Diversified Balanced Managed Volatility Account
Data updated: 2026-05-26
C000132328 — Diversified Balanced Managed Volatility Account. Holdings, fees, performance and SEC filings.
C000132328 Fund Overview
Diversified Balanced Managed Volatility Account is a US mutual fund managed by Principal Variable Contracts Funds Inc, categorised as United States Multi-Cap / All-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 Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $82.12M
- 1-year return: 10.5%
- SEC CIK: 0000012601
- SEC series ID: S000042785
- Share class ID: C000132328
C000132328 Investment Objective and Strategy
Diversified Balanced Managed Volatility 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 to provide as high a level of total return (consisting of reinvested income and capital appreciation) as is consistent with reasonable risk, with an emphasis on managing volatility.
Principal investment strategy
"The Account operates as a fund of funds and invests in funds and exchange-traded funds (""ETFs"") of Principal Funds, Inc., PVC, Principal Exchange-Traded Funds and other fund complexes (collectively, the ""Underlying Funds""). The Account generally allocates approximately 50% of its assets to equity index Underlying Funds to gain broad market capitalization exposure to both U.S. and non-U.S investments and approximately 50% to fixed-income index Underlying Funds for intermediate duration fixed-income exposure. The asset class diversification of the Account is designed to moderate overall price volatility and cushion severe losses in any one investment sector. The Accounts assets are allocated among Underlying Funds in accordance with the Account's investment objective and based on qualitative and quantitative analyses and the relative market valuations of the Underlying Funds.
Without shareholder approval, the Advisor may alter the percentage ranges and/or substitute or remove Underlying Funds when it deems appropriate. The Account is re-balanced monthly. The Underlying Funds utilize derivative strategies. A derivative is a financial arrangement, the value of which is derived from, or based on, a traditional security, asset, or market index. Specifically, the Underlying Funds invest in equity index futures and ETFs to manage the equity exposure, as well as vertical call spreads and vertical put spreads as part of an active strategy intended to reduce volatility. 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."
C000132328 Holdings
Top 5 holdings of Diversified Balanced Managed Volatility Account by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Bond Market Index Account | 50.31% |
| LargeCap S&P 500 Index Account | 34.66% |
| International Equity Index Fund | 6.98% |
| SmallCap S&P 600 Index Fund | 4.06% |
| MidCap S&P 400 Index Fund | 4.02% |
C000132328 Portfolio Allocation
Asset-class allocation of Diversified Balanced Managed Volatility Account by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.0% |
C000132328 Performance
Total returns for C000132328 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -1.2% |
| 1 year | 10.5% |
| 3 years (annualised) | 9.2% |
| 5 years (annualised) | 4.7% |
C000132328 Risk Information
Risk metrics for C000132328, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.7%
C000132328 Costs and Fees
C000132328 costs about $55 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.55%
- Gross expense ratio: 0.55%
- Portfolio turnover: 15%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000132328 Cashflows
Over the 12 months to 2026-03, Diversified Balanced Managed Volatility Account had net outflows of $21.79M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | −$1.46M |
| 2026-02 | −$1.63M |
| 2026-01 | −$1.64M |
| 2025-12 | −$2.27M |
| 2025-11 | −$1.57M |
| 2025-10 | −$3.69M |
C000132328 Debt Constituents
No individual debt constituents are reported in Diversified Balanced Managed Volatility Account's latest SEC N-PORT filing.
C000132328 Prospectus and SEC Filings
Official Diversified Balanced Managed Volatility 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 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-23
- Portfolio holdings (N-PORT) — filed 2025-11-24
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other United States Multi-Cap / All-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.