# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0000898745-23-000001
**Filing Date:** 2023-1
**Character Count:** 10984
**Document Hash:** aac1a6caba81e82fed2900b2d8998f12
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000898745-23-000001.hdr.sgml**: 20230103

**ACCESSION NUMBER**: 0000898745-23-000001

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230103

**DATE AS OF CHANGE**: 20230103

**EFFECTIVENESS DATE**: 20230103

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRINCIPAL FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000898745
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-59474
- **FILM NUMBER:** 23500540

**BUSINESS ADDRESS:**
- **STREET 1:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392
- **BUSINESS PHONE:** 515-235-1209

**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 Conservative Balanced Portfolio (Series ID: S000014233)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Class A             | SAIPX         | C000038718 |
| Class C             | SCIPX         | C000038720 |
| Institutional Class | PCCIX         | C000038721 |
| R-3                 | PCBPX         | C000039337 |
| R-1                 | PCSSX         | C000039338 |
| R-4                 | PCBLX         | C000039339 |
| R-5                 | PCBFX         | C000039340 |
| Class J             | PCBJX         | C000039341 |

---

### Strategic Asset Management Conservative Growth Portfolio (Series ID: S000014234)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Class A             | SAGPX         | C000038722 |
| Class C             | SCGPX         | C000038724 |
| Institutional Class | PCWIX         | C000038725 |
| R-4                 | PCWSX         | C000039342 |
| R-5                 | PCWPX         | C000039343 |
| Class J             | PCGJX         | C000039344 |
| R-3                 | PCGPX         | C000039346 |
| R-1                 | PCGGX         | C000039347 |

---

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

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Class A             | SAUPX         | C000038726 |
| Class C             | SCUPX         | C000038728 |
| Institutional Class | PIFIX         | C000038729 |
| R-3                 | PFIPX         | C000039349 |
| R-1                 | PFIGX         | C000039350 |
| R-4                 | PFILX         | C000039351 |
| R-5                 | PFIFX         | C000039352 |
| Class J             | PFIJX         | C000039353 |

---

### Strategic Asset Management Strategic Growth Portfolio (Series ID: S000014236)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Class A             | SACAX         | C000038730 |
| Class C             | SWHCX         | C000038732 |
| Institutional Class | PSWIX         | C000038733 |
| R-3                 | PSGPX         | C000039355 |
| R-1                 | PSGGX         | C000039356 |
| R-4                 | PSGLX         | C000039357 |
| R-5                 | PSGFX         | C000039358 |
| Class J             | PSWJX         | C000039359 |

---

### Strategic Asset Management Balanced Portfolio (Series ID: S000014246)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Class A             | SABPX         | C000038768 |
| Class C             | SCBPX         | C000038770 |
| Institutional Class | PSBIX         | C000038771 |
| R-3                 | PBAPX         | C000039361 |
| R-1                 | PSBGX         | C000039362 |
| R-4                 | PSBLX         | C000039363 |
| R-5                 | PSBFX         | C000039364 |
| Class J             | PSAJX         | C000039365 |

---

## Series and Classes Contracts Data

### Strategic Asset Management Conservative Balanced Portfolio (Series ID: S000014233)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000038718 | Class A             | SAIPX           |
| C000038720 | Class C             | SCIPX           |
| C000038721 | Institutional Class | PCCIX           |
| C000039337 | R-3                 | PCBPX           |
| C000039338 | R-1                 | PCSSX           |
| C000039339 | R-4                 | PCBLX           |
| C000039340 | R-5                 | PCBFX           |
| C000039341 | Class J             | PCBJX           |

### Strategic Asset Management Conservative Growth Portfolio (Series ID: S000014234)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000038722 | Class A             | SAGPX           |
| C000038724 | Class C             | SCGPX           |
| C000038725 | Institutional Class | PCWIX           |
| C000039342 | R-4                 | PCWSX           |
| C000039343 | R-5                 | PCWPX           |
| C000039344 | Class J             | PCGJX           |
| C000039346 | R-3                 | PCGPX           |
| C000039347 | R-1                 | PCGGX           |

### 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           |
| C000039350 | R-1                 | PFIGX           |
| C000039351 | R-4                 | PFILX           |
| C000039352 | R-5                 | PFIFX           |
| C000039353 | Class J             | PFIJX           |

### Strategic Asset Management Strategic Growth Portfolio (Series ID: S000014236)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000038730 | Class A             | SACAX           |
| C000038732 | Class C             | SWHCX           |
| C000038733 | Institutional Class | PSWIX           |
| C000039355 | R-3                 | PSGPX           |
| C000039356 | R-1                 | PSGGX           |
| C000039357 | R-4                 | PSGLX           |
| C000039358 | R-5                 | PSGFX           |
| C000039359 | Class J             | PSWJX           |

### Strategic Asset Management Balanced Portfolio (Series ID: S000014246)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000038768 | Class A             | SABPX           |
| C000038770 | Class C             | SCBPX           |
| C000038771 | Institutional Class | PSBIX           |
| C000039361 | R-3                 | PBAPX           |
| C000039362 | R-1                 | PSBGX           |
| C000039363 | R-4                 | PSBLX           |
| C000039364 | R-5                 | PSBFX           |
| C000039365 | Class J             | PSAJX           |

**Principal Funds, Inc.**

**Supplement dated January 3, 2023**

**to the Prospectus dated March 1, 2022 and Statement of Additional Information** 

**dated March 1, 2022 as amended and restated November 18, 2022**

**(both as previously supplemented)**

This supplement updates information currently in the Prospectus and Statement of Additional Information. Please retain this supplement for future reference.

**SUMMARIES FOR THE FOLLOWING FUNDS**

SAM (Strategic Asset Management) Balanced Portfolio

SAM (Strategic Asset Management) Conservative Balanced Portfolio

SAM (Strategic Asset Management) Conservative Growth Portfolio

SAM (Strategic Asset Management) Flexible Income Portfolio

SAM (Strategic Asset Management) Strategic Growth Portfolio

*In the* **Investment Advisor and Portfolio Managers** *section, add the following alphabetically:*

• Yesim Tokat-Acikel (since 2023), Portfolio Manager

**MANAGEMENT OF THE FUNDS** 

*Under* **The Manager and Advisor***, in the* **Advisor: Principal Global Investors, LLC** *section, add the following alphabetically to the list of portfolio managers:*

**Yesim Tokat-Acikel** has been with Principal since 2023. Prior to that, Ms. Tokat-Acikel was a Managing Director, Head of Multi-Asset Research, Co-Head of ESG, and Portfolio Manager for PGIM Quantitative Solutions, a business of Prudential Financial, since 2010. She is responsible for the asset allocation and manager selection for Principal Asset Allocation. She earned a bachelor's degree in Industrial Engineering from Bilkent University, a master's degree in Industrial Engineering from the University of Arizona, and a PhD in Financial Economics from the University of California, Santa Barbara.

**PORTFOLIO MANAGER DISCLOSURE**

*In the* **Advisor: Principal Global Investors, LLC (Principal**<sup>®</sup> **Global Asset Allocation Portfolio Managers)** *table, add the following alphabetically to the list of portfolio managers*:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Other Accounts Managed** | **Other Accounts Managed** | **Other Accounts Managed** | **Other Accounts Managed** |
| | **Total Number of Accounts** | **Total Assets in the Accounts** | **Number of Accounts**<br>**that base**<br>**the Advisory Fee on Performance** | **Total Assets of the Accounts**<br>**that base the Advisory Fee on Performance** |
| **Yesim Tokat-Acikel** <sup>(1)</sup>: SAM Balanced, SAM Conservative Balanced, SAM Conservative Growth, SAM Flexible Income, and SAM Strategic Growth Portfolios | | | | |
| Registered investment companies | 0 | $0 | 0 | $0 |
| Other pooled investment vehicles | 0 | $0 | 0 | $0 |
| Other accounts | 0 | $0 | 0 | $0 |
| <sup>(1)</sup> Information as of December 31, 2022 | <sup>(1)</sup> Information as of December 31, 2022 | <sup>(1)</sup> Information as of December 31, 2022 | <sup>(1)</sup> Information as of December 31, 2022 |  |

---

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*In the* **Ownership of Securities** *table, add the following alphabetically to the list of portfolio managers*:

**Ownership of Securities**

---

| | | |
|:---|:---|:---|
| **Portfolio Manager** | **PFI Funds Managed by Portfolio Manager** | **Dollar Range of Securities Owned by the Portfolio Manager** |
| Yesim Tokat-Acikel <sup>(1)</sup> | SAM Balanced |  |
| Yesim Tokat-Acikel <sup>(1)</sup> | SAM Conservative Balanced |  |
| Yesim Tokat-Acikel <sup>(1)</sup> | SAM Conservative Growth |  |
| Yesim Tokat-Acikel <sup>(1)</sup> | SAM Flexible Income |  |
| Yesim Tokat-Acikel <sup>(1)</sup> | SAM Strategic Growth |  |
| <sup>(1)</sup> Information as of December 31, 2022 | <sup>(1)</sup> Information as of December 31, 2022 | <sup>(1)</sup> Information as of December 31, 2022 |

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