# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0001752724-25-150723
**Filing Date:** 2025-6
**Character Count:** 50509
**Document Hash:** 0554de8c3297526f4d68cac1c8e714b8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-150723.hdr.sgml**: 20250623

**ACCESSION NUMBER**: 0001752724-25-150723

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250623

**DATE AS OF CHANGE**: 20250623

**PERIOD START**: 20251031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07572
- **FILM NUMBER:** 251063771

**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 Emerging Markets Fund (f/k/a International Emerging Markets Fund) (Series ID: S000007013)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000019140 | R-3                 | PEAPX           |
| C000019142 | R-5                 | PEPSX           |
| C000019144 | Institutional Class | PIEIX           |
| C000019145 | Class J             | PIEJX           |
| C000019146 | Class A             | PRIAX           |
| C000175481 | R-6                 | PIIMX           |

## 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 Emerging Markets Fund

- **b. EDGAR series identifier (if any):** S000007013

- **c. LEI of Series:** 5493005LRWTRDOOFXF24

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2587520302.55

**Total Liabilities:** $44106438.81

**Net Assets:** $2543413863.74

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000019145 | 0.27%                | 2.08%                | -0.42%               |
| Class ID C000019140 | 0.27%                | 2.01%                | -0.41%               |
| Class ID C000175481 | 0.30%                | 2.08%                | -0.37%               |
| Class ID C000019146 | 0.30%                | 2.02%                | -0.40%               |
| Class ID C000019144 | 0.30%                | 2.05%                | -0.37%               |
| Class ID C000019142 | 0.30%                | 2.07%                | -0.41%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $15170485.63             | $-9406731.22                               |
| Month 2  | $-724106.95              | $48598253.94                               |
| Month 3  | $123030.30               | $-14508013.35                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Reliance Industries Ltd                                | Reliance Industries Ltd                                | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |    922831 | NS      | $15322984.89  | 0.60%             |  |  |  | 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        |  73026717 | NS      | $73026716.80  | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Orbia Advance Corp SAB de CV                           | Orbia Advance Corp SAB de CV                           | CUSIP: N/A<br>LEI: 549300MVHZ20SBIOEQ79       | Long             | EC               | CORP              | MX        |   8220800 | NS      | $5550260.93   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Max Financial Services Ltd                             | Max Financial Services Ltd                             | CUSIP: N/A<br>LEI: 335800Y9FX8XGFB64S40       | Long             | EC               | CORP              | IN        |    920206 | NS      | $14197228.62  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates Central Cooling Systems Corp                  | Emirates Central Cooling Systems Corp                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |   6262800 | NS      | $2752247.44   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| WNS Holdings Ltd                                       | WNS Holdings Ltd                                       | CUSIP: G98196101<br>LEI: 529900RM7QHUD3W9DM42 | Long             | EC               | CORP              | IN        |    175862 | NS      | $10643168.24  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Alchip Technologies Ltd                                | Alchip Technologies Ltd                                | CUSIP: N/A<br>LEI: 529900HKE9RIY07SLX84       | Long             | EC               | CORP              | TW        |    141000 | NS      | $9422429.15   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| SLC Agricola SA                                        | SLC Agricola SA                                        | CUSIP: N/A<br>LEI: 54930017BQDYJPIJXG79       | Long             | EC               | CORP              | BR        |   1400406 | NS      | $4863660.39   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| China Overseas Land & Investment Ltd                   | China Overseas Land & Investment Ltd                   | CUSIP: N/A<br>LEI: 529900I6W35GYKRIZ151       | Long             | EC               | CORP              | HK        |    841000 | NS      | $1492060.50   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics Inc                                  | Delta Electronics Inc                                  | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |   4124000 | NS      | $43212119.29  | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| AKR Corporindo Tbk PT                                  | AKR Corporindo Tbk PT                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |  37902800 | NS      | $2876692.54   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Hung Kai Properties Ltd                            | Sun Hung Kai Properties Ltd                            | CUSIP: N/A<br>LEI: 529900LUMD393RD3S874       | Long             | EC               | CORP              | HK        |    509500 | NS      | $4833327.77   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Aerospace Industries Ltd                         | Korea Aerospace Industries Ltd                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    314599 | NS      | $18413683.09  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| E Ink Holdings Inc                                     | E Ink Holdings Inc                                     | CUSIP: N/A<br>LEI: 529900UOR451FJJYL571       | Long             | EC               | CORP              | TW        |   2264000 | NS      | $15815371.66  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Vietnam Technological & Commercial Joint Stock Bank    | Vietnam Technological & Commercial Joint Stock Bank    | CUSIP: N/A<br>LEI: 5493001XNKHV3FNIUD50       | Long             | EC               | CORP              | VN        |  15642400 | NS      | $15886817.11  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                              | Alibaba Group Holding Ltd                              | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | CN        |   5625224 | NS      | $83984769.85  | 3.30%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD Co Ltd                                             | BYD Co Ltd                                             | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |    743000 | NS      | $35289710.54  | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd                                         | ICICI Bank Ltd                                         | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |   3413673 | NS      | $57381397.04  | 2.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco BTG Pactual SA                                   | Banco BTG Pactual SA                                   | CUSIP: N/A<br>LEI: ZXLTQRYIK6IJH3R0IK66       | Long             | EC               | CORP              | BR        |   1509350 | NS      | $10178202.25  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichitan Group PCL                                      | Ichitan Group PCL                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |  21822400 | NS      | $7836462.06   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle India Ltd                                       | Nestle India Ltd                                       | CUSIP: N/A<br>LEI: 3358008SYYY9CPWH5D94       | Long             | EC               | CORP              | IN        |    344521 | NS      | $9737723.60   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| China Pacific Insurance Group Co Ltd                   | China Pacific Insurance Group Co Ltd                   | CUSIP: N/A<br>LEI: 529900BA5ILEL308WX03       | Long             | EC               | CORP              | CN        |  11267800 | NS      | $30657050.35  | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| LT Foods Ltd                                           | LT Foods Ltd                                           | CUSIP: N/A<br>LEI: 3358008WEECK49DUO516       | Long             | EC               | CORP              | IN        |   2124700 | NS      | $8723130.97   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                   | Tencent Holdings Ltd                                   | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | CN        |   2733200 | NS      | $167411108.59 | 6.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Jumbo SA                                               | Jumbo SA                                               | CUSIP: N/A<br>LEI: 549300TGIVUUMY40MZ05       | Long             | EC               | CORP              | GR        |    213467 | NS      | $6739676.48   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Weichai Power Co Ltd                                   | Weichai Power Co Ltd                                   | CUSIP: N/A<br>LEI: 529900OKTPKBG85F9502       | Long             | EC               | CORP              | CN        |   2354000 | NS      | $4592421.93   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group Inc                                 | KB Financial Group Inc                                 | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |    484248 | NS      | $30603869.33  | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                          | HDFC Bank Ltd                                          | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |   2205303 | NS      | $50091153.74  | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| ADNOC Drilling Co PJSC                                 | ADNOC Drilling Co PJSC                                 | CUSIP: N/A<br>LEI: 254900JPRSQL1PM0JV19       | Long             | EC               | CORP              | AE        |   4742994 | NS      | $6328010.51   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp                                 | Accton Technology Corp                                 | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |    992000 | NS      | $18477325.33  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix Inc                                           | SK Hynix Inc                                           | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |    236851 | NS      | $29552632.90  | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Cury Construtora e Incorporadora SA                    | Cury Construtora e Incorporadora SA                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   3539900 | NS      | $17097109.15  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Dart Express Ltd                                  | Blue Dart Express Ltd                                  | CUSIP: N/A<br>LEI: 3358003QNMHXM1CHC382       | Long             | EC               | CORP              | IN        |     29260 | NS      | $2150575.95   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Pegavision Corp                                        | Pegavision Corp                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    309000 | NS      | $3371047.68   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Escorts Kubota Ltd                                     | Escorts Kubota Ltd                                     | CUSIP: N/A<br>LEI: 335800FPEJC7WFBUBF07       | Long             | EC               | CORP              | IN        |    341995 | NS      | $13192431.69  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Shandong Gold Mining Co Ltd                            | Shandong Gold Mining Co Ltd                            | CUSIP: N/A<br>LEI: 300300KC2K8BC07OSV77       | Long             | EC               | CORP              | CN        |   2084750 | NS      | $6141635.71   | 0.24%             |  |  |  | No            |                  2 | On Loan: —       |
| AIA Group Ltd                                          | AIA Group Ltd                                          | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |   6008000 | NS      | $45017441.40  | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Music Entertainment Group                      | Tencent Music Entertainment Group                      | CUSIP: N/A<br>LEI: 213800XTZK2GOHQTYK41       | Long             | EC               | CORP              | CN        |    264800 | NS      | $1787963.94   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Polska Kasa Opieki SA                             | Bank Polska Kasa Opieki SA                             | CUSIP: N/A<br>LEI: 5493000LKS7B3UTF7H35       | Long             | EC               | CORP              | PL        |    775127 | NS      | $38850628.67  | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                                       | MercadoLibre Inc                                       | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |     19046 | NS      | $44393369.10  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                                   | Capstone Copper Corp                                   | CUSIP: N/A<br>LEI: 549300III6KGKKC42W63       | Long             | EC               | CORP              | CA        |   1947900 | NS      | $9382022.34   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| JD Logistics Inc                                       | JD Logistics Inc                                       | CUSIP: N/A<br>LEI: 655600LWTFVMV3E2A890       | Long             | EC               | CORP              | CN        |   4463700 | NS      | $7000924.61   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Ternium SA                                             | Ternium SA                                             | CUSIP: 880890108<br>LEI: 529900QG4KU23TEI2E46 | Long             | EC               | CORP              | LU        |     83046 | NS      | $2396707.56   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bajaj Finance Ltd                                      | Bajaj Finance Ltd                                      | CUSIP: N/A<br>LEI: 335800YTEXC3DO4Z6F68       | Long             | EC               | CORP              | IN        |    184439 | NS      | $18819522.36  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| ASE Technology Holding Co Ltd                          | ASE Technology Holding Co Ltd                          | CUSIP: N/A<br>LEI: 300300GO8QHPMV87NZ73       | Long             | EC               | CORP              | TW        |   1758000 | NS      | $7491189.29   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung E&A Co Ltd                                     | Samsung E&A Co Ltd                                     | CUSIP: N/A<br>LEI: 988400HDAY5KIVHGZ188       | Long             | EC               | CORP              | KR        |    562100 | NS      | $7600360.47   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Yadea Group Holdings Ltd                               | Yadea Group Holdings Ltd                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |   4766000 | NS      | $8601942.96   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Voltronic Power Technology Corp                        | Voltronic Power Technology Corp                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    232000 | NS      | $10878774.00  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercorp Financial Services Inc                       | Intercorp Financial Services Inc                       | CUSIP: P5626F128<br>LEI: 5299004181WFTEWB1398 | Long             | EC               | CORP              | PE        |    343483 | NS      | $11633769.21  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Varun Beverages Ltd                                    | Varun Beverages Ltd                                    | CUSIP: N/A<br>LEI: 33580058NWEMWBDNMD48       | Long             | EC               | CORP              | IN        |   3603637 | NS      | $22248433.77  | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Auto Ltd                                         | Bajaj Auto Ltd                                         | CUSIP: N/A<br>LEI: 335800DLAO5NCNN8G863       | Long             | EC               | CORP              | IN        |    242919 | NS      | $23079022.36  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Co Ltd                                      | HD Hyundai Co Ltd                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    198317 | NS      | $10967937.21  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| WEG SA                                                 | WEG SA                                                 | CUSIP: N/A<br>LEI: 254900NKQV127YFRO022       | Long             | EC               | CORP              | BR        |   1754700 | NS      | $13922828.65  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund - Institutional Class      | BlackRock Liquidity FedFund - Institutional Class      | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |    806922 | NS      | $806921.59    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd                                     | Trip.com Group Ltd                                     | CUSIP: N/A<br>LEI: 2549004RMYDSRQL4KW41       | Long             | EC               | CORP              | SG        |    111674 | NS      | $6727332.58   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Xiaomi Corp                                            | Xiaomi Corp                                            | CUSIP: N/A<br>LEI: 2549001ACVFAZRNMKL32       | Long             | EC               | CORP              | CN        |   8040200 | NS      | $51475004.39  | 2.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Richter Gedeon Nyrt                                    | Richter Gedeon Nyrt                                    | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |    146795 | NS      | $4452090.90   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzano SA                                              | Suzano SA                                              | CUSIP: N/A<br>LEI: 391200AW174YQSDMGG41       | Long             | EC               | CORP              | BR        |   4018300 | NS      | $35473393.65  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Bank Central Asia Tbk                               | PT Bank Central Asia Tbk                               | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |  40727100 | NS      | $21654217.06  | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| PICC Property & Casualty Co Ltd                        | PICC Property & Casualty Co Ltd                        | CUSIP: N/A<br>LEI: 300300F1000311000017       | Long             | EC               | CORP              | CN        |   2558000 | NS      | $4710403.17   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Adani Energy Solutions Ltd                             | Adani Energy Solutions Ltd                             | CUSIP: N/A<br>LEI: 549300PLH866JQ6LXE52       | Long             | EC               | CORP              | IN        |   3019549 | NS      | $32010333.89  | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Humansoft Holding Co KSC                               | Humansoft Holding Co KSC                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KW        |    491897 | NS      | $3809605.06   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco do Brasil SA                                     | Banco do Brasil SA                                     | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Long             | EC               | CORP              | BR        |   2626300 | NS      | $13346341.86  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant SA                                             | Globant SA                                             | CUSIP: L44385109<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |    115129 | NS      | $13535716.53  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Severstal PAO                                          | Severstal PAO                                          | CUSIP: N/A<br>LEI: 213800OKDPTV6K4ONO53       | Long             | EC               | CORP              | RU        |     31471 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Gaztransport Et Technigaz SA                           | Gaztransport Et Technigaz SA                           | CUSIP: N/A<br>LEI: 969500BVOHVZUUFWDT54       | Long             | EC               | CORP              | FR        |     69201 | NS      | $11279943.07  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| LIG Nex1 Co Ltd                                        | LIG Nex1 Co Ltd                                        | CUSIP: N/A<br>LEI: 988400VTP0QVY3OIY652       | Long             | EC               | CORP              | KR        |     70736 | NS      | $15980634.79  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd              | Taiwan Semiconductor Manufacturing Co Ltd              | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |   9751685 | NS      | $276309645.96 | 10.86%            |  |  |  | No            |                  2 | On Loan: No      |
| Aluminum Corp of China Ltd                             | Aluminum Corp of China Ltd                             | CUSIP: N/A<br>LEI: 529900TKZUWQLIQN6T48       | Long             | EC               | CORP              | CN        |   5316000 | NS      | $2853281.91   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi National Bank/The                                | Saudi National Bank/The                                | CUSIP: N/A<br>LEI: 5586006ZEFQ542K7CY16       | Long             | EC               | CORP              | SA        |   3866054 | NS      | $36835854.66  | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Grab Holdings Ltd                                      | Grab Holdings Ltd                                      | CUSIP: G4124C109<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               | CORP              | SG        |   4409538 | NS      | $21518545.44  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Simcere Pharmaceutical Group Ltd                       | Simcere Pharmaceutical Group Ltd                       | CUSIP: N/A<br>LEI: 254900WU599EZJIML194       | Long             | EC               | CORP              | CN        |   3348000 | NS      | $3785110.94   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Bangkok Dusit Medical Services PCL                     | Bangkok Dusit Medical Services PCL                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |  11102800 | NS      | $7883017.91   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Music Entertainment Group                      | Tencent Music Entertainment Group                      | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | CN        |    132401 | NS      | $1776821.42   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| L&T Technology Services Ltd                            | L&T Technology Services Ltd                            | CUSIP: N/A<br>LEI: 335800OITXHL9VYVRC58       | Long             | EC               | CORP              | IN        |    157849 | NS      | $7930883.47   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Mobis Co Ltd                                   | Hyundai Mobis Co Ltd                                   | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |    106942 | NS      | $20073940.97  | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                                | Meituan                                                | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | CN        |   1765100 | NS      | $29225533.55  | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Kotak Mahindra Bank Ltd                                | Kotak Mahindra Bank Ltd                                | CUSIP: N/A<br>LEI: 335800E6GTTXKHXE2I75       | Long             | EC               | CORP              | IN        |   2164182 | NS      | $56562688.21  | 2.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhuzhou CRRC Times Electric Co Ltd                     | Zhuzhou CRRC Times Electric Co Ltd                     | CUSIP: N/A<br>LEI: 529900PLNH7NQLN00B53       | Long             | EC               | CORP              | CN        |   1160400 | NS      | $4657654.32   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| JSW Infrastructure Ltd                                 | JSW Infrastructure Ltd                                 | CUSIP: N/A<br>LEI: 3358003E3YFK92C9WX80       | Long             | EC               | CORP              | IN        |   7193121 | NS      | $25005105.36  | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Bid Corp Ltd                                           | Bid Corp Ltd                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |    549161 | NS      | $13800439.50  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Zai Lab Ltd                                            | Zai Lab Ltd                                            | CUSIP: N/A<br>LEI: 549300P2UYQ9U5LY1T58       | Long             | EC               | CORP              | CN        |   2678820 | NS      | $8533119.02   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| SM Investments Corp                                    | SM Investments Corp                                    | CUSIP: N/A<br>LEI: 254900YB8UATFP21AF80       | Long             | EC               | CORP              | PH        |    213765 | NS      | $3327565.91   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase Inc                                            | NetEase Inc                                            | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | CN        |   1091825 | NS      | $23470253.74  | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| GPS Participacoes e Empreendimentos SA                 | GPS Participacoes e Empreendimentos SA                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   2610807 | NS      | $6942032.83   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc                                             | JD.com Inc                                             | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | CN        |   2155600 | NS      | $35096245.92  | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Negara Indonesia Persero Tbk PT                   | Bank Negara Indonesia Persero Tbk PT                   | CUSIP: N/A<br>LEI: 549300HZ8J3MLVXQ8F85       | Long             | EC               | CORP              | ID        |  63824000 | NS      | $16083600.59  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Fubon Financial Holding Co Ltd                         | Fubon Financial Holding Co Ltd                         | CUSIP: N/A<br>LEI: 549300G7Y2TS2XNIB476       | Long             | EC               | CORP              | TW        |   6921345 | NS      | $18344548.94  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Hansoh Pharmaceutical Group Co Ltd                     | Hansoh Pharmaceutical Group Co Ltd                     | CUSIP: N/A<br>LEI: 254900Q6MR00EBXTPF42       | Long             | EC               | CORP              | CN        |   6032000 | NS      | $18693006.69  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Impala Platinum Holdings Ltd                           | Impala Platinum Holdings Ltd                           | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |   1844168 | NS      | $10967501.89  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Hygeia Healthcare Holdings Co Ltd                      | Hygeia Healthcare Holdings Co Ltd                      | CUSIP: N/A<br>LEI: 2549001Z9KHQTRR29237       | Long             | EC               | CORP              | CN        |   3006200 | NS      | $5420594.59   | 0.21%             |  |  |  | No            |                  2 | On Loan: —       |
| WH Group Ltd                                           | WH Group Ltd                                           | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | HK        |  33119000 | NS      | $29615250.99  | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                     | Grupo Financiero Banorte SAB de CV                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    894100 | NS      | $7666449.86   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Mahindra & Mahindra Ltd                                | Mahindra & Mahindra Ltd                                | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |    515036 | NS      | $17844562.01  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Motor Co                                       | Hyundai Motor Co                                       | CUSIP: N/A<br>LEI: 9884004RQX8PRBXQ8S60       | Long             | EP               | CORP              | KR        |    123183 | NS      | $13223626.85  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Land Ltd                               | China Resources Land Ltd                               | CUSIP: N/A<br>LEI: 5299001HL0TU7X15HK51       | Long             | EC               | CORP              | HK        |   3100000 | NS      | $10430282.48  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV - NY Reg Shares                        | ASML Holding NV - NY Reg Shares                        | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      8985 | NS      | $6002698.80   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc                                           | MediaTek Inc                                           | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |    879000 | NS      | $37351436.62  | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| PRIO SA/Brazil                                         | PRIO SA/Brazil                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    481500 | NS      | $2860076.83   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Rakyat Indonesia Persero Tbk PT                   | Bank Rakyat Indonesia Persero Tbk PT                   | CUSIP: N/A<br>LEI: 254900HB6S4B12GBNP64       | Long             | EC               | CORP              | ID        |  94864182 | NS      | $21971472.73  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA                                 | Petroleo Brasileiro SA                                 | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EP               | CORP              | BR        |   2669000 | NS      | $14127690.02  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Elm Co                                                 | Elm Co                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     22376 | NS      | $6191920.57   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Polyus PJSC                                            | Polyus PJSC                                            | CUSIP: N/A<br>LEI: 549300FUXVT7TF6ZKV71       | Long             | EC               | CORP              | RU        |      3430 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Geopark Ltd                                            | Geopark Ltd                                            | CUSIP: G38327105<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | EC               | CORP              | CO        |    312265 | NS      | $2098420.80   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| APL Apollo Tubes Ltd                                   | APL Apollo Tubes Ltd                                   | CUSIP: N/A<br>LEI: 335800ZU4GXSB7Q4IU95       | Long             | EC               | CORP              | IN        |    450393 | NS      | $8609416.05   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| El Puerto de Liverpool SAB de CV                       | El Puerto de Liverpool SAB de CV                       | CUSIP: N/A<br>LEI: 4469000001BO4JEXZL32       | Long             | EC               | CORP              | MX        |    584958 | NS      | $2693840.39   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Greece SA                             | National Bank of Greece SA                             | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |   5155574 | NS      | $54718475.24  | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Vestel Beyaz Esya Sanayi ve Ticaret AS                 | Vestel Beyaz Esya Sanayi ve Ticaret AS                 | CUSIP: N/A<br>LEI: 789000VRFVY3D0YO2710       | Long             | EC               | CORP              | TR        |         1 | NS      | $0.30         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cemex SAB de CV                                        | Cemex SAB de CV                                        | CUSIP: N/A<br>LEI: 549300RIG2CXWN6IV731       | Long             | EC               | CORP              | MX        |  56094414 | NS      | $34696985.89  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Mines Ltd                                      | Ivanhoe Mines Ltd                                      | CUSIP: N/A<br>LEI: 5299006XZISURYIA4G32       | Long             | EC               | CORP              | CA        |    961200 | NS      | $8534083.85   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                           | Wal-Mart de Mexico SAB de CV                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |   3989000 | NS      | $12637952.63  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Atour Lifestyle Holdings Ltd                           | Atour Lifestyle Holdings Ltd                           | CUSIP: 04965M106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    905182 | NS      | $22122648.08  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd                                     | Trip.com Group Ltd                                     | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | SG        |    111674 | NS      | $6587649.26   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEED Technology Inc                                  | ASPEED Technology Inc                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     90000 | NS      | $8466879.37   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Anker Innovations Technology Co Ltd                    | Anker Innovations Technology Co Ltd                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    839679 | NS      | $10295561.13  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Voltas Ltd                                             | Voltas Ltd                                             | CUSIP: N/A<br>LEI: 335800VVTQSSZ7NV7F51       | Long             | EC               | CORP              | IN        |   1129708 | NS      | $16557930.89  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Zai Lab Ltd                                            | Zai Lab Ltd                                            | CUSIP: 98887Q104<br>LEI: 549300P2UYQ9U5LY1T58 | Long             | EC               | CORP              | CN        |    267883 | NS      | $8489212.27   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Arabian Oil Co                                   | Saudi Arabian Oil Co                                   | CUSIP: N/A<br>LEI: 5586006WD91QHB7J4X50       | Long             | EC               | CORP              | SA        |    712963 | NS      | $4820341.33   | 0.19%             |  |  |  | No            |                  2 | 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        |    542300 | NS      | $10845713.33  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti Plc                                  | Anglogold Ashanti Plc                                  | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |    426810 | NS      | $17768963.01  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Vision Biotechnology Co Ltd                  | Universal Vision Biotechnology Co Ltd                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    348000 | NS      | $1947310.05   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Caplin Point Laboratories Ltd                          | Caplin Point Laboratories Ltd                          | CUSIP: N/A<br>LEI: 33580043U3LXMROY5J69       | Long             | EC               | CORP              | IN        |    529180 | NS      | $11767876.94  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Avalon Technologies Ltd                                | Avalon Technologies Ltd                                | CUSIP: N/A<br>LEI: 335800JCPBRVSQZ3OS06       | Long             | EC               | CORP              | IN        |    727742 | NS      | $7437850.45   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                             | Samsung Electronics Co Ltd                             | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |   1805141 | NS      | $70432158.56  | 2.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Indofood Sukses Makmur Tbk PT                          | Indofood Sukses Makmur Tbk PT                          | CUSIP: N/A<br>LEI: 529900E61EV2GTYWZ485       | Long             | EC               | CORP              | ID        |  18183200 | NS      | $8771075.31   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Piraeus Financial Holdings SA                          | Piraeus Financial Holdings SA                          | CUSIP: N/A<br>LEI: M6AD1Y1KW32H8THQ6F76       | Long             | EC               | CORP              | GR        |   5766792 | NS      | $32386469.28  | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Arca Continental SAB de CV                             | Arca Continental SAB de CV                             | CUSIP: N/A<br>LEI: 254900U2BSJCQHJCXN24       | Long             | EC               | CORP              | MX        |    914600 | NS      | $9632204.07   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum China Holdings Inc                                 | Yum China Holdings Inc                                 | CUSIP: N/A<br>LEI: 529900DO9BYZ7VA3K502       | Long             | EC               | CORP              | CN        |    230800 | NS      | $10782394.83  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Megan Hoffmann

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

**Title:** Vice President and Controller