U.S. LargeCap Buffer October Account — new fund registration

PRINCIPAL VARIABLE CONTRACTS FUNDS INC registered 3 new fund series on Form 485APOS, filed 2022-08-12. Featured series: U.S. LargeCap Buffer October Account.

Registration

Registrant / trust: PRINCIPAL VARIABLE CONTRACTS FUNDS INC
CIK: 0000012601
Form: 485APOS
Filed: 2022-08-12
Accession: 0001683863-22-005561
Reported net assets: $63.1M

Series & classes (3)

Series	Class	Ticker	New
U.S. LargeCap Buffer October Account	Class 2	—	Yes
U.S. LargeCap Buffer April Account	Class 2	—	Yes
U.S. LargeCap Buffer January Account	Class 2	—	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.25%
Gross expense ratio: 1.00%
Management fee: 0.69%
Net expense ratio: 0.99%
Other expenses: 0.03%

Investment objective

The Fund seeks to provide investors with returns (before fees and expenses) based on the S&P 500 Price Return Index (the Index), while seeking to provide a buffer against the first 10% (prior to taking into account any fees and expenses of the Fund) of Index losses, over a twelve-month period beginning on October 1 and ending on September30.

Advisers

Principal Global Investors, LLC (Advisor)