AMENDMENT TO SCHEDULE II

Execution

AMENDMENT TO SCHEDULE II

Schedule II to the Custody Agreement between Principal Funds, Inc. and The Bank of New York Mellon effective November 11, 2011, as amended (the "Agreement") is hereby amended effective April 30, 2019 to (i) add the Principal Funds, Inc. - Small-MidCap Growth Fund as a Series under the Agreement and to remove Principal Funds, Inc. - Dynamic Floating Rate High Income Fund (formerly Principal Funds, Inc. - Dynamic High Yield Explorer Fund) as a series under the Agreement.

Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms.

Each party represents and warrants to the other party that it has full authority to enter into this Amendment to Schedule II of the Agreement upon the terms and conditions hereof and that the individual executing this Amendment to Schedule II on its behalf has the requisite authority to bind such party to this Amendment to Schedule 11 and the Agreement.

	PRINCIPAL FUNDS, INC.		THE BANK OF NEW YORK MELLON
By:	/s/ Xxxx X. Xxxxx	By:	/s/ Xxxxxx Xxxxxxx
Name:	Xxxx X. Xxxxx	Name:	Xxxxxx Xxxxxxx
Title:	Vice President & Controller	Title:	Vice President
Date:	April 23, 2019	Date:	April 25, 2019
	PRINCIPAL FUNDS, INC.
By:	/s/ Xxx X. Xxxxxxxx
Name:	Xxx X. Xxxxxxxx
Title:	Assistant Treasurer
Date:	April 23, 2019

SCHEDULE II

List of Series

(As of April 30, 2019)

Principal Funds, Inc. - Blue Chip Fund

Principal Funds, Inc. - Bond Market Index Fund

Principal Funds, Inc. - California Municipal Fund

Principal Funds, Inc. - Capital Securities Fund

Principal Funds, Inc. - Core Plus Bond fund (formerly, Bond & Mortgage Securities Fund)

Principal Funds, Inc. - Diversified International Fund

Principal Funds, Inc. - Diversified Real Asset Fund

Principal Funds, Inc. - EDGE MidCap Fund

Principal Funds, Inc. - Equity Income Fund

Principal Funds, Inc. - Finisterre Unconstrained Emerging Markets Bond Fund

Principal Funds, Inc. - Global Diversified Income Fund

Principal Funds, Inc. - Global Multi-Strategy Fund

Principal Funds, Inc. - Global Opportunities Fund

Principal Funds, Inc. - Global Real Estate Securities Fund

Principal Funds, Inc. - Government & High Quality Bond Fund

Principal Funds, Inc. - Government Money Market Fund

Principal Funds, Inc. - High Yield Fund

Principal Funds, Inc. - High Yield Fund I

Principal Funds, Inc. - Income Fund

Principal Funds, Inc. - Inflation Protection Fund

Principal Funds, Inc.- International Emerging Markets Fund

Principal Funds, Inc. - International Equity Index Fund

Principal Funds, Inc. - International Fund I

Principal Funds, Inc. - International Small Company Fund Principal Funds, Inc. - LargeCap Growth Fund

Principal Funds, Inc. - LargeCap Growth Fund I

Principal Funds, Inc. - LargeCap Growth Fund II

Principal Funds, Inc. - LargeCap S&P 500 Index Fund Principal Funds, Inc. - LargeCap Value Fund

Principal Funds, Inc. - LargeCap Value Fund III

Principal Funds, Inc. - MidCap Fund

Principal Funds, Inc. - MidCap Growth Fund

Principal Funds, Inc. - MidCap Growth Fund III

Principal Funds, Inc. - MidCap S&P 400 Index Fund Principal Funds, Inc. - MidCap Value Fund I

Principal Funds, Inc. - MidCap Value Fund III Principal Funds, Inc. - Money Market Fund

Principal Funds, Inc. - Multi-Manager Equity Long/Short Fund

Principal Funds, Inc. - Opportunistic Municipal Fund

Principal Funds, Inc. - Origin Emerging Markets Fund

Principal Funds, Inc. - Overseas Fund

Principal Funds, Inc. - Preferred Securities fund

Principal Funds, Inc. - Principal Capital Appreciation Fund

Principal Funds, Inc. - Principal LifeTime 2010 Fund

Principal Funds, Inc. - Principal LifeTime 2015 Fund

Principal Funds, Inc. - Principal LifeTime 2020 Fund

Principal Funds, Inc. - Principal LifeTime 2025 Fund

Principal Funds, Inc. - Principal LifeTime 2030 Fund

Principal Funds, Inc. - Principal LifeTime 2035 Fund

Principal Funds, Inc. - Principal LifeTime 2040 Fund

Principal Funds, Inc. - Principal LifeTime 2045 Fund

Principal Funds, Inc. - Principal LifeTime 2050 Fund

Principal Funds, Inc. - Principal LifeTime 2055 Fund

Principal Funds, Inc. - Principal LifeTime 2060 Fund

Principal Funds, Inc. - Principal LifeTime 2065 Fund

Principal Funds, Inc. - Principal LifeTime Hybrid Income Fund

Principal Funds, Inc . - Principal LifeTime Hybrid 2015 Fund

Principal Funds, Inc. - Principal LifeTime Hybrid 2020 Fund

Principal Funds, Inc. - Principal LifeTime Hybrid 2025 Fund

Principal Funds, Inc. - Principal LifeTime Hybrid 2030 Fund

Principal Funds, Inc. - Principal LifeTime Hybrid 2035 Fund

Principal Funds, Inc. - Principal LifeTime Hybrid 2040 Fund

Principal Funds, Inc. - Principal LifeTime Hybrid 2045 Fund

Principal Funds, Inc. - Principal LifeTime Hybrid 2050 Fund

Principal Funds, Inc. - Principal LifeTime Hybrid 2055 Fund

Principal Funds, Inc. - Principal LifeTime Hybrid 2060 Fund

Principal Funds, Inc. - Principal LifeTime Hybrid 2065 Fund

Principal Funds, Inc. - Principal LifeTime Strategic Income Fund Principal Funds, Inc. - Real Estate Allocation Fund

Principal Funds, Inc. - Real Estate Debt Income Fund Principal Funds, Inc. - Real Estate Securities Fund

Principal Funds, Inc. - XXX Balanced Portfolio

Principal Funds, Inc. - XXX Conservative Balanced Portfolio Principal Funds, Inc. - XXX Conservative Growth Portfolio Principal Funds, Inc. - XXX Flexible Income Portfolio

Principal Funds, Inc. - XXX Strategic Growth Portfolio

Principal Funds, Inc. - Short-Term Income Fund

Principal Funds, Inc. - Small-MidCap Dividend Income Fund

Principal Funds, Inc . - Small MidCap Growth Fund

Principal Funds, Inc. - SmallCap Fund (formerly, SmallCap Blend Fund)

Principal Funds, Inc. - SmallCap Growth Fund I

Principal Funds, Inc. - SmallCap S&P 600 Index Fund Principal Funds, Inc. - SmallCap Value Fund II

Principal Funds, Inc. - SystematEX International Fund Principal Funds, Inc. - SystematEX Large Value Fund Principal Funds, Inc. - Tax-Exempt Bond Fund