# EDGAR Filing Document

**Accession Number:** 0000012601
**File Stem:** 0001752724-23-037061
**Filing Date:** 2023-2
**Character Count:** 11811
**Document Hash:** c06fe08dfd1e935c8f9e0634d90f6ee1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-037061.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-037061

**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:** 23659125

**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 Conservative Balanced Portfolio (Series ID: S000014091)

| Class ID   | Class Name                                                         | Ticker Symbol   |
|:---|:---|:---|
| C000038544 | Strategic Asset Management Conservative Balanced Portfolio Class 2 |  |
| C000038545 | Strategic Asset Management Conservative 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 Conservative Balanced Portfolio

- **b. EDGAR series identifier (if any):** S000014091

- **c. LEI of Series:** 549300XB7TM7VTQZRV55

**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:** $163349945.98

**Total Liabilities:** $43912.94

**Net Assets:** $163306033.04

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000038544 | 1.98%                | 5.01%                | -2.24%               |
| Class ID C000038545 | 2.05%                | 5.02%                | -2.20%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-336928.56              | $3356841.26                                |
| Month 2  | $-159955.76              | $8128467.99                                |
| Month 3  | $-22155.31               | $-5129689.08                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Short-Term Income Fund                                | Short-Term Income Fund                                | CUSIP: 74254U440<br>LEI: IJOCWVJG326LDFE5SJ51 | Long             | EC               | RF                | US        |    658887 | NS      | $7590376.85   | 4.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Overseas Fund                                         | Overseas Fund                                         | CUSIP: 742553571<br>LEI: M8LPS0WBNG35BUE1BV52 | Long             | EC               | RF                | US        |    126350 | NS      | $1168734.21   | 0.72%             |  |  |  | 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        |    470622 | NS      | $4004993.71   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Bond Market Index Fund                                | Bond Market Index Fund                                | CUSIP: 742553316<br>LEI: VNIC77YUXCT48GBDSU43 | Long             | EC               | RF                | US        |   2917610 | NS      | $24449571.41  | 14.97%            |  |  |  | No            |                  1 | On Loan: No      |
| Inflation Protection Fund                             | Inflation Protection Fund                             | CUSIP: 74254T815<br>LEI: 5493006ECFME6VCZ0U45 | Long             | EC               | RF                | US        |    722509 | NS      | $5541644.18   | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| MidCap Account                                        | MidCap Account                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | RF                | US        |     85832 | NS      | $4398900.92   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| International Small Company Fund                      | International Small Company Fund                      | CUSIP: 74256W493<br>LEI: 5493005DM6DKJRUY3N14 | Long             | EC               | RF                | US        |    113490 | NS      | $1028216.80   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Capital Appreciation Fund                   | Principal Capital Appreciation Fund                   | CUSIP: 74254U432<br>LEI: 549300488LDV833BXR20 | Long             | EC               | RF                | US        |    158570 | NS      | $8776844.91   | 5.37%             |  |  |  | No            |                  1 | On Loan: No      |
| High Yield Fund                                       | High Yield Fund                                       | CUSIP: 74256W626<br>LEI: 2U04QLKKFWRJC7CSOX80 | Long             | EC               | RF                | US        |    756976 | NS      | $4768948.88   | 2.92%             |  |  |  | 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        |   1183009 | NS      | $10339496.93  | 6.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Emerging Markets Fund                          | Origin Emerging Markets Fund                          | CUSIP: 742537483<br>LEI: 549300PYEJ7SMX1YOB34 | Long             | EC               | RF                | US        |    413050 | NS      | $3684407.92   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Real Estate Securities Fund                    | Global Real Estate Securities Fund                    | CUSIP: 742537624<br>LEI: 549300RURQIM2C42MH06 | Long             | EC               | RF                | US        |    102791 | NS      | $884006.33    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Diversified International Fund                        | Diversified International Fund                        | CUSIP: 74257B811<br>LEI: 549300WI2K0C68CW5R08 | Long             | EC               | RF                | US        |    428065 | NS      | $4875665.62   | 2.99%             |  |  |  | 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        |    953270 | NS      | $7854941.86   | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Diversified Real Asset Fund                           | Diversified Real Asset Fund                           | CUSIP: 742537467<br>LEI: 549300FY1HF8KNDK4G58 | Long             | EC               | RF                | US        |    414058 | NS      | $4550492.78   | 2.79%             |  |  |  | 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        |   1464725 | NS      | $1464724.85   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Chip Fund                                        | Blue Chip Fund                                        | CUSIP: 74256W535<br>LEI: 549300DIGKZKBG8KG876 | Long             | EC               | RF                | US        |    474081 | NS      | $13397519.14  | 8.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Fixed Income Fund                                | Core Fixed Income Fund                                | CUSIP: 742537616<br>LEI: 2K6IF9KYA1Q08XNZVZ48 | Long             | EC               | RF                | US        |   3773700 | NS      | $31774555.63  | 19.46%            |  |  |  | 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        |     35200 | NS      | $1376144.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Income Account                                 | Equity Income Account                                 | CUSIP: N/A<br>LEI: 54930095K9Z8PBKMWU68       | Long             | EC               | RF                | US        |    570754 | NS      | $15147801.18  | 9.28%             |  |  |  | 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        |    169230 | NS      | $6102433.80   | 3.74%             |  |  |  | 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