PFUMX

Principal Finisterre Emerging Markets Total Return Bond Fund

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Prospectus
Enhanced fact sheet

    Principal Finisterre Emerging Markets Total Return Bond Fund

    Fund details

    as of 05/09/2025 unless indicated otherwise
    Fund ticker
    PFUMX
    CUSIP
    74255L175
    Benchmark
    Finisterre Unconstrained Emerging Markets Bond Blended Index
    NAV
    $9.00
    Total fund assets
    $682.64M
    Dividend frequency
    Monthly
    Minimum investment
    —
    Inception date
    07/11/2016
    Morningstar category
    Emerging Markets Bond
    Investment approach
    The investment seeks to generate total returns from current income and capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in bonds that are tied economically to an emerging market, and in derivatives on such investments. Emerging markets are generally defined to include all countries except Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom, and the United States.

    Performance & expenses

    As of 04/30/2025
    Name 1 month 3 month YTD 1-year 3-year 5-year 10-year Since inception Overall
    Total return 1.13% 1.89% 3.94% 10.08% 6.22% 4.97% — 4.73% —
    Benchmark performance
    Finisterre Unconstrained Emerging Markets Bond Blended Index
    		 0.86% 2.42% 3.88% 8.97% 5.67% 3.08% — — —
    Morningstar category average
    Emerging Markets Bond
    		 -0.33% 0.51% 2.10% 8.43% 5.67% 3.97% — — —
    Morningstar percentile rankings — — — 8 29 24 — — —
    # of funds in category 230 229 229 227 221 205 — — 221
    Morningstar rating — — — — — —
    30-Day SEC yield
    Unsubsidized as of 04/30/2025
    7.05%
    30-Day SEC yield
    Subsidized as of 04/30/2025
    7.05%
    Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
    Returns shown for periods of less than one year are not annualized.
    Index performance information: no deductions for fees, expenses or taxes. Indices are unmanaged and individuals cannot invest directly in an index.

    Ratings

    Morningstar ratings

    as of 04/30/2025
    3-year
    221 funds
    5-year
    205 funds
    Overall
    221 funds
    3 year | 221 funds
    5 year | 205 funds
    Overall | 221 funds

    Holdings

    Top 10

    as of 03/31/2025
    % of Assets
    % of Assets
    1. Principal Government Money Mar
    9.01%
    2. Brazil Notas do Tesouro Nacion
    2.90%
    3. Republic of South Africa Gover
    2.29%
    4. Republic of South Africa Gover
    1.66%
    5. Israel Government Internationa
    1.62%
    6. Colombia Government Internatio
    1.41%
    7. Republic of Poland Government
    1.41%
    8. Pakistan Government Internatio
    1.20%
    9. Peru Government Bond
    1.19%
    10. Transnet SOC Ltd
    1.18%
    The holdings listed do not constitute a recommendation to purchase or sell a particular security. Cash and/or derivative positions that are not part of the core investment strategy will not be reflected in the top holdings list.
    May not reflect current holdings or allocations.

    Portfolio characteristics

    Average effective maturity
    as of 04/30/2025
    6.58
    # of holdings
    as of 04/30/2025
    255
    Average weighted coupon
    as of 04/30/2025
    6.53%
    Average yield to maturity
    as of 04/30/2025
    8.75%
    Turnover ratio
    as of 10/31/2024
    172.30%
    Weighted avg duration
    as of 04/30/2025
    5.67
    Weighted avg life to worst
    as of 04/30/2025
    6.31
    Yield to worst
    as of 04/30/2025
    8.65%
    May not reflect current holdings or allocations.

    Portfolio management

    Damien Buchet, CFA
    33 years of experience
    Christopher Watson, CFA
    26 years of experience

    Literature

    Investment materials

    Portfolio holdings

    Disclosures
    Principal Funds are distributed by Principal Funds Distributor, Inc. ALPS Distributors, Inc. is the distributor of the Principal ETFs. ALPS Distributors, Inc. and the Principal Funds are not affiliated.
    Fixed‐income investment options are subject to interest rate risk, and their value will decline as interest rates rise.
    The holdings listed do not constitute a recommendation to purchase or sell a particular security. Cash and/or derivative positions that are not part of the core investment strategy will not be reflected in the top holdings list.
    NOT FDIC INSURED - MAY LOSE VALUE - NO BANK GUARANTEE
    International investing involves greater risks such as currency fluctuations, political/social instability, and differing accounting standards.
    Risk is magnified in emerging markets, which may lack established legal, political, business, or social structures to support securities markets.
    Morningstar percentile rankings are based on total returns and do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.
    Performance assumes reinvestment of all dividends and capital gains.
    Principal Global Investors is the Investment Adviser of all funds included in the Principal Funds, Inc. Principal Funds are managed by Principal Global Investors, its boutique affiliates, and by many leading sub-advisors.
    To obtain a prospectus, download or call Customer Service at 1.800.222.5852. Carefully consider a fund’s objectives, risks, charges, and expenses. The prospectus, or summary prospectus if available, contains this and other information. Please read it carefully before investing.
    © 2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
    The Morningstar Medalist Rating™ is the summary expression of Morningstar’s forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. The Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investment products are evaluated on three key pillars (People, Parent, and Process) which, when coupled with a fee assessment, forms the basis for Morningstar’s conviction in those products’ investment merits and determines the Medalist Rating they’re assigned. Pillar ratings take the form of Low, Below Average, Average, Above Average, and High. Pillars may be evaluated via an analyst’s qualitative assessment (either directly to a vehicle the analyst covers or indirectly when the pillar ratings of a covered vehicle are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by their expected performance into rating groups defined by their Morningstar Category and their active or passive status. When analysts directly cover a vehicle, they assign the three pillar ratings based on their qualitative assessment, subject to the oversight of the Analyst Rating Committee, and monitor and reevaluate them at least every 14 months. When the vehicles are covered either indirectly by analysts or by algorithm, the ratings are assigned monthly. For more detailed information about these ratings, including their methodology, please go to https://shareholders.morningstar.com/investor-relations/governance/Compliance--Disclosure/default.aspx.
    The Morningstar Medalist Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to such things as unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment product. A change in the fundamental factors underlying the Morningstar Medalist Rating can mean that the rating is subsequently no longer accurate.
    The Analyst-Driven % data point displays the weighted percentage of a vehicle’s pillar ratings assigned directly or indirectly by analysts.
    The Data Coverage % data point is a summary metric describing the level of data completeness used to generate the overall rating.