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Investment Type: separateaccount

Global Multi-Strategy Separate Account-Pro

Portfolio Composition

  as of 02/29/2024
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Asset Type Net Short Long U.S. Stocks 36.42% 5.16%   41.58%   Cash 26.61% 47.89%   74.5%   U.S. Bonds 18.84% 22.58%   41.41%   Non-U.S. Bonds 10.83% 10.38%   21.22%   Non-U.S. Stocks 4.9% 4.53%   9.42%   Convertibles 1.12% 0.0%   1.12%   Preferred 0.67% 0.0%   0.67%   Other 0.61% 0.01%   0.62%   Total 100%

Top 10 Holdings   as of 02/29/2024    What's this? % of Net Assets Principal Government Money Market R-6 16.40 Future on 2 Year Treasury Note 13.18 Future on 2 Year Treasury Note 7.02 Euro-Schatz Fut Mar24 6.22 E-Mini Russ 2000 Mar24 2.71 Future on 5 Year Treasury Note 2.36 Future on 5 Year Treasury Note 2.18 Dax Future Mar 24 1.72 Euro Stoxx 50 Future Mar 24 1.71 Ultra 10 Year US Treasury Note Future June 24 1.66 Total*: 55.15 *Values may exceed 100% if both long and short positions are included in the portfolio View Full Portfolio Holdings

Morningstar Style Box™   as of 02/29/2024    What's this?

Stock Sector Breakdown   as of 02/29/2024    What's this? % of Net Assets Cyclical 30.88 Basic Materials 4.15 Consumer Cyclical 12.07 Financial Svcs 11.52 Real Estate 3.14 Defensive 19.74 Consumer Defensive 5.80 Healthcare 12.28 Utilities 1.66 Sensitive 49.37 Comm Svcs 6.34 Energy 9.79 Industrials 14.16 Technology 19.08

Analysis   as of 02/29/2024 Average Market Cap (mil): $46,218.29 Price/Earnings Ratio: 17.21 Price/Book Ratio: 2.61 Price/Cash Flow Ratio: 10.29 Turnover Ratio: 147.00% # Stock Holdings: 1,028 # Bond Holdings: 568 # Other Holdings: 526 Total # of Holdings: 2,122

© 2024 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Investment options are subject to investment risk. Shares or unit values will fluctuate and investments, when redeemed, may be worth more or less than their original cost. Portfolio holdings are subject to change and companies referenced in this report may not currently be held. Information is current as of the creation of this piece. Keep in mind that portfolio holdings are subject to risk. Click here for a complete list of the most recent publicly available holdings. The full name of this investment option is Principal Global Multi-Strategy Separate Account-Pro. Principal Global Multi-Strategy investment option is available as a mutual fund and as a Separate Account that invests wholly in R6 class shares of the Principal Funds, Inc. Global Multi-Strategy R6 Fund. 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 (PGLSX) at http://www.principal.com/retirement/prospectuses/prospect.htm http://www.principal-funds.com/Principal?site=MF Separate Accounts are available through a group annuity contract with Principal Life Insurance Co. Insurance products and plan administrative services, if applicable, 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 (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. Not FDIC Insured May Lose Value - Not a Deposit - No Bank Guarantee Not Insured by any Federal Government Agency

Fees and expenses are only one of several factors that participants and beneficiaries should consider when making investment decisions.  The cumulative effect of fees and expenses can substantially reduce the growth of a participant's or beneficiary's retirement account.  Participants and beneficiaries can visit the Employee Benefit Security Administration's website for an example demonstrating the long-term effect of fees and expenses.

HFRX Global Hedge Fund Index is designed to be representative of the overall composition of the hedge fund universe. It is comprised of all eligible hedge fund strategies; including but not limited to convertible arbitrage, distressed securities, equity hedge, equity market neutral, event driven, macro, merger arbitrage, and relative value arbitrage. These calculated returns reflect the historical performance of the oldest share class of the fund, adjusted to reflect a portion of the fees and expenses of this share class. For time periods prior to inception date of the fund, predecessor performance is reflected. Please see the fund's prospectus for more information on specific expenses, and the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. The risks associated with derivative investments include that the underlying security, interest rate, market index, or other financial asset will not move in the direction the Investment Adviser and/or Sub-Advisor anticipated, the possibility that there may be no liquid secondary market, the risk that adverse price movements in an instrument can result in a loss substantially greater than a fund's initial investment, the possibility that the counterparty may fail to perform its obligations; and the inability to close out certain hedged positions to avoid adverse tax consequences. Investment manager/sub-advisor means either the Investment Advisor or Sub-Advisor to the investment option or the underlying asset(s). This fund utilizes alternative investment strategies such as arbitrage, leverage, derivatives, and shorting securities in addition to traditional investments. Investment risk may be magnified with the use of these alternative strategies. In addition, securities such as bonds, equities, commodities, international and emerging market securities, and currencies are used to implement the investment strategy. These investments are subject to risks associated with market and interest rate movements. The fund is considered non-diversified which may make it more susceptible to price volatility if the fund does not meet its objective. Due to the nature of the investment process, investors should not expect significant outperformance during market rallies. Additional risks are included in the funds prospectus. It is possible to lose money when investing in the fund.