# EDGAR Filing Document

**Accession Number:** 0000012601
**File Stem:** 0000012601-25-000260
**Filing Date:** 2025-8
**Character Count:** 43364
**Document Hash:** 8751c081afaa3685f6ec128cd811ed90
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000012601-25-000260.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0000012601-25-000260

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRINCIPAL VARIABLE CONTRACTS FUNDS INC
- **CENTRAL INDEX KEY:** 0000012601

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01944
- **FILM NUMBER:** 251249723

**BUSINESS ADDRESS:**
- **STREET 1:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392
- **BUSINESS PHONE:** 515-247-5477

**MAIL ADDRESS:**
- **STREET 1:** PRINCIPAL FINANCIAL GROUP
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL VARIABLE CONTRACTS FUND INC
- **DATE OF NAME CHANGE:** 19980617

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL CAPITAL ACCUMULATION FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCOR INVESTMENT FUND INC
- **DATE OF NAME CHANGE:** 19880906

## Series and Classes Contracts Data

### Diversified International Account (Series ID: S000007681)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000020929 | Diversified International Account Class 1 |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Principal Variable Contract Funds, Inc

- **b. Investment Company Act file number:** 811-01944

- **c. CIK number of Registrant:** 0000012601

- **d. LEI of Registrant:** ICS43THKTGQL3EQ10426

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 801 Grand Ave

  - **City:** Des Moines

  - **State:** IA

  - **Foreign country:** US

  - **Zip / Postal Code:** 50309

  - **Telephone number:** 515-235-1719

**Item A.2. Information about the Series.**

- **a. Name of Series:** Diversified International Account

- **b. EDGAR series identifier (if any):** S000007681

- **c. LEI of Series:** 549300XLR59MVKHLR021

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $281236736.29

**Total Liabilities:** $523258.84

**Net Assets:** $280713477.45

**Cash Not Reported:** $36091.50

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000020929 | 2.83%                | 4.42%                | 3.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1997853.58              | $4387441.95                                |
| Month 2  | $1865910.05              | $8156072.27                                |
| Month 3  | $1855016.42              | $6012572.49                                |

### Schedule of Portfolio Investments

| Name                                                      | Title                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| National Bank of Greece SA                                | National Bank of Greece SA                                | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |    280453 | NS      | $3575996.27   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Arca Continental SAB de CV                                | Arca Continental SAB de CV                                | CUSIP: N/A<br>LEI: 254900U2BSJCQHJCXN24       | Long             | EC               | CORP              | MX        |    109400 | NS      | $1159035.41   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Sompo Holdings Inc                                        | Sompo Holdings Inc                                        | CUSIP: N/A<br>LEI: 353800CWW4SRGEYEB512       | Long             | EC               | CORP              | JP        |    104400 | NS      | $3146073.38   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Komatsu Ltd                                               | Komatsu Ltd                                               | CUSIP: N/A<br>LEI: 5493004LQ0B4T7QPQV17       | Long             | EC               | CORP              | JP        |     32300 | NS      | $1065691.33   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| L'Oreal SA                                                | L'Oreal SA                                                | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               | CORP              | FR        |      5135 | NS      | $2199601.64   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| 3i Group PLC                                              | 3i Group PLC                                              | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |     72138 | NS      | $4082436.89   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Natural Resources Ltd                            | Canadian Natural Resources Ltd                            | CUSIP: N/A<br>LEI: 549300T15RIMIKZC5Q38       | Long             | EC               | CORP              | CA        |     45100 | NS      | $1417499.54   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund - Institutional Class         | BlackRock Liquidity FedFund - Institutional Class         | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |    157870 | NS      | $157869.68    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Daimler Truck Holding AG                                  | Daimler Truck Holding AG                                  | CUSIP: N/A<br>LEI: 529900PW78JIYOUBSR24       | Long             | EC               | CORP              | DE        |     77669 | NS      | $3684936.19   | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit SpA                                             | UniCredit SpA                                             | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |     51527 | NS      | $3456615.53   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                       | LVMH Moet Hennessy Louis Vuitton SE                       | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |      1517 | NS      | $793969.74    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Airbus SE                                                 | Airbus SE                                                 | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | FR        |     26130 | NS      | $5466431.46   | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Rakyat Indonesia Persero Tbk PT                      | Bank Rakyat Indonesia Persero Tbk PT                      | CUSIP: N/A<br>LEI: 254900HB6S4B12GBNP64       | Long             | EC               | CORP              | ID        |   7036308 | NS      | $1622293.77   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd                 | Taiwan Semiconductor Manufacturing Co Ltd                 | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |    301140 | NS      | $11012495.29  | 3.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncor Energy Inc                                         | Suncor Energy Inc                                         | CUSIP: N/A<br>LEI: 549300W70ZOQDVLCHY06       | Long             | EC               | CORP              | CA        |    125500 | NS      | $4701123.55   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexel SA                                                  | Rexel SA                                                  | CUSIP: N/A<br>LEI: 969500N6AVPA51648T62       | Long             | EC               | CORP              | FR        |     26742 | NS      | $824797.46    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                                          | MercadoLibre Inc                                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |       720 | NS      | $1881813.60   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck KGaA                                                | Merck KGaA                                                | CUSIP: N/A<br>LEI: 529900OAREIS0MOPTW25       | Long             | EC               | CORP              | DE        |      5952 | NS      | $771728.73    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |      1304 | NS      | $846734.62    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB - A Shares                                 | Atlas Copco AB - A Shares                                 | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |    154876 | NS      | $2503726.83   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                        | Grupo Financiero Banorte SAB de CV                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    127859 | NS      | $1173281.53   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                                                 | Sanofi SA                                                 | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |     68797 | NS      | $6660512.43   | 2.37%             |  |  |  | No            |                  2 | On Loan: No      |
| FinecoBank Banca Fineco SpA                               | FinecoBank Banca Fineco SpA                               | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |     57827 | NS      | $1282811.41   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE                                     | Schneider Electric SE                                     | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |      1309 | NS      | $351447.75    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Halma PLC                                                 | Halma PLC                                                 | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               | CORP              | GB        |     22680 | NS      | $996876.56    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsonite Group SA                                        | Samsonite Group SA                                        | CUSIP: N/A<br>LEI: 549300UULS5HYFJSEL12       | Long             | EC               | CORP              | US        |    847200 | NS      | $1578233.79   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Music Group NV                                  | Universal Music Group NV                                  | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | NL        |     86144 | NS      | $2794567.86   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Thales SA                                                 | Thales SA                                                 | CUSIP: N/A<br>LEI: 529900FNDVTQJOVVPZ19       | Long             | EC               | CORP              | FR        |      5581 | NS      | $1647932.29   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Hoya Corp                                                 | Hoya Corp                                                 | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               | CORP              | JP        |     21896 | NS      | $2600415.15   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Obayashi Corp                                             | Obayashi Corp                                             | CUSIP: N/A<br>LEI: 529900YT4O5S0LCXWD54       | Long             | EC               | CORP              | JP        |     97200 | NS      | $1472756.91   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                                              | Iberdrola SA                                              | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |    171785 | NS      | $3304814.73   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                           | AstraZeneca PLC                                           | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     49018 | NS      | $6821773.94   | 2.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                                | Samsung Electronics Co Ltd                                | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |    126898 | NS      | $5611635.32   | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                                                | Haleon PLC                                                | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |    622430 | NS      | $3199051.14   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Localiza Rent a Car SA                                    | Localiza Rent a Car SA                                    | CUSIP: N/A<br>LEI: 984500C442A7E0CD4D11       | Long             | EC               | CORP              | BR        |    208634 | NS      | $1566358.22   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City Ltd                          | Canadian Pacific Kansas City Ltd                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |     21700 | NS      | $1723889.11   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                                      | Tencent Holdings Ltd                                      | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | CN        |    120300 | NS      | $7751604.35   | 2.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Nemetschek SE                                             | Nemetschek SE                                             | CUSIP: N/A<br>LEI: 529900R0S2IX1S358J38       | Long             | EC               | CORP              | DE        |     19299 | NS      | $2798224.60   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group PLC                                             | AIB Group PLC                                             | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | EC               | CORP              | IE        |    460750 | NS      | $3802512.61   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                                          | Roche Holding AG                                          | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |      7105 | NS      | $2319213.31   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR Nederland NV                                          | ASR Nederland NV                                          | CUSIP: N/A<br>LEI: 7245000G0HS48PZWUD53       | Long             | EC               | CORP              | NL        |     21753 | NS      | $1445394.83   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| PRADA SpA                                                 | PRADA SpA                                                 | CUSIP: N/A<br>LEI: 8156000FE0A2DC5B7852       | Long             | EC               | CORP              | IT        |    128500 | NS      | $798312.71    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Tourmaline Oil Corp                                       | Tourmaline Oil Corp                                       | CUSIP: N/A<br>LEI: 894500I7AXG91VB3PM28       | Long             | EC               | CORP              | CA        |     30700 | NS      | $1481174.96   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Weir Group PLC/The                                        | Weir Group PLC/The                                        | CUSIP: N/A<br>LEI: 549300KDR56WHY9I3D10       | Long             | EC               | CORP              | GB        |     55890 | NS      | $1911415.98   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Technip Energies NV                                       | Technip Energies NV                                       | CUSIP: N/A<br>LEI: 724500FLODI49NSCIP70       | Long             | EC               | CORP              | FR        |     42231 | NS      | $1776771.24   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Industria de Diseno Textil SA                             | Industria de Diseno Textil SA                             | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |     25865 | NS      | $1349296.97   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Dollarama Inc                                             | Dollarama Inc                                             | CUSIP: N/A<br>LEI: 5493002GJ0NJP1HI0C79       | Long             | EC               | CORP              | CA        |     15700 | NS      | $2212123.37   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Wimpey PLC                                         | Taylor Wimpey PLC                                         | CUSIP: N/A<br>LEI: 21380089BTRXTD8S3R66       | Long             | EC               | CORP              | GB        |    842029 | NS      | $1373104.13   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Teck Resources Ltd                                        | Teck Resources Ltd                                        | CUSIP: N/A<br>LEI: T8KI5SQ2JRWHL7XY0E11       | Long             | EC               | CORP              | CA        |     84100 | NS      | $3401055.26   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                                             | Credicorp Ltd                                             | CUSIP: G2519Y108<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | PE        |      6336 | NS      | $1416222.72   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum China Holdings Inc                                    | Yum China Holdings Inc                                    | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | CN        |     65282 | NS      | $2918758.22   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Industries Corp                                    | Toyota Industries Corp                                    | CUSIP: N/A<br>LEI: 35380000WKGEAHEMW830       | Long             | EC               | CORP              | JP        |     18100 | NS      | $2042815.34   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| PT Bank Central Asia Tbk                                  | PT Bank Central Asia Tbk                                  | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |   1598000 | NS      | $854207.19    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.com Inc                                                | JD.com Inc                                                | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | CN        |    263900 | NS      | $4310097.49   | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                                 | Shell PLC                                                 | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |     87269 | NS      | $3044767.41   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| CRH PLC                                                   | CRH PLC                                                   | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | US        |     52113 | NS      | $4810521.83   | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Erste Group Bank AG                                       | Erste Group Bank AG                                       | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |     40903 | NS      | $3481890.51   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyence Corp                                              | Keyence Corp                                              | CUSIP: N/A<br>LEI: 529900M7PQBS7A89DZ11       | Long             | EC               | CORP              | JP        |      6000 | NS      | $2398969.76   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                                              | Unilever PLC                                              | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |     84604 | NS      | $5163050.27   | 1.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Smith & Nephew PLC                                        | Smith & Nephew PLC                                        | CUSIP: N/A<br>LEI: 213800ZTMDN8S67S1H61       | Long             | EC               | CORP              | GB        |    231558 | NS      | $3546125.21   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                       | Societe Generale SA                                       | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               | CORP              | FR        |     40268 | NS      | $2303505.81   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Swedbank AB                                               | Swedbank AB                                               | CUSIP: N/A<br>LEI: M312WZV08Y7LYUC71685       | Long             | EC               | CORP              | SE        |     43157 | NS      | $1143070.66   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandfire Resources Ltd                                    | Sandfire Resources Ltd                                    | CUSIP: N/A<br>LEI: 213800ZW52P23FVH1V47       | Long             | EC               | CORP              | AU        |    212338 | NS      | $1577512.54   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Hannover Rueck SE                                         | Hannover Rueck SE                                         | CUSIP: N/A<br>LEI: 529900KIN5BE45V5KB18       | Long             | EC               | CORP              | DE        |     10827 | NS      | $3411742.48   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                                          | Novo Nordisk A/S                                          | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |     44535 | NS      | $3086010.52   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Danone SA                                                 | Danone SA                                                 | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |     18635 | NS      | $1524782.29   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Impala Platinum Holdings Ltd                              | Impala Platinum Holdings Ltd                              | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |    103850 | NS      | $933118.51    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                              | Wal-Mart de Mexico SAB de CV                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    223922 | NS      | $740817.91    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                                            | ICICI Bank Ltd                                            | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     84766 | NS      | $2851528.24   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kweichow Moutai Co Ltd                                    | Kweichow Moutai Co Ltd                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      6498 | NS      | $1280413.50   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Principal Government Money Market Fund - Class R-6        | Principal Government Money Market Fund - Class R-6        | CUSIP: 74257B639<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3925510 | NS      | $3925510.02   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Group PLC                                         | Ashtead Group PLC                                         | CUSIP: N/A<br>LEI: 2138007UTBN8X9K1A235       | Long             | EC               | CORP              | GB        |     15999 | NS      | $1025949.87   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Kotak Mahindra Bank Ltd                                   | Kotak Mahindra Bank Ltd                                   | CUSIP: N/A<br>LEI: 335800E6GTTXKHXE2I75       | Long             | EC               | CORP              | IN        |    121007 | NS      | $3052892.42   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Howden Joinery Group PLC                                  | Howden Joinery Group PLC                                  | CUSIP: N/A<br>LEI: 213800KC1LJOJTY3JP45       | Long             | EC               | CORP              | GB        |     79611 | NS      | $936184.14    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                                    | AXA SA                                                    | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |     86319 | NS      | $4238710.39   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Liberty Media Corp-Liberty Formula One - C Shares         | Liberty Media Corp-Liberty Formula One - C Shares         | CUSIP: 531229755<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26940 | NS      | $2815230.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MatsukiyoCocokara & Co                                    | MatsukiyoCocokara & Co                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     47800 | NS      | $983271.11    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Brookfield Corp                                           | Brookfield Corp                                           | CUSIP: N/A<br>LEI: C6J3FGIWG6MBDGTE8F80       | Long             | EC               | CORP              | CA        |     36269 | NS      | $2244722.83   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd                                 | Shin-Etsu Chemical Co Ltd                                 | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |     13200 | NS      | $435890.16    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Entain PLC                                                | Entain PLC                                                | CUSIP: N/A<br>LEI: 213800GNI3K45LQR8L28       | Long             | EC               | CORP              | GB        |    239463 | NS      | $2965890.53   | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd                                    | DBS Group Holdings Ltd                                    | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |     88400 | NS      | $3120704.03   | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Compass Group PLC                                         | Compass Group PLC                                         | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |     43051 | NS      | $1458219.49   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Tryg A/S                                                  | Tryg A/S                                                  | CUSIP: N/A<br>LEI: 213800ZRS8AC4LSTCE39       | Long             | EC               | CORP              | DK        |     21400 | NS      | $553215.78    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                       | Deutsche Telekom AG                                       | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |    247330 | NS      | $9053194.86   | 3.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Electric Corp                                  | Mitsubishi Electric Corp                                  | CUSIP: N/A<br>LEI: 549300TRXM9Y6561AX39       | Long             | EC               | CORP              | JP        |    138900 | NS      | $2987596.63   | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                                 | Argenx SE                                                 | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | NL        |      2774 | NS      | $1535643.49   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co Ltd                                           | Nintendo Co Ltd                                           | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |     60300 | NS      | $5790599.41   | 2.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Alcon AG                                                  | Alcon AG                                                  | CUSIP: N/A<br>LEI: 549300LDT5AP8S0NBM78       | Long             | EC               | CORP              | CH        |     21925 | NS      | $1944374.35   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Sage Group PLC/The                                        | Sage Group PLC/The                                        | CUSIP: N/A<br>LEI: 2138005RN5XYLTF8G138       | Long             | EC               | CORP              | GB        |     74290 | NS      | $1275764.03   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Fairfax Financial Holdings Ltd                            | Fairfax Financial Holdings Ltd                            | CUSIP: N/A<br>LEI: GLS7OQD0WOEDI8YAP031       | Long             | EC               | CORP              | CA        |      1300 | NS      | $2346539.38   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                           | ASML Holding NV                                           | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      8040 | NS      | $6442766.88   | 2.30%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                           | BAE Systems PLC                                           | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |    220028 | NS      | $5710344.84   | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Dassault Systemes SE                                      | Dassault Systemes SE                                      | CUSIP: N/A<br>LEI: 96950065LBWY0APQIM86       | Long             | EC               | CORP              | FR        |     39918 | NS      | $1446697.53   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                           | Nordea Bank Abp                                           | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |    101088 | NS      | $1501765.64   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                         | NatWest Group PLC                                         | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |    389231 | NS      | $2733543.16   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                                             | AIA Group Ltd                                             | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |    880400 | NS      | $7975053.82   | 2.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Negara Indonesia Persero Tbk PT                      | Bank Negara Indonesia Persero Tbk PT                      | CUSIP: N/A<br>LEI: 549300HZ8J3MLVXQ8F85       | Long             | EC               | CORP              | ID        |   1749900 | NS      | $444130.74    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Yum China Holdings Inc                                    | Yum China Holdings Inc                                    | CUSIP: N/A<br>LEI: 529900DO9BYZ7VA3K502       | Long             | EC               | CORP              | CN        |     31594 | NS      | $1418717.20   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Hermes International SCA                                  | Hermes International SCA                                  | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |       354 | NS      | $959649.28    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Fujitsu Ltd                                               | Fujitsu Ltd                                               | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               | CORP              | JP        |    196200 | NS      | $4759690.85   | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Brookfield Asset Management Ltd                           | Brookfield Asset Management Ltd                           | CUSIP: N/A<br>LEI: 549300CZ84WPNJZKY093       | Long             | EC               | CORP              | US        |     20267 | NS      | $1121735.85   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Kajima Corp                                               | Kajima Corp                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     72700 | NS      | $1896140.67   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp                                         | Toyota Motor Corp                                         | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |    240100 | NS      | $4135240.36   | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Piraeus Financial Holdings SA                             | Piraeus Financial Holdings SA                             | CUSIP: N/A<br>LEI: M6AD1Y1KW32H8THQ6F76       | Long             | EC               | CORP              | GR        |    213534 | NS      | $1479321.29   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| ICON PLC                                                  | ICON PLC                                                  | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |      7865 | NS      | $1143964.25   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Intermediate Capital Group PLC                            | Intermediate Capital Group PLC                            | CUSIP: N/A<br>LEI: 549300OGASR5WRKJ8R68       | Long             | EC               | CORP              | GB        |     24346 | NS      | $645797.63    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| TOPPAN Holdings Inc                                       | TOPPAN Holdings Inc                                       | CUSIP: N/A<br>LEI: 3538003H9W4KIDODQY20       | Long             | EC               | CORP              | JP        |     57600 | NS      | $1564820.72   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Zai Lab Ltd                                               | Zai Lab Ltd                                               | CUSIP: 98887Q104<br>LEI: 549300P2UYQ9U5LY1T58 | Long             | EC               | CORP              | CN        |      4476 | NS      | $156525.72    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2025-07-25

**Name of Applicant:** Principal Variable Contract Funds, Inc

**Signature:** Megan Hoffmann

**Name of Signer:** /s/ Megan Hoffmann

**Title:** Vice President and Controller