# EDGAR Filing Document

**Accession Number:** 0000012601
**File Stem:** 0000012601-23-000004
**Filing Date:** 2023-1
**Character Count:** 26108
**Document Hash:** c225eee729b7afd55e0c7997de5fb689
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000012601-23-000004.hdr.sgml**: 20230112

**ACCESSION NUMBER**: 0000012601-23-000004

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230112

**DATE AS OF CHANGE**: 20230112

**EFFECTIVENESS DATE**: 20230112

**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:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-35570
- **FILM NUMBER:** 23525323

**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

### Global Emerging Markets Account (formerly, International Emerging Markets Account) (Series ID: S000007656)

---

|  |  |
|:---|:---|
| Class Name                              | Class ID   |
| Global Emerging Markets Account Class 1 | C000020904 |

---

### 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 |

---

### MidCap Account (Series ID: S000007662)

---

|  |  |
|:---|:---|
| Class Name             | Class ID   |
| MidCap Account Class 1 | C000020910 |
| MidCap Account Class 2 | C000079602 |

---

### Principal LifeTime 2010 Account (Series ID: S000007667)

---

|  |  |
|:---|:---|
| Class Name                              | Class ID   |
| Principal LifeTime 2010 Account Class 1 | C000020915 |

---

### Principal LifeTime 2020 Account (Series ID: S000007668)

---

|  |  |
|:---|:---|
| Class Name                              | Class ID   |
| Principal LifeTime 2020 Account Class 1 | C000020916 |

---

### Principal LifeTime 2030 Account (Series ID: S000007669)

---

|  |  |
|:---|:---|
| Class Name                              | Class ID   |
| Principal LifeTime 2030 Account Class 1 | C000020917 |

---

### Principal LifeTime 2040 Account (Series ID: S000007670)

---

|  |  |
|:---|:---|
| Class Name                              | Class ID   |
| Principal LifeTime 2040 Account Class 1 | C000020918 |

---

### Principal LifeTime 2050 Account (Series ID: S000007671)

---

|  |  |
|:---|:---|
| Class Name                              | Class ID   |
| Principal LifeTime 2050 Account Class 1 | C000020919 |

---

### Principal LifeTime Strategic Income Account (Series ID: S000007672)

---

|  |  |
|:---|:---|
| Class Name                                          | Class ID   |
| Principal LifeTime Strategic Income Account Class 1 | C000020920 |

---

### Real Estate Securities Account (Series ID: S000007673)

---

|  |  |
|:---|:---|
| Class Name                             | Class ID   |
| Real Estate Securities Account Class 1 | C000020921 |
| Real Estate Securities Account Class 2 | C000038552 |

---

### SmallCap Account (Series ID: S000007675)

---

|  |  |
|:---|:---|
| Class Name               | Class ID   |
| SmallCap Account Class 1 | C000020923 |
| SmallCap Account Class 2 | C000152597 |

---

### Core Plus Bond Account (Series ID: S000007677)

---

|  |  |
|:---|:---|
| Class Name                     | Class ID   |
| Core Plus Bond Account Class 1 | C000020925 |

---

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

---

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

---

### LargeCap Growth Account I (Series ID: S000007682)

---

|  |  |
|:---|:---|
| Class Name                        | Class ID   |
| LargeCap Growth Account I Class 1 | C000020930 |

---

### Equity Income Account (Series ID: S000014083)

---

|  |  |
|:---|:---|
| Class Name                    | Class ID   |
| Equity Income Account Class 1 | C000038528 |
| Equity Income Account Class 2 | C000038529 |
| Equity Income Account Class 3 | C000223413 |

---

### Strategic Asset Management Strategic Growth Portfolio (Series ID: S000014084)

---

|  |  |
|:---|:---|
| Class Name                                                    | Class ID   |
| Strategic Asset Management Strategic Growth Portfolio Class 1 | C000038530 |
| Strategic Asset Management Strategic Growth Portfolio Class 2 | C000038531 |

---

### Principal Capital Appreciation Account (Series ID: S000014085)

---

|  |  |
|:---|:---|
| Class Name                                     | Class ID   |
| Principal Capital Appreciation Account Class 1 | C000038532 |
| Principal Capital Appreciation Account Class 2 | C000038533 |

---

### Government & High Quality Bond Account f/k/a Mortgage Securities Account (Series ID: S000014088)

---

|  |  |
|:---|:---|
| Class Name                                     | Class ID   |
| Government & High Quality Bond Account Class 1 | C000038539 |

---

### Short-Term Income Account (Series ID: S000014089)

---

|  |  |
|:---|:---|
| Class Name                        | Class ID   |
| Short-Term Income Account Class 1 | C000038541 |

---

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

---

|  |  |
|:---|:---|
| Class Name                                            | Class ID   |
| Strategic Asset Management Balanced Portfolio Class 2 | C000038542 |
| Strategic Asset Management Balanced Portfolio Class 1 | C000038543 |

---

### Strategic Asset Management Conservative Balanced Portfolio (Series ID: S000014091)

---

|  |  |
|:---|:---|
| Class Name                                                         | Class ID   |
| Strategic Asset Management Conservative Balanced Portfolio Class 2 | C000038544 |
| Strategic Asset Management Conservative Balanced Portfolio Class 1 | C000038545 |

---

### Strategic Asset Management Conservative Growth Portfolio (Series ID: S000014092)

---

|  |  |
|:---|:---|
| Class Name                                                       | Class ID   |
| Strategic Asset Management Conservative Growth Portfolio Class 1 | C000038546 |
| Strategic Asset Management Conservative Growth Portfolio Class 2 | C000038547 |

---

### Strategic Asset Management Flexible Income Portfolio (Series ID: S000014093)

---

|  |  |
|:---|:---|
| Class Name                                                   | Class ID   |
| Strategic Asset Management Flexible Income Portfolio Class 1 | C000038548 |
| Strategic Asset Management Flexible Income Portfolio Class 2 | C000038549 |

---

### Diversified Balanced Account (Series ID: S000027170)

---

|  |  |
|:---|:---|
| Class Name                           | Class ID   |
| Diversified Balanced Account Class 2 | C000081996 |
| Diversified Balanced Account Class 1 | C000186093 |
| Diversified Balanced Account Class 3 | C000223414 |

---

### Diversified Growth Account (Series ID: S000027171)

---

|  |  |
|:---|:---|
| Class Name                         | Class ID   |
| Diversified Growth Account Class 2 | C000081997 |
| Diversified Growth Account Class 3 | C000223415 |

---

### Bond Market Index Account (Series ID: S000036925)

---

|  |  |
|:---|:---|
| Class Name                        | Class ID   |
| Bond Market Index Account Class 1 | C000112990 |

---

### Diversified Income Account (Series ID: S000036926)

---

|  |  |
|:---|:---|
| Class Name                         | Class ID   |
| Diversified Income Account Class 2 | C000112991 |
| Diversified Income Account Class 3 | C000223416 |

---

### Principal LifeTime 2060 Account (Series ID: S000040678)

---

|  |  |
|:---|:---|
| Class Name                              | Class ID   |
| Principal LifeTime 2060 Account Class 1 | C000126088 |

---

### 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 |

---

### Diversified Balanced Managed Volatility Account (Series ID: S000042785)

---

|  |  |
|:---|:---|
| Class Name                                              | Class ID   |
| Diversified Balanced Managed Volatility Account Class 2 | C000132328 |
| Diversified Balanced Managed Volatility Account Class 3 | C000223417 |

---

### Diversified Growth Managed Volatility Account (Series ID: S000042786)

---

|  |  |
|:---|:---|
| Class Name                                            | Class ID   |
| Diversified Growth Managed Volatility Account Class 2 | C000132329 |
| Diversified Growth Managed Volatility Account Class 3 | C000223418 |

---

### Diversified Balanced Volatility Control Account (Series ID: S000056528)

---

|  |  |
|:---|:---|
| Class Name                                              | Class ID   |
| Diversified Balanced Volatility Control Account Class 2 | C000178859 |
| Diversified Balanced Volatility Control Account Class 3 | C000223419 |

---

### Diversified Growth Volatility Control Account (Series ID: S000056529)

---

|  |  |
|:---|:---|
| Class Name                                            | Class ID   |
| Diversified Growth Volatility Control Account Class 2 | C000178860 |
| Diversified Growth Volatility Control Account Class 3 | C000223420 |

---

### Blue Chip Account (Series ID: S000070249)

---

|  |  |
|:---|:---|
| Class Name                | Class ID   |
| Blue Chip Account Class 3 | C000223412 |

---

### U.S. LargeCap Buffer July Account (Series ID: S000076127)

---

|  |  |
|:---|:---|
| Class Name | Class ID   |
| Class 2    | C000235586 |

---

### U.S. LargeCap Buffer October Account (Series ID: S000077914)

---

|  |  |
|:---|:---|
| Class Name | Class ID   |
| Class 2    | C000238594 |

---

### U.S. LargeCap Buffer April Account (Series ID: S000077915)

---

|  |  |
|:---|:---|
| Class Name | Class ID   |
| Class 2    | C000238595 |

---

### U.S. LargeCap Buffer January Account (Series ID: S000077916)

---

|  |  |
|:---|:---|
| Class Name | Class ID   |
| Class 2    | C000238596 |

---

## Series and Classes Contracts Data

### Global Emerging Markets Account (formerly, International Emerging Markets Account) (Series ID: S000007656)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000020904 | Global Emerging Markets Account Class 1 |  |

### 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 |  |

### MidCap Account (Series ID: S000007662)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000020910 | MidCap Account Class 1 |  |
| C000079602 | MidCap Account Class 2 |  |

### Principal LifeTime 2010 Account (Series ID: S000007667)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000020915 | Principal LifeTime 2010 Account Class 1 |  |

### Principal LifeTime 2020 Account (Series ID: S000007668)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000020916 | Principal LifeTime 2020 Account Class 1 |  |

### Principal LifeTime 2030 Account (Series ID: S000007669)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000020917 | Principal LifeTime 2030 Account Class 1 |  |

### Principal LifeTime 2040 Account (Series ID: S000007670)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000020918 | Principal LifeTime 2040 Account Class 1 |  |

### Principal LifeTime 2050 Account (Series ID: S000007671)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000020919 | Principal LifeTime 2050 Account Class 1 |  |

### Principal LifeTime Strategic Income Account (Series ID: S000007672)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000020920 | Principal LifeTime Strategic Income Account Class 1 |  |

### Real Estate Securities Account (Series ID: S000007673)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000020921 | Real Estate Securities Account Class 1 |  |
| C000038552 | Real Estate Securities Account Class 2 |  |

### SmallCap Account (Series ID: S000007675)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000020923 | SmallCap Account Class 1 |  |
| C000152597 | SmallCap Account Class 2 |  |

### Core Plus Bond Account (Series ID: S000007677)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000020925 | Core Plus Bond Account Class 1 |  |

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

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

### LargeCap Growth Account I (Series ID: S000007682)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000020930 | LargeCap Growth Account I Class 1 |  |

### Equity Income Account (Series ID: S000014083)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000038528 | Equity Income Account Class 1 |  |
| C000038529 | Equity Income Account Class 2 |  |
| C000223413 | Equity Income Account Class 3 |  |

### Strategic Asset Management Strategic Growth Portfolio (Series ID: S000014084)

| Class ID   | Class Name                                                    | Ticker Symbol   |
|:---|:---|:---|
| C000038530 | Strategic Asset Management Strategic Growth Portfolio Class 1 |  |
| C000038531 | Strategic Asset Management Strategic Growth Portfolio Class 2 |  |

### Principal Capital Appreciation Account (Series ID: S000014085)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000038532 | Principal Capital Appreciation Account Class 1 |  |
| C000038533 | Principal Capital Appreciation Account Class 2 |  |

### Government & High Quality Bond Account f/k/a Mortgage Securities Account (Series ID: S000014088)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000038539 | Government & High Quality Bond Account Class 1 |  |

### Short-Term Income Account (Series ID: S000014089)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000038541 | Short-Term Income Account Class 1 |  |

### 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 |  |

### 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 |  |

### Strategic Asset Management Conservative Growth Portfolio (Series ID: S000014092)

| Class ID   | Class Name                                                       | Ticker Symbol   |
|:---|:---|:---|
| C000038546 | Strategic Asset Management Conservative Growth Portfolio Class 1 |  |
| C000038547 | Strategic Asset Management Conservative Growth Portfolio Class 2 |  |

### Strategic Asset Management Flexible Income Portfolio (Series ID: S000014093)

| Class ID   | Class Name                                                   | Ticker Symbol   |
|:---|:---|:---|
| C000038548 | Strategic Asset Management Flexible Income Portfolio Class 1 |  |
| C000038549 | Strategic Asset Management Flexible Income Portfolio Class 2 |  |

### Diversified Balanced Account (Series ID: S000027170)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000081996 | Diversified Balanced Account Class 2 |  |
| C000186093 | Diversified Balanced Account Class 1 |  |
| C000223414 | Diversified Balanced Account Class 3 |  |

### Diversified Growth Account (Series ID: S000027171)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000081997 | Diversified Growth Account Class 2 |  |
| C000223415 | Diversified Growth Account Class 3 |  |

### Bond Market Index Account (Series ID: S000036925)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000112990 | Bond Market Index Account Class 1 |  |

### Diversified Income Account (Series ID: S000036926)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000112991 | Diversified Income Account Class 2 |  |
| C000223416 | Diversified Income Account Class 3 |  |

### Principal LifeTime 2060 Account (Series ID: S000040678)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000126088 | Principal LifeTime 2060 Account Class 1 |  |

### 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 |  |

### Diversified Balanced Managed Volatility Account (Series ID: S000042785)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000132328 | Diversified Balanced Managed Volatility Account Class 2 |  |
| C000223417 | Diversified Balanced Managed Volatility Account Class 3 |  |

### Diversified Growth Managed Volatility Account (Series ID: S000042786)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000132329 | Diversified Growth Managed Volatility Account Class 2 |  |
| C000223418 | Diversified Growth Managed Volatility Account Class 3 |  |

### Diversified Balanced Volatility Control Account (Series ID: S000056528)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000178859 | Diversified Balanced Volatility Control Account Class 2 |  |
| C000223419 | Diversified Balanced Volatility Control Account Class 3 |  |

### Diversified Growth Volatility Control Account (Series ID: S000056529)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000178860 | Diversified Growth Volatility Control Account Class 2 |  |
| C000223420 | Diversified Growth Volatility Control Account Class 3 |  |

### Blue Chip Account (Series ID: S000070249)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000223412 | Blue Chip Account Class 3 |  |

### U.S. LargeCap Buffer July Account (Series ID: S000076127)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000235586 | Class 2      |  |

### U.S. LargeCap Buffer October Account (Series ID: S000077914)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000238594 | Class 2      |  |

### U.S. LargeCap Buffer April Account (Series ID: S000077915)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000238595 | Class 2      |  |

### U.S. LargeCap Buffer January Account (Series ID: S000077916)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000238596 | Class 2      |  |

**Principal Variable Contracts Funds, Inc.**

**Supplement dated January 12, 2023**

**to the Statement of Additional Information dated May 1, 2022** 

**as amended and restated September 14, 2022**

**(as previously supplemented)**

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

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

On December 13, 2022 the Funds' Board elected Katharin (Kathy) S. Dyer and Frances P. Grieb as Independent Board Members effective January 26, 2023.

**LEADERSHIP STRUCTURE AND BOARD**

*In the* **Committee** *table, delete the members of the* <u>Audit Committee</u> and <u>Operations Committee</u> *and replace with the following:*

---

| |
|:---|
| **Committee and Independent Board Members** |
| <u>Audit Committee</u><br>Victor Hymes, Chair<br>Leroy T. Barnes, Jr.<br>Frances P. Grieb<br>Elizabeth A. Nickels<br>Meg VanDeWeghe |
| <u>Operations Committee</u><br>Padel L. Lattimer, Chair<br>Craig Damos<br>Katharin S. Dyer<br>Karrie McMillan |

---

*Under* **<u>Independent Board Members</u>***, add the following in alphabetical order:* 

**Katharin ("Kathy") S. Dyer.** Ms. Dyer has served as an Independent Board Member of the Fund Complex since January 2023. She is the founder and Chief Executive Officer of PivotWise, a firm providing strategic advice focused on digital transformation. Ms. Dyer currently serves as a director of Liquidity Services and the Grameen Foundation. She previously served as a director of Providence Health from 2019-2021, Noora Health from 2018-2021, YWCA of Nashville and Middle Tennessee from 2016-2022, and CARE from 2001-2013. She was formerly employed by IBM Global Services as a Global Partner and a member of the senior leadership team from 2016 to 2018. Ms. Dyer was a member of the Global Management Team at American Express Company from 2013 to 2015. Ms. Dyer earned her Bachelor of Arts from the University of Kentucky and her Master of Business Administration from the University of Maryland. Through her education, employment experience, and experience as a board member, Ms. Dyer is experienced with financial, information and digital technology, investment, and regulatory matters.

------

**Frances P. Grieb.** Ms. Grieb has served as an Independent Board Member of the Fund Complex since January 2023. Ms. Grieb currently serves as a director of First Interstate BancSystem, Inc. and the National Advisory Board of the College of Business at the University of Nebraska at Omaha. She is a member of the American Institute of Certified Public Accountants and the National Association of Corporate Directors. From 2014 to 2022, she served as a director of Great Western Bancorp, Inc. Ms. Grieb is a retired partner having served in various leadership roles at Deloitte LLP from 1982 to 2010. Ms. Grieb is a retired Certified Public Accountant. Ms. Grieb earned her Bachelor of Science in Business Administration with an emphasis in Accounting from the University of Nebraska at Omaha. Through her education, employment experience, and experience as a board member, Ms. Grieb is experienced with financial, accounting, investment, and regulatory matters.

*Under* **Additional Information Regarding Board Members and Officers***, in the* **INDEPENDENT BOARD MEMBERS** *table, add the following in alphabetical order:* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **INDEPENDENT BOARD MEMBERS** | **INDEPENDENT BOARD MEMBERS** | **INDEPENDENT BOARD MEMBERS** | **INDEPENDENT BOARD MEMBERS** | **INDEPENDENT BOARD MEMBERS** |
| **Name, Address,**<br>**and Year of Birth** | **Board Positions Held**<br>**with Fund Complex** | **Principal Occupation(s)**<br>**During Past 5 Years** | **Number of**<br>**Portfolios**<br>**Overseen**<br>**in Fund**<br>**Complex** | **Other**<br>**Directorships**<br>**Held During**<br>**Past 5 Years** |
| Frances P. Grieb<br>711 High Street<br>Des Moines, IA 50392<br>1960 | Director, PFI and PVC (since 2023)<br>Trustee, PDSRA and PETF (since 2023) | Retired | 131 | First Interstate BancSystems, Inc. (2022-present)<br>Great Western Bancorp, Inc. and Great Western Bank (2014-2022) |
| Katharin S. Dyer<br>711 High Street<br>Des Moines, IA 50392<br>1957 | Director, PFI and PVC (since 2023)<br>Trustee, PDSRA and PETF (since 2023) | Founder and Chief Executive Officer, Pivotwise (consulting services)<br>Global Partner, IBM (technology company) from 2016 – 2018 | 131 | Liquidity Services, Inc |

---

*In the* ***Board Member Ownership of Securities*** *section, add the following columns/rows alphabetically to the* ***Independent Board Members Table****:*

---

| | | |
|:---|:---|:---|
| **Independent Board Members** | **Independent Board Members** | **Independent Board Members** |
| **Account/Portfolio** | **Dyer**<sup>(2)</sup> | **Grieb**<sup>(2)</sup> |
| Accounts/Portfolios in this SAI | A | A |
| **Total Fund Complex** | A | A |

---

<sup>(2)</sup> Appointment effective January 26, 2023.

*In the* **Board Member and Officer Compensation** *section, add the following rows (alphabetically) and footnote to the table:*

---

| | | |
|:---|:---|:---|
| **Board Member** | **Funds in this SAI**<sup>(1)</sup> | **Fund Complex** |
| Katharin ("Kathy") S. Dyer<sup>(2)</sup> | $0 | $0 |
| Frances P. Grieb<sup>(2)</sup> | $0 | $0 |

---

<sup>(2)</sup> Ms. Dyer and Ms. Grieb were both elected to the Board effective January 26, 2023 and therefore did not receive compensation from the Funds or the Fund Complex for the fiscal year ended December 31, 2021.

<br>