# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0000898745-26-000416
**Filing Date:** 2026-3
**Character Count:** 16419
**Document Hash:** 87dce1b9916db354454fce9c129847ab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000898745-26-000416.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0000898745-26-000416

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**PERIOD START**: 20261031

**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:** 26789593

**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:** 711 High St

  - **City:** Des Moines

  - **State:** IA

  - **Foreign country:** US

  - **Zip / Postal Code:** 50392

  - **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:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $2219951049.86

**Total Liabilities:** $5287041.77

**Net Assets:** $2214664008.09

**Cash Not Reported:** $2205705.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000039349 | 0.55%                | 0.02%                | 1.20%                |
| Class ID C000038728 | 0.59%                | -0.03%               | 1.15%                |
| Class ID C000038729 | 0.66%                | 0.07%                | 1.24%                |
| Class ID C000039353 | 0.66%                | 0.06%                | 1.23%                |
| Class ID C000039352 | 0.57%                | 0.05%                | 1.22%                |
| Class ID C000038726 | 0.64%                | 0.04%                | 1.21%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8651532.04              | $1331922.95                                |
| Month 2  | $19042416.02             | $-38179934.64                              |
| Month 3  | $4365972.64              | $18525873.50                               |

### 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        |  17721188 | NS      | $174376486.86 | 7.87%             |  |  |  | No            |                  1 | On Loan: No      |
| High Yield Fund                                       | High Yield Fund                                       | CUSIP: 74256W626<br>LEI: 2U04QLKKFWRJC7CSOX80 | Long             | EC               | RF                | US        |  12030936 | NS      | $80727581.00  | 3.65%             |  |  |  | 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        |    516000 | NS      | $30985800.00  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MidCap Fund                                           | MidCap Fund                                           | CUSIP: 74256W584<br>LEI: 549300D8KHZ8MDOZYC94 | Long             | EC               | RF                | US        |    240832 | NS      | $10266650.94  | 0.46%             |  |  |  | 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        |   1703095 | NS      | $115347899.40 | 5.21%             |  |  |  | No            |                  1 | On Loan: No      |
| International Equity Index Fund                       | International Equity Index Fund                       | CUSIP: 74256W519<br>LEI: 5493006KEEH2X763W530 | Long             | EC               | RF                | US        |   3558816 | NS      | $52065482.18  | 2.35%             |  |  |  | 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      | $39751385.70  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Macro Fund                                     | Global Macro Fund                                     | CUSIP: 74257B522<br>LEI: N/A                  | Long             | EC               | RF                | US        |   2518261 | NS      | $25938089.75  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                   | Futures                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       142 | NC      | $126208.93    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Inflation Protection Fund                             | Inflation Protection Fund                             | CUSIP: 74254T815<br>LEI: 5493006ECFME6VCZ0U45 | Long             | EC               | RF                | US        |  14378719 | NS      | $110859924.75 | 5.01%             |  |  |  | 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        |   6235018 | NS      | $58484471.11  | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| LargeCap Value Fund III                               | LargeCap Value Fund III                               | CUSIP: 74253J677<br>LEI: 549300P5E4OK1XZWQO33 | Long             | EC               | RF                | US        |   2237563 | NS      | $39761490.99  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                   | Futures                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        55 | NC      | $-8290.26     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Equity Income Fund                                    | Equity Income Fund                                    | CUSIP: 74254U499<br>LEI: 549300LK1BTIDFAOW136 | Long             | EC               | RF                | US        |   1891304 | NS      | $80153479.54  | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Diversified Real Asset Fund                           | Diversified Real Asset Fund                           | CUSIP: 742537467<br>LEI: 549300FY1HF8KNDK4G58 | Long             | EC               | RF                | US        |   1317408 | NS      | $17060434.82  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                   | Futures                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       134 | NC      | $112010.27    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bond Market Index Fund                                | Bond Market Index Fund                                | CUSIP: 742553316<br>LEI: VNIC77YUXCT48GBDSU43 | Long             | EC               | RF                | US        |  16433374 | NS      | $140505347.97 | 6.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Real Estate Securities Fund                           | Real Estate Securities Fund                           | CUSIP: 74256W568<br>LEI: 5493007VCVKAGWPVUY18 | Long             | EC               | RF                | US        |    369684 | NS      | $10469446.26  | 0.47%             |  |  |  | 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        | 154071620 | NS      | $154071619.79 | 6.96%             |  |  |  | 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        |    371446 | NS      | $12194567.26  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Capital Appreciation Fund                   | Principal Capital Appreciation Fund                   | CUSIP: 74254U432<br>LEI: 549300488LDV833BXR20 | Long             | EC               | RF                | US        |    614701 | NS      | $53644970.15  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                   | Futures                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        89 | NC      | $-42992.06    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Principal International Equity ETF                    | Principal International Equity ETF                    | CUSIP: 74255Y698<br>LEI: 254900IUDNVVDBH14H30 | Long             | EC               | RF                | US        |   2286147 | NS      | $78986378.85  | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Small-MidCap Dividend Income Fund                     | Small-MidCap Dividend Income Fund                     | CUSIP: 74256W469<br>LEI: 54930000PG64KHHYCN32 | Long             | EC               | RF                | US        |   1414429 | NS      | $30155617.62  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                   | Futures                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        61 | NC      | $-50619.11    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Global Emerging Markets Fund                          | Global Emerging Markets Fund                          | CUSIP: 74256W618<br>LEI: 5493005LRWTRDOOFXF24 | Long             | EC               | RF                | US        |    708687 | NS      | $26349000.99  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                   | Futures                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        56 | NC      | $-627598.20   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Short-Term Income Fund                                | Short-Term Income Fund                                | CUSIP: 74254U440<br>LEI: IJOCWVJG326LDFE5SJ51 | Long             | EC               | RF                | US        |   8278306 | NS      | $100746983.30 | 4.55%             |  |  |  | No            |                  1 | On Loan: No      |
| LargeCap Growth Fund I                                | LargeCap Growth Fund I                                | CUSIP: 742537590<br>LEI: 5493005TWCHTR0PO8C36 | Long             | EC               | RF                | US        |    448085 | NS      | $6999091.85   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Overseas Fund                                         | Overseas Fund                                         | CUSIP: 742553571<br>LEI: M8LPS0WBNG35BUE1BV52 | Long             | EC               | RF                | US        |   1809078 | NS      | $22360203.17  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Government & High Quality Bond Fund                   | Government & High Quality Bond Fund                   | CUSIP: 74254U457<br>LEI: XQSA5XKJBXF2IV4K6K06 | Long             | EC               | RF                | US        |  10544855 | NS      | $96907215.92  | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Fixed Income Fund                                | Core Fixed Income Fund                                | CUSIP: 742537616<br>LEI: 2K6IF9KYA1Q08XNZVZ48 | Long             | EC               | RF                | US        |  73856141 | NS      | $644764113.77 | 29.11%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                   | Futures                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       191 | NC      | $141660.54    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

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

**Signature:** Megan Hoffmann

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

**Title:** Vice President and Treasurer