# EDGAR Filing Document

**Accession Number:** 0000012601
**File Stem:** 0000012601-26-000096
**Filing Date:** 2026-2
**Character Count:** 41103
**Document Hash:** 17fe8239e0a3424cb3016d1a5ded6676
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000012601-26-000096.hdr.sgml**: 20260223

**ACCESSION NUMBER**: 0000012601-26-000096

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260223

**DATE AS OF CHANGE**: 20260223

**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:** 26662835

**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:** 711 High St

  - **City:** Des Moines

  - **State:** IA

  - **Foreign country:** US

  - **Zip / Postal Code:** 50392

  - **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:** 2025-12-31

**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:** $259154481.40

**Total Liabilities:** $2795738.33

**Net Assets:** $256358743.07

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000020929 | 0.92%                | 1.02%                | 2.44%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $21830407.28             | $-18601699.49                              |
| Month 2  | $2359583.98              | $44721.98                                  |
| Month 3  | $1573610.55              | $4476698.45                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Toyo Seikan Group Holdings Ltd                     | Toyo Seikan Group Holdings Ltd                     | CUSIP: N/A<br>LEI: 5299004VWXGQPXR05T33       | Long             | EC               | CORP              | JP        |     70900 | NS      | $1731128.41   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Greece SA                         | National Bank of Greece SA                         | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |    252075 | NS      | $3844757.56   | 1.50%             |  |  |  | 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        |     91600 | NS      | $989376.65    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Sompo Holdings Inc                                 | Sompo Holdings Inc                                 | CUSIP: N/A<br>LEI: 353800CWW4SRGEYEB512       | Long             | EC               | CORP              | JP        |    120100 | NS      | $4076460.18   | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Komatsu Ltd                                        | Komatsu Ltd                                        | CUSIP: N/A<br>LEI: 5493004LQ0B4T7QPQV17       | Long             | EC               | CORP              | JP        |     62800 | NS      | $1992798.47   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Gibson Energy Inc                                  | Gibson Energy Inc                                  | CUSIP: N/A<br>LEI: 549300WYW5D9I3FR0643       | Long             | EC               | CORP              | CA        |     48200 | NS      | $882142.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| L'Oreal SA                                         | L'Oreal SA                                         | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               | CORP              | FR        |      4684 | NS      | $2010913.68   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| 3i Group PLC                                       | 3i Group PLC                                       | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |     41367 | NS      | $1813888.21   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Natural Resources Ltd                     | Canadian Natural Resources Ltd                     | CUSIP: N/A<br>LEI: 549300T15RIMIKZC5Q38       | Long             | EC               | CORP              | CA        |     37700 | NS      | $1276946.56   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Nice Ltd                                           | Nice Ltd                                           | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |       908 | NS      | $102640.32    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd                                 | Trip.com Group Ltd                                 | CUSIP: N/A<br>LEI: 2549004RMYDSRQL4KW41       | Long             | EC               | CORP              | SG        |     43650 | NS      | $3129767.52   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit SpA                                      | UniCredit SpA                                      | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |     41610 | NS      | $3446415.00   | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Airbus SE                                          | Airbus SE                                          | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | FR        |     21799 | NS      | $5062244.70   | 1.97%             |  |  |  | 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        |    249140 | NS      | $12247046.04  | 4.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncor Energy Inc                                  | Suncor Energy Inc                                  | CUSIP: N/A<br>LEI: 549300W70ZOQDVLCHY06       | Long             | EC               | CORP              | CA        |    110300 | NS      | $4895614.73   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexel SA                                           | Rexel SA                                           | CUSIP: N/A<br>LEI: 969500N6AVPA51648T62       | Long             | EC               | CORP              | FR        |     57406 | NS      | $2251584.32   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                                   | MercadoLibre Inc                                   | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |       604 | NS      | $1216613.04   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB - A Shares                          | Atlas Copco AB - A Shares                          | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |    129747 | NS      | $2309831.12   | 0.90%             |  |  |  | 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        |     67359 | NS      | $624083.05    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                                          | Sanofi SA                                          | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |     52080 | NS      | $5039006.24   | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                        | Cie Financiere Richemont SA                        | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |     10232 | NS      | $2206541.50   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| FinecoBank Banca Fineco SpA                        | FinecoBank Banca Fineco SpA                        | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |     48446 | NS      | $1255212.85   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Halma PLC                                          | Halma PLC                                          | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               | CORP              | GB        |     19000 | NS      | $901829.26    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsonite Group SA                                 | Samsonite Group SA                                 | CUSIP: N/A<br>LEI: 549300UULS5HYFJSEL12       | Long             | EC               | CORP              | US        |    709500 | NS      | $1811964.83   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Music Group NV                           | Universal Music Group NV                           | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | NL        |     72167 | NS      | $1881379.66   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Hoya Corp                                          | Hoya Corp                                          | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               | CORP              | JP        |     28396 | NS      | $4306809.91   | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Obayashi Corp                                      | Obayashi Corp                                      | CUSIP: N/A<br>LEI: 529900YT4O5S0LCXWD54       | Long             | EC               | CORP              | JP        |     93300 | NS      | $1952574.29   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                                       | Iberdrola SA                                       | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |     33263 | NS      | $720256.02    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Piraeus Bank SA                                    | Piraeus Bank SA                                    | CUSIP: N/A<br>LEI: 213800OYHR1MPQ5VJL60       | Long             | EC               | CORP              | GR        |    170800 | NS      | $1363718.33   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                    | AstraZeneca PLC                                    | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     40591 | NS      | $7511716.45   | 2.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryanair Holdings PLC                               | Ryanair Holdings PLC                               | CUSIP: N/A<br>LEI: 635400BR2ROC1FVEBQ56       | Long             | EC               | CORP              | IE        |     84513 | NS      | $2913801.70   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                         | Samsung Electronics Co Ltd                         | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |     84631 | NS      | $7093338.66   | 2.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                                         | Haleon PLC                                         | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |    815974 | NS      | $4123412.38   | 1.61%             |  |  |  | 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        |    174834 | NS      | $1390121.33   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                               | Tencent Holdings Ltd                               | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | CN        |    104300 | NS      | $8004351.17   | 3.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Nemetschek SE                                      | Nemetschek SE                                      | CUSIP: N/A<br>LEI: 529900R0S2IX1S358J38       | Long             | EC               | CORP              | DE        |     15314 | NS      | $1656823.64   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group PLC                                      | AIB Group PLC                                      | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | EC               | CORP              | IE        |    385990 | NS      | $4126362.92   | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR Nederland NV                                   | ASR Nederland NV                                   | CUSIP: N/A<br>LEI: 7245000G0HS48PZWUD53       | Long             | EC               | CORP              | NL        |     14503 | NS      | $1031898.78   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| PRADA SpA                                          | PRADA SpA                                          | CUSIP: N/A<br>LEI: 8156000FE0A2DC5B7852       | Long             | EC               | CORP              | IT        |    107600 | NS      | $623338.80    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| CVC Capital Partners PLC                           | CVC Capital Partners PLC                           | CUSIP: N/A<br>LEI: 213800E8UQS1KA32YD39       | Long             | EC               | CORP              | LU        |     35825 | NS      | $599979.16    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Weir Group PLC/The                                 | Weir Group PLC/The                                 | CUSIP: N/A<br>LEI: 549300KDR56WHY9I3D10       | Long             | EC               | CORP              | GB        |     29769 | NS      | $1137856.23   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Technip Energies NV                                | Technip Energies NV                                | CUSIP: N/A<br>LEI: 724500FLODI49NSCIP70       | Long             | EC               | CORP              | FR        |      8316 | NS      | $316688.35    | 0.12%             |  |  |  | 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        |     21669 | NS      | $1429387.00   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| APL Apollo Tubes Ltd                               | APL Apollo Tubes Ltd                               | CUSIP: N/A<br>LEI: 335800ZU4GXSB7Q4IU95       | Long             | EC               | CORP              | IN        |     40011 | NS      | $852757.88    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Dollarama Inc                                      | Dollarama Inc                                      | CUSIP: N/A<br>LEI: 5493002GJ0NJP1HI0C79       | Long             | EC               | CORP              | CA        |     13100 | NS      | $1957913.37   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd                                 | Teck Resources Ltd                                 | CUSIP: N/A<br>LEI: T8KI5SQ2JRWHL7XY0E11       | Long             | EC               | CORP              | CA        |     91800 | NS      | $4394869.40   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| InterContinental Hotels Group PLC                  | InterContinental Hotels Group PLC                  | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |      9428 | NS      | $1324900.85   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd                                      | Credicorp Ltd                                      | CUSIP: G2519Y108<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | PE        |      9883 | NS      | $2836421.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Wix.com Ltd                                        | Wix.com Ltd                                        | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |      7295 | NS      | $757877.55    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Scout24 SE                                         | Scout24 SE                                         | CUSIP: N/A<br>LEI: 5493007EIKM2ENQS7U66       | Long             | EC               | CORP              | DE        |     15095 | NS      | $1516139.00   | 0.59%             |  |  |  | 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        |   1798000 | NS      | $868248.30    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                          | Shell PLC                                          | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |     34888 | NS      | $1285696.60   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| CRH PLC                                            | CRH PLC                                            | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | IE        |     41138 | NS      | $5111850.73   | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Erste Group Bank AG                                | Erste Group Bank AG                                | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |     31858 | NS      | $3820071.24   | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyence Corp                                       | Keyence Corp                                       | CUSIP: N/A<br>LEI: 529900M7PQBS7A89DZ11       | Long             | EC               | CORP              | JP        |      5100 | NS      | $1844797.50   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Smith & Nephew PLC                                 | Smith & Nephew PLC                                 | CUSIP: N/A<br>LEI: 213800ZTMDN8S67S1H61       | Long             | EC               | CORP              | GB        |    182215 | NS      | $3030398.26   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                | Societe Generale SA                                | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               | CORP              | FR        |     24463 | NS      | $1969367.46   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Swedbank AB                                        | Swedbank AB                                        | CUSIP: N/A<br>LEI: M312WZV08Y7LYUC71685       | Long             | EC               | CORP              | SE        |     36155 | NS      | $1254399.51   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Jumbo SA                                           | Jumbo SA                                           | CUSIP: N/A<br>LEI: 549300TGIVUUMY40MZ05       | Long             | EC               | CORP              | GR        |     20756 | NS      | $680533.14    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandfire Resources Ltd                             | Sandfire Resources Ltd                             | CUSIP: N/A<br>LEI: 213800ZW52P23FVH1V47       | Long             | EC               | CORP              | AU        |    177885 | NS      | $2112977.28   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Hannover Rueck SE                                  | Hannover Rueck SE                                  | CUSIP: N/A<br>LEI: 529900KIN5BE45V5KB18       | Long             | EC               | CORP              | DE        |      9071 | NS      | $2822722.44   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Danone SA                                          | Danone SA                                          | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |     15612 | NS      | $1408186.56   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Impala Platinum Holdings Ltd                       | Impala Platinum Holdings Ltd                       | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |    141593 | NS      | $2225156.24   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd                                     | ICICI Bank Ltd                                     | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     71013 | NS      | $2116187.40   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ARC Resources Ltd                                  | ARC Resources Ltd                                  | CUSIP: N/A<br>LEI: 5493000OCGNQZEVTDT08       | Long             | EC               | CORP              | CA        |     82100 | NS      | $1540253.54   | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Kweichow Moutai Co Ltd                             | Kweichow Moutai Co Ltd                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      3598 | NS      | $710724.07    | 0.28%             |  |  |  | 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        |   4033610 | NS      | $4033609.90   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund - Institutional Class  | BlackRock Liquidity FedFund - Institutional Class  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |    105822 | NS      | $105821.88    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Group PLC                                  | Ashtead Group PLC                                  | CUSIP: N/A<br>LEI: 2138007UTBN8X9K1A235       | Long             | EC               | CORP              | GB        |     35805 | NS      | $2441147.37   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| British American Tobacco PLC                       | British American Tobacco PLC                       | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |     49712 | NS      | $2818195.51   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                             | AXA SA                                             | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |     29860 | NS      | $1432712.29   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Stantec Inc                                        | Stantec Inc                                        | CUSIP: N/A<br>LEI: 549300MZ7NGUZDCP2T16       | Long             | EC               | CORP              | CA        |     22800 | NS      | $2151510.69   | 0.84%             |  |  |  | No            |                  1 | 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        |     19032 | NS      | $1874842.32   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp                                    | Brookfield Corp                                    | CUSIP: N/A<br>LEI: C6J3FGIWG6MBDGTE8F80       | Long             | EC               | CORP              | CA        |     11853 | NS      | $544225.03    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                              | Spotify Technology SA                              | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | SE        |      3841 | NS      | $2230507.11   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Elis SA                                            | Elis SA                                            | CUSIP: N/A<br>LEI: 969500UX71LCE8MAY492       | Long             | EC               | CORP              | FR        |     69363 | NS      | $1968206.51   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Entain PLC                                         | Entain PLC                                         | CUSIP: N/A<br>LEI: 213800GNI3K45LQR8L28       | Long             | EC               | CORP              | GB        |    212880 | NS      | $2188238.36   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd                             | DBS Group Holdings Ltd                             | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |     71400 | NS      | $3127652.33   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                | Deutsche Telekom AG                                | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |    211469 | NS      | $6883531.17   | 2.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Electric Corp                           | Mitsubishi Electric Corp                           | CUSIP: N/A<br>LEI: 549300TRXM9Y6561AX39       | Long             | EC               | CORP              | JP        |    113100 | NS      | $3297640.44   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                          | Argenx SE                                          | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | NL        |      3034 | NS      | $2559308.95   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co Ltd                                    | Nintendo Co Ltd                                    | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |     44700 | NS      | $3017901.18   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzano SA                                          | Suzano SA                                          | CUSIP: N/A<br>LEI: 391200AW174YQSDMGG41       | Long             | EC               | CORP              | BR        |    305500 | NS      | $2868374.47   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Localiza Rent a Car SA                             | Localiza Rent a Car SA                             | CUSIP: N/A<br>LEI: 984500C442A7E0CD4D11       | Long             | EP               | CORP              | BR        |      6724 | NS      | $50926.04     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                                           | Alcon AG                                           | CUSIP: N/A<br>LEI: 549300LDT5AP8S0NBM78       | Long             | EC               | CORP              | CH        |     18368 | NS      | $1453425.17   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Sage Group PLC/The                                 | Sage Group PLC/The                                 | CUSIP: N/A<br>LEI: 2138005RN5XYLTF8G138       | Long             | EC               | CORP              | GB        |     62236 | NS      | $905187.46    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Fairfax Financial Holdings Ltd                     | Fairfax Financial Holdings Ltd                     | CUSIP: N/A<br>LEI: GLS7OQD0WOEDI8YAP031       | Long             | EC               | CORP              | CA        |      1100 | NS      | $2096447.49   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                    | ASML Holding NV                                    | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      6949 | NS      | $7487678.78   | 2.92%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                    | BAE Systems PLC                                    | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |    174736 | NS      | $4021544.08   | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Dassault Systemes SE                               | Dassault Systemes SE                               | CUSIP: N/A<br>LEI: 96950065LBWY0APQIM86       | Long             | EC               | CORP              | FR        |     33442 | NS      | $934309.98    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bank Abp                                    | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |     84686 | NS      | $1593152.03   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                  | NatWest Group PLC                                  | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |    279993 | NS      | $2456168.55   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                                       | Unilever PLC                                       | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |     11760 | NS      | $768362.49    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                                      | AIA Group Ltd                                      | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |    675400 | NS      | $6951955.46   | 2.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Yum China Holdings Inc                             | Yum China Holdings Inc                             | CUSIP: N/A<br>LEI: 529900DO9BYZ7VA3K502       | Long             | EC               | CORP              | CN        |     86476 | NS      | $4094512.76   | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Fujitsu Ltd                                        | Fujitsu Ltd                                        | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               | CORP              | JP        |    164300 | NS      | $4515442.96   | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| CP ALL PCL                                         | CP ALL PCL                                         | CUSIP: N/A<br>LEI: 894500LSBZLM09TY1A91       | Long             | EC               | CORP              | TH        |    517200 | NS      | $709712.69    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Kajima Corp                                        | Kajima Corp                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     48200 | NS      | $1797258.28   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyo Suisan Kaisha Ltd                             | Toyo Suisan Kaisha Ltd                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     11200 | NS      | $768337.86    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Zealand Pharma A/S                                 | Zealand Pharma A/S                                 | CUSIP: N/A<br>LEI: 549300ITBB1ULBL4CZ12       | Long             | EC               | CORP              | DK        |      6111 | NS      | $443978.08    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp                                  | Toyota Motor Corp                                  | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |    122300 | NS      | $2626649.01   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Ascendis Pharma A/S                                | Ascendis Pharma A/S                                | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |      6482 | NS      | $1382221.68   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                                           | ICON PLC                                           | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |     13491 | NS      | $2458330.02   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| TOPPAN Holdings Inc                                | TOPPAN Holdings Inc                                | CUSIP: N/A<br>LEI: 3538003H9W4KIDODQY20       | Long             | EC               | CORP              | JP        |     42600 | NS      | $1266357.29   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Gaztransport Et Technigaz SA                       | Gaztransport Et Technigaz SA                       | CUSIP: N/A<br>LEI: 969500BVOHVZUUFWDT54       | Long             | EC               | CORP              | FR        |     13581 | NS      | $2491930.11   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Zai Lab Ltd                                        | Zai Lab Ltd                                        | CUSIP: 98887Q104<br>LEI: 549300P2UYQ9U5LY1T58 | Long             | EC               | CORP              | CN        |      4476 | NS      | $78956.64     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

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

**Signature:** Megan Hoffmann

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

**Title:** Vice President and Treasurer