LargeCap S&P 500 Index Account
Data updated: 2026-08-25
C000020908 — LargeCap S&P 500 Index Account. United States Large Cap Blend / Core Equity · $2.47B AUM. Holdings, fees, performance and SEC filings.
C000020908 Fund Overview
LargeCap S&P 500 Index Account is a US mutual fund managed by Principal Variable Contracts Funds Inc, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Principal Variable Contracts Funds Inc
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $2.47B
- 1-year return: 22.1%
- SEC CIK: 0000012601
- SEC series ID: S000007660
- Share class ID: C000020908
C000020908 Investment Objective and Strategy
LargeCap S&P 500 Index Account describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Principal Variable Contracts Funds Inc.
Investment objective
The Fund seeks long-term growth of capital.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the Standard & Poors (S&P) 500 Index (the Index). The Index is designed to represent U.S. equities with risk/return characteristics of the large cap universe. As of March 31, 2026, the market capitalization range of the companies comprising the Index was between approximately $5.3 billion and $4.2 trillion. Each component stock of the Index is weighted in proportion to its total market value. The Index is rebalanced quarterly. The Fund employs a passive investment approach designed to attempt to track the performance of the Index. In seeking its objective, the Fund typically employs a replication strategy, which involves investing in all the securities that make up the Index, in the same proportions as the Index.
The Fund will not concentrate (i.e., invest more than 25% of its assets) its investments in a particular industry except to the extent the Index is so concentrated. As of March 31, 2026, the Index was not concentrated in any industry. The Fund may operate as a non-diversified fund, as defined under the Investment Company Act of 1940 (1940 Act), to the approximate extent the Index is non-diversified. The Fund may, therefore, operate as non-diversified solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index. A non-diversified fund can invest a higher percentage of assets in securities of individual issuers than a diversified fund. As a result, changes in the value of a single investment could cause greater fluctuations in the share price of a non-diversified fund than would occur in a more diversified fund.
Note: Standard & Poors 500 and S&P 500 are trademarks of S&P Global and have been licensed by Principal. The Fund is not sponsored, endorsed, sold, or promoted by S&P Global, and S&P Global makes no representation regarding the advisability of investing in the Fund.
C000020908 Holdings
Top 10 holdings of LargeCap S&P 500 Index Account by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp | 7.39% |
| Apple Inc | 6.48% |
| Microsoft Corp | 4.23% |
| Amazon.com Inc | 3.56% |
| Alphabet Inc - A Shares | 3.20% |
| Broadcom Inc | 2.73% |
| Alphabet Inc - C Shares | 2.55% |
| Micron Technology Inc | 1.99% |
| Meta Platforms Inc | 1.89% |
| Tesla Inc | 1.81% |
C000020908 Portfolio Allocation
Asset-class allocation of LargeCap S&P 500 Index Account by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.1% |
| Cash & Equivalents | 0.9% |
C000020908 Performance
Total returns for C000020908 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 10.1% |
| 1 year | 22.1% |
| 3 years (annualised) | 20.3% |
| 5 years (annualised) | 13.1% |
C000020908 Risk Information
Risk metrics for C000020908, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.1%
C000020908 Costs and Fees
C000020908 costs about $20 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.20%
- Gross expense ratio: 0.20%
- Portfolio turnover: 3%
- Brokerage commissions: 0.41 bps of average net assets (SEC N-CEN)
C000020908 Cashflows
Over the 12 months to 2026-06, LargeCap S&P 500 Index Account had net outflows of $116.96M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$14.96M |
| 2026-05 | −$131.39M |
| 2026-04 | −$65.06M |
| 2026-03 | $85.59M |
| 2026-02 | −$19.27M |
| 2026-01 | −$22.42M |
C000020908 Debt Constituents
No individual debt constituents are reported in LargeCap S&P 500 Index Account's latest SEC N-PORT filing.
C000020908 Prospectus and SEC Filings
Official LargeCap S&P 500 Index Account filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-27
- Prospectus (485BPOS) — filed 2025-04-25
- Prospectus (485BPOS) — filed 2024-04-25
- Portfolio holdings (N-PORT) — filed 2026-08-25
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-23
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.