Principal Funds N-14 Registration statement for investment companies business combination

Principal Funds, Inc. 711 High Street, Des Moines, IA 50392 515 247 5111 tel

July 24, 2019

Via EDGAR

Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

RE:	Principal Funds, Inc.
	Registration Statement on Form N-14

Ladies and Gentlemen:

On behalf of Principal Funds, Inc. ("PFI"), we transmit herewith for filing with the Securities and Exchange Commission pursuant to Rule 488 under the Securities Act of 1933, as amended (the "Act"), PFI's registration statement on Form N-14 under the Act (the "Registration Statement"). The Registration Statement relates to a proposed Plan of Acquisition providing for the transfer of all the assets, subject to all the liabilities, of the LargeCap Growth Fund, a series of PFI, to and in exchange for shares of LargeCap Growth Fund I, a previously created series of PFI. The proposed mailing date to shareholders is on or about August 30, 2019.

If you have questions or comments, please call me at 515-247-5419.

Sincerely,

/s/ Laura B. Latham

Laura B. Latham

Assistant Counsel and Assistant Secretary

Principal Funds, Inc.

Enclosures