# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0001752724-25-150705
**Filing Date:** 2025-6
**Character Count:** 30804
**Document Hash:** 4b22ef8262d5ea8c9ef4c037b23cfd85
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-150705.hdr.sgml**: 20250623

**ACCESSION NUMBER**: 0001752724-25-150705

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250623

**DATE AS OF CHANGE**: 20250623

**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:** 251063749

**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

### MidCap Fund (f/k/a MidCap Blend Fund) (Series ID: S000007075)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000019312 | R-3                 | PMBMX           |
| C000019313 | R-5                 | PMBPX           |
| C000019315 | Institutional Class | PCBIX           |
| C000019316 | Class J             | PMBJX           |
| C000019317 | Class A             | PEMGX           |
| C000038781 | Class C             | PMBCX           |
| C000175482 | R-6                 | PMAQX           |

## 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:** MidCap Fund

- **b. EDGAR series identifier (if any):** S000007075

- **c. LEI of Series:** 549300D8KHZ8MDOZYC94

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $29512801240.96

**Total Liabilities:** $25240225.31

**Net Assets:** $29487561015.65

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000019313 | -1.25%               | -4.19%               | -0.55%               |
| Class ID C000019312 | -1.28%               | -4.22%               | -0.57%               |
| Class ID C000019315 | -1.24%               | -4.19%               | -0.54%               |
| Class ID C000019317 | -1.27%               | -4.20%               | -0.54%               |
| Class ID C000019316 | -1.26%               | -4.20%               | -0.54%               |
| Class ID C000038781 | -1.33%               | -4.26%               | -0.63%               |
| Class ID C000175482 | -1.23%               | -4.18%               | -0.52%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $247681156.33            | $-632674984.77                             |
| Month 2  | $75860536.57             | $-1334363548.06                            |
| Month 3  | $45501291.05             | $-192046050.73                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Martin Marietta Materials Inc                      | Martin Marietta Materials Inc                      | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |   1458046 | NS      | $763986943.08  | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                                  | Veeva Systems Inc                                  | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |   2212076 | NS      | $516940040.44  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp                                    | Brookfield Corp                                    | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |  27843947 | NS      | $1494384635.49 | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International Inc                   | Mettler-Toledo International Inc                   | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |    225854 | NS      | $241792516.78  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp                                       | Veralto Corp                                       | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |    605003 | NS      | $58019787.70   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                                       | VeriSign Inc                                       | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      7218 | NS      | $2036342.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CarMax Inc                                         | CarMax Inc                                         | CUSIP: 143130102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3971301 | NS      | $256824035.67  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Asset Management Ltd                    | Brookfield Asset Management Ltd                    | CUSIP: 113004105<br>LEI: 549300CZ84WPNJZKY093 | Long             | EC               | CORP              | US        |   4911103 | NS      | $261909122.99  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                               | Verisk Analytics Inc                               | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |    726240 | NS      | $215279323.20  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Perimeter Solutions Inc                            | Perimeter Solutions Inc                            | CUSIP: 71385M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   8056257 | NS      | $81609883.41   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                               | Progressive Corp/The                               | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |   1138297 | NS      | $320703796.78  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp - A Shares                             | Lennar Corp - A Shares                             | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |   2107882 | NS      | $228937064.02  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                            | O'Reilly Automotive Inc                            | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |    988655 | NS      | $1399144556.00 | 4.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Wealth Solutions Ltd                    | Brookfield Wealth Solutions Ltd                    | CUSIP: G17434104<br>LEI: 9845004583U3B8E06924 | Long             | EC               | CORP              | CA        |    156328 | NS      | $8388560.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| ANSYS Inc                                          | ANSYS Inc                                          | CUSIP: 03662Q105<br>LEI: 549300VJV8H15Z5FJ571 | Long             | EC               | CORP              | US        |    347962 | NS      | $112002008.56  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                                          | Toast Inc                                          | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |   4249838 | NS      | $151209236.04  | 0.51%             |  |  |  | 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        |   3333955 | NS      | $3333954.85    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co                            | Arthur J Gallagher & Co                            | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |   1119818 | NS      | $359114434.42  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Appfolio Inc                                       | Appfolio Inc                                       | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |    401191 | NS      | $82853965.32   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Jack Henry & Associates Inc                        | Jack Henry & Associates Inc                        | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |    191711 | NS      | $33248438.73   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co                                | Vulcan Materials Co                                | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |   4408565 | NS      | $1156498856.45 | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc                         | LPL Financial Holdings Inc                         | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |    987045 | NS      | $315647120.55  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc                                   | Vail Resorts Inc                                   | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |   1196643 | NS      | $166572705.60  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Renewable Partners LP                   | Brookfield Renewable Partners LP                   | CUSIP: G16258108<br>LEI: VA8DFMRI2GY8Y7V79H93 | Long             | EC               | CORP              | CA        |   7549017 | NS      | $173929351.68  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                             | Roper Technologies Inc                             | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |   1270285 | NS      | $711461222.80  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                                        | Gartner Inc                                        | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |   1268146 | NS      | $533990917.68  | 1.81%             |  |  |  | No            |                  1 | 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        |   5498162 | NS      | $487522024.54  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp                               | Ares Management Corp                               | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |   2608750 | NS      | $397912637.50  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                                  | Brown & Brown Inc                                  | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |   9478642 | NS      | $1048337805.20 | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc                             | IDEXX Laboratories Inc                             | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |    568615 | NS      | $246011279.75  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc                      | Live Nation Entertainment Inc                      | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |   5714072 | NS      | $756828836.40  | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd                             | Arch Capital Group Ltd                             | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |   5796560 | NS      | $525632060.80  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc                             | Tyler Technologies Inc                             | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |    896442 | NS      | $487036938.60  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc                     | Air Products and Chemicals Inc                     | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |    851689 | NS      | $230884371.01  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund - Institutional Class  | BlackRock Liquidity FedFund - Institutional Class  | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |    403548 | NS      | $403547.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                                       | Moody's Corp                                       | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |    195617 | NS      | $88637975.04   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                                           | MSCI Inc                                           | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |   1018451 | NS      | $555167824.61  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                                | TransDigm Group Inc                                | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1091286 | NS      | $1542063508.02 | 5.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Live - C Shares         | Liberty Media Corp-Liberty Live - C Shares         | CUSIP: 531229722<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    157552 | NS      | $11266543.52   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc                                   | CoStar Group Inc                                   | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |  10945165 | NS      | $811802888.05  | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp - B Shares                             | Lennar Corp - B Shares                             | CUSIP: 526057302<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     38636 | NS      | $3993803.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                                       | Entegris Inc                                       | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |   3504905 | NS      | $277308083.60  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| CCC Intelligent Solutions Holdings Inc             | CCC Intelligent Solutions Holdings Inc             | CUSIP: 12510Q100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |  20804380 | NS      | $192648558.80  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                      | Hilton Worldwide Holdings Inc                      | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |   5700641 | NS      | $1285380532.68 | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Wix.com Ltd                                        | Wix.com Ltd                                        | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |    706664 | NS      | $119843147.76  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties Inc                            | Millrose Properties Inc                            | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1020102 | NS      | $25543354.08   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR Inc                                            | NVR Inc                                            | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |     45507 | NS      | $324271505.25  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Seaport Entertainment Group Inc                    | Seaport Entertainment Group Inc                    | CUSIP: 812215200<br>LEI: 2549006G3SN205YAST27 | Long             | EC               | CORP              | US        |     16812 | NS      | $321949.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| CBRE Group Inc                                     | CBRE Group Inc                                     | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |   6189731 | NS      | $756261333.58  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                          | Graco Inc                                          | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |   1486505 | NS      | $121313673.05  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Formula One - A Shares  | Liberty Media Corp-Liberty Formula One - A Shares  | CUSIP: 531229771<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    505651 | NS      | $40730188.05   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumine Group Inc                                   | Lumine Group Inc                                   | CUSIP: 55027C106<br>LEI: 984500E3C44B9D44M738 | Long             | EC               | CORP              | CA        |    329031 | NS      | $10674259.19   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc                         | Floor & Decor Holdings Inc                         | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |   2368217 | NS      | $169185422.48  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc                                 | Domino's Pizza Inc                                 | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |   1189822 | NS      | $583453014.14  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                                       | KKR & Co Inc                                       | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |   9668671 | NS      | $1104839035.17 | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Infrastructure Partners LP              | Brookfield Infrastructure Partners LP              | CUSIP: G16252101<br>LEI: 549300WEH5R2OODI7Y90 | Long             | EC               | CORP              | BM        |  25058456 | NS      | $752004264.56  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp - Class A                               | HEICO Corp - Class A                               | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |   7044419 | NS      | $1415435109.67 | 4.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Live - A Shares         | Liberty Media Corp-Liberty Live - A Shares         | CUSIP: 531229748<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21874 | NS      | $1530742.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Group Inc                                   | Markel Group Inc                                   | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |    411265 | NS      | $747926529.00  | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                                         | AMETEK Inc                                         | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |   1258117 | NS      | $213351480.86  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                                    | Ross Stores Inc                                    | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |   1264337 | NS      | $175742843.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                                        | Fastenal Co                                        | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |   4338208 | NS      | $351264701.76  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| W R Berkley Corp                                   | W R Berkley Corp                                   | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |   3488575 | NS      | $250095941.75  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                                    | Fair Isaac Corp                                    | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |    224388 | NS      | $446460315.84  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                            | Sherwin-Williams Co/The                            | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |    309174 | NS      | $109113688.08  | 0.37%             |  |  |  | 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        |    143533 | NS      | $0.00          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Constellation Software Inc/Canada                  | Constellation Software Inc/Canada                  | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |    166481 | NS      | $599194253.18  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                         | Copart Inc                                         | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |  24510861 | NS      | $1495897846.83 | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc                        | Ryan Specialty Holdings Inc                        | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2343043 | NS      | $153492746.93  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyatt Hotels Corp                                  | Hyatt Hotels Corp                                  | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |   2163511 | NS      | $243784419.48  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Renewable Corp                          | Brookfield Renewable Corp                          | CUSIP: 11285B108<br>LEI: 894500N9AWD5I1YNP231 | Long             | EC               | CORP              | US        |   2480242 | NS      | $70587687.32   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies Inc                           | Procore Technologies Inc                           | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |   2132580 | NS      | $136677052.20  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                              | Waste Connections Inc                              | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |   1478688 | NS      | $292233109.44  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp                                        | Waters Corp                                        | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |    492482 | NS      | $171250765.86  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-29

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

**Signature:** Megan Hoffmann

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

**Title:** Vice President and Controller