# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0001752724-23-064781
**Filing Date:** 2023-3
**Character Count:** 51152
**Document Hash:** dbd09aaa11a6715098d306972275a2b6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-064781.hdr.sgml**: 20230324

**ACCESSION NUMBER**: 0001752724-23-064781

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230324

**DATE AS OF CHANGE**: 20230324

**PERIOD START**: 20231031

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07572
- **FILM NUMBER:** 23757937

**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

### Global Real Estate Securities Fund (Series ID: S000019119)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000052887 | Class A             | POSAX           |
| C000052889 | Institutional Class | POSIX           |
| C000149262 | R-6                 | PGRSX           |
| C000167005 | R-3                 | PGRKX           |
| C000167006 | R-4                 | PGRVX           |
| C000167007 | R-5                 | PGRUX           |

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## 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:** Global Real Estate Securities Fund

- **b. EDGAR series identifier (if any):** S000019119

- **c. LEI of Series:** 549300RURQIM2C42MH06

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $2378871308.38

**Total Liabilities:** $10912741.57

**Net Assets:** $2367958566.81

**Cash Not Reported:** $1542600.38

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000167006 | 7.56%                | -3.53%               | 9.32%                |
| Class ID C000149262 | 7.64%                | -3.50%               | 9.42%                |
| Class ID C000052887 | 7.67%                | -3.59%               | 9.34%                |
| Class ID C000167007 | 7.54%                | -3.53%               | 9.44%                |
| Class ID C000167005 | 7.58%                | -3.61%               | 9.33%                |
| Class ID C000052889 | 7.65%                | -3.47%               | 9.30%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-23252766.31            | $186197187.94                              |
| Month 2  | $-7581736.19             | $-83084380.79                              |
| Month 3  | $1363919.07              | $202962422.57                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VICI Properties Inc                                | VICI Properties Inc                                | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |   2128396 | NS      | $72748575.28  | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc                             | Cousins Properties Inc                             | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |    681386 | NS      | $18683604.12  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                                 | Equity Residential                                 | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |    203026 | NS      | $12922604.90  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp                               | Regency Centers Corp                               | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |    526565 | NS      | $35085025.95  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Segro PLC                                          | Segro PLC                                          | CUSIP: N/A<br>LEI: 213800XC35KGM9NFC641       | Long             | EC               | CORP              | GB        |   4361768 | NS      | $44898237.18  | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Apartment Income REIT Corp                         | Apartment Income REIT Corp                         | CUSIP: 03750L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    678714 | NS      | $25967597.64  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Hall Group                                 | Charter Hall Group                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1006414 | NS      | $9909753.52   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Link REIT                                          | Link REIT                                          | CUSIP: N/A<br>LEI: 529900XUE70U36QX5M62       | Long             | EC               | CORP              | HK        |   5150800 | NS      | $41228895.97  | 1.74%             |  |  |  | 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        |  57162414 | NS      | $57162414.19  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Allied Properties Real Estate Investment Trust     | Allied Properties Real Estate Investment Trust     | CUSIP: N/A<br>LEI: 549300AMZMPKVHA0MY77       | Long             | EC               | CORP              | CA        |   1162039 | NS      | $25921098.43  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT Inc                         | Sabra Health Care REIT Inc                         | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |   1067881 | NS      | $14416393.50  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CapitaLand Integrated Commercial Trust             | CapitaLand Integrated Commercial Trust             | CUSIP: N/A<br>LEI: 54930031292WUTXF0L29       | Long             | EC               | CORP              | SG        |  21040218 | NS      | $34424634.46  | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Big Yellow Group PLC                               | Big Yellow Group PLC                               | CUSIP: N/A<br>LEI: 213800W7Q4V2ZI8LIW31       | Long             | EC               | CORP              | GB        |    660534 | NS      | $9851985.17   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Gaming and Leisure Properties Inc                  | Gaming and Leisure Properties Inc                  | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |    522405 | NS      | $27980011.80  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Hongkong Land Holdings Ltd                         | Hongkong Land Holdings Ltd                         | CUSIP: N/A<br>LEI: 213800XCHYNRPAYGXW28       | Long             | EC               | CORP              | HK        |    415629 | NS      | $2031916.66   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Healthcare Realty Trust Inc                        | Healthcare Realty Trust Inc                        | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |   1086385 | NS      | $23389869.05  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                          | CubeSmart                                          | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1014085 | NS      | $46434952.15  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp                                 | Kilroy Realty Corp                                 | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |    520057 | NS      | $21343139.28  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Great Portland Estates PLC                         | Great Portland Estates PLC                         | CUSIP: N/A<br>LEI: 213800JMEDD2Q4N1MC42       | Long             | EC               | CORP              | GB        |    521747 | NS      | $3670027.31   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Agree Realty Corp                                  | Agree Realty Corp                                  | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    308657 | NS      | $23035071.91  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Real Estate Master Fund Inc                 | Nomura Real Estate Master Fund Inc                 | CUSIP: N/A<br>LEI: 353800TNNZOQ1CPZE086       | Long             | EC               | CORP              | JP        |      1521 | NS      | $1778756.25   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Extra Space Storage Inc                            | Extra Space Storage Inc                            | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    460177 | NS      | $72629735.91  | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Stockland                                          | Stockland                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   3384893 | NS      | $9458314.20   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Aedifica SA                                        | Aedifica SA                                        | CUSIP: N/A<br>LEI: 529900DTKNXL0AXQFN28       | Long             | EC               | CORP              | BE        |    146329 | NS      | $12840619.18  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Castellum AB                                       | Castellum AB                                       | CUSIP: N/A<br>LEI: 549300GU5OHTR1T5IY68       | Long             | EC               | CORP              | SE        |    605238 | NS      | $8304511.60   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellnex Telecom SA - Rights                        | Cellnex Telecom SA - Rights                        | CUSIP: N/A<br>LEI: 5493008T4YG3AQUI7P67       | Long             | EC               | CORP              | ES        |    278118 | NS      | $10898846.18  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiwa House REIT Investment Corp                   | Daiwa House REIT Investment Corp                   | CUSIP: N/A<br>LEI: 3538001FWU534P8JMO05       | Long             | EC               | CORP              | JP        |      8329 | NS      | $18121689.52  | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| First Industrial Realty Trust Inc                  | First Industrial Realty Trust Inc                  | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    817856 | NS      | $43632617.60  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                                | Sun Communities Inc                                | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |    373402 | NS      | $58571837.72  | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp                                | Terreno Realty Corp                                | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    195084 | NS      | $12569262.12  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Medical Properties Trust Inc                       | Medical Properties Trust Inc                       | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               | CORP              | US        |   1314234 | NS      | $17019330.30  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Merlin Properties Socimi SA                        | Merlin Properties Socimi SA                        | CUSIP: N/A<br>LEI: 959800L8KD863DP30X04       | Long             | EC               | CORP              | ES        |   2080090 | NS      | $20327961.29  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Gecina SA                                          | Gecina SA                                          | CUSIP: N/A<br>LEI: 9695003E4MMA10IBTR26       | Long             | EC               | CORP              | FR        |    163428 | NS      | $19357918.86  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Wihlborgs Fastigheter AB                           | Wihlborgs Fastigheter AB                           | CUSIP: N/A<br>LEI: 549300RC1YDJPITF8X06       | Long             | EC               | CORP              | SE        |   1070655 | NS      | $8814831.33   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Scentre Group                                      | Scentre Group                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  10029965 | NS      | $21763125.99  | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Asset Holdings Ltd                              | CK Asset Holdings Ltd                              | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | HK        |   4091000 | NS      | $26155851.53  | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinix Inc                                        | Equinix Inc                                        | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     68782 | NS      | $50770057.66  | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                           | Digital Realty Trust Inc                           | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |    456392 | NS      | $52311651.04  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitaland Investment Ltd/Singapore                | Capitaland Investment Ltd/Singapore                | CUSIP: N/A<br>LEI: 254900AT4UQDU7SNXX49       | Long             | EC               | CORP              | SG        |   8840100 | NS      | $26782064.66  | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Welltower Inc                                      | Welltower Inc                                      | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               | CORP              | US        |    804340 | NS      | $60357673.60  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                       | Prologis Inc                                       | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    835313 | NS      | $107989264.64 | 4.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc                           | Essex Property Trust Inc                           | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |    246247 | NS      | $55669059.29  | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Mori Hills REIT Investment Corp                    | Mori Hills REIT Investment Corp                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      8870 | NS      | $10079308.02  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Summit Industrial Income REIT                      | Summit Industrial Income REIT                      | CUSIP: N/A<br>LEI: 2549002JNRHTJ9H0MR86       | Long             | EC               | CORP              | CA        |   1435137 | NS      | $24678467.22  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors Inc                       | Sunstone Hotel Investors Inc                       | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |   1794725 | NS      | $19724027.75  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Safestore Holdings PLC                             | Safestore Holdings PLC                             | CUSIP: N/A<br>LEI: 213800WGA3YSJC1YOH73       | Long             | EC               | CORP              | GB        |   1729952 | NS      | $21540816.82  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity FedFund - Institutional Class  | BlackRock Liquidity FedFund - Institutional Class  | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |       943 | NS      | $942.57       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Inmobiliaria Colonial Socimi SA                    | Inmobiliaria Colonial Socimi SA                    | CUSIP: N/A<br>LEI: 95980020140005007414       | Long             | EC               | CORP              | ES        |   2388771 | NS      | $17423036.16  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities Inc                | Alexandria Real Estate Equities Inc                | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |    355258 | NS      | $57104170.92  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                                | American Tower Corp                                | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |    276865 | NS      | $61848872.35  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Estate Co Ltd                           | Mitsubishi Estate Co Ltd                           | CUSIP: N/A<br>LEI: 353800KOFMRGOXSJ5Z65       | Long             | EC               | CORP              | JP        |   2596900 | NS      | $33378271.64  | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Prologis Property Mexico SA de CV                  | Prologis Property Mexico SA de CV                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |   3525382 | NS      | $11496970.80  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| GPT Group/The                                      | GPT Group/The                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   6091352 | NS      | $19745378.51  | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial & Infrastructure Fund Investment Corp   | Industrial & Infrastructure Fund Investment Corp   | CUSIP: N/A<br>LEI: 353800WCHFY04YKYCI19       | Long             | EC               | CORP              | JP        |     14909 | NS      | $16522745.94  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Saul Centers Inc                                   | Saul Centers Inc                                   | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    194676 | NS      | $8334079.56   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Fudosan Co Ltd                              | Mitsui Fudosan Co Ltd                              | CUSIP: N/A<br>LEI: 353800ND4ZKNZDYKMF33       | Long             | EC               | CORP              | JP        |   2396093 | NS      | $44911550.13  | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXTDC Ltd                                         | NEXTDC Ltd                                         | CUSIP: N/A<br>LEI: 529900RTERU3X7G3D672       | Long             | EC               | CORP              | AU        |   1836163 | NS      | $12976342.90  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Boston Properties Inc                              | Boston Properties Inc                              | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |     11600 | NS      | $864664.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                                         | Ventas Inc                                         | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |   1374564 | NS      | $71216160.84  | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa Office Investment Corp                       | Daiwa Office Investment Corp                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3999 | NS      | $18831304.99  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| InterRent Real Estate Investment Trust             | InterRent Real Estate Investment Trust             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    936120 | NS      | $10138280.56  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Accommodations Fund Inc                     | Nippon Accommodations Fund Inc                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       650 | NS      | $2917473.94   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Mapletree Industrial Trust                         | Mapletree Industrial Trust                         | CUSIP: N/A<br>LEI: 549300R7WZFHXNKDJF41       | Long             | EC               | CORP              | SG        |   7524200 | NS      | $13674125.32  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| GLP J-Reit                                         | GLP J-Reit                                         | CUSIP: N/A<br>LEI: 353800E27V9KA51K2I90       | Long             | EC               | CORP              | JP        |     16008 | NS      | $18114031.33  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| American Homes 4 Rent                              | American Homes 4 Rent                              | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |   1485621 | NS      | $50941944.09  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Vonovia SE                                         | Vonovia SE                                         | CUSIP: N/A<br>LEI: 5299005A2ZEP6AP7KM81       | Long             | EC               | CORP              | DE        |   1628068 | NS      | $45989315.62  | 1.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Invitation Homes Inc                               | Invitation Homes Inc                               | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1897190 | NS      | $61658675.00  | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodman Group                                      | Goodman Group                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   2159736 | NS      | $30805614.94  | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadstone Net Lease Inc                           | Broadstone Net Lease Inc                           | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |   1224368 | NS      | $22173304.48  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Hung Kai Properties Ltd                        | Sun Hung Kai Properties Ltd                        | CUSIP: N/A<br>LEI: 529900LUMD393RD3S874       | Long             | EC               | CORP              | HK        |   4069500 | NS      | $57712155.70  | 2.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Metropolitan Fund Invest                     | Japan Metropolitan Fund Invest                     | CUSIP: N/A<br>LEI: 353800QDHNIP60E1LQ93       | Long             | EC               | CORP              | JP        |     41268 | NS      | $31903650.75  | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Sekisui House Reit Inc                             | Sekisui House Reit Inc                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     19276 | NS      | $10537495.26  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Wharf Real Estate Investment Co Ltd                | Wharf Real Estate Investment Co Ltd                | CUSIP: N/A<br>LEI: 529900QLPKS8U9QOPB59       | Long             | EC               | CORP              | HK        |   1368000 | NS      | $7831343.12   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Apartment Properties REIT                 | Canadian Apartment Properties REIT                 | CUSIP: N/A<br>LEI: 549300B1MYVTQEB2DI90       | Long             | EC               | CORP              | CA        |    617976 | NS      | $22851015.90  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Klepierre SA                                       | Klepierre SA                                       | CUSIP: N/A<br>LEI: 969500PB4U31KEFHZ621       | Long             | EC               | CORP              | FR        |    925182 | NS      | $23481341.24  | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Fabege AB                                          | Fabege AB                                          | CUSIP: N/A<br>LEI: 549300JNPI46XNH0PM97       | Long             | EC               | CORP              | SE        |   1163774 | NS      | $10999059.81  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Marriott Vacations Worldwide Corp                  | Marriott Vacations Worldwide Corp                  | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |    100972 | NS      | $16159558.88  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc                          | AvalonBay Communities Inc                          | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |    405858 | NS      | $72015443.52  | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                           | Simon Property Group Inc                           | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |    104689 | NS      | $13448348.94  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITE Group PLC/The                                | UNITE Group PLC/The                                | CUSIP: N/A<br>LEI: 213800BBUUWVDH9YI827       | Long             | EC               | CORP              | GB        |   1207090 | NS      | $14870285.37  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Rexford Industrial Realty Inc                      | Rexford Industrial Realty Inc                      | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |   1054387 | NS      | $66921942.89  | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc                    | Equity LifeStyle Properties Inc                    | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |    579018 | NS      | $41561912.04  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

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

**Signature:** Megan Hoffmann

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

**Title:** Vice President and Controller