# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0000898745-25-000634
**Filing Date:** 2025-10
**Character Count:** 18409
**Document Hash:** b379e071ae2852ab5dadaf64a1fa75e7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000898745-25-000634.hdr.sgml**: 20251024

**ACCESSION NUMBER**: 0000898745-25-000634

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251024

**DATE AS OF CHANGE**: 20251024

**PERIOD START**: 20250831

**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:** 251415058

**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

### Global Listed Infrastructure Fund (formerly, Global Sustainable Listed Infrastructure Fund) (Series ID: S000077513)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000237990 | Institutional Class | PGSLX           |

## 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:** Global Listed Infrastructure Fund

- **b. EDGAR series identifier (if any):** S000077513

- **c. LEI of Series:** 549300UO9IFEWQKUAV03

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-08-31

**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:** $125756533.77

**Total Liabilities:** $2262470.76

**Net Assets:** $123494063.01

**Cash Not Reported:** $242488.59

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237990 | 0.35%                | -1.03%               | 1.05%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-24992.36               | $550003.05                                 |
| Month 2  | $-35149.90               | $-1285701.85                               |
| Month 3  | $359598.48               | $720488.81                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DT Midstream Inc                                       | DT Midstream Inc                                       | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19507 | NS      | $2032239.26   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| China Tower Corp Ltd                                   | China Tower Corp Ltd                                   | CUSIP: N/A<br>LEI: 300300T6BNNP0L7O7H91       | Long             | EC               | CORP              | CN        |   1078000 | NS      | $1628495.07   | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Norfolk Southern Corp                                  | Norfolk Southern Corp                                  | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      3359 | NS      | $940452.82    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Emera Inc                                              | Emera Inc                                              | CUSIP: N/A<br>LEI: NQZVQT2P5IUF2PGA1Q48       | Long             | EC               | CORP              | CA        |     63800 | NS      | $3038670.40   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP | Cia de Saneamento Basico do Estado de Sao Paulo SABESP | CUSIP: N/A<br>LEI: 254900UOXRZRS2TNWP19       | Long             | EC               | CORP              | BR        |     90400 | NS      | $2036473.90   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellnex Telecom SA                                     | Cellnex Telecom SA                                     | CUSIP: N/A<br>LEI: 5493008T4YG3AQUI7P67       | Long             | EC               | CORP              | ES        |    100825 | NS      | $3589095.28   | 2.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Beijing Capital International Airport Co Ltd           | Beijing Capital International Airport Co Ltd           | CUSIP: N/A<br>LEI: 5299001QWQN7CK66FE04       | Long             | EC               | CORP              | CN        |   4408000 | NS      | $1674346.19   | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Guangdong Investment Ltd                               | Guangdong Investment Ltd                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |   2512524 | NS      | $2363186.19   | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Crown Castle Inc                                       | Crown Castle Inc                                       | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     38751 | NS      | $3841774.14   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Motiva Infraestrutura de Mobilidade SA                 | Motiva Infraestrutura de Mobilidade SA                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   1043422 | NS      | $2778943.29   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                                           | Entergy Corp                                           | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     57648 | NS      | $5078212.32   | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Aeroports de Paris SA                                  | Aeroports de Paris SA                                  | CUSIP: N/A<br>LEI: 969500PJMBSFHYC37989       | Long             | EC               | CORP              | FR        |     27300 | NS      | $3593260.67   | 2.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Severn Trent PLC                                       | Severn Trent PLC                                       | CUSIP: N/A<br>LEI: 213800RPBXRETY4A4C59       | Long             | EC               | CORP              | GB        |     88081 | NS      | $3076846.02   | 2.49%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Energy Holdings Ltd                                | ENN Energy Holdings Ltd                                | CUSIP: N/A<br>LEI: 549300V7BXPWT6WIPR03       | Long             | EC               | CORP              | CN        |    319000 | NS      | $2582016.61   | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Boralex Inc                                            | Boralex Inc                                            | CUSIP: N/A<br>LEI: 5493004UT7HNQU2SVR90       | Long             | EC               | CORP              | CA        |     87966 | NS      | $1849825.67   | 1.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Indus Towers Ltd                                       | Indus Towers Ltd                                       | CUSIP: N/A<br>LEI: 335800L6DI4VHODGDK41       | Long             | EC               | CORP              | IN        |    372144 | NS      | $1429760.48   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity FedFund - Institutional Class      | BlackRock Liquidity FedFund - Institutional Class      | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |   1933311 | NS      | $1933310.63   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                                   | Williams Cos Inc/The                                   | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    106424 | NS      | $6159821.12   | 4.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                                     | Union Pacific Corp                                     | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     15282 | NS      | $3416596.74   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group Inc                          | Northwestern Energy Group Inc                          | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     27383 | NS      | $1574796.33   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                                 | Sempra                                                 | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     56978 | NS      | $4704103.68   | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarana Menara Nusantara Tbk PT                         | Sarana Menara Nusantara Tbk PT                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |  16464900 | NS      | $613783.01    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| NextEra Energy Inc                                     | NextEra Energy Inc                                     | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    121730 | NS      | $8770646.50   | 7.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                        | Xcel Energy Inc                                        | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     53850 | NS      | $3898201.50   | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Elia Group SA/NV                                       | Elia Group SA/NV                                       | CUSIP: N/A<br>LEI: 549300S1MP1NFDIKT460       | Long             | EC               | CORP              | BE        |     27490 | NS      | $3145582.38   | 2.55%             |  |  |  | No            |                  2 | On Loan: No      |
| CSX Corp                                               | CSX Corp                                               | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    132098 | NS      | $4294505.98   | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                                    | American Tower Corp                                    | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     29718 | NS      | $6058014.30   | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                                        | CMS Energy Corp                                        | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     53638 | NS      | $3838871.66   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                                          | DTE Energy Co                                          | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     15446 | NS      | $2110695.90   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian National Railway Co                           | Canadian National Railway Co                           | CUSIP: N/A<br>LEI: 3SU7BEP7TH9YEQOZCS77       | Long             | EC               | CORP              | CA        |     26700 | NS      | $2584748.97   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibson Energy Inc                                      | Gibson Energy Inc                                      | CUSIP: N/A<br>LEI: 549300WYW5D9I3FR0643       | Long             | EC               | CORP              | CA        |    191100 | NS      | $3622043.18   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Group                                              | APA Group                                              | CUSIP: N/A<br>LEI: 549300T9RBSX164T8H40       | Long             | EC               | CORP              | AU        |    594702 | NS      | $3424954.20   | 2.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Principal Government Money Market Fund - Class R-6     | Principal Government Money Market Fund - Class R-6     | CUSIP: 74257B639<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2721464 | NS      | $2721463.83   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                                      | National Grid PLC                                      | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |    394647 | NS      | $5543275.47   | 4.49%             |  |  |  | No            |                  2 | On Loan: No      |
| CenterPoint Energy Inc                                 | CenterPoint Energy Inc                                 | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |    103829 | NS      | $3915391.59   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                                              | PG&E Corp                                              | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    171047 | NS      | $2613598.16   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Arteria Ltd                                      | Atlas Arteria Ltd                                      | CUSIP: N/A<br>LEI: 254900SGF4ZQDBH2YC59       | Long             | EC               | CORP              | AU        |   1035509 | NS      | $3606538.25   | 2.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinix Inc                                            | Equinix Inc                                            | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      1587 | NS      | $1247683.53   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Rumo SA                                                | Rumo SA                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    795158 | NS      | $2139741.09   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Enav SpA                                               | Enav SpA                                               | CUSIP: N/A<br>LEI: 81560048ECF8D2059980       | Long             | EC               | CORP              | IT        |    371021 | NS      | $1826239.18   | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-29

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

**Signature:** Megan Hoffmann

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

**Title:** Vice President and Controller