# EDGAR Filing Document

**Accession Number:** 0000012601
**File Stem:** 0000012601-26-000078
**Filing Date:** 2026-2
**Character Count:** 15971
**Document Hash:** 7df9e517bb9ce712b9f0216184ffb495
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000012601-26-000078.hdr.sgml**: 20260223

**ACCESSION NUMBER**: 0000012601-26-000078

**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:** 26662815

**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 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 |  |

## 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:** SAM Flexible Income Portfolio

- **b. EDGAR series identifier (if any):** S000014093

- **c. LEI of Series:** 549300XHUHBJWMEAVG57

**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:** $115948072.91

**Total Liabilities:** $34706.06

**Net Assets:** $115913366.85

**Cash Not Reported:** $110449.76

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000038549 | 0.52%                | 0.61%                | 0.09%                |
| Class ID C000038548 | 0.51%                | 0.68%                | 0.08%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1112585.42              | $-681452.47                                |
| Month 2  | $461165.86               | $61623.39                                  |
| Month 3  | $605894.32               | $-1560044.40                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                                   | Futures                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         3 | NC      | $-18491.15    | -0.02%            |  |  |  | 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        |    894828 | NS      | $8644035.68   | 7.46%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                   | Futures                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         7 | NC      | $-4853.42     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Principal U.S. Small-Cap ETF                          | Principal U.S. Small-Cap ETF                          | CUSIP: 74255Y607<br>LEI: 5493008MXNTNT2RRXN18 | Long             | EC               | RF                | US        |     27000 | NS      | $1558710.00   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Income Account                                 | Equity Income Account                                 | CUSIP: N/A<br>LEI: 54930095K9Z8PBKMWU68       | Long             | EC               | RF                | US        |    130408 | NS      | $4141760.21   | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Overseas Fund                                         | Overseas Fund                                         | CUSIP: 742553571<br>LEI: M8LPS0WBNG35BUE1BV52 | Long             | EC               | RF                | US        |     90283 | NS      | $1057213.73   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Capital Appreciation Fund                   | Principal Capital Appreciation Fund                   | CUSIP: 74254U432<br>LEI: 549300488LDV833BXR20 | Long             | EC               | RF                | US        |     32522 | NS      | $2798863.11   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Emerging Markets Fund                          | Global Emerging Markets Fund                          | CUSIP: 74256W618<br>LEI: 5493005LRWTRDOOFXF24 | Long             | EC               | RF                | US        |     25663 | NS      | $880756.60    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Inflation Protection Fund                             | Inflation Protection Fund                             | CUSIP: 74254T815<br>LEI: 5493006ECFME6VCZ0U45 | Long             | EC               | RF                | US        |    763729 | NS      | $5857798.98   | 5.05%             |  |  |  | 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        |    595605 | NS      | $5098378.09   | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Fixed Income Fund                                | Core Fixed Income Fund                                | CUSIP: 742537616<br>LEI: 2K6IF9KYA1Q08XNZVZ48 | Long             | EC               | RF                | US        |   3891591 | NS      | $33934669.91  | 29.28%            |  |  |  | No            |                  1 | On Loan: No      |
| High Yield Fund                                       | High Yield Fund                                       | CUSIP: 74256W626<br>LEI: 2U04QLKKFWRJC7CSOX80 | Long             | EC               | RF                | US        |    698417 | NS      | $4686376.43   | 4.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Macro Fund                                     | Global Macro Fund                                     | CUSIP: 74257B522<br>LEI: N/A                  | Long             | EC               | RF                | US        |    133332 | NS      | $1335981.65   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                   | Futures                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        10 | NC      | $-3519.33     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                   | Futures                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         3 | NC      | $213.84       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| International Equity Index Fund                       | International Equity Index Fund                       | CUSIP: 74256W519<br>LEI: 5493006KEEH2X763W530 | Long             | EC               | RF                | US        |    190927 | NS      | $2657710.27   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                   | Futures                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         3 | NC      | $-2843.16     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Short-Term Income Fund                                | Short-Term Income Fund                                | CUSIP: 74254U440<br>LEI: IJOCWVJG326LDFE5SJ51 | Long             | EC               | RF                | US        |    439496 | NS      | $5344275.60   | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                   | Futures                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         5 | NC      | $-5978.58     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| LargeCap Value Fund III                               | LargeCap Value Fund III                               | CUSIP: 74253J677<br>LEI: 549300P5E4OK1XZWQO33 | Long             | EC               | RF                | US        |    110778 | NS      | $1920894.01   | 1.66%             |  |  |  | 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        |     99407 | NS      | $6804409.15   | 5.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Bond Market Index Fund                                | Bond Market Index Fund                                | CUSIP: 742553316<br>LEI: VNIC77YUXCT48GBDSU43 | Long             | EC               | RF                | US        |    854788 | NS      | $7291338.90   | 6.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal International Equity ETF                    | Principal International Equity ETF                    | CUSIP: 74255Y698<br>LEI: 254900IUDNVVDBH14H30 | Long             | EC               | RF                | US        |    120630 | NS      | $3975964.80   | 3.43%             |  |  |  | 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        |    328108 | NS      | $3071092.83   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                   | Futures                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         7 | NC      | $10824.34     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MidCap Account                                        | MidCap Account                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | RF                | US        |      8614 | NS      | $534510.74    | 0.46%             |  |  |  | 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        |   7823757 | NS      | $7823756.77   | 6.75%             |  |  |  | No            |                  1 | On Loan: No      |
| LargeCap Growth Fund I                                | LargeCap Growth Fund I                                | CUSIP: 742537590<br>LEI: 5493005TWCHTR0PO8C36 | Long             | EC               | RF                | US        |     24887 | NS      | $401178.49    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Small-MidCap Dividend Income Fund                     | Small-MidCap Dividend Income Fund                     | CUSIP: 74256W469<br>LEI: 54930000PG64KHHYCN32 | Long             | EC               | RF                | US        |     74754 | NS      | $1469655.34   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| LargeCap S&P 500 Index Fund                           | LargeCap S&P 500 Index Fund                           | CUSIP: 74253Q788<br>LEI: 549300HDJCROTIVIXD92 | Long             | EC               | RF                | US        |     19024 | NS      | $615812.06    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Active High Yield ETF                       | Principal Active High Yield ETF                       | CUSIP: 74255Y102<br>LEI: 549300IJEBBJ7TDADP97 | Long             | EC               | RF                | US        |    121116 | NS      | $2301809.58   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Real Estate Securities Account                        | Real Estate Securities Account                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | RF                | US        |     33424 | NS      | $584249.25    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Diversified Real Asset Fund                           | Diversified Real Asset Fund                           | CUSIP: 742537467<br>LEI: 549300FY1HF8KNDK4G58 | Long             | EC               | RF                | US        |     70378 | NS      | $860720.35    | 0.74%             |  |  |  | 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