# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0000898745-26-000066
**Filing Date:** 2026-2
**Character Count:** 6905
**Document Hash:** c27d07c0334856a7f7808732d5d0e7e6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000898745-26-000066.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0000898745-26-000066

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**EFFECTIVENESS DATE**: 20260217

**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:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-59474
- **FILM NUMBER:** 26638843

**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

### Global Listed Infrastructure Fund (formerly, Global Sustainable Listed Infrastructure Fund) (Series ID: S000077513)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Institutional Class | PGSLX         | C000237990 |

---

## Series and Classes Contracts Data

### Global Listed Infrastructure Fund (formerly, Global Sustainable Listed Infrastructure Fund) (Series ID: S000077513)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000237990 | Institutional Class | PGSLX           |

**Principal Funds, Inc.**

**Supplement dated February 17, 2026**

**to the Prospectus dated December 31, 2025 (as previously supplemented)** 

**and the Statement of Additional Information dated December 31, 2025**

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

The changes described below are being made to the Prospectus.

**SUMMARY FOR GLOBAL LISTED INFRASTRUCTURE FUND**

*Delete all references to* Principal Real Estate Investors, LLC. *Additionally, delete all references to "sub-advisor" and replace with "advisor."*

*Delete the* **Investment Advisor** *and* **Sub-Advisor and Portfolio Manager** *sections and replace with the following:*

**Investment Advisor and Portfolio Managers**

Principal Global Investors, LLC

• Emily Foshag (since 2022), Portfolio Manager

• Alex Mottershead (since 2024), Portfolio Manager

**MANAGEMENT OF THE FUNDS**

*Under* **The Manager and Advisor***, add the following alphabetically to the list of* **Funds** *in the* **Advisor** *section:*

*•* Global Listed Infrastructure Fund

*Under* **The Manager and Advisor***, add the following alphabetically to the list of portfolio managers:*

**Emily Foshag** has been with Principal<sup>®</sup> since 2019. She earned a bachelor's degree in Accounting from New York University and an M.S. degree with distinction from New York University with a concentration in global energy and environmental policy. Ms. Foshag has earned the right to use the Chartered Financial Analyst designation.

**Alex Mottershead** has been with Principal<sup>®</sup> since 2019. He earned a Masters of Arts from the University of Oxford. Mr. Mottershead has earned the right to use the Chartered Financial Analyst designation.

*Under* **The Sub-Advisors***, delete the* **Sub-Advisor: Principal Real Estate Investors, LLC** *section and replace with the following:* 

---

| | |
|:---|:---|
| **Sub-Advisor:** | **Principal Real Estate Investors, LLC** (doing business as Principal Real Estate) ("Principal-REI"), 711 High Street, Des Moines, IA 50392, was founded in 2000 and manages commercial real estate across the spectrum of public and private equity and debt investments, primarily for institutional investors. |
| **Fund(s):** | a portion of Diversified Real Asset (real estate strategy) |

---

------

The changes described below are being made to the Statement of Additional Information.

**INVESTMENT ADVISORY AND OTHER SERVICES**

*Under the* **Sub-Advisors***, delete the* **Sub-Advisor: Principal Real Estate Investors, LLC** *section and replace with the following:* 

---

| | |
|:---|:---|
| **Sub-Advisor:** | **Principal Real Estate Investors, LLC** (doing business as Principal Real Estate) ("Principal-REI") is an indirect subsidiary of Principal Financial Group, Inc.  |
| **Fund(s):** | a portion of the assets of Diversified Real Asset |

---

**PORTFOLIO MANAGER DISCLOSURE** 

*Under* **Advisor: Principal Global Investors, LLC (Principal Equities Portfolio Managers)**, *add the following alphabetically to the* **Other Accounts Managed** *table:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Other Accounts Managed** | **Other Accounts Managed** | **Other Accounts Managed** | **Other Accounts Managed** |
| | **Total Number <br>of Accounts** | **Total Assets <br>in the Accounts** | **Number of** <br>**Accounts that base** <br>**the Advisory Fee** <br>**on Performance** | **Total Assets of the Accounts that base the Advisory Fee** <br>**on Performance** |
| **Emily Foshag:** Global Listed Infrastructure Fund  | **Emily Foshag:** Global Listed Infrastructure Fund  | **Emily Foshag:** Global Listed Infrastructure Fund  | **Emily Foshag:** Global Listed Infrastructure Fund  | **Emily Foshag:** Global Listed Infrastructure Fund  |
| Registered investment companies | 1 | $123.5 million | 0 | $0 |
| Other pooled investment vehicles | 0 | $0 | 0 | $0 |
| Other accounts | 0 | $0 | 0 | $0 |
| **Alex Mottershead:** Global Listed Infrastructure Fund | **Alex Mottershead:** Global Listed Infrastructure Fund | **Alex Mottershead:** Global Listed Infrastructure Fund | **Alex Mottershead:** Global Listed Infrastructure Fund | **Alex Mottershead:** Global Listed Infrastructure Fund |
| Registered investment companies | 1 | $123.5 million | 0 | $0 |
| Other pooled investment vehicles | 0 | $0 | 0 | $0 |
| Other accounts | 0 | 0 | 0 | $0 |

---

*Under* **Advisor: Principal Global Investors, LLC (Principal Equities Portfolio Managers)**, *add the following alphabetically to the* **Ownership of Securities** *table:*

**Ownership of Securities**

---

| | | |
|:---|:---|:---|
| **Portfolio Manager** | **PFI Funds Managed by Portfolio Manager** | **Dollar Range of Securities <br>Owned by the Portfolio Manager** |
| Emily Foshag  | Global Listed Infrastructure | Over $1,000,000 |
| Alex Mottershead | Global Listed Infrastructure | $100001 - $500000 |

---

*Delete the section titled* **Sub-Advisor: Principal Real Estate Investors, LLC**.