SCHEDULE OF INVESTMENTS

Transcription

1 Australia Aristocrat Leisure Ltd 481,041 $ 5,366, % Macquarie Group Ltd 64,446 $ 4,037, % CSR Ltd 576,000 $ 1,915, % Fortescue Metals Group Ltd 445,000 $ 1,859,660 JB Hi-Fi Ltd 90,000 $ 1,819,129 Total Australia $ 14,997, % Belgium Colruyt SA 70,000 $ 3,459,758 Total Belgium $ 3,459,758 Brazil Kroton Educacional SA 650,000 $ 2,654, % Total Brazil $ 2,654, % Canada Alimentation Couche-Tard Inc 89,200 $ 4,044, % CCL Industries Inc 16,000 $ 3,143, % Open Text Corp 38,000 $ 2,346,822 Industrial Alliance Insurance & Financial Services Inc 50,000 $ 1,988, % Total Canada $ 11,523, % China Tencent Holdings Ltd 288,200 $ 6,988, % NetEase Inc 27,900 $ 6,007, % AAC Technologies Holdings Inc 487,007 $ 4,408, % Ping An Insurance Group Co of China Ltd 695,000 $ 3,452,818 Sunny Optical Technology Group Co Ltd 732,700 $ 3,193, % China Construction Bank Corp 3,637,000 $ 2,785, % TravelSky Technology Ltd 1,300,000 $ 2,724, % Geely Automobile Holdings Ltd 2,863,000 $ 2,721, % New Oriental Education & Technology Group Inc 57,000 $ 2,399, % Anhui Conch Cement Co Ltd 740,000 $ 2,002, % PICC Property & Casualty Co Ltd 1,255,000 $ 1,941, % China Minsheng Banking Corp Ltd 1,731,000 $ 1,841,895 Shenzhou International Group Holdings Ltd 291,000 $ 1,834,661 China Merchants Bank Co Ltd 780,000 $ 1,819,070 Great Wall Motor Co Ltd 1,900,000 $ 1,762, % Alibaba Group Holding Ltd 20,000 $ 1,756, % Sinopharm Group Co Ltd 407,000 $ 1,668, % Hollysys Automation Technologies Ltd 86,000 $ 1,575,520 China Shenhua Energy Co Ltd 830,000 $ 1,551, % Zhejiang Expressway Co Ltd 1,430,000 $ 1,361, % Total China $ 53,795, %

2 Denmark Novo Nordisk A/S 88,389 $ 3,170, % Total Denmark $ 3,170, % Faroe Islands Bakkafrost P/F 72,000 $ 2,855, % Total Faroe Islands $ 2,855, % Finland Neste Oyj 90,000 $ 3,444,091 Total Finland $ 3,444,091 France Atos SE 64,382 $ 6,785, % Valeo SA 101,550 $ 5,829, % Thales SA 54,430 $ 5,273, % Teleperformance 42,374 $ 4,248, % Safran SA 42,330 $ 3,044, % Ipsen SA 40,367 $ 2,916, % Criteo SA 52,000 $ 2,136,160 Capgemini SA 21,400 $ 1,802,938 Total France $ 32,037, % Germany Infineon Technologies AG 215,000 $ 3,718, % Symrise AG 57,000 $ 3,463,202 Allianz SE 14,118 $ 2,330,013 MTU Aero Engines AG 18,257 $ 2,105, % Daimler AG 28,055 $ 2,082, % Total Germany $ 13,700, % Hong Kong Guangdong Investment Ltd 3,427,500 $ 4,513, % China Mobile Ltd 312,200 $ 3,291, % China Overseas Land & Investment Ltd 892,400 $ 2,348,039 Xinyi Glass Holdings Ltd 2,304,000 $ 1,877,016 China Resources Gas Group Ltd 565,000 $ 1,582,864 Total Hong Kong $ 13,613, % Hungary Richter Gedeon Nyrt 92,000 $ 1,943, % Total Hungary $ 1,943, % Ireland ICON PLC 34,000 $ 2,556, % DCC PLC 21,000 $ 1,560,961

3 Total Ireland $ 4,117, % Isle of Man Paysafe Group PLC 397,000 $ 1,813,740 Total Isle of Man $ 1,813,740 Israel Nice Ltd 30,000 $ 2,062,800 Total Israel $ 2,062,800 Italy Brembo SpA 70,852 $ 4,286, % Total Italy $ 4,286, % Japan Nissan Chemical Industries Ltd 184,900 $ 6,163, % Koito Manufacturing Co Ltd 101,800 $ 5,376, % Haseko Corp 407,000 $ 4,126, % KDDI Corp 149,800 $ 3,782, % Fujitsu General Ltd 167,700 $ 3,542, % Central Japan Railway Co 18,700 $ 3,070, % Kyowa Exeo Corp 211,000 $ 3,030, % Daito Trust Construction Co Ltd 20,000 $ 3,006, % Nomura Research Institute Ltd 97,240 $ 2,955, % Nitori Holdings Co Ltd 24,000 $ 2,736, % Open House Co Ltd 95,000 $ 2,254, % Bandai Namco Holdings Inc 79,300 $ 2,182, % Tokyo Electron Ltd 22,000 $ 2,069,087 Start Today Co Ltd 120,000 $ 2,067,156 Fukuoka Financial Group Inc 453,000 $ 2,009, % Shimano Inc 12,000 $ 1,879,594 Dip Corp 90,000 $ 1,854,544 Mitsubishi Tanabe Pharma Corp 94,000 $ 1,840,511 Iida Group Holdings Co Ltd 91,000 $ 1,725, % Total Japan $ 55,672, % Jersey, Channel Islands Centamin PLC 1,616,000 $ 2,735, % Total Jersey, Channel Islands $ 2,735, % Korea, Republic Of Samsung Electronics Co Ltd 4,500 $ 6,697, % NAVER Corp 7,500 $ 4,802, % Hankook Tire Co Ltd 50,000 $ 2,403, % Lotte Chemical Corp 7,000 $ 2,133,190 SK Innovation Co Ltd 17,000 $ 2,057,308

4 KT&G Corp 18,863 $ 1,577,887 Total Korea, Republic Of $ 19,672, % Mexico Grupo Aeroportuario del Centro Norte SAB de CV 390,000 $ 1,678, % Promotora y Operadora de Infraestructura SAB de CV 195,100 $ 1,628, % Total Mexico $ 3,306, % Norway Leroy Seafood Group ASA 40,000 $ 2,226, % Salmar ASA 58,000 $ 1,731, % Total Norway $ 3,958, % Russian Federation Sberbank of Russia PJSC 420,000 $ 4,835, % X5 Retail Group NV 91,000 $ 2,955, % LUKOIL PJSC 50,000 $ 2,800, % Novatek PJSC 20,000 $ 2,590, % Total Russian Federation $ 13,182, % South Africa Kumba Iron Ore Ltd 186,000 $ 2,139,599 SPAR Group Ltd/The 127,000 $ 1,840,457 Total South Africa $ 3,980, % Spain Mapfre SA 992,000 $ 3,021, % Amadeus IT Group SA 50,000 $ 2,267, % Total Spain $ 5,289, % Sweden Intrum Justitia AB 87,092 $ 2,936, % Atlas Copco AB - A Shares 70,000 $ 2,123,560 Total Sweden $ 5,059, % Switzerland Actelion Ltd 23,000 $ 4,970, % Partners Group Holding AG 9,368 $ 4,385, % Sika AG 550 $ 2,638, % Swiss Life Holding AG 7,997 $ 2,258, % Temenos Group AG 29,000 $ 2,015, % Total Switzerland $ 16,269, % Taiwan, Province Of China Taiwan Semiconductor Manufacturing Co Ltd 239,800 $ 6,894, %

5 China Life Insurance Co Ltd/Taiwan 2,719,600 $ 2,688, % Largan Precision Co Ltd 23,000 $ 2,680, % Silicon Motion Technology Corp 55,000 $ 2,336,400 Lite-On Technology Corp 1,519,546 $ 2,285, % Hon Hai Precision Industry Co Ltd 828,000 $ 2,153, % Fubon Financial Holding Co Ltd 1,355,000 $ 2,135,951 Win Semiconductors Corp 670,565 $ 1,880,911 Pegatron Corp 720,000 $ 1,712, % Micro-Star International Co Ltd 750,000 $ 1,701, % St Shine Optical Co Ltd 85,000 $ 1,622, % Foxconn Technology Co Ltd 560,000 $ 1,473, % Total Taiwan, Province Of China $ 29,567, % Thailand Siam Cement PCL/The 130,000 $ 1,804,312 Total Thailand $ 1,804,312 Turkey KOC Holding AS 383,000 $ 1,496, % Total Turkey $ 1,496, % United Kingdom Ashtead Group PLC 239,000 $ 4,646, % Prudential PLC 177,238 $ 3,537, % Reckitt Benckiser Group PLC 38,700 $ 3,278, % Bellway PLC 80,421 $ 2,451, % JD Sports Fashion PLC 500,000 $ 1,960, % Intertek Group PLC 42,000 $ 1,800,049 Johnson Matthey PLC 46,000 $ 1,799,864 Bunzl PLC 62,000 $ 1,609, % Next PLC 25,941 $ 1,591,377 Taylor Wimpey PLC 765,052 $ 1,442, % Total United Kingdom $ 24,117, % United States First American Government Obligations Fund 8,182,807 $ 8,182, % Shire PLC 36,000 $ 2,055,585 Total United States $ 10,238, % Total Market Value $ 365,827, % Cash Total Net Assets 1,031,092 $ 366,858, % %

6 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. Portfolio holdings may not reflect the current portfolio composition. The holdings listed do not constitute a recommendation to purchase or sell a particular security. Insurance products and plan administrative services, if applicable, are provided by Principal Life Insurance Company. Principal mutual funds are part of the Principal Funds, Inc. series. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities are offered through Principal Securities, Inc., , member SIPC and/or independent broker/dealers. Securities sold by a Principal Securities Registered Representative are offered through Principal Securities. Principal Funds Distributor, Principal Securities and Principal Life are members of Principal Financial Group, Des Moines, IA Certain investment options may not be available in all states or U.S. commonwealths. Investors should carefully consider a mutual fund s investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting principal.com, or calling Read the prospectus carefully before investing. A mutual fund's share price and investment return will vary with market conditions, and the principal value of an investment when you sell your shares may be more or less than the original cost. Information is current as of the creation of this piece. Keep in mind that portfolio holdings are subject to risk.