# EDGAR Filing Document

**Accession Number:** 0000012601
**File Stem:** 0001752724-23-037054
**Filing Date:** 2023-2
**Character Count:** 12457
**Document Hash:** e3d8e18947568c110043b955def59b07
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-037054.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-037054

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRINCIPAL VARIABLE CONTRACTS FUNDS INC
- **CENTRAL INDEX KEY:** 0000012601
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01944
- **FILM NUMBER:** 23659116

**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

### Strategic Asset Management Balanced Portfolio (Series ID: S000014090)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000038542 | Strategic Asset Management Balanced Portfolio Class 2 |  |
| C000038543 | Strategic Asset Management Balanced Portfolio 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:** SAM Balanced Portfolio

- **b. EDGAR series identifier (if any):** S000014090

- **c. LEI of Series:** 549300RTKZ1JJN3UX337

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $568525773.50

**Total Liabilities:** $148580.56

**Net Assets:** $568377192.94

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000038542 | 3.74%                | 5.90%                | -3.25%               |
| Class ID C000038543 | 3.76%                | 5.88%                | -3.27%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1203130.63             | $21073044.33                               |
| Month 2  | $-913934.06              | $33529375.46                               |
| Month 3  | $3835673.94              | $-27762413.94                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Inflation Protection Fund                             | Inflation Protection Fund                             | CUSIP: 74254T815<br>LEI: 5493006ECFME6VCZ0U45 | Long             | EC               | RF                | US        |   1544734 | NS      | $11848112.26  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Government & High Quality Bond Account                | Government & High Quality Bond Account                | CUSIP: N/A<br>LEI: GYQKVAZKEVMXP6Q0OZ65       | Long             | EC               | RF                | US        |   1743794 | NS      | $14368863.83  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Income Account                                 | Equity Income Account                                 | CUSIP: N/A<br>LEI: 54930095K9Z8PBKMWU68       | Long             | EC               | RF                | US        |   2258092 | NS      | $59929771.50  | 10.54%            |  |  |  | No            |                  1 | On Loan: No      |
| Short-Term Income Fund                                | Short-Term Income Fund                                | CUSIP: 74254U440<br>LEI: IJOCWVJG326LDFE5SJ51 | Long             | EC               | RF                | US        |   1509945 | NS      | $17394561.11  | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| International Small Company Fund                      | International Small Company Fund                      | CUSIP: 74256W493<br>LEI: 5493005DM6DKJRUY3N14 | Long             | EC               | RF                | US        |    675406 | NS      | $6119180.67   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Spectrum Preferred and Capital Securities Income Fund | Spectrum Preferred and Capital Securities Income Fund | CUSIP: 74256W485<br>LEI: 549300C5BAH7DRKDHO25 | Long             | EC               | RF                | US        |   3175881 | NS      | $27757200.89  | 4.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal U.S. Mega-Cap ETF                           | Principal U.S. Mega-Cap ETF                           | CUSIP: 74255Y870<br>LEI: 549300XGM3O583ZPRJ37 | Long             | EC               | RF                | US        |    950807 | NS      | $34286100.42  | 6.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Real Estate Securities Fund                    | Global Real Estate Securities Fund                    | CUSIP: 742537624<br>LEI: 549300RURQIM2C42MH06 | Long             | EC               | RF                | US        |    309388 | NS      | $2660739.72   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| LargeCap Growth Fund I                                | LargeCap Growth Fund I                                | CUSIP: 742537590<br>LEI: 5493005TWCHTR0PO8C36 | Long             | EC               | RF                | US        |    715197 | NS      | $9404834.91   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| LargeCap Value Fund III                               | LargeCap Value Fund III                               | CUSIP: 74253J677<br>LEI: 549300P5E4OK1XZWQO33 | Long             | EC               | RF                | US        |   1037039 | NS      | $17536330.01  | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Diversified International Fund                        | Diversified International Fund                        | CUSIP: 74257B811<br>LEI: 549300WI2K0C68CW5R08 | Long             | EC               | RF                | US        |   2450656 | NS      | $27912971.08  | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal U.S. Small-Cap Multi-Factor ETF             | Principal U.S. Small-Cap Multi-Factor ETF             | CUSIP: 74255Y607<br>LEI: 5493008MXNTNT2RRXN18 | Long             | EC               | RF                | US        |    188600 | NS      | $7373317.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Finisterre Emerging Markets Total Return Bond Fund    | Finisterre Emerging Markets Total Return Bond Fund    | CUSIP: 74255L175<br>LEI: 549300MNS2JZWUXHD778 | Long             | EC               | RF                | US        |    889245 | NS      | $7567474.12   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Chip Fund                                        | Blue Chip Fund                                        | CUSIP: 74256W535<br>LEI: 549300DIGKZKBG8KG876 | Long             | EC               | RF                | US        |   2292014 | NS      | $64772328.67  | 11.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Diversified Real Asset Fund                           | Diversified Real Asset Fund                           | CUSIP: 742537467<br>LEI: 549300FY1HF8KNDK4G58 | Long             | EC               | RF                | US        |   2353861 | NS      | $25868935.36  | 4.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Emerging Markets Fund                          | Origin Emerging Markets Fund                          | CUSIP: 742537483<br>LEI: 549300PYEJ7SMX1YOB34 | Long             | EC               | RF                | US        |   2325109 | NS      | $20739973.70  | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| High Yield Fund                                       | High Yield Fund                                       | CUSIP: 74256W626<br>LEI: 2U04QLKKFWRJC7CSOX80 | Long             | EC               | RF                | US        |   2435788 | NS      | $15345464.19  | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Fixed Income Fund                                | Core Fixed Income Fund                                | CUSIP: 742537616<br>LEI: 2K6IF9KYA1Q08XNZVZ48 | Long             | EC               | RF                | US        |   7374598 | NS      | $62094112.99  | 10.92%            |  |  |  | No            |                  1 | 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        |   5698886 | NS      | $5698886.21   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MidCap Account                                        | MidCap Account                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | RF                | US        |    477734 | NS      | $24483881.90  | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Overseas Fund                                         | Overseas Fund                                         | CUSIP: 742553571<br>LEI: M8LPS0WBNG35BUE1BV52 | Long             | EC               | RF                | US        |   1055893 | NS      | $9767012.07   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Capital Appreciation Fund                   | Principal Capital Appreciation Fund                   | CUSIP: 74254U432<br>LEI: 549300488LDV833BXR20 | Long             | EC               | RF                | US        |    816068 | NS      | $45169336.13  | 7.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Bond Market Index Fund                                | Bond Market Index Fund                                | CUSIP: 742553316<br>LEI: VNIC77YUXCT48GBDSU43 | Long             | EC               | RF                | US        |   5959456 | NS      | $49940238.70  | 8.79%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

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

**Signature:** Megan Hoffmann

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

**Title:** Vice President and Controller