Diversified International Separate Account As of September 30, 2016

SCHEDULE OF INVESTMENTS

SECURITY

MARKET VALUE

SHARES

AUSTRALIA AUST AND NZ BANKING GROUP MACQUARIE GROUP LTD CSL LTD/AUSTRALIA FORTESCUE METALS GROUP LTD

691,194 178,363 130,641 2,434,478

$ 14,721,584 $ 11,278,999 $ 10,741,281 $ 9,316,933 $ 46,058,797

0.62 % 0.47 % 0.46 % 0.40 % 1.95 %

378,200

$ 11,203,632 $ 11,203,632

0.47 % 0.47 %

61,256 15,497

$ 9,324,388 $ 406,806 $ 9,731,194

0.39 % 0.02 % 0.41 %

1,469,200 1,373,000 2,045,900 772,900

$ 13,566,647 $ 10,383,554 $ 9,382,985 $ 4,553,398 $ 37,886,583

0.57 % 0.44 % 0.39 % 0.19 % 1.59 %

835,497 648,000 565,300 494,739 291,978 335,800 370,900 286,300 359,600 2,601,100 2,401,800 17,051 546,400 135,700 174,800 324,700

$ 29,325,833 $ 28,715,633 $ 26,801,478 $ 23,934,187 $ 22,756,178 $ 20,762,494 $ 19,619,531 $ 18,682,205 $ 11,475,461 $ 10,944,708 $ 10,325,410 $ 9,973,327 $ 9,832,498 $ 8,774,423 $ 8,311,396 $ 7,802,188 $ 268,036,950

1.23 % 1.21 % 1.14 % 1.01 % 0.96 % 0.87 % 0.83 % 0.79 % 0.49 % 0.46 % 0.43 % 0.42 % 0.41 % 0.37 % 0.35 % 0.33 % 11.30 %

1,447,200 209,136 1,027,000

$ 40,237,441 $ 22,124,497 $ 13,128,128

1.69 % 0.93 % 0.55 %

TOTAL AUSTRALIA

AUSTRIA ERSTE GROUP BANK AG TOTAL AUSTRIA

BERMUDA CREDICORP LTD BROOKFIELD BUSINESS PART TOTAL BERMUDA

BRAZIL BB SEGURIDADE PARTICIPACOES LOJAS RENNER SA KROTON EDUCATIONAL SA QUALICORP SA TOTAL BRAZIL

CANADA BROOKFIELD ASSET MANAGEMENT IN TORONTO-DOMINION BANK TRANS CANADA CORP ALIMENTATION COUCHE TARD INC DOLLARAMA INC ROYAL BANK OF CANADA BANK OF NOVA SCOTIA CANADIAN NATIONAL RAILWAY CO CANADIAN ISSU CANADIAN NATURAL RESOURCES KINROSS GOLD CORP YAMANA GOLD INC FAIRFAX FINANCIAL HOLDINGS LTD TECK COMINCO LTD OPEN TEXT CORP CGI GROUP INC SEVEN GENERATIONS ENERGY TOTAL CANADA

CAYMAN ISLANDS TENCENT HOLDINGS LTD ALIBABA GROUP HOLDING LTD CK HUTCHISON HOLDINGS LTD PQ 669

% OF ASSETS

Not FDIC or NCUA insured May Lose Value, Not a Deposit, No Bank or CreditUnion Guarantee Not Insured by any Federal Government Agency

Informational data only. Do not use for audit purposes.

09-16

Diversified International Separate Account As of September 30, 2016

SCHEDULE OF INVESTMENTS

SECURITY TAL EDUCATION GROUP ADR CK HUTCHISON HOLDINGS LTD SUNNY OPTICAL TECH NEW ORIENTAL EDUCATIO-SP ADR CHINA CHINA TELECOM CORP LTD-H CHINA PETROLEUM & CHEMICAL COR PICC PROPERTY & CASUALTY

$ 11,874,555 $ 8,239,036 $ 6,568,916 $ 5,592,268 $ 107,764,842

0.50 % 0.35 % 0.28 % 0.24 % 4.54 %

23,034,000 10,038,000 2,706,000

$ 11,751,811 $ 7,411,085 $ 4,537,065 $ 23,699,961

0.49 % 0.31 % 0.19 % 0.99 %

98,447

$ 3,843,371 $ 3,843,371

0.16 % 0.16 %

650,527 181,741 197,304 475,320 67,885

$ 27,121,110 $ 22,018,891 $ 16,302,812 $ 13,910,018 $ 11,622,129 $ 90,974,961

1.14 % 0.93 % 0.69 % 0.58 % 0.49 % 3.83 %

549,095

$ 11,598,554 $ 11,598,554

0.49 % 0.49 %

521,898 531,544 308,759 1,110,681 154,595 156,714 110,399 268,556 416,959 298,021 77,360 103,204

$ 26,853,841 $ 25,290,672 $ 23,653,736 $ 17,408,624 $ 15,163,101 $ 12,183,834 $ 10,169,713 $ 10,151,180 $ 9,611,253 $ 9,271,568 $ 8,331,811 $ 6,346,928 $ 174,436,261

1.13 % 1.08 % 0.99 % 0.73 % 0.64 % 0.51 % 0.43 % 0.43 % 0.40 % 0.39 % 0.35 % 0.27 % 7.35 %

$ 21,995,490 $ 19,938,661

0.92 % 0.84 %

TOTAL CHINA

TOTAL COLOMBIA

DENMARK NOVO NORDISK A/S PANDORA A/S VESTAS WIND SYSTEMS A/S DANSKE BANK GENMAB A/S TOTAL DENMARK

FINLAND UPM-KYMMENE OYJ TOTAL FINLAND

FRANCE BNP PARIBAS TOTAL SA VINCI SA FRANCE TELECOM SA CAP GEMINI EIFFAGE THALES SA UBISOFT ENTERTAINMENT VEOLIA ENVIRONNEMENT SCOR SE ATOS ORIGIN SA TECHNIP SA TOTAL FRANCE

GERMANY FRESENIUS SE & CO KGAA SAP AG

PQ 669

% OF ASSETS

167,625 1,120,000 1,322,000 120,627

TOTAL CAYMAN ISLANDS

COLOMBIA BANCOLOMBIA SA ADR

MARKET VALUE

SHARES

275,241 217,935

Not FDIC or NCUA insured May Lose Value, Not a Deposit, No Bank or CreditUnion Guarantee Not Insured by any Federal Government Agency

Informational data only. Do not use for audit purposes.

09-16

Diversified International Separate Account As of September 30, 2016

SCHEDULE OF INVESTMENTS

SECURITY DEUTSCHE TELEKOM AG HANNOVER RUECKVERSICHERUNG AG SIEMENS AG INFINEON TECHNOLOGIES ADIDAS AG CONTINENTAL AG EVONIK INDUSTRIES AG DEUTSCHE WOHNEN AG PROSIEBEN SAT.1 MEDIA AG-REG VONOVIA SE KION GROUP AG ZALANDO SE COVESTRO AG HONG KONG CHINA MOBILE LTD WHARF HOLDINGS LTD WHEELOCK & CO LTD NEW WORLD DEVELOPMENT COMPANY

$ 19,357,866 $ 17,759,308 $ 17,650,994 $ 16,435,999 $ 16,170,322 $ 14,592,060 $ 10,873,496 $ 10,467,299 $ 8,901,624 $ 8,260,419 $ 5,235,471 $ 4,854,637 $ 4,744,788 $ 197,238,432

0.81 % 0.75 % 0.74 % 0.69 % 0.68 % 0.61 % 0.46 % 0.44 % 0.37 % 0.35 % 0.22 % 0.20 % 0.20 % 8.28 %

1,532,000 2,002,000 1,074,000 4,622,000

$ 18,820,745 $ 14,688,671 $ 6,379,681 $ 6,061,149 $ 45,950,245

0.79 % 0.62 % 0.27 % 0.25 % 1.93 %

168,076 523,123 1,208,288 1,039,266 107,429 174,569 1,234,855 2,109,273 87,301 136,622

$ 13,853,542 $ 9,884,858 $ 9,854,654 $ 9,575,011 $ 7,723,071 $ 6,979,269 $ 6,794,745 $ 5,600,213 $ 4,485,419 $ 2,616,193 $ 77,366,974

0.58 % 0.42 % 0.41 % 0.40 % 0.32 % 0.29 % 0.29 % 0.24 % 0.19 % 0.11 % 3.25 %

29,091,100 8,183,900

$ 9,686,917 $ 7,679,216 $ 17,366,133

0.41 % 0.32 % 0.73 %

TOTAL HONG KONG

INDIA MARUTI SUZUKI INDIA LTD YES BANK LTD AXIS BANK LTD BHARAT PETROLEUM CORP LTD HDFC BANK LTD ADR TATA MOTORS LTD ADR BHARTI INFRATEL LTD POWER GRID CORPORATION HERO MOTOCORP LIMITED HDFC BANK LIMITED TOTAL INDIA

TOTAL INDONESIA

IRELAND CRH PLC RYANAIR HOLDINGS PLC KINGSPAN GROUP PLC BANK OF IRELAND PQ 669

% OF ASSETS

1,151,757 165,606 150,468 921,369 92,936 69,227 321,056 287,542 207,534 217,813 80,770 116,145 80,146

TOTAL GERMANY

INDONESIA TELEKOMUNIKASI TBK BANK RAKYAT INDONESIA

MARKET VALUE

SHARES

640,997 150,346 396,925 37,132,292

$ 21,293,478 $ 11,280,460 $ 10,697,691 $ 7,766,485

Not FDIC or NCUA insured May Lose Value, Not a Deposit, No Bank or CreditUnion Guarantee Not Insured by any Federal Government Agency

Informational data only. Do not use for audit purposes.

0.90 % 0.47 % 0.45 % 0.33 % 09-16

Diversified International Separate Account As of September 30, 2016

SCHEDULE OF INVESTMENTS

SECURITY

MARKET VALUE

SHARES

ICON PLC GREENCORE GROUP PLC PADDY POWER BETFAIR PLC

83,267 1,170,501 38,949

$ 6,442,368 $ 5,098,812 $ 4,397,182 $ 66,976,477

0.27 % 0.22 % 0.18 % 2.82 %

3,003,239 283,123 215,385

$ 13,389,965 $ 7,416,685 $ 6,925,189 $ 27,731,839

0.56 % 0.31 % 0.29 % 1.16 %

530,600 1,120,000 4,577,014 494,900 545,500 774,700 628,900 1,264,650 1,083,300 191,800 375,600 310,300 878,600 1,992,000 2,210,000 237,600 343,300 813,500 27,800 507,700 402,500 118,300 1,025,000 440,400 139,700

$ 30,820,770 $ 25,566,896 $ 23,219,605 $ 22,666,034 $ 20,495,180 $ 19,706,922 $ 19,511,525 $ 18,682,742 $ 18,481,345 $ 16,975,482 $ 15,130,465 $ 14,422,988 $ 11,076,485 $ 9,348,587 $ 9,257,449 $ 9,124,553 $ 8,260,360 $ 8,080,083 $ 7,453,815 $ 6,772,844 $ 4,958,484 $ 4,914,678 $ 4,717,221 $ 4,241,946 $ 4,180,879 $ 338,067,339

1.31 % 1.09 % 0.99 % 0.97 % 0.88 % 0.84 % 0.83 % 0.80 % 0.79 % 0.72 % 0.64 % 0.61 % 0.48 % 0.40 % 0.39 % 0.39 % 0.35 % 0.34 % 0.31 % 0.29 % 0.21 % 0.21 % 0.20 % 0.18 % 0.18 % 14.40 %

375,762 1,000,763

$ 24,351,399 $ 23,575,291 $ 47,926,690

1.02 % 0.99 % 2.01 %

TOTAL IRELAND

ITALY ENEL SPA PRYSMIAN SPA RECORDATI SPA TOTAL ITALY

JAPAN TOYOTA MOTOR CORP MITSUBISHI CORP MITSUBISHI UFJ FINANCIAL GROUP NTT CORP FUJI HEAVY INDUSTRIES LTD NTT DOCOMO INC KDDI CORP ORIX CORP SEKISUI HOUSE LTD TOKYO ELECTRON LTD HOYA CORP TOYOTA INDUSTRIES CORP ITOCHU CORP HITACHI LTD MITSUBISHI HEAVY INDUSTRIES TOKIO MARINE HOLDINGS INC DAIICHI SANKYO COMPANY OBAYASHI CORP NINTENDO CO LTD YOKOGAWA ELECTRIC CORP HITACHI METALS LTD ZENKOKU HOSHO CO LTD FUJI ELECTRIC HOLDINGS CO. LTD HASEKO CORPORATION ULVAC INC TOTAL JAPAN

JERSEY, CI SHIRE LTD WPP PLC

% OF ASSETS

TOTAL JERSEY, CI

KOREA (SOUTH) PQ 669

Not FDIC or NCUA insured May Lose Value, Not a Deposit, No Bank or CreditUnion Guarantee Not Insured by any Federal Government Agency

Informational data only. Do not use for audit purposes.

09-16

Diversified International Separate Account As of September 30, 2016

SCHEDULE OF INVESTMENTS

SECURITY

MARKET VALUE

SHARES

SAMSUNG ELECTRONICS CO LTD KOREA ELECTRIC POWER CORP KT&G CORP NHN CORP

25,002 406,389 131,071 16,000

$ 36,421,990 $ 19,907,468 $ 14,926,295 $ 12,881,017 $ 84,136,771

1.53 % 0.84 % 0.63 % 0.54 % 3.54 %

7,032,000 3,081,134 440,445

$ 15,424,001 $ 5,643,744 $ 4,750,484 $ 25,818,229

0.65 % 0.24 % 0.20 % 1.09 %

812,560 2,411,355 445,388 998,556 170,111

$ 18,514,253 $ 13,780,743 $ 13,679,080 $ 12,332,728 $ 4,933,070 $ 63,239,873

0.78 % 0.58 % 0.58 % 0.52 % 0.21 % 2.67 %

68,878

$ 1,233,242 $ 1,233,242

0.05 % 0.05 %

498,414

$ 6,812,010 $ 6,812,010

0.29 % 0.29 %

319,388 815,119

$ 15,574,283 $ 7,678,421 $ 23,252,704

0.65 % 0.32 % 0.97 %

757,630 1,455,825

$ 8,347,218 $ 6,769,727 $ 15,116,945

0.35 % 0.28 % 0.63 %

2,982,182 66,542

$ 20,285,185 $ 9,826,193 $ 30,111,378

0.85 % 0.41 % 1.26 %

$ 13,195,488 $ 13,029,148 $ 9,223,924 $ 8,860,518

0.55 % 0.55 % 0.39 % 0.37 %

TOTAL KOREA (SOUTH)

MEXICO WALMART DE MEXICO SER V FIBRA UNO ADMINISTRACION SA PROMOTORA Y OPERADORA DE INF TOTAL MEXICO

NETHERLANDS KONINKLIJKE AHOLD DELHAIZE NV STEINHOFF INTERNATIONAL HOLDIN NN GROUP NV ING GROEP NV X 5 RETAIL GROUP NV ADR TOTAL NETHERLANDS

NORWAY MARINE HARVEST TOTAL NORWAY

PORTUGAL GALP ENERGIA SGPS SA TOTAL PORTUGAL

RUSSIAN FEDERATION LUKOIL ADR SBERBANK SPONSORED ADR TOTAL RUSSIAN FEDERATION

SOUTH AFRICA BARCLAYS AFRICA LTD SANLAM LTD TOTAL SOUTH AFRICA

SPAIN IBERDROLA SA AENA SA TOTAL SPAIN

SWEDEN INVESTOR AG SVENSKA CELLULOSA SKANDINAVISKA ENSKILDA BAN-A HEXAGON AB B SHARES PQ 669

% OF ASSETS

360,401 438,391 916,454 202,620 Not FDIC or NCUA insured

May Lose Value, Not a Deposit, No Bank or CreditUnion Guarantee Not Insured by any Federal Government Agency

Informational data only. Do not use for audit purposes.

09-16

Diversified International Separate Account As of September 30, 2016

SCHEDULE OF INVESTMENTS

SECURITY

MARKET VALUE

SHARES

SKANSKA AB-B SHS

314,597

$ 7,359,622 $ 51,668,699

0.31 % 2.17 %

170,910 491,291 94,882 738,157 87,288 5,419 116,667

$ 42,562,902 $ 38,878,381 $ 18,199,656 $ 16,672,602 $ 15,180,252 $ 11,071,753 $ 10,560,008 $ 153,125,554

1.79 % 1.63 % 0.77 % 0.70 % 0.64 % 0.47 % 0.44 % 6.44 %

6,218,624 2,669,120

$ 36,553,965 $ 5,021,978 $ 41,575,943

1.54 % 0.21 % 1.75 %

1,063,200 860,700

$ 4,562,764 $ 4,052,599 $ 8,615,363

0.19 % 0.17 % 0.36 %

474,170 3,353,625 7,680,925 3,042,819 1,070,999 1,753,165 489,039 714,743 2,114,446 575,269 266,916 640,223 1,627,354 814,010 314,287 778,376 1,132,574 475,600

$ 30,307,196 $ 15,876,471 $ 15,353,899 $ 15,343,062 $ 15,158,798 $ 14,814,163 $ 14,038,628 $ 13,872,616 $ 13,566,519 $ 12,112,978 $ 12,076,117 $ 10,544,771 $ 8,573,767 $ 7,918,768 $ 7,405,949 $ 6,407,731 $ 6,359,225 $ 3,639,507 $ 223,370,165

1.27 % 0.67 % 0.65 % 0.65 % 0.64 % 0.62 % 0.60 % 0.58 % 0.57 % 0.51 % 0.51 % 0.44 % 0.36 % 0.33 % 0.31 % 0.27 % 0.27 % 0.15 % 9.40 %

TOTAL SWEDEN

SWITZERLAND ROCHE HOLDING AG NESTLE SA LONZA GROUP AG ABB LTD ACTELION LTD GIVAUDAN-REG SWISS RE AG TOTAL SWITZERLAND

TAIWAN TAIWAN SEMICONDUSTOR MANUFACT UNI PRESIDENT ENTERPRISES CORP TOTAL TAIWAN

THAILAND SIAM COMMERCIAL BANK PCL BANGKOK BANK PLC TOTAL THAILAND

United Kingdom BRITISH AMERICAN TOBACCO PLC DIRECT LINE INSURANCE GROUP TAYLOR WIMPEY PLC BT GROUP PLC NATIONAL GRID PLC 3I GROUP PLC DIAGEO PLC COMPASS GROUP BARRATT DEVELOPMENTS PLC MONDI PLC INTERTEK GROUP PLC ASHTEAD GROUP PLC AUTO TRADER GROUP PLC TATE & LYLE PLC PERSIMMON PLC BTG PLC GALIFORM PLC INTERMEDIATE CAPITAL GROUP TOTAL United Kingdom

PQ 669

% OF ASSETS

Not FDIC or NCUA insured May Lose Value, Not a Deposit, No Bank or CreditUnion Guarantee Not Insured by any Federal Government Agency

Informational data only. Do not use for audit purposes.

09-16

Diversified International Separate Account As of September 30, 2016

SCHEDULE OF INVESTMENTS

SECURITY TOTAL MARKET VALUE CASH AND OTHER TOTAL PORTFOLIO

PQ 669

MARKET VALUE

SHARES

$ 2,331,936,110 $ 46,003,897 $ 2,377,940,007

Not FDIC or NCUA insured May Lose Value, Not a Deposit, No Bank or CreditUnion Guarantee Not Insured by any Federal Government Agency

Informational data only. Do not use for audit purposes.

% OF ASSETS 98.07% 1.93% 100.00%

09-16

Diversified International Separate Account As of September 30, 2016

International and global investment options are subject to additional risk due to fluctuating exchange rates, foreign accounting and financial policies, and other economic and political environments. Portfolio holdings may not reflect the current portfolio composition. The holdings listed do not constitute a recommendation to purchase or sell a particular security.

Separate Accounts are available through a group annuity contract with Principal Life Insurance Company. Insurance products and plan administrative, if applicable, services are provided by Principal Life Insurance Company, a member of Principal Financial Group, Des Moines, IA 50392. See the fact sheet for the full name of the Separate Account. Certain investment options may not be available in all states or U.S. commonwealths. Principal Life Insurance Company reserves the right to defer payments or transfers from Principal Life Separate Accounts as described in the group annuity contracts providing access to the Separate Accounts or as required by applicable law. Such deferment will be based on factors that may include situations such as: unstable or disorderly financial markets; investment conditions which do not allow for orderly investment transactions; or investment, liquidity, and other risks inherent in real estate (such as those associated with general and local economic conditions). If you elect to allocate funds to a Separate Account, you may not be able to immediately withdraw them. Before directing retirement funds to a separate account, investors should carefully consider the investment objectives, risks, charges and expenses of the separate account as well as their individual risk tolerance, time horizon and goals. For additional information contact us at 1-800-547-7754 or by visiting principal.com. An investment option’s unit value and investment return will vary with market conditions, and the principal value of an investment when you sell your shares may be more or less than the original cost. Information is current as of the creation of this piece. Keep in mind that portfolio holdings are subject to risk.

PQ 669

Not FDIC or NCUA insured May Lose Value, Not a Deposit, No Bank or CreditUnion Guarantee Not Insured by any Federal Government Agency

Informational data only. Do not use for audit purposes.

09-16