Principal Capital Appreciation Account
Data updated: 2026-08-25
C000038532 — Principal Capital Appreciation Account. United States Large Cap Blend / Core Equity · $263.02M AUM. Holdings, fees, performance and SEC filings.
C000038532 Fund Overview
Principal Capital Appreciation 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: $263.02M
- 1-year return: 20.2%
- SEC CIK: 0000012601
- SEC series ID: S000014085
- Share class ID: C000038532
C000038532 Investment Objective and Strategy
Principal Capital Appreciation 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 long-term growth of capital.
Principal investment strategy
The Fund invests primarily in equity securities of U.S. companies with any market capitalization, but it has a greater exposure to large market capitalization companies than small or medium market capitalization companies. Although there is no restriction on the size of the companies in which the Fund invests, most of the Fund's investments typically include companies with a market capitalization over $10 billion at the time of purchase. Those managing the Funds investments seek to invest in securities of businesses that they believe are trading at a discount to their private market value (i.e., the value of the business if it was sold), have a competitive advantage, and/or that have barriers to entry in their respective industries. On or about July 1, 2026, subject to shareholder approval, add the following: The Fund is considered non-diversified, which means it 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 Fund's share price than would occur in a more diversified fund.
C000038532 Holdings
Top 10 holdings of Principal Capital Appreciation Account by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp | 7.15% |
| Apple Inc | 5.95% |
| Alphabet Inc - A Shares | 5.39% |
| Microsoft Corp | 3.88% |
| Amazon.com Inc | 3.69% |
| Broadcom Inc | 2.75% |
| JPMorgan Chase & Co | 2.39% |
| Visa Inc | 2.37% |
| Eli Lilly & Co | 2.06% |
| Micron Technology Inc | 1.76% |
C000038532 Portfolio Allocation
Asset-class allocation of Principal Capital Appreciation Account by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.4% |
| Cash & Equivalents | 1.3% |
C000038532 Performance
Total returns for C000038532 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 9.9% |
| 1 year | 20.2% |
| 3 years (annualised) | 19.7% |
| 5 years (annualised) | 12.9% |
C000038532 Risk Information
Risk metrics for C000038532, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.3%
C000038532 Costs and Fees
C000038532 costs about $63 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.63%
- Gross expense ratio: 0.63%
- Portfolio turnover: 58%
- Brokerage commissions: 3.26 bps of average net assets (SEC N-CEN)
C000038532 Cashflows
Over the 12 months to 2026-06, Principal Capital Appreciation Account had net inflows of $3.41M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$1.27M |
| 2026-05 | −$1.46M |
| 2026-04 | −$1.60M |
| 2026-03 | −$479.61K |
| 2026-02 | −$38.81K |
| 2026-01 | −$2.18M |
C000038532 Debt Constituents
No individual debt constituents are reported in Principal Capital Appreciation Account's latest SEC N-PORT filing.
C000038532 Prospectus and SEC Filings
Official Principal Capital Appreciation 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.