Pricing & Performance

*Morningstar® Ratings as of

Asset Allocation - Target Risk

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.22 0.22 NA NA
1.19 1.19 NA NA
10.51 10.51 8.20 2.23

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
18.91 13.54 12.37 7.29
9.68 11.71 7.62 9.62
9.25 9.85 8.02 8.62
9.38 8.85 8.76 8.24
7.53 7.55 7.29 7.31

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.14
1.14
N/A
N/A

Morningstar Rating

Category: Allocation--50% to 70% Equity
3 stars 3 stars
669 funds
3 stars 3 stars
601 funds
3 stars 3 stars
431 funds
3 stars 3 stars
669 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.11 0.11 NA NA
0.80 0.80 NA NA
7.23 7.23 5.91 0.11

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
13.78 9.51 7.55 3.48
8.01 9.38 5.98 7.35
7.20 7.66 5.99 6.45
7.36 6.97 6.75 6.37
5.73 5.72 5.49 5.49

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.13
1.13
N/A
N/A

Morningstar Rating

Category: Allocation--30% to 50% Equity
3 stars 3 stars
465 funds
3 stars 3 stars
421 funds
4 stars 4 stars
274 funds
4 stars 4 stars
465 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.34 0.34 NA NA
1.58 1.58 NA NA
13.74 13.74 10.46 4.38

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
24.24 17.59 17.39 11.12
11.20 13.87 9.13 11.74
11.34 12.05 10.09 10.79
11.29 10.59 10.67 9.96
8.04 8.08 7.80 7.84

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.15
1.15
N/A
N/A

Morningstar Rating

Category: Allocation--70% to 85% Equity
3 stars 3 stars
293 funds
4 stars 4 stars
264 funds
4 stars 4 stars
189 funds
4 stars 4 stars
293 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.07 0.07 NA NA
0.52 0.52 NA NA
5.03 5.03 4.28 0.40

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
9.89 6.59 5.74 2.61
6.71 7.53 5.36 6.18
5.62 6.02 4.82 5.21
6.02 5.74 5.62 5.33
5.95 5.93 5.79 5.77

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.09
1.09
N/A
N/A

Morningstar Rating

Category: Allocation--15% to 30% Equity
4 stars 4 stars
180 funds
4 stars 4 stars
163 funds
4 stars 4 stars
103 funds
4 stars 4 stars
180 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.40 0.40 NA NA
1.69 1.69 NA NA
15.70 15.70 12.24 6.08

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
28.93 20.51 21.82 13.90
12.91 16.00 10.80 13.84
12.69 13.54 11.43 12.27
12.61 11.76 11.98 11.13
8.56 8.60 8.32 8.36

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.22
1.22
N/A
N/A

Morningstar Rating

Category: Allocation--85%+ Equity
4 stars 4 stars
159 funds
3 stars 3 stars
146 funds
3 stars 3 stars
102 funds
3 stars 3 stars
159 funds

Asset Allocation - Target Date

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.08 0.08 NA NA
0.58 0.58 NA NA
4.04 4.04 3.44 -0.43

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
9.32 5.64 5.26 1.71
7.20 8.41 5.83 7.04
6.55 6.91 5.74 6.09
6.84 6.36 6.43 5.96
4.90 4.87 4.71 4.68

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.84
0.88
N/A

Morningstar Rating

Category: Target-Date 2000-2010
2 stars 2 stars
115 funds
2 stars 2 stars
77 funds
2 stars 2 stars
52 funds
2 stars 2 stars
115 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.12 0.12 NA NA
0.77 0.77 NA NA
6.92 6.92 5.48 1.52

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
14.14 9.34 9.90 5.27
8.68 10.64 7.31 9.23
8.44 8.94 7.62 8.12
8.81 8.17 8.40 7.75
5.75 5.75 5.55 5.56

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.86
0.86
N/A

Morningstar Rating

Category: Target-Date 2020
3 stars 3 stars
160 funds
3 stars 3 stars
120 funds
3 stars 3 stars
64 funds
3 stars 3 stars
160 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.19 0.19 NA NA
1.12 1.12 NA NA
9.82 9.82 7.72 1.81

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
19.59 13.13 13.02 6.94
10.29 12.89 8.22 10.78
10.33 10.89 9.09 9.64
10.25 9.56 9.63 8.94
6.22 6.24 5.92 5.95

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.94
0.94
N/A

Morningstar Rating

Category: Target-Date 2030
3 stars 3 stars
202 funds
3 stars 3 stars
161 funds
3 stars 3 stars
93 funds
3 stars 3 stars
202 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.27 0.27 NA NA
1.49 1.49 NA NA
11.70 11.70 9.46 3.44

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
23.84 15.73 17.01 9.39
11.44 14.27 9.36 12.14
11.79 12.28 10.54 11.01
11.37 10.57 10.74 9.95
6.62 6.63 6.33 6.34

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.99
1.01
N/A

Morningstar Rating

Category: Target-Date 2040
3 stars 3 stars
202 funds
3 stars 3 stars
161 funds
3 stars 3 stars
93 funds
3 stars 3 stars
202 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.33 0.33 NA NA
1.71 1.71 NA NA
12.98 12.98 10.56 4.47

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
26.50 17.28 19.58 10.84
11.97 15.01 9.89 12.86
12.52 12.98 11.26 11.72
11.99 11.14 11.36 10.51
6.59 6.61 6.30 6.32

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.02
1.10
N/A

Morningstar Rating

Category: Target-Date 2050
3 stars 3 stars
202 funds
3 stars 3 stars
161 funds
3 stars 3 stars
85 funds
3 stars 3 stars
202 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.07 0.07 NA NA
0.54 0.54 NA NA
2.67 2.67 2.59 -1.28

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
7.36 4.06 3.34 0.12
6.69 7.53 5.34 6.16
5.53 5.85 4.73 5.05
5.36 5.05 4.96 4.65
4.26 4.22 4.07 4.03

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.82
0.97
N/A

Morningstar Rating

Category: Target-Date Retirement
3 stars 3 stars
151 funds
2 stars 2 stars
120 funds
3 stars 3 stars
78 funds
3 stars 3 stars
151 funds

Large U.S. Equity

Fund Name / Symbol

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.82 0.82 NA NA
1.99 1.99 NA NA
23.14 23.14 18.08 11.58

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
29.68 27.27 22.56 20.26
24.25 28.61 21.94 26.21
23.50 24.96 22.11 23.56
- - - -
19.19 19.39 18.47 18.68

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.94
0.98
N/A

Morningstar Rating

Category: Large Growth
4 stars 4 stars
1137 funds
4 stars 4 stars
1032 funds
N/A N/A
4 stars 4 stars
1137 funds
Fund Name / Symbol

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.88 0.88 NA NA
1.31 1.31 NA NA
23.10 23.10 14.49 8.21

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
27.16 27.27 20.16 20.26
16.24 20.58 14.07 18.32
16.49 17.94 15.18 16.62
15.91 15.52 15.26 14.87
12.73 12.89 12.54 12.70

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.83
0.83
N/A
N/A

Morningstar Rating

Category: Large Blend
4 stars 4 stars
1250 funds
4 stars 4 stars
1105 funds
4 stars 4 stars
810 funds
4 stars 4 stars
1250 funds
Fund Name / Symbol

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.71 0.71 NA NA
1.75 1.75 NA NA
17.15 17.15 10.89 4.78

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
28.19 20.33 21.15 13.72
10.49 13.01 8.43 10.90
12.61 13.03 11.35 11.76
13.07 12.47 12.43 11.83
8.96 9.00 8.88 8.92

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.88
0.88
N/A
N/A

Morningstar Rating

Category: Large Value
4 stars 4 stars
1146 funds
4 stars 4 stars
1027 funds
4 stars 4 stars
755 funds
4 stars 4 stars
1146 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.26 0.26 NA NA
1.14 1.14 NA NA
18.74 18.74 14.17 7.91

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
25.99 24.20 19.09 17.38
21.35 25.98 19.08 23.62
23.06 24.54 21.67 23.13
19.19 18.36 18.52 17.69
8.26 8.44 7.97 8.14

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.99
1.01
N/A

Morningstar Rating

Category: Large Growth
3 stars 3 stars
1137 funds
4 stars 4 stars
1032 funds
4 stars 4 stars
763 funds
4 stars 4 stars
1137 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.38 0.38 NA NA
1.45 1.45 NA NA
22.98 22.98 15.52 13.78

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
29.40 27.31 27.43 25.40
15.48 19.85 14.91 19.25
16.37 17.38 16.02 17.02
16.04 15.58 15.87 15.42
7.13 7.38 7.06 7.30

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.42
0.42
N/A
N/A

Morningstar Rating

Category: Large Blend
3 stars 3 stars
1250 funds
3 stars 3 stars
1105 funds
4 stars 4 stars
810 funds
4 stars 4 stars
1250 funds

Small/Mid U.S. Equity

Fund Name / Symbol

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.43 0.43 NA NA
2.37 2.37 NA NA
15.04 15.04 9.72 3.68

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
30.33 17.75 23.16 11.26
11.68 14.78 9.60 12.63
12.31 12.84 11.05 11.57
- - - -
13.69 13.89 12.63 12.85

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.10
1.45

Morningstar Rating

Category: Mid Cap Blend
3 stars 3 stars
361 funds
3 stars 3 stars
313 funds
N/A N/A
3 stars 3 stars
361 funds
Fund Name / Symbol

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
1.19 1.19 NA NA
2.91 2.91 NA NA
19.89 19.89 13.65 7.41

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
30.67 23.40 23.47 16.62
18.29 22.03 16.08 19.76
17.50 18.41 16.18 17.08
17.35 16.50 16.69 15.85
11.48 11.60 11.18 11.30

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.95
0.95
N/A
N/A

Morningstar Rating

Category: Mid Cap Growth
3 stars 3 stars
550 funds
3 stars 3 stars
495 funds
4 stars 4 stars
384 funds
4 stars 4 stars
550 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.52 0.52 NA NA
2.86 2.86 NA NA
24.73 24.73 20.73 14.11

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
44.00 28.13 36.06 21.11
11.01 13.81 8.93 11.68
11.50 10.98 10.24 9.73
13.27 12.17 12.63 11.53
9.78 9.78 9.43 9.43

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.27
1.29
N/A

Morningstar Rating

Category: Mid Cap Value
4 stars 4 stars
392 funds
4 stars 4 stars
350 funds
4 stars 4 stars
254 funds
4 stars 4 stars
392 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.95 0.95 NA NA
2.92 2.92 NA NA
29.83 29.83 21.43 14.75

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
32.40 31.72 25.12 24.49
12.62 14.14 10.52 12.01
8.84 11.81 7.62 10.56
12.33 11.75 11.69 11.12
11.12 11.31 10.82 11.01

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.24
1.24
N/A
N/A

Morningstar Rating

Category: Real Estate
4 stars 4 stars
232 funds
4 stars 4 stars
198 funds
4 stars 4 stars
148 funds
4 stars 4 stars
232 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.49 0.49 NA NA
2.87 2.87 NA NA
25.53 25.53 18.67 12.14

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
48.43 30.62 40.24 23.40
5.12 8.75 3.15 6.72
8.04 7.66 6.82 6.45
12.07 11.13 11.44 10.51
10.00 10.22 9.40 9.63

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.12
1.18
N/A

Morningstar Rating

Category: Mid Cap Value
2 stars 2 stars
392 funds
2 stars 2 stars
350 funds
3 stars 3 stars
254 funds
3 stars 3 stars
392 funds
Fund Name / Symbol

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.70 0.70 NA NA
2.46 2.46 NA NA
17.23 17.23 16.75 10.31

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
46.77 26.03 38.68 19.12
12.78 16.50 10.67 14.33
14.32 13.15 13.04 11.88
15.85 14.14 15.20 13.50
9.40 9.34 9.10 9.05

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.18
1.18
N/A
N/A

Morningstar Rating

Category: Small Blend
5 stars 5 stars
601 funds
4 stars 4 stars
529 funds
5 stars 5 stars
357 funds
5 stars 5 stars
601 funds

International Equity

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.19 0.19 NA NA
1.21 1.21 NA NA
5.51 5.51 4.84 -0.94

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
22.84 11.26 16.12 5.12
8.49 12.15 6.45 10.05
8.79 9.72 7.56 8.49
8.23 7.34 7.62 6.73
4.76 4.69 4.48 4.41

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.20
1.20
N/A
N/A

Morningstar Rating

Category: Foreign Large Blend
4 stars 4 stars
687 funds
3 stars 3 stars
593 funds
3 stars 3 stars
397 funds
3 stars 3 stars
687 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.22 0.22 NA NA
2.11 2.11 NA NA
17.14 17.14 12.31 6.13

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
24.69 20.24 17.84 13.57
7.95 9.30 5.95 7.26
6.55 9.32 5.35 8.09
9.88 9.24 9.26 8.62
4.12 4.31 3.70 3.89

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.33
1.33
N/A
N/A

Morningstar Rating

Category: Global Real Estate
3 stars 3 stars
198 funds
4 stars 4 stars
174 funds
4 stars 4 stars
109 funds
4 stars 4 stars
198 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.55 0.55 NA NA
1.80 1.80 NA NA
-0.22 -0.22 0.83 -4.73

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
19.46 5.09 12.90 -0.69
7.80 9.47 5.78 7.43
8.26 8.60 7.04 7.37
5.27 3.96 4.68 3.38
8.20 7.97 7.91 7.68

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.55
1.67
N/A

Morningstar Rating

Category: Diversified Emerging Mkts
3 stars 3 stars
711 funds
3 stars 3 stars
606 funds
2 stars 2 stars
330 funds
3 stars 3 stars
711 funds
Fund Name / Symbol

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.28 0.28 NA NA
2.12 2.12 NA NA
-2.25 -2.25 -3.05 -8.36

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
9.60 1.65 3.59 -3.91
7.27 10.01 5.26 7.95
8.28 9.48 7.06 8.25
- - - -
5.09 4.68 4.21 3.82

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.60
2.56
N/A

Morningstar Rating

Category: Diversified Emerging Mkts
3 stars 3 stars
711 funds
3 stars 3 stars
606 funds
N/A N/A
3 stars 3 stars
711 funds

Specialty

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.12 0.12 NA NA
0.91 0.91 NA NA
12.71 12.71 11.86 7.66

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
23.88 16.44 19.18 12.11
6.63 8.52 5.27 7.16
5.76 6.42 4.95 5.61
4.24 3.56 3.84 3.16
4.37 4.35 4.03 4.01

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.21
1.31

Morningstar Rating

Category: World Allocation
3 stars 3 stars
401 funds
2 stars 2 stars
351 funds
2 stars 2 stars
233 funds
2 stars 2 stars
401 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.07 0.07 NA NA
0.51 0.51 NA NA
6.17 6.17 5.52 1.58

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
14.37 8.49 10.06 4.44
5.14 6.06 3.81 4.72
4.64 5.09 3.84 4.29
6.36 5.96 5.96 5.56
8.87 8.77 8.54 8.45

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.01
1.09
N/A

Morningstar Rating

Category: Allocation--15% to 30% Equity
2 stars 2 stars
180 funds
2 stars 2 stars
163 funds
4 stars 4 stars
103 funds
3 stars 3 stars
180 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.05 0.05 NA NA
0.43 0.43 NA NA
3.66 3.66 3.39 -0.52

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
8.03 5.42 4.01 1.49
3.74 4.57 2.44 3.26
3.44 3.46 2.65 2.67
- 3.24 - 2.84
3.23 3.15 2.83 2.76

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
3.69
3.73
N/A

Morningstar Rating

Category: Multistrategy
3 stars 3 stars
127 funds
3 stars 3 stars
101 funds
3 stars 3 stars
37 funds
3 stars 3 stars
127 funds

Fixed Income

Fund Name / Symbol

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.00 0.00 NA NA
0.00 0.00 NA NA
1.90 1.90 1.26 -2.51

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
3.87 2.83 0.01 -1.03
5.05 5.38 3.71 4.04
3.11 4.61 2.33 3.82
4.66 4.73 4.26 4.33
5.10 5.09 4.97 4.97

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.79
0.79
N/A
N/A

Morningstar Rating

Category: Muni California Intermediate
5 stars 5 stars
65 funds
5 stars 5 stars
57 funds
5 stars 5 stars
49 funds
5 stars 5 stars
65 funds
Fund Name / Symbol

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
-0.01 -0.01 NA NA
-0.10 -0.10 NA NA
-1.79 -1.79 -1.53 -3.77

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
-0.36 -1.54 -2.65 -3.78
4.97 5.17 4.19 4.38
3.28 3.75 2.82 3.27
3.79 3.72 3.55 3.48
7.07 7.04 6.96 6.93

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.79
0.79
N/A
N/A

Morningstar Rating

Category: Intermediate Core Bond
2 stars 2 stars
379 funds
4 stars 4 stars
335 funds
4 stars 4 stars
249 funds
4 stars 4 stars
379 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.00 0.00 NA NA
0.00 0.00 NA NA
-0.89 -0.89 -0.86 -4.59

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
0.94 -0.75 -2.82 -4.48
5.82 6.11 4.48 4.77
3.38 3.94 2.60 3.15
3.40 3.38 3.01 2.98
4.07 4.02 3.88 3.83

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.85
1.03

Morningstar Rating

Category: Intermediate Core-Plus Bond
3 stars 3 stars
570 funds
3 stars 3 stars
496 funds
3 stars 3 stars
354 funds
3 stars 3 stars
570 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.03 0.03 NA NA
0.30 0.30 NA NA
-4.14 -4.14 -2.11 -5.80

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
5.04 -1.79 1.07 -5.47
5.80 5.49 4.45 4.15
5.36 5.11 4.57 4.31
- - - -
5.55 4.83 4.78 4.09

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.21
2.46
N/A

Morningstar Rating

Category: Emerging Markets Bond
4 stars 4 stars
258 funds
5 stars 5 stars
218 funds
N/A N/A
5 stars 5 stars
258 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
-0.01 -0.01 NA NA
-0.10 -0.10 NA NA
-1.62 -1.62 -0.86 -3.07

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
-0.89 -1.30 -3.09 -3.50
3.19 2.84 2.41 2.06
1.45 1.70 0.99 1.25
1.92 1.84 1.69 1.61
5.74 5.69 5.61 5.56

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.78
0.78
N/A
N/A

Morningstar Rating

Category: Intermediate Government
2 stars 2 stars
229 funds
2 stars 2 stars
209 funds
3 stars 3 stars
179 funds
3 stars 3 stars
229 funds
Fund Name / Symbol

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.00 0.00 NA NA
0.00 0.00 NA NA
3.98 3.98 4.83 0.96

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
10.88 5.29 6.75 1.35
5.88 6.64 4.56 5.30
5.77 5.48 4.97 4.68
6.76 6.28 6.35 5.88
7.10 6.99 6.92 6.82

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.92
0.92
N/A
N/A

Morningstar Rating

Category: High Yield Bond
3 stars 3 stars
631 funds
3 stars 3 stars
553 funds
4 stars 4 stars
367 funds
4 stars 4 stars
631 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.00 0.00 NA NA
0.00 0.00 NA NA
6.02 6.02 4.94 0.99

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
8.96 7.76 4.85 3.75
6.83 7.35 5.48 6.01
4.78 6.61 3.97 5.80
- - - -
5.45 5.47 5.02 5.04

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.91
0.99

Morningstar Rating

Category: High Yield Muni
4 stars 4 stars
185 funds
4 stars 4 stars
153 funds
N/A N/A
4 stars 4 stars
185 funds

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.00 0.00 NA NA
0.00 0.00 NA NA
1.84 1.84 3.28 -0.58

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
7.95 2.93 3.88 -0.94
6.74 7.14 5.39 5.77
5.51 5.58 4.70 4.78
6.98 6.76 6.57 6.35
5.86 5.74 5.65 5.53

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.05
1.05
N/A
N/A

Morningstar Rating

Category: Preferred Stock
3 stars 3 stars
60 funds
3 stars 3 stars
49 funds
3 stars 3 stars
29 funds
3 stars 3 stars
60 funds
Fund Name / Symbol

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.00 0.00 NA NA
0.00 0.00 NA NA
2.71 2.71 2.08 -1.79

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
5.34 3.88 1.38 0.04
5.51 5.75 4.19 4.42
3.35 4.81 2.57 4.02
4.28 4.34 3.88 3.94
5.25 5.25 5.15 5.14

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.81
0.81
N/A
N/A

Morningstar Rating

Category: Muni National Intermediate
4 stars 4 stars
266 funds
5 stars 5 stars
229 funds
5 stars 5 stars
169 funds
5 stars 5 stars
266 funds

Short-Term Fixed Income

Fund Name / Symbol

Money Market Fund (A)
SEC 7-Day Yield as of is 0.00% SEC 7-Day Yield as of is 0.00% SEC 7-Day Yield as of is 0.00% SEC 7-Day Yield as of is 0.00%
10, 19, 30

PCSXX

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
0.00 0.00 NA NA
0.00 0.00 NA NA
0.00 0.00 0.00 0.00

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
0.00 0.00 0.00 0.00
0.91 0.81 0.91 0.81
0.90 0.89 0.90 0.89
0.45 0.45 0.45 0.45
1.18 1.17 1.18 1.17

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.51
0.54
N/A

Morningstar Rating

Category: Money Market
N/A N/A
N/A N/A
N/A N/A
N/A N/A

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Chg
% Chg
% YTD
-0.01 -0.01 NA NA
-0.08 -0.08 NA NA
-0.96 -0.96 -0.32 -2.58

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
0.17 -0.74 -2.09 -2.98
2.82 2.61 2.04 1.82
2.05 2.05 1.59 1.58
2.10 2.03 1.87 1.80
3.56 3.52 3.48 3.43

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.66
0.66
N/A
N/A

Morningstar Rating

Category: Short Term Bond
2 stars 2 stars
549 funds
3 stars 3 stars
482 funds
3 stars 3 stars
316 funds
3 stars 3 stars
549 funds

Disclosures

An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time

Not FDIC Insured
May Lose Value - Not a Deposit - No Bank Guarantee

Not Insured by any Federal Government Agency

Investors should carefully consider a fund's investment objectives, risks, charges, and expenses prior to investing.

Investment results shown represent historical performance and do not guarantee future results. Your mutual fund's returns and principal values will fluctuate with changes in interest rates and other market conditions so the value, when redeemed, may be worth more or less than original costs. Current performance may be lower or higher than the performance shown.

A Shares - Maximum up-front sales charges may apply. See the prospectus for details. Equity Funds, 5.5% (except LargeCap S&P 500 Index Fund, 1.5%); SAM Portfolios, 5.5% (except SAM Flexible Income Portfolio, 3.75%); Principal LifeTime Funds, 5.5% (except Principal LifeTime Strategic Income Fund, 3.75%); Specialty Funds, 3.75%; Fixed-Income Funds, 3.75% (except Income, Short-Term Income, and Government & High Quality Bond, 2.25%); Municipal Funds, 4.5%. Money Market does not have an up-front sales charge.

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.

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 mutual fund. Performance shown reflects the application of net expenses of the fund.

See the Principal Funds, Inc. prospectus for the full name of each Fund.

Returns shown for periods of less than one year are not annualized.

Principal Funds Class P shares automatically converted to Institutional Class shares effective close of business June 23, 2017.

Money Market investment options are not guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although these Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money.

Price The price, or net asset value is the value of mutual fund shares determined by deducting the fund's liabilities from the total assets of the portfolio and dividing this amount by the number of shares outstanding. This cannot be relied upon as today's offering price.

YTD at NAV % - Measured from January 1, 2020 to the most recent established NAV date. Returns include the reinvestment of dividends and capital gains distributions at NAV.

Average Annual Total Return at Maximum Offering Price (MOP) - The highest price that may be charged for purchases of fund shares, including the maximum contingent deferred sales charge or the maximum front end sales charge, whichever is applicable. Returns include the reinvestment of dividends and capital gains distributions at NAV as of previous month end or previous quarter end.

Morningstar Ratings are as of previous month end.

Since Inception return represents Average Annual Total Return at Maximum Offering Price (MOP) from Extended Performance Inception Date as of previous month end or previous quarter end.

Contingent Deferred Sales Charge (CDSC) - A deferred sales charge, which is paid at the time of redemption and generally decreases with the amount of time that fund shares are held before sale, ultimately declining to 0%. It is referred to as a contingent sales charge because of such declining schedule. The CDSC is also commonly called a back-end load. Performance displayed reflects the application of these charges.

The 7-Day Yield % more closely reflects the current earnings of this money market investment option than the total return displayed.

Morningstar Ratings do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.

The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past performance does not guarantee future results. © 2021 Morningstar, Inc. All rights reserved. Part of the mutual fund data 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.


Footnotes

1 Small-cap and mid-cap investment options are subject to more fluctuation in value and may have additional risks than other investment options with stocks of larger, more stable companies.


2 Each index based investment option is invested in the stocks or bonds of the index it tracks. Performance of indexes reflects the unmanaged results for the market segment the selected stocks or bonds represent. There is no assurance an index based investment option will match the performance of the index tracked.


3 International and global investment options are subject to additional risk due to fluctuating exchange rates, foreign accounting and financial policies, and other economic and political environments.


4 High yield investment options are subject to greater credit risk and volatility that is associated with high yield bonds.


5 Real Estate investment options are subject to investment and liquidity risk and other risks inherent in real estate such as those associated with general and local economic conditions. Property values can decline due to environmental and other reasons. In addition, fluctuation in interest rates can negatively impact the performance of real estate investment options.


6 S&P 500 is a trademark of S&P Global and is used under license. The product is not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in the product.


10 These calculated returns reflect the historical performance of the oldest share class of the fund, adjusted to reflect a portion of the fees and expenses of this share class. For time periods prior to inception date of the fund, predecessor performance is reflected. Please see the fund's prospectus for more information on specific expenses, and the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class.


11 Equity investment options involve greater risk, including heightened volatility, than fixed-income investment options. Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise.


12 Asset allocation does not guarantee a profit or protect against a loss. Investing in real estate, small-cap, international, and high-yield investment options involves additional risks.


13 Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. A portion of the Fund's income may be subject to state and/or local taxes, and it may be subject to federal alternative minimum tax (AMT) for certain investors.


14 Small-cap and mid-cap stocks may have additional risks, including greater price volatility.


15 Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Neither the principal of bond investment options nor their yields are guaranteed by the U.S. government.


16 Fixed-income and asset allocation investment options that invest in mortgage securities are subject to increased risk due to real estate exposure.


17 Instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.


18 Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Lower-rated securities are subject to additional credit and default risks. Risks associated with preferred securities differ from risks inherent with other investments. In particular, in the event of bankruptcy, a company's preferred securities are senior to common stock but subordinated to all other types of corporate debt. International investing involves increased risks due to currency fluctuations, political or social instability, and differences in accounting standards, these risks are magnified in emerging markets. REIT securities are subject to risk factors associated with the real estate industry and tax factors of REIT registration.


19 The investment adviser may voluntarily limit a certain portion of the fund's expenses collected from the Money Market Fund on a temporary basis.


20 The manager of the Fund, Principal Global Investors, invests between 10% and 40% of the Fund's assets in common stocks in an attempt to match or exceed the performance of the Fund's benchmark index for performance.


21 Asset allocation and diversification do not ensure a profit or protect against a loss. Additionally there is no guarantee this investment option will provide adequate income at or through retirement.


22 Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Neither the principal of bond investment options nor their yields are guaranteed by the U.S. or any other government entity. Concentrating investments in natural resources industries can be affected significantly by events relating to those industries, such as variations in the commodities markets, weather, disease, embargoes, international, political and economic developments, the success of exploration projects, tax and other government regulations and other factors. Investment in derivatives entails specific risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. REIT securities are subject to risk factors associated with the real estate industry and tax factors of REIT registration.


26 For Government High Quality Bond Fund (A) the Distributor has voluntarily agreed to waive .10% which limits the investment option's 12b-1 fees to .15%. These limits apply now but may be terminated at any time.


27 This fund utilizes alternative investment strategies such as arbitrage, leverage, derivatives, and shorting securities in addition to traditional investments. Investment risk may be magnified with the use of these alternative strategies. In addition, securities such as bonds, equities, commodities, international and emerging market securities, and currencies are used to implement the investment strategy. These investments are subject to risks associated with market and interest rate movements. The fund is considered non-diversified which may make it more susceptible to price volatility if the fund does not meet its objective. Due to the nature of the investment process, investors should not expect significant outperformance during market rallies. Additional risks are included in the funds prospectus. It is possible to lose money when investing in the fund.


28 The risks associated with derivative investments include that the underlying security, interest rate, market index, or other financial asset will not move in the direction the Investment Adviser and/or Sub-Advisor anticipated, the possibility that there may be no liquid secondary market, the risk that adverse price movements in an instrument can result in a loss substantially greater than a fund's initial investment, the possibility that the counterparty may fail to perform its obligations; and the inability to close out certain hedged positions to avoid adverse tax consequences.


29 International and global investing involves greater risks such as currency fluctuations, political/social instability and differing accounting standards.


30 You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.


31 Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Risks of preferred securities differ from risks inherent in other investments. In particular, in a bankruptcy preferred securities are senior to common stock but subordinate to other corporate debt. Contingent capital securities (CoCos) may have substantially greater risk than other securities in times of financial stress. An issuer or regulators decision to write down, write off or convert a CoCo may result in complete loss on an investment.


33 Additional target date portfolios may be added to the Principal LifeTime portfolios series to accommodate plan participants with later normal retirement dates as they enter the workforce. Participants may also choose a portfolio with a target date that does not match the intended retirement date. Compare the different portfolios to see how the mix of investments might shift.


34 This investment option is considered non-diversified, which means it, or the underlying mutual fund, can invest a higher percentage of its assets in of fewer individual issuers than a diversified investment. As a result, changes in the value of a single investment could cause greater fluctuations, gain or loss, in the net asset value than would occur if it was more diversified.


35 Selecting a target date fund series is also authorizing any additional vintage which is launched by the investment provider for the series, and included in their associated materials, to be added to the plan after proper notification.


36 There is no guarantee that a target date investment will provide adequate income at or through retirement. A target date fund's (TDF) glidepath is typically set to align with a retirement age of 65, which maybe your plan's normal retirement date (NRD). If your plan's NRD/age is different, the plan may default you to a TDF based on the plans NRD/Age. Participants may choose a TDF that does not match the plan's intended retirement date but instead aligns more to their investment risk. Compare the different TDF's to see how the mix of investments shift based on the TDF glide path.