# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0001752724-25-150693
**Filing Date:** 2025-6
**Character Count:** 13666
**Document Hash:** fa8a8b8560196dd77c721351052c4745
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-150693.hdr.sgml**: 20250623

**ACCESSION NUMBER**: 0001752724-25-150693

**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:** 251063738

**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

### Strategic Asset Management Flexible Income Portfolio (Series ID: S000014235)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000038726 | Class A             | SAUPX           |
| C000038728 | Class C             | SCUPX           |
| C000038729 | Institutional Class | PIFIX           |
| C000039349 | R-3                 | PFIPX           |
| C000039352 | R-5                 | PFIFX           |
| C000039353 | Class J             | PFIJX           |

## 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:** SAM Flexible Income Portfolio

- **b. EDGAR series identifier (if any):** S000014235

- **c. LEI of Series:** 549300ITXDI984NFCS62

**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:** $2228020752.14

**Total Liabilities:** $4797919.62

**Net Assets:** $2223222832.52

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000039349 | 1.12%                | -1.34%               | 0.06%                |
| Class ID C000038728 | 1.09%                | -1.30%               | 0.01%                |
| Class ID C000038729 | 1.17%                | -1.21%               | 0.02%                |
| Class ID C000039353 | 1.17%                | -1.23%               | 0.10%                |
| Class ID C000039352 | 1.16%                | -1.23%               | 0.00%                |
| Class ID C000038726 | 1.14%                | -1.23%               | 0.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $11428378.65             | $11988465.61                               |
| Month 2  | $5542808.53              | $-38032178.76                              |
| Month 3  | $-6744623.12             | $3243114.80                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Finisterre Emerging Markets Total Return Bond Fund    | Finisterre Emerging Markets Total Return Bond Fund    | CUSIP: 74255L175<br>LEI: 549300MNS2JZWUXHD778 | Long             | EC               | RF                | US        |  14278586 | NS      | $128507277.14 | 5.78%             |  |  |  | No            |                  1 | On Loan: No      |
| High Yield Fund                                       | High Yield Fund                                       | CUSIP: 74256W626<br>LEI: 2U04QLKKFWRJC7CSOX80 | Long             | EC               | RF                | US        |   5853648 | NS      | $38634074.90  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal U.S. Small-Cap ETF                          | Principal U.S. Small-Cap ETF                          | CUSIP: 74255Y607<br>LEI: 5493008MXNTNT2RRXN18 | Long             | EC               | RF                | US        |    215000 | NS      | $10249050.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MidCap Fund                                           | MidCap Fund                                           | CUSIP: 74256W584<br>LEI: 549300D8KHZ8MDOZYC94 | Long             | EC               | RF                | US        |    475055 | NS      | $21006928.39  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal U.S. Mega-Cap ETF                           | Principal U.S. Mega-Cap ETF                           | CUSIP: 74255Y870<br>LEI: 549300XGM3O583ZPRJ37 | Long             | EC               | RF                | US        |   2381095 | NS      | $135031897.45 | 6.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Active High Yield ETF                       | Principal Active High Yield ETF                       | CUSIP: 74255Y102<br>LEI: 549300IJEBBJ7TDADP97 | Long             | EC               | RF                | US        |   2073084 | NS      | $39212383.86  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Inflation Protection Fund                             | Inflation Protection Fund                             | CUSIP: 74254T815<br>LEI: 5493006ECFME6VCZ0U45 | Long             | EC               | RF                | US        |  17139627 | NS      | $134203282.10 | 6.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Spectrum Preferred and Capital Securities Income Fund | Spectrum Preferred and Capital Securities Income Fund | CUSIP: 74256W485<br>LEI: 549300C5BAH7DRKDHO25 | Long             | EC               | RF                | US        |   7898231 | NS      | $71715941.48  | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| LargeCap Value Fund III                               | LargeCap Value Fund III                               | CUSIP: 74253J677<br>LEI: 549300P5E4OK1XZWQO33 | Long             | EC               | RF                | US        |   2531435 | NS      | $46451836.21  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Income Fund                                    | Equity Income Fund                                    | CUSIP: 74254U499<br>LEI: 549300LK1BTIDFAOW136 | Long             | EC               | RF                | US        |   2184236 | NS      | $82891770.66  | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Diversified Real Asset Fund                           | Diversified Real Asset Fund                           | CUSIP: 742537467<br>LEI: 549300FY1HF8KNDK4G58 | Long             | EC               | RF                | US        |   1989048 | NS      | $22774596.08  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bond Market Index Fund                                | Bond Market Index Fund                                | CUSIP: 742553316<br>LEI: VNIC77YUXCT48GBDSU43 | Long             | EC               | RF                | US        |  32914527 | NS      | $281419208.82 | 12.66%            |  |  |  | No            |                  1 | On Loan: No      |
| Real Estate Securities Fund                           | Real Estate Securities Fund                           | CUSIP: 74256W568<br>LEI: 5493007VCVKAGWPVUY18 | Long             | EC               | RF                | US        |    385189 | NS      | $11047230.44  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Government Money Market Fund - Class R-6    | Principal Government Money Market Fund - Class R-6    | CUSIP: 74257B639<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  15753325 | NS      | $15753325.20  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| LargeCap S&P 500 Index Fund                           | LargeCap S&P 500 Index Fund                           | CUSIP: 74253Q788<br>LEI: 549300HDJCROTIVIXD92 | Long             | EC               | RF                | US        |    825166 | NS      | $22196955.82  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Capital Appreciation Fund                   | Principal Capital Appreciation Fund                   | CUSIP: 74254U432<br>LEI: 549300488LDV833BXR20 | Long             | EC               | RF                | US        |   1012255 | NS      | $78378881.58  | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Value ETF                                   | Principal Value ETF                                   | CUSIP: 74255Y300<br>LEI: 549300X72DS7OIEXMJ50 | Long             | EC               | RF                | US        |    226000 | NS      | $10468320.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal International Equity ETF                    | Principal International Equity ETF                    | CUSIP: 74255Y698<br>LEI: 254900IUDNVVDBH14H30 | Long             | EC               | RF                | US        |   2208147 | NS      | $59045850.78  | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Small-MidCap Dividend Income Fund                     | Small-MidCap Dividend Income Fund                     | CUSIP: 74256W469<br>LEI: 54930000PG64KHHYCN32 | Long             | EC               | RF                | US        |   1984492 | NS      | $34331715.25  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Emerging Markets Fund                          | Global Emerging Markets Fund                          | CUSIP: 74256W618<br>LEI: 5493005LRWTRDOOFXF24 | Long             | EC               | RF                | US        |    403491 | NS      | $10833735.15  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Short-Term Income Fund                                | Short-Term Income Fund                                | CUSIP: 74254U440<br>LEI: IJOCWVJG326LDFE5SJ51 | Long             | EC               | RF                | US        |   6644877 | NS      | $80336562.63  | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| LargeCap Growth Fund I                                | LargeCap Growth Fund I                                | CUSIP: 742537590<br>LEI: 5493005TWCHTR0PO8C36 | Long             | EC               | RF                | US        |    648755 | NS      | $10075168.72  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Overseas Fund                                         | Overseas Fund                                         | CUSIP: 742553571<br>LEI: M8LPS0WBNG35BUE1BV52 | Long             | EC               | RF                | US        |   2076911 | NS      | $21516802.29  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Government & High Quality Bond Fund                   | Government & High Quality Bond Fund                   | CUSIP: 74254U457<br>LEI: XQSA5XKJBXF2IV4K6K06 | Long             | EC               | RF                | US        |  10824658 | NS      | $97638419.53  | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Fixed Income Fund                                | Core Fixed Income Fund                                | CUSIP: 742537616<br>LEI: 2K6IF9KYA1Q08XNZVZ48 | Long             | EC               | RF                | US        |  88594719 | NS      | $761028639.77 | 34.23%            |  |  |  | No            |                  1 | 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