Pricing & Performance

*Morningstar® Ratings as of

Asset Allocation - Target Risk

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

$ Chg
% Chg
% YTD
0.03 0.03 NA NA
0.25 0.25 NA NA
6.67 6.67 5.37 -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
7.99 7.99 2.08 2.08
3.59 3.59 1.66 1.66
6.35 6.35 5.16 5.16
5.14 5.14 4.54 4.54
5.42 5.42 5.14 5.14

Fund Expenses

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

Morningstar Rating

Category: Allocation--30% to 50% Equity
4 stars 4 stars
400 funds
4 stars 4 stars
348 funds
4 stars 4 stars
240 funds
4 stars 4 stars
400 funds

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

$ Chg
% Chg
% YTD
0.09 0.09 NA NA
0.49 0.49 NA NA
11.29 11.29 8.88 2.91

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
13.65 13.65 7.43 7.43
4.93 4.93 2.98 2.98
9.80 9.80 8.57 8.57
5.13 5.13 4.54 4.54
7.42 7.42 7.13 7.13

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.42
1.42
N/A
N/A

Morningstar Rating

Category: Allocation--70% to 85% Equity
3 stars 3 stars
334 funds
3 stars 3 stars
291 funds
4 stars 4 stars
210 funds
4 stars 4 stars
334 funds

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

$ Chg
% Chg
% YTD
0.02 0.02 NA NA
0.16 0.16 NA NA
4.84 4.84 3.91 -0.02

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
5.76 5.76 1.77 1.77
2.95 2.95 1.66 1.66
5.18 5.18 4.39 4.39
5.07 5.07 4.67 4.67
5.98 5.98 5.79 5.79

Fund Expenses

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

Morningstar Rating

Category: Allocation--15% to 30% Equity
4 stars 4 stars
181 funds
4 stars 4 stars
149 funds
5 stars 5 stars
83 funds
5 stars 5 stars
181 funds

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

$ Chg
% Chg
% YTD
0.11 0.11 NA NA
0.54 0.54 NA NA
12.84 12.84 10.02 3.97

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
14.88 14.88 8.58 8.58
5.11 5.11 3.14 3.14
10.85 10.85 9.60 9.60
5.02 5.02 4.43 4.43
7.77 7.77 7.48 7.48

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.44
1.44
N/A
N/A

Morningstar Rating

Category: Allocation--85%+ Equity
3 stars 3 stars
147 funds
3 stars 3 stars
123 funds
4 stars 4 stars
98 funds
4 stars 4 stars
147 funds

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

$ Chg
% Chg
% YTD
0.05 0.05 NA NA
0.31 0.31 NA NA
8.74 8.74 6.92 1.02

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
10.60 10.60 4.55 4.55
4.28 4.28 2.34 2.34
8.17 8.17 6.95 6.95
5.30 5.30 4.71 4.71
7.19 7.19 6.91 6.91

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.37
1.37
N/A
N/A

Morningstar Rating

Category: Allocation--50% to 70% Equity
3 stars 3 stars
727 funds
3 stars 3 stars
653 funds
3 stars 3 stars
429 funds
3 stars 3 stars
727 funds

Asset Allocation - Target Date

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

$ Chg
% Chg
% YTD
0.03 0.03 NA NA
0.22 0.22 NA NA
6.76 6.76 5.52 1.57

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
7.41 7.41 3.39 3.39
2.94 2.94 1.63 1.63
5.90 5.90 5.09 5.09
3.31 3.31 2.91 2.91
4.48 4.48 4.23 4.23

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.03
1.11

Morningstar Rating

Category: Target-Date 2000-2010
2 stars 2 stars
89 funds
3 stars 3 stars
69 funds
1 stars 1 stars
50 funds
2 stars 2 stars
89 funds

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

$ Chg
% Chg
% YTD
0.05 0.05 NA NA
0.35 0.35 NA NA
8.96 8.96 7.21 1.29

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
10.20 10.20 4.14 4.14
3.71 3.71 1.78 1.78
7.62 7.62 6.40 6.40
3.82 3.82 3.24 3.24
5.10 5.10 4.74 4.74

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.08
1.11

Morningstar Rating

Category: Target-Date 2020
3 stars 3 stars
184 funds
3 stars 3 stars
148 funds
2 stars 2 stars
84 funds
3 stars 3 stars
184 funds

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

$ Chg
% Chg
% YTD
0.06 0.06 NA NA
0.41 0.41 NA NA
10.81 10.81 8.69 2.71

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
12.66 12.66 6.46 6.46
4.35 4.35 2.39 2.39
8.78 8.78 7.56 7.56
4.05 4.05 3.47 3.47
5.24 5.24 4.88 4.88

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.10
1.16

Morningstar Rating

Category: Target-Date 2030
3 stars 3 stars
184 funds
3 stars 3 stars
148 funds
3 stars 3 stars
84 funds
3 stars 3 stars
184 funds

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

$ Chg
% Chg
% YTD
0.07 0.07 NA NA
0.46 0.46 NA NA
12.08 12.08 9.65 3.62

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
14.31 14.31 8.05 8.05
4.61 4.61 2.66 2.66
9.66 9.66 8.43 8.43
4.14 4.14 3.55 3.55
5.39 5.39 5.03 5.03

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.08
1.18

Morningstar Rating

Category: Target-Date 2040
2 stars 2 stars
184 funds
3 stars 3 stars
148 funds
3 stars 3 stars
84 funds
3 stars 3 stars
184 funds

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

$ Chg
% Chg
% YTD
0.09 0.09 NA NA
0.59 0.59 NA NA
12.90 12.90 10.24 4.18

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
15.46 15.46 9.09 9.09
4.86 4.86 2.90 2.90
10.22 10.22 8.98 8.98
4.26 4.26 3.67 3.67
5.20 5.20 4.84 4.84

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.10
1.26

Morningstar Rating

Category: Target-Date 2050
2 stars 2 stars
176 funds
3 stars 3 stars
137 funds
3 stars 3 stars
41 funds
3 stars 3 stars
176 funds

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

$ Chg
% Chg
% YTD
0.02 0.02 NA NA
0.16 0.16 NA NA
5.25 5.25 4.25 0.32

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
5.16 5.16 1.24 1.24
2.38 2.38 1.09 1.09
4.20 4.20 3.40 3.40
2.98 2.98 2.59 2.59
3.88 3.88 3.63 3.63

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.99
1.12

Morningstar Rating

Category: Target-Date Retirement
2 stars 2 stars
137 funds
3 stars 3 stars
114 funds
2 stars 2 stars
66 funds
2 stars 2 stars
137 funds

Large U.S. Equity

Fund Name / Symbol

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

$ Chg
% Chg
% YTD
0.06 0.06 NA NA
0.48 0.48 NA NA
5.55 5.55 4.29 -1.43

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
11.38 11.38 5.21 5.21
4.67 4.67 2.72 2.72
11.85 11.85 10.59 10.59
4.33 4.33 3.75 3.75
5.29 5.29 4.93 4.93

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.87
0.87
N/A
N/A

Morningstar Rating

Category: Large Value
2 stars 2 stars
1091 funds
2 stars 2 stars
936 funds
2 stars 2 stars
681 funds
2 stars 2 stars
1091 funds
Fund Name / Symbol

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

$ Chg
% Chg
% YTD
0.07 0.07 NA NA
0.73 0.73 NA NA
20.55 20.55 15.94 9.53

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
16.29 16.29 9.87 9.87
6.43 6.43 4.45 4.45
12.15 12.15 10.88 10.88
5.88 5.88 5.28 5.28
2.99 2.99 2.64 2.64

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.11
1.11
N/A
N/A

Morningstar Rating

Category: Large Growth
2 stars 2 stars
1277 funds
2 stars 2 stars
1152 funds
2 stars 2 stars
803 funds
2 stars 2 stars
1277 funds

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

$ Chg
% Chg
% YTD
0.09 0.09 NA NA
0.53 0.53 NA NA
11.41 11.41 9.07 7.47

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
17.33 17.33 15.61 15.61
9.09 9.09 8.55 8.55
14.03 14.03 13.68 13.68
6.54 6.54 6.38 6.38
4.95 4.95 4.85 4.85

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.48
0.48
N/A
N/A

Morningstar Rating

Category: Large Blend
4 stars 4 stars
1223 funds
3 stars 3 stars
1080 funds
3 stars 3 stars
802 funds
3 stars 3 stars
1223 funds
Fund Name / Symbol

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

$ Chg
% Chg
% YTD
0.16 0.16 NA NA
0.53 0.53 NA NA
9.60 9.60 7.74 1.80

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
15.56 15.56 9.19 9.19
7.14 7.14 5.14 5.14
12.31 12.31 11.05 11.05
5.93 5.93 5.33 5.33
8.81 8.81 8.73 8.73

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.91
0.91
N/A
N/A

Morningstar Rating

Category: Large Value
3 stars 3 stars
1091 funds
3 stars 3 stars
936 funds
4 stars 4 stars
681 funds
4 stars 4 stars
1091 funds
Fund Name / Symbol

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

$ Chg
% Chg
% YTD
0.32 0.32 NA NA
0.53 0.53 NA NA
10.95 10.95 8.61 2.63

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
15.36 15.36 9.01 9.01
8.19 8.19 6.18 6.18
13.55 13.55 12.27 12.27
7.55 7.55 6.95 6.95
12.20 12.20 12.00 12.00

Fund Expenses

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

Morningstar Rating

Category: Large Blend
3 stars 3 stars
1223 funds
3 stars 3 stars
1080 funds
4 stars 4 stars
802 funds
4 stars 4 stars
1223 funds
Fund Name / Symbol

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

$ Chg
% Chg
% YTD
0.09 0.09 NA NA
0.66 0.66 NA NA
20.80 20.80 16.73 10.28

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
21.53 21.53 14.85 14.85
9.73 9.73 7.67 7.67
14.27 14.27 12.98 12.98
8.54 8.54 7.93 7.93
4.67 4.67 4.31 4.31

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.15
1.17

Morningstar Rating

Category: Large Growth
3 stars 3 stars
1277 funds
3 stars 3 stars
1152 funds
4 stars 4 stars
803 funds
3 stars 3 stars
1277 funds
Fund Name / Symbol

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

$ Chg
% Chg
% YTD
0.08 0.08 NA NA
0.41 0.41 NA NA
17.05 17.05 13.48 7.21

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
20.72 20.72 14.10 14.10
10.28 10.28 8.22 8.22
14.22 14.22 12.94 12.94
- - - -
14.79 14.79 13.52 13.52

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.28
1.28

Morningstar Rating

Category: Large Growth
4 stars 4 stars
1277 funds
3 stars 3 stars
1152 funds
N/A N/A
4 stars 4 stars
1277 funds

Small/Mid U.S. Equity

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

$ Chg
% Chg
% YTD
0.17 0.17 NA NA
0.68 0.68 NA NA
14.52 14.52 12.66 6.45

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
19.04 19.04 12.52 12.52
9.87 9.87 7.81 7.81
15.51 15.51 14.22 14.22
9.62 9.62 9.00 9.00
10.03 10.03 9.66 9.66

Fund Expenses

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

Morningstar Rating

Category: Mid Cap Growth
4 stars 4 stars
576 funds
5 stars 5 stars
502 funds
5 stars 5 stars
370 funds
5 stars 5 stars
576 funds

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

$ Chg
% Chg
% YTD
0.20 0.20 NA NA
0.86 0.86 NA NA
4.62 4.62 3.73 -1.96

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
-1.48 -1.48 -6.90 -6.90
8.47 8.47 6.45 6.45
9.66 9.66 8.43 8.43
6.64 6.64 6.04 6.04
11.29 11.29 10.90 10.90

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.25
1.25
N/A
N/A

Morningstar Rating

Category: Real Estate
4 stars 4 stars
230 funds
4 stars 4 stars
201 funds
5 stars 5 stars
141 funds
5 stars 5 stars
230 funds

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

$ Chg
% Chg
% YTD
0.25 0.25 NA NA
1.10 1.10 NA NA
4.08 4.08 2.31 -3.30

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
18.02 18.02 11.52 11.52
5.53 5.53 3.55 3.55
14.35 14.35 13.06 13.06
5.96 5.96 5.36 5.36
8.18 8.18 7.81 7.81

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.26
1.26
N/A
N/A

Morningstar Rating

Category: Small Blend
3 stars 3 stars
646 funds
4 stars 4 stars
545 funds
3 stars 3 stars
389 funds
3 stars 3 stars
646 funds

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

$ Chg
% Chg
% YTD
0.16 0.16 NA NA
0.76 0.76 NA NA
8.14 8.14 6.36 0.53

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
16.81 16.81 10.42 10.42
4.85 4.85 2.88 2.88
13.24 13.24 11.96 11.96
6.15 6.15 5.55 5.55
8.25 8.25 7.88 7.88

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.31
1.33

Morningstar Rating

Category: Mid Cap Value
3 stars 3 stars
356 funds
3 stars 3 stars
310 funds
3 stars 3 stars
217 funds
3 stars 3 stars
356 funds

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

$ Chg
% Chg
% YTD
0.13 0.13 NA NA
1.01 1.01 NA NA
0.08 0.08 -1.38 -6.83

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
18.68 18.68 12.10 12.10
5.79 5.79 3.81 3.81
13.53 13.53 12.26 12.26
5.46 5.46 4.86 4.86
7.91 7.91 7.44 7.44

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.51
2.51

Morningstar Rating

Category: Small Value
3 stars 3 stars
337 funds
3 stars 3 stars
294 funds
2 stars 2 stars
198 funds
3 stars 3 stars
337 funds

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

$ Chg
% Chg
% YTD
0.09 0.09 NA NA
0.53 0.53 NA NA
6.95 6.95 4.88 -0.88

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
22.54 22.54 15.81 15.81
8.86 8.86 6.83 6.83
14.72 14.72 13.42 13.42
- - - -
12.83 12.83 11.79 11.79

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.50
1.50
N/A
N/A

Morningstar Rating

Category: Mid Cap Value
4 stars 4 stars
356 funds
4 stars 4 stars
310 funds
N/A N/A
4 stars 4 stars
356 funds

International Equity

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

$ Chg
% Chg
% YTD
0.26 0.26 NA NA
0.95 0.95 NA NA
28.54 28.54 19.79 13.20

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
24.34 24.34 17.48 17.48
0.97 0.97 -0.92 -0.92
2.80 2.80 1.65 1.65
0.44 0.44 -0.13 -0.13
8.64 8.64 8.27 8.27

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.61
1.87

Morningstar Rating

Category: Diversified Emerging Markets
3 stars 3 stars
634 funds
2 stars 2 stars
436 funds
3 stars 3 stars
178 funds
3 stars 3 stars
634 funds

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

$ Chg
% Chg
% YTD
0.06 0.06 NA NA
0.46 0.46 NA NA
19.51 19.51 15.36 9.05

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
18.29 18.29 11.74 11.74
1.68 1.68 -0.22 -0.22
7.98 7.98 6.76 6.76
0.57 0.57 0.00 0.00
4.02 4.02 3.66 3.66

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.36
1.36
N/A
N/A

Morningstar Rating

Category: Foreign Large Blend
4 stars 4 stars
595 funds
3 stars 3 stars
533 funds
3 stars 3 stars
342 funds
3 stars 3 stars
595 funds

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

$ Chg
% Chg
% YTD
0.07 0.07 NA NA
0.81 0.81 NA NA
7.94 7.94 6.58 0.72

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
0.93 0.93 -4.60 -4.60
4.06 4.06 2.13 2.13
8.09 8.09 6.87 6.87
- - - -
2.54 2.54 1.95 1.95

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.32
1.32
N/A
N/A

Morningstar Rating

Category: Global Real Estate
3 stars 3 stars
181 funds
3 stars 3 stars
148 funds
N/A N/A
3 stars 3 stars
181 funds
Fund Name / Symbol

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

$ Chg
% Chg
% YTD
0.06 0.06 NA NA
0.47 0.47 NA NA
13.60 13.60 11.13 5.01

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
13.35 13.35 7.14 7.14
3.16 3.16 1.24 1.24
- - - -
- - - -
8.37 8.37 7.02 7.02

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.50
1.92

Morningstar Rating

Category: World Large Stock
2 stars 2 stars
714 funds
N/A N/A
N/A N/A
2 stars 2 stars
714 funds
Fund Name / Symbol

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

$ Chg
% Chg
% YTD
0.14 0.14 NA NA
0.92 0.92 NA NA
23.85 23.85 17.97 11.50

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
17.03 17.03 10.61 10.61
2.35 2.35 0.45 0.45
9.08 9.08 7.84 7.84
0.69 0.69 0.12 0.12
5.46 5.46 5.02 5.02

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.46
2.04

Morningstar Rating

Category: Foreign Large Growth
3 stars 3 stars
324 funds
3 stars 3 stars
275 funds
2 stars 2 stars
193 funds
3 stars 3 stars
324 funds

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

$ Chg
% Chg
% YTD
0.08 0.08 NA NA
0.68 0.68 NA NA
22.12 22.12 17.59 11.08

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
22.09 22.09 15.32 15.32
5.03 5.03 3.09 3.09
- - - -
- - - -
5.12 5.12 3.19 3.19

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.60
2.48

Morningstar Rating

Category: Foreign Small/Mid Blend
3 stars 3 stars
75 funds
N/A N/A
N/A N/A
3 stars 3 stars
75 funds

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

$ Chg
% Chg
% YTD
0.10 0.10 NA NA
0.90 0.90 NA NA
34.09 34.09 24.73 17.93

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
22.25 22.25 15.48 15.48
- - - -
- - - -
- - - -
2.11 2.11 -0.23 -0.23

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.76
9.55

Morningstar Rating

Category: Diversified Emerging Markets
N/A N/A
N/A N/A
N/A N/A
N/A N/A

Specialty

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

$ Chg
% Chg
% YTD
0.03 0.03 NA NA
0.21 0.21 NA NA
6.44 6.44 5.38 1.41

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
8.57 8.57 4.48 4.48
3.08 3.08 1.77 1.77
6.28 6.28 5.46 5.46
- - - -
11.23 11.23 10.73 10.73

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.10
1.20
N/A
N/A

Morningstar Rating

Category: Allocation--30% to 50% Equity
3 stars 3 stars
400 funds
4 stars 4 stars
348 funds
N/A N/A
4 stars 4 stars
400 funds

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

$ Chg
% Chg
% YTD
0.04 0.04 NA NA
0.35 0.35 NA NA
5.74 5.74 3.98 0.09

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
4.61 4.61 0.67 0.67
-3.72 -3.72 -4.93 -4.93
1.50 1.50 0.72 0.72
- - - -
3.38 3.38 2.84 2.84

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.27
1.30

Morningstar Rating

Category: Allocation--30% to 50% Equity
1 stars 1 stars
400 funds
1 stars 1 stars
348 funds
N/A N/A
1 stars 1 stars
400 funds

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

$ Chg
% Chg
% YTD
0.01 0.01 NA NA
0.09 0.09 NA NA
3.97 3.97 3.05 -0.80

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
4.99 4.99 1.09 1.09
2.04 2.04 0.75 0.75
3.22 3.22 2.43 2.43
- - - -
3.20 3.20 2.51 2.51

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.94
2.45

Morningstar Rating

Category: Multialternative
4 stars 4 stars
243 funds
4 stars 4 stars
154 funds
N/A N/A
4 stars 4 stars
243 funds
Fund Name / Symbol

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
5.51 5.51 4.56 -1.21

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
1.14 1.14 -4.42 -4.42
- - - -
- - - -
- - - -
2.34 2.34 0.05 0.05

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.27
10.05

Morningstar Rating

Category: World Allocation
N/A N/A
N/A N/A
N/A N/A
N/A N/A
Fund Name / Symbol

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

$ Chg
% Chg
% YTD
0.04 0.04 NA NA
0.38 0.38 NA NA
4.58 4.58 3.18 -2.45

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
6.06 6.06 0.26 0.26
- - - -
- - - -
- - - -
3.56 3.56 -1.01 -1.01

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
2.05
3.15

Morningstar Rating

Category: Long-Short Equity
N/A N/A
N/A N/A
N/A N/A
N/A N/A

Fixed Income

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
3.22 3.22 2.71 -1.14

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
1.14 1.14 -2.64 -2.64
2.06 2.06 0.77 0.77
2.38 2.38 1.60 1.60
3.66 3.66 3.27 3.27
4.09 4.09 3.85 3.85

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.89
1.00

Morningstar Rating

Category: Intermediate-Term Bond
3 stars 3 stars
856 funds
3 stars 3 stars
767 funds
2 stars 2 stars
540 funds
3 stars 3 stars
856 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
8.26 8.26 7.85 3.78

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
8.98 8.98 4.85 4.85
5.92 5.92 4.58 4.58
7.42 7.42 6.60 6.60
6.74 6.74 6.33 6.33
6.12 6.12 5.85 5.85

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.08
1.08
N/A
N/A

Morningstar Rating

Category: Preferred Stock
3 stars 3 stars
41 funds
3 stars 3 stars
33 funds
5 stars 5 stars
17 funds
4 stars 4 stars
41 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
1.08 1.08 0.60 -3.22

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
-1.11 -1.11 -4.78 -4.78
-0.45 -0.45 -1.70 -1.70
-0.50 -0.50 -1.25 -1.25
0.90 0.90 0.51 0.51
1.08 1.08 0.77 0.77

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.90
0.91

Morningstar Rating

Category: Inflation-Protected Bond
2 stars 2 stars
202 funds
2 stars 2 stars
172 funds
1 stars 1 stars
113 funds
2 stars 2 stars
202 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
4.78 4.78 4.22 0.30

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
-1.70 -1.70 -5.40 -5.40
4.26 4.26 2.95 2.95
4.41 4.41 3.61 3.61
3.97 3.97 3.57 3.57
5.28 5.28 5.14 5.14

Fund Expenses

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

Morningstar Rating

Category: Muni California Intermediate
5 stars 5 stars
67 funds
5 stars 5 stars
63 funds
4 stars 4 stars
50 funds
5 stars 5 stars
67 funds
Fund Name / Symbol

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

$ Chg
% Chg
% YTD
0.02 0.02 NA NA
0.27 0.27 NA NA
5.37 5.37 4.42 0.44

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
12.01 12.01 7.86 7.86
4.06 4.06 2.74 2.74
6.52 6.52 5.70 5.70
6.97 6.97 6.57 6.57
7.53 7.53 7.32 7.32

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.91
0.91
N/A
N/A

Morningstar Rating

Category: High Yield Bond
4 stars 4 stars
590 funds
4 stars 4 stars
474 funds
4 stars 4 stars
317 funds
4 stars 4 stars
590 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
2.91 2.91 2.45 0.12

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
1.79 1.79 -0.48 -0.48
2.14 2.14 1.35 1.35
3.04 3.04 2.58 2.58
5.22 5.22 4.98 4.98
7.42 7.42 7.30 7.30

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.89
0.89
N/A
N/A

Morningstar Rating

Category: Intermediate-Term Bond
3 stars 3 stars
856 funds
4 stars 4 stars
767 funds
4 stars 4 stars
540 funds
4 stars 4 stars
856 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
1.25 1.25 0.89 -1.35

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
-1.08 -1.08 -3.28 -3.28
1.46 1.46 0.70 0.70
1.56 1.56 1.10 1.10
3.78 3.78 3.54 3.54
6.23 6.23 6.08 6.08

Fund Expenses

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

Morningstar Rating

Category: Intermediate Government
3 stars 3 stars
244 funds
4 stars 4 stars
232 funds
3 stars 3 stars
173 funds
3 stars 3 stars
244 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
4.24 4.24 3.77 -0.17

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
-1.94 -1.94 -5.64 -5.64
3.47 3.47 2.14 2.14
3.45 3.45 2.66 2.66
4.09 4.09 3.70 3.70
5.35 5.35 5.23 5.23

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
5 stars 5 stars
263 funds
5 stars 5 stars
227 funds
4 stars 4 stars
154 funds
5 stars 5 stars
263 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
6.20 6.20 5.41 1.50

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
-1.72 -1.72 -5.40 -5.40
5.47 5.47 4.13 4.13
4.95 4.95 4.15 4.15
- - - -
4.97 4.97 4.18 4.18

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.95
0.97

Morningstar Rating

Category: High Yield Muni
3 stars 3 stars
145 funds
3 stars 3 stars
119 funds
N/A N/A
3 stars 3 stars
145 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
4.46 4.46 3.60 -0.26

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
9.66 9.66 5.56 5.56
2.83 2.83 1.53 1.53
5.46 5.46 4.66 4.66
7.06 7.06 6.65 6.65
6.79 6.79 6.47 6.47

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.05
1.50

Morningstar Rating

Category: High Yield Bond
3 stars 3 stars
590 funds
3 stars 3 stars
474 funds
4 stars 4 stars
317 funds
3 stars 3 stars
590 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
1.94 1.94 1.62 -2.16

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
8.76 8.76 4.66 4.66
- - - -
- - - -
- - - -
2.10 2.10 0.72 0.72

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.11
1.68

Morningstar Rating

Category: High Yield Bond
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
-0.10 -0.10 NA NA
3.57 3.57 2.93 -0.90

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
1.57 1.57 -2.20 -2.20
- - - -
- - - -
- - - -
1.88 1.88 0.33 0.33

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.01
1.05

Morningstar Rating

Category: Intermediate-Term Bond
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
0.02 0.02 NA NA
0.19 0.19 NA NA
6.57 6.57 5.95 2.01

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
- - - -
- - - -
- - - -
- - - -
7.47 7.47 3.43 3.43

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
1.47
1.87

Morningstar Rating

Category: Emerging Markets Bond
N/A N/A
N/A N/A
N/A N/A
N/A N/A

Short-Term Fixed Income

Fund Name / Symbol

Money Market Fund (A)
SEC 7-Day Yield as of is 0.7% SEC 7-Day Yield as of is 0.7% SEC 7-Day Yield as of is 0.00% SEC 7-Day Yield as of is 0.00%
6, 11, 22, 53

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
0.26 0.26 0.22 0.22

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
0.27 0.27 0.27 0.27
0.09 0.09 0.09 0.09
0.05 0.05 0.05 0.05
0.54 0.54 0.54 0.54
1.23 1.23 1.23 1.23

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.55
0.55
N/A
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
0.00 0.00 NA NA
0.00 0.00 NA NA
1.53 1.53 1.28 -1.00

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

1 yr
3 yr
5 yr
10 yr
Since
Incep
Incep
Date
1.41 1.41 -0.86 -0.86
1.41 1.41 0.65 0.65
1.69 1.69 1.22 1.22
2.85 2.85 2.61 2.61
3.81 3.81 3.71 3.71

Fund Expenses

Net Expense
Gross Expense
Contractual Cap
Waiver Exp. Date
0.69
0.69
N/A
N/A

Morningstar Rating

Category: Short Term Bond
4 stars 4 stars
450 funds
4 stars 4 stars
376 funds
3 stars 3 stars
261 funds
4 stars 4 stars
450 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.

T Shares - Maximum up-front sales charges of 2.50% apply on all funds.

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, 2017 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. © 2016 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 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.


7 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.


11 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.


12 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.


13 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.


14 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.


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


16 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.


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


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


20 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.


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


23 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.


24 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.


25 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. An MLP that invests in a particular industry (e.g., oil and gas) may be harmed by detrimental economic events within that industry. As partnerships, MLPs may be subject to less regulation (and less protection for investors) under state laws than corporations. In addition, MLPs may be subject to state taxation in certain jurisdictions, which may reduce the amount of income paid by an MLP to its investors.


32 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.


33 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.


34 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.


35 Formerly known as MidCap Blend Fund.


37 Effective June 14, 2013, the Principal MidCap Fund closed to certain new investors. Please see the prospectus for more complete information


41 Bank loans may be subject to settlement risk. If in default, there is no assurance that secured collateral could be liquidated to satisfy the borrower's obligation.


44 During 2015, the Class experienced a significant withdrawal of monies by an affiliate. As the remaining shareholders held relatively small positions, the total return amounts expressed herein are greater than those that would have been experienced without the withdrawal.


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


46 Formerly known as SmallCap Blend Fund.


47 Formerly known as Bond & Mortgage Securities Fund.


51 During 2016, the Class experienced a significant withdrawal of monies by an affiliate. As the remaining shareholders held relatively small positions, the total return amounts expressed herein are greater than those that would have been experienced without the withdrawal.


53 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.


56 Effective December 1, 2016, the Principal Small-MidCap Dividend Income Fund will close to certain new investors. Please see the prospectus for more complete information.


58 This Principal LifeTime Fund indirectly bears its pro rata share of the management fees incurred by the underlying Principal Funds in which this fund invests. Based on the asset allocation of the Principal LifeTime Funds outlined in the prospectus dated March 1, 2017, the weighted average operating expenses of the underlying funds are: Principal LifeTime Strategic Income, 0.61%; Principal LifeTime 2010, 0.65%; Principal LifeTime 2020, 0.70%; Principal LifeTime 2030, 0.72%; Principal LifeTime 2040, 0.70%; Principal LifeTime 2050, 0.72%. While the operating expenses of the underlying mutual funds are not part of the Principal LifeTime Fund's operating expenses they are included in the Total Investment Expense. Performance results shown for the Principal LifeTime Fund reflect the application of these expenses.


60 This Principal Strategic Asset Management Portfolio (SAM) indirectly bears its pro rata share of the management fees incurred by the underlying Principal Funds in which this portfolio invests. Based on the asset allocation of the SAM Portfolio outlined in the prospectus dated March 1, 2017, the weighted average operating expenses of the underlying funds are: Flexible Income, 0.57%; Conservative Balanced, 0.68%; Balanced, 0.74%; Conservative Growth, 0.79%; Strategic Growth, 0.78%. While the operating expenses of the underlying mutual funds are not part of the SAM Portfolio operating expenses they are included in the Total Investment Expense. Performance results shown for the SAM Portfolios reflect the application of these expenses.


62 Formerly known as Dynamic High Yield Explorer Fund.