Diversified Balanced Volatility Control Account — new fund registration

PRINCIPAL VARIABLE CONTRACTS FUNDS INC registered 2 new fund series on Form 485APOS, filed 2016-12-14. Featured series: Diversified Balanced Volatility Control Account.

Registration

Registrant / trust: PRINCIPAL VARIABLE CONTRACTS FUNDS INC
CIK: 0000012601
Form: 485APOS
Filed: 2016-12-14
Accession: 0000012601-16-000514
Reported net assets: $202.4M

Series & classes (2)

Series	Class	Ticker	New
Diversified Balanced Volatility Control Account	Class 2	—	Yes
Diversified Growth Volatility Control Account	Class 2	—	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.25%
Gross expense ratio: 0.54%
Management fee: 0.12%
Net expense ratio: 0.53%
Other expenses: 0.01%

Investment objective

The Fund seeks to provide as high a level of total return (consisting of reinvested income and capital appreciation) as is consistent with reasonable risk, while seeking to control volatility.

Advisers

Principal Global Investors, LLC (Advisor)