November 18, 2011
via EDGAR
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
Re:	Principal Funds, Inc.
	File No. 033-59474
	Application for Withdrawal Pursuant to Rule 477
Dear Sir or Madam:
Pursuant to Rule 477(a) of the Securities Act of 1933, as amended, Principal Funds, Inc. (the
"Company") hereby respectfully applies for the withdrawal of the above-referenced registration
statement on Form N-14 filed with the Securities and Exchange Commission ("SEC") on
November 8, 2011 (Accession No: 0000898745-11-000766) (the “Registration Statement”).
The Registration Statement was filed with respect to proposed reorganizations relating to certain
series of the Company. There were no securities sold or issued pursuant to the Registration
Statement.
The Company submits that withdrawal of the Registration Statement is consistent with the public
interest and the protection of investors.
We appreciate your assistance in this matter. If you have any questions regarding this matter,
please contact the undersigned at (515) 235-9238.
Very truly yours,
/s/ Adam U. Shaikh
Adam U. Shaikh
Assistant Counsel