# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0000898745-25-000845
**Filing Date:** 2025-12
**Character Count:** 30100
**Document Hash:** e6a6f4eb55d9e2e3a26f5ec76cff8a02
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000898745-25-000845.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0000898745-25-000845

**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:** 251596260

**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 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           |
| C000167007 | R-5                 | PGRUX           |

## 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:** 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:** $1606552811.64

**Total Liabilities:** $6528502.89

**Net Assets:** $1600024308.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000149262 | 4.11%                | 0.71%                | -1.51%               |
| Class ID C000052887 | 4.14%                | 0.55%                | -1.54%               |
| Class ID C000167007 | 4.01%                | 0.61%                | -1.51%               |
| Class ID C000167005 | 4.05%                | 0.61%                | -1.53%               |
| Class ID C000052889 | 4.11%                | 0.61%                | -1.51%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8901693.10              | $53536566.67                               |
| Month 2  | $606198.38               | $2258664.05                                |
| Month 3  | $893504.23               | $-24579380.28                              |

### 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        |   1371839 | NS      | $41141451.61  | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc                             | Cousins Properties Inc                             | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |    566911 | NS      | $14700002.23  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp                               | Regency Centers Corp                               | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |    476766 | NS      | $32873015.70  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Segro PLC                                          | Segro PLC                                          | CUSIP: N/A<br>LEI: 213800XC35KGM9NFC641       | Long             | EC               | CORP              | GB        |    892971 | NS      | $8194221.03   | 0.51%             |  |  |  | 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        |  20824898 | NS      | $20824898.17  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc                           | EastGroup Properties Inc                           | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |    134693 | NS      | $23507969.29  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT Inc                         | Sabra Health Care REIT Inc                         | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |   1353617 | NS      | $24121454.94  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT Inc                       | American Healthcare REIT Inc                       | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |    369263 | NS      | $16734999.16  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CapitaLand Integrated Commercial Trust             | CapitaLand Integrated Commercial Trust             | CUSIP: N/A<br>LEI: 54930031292WUTXF0L29       | Long             | EC               | CORP              | SG        |   9586200 | NS      | $17427624.69  | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Keppel DC REIT                                     | Keppel DC REIT                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |   7814871 | NS      | $14339783.94  | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Gaming and Leisure Properties Inc                  | Gaming and Leisure Properties Inc                  | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |    418590 | NS      | $18694229.40  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp                                 | Kilroy Realty Corp                                 | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |    337079 | NS      | $14241587.75  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Swire Properties Ltd                               | Swire Properties Ltd                               | CUSIP: N/A<br>LEI: 5299001L12PHYVQ92465       | Long             | EC               | CORP              | HK        |   4650800 | NS      | $12670059.90  | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Centurion Accommodation Reit                       | Centurion Accommodation Reit                       | CUSIP: N/A<br>LEI: 254900NE2W0T2HDOXF24       | Long             | EC               | CORP              | SG        |   5701469 | NS      | $4643175.43   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Extra Space Storage Inc                            | Extra Space Storage Inc                            | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    456818 | NS      | $61003475.72  | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Stockland                                          | Stockland                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   8408291 | NS      | $34763121.46  | 2.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Real Estate Investment Corp                  | Japan Real Estate Investment Corp                  | CUSIP: N/A<br>LEI: 3538003YAIR3CBGJJ928       | Long             | EC               | CORP              | JP        |      7429 | NS      | $6127241.23   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| City Developments Ltd                              | City Developments Ltd                              | CUSIP: N/A<br>LEI: 254900BPLPJS0RJ72373       | Long             | EC               | CORP              | SG        |   1091200 | NS      | $6061026.64   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Iron Mountain Inc                                  | Iron Mountain Inc                                  | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |    146551 | NS      | $15087425.45  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastighets AB Balder                               | Fastighets AB Balder                               | CUSIP: N/A<br>LEI: 549300GHKJCEZOAEUU82       | Long             | EC               | CORP              | SE        |   2516099 | NS      | $18455267.62  | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Americold Realty Trust Inc                         | Americold Realty Trust Inc                         | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               | CORP              | US        |    484042 | NS      | $6239301.38   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellnex Telecom SA                                 | Cellnex Telecom SA                                 | CUSIP: N/A<br>LEI: 5493008T4YG3AQUI7P67       | Long             | EC               | CORP              | ES        |    292865 | NS      | $9117356.64   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| COPT Defense Properties                            | COPT Defense Properties                            | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |    251151 | NS      | $7074923.67   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa House REIT Investment Corp                   | Daiwa House REIT Investment Corp                   | CUSIP: N/A<br>LEI: 3538001FWU534P8JMO05       | Long             | EC               | CORP              | JP        |     11674 | NS      | $10060063.23  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Mirvac Group                                       | Mirvac Group                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  12819034 | NS      | $19298142.08  | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Unibail-Rodamco-Westfield                          | Unibail-Rodamco-Westfield                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FR        |    325940 | NS      | $33703101.42  | 2.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Advance Residence Investment Corp                  | Advance Residence Investment Corp                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      6167 | NS      | $6675002.32   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| TAG Immobilien AG                                  | TAG Immobilien AG                                  | CUSIP: N/A<br>LEI: 529900TAE68USJNXLR59       | Long             | EC               | CORP              | DE        |    518069 | NS      | $8600381.92   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Merlin Properties Socimi SA                        | Merlin Properties Socimi SA                        | CUSIP: N/A<br>LEI: 959800L8KD863DP30X04       | Long             | EC               | CORP              | ES        |   1014582 | NS      | $15805359.00  | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Gecina SA                                          | Gecina SA                                          | CUSIP: N/A<br>LEI: 9695003E4MMA10IBTR26       | Long             | EC               | CORP              | FR        |     36219 | NS      | $3365863.15   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| LEG Immobilien SE                                  | LEG Immobilien SE                                  | CUSIP: N/A<br>LEI: 391200SO40AKONBO0Z96       | Long             | EC               | CORP              | DE        |    232562 | NS      | $17724465.27  | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinix Inc                                        | Equinix Inc                                        | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |    122604 | NS      | $103724210.04 | 6.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                           | Digital Realty Trust Inc                           | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |    198656 | NS      | $33852968.96  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                                      | Welltower Inc                                      | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |    654700 | NS      | $118526888.00 | 7.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                       | Prologis Inc                                       | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    613110 | NS      | $76080819.90  | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Invincible Investment Corp                         | Invincible Investment Corp                         | CUSIP: N/A<br>LEI: 353800JY6M2692VAV685       | Long             | EC               | CORP              | JP        |     15706 | NS      | $7017345.69   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Essex Property Trust Inc                           | Essex Property Trust Inc                           | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |    107228 | NS      | $26996793.56  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                          | Healthpeak Properties Inc                          | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |   1747015 | NS      | $31358919.25  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire State Realty Trust Inc                      | Empire State Realty Trust Inc                      | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |   1037038 | NS      | $7663710.82   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Safestore Holdings PLC                             | Safestore Holdings PLC                             | CUSIP: N/A<br>LEI: 213800WGA3YSJC1YOH73       | Long             | EC               | CORP              | GB        |   1149498 | NS      | $10805021.47  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Warehouses De Pauw CVA                             | Warehouses De Pauw CVA                             | CUSIP: N/A<br>LEI: 549300HWDYC5JXC85138       | Long             | EC               | CORP              | BE        |    499285 | NS      | $12679135.31  | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Chartwell Retirement Residences                    | Chartwell Retirement Residences                    | CUSIP: N/A<br>LEI: 549300M7UBEIZBWP4069       | Long             | EC               | CORP              | CA        |    542310 | NS      | $7992262.45   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Building Fund Inc                           | Nippon Building Fund Inc                           | CUSIP: N/A<br>LEI: 52990053R8NL2MB32172       | Long             | EC               | CORP              | JP        |     16660 | NS      | $15376594.03  | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| American Tower Corp                                | American Tower Corp                                | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |    104780 | NS      | $18753524.40  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Estate Co Ltd                           | Mitsubishi Estate Co Ltd                           | CUSIP: N/A<br>LEI: 353800KOFMRGOXSJ5Z65       | Long             | EC               | CORP              | JP        |   1242200 | NS      | $26324561.95  | 1.65%             |  |  |  | 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        |   1015693 | NS      | $4071300.57   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Saul Centers Inc                                   | Saul Centers Inc                                   | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58129 | NS      | $1721199.69   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyatt Hotels Corp                                  | Hyatt Hotels Corp                                  | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |     66166 | NS      | $9091870.06   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Fudosan Co Ltd                              | Mitsui Fudosan Co Ltd                              | CUSIP: N/A<br>LEI: 353800ND4ZKNZDYKMF33       | Long             | EC               | CORP              | JP        |   3595479 | NS      | $37437576.53  | 2.34%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXTDC Ltd                                         | NEXTDC Ltd                                         | CUSIP: N/A<br>LEI: 529900RTERU3X7G3D672       | Long             | EC               | CORP              | AU        |   1429340 | NS      | $14694962.85  | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Ventas Inc                                         | Ventas Inc                                         | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |    947939 | NS      | $69948418.81  | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CTP NV                                             | CTP NV                                             | CUSIP: N/A<br>LEI: 3157000YTVO4TN65UM14       | Long             | EC               | CORP              | NL        |    314154 | NS      | $6551066.68   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Vornado Realty Trust                               | Vornado Realty Trust                               | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    372579 | NS      | $14135647.26  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Fudosan Accommodations Fund Inc             | Mitsui Fudosan Accommodations Fund Inc             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      5185 | NS      | $4369568.89   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| GLP J-Reit                                         | GLP J-Reit                                         | CUSIP: N/A<br>LEI: 353800E27V9KA51K2I90       | Long             | EC               | CORP              | JP        |     10674 | NS      | $9676448.17   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| American Homes 4 Rent                              | American Homes 4 Rent                              | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |   1043610 | NS      | $32978076.00  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vonovia SE                                         | Vonovia SE                                         | CUSIP: N/A<br>LEI: 5299005A2ZEP6AP7KM81       | Long             | EC               | CORP              | DE        |     92971 | NS      | $2794301.66   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Invitation Homes Inc                               | Invitation Homes Inc                               | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1237616 | NS      | $34838890.40  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodman Group                                      | Goodman Group                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   2659500 | NS      | $57360621.86  | 3.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Hung Kai Properties Ltd                        | Sun Hung Kai Properties Ltd                        | CUSIP: N/A<br>LEI: 529900LUMD393RD3S874       | Long             | EC               | CORP              | HK        |   1732500 | NS      | $21082418.39  | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Sekisui House Reit Inc                             | Sekisui House Reit Inc                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     18228 | NS      | $9381386.34   | 0.59%             |  |  |  | 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        |   2261000 | NS      | $6435305.22   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Apartment Properties REIT                 | Canadian Apartment Properties REIT                 | CUSIP: N/A<br>LEI: 549300B1MYVTQEB2DI90       | Long             | EC               | CORP              | CA        |    398251 | NS      | $10951867.01  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Klepierre SA                                       | Klepierre SA                                       | CUSIP: N/A<br>LEI: 969500PB4U31KEFHZ621       | Long             | EC               | CORP              | FR        |    775559 | NS      | $29639065.69  | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Prologis REIT Inc                           | Nippon Prologis REIT Inc                           | CUSIP: N/A<br>LEI: 353800PHBMSDLAFURY41       | Long             | EC               | CORP              | JP        |     19252 | NS      | $11197504.75  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| National Storage REIT                              | National Storage REIT                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   5748991 | NS      | $8650949.70   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Keppel Ltd                                         | Keppel Ltd                                         | CUSIP: N/A<br>LEI: 254900SQ7IPDOY6IDW33       | Long             | EC               | CORP              | SG        |   1031100 | NS      | $8063565.61   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| AvalonBay Communities Inc                          | AvalonBay Communities Inc                          | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |    299000 | NS      | $52002080.00  | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc                   | Ryman Hospitality Properties Inc                   | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |    170410 | NS      | $14810333.10  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                           | Simon Property Group Inc                           | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |    147254 | NS      | $25881363.04  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITE Group PLC/The                                | UNITE Group PLC/The                                | CUSIP: N/A<br>LEI: 213800BBUUWVDH9YI827       | Long             | EC               | CORP              | GB        |   1458250 | NS      | $10877394.42  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Rexford Industrial Realty Inc                      | Rexford Industrial Realty Inc                      | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    691464 | NS      | $28571292.48  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc                    | Equity LifeStyle Properties Inc                    | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |    319513 | NS      | $19506268.65  | 1.22%             |  |  |  | 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