Diversified Balanced Volatility Control Account
Data updated: 2026-08-25
C000223419 — Diversified Balanced Volatility Control Account. Holdings, fees, performance and SEC filings.
C000223419 Fund Overview
Diversified Balanced Volatility Control 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: $287.26M
- 1-year return: -0.2%
- SEC CIK: 0000012601
- SEC series ID: S000056528
- Share class ID: C000223419
C000223419 Investment Objective and Strategy
Diversified Balanced Volatility Control 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 as high a level of total return (consisting of reinvested income and capital appreciation) as is consistent with reasonable risk, while seeking to control volatility.
Principal investment strategy
The Fund 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 Fund also invests in cash and cash equivalents (as investments and/or to serve as margin or collateral for derivatives positions) and derivative instruments (primarily exchange-traded futures). A derivative is a financial arrangement, the value of which is derived from, or based on, a traditional security, asset, or market index. The Fund uses a systematic approach to identify volatility signals in the market and determine whether equity market volatility is below or above average. During periods of lower equity market volatility, the Fund generally allocates approximately 50% of its assets to equity index Underlying Funds and long positions in ETFs and exchange-traded futures to gain broad market capitalization exposure to both U.S.
and non-U.S. equity investments, including investments in smaller companies, and approximately 50% to fixed-income Underlying Funds for intermediate duration fixed-income exposure. During periods of higher equity market volatility, the Fund implements a volatility control strategy to hedge its equity exposure. Specifically, the Fund invests in cash and/or cash equivalents, such as high-quality, short-term money market investments, and/or takes short positions in exchange-traded futures. The Funds assets are allocated among Underlying Funds in accordance with the Funds investment objective and based on qualitative and quantitative analyses and the relative market valuations of the Underlying Funds. Without shareholder approval, Principal Global Investors, LLC (PGI), the Funds investment advisor, may alter the percentage ranges and strategy allocations and/or substitute or remove Underlying Funds when it deems appropriate.
For example, during periods of higher equity market volatility, the allocations to the equity Underlying Funds might be reduced. The asset class diversification of the Fund is designed to moderate overall price volatility and cushion severe losses in any one investment sector.
C000223419 Holdings
Top 7 holdings of Diversified Balanced Volatility Control Account by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Bond Market Index Account | 49.65% |
| LargeCap S&P 500 Index Account | 15.13% |
| iShares Core S&P 500 ETF | 14.17% |
| International Equity Index Fund | 7.00% |
| Principal Funds, Inc - Government Money Market Fund - Class R-6 | 5.91% |
| SmallCap S&P 600 Index Fund | 4.12% |
| MidCap S&P 400 Index Fund | 4.06% |
C000223419 Portfolio Allocation
Asset-class allocation of Diversified Balanced Volatility Control Account by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 94.1% |
| Cash & Equivalents | 5.9% |
C000223419 Performance
Total returns for C000223419 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -0.2% |
| 3 years (annualised) | 5.7% |
C000223419 Risk Information
Risk metrics for C000223419, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.2%
C000223419 Costs and Fees
C000223419 costs about $68 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.68%
- Gross expense ratio: 0.68%
- Portfolio turnover: 41%
- Brokerage commissions: 0.11 bps of average net assets (SEC N-CEN)
C000223419 Cashflows
Over the 12 months to 2026-06, Diversified Balanced Volatility Control Account had net inflows of $58.35M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$6.11M |
| 2026-05 | $77.40M |
| 2026-04 | −$4.13M |
| 2026-03 | −$3.15M |
| 2026-02 | −$3.41M |
| 2026-01 | −$6.19M |
C000223419 Debt Constituents
No individual debt constituents are reported in Diversified Balanced Volatility Control Account's latest SEC N-PORT filing.
C000223419 Prospectus and SEC Filings
Official Diversified Balanced Volatility Control 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 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.