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Investment Type: pif

Multi-Sector Income Inst Fund (PGDIX)

Quick Facts Ticker: PGDIX Inception Date: 12/15/2008 Morningstar Category: Multisector Bond Total Net Assets (mil): $1,956.49	Investment Strategy    What's this? The investment seeks income. The fund generally invests a majority of its assets in fixed income securities, such as investment-grade corporate bonds, high yield bonds (also known as "junk" bonds), preferred securities, securitized products, and emerging market debt securities, in an effort to provide incremental yields over a portfolio of government securities. Such securities include instruments with variable or floating interest rates. The fixed income portion of the fund is not managed to a particular maturity or duration. The fund invests in foreign, including emerging market, securities.
Morningstar Style Box™   as of 07/31/2026    What's this?	Overall Morningstar Star Rating™   as of 08/31/2026    What's this? Out of 339 Multisector Bond Funds Morningstar's Star Ratings reflect risk adjusted performance and are derived from a weighted average of the performance figures associated with its three, five, and ten-year (if applicable) time periods.

Total Returns

Returns shown for periods of less than one year are not annualized. All returns displayed here are after Total Investment Expense of the investment option.

The Year-to-Date Change represents an unannualized rate of return (change in value) since the start of the year. All returns shown here are after the Total Investment Expense of the investment option.

In situations where the net and gross fund expense figures are different, the investment manager has contractually agreed to limit the investment option's expense. Differences may also be shown due to the investment manager choosing to pay certain expenses that would normally be payable by the fund. The gross fund expense figure does not reflect any waivers or caps on the fund. Performance when shown reflects the application of net expenses of the fund.

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. For more performance information, including the most recent month-end performance, visit principal.com.

Insurance products and plan administrative services provided through Principal Life Insurance Company®. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., member SIPC and/or independent broker-dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392. Certain investment options and contract[PB1] riders may not be available in all states or U.S. commonwealths.

Month-End | Quarter-End

Average Annual Total Returns as of 08/31/2026

1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since      Inception* Total Return % 0.32 -0.14 0.00 0.75 5.59 1.74 3.62 7.19 Multi-Sector Blended Index (Linked) % 0.39 -0.68 -0.31 1.89 4.08 -0.32 2.27 --- Multisector Bond Category % 0.53 0.20 1.58 3.72 6.56 2.53 3.48 --- Morningstar Percentile Rankings** --- --- --- 99 81 80 43 --- # of Funds in Category 382 379 374 361 339 306 228 ---

* Inception Date: 12/15/2008

**Morningstar percentile rankings are based on total returns.

Expenses   as of 08/31/2026 Total Investment Expense - Gross: 0.72% Total Investment Expense - Net: 0.69% Waiver Date: 02/29/2028 Contractual Cap Date: 02/29/2028 Total Investment Expense Gross Per $1,000 Invested: $7.20

Statistics   30-Day SEC Yield - Subsidized (Net) as of 07/31/2026: 5.92% 30-Day SEC Yield - Non-Subsidized (Gross) as of 07/31/2026: 5.81%

Inv Manager or Sub-Advisor

   What's this?

Principal Global Investors

Portfolio Managers

   What's this?

Tina Paris , CFA Since 08/24/2026 M.B.A. , University of Iowa

Michael Goosay Since 08/25/2026

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