Principal Funds Inc.

08/02/2021 | Press release | Distributed by Public on 08/02/2021 09:43

Filing by Investment Company (SEC Filing - 497)


Principal Funds, Inc.
Supplement dated August 2, 2021
to the Statement of Additional Information dated March 1, 2021
(as previously supplemented)

This supplement updates information currently in the Statement of Additional Information. Please retain this supplement for future reference.
LEADERSHIP STRUCTURE AND BOARD
Under Additional Information Regarding Board Members and Officers, in the FUND COMPLEX OFFICERS table, delete the rows for Tracy W. Bollin and Sara L. Reece, and add the following in alphabetical order:
Name, Address
and Year of Birth
Position(s) Held
with Fund Complex
Positions with PGI and its Affiliates;
Principal Occupations During Past 5 Years**
Beth Graff
711 High Street
Des Moines, IA 50392
1968

Vice President and Assistant Controller (since 2021)

Director - Fund Accounting, PLIC (since 2016)

Megan Hoffmann
711 High Street
Des Moines, IA 50392
1979

Vice President and Controller (since 2021)
Director - Accounting, PLIC (since 2020)
Assistant Director - Accounting, PLIC (2017-2020)
Prior thereto, Senior Accounting Analyst, PLIC
Tara Parks
711 High Street
Des Moines, IA 50392
1983

Vice President and Assistant Controller (since 2021)
Director - Accounting, PLIC (since 2019)
Tax Manager - ALPS Fund Services (2011 - 2019)
Sara L. Reece
711 High Street
Des Moines, IA 50392
1975

Vice President and Chief Operating Officer (since 2021)
Vice President and Controller (2016-2021)
Managing Director - Global Fund Ops, PLIC (since 2021)
Managing Director - Financial Analysis/ Planning, PLIC (2021)
Director - Accounting, PLIC (2015-2021)
Michael Scholten
711 High Street
Des Moines, IA 50392
1979

Chief Financial Officer (since 2021)
Chief Financial Officer, PFD (since 2016)
Assistant Vice President and Actuary, PLIC (since 2021)
Chief Financial Officer - Funds/Platforms, PLIC (since 2015)
Chief Financial Officer, PSS (since 2015)
INVESTMENT ADVISORY AND OTHER SERVICES
On or about August 31, 2021, under Investment Advisors, delete Mellon Investments Corporation andadd the following in alphabetical order:

Sub-Advisor:
Insight North America LLC ('INA') is a wholly-owned subsidiary of The Bank of New York Mellon Corporation, a banking and financial services company. INA is a registered investment advisor under the Investment Advisers Act of 1940, is regulated by the US Securities and Exchange Commission, and is organized as a New York State limited liability company.
Fund(s): a portion of the assets of High Income
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APPENDIX C - PROXY VOTING POLICIES
On or about August 31, 2021, delete the proxy voting policy for Mellon Investments Corporation and add the proxy voting policy for Insight North America LLC.
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