Investment adviser · CRD 109002

PRINCIPAL ASSET MANAGEMENT

Investment adviser filing (IA)

PRINCIPAL GLOBAL INVESTORS, LLC

DES MOINES, IA, United States · Form ADV filed May 28, 2026

Regulatory AUM: $428B
Client accounts: 8,169
Employees: 1,394
Advisory professionals: 337

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Investment companies	101	$150,645,770,950	35.2%
Insurance companies	60	$145,344,206,065	34.0%
Retirement plans	578	$41,042,340,874	9.6%
Pooled investment vehicles	29	$39,989,121,676	9.3%
Corporations & businesses	951	$17,260,991,947	4.0%
Sovereign wealth & foreign institutions	12	$14,280,129,773	3.3%
Banks & thrifts	37	$8,497,534,123	2.0%
Government entities	78	$5,535,672,722	1.3%
Individuals	6,014	$2,109,595,374	0.5%
Charities	30	$2,037,675,779	0.5%
High-net-worth individuals	315	$969,682,346	0.2%
Other investment advisers	Fewer than 5	$0	0.0%

Filing source

Form ADV 2107760 · May 28, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

28 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

FINISTERRE EMD TOTAL RETURN FUND, LPHedge Fund · Last reported May 28, 2026$330MGross asset value

Form D fundraising filings

Finisterre EMD Total Return Fund, L.P.

Fund administrator STATE STREET BANK AND TRUST BOSTON, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP MINNEAPOLIS, Minnesota, United States

Custodian STATE STREET BANK AND TRUST BOSTON, Massachusetts, United States Related to adviser: No

Marketer PRINCIPAL FUNDS DISTRIBUTOR, INC. FOLSOM, California, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG LLP
PCAOB 42

STATE STREET BANK AND TRUST
LEI 571474TGEMMWANRLN572

PRINCIPAL FUNDS DISTRIBUTOR, INC.
CRD 43261 · SEC 8-50200

Fund details & source

Fund ID: 805-1537519473
Reported beneficial owners: 3
Minimum commitment: $20M
Form D file number: 021-390632

Form ADV 2107760 · May 28, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

PRINCIPAL ALTERNATIVE CREDIT UNLEVERED FUND, LPHedge Fund · Last reported May 28, 2026$165MGross asset value

Feeder funds

PRINCIPAL ALTERNATIVE CREDIT FUND EMPLOYEES, LP
PRINCIPAL ALTERNATIVE CREDIT RATED NOTE FEEDER FUND, LP

Fund administrator STANDISH MANAGEMENT SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG DES MOINES, Iowa, United States

Custodian CITIBANK NEW YORK, New York, United States Related to adviser: No

Marketer PRINCIPAL FUNDS DISTRIBUTOR, INC. DES MOINES, Iowa, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG
PCAOB 42

PRINCIPAL FUNDS DISTRIBUTOR, INC.
CRD 43261 · SEC 8-50200

Fund details & source

Fund ID: 805-4130439703
Reported beneficial owners: 3
Minimum commitment: $5M
Form D file number: 021-1930524

Form ADV 2107760 · May 28, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

PAC EVERGREEN FUND, LPHedge Fund · Last reported May 28, 2026$108MGross asset value

Fund administrator STANDISH MANAGEMENT SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG DES MOINES, Iowa, United States

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: No
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG
PCAOB 42

Fund details & source

Fund ID: 805-1392471698
Reported beneficial owners: 1
Minimum commitment: $0

Form ADV 2107760 · May 28, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

PRINCIPAL ALTERNATIVE CREDIT UNLEVERED FUND (OFFSHORE), LPHedge Fund · Last reported May 28, 2026$86.1MGross asset value

Fund administrator STANDISH MANAGEMENT SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG DES MOINES, Iowa, United States

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: No
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG
PCAOB 42

Fund details & source

Fund ID: 805-7952071342
Reported beneficial owners: 1
Minimum commitment: $0

Form ADV 2107760 · May 28, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

PAC SEPARATE ACCOUNT (CAYMAN) IV, LPPrivate Equity Fund · Last reported May 28, 2026$67.8MGross asset value

Auditor ERNST & YOUNG DES MOINES, Iowa, United States

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: No
Administrator other than the adviser: No
External marketing: No

ERNST & YOUNG
PCAOB 42

Fund details & source

Fund ID: 805-6138183749
Reported beneficial owners: 1
Minimum commitment: $0

Form ADV 2107760 · May 28, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

PAC SEPARATE ACCOUNT (CAYMAN) II, LPPrivate Equity Fund · Last reported May 28, 2026$56.4MGross asset value

Auditor ERNST & YOUNG DES MOINES, Iowa, United States

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: No
Administrator other than the adviser: No
External marketing: No

ERNST & YOUNG
PCAOB 42

Fund details & source

Fund ID: 805-2824928364
Reported beneficial owners: 1
Minimum commitment: $0

Form ADV 2107760 · May 28, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

PAC SEPARATE ACCOUNT (CAYMAN) III, LPPrivate Equity Fund · Last reported May 28, 2026$56.3MGross asset value

Auditor ERNST & YOUNG DES MOINES, Iowa, United States

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: No
Administrator other than the adviser: No
External marketing: No

ERNST & YOUNG
PCAOB 42

Fund details & source

Fund ID: 805-2114906920
Reported beneficial owners: 2
Minimum commitment: $0

Form ADV 2107760 · May 28, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: May 28, 2026. View historical filings

Reported services

Individual portfolio management · Investment company portfolio management · Pooled investment vehicle management · Business portfolio management · Selection of other advisers · Educational seminars

Compensation

Percentage of assets · Fixed · Performance-based

Principal office

801 GRAND AVE
DES MOINES, IA, 50392-0001, United States

CRD 109002

Filing source

Form ADV 2107760 · May 28, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.