LargeCap S&P 500 Managed Volatility Index Account

C000132327 Fund Overview

LargeCap S&P 500 Managed Volatility 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: $119.36M
• 1-year return: 17.1%
• SEC CIK: 0000012601
• SEC series ID: S000042784
• Share class ID: C000132327

C000132327 Investment Objective and Strategy

LargeCap S&P 500 Managed Volatility 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 Account seeks long-term growth of capital, with an emphasis on managing volatility.

Principal investment strategy

"Under normal circumstances, the Account invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the S&P 500 Index (the ""Index"") at the time of each purchase. The Index is designed to represent U.S. equities with risk/return characteristics of the large cap universe, which include growth and value stocks. As of December 31, 2017 , the market capitalization range of the Index was between approximately $2.7 billion and $868.9 billion . The index is rebalanced quarterly. In part, the Account employs a passive investment approach designed to attempt to track the performance of the Index. In seeking its objective, the Account typically employs a replication strategy which involves investing in all the securities that make up the Index, in the same proportion as the Index.

The Account also uses derivative strategies and exchange-traded funds (""ETFs""). A derivative is a financial arrangement, the value of which is derived from, or based on, a traditional security, asset, or market index. Specifically, this portion of the Account invests in index futures and ETFs on a daily basis to gain exposure to the Index in an effort to minimize tracking error relative to the benchmark. The Account also employs an active volatility management strategy that buys vertical put spreads and vertical call spreads on the S&P 500 Index, S&P 500 Index futures, and an S&P 500 Index ETF. Vertical spreads are the simultaneous purchase and sale of two options of the same type with the same expiration date but two different strike prices. The strike price is the fixed price at which the owner of the option can buy (in the case of a call), or sell (in the case of a put), the underlying security.

This strategy seeks to produce gains regardless of the directional movement of the S&P 500 Index and mitigate volatility. The Account will not concentrate its investments (invest more than 25% of its assets) in a particular industry except to the extent the Index is so concentrated. Note: Standard & Poor's 500"" and ""S&P 500 "" are trademarks of S&P Global and have been licensed by PGI. The Account 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 Account."

C000132327 Holdings

Top 10 holdings of LargeCap S&P 500 Managed Volatility Index Account by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000132327 holdings

C000132327 Portfolio Allocation

Asset-class allocation of LargeCap S&P 500 Managed Volatility Index Account by percentage of net assets, from the latest SEC N-PORT filing.

C000132327 Performance

Total returns for C000132327 (as of 2026-10-01), from SEC filings.

C000132327 Risk Information

Risk metrics for C000132327, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 9.7%

C000132327 Costs and Fees

C000132327 costs about $37 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.37%
• Gross expense ratio: 0.37%
• Portfolio turnover: 11%
• Brokerage commissions: 0.82 bps of average net assets (SEC N-CEN)

C000132327 Cashflows

Over the 12 months to 2025-12, LargeCap S&P 500 Managed Volatility Index Account had net outflows of $19.58M, from monthly SEC N-PORT filings.

C000132327 Debt Constituents

No individual debt constituents are reported in LargeCap S&P 500 Managed Volatility Index Account's latest SEC N-PORT filing.

C000132327 Prospectus and SEC Filings

Official LargeCap S&P 500 Managed Volatility Index Account filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-04-25
• Prospectus (485BPOS) — filed 2024-04-25
• Prospectus (485BPOS) — filed 2023-04-27
• Portfolio holdings (N-PORT) — filed 2026-02-23
• Portfolio holdings (N-PORT) — filed 2025-11-24
• Portfolio holdings (N-PORT) — filed 2025-08-25
• 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:

• Vanguard Total Stock Market Index Fund (VTSMX)
• Vanguard 500 Index Fund (VFINX)
• iShares Core S&P 500 ETF (IVV)
• Fidelity 500 Index Fund (FXAIX)
• Vanguard Institutional Index Fund (VINIX)

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.