0001144204-11-072069 Sample Contracts

PRINCIPAL FUNDS, INC. SUB-ADVISORY AGREEMENT LOOMIS, SAYLES & COMPANY, L.P. SUB-ADVISED FUND
Sub-Advisory Agreement • December 29th, 2011 • Principal Funds Inc • Iowa

AGREEMENT executed as of the October 24, 2011, by and between PRINCIPAL MANAGEMENT CORPORATION, an Iowa corporation (hereinafter called "the Manager"), and LOOMIS, SAYLES & COMPANY, L.P., a Delaware Limited Partnership (hereinafter called “the Sub-Advisor).

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PRINCIPAL FUNDS, INC. SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • December 29th, 2011 • Principal Funds Inc • Iowa

AGREEMENT executed as of the 24th date of October, 2011, by and between PRINCIPAL MANAGEMENT CORPORATION, an Iowa corporation (hereinafter called "the Manager"), and AQR CAPITAL MANAGEMENT, LLC , a Delaware Limited Liability Company (“AQR”) and CNH PARTNERS, LLC, a Delaware Limited Liability Company ( “CNH”, and together with AQR, the “Sub-Advisor”).

PRINCIPAL FUNDS, INC. SUB-ADVISORY AGREEMENT HERNDON CAPITAL MANAGEMENT, LLC SUB-ADVISED FUND
Sub-Advisory Agreement • December 29th, 2011 • Principal Funds Inc

AGREEMENT executed as of the 27th of June, 2011, by and between PRINCIPAL MANAGEMENT CORPORATION, an lowa corporation (hereinafter called "the Manager"), and HERNDON CAPITAL MANAGEMENT, LLC, a Delaware Limited Liability Company (hereinafter called "the Sub-Advisor).

PRINCIPAL FUNDS, INC. SUB-ADVISORY CONSULTING AGREEMENT GLOBAL MULTI-STRATEGY SUB-ADVISED FUND
Sub-Advisory Consulting Agreement • December 29th, 2011 • Principal Funds Inc • Iowa

AGREEMENT executed as of the 24th of October, 2011, by and between PRINCIPAL MANAGEMENT CORPORATION, an Iowa corporation (hereinafter called "the Manager"), and Cliffwater, LLC, a Delaware limited liability company (hereinafter called “the Sub-Advisor”).

PRINCIPAL FUNDS, INC. AMENDED AND RESTATED SUB-ADVISORY AGREEMENT PRINCIPAL REAL ESTATE INVESTORS SUB-ADVISED SERIES
Sub-Advisory Agreement • December 29th, 2011 • Principal Funds Inc • Iowa

AGREEMENT effective as of October 1, 2011, by and between PRINCIPAL MANAGEMENT CORPORATION (hereinafter called "the Manager"), and PRINCIPAL REAL ESTATE INVESTORS, LLC (hereinafter called "the Sub-Advisor").

PRINCIPAL FUNDS, INC. AMENDED AND RESTATED SUB-ADVISORY AGREEMENT SMALLCAP VALUE FUND II, MIDCAP VALUE FUND I AND GLOBAL MULTI-STRATEGY FUND
Sub-Advisory Agreement • December 29th, 2011 • Principal Funds Inc • Iowa

AGREEMENT executed as of 24th of October, 2011, by and between PRINCIPAL MANAGEMENT CORPORATION (hereinafter called "the Manager"), and LOS ANGELES CAPITAL MANAGEMENT AND EQUITY RESEARCH, INC. (“LA Capital”) (hereinafter called "the Sub-Advisor").

AMENDED AND RESTATED TRANSFER AGENCY AGREEMENT FOR CLASS A, CLASS B, CLASS C, CLASS J, Class P, INSTITUTIONAL CLASS, AND PLAN CLASS SHARES
Transfer Agency Agreement • December 29th, 2011 • Principal Funds Inc

AGREEMENT to be effective November 1, 2011, by and between PRINCIPAL FUNDS, INC., a Maryland corporation (hereinafter called the “Fund”) and PRINCIPAL SHAREHOLDER SERVICES, INC., a Washington corporation (hereinafter called “the Administrator”).

PRINCIPAL FUNDS, INC. DISTRIBUTION PLAN AND AGREEMENT CLASS A SHARES
Distribution Plan and Agreement • December 29th, 2011 • Principal Funds Inc

DISTRIBUTION PLAN AND AGREEMENT made as of October 24, 2011, by and between PRINCIPAL FUNDS, INC., a Maryland corporation (the "Fund"), and PRINCIPAL FUNDS DISTRIBUTOR, INC., a Washington corporation (the " Distributor ").

PRINCIPAL FUNDS, INC. SUB-ADVISORY AGREEMENT PACIFIC INVESTMENT MANAGEMENT COMPANY LLC
Sub-Advisory Agreement • December 29th, 2011 • Principal Funds Inc • Iowa

AGREEMENT executed as of the 24th of October, 2011, by and between PRINCIPAL MANAGEMENT CORPORATION, an Iowa corporation (hereinafter called "the Manager"), and PACIFIC INVESTMENT MANAGEMENT COMPANY LLC, a Delaware Limited Liability Company (hereinafter called “the Sub-Advisor”).

PRINCIPAL FUNDS, INC. AMENDED AND RESTATED MANAGEMENT AGREEMENT
Management Agreement • December 29th, 2011 • Principal Funds Inc

AGREEMENT to be effective October 24, 2011 by and between PRINCIPAL FUNDS, INC., a Maryland corporation (hereinafter called the “Fund”) and PRINCIPAL MANAGEMENT CORPORATION, an Iowa corporation (hereinafter called the “Manager”).

PRINCIPAL FUNDS, INC. SUB-ADVISORY AGREEMENT WELLINGTON MANAGEMENT COMPANY, LLP SUB-ADVISED FUND
Sub-Advisory Agreement • December 29th, 2011 • Principal Funds Inc • Iowa

AGREEMENT executed as of the 24th of October, 2011, by and between PRINCIPAL MANAGEMENT CORPORATION, an Iowa corporation (hereinafter called "the Manager"), and WELLINGTON MANAGEMENT COMPANY, LLP, a Massachusetts Limited Liability Partnership (hereinafter called “the Sub-Advisor).

PRINCIPAL FUNDS, INC. SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • December 29th, 2011 • Principal Funds Inc • Iowa

AGREEMENT executed as of the October 5, 2011, by and between PRINCIPAL MANAGEMENT CORPORATION, an Iowa corporation (hereinafter called "the Manager"), and W.H. REAVES & CO., INC., a Delaware Corporation (hereinafter called “the Sub-Advisor).

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