January 23, 2015

Ms. Nora Everett, President

Principal Funds, Inc.

Principal Financial Group

Des Moines, IA 50392-2080

Dear Ms. Everett:

Principal Financial Services, Inc. intends to purchase the following shares (the “Shares”):

Principal Funds, Inc. -	Purchase Amount		Shares Purchased
Origin Emerging Markets Fund – Class A		$4,000,000	400,000
Origin Emerging Markets Fund – Institutional Class		$3,000,000	300,000
Origin Emerging Markets Fund – Class R-6		$3,000,000	300,000

Each share of Origin Emerging Markets Fund has a par value of $0.01 and a price of $10 per share. In connection with such purchase, Principal Financial Services, Inc. represents and warrants that it will purchase such Shares as an investment and not with a view to resell, distribute or redeem.

PRINCIPAL FINANCIAL SERVICES, INC.

BY /s/ Clint Woods

Clint Woods

Assistant General Counsel