LargeCap Blend II Separate Account As of March 31, 2015 The schedule of investments listed below is for the Institutional class shares of the Principal Funds, Inc. LargeCap Blend Fund II, in which this Separate Account solely invests.
SCHEDULE OF INVESTMENTS
ISSUER
SHARES
MARKET VALUE
% TOTAL NET ASSETS
Apple Inc
156,381
$ 19,458,488
3.36%
Microsoft Corp
354,489
$ 14,411,750
2.49%
CVS Health Corp
125,228
$ 12,924,782
2.23%
Wells Fargo & Co
203,130
$ 11,050,272
1.91%
Exxon Mobil Corp
128,365
$ 10,911,025
1.88%
JP Morgan Chase & Co
179,307
$ 10,862,418
1.88%
Merck & Co Inc
184,616
$ 10,611,728
1.83%
Citigroup Inc
205,430
$ 10,583,754
1.83%
Johnson & Johnson
99,944
$ 10,054,366
1.74%
Amgen Inc
58,833
$ 9,404,455
1.62%
Facebook Inc
112,365
$ 9,238,088
1.60%
MetLife Inc
167,940
$ 8,489,367
1.47%
Johnson Controls Inc
163,155
$ 8,229,538
1.42%
Walt Disney Co/The
76,621
$ 8,036,777
1.39%
112,920
$ 7,910,046
1.37%
Google Inc - C Shares
14,241
$ 7,804,068
1.35%
Google Inc - A Shares
14,036
$ 7,785,769
1.34%
PepsiCo Inc
80,142
$ 7,663,178
1.32%
UnitedHealth Group Inc
64,528
$ 7,633,017
1.32%
General Electric Co
305,797
$ 7,586,824
1.31%
Pfizer Inc
187,091
$ 6,508,896
1.12%
Procter & Gamble Co/The
77,595
$ 6,358,134
1.10%
Honeywell International Inc
57,824
$ 6,031,621
1.04%
119,044
$ 5,789,110
1.00%
67,471
$ 5,110,928
0.88%
5,104,646
$ 5,104,646
0.88%
Raytheon Co
46,487
$ 5,078,705
0.88%
Thermo Fisher Scientific Inc
35,135
$ 4,720,036
0.82%
Occidental Petroleum Corp
61,726
$ 4,505,998
0.78%
103,906
$ 4,483,544
0.77%
10,159
$ 4,289,536
0.74%
4,106,871
$ 4,106,871
0.71%
34,425
$ 3,937,532
0.68%
17
$ 3,697,500
0.64%
55,596
$ 3,585,942
0.62%
107,914
$ 3,548,212
0.61%
ASML Holding NV - NY Reg Shares
35,013
$ 3,537,363
0.61%
Advance Auto Parts Inc
23,200
$ 3,472,808
0.60%
Eagle Materials Inc
41,546
$ 3,471,584
0.60%
Sempra Energy
31,257
$ 3,407,638
0.59%
TJX Cos Inc/The
Verizon Communications Inc Red Hat Inc BlackRock Liquidity Funds TempFund Portfolio
Oracle Corp Biogen Inc Goldman Sachs Financial Square Funds - Money Market Fund Ecolab Inc Berkshire Hathaway Inc - Class A Bristol-Myers Squibb Co Twenty-First Century Fox Inc - B Shares
PQ 4045
Not FDIC or NCUA Insured May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
3-15
LargeCap Blend II Separate Account As of March 31, 2015 The schedule of investments listed below is for the Institutional class shares of the Principal Funds, Inc. LargeCap Blend Fund II, in which this Separate Account solely invests.
SCHEDULE OF INVESTMENTS
ISSUER
SHARES
MARKET VALUE
% TOTAL NET ASSETS
American Tower Corp
35,986
$ 3,388,082
0.59%
Nestle SA
43,440
$ 3,267,581
0.56%
American Express Co
40,894
$ 3,194,639
0.55%
Boeing Co/The
21,039
$ 3,157,533
0.55%
Tyco International PLC
72,853
$ 3,137,050
0.54%
Bank of America Corp
202,738
$ 3,120,138
0.54%
Orbital ATK Inc
40,592
$ 3,110,565
0.54%
Starwood Hotels & Resorts Worldwide Inc
37,077
$ 3,095,930
0.53%
Halliburton Co
70,547
$ 3,095,602
0.53%
Berkshire Hathaway Inc - Class B
21,302
$ 3,074,305
0.53%
Visa Inc
46,978
$ 3,072,831
0.53%
Qualcomm Inc
43,122
$ 2,990,079
0.52%
Target Corp
36,177
$ 2,969,046
0.51%
Gilead Sciences Inc
30,253
$ 2,968,727
0.51%
Automatic Data Processing Inc
33,914
$ 2,904,395
0.50%
7,799
$ 2,902,008
0.50%
211,614
$ 2,858,905
0.49%
Charles Schwab Corp/The
92,885
$ 2,827,419
0.49%
Rockwell Automation Inc
24,364
$ 2,825,980
0.49%
CH Robinson Worldwide Inc
38,271
$ 2,802,203
0.48%
Chevron Corp
25,311
$ 2,657,149
0.46%
Hess Corp
39,022
$ 2,648,423
0.46%
Actavis PLC
8,552
$ 2,545,246
0.44%
VMware Inc
30,650
$ 2,513,607
0.43%
Cisco Systems Inc
89,194
$ 2,455,065
0.42%
Splunk Inc
41,340
$ 2,447,328
0.42%
International Business Machines Corp
15,053
$ 2,416,007
0.42%
Philip Morris International Inc
32,068
$ 2,415,682
0.42%
Coca-Cola Co/The
58,649
$ 2,378,217
0.41%
Home Depot Inc/The
20,805
$ 2,363,656
0.41%
Comcast Corp - Class A
41,796
$ 2,360,220
0.41%
Exelon Corp
68,019
$ 2,286,119
0.39%
4,927
$ 2,224,442
0.38%
MasterCard Inc
25,345
$ 2,189,555
0.38%
Wal-Mart Stores Inc
25,969
$ 2,135,950
0.37%
Intel Corp
66,777
$ 2,088,117
0.36%
AT&T Inc
63,864
$ 2,085,160
0.36%
AbbVie Inc
35,606
$ 2,084,375
0.36%
Medtronic PLC
26,426
$ 2,060,964
0.36%
United Technologies Corp
16,209
$ 1,899,695
0.33%
Amazon.com Inc Danone SA
Regeneron Pharmaceuticals Inc
PQ 4045
Not FDIC or NCUA Insured May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
3-15
LargeCap Blend II Separate Account As of March 31, 2015 The schedule of investments listed below is for the Institutional class shares of the Principal Funds, Inc. LargeCap Blend Fund II, in which this Separate Account solely invests.
SCHEDULE OF INVESTMENTS
ISSUER
SHARES
MARKET VALUE
% TOTAL NET ASSETS
Danaher Corp
22,034
$ 1,870,687
0.32%
Schlumberger Ltd
22,294
$ 1,860,211
0.32%
3M Co
10,873
$ 1,793,501
0.31%
Mondelez International Inc
48,574
$ 1,753,036
0.30%
Cameron International Corp
37,917
$ 1,710,815
0.30%
Eli Lilly & Co
23,432
$ 1,702,335
0.29%
8,333
$ 1,630,268
0.28%
17,051
$ 1,614,730
0.28%
1,364
$ 1,587,901
0.27%
Citrix Systems Inc
24,840
$ 1,586,531
0.27%
Altria Group Inc
31,361
$ 1,568,677
0.27%
Morgan Stanley
43,531
$ 1,553,621
0.27%
American Airlines Group Inc
29,047
$ 1,533,101
0.26%
Costco Wholesale Corp
10,055
$ 1,523,282
0.26%
Nike Inc
15,014
$ 1,506,355
0.26%
State Street Corp
20,402
$ 1,500,159
0.26%
Lowe's Cos Inc
19,903
$ 1,480,584
0.26%
Walgreens Boots Alliance Inc
17,446
$ 1,477,327
0.26%
Nucor Corp
31,011
$ 1,473,953
0.25%
Roche Holding AG
42,766
$ 1,470,295
0.25%
FedEx Corp
8,488
$ 1,404,340
0.24%
McKesson Corp
6,202
$ 1,402,892
0.24%
Twenty-First Century Fox Inc - A Shares
41,243
$ 1,395,663
0.24%
McDonald's Corp
14,132
$ 1,377,022
0.24%
Celgene Corp
11,884
$ 1,369,988
0.24%
EI du Pont de Nemours & Co
18,939
$ 1,353,570
0.23%
Abbott Laboratories
28,270
$ 1,309,749
0.23%
Delta Air Lines Inc
27,931
$ 1,255,778
0.22%
Broadcom Corp
28,803
$ 1,247,026
0.22%
FMC Technologies Inc
33,650
$ 1,245,387
0.22%
8,039
$ 1,241,302
0.21%
Salesforce.com Inc
18,157
$ 1,213,069
0.21%
Monsanto Co
10,671
$ 1,200,914
0.21%
Accenture PLC - Class A
12,786
$ 1,197,920
0.21%
Yahoo! Inc
26,326
$ 1,169,796
0.20%
XL Group PLC
31,556
$ 1,161,261
0.20%
NiSource Inc
26,235
$ 1,158,538
0.20%
Applied Materials Inc
51,346
$ 1,158,366
0.20%
Marsh & McLennan Cos Inc
20,384
$ 1,143,339
0.20%
Aetna Inc
10,320
$ 1,099,390
0.19%
Simon Property Group Inc Starbucks Corp Priceline Group Inc/The
Anthem Inc
PQ 4045
Not FDIC or NCUA Insured May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
3-15
LargeCap Blend II Separate Account As of March 31, 2015 The schedule of investments listed below is for the Institutional class shares of the Principal Funds, Inc. LargeCap Blend Fund II, in which this Separate Account solely invests.
SCHEDULE OF INVESTMENTS
ISSUER
SHARES
MARKET VALUE
% TOTAL NET ASSETS
Granite Construction Inc
30,160
$ 1,059,822
0.18%
FirstEnergy Corp
28,374
$ 994,792
0.17%
American Electric Power Co Inc
17,245
$ 970,031
0.17%
9,303
$ 952,534
0.16%
16,755
$ 946,490
0.16%
6,268
$ 939,448
0.16%
20,985
$ 930,265
0.16%
6,474
$ 929,602
0.16%
Bank of New York Mellon Corp/The
22,765
$ 916,064
0.16%
Seagate Technology PLC
17,286
$ 899,391
0.16%
Ross Stores Inc
8,478
$ 893,242
0.15%
Sherwin-Williams Co/The
3,103
$ 882,804
0.15%
11,012
$ 878,097
0.15%
BlackRock Inc
2,397
$ 876,918
0.15%
Stryker Corp
9,500
$ 876,375
0.15%
15,540
$ 875,679
0.15%
Humana Inc
4,900
$ 872,298
0.15%
Intercontinental Exchange Inc
3,712
$ 865,898
0.15%
AvalonBay Communities Inc
4,932
$ 859,401
0.15%
Alexion Pharmaceuticals Inc
4,922
$ 852,983
0.15%
Vornado Realty Trust
7,575
$ 848,400
0.15%
Netflix Inc
2,026
$ 844,214
0.15%
Goldman Sachs Group Inc/The
4,485
$ 843,045
0.15%
eBay Inc
14,554
$ 839,475
0.14%
Lam Research Corp
11,900
$ 835,797
0.14%
CarMax Inc
12,100
$ 835,021
0.14%
M&T Bank Corp
6,500
$ 825,500
0.14%
Anadarko Petroleum Corp
9,965
$ 825,202
0.14%
EMC Corp/MA
31,988
$ 817,613
0.14%
Northern Trust Corp
11,731
$ 817,064
0.14%
8,660
$ 816,551
0.14%
13,043
$ 812,057
0.14%
Vulcan Materials Co
9,543
$ 804,475
0.14%
EOG Resources Inc
8,759
$ 803,113
0.14%
United Parcel Service Inc
8,256
$ 800,337
0.14%
Precision Castparts Corp
3,723
$ 781,830
0.14%
13,500
$ 775,575
0.13%
Ameriprise Financial Inc
5,885
$ 769,993
0.13%
Union Pacific Corp
7,048
$ 763,369
0.13%
DIRECTV
8,958
$ 762,326
0.13%
Marathon Petroleum Corp Flowserve Corp Time Warner Cable Inc Textron Inc Becton Dickinson and Co
Delphi Automotive PLC
Discover Financial Services
L Brands Inc ConocoPhillips
Sensata Technologies Holding NV
PQ 4045
Not FDIC or NCUA Insured May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
3-15
LargeCap Blend II Separate Account As of March 31, 2015 The schedule of investments listed below is for the Institutional class shares of the Principal Funds, Inc. LargeCap Blend Fund II, in which this Separate Account solely invests.
SCHEDULE OF INVESTMENTS
ISSUER
SHARES
MARKET VALUE
% TOTAL NET ASSETS
PG&E Corp
14,338
$ 760,918
0.13%
National Oilwell Varco Inc
15,159
$ 757,798
0.13%
Coca-Cola Enterprises Inc
17,101
$ 755,864
0.13%
Canadian Natural Resources Ltd
24,200
$ 743,182
0.13%
8,002
$ 728,262
0.13%
Cognizant Technology Solutions Corp
11,662
$ 727,592
0.13%
International Paper Co
12,762
$ 708,163
0.12%
Colgate-Palmolive Co
10,141
$ 703,177
0.12%
Harley-Davidson Inc
11,539
$ 700,879
0.12%
Praxair Inc
5,782
$ 698,119
0.12%
AutoZone Inc
1,003
$ 684,206
0.12%
13,090
$ 681,727
0.12%
7,187
$ 680,681
0.12%
United Continental Holdings Inc
10,100
$ 679,225
0.12%
Micron Technology Inc
24,494
$ 664,522
0.11%
5,495
$ 648,245
0.11%
14,782
$ 645,530
0.11%
Dr Pepper Snapple Group Inc
8,201
$ 643,614
0.11%
Dollar General Corp
8,476
$ 638,921
0.11%
Crown Castle International Corp
7,609
$ 628,047
0.11%
Kraft Foods Group Inc
7,169
$ 624,527
0.11%
Caterpillar Inc
7,803
$ 624,474
0.11%
American International Group Inc
11,292
$ 618,689
0.11%
Hanesbrands Inc
18,387
$ 616,148
0.11%
Viacom Inc
8,947
$ 611,080
0.11%
Sysco Corp
15,872
$ 598,851
0.10%
AES Corp/VA
46,445
$ 596,818
0.10%
T-Mobile US Inc
18,600
$ 589,434
0.10%
5,541
$ 587,956
0.10%
16,238
$ 587,328
0.10%
Pioneer Natural Resources Co
3,551
$ 580,624
0.10%
Apache Corp
9,500
$ 573,135
0.10%
Time Warner Inc
6,779
$ 572,419
0.10%
15,428
$ 538,591
0.09%
9,600
$ 536,256
0.09%
11,151
$ 528,557
0.09%
3,800
$ 524,590
0.09%
Mattel Inc
22,900
$ 523,265
0.09%
Ford Motor Co
32,325
$ 521,726
0.09%
Public Storage
2,645
$ 521,435
0.09%
Western Digital Corp
Whole Foods Market Inc CME Group Inc/IL
Vertex Pharmaceuticals Inc US Bancorp/MN
Airgas Inc Spectra Energy Corp
CMS Energy Corp Celanese Corp Archer-Daniels-Midland Co Energizer Holdings Inc
PQ 4045
Not FDIC or NCUA Insured May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
3-15
LargeCap Blend II Separate Account As of March 31, 2015 The schedule of investments listed below is for the Institutional class shares of the Principal Funds, Inc. LargeCap Blend Fund II, in which this Separate Account solely invests.
SCHEDULE OF INVESTMENTS
ISSUER
SHARES
MARKET VALUE
% TOTAL NET ASSETS
Martin Marietta Materials Inc
3,700
$ 517,260
0.09%
Phillips 66
6,537
$ 513,808
0.09%
Express Scripts Holding Co
5,906
$ 512,464
0.09%
Ashland Inc
4,000
$ 509,240
0.09%
12,073
$ 507,790
0.09%
Shire PLC
2,100
$ 502,509
0.09%
Kohl's Corp
6,414
$ 501,896
0.09%
15,001
$ 497,283
0.09%
7,300
$ 496,838
0.09%
ConAgra Foods Inc
13,600
$ 496,808
0.09%
Freeport-McMoRan Inc
25,740
$ 487,773
0.08%
Texas Instruments Inc
8,364
$ 478,295
0.08%
475,823
$ 475,823
0.08%
Hubbell Inc
4,300
$ 471,366
0.08%
Pentair PLC
7,438
$ 467,776
0.08%
VeriSign Inc
6,926
$ 463,834
0.08%
14,584
$ 454,437
0.08%
Duke Energy Corp
5,822
$ 447,013
0.08%
Equifax Inc
4,800
$ 446,400
0.08%
686
$ 446,270
0.08%
PPG Industries Inc
1,974
$ 445,216
0.08%
Kellogg Co
6,700
$ 441,865
0.08%
Lockheed Martin Corp
2,151
$ 436,567
0.08%
CNA Financial Corp
10,500
$ 435,015
0.08%
Alcoa Inc
33,512
$ 432,975
0.07%
Monster Beverage Corp
3,120
$ 431,792
0.07%
Amphenol Corp
7,200
$ 424,296
0.07%
11,128
$ 417,300
0.07%
SL Green Realty Corp
3,227
$ 414,282
0.07%
Dow Chemical Co/The
8,596
$ 412,436
0.07%
Agilent Technologies Inc
9,700
$ 403,035
0.07%
Zoetis Inc
8,623
$ 399,159
0.07%
PNC Financial Services Group Inc/The
4,276
$ 398,694
0.07%
Stanley Black & Decker Inc
4,158
$ 396,507
0.07%
Comerica Inc
8,700
$ 392,631
0.07%
13,200
$ 390,984
0.07%
7,400
$ 381,766
0.07%
12,919
$ 381,756
0.07%
Ingersoll-Rand PLC
5,600
$ 381,248
0.07%
RPM International Inc
7,800
$ 374,322
0.06%
Kinder Morgan Inc/DE
Weyerhaeuser Co Fidelity National Information Services Inc
JP Morgan Prime Money Market Fund
Hewlett-Packard Co
Chipotle Mexican Grill Inc
General Motors Co
Hilton Worldwide Holdings Inc Rackspace Hosting Inc General Growth Properties Inc
PQ 4045
Not FDIC or NCUA Insured May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
3-15
LargeCap Blend II Separate Account As of March 31, 2015 The schedule of investments listed below is for the Institutional class shares of the Principal Funds, Inc. LargeCap Blend Fund II, in which this Separate Account solely invests.
SCHEDULE OF INVESTMENTS
ISSUER
SHARES
MARKET VALUE
% TOTAL NET ASSETS
NextEra Energy Inc
3,573
$ 371,771
0.06%
Ball Corp
5,250
$ 370,860
0.06%
Federal Realty Investment Trust
2,500
$ 368,025
0.06%
14,600
$ 367,774
0.06%
3,513
$ 363,244
0.06%
22,400
$ 358,624
0.06%
Capital One Financial Corp
4,490
$ 353,902
0.06%
Motorola Solutions Inc
5,300
$ 353,351
0.06%
Ally Financial Inc
16,700
$ 350,366
0.06%
Rite Aid Corp
39,700
$ 344,993
0.06%
Yum! Brands Inc
4,381
$ 344,872
0.06%
St Jude Medical Inc
5,200
$ 340,080
0.06%
General Dynamics Corp
2,497
$ 338,918
0.06%
Estee Lauder Cos Inc/The
4,000
$ 332,640
0.06%
Kimberly-Clark Corp
3,083
$ 330,220
0.06%
Southern Co/The
7,305
$ 323,465
0.06%
Kroger Co/The
4,145
$ 317,756
0.05%
Bunge Ltd
3,800
$ 312,968
0.05%
SanDisk Corp
4,862
$ 309,320
0.05%
DaVita HealthCare Partners Inc
3,800
$ 308,864
0.05%
Emerson Electric Co
5,429
$ 307,390
0.05%
Dover Corp
4,439
$ 306,824
0.05%
TD Ameritrade Holding Corp
8,200
$ 305,532
0.05%
600
$ 303,018
0.05%
ACE Ltd
2,664
$ 297,009
0.05%
Prudential Financial Inc
3,680
$ 295,541
0.05%
Dominion Resources Inc/VA
4,139
$ 293,331
0.05%
EQT Corp
3,500
$ 290,045
0.05%
Coach Inc
6,932
$ 287,193
0.05%
Lennar Corp
5,500
$ 284,955
0.05%
Travelers Cos Inc/The
2,615
$ 282,760
0.05%
Iron Mountain Inc
7,720
$ 281,626
0.05%
Keurig Green Mountain Inc
2,509
$ 280,331
0.05%
Tractor Supply Co
3,294
$ 280,188
0.05%
PPL Corp
8,300
$ 279,378
0.05%
PACCAR Inc
4,411
$ 278,511
0.05%
Prologis Inc
6,374
$ 277,651
0.05%
O'Reilly Automotive Inc
1,276
$ 275,922
0.05%
Roper Industries Inc
1,600
$ 275,200
0.05%
Macy's Inc
4,239
$ 275,153
0.05%
NRG Energy Inc McGraw Hill Financial Inc News Corp
Intuitive Surgical Inc
PQ 4045
Not FDIC or NCUA Insured May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
3-15
LargeCap Blend II Separate Account As of March 31, 2015 The schedule of investments listed below is for the Institutional class shares of the Principal Funds, Inc. LargeCap Blend Fund II, in which this Separate Account solely invests.
SCHEDULE OF INVESTMENTS
ISSUER
SHARES
MARKET VALUE
% TOTAL NET ASSETS
LyondellBasell Industries NV
3,128
$ 274,638
0.05%
Canadian Pacific Railway Ltd
1,500
$ 274,050
0.05%
Cigna Corp
2,074
$ 268,459
0.05%
Royal Dutch Shell PLC
4,500
$ 268,425
0.05%
SunTrust Banks Inc
6,528
$ 268,236
0.05%
Boston Properties Inc
1,907
$ 267,895
0.05%
E*Trade Financial Corp
9,300
$ 265,562
0.05%
Valero Energy Corp
4,170
$ 265,295
0.05%
Reynolds American Inc
3,834
$ 264,201
0.05%
Public Service Enterprise Group Inc
6,300
$ 264,096
0.05%
T Rowe Price Group Inc
3,244
$ 262,699
0.05%
Baxter International Inc
3,826
$ 262,081
0.05%
CSX Corp
7,848
$ 259,926
0.04%
Eaton Corp PLC
3,760
$ 255,454
0.04%
Edison International
4,055
$ 253,316
0.04%
Northrop Grumman Corp
1,572
$ 253,029
0.04%
Franklin Resources Inc
4,875
$ 250,185
0.04%
Zimmer Holdings Inc
2,113
$ 248,320
0.04%
HCP Inc
5,734
$ 247,766
0.04%
Adobe Systems Inc
3,349
$ 247,625
0.04%
CenturyLink Inc
7,050
$ 243,578
0.04%
Constellation Brands Inc
2,095
$ 243,460
0.04%
FNF Group
6,600
$ 242,616
0.04%
Cimarex Energy Co
2,100
$ 241,689
0.04%
Omnicom Group Inc
3,097
$ 241,504
0.04%
Allstate Corp/The
3,389
$ 241,195
0.04%
General Mills Inc
4,253
$ 240,720
0.04%
Williams Cos Inc/The
4,749
$ 240,252
0.04%
Cardinal Health Inc
2,648
$ 239,035
0.04%
Illinois Tool Works Inc
2,457
$ 238,673
0.04%
Southwest Airlines Co
5,356
$ 237,271
0.04%
Fiserv Inc
2,970
$ 235,818
0.04%
Deere & Co
2,689
$ 235,798
0.04%
Noble Energy Inc
4,813
$ 235,356
0.04%
Norwegian Cruise Line Holdings Ltd
4,300
$ 232,243
0.04%
Air Products & Chemicals Inc
1,523
$ 230,399
0.04%
BB&T Corp
5,905
$ 230,236
0.04%
Aflac Inc
3,572
$ 228,644
0.04%
10,069
$ 228,365
0.04%
3,870
$ 227,614
0.04%
Corning Inc Electronic Arts Inc
PQ 4045
Not FDIC or NCUA Insured May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
3-15
LargeCap Blend II Separate Account As of March 31, 2015 The schedule of investments listed below is for the Institutional class shares of the Principal Funds, Inc. LargeCap Blend Fund II, in which this Separate Account solely invests.
SCHEDULE OF INVESTMENTS
ISSUER
SHARES
MARKET VALUE
% TOTAL NET ASSETS
2,343
$ 227,177
0.04%
10,800
$ 227,124
0.04%
Avago Technologies Ltd
1,781
$ 226,151
0.04%
Range Resources Corp
4,300
$ 223,772
0.04%
Baker Hughes Inc
3,506
$ 222,911
0.04%
Norfolk Southern Corp
2,163
$ 222,616
0.04%
Consolidated Edison Inc
3,644
$ 222,284
0.04%
Equity Residential
2,845
$ 221,512
0.04%
LPL Financial Holdings Inc
5,000
$ 219,300
0.04%
Xcel Energy Inc
6,297
$ 219,199
0.04%
Aon PLC
2,280
$ 219,154
0.04%
BorgWarner Inc
3,600
$ 217,728
0.04%
Perrigo Co PLC
1,300
$ 215,215
0.04%
Hartford Financial Services Group Inc/The
5,143
$ 215,080
0.04%
Parker-Hannifin Corp
1,789
$ 212,497
0.04%
Expeditors International of Washington Inc
4,401
$ 212,040
0.04%
Health Care REIT Inc
2,732
$ 211,348
0.04%
VF Corp
2,789
$ 210,040
0.04%
Dollar Tree Inc
2,560
$ 207,731
0.04%
Marriott International Inc/MD
2,562
$ 205,780
0.04%
Carnival Corp
4,300
$ 205,712
0.04%
Sigma-Aldrich Corp
1,486
$ 205,440
0.04%
TE Connectivity Ltd
2,866
$ 205,263
0.04%
Paychex Inc
4,068
$ 201,834
0.03%
Wynn Resorts Ltd
1,600
$ 201,408
0.03%
Lorillard Inc
3,072
$ 200,755
0.03%
972
$ 196,402
0.03%
CBS Corp
3,220
$ 195,229
0.03%
Under Armour Inc
2,400
$ 193,800
0.03%
Edwards Lifesciences Corp
1,342
$ 191,181
0.03%
Host Hotels & Resorts Inc
9,427
$ 190,237
0.03%
AmerisourceBergen Corp
1,673
$ 190,170
0.03%
Chubb Corp/The
1,878
$ 189,866
0.03%
Ventas Inc
2,587
$ 188,903
0.03%
Altera Corp
4,400
$ 188,804
0.03%
Devon Energy Corp
3,107
$ 187,383
0.03%
Hospira Inc
2,133
$ 187,363
0.03%
Cummins Inc
1,334
$ 184,946
0.03%
Eversource Energy
3,600
$ 181,872
0.03%
Lincoln National Corp
3,163
$ 181,746
0.03%
Intuit Inc MGM Resorts International
Whirlpool Corp
PQ 4045
Not FDIC or NCUA Insured May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
3-15
LargeCap Blend II Separate Account As of March 31, 2015 The schedule of investments listed below is for the Institutional class shares of the Principal Funds, Inc. LargeCap Blend Fund II, in which this Separate Account solely invests.
SCHEDULE OF INVESTMENTS
ISSUER
SHARES
MARKET VALUE
% TOTAL NET ASSETS
Keysight Technologies Inc
4,850
$ 180,178
0.03%
Clorox Co/The
1,632
$ 180,156
0.03%
Mosaic Co/The
3,888
$ 179,081
0.03%
Progressive Corp/The
6,568
$ 178,650
0.03%
DTE Energy Co
2,205
$ 177,921
0.03%
Bed Bath & Beyond Inc
2,310
$ 177,350
0.03%
Genuine Parts Co
1,900
$ 177,061
0.03%
14,000
$ 176,960
0.03%
746
$ 175,914
0.03%
Nielsen NV
3,927
$ 175,026
0.03%
Entergy Corp
2,246
$ 174,043
0.03%
595
$ 168,790
0.03%
13,010
$ 167,179
0.03%
Boston Scientific Corp
9,363
$ 166,193
0.03%
Helmerich & Payne Inc
2,439
$ 166,023
0.03%
WPX Energy Inc
15,066
$ 164,671
0.03%
Mallinckrodt PLC
1,300
$ 164,645
0.03%
Michael Kors Holdings Ltd
2,498
$ 164,244
0.03%
17,057
$ 161,189
0.03%
Laboratory Corp of America Holdings
1,248
$ 157,360
0.03%
Rockwell Collins Inc
1,606
$ 155,059
0.03%
AMETEK Inc
2,936
$ 154,257
0.03%
CR Bard Inc
903
$ 151,117
0.03%
KeyCorp
10,645
$ 150,733
0.03%
California Resources Corp
19,690
$ 149,841
0.03%
Macerich Co/The
1,751
$ 147,662
0.03%
Incyte Corp
1,600
$ 146,656
0.03%
JM Smucker Co/The
1,267
$ 146,630
0.03%
679
$ 145,836
0.03%
1,043
$ 145,624
0.03%
772
$ 143,399
0.02%
Gap Inc/The
3,301
$ 143,032
0.02%
Tesoro Corp
1,560
$ 142,412
0.02%
Trimble Navigation Ltd
5,600
$ 141,120
0.02%
Pall Corp
1,400
$ 140,546
0.02%
Tyson Foods Inc
3,636
$ 139,259
0.02%
Wisconsin Energy Corp
2,806
$ 138,897
0.02%
Quest Diagnostics Inc
1,796
$ 138,023
0.02%
NetApp Inc
3,888
$ 137,868
0.02%
Kimco Realty Corp
5,134
$ 137,848
0.02%
Och-Ziff Capital Management Group LLC WW Grainger Inc
CF Industries Holdings Inc Xerox Corp
Regions Financial Corp
Affiliated Managers Group Inc Henry Schein Inc Mohawk Industries Inc
PQ 4045
Not FDIC or NCUA Insured May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
3-15
LargeCap Blend II Separate Account As of March 31, 2015 The schedule of investments listed below is for the Institutional class shares of the Principal Funds, Inc. LargeCap Blend Fund II, in which this Separate Account solely invests.
SCHEDULE OF INVESTMENTS
ISSUER
SHARES
MARKET VALUE
% TOTAL NET ASSETS
Nordstrom Inc
1,715
$ 137,749
0.02%
Xilinx Inc
3,254
$ 137,644
0.02%
Best Buy Co Inc
3,623
$ 136,913
0.02%
Newmont Mining Corp
6,209
$ 134,797
0.02%
Wyndham Worldwide Corp
1,486
$ 134,438
0.02%
Western Union Co/The
6,304
$ 131,186
0.02%
Loews Corp
3,200
$ 130,656
0.02%
CA Inc
3,968
$ 129,396
0.02%
Eastman Chemical Co
1,850
$ 128,131
0.02%
Newell Rubbermaid Inc
3,276
$ 127,993
0.02%
Concho Resources Inc
1,100
$ 127,512
0.02%
Ameren Corp
3,019
$ 127,402
0.02%
L-3 Communications Holdings Inc
1,011
$ 127,174
0.02%
Staples Inc
7,802
$ 127,056
0.02%
500
$ 124,930
0.02%
McCormick & Co Inc/MD
1,596
$ 123,068
0.02%
Republic Services Inc
3,025
$ 122,694
0.02%
700
$ 120,705
0.02%
International Flavors & Fragrances Inc
1,004
$ 117,870
0.02%
Expedia Inc
1,225
$ 115,309
0.02%
Sealed Air Corp
2,521
$ 114,857
0.02%
853
$ 113,986
0.02%
Continental Resources Inc/OK
2,600
$ 113,542
0.02%
Interpublic Group of Cos Inc/The
5,131
$ 113,498
0.02%
Southwestern Energy Co
4,785
$ 110,964
0.02%
United Rentals Inc
1,201
$ 109,483
0.02%
PVH Corp
1,026
$ 109,331
0.02%
CenterPoint Energy Inc
5,349
$ 109,173
0.02%
Franco-Nevada Corp
2,200
$ 106,788
0.02%
Fluor Corp
1,863
$ 106,489
0.02%
722
$ 106,177
0.02%
H&R Block Inc
3,304
$ 105,959
0.02%
Unum Group
3,128
$ 105,507
0.02%
Gannett Co Inc
2,823
$ 104,677
0.02%
898
$ 103,216
0.02%
Darden Restaurants Inc
1,487
$ 103,109
0.02%
Campbell Soup Co
2,212
$ 102,969
0.02%
Harris Corp
1,295
$ 101,994
0.02%
Cintas Corp
1,211
$ 98,854
0.02%
749
$ 98,494
0.02%
LinkedIn Corp
United Therapeutics Corp
Harman International Industries Inc
Snap-on Inc
F5 Networks Inc
Ralph Lauren Corp
PQ 4045
Not FDIC or NCUA Insured May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
3-15
LargeCap Blend II Separate Account As of March 31, 2015 The schedule of investments listed below is for the Institutional class shares of the Principal Funds, Inc. LargeCap Blend Fund II, in which this Separate Account solely invests.
SCHEDULE OF INVESTMENTS
ISSUER
SHARES
MARKET VALUE
% TOTAL NET ASSETS
1,778
$ 97,772
0.02%
11,800
$ 97,114
0.02%
Hormel Foods Corp
1,676
$ 95,281
0.02%
Murphy Oil Corp
2,005
$ 93,433
0.02%
Plum Creek Timber Co Inc
2,108
$ 91,593
0.02%
ADT Corp/The
2,129
$ 88,396
0.02%
Hasbro Inc
1,392
$ 88,030
0.02%
Pinnacle West Capital Corp
1,375
$ 87,656
0.02%
Chesapeake Energy Corp
6,176
$ 87,452
0.02%
DENTSPLY International Inc
1,686
$ 85,801
0.01%
Scripps Networks Interactive Inc
1,250
$ 85,700
0.01%
Torchmark Corp
1,547
$ 84,961
0.01%
Pepco Holdings Inc
3,145
$ 84,380
0.01%
Consol Energy Inc
3,000
$ 83,670
0.01%
Leggett & Platt Inc
1,763
$ 81,257
0.01%
Teradata Corp
1,827
$ 80,644
0.01%
Xylem Inc/NY
2,168
$ 75,923
0.01%
Total System Services Inc
1,982
$ 75,613
0.01%
Quanta Services Inc
2,631
$ 75,062
0.01%
NASDAQ OMX Group Inc/The
1,399
$ 71,265
0.01%
Newfield Exploration Co
2,001
$ 70,215
0.01%
Jacobs Engineering Group Inc
1,502
$ 67,830
0.01%
Integrys Energy Group Inc
934
$ 67,267
0.01%
AutoNation Inc
933
$ 60,020
0.01%
2,754
$ 58,027
0.01%
447
$ 57,377
0.01%
Pitney Bowes Inc
2,440
$ 56,901
0.01%
Urban Outfitters Inc
1,245
$ 56,834
0.01%
TECO Energy Inc
2,906
$ 56,376
0.01%
878
$ 53,918
0.01%
GameStop Corp
1,412
$ 53,600
0.01%
Windstream Holdings Inc
7,104
$ 52,570
0.01%
Patterson Cos Inc
1,020
$ 49,766
0.01%
593
$ 48,893
0.01%
Cablevision Systems Corp
2,630
$ 48,129
0.01%
Joy Global Inc
1,212
$ 47,486
0.01%
Owens-Illinois Inc
1,993
$ 46,477
0.01%
Noble Corp PLC
3,024
$ 43,183
0.01%
Genworth Financial Inc
4,200
$ 30,702
0.01%
792
$ 21,218
0.00%
SCANA Corp Atmel Corp
Ensco PLC Dun & Bradstreet Corp/The
Assurant Inc
Fossil Group Inc
Diamond Offshore Drilling Inc
PQ 4045
Not FDIC or NCUA Insured May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
3-15
LargeCap Blend II Separate Account As of March 31, 2015 The schedule of investments listed below is for the Institutional class shares of the Principal Funds, Inc. LargeCap Blend Fund II, in which this Separate Account solely invests.
2,740
Safeway Inc Total Market Value Cash Total Net Assets
PQ 4045
Not FDIC or NCUA Insured May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
$ 493
0.00%
$ 578,042,076
99.83%
1,005,659
0.17%
$ 579,047,736
100.00%
3-15
LargeCap Blend II Separate Account As of March 31, 2015 The schedule of investments listed below is for the Institutional class shares of the Principal Funds, Inc. LargeCap Blend Fund II, in which this Separate Account solely invests.
Portfolio holdings may not reflect the current portfolio composition. The holdings listed do not constitute a recommendation to purchase or sell a particular security. This Separate Account invests solely in the Institutional class shares of the Principal Funds . All voting rights associated with ownership of shares in the mutual fund are the rights of the Separate Account , not of contract holders investing in the Separate Account . For further information on the underlying mutual fund, see the prospectus of the fund.
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 the 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 4045
Not FDIC or NCUA Insured May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
3-15
