# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0001752724-25-150711
**Filing Date:** 2025-6
**Character Count:** 36964
**Document Hash:** 642e45935493871d93dd2d84966c945e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-150711.hdr.sgml**: 20250623

**ACCESSION NUMBER**: 0001752724-25-150711

**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:** 251063760

**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

### Principal Capital Appreciation Fund (fka West Coast Equity Fund) (Series ID: S000014238)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000038737 | Class A             | CMNWX           |
| C000038740 | Institutional Class | PWCIX           |
| C000085760 | R-3                 | PCAOX           |
| C000085762 | R-5                 | PCAQX           |

## 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:** Principal Capital Appreciation Fund

- **b. EDGAR series identifier (if any):** S000014238

- **c. LEI of Series:** 549300488LDV833BXR20

**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:** $4418571005.63

**Total Liabilities:** $2196677.98

**Net Assets:** $4416374327.65

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000038737 | -2.61%               | -6.29%               | -0.47%               |
| Class ID C000085760 | -2.63%               | -6.31%               | -0.49%               |
| Class ID C000038740 | -2.58%               | -6.27%               | -0.45%               |
| Class ID C000085762 | -2.61%               | -6.28%               | -0.47%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $45512773.87             | $-176241185.44                             |
| Month 2  | $56444478.64             | $-361209502.21                             |
| Month 3  | $38668048.83             | $-60630716.51                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DR Horton Inc                                      | DR Horton Inc                                      | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |    103496 | NS      | $13075684.64  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                             | Motorola Solutions Inc                             | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     64537 | NS      | $28421449.43  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                                     | GE Vernova Inc                                     | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     96957 | NS      | $35953594.74  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp                          | Constellation Energy Corp                          | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |    168395 | NS      | $37626178.80  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                 | Meta Platforms Inc                                 | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    200050 | NS      | $109827450.00 | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                              | East West Bancorp Inc                              | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    194643 | NS      | $16651708.65  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp                            | Marathon Petroleum Corp                            | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |    261787 | NS      | $35972151.67  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                             | Trane Technologies PLC                             | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |     66358 | NS      | $25435684.98  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp                            | Wintrust Financial Corp                            | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     80262 | NS      | $8922726.54   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                                         | PACCAR Inc                                         | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |    263463 | NS      | $23766997.23  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                                    | Fair Isaac Corp                                    | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |     24149 | NS      | $48048782.32  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                     | Eli Lilly & Co                                     | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     68398 | NS      | $61486382.10  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                     | Salesforce Inc                                     | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    217220 | NS      | $58369186.20  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                     | Merck & Co Inc                                     | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    324953 | NS      | $27685995.60  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp                               | Deckers Outdoor Corp                               | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |    290874 | NS      | $32237565.42  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                        | Datadog Inc                                        | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     94577 | NS      | $9661986.32   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                                  | Kinder Morgan Inc                                  | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |   1545054 | NS      | $40634920.20  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc - Class B                   | Berkshire Hathaway Inc - Class B                   | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |    133147 | NS      | $71000637.75  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc - A Shares                            | Alphabet Inc - A Shares                            | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    954195 | NS      | $151526166.00 | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                              | Republic Services Inc                              | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |    295409 | NS      | $74073806.75  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                                 | NextEra Energy Inc                                 | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    264218 | NS      | $17670899.84  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                             | UnitedHealth Group Inc                             | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     97343 | NS      | $40050803.92  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                        | Corteva Inc                                        | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    529276 | NS      | $32809819.24  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                     | Amazon.com Inc                                     | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    779636 | NS      | $143780471.12 | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                                      | McKesson Corp                                      | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |    102357 | NS      | $72959046.03  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                                     | ServiceNow Inc                                     | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     40213 | NS      | $38403817.13  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                                  | Tractor Supply Co                                  | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |    404950 | NS      | $20498569.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                        | Cummins Inc                                        | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     78850 | NS      | $23169284.00  | 0.52%             |  |  |  | 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        |  25461996 | NS      | $25461995.83  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc                      | Old Dominion Freight Line Inc                      | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |    135856 | NS      | $20824007.68  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                         | Casey's General Stores Inc                         | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |    140752 | NS      | $65110467.68  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                                    | TJX Cos Inc/The                                    | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    543947 | NS      | $69995099.96  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                          | Adobe Inc                                          | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     40885 | NS      | $15331057.30  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                    | T-Mobile US Inc                                    | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |    262457 | NS      | $64813756.15  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc                         | Chipotle Mexican Grill Inc                         | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    426109 | NS      | $21527026.68  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                            | Extra Space Storage Inc                            | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    272581 | NS      | $39938568.12  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                | JPMorgan Chase & Co                                | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    564504 | NS      | $138088968.48 | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd          | Taiwan Semiconductor Manufacturing Co Ltd          | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    179226 | NS      | $29875181.94  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                                | Arista Networks Inc                                | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |    184701 | NS      | $15195351.27  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp                               | Regency Centers Corp                               | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |    586932 | NS      | $42364751.76  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                                        | Chemed Corp                                        | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |     37385 | NS      | $21739751.35  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc                                 | Domino's Pizza Inc                                 | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |     63737 | NS      | $31254712.69  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                            | O'Reilly Automotive Inc                            | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     43486 | NS      | $61541387.20  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc                        | American Water Works Co Inc                        | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |    323195 | NS      | $47512896.95  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                                    | Caterpillar Inc                                    | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     33036 | NS      | $10217043.72  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                       | Thermo Fisher Scientific Inc                       | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     87483 | NS      | $37530207.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc/The               | PNC Financial Services Group Inc/The               | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |    126845 | NS      | $20382723.05  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                             | Palo Alto Networks Inc                             | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |    224164 | NS      | $41902976.52  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                     | Microsoft Corp                                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    672819 | NS      | $265938437.94 | 6.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp                               | Parker-Hannifin Corp                               | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     63352 | NS      | $38331761.12  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                         | Deere & Co                                         | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     85945 | NS      | $39840664.20  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc                            | Lululemon Athletica Inc                            | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | CA        |     39320 | NS      | $10646676.40  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                            | CRH PLC                                            | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | US        |    375334 | NS      | $35814370.28  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc                     | GE HealthCare Technologies Inc                     | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |    341210 | NS      | $23997299.30  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                           | Visa Inc                                           | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    384759 | NS      | $132934234.50 | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                                        | Workday Inc                                        | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |    127346 | NS      | $31199770.00  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                            | Procter & Gamble Co/The                            | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    460458 | NS      | $74856657.06  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                                | Abbott Laboratories                                | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    245437 | NS      | $32090887.75  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                   | Exxon Mobil Corp                                   | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    616857 | NS      | $65158604.91  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                        | Equinix Inc                                        | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     42532 | NS      | $36609419.00  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                       | Prologis Inc                                       | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    173139 | NS      | $17694805.80  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                         | AbbVie Inc                                         | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    182398 | NS      | $35585849.80  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                                         | Nasdaq Inc                                         | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |    571073 | NS      | $43521473.33  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc                 | Broadridge Financial Solutions Inc                 | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |    198941 | NS      | $48223298.40  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                         | Fiserv Inc                                         | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |    173500 | NS      | $32022895.00  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc                             | Church & Dwight Co Inc                             | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |    509870 | NS      | $50650485.80  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                              | Costco Wholesale Corp                              | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     70560 | NS      | $70171920.00  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                       | Broadcom Inc                                       | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    496622 | NS      | $95584836.34  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                             | Permian Resources Corp                             | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |   1148168 | NS      | $13548382.40  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                     | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    222557 | NS      | $25687528.94  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                        | Netflix Inc                                        | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     21306 | NS      | $24112426.32  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                           | KLA Corp                                           | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     38333 | NS      | $26936215.77  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                        | NVIDIA Corp                                        | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   1815948 | NS      | $197793056.16 | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc                         | Vertex Pharmaceuticals Inc                         | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     77969 | NS      | $39725205.50  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                          | Linde PLC                                          | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | US        |     92203 | NS      | $41789165.69  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                               | Progressive Corp/The                               | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |    163451 | NS      | $46050684.74  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                                  | Atmos Energy Corp                                  | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |    136564 | NS      | $21936275.32  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                                  | Lam Research Corp                                  | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    550433 | NS      | $39449533.11  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                        | Novartis AG                                        | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |    484848 | NS      | $55025399.52  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Birkenstock Holding Plc                            | Birkenstock Holding Plc                            | CUSIP: M2029K104<br>LEI: 529900CQ8LQKQ7LIT631 | Long             | EC               | CORP              | GB        |    615960 | NS      | $31678822.80  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corp International/US                      | Service Corp International/US                      | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |    281973 | NS      | $22529642.70  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                        | Shopify Inc                                        | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |    258344 | NS      | $24542680.00  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                                 | HCA Healthcare Inc                                 | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |    136105 | NS      | $46967113.40  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                                        | Cameco Corp                                        | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |    433041 | NS      | $19551801.15  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC - Class A                            | Accenture PLC - Class A                            | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     66068 | NS      | $19764242.20  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTracker Inc                                     | NEXTracker Inc                                     | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    276901 | NS      | $11244949.61  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc                           | Ameriprise Financial Inc                           | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     97053 | NS      | $45713904.06  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                                         | Twilio Inc                                         | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |    167854 | NS      | $16233160.34  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                           | Marsh & McLennan Cos Inc                           | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |    170961 | NS      | $38546576.67  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                          | Tesla Inc                                          | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     41410 | NS      | $11684245.60  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                                           | RTX Corp                                           | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    215926 | NS      | $27234746.38  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                          | Apple Inc                                          | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   1119933 | NS      | $237985762.50 | 5.39%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                                       | KKR & Co Inc                                       | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |    243396 | NS      | $27812860.92  | 0.63%             |  |  |  | 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