# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0000898745-25-000850
**Filing Date:** 2025-12
**Character Count:** 44121
**Document Hash:** 298b10863469e8c001d4c171f6d561e3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000898745-25-000850.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0000898745-25-000850

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20251031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07572
- **FILM NUMBER:** 251596266

**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:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $5830238899.88

**Total Liabilities:** $290455543.83

**Net Assets:** $5539783356.05

**Cash Not Reported:** $134311489.10

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000019145 | 2.24%                | 7.35%                | 2.65%                |
| Class ID C000019140 | 2.24%                | 7.33%                | 2.63%                |
| Class ID C000175481 | 2.29%                | 7.38%                | 2.67%                |
| Class ID C000019146 | 2.24%                | 7.32%                | 2.68%                |
| Class ID C000019144 | 2.26%                | 7.37%                | 2.68%                |
| Class ID C000019142 | 2.28%                | 7.32%                | 2.69%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $27823627.67             | $37468567.21                               |
| Month 2  | $74348.61                | $272415947.62                              |
| Month 3  | $54749216.41             | $86084456.12                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Powszechna Kasa Oszczednosci Bank Polski SA            | Powszechna Kasa Oszczednosci Bank Polski SA            | CUSIP: N/A<br>LEI: P4GTT6GF1W40CVIMFR43       | Long             | EC               | CORP              | PL        |   3268684 | NS      | $67018698.11  | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd                                | Reliance Industries Ltd                                | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |   5152521 | NS      | $86216348.10  | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| CP ALL PCL                                             | CP ALL PCL                                             | CUSIP: N/A<br>LEI: 894500LSBZLM09TY1A91       | Long             | EC               | CORP              | TH        |  14746400 | NS      | $20950704.61  | 0.38%             |  |  |  | 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        | 245061417 | NS      | $245061417.43 | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Max Financial Services Ltd                             | Max Financial Services Ltd                             | CUSIP: N/A<br>LEI: 335800Y9FX8XGFB64S40       | Long             | EC               | CORP              | IN        |   2437853 | NS      | $42433023.05  | 0.77%             |  |  |  | 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        |   8682315 | NS      | $3734434.36   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Alchip Technologies Ltd                                | Alchip Technologies Ltd                                | CUSIP: N/A<br>LEI: 529900HKE9RIY07SLX84       | Long             | EC               | CORP              | TW        |    233000 | NS      | $26249531.51  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| JSW One Platforms Ltd                                  | JSW One Platforms Ltd                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | IN        |      1820 | NS      | $15112510.55  | 0.27%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Delta Electronics Inc                                  | Delta Electronics Inc                                  | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |   3148000 | NS      | $101251871.09 | 1.83%             |  |  |  | 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        |    630000 | NS      | $7666333.96   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Aerospace Industries Ltd                         | Korea Aerospace Industries Ltd                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    818083 | NS      | $59271756.11  | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Gruma SAB de CV                                        | Gruma SAB de CV                                        | CUSIP: N/A<br>LEI: 5493000XJLJ6C4T0PG82       | Long             | EC               | CORP              | MX        |    618590 | NS      | $10476590.87  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| E Ink Holdings Inc                                     | E Ink Holdings Inc                                     | CUSIP: N/A<br>LEI: 529900UOR451FJJYL571       | Long             | EC               | CORP              | TW        |   6631000 | NS      | $45554425.56  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Finance Ltd                                      | Bajaj Finance Ltd                                      | CUSIP: N/A<br>LEI: 335800YTEXC3DO4Z6F68       | Long             | EC               | CORP              | IN        |   3242539 | NS      | $38082352.62  | 0.69%             |  |  |  | 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        |  31607200 | NS      | $42127286.76  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                              | Alibaba Group Holding Ltd                              | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | HK        |  10832424 | NS      | $230500432.69 | 4.16%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD Co Ltd                                             | BYD Co Ltd                                             | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |   4085200 | NS      | $52780749.30  | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd                                         | ICICI Bank Ltd                                         | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |   5943774 | NS      | $90063840.31  | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco BTG Pactual SA                                   | Banco BTG Pactual SA                                   | CUSIP: N/A<br>LEI: ZXLTQRYIK6IJH3R0IK66       | Long             | EC               | CORP              | BR        |   6984750 | NS      | $63551429.38  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund - Institutional Class      | BlackRock Liquidity FedFund - Institutional Class      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   1139009 | NS      | $1139009.27   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IDFC First Bank Ltd                                    | IDFC First Bank Ltd                                    | CUSIP: N/A<br>LEI: 335800SBNAPYVT1D2K13       | Long             | EC               | CORP              | IN        |  64079047 | NS      | $59001917.67  | 1.07%             |  |  |  | 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        |  12419000 | NS      | $50347288.14  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| LT Foods Ltd                                           | LT Foods Ltd                                           | CUSIP: N/A<br>LEI: 3358008WEECK49DUO516       | Long             | EC               | CORP              | IN        |   3003544 | NS      | $14223892.71  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                   | Tencent Holdings Ltd                                   | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | CN        |   3910700 | NS      | $317657411.36 | 5.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Jumbo SA                                               | Jumbo SA                                               | CUSIP: N/A<br>LEI: 549300TGIVUUMY40MZ05       | Long             | EC               | CORP              | GR        |   1182545 | NS      | $37525185.51  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group Inc                                 | KB Financial Group Inc                                 | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |    401511 | NS      | $32776782.45  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Geely Automobile Holdings Ltd                          | Geely Automobile Holdings Ltd                          | CUSIP: N/A<br>LEI: 549300YS3T1KVQ2SNI84       | Long             | EC               | CORP              | HK        |  18491000 | NS      | $43866380.71  | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                          | HDFC Bank Ltd                                          | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |   8697489 | NS      | $96706066.45  | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| ADNOC Drilling Co PJSC                                 | ADNOC Drilling Co PJSC                                 | CUSIP: N/A<br>LEI: 254900JPRSQL1PM0JV19       | Long             | EC               | CORP              | AE        |  13339507 | NS      | $20266034.07  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp                                 | Accton Technology Corp                                 | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |   1741000 | NS      | $60546251.54  | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| JSW Cement Ltd                                         | JSW Cement Ltd                                         | CUSIP: N/A<br>LEI: 335800KDVP88TZYLON57       | Long             | EC               | CORP              | IN        |   6163067 | NS      | $9472536.00   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| SK hynix Inc                                           | SK hynix Inc                                           | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |    352671 | NS      | $137221995.39 | 2.48%             |  |  |  | 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        |   4994000 | NS      | $32442736.46  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Escorts Kubota Ltd                                     | Escorts Kubota Ltd                                     | CUSIP: N/A<br>LEI: 335800FPEJC7WFBUBF07       | Long             | EC               | CORP              | IN        |    507415 | NS      | $21629719.63  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                                          | AIA Group Ltd                                          | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |   9910000 | NS      | $96431600.62  | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                                       | MercadoLibre Inc                                       | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |     34087 | NS      | $79329311.62  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                                   | Capstone Copper Corp                                   | CUSIP: N/A<br>LEI: 549300III6KGKKC42W63       | Long             | EC               | CORP              | CA        |   3848300 | NS      | $34352227.02  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ASE Technology Holding Co Ltd                          | ASE Technology Holding Co Ltd                          | CUSIP: N/A<br>LEI: 300300GO8QHPMV87NZ73       | Long             | EC               | CORP              | TW        |   2620000 | NS      | $20961993.74  | 0.38%             |  |  |  | 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        |    774175 | NS      | $14074731.98  | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Yadea Group Holdings Ltd                               | Yadea Group Holdings Ltd                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |   6258000 | NS      | $9783891.80   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Voltronic Power Technology Corp                        | Voltronic Power Technology Corp                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1110000 | NS      | $43485174.84  | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercorp Financial Services Inc                       | Intercorp Financial Services Inc                       | CUSIP: P5626F128<br>LEI: 5299004181WFTEWB1398 | Long             | EC               | CORP              | PE        |    482494 | NS      | $20761716.82  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Varun Beverages Ltd                                    | Varun Beverages Ltd                                    | CUSIP: N/A<br>LEI: 33580058NWEMWBDNMD48       | Long             | EC               | CORP              | IN        |   9963821 | NS      | $52652733.25  | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| WEG SA                                                 | WEG SA                                                 | CUSIP: N/A<br>LEI: 254900NKQV127YFRO022       | Long             | EC               | CORP              | BR        |   5592300 | NS      | $43730529.28  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd                                     | Trip.com Group Ltd                                     | CUSIP: N/A<br>LEI: 2549004RMYDSRQL4KW41       | Long             | EC               | CORP              | SG        |    650798 | NS      | $45797584.45  | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Xiaomi Corp                                            | Xiaomi Corp                                            | CUSIP: N/A<br>LEI: 2549001ACVFAZRNMKL32       | Long             | EC               | CORP              | CN        |  11133400 | NS      | $61767132.64  | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| UltraTech Cement Ltd                                   | UltraTech Cement Ltd                                   | CUSIP: N/A<br>LEI: 335800PC9O9B4BQHG814       | Long             | EC               | CORP              | IN        |    305192 | NS      | $41039323.17  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Richter Gedeon Nyrt                                    | Richter Gedeon Nyrt                                    | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |    519026 | NS      | $15988109.72  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzano SA                                              | Suzano SA                                              | CUSIP: N/A<br>LEI: 391200AW174YQSDMGG41       | Long             | EC               | CORP              | BR        |   6187200 | NS      | $56110835.23  | 1.01%             |  |  |  | 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        | 125423800 | NS      | $64215984.74  | 1.16%             |  |  |  | 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        |   9564000 | NS      | $22595183.39  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Globant SA                                             | Globant SA                                             | CUSIP: L44385109<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |    652962 | NS      | $40209399.96  | 0.73%             |  |  |  | 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        |    219633 | NS      | $43493706.51  | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| LIG Nex1 Co Ltd                                        | LIG Nex1 Co Ltd                                        | CUSIP: N/A<br>LEI: 988400VTP0QVY3OIY652       | Long             | EC               | CORP              | KR        |     40770 | NS      | $14847221.16  | 0.27%             |  |  |  | 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        |  15240685 | NS      | $737034737.39 | 13.30%            |  |  |  | No            |                  2 | On Loan: No      |
| Saudi National Bank/The                                | Saudi National Bank/The                                | CUSIP: N/A<br>LEI: 5586006ZEFQ542K7CY16       | Long             | EC               | CORP              | SA        |   6417617 | NS      | $68287024.77  | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Grab Holdings Ltd                                      | Grab Holdings Ltd                                      | CUSIP: G4124C109<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               | CORP              | SG        |   9957614 | NS      | $59845260.14  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Simcere Pharmaceutical Group Ltd                       | Simcere Pharmaceutical Group Ltd                       | CUSIP: N/A<br>LEI: 254900WU599EZJIML194       | Long             | EC               | CORP              | CN        |   5041000 | NS      | $8028999.22   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| BeOne Medicines Ltd                                    | BeOne Medicines Ltd                                    | CUSIP: N/A<br>LEI: 549300JFUK6FRD5MH739       | Long             | EC               | CORP              | US        |   1342300 | NS      | $32272009.13  | 0.58%             |  |  |  | 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        |  15757300 | NS      | $9195157.67   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| L&T Technology Services Ltd                            | L&T Technology Services Ltd                            | CUSIP: N/A<br>LEI: 335800OITXHL9VYVRC58       | Long             | EC               | CORP              | IN        |    221236 | NS      | $10242524.79  | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Mobis Co Ltd                                   | Hyundai Mobis Co Ltd                                   | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |    166769 | NS      | $36878872.11  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                                | Meituan                                                | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | CN        |   3322200 | NS      | $43729304.72  | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Kotak Mahindra Bank Ltd                                | Kotak Mahindra Bank Ltd                                | CUSIP: N/A<br>LEI: 335800E6GTTXKHXE2I75       | Long             | EC               | CORP              | IN        |   1721744 | NS      | $40786042.85  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco del Bajio SA                                     | Banco del Bajio SA                                     | CUSIP: N/A<br>LEI: 4469000001BD95FFLY16       | Long             | EC               | CORP              | MX        |   7385259 | NS      | $18846253.96  | 0.34%             |  |  |  | No            |                  1 | 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        |   1547700 | NS      | $7865604.78   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| JSW Infrastructure Ltd                                 | JSW Infrastructure Ltd                                 | CUSIP: N/A<br>LEI: 3358003E3YFK92C9WX80       | Long             | EC               | CORP              | IN        |  15578214 | NS      | $50768933.73  | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Bid Corp Ltd                                           | Bid Corp Ltd                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |   1529429 | NS      | $37859779.84  | 0.68%             |  |  |  | No            |                  2 | On Loan: —       |
| Credicorp Ltd                                          | Credicorp Ltd                                          | CUSIP: G2519Y108<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | PE        |    180912 | NS      | $47218032.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Zai Lab Ltd                                            | Zai Lab Ltd                                            | CUSIP: N/A<br>LEI: 549300P2UYQ9U5LY1T58       | Long             | EC               | CORP              | CN        |  16020450 | NS      | $41803681.47  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| SM Investments Corp                                    | SM Investments Corp                                    | CUSIP: N/A<br>LEI: 254900YB8UATFP21AF80       | Long             | EC               | CORP              | PH        |    213765 | NS      | $2645194.08   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase Inc                                            | NetEase Inc                                            | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | CN        |   2555825 | NS      | $71718330.22  | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.com Inc                                             | JD.com Inc                                             | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | CN        |   2568350 | NS      | $42403429.91  | 0.77%             |  |  |  | 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        |   5938000 | NS      | $27259615.66  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Impala Platinum Holdings Ltd                           | Impala Platinum Holdings Ltd                           | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |   5311508 | NS      | $56923360.62  | 1.03%             |  |  |  | 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        |   5541400 | NS      | $9310260.85   | 0.17%             |  |  |  | No            |                  2 | On Loan: —       |
| WH Group Ltd                                           | WH Group Ltd                                           | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | HK        |  46526500 | NS      | $44754642.41  | 0.81%             |  |  |  | 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        |   6323300 | NS      | $59361452.92  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mahindra & Mahindra Ltd                                | Mahindra & Mahindra Ltd                                | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |    845318 | NS      | $33194015.43  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Motor Co                                       | Hyundai Motor Co                                       | CUSIP: N/A<br>LEI: 9884004RQX8PRBXQ8S60       | Long             | EP               | CORP              | KR        |    142429 | NS      | $21944796.33  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Land Ltd                               | China Resources Land Ltd                               | CUSIP: N/A<br>LEI: 5299001HL0TU7X15HK51       | Long             | EC               | CORP              | HK        |   5581500 | NS      | $20165613.18  | 0.36%             |  |  |  | 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        |     31568 | NS      | $33437772.64  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc                                           | MediaTek Inc                                           | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |   1487000 | NS      | $63062856.24  | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| PRIO SA/Brazil                                         | PRIO SA/Brazil                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   1659400 | NS      | $11066882.03  | 0.20%             |  |  |  | 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        | 134583182 | NS      | $32195023.44  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras                     | Petroleo Brasileiro SA - Petrobras                     | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EP               | CORP              | BR        |   4771100 | NS      | $26321108.56  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Elm Co                                                 | Elm Co                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     81534 | NS      | $20626328.85  | 0.37%             |  |  |  | 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      |
| APL Apollo Tubes Ltd                                   | APL Apollo Tubes Ltd                                   | CUSIP: N/A<br>LEI: 335800ZU4GXSB7Q4IU95       | Long             | EC               | CORP              | IN        |   1377324 | NS      | $27780166.37  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Greece SA                             | National Bank of Greece SA                             | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |   4449812 | NS      | $65405358.35  | 1.18%             |  |  |  | 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      | $0.21         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Yuyue Medical Equipment & Supply Co Ltd        | Jiangsu Yuyue Medical Equipment & Supply Co Ltd        | CUSIP: N/A<br>LEI: 8368009VDA1C3G87FP95       | Long             | EC               | CORP              | CN        |   3600737 | NS      | $18208384.04  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Cemex SAB de CV                                        | Cemex SAB de CV                                        | CUSIP: N/A<br>LEI: 549300RIG2CXWN6IV731       | Long             | EC               | CORP              | MX        |  39777314 | NS      | $40337195.99  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Mines Ltd                                      | Ivanhoe Mines Ltd                                      | CUSIP: N/A<br>LEI: 5299006XZISURYIA4G32       | Long             | EC               | CORP              | CA        |   1811000 | NS      | $18115810.49  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Atour Lifestyle Holdings Ltd                           | Atour Lifestyle Holdings Ltd                           | CUSIP: 04965M106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   1610361 | NS      | $62739664.56  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEED Technology Inc                                  | ASPEED Technology Inc                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     83000 | NS      | $14719485.37  | 0.27%             |  |  |  | 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        |   1442935 | NS      | $23696780.72  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Voltas Ltd                                             | Voltas Ltd                                             | CUSIP: N/A<br>LEI: 335800VVTQSSZ7NV7F51       | Long             | EC               | CORP              | IN        |   1918692 | NS      | $29878945.41  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Co                                   | Saudi Arabian Oil Co                                   | CUSIP: N/A<br>LEI: 5586006WD91QHB7J4X50       | Long             | EC               | CORP              | SA        |    964576 | NS      | $6664731.48   | 0.12%             |  |  |  | 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        |   1589100 | NS      | $39057369.12  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti Plc                                  | Anglogold Ashanti Plc                                  | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |    531900 | NS      | $36469094.50  | 0.66%             |  |  |  | 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        |     42000 | NS      | $195200.69    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Caplin Point Laboratories Ltd                          | Caplin Point Laboratories Ltd                          | CUSIP: N/A<br>LEI: 33580043U3LXMROY5J69       | Long             | EC               | CORP              | IN        |    706878 | NS      | $16170284.59  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Avalon Technologies Ltd                                | Avalon Technologies Ltd                                | CUSIP: N/A<br>LEI: 335800JCPBRVSQZ3OS06       | Long             | EC               | CORP              | IN        |   1005366 | NS      | $13469237.40  | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                             | Samsung Electronics Co Ltd                             | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |   3387862 | NS      | $255025443.59 | 4.60%             |  |  |  | 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        |  28270700 | NS      | $12580889.25  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Piraeus Financial Holdings SA                          | Piraeus Financial Holdings SA                          | CUSIP: N/A<br>LEI: M6AD1Y1KW32H8THQ6F76       | Long             | EC               | CORP              | GR        |   7767772 | NS      | $60667698.74  | 1.10%             |  |  |  | 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        |   3183655 | NS      | $30807519.22  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum China Holdings Inc                                 | Yum China Holdings Inc                                 | CUSIP: N/A<br>LEI: 529900DO9BYZ7VA3K502       | Long             | EC               | CORP              | CN        |   1004350 | NS      | $43252243.34  | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Megan Hoffmann

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

**Title:** Vice President and Treasurer