June 01, 2026

June investment option changes for variable annuity products

The following name changes to investment options for Principal^® variable annuities are effective June 1, 2026:

Name changes effective June 1

Fund name change	Annuity product(s)
Formerly MFS^® International Intrinsic Value Portfolio, now MFS^® International Intrinsic Equity Portfolio	Principal^® Variable Annuity (Flexible Variable Annuity) Principal^® Investment Plus Variable Annuity Principal^® Pivot Series
Formerly Columbia VP Limited Duration Credit Fund, now Columbia VP Select Short Corporate Income Fund	Principal^® Variable Annuity (Flexible Variable Annuity) Principal^® Investment Plus Variable Annuity Principal^® Pivot Series
Formerly Columbia VP Small Cap Value Fund, now Columbia VP Small Cap Value Discovery Fund	Principal^® Pivot Series
Formerly LVIP American Century Disciplined Core Value Fund, now LVIP Avantis Large Cap Value Fund	Principal^® Freedom Variable Annuity Principal^® Freedom Variable Annuity 2 Principal^® Variable Annuity (Flexible Variable Annuity)
Formerly Macquarie VIP Small Cap Value Series, now Nomura VIP Small Cap Value Series	Principal^® Variable Annuity (Flexible Variable Annuity) Principal^® Investment Plus Variable Annuity
Formerly American Funds Insurance Series Global Small Capitalization Fund, now American Funds Insurance Series SMALLCAP World Fund	Principal^® Variable Annuity (Flexible Variable Annuity) Principal^® Investment Plus Variable Annuity Principal^® Pivot Series
Formerly American Funds Insurance Series Managed Risk International Fund, now American Funds Insurance Series Managed Risk EUPAC Fund	Principal^® Pivot Series
Formerly TOPS^® Growth ETF Portfolio, now TOPS^® Moderately Aggressive ETF Portfolio	Principal^® Variable Annuity (Flexible Variable Annuity) Principal^® Investment Plus Variable Annuity Principal^® Pivot Series
Formerly TOPS^® Moderate Growth ETF Portfolio, now TOPS^® Moderate ETF Portfolio	Principal^® Variable Annuity (Flexible Variable Annuity) Principal^® Investment Plus Variable Annuity Principal^® Pivot Series
Formerly TOPS^® Aggressive Growth ETF Portfolio, now TOPS^® Aggressive ETF Portfolio	Principal^® Variable Annuity (Flexible Variable Annuity) Principal^® Investment Plus Variable Annuity Principal^® Pivot Series

Questions? Connect with your Principal Annuities team: 866-309-1623.

For financial professional/institutional use only.

Not all products may be available with all broker dealers or in all states.

Before investing in a variable annuity, investors should carefully consider its investment objectives, risks, charges and expenses, as well as the underlying investment options it offers. This and other information in the free prospectus, and if available, the summary prospectus, which can be obtained from your local representative or online at principal.com. Please read the prospectus and, if available the summary prospectus carefully before investing.

Investing involves risk, including possible loss of principal.

Investment and Insurance products are:

Not Insured by the FDIC or Any Federal Government Agency

Not a Deposit or Other Obligation of, or Guaranteed by Credit Union or Bank

Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested

Annuity products and services are offered through Principal Life Insurance Company^®. Securities offered through Principal Securities, Inc., member SIPC, and/or independent broker/dealers. Referenced companies are members of the Principal Financial Group^®, Des Moines, Iowa 50392, principal.com.

Principal^®, Principal Financial Group^®, Principal Asset Management^SM, and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States and are trademarks and service marks of Principal Financial Services, Inc., in various countries around the world.