Other Accounts Managed | ||||||||||||||
Total Number of Accounts | Total Assets in the Accounts | Number of Accounts that base the Advisory Fee on Performance | Total Assets of the Accounts that base the Advisory Fee on Performance | |||||||||||
Paul H. Blankenhagen(1): Diversified International Fund and International Equity Fund(2) | ||||||||||||||
Registered investment companies | 3 | $852 million | 0 | $0 | ||||||||||
Other pooled investment vehicles | 2 | $3.1 billion | 0 | $0 | ||||||||||
Other Accounts | 12 | $1.4 billion | 1 | $313 million | ||||||||||
George Maris(1): Diversified International Fund and International Equity Fund(2) | ||||||||||||||
Registered investment companies | 3 | $852 million | 0 | $0 | ||||||||||
Other pooled investment vehicles | 2 | $3.1 billion | 0 | $0 | ||||||||||
Other accounts | 12 | $1.4 billion | 1 | $313 million |
Portfolio Manager | PFI Funds Managed by Portfolio Manager | Dollar Range of Securities Owned by the Portfolio Manager | ||||||
Paul H. Blankenhagen(1) | International Equity Fund(2) | None | ||||||
George Maris(1) | International Equity Fund(2) | None |
Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Document Type | dei_DocumentType | 497 |
Document Period End Date | dei_DocumentPeriodEndDate | Oct. 31, 2023 |
Registrant Name | dei_EntityRegistrantName | Principal Funds, Inc. |
Central Index Key | dei_EntityCentralIndexKey | 0000898745 |
Amendment Flag | dei_AmendmentFlag | false |
Document Creation Date | dei_DocumentCreationDate | Jun. 17, 2024 |
Document Effective Date | dei_DocumentEffectiveDate | Jun. 17, 2024 |
Prospectus Date | rr_ProspectusDate | Mar. 01, 2024 |
Entity Inv Company Type | dei_EntityInvCompanyType | N-1A |
Label | Element | Value | ||||||
---|---|---|---|---|---|---|---|---|
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Supplement to Prospectus [Text Block] | rr_SupplementToProspectusTextBlock | Principal Funds, Inc. Supplement dated June 17, 2024 to the Prospectus and Statement of Additional Information both dated March 1, 2024 (as previously supplemented) This supplement updates information currently in the Prospectus and Statement of Additional Information. Please retain this supplement for future reference. The changes described below are being made to the Prospectus. SUMMARY FOR INTERNATIONAL FUND I On June 12, 2024, the Fund’s Board of Directors approved a change to the name of the International Fund I. On July 31, 2024, the International Fund I will change its name to the International Equity Fund. On that date, delete all references in this Prospectus to the International Fund I, and replace with International Equity Fund.
|
||||||
California Municipal Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | California Municipal Fund | ||||||
Core Fixed Income Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Core Fixed Income Fund | ||||||
Core Plus Bond Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Core Plus Bond Fund | ||||||
Diversified Income Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Diversified Income Fund | ||||||
Diversified International Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Diversified International Fund | ||||||
Equity Income Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Equity Income Fund formerly Equity Income Fund I | ||||||
Finisterre Emerging Markets Total Return Bond Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Finisterre Emerging Markets Total Return Bond Fund | ||||||
Global Emerging Markets Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Global Emerging Markets Fund | ||||||
Global Real Estate Securities Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Global Real Estate Securities Fund | ||||||
Government & High Quality Bond Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Government & High Quality Bond Fund | ||||||
Government Money Market Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Government Money Market Fund | ||||||
High Income Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | High Income Fund | ||||||
High Yield Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | High Yield Fund | ||||||
Inflation Protection Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Inflation Protection Fund | ||||||
LargeCap Growth Fund I | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | LargeCap Growth Fund I | ||||||
LargeCap S&P 500 Index Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | LargeCap S&P 500 Index Fund | ||||||
LargeCap Value Fund III | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | LargeCap Value Fund III | ||||||
MidCap Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | MidCap Fund | ||||||
MidCap Growth Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | MidCap Growth Fund | ||||||
MidCap Growth Fund III | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | MidCap Growth Fund III | ||||||
MidCap S&P 400 Index Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | MidCap S&P 400 Index Fund | ||||||
MidCap Value Fund I | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | MidCap Value Fund I | ||||||
Money Market Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Money Market Fund | ||||||
Overseas Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Overseas Fund | ||||||
Principal Capital Appreciation Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal Capital Appreciation Fund | ||||||
Principal LifeTime Strategic Income Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime Strategic Income Fund | ||||||
Principal LifeTime 2015 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime 2015 Fund | ||||||
Principal LifeTime 2020 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime 2020 Fund | ||||||
Principal LifeTime 2025 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime 2025 Fund | ||||||
Principal LifeTime 2030 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime 2030 Fund | ||||||
Principal LifeTime 2035 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime 2035 Fund | ||||||
Principal LifeTime 2040 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime 2040 Fund | ||||||
Principal LifeTime 2045 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime 2045 Fund | ||||||
Principal LifeTime 2050 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime 2050 Fund | ||||||
Principal LifeTime 2055 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime 2055 Fund | ||||||
Principal LifeTime 2060 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime 2060 Fund | ||||||
Principal LifeTime 2065 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime 2065 | ||||||
Principal LifeTime 2070 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime 2070 Fund | ||||||
Principal LifeTime Hybrid Income Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime Hybrid Income Fund | ||||||
Principal LifeTime Hybrid 2015 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime Hybrid 2015 Fund | ||||||
Principal LifeTime Hybrid 2020 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime Hybrid 2020 Fund | ||||||
Principal LifeTime Hybrid 2025 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime Hybrid 2025 Fund | ||||||
Principal LifeTime Hybrid 2030 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime Hybrid 2030 Fund | ||||||
Principal LifeTime Hybrid 2035 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime Hybrid 2035 Fund | ||||||
Principal LifeTime Hybrid 2040 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime Hybrid 2040 Fund | ||||||
Principal LifeTime Hybrid 2045 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime Hybrid 2045 Fund | ||||||
Principal LifeTime Hybrid 2050 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime Hybrid 2050 Fund | ||||||
Principal LifeTime Hybrid 2055 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime Hybrid 2055 Fund | ||||||
Principal LifeTime Hybrid 2060 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime Hybrid 2060 Fund | ||||||
Principal LifeTime Hybrid 2065 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime Hybrid 2065 | ||||||
Principal LifeTime Hybrid 2070 Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Principal LifeTime Hybrid 2070 Fund | ||||||
Real Estate Securities Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Real Estate Securities Fund | ||||||
Strategic Asset Management Balanced Portfolio | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Strategic Asset Management Balanced Portfolio | ||||||
Strategic Asset Management Conservative Balanced Portfolio | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Strategic Asset Management Conservative Balanced Portfolio | ||||||
Strategic Asset Management Conservative Growth Portfolio | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Strategic Asset Management Conservative Growth Portfolio | ||||||
Strategic Asset Management Flexible Income Portfolio | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Strategic Asset Management Flexible Income Portfolio | ||||||
Strategic Asset Management Strategic Growth Portfolio | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Strategic Asset Management Strategic Growth Portfolio | ||||||
Short-Term Income Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Short-Term Income Fund | ||||||
SmallCap Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | SmallCap Fund | ||||||
SmallCap Growth Fund I | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | SmallCap Growth Fund I | ||||||
SmallCap S&P 600 Index Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | SmallCap S&P 600 Index Fund | ||||||
SmallCap Value Fund II | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | SmallCap Value Fund II | ||||||
Tax-Exempt Bond Fund | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Tax-Exempt Bond Fund formerly Tax-Exempt Bond Fund I | ||||||
PFI Prospectus | International Fund I | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | SUMMARY FOR INTERNATIONAL FUND I | ||||||
Strategy [Heading] | rr_StrategyHeading | On July 31, 2024, delete the two paragraphs in the Principal Investment Strategies section in their entirety and replace with the below, with the underlined sentences reflecting the change: | ||||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. The Fund invests primarily in foreign equity securities, including emerging market securities. The Fund typically invests in foreign securities of at least ten countries. The Fund invests in equity securities of small, medium, and large market capitalization companies. The Fund invests in value equity securities, an investment strategy that emphasizes buying equity securities that appear to be undervalued. The Fund also invests in growth equity securities, an investment strategy that emphasizes buying equity securities of companies whose potential for growth of capital and earnings is expected to be above average. The Fund uses derivatives to enhance returns and to manage investment risks. A derivative is a financial arrangement, the value of which is derived from, or based on, a traditional security, asset, or market index. Specifically, the Fund uses currency forwards, futures, and options.
|
||||||
Strategy Portfolio Concentration [Text] | rr_StrategyPortfolioConcentration | Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. The Fund invests primarily in foreign equity securities, including emerging market securities. | ||||||
Risk [Heading] | rr_RiskHeading | On July 31, 2024, add the following alphabetically under Principal Risks: | ||||||
PFI Prospectus | International Fund I | Derivatives Risk Member | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk [Text Block] | rr_RiskTextBlock | Derivatives Risk. Derivatives may not move in the direction anticipated by the portfolio manager. Transactions in derivatives may increase volatility, cause the liquidation of portfolio positions when not advantageous to do so, and result in disproportionate losses that may be substantially greater than a fund’s initial investment. •Currency Contracts. Derivatives related to currency contracts involve the specific risk of government action through exchange controls that would restrict the ability of the fund to deliver or receive currency. •Forward Contracts, Futures, and Swaps. Forward contracts, futures, and swaps involve specific risks, including: the imperfect correlation between the change in market value of the instruments held by the fund and the price of the forward contract, future, or swap; possible lack of a liquid secondary market for a forward contract, future, or swap and the resulting inability to close a forward contract, future, or swap when desired; counterparty risk; and if the fund has insufficient cash, it may have to sell securities from its portfolio to meet daily variation margin requirements. •Options. Options involve specific risks, including: the imperfect correlation between the change in market value of the instruments held by the Fund and the price of the options; counterparty risk; difference in trading hours for the options markets and the markets for the underlying securities (rate movements can take place in the underlying markets that cannot be reflected in the options markets); and an insufficient liquid secondary market for particular options. On July 31, 2024, delete the Investment Advisor and Sub-Advisor and Portfolio Managers sections, and replace with the following: Investment Advisor and Portfolio Managers Principal Global Investors, LLC •Paul H. Blankenhagen (since 2024), Portfolio Manager •George Maris (since 2024), Portfolio Manager ADDITIONAL INFORMATION ABOUT INVESTMENT STRATEGIES AND RISKS On July 31, 2024, in the Strategy and Risk Table for the International Fund I (which will be amended to read International Equity, effective July 31, 2024), add an “X” in the row for Derivatives.
|
||||||
PFI Prospectus | International Fund I | Derivatives Risk, Currency Contracts Risk Member | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk [Text Block] | rr_RiskTextBlock | Currency Contracts. Derivatives related to currency contracts involve the specific risk of government action through exchange controls that would restrict the ability of the fund to deliver or receive currency. | ||||||
PFI Prospectus | International Fund I | Derivatives Risk, Forward Contracts, Futures, And Swaps Risk Member | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk [Text Block] | rr_RiskTextBlock | Forward Contracts, Futures, and Swaps. Forward contracts, futures, and swaps involve specific risks, including: the imperfect correlation between the change in market value of the instruments held by the fund and the price of the forward contract, future, or swap; possible lack of a liquid secondary market for a forward contract, future, or swap and the resulting inability to close a forward contract, future, or swap when desired; counterparty risk; and if the fund has insufficient cash, it may have to sell securities from its portfolio to meet daily variation margin requirements. | ||||||
PFI Prospectus | International Fund I | Derivatives Risk, Options Risk Member | ||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | |||||||
Risk [Text Block] | rr_RiskTextBlock | Options. Options involve specific risks, including: the imperfect correlation between the change in market value of the instruments held by the Fund and the price of the options; counterparty risk; difference in trading hours for the options markets and the markets for the underlying securities (rate movements can take place in the underlying markets that cannot be reflected in the options markets); and an insufficient liquid secondary market for particular options. On July 31, 2024, delete the Investment Advisor and Sub-Advisor and Portfolio Managers sections, and replace with the following: Investment Advisor and Portfolio Managers Principal Global Investors, LLC •Paul H. Blankenhagen (since 2024), Portfolio Manager •George Maris (since 2024), Portfolio Manager ADDITIONAL INFORMATION ABOUT INVESTMENT STRATEGIES AND RISKS On July 31, 2024, in the Strategy and Risk Table for the International Fund I (which will be amended to read International Equity, effective July 31, 2024), add an “X” in the row for Derivatives.
|
]*HR\9=
M$O6+M^+G+HXG+HV #(LDW1J1 @$&=34I,.U> KW4\UYY
MM_>_8*O'R]3U!^L6QJBX2E=TVP\)T/5][NMF_6+[R[L77PXOOU
MYGOOMP>7;?&DR]CWEWSB+)-NJX>@X_I
M;[Q'E&;KI?F8]$J]7[7PT'.I<#P<2B@!1?4S7NTT
M[_D749U22/5^D[ 5>K\#//2Z *#8^U5S>;^JV_M5F8KB_')Q+(KW,H2HGE%I
MFQM:0:PT4 6@!%6 $J* \@@"J2&V004D>*^TE+,41E::VU)_MT03[J[/B^6R
M_@P"-DV+4G'V5J5.+!<4*OYVKU'Q#W
4\K )%H8,I"IU+46BWHM#!%(4MK!-$4N0!M-X"BJ$#1@L,B Z8<*,"
MDWGW&XA-K2CGG9=.*:0J2A*V0D49P">[ *!84=A