# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0000898745-25-000871
**Filing Date:** 2025-12
**Character Count:** 24035
**Document Hash:** 454dfd9e5bd51a30c5251fc104411595
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000898745-25-000871.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0000898745-25-000871

**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:** 251596290

**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

### International Equity Fund (formerly, International Fund I) (Series ID: S000007083)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000019372 | R-3                 | PRPPX           |
| C000019373 | R-5                 | PTPPX           |
| C000019376 | Institutional Class | PINIX           |
| C000175484 | R-6                 | PIIDX           |

## 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:** International Equity Fund

- **b. EDGAR series identifier (if any):** S000007083

- **c. LEI of Series:** 549300O1DA1JNC6UVF17

**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:** $6564958759.22

**Total Liabilities:** $36245866.38

**Net Assets:** $6528712892.84

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000175484 | 4.23%                | 4.06%                | 0.93%                |
| Class ID C000019372 | 4.17%                | 4.00%                | 0.87%                |
| Class ID C000019373 | 4.22%                | 4.05%                | 0.86%                |
| Class ID C000019376 | 4.22%                | 4.05%                | 0.93%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-43168047.07            | $313900093.96                              |
| Month 2  | $90201394.88             | $173400324.06                              |
| Month 3  | $81316978.61             | $-20471768.21                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AIB Group PLC                                      | AIB Group PLC                                      | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | EC               | CORP              | IE        |  26758855 | NS      | $246617284.00 | 3.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Gazprom PJSC                                       | Gazprom PJSC                                       | CUSIP: N/A<br>LEI: 213800FD9J2IHTA7YX78       | Long             | EC               | CORP              | RU        |    288000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Daimler Truck Holding AG                           | Daimler Truck Holding AG                           | CUSIP: N/A<br>LEI: 529900PW78JIYOUBSR24       | Long             | EC               | CORP              | DE        |   1311833 | NS      | $52581518.21  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Gaztransport Et Technigaz SA                       | Gaztransport Et Technigaz SA                       | CUSIP: N/A<br>LEI: 969500BVOHVZUUFWDT54       | Long             | EC               | CORP              | FR        |    136503 | NS      | $27031554.55  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Spotify Technology SA                              | Spotify Technology SA                              | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | SE        |    116992 | NS      | $76667197.44  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group PLC                                  | NatWest Group PLC                                  | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |  14357228 | NS      | $110529191.71 | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| CRH PLC                                            | CRH PLC                                            | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | IE        |   1107229 | NS      | $130808446.58 | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                         | Samsung Electronics Co Ltd                         | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |   3502637 | NS      | $263665271.68 | 4.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd          | Taiwan Semiconductor Manufacturing Co Ltd          | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    747009 | NS      | $224423913.87 | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                    | AstraZeneca PLC                                    | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |   1176944 | NS      | $194135024.19 | 2.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Hoya Corp                                          | Hoya Corp                                          | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               | CORP              | JP        |    761600 | NS      | $123708291.68 | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| CRH PLC                                            | CRH PLC                                            | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |    534776 | NS      | $63691821.60  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software Inc/Canada - Warrants       | Constellation Software Inc/Canada - Warrants       | CUSIP: N/A<br>LEI: 549300B6PYHMCTDWQV29       | Long             | EC               | CORP              | CA        |       500 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Nemetschek SE                                      | Nemetschek SE                                      | CUSIP: N/A<br>LEI: 529900R0S2IX1S358J38       | Long             | EC               | CORP              | DE        |    589089 | NS      | $68069245.16  | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Smith & Nephew PLC                                 | Smith & Nephew PLC                                 | CUSIP: N/A<br>LEI: 213800ZTMDN8S67S1H61       | Long             | EC               | CORP              | GB        |   7852353 | NS      | $145001531.31 | 2.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Ascendis Pharma A/S                                | Ascendis Pharma A/S                                | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |    184698 | NS      | $37235116.80  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ARC Resources Ltd                                  | ARC Resources Ltd                                  | CUSIP: N/A<br>LEI: 5493000OCGNQZEVTDT08       | Long             | EC               | CORP              | CA        |   3823400 | NS      | $70522518.27  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sberbank of Russia PJSC                            | Sberbank of Russia PJSC                            | CUSIP: 80585Y308<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |    194243 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Entain PLC                                         | Entain PLC                                         | CUSIP: N/A<br>LEI: 213800GNI3K45LQR8L28       | Long             | EC               | CORP              | GB        |   9408002 | NS      | $97990852.31  | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnit PJSC                                        | Magnit PJSC                                        | CUSIP: N/A<br>LEI: 2534009KKPTVL99W2Y12       | Long             | EC               | CORP              | RU        |     24200 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                                         | Haleon PLC                                         | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |  39057174 | NS      | $181624607.34 | 2.78%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                                    | ASML Holding NV                                    | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |    241180 | NS      | $255000796.04 | 3.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                                       | Unilever PLC                                       | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |   2638205 | NS      | $158303595.05 | 2.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Erste Group Bank AG                                | Erste Group Bank AG                                | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |   2293733 | NS      | $237604239.39 | 3.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Technip Energies NV                                | Technip Energies NV                                | CUSIP: N/A<br>LEI: 724500FLODI49NSCIP70       | Long             | EC               | CORP              | FR        |    865703 | NS      | $35176873.54  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                          | Argenx SE                                          | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | NL        |     98285 | NS      | $80442705.87  | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Dollarama Inc                                      | Dollarama Inc                                      | CUSIP: N/A<br>LEI: 5493002GJ0NJP1HI0C79       | Long             | EC               | CORP              | CA        |   1176022 | NS      | $152864832.50 | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Sompo Holdings Inc                                 | Sompo Holdings Inc                                 | CUSIP: N/A<br>LEI: 353800CWW4SRGEYEB512       | Long             | EC               | CORP              | JP        |   6774800 | NS      | $206465232.37 | 3.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsonite Group SA                                 | Samsonite Group SA                                 | CUSIP: N/A<br>LEI: 549300UULS5HYFJSEL12       | Long             | EC               | CORP              | US        |  21715800 | NS      | $45409062.31  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| PRADA SpA                                          | PRADA SpA                                          | CUSIP: N/A<br>LEI: 8156000FE0A2DC5B7852       | Long             | EC               | CORP              | IT        |  13212100 | NS      | $77968130.94  | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                               | Tencent Holdings Ltd                               | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | CN        |   3225500 | NS      | $262000148.40 | 4.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Liberty Media Corp-Liberty Formula One - C Shares  | Liberty Media Corp-Liberty Formula One - C Shares  | CUSIP: 531229755<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1365457 | NS      | $136340881.45 | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd                                 | Trip.com Group Ltd                                 | CUSIP: N/A<br>LEI: 2549004RMYDSRQL4KW41       | Long             | EC               | CORP              | SG        |   2002600 | NS      | $140925821.24 | 2.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Teck Resources Ltd                                 | Teck Resources Ltd                                 | CUSIP: N/A<br>LEI: T8KI5SQ2JRWHL7XY0E11       | Long             | EC               | CORP              | CA        |   4621506 | NS      | $198264600.92 | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hannover Rueck SE                                  | Hannover Rueck SE                                  | CUSIP: N/A<br>LEI: 529900KIN5BE45V5KB18       | Long             | EC               | CORP              | DE        |    560476 | NS      | $160003098.86 | 2.45%             |  |  |  | No            |                  2 | On Loan: No      |
| ICON PLC                                           | ICON PLC                                           | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |    707322 | NS      | $121532066.04 | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit SpA                                      | UniCredit SpA                                      | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |   1718959 | NS      | $127282647.94 | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Fujitsu Ltd                                        | Fujitsu Ltd                                        | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               | CORP              | JP        |   5181400 | NS      | $135029644.36 | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Airbus SE                                          | Airbus SE                                          | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | FR        |    740770 | NS      | $182651688.01 | 2.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                | Deutsche Telekom AG                                | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |   7528435 | NS      | $233193606.05 | 3.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncor Energy Inc                                  | Suncor Energy Inc                                  | CUSIP: N/A<br>LEI: 549300W70ZOQDVLCHY06       | Long             | EC               | CORP              | CA        |   4719216 | NS      | $187920725.54 | 2.88%             |  |  |  | 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        |        31 | NS      | $31.03        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                                      | AIA Group Ltd                                      | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |  23058600 | NS      | $224377165.08 | 3.44%             |  |  |  | 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        |   9607716 | NS      | $141218574.58 | 2.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Evraz PLC                                          | Evraz PLC                                          | CUSIP: N/A<br>LEI: 5493005B7DAN39RXLK23       | Long             | EC               | CORP              | RU        |    204000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co Ltd                                    | Nintendo Co Ltd                                    | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |   1683200 | NS      | $143559953.25 | 2.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Weir Group PLC/The                                 | Weir Group PLC/The                                 | CUSIP: N/A<br>LEI: 549300KDR56WHY9I3D10       | Long             | EC               | CORP              | GB        |   2695198 | NS      | $104918289.32 | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Rexel SA                                           | Rexel SA                                           | CUSIP: N/A<br>LEI: 969500N6AVPA51648T62       | Long             | EC               | CORP              | FR        |   2736907 | NS      | $94901821.97  | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Novatek PJSC                                       | Novatek PJSC                                       | CUSIP: N/A<br>LEI: 2138008R6GCRVBDFA581       | Long             | EC               | CORP              | RU        |     67000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                    | BAE Systems PLC                                    | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |   7168055 | NS      | $176573910.55 | 2.70%             |  |  |  | No            |                  2 | On Loan: No      |
| LUKOIL PJSC                                        | LUKOIL PJSC                                        | CUSIP: N/A<br>LEI: 549300LCJ1UJXHYBWI24       | Long             | EC               | CORP              | RU        |     20000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Yum China Holdings Inc                             | Yum China Holdings Inc                             | CUSIP: N/A<br>LEI: 529900DO9BYZ7VA3K502       | Long             | EC               | CORP              | CN        |   4926880 | NS      | $212175648.60 | 3.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Wix.com Ltd                                        | Wix.com Ltd                                        | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |     14297 | NS      | $2080785.38   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                                          | Sanofi SA                                          | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |   1282445 | NS      | $129735194.31 | 1.99%             |  |  |  | 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        |    744000 | NS      | $35979606.21  | 0.55%             |  |  |  | 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        |   2296402 | NS      | $2296401.97   | 0.04%             |  |  |  | No            |                  1 | 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