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Label Element Value
Prospectus: rr_ProspectusTable  
Supplement [Text Block] ck0000898745_SupplementTextBlock
Principal Funds, Inc.
 
Supplement dated December 15, 2017
to the Statutory Prospectus dated June 12, 2017


This supplement updates information currently in the Statutory Prospectus. Please retain this supplement for future reference.

Document Type dei_DocumentType 497
Document Period End Date dei_DocumentPeriodEndDate Aug. 31, 2016
Entity Registrant Name dei_EntityRegistrantName PRINCIPAL FUNDS INC
Central Index Key dei_EntityCentralIndexKey 0000898745
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Dec. 15, 2017
Document Effective Date dei_DocumentEffectiveDate Dec. 15, 2017
Prospectus Date rr_ProspectusDate Dec. 15, 2017
Principal Funds Inc | Preferred Securities Fund [Member]  
Prospectus: rr_ProspectusTable  
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock
Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowing for investment purposes, in preferred securities at the time of purchase. Preferred securities include preferred stock and various types of subordinated debt and convertible securities. Preferred securities may pay fixed rate or adjustable rate dividends and generally have “preference” over common stock in the payment of dividends, but are junior to the issuer’s senior debt in a liquidation of the issuer’s assets.
The Fund also invests in contingent convertible securities (“Cocos”), which are hybrid debt securities typically issued by banking institutions that have contractual equity conversion or principal write-down features that are triggered by regulatory capital thresholds or regulatory actions calling into question that issuing banking institution’s continued viability as a going-concern if the conversion trigger were not exercised.