Variable annuities are long term investments and thus are not suitable for everyone; earnings grow tax-deferred; and withdrawals prior to age 59 ½ may result in a 10% penalty tax.
The initial offering of the Principal® Freedom Variable Annuity 2 was September 18, 2006. The separate account that funds the contract was established on January 12, 1970.
The investment results shown represent historical returns based upon the assumption that the Principal® Freedom Variable Annuity 2 was available for the period shown. Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data shown.
The return and principal value of an investment in any of the divisions will fluctuate so that the value, when redeemed, may be worth more or less than its original cost.
Except where noted, investment results include all charges and expenses (no contingent deferred surrender charge applies).
An investment in the Fidelity VIP Government Money Market subaccount is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the subaccounts. Although the subaccount seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The subaccounts sponsor has no legal obligation to provide financial support to the subaccount, and you should not expect that the sponsor will provide financial support to the subaccount at any time. The current yield reflects the current earnings of the fund, while the total return refers to a specific past holding period. The 7-Day Yield is the average income return over the previous seven days, assuming the rate stays the same for one year. It is the Fund's total income net of expenses, divided by the total number of outstanding shares and includes any applicable waiver or reimbursement.
Before investing in a variable annuity, investors should carefully consider the investment objectives, risks, charges and expenses of the contract and its underlying investment options. This and other information is contained in the free prospectus and, if available, the summary prospectus which can be obtained online or call customer service at 1.800.852.4450. Please read the prospectus and, if available, the summary prospectus carefully before investing.
Equity investment options involve greater risk, including heightened volatility, than fixed-income investment options. Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Fixed-income investment options that invest in mortgage securities are subject to increased risk due to real estate exposure.
|Principal® Freedom Variable Annuity 2
Quarterly Performance Update
|Average Annual Total Returns %
as of 12/31/2022
|YTD||1 Year||3 Year||5 Year||10 Year||Since
|SHORT-TERM FIXED INCOME|
|FIDELITY GOV MONEY MARKET||04/01/1982||0.23%||9.993264||0.000866||0.48||0.48||-0.36||0.13||-0.31||2.86||-0.04|
Current 7-day yield % 4.01
As of 12/31/2022
|SHORT-TERM INCOME||01/12/1994||0.47%||12.250568||- 0.000319||-4.36||-4.36||-1.25||-0.01||0.32||2.25||2.25|
|CORE PLUS BOND||12/18/1987||0.49%||14.084069||0.014079||-14.94||-14.94||-3.09||-0.67||0.43||4.26||4.26|
|GOVT & HIGH QUALITY BOND||05/06/1993||0.51%||11.935665||0.027578||-12.64||-12.64||-4.53||-1.72||-0.50||2.59||2.59|
|LIFETIME STRAT INCOME||08/30/2004||0.52%||15.132001||0.013991||-13.91||-13.91||-0.88||0.83||2.12||2.79||2.79|
|SAM BALANCED PORTFOLIO||06/03/1997||0.77%||20.648906||0.030399||-16.94||-16.94||1.04||2.89||5.38||5.71||5.71|
|SAM CONSERVATIVE BALANCED||04/23/1998||0.77%||18.612059||0.016943||-15.26||-15.26||-0.01||1.87||3.84||4.04||4.04|
|SAM CONSERVATIVE GROWTH||06/03/1997||0.77%||22.091228||0.011290||-18.57||-18.57||2.05||3.85||6.80||6.22||6.22|
|SAM FLEXIBLE INCOME||09/09/1997||0.73%||17.442911||0.016065||-13.93||-13.93||-1.07||1.07||2.79||4.26||4.26|
|SAM STRATEGIC GROWTH||06/03/1997||0.79%||23.088767||0.010426||-19.55||-19.55||2.97||4.53||7.72||6.75||6.75|
|LARGE US EQUITY|
|AMCENT VP DISCIPCOREVALUE||10/31/1997||0.70%||28.657746||0.153543||-13.56||-13.56||5.45||5.84||9.58||5.94||4.72|
|CAPITAL APPRECIATION||04/28/1998||0.63%||34.653206||- 0.044852||-17.21||-17.21||7.22||9.13||11.48||8.94||8.94|
|EQUITY INCOME||04/28/1998||0.47%||14.283137||- 0.015753||-11.34||-11.34||4.28||6.41||9.66||7.50||7.50|
|LARGECAP GROWTH I||06/01/1994||0.66%||38.809297||- 0.061351||-34.78||-34.78||2.04||7.82||11.60||8.91||8.91|
|LARGECAP S&P 500 INDEX||05/03/1999||0.24%||35.599455||- 0.000927||-19.10||-19.10||6.35||8.10||11.19||5.14||5.14|
|SMALL/MID US EQUITY|
|FIDELITY VIP MID CAP||12/28/1998||0.71%||18.564429||0.042881||-15.66||-15.66||7.03||4.84||8.81||10.41||6.70|
|REAL ESTATE SECURITIES||05/01/1998||0.79%||27.688569||- 0.107221||-26.12||-26.12||-0.56||3.94||6.77||8.65||8.65|