Principal Funds Inc.
12/16/2024 | Press release | Distributed by Public on 12/16/2024 09:02
Prospectus by Investment Company (Form 497)
Document
Principal Funds, Inc.
Supplement dated December 16, 2024
to the Prospectus and Statement of Additional Information
both dated March 1, 2024
(as previously supplemented)
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.
DISTRIBUTION PLANS AND INTERMEDIARY COMPENSATION
Effective December 31, 2024, under Distribution and/or Service (12b-1) Fees, delete the second paragraph and corresponding footnote under Class J Shares in its entirety.
The changes described below are being made to the Statement of Additional Information.
LEADERSHIP STRUCTURE AND BOARD
Under Additional Information Regarding Board Members and Officers, in the FUND COMPLEX OFFICERS table, delete rows for Deanna Y. Pellack and Beth C. Wilson, and add the following alphabetically:
| FUND COMPLEX OFFICERS | ||
|
Name, Address, and Year of Birth |
Position(s) Held with Fund Complex |
Principal Occupation(s) During Past 5 Years |
|
Deanna Y. Pellack
711 High Street
Des Moines, IA 50392
1987
|
Counsel and Secretary (since 2024) Counsel and Assistant Secretary (2023-2024) Assistant Counsel and Assistant Secretary (2022-2023) |
Principal Financial Group*
Counsel (since 2022)
The Northern Trust Company
Vice President (2019-2022)
|
INVESTMENT ADVISORY AND OTHER SERVICES
Effective December 31, 2024, under Rule 12b-1 Fees / Distribution Plans and Agreements, delete the fifth paragraph in its entirety and corresponding footnote.