Core Plus Bond Account
Data updated: 2026-08-25
C000020925 — Core Plus Bond Account. Long Total / Aggregate Bond · $242.70M AUM · 0.50% expense ratio. Holdings, fees, performance and SEC filings.
C000020925 Fund Overview
Core Plus Bond Account is a US mutual fund managed by Principal Variable Contracts Funds Inc, categorised as Long Total / Aggregate Bond. 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: Long Total / Aggregate Bond
- Assets under management: $242.70M
- 1-year return: 4.3%
- SEC CIK: 0000012601
- SEC series ID: S000007677
- Share class ID: C000020925
C000020925 Investment Objective and Strategy
Core Plus Bond 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 to provide current income
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in bonds. Bonds include securities issued or guaranteed by the U.S. government or its agencies or instrumentalities; asset-backed securities and mortgage-backed securities (securitized products, including collateralized mortgage obligations); and corporate bonds. The Fund also invests in other debt securities, including foreign securities and emerging market securities. The Fund invests in investment-grade securities and, with respect to up to 25% of its assets, in below-investment-grade securities (sometimes called high yield or junk), which are rated at the time of purchase Ba1 or lower by Moodys Investors Service, Inc. (Moodys) and BB+ or lower by S&P Global Ratings (S&P Global).
If the security has been rated by only one of the rating agencies, that rating will determine the securitys rating; if the security is rated differently by the rating agencies, the highest rating will be used; and if the security has not been rated by either of the rating agencies, those selecting such investments will determine the securitys quality. The Fund is not managed to a particular maturity. Under normal circumstances, the Fund maintains an average portfolio duration that is within 25% of the duration of the Bloomberg US Aggregate Index, which as of March 31, 2026 was 6.03 years. The Funds strategies may result in the active and frequent trading of the Funds portfolio securities. The Fund enters into dollar roll transactions, which may involve leverage. The Fund invests in derivatives, including Treasury futures, credit index futures, and interest rate swaps to manage the fixed-income exposure (including for hedging purposes) and credit default swaps to increase or decrease, in an efficient manner, exposures to certain sectors or individual issuers.
A derivative is a financial arrangement, the value of which is derived from, or based on, a traditional security, asset, or market index.
C000020925 Holdings
Top 10 holdings of Core Plus Bond Account by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| iShares Broad USD High Yield Corporate Bond ETF | 4.13% |
| Principal Funds, Inc - Government Money Market Fund - Class R-6 | 2.62% |
| Vanguard Emerging Markets Government Bond ETF | 2.08% |
| United States Treasury Note/Bond | 1.23% |
| United States Treasury Note/Bond | 1.23% |
| Vanguard Short-Term Corporate Bond ETF | 1.20% |
| United States Treasury Bill | 1.05% |
| Fannie Mae Pool | 0.98% |
| Ginnie Mae | 0.97% |
| United States Treasury Note/Bond | 0.86% |
C000020925 Portfolio Allocation
Asset-class allocation of Core Plus Bond Account by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 49.3% |
| Securitized | 41.1% |
| Equity | 7.4% |
| Cash & Equivalents | 3.3% |
| Loans | 1.9% |
C000020925 Performance
Total returns for C000020925 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.9% |
| 1 year | 4.3% |
| 3 years (annualised) | 4.2% |
| 5 years (annualised) | -0.2% |
C000020925 Risk Information
Risk metrics for C000020925, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.0%
C000020925 Costs and Fees
C000020925 costs about $50 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.50%
- Gross expense ratio: 0.50%
- Portfolio turnover: 170%
- Brokerage commissions: 0.19 bps of average net assets (SEC N-CEN)
C000020925 Cashflows
Over the 12 months to 2026-06, Core Plus Bond Account had net inflows of $33.26M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$1.39M |
| 2026-05 | −$1.67M |
| 2026-04 | −$181.95K |
| 2026-03 | $902.40K |
| 2026-02 | −$347.99K |
| 2026-01 | −$2.75M |
C000020925 Debt Constituents
Largest debt holdings of Core Plus Bond Account by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury Note/Bond | 1.23% |
| United States Treasury Note/Bond | 1.23% |
| United States Treasury Bill | 1.05% |
| United States Treasury Note/Bond | 0.86% |
| United States Treasury Note/Bond | 0.83% |
| United States Treasury Note/Bond | 0.61% |
| Broadcom Inc | 0.52% |
| Morgan Stanley | 0.47% |
| Huntington Bancshares Inc/OH | 0.42% |
| Ford Motor Credit Co LLC | 0.36% |
C000020925 Prospectus and SEC Filings
Official Core Plus Bond 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 Long Total / Aggregate Bond 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.