# EDGAR Filing Document

**Accession Number:** 0000012601
**File Stem:** 0000012601-25-000302
**Filing Date:** 2025-11
**Character Count:** 7538
**Document Hash:** 4f2f052c7d0f72439f4892f919cd4530
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000012601-25-000302.hdr.sgml**: 20251119

**ACCESSION NUMBER**: 0000012601-25-000302

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 17

**FILED AS OF DATE**: 20251119

**DATE AS OF CHANGE**: 20251119

**EFFECTIVENESS DATE**: 20251119

**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:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-35570
- **FILM NUMBER:** 251497688

**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

### LargeCap S&P 500 Index Account (Series ID: S000007660)

---

|  |  |
|:---|:---|
| Class Name                             | Class ID   |
| LargeCap S&P 500 Index Account Class 1 | C000020908 |
| LargeCap S&P 500 Index Account Class 2 | C000155998 |

---

### LargeCap S&P 500 Managed Volatility Index Account (Series ID: S000042784)

---

|  |  |
|:---|:---|
| Class Name                                                | Class ID   |
| LargeCap S&P 500 Managed Volatility Index Account Class 1 | C000132327 |

---

## Series and Classes Contracts Data

### LargeCap S&P 500 Index Account (Series ID: S000007660)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000020908 | LargeCap S&P 500 Index Account Class 1 |  |
| C000155998 | LargeCap S&P 500 Index Account Class 2 |  |

### LargeCap S&P 500 Managed Volatility Index Account (Series ID: S000042784)

| Class ID   | Class Name                                                | Ticker Symbol   |
|:---|:---|:---|
| C000132327 | LargeCap S&P 500 Managed Volatility Index Account Class 1 |  |

?xml version='1.0' encoding='ASCII'? ck0000012601-20251119

**Principal Variable Contracts Funds, Inc.** 

**Supplement dated November 19, 2025**

**to the Prospectus and Statement of Additional Information**

**both dated May 1, 2025** 

**(as previously supplemented)**

(Not all Accounts are offered in all variable annuity and variable life contracts.)

This supplement updates information contained in the Prospectus and Statement of Additional Information. Please retain this supplement for future reference.

The changes described below are being made to the Prospectus.

**SUMMARY FOR LARGECAP S&P 500 INDEX ACCOUNT**

*Under* **Principal Investment Strategies***, add the following to the end of the fourth paragraph:* 

The Fund may operate as a non-diversified fund, as defined under the Investment Company Act of 1940 ("1940 Act"), to the approximate extent the Index is non-diversified. The Fund may therefore operate as non-diversified solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index. A non-diversified fund can invest a higher percentage of assets in securities of individual issuers than a diversified fund. As a result, changes in the value of a single investment could cause greater fluctuations in the share price of a non-diversified fund than would occur in a more diversified fund.

*In the* **Principal Risks** *section*, *add the following* **Non-Diversification Risk** *alphabetically to the Fund's principal risks:*

**Non-Diversification Risk**. From time to time, the Fund may operate as a non-diversified fund under the 1940 Act, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Fund's Index. A non-diversified fund may invest a high percentage of its assets in the securities of a small number of issuers and is more likely than diversified funds to be significantly affected by a specific security's poor performance.

**SUMMARY FOR LARGECAP S&P 500 MANAGED VOLATILITY INDEX ACCOUNT**

*Under* **Principal Investment Strategies***, add the following to the end of the fourth paragraph:* 

The Fund may operate as a non-diversified fund, as defined under the Investment Company Act of 1940 ("1940 Act"), to the approximate extent the Index is non-diversified. The Fund may therefore operate as non-diversified solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index. A non-diversified fund can invest a higher percentage of assets in securities of individual issuers than a diversified fund. As a result, changes in the value of a single investment could cause greater fluctuations in the share price of a non-diversified fund than would occur in a more diversified fund.

*In the* **Principal Risks** *section*, *add the following* **Non-Diversification Risk** *alphabetically to the Fund's principal risks:*

**Non-Diversification Risk**. From time to time, the Fund may operate as a non-diversified fund under the 1940 Act, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Fund's Index. A non-diversified fund may invest a high percentage of its assets in the securities of a small number of issuers and is more likely than diversified funds to be significantly affected by a specific security's poor performance.

------

The changes described below are being made to the Statement of Additional Information.

**DESCRIPTION OF THE FUNDS' INVESTMENTS AND RISKS**

*Under* **Fundamental Restrictions**, *delete section 6)(b) and replace with the following:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)It is anticipated that the LargeCap S&P 500 Index Account and LargeCap S&P 500 Managed Volatility Index Account will be diversified in approximately the same proportions as the respective index that each of the Funds uses to measure its performance. Because the LargeCap S&P 500 Index Account and LargeCap S&P 500 Managed Volatility Index Account seek to track the performance of the securities included in its respective index, it is possible that LargeCap S&P 500 Index Account and LargeCap S&P 500 Managed Volatility Index Account may change from diversified to non-diversified as a result of a change in relative market capitalization or weighting of one or more constituents of the Fund's index. In such an instance, shareholder approval will not be sought when the LargeCap S&P 500 Index Account or LargeCap S&P 500 Managed Volatility Index Account crosses from diversified to non-diversified status due solely to a change in the relative market capitalization or index weightings of one or more constituents of the LargeCap S&P 500 Index Account's or LargeCap S&P 500 Managed Volatility Index Account's index.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The other Funds have each elected to be treated as a "diversified" investment company, as that term is used in the 1940 Act, as amended, and as interpreted, modified, or otherwise permitted by regulatory authority having jurisdiction, from time to time.