938000 | PA      | $7944350.40   | 0.83%             | 2077-08-16      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                                 | Nordea Bank Abp                                                 | CUSIP: 65558RAQ2<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   4000000 | PA      | $4132201.20   | 0.43%             | N/A             | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                             | NextEra Energy Capital Holdings Inc                             | CUSIP: 302570AW6<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   2291000 | PA      | $2073236.78   | 0.22%             | 2066-10-01      | Variable      | 5.99%                 | No            |                  2 | On Loan: —       |
| Standard Chartered PLC                                          | Standard Chartered PLC                                          | CUSIP: 853254AC4<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2111334.00   | 0.22%             | N/A             | Variable      | 7.01%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                          | Standard Chartered PLC                                          | CUSIP: 853254AB6<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   7100000 | PA      | $7495235.70   | 0.78%             | N/A             | Variable      | 7.01%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                | Deutsche Bank AG                                                | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | DBT              | CORP              | DE        |   7000000 | PA      | $7516530.00   | 0.79%             | N/A             | Variable      | 8.13%                 | No            |                  2 | On Loan: —       |
| Royal Bank of Canada                                            | Royal Bank of Canada                                            | CUSIP: 780082AY9<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   4800000 | PA      | $4796216.16   | 0.50%             | 2085-11-24      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                   | Citigroup Inc                                                   | CUSIP: 172967PK1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1550394.00   | 0.16%             | N/A             | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                  | BNP Paribas SA                                                  | CUSIP: 05565ALQ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   3500000 | PA      | $3293026.10   | 0.34%             | N/A             | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Entergy Corp                                                    | Entergy Corp                                                    | CUSIP: 29364GAS2<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    400000 | PA      | $403315.60    | 0.04%             | 2056-06-15      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| Assurant Inc                                                    | Assurant Inc                                                    | CUSIP: 04621X306<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EP               | CORP              | US        |     30926 | NS      | $634601.52    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC                                               | HSBC Holdings PLC                                               | CUSIP: 404280BL2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $3029481.36   | 0.32%             | N/A             | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                | Bank of Montreal                                                | CUSIP: 06368L5Q5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   2500000 | PA      | $2661872.50   | 0.28%             | 2084-11-26      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| Nomura Holdings Inc                                             | Nomura Holdings Inc                                             | CUSIP: 65535HCC1<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    600000 | PA      | $627868.80    | 0.07%             | N/A             | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                            | Royal Bank of Canada                                            | CUSIP: 780082AT0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   7000000 | PA      | $6933402.70   | 0.73%             | 2084-11-24      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co Inc                                  | American Electric Power Co Inc                                  | CUSIP: 025537AU5<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   4100000 | PA      | $4040357.18   | 0.42%             | 2062-02-15      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                               | HSBC Holdings PLC                                               | CUSIP: 404280FA2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1041516.30   | 0.11%             | N/A             | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| Zurich Finance Ireland Designated Activity Co                   | Zurich Finance Ireland Designated Activity Co                   | CUSIP: N/A<br>LEI: 549300E0FVHYR37EGX65       | Long             | DBT              | CORP              | IE        |   7200000 | PA      | $6584288.40   | 0.69%             | 2052-05-02      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                             | JPMorgan Chase & Co                                             | CUSIP: 48128BAQ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  10100000 | PA      | $10720554.10  | 1.12%             | N/A             | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Southern Co/The                                                 | Southern Co/The                                                 | CUSIP: 842587EB9<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2092438.00   | 0.22%             | 2055-03-15      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Huntington Capital II                                           | Huntington Capital II                                           | CUSIP: 446284AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2319609.89   | 0.24%             | 2028-06-15      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity FedFund - Institutional Class               | BlackRock Liquidity FedFund - Institutional Class               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   1722540 | NS      | $1722539.69   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp                                         | Wintrust Financial Corp                                         | CUSIP: 97650W702<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EP               | CORP              | US        |     95600 | NS      | $2552520.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc                                   | Rexford Industrial Realty Inc                                   | CUSIP: 76169C407<br>LEI: 549300MSLO0DF0EMX355 | Long             | EP               | CORP              | US        |     70860 | NS      | $1522072.80   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                                    | UBS Group AG                                                    | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | DBT              | CORP              | CH        |   2500000 | PA      | $2273932.75   | 0.24%             | N/A             | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                            | Bank of America Corp                                            | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  14500000 | PA      | $15180180.50  | 1.59%             | N/A             | Variable      | 6.63%                 | No            |                  2 | On Loan: —       |
| Energy Transfer LP                                              | Energy Transfer LP                                              | CUSIP: 29273VBH2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |  11335000 | PA      | $11585968.24  | 1.21%             | 2056-02-15      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Sumitomo Life Insurance Co                                      | Sumitomo Life Insurance Co                                      | CUSIP: 86564CAF7<br>LEI: 549300I5OQCDADQSPI57 | Long             | DBT              | CORP              | JP        |   4000000 | PA      | $4054944.00   | 0.42%             | 2055-09-10      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                    | UBS Group AG                                                    | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | DBT              | CORP              | CH        |   6000000 | PA      | $6083208.00   | 0.64%             | N/A             | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Dai-ichi Life Insurance Co Ltd/The                              | Dai-ichi Life Insurance Co Ltd/The                              | CUSIP: 23381LAA2<br>LEI: 3538001235ACEIORUV72 | Long             | DBT              | CORP              | JP        |   6000000 | PA      | $6253890.00   | 0.65%             | N/A             | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                      | US Bancorp                                                      | CUSIP: 902973BC9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |  29000000 | PA      | $28732930.30  | 3.01%             | N/A             | Variable      | 3.70%                 | No            |                  2 | On Loan: —       |
| EUSHI Finance Inc                                               | EUSHI Finance Inc                                               | CUSIP: 29882DAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1108155.40   | 0.12%             | 2056-04-01      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                | Bank of Montreal                                                | CUSIP: 06368L8V1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   4800000 | PA      | $4950820.80   | 0.52%             | 2085-11-26      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Regions Financial Corp                                          | Regions Financial Corp                                          | CUSIP: 7591EP860<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |    107520 | NS      | $2784768.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp                                               | State Street Corp                                               | CUSIP: 857477CM3<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |  10800000 | PA      | $11362431.60  | 1.19%             | N/A             | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| Cullen/Frost Bankers Inc                                        | Cullen/Frost Bankers Inc                                        | CUSIP: 229899307<br>LEI: 529900V2E9G9AY665O34 | Long             | EP               | CORP              | US        |     57739 | NS      | $1035260.27   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                                              | Energy Transfer LP                                              | CUSIP: 29273VBG4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2627133.60   | 0.28%             | 2056-02-15      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Meiji Yasuda Life Insurance Co                                  | Meiji Yasuda Life Insurance Co                                  | CUSIP: 585270AE1<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |   4650000 | PA      | $4817451.15   | 0.50%             | 2055-06-11      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| AltaGas Ltd                                                     | AltaGas Ltd                                                     | CUSIP: 021361AD2<br>LEI: 2549008X5V70MOS4HM10 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1567218.00   | 0.16%             | 2054-10-15      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                                    | ING Groep NV                                                    | CUSIP: 456837AR4<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1985000 | PA      | $1985911.15   | 0.21%             | N/A             | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                   | Citigroup Inc                                                   | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $11278520.00  | 1.18%             | N/A             | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co Inc                                  | American Electric Power Co Inc                                  | CUSIP: 02557TAE9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2713130.10   | 0.28%             | 2056-03-15      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                                    | Citizens Financial Group Inc                                    | CUSIP: 174610BD6<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4275789.28   | 0.45%             | N/A             | Variable      | 4.00%                 | No            |                  2 | On Loan: —       |
| HSBC Holdings PLC                                               | HSBC Holdings PLC                                               | CUSIP: 404280BP3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $510732.63    | 0.05%             | N/A             | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                              | Banco Santander SA                                              | CUSIP: 05964HBH7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   1000000 | PA      | $1103028.00   | 0.12%             | N/A             | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                   | Citigroup Inc                                                   | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2067562.28   | 0.22%             | N/A             | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| Meiji Yasuda Life Insurance Co                                  | Meiji Yasuda Life Insurance Co                                  | CUSIP: 585270AD3<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |   3600000 | PA      | $3670351.20   | 0.38%             | 2054-09-11      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial Inc                                        | Corebridge Financial Inc                                        | CUSIP: 21871XAU3<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   4270000 | PA      | $4379222.33   | 0.46%             | N/A             | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corp                                                   | M&T Bank Corp                                                   | CUSIP: 55261FAH7<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4003864.00   | 0.42%             | N/A             | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| CoBank ACB                                                      | CoBank ACB                                                      | CUSIP: 19075QAD4<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | USGSE             | US        |   2000000 | PA      | $1973044.60   | 0.21%             | N/A             | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| CoBank ACB                                                      | CoBank ACB                                                      | CUSIP: 19075QAE2<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | USGSE             | US        |   5000000 | PA      | $5050000.10   | 0.53%             | N/A             | Variable      | 6.45%                 | No            |                  2 | On Loan: —       |
| HSBC Holdings PLC                                               | HSBC Holdings PLC                                               | CUSIP: 404280DT3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   5000000 | PA      | $5273660.00   | 0.55%             | N/A             | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Group Inc                                        | Liberty Mutual Group Inc                                        | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   7300000 | PA      | $7245237.44   | 0.76%             | 2051-12-15      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Scentre Group Trust 2                                           | Scentre Group Trust 2                                           | CUSIP: 76025LAB0<br>LEI: 549300VRF0U0JH8TBJ74 | Long             | DBT              | CORP              | AU        |   4500000 | PA      | $4561686.00   | 0.48%             | 2080-09-24      | Variable      | 5.13%                 | No            |                  2 | On Loan: —       |
| Standard Chartered PLC                                          | Standard Chartered PLC                                          | CUSIP: 853254DA5<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1070012.00   | 0.11%             | N/A             | Variable      | 7.88%                 | No            |                  2 | On Loan: —       |
| MetLife Inc                                                     | MetLife Inc                                                     | CUSIP: 59156RBS6<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |  11372000 | PA      | $13550784.22  | 1.42%             | 2068-04-08      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia/The                                         | Bank of Nova Scotia/The                                         | CUSIP: 0641598N9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    760000 | PA      | $741251.71    | 0.08%             | 2081-10-27      | Variable      | 3.63%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank/The                                       | Toronto-Dominion Bank/The                                       | CUSIP: 89116CKP1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1045482.00   | 0.11%             | 2084-07-31      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Swiss RE Subordinated Finance PLC                               | Swiss RE Subordinated Finance PLC                               | CUSIP: 87088QAB0<br>LEI: 636700H29EH5Z8ZU8L04 | Long             | DBT              | CORP              | GB        |   4600000 | PA      | $4844236.91   | 0.51%             | 2046-04-01      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| Swedbank AB                                                     | Swedbank AB                                                     | CUSIP: N/A<br>LEI: M312WZV08Y7LYUC71685       | Long             | DBT              | CORP              | SE        |   3000000 | PA      | $3255000.00   | 0.34%             | N/A             | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| Prudential Financial Inc                                        | Prudential Financial Inc                                        | CUSIP: 744320BP6<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2107652.00   | 0.22%             | 2054-03-15      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Phillips 66 Co                                                  | Phillips 66 Co                                                  | CUSIP: 718547BA9<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5067910.00   | 0.53%             | 2056-03-15      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                             | Societe Generale SA                                             | CUSIP: F8600KAA4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    600000 | PA      | $662282.41    | 0.07%             | N/A             | Variable      | 10.00%                | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                     | Goldman Sachs Group Inc/The                                     | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1444000 | PA      | $1512139.47   | 0.16%             | N/A             | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| Algonquin Power & Utilities Corp                                | Algonquin Power & Utilities Corp                                | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $4958848.50   | 0.52%             | 2082-01-18      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp                                           | Truist Financial Corp                                           | CUSIP: 86787XAA3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3981305.56   | 0.42%             | 2027-05-15      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| Nippon Life Insurance Co                                        | Nippon Life Insurance Co                                        | CUSIP: J54675BE2<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |   1500000 | PA      | $1612092.00   | 0.17%             | 2055-04-30      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc/The                            | PNC Financial Services Group Inc/The                            | CUSIP: 693475BP9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  13500000 | PA      | $14000458.50  | 1.47%             | N/A             | Variable      | 6.25%                 | No            |                  2 | On Loan: —       |
| Transcanada Trust                                               | Transcanada Trust                                               | CUSIP: 89356BAG3<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |   7300000 | PA      | $7334828.30   | 0.77%             | 2082-03-07      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                    | UBS Group AG                                                    | CUSIP: 902613BR8<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   3900000 | PA      | $3923345.40   | 0.41%             | N/A             | Variable      | 6.60%                 | No            |                  2 | On Loan: —       |
| BNP Paribas SA                                                  | BNP Paribas SA                                                  | CUSIP: 05565A5R0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2000000 | PA      | $2137958.00   | 0.22%             | N/A             | Variable      | 8.50%                 | No            |                  2 | On Loan: No      |
| Affiliated Managers Group Inc                                   | Affiliated Managers Group Inc                                   | CUSIP: 008252835<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |      9119 | NS      | $142712.35    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                                    | UBS Group AG                                                    | CUSIP: 225401BH0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2000000 | PA      | $2043384.00   | 0.21%             | N/A             | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| MetLife Inc                                                     | MetLife Inc                                                     | CUSIP: 59156RCR7<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1985889.40   | 0.21%             | 2056-03-15      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| NiSource Inc                                                    | NiSource Inc                                                    | CUSIP: 65473PAR6<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6268980.00   | 0.66%             | 2054-11-30      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                     | Goldman Sachs Group Inc/The                                     | CUSIP: 38141GA79<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  21500000 | PA      | $22887825.00  | 2.40%             | N/A             | Variable      | 7.50%                 | No            |                  2 | On Loan: —       |
| American Electric Power Co Inc                                  | American Electric Power Co Inc                                  | CUSIP: 025537BA8<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2161338.00   | 0.23%             | 2054-12-15      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets PLC                                          | BP Capital Markets PLC                                          | CUSIP: 05565QDV7<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $2990046.60   | 0.31%             | N/A             | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| CoBank ACB                                                      | CoBank ACB                                                      | CUSIP: 19075QAC6<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $1001963.00   | 0.10%             | N/A             | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc/The                            | PNC Financial Services Group Inc/The                            | CUSIP: 693475BF1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2031530.00   | 0.21%             | N/A             | Variable      | 6.20%                 | No            |                  2 | On Loan: —       |
| Citizens Financial Group Inc                                    | Citizens Financial Group Inc                                    | CUSIP: 174610AQ8<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   3462000 | PA      | $3463585.60   | 0.36%             | N/A             | Variable      | 7.07%                 | No            |                  2 | On Loan: —       |
| Farm Credit Bank of Texas                                       | Farm Credit Bank of Texas                                       | CUSIP: 30767EAF6<br>LEI: V1EBJIOLRNYDHDF63Z33 | Long             | DBT              | USGSE             | US        |   6477000 | PA      | $6717731.82   | 0.70%             | N/A             | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                   | Citigroup Inc                                                   | CUSIP: 172967PM7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  11567000 | PA      | $12196626.51  | 1.28%             | N/A             | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                              | Canadian Imperial Bank of Commerce                              | CUSIP: 13607PNF7<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   5500000 | PA      | $5687429.00   | 0.60%             | 2085-01-28      | Variable      | 6.95%                 | No            |                  2 | On Loan: —       |
| Transcanada Trust                                               | Transcanada Trust                                               | CUSIP: 89356BAE8<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |  12500000 | PA      | $12635750.00  | 1.32%             | 2079-09-15      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Swiss RE Subordinated Finance PLC                               | Swiss RE Subordinated Finance PLC                               | CUSIP: 87088QAA2<br>LEI: 636700H29EH5Z8ZU8L04 | Long             | DBT              | CORP              | GB        |   1600000 | PA      | $1680035.92   | 0.18%             | 2035-04-05      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| TELUS Corp                                                      | TELUS Corp                                                      | CUSIP: 87971MCL5<br>LEI: 894500TX134IMF6NW757 | Long             | DBT              | CORP              | CA        |   1100000 | PA      | $1135879.80   | 0.12%             | 2055-10-15      | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| Alliant Energy Corp                                             | Alliant Energy Corp                                             | CUSIP: 018802AF5<br>LEI: 5493009ML300G373MZ12 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498384.40    | 0.05%             | 2056-04-01      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                             | Societe Generale SA                                             | CUSIP: 83371GAA9<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   7000000 | PA      | $7726628.14   | 0.81%             | N/A             | Variable      | 10.00%                | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp/The                                | Bank of New York Mellon Corp/The                                | CUSIP: 064058AS9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2199569.77   | 0.23%             | N/A             | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                            | Royal Bank of Canada                                            | CUSIP: 780082BA0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1550000 | PA      | $1548087.15   | 0.16%             | 2086-05-24      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia/The                                         | Bank of Nova Scotia/The                                         | CUSIP: 0641598X7<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   3675000 | PA      | $3854351.03   | 0.40%             | 2085-04-27      | Variable      | 7.35%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc/The                            | PNC Financial Services Group Inc/The                            | CUSIP: 693475BD6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   5600000 | PA      | $5646233.60   | 0.59%             | N/A             | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                   | Citigroup Inc                                                   | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5140430.00   | 0.54%             | N/A             | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co Inc                                  | American Electric Power Co Inc                                  | CUSIP: 025537AZ4<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2738585.20   | 0.29%             | 2054-12-15      | Variable      | 7.05%                 | No            |                  2 | On Loan: —       |
| Evergy Inc                                                      | Evergy Inc                                                      | CUSIP: 30034WAE6<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1029616.00   | 0.11%             | 2055-06-01      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                    | Barclays PLC                                                    | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1800000 | PA      | $2040692.40   | 0.21%             | N/A             | Variable      | 9.63%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                  | BNP Paribas SA                                                  | CUSIP: 05565AS20<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   5000000 | PA      | $5341280.00   | 0.56%             | N/A             | Variable      | 9.25%                 | No            |                  2 | On Loan: No      |
| KeyCorp Capital I                                               | KeyCorp Capital I                                               | CUSIP: 49326MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1473367.52   | 0.15%             | 2028-07-01      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                            | Bank of America Corp                                            | CUSIP: 06055HAB9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  10304000 | PA      | $10440898.94  | 1.09%             | N/A             | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                                    | Enbridge Inc                                                    | CUSIP: 29250NBP9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2197572.00   | 0.23%             | 2083-01-15      | Variable      | 7.63%                 | No            |                  2 | On Loan: —       |
| Principal Funds, Inc - Government Money Market Fund - Class R-6 | Principal Funds, Inc - Government Money Market Fund - Class R-6 | CUSIP: 74257B639<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  23766591 | NS      | $23766591.10  | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                                             | Dominion Energy Inc                                             | CUSIP: 25746UDM8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1144422.04   | 0.12%             | N/A             | Variable      | 4.35%                 | No            |                  2 | On Loan: —       |
| Canadian Imperial Bank of Commerce                              | Canadian Imperial Bank of Commerce                              | CUSIP: 13607P7Y4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   8800000 | PA      | $9123602.40   | 0.96%             | 2085-10-28      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial Inc                                        | Corebridge Financial Inc                                        | CUSIP: 21871XAP4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4087116.64   | 0.43%             | 2052-12-15      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                                    | ING Groep NV                                                    | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | DBT              | CORP              | NL        |   5000000 | PA      | $5356250.00   | 0.56%             | N/A             | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                | Duke Energy Corp                                                | CUSIP: 26441CBP9<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4893564.50   | 0.51%             | 2082-01-15      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial Inc                                        | Corebridge Financial Inc                                        | CUSIP: 21871XAT6<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1200357.60   | 0.13%             | 2054-09-15      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                | Wells Fargo & Co                                                | CUSIP: 95002YAA1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  10696000 | PA      | $11414268.49  | 1.19%             | N/A             | Variable      | 7.63%                 | No            |                  2 | On Loan: —       |
| Bank of Nova Scotia/The                                         | Bank of Nova Scotia/The                                         | CUSIP: 0641598V1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   6325000 | PA      | $6768053.60   | 0.71%             | 2084-01-27      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                             | Dominion Energy Inc                                             | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4671211.50   | 0.49%             | 2055-05-15      | Variable      | 6.63%                 | No            |                  2 | On Loan: —       |
| Prudential Financial Inc                                        | Prudential Financial Inc                                        | CUSIP: 744320BH4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7444090.64   | 0.78%             | 2050-10-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                | Wells Fargo & Co                                                | CUSIP: 95002YAC7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   9705000 | PA      | $10235358.84  | 1.07%             | N/A             | Variable      | 6.85%                 | No            |                  2 | On Loan: —       |
| Corebridge Financial Inc                                        | Corebridge Financial Inc                                        | CUSIP: 21871X208<br>LEI: 549300XY1661QCIA7J65 | Long             | EP               | CORP              | US        |    109872 | NS      | $2586386.88   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                                          | Equitable Holdings Inc                                          | CUSIP: 29452EAD3<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1668032.00   | 0.17%             | 2055-03-28      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                             | JPMorgan Chase & Co                                             | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  10500000 | PA      | $10998578.33  | 1.15%             | N/A             | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                                        | Electricite de France SA                                        | CUSIP: F2941JAA8<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |   6800000 | PA      | $8087811.20   | 0.85%             | N/A             | Variable      | 9.13%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Insurance Co                                     | Liberty Mutual Insurance Co                                     | CUSIP: 53079QAD9<br>LEI: CNC20I6IOMGF7KY49D67 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1251832.97   | 0.13%             | 2097-10-15      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Inc/OH                                    | Huntington Bancshares Inc/OH                                    | CUSIP: 446150BG8<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   6160000 | PA      | $6205596.32   | 0.65%             | N/A             | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                      | US Bancorp                                                      | CUSIP: 902973155<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |     11995 | NS      | $227305.25    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Life Insurance Co                                        | Nippon Life Insurance Co                                        | CUSIP: 654579AH4<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |   4600000 | PA      | $4171850.40   | 0.44%             | 2051-01-21      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Sempra                                                          | Sempra                                                          | CUSIP: 816851BV0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   3580000 | PA      | $3654746.82   | 0.38%             | 2055-04-01      | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| Sumitomo Life Insurance Co                                      | Sumitomo Life Insurance Co                                      | CUSIP: 86564CAC4<br>LEI: 549300I5OQCDADQSPI57 | Long             | DBT              | CORP              | JP        |   5000000 | PA      | $4679817.50   | 0.49%             | 2081-04-15      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co Inc                                  | American Electric Power Co Inc                                  | CUSIP: 02557TAF6<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   4400000 | PA      | $4415466.00   | 0.46%             | 2056-03-15      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| Voya Financial Inc                                              | Voya Financial Inc                                              | CUSIP: 929089AF7<br>LEI: 549300T065Z4KJ686G75 | Long             | DBT              | CORP              | US        |  10800000 | PA      | $10381241.88  | 1.09%             | 2048-01-23      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                              | Banco Bilbao Vizcaya Argentaria SA                              | CUSIP: 05946KAM3<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   8500000 | PA      | $9468906.50   | 0.99%             | N/A             | Variable      | 9.38%                 | No            |                  2 | On Loan: No      |
| KeyCorp Capital III                                             | KeyCorp Capital III                                             | CUSIP: 49326QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2901305.95   | 0.30%             | 2029-07-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                  | BNP Paribas SA                                                  | CUSIP: 05602XQQ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2600000 | PA      | $2746772.60   | 0.29%             | N/A             | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| Public Storage                                                  | Public Storage                                                  | CUSIP: 74460W644<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     13525 | NS      | $317702.25    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                                                    | Enbridge Inc                                                    | CUSIP: 29250NAW5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |  11000000 | PA      | $11208197.00  | 1.17%             | 2078-03-01      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                    | Barclays PLC                                                    | CUSIP: 06738EDC6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  12900000 | PA      | $13696962.00  | 1.43%             | N/A             | Variable      | 7.63%                 | No            |                  2 | On Loan: No      |
| State Street Corp                                               | State Street Corp                                               | CUSIP: 857477CS0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3968659.20   | 0.42%             | N/A             | Variable      | 6.45%                 | No            |                  2 | On Loan: —       |
| Lloyds Banking Group PLC                                        | Lloyds Banking Group PLC                                        | CUSIP: 53944YBB8<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $932624.10    | 0.10%             | N/A             | Variable      | 6.75%                 | No            |                  2 | On Loan: —       |
| MetLife Capital Trust IV                                        | MetLife Capital Trust IV                                        | CUSIP: 591560AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2446259.20   | 0.26%             | 2067-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp/The                                | Bank of New York Mellon Corp/The                                | CUSIP: 064058AL4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |  12100000 | PA      | $11919038.45  | 1.25%             | N/A             | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                              | Banco Bilbao Vizcaya Argentaria SA                              | CUSIP: 05946KAS0<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   9700000 | PA      | $10413910.30  | 1.09%             | N/A             | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp                                           | Truist Financial Corp                                           | CUSIP: 89832QAF6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2022510.00   | 0.21%             | N/A             | Variable      | 5.10%                 | No            |                  2 | On Loan: —       |
| BNP Paribas SA                                                  | BNP Paribas SA                                                  | CUSIP: 05565ASK0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   7000000 | PA      | $6498943.50   | 0.68%             | N/A             | Variable      | 4.63%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank/The                                       | Toronto-Dominion Bank/The                                       | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  14201000 | PA      | $14858094.47  | 1.56%             | 2082-10-31      | Variable      | 8.13%                 | No            |                  2 | On Loan: No      |
| ACE Capital Trust II                                            | ACE Capital Trust II                                            | CUSIP: 00440FAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2570000 | PA      | $3078483.78   | 0.32%             | 2030-04-01      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| MetLife Inc                                                     | MetLife Inc                                                     | CUSIP: 59156RAV0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $5696235.80   | 0.60%             | 2069-08-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Affiliated Managers Group Inc                                   | Affiliated Managers Group Inc                                   | CUSIP: 008252850<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |      1353 | NS      | $28629.48     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Montreal                                                | Bank of Montreal                                                | CUSIP: 06368LQ58<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   7834000 | PA      | $8298007.82   | 0.87%             | 2084-05-26      | Variable      | 7.70%                 | No            |                  2 | On Loan: No      |
| State Street Corp                                               | State Street Corp                                               | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   6900000 | PA      | $7223941.20   | 0.76%             | N/A             | Variable      | 6.70%                 | No            |                  2 | On Loan: —       |
| Barclays PLC                                                    | Barclays PLC                                                    | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1200000 | PA      | $1279567.50   | 0.13%             | N/A             | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                    | UBS Group AG                                                    | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  12000000 | PA      | $14033916.00  | 1.47%             | N/A             | Variable      | 9.25%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                        | Lloyds Banking Group PLC                                        | CUSIP: 539439BF5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2500000 | PA      | $2490380.50   | 0.26%             | N/A             | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| Invesco Preferred ETF                                           | Invesco Preferred ETF                                           | CUSIP: 46138E511<br>LEI: 549300J11Q08WEERN210 | Long             | EC               | RF                | US        |    123647 | NS      | $1409575.80   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                                         | KeyCorp                                                         | CUSIP: 493267AK4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |   2775000 | PA      | $2766952.78   | 0.29%             | N/A             | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                          | Standard Chartered PLC                                          | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | DBT              | CORP              | GB        |  12500000 | PA      | $11885226.25  | 1.24%             | N/A             | Variable      | 4.75%                 | No            |                  2 | On Loan: —       |
| Enbridge Inc                                                    | Enbridge Inc                                                    | CUSIP: 29250NBT1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   4650000 | PA      | $5366653.35   | 0.56%             | 2084-01-15      | Variable      | 8.50%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                        | Lloyds Banking Group PLC                                        | CUSIP: 53944YAV5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2172848.00   | 0.23%             | N/A             | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Reinsurance Group of America Inc                                | Reinsurance Group of America Inc                                | CUSIP: 759351AT6<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    400000 | PA      | $414090.40    | 0.04%             | 2055-09-15      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                             | NextEra Energy Capital Holdings Inc                             | CUSIP: 65339KCW8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2803520.70   | 0.29%             | 2054-09-01      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                              | Banco Santander SA                                              | CUSIP: 05971KAQ2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   5000000 | PA      | $6029025.00   | 0.63%             | N/A             | Variable      | 9.63%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                                    | Enbridge Inc                                                    | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $5088805.00   | 0.53%             | 2080-07-15      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                  | BNP Paribas SA                                                  | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | DBT              | CORP              | FR        |   1400000 | PA      | $1495558.40   | 0.16%             | N/A             | Variable      | 9.25%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia/The                                         | Bank of Nova Scotia/The                                         | CUSIP: 06419GEE2<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  23600000 | PA      | $24366882.00  | 2.55%             | 2085-10-27      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen       | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen       | CUSIP: 62582PAA8<br>LEI: 529900MUF4C20K50JS49 | Long             | DBT              | CORP              | DE        |   3600000 | PA      | $3781709.93   | 0.40%             | 2042-05-23      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia/The                                         | Bank of Nova Scotia/The                                         | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   2600000 | PA      | $2748249.40   | 0.29%             | 2082-10-27      | Variable      | 8.63%                 | No            |                  2 | On Loan: No      |
| Dairy Farmers of America Inc                                    | Dairy Farmers of America Inc                                    | CUSIP: 23385HAA7<br>LEI: 1LTUIZEFFT7MUIERI838 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7016975.00   | 0.73%             | N/A             | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Inc/OH                                    | Huntington Bancshares Inc/OH                                    | CUSIP: 446150AV6<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |  14810000 | PA      | $14707489.62  | 1.54%             | N/A             | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                                        | Electricite de France SA                                        | CUSIP: 28504KAA5<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |   2000000 | PA      | $2378768.00   | 0.25%             | N/A             | Variable      | 9.13%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-27

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

**Signature:** Megan Hoffmann

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

**Title:** Vice President and Treasurer