Schedule
of
Investments
Blue
Chip
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
1
INVESTMENT
COMPANIES
-
0
.07
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
0
.07
%
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(b)
4,988
$
5
TOTAL
INVESTMENT
COMPANIES
$
5
COMMON
STOCKS
-
99
.81
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
5
.00
%
TransDigm
Group
Inc
715
$
375
Chemicals
-
2
.30
%
Linde
PLC
427
115
Sherwin-Williams
Co/The
276
57
$
172
Commercial
Services
-
8
.55
%
CoStar
Group
Inc
(c)
3,106
216
Moody's
Corp
1,049
255
S&P
Global
Inc
556
170
$
641
Distribution
&
Wholesale
-
1
.50
%
Copart
Inc
(c)
1,055
112
Diversified
Financial
Services
-
12
.09
%
Brookfield
Asset
Management
Reinsurance
Partners
Ltd
(c)
86
3
Charles
Schwab
Corp/The
2,140
154
Mastercard
Inc
1,315
374
Visa
Inc
2,111
375
$
906
Healthcare
-
Products
-
5
.87
%
Danaher
Corp
1,225
316
IDEXX
Laboratories
Inc
(c)
239
78
Intuitive
Surgical
Inc
(c)
244
46
$
440
Insurance
-
3
.32
%
Progressive
Corp/The
2,138
249
Internet
-
17
.56
%
Alphabet
Inc
-
A
Shares
(c)
892
85
Alphabet
Inc
-
C
Shares
(c)
4,188
403
Amazon.com
Inc
(c)
5,535
625
Meta
Platforms
Inc
(c)
308
42
Netflix
Inc
(c)
683
161
$
1,316
Lodging
-
2
.26
%
Hilton
Worldwide
Holdings
Inc
1,399
169
Pharmaceuticals
-
1
.78
%
Zoetis
Inc
893
133
Private
Equity
-
6
.37
%
Brookfield
Asset
Management
Inc
8,888
363
KKR
&
Co
Inc
2,644
114
$
477
REITs
-
5
.10
%
American
Tower
Corp
1,644
353
SBA
Communications
Corp
102
29
$
382
Retail
-
3
.80
%
CarMax
Inc
(c)
897
59
Costco
Wholesale
Corp
169
80
O'Reilly
Automotive
Inc
(c)
208
146
$
285
Semiconductors
-
0
.29
%
NVIDIA
Corp
184
22
Software
-
20
.79
%
Adobe
Inc
(c)
1,027
283
Intuit
Inc
701
272
Microsoft
Corp
3,229
752
Roper
Technologies
Inc
485
174
Salesforce
Inc
(c)
509
73
Snowflake
Inc
-
Class
A
(c)
25
4
$
1,558
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Transportation
-
3
.23
%
Union
Pacific
Corp
1,241
$
242
TOTAL
COMMON
STOCKS
$
7,479
Total
Investments
$
7,484
Other
Assets
and
Liabilities
- 0.12%
9
TOTAL
NET
ASSETS
-
100.00%
$
7,493
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Current
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
Portfolio
Summary (unaudited)
Sector
Percent
Financial
26
.88
%
Technology
21
.08
%
Communications
17
.56
%
Consumer,
Non-cyclical
16
.20
%
Industrial
8
.23
%
Consumer,
Cyclical
7
.56
%
Basic
Materials
2
.30
%
Money
Market
Funds
0
.07
%
Other
Assets
and
Liabilities
0
.12
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Blue
Chip
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
2
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
30
$
4,976
$
5,001
$
5
$
30
$
4,976
$
5,001
$
5
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
1
$
—
$
—
$
—
$
1
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
3
INVESTMENT
COMPANIES
-
5
.62
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
5
.62
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
2.77%
(a),(b)
2,742,379
$
2,743
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(b),(c)
123,447,262
123,447
$
126,190
TOTAL
INVESTMENT
COMPANIES
$
126,190
BONDS
-
29
.96
%
Principal
Amount
(000's)
Value
(000's)
Advertising
-
0
.03
%
Interpublic
Group
of
Cos
Inc/The
2.40%,
03/01/2031
$
190
$
144
5.40%,
10/01/2048
300
262
Omnicom
Group
Inc
2.45%,
04/30/2030
160
128
2.60%,
08/01/2031
295
232
$
766
Aerospace
&
Defense
-
0
.44
%
Boeing
Co/The
1.43%,
02/04/2024
435
413
2.75%,
02/01/2026
175
158
2.95%,
02/01/2030
170
137
3.25%,
02/01/2028
325
284
3.25%,
02/01/2035
170
120
3.63%,
02/01/2031
175
145
3.75%,
02/01/2050
235
153
3.95%,
08/01/2059
315
196
4.88%,
05/01/2025
620
605
5.04%,
05/01/2027
310
299
5.15%,
05/01/2030
310
287
5.71%,
05/01/2040
310
271
5.81%,
05/01/2050
505
439
5.88%,
02/15/2040
154
133
General
Dynamics
Corp
1.15%,
06/01/2026
195
171
2.25%,
06/01/2031
195
159
3.25%,
04/01/2025
80
77
3.50%,
04/01/2027
160
151
3.75%,
05/15/2028
300
283
4.25%,
04/01/2040
160
140
L3Harris
Technologies
Inc
1.80%,
01/15/2031
90
67
2.90%,
12/15/2029
60
51
3.83%,
04/27/2025
500
482
Lockheed
Martin
Corp
1.85%,
06/15/2030
55
45
3.55%,
01/15/2026
120
116
3.80%,
03/01/2045
375
298
3.90%,
06/15/2032
100
93
4.07%,
12/15/2042
47
40
4.09%,
09/15/2052
389
323
4.15%,
06/15/2053
100
84
4.70%,
05/15/2046
25
23
Northrop
Grumman
Corp
3.20%,
02/01/2027
500
461
3.85%,
04/15/2045
500
381
4.03%,
10/15/2047
300
238
Raytheon
Technologies
Corp
1.90%,
09/01/2031
170
130
2.25%,
07/01/2030
160
129
2.38%,
03/15/2032
195
153
2.82%,
09/01/2051
175
110
3.03%,
03/15/2052
195
127
3.50%,
03/15/2027
250
234
3.75%,
11/01/2046
30
23
4.05%,
05/04/2047
300
238
4.13%,
11/16/2028
435
406
4.15%,
05/15/2045
40
32
4.35%,
04/15/2047
40
33
4.50%,
06/01/2042
375
321
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Aerospace
&
Defense
(continued)
Raytheon
Technologies
Corp
(continued)
4.63%,
11/16/2048
$
210
$
181
4.88%,
10/15/2040
154
139
Teledyne
Technologies
Inc
0.95%,
04/01/2024
190
177
2.25%,
04/01/2028
190
158
$
9,914
Agriculture
-
0
.29
%
Altria
Group
Inc
2.35%,
05/06/2025
160
148
2.45%,
02/04/2032
190
134
3.40%,
05/06/2030
325
263
3.70%,
02/04/2051
190
115
3.88%,
09/16/2046
60
38
4.00%,
02/04/2061
190
116
4.80%,
02/14/2029
63
58
5.80%,
02/14/2039
380
332
Archer-Daniels-Midland
Co
2.50%,
08/11/2026
850
783
2.70%,
09/15/2051
195
128
2.90%,
03/01/2032
390
329
BAT
Capital
Corp
2.26%,
03/25/2028
170
135
2.73%,
03/25/2031
170
127
2.79%,
09/06/2024
245
233
3.46%,
09/06/2029
245
199
3.56%,
08/15/2027
800
703
3.98%,
09/25/2050
170
104
4.54%,
08/15/2047
325
215
BAT
International
Finance
PLC
1.67%,
03/25/2026
170
147
Bunge
Ltd
Finance
Corp
2.75%,
05/14/2031
195
153
Philip
Morris
International
Inc
0.88%,
05/01/2026
175
150
1.75%,
11/01/2030
175
128
2.75%,
02/25/2026
310
286
3.25%,
11/10/2024
30
29
3.38%,
08/11/2025
375
359
4.13%,
03/04/2043
300
209
4.25%,
11/10/2044
30
21
4.38%,
11/15/2041
61
44
4.50%,
03/20/2042
400
293
4.88%,
11/15/2043
35
27
Reynolds
American
Inc
4.45%,
06/12/2025
250
242
5.70%,
08/15/2035
25
21
5.85%,
08/15/2045
415
326
$
6,595
Airlines
-
0
.05
%
American
Airlines
2019-1
Class
AA
Pass
Through
Trust
3.15%,
08/15/2033
147
123
Delta
Air
Lines
2020-1
Class
AA
Pass
Through
Trust
2.00%,
06/10/2028
282
239
Southwest
Airlines
Co
5.25%,
05/04/2025
480
479
United
Airlines
2014-2
Class
A
Pass
Through
Trust
3.75%,
03/03/2028
122
110
United
Airlines
2019-2
Class
AA
Pass
Through
Trust
2.70%,
11/01/2033
73
58
$
1,009
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
4
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Apparel
-
0
.04
%
NIKE
Inc
2.40%,
03/27/2025
$
160
$
152
2.75%,
03/27/2027
160
147
3.25%,
03/27/2040
160
123
3.38%,
11/01/2046
350
263
3.63%,
05/01/2043
200
156
$
841
Automobile
Manufacturers
-
0
.43
%
American
Honda
Finance
Corp
0.55%,
07/12/2024
190
176
1.20%,
07/08/2025
165
149
1.30%,
09/09/2026
195
170
2.15%,
09/10/2024
445
423
2.25%,
01/12/2029
200
168
General
Motors
Co
4.88%,
10/02/2023
675
672
5.00%,
10/01/2028
400
368
5.00%,
04/01/2035
200
164
5.40%,
04/01/2048
360
281
6.75%,
04/01/2046
25
23
General
Motors
Financial
Co
Inc
1.05%,
03/08/2024
190
178
1.20%,
10/15/2024
175
161
1.25%,
01/08/2026
190
163
1.50%,
06/10/2026
190
162
2.35%,
02/26/2027
730
619
2.35%,
01/08/2031
190
138
2.40%,
04/10/2028
190
152
2.40%,
10/15/2028
175
138
2.70%,
06/10/2031
190
140
3.80%,
04/07/2025
200
191
4.30%,
07/13/2025
325
311
4.35%,
01/17/2027
305
283
5.10%,
01/17/2024
500
498
Honda
Motor
Co
Ltd
2.53%,
03/10/2027
390
353
Mercedes-Benz
Finance
North
America
LLC
8.50%,
01/18/2031
127
151
PACCAR
Financial
Corp
0.35%,
02/02/2024
190
180
1.80%,
02/06/2025
170
159
3.55%,
08/11/2025
175
170
Toyota
Motor
Corp
1.34%,
03/25/2026
385
342
3.67%,
07/20/2028
200
187
Toyota
Motor
Credit
Corp
0.45%,
01/11/2024
190
180
0.50%,
06/18/2024
190
177
0.80%,
10/16/2025
210
186
1.15%,
08/13/2027
165
138
1.65%,
01/10/2031
190
146
1.80%,
02/13/2025
160
149
1.90%,
01/13/2027
200
176
1.90%,
09/12/2031
195
151
2.00%,
10/07/2024
165
157
3.35%,
01/08/2024
400
394
3.65%,
08/18/2025
115
111
4.40%,
09/20/2024
165
164
4.45%,
06/29/2029
155
150
4.55%,
09/20/2027
95
93
$
9,642
Automobile
Parts
&
Equipment
-
0
.03
%
Aptiv
PLC
/
Aptiv
Corp
3.25%,
03/01/2032
175
139
BorgWarner
Inc
3.38%,
03/15/2025
500
479
$
618
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
-
5
.64
%
Banco
Santander
SA
1.85%,
03/25/2026
$
400
$
345
2.75%,
05/28/2025
200
183
2.75%,
12/03/2030
400
283
3.22%,
11/22/2032
(d)
200
140
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.60%
3.49%,
05/28/2030
200
160
5.29%,
08/18/2027
200
188
Bank
of
America
Corp
0.81%,
10/24/2024
(d)
340
323
Secured
Overnight
Financing
Rate
+
0.74%
0.98%,
04/22/2025
(d)
380
353
Secured
Overnight
Financing
Rate
+
0.69%
0.98%,
09/25/2025
(d)
170
155
Secured
Overnight
Financing
Rate
+
0.91%
1.32%,
06/19/2026
(d)
320
284
Secured
Overnight
Financing
Rate
+
1.15%
1.66%,
03/11/2027
(d)
365
316
Secured
Overnight
Financing
Rate
+
0.91%
1.73%,
07/22/2027
(d)
380
326
Secured
Overnight
Financing
Rate
+
0.96%
1.90%,
07/23/2031
(d)
750
558
Secured
Overnight
Financing
Rate
+
1.53%
1.92%,
10/24/2031
(d)
340
252
Secured
Overnight
Financing
Rate
+
1.37%
2.09%,
06/14/2029
(d)
190
154
Secured
Overnight
Financing
Rate
+
1.06%
2.30%,
07/21/2032
(d)
380
284
Secured
Overnight
Financing
Rate
+
1.22%
2.46%,
10/22/2025
(d)
310
290
3
Month
USD
LIBOR
+
0.87%
2.48%,
09/21/2036
(d)
385
278
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.20%
2.50%,
02/13/2031
(d)
320
253
3
Month
USD
LIBOR
+
0.99%
2.55%,
02/04/2028
(d)
390
339
Secured
Overnight
Financing
Rate
+
1.05%
2.57%,
10/20/2032
(d)
355
272
Secured
Overnight
Financing
Rate
+
1.21%
2.65%,
03/11/2032
(d)
570
443
Secured
Overnight
Financing
Rate
+
1.22%
2.68%,
06/19/2041
(d)
670
433
Secured
Overnight
Financing
Rate
+
1.93%
2.83%,
10/24/2051
(d)
880
524
Secured
Overnight
Financing
Rate
+
1.88%
2.97%,
02/04/2033
(d)
390
305
Secured
Overnight
Financing
Rate
+
1.33%
2.97%,
07/21/2052
(d)
380
233
Secured
Overnight
Financing
Rate
+
1.56%
3.19%,
07/23/2030
(d)
335
282
3
Month
USD
LIBOR
+
1.18%
3.25%,
10/21/2027
40
36
3.31%,
04/22/2042
(d)
380
267
Secured
Overnight
Financing
Rate
+
1.58%
3.38%,
04/02/2026
(d)
195
184
Secured
Overnight
Financing
Rate
+
1.33%
3.42%,
12/20/2028
(d)
1,041
924
3
Month
USD
LIBOR
+
1.04%
3.48%,
03/13/2052
(d)
190
128
Secured
Overnight
Financing
Rate
+
1.65%
3.50%,
04/19/2026
345
324
3.59%,
07/21/2028
(d)
500
452
3
Month
USD
LIBOR
+
1.37%
3.82%,
01/20/2028
(d)
400
368
3
Month
USD
LIBOR
+
1.58%
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
5
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Bank
of
America
Corp
(continued)
3.88%,
08/01/2025
$
30
$
29
3.95%,
04/21/2025
480
463
3.97%,
02/07/2030
(d)
1,000
890
3
Month
USD
LIBOR
+
1.21%
4.18%,
11/25/2027
560
519
4.20%,
08/26/2024
625
615
4.27%,
07/23/2029
(d)
360
328
3
Month
USD
LIBOR
+
1.31%
4.33%,
03/15/2050
(d)
310
244
3
Month
USD
LIBOR
+
1.52%
4.38%,
04/27/2028
(d)
470
440
Secured
Overnight
Financing
Rate
+
1.58%
4.44%,
01/20/2048
(d)
30
24
3
Month
USD
LIBOR
+
1.99%
4.57%,
04/27/2033
(d)
590
528
Secured
Overnight
Financing
Rate
+
1.83%
4.83%,
07/22/2026
(d)
340
332
Secured
Overnight
Financing
Rate
+
1.75%
5.00%,
01/21/2044
25
22
5.02%,
07/22/2033
(d)
340
315
Secured
Overnight
Financing
Rate
+
2.16%
5.88%,
02/07/2042
228
222
7.75%,
05/14/2038
250
277
Bank
of
America
NA
6.00%,
10/15/2036
250
246
Bank
of
Montreal
0.45%,
12/08/2023
320
304
0.95%,
01/22/2027
(d)
190
164
Secured
Overnight
Financing
Rate
+
0.60%
1.85%,
05/01/2025
150
138
3.09%,
01/10/2037
(d)
400
298
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.40%
3.30%,
02/05/2024
400
391
3.70%,
06/07/2025
175
168
4.25%,
09/14/2024
105
103
4.70%,
09/14/2027
105
101
Bank
of
New
York
Mellon
Corp/The
0.35%,
12/07/2023
150
143
0.50%,
04/26/2024
170
160
0.75%,
01/28/2026
185
162
1.60%,
04/24/2025
140
129
1.65%,
07/14/2028
150
124
2.05%,
01/26/2027
200
177
2.10%,
10/24/2024
375
355
2.50%,
01/26/2032
200
158
3.35%,
04/25/2025
195
188
3.99%,
06/13/2028
(d)
175
164
Secured
Overnight
Financing
Rate
+
1.15%
4.41%,
07/24/2026
(d)
170
166
Secured
Overnight
Financing
Rate
+
1.35%
Bank
of
Nova
Scotia/The
1.05%,
03/02/2026
190
166
1.30%,
06/11/2025
160
144
1.30%,
09/15/2026
195
167
1.45%,
01/10/2025
175
161
2.15%,
08/01/2031
190
143
2.70%,
08/03/2026
170
155
3.40%,
02/11/2024
400
392
4.50%,
12/16/2025
500
483
Barclays
PLC
1.01%,
12/10/2024
(d)
200
188
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.80%
2.28%,
11/24/2027
(d)
420
352
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.05%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Barclays
PLC
(continued)
2.65%,
06/24/2031
(d)
$
320
$
239
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.90%
2.67%,
03/10/2032
(d)
200
146
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.20%
3.56%,
09/23/2035
(d)
200
147
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.90%
3.81%,
03/10/2042
(d)
200
125
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.70%
4.34%,
01/10/2028
1,030
918
4.38%,
01/12/2026
200
189
4.97%,
05/16/2029
(d)
210
189
3
Month
USD
LIBOR
+
1.90%
5.50%,
08/09/2028
(d)
335
314
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.65%
BNP
Paribas
SA
4.25%,
10/15/2024
750
732
BPCE
SA
4.00%,
04/15/2024
250
246
Canadian
Imperial
Bank
of
Commerce
0.50%,
12/14/2023
185
176
1.25%,
06/22/2026
190
164
3.30%,
04/07/2025
375
358
Citigroup
Inc
0.78%,
10/30/2024
(d)
655
622
Secured
Overnight
Financing
Rate
+
0.69%
0.98%,
05/01/2025
(d)
485
449
Secured
Overnight
Financing
Rate
+
0.67%
1.12%,
01/28/2027
(d)
185
158
Secured
Overnight
Financing
Rate
+
0.77%
1.28%,
11/03/2025
(d)
145
132
Secured
Overnight
Financing
Rate
+
0.53%
1.46%,
06/09/2027
(d)
370
315
Secured
Overnight
Financing
Rate
+
0.77%
2.01%,
01/25/2026
(d)
185
170
Secured
Overnight
Financing
Rate
+
0.69%
2.52%,
11/03/2032
(d)
175
133
Secured
Overnight
Financing
Rate
+
1.18%
2.56%,
05/01/2032
(d)
520
399
Secured
Overnight
Financing
Rate
+
1.17%
2.57%,
06/03/2031
(d)
320
252
Secured
Overnight
Financing
Rate
+
2.11%
2.67%,
01/29/2031
(d)
315
251
Secured
Overnight
Financing
Rate
+
1.15%
2.90%,
11/03/2042
(d)
195
124
Secured
Overnight
Financing
Rate
+
1.38%
2.98%,
11/05/2030
(d)
155
127
Secured
Overnight
Financing
Rate
+
1.42%
3.06%,
01/25/2033
(d)
185
146
Secured
Overnight
Financing
Rate
+
1.35%
3.20%,
10/21/2026
770
705
3.67%,
07/24/2028
(d)
650
585
3
Month
USD
LIBOR
+
1.39%
3.75%,
06/16/2024
500
492
3.79%,
03/17/2033
(d)
395
331
Secured
Overnight
Financing
Rate
+
1.94%
3.89%,
01/10/2028
(d)
400
368
3
Month
USD
LIBOR
+
1.56%
4.07%,
04/23/2029
(d)
240
217
3
Month
USD
LIBOR
+
1.19%
4.28%,
04/24/2048
(d)
330
257
3
Month
USD
LIBOR
+
1.84%
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
6
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Citigroup
Inc
(continued)
4.30%,
11/20/2026
$
525
$
497
4.40%,
06/10/2025
780
758
4.45%,
09/29/2027
20
19
4.60%,
03/09/2026
60
59
4.65%,
07/30/2045
222
179
4.66%,
05/24/2028
(d),(e)
365
347
Secured
Overnight
Financing
Rate
+
1.89%
4.91%,
05/24/2033
(d)
230
212
Secured
Overnight
Financing
Rate
+
2.09%
5.30%,
05/06/2044
25
22
5.50%,
09/13/2025
325
325
5.61%,
09/29/2026
(d)
395
393
Secured
Overnight
Financing
Rate
+
1.55%
5.88%,
01/30/2042
328
314
6.63%,
06/15/2032
112
113
6.68%,
09/13/2043
30
31
8.13%,
07/15/2039
132
156
Cooperatieve
Rabobank
UA
5.25%,
05/24/2041
500
493
5.25%,
08/04/2045
250
212
5.75%,
12/01/2043
250
228
Cooperatieve
Rabobank
UA/NY
0.38%,
01/12/2024
250
236
3.88%,
08/22/2024
250
245
Credit
Suisse
AG/New
York
NY
0.50%,
02/02/2024
305
284
1.25%,
08/07/2026
250
206
3.63%,
09/09/2024
400
382
5.00%,
07/09/2027
275
254
Credit
Suisse
Group
AG
3.75%,
03/26/2025
250
233
4.88%,
05/15/2045
250
177
Deutsche
Bank
AG/New
York
NY
0.90%,
05/28/2024
150
139
1.69%,
03/19/2026
500
435
2.13%,
11/24/2026
(d)
200
170
Secured
Overnight
Financing
Rate
+
1.87%
2.22%,
09/18/2024
(d)
170
162
Secured
Overnight
Financing
Rate
+
2.16%
4.10%,
01/13/2026
500
473
5.37%,
09/09/2027
325
314
Discover
Bank
2.45%,
09/12/2024
320
303
2.70%,
02/06/2030
250
196
Fifth
Third
Bancorp
2.38%,
01/28/2025
85
79
4.06%,
04/25/2028
(d)
150
141
Secured
Overnight
Financing
Rate
+
1.36%
4.30%,
01/16/2024
30
30
Fifth
Third
Bank
NA
3.85%,
03/15/2026
700
661
Goldman
Sachs
Group
Inc/The
0.86%,
02/12/2026
(d)
155
138
Secured
Overnight
Financing
Rate
+
0.61%
0.93%,
10/21/2024
(d)
385
365
Secured
Overnight
Financing
Rate
+
0.49%
1.09%,
12/09/2026
(d)
315
272
Secured
Overnight
Financing
Rate
+
0.79%
1.43%,
03/09/2027
(d)
385
331
Secured
Overnight
Financing
Rate
+
0.80%
1.54%,
09/10/2027
(d)
190
161
Secured
Overnight
Financing
Rate
+
0.82%
1.95%,
10/21/2027
(d)
400
342
Secured
Overnight
Financing
Rate
+
0.91%
1.99%,
01/27/2032
(d)
475
351
Secured
Overnight
Financing
Rate
+
1.09%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Goldman
Sachs
Group
Inc/The
(continued)
2.38%,
07/21/2032
(d)
$
285
$
215
Secured
Overnight
Financing
Rate
+
1.25%
2.60%,
02/07/2030
840
677
2.62%,
04/22/2032
(d)
380
295
Secured
Overnight
Financing
Rate
+
1.28%
2.64%,
02/24/2028
(d)
300
260
Secured
Overnight
Financing
Rate
+
1.11%
2.65%,
10/21/2032
(d)
195
149
Secured
Overnight
Financing
Rate
+
1.26%
2.91%,
07/21/2042
(d)
385
248
Secured
Overnight
Financing
Rate
+
1.47%
3.10%,
02/24/2033
(d)
380
302
Secured
Overnight
Financing
Rate
+
1.41%
3.21%,
04/22/2042
(d)
190
129
Secured
Overnight
Financing
Rate
+
1.51%
3.44%,
02/24/2043
(d)
385
267
Secured
Overnight
Financing
Rate
+
1.63%
3.63%,
02/20/2024
550
540
3.81%,
04/23/2029
(d)
1,050
931
3
Month
USD
LIBOR
+
1.16%
3.85%,
01/26/2027
60
56
4.22%,
05/01/2029
(d)
415
377
3
Month
USD
LIBOR
+
1.30%
4.25%,
10/21/2025
680
656
4.41%,
04/23/2039
(d)
180
149
3
Month
USD
LIBOR
+
1.43%
4.48%,
08/23/2028
(d)
280
263
Secured
Overnight
Financing
Rate
+
1.73%
4.80%,
07/08/2044
25
21
5.15%,
05/22/2045
310
259
6.75%,
10/01/2037
530
528
HSBC
Holdings
PLC
0.98%,
05/24/2025
(d)
400
368
Secured
Overnight
Financing
Rate
+
0.71%
1.16%,
11/22/2024
(d)
400
378
Secured
Overnight
Financing
Rate
+
0.58%
1.59%,
05/24/2027
(d)
400
334
Secured
Overnight
Financing
Rate
+
1.29%
1.65%,
04/18/2026
(d)
250
222
Secured
Overnight
Financing
Rate
+
1.54%
2.01%,
09/22/2028
(d)
335
268
Secured
Overnight
Financing
Rate
+
1.73%
2.10%,
06/04/2026
(d)
320
287
Secured
Overnight
Financing
Rate
+
1.93%
2.36%,
08/18/2031
(d)
200
147
Secured
Overnight
Financing
Rate
+
1.95%
2.63%,
11/07/2025
(d)
230
214
Secured
Overnight
Financing
Rate
+
1.40%
2.80%,
05/24/2032
(d)
200
147
Secured
Overnight
Financing
Rate
+
1.19%
2.85%,
06/04/2031
(d)
200
153
Secured
Overnight
Financing
Rate
+
2.39%
2.87%,
11/22/2032
(d)
400
291
Secured
Overnight
Financing
Rate
+
1.41%
3.97%,
05/22/2030
(d)
400
339
3
Month
USD
LIBOR
+
1.61%
4.04%,
03/13/2028
(d)
500
451
3
Month
USD
LIBOR
+
1.55%
4.18%,
12/09/2025
(d)
340
325
Secured
Overnight
Financing
Rate
+
1.51%
4.25%,
03/14/2024
500
489
4.29%,
09/12/2026
(d)
500
472
3
Month
USD
LIBOR
+
1.35%
4.58%,
06/19/2029
(d)
365
325
3
Month
USD
LIBOR
+
1.53%
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
7
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
HSBC
Holdings
PLC
(continued)
4.76%,
06/09/2028
(d)
$
200
$
184
Secured
Overnight
Financing
Rate
+
2.11%
4.95%,
03/31/2030
200
184
5.25%,
03/14/2044
300
243
5.40%,
08/11/2033
(d)
335
298
Secured
Overnight
Financing
Rate
+
2.87%
6.10%,
01/14/2042
174
167
6.50%,
05/02/2036
420
397
Huntington
Bancshares
Inc/OH
2.55%,
02/04/2030
110
89
Huntington
National
Bank/The
3.55%,
10/06/2023
400
396
ING
Groep
NV
1.73%,
04/01/2027
(d)
200
171
Secured
Overnight
Financing
Rate
+
1.01%
2.73%,
04/01/2032
(d),(e)
200
152
Secured
Overnight
Financing
Rate
+
1.32%
3.55%,
04/09/2024
400
390
JPMorgan
Chase
&
Co
0.56%,
02/16/2025
(d)
190
178
Secured
Overnight
Financing
Rate
+
0.42%
0.77%,
08/09/2025
(d)
385
353
Secured
Overnight
Financing
Rate
+
0.49%
0.82%,
06/01/2025
(d)
375
347
Secured
Overnight
Financing
Rate
+
0.54%
0.97%,
06/23/2025
(d)
385
356
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.58%
1.04%,
02/04/2027
(d)
380
323
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.70%
1.05%,
11/19/2026
(d)
360
311
Secured
Overnight
Financing
Rate
+
0.80%
1.47%,
09/22/2027
(d)
155
131
Secured
Overnight
Financing
Rate
+
0.77%
1.58%,
04/22/2027
(d)
380
328
Secured
Overnight
Financing
Rate
+
0.89%
1.76%,
11/19/2031
(d)
360
263
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.11%
1.95%,
02/04/2032
(d)
380
281
Secured
Overnight
Financing
Rate
+
1.07%
2.01%,
03/13/2026
(d)
160
147
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.59%
2.07%,
06/01/2029
(d)
295
239
Secured
Overnight
Financing
Rate
+
1.02%
2.08%,
04/22/2026
(d)
460
419
Secured
Overnight
Financing
Rate
+
1.85%
2.18%,
06/01/2028
(d)
265
225
Secured
Overnight
Financing
Rate
+
1.89%
2.30%,
10/15/2025
(d)
280
263
Secured
Overnight
Financing
Rate
+
1.16%
2.52%,
04/22/2031
(d)
380
300
Secured
Overnight
Financing
Rate
+
2.04%
2.53%,
11/19/2041
(d)
180
112
Secured
Overnight
Financing
Rate
+
1.51%
2.55%,
11/08/2032
(d)
390
296
Secured
Overnight
Financing
Rate
+
1.18%
2.58%,
04/22/2032
(d)
380
295
Secured
Overnight
Financing
Rate
+
1.25%
2.74%,
10/15/2030
(d)
260
211
Secured
Overnight
Financing
Rate
+
1.51%
2.96%,
05/13/2031
(d)
350
277
Secured
Overnight
Financing
Rate
+
2.52%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
JPMorgan
Chase
&
Co
(continued)
3.11%,
04/22/2041
(d)
$
380
$
263
Secured
Overnight
Financing
Rate
+
2.46%
3.11%,
04/22/2051
(d)
730
461
Secured
Overnight
Financing
Rate
+
2.44%
3.30%,
04/01/2026
500
469
3.33%,
04/22/2052
(d)
380
251
Secured
Overnight
Financing
Rate
+
1.58%
3.51%,
01/23/2029
(d)
400
354
3
Month
USD
LIBOR
+
0.95%
3.63%,
12/01/2027
25
23
3.88%,
02/01/2024
520
514
3.88%,
09/10/2024
500
489
3.88%,
07/24/2038
(d)
500
391
3
Month
USD
LIBOR
+
1.36%
3.96%,
11/15/2048
(d)
400
300
3
Month
USD
LIBOR
+
1.38%
4.01%,
04/23/2029
(d)
270
243
3
Month
USD
LIBOR
+
1.12%
4.03%,
07/24/2048
(d)
30
23
3
Month
USD
LIBOR
+
1.46%
4.20%,
07/23/2029
(d)
300
273
3
Month
USD
LIBOR
+
1.26%
4.25%,
10/01/2027
10
9
4.32%,
04/26/2028
(d)
585
548
Secured
Overnight
Financing
Rate
+
1.56%
4.57%,
06/14/2030
(d)
535
493
Secured
Overnight
Financing
Rate
+
1.75%
4.59%,
04/26/2033
(d)
390
351
Secured
Overnight
Financing
Rate
+
1.80%
4.85%,
07/25/2028
(d)
170
163
Secured
Overnight
Financing
Rate
+
1.99%
4.85%,
02/01/2044
20
17
4.91%,
07/25/2033
(d)
340
314
Secured
Overnight
Financing
Rate
+
2.08%
4.95%,
06/01/2045
55
46
5.40%,
01/06/2042
102
94
5.60%,
07/15/2041
154
146
5.63%,
08/16/2043
375
343
5.72%,
09/14/2033
(d)
325
307
Secured
Overnight
Financing
Rate
+
2.58%
6.40%,
05/15/2038
200
205
KeyCorp
2.25%,
04/06/2027
410
356
2.55%,
10/01/2029
310
253
3.88%,
05/23/2025
(d)
160
156
Secured
Overnight
Financing
Rate
+
1.25%
Korea
Development
Bank/The
0.40%,
06/19/2024
400
372
0.80%,
04/27/2026
350
305
1.75%,
02/18/2025
500
466
4.00%,
09/08/2025
200
196
Kreditanstalt
fuer
Wiederaufbau
0.00%,
04/18/2036
(f)
380
218
0.00%,
06/29/2037
(f)
200
109
0.25%,
10/19/2023
340
326
0.25%,
03/08/2024
575
543
0.38%,
07/18/2025
580
519
0.50%,
09/20/2024
575
534
0.63%,
01/22/2026
790
700
1.00%,
10/01/2026
290
255
1.25%,
01/31/2025
800
745
2.00%,
05/02/2025
380
358
2.50%,
11/20/2024
800
770
2.88%,
04/03/2028
(e)
275
257
3.00%,
05/20/2027
520
494
3.13%,
06/10/2025
270
262
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
8
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Landwirtschaftliche
Rentenbank
0.88%,
03/30/2026
$
170
$
151
0.88%,
09/03/2030
330
259
2.00%,
01/13/2025
300
285
2.38%,
06/10/2025
600
569
3.88%,
09/28/2027
205
202
Lloyds
Banking
Group
PLC
3.57%,
11/07/2028
(d)
430
377
3
Month
USD
LIBOR
+
1.21%
3.75%,
01/11/2027
515
471
4.45%,
05/08/2025
400
386
4.65%,
03/24/2026
500
470
4.98%,
08/11/2033
(d)
335
293
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.30%
5.30%,
12/01/2045
200
161
Mitsubishi
UFJ
Financial
Group
Inc
0.95%,
07/19/2025
(d)
400
368
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.55%
1.41%,
07/17/2025
200
179
1.54%,
07/20/2027
(d)
400
341
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.75%
1.64%,
10/13/2027
(d)
200
170
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.67%
2.05%,
07/17/2030
250
191
2.19%,
02/25/2025
200
186
2.56%,
02/25/2030
200
161
2.76%,
09/13/2026
200
181
2.80%,
07/18/2024
450
432
3.20%,
07/18/2029
200
169
3.75%,
07/18/2039
550
431
3.85%,
03/01/2026
350
332
4.08%,
04/19/2028
(d)
200
186
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.30%
4.32%,
04/19/2033
(d)
200
175
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.55%
5.13%,
07/20/2033
(d)
200
187
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.13%
5.35%,
09/13/2028
(d)
325
317
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.90%
Mizuho
Financial
Group
Inc
2.20%,
07/10/2031
(d)
200
151
Secured
Overnight
Financing
Rate
+
1.77%
2.23%,
05/25/2026
(d)
200
181
3
Month
USD
LIBOR
+
0.83%
2.26%,
07/09/2032
(d)
200
147
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.90%
2.84%,
07/16/2025
(d)
1,000
946
Secured
Overnight
Financing
Rate
+
1.24%
3.15%,
07/16/2030
(d)
400
332
3
Month
USD
LIBOR
+
1.13%
5.41%,
09/13/2028
(d)
325
318
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.05%
Morgan
Stanley
0.79%,
01/22/2025
(d)
380
356
Secured
Overnight
Financing
Rate
+
0.51%
0.79%,
05/30/2025
(d)
385
354
Secured
Overnight
Financing
Rate
+
0.53%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Morgan
Stanley
(continued)
0.86%,
10/21/2025
(d)
$
95
$
86
Secured
Overnight
Financing
Rate
+
0.75%
0.99%,
12/10/2026
(d)
280
241
Secured
Overnight
Financing
Rate
+
0.72%
1.16%,
10/21/2025
(d)
165
150
Secured
Overnight
Financing
Rate
+
0.56%
1.51%,
07/20/2027
(d)
380
324
Secured
Overnight
Financing
Rate
+
0.86%
1.59%,
05/04/2027
(d)
270
233
Secured
Overnight
Financing
Rate
+
0.88%
1.79%,
02/13/2032
(d)
710
519
Secured
Overnight
Financing
Rate
+
1.03%
1.93%,
04/28/2032
(d)
105
77
Secured
Overnight
Financing
Rate
+
1.02%
2.19%,
04/28/2026
(d)
475
436
Secured
Overnight
Financing
Rate
+
1.99%
2.24%,
07/21/2032
(d)
380
285
Secured
Overnight
Financing
Rate
+
1.18%
2.48%,
01/21/2028
(d)
120
105
Secured
Overnight
Financing
Rate
+
1.00%
2.48%,
09/16/2036
(d)
265
190
Secured
Overnight
Financing
Rate
+
1.36%
2.51%,
10/20/2032
(d)
180
138
Secured
Overnight
Financing
Rate
+
1.20%
2.72%,
07/22/2025
(d)
250
237
Secured
Overnight
Financing
Rate
+
1.15%
2.80%,
01/25/2052
(d)
240
145
Secured
Overnight
Financing
Rate
+
1.43%
2.94%,
01/21/2033
(d)
280
221
Secured
Overnight
Financing
Rate
+
1.29%
3.13%,
07/27/2026
680
626
3.22%,
04/22/2042
(d)
190
132
Secured
Overnight
Financing
Rate
+
1.49%
3.59%,
07/22/2028
(d)
30
27
3
Month
USD
LIBOR
+
1.34%
3.62%,
04/17/2025
(d)
390
379
Secured
Overnight
Financing
Rate
+
1.16%
3.63%,
01/20/2027
530
493
3.70%,
10/23/2024
25
24
3.77%,
01/24/2029
(d)
360
324
3
Month
USD
LIBOR
+
1.14%
3.88%,
04/29/2024
30
29
3.95%,
04/23/2027
50
47
3.97%,
07/22/2038
(d)
15
12
3
Month
USD
LIBOR
+
1.46%
4.00%,
07/23/2025
30
29
4.21%,
04/20/2028
(d)
390
365
Secured
Overnight
Financing
Rate
+
1.61%
4.30%,
01/27/2045
50
40
4.35%,
09/08/2026
30
29
4.38%,
01/22/2047
30
24
4.68%,
07/17/2026
(d)
170
166
Secured
Overnight
Financing
Rate
+
1.67%
4.89%,
07/20/2033
(d)
225
209
Secured
Overnight
Financing
Rate
+
2.08%
5.00%,
11/24/2025
525
518
5.60%,
03/24/2051
(d)
500
479
Secured
Overnight
Financing
Rate
+
4.84%
6.38%,
07/24/2042
620
643
NatWest
Group
PLC
1.64%,
06/14/2027
(d)
265
223
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.90%
4.80%,
04/05/2026
500
479
4.89%,
05/18/2029
(d)
400
364
3
Month
USD
LIBOR
+
1.75%
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
9
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
NatWest
Group
PLC
(continued)
5.08%,
01/27/2030
(d)
$
400
$
364
3
Month
USD
LIBOR
+
1.91%
Northern
Trust
Corp
3.95%,
10/30/2025
500
488
4.00%,
05/10/2027
130
125
Oesterreichische
Kontrollbank
AG
0.38%,
09/17/2025
340
302
2.88%,
05/23/2025
180
173
3.63%,
09/09/2027
125
122
PNC
Bank
NA
2.70%,
10/22/2029
250
206
PNC
Financial
Services
Group
Inc/The
2.20%,
11/01/2024
130
124
2.31%,
04/23/2032
(d)
150
118
Secured
Overnight
Financing
Rate
+
0.98%
2.55%,
01/22/2030
160
132
2.60%,
07/23/2026
490
447
3.45%,
04/23/2029
300
268
4.63%,
06/06/2033
(d)
105
94
Secured
Overnight
Financing
Rate
+
1.85%
Royal
Bank
of
Canada
0.43%,
01/19/2024
380
360
0.50%,
10/26/2023
170
163
1.15%,
07/14/2026
190
164
1.20%,
04/27/2026
175
152
1.60%,
01/21/2025
700
648
2.25%,
11/01/2024
310
293
2.55%,
07/16/2024
125
120
3.63%,
05/04/2027
115
107
3.88%,
05/04/2032
225
198
Santander
Holdings
USA
Inc
2.49%,
01/06/2028
(d)
270
225
Secured
Overnight
Financing
Rate
+
1.25%
4.50%,
07/17/2025
780
746
Santander
UK
Group
Holdings
PLC
1.09%,
03/15/2025
(d)
200
185
Secured
Overnight
Financing
Rate
+
0.79%
1.53%,
08/21/2026
(d)
200
173
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.25%
1.67%,
06/14/2027
(d)
200
166
Secured
Overnight
Financing
Rate
+
0.99%
2.47%,
01/11/2028
(d)
200
166
Secured
Overnight
Financing
Rate
+
1.22%
State
Street
Corp
2.20%,
02/07/2028
(d)
145
127
Secured
Overnight
Financing
Rate
+
0.73%
2.20%,
03/03/2031
140
109
2.35%,
11/01/2025
(d)
250
236
Secured
Overnight
Financing
Rate
+
0.94%
2.40%,
01/24/2030
160
133
2.65%,
05/19/2026
60
56
3.55%,
08/18/2025
225
217
3.70%,
11/20/2023
10
10
4.42%,
05/13/2033
(d)
365
337
Secured
Overnight
Financing
Rate
+
1.61%
Sumitomo
Mitsui
Financial
Group
Inc
0.51%,
01/12/2024
200
188
1.47%,
07/08/2025
300
270
1.90%,
09/17/2028
400
322
2.13%,
07/08/2030
530
406
2.14%,
09/23/2030
170
127
2.30%,
01/12/2041
200
122
2.35%,
01/15/2025
200
187
2.70%,
07/16/2024
420
401
2.75%,
01/15/2030
200
162
2.93%,
09/17/2041
195
129
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Sumitomo
Mitsui
Financial
Group
Inc
(continued)
3.04%,
07/16/2029
$
200
$
168
3.36%,
07/12/2027
450
409
3.45%,
01/11/2027
140
128
3.78%,
03/09/2026
500
475
Toronto-Dominion
Bank/The
0.70%,
09/10/2024
(e)
195
180
1.15%,
06/12/2025
330
297
1.20%,
06/03/2026
190
165
1.95%,
01/12/2027
400
348
2.00%,
09/10/2031
195
146
2.35%,
03/08/2024
195
188
3.20%,
03/10/2032
195
160
3.77%,
06/06/2025
70
68
4.11%,
06/08/2027
70
66
4.29%,
09/13/2024
295
291
4.46%,
06/08/2032
175
160
4.69%,
09/15/2027
565
546
Truist
Bank
1.50%,
03/10/2025
250
230
3.63%,
09/16/2025
250
238
Truist
Financial
Corp
1.13%,
08/03/2027
(e)
215
176
1.20%,
08/05/2025
365
328
1.27%,
03/02/2027
(d)
60
52
Secured
Overnight
Financing
Rate
+
0.61%
1.89%,
06/07/2029
(d)
175
143
Secured
Overnight
Financing
Rate
+
0.86%
1.95%,
06/05/2030
(e)
290
227
2.50%,
08/01/2024
350
335
4.12%,
06/06/2028
(d)
135
127
Secured
Overnight
Financing
Rate
+
1.37%
US
Bancorp
1.38%,
07/22/2030
415
312
2.22%,
01/27/2028
(d)
155
137
Secured
Overnight
Financing
Rate
+
0.73%
2.40%,
07/30/2024
190
182
2.49%,
11/03/2036
(d)
175
132
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
0.95%
3.00%,
07/30/2029
950
817
3.15%,
04/27/2027
25
23
US
Bank
NA/Cincinnati
OH
2.05%,
01/21/2025
300
282
Wells
Fargo
&
Co
0.81%,
05/19/2025
(d)
110
102
Secured
Overnight
Financing
Rate
+
0.51%
2.16%,
02/11/2026
(d)
645
594
3
Month
USD
LIBOR
+
0.75%
2.19%,
04/30/2026
(d)
525
480
Secured
Overnight
Financing
Rate
+
2.00%
2.39%,
06/02/2028
(d)
475
407
Secured
Overnight
Financing
Rate
+
2.10%
2.41%,
10/30/2025
(d)
970
906
Secured
Overnight
Financing
Rate
+
1.09%
3.00%,
04/22/2026
500
458
3.00%,
10/23/2026
530
480
3.07%,
04/30/2041
(d)
480
329
Secured
Overnight
Financing
Rate
+
2.53%
3.35%,
03/02/2033
(d)
465
377
Secured
Overnight
Financing
Rate
+
1.50%
3.58%,
05/22/2028
(d)
500
452
3
Month
USD
LIBOR
+
1.31%
3.91%,
04/25/2026
(d)
390
373
Secured
Overnight
Financing
Rate
+
1.32%
4.10%,
06/03/2026
600
571
4.40%,
06/14/2046
385
294
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
10
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Wells
Fargo
&
Co
(continued)
4.48%,
04/04/2031
(d)
$
245
$
224
Secured
Overnight
Financing
Rate
+
4.03%
4.61%,
04/25/2053
(d)
390
317
Secured
Overnight
Financing
Rate
+
2.13%
4.65%,
11/04/2044
330
262
4.81%,
07/25/2028
(d)
170
162
Secured
Overnight
Financing
Rate
+
1.98%
4.90%,
07/25/2033
(d)
340
313
Secured
Overnight
Financing
Rate
+
2.10%
4.90%,
11/17/2045
520
425
5.01%,
04/04/2051
(d)
325
281
Secured
Overnight
Financing
Rate
+
4.50%
5.38%,
11/02/2043
20
17
5.61%,
01/15/2044
45
41
Wells
Fargo
Bank
NA
5.95%,
08/26/2036
750
728
6.60%,
01/15/2038
250
261
Westpac
Banking
Corp
1.15%,
06/03/2026
190
166
1.95%,
11/20/2028
200
166
2.15%,
06/03/2031
190
151
2.35%,
02/19/2025
155
147
2.65%,
01/16/2030
155
131
2.89%,
02/04/2030
(d)
160
147
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.35%
2.96%,
11/16/2040
80
51
3.02%,
11/18/2036
(d)
150
110
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.53%
3.13%,
11/18/2041
200
128
3.74%,
08/26/2025
110
107
4.04%,
08/26/2027
110
106
4.11%,
07/24/2034
(d)
165
140
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.00%
4.42%,
07/24/2039
165
133
$
126,737
Beverages
-
0
.59
%
Anheuser-Busch
Cos
LLC
/
Anheuser-Busch
InBev
Worldwide
Inc
3.65%,
02/01/2026
525
504
4.70%,
02/01/2036
1,030
928
4.90%,
02/01/2046
890
774
Anheuser-Busch
InBev
Finance
Inc
4.63%,
02/01/2044
25
21
Anheuser-Busch
InBev
Worldwide
Inc
3.50%,
06/01/2030
295
263
3.75%,
07/15/2042
100
76
4.35%,
06/01/2040
295
250
4.50%,
06/01/2050
720
593
4.75%,
01/23/2029
560
546
5.45%,
01/23/2039
500
476
5.80%,
01/23/2059
595
568
8.20%,
01/15/2039
51
62
Coca-Cola
Co/The
1.00%,
03/15/2028
340
280
1.38%,
03/15/2031
340
259
1.45%,
06/01/2027
360
311
1.50%,
03/05/2028
190
162
1.65%,
06/01/2030
260
207
1.75%,
09/06/2024
(e)
190
181
2.13%,
09/06/2029
165
139
2.25%,
01/05/2032
195
158
2.50%,
06/01/2040
260
181
2.50%,
03/15/2051
170
106
2.60%,
06/01/2050
260
167
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Beverages
(continued)
Coca-Cola
Co/The
(continued)
2.88%,
05/05/2041
$
195
$
144
3.00%,
03/05/2051
285
199
3.38%,
03/25/2027
160
153
Constellation
Brands
Inc
2.25%,
08/01/2031
170
131
3.15%,
08/01/2029
630
541
3.60%,
05/09/2024
80
78
4.35%,
05/09/2027
160
153
Diageo
Capital
PLC
2.13%,
10/24/2024
200
190
2.13%,
04/29/2032
200
155
2.38%,
10/24/2029
200
167
5.88%,
09/30/2036
139
143
Fomento
Economico
Mexicano
SAB
de
CV
3.50%,
01/16/2050
160
110
Keurig
Dr
Pepper
Inc
2.25%,
03/15/2031
190
148
3.13%,
12/15/2023
500
491
3.35%,
03/15/2051
190
124
3.95%,
04/15/2029
110
100
4.05%,
04/15/2032
110
96
4.50%,
04/15/2052
110
87
Molson
Coors
Beverage
Co
3.00%,
07/15/2026
530
484
5.00%,
05/01/2042
50
42
PepsiCo
Inc
0.40%,
10/07/2023
125
120
1.40%,
02/25/2031
165
127
1.63%,
05/01/2030
95
76
1.95%,
10/21/2031
165
131
2.38%,
10/06/2026
670
615
2.63%,
07/29/2029
170
148
2.63%,
10/21/2041
160
113
2.75%,
10/21/2051
160
109
2.85%,
02/24/2026
500
471
2.88%,
10/15/2049
160
112
3.60%,
02/18/2028
170
161
4.20%,
07/18/2052
60
53
$
13,184
Biotechnology
-
0
.29
%
Amgen
Inc
1.65%,
08/15/2028
180
148
1.90%,
02/21/2025
160
149
2.00%,
01/15/2032
180
137
2.20%,
02/21/2027
1,090
968
2.45%,
02/21/2030
160
132
2.60%,
08/19/2026
500
458
3.00%,
02/22/2029
200
175
3.00%,
01/15/2052
180
113
3.15%,
02/21/2040
860
620
3.38%,
02/21/2050
160
109
4.20%,
03/01/2033
165
149
4.20%,
02/22/2052
200
157
4.40%,
05/01/2045
40
33
4.66%,
06/15/2051
300
252
4.88%,
03/01/2053
165
145
Baxalta
Inc
4.00%,
06/23/2025
50
49
5.25%,
06/23/2045
130
119
Biogen
Inc
2.25%,
05/01/2030
115
91
5.20%,
09/15/2045
540
482
Gilead
Sciences
Inc
1.65%,
10/01/2030
165
127
2.60%,
10/01/2040
85
56
2.80%,
10/01/2050
165
102
2.95%,
03/01/2027
530
483
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
11
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Biotechnology
(continued)
Gilead
Sciences
Inc
(continued)
4.00%,
09/01/2036
$
300
$
249
4.60%,
09/01/2035
500
452
Regeneron
Pharmaceuticals
Inc
1.75%,
09/15/2030
165
125
Royalty
Pharma
PLC
1.75%,
09/02/2027
310
256
2.20%,
09/02/2030
160
122
3.30%,
09/02/2040
160
107
$
6,565
Building
Materials
-
0
.13
%
Carrier
Global
Corp
2.24%,
02/15/2025
23
21
2.49%,
02/15/2027
36
32
2.72%,
02/15/2030
320
264
3.38%,
04/05/2040
300
217
3.58%,
04/05/2050
160
111
Johnson
Controls
International
plc
4.50%,
02/15/2047
500
398
Johnson
Controls
International
plc
/
Tyco
Fire
&
Security
Finance
SCA
2.00%,
09/16/2031
385
291
Martin
Marietta
Materials
Inc
2.50%,
03/15/2030
500
402
3.20%,
07/15/2051
190
119
Masco
Corp
1.50%,
02/15/2028
190
153
4.50%,
05/15/2047
525
404
Owens
Corning
4.40%,
01/30/2048
300
223
Vulcan
Materials
Co
3.50%,
06/01/2030
295
252
$
2,887
Chemicals
-
0
.37
%
Air
Products
and
Chemicals
Inc
1.85%,
05/15/2027
655
577
2.80%,
05/15/2050
155
103
Albemarle
Corp
5.45%,
12/01/2044
150
130
Celanese
US
Holdings
LLC
6.05%,
03/15/2025
345
337
6.17%,
07/15/2027
345
326
6.38%,
07/15/2032
345
321
Dow
Chemical
Co/The
2.10%,
11/15/2030
165
126
3.60%,
11/15/2050
165
113
4.38%,
11/15/2042
230
181
4.80%,
05/15/2049
300
246
5.25%,
11/15/2041
280
249
9.40%,
05/15/2039
30
38
DuPont
de
Nemours
Inc
4.73%,
11/15/2028
475
452
5.32%,
11/15/2038
500
453
5.42%,
11/15/2048
245
220
Eastman
Chemical
Co
4.80%,
09/01/2042
100
81
Ecolab
Inc
1.30%,
01/30/2031
85
64
1.65%,
02/01/2027
350
307
2.13%,
08/15/2050
85
48
2.75%,
08/18/2055
307
190
4.80%,
03/24/2030
160
157
EI
du
Pont
de
Nemours
and
Co
1.70%,
07/15/2025
185
170
Linde
Inc/CT
1.10%,
08/10/2030
165
125
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Chemicals
(continued)
LYB
International
Finance
III
LLC
1.25%,
10/01/2025
$
84
$
74
2.25%,
10/01/2030
165
128
3.63%,
04/01/2051
165
108
4.20%,
10/15/2049
125
90
LyondellBasell
Industries
NV
4.63%,
02/26/2055
20
15
5.75%,
04/15/2024
130
131
Mosaic
Co/The
4.25%,
11/15/2023
496
492
Nutrien
Ltd
4.20%,
04/01/2029
600
555
4.90%,
06/01/2043
200
172
PPG
Industries
Inc
1.20%,
03/15/2026
190
166
Sherwin-Williams
Co/The
2.20%,
03/15/2032
160
121
2.30%,
05/15/2030
160
128
2.95%,
08/15/2029
450
385
3.30%,
05/15/2050
160
105
3.80%,
08/15/2049
175
125
Westlake
Corp
3.13%,
08/15/2051
190
117
3.60%,
08/15/2026
350
325
$
8,251
Commercial
Mortgage
Backed
Securities
-
1
.47
%
BANK
2018-BNK10
3.69%,
02/15/2061
1,850
1,709
CFCRE
Commercial
Mortgage
Trust
2016-C4
3.28%,
05/10/2058
1,300
1,210
Citigroup
Commercial
Mortgage
Trust
2016-GC36
3.62%,
02/10/2049
1,000
941
COMM
2013-CCRE8
Mortgage
Trust
3.61%,
06/10/2046
(g)
500
496
COMM
2015-DC1
Mortgage
Trust
3.35%,
02/10/2048
1,000
955
COMM
2015-LC19
Mortgage
Trust
3.18%,
02/10/2048
1,000
954
COMM
2016-CR28
Mortgage
Trust
3.76%,
02/10/2049
1,000
949
CSAIL
2016-C7
Commercial
Mortgage
Trust
3.31%,
11/15/2049
696
672
Fannie
Mae-Aces
2.49%,
10/25/2026
(g)
797
733
2.53%,
09/25/2024
742
711
2.79%,
06/25/2025
(g)
1,435
1,367
2.85%,
02/25/2027
(g)
826
770
2.96%,
02/25/2027
(g)
918
861
3.09%,
12/25/2027
(g)
756
703
3.47%,
07/25/2028
(g)
2,025
1,915
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
2.67%,
03/25/2026
1,050
986
3.06%,
07/25/2023
(g)
750
742
3.06%,
12/25/2024
500
484
3.31%,
05/25/2023
(g)
810
803
3.32%,
02/25/2023
(g)
931
928
3.41%,
12/25/2026
1,500
1,434
3.53%,
10/25/2023
(g)
1,050
1,040
GS
Mortgage
Securities
Trust
2012-GCJ9
2.77%,
11/10/2045
3
3
GS
Mortgage
Securities
Trust
2014-GC18
3.80%,
01/10/2047
308
302
GS
Mortgage
Securities
Trust
2015-GC34
3.51%,
10/10/2048
1,000
946
GS
Mortgage
Securities
Trust
2017-GS5
3.47%,
03/10/2050
1,912
1,838
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
12
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Mortgage
Backed
Securities
(continued)
GS
Mortgage
Securities
Trust
2018-GS9
3.99%,
03/10/2051
(g)
$
1,500
$
1,402
JPMBB
Commercial
Mortgage
Securities
Trust
2014-C22
3.80%,
09/15/2047
1,000
973
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
2015-C24
3.48%,
05/15/2048
897
857
Morgan
Stanley
Capital
I
Trust
2017-H1
3.26%,
06/15/2050
2,500
2,299
SG
Commercial
Mortgage
Securities
Trust
2016-C5
3.06%,
10/10/2048
1,000
912
UBS-Barclays
Commercial
Mortgage
Trust
2013-C6
3.24%,
04/10/2046
500
496
Wells
Fargo
Commercial
Mortgage
Trust
2015-C28
3.29%,
05/15/2048
1,515
1,439
WFRBS
Commercial
Mortgage
Trust
2013-C14
2.98%,
06/15/2046
130
130
$
32,960
Commercial
Services
-
0
.26
%
American
University/The
3.67%,
04/01/2049
125
98
Automatic
Data
Processing
Inc
1.70%,
05/15/2028
195
167
3.38%,
09/15/2025
500
485
California
Institute
of
Technology
4.32%,
08/01/2045
80
70
Global
Payments
Inc
1.20%,
03/01/2026
370
319
1.50%,
11/15/2024
195
179
2.65%,
02/15/2025
170
159
3.20%,
08/15/2029
170
142
4.15%,
08/15/2049
85
58
Leland
Stanford
Junior
University/The
3.65%,
05/01/2048
287
241
Massachusetts
Institute
of
Technology
3.89%,
07/01/2116
250
177
4.68%,
07/01/2114
250
212
Moody's
Corp
2.55%,
08/18/2060
515
280
4.25%,
08/08/2032
175
159
5.25%,
07/15/2044
500
460
PayPal
Holdings
Inc
1.65%,
06/01/2025
160
147
2.30%,
06/01/2030
160
130
2.40%,
10/01/2024
160
153
2.85%,
10/01/2029
160
137
3.90%,
06/01/2027
(e)
185
177
4.40%,
06/01/2032
185
172
S&P
Global
Inc
1.25%,
08/15/2030
165
124
2.45%,
03/01/2027
(h)
295
264
2.50%,
12/01/2029
120
100
3.25%,
12/01/2049
120
84
3.70%,
03/01/2052
(h)
295
223
University
of
Southern
California
5.25%,
10/01/2111
30
28
Verisk
Analytics
Inc
4.00%,
06/15/2025
500
484
William
Marsh
Rice
University
3.57%,
05/15/2045
500
411
$
5,840
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Computers
-
0
.66
%
Apple
Inc
0.55%,
08/20/2025
$
525
$
470
0.70%,
02/08/2026
350
308
1.13%,
05/11/2025
550
505
1.20%,
02/08/2028
345
289
1.25%,
08/20/2030
525
404
1.40%,
08/05/2028
190
158
1.65%,
05/11/2030
160
129
1.65%,
02/08/2031
175
138
1.70%,
08/05/2031
(e)
385
302
2.20%,
09/11/2029
165
141
2.38%,
02/08/2041
175
121
2.40%,
08/20/2050
525
326
2.65%,
05/11/2050
160
105
2.65%,
02/08/2051
175
115
2.70%,
08/05/2051
285
188
2.80%,
02/08/2061
175
109
2.90%,
09/12/2027
655
605
2.95%,
09/11/2049
165
116
3.20%,
05/13/2025
445
431
3.20%,
05/11/2027
320
301
3.25%,
08/08/2029
175
160
3.35%,
02/09/2027
535
511
3.35%,
08/08/2032
175
156
3.45%,
02/09/2045
30
24
3.75%,
09/12/2047
115
93
3.75%,
11/13/2047
150
122
3.85%,
05/04/2043
300
252
3.95%,
08/08/2052
175
146
4.65%,
02/23/2046
1,235
1,155
Dell
International
LLC
/
EMC
Corp
3.38%,
12/15/2041
(h)
200
124
3.45%,
12/15/2051
(h)
400
227
6.02%,
06/15/2026
1,000
1,004
8.10%,
07/15/2036
138
146
8.35%,
07/15/2046
83
90
Hewlett
Packard
Enterprise
Co
1.45%,
04/01/2024
465
441
4.45%,
10/02/2023
150
149
4.90%,
10/15/2025
300
297
6.20%,
10/15/2035
80
78
6.35%,
10/15/2045
195
177
HP
Inc
1.45%,
06/17/2026
190
164
2.20%,
06/17/2025
240
222
3.00%,
06/17/2027
240
213
4.75%,
01/15/2028
175
164
6.00%,
09/15/2041
154
134
International
Business
Machines
Corp
2.20%,
02/09/2027
100
89
3.30%,
05/15/2026
1,050
989
3.50%,
05/15/2029
470
425
4.00%,
07/27/2025
165
162
4.00%,
06/20/2042
35
27
4.15%,
05/15/2039
230
190
4.25%,
05/15/2049
340
269
4.40%,
07/27/2032
165
152
4.70%,
02/19/2046
185
159
5.60%,
11/30/2039
92
89
5.88%,
11/29/2032
200
205
6.22%,
08/01/2027
351
368
NetApp
Inc
2.38%,
06/22/2027
160
141
$
14,775
Consumer
Products
-
0
.05
%
Church
&
Dwight
Co
Inc
3.15%,
08/01/2027
300
275
3.95%,
08/01/2047
300
235
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
13
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Consumer
Products
(continued)
Clorox
Co/The
1.80%,
05/15/2030
$
160
$
123
Kimberly-Clark
Corp
2.75%,
02/15/2026
400
376
2.88%,
02/07/2050
160
108
$
1,117
Cosmetics
&
Personal
Care
-
0
.20
%
Colgate-Palmolive
Co
3.10%,
08/15/2025
175
169
3.25%,
08/15/2032
175
156
Estee
Lauder
Cos
Inc/The
1.95%,
03/15/2031
170
135
2.00%,
12/01/2024
240
229
2.38%,
12/01/2029
240
203
GSK
Consumer
Healthcare
Capital
UK
PLC
3.13%,
03/24/2025
(h)
250
236
GSK
Consumer
Healthcare
Capital
US
LLC
3.38%,
03/24/2027
(h)
475
431
3.63%,
03/24/2032
(h)
370
314
4.00%,
03/24/2052
(h)
250
185
Procter
&
Gamble
Co/The
0.55%,
10/29/2025
240
213
1.20%,
10/29/2030
340
262
1.90%,
02/01/2027
115
104
2.30%,
02/01/2032
115
95
2.80%,
03/25/2027
660
614
3.55%,
03/25/2040
160
135
Unilever
Capital
Corp
1.38%,
09/14/2030
170
130
2.13%,
09/06/2029
115
96
2.60%,
05/05/2024
510
495
5.90%,
11/15/2032
230
244
$
4,446
Distribution
&
Wholesale
-
0
.01
%
WW
Grainger
Inc
4.60%,
06/15/2045
250
225
Diversified
Financial
Services
-
1
.01
%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
1.15%,
10/29/2023
380
361
1.65%,
10/29/2024
1,440
1,316
1.75%,
10/29/2024
380
346
1.75%,
01/30/2026
170
145
2.45%,
10/29/2026
225
190
2.88%,
08/14/2024
1,035
973
3.00%,
10/29/2028
245
196
3.30%,
01/30/2032
380
286
3.40%,
10/29/2033
275
200
3.88%,
01/23/2028
300
259
Air
Lease
Corp
1.88%,
08/15/2026
200
169
2.10%,
09/01/2028
385
300
2.30%,
02/01/2025
265
244
2.88%,
01/15/2026
385
345
2.88%,
01/15/2032
200
151
3.25%,
03/01/2025
500
468
3.25%,
10/01/2029
95
77
Ally
Financial
Inc
1.45%,
10/02/2023
185
179
2.20%,
11/02/2028
190
147
4.75%,
06/09/2027
160
148
8.00%,
11/01/2031
540
566
American
Express
Co
1.65%,
11/04/2026
1,350
1,177
2.25%,
03/04/2025
195
183
3.30%,
05/03/2027
30
28
3.38%,
05/03/2024
130
127
4.05%,
05/03/2029
75
69
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Diversified
Financial
Services
(continued)
American
Express
Co
(continued)
4.05%,
12/03/2042
$
25
$
20
Ameriprise
Financial
Inc
4.00%,
10/15/2023
225
223
BlackRock
Inc
2.10%,
02/25/2032
150
115
2.40%,
04/30/2030
125
103
3.50%,
03/18/2024
500
493
Brookfield
Finance
Inc
2.72%,
04/15/2031
190
151
3.50%,
03/30/2051
165
104
3.90%,
01/25/2028
400
360
Brookfield
Finance
LLC
3.45%,
04/15/2050
160
101
Capital
One
Financial
Corp
1.88%,
11/02/2027
(d)
125
106
Secured
Overnight
Financing
Rate
+
0.86%
2.36%,
07/29/2032
(d)
190
135
Secured
Overnight
Financing
Rate
+
1.34%
3.20%,
02/05/2025
415
394
3.75%,
04/24/2024
5
5
3.75%,
07/28/2026
1,000
925
4.20%,
10/29/2025
30
29
4.93%,
05/10/2028
(d)
255
243
Secured
Overnight
Financing
Rate
+
2.06%
Charles
Schwab
Corp/The
0.90%,
03/11/2026
315
275
1.15%,
05/13/2026
195
171
1.65%,
03/11/2031
315
238
1.95%,
12/01/2031
195
148
2.00%,
03/20/2028
385
331
3.45%,
02/13/2026
250
240
CME
Group
Inc
3.00%,
03/15/2025
530
508
5.30%,
09/15/2043
200
199
Credit
Suisse
USA
Inc
7.13%,
07/15/2032
300
300
Discover
Financial
Services
4.10%,
02/09/2027
500
460
Intercontinental
Exchange
Inc
1.85%,
09/15/2032
125
92
2.10%,
06/15/2030
160
127
2.65%,
09/15/2040
165
110
3.00%,
09/15/2060
165
97
3.75%,
12/01/2025
50
48
4.00%,
09/15/2027
365
346
4.25%,
09/21/2048
150
124
4.60%,
03/15/2033
185
172
4.95%,
06/15/2052
185
163
Jefferies
Group
LLC
6.50%,
01/20/2043
200
188
Jefferies
Group
LLC
/
Jefferies
Group
Capital
Finance
Inc
2.63%,
10/15/2031
165
120
4.15%,
01/23/2030
400
341
Mastercard
Inc
2.00%,
03/03/2025
210
198
2.00%,
11/18/2031
170
134
2.95%,
11/21/2026
500
467
2.95%,
03/15/2051
190
129
3.35%,
03/26/2030
80
72
3.85%,
03/26/2050
560
450
Nasdaq
Inc
2.50%,
12/21/2040
185
116
Nomura
Holdings
Inc
1.85%,
07/16/2025
330
298
2.33%,
01/22/2027
385
331
2.68%,
07/16/2030
330
252
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
14
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Diversified
Financial
Services
(continued)
ORIX
Corp
3.70%,
07/18/2027
$
300
$
277
Synchrony
Financial
4.25%,
08/15/2024
800
780
4.50%,
07/23/2025
20
19
Visa
Inc
1.10%,
02/15/2031
165
123
1.90%,
04/15/2027
475
422
2.00%,
08/15/2050
165
94
2.05%,
04/15/2030
155
128
2.70%,
04/15/2040
155
112
3.15%,
12/14/2025
600
573
3.65%,
09/15/2047
85
66
4.15%,
12/14/2035
215
196
4.30%,
12/14/2045
375
327
Western
Union
Co/The
6.20%,
11/17/2036
200
190
$
22,709
Electric
-
1
.85
%
AEP
Texas
Inc
2.10%,
07/01/2030
165
129
3.45%,
01/15/2050
55
37
3.45%,
05/15/2051
195
133
4.70%,
05/15/2032
65
60
5.25%,
05/15/2052
65
59
AEP
Transmission
Co
LLC
2.75%,
08/15/2051
190
119
4.00%,
12/01/2046
400
313
4.50%,
06/15/2052
90
76
AES
Corp/The
2.45%,
01/15/2031
180
138
Alabama
Power
Co
1.45%,
09/15/2030
160
122
3.13%,
07/15/2051
190
127
4.30%,
01/02/2046
400
329
Ameren
Corp
1.75%,
03/15/2028
190
157
Ameren
Illinois
Co
1.55%,
11/15/2030
180
138
3.25%,
03/15/2050
80
55
3.85%,
09/01/2032
115
104
American
Electric
Power
Co
Inc
1.00%,
11/01/2025
45
39
2.30%,
03/01/2030
160
127
Appalachian
Power
Co
3.30%,
06/01/2027
200
184
7.00%,
04/01/2038
120
129
Arizona
Public
Service
Co
2.60%,
08/15/2029
270
223
2.65%,
09/15/2050
170
97
4.50%,
04/01/2042
77
62
Baltimore
Gas
and
Electric
Co
2.25%,
06/15/2031
190
152
4.55%,
06/01/2052
60
51
Berkshire
Hathaway
Energy
Co
1.65%,
05/15/2031
135
102
2.85%,
05/15/2051
180
111
3.80%,
07/15/2048
300
226
4.50%,
02/01/2045
325
271
4.60%,
05/01/2053
(h)
195
164
5.15%,
11/15/2043
15
14
6.13%,
04/01/2036
156
159
CenterPoint
Energy
Houston
Electric
LLC
3.35%,
04/01/2051
190
136
4.25%,
02/01/2049
300
251
4.85%,
10/01/2052
80
73
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
CenterPoint
Energy
Inc
1.45%,
06/01/2026
$
195
$
171
2.50%,
09/01/2024
90
86
2.95%,
03/01/2030
125
105
3.70%,
09/01/2049
90
64
CMS
Energy
Corp
3.75%,
12/01/2050
(d)
180
132
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.90%
Commonwealth
Edison
Co
3.00%,
03/01/2050
160
107
3.13%,
03/15/2051
190
129
4.00%,
03/01/2049
300
239
Connecticut
Light
and
Power
Co/The
0.75%,
12/01/2025
(e)
180
158
2.05%,
07/01/2031
190
150
3.20%,
03/15/2027
165
154
4.00%,
04/01/2048
500
408
Consolidated
Edison
Co
of
New
York
Inc
2.40%,
06/15/2031
195
156
3.00%,
12/01/2060
180
107
3.70%,
11/15/2059
80
56
3.88%,
06/15/2047
650
493
4.13%,
05/15/2049
300
233
4.20%,
03/15/2042
128
103
4.30%,
12/01/2056
230
177
5.85%,
03/15/2036
51
50
6.75%,
04/01/2038
125
133
Constellation
Energy
Generation
LLC
6.25%,
10/01/2039
349
341
Consumers
Energy
Co
2.50%,
05/01/2060
160
88
3.10%,
08/15/2050
245
166
4.20%,
09/01/2052
175
145
Delmarva
Power
&
Light
Co
4.15%,
05/15/2045
350
280
Dominion
Energy
Inc
1.45%,
04/15/2026
190
167
3.30%,
04/15/2041
190
137
3.38%,
04/01/2030
155
133
4.70%,
12/01/2044
300
253
4.90%,
08/01/2041
77
68
5.95%,
06/15/2035
400
396
Dominion
Energy
South
Carolina
Inc
5.45%,
02/01/2041
77
74
DTE
Electric
Co
1.90%,
04/01/2028
435
370
2.25%,
03/01/2030
160
132
2.63%,
03/01/2031
155
129
3.95%,
03/01/2049
250
200
DTE
Energy
Co
1.05%,
06/01/2025
85
76
Duke
Energy
Carolinas
LLC
3.20%,
08/15/2049
450
310
4.00%,
09/30/2042
100
80
5.30%,
02/15/2040
362
344
Duke
Energy
Corp
0.90%,
09/15/2025
170
151
3.15%,
08/15/2027
15
14
3.30%,
06/15/2041
190
133
3.50%,
06/15/2051
190
128
3.75%,
09/01/2046
400
283
4.50%,
08/15/2032
175
158
5.00%,
08/15/2052
175
149
Duke
Energy
Florida
LLC
1.75%,
06/15/2030
160
125
2.50%,
12/01/2029
330
279
3.40%,
10/01/2046
300
211
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
15
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Duke
Energy
Florida
LLC
(continued)
5.65%,
04/01/2040
$
25
$
25
6.40%,
06/15/2038
66
71
Duke
Energy
Indiana
LLC
2.75%,
04/01/2050
160
99
6.12%,
10/15/2035
77
79
6.45%,
04/01/2039
300
313
Duke
Energy
Ohio
Inc
2.13%,
06/01/2030
160
128
Duke
Energy
Progress
LLC
2.50%,
08/15/2050
165
98
4.15%,
12/01/2044
300
242
Emera
US
Finance
LP
3.55%,
06/15/2026
25
23
4.75%,
06/15/2046
25
20
Entergy
Arkansas
LLC
2.65%,
06/15/2051
170
103
Entergy
Corp
0.90%,
09/15/2025
580
510
1.90%,
06/15/2028
115
94
2.40%,
06/15/2031
190
145
Entergy
Louisiana
LLC
2.90%,
03/15/2051
90
57
3.10%,
06/15/2041
190
137
4.75%,
09/15/2052
105
91
Entergy
Texas
Inc
1.75%,
03/15/2031
165
125
4.00%,
03/30/2029
300
277
4.50%,
03/30/2039
300
250
Evergy
Inc
2.45%,
09/15/2024
165
156
Evergy
Kansas
Central
Inc
4.25%,
12/01/2045
500
400
Evergy
Metro
Inc
2.25%,
06/01/2030
160
130
Eversource
Energy
0.80%,
08/15/2025
165
146
1.65%,
08/15/2030
165
124
Exelon
Corp
3.35%,
03/15/2032
(h)
195
163
3.95%,
06/15/2025
25
24
4.45%,
04/15/2046
20
16
5.63%,
06/15/2035
300
293
Florida
Power
&
Light
Co
2.45%,
02/03/2032
200
162
2.88%,
12/04/2051
195
129
3.15%,
10/01/2049
90
63
3.70%,
12/01/2047
200
156
4.05%,
10/01/2044
350
287
5.69%,
03/01/2040
48
48
Georgia
Power
Co
2.20%,
09/15/2024
165
156
4.30%,
03/15/2042
228
182
4.70%,
05/15/2032
185
173
Gulf
Power
Co
3.30%,
05/30/2027
400
371
Hydro-Quebec
8.05%,
07/07/2024
102
108
Iberdrola
International
BV
6.75%,
07/15/2036
128
133
Interstate
Power
and
Light
Co
2.30%,
06/01/2030
40
32
4.10%,
09/26/2028
300
282
Kentucky
Utilities
Co
3.30%,
06/01/2050
155
108
5.13%,
11/01/2040
250
230
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
MidAmerican
Energy
Co
3.15%,
04/15/2050
$
165
$
112
3.65%,
04/15/2029
300
277
4.25%,
07/15/2049
300
250
Mississippi
Power
Co
4.25%,
03/15/2042
100
80
National
Rural
Utilities
Cooperative
Finance
Corp
0.35%,
02/08/2024
155
146
1.00%,
06/15/2026
190
166
2.40%,
03/15/2030
105
86
3.05%,
04/25/2027
300
277
3.25%,
11/01/2025
500
475
4.15%,
12/15/2032
175
160
Nevada
Power
Co
2.40%,
05/01/2030
200
165
NextEra
Energy
Capital
Holdings
Inc
1.90%,
06/15/2028
195
161
2.25%,
06/01/2030
450
359
2.75%,
11/01/2029
115
97
4.20%,
06/20/2024
175
173
5.00%,
07/15/2032
175
167
5.65%,
05/01/2079
(d)
500
436
3
Month
USD
LIBOR
+
3.16%
Northern
States
Power
Co/MN
2.25%,
04/01/2031
190
155
2.60%,
06/01/2051
160
99
2.90%,
03/01/2050
80
53
3.40%,
08/15/2042
100
76
5.35%,
11/01/2039
82
81
NorthWestern
Corp
4.18%,
11/15/2044
300
238
NSTAR
Electric
Co
4.55%,
06/01/2052
185
161
4.95%,
09/15/2052
80
75
Ohio
Power
Co
1.63%,
01/15/2031
150
113
Oncor
Electric
Delivery
Co
LLC
0.55%,
10/01/2025
165
145
2.75%,
06/01/2024
300
291
3.10%,
09/15/2049
430
297
4.15%,
06/01/2032
(h)
185
172
4.55%,
09/15/2032
(h)
115
111
4.60%,
06/01/2052
(h)
185
164
5.25%,
09/30/2040
51
49
Pacific
Gas
and
Electric
Co
2.10%,
08/01/2027
1,160
938
2.50%,
02/01/2031
320
233
3.30%,
08/01/2040
160
102
3.50%,
08/01/2050
1,160
706
4.20%,
06/01/2041
190
130
4.95%,
06/08/2025
455
442
5.90%,
06/15/2032
150
137
PacifiCorp
2.90%,
06/15/2052
190
122
6.25%,
10/15/2037
92
94
PECO
Energy
Co
2.80%,
06/15/2050
425
273
2.85%,
09/15/2051
175
113
4.38%,
08/15/2052
115
98
4.60%,
05/15/2052
55
48
PPL
Electric
Utilities
Corp
3.00%,
10/01/2049
80
53
3.95%,
06/01/2047
300
240
Progress
Energy
Inc
7.75%,
03/01/2031
136
150
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
16
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Public
Service
Co
of
Colorado
1.88%,
06/15/2031
$
155
$
121
2.70%,
01/15/2051
495
313
3.70%,
06/15/2028
300
280
4.50%,
06/01/2052
60
52
Public
Service
Electric
and
Gas
Co
2.05%,
08/01/2050
165
89
2.45%,
01/15/2030
160
135
3.00%,
05/15/2027
400
368
3.15%,
01/01/2050
160
110
3.65%,
09/01/2042
200
154
Public
Service
Enterprise
Group
Inc
0.80%,
08/15/2025
330
290
Puget
Sound
Energy
Inc
2.89%,
09/15/2051
170
108
3.25%,
09/15/2049
60
40
5.80%,
03/15/2040
351
344
San
Diego
Gas
&
Electric
Co
1.70%,
10/01/2030
170
131
3.32%,
04/15/2050
155
108
3.70%,
03/15/2052
195
146
Sempra
Energy
3.40%,
02/01/2028
300
271
3.80%,
02/01/2038
300
234
4.00%,
02/01/2048
400
298
6.00%,
10/15/2039
112
109
Southern
California
Edison
Co
2.25%,
06/01/2030
160
127
2.85%,
08/01/2029
125
105
3.45%,
02/01/2052
200
134
3.65%,
02/01/2050
315
216
4.00%,
04/01/2047
585
426
4.70%,
06/01/2027
365
354
5.50%,
03/15/2040
102
93
5.95%,
02/01/2038
367
352
Southern
Co/The
1.75%,
03/15/2028
190
155
3.25%,
07/01/2026
570
528
3.75%,
09/15/2051
(d)
435
353
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.92%
4.00%,
01/15/2051
(d)
170
152
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.73%
Southern
Power
Co
0.90%,
01/15/2026
40
35
5.25%,
07/15/2043
200
173
Southwestern
Electric
Power
Co
4.10%,
09/15/2028
400
369
6.20%,
03/15/2040
51
50
Tampa
Electric
Co
3.45%,
03/15/2051
185
130
4.35%,
05/15/2044
200
164
Tucson
Electric
Power
Co
1.50%,
08/01/2030
455
343
3.25%,
05/01/2051
195
128
Union
Electric
Co
2.15%,
03/15/2032
190
147
2.63%,
03/15/2051
165
101
3.50%,
04/15/2024
500
488
Virginia
Electric
and
Power
Co
2.30%,
11/15/2031
195
155
2.45%,
12/15/2050
90
53
2.88%,
07/15/2029
90
78
2.95%,
11/15/2051
380
246
3.75%,
05/15/2027
115
109
4.20%,
05/15/2045
600
481
6.00%,
05/15/2037
77
78
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Virginia
Electric
and
Power
Co
(continued)
8.88%,
11/15/2038
$
10
$
13
WEC
Energy
Group
Inc
1.38%,
10/15/2027
165
136
2.20%,
12/15/2028
200
165
5.00%,
09/27/2025
80
80
Wisconsin
Electric
Power
Co
2.05%,
12/15/2024
65
61
4.75%,
09/30/2032
120
116
Wisconsin
Public
Service
Corp
2.85%,
12/01/2051
195
125
Xcel
Energy
Inc
0.50%,
10/15/2023
85
81
1.75%,
03/15/2027
280
242
2.60%,
12/01/2029
115
96
4.60%,
06/01/2032
110
102
$
41,544
Electrical
Components
&
Equipment
-
0
.04
%
Emerson
Electric
Co
0.88%,
10/15/2026
550
472
2.20%,
12/21/2031
400
320
$
792
Electronics
-
0
.08
%
Agilent
Technologies
Inc
2.10%,
06/04/2030
160
126
2.30%,
03/12/2031
195
152
Fortive
Corp
3.15%,
06/15/2026
535
494
Honeywell
International
Inc
1.10%,
03/01/2027
190
163
1.35%,
06/01/2025
75
69
1.75%,
09/01/2031
190
148
1.95%,
06/01/2030
310
253
2.50%,
11/01/2026
50
46
2.70%,
08/15/2029
85
74
2.80%,
06/01/2050
(e)
160
113
Jabil
Inc
1.70%,
04/15/2026
190
165
Tyco
Electronics
Group
SA
7.13%,
10/01/2037
14
16
$
1,819
Entertainment
-
0
.12
%
Warnermedia
Holdings
Inc
3.43%,
03/15/2024
(h)
390
377
3.64%,
03/15/2025
(h)
395
374
3.76%,
03/15/2027
(h)
395
353
4.05%,
03/15/2029
(h)
390
337
4.28%,
03/15/2032
(h)
290
239
5.05%,
03/15/2042
(h)
395
296
5.14%,
03/15/2052
(h)
295
214
5.39%,
03/15/2062
(h)
635
460
$
2,650
Environmental
Control
-
0
.07
%
Republic
Services
Inc
1.75%,
02/15/2032
90
67
2.30%,
03/01/2030
340
279
2.50%,
08/15/2024
215
205
Waste
Connections
Inc
2.20%,
01/15/2032
385
298
4.20%,
01/15/2033
345
313
Waste
Management
Inc
0.75%,
11/15/2025
90
79
2.00%,
06/01/2029
195
161
2.50%,
11/15/2050
180
110
4.15%,
04/15/2032
(e)
95
88
$
1,600
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
17
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
&
Federally
Sponsored
Credit
-
0
.05
%
Federal
Farm
Credit
Banks
Funding
Corp
0.25%,
02/26/2024
$
385
$
364
2.63%,
05/16/2024
365
356
4.25%,
09/26/2024
315
315
$
1,035
Finance
-
Mortgage
Loan/Banker
-
0
.81
%
Fannie
Mae
0.25%,
11/27/2023
(e)
1,480
1,414
0.50%,
06/17/2025
370
334
0.50%,
11/07/2025
360
321
0.75%,
10/08/2027
(e)
500
425
0.88%,
08/05/2030
680
532
2.13%,
04/24/2026
1,150
1,070
2.50%,
02/05/2024
500
488
2.63%,
09/06/2024
750
727
5.63%,
07/15/2037
200
226
6.63%,
11/15/2030
602
703
7.13%,
01/15/2030
199
236
7.25%,
05/15/2030
280
336
Federal
Home
Loan
Banks
0.38%,
09/04/2025
470
421
2.50%,
02/13/2024
1,000
977
2.75%,
06/28/2024
710
691
3.25%,
11/16/2028
2,000
1,908
5.50%,
07/15/2036
700
782
Freddie
Mac
0.13%,
10/16/2023
345
330
0.25%,
11/06/2023
550
526
0.25%,
12/04/2023
1,970
1,880
0.38%,
09/23/2025
3,160
2,818
6.25%,
07/15/2032
231
269
6.75%,
03/15/2031
577
682
$
18,096
Food
-
0
.32
%
Campbell
Soup
Co
3.95%,
03/15/2025
350
340
4.15%,
03/15/2028
160
150
Conagra
Brands
Inc
1.38%,
11/01/2027
125
101
4.85%,
11/01/2028
205
193
5.30%,
11/01/2038
120
105
5.40%,
11/01/2048
120
103
General
Mills
Inc
2.25%,
10/14/2031
170
133
4.00%,
04/17/2025
300
293
Hershey
Co/The
1.70%,
06/01/2030
160
127
3.38%,
08/15/2046
350
265
J
M
Smucker
Co/The
2.13%,
03/15/2032
195
146
JBS
USA
LUX
SA
/
JBS
USA
Food
Co
/
JBS
USA
Finance
Inc
5.13%,
02/01/2028
(h)
325
305
5.75%,
04/01/2033
(h)
325
293
6.50%,
12/01/2052
(h)
325
289
Kellogg
Co
2.10%,
06/01/2030
160
127
2.65%,
12/01/2023
417
407
3.25%,
04/01/2026
500
470
Koninklijke
Ahold
Delhaize
NV
5.70%,
10/01/2040
30
30
Kroger
Co/The
1.70%,
01/15/2031
190
143
3.70%,
08/01/2027
300
283
3.95%,
01/15/2050
175
133
4.45%,
02/01/2047
55
45
5.15%,
08/01/2043
300
269
5.40%,
07/15/2040
25
23
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Food
(continued)
McCormick
&
Co
Inc/MD
0.90%,
02/15/2026
$
190
$
165
1.85%,
02/15/2031
190
142
Mondelez
International
Inc
1.50%,
02/04/2031
105
77
2.63%,
03/17/2027
195
175
2.63%,
09/04/2050
625
370
Sysco
Corp
2.40%,
02/15/2030
135
110
2.45%,
12/14/2031
115
90
4.50%,
04/01/2046
300
247
4.85%,
10/01/2045
250
212
5.38%,
09/21/2035
500
486
Tyson
Foods
Inc
4.55%,
06/02/2047
520
430
$
7,277
Forest
Products
&
Paper
-
0
.06
%
Celulosa
Arauco
y
Constitucion
SA
4.50%,
08/01/2024
500
487
Georgia-Pacific
LLC
7.75%,
11/15/2029
51
58
8.00%,
01/15/2024
228
237
International
Paper
Co
4.80%,
06/15/2044
223
186
Suzano
Austria
GmbH
2.50%,
09/15/2028
90
70
5.00%,
01/15/2030
300
260
$
1,298
Gas
-
0
.12
%
Atmos
Energy
Corp
1.50%,
01/15/2031
165
124
3.38%,
09/15/2049
165
117
4.13%,
10/15/2044
400
324
5.75%,
10/15/2052
(i)
105
105
CenterPoint
Energy
Resources
Corp
1.75%,
10/01/2030
165
127
4.40%,
07/01/2032
175
163
Eastern
Energy
Gas
Holdings
LLC
2.50%,
11/15/2024
155
147
NiSource
Inc
0.95%,
08/15/2025
330
293
3.49%,
05/15/2027
20
18
3.60%,
05/01/2030
150
131
5.00%,
06/15/2052
355
310
5.95%,
06/15/2041
402
386
Southern
California
Gas
Co
2.55%,
02/01/2030
160
134
Southern
Co
Gas
Capital
Corp
1.75%,
01/15/2031
165
122
3.15%,
09/30/2051
195
122
Washington
Gas
Light
Co
3.65%,
09/15/2049
95
70
$
2,693
Hand
&
Machine
Tools
-
0
.03
%
Stanley
Black
&
Decker
Inc
2.30%,
03/15/2030
735
594
2.75%,
11/15/2050
175
105
$
699
Healthcare
-
Products
-
0
.27
%
Abbott
Laboratories
1.15%,
01/30/2028
250
208
1.40%,
06/30/2030
330
258
3.75%,
11/30/2026
266
258
4.75%,
11/30/2036
40
39
4.90%,
11/30/2046
500
479
5.30%,
05/27/2040
200
200
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
18
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Products
(continued)
Baxter
International
Inc
0.87%,
12/01/2023
$
395
$
377
1.73%,
04/01/2031
175
130
1.92%,
02/01/2027
395
344
2.27%,
12/01/2028
195
161
Boston
Scientific
Corp
1.90%,
06/01/2025
160
147
2.65%,
06/01/2030
160
133
3.45%,
03/01/2024
263
257
4.70%,
03/01/2049
17
15
7.38%,
01/15/2040
51
58
Danaher
Corp
2.60%,
10/01/2050
165
101
DH
Europe
Finance
II
Sarl
2.60%,
11/15/2029
155
132
3.25%,
11/15/2039
155
118
Koninklijke
Philips
NV
5.00%,
03/15/2042
128
110
Medtronic
Inc
4.38%,
03/15/2035
665
606
PerkinElmer
Inc
0.85%,
09/15/2024
120
111
1.90%,
09/15/2028
155
125
Stryker
Corp
3.50%,
03/15/2026
500
476
4.10%,
04/01/2043
200
160
4.63%,
03/15/2046
20
17
Thermo
Fisher
Scientific
Inc
1.22%,
10/18/2024
385
358
2.00%,
10/15/2031
190
150
2.60%,
10/01/2029
160
138
2.80%,
10/15/2041
250
175
Zimmer
Biomet
Holdings
Inc
2.60%,
11/24/2031
165
128
$
5,969
Healthcare
-
Services
-
0
.55
%
Aetna
Inc
3.50%,
11/15/2024
300
291
4.13%,
11/15/2042
100
77
6.63%,
06/15/2036
105
107
6.75%,
12/15/2037
112
114
Ascension
Health
3.95%,
11/15/2046
500
417
Baylor
Scott
&
White
Holdings
3.97%,
11/15/2046
232
186
Children's
Hospital
Medical
Center/Cincinnati
OH
4.27%,
05/15/2044
215
187
CommonSpirit
Health
4.35%,
11/01/2042
200
158
Elevance
Health
Inc
1.50%,
03/15/2026
190
169
2.88%,
09/15/2029
120
102
3.13%,
05/15/2050
600
397
3.60%,
03/15/2051
190
135
3.65%,
12/01/2027
300
279
4.10%,
05/15/2032
170
154
4.38%,
12/01/2047
300
248
4.63%,
05/15/2042
30
26
4.65%,
01/15/2043
115
99
HCA
Inc
2.38%,
07/15/2031
190
141
3.38%,
03/15/2029
(h)
390
330
3.50%,
07/15/2051
190
118
4.38%,
03/15/2042
(h)
195
146
4.50%,
02/15/2027
800
747
5.25%,
06/15/2026
750
725
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Healthcare
-
Services
(continued)
Humana
Inc
1.35%,
02/03/2027
$
190
$
160
2.15%,
02/03/2032
190
144
3.13%,
08/15/2029
85
74
4.50%,
04/01/2025
160
158
4.95%,
10/01/2044
325
288
Kaiser
Foundation
Hospitals
3.27%,
11/01/2049
230
162
4.15%,
05/01/2047
470
393
Laboratory
Corp
of
America
Holdings
2.30%,
12/01/2024
310
292
2.95%,
12/01/2029
310
263
4.70%,
02/01/2045
115
95
Mass
General
Brigham
Inc
3.19%,
07/01/2049
315
220
4.12%,
07/01/2055
300
248
Memorial
Sloan-Kettering
Cancer
Center
4.13%,
07/01/2052
200
168
4.20%,
07/01/2055
250
208
Mount
Sinai
Hospitals
Group
Inc
3.98%,
07/01/2048
400
323
Quest
Diagnostics
Inc
2.95%,
06/30/2030
155
130
UnitedHealth
Group
Inc
0.55%,
05/15/2024
195
183
1.25%,
01/15/2026
160
143
2.00%,
05/15/2030
160
129
2.30%,
05/15/2031
195
157
2.38%,
08/15/2024
250
240
2.75%,
05/15/2040
160
112
2.88%,
08/15/2029
175
152
2.90%,
05/15/2050
160
105
3.05%,
05/15/2041
195
142
3.25%,
05/15/2051
120
83
3.45%,
01/15/2027
440
416
3.50%,
08/15/2039
200
157
3.70%,
05/15/2027
185
176
3.70%,
08/15/2049
350
265
4.20%,
05/15/2032
185
172
4.25%,
06/15/2048
165
137
4.45%,
12/15/2048
120
102
4.63%,
07/15/2035
30
28
4.75%,
07/15/2045
700
620
4.75%,
05/15/2052
185
165
6.50%,
06/15/2037
77
83
$
12,446
Home
Builders
-
0
.01
%
DR
Horton
Inc
1.30%,
10/15/2026
190
159
1.40%,
10/15/2027
165
133
$
292
Insurance
-
0
.66
%
Aflac
Inc
1.13%,
03/15/2026
195
172
Allied
World
Assurance
Co
Holdings
Ltd
4.35%,
10/29/2025
500
475
Allstate
Corp/The
0.75%,
12/15/2025
160
140
1.45%,
12/15/2030
160
121
3.28%,
12/15/2026
500
469
5.55%,
05/09/2035
200
201
American
International
Group
Inc
4.80%,
07/10/2045
50
43
Aon
Corp
2.80%,
05/15/2030
160
133
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
19
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Aon
Corp
/
Aon
Global
Holdings
PLC
2.60%,
12/02/2031
$
245
$
192
2.85%,
05/28/2027
195
175
2.90%,
08/23/2051
195
121
5.00%,
09/12/2032
90
86
Arch
Capital
Finance
LLC
5.03%,
12/15/2046
250
212
Arch
Capital
Group
US
Inc
5.14%,
11/01/2043
375
328
Athene
Holding
Ltd
4.13%,
01/12/2028
500
449
Berkshire
Hathaway
Finance
Corp
1.45%,
10/15/2030
165
126
1.85%,
03/12/2030
80
64
2.30%,
03/15/2027
195
177
2.50%,
01/15/2051
190
113
2.85%,
10/15/2050
125
80
2.88%,
03/15/2032
195
164
4.20%,
08/15/2048
285
236
4.25%,
01/15/2049
400
332
4.30%,
05/15/2043
300
256
5.75%,
01/15/2040
115
119
Berkshire
Hathaway
Inc
3.13%,
03/15/2026
350
332
4.50%,
02/11/2043
25
22
Chubb
Corp/The
6.50%,
05/15/2038
10
11
Chubb
INA
Holdings
Inc
1.38%,
09/15/2030
335
253
2.85%,
12/15/2051
100
65
3.35%,
05/03/2026
30
28
4.35%,
11/03/2045
25
21
6.70%,
05/15/2036
250
272
CNA
Financial
Corp
2.05%,
08/15/2030
165
126
Corebridge
Financial
Inc
3.50%,
04/04/2025
(h)
200
190
3.85%,
04/05/2029
(h)
200
176
3.90%,
04/05/2032
(h)
200
169
Equitable
Holdings
Inc
4.35%,
04/20/2028
605
567
Hartford
Financial
Services
Group
Inc/The
2.90%,
09/15/2051
165
101
3.60%,
08/19/2049
170
122
4.30%,
04/15/2043
250
199
Lincoln
National
Corp
4.35%,
03/01/2048
55
43
7.00%,
06/15/2040
47
49
Loews
Corp
4.13%,
05/15/2043
200
154
Manulife
Financial
Corp
5.38%,
03/04/2046
250
237
Markel
Corp
3.45%,
05/07/2052
250
166
Marsh
&
McLennan
Cos
Inc
2.38%,
12/15/2031
150
118
3.88%,
03/15/2024
500
493
4.38%,
03/15/2029
50
48
4.90%,
03/15/2049
400
355
MetLife
Inc
3.00%,
03/01/2025
300
290
3.60%,
04/10/2024
250
245
4.05%,
03/01/2045
400
312
4.60%,
05/13/2046
225
197
4.88%,
11/13/2043
20
18
5.70%,
06/15/2035
164
166
6.40%,
12/15/2066
288
278
3
Month
USD
LIBOR
+
2.21%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Insurance
(continued)
Progressive
Corp/The
3.20%,
03/26/2030
$
160
$
141
3.70%,
03/15/2052
165
124
4.35%,
04/25/2044
200
169
Prudential
Financial
Inc
2.10%,
03/10/2030
160
128
3.70%,
10/01/2050
(d)
165
130
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
3.04%
3.70%,
03/13/2051
630
463
3.91%,
12/07/2047
177
135
5.20%,
03/15/2044
(d)
350
336
3
Month
USD
LIBOR
+
3.04%
5.70%,
12/14/2036
25
25
5.70%,
09/15/2048
(d)
400
374
3
Month
USD
LIBOR
+
2.67%
Travelers
Cos
Inc/The
3.05%,
06/08/2051
270
186
4.00%,
05/30/2047
400
323
6.25%,
06/15/2037
12
13
6.75%,
06/20/2036
51
56
Trinity
Acquisition
PLC
4.40%,
03/15/2026
500
480
W
R
Berkley
Corp
4.00%,
05/12/2050
85
64
Willis
North
America
Inc
2.95%,
09/15/2029
55
45
3.60%,
05/15/2024
300
291
3.88%,
09/15/2049
165
114
XLIT
Ltd
5.25%,
12/15/2043
400
383
$
14,787
Internet
-
0
.47
%
Alibaba
Group
Holding
Ltd
2.13%,
02/09/2031
200
154
3.15%,
02/09/2051
300
175
3.40%,
12/06/2027
325
292
3.60%,
11/28/2024
300
291
4.20%,
12/06/2047
575
415
4.40%,
12/06/2057
305
219
Alphabet
Inc
0.80%,
08/15/2027
330
278
1.10%,
08/15/2030
165
128
1.90%,
08/15/2040
165
106
2.00%,
08/15/2026
30
27
2.05%,
08/15/2050
165
97
2.25%,
08/15/2060
165
93
3.38%,
02/25/2024
530
523
Amazon.com
Inc
0.45%,
05/12/2024
365
342
1.20%,
06/03/2027
465
397
1.50%,
06/03/2030
465
367
1.65%,
05/12/2028
560
476
2.10%,
05/12/2031
365
296
2.88%,
05/12/2041
365
266
3.00%,
04/13/2025
300
290
3.10%,
05/12/2051
365
255
3.15%,
08/22/2027
490
457
3.25%,
05/12/2061
385
259
3.30%,
04/13/2027
380
359
3.60%,
04/13/2032
380
345
3.80%,
12/05/2024
20
20
3.88%,
08/22/2037
340
296
3.95%,
04/13/2052
190
156
4.05%,
08/22/2047
30
25
4.80%,
12/05/2034
30
30
4.95%,
12/05/2044
240
229
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
20
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Internet
(continued)
Baidu
Inc
1.72%,
04/09/2026
$
200
$
177
2.38%,
10/09/2030
200
159
3.08%,
04/07/2025
(e)
200
190
4.13%,
06/30/2025
(e)
500
485
eBay
Inc
1.90%,
03/11/2025
160
148
2.60%,
05/10/2031
(e)
195
152
3.45%,
08/01/2024
605
589
4.00%,
07/15/2042
100
75
Expedia
Group
Inc
2.95%,
03/15/2031
195
151
Meta
Platforms
Inc
3.50%,
08/15/2027
(h)
345
323
3.85%,
08/15/2032
(h)
345
303
4.45%,
08/15/2052
(h)
300
245
$
10,660
Iron
&
Steel
-
0
.08
%
Nucor
Corp
2.00%,
06/01/2025
155
143
3.13%,
04/01/2032
195
159
4.30%,
05/23/2027
185
177
Steel
Dynamics
Inc
1.65%,
10/15/2027
85
70
2.40%,
06/15/2025
40
37
2.80%,
12/15/2024
500
478
Vale
Overseas
Ltd
6.25%,
08/10/2026
400
403
6.88%,
11/21/2036
317
301
8.25%,
01/17/2034
38
41
$
1,809
Lodging
-
0
.02
%
Marriott
International
Inc/MD
2.85%,
04/15/2031
195
153
5.00%,
10/15/2027
300
290
$
443
Machinery
-
Construction
&
Mining
-
0
.09
%
Caterpillar
Financial
Services
Corp
0.45%,
05/17/2024
195
182
0.80%,
11/13/2025
180
159
0.95%,
01/10/2024
200
192
1.10%,
09/14/2027
335
282
1.15%,
09/14/2026
195
170
3.40%,
05/13/2025
365
353
3.65%,
08/12/2025
175
170
Caterpillar
Inc
2.60%,
04/09/2030
150
128
3.25%,
09/19/2049
160
117
3.40%,
05/15/2024
30
29
3.80%,
08/15/2042
105
86
6.05%,
08/15/2036
132
142
$
2,010
Machinery
-
Diversified
-
0
.14
%
CNH
Industrial
Capital
LLC
1.45%,
07/15/2026
200
173
1.88%,
01/15/2026
165
147
Deere
&
Co
2.88%,
09/07/2049
165
115
3.10%,
04/15/2030
160
142
3.90%,
06/09/2042
30
26
5.38%,
10/16/2029
100
101
Dover
Corp
5.38%,
03/01/2041
77
70
John
Deere
Capital
Corp
0.40%,
10/10/2023
165
158
0.70%,
01/15/2026
155
136
1.05%,
06/17/2026
190
166
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Machinery
-
Diversified
(continued)
John
Deere
Capital
Corp
(continued)
1.50%,
03/06/2028
$
190
$
160
2.00%,
06/17/2031
195
154
2.05%,
01/09/2025
160
151
2.35%,
03/08/2027
195
176
2.80%,
07/18/2029
185
162
3.40%,
06/06/2025
175
169
4.15%,
09/15/2027
205
199
4.35%,
09/15/2032
120
114
Otis
Worldwide
Corp
2.06%,
04/05/2025
160
148
2.57%,
02/15/2030
160
131
3.36%,
02/15/2050
160
108
Rockwell
Automation
Inc
1.75%,
08/15/2031
135
104
2.80%,
08/15/2061
190
109
$
3,119
Media
-
0
.72
%
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
2.25%,
01/15/2029
385
301
2.30%,
02/01/2032
145
104
2.80%,
04/01/2031
405
306
3.50%,
06/01/2041
380
243
3.70%,
04/01/2051
405
245
3.85%,
04/01/2061
145
85
3.90%,
06/01/2052
195
121
4.40%,
12/01/2061
95
61
4.80%,
03/01/2050
545
393
4.91%,
07/23/2025
900
878
5.75%,
04/01/2048
605
488
6.48%,
10/23/2045
435
383
Comcast
Corp
1.50%,
02/15/2031
165
124
2.35%,
01/15/2027
60
54
2.45%,
08/15/2052
(e)
165
94
2.65%,
02/01/2030
125
105
2.65%,
08/15/2062
165
89
2.89%,
11/01/2051
1,447
906
3.15%,
03/01/2026
30
28
3.25%,
11/01/2039
245
180
3.38%,
08/15/2025
525
504
3.40%,
07/15/2046
20
14
3.45%,
02/01/2050
485
339
3.55%,
05/01/2028
125
115
3.70%,
04/15/2024
1,250
1,229
3.75%,
04/01/2040
860
676
3.90%,
03/01/2038
150
122
4.00%,
08/15/2047
30
23
4.00%,
03/01/2048
400
308
4.00%,
11/01/2049
20
15
4.15%,
10/15/2028
500
472
4.25%,
01/15/2033
120
109
5.65%,
06/15/2035
20
20
7.05%,
03/15/2033
15
16
Discovery
Communications
LLC
3.63%,
05/15/2030
180
148
3.95%,
06/15/2025
250
238
3.95%,
03/20/2028
250
219
4.00%,
09/15/2055
301
177
Fox
Corp
3.05%,
04/07/2025
40
38
5.48%,
01/25/2039
200
173
5.58%,
01/25/2049
500
428
Grupo
Televisa
SAB
4.63%,
01/30/2026
500
484
NBCUniversal
Media
LLC
4.45%,
01/15/2043
10
8
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
21
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Media
(continued)
Paramount
Global
4.00%,
01/15/2026
$
300
$
283
4.20%,
05/19/2032
200
162
4.38%,
03/15/2043
435
290
4.85%,
07/01/2042
200
146
6.88%,
04/30/2036
181
169
7.88%,
07/30/2030
178
188
Thomson
Reuters
Corp
5.85%,
04/15/2040
25
24
Time
Warner
Cable
LLC
5.50%,
09/01/2041
340
267
5.88%,
11/15/2040
20
16
6.55%,
05/01/2037
176
159
6.75%,
06/15/2039
77
69
7.30%,
07/01/2038
300
285
Time
Warner
Entertainment
Co
LP
8.38%,
07/15/2033
95
101
TWDC
Enterprises
18
Corp
3.70%,
12/01/2042
100
78
7.00%,
03/01/2032
51
57
Walt
Disney
Co/The
1.75%,
01/13/2026
315
285
2.00%,
09/01/2029
245
200
2.20%,
01/13/2028
460
401
2.65%,
01/13/2031
395
327
2.75%,
09/01/2049
325
206
3.35%,
03/24/2025
120
116
3.50%,
05/13/2040
160
124
3.60%,
01/13/2051
160
119
3.70%,
03/23/2027
120
113
4.63%,
03/23/2040
240
216
4.75%,
11/15/2046
230
204
4.95%,
10/15/2045
350
316
6.20%,
12/15/2034
154
162
6.40%,
12/15/2035
98
104
$
16,250
Metal
Fabrication
&
Hardware
-
0
.01
%
Precision
Castparts
Corp
3.25%,
06/15/2025
25
24
4.38%,
06/15/2045
250
210
$
234
Mining
-
0
.15
%
Barrick
Gold
Corp
5.25%,
04/01/2042
20
18
Barrick
North
America
Finance
LLC
5.75%,
05/01/2043
355
334
Barrick
PD
Australia
Finance
Pty
Ltd
5.95%,
10/15/2039
90
88
BHP
Billiton
Finance
USA
Ltd
4.13%,
02/24/2042
500
425
5.00%,
09/30/2043
270
256
Newmont
Corp
2.25%,
10/01/2030
610
472
2.60%,
07/15/2032
140
107
4.88%,
03/15/2042
20
17
Rio
Tinto
Alcan
Inc
6.13%,
12/15/2033
77
81
Rio
Tinto
Finance
USA
Ltd
2.75%,
11/02/2051
175
113
Rio
Tinto
Finance
USA
PLC
4.75%,
03/22/2042
328
298
Southern
Copper
Corp
5.88%,
04/23/2045
350
328
6.75%,
04/16/2040
258
266
Teck
Resources
Ltd
3.90%,
07/15/2030
(e)
695
591
$
3,394
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Miscellaneous
Manufacturers
-
0
.23
%
3M
Co
2.00%,
02/14/2025
$
130
$
122
2.38%,
08/26/2029
500
410
Eaton
Corp
3.10%,
09/15/2027
575
525
4.00%,
11/02/2032
100
89
4.15%,
03/15/2033
150
135
4.15%,
11/02/2042
50
41
GE
Capital
International
Funding
Co
Unlimited
Co
4.42%,
11/15/2035
1,081
968
General
Electric
Co
6.75%,
03/15/2032
483
522
Illinois
Tool
Works
Inc
2.65%,
11/15/2026
500
464
3.50%,
03/01/2024
350
345
Parker-Hannifin
Corp
4.25%,
09/15/2027
355
338
4.50%,
09/15/2029
355
335
Trane
Technologies
Luxembourg
Finance
SA
3.80%,
03/21/2029
600
539
4.65%,
11/01/2044
300
244
$
5,077
Oil
&
Gas
-
0
.86
%
BP
Capital
Markets
America
Inc
1.75%,
08/10/2030
460
358
2.72%,
01/12/2032
100
81
2.77%,
11/10/2050
625
388
2.94%,
06/04/2051
190
121
3.00%,
02/24/2050
160
104
3.00%,
03/17/2052
195
125
3.06%,
06/17/2041
385
274
3.54%,
04/06/2027
275
257
3.59%,
04/14/2027
30
28
BP
Capital
Markets
PLC
3.28%,
09/19/2027
175
160
3.72%,
11/28/2028
40
37
Canadian
Natural
Resources
Ltd
3.85%,
06/01/2027
655
605
4.95%,
06/01/2047
20
17
6.25%,
03/15/2038
250
241
Chevron
Corp
1.55%,
05/11/2025
85
79
2.00%,
05/11/2027
160
142
2.24%,
05/11/2030
160
134
2.95%,
05/16/2026
355
334
3.08%,
05/11/2050
160
113
Chevron
USA
Inc
0.69%,
08/12/2025
330
295
1.02%,
08/12/2027
165
138
2.34%,
08/12/2050
165
101
3.25%,
10/15/2029
325
293
ConocoPhillips
Co
2.40%,
03/07/2025
215
203
3.76%,
03/15/2042
(h)
402
324
3.80%,
03/15/2052
135
103
4.03%,
03/15/2062
(h)
169
128
4.30%,
11/15/2044
420
350
Devon
Energy
Corp
5.00%,
06/15/2045
10
8
5.60%,
07/15/2041
425
381
Diamondback
Energy
Inc
3.25%,
12/01/2026
155
143
EOG
Resources
Inc
4.15%,
01/15/2026
350
341
EQT
Corp
5.68%,
10/01/2025
(i)
315
313
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
22
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
(continued)
Equinor
ASA
1.75%,
01/22/2026
$
160
$
144
2.65%,
01/15/2024
400
389
2.88%,
04/06/2025
145
138
3.00%,
04/06/2027
345
318
3.25%,
11/18/2049
450
323
3.63%,
04/06/2040
145
116
5.10%,
08/17/2040
263
250
Exxon
Mobil
Corp
2.02%,
08/16/2024
400
381
2.28%,
08/16/2026
500
455
2.44%,
08/16/2029
150
129
2.61%,
10/15/2030
305
258
2.99%,
03/19/2025
305
293
3.00%,
08/16/2039
150
111
3.10%,
08/16/2049
450
313
3.45%,
04/15/2051
405
302
4.23%,
03/19/2040
305
265
Hess
Corp
5.60%,
02/15/2041
51
45
7.13%,
03/15/2033
221
231
7.30%,
08/15/2031
25
26
HF
Sinclair
Corp
5.88%,
04/01/2026
(h)
475
466
Marathon
Oil
Corp
6.60%,
10/01/2037
223
217
Marathon
Petroleum
Corp
3.63%,
09/15/2024
400
387
5.00%,
09/15/2054
200
161
5.13%,
12/15/2026
300
295
Phillips
66
1.30%,
02/15/2026
90
79
2.15%,
12/15/2030
410
316
3.85%,
04/09/2025
490
475
5.88%,
05/01/2042
128
124
Pioneer
Natural
Resources
Co
1.13%,
01/15/2026
190
166
1.90%,
08/15/2030
165
126
2.15%,
01/15/2031
190
146
Shell
International
Finance
BV
2.00%,
11/07/2024
155
147
2.38%,
11/07/2029
155
130
2.50%,
09/12/2026
330
301
2.75%,
04/06/2030
400
341
2.88%,
11/26/2041
380
266
3.13%,
11/07/2049
155
106
3.25%,
04/06/2050
400
281
3.63%,
08/21/2042
100
77
4.00%,
05/10/2046
245
195
4.38%,
05/11/2045
490
412
4.55%,
08/12/2043
35
30
5.50%,
03/25/2040
25
25
6.38%,
12/15/2038
43
46
Suncor
Energy
Inc
3.75%,
03/04/2051
190
133
4.00%,
11/15/2047
90
67
5.95%,
05/15/2035
400
383
6.50%,
06/15/2038
428
422
6.80%,
05/15/2038
12
12
6.85%,
06/01/2039
5
5
TotalEnergies
Capital
International
SA
2.43%,
01/10/2025
85
81
2.83%,
01/10/2030
85
73
2.99%,
06/29/2041
370
264
3.13%,
05/29/2050
510
352
3.39%,
06/29/2060
370
246
3.46%,
07/12/2049
85
62
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
(continued)
Valero
Energy
Corp
2.80%,
12/01/2031
$
395
$
314
4.00%,
06/01/2052
195
141
6.63%,
06/15/2037
234
233
7.50%,
04/15/2032
15
16
$
19,325
Oil
&
Gas
Services
-
0
.06
%
Baker
Hughes
Holdings
LLC
/
Baker
Hughes
Co-Obligor
Inc
2.06%,
12/15/2026
200
176
3.14%,
11/07/2029
155
132
3.34%,
12/15/2027
165
148
4.08%,
12/15/2047
170
126
Halliburton
Co
3.80%,
11/15/2025
24
23
4.50%,
11/15/2041
51
40
4.85%,
11/15/2035
275
240
7.45%,
09/15/2039
10
11
NOV
Inc
3.60%,
12/01/2029
155
131
3.95%,
12/01/2042
200
133
Schlumberger
Investment
SA
2.65%,
06/26/2030
165
137
$
1,297
Packaging
&
Containers
-
0
.04
%
Amcor
Flexibles
North
America
Inc
4.00%,
05/17/2025
365
352
Packaging
Corp
of
America
3.00%,
12/15/2029
310
262
3.05%,
10/01/2051
165
105
4.05%,
12/15/2049
155
116
WRKCo
Inc
3.00%,
06/15/2033
80
62
$
897
Pharmaceuticals
-
1
.44
%
AbbVie
Inc
2.60%,
11/21/2024
465
443
2.95%,
11/21/2026
310
284
3.20%,
05/14/2026
335
313
3.20%,
11/21/2029
775
678
3.80%,
03/15/2025
330
320
3.85%,
06/15/2024
245
241
4.05%,
11/21/2039
385
310
4.25%,
11/14/2028
220
207
4.25%,
11/21/2049
620
498
4.30%,
05/14/2036
170
147
4.40%,
11/06/2042
200
166
4.45%,
05/14/2046
280
228
4.50%,
05/14/2035
300
267
4.63%,
10/01/2042
100
85
4.70%,
05/14/2045
330
279
4.75%,
03/15/2045
235
202
4.88%,
11/14/2048
210
185
AmerisourceBergen
Corp
3.40%,
05/15/2024
250
245
Astrazeneca
Finance
LLC
0.70%,
05/28/2024
295
276
1.75%,
05/28/2028
195
164
2.25%,
05/28/2031
190
154
AstraZeneca
PLC
0.70%,
04/08/2026
125
108
1.38%,
08/06/2030
165
127
2.13%,
08/06/2050
85
49
3.00%,
05/28/2051
155
107
3.38%,
11/16/2025
605
577
4.00%,
09/18/2042
125
105
4.38%,
11/16/2045
185
161
4.38%,
08/17/2048
90
79
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
23
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pharmaceuticals
(continued)
AstraZeneca
PLC
(continued)
6.45%,
09/15/2037
$
164
$
177
Becton
Dickinson
and
Co
1.96%,
02/11/2031
190
147
2.82%,
05/20/2030
160
134
3.36%,
06/06/2024
10
10
3.70%,
06/06/2027
900
838
3.73%,
12/15/2024
54
52
4.67%,
06/06/2047
35
30
4.69%,
12/15/2044
196
167
Bristol-Myers
Squibb
Co
0.75%,
11/13/2025
180
160
1.13%,
11/13/2027
315
263
1.45%,
11/13/2030
180
139
2.55%,
11/13/2050
180
111
2.90%,
07/26/2024
389
377
2.95%,
03/15/2032
500
427
3.25%,
08/01/2042
300
223
3.40%,
07/26/2029
167
151
3.55%,
03/15/2042
500
391
3.70%,
03/15/2052
600
459
3.90%,
02/20/2028
185
176
4.13%,
06/15/2039
230
201
4.25%,
10/26/2049
430
360
4.35%,
11/15/2047
150
128
4.55%,
02/20/2048
144
127
Cardinal
Health
Inc
3.08%,
06/15/2024
50
48
3.41%,
06/15/2027
200
185
4.60%,
03/15/2043
100
79
Cigna
Corp
0.61%,
03/15/2024
90
85
1.25%,
03/15/2026
370
324
2.40%,
03/15/2030
860
700
3.20%,
03/15/2040
160
115
3.40%,
03/15/2051
185
126
4.13%,
11/15/2025
270
262
4.38%,
10/15/2028
750
708
4.80%,
08/15/2038
400
354
4.80%,
07/15/2046
25
21
4.90%,
12/15/2048
360
311
6.13%,
11/15/2041
16
16
CVS
Health
Corp
1.30%,
08/21/2027
165
137
1.75%,
08/21/2030
165
126
1.88%,
02/28/2031
185
141
2.63%,
08/15/2024
420
403
2.70%,
08/21/2040
750
492
3.00%,
08/15/2026
375
346
3.25%,
08/15/2029
170
149
4.30%,
03/25/2028
219
207
4.78%,
03/25/2038
485
425
5.05%,
03/25/2048
980
863
5.13%,
07/20/2045
370
324
5.30%,
12/05/2043
25
23
Eli
Lilly
&
Co
3.95%,
03/15/2049
400
345
GlaxoSmithKline
Capital
Inc
3.63%,
05/15/2025
600
584
3.88%,
05/15/2028
545
512
5.38%,
04/15/2034
500
499
GlaxoSmithKline
Capital
PLC
0.53%,
10/01/2023
165
158
Johnson
&
Johnson
0.55%,
09/01/2025
370
330
0.95%,
09/01/2027
370
313
2.10%,
09/01/2040
370
246
2.45%,
03/01/2026
30
28
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pharmaceuticals
(continued)
Johnson
&
Johnson
(continued)
3.50%,
01/15/2048
$
90
$
71
3.63%,
03/03/2037
20
17
3.70%,
03/01/2046
225
184
3.75%,
03/03/2047
30
25
4.95%,
05/15/2033
201
203
McKesson
Corp
0.90%,
12/03/2025
185
162
Mead
Johnson
Nutrition
Co
4.60%,
06/01/2044
250
223
Merck
&
Co
Inc
0.75%,
02/24/2026
80
70
1.45%,
06/24/2030
365
285
1.70%,
06/10/2027
340
297
1.90%,
12/10/2028
190
159
2.15%,
12/10/2031
380
306
2.35%,
06/24/2040
285
191
2.75%,
02/10/2025
385
369
2.75%,
12/10/2051
235
153
3.60%,
09/15/2042
100
79
3.70%,
02/10/2045
10
8
3.90%,
03/07/2039
115
98
4.00%,
03/07/2049
170
140
4.15%,
05/18/2043
200
170
Novartis
Capital
Corp
1.75%,
02/14/2025
325
305
2.00%,
02/14/2027
325
292
2.20%,
08/14/2030
160
133
2.75%,
08/14/2050
160
108
3.00%,
11/20/2025
500
475
4.40%,
05/06/2044
350
314
Pfizer
Inc
0.80%,
05/28/2025
445
404
1.70%,
05/28/2030
195
156
1.75%,
08/18/2031
155
121
2.55%,
05/28/2040
450
317
2.63%,
04/01/2030
160
137
2.70%,
05/28/2050
190
128
3.45%,
03/15/2029
210
193
4.00%,
03/15/2049
140
120
4.40%,
05/15/2044
30
27
5.60%,
09/15/2040
380
387
7.20%,
03/15/2039
176
209
Sanofi
3.63%,
06/19/2028
400
372
Shire
Acquisitions
Investments
Ireland
DAC
3.20%,
09/23/2026
525
484
Takeda
Pharmaceutical
Co
Ltd
2.05%,
03/31/2030
405
320
3.18%,
07/09/2050
405
269
Utah
Acquisition
Sub
Inc
3.95%,
06/15/2026
595
542
5.25%,
06/15/2046
170
120
Viatris
Inc
2.30%,
06/22/2027
120
98
2.70%,
06/22/2030
160
119
3.85%,
06/22/2040
120
75
4.00%,
06/22/2050
160
96
Wyeth
LLC
5.95%,
04/01/2037
91
96
6.50%,
02/01/2034
144
158
Zoetis
Inc
2.00%,
05/15/2030
350
278
3.00%,
05/15/2050
175
115
3.95%,
09/12/2047
5
4
$
32,420
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
24
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
-
0
.81
%
Cheniere
Corpus
Christi
Holdings
LLC
3.70%,
11/15/2029
$
310
$
269
Eastern
Gas
Transmission
&
Storage
Inc
4.80%,
11/01/2043
300
250
Enbridge
Energy
Partners
LP
7.38%,
10/15/2045
100
109
Enbridge
Inc
1.60%,
10/04/2026
60
52
2.50%,
01/15/2025
155
146
2.50%,
08/01/2033
390
292
3.13%,
11/15/2029
155
133
3.40%,
08/01/2051
390
261
5.50%,
12/01/2046
30
28
Energy
Transfer
LP
2.90%,
05/15/2025
315
294
3.75%,
05/15/2030
160
135
4.75%,
01/15/2026
50
48
4.95%,
01/15/2043
200
154
5.00%,
05/15/2044
500
386
5.15%,
03/15/2045
400
315
5.25%,
04/15/2029
400
376
5.30%,
04/15/2047
15
12
5.35%,
05/15/2045
15
12
6.13%,
12/15/2045
525
460
6.25%,
04/15/2049
500
444
6.50%,
02/01/2042
402
374
Enterprise
Products
Operating
LLC
2.80%,
01/31/2030
120
100
3.30%,
02/15/2053
65
42
3.70%,
02/15/2026
525
501
3.70%,
01/31/2051
250
176
3.75%,
02/15/2025
500
484
3.90%,
02/15/2024
250
246
4.25%,
02/15/2048
155
120
4.85%,
08/15/2042
300
254
4.85%,
03/15/2044
430
361
4.90%,
05/15/2046
400
340
6.13%,
10/15/2039
123
120
6.45%,
09/01/2040
177
178
6.88%,
03/01/2033
15
16
Kinder
Morgan
Energy
Partners
LP
4.70%,
11/01/2042
200
156
5.00%,
03/01/2043
100
80
5.40%,
09/01/2044
400
339
6.38%,
03/01/2041
128
119
6.50%,
09/01/2039
112
106
6.95%,
01/15/2038
112
111
7.40%,
03/15/2031
177
185
Kinder
Morgan
Inc
1.75%,
11/15/2026
190
165
2.00%,
02/15/2031
310
231
3.25%,
08/01/2050
310
195
3.60%,
02/15/2051
155
100
4.30%,
06/01/2025
55
54
5.05%,
02/15/2046
15
12
5.55%,
06/01/2045
50
44
MPLX
LP
1.75%,
03/01/2026
165
144
4.13%,
03/01/2027
425
396
4.25%,
12/01/2027
400
372
4.50%,
04/15/2038
220
177
4.70%,
04/15/2048
185
141
4.88%,
12/01/2024
30
30
4.90%,
04/15/2058
60
45
5.20%,
03/01/2047
330
271
5.20%,
12/01/2047
200
162
5.50%,
02/15/2049
170
144
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pipelines
(continued)
ONEOK
Inc
2.20%,
09/15/2025
$
160
$
145
2.75%,
09/01/2024
175
166
3.40%,
09/01/2029
100
84
4.45%,
09/01/2049
500
358
Plains
All
American
Pipeline
LP
/
PAA
Finance
Corp
4.30%,
01/31/2043
200
135
4.50%,
12/15/2026
300
284
4.65%,
10/15/2025
15
14
Sabine
Pass
Liquefaction
LLC
5.00%,
03/15/2027
360
345
5.63%,
03/01/2025
390
390
5.75%,
05/15/2024
300
301
5.88%,
06/30/2026
345
345
Spectra
Energy
Partners
LP
5.95%,
09/25/2043
200
191
Targa
Resources
Corp
5.20%,
07/01/2027
355
342
Texas
Eastern
Transmission
LP
7.00%,
07/15/2032
100
106
TransCanada
PipeLines
Ltd
2.50%,
10/12/2031
195
150
4.25%,
05/15/2028
300
278
4.75%,
05/15/2038
300
261
4.88%,
05/15/2048
420
362
5.60%,
03/31/2034
300
284
6.10%,
06/01/2040
25
24
7.25%,
08/15/2038
51
55
Williams
Cos
Inc/The
2.60%,
03/15/2031
1,090
855
3.50%,
10/15/2051
195
130
3.75%,
06/15/2027
400
369
3.90%,
01/15/2025
350
339
5.10%,
09/15/2045
180
152
5.30%,
08/15/2052
175
152
6.30%,
04/15/2040
343
334
$
18,218
Private
Equity
-
0
.01
%
Brookfield
Asset
Management
Inc
4.00%,
01/15/2025
300
292
Regional
Authority
-
0
.29
%
Province
of
Alberta
Canada
1.00%,
05/20/2025
555
507
1.30%,
07/22/2030
300
238
3.30%,
03/15/2028
570
537
Province
of
British
Columbia
Canada
0.90%,
07/20/2026
585
512
1.30%,
01/29/2031
185
146
6.50%,
01/15/2026
18
19
Province
of
Manitoba
Canada
1.50%,
10/25/2028
190
160
3.05%,
05/14/2024
500
489
Province
of
Ontario
Canada
0.63%,
01/21/2026
(e)
495
435
1.05%,
04/14/2026
(e)
380
337
1.13%,
10/07/2030
625
486
2.13%,
01/21/2032
420
347
3.10%,
05/19/2027
310
292
3.20%,
05/16/2024
250
245
3.40%,
10/17/2023
305
302
Province
of
Quebec
Canada
0.60%,
07/23/2025
650
584
1.35%,
05/28/2030
760
611
1.50%,
02/11/2025
295
275
7.50%,
09/15/2029
64
76
$
6,598
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
25
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
REITs
-
0
.97
%
Alexandria
Real
Estate
Equities
Inc
1.88%,
02/01/2033
$
250
$
176
2.75%,
12/15/2029
80
66
2.95%,
03/15/2034
195
151
3.00%,
05/18/2051
190
115
3.38%,
08/15/2031
115
96
4.00%,
02/01/2050
85
63
4.90%,
12/15/2030
80
76
American
Tower
Corp
0.60%,
01/15/2024
360
340
1.30%,
09/15/2025
80
71
1.60%,
04/15/2026
190
166
1.88%,
10/15/2030
165
122
2.90%,
01/15/2030
160
131
2.95%,
01/15/2051
180
108
3.38%,
10/15/2026
500
457
3.65%,
03/15/2027
200
183
3.70%,
10/15/2049
165
113
AvalonBay
Communities
Inc
1.90%,
12/01/2028
200
164
2.05%,
01/15/2032
(e)
195
151
2.30%,
03/01/2030
160
132
4.20%,
12/15/2023
400
397
Boston
Properties
LP
2.55%,
04/01/2032
155
114
2.75%,
10/01/2026
550
495
2.90%,
03/15/2030
415
334
Brixmor
Operating
Partnership
LP
3.85%,
02/01/2025
300
288
Corporate
Office
Properties
LP
2.75%,
04/15/2031
195
143
Crown
Castle
Inc
1.05%,
07/15/2026
380
321
1.35%,
07/15/2025
195
175
2.50%,
07/15/2031
190
146
2.90%,
04/01/2041
190
123
3.10%,
11/15/2029
150
126
3.20%,
09/01/2024
250
242
3.25%,
01/15/2051
370
234
3.30%,
07/01/2030
155
130
4.00%,
11/15/2049
110
80
CubeSmart
LP
2.00%,
02/15/2031
125
94
2.25%,
12/15/2028
200
162
Digital
Realty
Trust
LP
4.45%,
07/15/2028
250
234
5.55%,
01/15/2028
120
119
Duke
Realty
LP
1.75%,
07/01/2030
160
125
2.25%,
01/15/2032
195
152
2.88%,
11/15/2029
75
64
4.00%,
09/15/2028
400
370
Equinix
Inc
1.00%,
09/15/2025
165
146
1.25%,
07/15/2025
160
143
1.80%,
07/15/2027
160
134
2.50%,
05/15/2031
195
150
2.63%,
11/18/2024
155
147
3.20%,
11/18/2029
260
220
3.40%,
02/15/2052
195
128
ERP
Operating
LP
1.85%,
08/01/2031
385
294
2.50%,
02/15/2030
125
103
Essex
Portfolio
LP
1.70%,
03/01/2028
190
154
3.00%,
01/15/2030
170
141
4.00%,
03/01/2029
300
272
4.50%,
03/15/2048
300
241
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
REITs
(continued)
Federal
Realty
Investment
Trust
1.25%,
02/15/2026
$
170
$
150
4.50%,
12/01/2044
250
197
GLP
Capital
LP
/
GLP
Financing
II
Inc
4.00%,
01/15/2030
170
142
5.38%,
04/15/2026
300
287
Healthcare
Realty
Holdings
LP
2.00%,
03/15/2031
170
125
Healthpeak
Properties
Inc
2.13%,
12/01/2028
165
135
3.00%,
01/15/2030
150
125
3.40%,
02/01/2025
19
18
6.75%,
02/01/2041
300
307
Kilroy
Realty
LP
2.50%,
11/15/2032
165
119
Kimco
Realty
Corp
2.25%,
12/01/2031
195
146
2.70%,
10/01/2030
165
133
3.70%,
10/01/2049
330
227
4.60%,
02/01/2033
175
158
Life
Storage
LP
2.20%,
10/15/2030
85
65
2.40%,
10/15/2031
195
146
Mid-America
Apartments
LP
1.70%,
02/15/2031
125
94
4.00%,
11/15/2025
500
483
National
Retail
Properties
Inc
4.80%,
10/15/2048
200
166
Omega
Healthcare
Investors
Inc
4.50%,
01/15/2025
300
292
4.95%,
04/01/2024
750
742
Prologis
LP
1.25%,
10/15/2030
165
123
2.13%,
04/15/2027
145
129
2.25%,
04/15/2030
140
114
3.00%,
04/15/2050
110
73
3.88%,
09/15/2028
250
233
4.63%,
01/15/2033
80
76
Public
Storage
0.88%,
02/15/2026
145
127
1.85%,
05/01/2028
380
320
2.25%,
11/09/2031
200
157
Realty
Income
Corp
0.75%,
03/15/2026
430
370
2.20%,
06/15/2028
180
152
3.10%,
12/15/2029
375
322
3.25%,
01/15/2031
165
141
Simon
Property
Group
LP
1.75%,
02/01/2028
190
157
2.00%,
09/13/2024
915
864
2.45%,
09/13/2029
140
114
2.65%,
02/01/2032
200
156
3.25%,
11/30/2026
500
462
3.25%,
09/13/2049
140
91
3.50%,
09/01/2025
165
158
4.25%,
11/30/2046
130
102
6.75%,
02/01/2040
25
26
Spirit
Realty
LP
2.10%,
03/15/2028
190
151
UDR
Inc
2.10%,
08/01/2032
565
408
3.20%,
01/15/2030
165
139
Ventas
Realty
LP
3.00%,
01/15/2030
200
166
3.50%,
04/15/2024
300
292
5.70%,
09/30/2043
300
272
VICI
Properties
LP
4.38%,
05/15/2025
585
557
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
26
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
REITs
(continued)
Welltower
Inc
2.75%,
01/15/2032
$
195
$
151
3.63%,
03/15/2024
600
586
4.13%,
03/15/2029
300
272
Weyerhaeuser
Co
7.38%,
03/15/2032
85
92
WP
Carey
Inc
2.40%,
02/01/2031
85
65
$
21,697
Retail
-
0
.70
%
AutoZone
Inc
1.65%,
01/15/2031
165
123
3.75%,
06/01/2027
250
235
Costco
Wholesale
Corp
1.38%,
06/20/2027
155
134
1.60%,
04/20/2030
155
124
1.75%,
04/20/2032
155
119
2.75%,
05/18/2024
50
49
3.00%,
05/18/2027
150
140
Dollar
General
Corp
4.15%,
11/01/2025
500
485
Dollar
Tree
Inc
4.20%,
05/15/2028
185
172
Home
Depot
Inc/The
0.90%,
03/15/2028
190
154
1.88%,
09/15/2031
195
151
2.13%,
09/15/2026
250
227
2.38%,
03/15/2051
190
111
2.70%,
04/15/2025
195
186
2.75%,
09/15/2051
195
124
2.88%,
04/15/2027
195
180
2.95%,
06/15/2029
435
386
3.50%,
09/15/2056
305
215
3.90%,
06/15/2047
30
24
4.00%,
09/15/2025
325
320
4.20%,
04/01/2043
520
436
4.25%,
04/01/2046
340
287
4.40%,
03/15/2045
320
272
4.95%,
09/15/2052
160
150
5.95%,
04/01/2041
351
365
Kohl's
Corp
5.55%,
07/17/2045
250
150
Lowe's
Cos
Inc
1.30%,
04/15/2028
165
133
1.70%,
10/15/2030
165
124
3.00%,
10/15/2050
50
31
3.10%,
05/03/2027
250
229
3.65%,
04/05/2029
250
225
3.70%,
04/15/2046
40
29
3.75%,
04/01/2032
195
169
4.00%,
04/15/2025
160
157
4.05%,
05/03/2047
30
23
4.25%,
04/01/2052
195
149
4.38%,
09/15/2045
500
396
4.40%,
09/08/2025
160
158
5.00%,
04/15/2033
160
151
5.00%,
04/15/2040
160
142
5.63%,
04/15/2053
160
148
McDonald's
Corp
1.45%,
09/01/2025
160
146
2.13%,
03/01/2030
160
130
2.63%,
09/01/2029
415
354
3.38%,
05/26/2025
500
480
3.50%,
07/01/2027
325
303
3.63%,
09/01/2049
115
84
3.70%,
02/15/2042
128
97
4.70%,
12/09/2035
25
23
4.88%,
07/15/2040
9
8
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Retail
(continued)
McDonald’s
Corp
(continued)
4.88%,
12/09/2045
$
250
$
221
5.15%,
09/09/2052
325
302
6.30%,
10/15/2037
262
271
O'Reilly
Automotive
Inc
1.75%,
03/15/2031
85
64
4.35%,
06/01/2028
300
286
Starbucks
Corp
2.00%,
03/12/2027
160
140
3.00%,
02/14/2032
135
112
3.55%,
08/15/2029
500
454
3.85%,
10/01/2023
530
527
4.45%,
08/15/2049
300
245
Target
Corp
1.95%,
01/15/2027
150
135
2.35%,
02/15/2030
320
267
2.50%,
04/15/2026
500
464
2.95%,
01/15/2052
175
118
4.50%,
09/15/2032
245
234
TJX
Cos
Inc/The
1.60%,
05/15/2031
130
98
Walgreens
Boots
Alliance
Inc
3.45%,
06/01/2026
148
139
Walmart
Inc
1.05%,
09/17/2026
185
161
1.50%,
09/22/2028
185
155
1.80%,
09/22/2031
195
155
2.50%,
09/22/2041
195
136
2.65%,
09/22/2051
185
124
2.95%,
09/24/2049
245
176
3.90%,
09/09/2025
160
157
3.95%,
06/28/2038
185
165
4.15%,
09/09/2032
660
632
4.50%,
09/09/2052
660
619
$
15,765
Semiconductors
-
0
.63
%
Analog
Devices
Inc
2.10%,
10/01/2031
135
107
2.80%,
10/01/2041
195
138
Applied
Materials
Inc
1.75%,
06/01/2030
160
126
3.30%,
04/01/2027
35
33
3.90%,
10/01/2025
500
489
4.35%,
04/01/2047
40
35
5.10%,
10/01/2035
250
244
Broadcom
Corp
/
Broadcom
Cayman
Finance
Ltd
3.88%,
01/15/2027
910
837
Broadcom
Inc
1.95%,
02/15/2028
(h)
150
123
2.60%,
02/15/2033
(h)
405
289
3.14%,
11/15/2035
(h)
640
448
3.19%,
11/15/2036
(h)
14
10
3.42%,
04/15/2033
(h)
460
351
3.47%,
04/15/2034
(h)
350
263
3.50%,
02/15/2041
(h)
200
135
3.75%,
02/15/2051
(h)
50
33
4.15%,
11/15/2030
271
235
4.30%,
11/15/2032
185
155
4.75%,
04/15/2029
730
681
Intel
Corp
2.00%,
08/12/2031
(e)
190
147
2.45%,
11/15/2029
310
259
3.05%,
08/12/2051
190
122
3.15%,
05/11/2027
540
502
3.20%,
08/12/2061
190
118
3.25%,
11/15/2049
315
209
3.40%,
03/25/2025
(e)
160
155
3.73%,
12/08/2047
240
178
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
27
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Semiconductors
(continued)
Intel
Corp
(continued)
3.75%,
03/25/2027
$
160
$
153
3.75%,
08/05/2027
175
166
4.00%,
08/05/2029
705
656
4.00%,
12/15/2032
200
180
4.15%,
08/05/2032
175
159
4.25%,
12/15/2042
200
165
4.60%,
03/25/2040
160
140
4.80%,
10/01/2041
77
69
4.90%,
07/29/2045
25
22
KLA
Corp
4.65%,
11/01/2024
145
144
4.95%,
07/15/2052
355
322
Lam
Research
Corp
1.90%,
06/15/2030
155
123
2.88%,
06/15/2050
235
153
Marvell
Technology
Inc
2.45%,
04/15/2028
380
314
4.88%,
06/22/2028
300
281
Micron
Technology
Inc
2.70%,
04/15/2032
290
211
4.19%,
02/15/2027
115
107
4.66%,
02/15/2030
115
102
NVIDIA
Corp
0.58%,
06/14/2024
385
360
1.55%,
06/15/2028
190
158
2.00%,
06/15/2031
385
303
NXP
BV
/
NXP
Funding
LLC
/
NXP
USA
Inc
2.50%,
05/11/2031
385
289
3.13%,
02/15/2042
195
124
3.15%,
05/01/2027
80
71
3.25%,
05/11/2041
195
128
4.40%,
06/01/2027
220
208
QUALCOMM
Inc
1.30%,
05/20/2028
411
339
1.65%,
05/20/2032
340
255
3.25%,
05/20/2027
320
300
4.65%,
05/20/2035
115
108
4.80%,
05/20/2045
425
384
Texas
Instruments
Inc
1.13%,
09/15/2026
195
171
1.38%,
03/12/2025
160
149
1.75%,
05/04/2030
245
196
1.90%,
09/15/2031
195
154
4.15%,
05/15/2048
205
175
TSMC
Arizona
Corp
3.88%,
04/22/2027
200
191
4.25%,
04/22/2032
(e)
200
184
$
14,136
Software
-
0
.59
%
Activision
Blizzard
Inc
1.35%,
09/15/2030
85
65
2.50%,
09/15/2050
790
477
Adobe
Inc
1.90%,
02/01/2025
315
296
2.30%,
02/01/2030
160
133
Electronic
Arts
Inc
1.85%,
02/15/2031
190
146
Fidelity
National
Information
Services
Inc
0.60%,
03/01/2024
90
84
1.65%,
03/01/2028
180
148
3.10%,
03/01/2041
90
60
4.50%,
07/15/2025
130
127
5.10%,
07/15/2032
130
122
Fiserv
Inc
3.50%,
07/01/2029
310
270
3.80%,
10/01/2023
400
396
3.85%,
06/01/2025
300
288
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Software
(continued)
Microsoft
Corp
2.40%,
08/08/2026
$
55
$
51
2.53%,
06/01/2050
792
517
2.68%,
06/01/2060
1,209
760
3.13%,
11/03/2025
700
672
3.30%,
02/06/2027
200
191
3.45%,
08/08/2036
358
313
3.63%,
12/15/2023
30
30
Oracle
Corp
2.30%,
03/25/2028
385
322
2.50%,
04/01/2025
150
140
2.65%,
07/15/2026
700
630
2.80%,
04/01/2027
850
750
2.88%,
03/25/2031
385
304
2.95%,
04/01/2030
150
121
3.60%,
04/01/2040
150
102
3.60%,
04/01/2050
150
94
3.65%,
03/25/2041
385
262
3.80%,
11/15/2037
250
181
3.90%,
05/15/2035
600
460
3.95%,
03/25/2051
385
255
4.00%,
07/15/2046
780
527
4.10%,
03/25/2061
190
120
4.30%,
07/08/2034
1,015
827
4.38%,
05/15/2055
610
418
Roper
Technologies
Inc
1.00%,
09/15/2025
85
75
1.40%,
09/15/2027
165
137
2.35%,
09/15/2024
110
105
2.95%,
09/15/2029
95
80
Salesforce
Inc
1.95%,
07/15/2031
190
150
2.70%,
07/15/2041
385
265
2.90%,
07/15/2051
385
254
ServiceNow
Inc
1.40%,
09/01/2030
165
121
Take-Two
Interactive
Software
Inc
3.55%,
04/14/2025
340
326
VMware
Inc
1.40%,
08/15/2026
570
487
1.80%,
08/15/2028
285
226
2.20%,
08/15/2031
385
280
$
13,165
Sovereign
-
1
.44
%
Canada
Government
International
Bond
0.75%,
05/19/2026
(e)
390
343
1.63%,
01/22/2025
865
814
2.88%,
04/28/2025
(e)
430
414
Chile
Government
International
Bond
2.45%,
01/31/2031
(e)
535
428
2.55%,
01/27/2032
475
373
2.75%,
01/31/2027
200
180
3.10%,
05/07/2041
500
339
3.13%,
03/27/2025
250
239
3.50%,
04/15/2053
200
132
3.86%,
06/21/2047
300
220
4.00%,
01/31/2052
200
146
Export
Development
Canada
3.38%,
08/26/2025
250
243
Export-Import
Bank
of
Korea
0.38%,
02/09/2024
200
189
1.25%,
01/18/2025
200
185
1.38%,
02/09/2031
200
156
2.13%,
01/18/2032
200
161
3.25%,
11/10/2025
500
479
3.25%,
08/12/2026
500
476
4.25%,
09/15/2027
200
194
4.50%,
09/15/2032
200
194
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
28
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Sovereign
(continued)
Indonesia
Government
International
Bond
2.15%,
07/28/2031
$
400
$
312
2.85%,
02/14/2030
800
685
3.05%,
03/12/2051
(e)
400
265
3.50%,
01/11/2028
200
181
3.70%,
10/30/2049
200
141
4.15%,
09/20/2027
200
190
4.20%,
10/15/2050
500
379
4.65%,
09/20/2032
335
314
4.75%,
02/11/2029
200
193
Israel
Government
AID
Bond
5.50%,
04/26/2024
125
127
5.50%,
09/18/2033
12
13
Israel
Government
International
Bond
3.88%,
07/03/2050
400
322
4.50%,
01/30/2043
400
367
Japan
Bank
for
International
Cooperation
0.50%,
04/15/2024
200
188
1.25%,
01/21/2031
400
314
1.88%,
04/15/2031
200
164
2.00%,
10/17/2029
200
170
2.13%,
02/16/2029
400
345
2.25%,
11/04/2026
400
365
2.38%,
04/20/2026
300
278
2.88%,
04/14/2025
400
383
3.00%,
05/29/2024
1,000
975
3.88%,
09/16/2025
300
293
Korea
International
Bond
1.00%,
09/16/2030
200
157
3.88%,
09/20/2048
500
450
Mexico
Government
International
Bond
2.66%,
05/24/2031
400
307
3.25%,
04/16/2030
(e)
200
167
3.50%,
02/12/2034
600
456
3.75%,
01/11/2028
250
229
3.75%,
04/19/2071
400
232
3.77%,
05/24/2061
200
118
3.90%,
04/27/2025
(e)
600
589
4.50%,
04/22/2029
300
277
4.50%,
01/31/2050
800
574
4.60%,
02/10/2048
700
510
4.75%,
03/08/2044
506
388
5.55%,
01/21/2045
300
257
6.05%,
01/11/2040
464
429
Panama
Government
International
Bond
2.25%,
09/29/2032
200
141
3.30%,
01/19/2033
(e)
200
154
3.75%,
03/16/2025
800
769
3.87%,
07/23/2060
340
202
3.88%,
03/17/2028
500
454
4.30%,
04/29/2053
400
267
4.50%,
05/15/2047
200
142
4.50%,
04/16/2050
400
279
6.70%,
01/26/2036
224
220
Peruvian
Government
International
Bond
1.86%,
12/01/2032
780
547
2.78%,
01/23/2031
145
115
2.78%,
12/01/2060
180
98
3.30%,
03/11/2041
340
234
3.55%,
03/10/2051
(e)
200
134
5.63%,
11/18/2050
528
497
6.55%,
03/14/2037
126
129
7.35%,
07/21/2025
180
189
8.75%,
11/21/2033
192
231
Philippine
Government
International
Bond
2.46%,
05/05/2030
500
414
2.65%,
12/10/2045
400
247
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Sovereign
(continued)
Philippine
Government
International
Bond
(continued)
2.95%,
05/05/2045
$
200
$
129
3.00%,
02/01/2028
300
273
3.20%,
07/06/2046
200
133
3.70%,
03/01/2041
200
153
3.70%,
02/02/2042
230
175
5.00%,
01/13/2037
300
281
6.38%,
10/23/2034
210
219
9.50%,
02/02/2030
400
495
10.63%,
03/16/2025
400
452
Republic
of
Italy
Government
International
Bond
0.88%,
05/06/2024
200
186
1.25%,
02/17/2026
400
342
2.38%,
10/17/2024
200
187
2.88%,
10/17/2029
200
163
3.88%,
05/06/2051
600
404
5.38%,
06/15/2033
420
393
State
of
Israel
2.50%,
01/15/2030
200
174
3.38%,
01/15/2050
400
296
Svensk
Exportkredit
AB
0.38%,
03/11/2024
200
189
0.50%,
08/26/2025
835
745
3.63%,
09/03/2024
200
197
Tennessee
Valley
Authority
2.88%,
02/01/2027
250
238
3.50%,
12/15/2042
400
336
4.25%,
09/15/2065
200
178
4.63%,
09/15/2060
300
293
5.25%,
09/15/2039
251
267
5.38%,
04/01/2056
154
167
5.88%,
04/01/2036
300
335
6.75%,
11/01/2025
102
109
Uruguay
Government
International
Bond
4.13%,
11/20/2045
100
86
4.38%,
10/27/2027
390
385
4.98%,
04/20/2055
210
187
5.10%,
06/18/2050
725
663
$
32,302
Supranational
Bank
-
1
.47
%
African
Development
Bank
0.88%,
03/23/2026
345
306
0.88%,
07/22/2026
385
339
Asian
Development
Bank
0.25%,
10/06/2023
490
471
0.38%,
06/11/2024
385
360
0.38%,
09/03/2025
325
289
0.50%,
02/04/2026
400
352
1.00%,
04/14/2026
380
339
1.25%,
06/09/2028
100
85
1.50%,
01/20/2027
400
358
1.50%,
03/04/2031
195
160
1.75%,
09/19/2029
325
279
1.88%,
03/15/2029
390
341
2.13%,
03/19/2025
300
284
2.63%,
01/30/2024
1,500
1,467
2.75%,
01/19/2028
250
232
2.88%,
05/06/2025
340
327
3.13%,
08/20/2027
405
386
3.13%,
04/27/2032
340
316
3.88%,
09/28/2032
100
98
4.13%,
09/27/2024
315
313
5.82%,
06/16/2028
15
16
6.38%,
10/01/2028
51
56
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
29
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Supranational
Bank
(continued)
Asian
Infrastructure
Investment
Bank/The
2.25%,
05/16/2024
$
900
$
869
3.38%,
06/29/2025
355
345
3.75%,
09/14/2027
325
315
Council
Of
Europe
Development
Bank
0.38%,
06/10/2024
385
360
1.38%,
02/27/2025
320
298
European
Bank
for
Reconstruction
&
Development
0.50%,
11/25/2025
385
341
0.50%,
01/28/2026
380
334
1.63%,
09/27/2024
650
616
European
Investment
Bank
0.38%,
07/24/2024
(e)
475
443
0.38%,
12/15/2025
340
300
0.38%,
03/26/2026
480
419
0.63%,
10/21/2027
285
239
0.75%,
10/26/2026
190
165
1.25%,
02/14/2031
(e)
355
288
1.38%,
03/15/2027
400
354
1.63%,
03/14/2025
315
295
1.63%,
05/13/2031
395
330
1.75%,
03/15/2029
(e)
200
174
1.88%,
02/10/2025
600
567
2.25%,
06/24/2024
500
483
2.38%,
05/24/2027
300
277
2.63%,
03/15/2024
1,000
976
3.25%,
01/29/2024
850
838
3.25%,
11/15/2027
(e)
325
311
FMS
Wertmanagement
2.75%,
01/30/2024
500
490
Inter-American
Development
Bank
0.25%,
11/15/2023
325
311
0.50%,
09/23/2024
610
566
0.63%,
09/16/2027
340
286
0.88%,
04/20/2026
425
377
1.13%,
07/20/2028
385
324
1.13%,
01/13/2031
385
307
1.50%,
01/13/2027
400
358
1.75%,
03/14/2025
585
549
2.38%,
07/07/2027
500
460
3.00%,
10/04/2023
700
692
3.00%,
02/21/2024
250
246
3.13%,
09/18/2028
500
471
3.50%,
09/14/2029
320
307
4.38%,
01/24/2044
50
50
International
Bank
for
Reconstruction
&
Development
0.25%,
11/24/2023
180
172
0.50%,
10/28/2025
905
805
0.75%,
11/24/2027
365
307
0.75%,
08/26/2030
385
298
0.88%,
07/15/2026
580
510
1.25%,
02/10/2031
385
310
1.38%,
04/20/2028
930
799
1.63%,
01/15/2025
475
447
1.63%,
11/03/2031
385
316
1.75%,
10/23/2029
680
584
2.50%,
03/19/2024
800
779
2.50%,
11/25/2024
500
482
2.50%,
07/29/2025
850
808
2.50%,
03/29/2032
355
313
3.13%,
06/15/2027
345
329
3.63%,
09/21/2029
315
306
International
Finance
Corp
0.38%,
07/16/2025
1,080
968
3.63%,
09/15/2025
150
147
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Supranational
Bank
(continued)
Nordic
Investment
Bank
0.38%,
09/11/2025
$
255
$
227
0.50%,
01/21/2026
(e)
400
355
2.25%,
05/21/2024
500
484
3.38%,
09/08/2027
325
314
$
32,965
Telecommunications
-
1
.09
%
America
Movil
SAB
de
CV
4.38%,
04/22/2049
(e)
250
205
6.13%,
03/30/2040
102
101
6.38%,
03/01/2035
200
209
AT&T
Inc
0.90%,
03/25/2024
385
364
1.65%,
02/01/2028
330
271
1.70%,
03/25/2026
135
120
2.25%,
02/01/2032
240
181
2.30%,
06/01/2027
465
406
2.75%,
06/01/2031
310
248
2.95%,
07/15/2026
20
18
3.10%,
02/01/2043
240
159
3.50%,
06/01/2041
310
223
3.50%,
09/15/2053
904
602
3.55%,
09/15/2055
1,198
787
3.65%,
06/01/2051
755
510
3.65%,
09/15/2059
1,057
685
3.80%,
02/15/2027
40
38
4.10%,
02/15/2028
81
75
4.25%,
03/01/2027
230
221
4.30%,
12/15/2042
221
174
4.35%,
03/01/2029
500
467
4.35%,
06/15/2045
260
201
4.50%,
03/09/2048
490
387
Bell
Telephone
Co
of
Canada
or
Bell
Canada/The
3.65%,
03/17/2051
190
134
British
Telecommunications
PLC
9.62%,
12/15/2030
577
667
Cisco
Systems
Inc
2.50%,
09/20/2026
580
539
5.50%,
01/15/2040
600
596
Corning
Inc
4.38%,
11/15/2057
300
223
4.75%,
03/15/2042
102
88
Deutsche
Telekom
International
Finance
BV
8.75%,
06/15/2030
641
734
Juniper
Networks
Inc
2.00%,
12/10/2030
185
136
Motorola
Solutions
Inc
4.00%,
09/01/2024
49
48
Orange
SA
5.38%,
01/13/2042
102
95
Rogers
Communications
Inc
2.95%,
03/15/2025
(h)
195
186
3.20%,
03/15/2027
(h)
395
361
3.70%,
11/15/2049
225
154
3.80%,
03/15/2032
(h)
195
169
5.00%,
03/15/2044
500
410
Telefonica
Emisiones
SA
5.21%,
03/08/2047
530
403
7.05%,
06/20/2036
795
782
TELUS
Corp
4.60%,
11/16/2048
300
251
T-Mobile
USA
Inc
1.50%,
02/15/2026
320
281
2.05%,
02/15/2028
320
266
2.25%,
11/15/2031
350
264
2.40%,
03/15/2029
310
253
2.55%,
02/15/2031
245
194
3.00%,
02/15/2041
170
114
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
30
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Telecommunications
(continued)
T-Mobile
USA
Inc
(continued)
3.30%,
02/15/2051
$
310
$
202
3.40%,
10/15/2052
260
172
3.50%,
04/15/2025
150
143
3.75%,
04/15/2027
295
272
3.88%,
04/15/2030
295
262
4.38%,
04/15/2040
150
122
4.50%,
04/15/2050
295
236
5.20%,
01/15/2033
555
531
5.65%,
01/15/2053
370
350
Verizon
Communications
Inc
1.45%,
03/20/2026
385
340
1.50%,
09/18/2030
450
338
1.68%,
10/30/2030
748
561
1.75%,
01/20/2031
360
270
2.10%,
03/22/2028
580
490
2.36%,
03/15/2032
180
138
2.55%,
03/21/2031
385
307
2.63%,
08/15/2026
25
23
2.65%,
11/20/2040
135
88
2.88%,
11/20/2050
360
220
2.99%,
10/30/2056
562
334
3.00%,
11/20/2060
80
46
3.38%,
02/15/2025
40
39
3.40%,
03/22/2041
385
281
3.55%,
03/22/2051
385
271
3.70%,
03/22/2061
190
129
3.85%,
11/01/2042
275
211
3.88%,
02/08/2029
400
365
4.13%,
03/16/2027
300
287
4.33%,
09/21/2028
500
470
4.40%,
11/01/2034
750
660
4.50%,
08/10/2033
360
324
4.81%,
03/15/2039
600
528
Vodafone
Group
PLC
4.25%,
09/17/2050
165
118
4.38%,
05/30/2028
560
527
5.00%,
05/30/2038
250
215
5.25%,
05/30/2048
400
331
6.15%,
02/27/2037
201
190
$
24,391
Toys,
Games
&
Hobbies
-
0
.00
%
Hasbro
Inc
6.35%,
03/15/2040
25
24
Transportation
-
0
.55
%
Burlington
Northern
Santa
Fe
LLC
3.05%,
02/15/2051
400
272
3.30%,
09/15/2051
200
142
3.40%,
09/01/2024
230
225
3.55%,
02/15/2050
115
86
4.38%,
09/01/2042
545
468
4.45%,
03/15/2043
20
17
4.45%,
01/15/2053
100
87
4.55%,
09/01/2044
15
13
5.15%,
09/01/2043
350
332
Canadian
National
Railway
Co
2.45%,
05/01/2050
65
39
3.20%,
08/02/2046
400
287
3.65%,
02/03/2048
75
58
3.85%,
08/05/2032
175
160
Canadian
Pacific
Railway
Co
1.75%,
12/02/2026
390
342
2.45%,
12/02/2031
190
152
3.00%,
12/02/2041
190
135
3.10%,
12/02/2051
190
125
4.80%,
09/15/2035
500
456
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Transportation
(continued)
CSX
Corp
2.40%,
02/15/2030
$
65
$
54
2.60%,
11/01/2026
300
273
3.25%,
06/01/2027
40
37
3.35%,
11/01/2025
250
238
3.35%,
09/15/2049
70
49
3.80%,
03/01/2028
100
94
3.80%,
11/01/2046
30
23
4.25%,
11/01/2066
400
304
4.30%,
03/01/2048
105
86
4.50%,
11/15/2052
155
130
4.75%,
05/30/2042
277
245
FedEx
Corp
3.10%,
08/05/2029
550
473
3.88%,
08/01/2042
100
73
4.40%,
01/15/2047
405
314
4.55%,
04/01/2046
400
316
4.75%,
11/15/2045
525
423
Kansas
City
Southern/Old
4.70%,
05/01/2048
300
257
Norfolk
Southern
Corp
2.30%,
05/15/2031
195
156
2.55%,
11/01/2029
155
131
2.90%,
08/25/2051
190
120
3.85%,
01/15/2024
200
198
3.94%,
11/01/2047
398
309
4.15%,
02/28/2048
200
160
4.55%,
06/01/2053
70
59
4.84%,
10/01/2041
100
89
Ryder
System
Inc
2.50%,
09/01/2024
80
76
2.90%,
12/01/2026
150
134
4.30%,
06/15/2027
55
52
Union
Pacific
Corp
2.15%,
02/05/2027
230
205
2.38%,
05/20/2031
195
159
2.80%,
02/14/2032
185
154
2.89%,
04/06/2036
210
160
3.15%,
03/01/2024
400
392
3.20%,
05/20/2041
195
145
3.38%,
02/14/2042
190
144
3.80%,
10/01/2051
577
444
3.80%,
04/06/2071
175
123
3.84%,
03/20/2060
575
427
4.50%,
01/20/2033
160
152
4.95%,
09/09/2052
160
149
United
Parcel
Service
Inc
2.50%,
09/01/2029
125
107
3.40%,
09/01/2049
770
581
3.90%,
04/01/2025
665
652
4.88%,
11/15/2040
25
24
5.20%,
04/01/2040
125
122
6.20%,
01/15/2038
23
25
$
12,434
Trucking
&
Leasing
-
0
.01
%
GATX
Corp
1.90%,
06/01/2031
380
274
Water
-
0
.06
%
American
Water
Capital
Corp
2.30%,
06/01/2031
195
155
3.25%,
06/01/2051
195
136
3.75%,
09/01/2047
180
135
4.15%,
06/01/2049
650
520
4.45%,
06/01/2032
110
102
6.59%,
10/15/2037
5
5
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
31
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Water
(continued)
Essential
Utilities
Inc
2.40%,
05/01/2031
$
190
$
148
5.30%,
05/01/2052
185
166
$
1,367
TOTAL
BONDS
$
672,641
MUNICIPAL
BONDS
-
0
.58
%
Principal
Amount
(000's)
Value
(000's)
California
-
0
.18
%
Bay
Area
Toll
Authority
6.26%,
04/01/2049
$
300
$
341
6.92%,
04/01/2040
120
139
California
State
University
2.98%,
11/01/2051
160
110
East
Bay
Municipal
Utility
District
Water
System
Revenue
5.87%,
06/01/2040
60
66
Los
Angeles
Department
of
Water
&
Power
6.57%,
07/01/2045
150
175
Los
Angeles
Unified
School
District/CA
5.75%,
07/01/2034
80
82
5.76%,
07/01/2029
50
51
6.76%,
07/01/2034
530
585
Regents
of
the
University
of
California
Medical
Center
Pooled
Revenue
6.55%,
05/15/2048
250
285
San
Diego
County
Water
Authority
6.14%,
05/01/2049
260
293
Santa
Clara
Valley
Transportation
Authority
5.88%,
04/01/2032
25
26
State
of
California
3.50%,
04/01/2028
165
156
7.30%,
10/01/2039
375
449
7.35%,
11/01/2039
500
601
7.60%,
11/01/2040
180
226
7.63%,
03/01/2040
280
347
University
of
California
5.77%,
05/15/2043
200
209
$
4,141
District
of
Columbia
-
0
.02
%
District
of
Columbia
Water
&
Sewer
Authority
4.81%,
10/01/2114
450
395
Georgia
-
0
.02
%
Municipal
Electric
Authority
of
Georgia
6.64%,
04/01/2057
146
158
7.06%,
04/01/2057
193
200
$
358
Illinois
-
0
.06
%
Chicago
Transit
Authority
Sales
&
Transfer
Tax
Receipts
Revenue
6.90%,
12/01/2040
200
225
Chicago
Transit
Authority
Sales
Tax
Receipts
Fund
6.20%,
12/01/2040
70
75
County
of
Cook
IL
6.23%,
11/15/2034
102
109
State
of
Illinois
5.10%,
06/01/2033
1,000
952
7.35%,
07/01/2035
65
69
$
1,430
Kansas
-
0
.01
%
State
of
Kansas
Department
of
Transportation
4.60%,
09/01/2035
115
112
Nevada
-
0
.00
%
County
of
Clark
Department
of
Aviation
6.82%,
07/01/2045
25
30
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
New
Jersey
-
0
.07
%
New
Jersey
Economic
Development
Authority
(credit
support
from
National
Public
Finance
Guarantee
Corp
)
7.43%,
02/15/2029
(j)
$
700
$
749
New
Jersey
Transportation
Trust
Fund
Authority
5.75%,
12/15/2028
190
190
6.56%,
12/15/2040
210
225
New
Jersey
Turnpike
Authority
7.10%,
01/01/2041
147
174
Rutgers
The
State
University
of
New
Jersey
5.67%,
05/01/2040
130
135
$
1,473
New
York
-
0
.09
%
City
of
New
York
NY
5.52%,
10/01/2037
25
25
Metropolitan
Transportation
Authority
6.81%,
11/15/2040
135
145
New
York
City
Municipal
Water
Finance
Authority
5.72%,
06/15/2042
270
288
5.95%,
06/15/2042
125
137
New
York
City
Transitional
Finance
Authority
Future
Tax
Secured
Revenue
5.51%,
08/01/2037
250
255
New
York
State
Dormitory
Authority
5.60%,
03/15/2040
435
453
Port
Authority
of
New
York
&
New
Jersey
4.46%,
10/01/2062
400
349
4.96%,
08/01/2046
300
287
6.04%,
12/01/2029
50
53
$
1,992
Ohio
-
0
.01
%
American
Municipal
Power
Inc
6.27%,
02/15/2050
64
68
Ohio
State
University/The
4.91%,
06/01/2040
125
125
$
193
Pennsylvania
-
0
.02
%
State
Public
School
Building
Authority
5.00%,
09/15/2027
500
501
Texas
-
0
.08
%
City
of
San
Antonio
TX
Electric
&
Gas
Systems
Revenue
5.81%,
02/01/2041
135
141
Dallas
Area
Rapid
Transit
5.02%,
12/01/2048
50
49
Dallas
Convention
Center
Hotel
Development
Corp
7.09%,
01/01/2042
70
78
Dallas
County
Hospital
District
5.62%,
08/15/2044
83
86
Dallas
Independent
School
District
(credit
support
from
Permanent
School
Fund
Guarantee
Program
)
6.45%,
02/15/2035
(j)
50
51
Grand
Parkway
Transportation
Corp
5.18%,
10/01/2042
300
299
State
of
Texas
4.68%,
04/01/2040
100
96
5.52%,
04/01/2039
405
424
Texas
Transportation
Commission
State
Highway
Fund
5.18%,
04/01/2030
625
633
$
1,857
Utah
-
0
.01
%
State
of
Utah
3.54%,
07/01/2025
220
216
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
32
MUNICIPAL
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Wisconsin
-
0
.01
%
State
of
Wisconsin
(credit
support
from
Assured
Guaranty
Municipal
Corp
)
5.70%,
05/01/2026
(j)
$
280
$
287
TOTAL
MUNICIPAL
BONDS
$
12,985
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
68
.75
%
Principal
Amount
(000's)
Value
(000's)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
-
1
.52
%
2.00%,
08/01/2029
$
181
$
164
2.00%,
10/01/2031
46
41
2.00%,
03/01/2032
92
82
2.50%,
10/01/2027
49
47
2.50%,
03/01/2028
124
118
2.50%,
06/01/2028
76
73
2.50%,
06/01/2028
177
169
2.50%,
07/01/2028
125
119
2.50%,
10/01/2028
85
81
2.50%,
10/01/2028
59
57
2.50%,
10/01/2029
157
146
2.50%,
12/01/2029
185
172
2.50%,
09/01/2030
323
300
2.50%,
01/01/2031
350
325
2.50%,
01/01/2031
32
30
2.50%,
02/01/2031
38
35
2.50%,
03/01/2031
106
98
2.50%,
12/01/2031
117
109
2.50%,
12/01/2031
129
120
2.50%,
02/01/2032
152
141
2.50%,
03/01/2032
200
185
2.50%,
11/01/2032
393
363
2.50%,
02/01/2033
111
103
2.50%,
03/01/2033
76
70
2.50%,
03/01/2033
258
239
2.50%,
04/01/2033
121
110
2.50%,
05/01/2033
49
45
2.50%,
06/01/2033
84
77
2.50%,
11/01/2036
71
61
2.50%,
02/01/2043
91
78
2.50%,
03/01/2043
71
61
3.00%,
01/01/2027
45
43
3.00%,
03/01/2027
35
34
3.00%,
05/01/2027
38
37
3.00%,
10/01/2028
128
123
3.00%,
07/01/2029
163
155
3.00%,
08/01/2029
71
68
3.00%,
10/01/2029
42
40
3.00%,
11/01/2029
72
69
3.00%,
07/01/2030
161
153
3.00%,
09/01/2030
218
206
3.00%,
11/01/2030
39
37
3.00%,
11/01/2030
82
77
3.00%,
01/01/2031
76
71
3.00%,
04/01/2031
155
146
3.00%,
02/01/2032
34
32
3.00%,
05/01/2032
57
53
3.00%,
12/01/2032
252
235
3.00%,
12/01/2032
246
229
3.00%,
01/01/2033
341
318
3.00%,
02/01/2033
199
186
3.00%,
03/01/2033
124
117
3.00%,
04/01/2033
108
100
3.00%,
04/01/2033
86
79
3.00%,
06/01/2033
68
63
3.00%,
09/01/2033
93
86
3.00%,
09/01/2033
99
92
3.00%,
12/01/2034
24
23
3.00%,
01/01/2035
17
15
3.00%,
02/01/2035
24
22
3.00%,
05/01/2035
199
184
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
(continued)
3.00%,
02/01/2036
$
46
$
42
3.00%,
09/01/2036
50
46
3.00%,
02/01/2037
58
53
3.00%,
05/01/2037
65
59
3.00%,
06/01/2037
67
61
3.00%,
07/01/2037
104
95
3.00%,
09/01/2037
22
20
3.00%,
01/01/2043
144
129
3.00%,
01/01/2043
151
135
3.00%,
02/01/2043
644
578
3.00%,
03/01/2043
374
335
3.00%,
04/01/2043
131
117
3.00%,
05/01/2043
127
114
3.00%,
06/01/2043
233
209
3.00%,
07/01/2043
237
213
3.00%,
07/01/2043
216
193
3.00%,
07/01/2043
411
368
3.00%,
07/01/2043
371
332
3.00%,
08/01/2043
50
45
3.00%,
08/01/2043
71
64
3.00%,
08/01/2043
132
118
3.00%,
08/01/2043
694
622
3.00%,
09/01/2043
259
232
3.00%,
09/01/2043
282
252
3.00%,
09/01/2043
123
109
3.00%,
10/01/2043
99
89
3.00%,
10/01/2043
252
226
3.00%,
03/01/2045
216
193
3.00%,
04/01/2045
78
69
3.00%,
06/01/2045
282
252
3.00%,
07/01/2045
165
147
3.00%,
07/01/2045
227
203
3.00%,
08/01/2045
323
288
3.00%,
08/01/2045
102
91
3.00%,
08/01/2045
101
90
3.00%,
12/01/2045
445
396
3.00%,
03/01/2046
194
172
3.00%,
03/01/2046
18
16
3.00%,
04/01/2046
265
236
3.00%,
04/01/2046
24
21
3.00%,
05/01/2046
69
62
3.00%,
09/01/2046
317
282
3.00%,
10/01/2046
351
313
3.00%,
11/01/2046
549
488
3.00%,
11/01/2046
55
49
3.00%,
11/01/2046
326
290
3.00%,
11/01/2046
359
318
3.00%,
12/01/2046
402
358
3.00%,
12/01/2046
449
399
3.00%,
01/01/2047
617
549
3.00%,
03/01/2047
616
547
3.00%,
03/01/2048
223
197
3.50%,
10/01/2025
35
34
3.50%,
11/01/2025
42
40
3.50%,
12/01/2026
41
39
3.50%,
01/01/2029
66
63
3.50%,
01/01/2032
47
45
3.50%,
02/01/2032
29
28
3.50%,
03/01/2032
35
33
3.50%,
04/01/2032
35
33
3.50%,
08/01/2032
27
25
3.50%,
09/01/2033
96
91
3.50%,
01/01/2034
30
28
3.50%,
01/01/2035
64
60
3.50%,
02/01/2035
54
51
3.50%,
07/01/2035
90
84
3.50%,
09/01/2035
129
121
3.50%,
04/01/2037
36
33
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
33
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
(continued)
3.50%,
06/01/2037
$
69
$
64
3.50%,
05/01/2041
42
38
3.50%,
02/01/2042
124
114
3.50%,
04/01/2042
42
39
3.50%,
06/01/2042
98
90
3.50%,
07/01/2042
112
103
3.50%,
07/01/2042
151
139
3.50%,
08/01/2042
67
60
3.50%,
08/01/2042
153
140
3.50%,
02/01/2044
217
199
3.50%,
06/01/2044
197
181
3.50%,
09/01/2044
110
101
3.50%,
02/01/2045
123
114
3.50%,
03/01/2045
177
163
3.50%,
06/01/2045
204
187
3.50%,
07/01/2045
335
308
3.50%,
09/01/2045
173
159
3.50%,
10/01/2045
196
180
3.50%,
11/01/2045
324
298
3.50%,
12/01/2045
227
208
3.50%,
12/01/2045
264
243
3.50%,
12/01/2045
31
29
3.50%,
01/01/2046
18
17
3.50%,
01/01/2046
91
84
3.50%,
03/01/2046
162
149
3.50%,
03/01/2046
833
766
3.50%,
04/01/2046
201
184
3.50%,
05/01/2046
215
199
3.50%,
06/01/2046
252
231
3.50%,
08/01/2046
176
163
3.50%,
04/01/2047
264
242
3.50%,
11/01/2047
295
270
3.50%,
11/01/2047
191
175
3.50%,
05/01/2048
34
31
3.50%,
06/01/2048
120
110
3.50%,
06/01/2048
337
309
3.50%,
09/01/2048
112
102
4.00%,
06/01/2025
20
19
4.00%,
07/01/2025
34
33
4.00%,
12/01/2030
15
15
4.00%,
08/01/2031
15
14
4.00%,
10/01/2031
23
22
4.00%,
11/01/2031
7
6
4.00%,
12/01/2031
11
11
4.00%,
11/01/2033
32
30
4.00%,
01/01/2034
56
54
4.00%,
07/01/2035
21
20
4.00%,
03/01/2037
88
84
4.00%,
05/01/2038
32
30
4.00%,
02/01/2041
75
71
4.00%,
06/01/2042
49
46
4.00%,
06/01/2042
57
54
4.00%,
08/01/2043
342
325
4.00%,
01/01/2044
62
59
4.00%,
02/01/2044
147
139
4.00%,
03/01/2044
55
53
4.00%,
04/01/2044
146
139
4.00%,
05/01/2044
38
36
4.00%,
07/01/2044
82
78
4.00%,
07/01/2044
73
69
4.00%,
10/01/2044
101
96
4.00%,
11/01/2044
229
218
4.00%,
12/01/2044
223
212
4.00%,
01/01/2045
61
58
4.00%,
02/01/2045
68
65
4.00%,
04/01/2045
73
69
4.00%,
05/01/2045
45
43
4.00%,
06/01/2045
88
84
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
(continued)
4.00%,
07/01/2045
$
94
$
88
4.00%,
08/01/2045
313
297
4.00%,
08/01/2045
32
31
4.00%,
08/01/2045
34
33
4.00%,
09/01/2045
86
80
4.00%,
09/01/2045
338
322
4.00%,
10/01/2045
343
326
4.00%,
11/01/2045
221
210
4.00%,
12/01/2045
100
95
4.00%,
03/01/2047
258
247
4.00%,
08/01/2047
273
259
4.00%,
10/01/2047
198
187
4.00%,
12/01/2047
322
305
4.00%,
07/01/2048
177
168
4.00%,
08/01/2048
105
99
4.00%,
09/01/2048
262
248
4.50%,
08/01/2023
7
7
4.50%,
05/01/2024
10
10
4.50%,
02/01/2030
4
4
4.50%,
08/01/2030
4
4
4.50%,
05/01/2031
5
5
4.50%,
06/01/2031
35
34
4.50%,
06/01/2039
57
56
4.50%,
10/01/2039
40
39
4.50%,
10/01/2040
50
49
4.50%,
03/01/2041
110
108
4.50%,
03/01/2041
120
115
4.50%,
11/01/2041
122
119
4.50%,
09/01/2043
69
67
4.50%,
11/01/2043
33
32
4.50%,
11/01/2043
64
63
4.50%,
01/01/2044
60
59
4.50%,
01/01/2044
60
58
4.50%,
03/01/2044
62
61
4.50%,
05/01/2044
81
80
4.50%,
07/01/2044
40
39
4.50%,
09/01/2044
38
37
4.50%,
10/01/2045
90
88
4.50%,
02/01/2046
115
111
4.50%,
03/01/2047
32
31
4.50%,
03/01/2047
155
151
4.50%,
04/01/2047
34
33
4.50%,
06/01/2047
78
76
4.50%,
09/01/2047
85
82
4.50%,
11/01/2047
23
22
4.50%,
05/01/2048
66
64
4.50%,
07/01/2048
127
123
4.50%,
11/01/2048
71
68
4.50%,
01/01/2049
260
252
4.50%,
05/01/2049
689
667
5.00%,
09/01/2023
6
5
5.00%,
04/01/2024
4
4
5.00%,
01/01/2025
20
19
5.00%,
12/01/2027
13
13
5.00%,
02/01/2030
2
2
5.00%,
03/01/2030
1
1
5.00%,
04/01/2034
47
46
5.00%,
06/01/2035
58
59
5.00%,
01/01/2038
95
96
5.00%,
11/01/2038
77
78
5.00%,
12/01/2038
87
88
5.00%,
09/01/2039
138
139
5.00%,
01/01/2040
77
77
5.00%,
05/01/2040
31
31
5.00%,
04/01/2041
54
55
5.00%,
06/01/2041
53
52
5.00%,
11/01/2041
64
62
5.00%,
11/01/2041
48
49
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
34
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
(continued)
5.50%,
01/01/2028
$
28
$
27
5.50%,
04/01/2036
46
47
5.50%,
12/01/2036
54
56
5.50%,
12/01/2036
51
53
5.50%,
03/01/2039
81
84
5.50%,
04/01/2039
51
53
5.50%,
02/01/2040
76
79
5.50%,
06/01/2041
110
114
6.00%,
02/01/2027
3
3
$
34,244
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
20
.29
%
1.50%,
03/01/2036
4,853
4,168
1.50%,
05/01/2036
7,741
6,648
1.50%,
11/01/2036
3,783
3,248
1.50%,
11/01/2050
2,311
1,783
1.50%,
01/01/2051
10,415
8,022
1.50%,
06/01/2051
7,587
5,845
2.00%,
09/01/2028
54
51
2.00%,
05/01/2030
112
100
2.00%,
04/01/2032
73
66
2.00%,
05/01/2036
3,815
3,365
2.00%,
06/01/2036
3,418
3,015
2.00%,
10/01/2037
(k)
18,300
16,125
2.00%,
04/01/2051
8,762
7,131
2.00%,
04/01/2051
31,527
25,689
2.00%,
04/01/2051
14,341
11,677
2.00%,
04/01/2051
5,281
4,305
2.00%,
04/01/2051
8,688
7,091
2.00%,
05/01/2051
18,008
14,658
2.00%,
06/01/2051
7,189
5,851
2.00%,
07/01/2051
8,020
6,523
2.00%,
09/01/2051
10,152
8,256
2.00%,
10/01/2051
2,828
2,302
2.00%,
10/01/2051
7,115
5,780
2.00%,
11/01/2051
7,556
6,147
2.00%,
12/01/2051
12,330
10,020
2.00%,
12/01/2051
9,571
7,778
2.00%,
01/01/2052
8,974
7,292
2.50%,
01/01/2028
59
56
2.50%,
07/01/2028
80
76
2.50%,
08/01/2028
74
70
2.50%,
08/01/2028
40
38
2.50%,
09/01/2028
87
83
2.50%,
07/01/2029
116
107
2.50%,
07/01/2029
51
48
2.50%,
07/01/2029
22
20
2.50%,
09/01/2029
95
89
2.50%,
12/01/2029
64
59
2.50%,
01/01/2030
78
72
2.50%,
04/01/2030
100
93
2.50%,
05/01/2030
210
195
2.50%,
06/01/2030
103
96
2.50%,
08/01/2030
56
52
2.50%,
08/01/2030
266
247
2.50%,
01/01/2031
104
96
2.50%,
01/01/2031
109
101
2.50%,
02/01/2031
146
135
2.50%,
02/01/2031
99
92
2.50%,
05/01/2031
58
54
2.50%,
06/01/2031
105
98
2.50%,
11/01/2031
1,069
992
2.50%,
12/01/2031
173
160
2.50%,
01/01/2032
208
192
2.50%,
01/01/2032
375
347
2.50%,
02/01/2032
260
239
2.50%,
03/01/2032
111
102
2.50%,
03/01/2032
60
55
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
2.50%,
11/01/2032
$
19
$
17
2.50%,
12/01/2032
56
52
2.50%,
01/01/2033
67
62
2.50%,
02/01/2033
257
237
2.50%,
04/01/2033
505
466
2.50%,
07/01/2033
45
39
2.50%,
10/01/2034
535
487
2.50%,
02/01/2035
1,559
1,416
2.50%,
06/01/2035
2,012
1,828
2.50%,
10/01/2036
19
17
2.50%,
10/01/2036
40
35
2.50%,
12/01/2036
86
74
2.50%,
10/01/2037
(k)
2,300
2,081
2.50%,
07/01/2040
1,704
1,470
2.50%,
01/01/2043
267
227
2.50%,
08/01/2043
91
77
2.50%,
10/01/2043
166
141
2.50%,
12/01/2046
64
54
2.50%,
07/01/2050
4,536
3,835
2.50%,
08/01/2050
2,332
1,974
2.50%,
09/01/2050
5,306
4,486
2.50%,
10/01/2050
3,557
3,007
2.50%,
02/01/2051
7,804
6,606
2.50%,
07/01/2051
2,155
1,817
2.50%,
07/01/2051
3,460
2,917
2.50%,
08/01/2051
3,846
3,240
2.50%,
09/01/2051
8,957
7,558
2.50%,
09/01/2051
3,571
3,022
2.50%,
09/01/2051
3,234
2,726
2.50%,
10/01/2051
6,830
5,752
2.50%,
11/01/2051
7,336
6,202
2.50%,
02/01/2052
6,759
5,710
2.50%,
02/01/2052
4,097
3,459
2.50%,
03/01/2052
6,342
5,335
2.50%,
03/01/2052
3,587
3,018
2.50%,
03/01/2052
7,115
6,008
2.50%,
04/01/2052
3,751
3,164
2.50%,
04/01/2052
6,775
5,721
2.50%,
05/01/2052
2,930
2,474
2.50%,
10/01/2052
(k)
11,750
9,856
3.00%,
11/01/2026
42
41
3.00%,
02/01/2027
73
71
3.00%,
04/01/2027
385
375
3.00%,
08/01/2027
53
52
3.00%,
10/01/2028
196
188
3.00%,
11/01/2028
66
64
3.00%,
02/01/2029
54
52
3.00%,
03/01/2029
101
97
3.00%,
03/01/2029
71
68
3.00%,
04/01/2029
75
71
3.00%,
05/01/2029
84
81
3.00%,
06/01/2029
54
51
3.00%,
08/01/2029
33
32
3.00%,
10/01/2029
39
37
3.00%,
10/01/2029
54
51
3.00%,
10/01/2029
41
39
3.00%,
11/01/2029
54
52
3.00%,
01/01/2030
81
77
3.00%,
01/01/2030
203
192
3.00%,
01/01/2030
217
205
3.00%,
03/01/2030
127
120
3.00%,
06/01/2030
98
93
3.00%,
06/01/2030
112
106
3.00%,
09/01/2030
44
41
3.00%,
09/01/2030
152
143
3.00%,
10/01/2030
125
118
3.00%,
02/01/2031
49
46
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
35
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
3.00%,
04/01/2032
$
560
$
529
3.00%,
05/01/2032
75
69
3.00%,
08/01/2032
113
104
3.00%,
01/01/2033
19
17
3.00%,
02/01/2033
283
263
3.00%,
02/01/2033
1,031
961
3.00%,
08/01/2033
341
314
3.00%,
05/01/2034
79
74
3.00%,
05/01/2034
55
50
3.00%,
08/01/2034
240
223
3.00%,
10/01/2034
24
23
3.00%,
11/01/2034
69
63
3.00%,
12/01/2034
868
809
3.00%,
02/01/2035
73
67
3.00%,
02/01/2035
70
64
3.00%,
03/01/2035
32
29
3.00%,
04/01/2035
32
30
3.00%,
06/01/2035
86
79
3.00%,
07/01/2035
31
28
3.00%,
11/01/2035
45
41
3.00%,
07/01/2036
66
61
3.00%,
12/01/2036
147
135
3.00%,
12/01/2036
220
201
3.00%,
12/01/2036
104
96
3.00%,
02/01/2037
92
84
3.00%,
02/01/2037
14
13
3.00%,
04/01/2037
71
65
3.00%,
04/01/2037
44
40
3.00%,
07/01/2037
27
24
3.00%,
08/01/2037
41
38
3.00%,
09/01/2037
117
107
3.00%,
10/01/2037
(k)
2,000
1,857
3.00%,
06/01/2040
1,363
1,211
3.00%,
04/01/2042
79
71
3.00%,
09/01/2042
37
33
3.00%,
12/01/2042
96
86
3.00%,
02/01/2043
272
245
3.00%,
02/01/2043
208
186
3.00%,
02/01/2043
413
370
3.00%,
04/01/2043
418
375
3.00%,
04/01/2043
212
190
3.00%,
04/01/2043
256
229
3.00%,
04/01/2043
159
142
3.00%,
04/01/2043
149
133
3.00%,
04/01/2043
118
105
3.00%,
04/01/2043
108
97
3.00%,
04/01/2043
226
202
3.00%,
04/01/2043
164
147
3.00%,
05/01/2043
165
148
3.00%,
05/01/2043
197
177
3.00%,
05/01/2043
101
91
3.00%,
05/01/2043
19
17
3.00%,
06/01/2043
207
185
3.00%,
06/01/2043
376
336
3.00%,
06/01/2043
348
311
3.00%,
06/01/2043
154
138
3.00%,
06/01/2043
145
129
3.00%,
07/01/2043
56
50
3.00%,
07/01/2043
267
239
3.00%,
07/01/2043
115
103
3.00%,
08/01/2043
239
214
3.00%,
08/01/2043
365
326
3.00%,
08/01/2043
74
66
3.00%,
08/01/2043
139
124
3.00%,
08/01/2043
73
65
3.00%,
08/01/2043
48
43
3.00%,
09/01/2043
308
275
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
3.00%,
09/01/2043
$
167
$
150
3.00%,
10/01/2043
33
29
3.00%,
10/01/2043
377
337
3.00%,
11/01/2043
69
62
3.00%,
11/01/2043
45
40
3.00%,
11/01/2043
129
115
3.00%,
01/01/2044
65
58
3.00%,
01/01/2045
184
164
3.00%,
05/01/2045
260
232
3.00%,
09/01/2045
35
32
3.00%,
10/01/2045
159
142
3.00%,
11/01/2045
36
32
3.00%,
11/01/2045
81
73
3.00%,
12/01/2045
225
201
3.00%,
01/01/2046
149
132
3.00%,
02/01/2046
35
31
3.00%,
02/01/2046
224
200
3.00%,
02/01/2046
251
224
3.00%,
04/01/2046
48
43
3.00%,
05/01/2046
95
85
3.00%,
05/01/2046
146
130
3.00%,
05/01/2046
42
38
3.00%,
06/01/2046
83
74
3.00%,
08/01/2046
140
125
3.00%,
08/01/2046
167
148
3.00%,
09/01/2046
111
99
3.00%,
09/01/2046
73
65
3.00%,
10/01/2046
69
61
3.00%,
10/01/2046
551
490
3.00%,
11/01/2046
398
356
3.00%,
11/01/2046
51
45
3.00%,
11/01/2046
40
36
3.00%,
11/01/2046
344
306
3.00%,
11/01/2046
274
243
3.00%,
11/01/2046
242
215
3.00%,
12/01/2046
762
676
3.00%,
12/01/2046
426
379
3.00%,
01/01/2047
273
241
3.00%,
01/01/2047
422
374
3.00%,
02/01/2047
81
72
3.00%,
02/01/2047
315
279
3.00%,
05/01/2047
176
156
3.00%,
10/01/2048
23
20
3.00%,
09/01/2049
2,254
1,978
3.00%,
10/01/2049
5,672
4,994
3.00%,
11/01/2049
683
601
3.00%,
11/01/2049
1,136
998
3.00%,
11/01/2049
1,699
1,495
3.00%,
11/01/2049
339
298
3.00%,
12/01/2049
4,159
3,660
3.00%,
03/01/2050
3,697
3,243
3.00%,
03/01/2050
3,385
2,972
3.00%,
06/01/2050
3,059
2,683
3.00%,
07/01/2050
6,649
5,870
3.00%,
07/01/2050
1,361
1,193
3.00%,
10/01/2050
2,259
1,987
3.00%,
10/01/2052
(k)
6,700
5,830
3.50%,
10/01/2025
51
49
3.50%,
11/01/2025
32
30
3.50%,
11/01/2025
80
76
3.50%,
01/01/2026
44
42
3.50%,
03/01/2026
66
62
3.50%,
12/01/2026
65
62
3.50%,
02/01/2027
41
39
3.50%,
11/01/2028
73
69
3.50%,
12/01/2028
44
42
3.50%,
03/01/2029
69
66
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
36
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
3.50%,
01/01/2031
$
3
$
3
3.50%,
04/01/2031
7
7
3.50%,
02/01/2032
29
28
3.50%,
04/01/2032
29
28
3.50%,
05/01/2032
64
60
3.50%,
06/01/2032
133
125
3.50%,
07/01/2032
43
40
3.50%,
09/01/2032
62
59
3.50%,
12/01/2032
1,400
1,327
3.50%,
09/01/2033
34
32
3.50%,
09/01/2033
45
43
3.50%,
10/01/2033
71
66
3.50%,
10/01/2033
169
160
3.50%,
11/01/2033
75
70
3.50%,
01/01/2034
47
44
3.50%,
06/01/2034
78
74
3.50%,
08/01/2034
20
19
3.50%,
11/01/2034
49
46
3.50%,
02/01/2035
811
767
3.50%,
12/01/2035
98
92
3.50%,
07/01/2036
108
101
3.50%,
02/01/2037
76
71
3.50%,
03/01/2037
87
81
3.50%,
05/01/2037
16
15
3.50%,
07/01/2037
33
31
3.50%,
10/01/2037
38
35
3.50%,
01/01/2038
103
95
3.50%,
01/01/2041
382
352
3.50%,
03/01/2041
516
475
3.50%,
10/01/2041
45
42
3.50%,
12/01/2041
162
149
3.50%,
12/01/2041
154
142
3.50%,
01/01/2042
56
52
3.50%,
03/01/2042
50
46
3.50%,
03/01/2042
35
32
3.50%,
03/01/2042
141
129
3.50%,
05/01/2042
277
254
3.50%,
05/01/2042
43
40
3.50%,
07/01/2042
64
59
3.50%,
07/01/2042
36
33
3.50%,
10/01/2042
303
279
3.50%,
04/01/2043
104
96
3.50%,
05/01/2043
254
234
3.50%,
05/01/2043
301
276
3.50%,
05/01/2043
92
85
3.50%,
06/01/2043
257
236
3.50%,
07/01/2043
286
262
3.50%,
07/01/2043
111
102
3.50%,
08/01/2043
203
186
3.50%,
08/01/2043
65
60
3.50%,
09/01/2043
75
69
3.50%,
12/01/2043
57
53
3.50%,
01/01/2044
857
787
3.50%,
02/01/2044
63
58
3.50%,
07/01/2044
407
374
3.50%,
10/01/2044
59
54
3.50%,
10/01/2044
165
151
3.50%,
11/01/2044
168
154
3.50%,
12/01/2044
176
161
3.50%,
12/01/2044
30
28
3.50%,
12/01/2044
125
115
3.50%,
01/01/2045
189
174
3.50%,
04/01/2045
174
159
3.50%,
05/01/2045
68
63
3.50%,
07/01/2045
33
30
3.50%,
07/01/2045
188
173
3.50%,
08/01/2045
188
172
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
3.50%,
08/01/2045
$
164
$
151
3.50%,
09/01/2045
84
77
3.50%,
09/01/2045
210
193
3.50%,
09/01/2045
252
232
3.50%,
11/01/2045
80
73
3.50%,
11/01/2045
144
133
3.50%,
12/01/2045
193
177
3.50%,
12/01/2045
156
143
3.50%,
12/01/2045
278
255
3.50%,
01/01/2046
303
278
3.50%,
01/01/2046
236
215
3.50%,
02/01/2046
126
116
3.50%,
02/01/2046
46
43
3.50%,
03/01/2046
197
181
3.50%,
03/01/2046
165
152
3.50%,
05/01/2046
198
182
3.50%,
06/01/2046
52
48
3.50%,
07/01/2046
175
161
3.50%,
09/01/2046
165
151
3.50%,
11/01/2046
357
328
3.50%,
12/01/2046
197
181
3.50%,
01/01/2047
438
401
3.50%,
02/01/2047
317
290
3.50%,
03/01/2047
37
34
3.50%,
09/01/2047
93
85
3.50%,
11/01/2047
373
339
3.50%,
01/01/2048
367
334
3.50%,
02/01/2048
31
29
3.50%,
02/01/2048
301
275
3.50%,
03/01/2048
234
214
3.50%,
04/01/2048
149
136
3.50%,
10/01/2048
30
27
3.50%,
10/01/2048
47
42
3.50%,
04/01/2049
243
223
3.50%,
06/01/2049
446
405
3.50%,
06/01/2049
556
506
3.50%,
06/01/2049
484
441
3.50%,
07/01/2049
1,419
1,294
3.50%,
07/01/2049
1,213
1,104
3.50%,
07/01/2049
663
604
3.50%,
08/01/2049
651
593
3.50%,
09/01/2049
699
636
3.50%,
11/01/2049
3,477
3,195
3.50%,
11/01/2049
1,313
1,196
3.50%,
11/01/2049
1,190
1,085
3.50%,
05/01/2050
1,216
1,105
3.50%,
09/01/2050
1,945
1,801
3.50%,
05/01/2052
4,910
4,455
3.50%,
10/01/2052
(k)
9,500
8,549
4.00%,
07/01/2025
41
40
4.00%,
04/01/2029
2
2
4.00%,
10/01/2030
5
5
4.00%,
12/01/2030
46
44
4.00%,
02/01/2031
15
15
4.00%,
03/01/2031
266
257
4.00%,
07/01/2031
10
10
4.00%,
10/01/2031
42
40
4.00%,
11/01/2031
10
9
4.00%,
12/01/2031
8
8
4.00%,
01/01/2032
12
12
4.00%,
09/01/2033
88
84
4.00%,
01/01/2036
80
76
4.00%,
02/01/2036
60
58
4.00%,
06/01/2036
49
47
4.00%,
01/01/2037
67
64
4.00%,
02/01/2037
149
142
4.00%,
07/01/2038
99
93
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
37
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
4.00%,
02/01/2039
$
28
$
27
4.00%,
10/01/2039
47
44
4.00%,
01/01/2041
160
153
4.00%,
02/01/2041
104
99
4.00%,
02/01/2041
40
38
4.00%,
09/01/2041
58
55
4.00%,
02/01/2043
55
52
4.00%,
12/01/2043
53
50
4.00%,
01/01/2044
172
164
4.00%,
06/01/2044
65
62
4.00%,
06/01/2044
133
126
4.00%,
07/01/2044
91
86
4.00%,
07/01/2044
107
101
4.00%,
09/01/2044
55
52
4.00%,
10/01/2044
89
84
4.00%,
10/01/2044
155
147
4.00%,
11/01/2044
109
103
4.00%,
12/01/2044
125
119
4.00%,
12/01/2044
33
31
4.00%,
01/01/2045
29
27
4.00%,
02/01/2045
59
56
4.00%,
02/01/2045
126
119
4.00%,
02/01/2045
128
122
4.00%,
07/01/2045
74
70
4.00%,
07/01/2045
104
98
4.00%,
09/01/2045
122
115
4.00%,
10/01/2045
110
104
4.00%,
10/01/2045
40
37
4.00%,
11/01/2045
48
46
4.00%,
11/01/2045
186
176
4.00%,
12/01/2045
77
73
4.00%,
12/01/2045
49
46
4.00%,
01/01/2046
200
190
4.00%,
02/01/2046
37
35
4.00%,
02/01/2046
179
169
4.00%,
03/01/2046
42
40
4.00%,
03/01/2046
62
59
4.00%,
04/01/2046
93
88
4.00%,
07/01/2046
164
156
4.00%,
04/01/2047
259
244
4.00%,
06/01/2047
184
174
4.00%,
08/01/2047
39
37
4.00%,
08/01/2047
132
125
4.00%,
08/01/2047
278
263
4.00%,
08/01/2047
220
208
4.00%,
09/01/2047
253
240
4.00%,
11/01/2047
491
465
4.00%,
01/01/2048
398
376
4.00%,
02/01/2048
182
172
4.00%,
03/01/2048
86
81
4.00%,
03/01/2048
3,408
3,234
4.00%,
05/01/2048
516
490
4.00%,
06/01/2048
369
349
4.00%,
06/01/2048
141
133
4.00%,
07/01/2048
105
99
4.00%,
08/01/2048
51
48
4.00%,
08/01/2048
49
46
4.00%,
09/01/2048
135
128
4.00%,
09/01/2048
210
198
4.00%,
01/01/2049
2,094
1,976
4.00%,
01/01/2049
1,178
1,113
4.00%,
03/01/2049
159
150
4.00%,
04/01/2049
206
195
4.00%,
04/01/2049
294
278
4.00%,
07/01/2049
1,011
950
4.00%,
08/01/2049
654
614
4.00%,
10/01/2049
338
318
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
4.00%,
10/01/2049
$
460
$
434
4.00%,
11/01/2049
497
467
4.00%,
04/01/2050
1,949
1,830
4.00%,
10/01/2052
(k)
13,000
12,062
4.50%,
07/01/2029
1
1
4.50%,
02/01/2030
4
4
4.50%,
04/01/2030
1
1
4.50%,
08/01/2030
30
30
4.50%,
09/01/2030
25
24
4.50%,
01/01/2031
5
5
4.50%,
04/01/2031
3
3
4.50%,
05/01/2031
5
5
4.50%,
07/01/2031
21
21
4.50%,
08/01/2031
11
11
4.50%,
02/01/2035
49
48
4.50%,
08/01/2040
36
34
4.50%,
08/01/2040
114
111
4.50%,
06/01/2041
56
55
4.50%,
09/01/2041
90
88
4.50%,
09/01/2043
42
41
4.50%,
10/01/2043
85
83
4.50%,
01/01/2044
164
160
4.50%,
01/01/2044
188
181
4.50%,
02/01/2044
115
113
4.50%,
03/01/2044
62
61
4.50%,
03/01/2044
53
51
4.50%,
05/01/2044
44
43
4.50%,
05/01/2044
56
55
4.50%,
05/01/2044
202
198
4.50%,
06/01/2044
98
96
4.50%,
08/01/2044
80
78
4.50%,
08/01/2044
81
79
4.50%,
12/01/2044
227
223
4.50%,
04/01/2046
64
61
4.50%,
08/01/2046
57
55
4.50%,
01/01/2047
57
56
4.50%,
02/01/2047
31
30
4.50%,
02/01/2047
94
92
4.50%,
03/01/2047
93
91
4.50%,
10/01/2047
67
65
4.50%,
11/01/2047
130
126
4.50%,
02/01/2048
99
96
4.50%,
04/01/2048
289
280
4.50%,
05/01/2048
173
167
4.50%,
07/01/2048
1,996
1,924
4.50%,
08/01/2048
54
52
4.50%,
08/01/2048
47
45
4.50%,
10/01/2048
347
335
4.50%,
10/01/2048
226
218
4.50%,
12/01/2048
950
923
4.50%,
03/01/2049
2,197
2,126
4.50%,
04/01/2049
198
191
4.50%,
05/01/2049
1,591
1,535
4.50%,
07/01/2049
619
597
4.50%,
07/01/2049
317
306
4.50%,
09/01/2049
350
337
4.50%,
09/01/2049
2,177
2,099
4.50%,
10/01/2052
2,500
2,397
5.00%,
07/01/2024
1
1
5.00%,
04/01/2029
3
3
5.00%,
09/01/2029
47
46
5.00%,
03/01/2030
6
6
5.00%,
08/01/2030
7
7
5.00%,
07/01/2035
69
70
5.00%,
04/01/2037
96
94
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
38
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
5.00%,
01/01/2039
$
141
$
140
5.00%,
07/01/2039
65
65
5.00%,
07/01/2039
57
57
5.00%,
02/01/2041
109
109
5.00%,
02/01/2041
60
60
5.00%,
05/01/2042
151
152
5.00%,
03/01/2044
47
46
5.00%,
03/01/2044
79
79
5.00%,
05/01/2044
48
48
5.00%,
11/01/2044
98
98
5.00%,
04/01/2048
67
65
5.00%,
09/01/2048
616
607
5.00%,
05/01/2049
46
46
5.00%,
06/01/2049
405
402
5.00%,
07/01/2049
227
224
5.00%,
08/01/2049
235
232
5.00%,
10/01/2052
(k)
4,500
4,383
5.50%,
08/01/2023
2
2
5.50%,
10/01/2023
5
5
5.50%,
11/01/2023
7
7
5.50%,
02/01/2026
16
16
5.50%,
03/01/2027
17
17
5.50%,
06/01/2028
2
2
5.50%,
09/01/2028
1
1
5.50%,
01/01/2029
1
1
5.50%,
01/01/2029
7
7
5.50%,
12/01/2029
5
5
5.50%,
11/01/2035
117
121
5.50%,
12/01/2036
52
54
5.50%,
03/01/2037
75
77
5.50%,
08/01/2037
67
70
5.50%,
08/01/2037
52
54
5.50%,
08/01/2037
55
56
5.50%,
05/01/2038
98
101
5.50%,
06/01/2038
42
44
5.50%,
10/01/2052
(k)
2,000
1,988
6.00%,
05/01/2041
90
95
6.50%,
01/01/2038
40
42
$
455,613
Government
National
Mortgage
Association
(GNMA)
-
6
.21
%
2.00%,
08/20/2050
6,876
5,773
2.00%,
01/20/2051
7,843
6,583
2.00%,
02/20/2051
19,921
16,720
2.00%,
05/20/2051
5,376
4,509
2.50%,
03/20/2028
36
35
2.50%,
07/20/2028
40
38
2.50%,
03/20/2031
48
43
2.50%,
05/20/2032
59
54
2.50%,
07/20/2043
94
81
2.50%,
06/20/2045
52
45
2.50%,
12/20/2046
108
93
2.50%,
01/20/2047
160
138
2.50%,
06/20/2050
13,684
11,858
2.50%,
05/20/2051
9,072
7,832
2.50%,
07/20/2051
3,282
2,832
2.50%,
10/01/2052
(k)
12,000
10,309
3.00%,
07/20/2030
79
74
3.00%,
01/20/2031
50
47
3.00%,
07/20/2032
57
53
3.00%,
01/20/2033
27
25
3.00%,
09/20/2042
570
512
3.00%,
10/15/2042
92
82
3.00%,
12/20/2042
161
145
3.00%,
01/20/2043
224
202
3.00%,
03/20/2043
117
105
3.00%,
03/20/2043
297
267
3.00%,
04/20/2043
385
346
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Government
National
Mortgage
Association
(GNMA)
(continued)
3.00%,
06/15/2043
$
138
$
123
3.00%,
06/20/2043
84
75
3.00%,
07/15/2043
35
31
3.00%,
08/15/2043
75
67
3.00%,
08/15/2043
69
61
3.00%,
08/20/2043
40
36
3.00%,
09/20/2043
153
138
3.00%,
10/20/2043
80
72
3.00%,
11/20/2043
60
54
3.00%,
03/20/2044
122
110
3.00%,
08/20/2044
452
406
3.00%,
11/15/2044
228
203
3.00%,
11/20/2044
148
133
3.00%,
12/20/2044
147
132
3.00%,
02/15/2045
166
148
3.00%,
05/20/2045
129
116
3.00%,
07/15/2045
66
59
3.00%,
07/20/2045
1,011
909
3.00%,
08/15/2045
156
139
3.00%,
08/20/2045
320
287
3.00%,
10/20/2045
280
251
3.00%,
11/20/2045
164
147
3.00%,
12/20/2045
229
205
3.00%,
01/20/2046
57
51
3.00%,
02/20/2046
76
68
3.00%,
03/20/2046
359
323
3.00%,
04/20/2046
233
210
3.00%,
05/20/2046
214
192
3.00%,
06/20/2046
323
289
3.00%,
07/20/2046
965
867
3.00%,
08/20/2046
660
591
3.00%,
09/20/2046
386
346
3.00%,
10/20/2046
255
229
3.00%,
11/20/2046
187
167
3.00%,
11/20/2046
392
350
3.00%,
12/20/2046
480
430
3.00%,
01/20/2047
317
283
3.00%,
07/20/2047
15
13
3.00%,
10/20/2047
327
293
3.00%,
11/20/2047
155
139
3.00%,
12/20/2047
512
458
3.00%,
01/20/2048
220
197
3.00%,
02/20/2048
233
209
3.00%,
03/20/2048
218
196
3.00%,
11/20/2049
8,066
7,231
3.00%,
10/01/2052
(k)
9,000
7,953
3.50%,
09/20/2028
49
47
3.50%,
04/20/2042
372
345
3.50%,
05/20/2042
393
365
3.50%,
06/20/2042
110
102
3.50%,
07/20/2042
438
407
3.50%,
10/20/2042
265
245
3.50%,
01/15/2043
107
100
3.50%,
01/20/2043
143
132
3.50%,
02/20/2043
431
400
3.50%,
03/20/2043
406
377
3.50%,
03/20/2043
193
177
3.50%,
04/15/2043
49
46
3.50%,
04/20/2043
278
255
3.50%,
04/20/2043
395
366
3.50%,
07/20/2043
471
437
3.50%,
08/15/2043
37
35
3.50%,
08/20/2043
360
334
3.50%,
09/20/2043
239
222
3.50%,
07/20/2044
257
238
3.50%,
08/20/2044
273
253
3.50%,
09/20/2044
102
95
3.50%,
10/20/2044
108
100
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
39
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Government
National
Mortgage
Association
(GNMA)
(continued)
3.50%,
11/20/2044
$
115
$
107
3.50%,
12/20/2044
128
119
3.50%,
02/20/2045
127
117
3.50%,
05/20/2045
164
152
3.50%,
06/20/2045
34
32
3.50%,
07/20/2045
245
227
3.50%,
08/20/2045
115
106
3.50%,
09/20/2045
61
56
3.50%,
10/20/2045
452
418
3.50%,
11/20/2045
372
343
3.50%,
12/20/2045
236
218
3.50%,
01/20/2046
587
543
3.50%,
02/20/2046
32
30
3.50%,
03/20/2046
2,996
2,770
3.50%,
04/20/2046
233
215
3.50%,
05/20/2046
314
290
3.50%,
06/20/2046
1,365
1,262
3.50%,
07/15/2046
32
30
3.50%,
07/20/2046
162
150
3.50%,
08/20/2046
729
674
3.50%,
09/20/2046
302
279
3.50%,
10/20/2046
360
333
3.50%,
11/20/2046
274
253
3.50%,
12/20/2046
307
283
3.50%,
01/20/2047
305
282
3.50%,
02/20/2047
180
166
3.50%,
03/20/2047
239
220
3.50%,
04/20/2047
576
531
3.50%,
05/20/2047
172
159
3.50%,
06/20/2047
263
243
3.50%,
07/20/2047
479
443
3.50%,
08/20/2047
758
699
3.50%,
09/20/2047
55
51
3.50%,
10/20/2047
187
172
3.50%,
11/20/2047
244
224
3.50%,
12/20/2047
278
256
3.50%,
01/20/2048
389
359
3.50%,
02/20/2048
61
56
3.50%,
07/20/2048
121
111
3.50%,
10/01/2052
(k)
3,000
2,729
4.00%,
08/15/2040
33
32
4.00%,
12/20/2040
18
17
4.00%,
08/15/2041
28
27
4.00%,
11/15/2041
49
47
4.00%,
03/15/2042
28
27
4.00%,
03/20/2042
77
74
4.00%,
04/20/2042
67
64
4.00%,
05/15/2042
91
86
4.00%,
10/20/2043
36
35
4.00%,
11/20/2043
85
81
4.00%,
02/20/2044
204
193
4.00%,
03/15/2044
69
66
4.00%,
05/20/2044
131
124
4.00%,
06/20/2044
97
92
4.00%,
07/20/2044
394
374
4.00%,
08/20/2044
282
268
4.00%,
09/20/2044
257
244
4.00%,
10/20/2044
339
321
4.00%,
11/20/2044
149
142
4.00%,
12/20/2044
274
260
4.00%,
01/20/2045
231
219
4.00%,
04/20/2045
145
137
4.00%,
05/15/2045
89
85
4.00%,
07/20/2045
54
51
4.00%,
08/20/2045
138
131
4.00%,
09/20/2045
194
184
4.00%,
10/20/2045
104
99
4.00%,
11/20/2045
38
36
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Government
National
Mortgage
Association
(GNMA)
(continued)
4.00%,
12/15/2045
$
44
$
43
4.00%,
12/20/2045
97
92
4.00%,
01/20/2046
60
57
4.00%,
02/20/2046
88
83
4.00%,
04/20/2046
144
135
4.00%,
05/20/2046
71
67
4.00%,
07/20/2046
149
141
4.00%,
01/20/2047
287
272
4.00%,
02/20/2047
222
211
4.00%,
03/20/2047
206
195
4.00%,
05/20/2047
273
259
4.00%,
06/20/2047
277
263
4.00%,
07/20/2047
667
633
4.00%,
08/20/2047
32
30
4.00%,
09/20/2047
2,090
1,989
4.00%,
10/20/2047
153
145
4.00%,
10/01/2052
(k)
6,000
5,603
4.50%,
02/15/2039
70
68
4.50%,
05/15/2039
50
49
4.50%,
11/15/2039
185
182
4.50%,
04/15/2040
137
135
4.50%,
01/20/2041
22
21
4.50%,
02/20/2041
21
20
4.50%,
03/20/2041
16
16
4.50%,
07/15/2041
43
42
4.50%,
05/20/2043
65
64
4.50%,
06/20/2043
72
71
4.50%,
10/20/2043
58
58
4.50%,
11/20/2043
187
187
4.50%,
03/20/2044
271
267
4.50%,
04/20/2044
12
12
4.50%,
05/20/2044
198
197
4.50%,
07/20/2044
102
101
4.50%,
12/20/2044
43
42
4.50%,
02/20/2045
111
110
4.50%,
03/20/2045
47
47
4.50%,
04/20/2045
58
57
4.50%,
06/20/2046
56
56
4.50%,
12/20/2046
171
171
4.50%,
02/20/2047
99
97
4.50%,
04/20/2047
65
64
4.50%,
06/15/2047
45
44
4.50%,
08/20/2047
136
133
4.50%,
10/20/2047
65
63
4.50%,
02/20/2048
1,037
1,008
4.50%,
05/20/2048
752
731
4.50%,
08/20/2048
189
183
4.50%,
10/20/2048
113
109
4.50%,
11/20/2048
173
168
4.50%,
12/20/2048
51
49
4.50%,
10/01/2052
(k)
5,000
4,786
5.00%,
07/15/2035
46
46
5.00%,
04/15/2041
135
135
5.00%,
08/20/2041
44
45
5.00%,
04/20/2042
35
36
5.00%,
12/20/2042
102
104
5.00%,
07/20/2043
60
61
5.00%,
02/20/2044
64
64
5.00%,
03/20/2044
39
39
5.00%,
12/20/2045
57
57
5.00%,
03/20/2048
44
44
5.00%,
06/20/2048
846
835
5.00%,
10/20/2048
57
56
5.50%,
01/15/2040
50
52
5.50%,
06/20/2040
26
27
5.50%,
01/20/2041
114
119
5.50%,
10/20/2042
44
46
5.50%,
09/20/2043
50
52
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
40
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Government
National
Mortgage
Association
(GNMA)
(continued)
6.00%,
04/15/2035
$
7
$
8
$
139,542
U.S.
Treasury
-
40
.73
%
0.13%,
10/15/2023
925
886
0.13%,
01/15/2024
9,930
9,412
0.25%,
11/15/2023
5,595
5,348
0.25%,
03/15/2024
3,325
3,136
0.25%,
05/15/2024
8,055
7,546
0.25%,
06/15/2024
8,105
7,570
0.25%,
05/31/2025
2,360
2,123
0.25%,
06/30/2025
7,025
6,305
0.25%,
07/31/2025
10,330
9,233
0.25%,
08/31/2025
9,680
8,623
0.25%,
09/30/2025
12,000
10,665
0.25%,
10/31/2025
2,345
2,077
0.38%,
10/31/2023
4,000
3,834
0.38%,
08/15/2024
12,055
11,214
0.38%,
09/15/2024
1,060
983
0.38%,
04/30/2025
8,100
7,337
0.38%,
11/30/2025
4,675
4,145
0.38%,
01/31/2026
2,475
2,180
0.38%,
07/31/2027
8,175
6,863
0.38%,
09/30/2027
3,705
3,091
0.50%,
03/31/2025
4,250
3,877
0.50%,
02/28/2026
3,990
3,521
0.50%,
04/30/2027
2,100
1,786
0.50%,
05/31/2027
3,290
2,791
0.50%,
06/30/2027
4,645
3,932
0.50%,
08/31/2027
5,260
4,431
0.50%,
10/31/2027
5,060
4,236
0.63%,
07/31/2026
4,210
3,682
0.63%,
03/31/2027
5,975
5,126
0.63%,
11/30/2027
4,645
3,905
0.63%,
12/31/2027
9,865
8,275
0.63%,
05/15/2030
6,235
4,912
0.63%,
08/15/2030
10,525
8,247
0.75%,
12/31/2023
11,365
10,880
0.75%,
03/31/2026
8,220
7,299
0.75%,
04/30/2026
2,800
2,479
0.75%,
05/31/2026
5,825
5,144
0.75%,
08/31/2026
11,000
9,647
0.75%,
01/31/2028
10,170
8,561
0.88%,
01/31/2024
1,975
1,887
0.88%,
06/30/2026
4,900
4,338
0.88%,
09/30/2026
11,885
10,456
0.88%,
11/15/2030
8,185
6,521
1.00%,
07/31/2028
5,165
4,351
1.13%,
02/28/2025
8,950
8,312
1.13%,
10/31/2026
3,635
3,223
1.13%,
02/28/2027
2,670
2,351
1.13%,
02/29/2028
8,345
7,162
1.13%,
08/31/2028
6,155
5,211
1.13%,
02/15/2031
10,685
8,652
1.13%,
05/15/2040
3,760
2,350
1.13%,
08/15/2040
3,925
2,431
1.25%,
08/31/2024
7,600
7,183
1.25%,
11/30/2026
3,875
3,448
1.25%,
03/31/2028
7,125
6,143
1.25%,
04/30/2028
7,750
6,668
1.25%,
05/31/2028
7,415
6,367
1.25%,
06/30/2028
4,550
3,899
1.25%,
09/30/2028
5,680
4,835
1.25%,
08/15/2031
8,160
6,595
1.25%,
05/15/2050
6,330
3,543
1.38%,
08/31/2026
3,400
3,060
1.38%,
10/31/2028
4,050
3,469
1.38%,
12/31/2028
1,375
1,177
1.38%,
11/15/2031
9,140
7,426
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
1.38%,
11/15/2040
$
6,555
$
4,237
1.38%,
08/15/2050
5,155
2,985
1.50%,
09/30/2024
5,950
5,641
1.50%,
10/31/2024
1,000
946
1.50%,
11/30/2024
7,880
7,434
1.50%,
01/31/2027
5,200
4,661
1.50%,
11/30/2028
3,015
2,599
1.50%,
02/15/2030
5,660
4,803
1.63%,
10/31/2023
3,160
3,071
1.63%,
02/15/2026
3,315
3,044
1.63%,
05/15/2026
3,345
3,057
1.63%,
09/30/2026
1,265
1,148
1.63%,
11/30/2026
(e)
1,500
1,357
1.63%,
08/15/2029
3,750
3,234
1.63%,
05/15/2031
10,330
8,671
1.63%,
11/15/2050
6,050
3,756
1.75%,
06/30/2024
3,970
3,801
1.75%,
12/31/2024
5,620
5,325
1.75%,
01/31/2029
4,390
3,834
1.75%,
11/15/2029
7,245
6,294
1.75%,
08/15/2041
6,835
4,673
1.88%,
08/31/2024
10,985
10,504
1.88%,
07/31/2026
7,400
6,802
1.88%,
02/28/2029
3,180
2,799
1.88%,
02/15/2032
8,390
7,109
1.88%,
02/15/2041
7,880
5,582
1.88%,
02/15/2051
7,680
5,084
1.88%,
11/15/2051
8,735
5,776
2.00%,
04/30/2024
4,035
3,892
2.00%,
05/31/2024
6,765
6,515
2.00%,
06/30/2024
5,195
4,995
2.00%,
02/15/2025
8,570
8,132
2.00%,
08/15/2025
4,850
4,556
2.00%,
11/15/2026
9,295
8,535
2.00%,
11/15/2041
5,650
4,044
2.00%,
02/15/2050
4,735
3,253
2.00%,
08/15/2051
6,555
4,477
2.13%,
11/30/2023
3,960
3,864
2.13%,
03/31/2024
3,525
3,413
2.13%,
07/31/2024
5,580
5,368
2.13%,
09/30/2024
4,770
4,578
2.13%,
11/30/2024
4,460
4,263
2.13%,
05/15/2025
2,880
2,728
2.13%,
05/31/2026
2,000
1,859
2.25%,
12/31/2023
3,655
3,565
2.25%,
01/31/2024
1,475
1,436
2.25%,
03/31/2024
2,860
2,774
2.25%,
04/30/2024
4,850
4,696
2.25%,
10/31/2024
3,336
3,203
2.25%,
11/15/2024
8,963
8,597
2.25%,
12/31/2024
3,000
2,873
2.25%,
11/15/2025
2,500
2,354
2.25%,
03/31/2026
5,000
4,684
2.25%,
02/15/2027
8,160
7,542
2.25%,
08/15/2027
5,535
5,088
2.25%,
11/15/2027
9,840
9,004
2.25%,
05/15/2041
4,845
3,663
2.25%,
08/15/2046
3,195
2,301
2.25%,
08/15/2049
3,790
2,771
2.25%,
02/15/2052
5,280
3,836
2.38%,
02/29/2024
4,635
4,513
2.38%,
08/15/2024
4,595
4,437
2.38%,
04/30/2026
5,000
4,700
2.38%,
05/15/2027
8,780
8,138
2.38%,
03/31/2029
4,020
3,640
2.38%,
05/15/2029
4,795
4,339
2.38%,
02/15/2042
3,705
2,839
2.38%,
11/15/2049
3,960
2,982
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
41
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
2.38%,
05/15/2051
$
6,885
$
5,151
2.50%,
01/31/2024
12,700
12,399
2.50%,
04/30/2024
5,725
5,565
2.50%,
05/15/2024
3,066
2,978
2.50%,
05/31/2024
3,220
3,127
2.50%,
01/31/2025
3,300
3,170
2.50%,
02/15/2045
3,450
2,630
2.50%,
02/15/2046
2,925
2,221
2.50%,
05/15/2046
2,520
1,910
2.63%,
03/31/2025
1,805
1,735
2.63%,
12/31/2025
5,000
4,757
2.63%,
02/15/2029
8,305
7,653
2.63%,
07/31/2029
2,325
2,136
2.75%,
11/15/2023
5,656
5,558
2.75%,
02/15/2024
5,336
5,221
2.75%,
02/28/2025
8,615
8,315
2.75%,
06/30/2025
1,280
1,230
2.75%,
08/31/2025
5,225
5,010
2.75%,
02/15/2028
9,145
8,564
2.75%,
08/15/2032
3,535
3,232
2.75%,
08/15/2042
1,591
1,292
2.75%,
11/15/2042
2,610
2,114
2.75%,
08/15/2047
3,060
2,445
2.75%,
11/15/2047
3,405
2,724
2.88%,
10/31/2023
3,000
2,955
2.88%,
11/30/2023
5,445
5,355
2.88%,
05/31/2025
4,120
3,975
2.88%,
07/31/2025
2,000
1,927
2.88%,
11/30/2025
3,435
3,296
2.88%,
05/15/2028
4,400
4,135
2.88%,
08/15/2028
5,825
5,465
2.88%,
04/30/2029
6,595
6,157
2.88%,
05/15/2032
9,875
9,130
2.88%,
05/15/2043
3,773
3,110
2.88%,
08/15/2045
2,145
1,750
2.88%,
11/15/2046
1,565
1,278
2.88%,
05/15/2049
4,615
3,846
2.88%,
05/15/2052
5,525
4,633
3.00%,
07/15/2025
100
97
3.00%,
09/30/2025
2,775
2,678
3.00%,
10/31/2025
4,500
4,340
3.00%,
05/15/2042
1,200
1,021
3.00%,
11/15/2044
2,375
1,984
3.00%,
05/15/2045
1,845
1,540
3.00%,
11/15/2045
1,320
1,102
3.00%,
02/15/2047
3,115
2,604
3.00%,
05/15/2047
2,150
1,800
3.00%,
02/15/2048
2,990
2,517
3.00%,
08/15/2048
2,745
2,322
3.00%,
02/15/2049
4,115
3,511
3.00%,
08/15/2052
2,120
1,830
3.13%,
11/15/2028
8,255
7,844
3.13%,
08/31/2029
4,085
3,877
3.13%,
11/15/2041
1,700
1,479
3.13%,
02/15/2042
805
701
3.13%,
02/15/2043
1,480
1,272
3.13%,
08/15/2044
3,045
2,602
3.13%,
05/15/2048
4,020
3,476
3.25%,
06/30/2029
2,055
1,964
3.25%,
05/15/2042
2,040
1,811
3.38%,
05/15/2044
3,525
3,145
3.38%,
11/15/2048
4,815
4,383
3.50%,
02/15/2039
1,170
1,114
3.63%,
08/15/2043
1,880
1,753
3.63%,
02/15/2044
1,755
1,631
3.75%,
08/15/2041
755
724
3.75%,
11/15/2043
1,935
1,838
3.88%,
08/15/2040
1,669
1,640
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
4.25%,
05/15/2039
$
1,190
$
1,240
4.25%,
11/15/2040
1,135
1,171
4.38%,
02/15/2038
1,445
1,538
4.38%,
11/15/2039
2,970
3,136
4.38%,
05/15/2040
1,489
1,566
4.38%,
05/15/2041
1,660
1,739
4.50%,
02/15/2036
1,590
1,719
4.50%,
05/15/2038
710
765
4.50%,
08/15/2039
1,235
1,326
4.63%,
02/15/2040
1,100
1,196
4.75%,
02/15/2037
660
732
4.75%,
02/15/2041
1,753
1,927
5.25%,
02/15/2029
2,000
2,135
5.38%,
02/15/2031
3,616
3,997
6.00%,
02/15/2026
2,000
2,108
6.13%,
11/15/2027
2,225
2,428
6.13%,
08/15/2029
1,000
1,128
6.25%,
05/15/2030
1,500
1,727
6.38%,
08/15/2027
1,830
2,010
6.88%,
08/15/2025
1,000
1,069
$
914,440
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
1,543,839
Total
Investments
$
2,355,655
Other
Assets
and
Liabilities
- (4.91)%
(
110,283
)
TOTAL
NET
ASSETS
-
100.00%
$
2,245,372
(a)
Current
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$9,763
or
0.43%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(e)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$9,436
or
0.42%
of
net
assets.
(f)
Non-income
producing
security
(g)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions. These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(h)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$11,483
or
0.51%
of
net
assets.
(i)
Security
purchased
on
a
when-issued
basis.
(j)
Credit
support
indicates
investments
that
benefit
from
credit
enhancement
or
liquidity
support
provided
by
a
third
party
bank,
institution,
or
government
agency.
(k)
Security
was
purchased
in
a
"to-be-announced"
("TBA")
transaction.
Schedule
of
Investments
Bond
Market
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
42
Portfolio
Summary (unaudited)
Sector
Percent
Government
44
.79
%
Mortgage
Securities
29
.49
%
Financial
8
.29
%
Money
Market
Funds
5
.62
%
Consumer,
Non-cyclical
4
.26
%
Communications
2
.31
%
Utilities
2
.03
%
Technology
1
.88
%
Industrial
1
.86
%
Energy
1
.73
%
Consumer,
Cyclical
1
.41
%
Basic
Materials
0
.66
%
Revenue
Bonds
0
.33
%
General
Obligation
Unlimited
0
.21
%
Insured
0
.04
%
General
Obligation
Limited
0
.00
%
Other
Assets
and
Liabilities
(
4
.91
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
285,079
$
562,220
$
723,852
$
123,447
$
285,079
$
562,220
$
723,852
$
123,447
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
818
$
—
$
—
$
—
$
818
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Core
Plus
Bond
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
43
INVESTMENT
COMPANIES
-
5
.09
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
5
.09
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
2.77%
(a),(b)
1,387,345
$
1,387
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(c)
8,062,001
8,062
$
9,449
TOTAL
INVESTMENT
COMPANIES
$
9,449
COMMON
STOCKS
-
0
.01
%
Shares
Held
Value
(000's)
Oil
&
Gas
-
0
.01
%
EP
Energy
Corp
(d)
2,695
$
22
TOTAL
COMMON
STOCKS
$
22
BONDS
-
52
.60
%
Principal
Amount
(000's)
Value
(000's)
Aerospace
&
Defense
-
1
.71
%
Boeing
Co/The
1.95%,
02/01/2024
$
1,370
$
1,314
2.20%,
02/04/2026
635
564
3.10%,
05/01/2026
190
173
3.75%,
02/01/2050
355
231
4.88%,
05/01/2025
380
371
Bombardier
Inc
7.13%,
06/15/2026
(e)
25
23
7.50%,
03/15/2025
(e)
34
33
TransDigm
Inc
4.88%,
05/01/2029
55
44
6.25%,
03/15/2026
(e)
40
39
7.50%,
03/15/2027
151
144
8.00%,
12/15/2025
(e)
75
76
Triumph
Group
Inc
8.88%,
06/01/2024
(e)
168
166
$
3,178
Agriculture
-
0
.12
%
BAT
Capital
Corp
4.54%,
08/15/2047
120
79
Reynolds
American
Inc
5.70%,
08/15/2035
165
140
$
219
Airlines
-
0
.36
%
American
Airlines
2021-1
Class
B
Pass
Through
Trust
3.95%,
01/11/2032
10
8
American
Airlines
Inc/AAdvantage
Loyalty
IP
Ltd
5.75%,
04/20/2029
(e)
20
17
Delta
Air
Lines
Inc
/
SkyMiles
IP
Ltd
4.50%,
10/20/2025
(e)
252
245
Hawaiian
Brand
Intellectual
Property
Ltd
/
HawaiianMiles
Loyalty
Ltd
5.75%,
01/20/2026
(e)
165
145
Southwest
Airlines
Co
5.25%,
05/04/2025
255
255
$
670
Automobile
Asset
Backed
Securities
-
3
.83
%
AmeriCredit
Automobile
Receivables
Trust
2022-2
3.43%,
12/18/2025
970
970
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
1.15%
Capital
One
Prime
Auto
Receivables
Trust
2021-1
0.32%,
02/18/2025
352
347
Capital
One
Prime
Auto
Receivables
Trust
2022-1
2.71%,
06/16/2025
565
557
Carmax
Auto
Owner
Trust
2020-1
1.89%,
12/16/2024
445
441
CarMax
Auto
Owner
Trust
2021-4
0.24%,
11/15/2024
143
142
CarMax
Auto
Owner
Trust
2022-1
0.91%,
02/18/2025
379
375
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Asset
Backed
Securities
(continued)
Carvana
Auto
Receivables
Trust
2021-P3
0.38%,
01/10/2025
$
138
$
137
Carvana
Auto
Receivables
Trust
2021-P4
0.82%,
04/10/2025
251
248
Ford
Credit
Auto
Owner
Trust
2022-C
2.80%,
04/15/2025
730
730
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.52%
GM
Financial
Consumer
Automobile
Receivables
Trust
2021-4
0.28%,
11/18/2024
260
256
Hyundai
Auto
Lease
Securitization
Trust
2022-B
2.91%,
10/15/2024
(e)
400
400
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.62%
Nissan
Auto
Lease
Trust
2021-A
0.30%,
12/15/2023
288
285
Nissan
Auto
Receivables
2022-B
Owner
Trust
4.50%,
08/15/2025
545
544
Santander
Drive
Auto
Receivables
Trust
2022-3
2.76%,
03/17/2025
512
510
Santander
Drive
Auto
Receivables
Trust
2022-6
4.37%,
05/15/2025
635
633
Toyota
Auto
Receivables
2022-B
Owner
Trust
2.78%,
01/15/2025
435
435
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
0.49%
World
Omni
Select
Auto
Trust
2021-A
0.29%,
02/18/2025
97
96
$
7,106
Automobile
Manufacturers
-
1
.20
%
BMW
US
Capital
LLC
3.90%,
04/09/2025
(e)
300
291
Ford
Motor
Credit
Co
LLC
2.90%,
02/10/2029
300
227
3.35%,
11/01/2022
290
290
3.38%,
11/13/2025
320
283
General
Motors
Co
4.88%,
10/02/2023
665
662
General
Motors
Financial
Co
Inc
1.20%,
10/15/2024
170
156
1.25%,
01/08/2026
375
322
$
2,231
Automobile
Parts
&
Equipment
-
0
.19
%
Dana
Inc
5.38%,
11/15/2027
55
47
Tenneco
Inc
5.00%,
07/15/2026
(f)
60
58
5.13%,
04/15/2029
(e)
25
25
7.88%,
01/15/2029
(e)
225
219
$
349
Banks
-
9
.00
%
Banco
Santander
SA
3.22%,
11/22/2032
(g)
200
140
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.60%
5.29%,
08/18/2027
200
188
Bank
of
America
Corp
1.66%,
03/11/2027
(g)
350
303
Secured
Overnight
Financing
Rate
+
0.91%
2.48%,
09/21/2036
(g)
900
650
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
1.20%
2.68%,
06/19/2041
(g)
680
439
Secured
Overnight
Financing
Rate
+
1.93%
2.69%,
04/22/2032
(g)
235
183
Secured
Overnight
Financing
Rate
+
1.32%
Schedule
of
Investments
Core
Plus
Bond
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
44
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Bank
of
America
Corp
(continued)
3.85%,
03/08/2037
(g)
$
50
$
40
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.00%
4.18%,
11/25/2027
350
324
4.20%,
08/26/2024
220
216
4.57%,
04/27/2033
(g)
175
157
Secured
Overnight
Financing
Rate
+
1.83%
4.83%,
07/22/2026
(g)
250
244
Secured
Overnight
Financing
Rate
+
1.75%
Barclays
PLC
2.28%,
11/24/2027
(g)
200
167
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.05%
2.85%,
05/07/2026
(g)
600
545
Secured
Overnight
Financing
Rate
+
2.71%
3.33%,
11/24/2042
(g)
350
221
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.30%
7.75%,
09/15/2023
(g),(h),(i)
200
185
USD
Swap
Semi-Annual
5
Year
+
4.84%
BNP
Paribas
SA
2.22%,
06/09/2026
(e),(g)
400
360
Secured
Overnight
Financing
Rate
+
2.07%
Citigroup
Inc
3.11%,
04/08/2026
(g)
495
464
Secured
Overnight
Financing
Rate
+
2.84%
3.79%,
03/17/2033
(g)
415
348
Secured
Overnight
Financing
Rate
+
1.94%
5.61%,
09/29/2026
(g)
380
378
Secured
Overnight
Financing
Rate
+
1.55%
Credit
Suisse
AG/New
York
NY
2.95%,
04/09/2025
665
612
Credit
Suisse
Group
AG
2.19%,
06/05/2026
(e),(g)
500
435
Secured
Overnight
Financing
Rate
+
2.04%
5.25%,
02/11/2027
(e),(g),(h),(i)
205
144
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.89%
DBS
Group
Holdings
Ltd
4.52%,
12/11/2028
(e),(g)
315
312
USD
Swap
Rate
NY
5
Year
+
1.59%
Deutsche
Bank
AG/New
York
NY
2.22%,
09/18/2024
(g)
375
357
Secured
Overnight
Financing
Rate
+
2.16%
Goldman
Sachs
Group
Inc/The
3.10%,
02/24/2033
(g)
360
286
Secured
Overnight
Financing
Rate
+
1.41%
3.63%,
02/20/2024
250
246
3.85%,
01/26/2027
160
149
HSBC
Holdings
PLC
2.80%,
05/24/2032
(g)
365
268
Secured
Overnight
Financing
Rate
+
1.19%
4.25%,
03/14/2024
435
426
JPMorgan
Chase
&
Co
2.08%,
04/22/2026
(g)
335
305
Secured
Overnight
Financing
Rate
+
1.85%
4.60%,
02/01/2025
(g),(h)
205
179
Secured
Overnight
Financing
Rate
+
3.13%
4.91%,
07/25/2033
(g)
315
290
Secured
Overnight
Financing
Rate
+
2.08%
KeyBank
NA/Cleveland
OH
4.15%,
08/08/2025
500
485
Lloyds
Banking
Group
PLC
3.87%,
07/09/2025
(g)
850
820
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
3.50%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Morgan
Stanley
0.99%,
12/10/2026
(g)
$
1,861
$
1,605
Secured
Overnight
Financing
Rate
+
0.72%
2.48%,
09/16/2036
(g)
225
161
Secured
Overnight
Financing
Rate
+
1.36%
4.35%,
09/08/2026
800
762
5.00%,
11/24/2025
230
227
Santander
UK
Group
Holdings
PLC
1.09%,
03/15/2025
(g)
345
318
Secured
Overnight
Financing
Rate
+
0.79%
2.90%,
03/15/2032
(g)
250
186
Secured
Overnight
Financing
Rate
+
1.48%
Standard
Chartered
PLC
2.82%,
01/30/2026
(e),(g)
535
492
3
Month
USD
LIBOR
+
1.21%
6.00%,
07/26/2025
(e),(g),(h),(i)
215
191
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.66%
Toronto-Dominion
Bank/The
4.69%,
09/15/2027
(f)
250
242
UBS
Group
AG
4.75%,
05/12/2028
(e),(g)
235
221
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.75%
UniCredit
SpA
1.98%,
06/03/2027
(e),(g)
200
163
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.20%
Wells
Fargo
&
Co
3.75%,
01/24/2024
330
325
4.61%,
04/25/2053
(g)
320
260
Secured
Overnight
Financing
Rate
+
2.13%
4.90%,
07/25/2033
(g)
145
134
Secured
Overnight
Financing
Rate
+
2.10%
Westpac
Banking
Corp
4.11%,
07/24/2034
(g)
85
72
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
2.00%
4.42%,
07/24/2039
615
494
$
16,719
Beverages
-
0
.44
%
Anheuser-Busch
Cos
LLC
/
Anheuser-Busch
InBev
Worldwide
Inc
3.65%,
02/01/2026
115
111
Anheuser-Busch
InBev
Worldwide
Inc
4.38%,
04/15/2038
190
162
4.60%,
04/15/2048
280
232
5.45%,
01/23/2039
225
214
Central
American
Bottling
Corp
/
CBC
Bottling
Holdco
SL
/
Beliv
Holdco
SL
5.25%,
04/27/2029
(e)
70
61
PepsiCo
Inc
4.20%,
07/18/2052
45
40
$
820
Biotechnology
-
0
.08
%
CSL
Finance
PLC
4.75%,
04/27/2052
(e)
175
151
Building
Materials
-
0
.48
%
Builders
FirstSource
Inc
4.25%,
02/01/2032
(e)
235
180
Cemex
SAB
de
CV
3.88%,
07/11/2031
(e)
325
256
GCC
SAB
de
CV
3.61%,
04/20/2032
(e)
200
162
SRM
Escrow
Issuer
LLC
6.00%,
11/01/2028
(e)
370
301
$
899
Schedule
of
Investments
Core
Plus
Bond
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
45
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Chemicals
-
0
.91
%
Braskem
Netherlands
Finance
BV
4.50%,
01/31/2030
(e)
$
200
$
162
Consolidated
Energy
Finance
SA
5.63%,
10/15/2028
(e)
260
208
6.50%,
05/15/2026
(e)
150
139
Element
Solutions
Inc
3.88%,
09/01/2028
(e)
181
146
Olympus
Water
US
Holding
Corp
4.25%,
10/01/2028
(e)
275
211
Orbia
Advance
Corp
SAB
de
CV
2.88%,
05/11/2031
(e)
350
255
SABIC
Capital
II
BV
4.00%,
10/10/2023
(e)
200
197
Sherwin-Williams
Co/The
4.25%,
08/08/2025
150
146
Westlake
Corp
2.88%,
08/15/2041
358
227
$
1,691
Commercial
Mortgage
Backed
Securities
-
1
.95
%
Benchmark
2019-B15
Mortgage
Trust
3.56%,
12/15/2072
250
208
Benchmark
2021-B25
Mortgage
Trust
2.58%,
04/15/2054
150
122
Citigroup
Commercial
Mortgage
Trust
2015-GC27
3.57%,
02/10/2048
900
853
Citigroup
Commercial
Mortgage
Trust
2016-GC37
3.58%,
04/10/2049
350
322
GS
Mortgage
Securities
Trust
2011-GC5
0.09%,
08/10/2044
(e),(j),(k)
1,405
—
GS
Mortgage
Securities
Trust
2013-GC16
1.18%,
11/10/2046
(j),(k)
1,764
13
GS
Mortgage
Securities
Trust
2014-GC26
1.09%,
11/10/2047
(j),(k)
3,496
56
GS
Mortgage
Securities
Trust
2015-GC34
3.51%,
10/10/2048
375
355
GS
Mortgage
Securities
Trust
2020-GSA2
2.01%,
12/12/2053
350
272
JP
Morgan
Chase
Commercial
Mortgage
Securities
Trust
2012-LC9
1.31%,
12/15/2047
(j),(k)
620
—
JP
Morgan
Chase
Commercial
Mortgage
Securities
Trust
2016-JP3
3.14%,
08/15/2049
500
438
JPMBB
Commercial
Mortgage
Securities
Trust
2014-C24
4.53%,
11/15/2047
(k)
500
429
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
2014-C14
1.08%,
02/15/2047
(j),(k)
2,826
22
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
2014-C16
1.10%,
06/15/2047
(j),(k)
2,898
27
MSBAM
Commercial
Mortgage
Securities
Trust
2012-CKSV
1.15%,
10/15/2030
(e),(j),(k)
3,366
—
SREIT
Trust
2021-MFP
3.55%,
11/15/2038
(e)
350
334
1.00
x
1
Month
USD
LIBOR
+
0.73%
UBS-Barclays
Commercial
Mortgage
Trust
2012-C4
1.54%,
12/10/2045
(e),(j),(k)
59
—
3.32%,
12/10/2045
(e)
158
158
WFRBS
Commercial
Mortgage
Trust
2013-C12
1.22%,
03/15/2048
(e),(j),(k)
1,368
2
$
3,611
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Services
-
0
.71
%
Ahern
Rentals
Inc
7.38%,
05/15/2023
(e)
$
40
$
27
DP
World
Ltd/United
Arab
Emirates
6.85%,
07/02/2037
100
102
PayPal
Holdings
Inc
3.25%,
06/01/2050
300
203
3.90%,
06/01/2027
(f)
300
288
Prime
Security
Services
Borrower
LLC
/
Prime
Finance
Inc
3.38%,
08/31/2027
(e)
64
54
6.25%,
01/15/2028
(e)
107
91
United
Rentals
North
America
Inc
3.88%,
02/15/2031
80
65
4.88%,
01/15/2028
164
150
WASH
Multifamily
Acquisition
Inc
5.75%,
04/15/2026
(e)
195
180
ZipRecruiter
Inc
5.00%,
01/15/2030
(e)
185
149
$
1,309
Computers
-
0
.48
%
Dell
International
LLC
/
EMC
Corp
3.38%,
12/15/2041
(e)
350
217
6.10%,
07/15/2027
435
438
NCR
Corp
5.13%,
04/15/2029
(e)
240
180
Seagate
HDD
Cayman
3.38%,
07/15/2031
90
63
$
898
Consumer
Products
-
0
.02
%
Kronos
Acquisition
Holdings
Inc
/
KIK
Custom
Products
Inc
5.00%,
12/31/2026
(e)
40
35
Diversified
Financial
Services
-
2
.82
%
AerCap
Holdings
NV
5.88%,
10/10/2079
(f),(g)
150
134
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
4.54%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
2.45%,
10/29/2026
395
333
3.00%,
10/29/2028
470
377
3.15%,
02/15/2024
1,000
960
4.50%,
09/15/2023
465
458
Air
Lease
Corp
1.88%,
08/15/2026
465
394
2.88%,
01/15/2026
290
259
Ally
Financial
Inc
5.80%,
05/01/2025
210
211
Aviation
Capital
Group
LLC
1.95%,
09/20/2026
(e)
1,000
810
Avolon
Holdings
Funding
Ltd
2.75%,
02/21/2028
(e)
475
373
Credit
Acceptance
Corp
5.13%,
12/31/2024
(e)
75
70
6.63%,
03/15/2026
196
182
Global
Aircraft
Leasing
Co
Ltd
6.50%,
PIK
7.25%;
09/15/2024
(e),(k),(l)
190
143
ILFC
E-Capital
Trust
II
5.37%,
12/21/2065
(e),(k)
100
68
LPL
Holdings
Inc
4.00%,
03/15/2029
(e)
205
176
OneMain
Finance
Corp
4.00%,
09/15/2030
50
35
5.63%,
03/15/2023
45
45
6.63%,
01/15/2028
42
36
6.88%,
03/15/2025
189
178
$
5,242
Schedule
of
Investments
Core
Plus
Bond
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
46
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
-
3
.68
%
Ameren
Illinois
Co
3.85%,
09/01/2032
$
46
$
41
Avangrid
Inc
3.20%,
04/15/2025
490
463
Clearway
Energy
Operating
LLC
4.75%,
03/15/2028
(e)
180
160
CMS
Energy
Corp
3.00%,
05/15/2026
75
69
4.70%,
03/31/2043
120
97
Colbun
SA
3.15%,
01/19/2032
(e)
300
229
Commonwealth
Edison
Co
4.00%,
03/01/2049
225
179
DTE
Electric
Co
3.95%,
03/01/2049
60
48
DTE
Energy
Co
3.40%,
06/15/2029
262
229
4.22%,
11/01/2024
(k)
436
428
Duke
Energy
Carolinas
LLC
3.55%,
03/15/2052
75
55
Edison
International
4.70%,
08/15/2025
138
134
Enel
Chile
SA
4.88%,
06/12/2028
280
259
Entergy
Corp
1.90%,
06/15/2028
(f)
424
348
Entergy
Texas
Inc
3.55%,
09/30/2049
280
197
FirstEnergy
Corp
2.25%,
09/01/2030
358
275
Inversiones
Latin
America
Power
Ltda
5.13%,
06/15/2033
(e)
196
96
ITC
Holdings
Corp
4.95%,
09/22/2027
(e)
150
146
Korea
Electric
Power
Corp
5.38%,
04/06/2026
(e),(m)
200
200
Monongahela
Power
Co
3.55%,
05/15/2027
(e)
215
198
NextEra
Energy
Capital
Holdings
Inc
3.50%,
04/01/2029
300
267
NRG
Energy
Inc
3.88%,
02/15/2032
(e)
750
585
Ohio
Edison
Co
5.50%,
01/15/2033
(e)
52
51
Oncor
Electric
Delivery
Co
LLC
4.95%,
09/15/2052
(e)
50
47
Oryx
Funding
Ltd
5.80%,
02/03/2031
200
178
Pacific
Gas
and
Electric
Co
1.70%,
11/15/2023
50
48
4.20%,
06/01/2041
185
127
PECO
Energy
Co
4.38%,
08/15/2052
70
59
Perusahaan
Perseroan
Persero
PT
Perusahaan
Listrik
Negara
3.88%,
07/17/2029
(e)
200
170
PPL
Electric
Utilities
Corp
3.95%,
06/01/2047
85
68
Public
Service
Co
of
Colorado
4.50%,
06/01/2052
43
37
Southern
California
Edison
Co
4.20%,
03/01/2029
125
116
4.88%,
03/01/2049
150
125
State
Grid
Overseas
Investment
BVI
Ltd
3.50%,
05/04/2027
400
381
Tucson
Electric
Power
Co
4.85%,
12/01/2048
25
22
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Vistra
Corp
7.00%,
12/15/2026
(e),(g),(h)
$
75
$
66
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
5
Year
+
5.74%
Vistra
Operations
Co
LLC
4.38%,
05/01/2029
(e)
185
154
WEC
Energy
Group
Inc
5.00%,
09/27/2025
100
100
5.15%,
10/01/2027
134
133
Xcel
Energy
Inc
4.60%,
06/01/2032
269
249
$
6,834
Electrical
Components
&
Equipment
-
0
.15
%
WESCO
Distribution
Inc
7.13%,
06/15/2025
(e)
80
80
7.25%,
06/15/2028
(e)
203
199
$
279
Electronics
-
0
.16
%
Imola
Merger
Corp
4.75%,
05/15/2029
(e)
135
114
Sensata
Technologies
BV
5.00%,
10/01/2025
(e)
100
95
Sensata
Technologies
Inc
3.75%,
02/15/2031
(e)
86
68
4.38%,
02/15/2030
(e)
31
26
$
303
Engineering
&
Construction
-
0
.27
%
Aeropuerto
Internacional
de
Tocumen
SA
5.13%,
08/11/2061
(e)
200
143
Global
Infrastructure
Solutions
Inc
5.63%,
06/01/2029
(e)
265
196
IHS
Holding
Ltd
6.25%,
11/29/2028
(e)
200
152
$
491
Entertainment
-
0
.63
%
Boyne
USA
Inc
4.75%,
05/15/2029
(e)
170
142
Caesars
Entertainment
Inc
6.25%,
07/01/2025
(e)
75
72
CCM
Merger
Inc
6.38%,
05/01/2026
(e)
85
78
CDI
Escrow
Issuer
Inc
5.75%,
04/01/2030
(e)
165
144
Cinemark
USA
Inc
5.25%,
07/15/2028
(e)
185
142
8.75%,
05/01/2025
(e)
55
56
Warnermedia
Holdings
Inc
3.76%,
03/15/2027
(e)
130
116
5.05%,
03/15/2042
(e)
160
120
5.14%,
03/15/2052
(e)
250
182
5.39%,
03/15/2062
(e)
160
116
$
1,168
Environmental
Control
-
0
.23
%
Madison
IAQ
LLC
4.13%,
06/30/2028
(e)
210
169
Waste
Connections
Inc
2.20%,
01/15/2032
175
135
4.20%,
01/15/2033
130
118
$
422
Food
-
1
.55
%
Albertsons
Cos
Inc
/
Safeway
Inc
/
New
Albertsons
LP
/
Albertsons
LLC
4.63%,
01/15/2027
(e)
100
89
Cencosud
SA
4.38%,
07/17/2027
(e)
200
182
Schedule
of
Investments
Core
Plus
Bond
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
47
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Food
(continued)
JBS
USA
LUX
SA
/
JBS
USA
Food
Co
/
JBS
USA
Finance
Inc
3.63%,
01/15/2032
(e)
$
200
$
156
4.38%,
02/02/2052
(e)
526
353
6.50%,
12/01/2052
(e)
215
191
Kraft
Heinz
Foods
Co
3.75%,
04/01/2030
57
50
4.88%,
10/01/2049
435
359
MARB
BondCo
PLC
3.95%,
01/29/2031
200
145
Nestle
Holdings
Inc
4.13%,
10/01/2027
(e)
250
243
Pilgrim's
Pride
Corp
3.50%,
03/01/2032
(e)
100
75
4.25%,
04/15/2031
(e)
875
698
Post
Holdings
Inc
4.50%,
09/15/2031
(e)
215
173
Sysco
Corp
3.15%,
12/14/2051
20
13
3.30%,
07/15/2026
167
156
$
2,883
Forest
Products
&
Paper
-
0
.03
%
Suzano
Austria
GmbH
3.75%,
01/15/2031
75
59
Gas
-
0
.19
%
NiSource
Inc
0.95%,
08/15/2025
400
355
Healthcare
-
Products
-
0
.13
%
Boston
Scientific
Corp
3.45%,
03/01/2024
(f)
127
124
4.55%,
03/01/2039
128
111
$
235
Healthcare
-
Services
-
1
.29
%
Acadia
Healthcare
Co
Inc
5.00%,
04/15/2029
(e)
90
80
Centene
Corp
2.50%,
03/01/2031
150
113
2.63%,
08/01/2031
805
607
3.00%,
10/15/2030
116
92
3.38%,
02/15/2030
112
91
4.25%,
12/15/2027
165
151
CHS/Community
Health
Systems
Inc
6.00%,
01/15/2029
(e)
275
202
8.00%,
03/15/2026
(e)
50
43
HCA
Inc
3.13%,
03/15/2027
(e)
350
310
3.50%,
07/15/2051
195
121
Legacy
LifePoint
Health
LLC
6.75%,
04/15/2025
(e)
65
61
Tenet
Healthcare
Corp
4.63%,
09/01/2024
(e)
75
73
6.13%,
06/15/2030
(e)
265
243
UnitedHealth
Group
Inc
4.75%,
05/15/2052
235
210
$
2,397
Home
Builders
-
0
.25
%
Beazer
Homes
USA
Inc
6.75%,
03/15/2025
80
74
Forestar
Group
Inc
3.85%,
05/15/2026
(e)
35
29
5.00%,
03/01/2028
(e)
100
80
Lennar
Corp
4.75%,
05/30/2025
100
98
M/I
Homes
Inc
3.95%,
02/15/2030
150
110
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Home
Builders
(continued)
Picasso
Finance
Sub
Inc
6.13%,
06/15/2025
(e)
$
72
$
71
$
462
Home
Equity
Asset
Backed
Securities
-
0
.03
%
Saxon
Asset
Securities
Trust
2004-1
2.02%,
03/25/2035
97
54
1.00
x
1
Month
USD
LIBOR
+
1.70%
Insurance
-
1
.13
%
Acrisure
LLC
/
Acrisure
Finance
Inc
4.25%,
02/15/2029
(e)
180
141
7.00%,
11/15/2025
(e)
80
73
AIA
Group
Ltd
3.20%,
09/16/2040
(e)
320
239
American
International
Group
Inc
3.90%,
04/01/2026
70
67
Arch
Capital
Finance
LLC
4.01%,
12/15/2026
125
119
Arch
Capital
Group
Ltd
3.64%,
06/30/2050
275
187
Arthur
J
Gallagher
&
Co
3.50%,
05/20/2051
275
187
Corebridge
Financial
Inc
4.40%,
04/05/2052
(e)
195
148
Enstar
Group
Ltd
3.10%,
09/01/2031
240
171
Markel
Corp
3.35%,
09/17/2029
265
230
4.30%,
11/01/2047
95
73
MassMutual
Global
Funding
II
4.15%,
08/26/2025
(e)
380
370
MetLife
Inc
5.00%,
07/15/2052
110
100
$
2,105
Internet
-
0
.64
%
Alibaba
Group
Holding
Ltd
2.13%,
02/09/2031
200
154
Amazon.com
Inc
3.10%,
05/12/2051
220
154
Baidu
Inc
4.38%,
05/14/2024
200
198
Meta
Platforms
Inc
3.50%,
08/15/2027
(e)
200
187
4.45%,
08/15/2052
(e)
125
102
Netflix
Inc
4.38%,
11/15/2026
177
167
4.88%,
06/15/2030
(e),(f)
80
73
Prosus
NV
4.19%,
01/19/2032
(e)
200
147
$
1,182
Investment
Companies
-
0
.21
%
Blackstone
Private
Credit
Fund
4.70%,
03/24/2025
(f)
215
204
Compass
Group
Diversified
Holdings
LLC
5.25%,
04/15/2029
(e)
180
141
Icahn
Enterprises
LP
/
Icahn
Enterprises
Finance
Corp
4.75%,
09/15/2024
55
51
$
396
Iron
&
Steel
-
0
.07
%
Nucor
Corp
3.85%,
04/01/2052
70
51
Vale
Overseas
Ltd
3.75%,
07/08/2030
100
81
$
132
Leisure
Products
&
Services
-
0
.24
%
Life
Time
Inc
5.75%,
01/15/2026
(e)
215
196
Schedule
of
Investments
Core
Plus
Bond
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
48
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Leisure
Products
&
Services
(continued)
NCL
Corp
Ltd
5.88%,
02/15/2027
(e)
$
70
$
58
NCL
Finance
Ltd
6.13%,
03/15/2028
(e)
115
85
Royal
Caribbean
Cruises
Ltd
9.13%,
06/15/2023
(e)
105
107
$
446
Lodging
-
0
.45
%
Marriott
International
Inc/MD
2.75%,
10/15/2033
425
309
3.60%,
04/15/2024
300
293
5.00%,
10/15/2027
250
241
$
843
Machinery
-
Diversified
-
0
.14
%
Maxim
Crane
Works
Holdings
Capital
LLC
10.13%,
08/01/2024
(e)
124
116
Westinghouse
Air
Brake
Technologies
Corp
3.20%,
06/15/2025
150
140
$
256
Media
-
1
.57
%
AMC
Networks
Inc
4.75%,
08/01/2025
243
217
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp
4.50%,
08/15/2030
(e)
245
194
4.75%,
03/01/2030
(e)
234
190
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
3.50%,
06/01/2041
375
240
4.91%,
07/23/2025
620
605
CSC
Holdings
LLC
6.50%,
02/01/2029
(e)
208
183
Directv
Financing
LLC
/
Directv
Financing
Co-
Obligor
Inc
5.88%,
08/15/2027
(e)
40
34
DISH
DBS
Corp
5.25%,
12/01/2026
(e)
45
37
5.88%,
11/15/2024
123
110
7.38%,
07/01/2028
167
112
LCPR
Senior
Secured
Financing
DAC
5.13%,
07/15/2029
(e)
225
169
Paramount
Global
4.38%,
03/15/2043
480
320
4.75%,
05/15/2025
46
45
Sirius
XM
Radio
Inc
4.00%,
07/15/2028
(e)
250
213
UPC
Holding
BV
5.50%,
01/15/2028
(e)
300
252
$
2,921
Mining
-
0
.23
%
Hudbay
Minerals
Inc
4.50%,
04/01/2026
(e)
120
100
6.13%,
04/01/2029
(e)
50
40
IAMGOLD
Corp
5.75%,
10/15/2028
(e)
97
46
New
Gold
Inc
7.50%,
07/15/2027
(e)
75
59
Novelis
Corp
3.25%,
11/15/2026
(e)
5
4
4.75%,
01/30/2030
(e)
174
143
Taseko
Mines
Ltd
7.00%,
02/15/2026
(e)
40
32
$
424
Miscellaneous
Manufacturers
-
0
.24
%
GE
Capital
International
Funding
Co
Unlimited
Co
4.42%,
11/15/2035
381
341
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Miscellaneous
Manufacturers
(continued)
Parker-Hannifin
Corp
4.25%,
09/15/2027
$
115
$
110
$
451
Mortgage
Backed
Securities
-
1
.40
%
Fannie
Mae
REMIC
Trust
2005-W2
3.28%,
05/25/2035
6
6
1.00
x
1
Month
USD
LIBOR
+
0.20%
Fannie
Mae
REMICS
2.25%,
07/25/2040
20
19
3.00%,
04/25/2027
(j)
74
4
3.00%,
09/25/2050
(j)
1,000
157
3.02%,
02/25/2043
(j)
148
15
(1.00)
x
1
Month
USD
LIBOR
+
6.10%
3.02%,
09/25/2046
(j)
150
13
(1.00)
x
1
Month
USD
LIBOR
+
6.10%
3.50%,
11/25/2027
(j)
50
3
3.50%,
07/25/2028
(j)
99
5
3.50%,
03/25/2031
(j)
10
—
Freddie
Mac
REMICS
3.00%,
05/15/2027
(j)
51
2
3.00%,
10/15/2027
(j)
32
2
3.27%,
05/15/2049
1,028
1,016
1.00
x
1
Month
USD
LIBOR
+
0.45%
Ginnie
Mae
2.49%,
05/20/2042
(j)
558
46
(1.00)
x
1
Month
USD
LIBOR
+
5.50%
2.50%,
12/20/2050
(j)
1,083
170
3.00%,
07/20/2050
(j)
294
43
3.00%,
11/20/2050
(j)
574
88
3.00%,
11/20/2050
(j)
981
143
3.00%,
11/20/2050
(j)
1,223
209
3.09%,
11/20/2041
(j)
157
18
(1.00)
x
1
Month
USD
LIBOR
+
6.10%
3.09%,
06/20/2046
(j)
342
39
(1.00)
x
1
Month
USD
LIBOR
+
6.10%
3.13%,
12/20/2043
(j)
174
18
(1.00)
x
1
Month
USD
LIBOR
+
6.14%
3.19%,
08/20/2047
(j)
943
112
(1.00)
x
1
Month
USD
LIBOR
+
6.20%
3.29%,
09/20/2050
(j)
916
114
(1.00)
x
1
Month
USD
LIBOR
+
6.30%
3.29%,
08/20/2051
(j)
662
84
(1.00)
x
1
Month
USD
LIBOR
+
6.30%
3.50%,
10/20/2049
(j)
433
73
3.64%,
02/20/2042
(j)
101
13
(1.00)
x
1
Month
USD
LIBOR
+
6.65%
3.78%,
04/20/2041
(j)
606
77
(1.10)
x
1
Month
USD
LIBOR
+
7.10%
JP
Morgan
Mortgage
Trust
2016-2
3.58%,
06/25/2046
(e),(k)
69
63
Washington
Mutual
Mortgage
Pass-Through
Certificates
WMALT
Series
2006-AR1
Trust
3.58%,
02/25/2036
47
39
1.00
x
1
Month
USD
LIBOR
+
0.50%
$
2,591
Oil
&
Gas
-
1
.35
%
Aethon
United
BR
LP
/
Aethon
United
Finance
Corp
8.25%,
02/15/2026
(e)
330
319
Antero
Resources
Corp
7.63%,
02/01/2029
(e)
220
220
Ascent
Resources
Utica
Holdings
LLC
/
ARU
Finance
Corp
7.00%,
11/01/2026
(e)
120
116
Comstock
Resources
Inc
5.88%,
01/15/2030
(e)
140
122
Schedule
of
Investments
Core
Plus
Bond
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
49
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Oil
&
Gas
(continued)
Continental
Resources
Inc/OK
3.80%,
06/01/2024
$
310
$
301
CrownRock
LP
/
CrownRock
Finance
Inc
5.63%,
10/15/2025
(e)
85
81
Ecopetrol
SA
6.88%,
04/29/2030
175
147
Leviathan
Bond
Ltd
5.75%,
06/30/2023
(e)
175
172
MEG
Energy
Corp
7.13%,
02/01/2027
(e)
145
147
Nabors
Industries
Inc
9.00%,
02/01/2025
(e)
55
55
Occidental
Petroleum
Corp
5.55%,
03/15/2026
(f)
80
80
5.88%,
09/01/2025
425
426
6.13%,
01/01/2031
55
54
6.63%,
09/01/2030
36
37
Petrobras
Global
Finance
BV
5.50%,
06/10/2051
(f)
110
78
Petroleos
Mexicanos
6.70%,
02/16/2032
217
152
$
2,507
Oil
&
Gas
Services
-
0
.10
%
Archrock
Partners
LP
/
Archrock
Partners
Finance
Corp
6.25%,
04/01/2028
(e)
220
193
Other
Asset
Backed
Securities
-
0
.61
%
Dell
Equipment
Finance
Trust
2021-1
0.33%,
05/22/2026
(e)
189
188
DLLST
2022-1
LLC
2.79%,
01/22/2024
(e)
580
573
Verizon
Owner
Trust
2020-B
0.47%,
02/20/2025
378
373
$
1,134
Packaging
&
Containers
-
0
.38
%
Canpack
SA
/
Canpack
US
LLC
3.13%,
11/01/2025
(e)
200
174
Clydesdale
Acquisition
Holdings
Inc
6.63%,
04/15/2029
(e)
70
64
8.75%,
04/15/2030
(e)
50
41
Crown
Americas
LLC
/
Crown
Americas
Capital
Corp
VI
4.75%,
02/01/2026
60
56
Crown
Cork
&
Seal
Co
Inc
7.38%,
12/15/2026
244
244
Graphic
Packaging
International
LLC
4.13%,
08/15/2024
75
72
LABL
Inc
6.75%,
07/15/2026
(e)
60
54
$
705
Pharmaceuticals
-
0
.92
%
AbbVie
Inc
2.60%,
11/21/2024
65
62
4.05%,
11/21/2039
350
281
BellRing
Brands
Inc
7.00%,
03/15/2030
(e)
145
133
Bristol-Myers
Squibb
Co
4.13%,
06/15/2039
120
105
Cigna
Corp
4.90%,
12/15/2048
35
30
CVS
Health
Corp
4.30%,
03/25/2028
31
29
4.88%,
07/20/2035
190
172
5.05%,
03/25/2048
85
75
Jazz
Securities
DAC
4.38%,
01/15/2029
(e)
95
82
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pharmaceuticals
(continued)
Viatris
Inc
1.65%,
06/22/2025
$
75
$
67
Zoetis
Inc
3.00%,
09/12/2027
310
279
4.45%,
08/20/2048
345
291
4.70%,
02/01/2043
120
105
$
1,711
Pipelines
-
2
.54
%
Antero
Midstream
Partners
LP
/
Antero
Midstream
Finance
Corp
5.38%,
06/15/2029
(e)
170
150
5.75%,
03/01/2027
(e)
150
139
CNX
Midstream
Partners
LP
4.75%,
04/15/2030
(e)
220
173
Crestwood
Midstream
Partners
LP
/
Crestwood
Midstream
Finance
Corp
5.63%,
05/01/2027
(e)
239
216
Energy
Transfer
LP
3.75%,
05/15/2030
505
428
4.50%,
04/15/2024
390
384
5.15%,
03/15/2045
600
472
Enterprise
Products
Operating
LLC
4.20%,
01/31/2050
180
137
EQM
Midstream
Partners
LP
6.00%,
07/01/2025
(e)
27
25
7.50%,
06/01/2027
(e)
50
48
Hess
Midstream
Operations
LP
4.25%,
02/15/2030
(e)
225
182
5.63%,
02/15/2026
(e)
110
104
Kinder
Morgan
Inc
1.75%,
11/15/2026
440
381
Kinetik
Holdings
LP
5.88%,
06/15/2030
(e)
205
188
NuStar
Logistics
LP
5.75%,
10/01/2025
50
46
Sabine
Pass
Liquefaction
LLC
5.00%,
03/15/2027
175
168
5.75%,
05/15/2024
375
376
Targa
Resources
Partners
LP
/
Targa
Resources
Partners
Finance
Corp
4.88%,
02/01/2031
645
555
Williams
Cos
Inc/The
4.55%,
06/24/2024
550
544
$
4,716
REITs
-
1
.25
%
American
Tower
Corp
1.30%,
09/15/2025
185
164
Cibanco
SA
Ibm
/
PLA
Administradora
Industrial
S
de
RL
de
CV
4.96%,
07/18/2029
(e)
200
167
HAT
Holdings
I
LLC
/
HAT
Holdings
II
LLC
3.38%,
06/15/2026
(e)
140
112
3.75%,
09/15/2030
(e)
150
109
Invitation
Homes
Operating
Partnership
LP
2.00%,
08/15/2031
500
359
2.30%,
11/15/2028
495
397
Kimco
Realty
Corp
3.20%,
04/01/2032
140
114
Ladder
Capital
Finance
Holdings
LLLP
/
Ladder
Capital
Finance
Corp
4.75%,
06/15/2029
(e)
188
141
Mid-America
Apartments
LP
2.88%,
09/15/2051
229
143
VICI
Properties
LP
/
VICI
Note
Co
Inc
3.50%,
02/15/2025
(e)
50
46
4.13%,
08/15/2030
(e)
555
464
Schedule
of
Investments
Core
Plus
Bond
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
50
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
REITs
(continued)
XHR
LP
4.88%,
06/01/2029
(e)
$
130
$
107
$
2,323
Retail
-
0
.39
%
Bath
&
Body
Works
Inc
5.25%,
02/01/2028
60
52
6.63%,
10/01/2030
(e)
109
95
9.38%,
07/01/2025
(e)
78
81
Fertitta
Entertainment
LLC
/
Fertitta
Entertainment
Finance
Co
Inc
4.63%,
01/15/2029
(e)
175
145
IRB
Holding
Corp
7.00%,
06/15/2025
(e)
10
10
LSF9
Atlantis
Holdings
LLC
/
Victra
Finance
Corp
7.75%,
02/15/2026
(e)
165
147
Patrick
Industries
Inc
4.75%,
05/01/2029
(e)
100
75
7.50%,
10/15/2027
(e)
140
127
$
732
Semiconductors
-
0
.60
%
Broadcom
Inc
3.14%,
11/15/2035
(e)
34
24
3.42%,
04/15/2033
(e)
732
559
KLA
Corp
3.30%,
03/01/2050
350
246
NVIDIA
Corp
3.50%,
04/01/2050
150
110
NXP
BV
/
NXP
Funding
LLC
/
NXP
USA
Inc
2.70%,
05/01/2025
60
56
3.15%,
05/01/2027
60
53
Skyworks
Solutions
Inc
1.80%,
06/01/2026
85
73
$
1,121
Software
-
1
.83
%
Fidelity
National
Information
Services
Inc
4.50%,
07/15/2025
400
391
Fiserv
Inc
3.20%,
07/01/2026
200
184
4.40%,
07/01/2049
190
147
Open
Text
Corp
3.88%,
02/15/2028
(e)
90
74
3.88%,
12/01/2029
(e)
345
266
Open
Text
Holdings
Inc
4.13%,
02/15/2030
(e)
295
236
Oracle
Corp
2.50%,
04/01/2025
255
238
2.80%,
04/01/2027
240
212
2.95%,
05/15/2025
100
94
3.95%,
03/25/2051
105
70
Salesforce
Inc
3.70%,
04/11/2028
230
218
Take-Two
Interactive
Software
Inc
3.55%,
04/14/2025
340
326
4.00%,
04/14/2032
145
126
VMware
Inc
1.40%,
08/15/2026
535
457
1.80%,
08/15/2028
440
349
$
3,388
Sovereign
-
1
.16
%
Brazilian
Government
International
Bond
3.88%,
06/12/2030
205
169
Chile
Government
International
Bond
2.55%,
07/27/2033
200
150
CoBank
ACB
6.25%,
10/01/2026
(g),(h)
115
111
3
Month
USD
LIBOR
+
4.66%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Sovereign
(continued)
Colombia
Government
International
Bond
3.13%,
04/15/2031
$
200
$
139
Dominican
Republic
International
Bond
4.88%,
09/23/2032
(e)
200
150
Egypt
Government
International
Bond
5.80%,
09/30/2027
(e)
225
157
Indonesia
Government
International
Bond
2.85%,
02/14/2030
200
171
Mexico
Government
International
Bond
4.75%,
03/08/2044
280
215
Philippine
Government
International
Bond
3.75%,
01/14/2029
200
187
Qatar
Government
International
Bond
4.63%,
06/02/2046
200
183
Saudi
Government
International
Bond
4.50%,
10/26/2046
450
380
UAE
International
Government
Bond
3.25%,
10/19/2061
(e)
200
141
$
2,153
Telecommunications
-
2
.10
%
America
Movil
SAB
de
CV
5.38%,
04/04/2032
(e)
200
172
AT&T
Inc
2.55%,
12/01/2033
199
147
3.50%,
09/15/2053
749
499
Axtel
SAB
de
CV
6.38%,
11/14/2024
200
140
CT
Trust
5.13%,
02/03/2032
(e)
200
151
Empresa
Nacional
de
Telecomunicaciones
SA
3.05%,
09/14/2032
(e)
200
147
Maxar
Technologies
Inc
7.75%,
06/15/2027
(e)
155
146
Sprint
Communications
LLC
6.00%,
11/15/2022
70
70
Sprint
Corp
7.63%,
03/01/2026
116
120
7.88%,
09/15/2023
70
71
T-Mobile
USA
Inc
2.40%,
03/15/2029
340
277
2.55%,
02/15/2031
210
166
3.50%,
04/15/2025
315
301
3.50%,
04/15/2031
560
471
Verizon
Communications
Inc
2.55%,
03/21/2031
610
487
2.88%,
11/20/2050
190
116
4.27%,
01/15/2036
325
277
Viavi
Solutions
Inc
3.75%,
10/01/2029
(e)
180
144
$
3,902
Transportation
-
0
.16
%
Burlington
Northern
Santa
Fe
LLC
4.45%,
01/15/2053
60
52
Eletson
Holdings
Inc
/
Eletson
Finance
US
LLC
/
Agathonissos
Finance
LLC
0.00%,
01/15/2022
(d),(n)
121
—
Navios
South
American
Logistics
Inc
/
Navios
Logistics
Finance
US
Inc
10.75%,
07/01/2025
(e)
41
38
Union
Pacific
Corp
3.50%,
02/14/2053
280
203
$
293
TOTAL
BONDS
$
97,695
Schedule
of
Investments
Core
Plus
Bond
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
51
SENIOR
FLOATING
RATE
INTERESTS
-
0
.94
%
Principal
Amount
(000's)
Value
(000's)
Airlines
-
0
.16
%
AAdvantage
Loyalty
IP
Ltd
7.46%,
04/20/2028
(o)
$
180
$
174
1
Month
USD
LIBOR
+
4.75%
United
Airlines
Inc
6.53%,
04/14/2028
(o)
122
116
1
Month
USD
LIBOR
+
3.75%
$
290
Commercial
Services
-
0
.08
%
Garda
World
Security
Corp
7.24%,
10/30/2026
(o)
150
141
1
Month
USD
LIBOR
+
4.25%
Computers
-
0
.05
%
Virtusa
Corp
6.87%,
02/11/2028
(o)
95
88
1
Month
USD
LIBOR
+
3.75%
Consumer
Products
-
0
.07
%
Kronos
Acquisition
Holdings
Inc
6.82%,
12/22/2026
(o)
137
127
1
Month
USD
LIBOR
+
3.75%
Diversified
Financial
Services
-
0
.09
%
Russell
Investments
US
Institutional
Holdco
Inc
6.62%,
05/30/2025
(o)
190
175
1
Month
USD
LIBOR
+
3.50%
Entertainment
-
0
.03
%
Lions
Gate
Capital
Holdings
LLC
5.37%,
03/24/2025
(o)
48
46
3
Month
USD
LIBOR
+
2.00%
Environmental
Control
-
0
.02
%
Madison
IAQ
LLC
6.81%,
06/21/2028
(o)
50
46
1
Month
USD
LIBOR
+
3.25%
Insurance
-
0
.01
%
Asurion
LLC
7.14%,
08/19/2028
(o)
32
27
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Lodging
-
0
.03
%
Fertitta
Entertainment
LLC/NV
7.03%,
01/13/2029
(o)
61
56
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
4.00%
Media
-
0
.15
%
CSC
Holdings
LLC
5.32%,
04/15/2027
(o)
49
45
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
2.50%
Directv
Financing
LLC
8.12%,
08/02/2027
(o)
240
224
1
Month
USD
LIBOR
+
5.00%
$
269
Oil
&
Gas
-
0
.01
%
Ascent
Resources
Utica
Holdings
LLC
11.46%,
11/01/2025
(o)
20
21
1
Month
USD
LIBOR
+
9.00%
Packaging
&
Containers
-
0
.02
%
Valcour
Packaging
LLC
5.22%,
09/30/2028
(o)
45
41
1
Month
USD
LIBOR
+
3.75%
Pharmaceuticals
-
0
.14
%
Bausch
Health
Cos
Inc
8.10%,
01/27/2027
(o)
237
181
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
5.25%
Jazz
Financing
Lux
Sarl
6.19%,
05/05/2028
(o)
85
82
1
Month
USD
LIBOR
+
3.50%
$
263
SENIOR
FLOATING
RATE
INTERESTS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Retail
-
0
.08
%
IRB
Holding
Corp
5.27%,
02/05/2025
(o)
$
152
$
147
1
Month
USD
LIBOR
+
2.75%
TOTAL
SENIOR
FLOATING
RATE
INTERESTS
$
1,737
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
53
.43
%
Principal
Amount
(000's)
Value
(000's)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
-
1
.69
%
2.13%,
02/01/2037
$
2
$
2
1.00
x
12
Month
USD
LIBOR
+
1.63%
3.00%,
10/01/2042
26
23
3.00%,
11/01/2042
156
140
3.00%,
11/01/2042
28
25
3.00%,
03/01/2043
776
696
3.00%,
12/01/2046
56
50
3.50%,
10/01/2041
15
14
3.50%,
04/01/2042
51
47
3.50%,
04/01/2042
20
18
3.50%,
10/01/2045
398
366
3.50%,
03/01/2048
59
54
4.00%,
02/01/2045
7
6
4.00%,
02/01/2046
131
125
4.00%,
02/01/2046
34
32
4.00%,
06/01/2046
24
23
4.00%,
04/01/2047
126
119
4.00%,
11/01/2047
161
153
4.50%,
07/01/2024
2
2
4.50%,
10/01/2041
15
15
4.50%,
12/01/2043
382
375
4.50%,
03/01/2046
157
154
5.00%,
06/01/2031
38
38
5.00%,
10/01/2035
14
14
5.00%,
06/01/2041
524
529
6.00%,
06/01/2032
11
12
6.00%,
10/01/2032
6
6
6.00%,
01/01/2038
28
30
6.50%,
03/01/2029
1
1
6.50%,
05/01/2029
2
2
6.50%,
04/01/2031
1
1
6.50%,
02/01/2032
2
2
6.50%,
05/01/2032
2
2
6.50%,
04/01/2035
5
5
7.00%,
12/01/2029
6
6
7.00%,
06/01/2030
3
3
7.00%,
01/01/2031
1
1
7.00%,
12/01/2031
24
24
7.50%,
03/01/2031
5
5
8.00%,
09/01/2030
26
26
$
3,146
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
24
.94
%
2.00%,
12/01/2035
463
408
2.00%,
10/01/2037
(p)
650
573
2.00%,
01/01/2051
1,156
949
2.00%,
02/01/2051
3,890
3,183
2.00%,
03/01/2051
1,272
1,039
2.00%,
03/01/2051
1,471
1,205
2.00%,
12/01/2051
1,897
1,541
2.00%,
12/01/2051
556
454
2.00%,
04/01/2052
2,282
1,857
2.00%,
05/01/2052
592
482
2.00%,
10/01/2052
(p)
1,400
1,133
2.50%,
06/01/2035
1,041
946
2.50%,
08/01/2035
1,231
1,120
2.50%,
10/01/2037
(p)
700
633
2.50%,
08/01/2050
1,567
1,326
2.50%,
07/01/2051
1,174
994
2.50%,
09/01/2051
768
650
2.50%,
09/01/2051
458
388
Schedule
of
Investments
Core
Plus
Bond
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
52
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
2.50%,
01/01/2052
$
731
$
624
2.50%,
02/01/2052
579
489
2.50%,
04/01/2052
581
490
2.50%,
10/01/2052
(p)
4,260
3,573
3.00%,
03/01/2034
121
112
3.00%,
10/01/2037
(p)
2,025
1,880
3.00%,
03/01/2042
37
33
3.00%,
03/01/2042
35
31
3.00%,
05/01/2042
21
18
3.00%,
06/01/2042
35
32
3.00%,
06/01/2042
16
15
3.00%,
05/01/2043
94
84
3.00%,
07/01/2050
511
452
3.00%,
11/01/2050
437
385
3.00%,
07/01/2051
2,149
1,882
3.00%,
04/01/2052
2,338
2,052
3.00%,
10/01/2052
(p)
425
370
3.50%,
04/01/2030
151
143
3.50%,
05/01/2034
650
617
3.50%,
08/01/2034
133
125
3.50%,
10/01/2037
(p)
150
142
3.50%,
12/01/2040
30
27
3.50%,
01/01/2041
15
14
3.50%,
12/01/2041
7
7
3.50%,
03/01/2042
15
14
3.50%,
04/01/2042
33
30
3.50%,
11/01/2042
492
454
3.50%,
07/01/2043
449
413
3.50%,
01/01/2044
136
125
3.50%,
11/01/2044
646
592
3.50%,
06/01/2045
46
42
3.50%,
05/01/2046
12
11
3.50%,
10/01/2047
785
720
3.50%,
11/01/2047
334
305
3.50%,
03/01/2048
475
434
3.50%,
06/01/2051
231
210
3.50%,
10/01/2052
(p)
1,400
1,260
4.00%,
03/01/2034
188
181
4.00%,
09/01/2040
36
35
4.00%,
05/01/2041
81
77
4.00%,
10/01/2041
11
10
4.00%,
10/01/2041
24
23
4.00%,
11/01/2041
17
16
4.00%,
04/01/2042
13
12
4.00%,
11/01/2043
49
47
4.00%,
02/01/2044
54
52
4.00%,
06/01/2044
111
105
4.00%,
09/01/2044
9
8
4.00%,
09/01/2045
48
45
4.00%,
12/01/2045
212
201
4.00%,
01/01/2047
19
18
4.00%,
11/01/2047
696
659
4.00%,
05/01/2048
32
30
4.00%,
10/01/2048
149
141
4.00%,
01/01/2049
70
66
4.00%,
10/01/2052
(p)
3,000
2,784
4.50%,
07/01/2025
8
8
4.50%,
08/01/2040
19
19
4.50%,
11/01/2040
411
403
4.50%,
08/01/2041
13
13
4.50%,
09/01/2041
132
130
4.50%,
05/01/2044
15
15
4.50%,
12/01/2044
23
23
4.50%,
06/01/2046
12
12
4.50%,
05/01/2047
9
9
4.50%,
05/01/2047
21
20
4.50%,
05/01/2049
88
85
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
4.50%,
10/01/2052
(p)
$
1,925
$
1,834
5.00%,
10/01/2041
72
72
5.00%,
06/01/2048
164
162
5.00%,
10/01/2052
(p)
1,300
1,266
5.50%,
07/01/2033
98
101
5.50%,
04/01/2035
10
10
5.50%,
08/01/2036
264
272
5.50%,
02/01/2037
2
2
5.50%,
05/01/2040
8
8
6.00%,
05/01/2031
1
1
6.00%,
07/01/2035
70
72
6.00%,
02/01/2037
21
22
6.00%,
02/01/2038
27
28
6.50%,
03/01/2032
1
1
6.50%,
07/01/2037
19
19
6.50%,
07/01/2037
4
5
6.50%,
02/01/2038
24
25
6.50%,
09/01/2038
70
75
$
46,310
Government
National
Mortgage
Association
(GNMA)
-
8
.57
%
2.00%,
02/20/2051
1,594
1,338
2.00%,
07/20/2051
2,651
2,221
2.50%,
06/20/2050
775
672
2.50%,
05/20/2051
1,053
909
2.50%,
10/01/2052
(p)
2,100
1,804
3.00%,
02/15/2043
159
143
3.00%,
07/20/2044
191
172
3.00%,
01/20/2046
120
108
3.00%,
07/20/2046
181
163
3.00%,
12/20/2046
521
468
3.00%,
10/01/2052
(p)
1,975
1,745
3.50%,
04/20/2046
109
99
3.50%,
10/20/2046
125
115
3.50%,
07/20/2047
490
449
3.50%,
10/01/2052
(p)
2,400
2,183
4.00%,
02/15/2042
58
56
4.00%,
06/20/2046
15
14
4.00%,
01/20/2048
677
657
4.00%,
10/01/2052
(p)
600
560
4.50%,
09/15/2039
331
327
4.50%,
11/15/2040
52
51
4.50%,
06/20/2048
3
3
4.50%,
10/01/2052
(p)
1,050
1,005
5.00%,
02/15/2034
106
107
5.00%,
10/15/2034
38
37
5.00%,
10/20/2039
17
18
5.00%,
07/20/2040
10
10
5.00%,
02/15/2042
43
44
5.50%,
12/20/2033
53
56
5.50%,
05/20/2035
6
6
5.50%,
12/20/2048
116
118
6.00%,
01/20/2029
9
9
6.00%,
07/20/2029
1
1
6.00%,
12/15/2033
8
9
6.00%,
12/20/2036
31
34
6.50%,
03/20/2028
1
1
6.50%,
05/20/2029
1
1
6.50%,
12/15/2032
190
196
7.00%,
03/15/2031
1
1
8.00%,
12/15/2030
3
3
$
15,913
U.S.
Treasury
-
12
.28
%
1.25%,
08/15/2031
3,650
2,950
1.38%,
11/15/2031
3,500
2,844
1.63%,
08/15/2029
1,100
948
1.75%,
08/15/2041
680
465
1.88%,
11/15/2051
375
248
Schedule
of
Investments
Core
Plus
Bond
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
53
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
(continued)
2.00%,
08/15/2051
(q)
$
2,900
$
1,981
2.25%,
11/15/2027
1,000
915
2.25%,
02/15/2052
2,325
1,689
2.88%,
05/15/2032
1,725
1,595
3.00%,
05/15/2045
1,140
952
3.00%,
11/15/2045
(r)
2,750
2,295
3.13%,
05/15/2048
3,210
2,776
3.75%,
11/15/2043
1,650
1,567
4.75%,
02/15/2037
1,435
1,590
$
22,815
U.S.
Treasury
Bill
-
5
.95
%
2.33%,
10/27/2022
(s)
3,000
2,995
2.49%,
11/25/2022
(s)
8,090
8,056
$
11,051
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
99,235
Total
Investments
$
208,138
Other
Assets
and
Liabilities
- (12.07)%
(
22,419
)
TOTAL
NET
ASSETS
-
100.00%
$
185,719
(a)
Current
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$1,387
or
0.75%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$29,489
or
15.88%
of
net
assets.
(f)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$1,340
or
0.72%
of
net
assets.
(g)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(h)
Perpetual
security.
Perpetual
securities
pay
an
indefinite
stream
of
interest,
but
they
may
be
called
by
the
issuer
at
an
earlier
date.
Date
shown,
if
any,
reflects
the
next
call
date
or
final
legal
maturity
date.
Rate
shown
is
as
of
period
end.
(i)
Security
is
a
contingent
convertible
security,
("CoCo").
CoCo's
are
hybrid
debt
securities
that
may
convert
to
equity
or
have
their
principal
written
down
upon
occurrence
of
certain
"triggers".
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$520
or
0.28%
of
net
assets.
(j)
Security
is
an
Interest
Only
Strip.
(k)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions. These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(l)
Payment
in
kind;
the
issuer
has
the
option
of
paying
additional
securities
in
lieu
of
cash.
(m)
Security
purchased
on
a
when-issued
basis.
(n)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
(o)
Rate
information
disclosed
is
based
on
an
average
weighted
rate
of
the
underlying
tranches
as
of
period
end.
(p)
Security
was
purchased
in
a
"to-be-announced"
("TBA")
transaction.
(q)
Security
or
a
portion
of
the
security
was
pledged
to
cover
margin
requirements
for
swap
and/or
swaption
contracts.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$1,749
or
0.94%
of
net
assets.
(r)
Security
or
a
portion
of
the
security
was
pledged
to
cover
margin
requirements
for
futures
contracts.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$268
or
0.14%
of
net
assets.
(s)
Rate
shown
is
the
discount
rate
of
the
original
purchase.
Portfolio
Summary (unaudited)
Sector
Percent
Mortgage
Securities
38
.55
%
Government
19
.39
%
Financial
14
.51
%
Consumer,
Non-cyclical
5
.55
%
Money
Market
Funds
5
.09
%
Asset
Backed
Securities
4
.47
%
Communications
4
.46
%
Consumer,
Cyclical
4
.01
%
Energy
4
.01
%
Industrial
3
.96
%
Utilities
3
.87
%
Technology
2
.96
%
Basic
Materials
1
.24
%
Other
Assets
and
Liabilities
(
12
.07
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
11,178
$
83,454
$
86,570
$
8,062
$
11,178
$
83,454
$
86,570
$
8,062
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
49
$
—
$
—
$
—
$
49
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
US
10
Year
Note;
December
2022
Short
4
$
448
$
22
US
2
Year
Note;
December
2022
Short
10
2,054
33
US
5
Year
Note;
December
2022
Long
95
10,213
(
357
)
US
Long
Bond;
December
2022
Long
16
2,023
(
129
)
Total
$
(
431
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
Core
Plus
Bond
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
54
Exchange
Cleared
Credit
Default
Swaps
Buy
Protection
Reference
Entity
Implied
Credit
Spread
as
of
September
30,
2022
(a)
(Pay)/
Receive
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
Upfront
Payments/
(Receipts)
Unrealized
Appreciation/
(Depreciation)
Fair
Value
CDX.EM.37
N/A
(1.00)%
Quarterly
06/20/2027
$
7,056
$
466
$
167
$
633
CDX.NA.HY.38
N/A
(5.00)%
Quarterly
06/20/2027
10,712
(
2
)
247
245
Total
$
464
$
414
$
878
Amounts
in
thousands.
(a)
Implied
credit
spreads,
represented
in
absolute
terms,
used
in
determining
the
market
value
of
credit
default
swap
agreements
on
corporate
issues
or
sovereign
issues
as
of
period
end
serve
as
an
indicator
of
the
current
status
of
the
payment/performance
risk
and
represent
the
likelihood
or
risk
of
default
for
the
credit
derivative.
The
implied
credit
spread
of
a
particular
referenced
entity
reflects
the
cost
of
buying/selling
protection
and
may
include
upfront
payments
required
to
be
made
to
enter
into
the
agreement.
Wider
credit
spreads
represent
a
deterioration
of
the
referenced
entity's
credit
soundness
and
a
greater
likelihood
or
risk
of
default
or
other
credit
event
occurring
as
defined
under
the
terms
of
the
agreement.
Schedule
of
Investments
Diversified
Balanced
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
55
INVESTMENT
COMPANIES
-
100
.03
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
15
.06
%
International
Equity
Index
Fund
(a)
6,060,631
$
51,637
MidCap
S&P
400
Index
Fund
(a)
1,542,519
29,462
SmallCap
S&P
600
Index
Fund
(a)
1,237,815
29,522
$
110,621
Principal
Variable
Contracts
Funds,
Inc. Class
1
-
84
.97
%
Bond
Market
Index
Account
(a)
41,193,236
369,915
LargeCap
S&P
500
Index
Account
(a)
14,982,313
254,250
$
624,165
TOTAL
INVESTMENT
COMPANIES
$
734,786
Total
Investments
$
734,786
Other
Assets
and
Liabilities
- (0.03)%
(
195
)
TOTAL
NET
ASSETS
-
100.00%
$
734,591
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary (unaudited)
Fund
Type
Percent
Fixed
Income
Funds
50
.36
%
Domestic
Equity
Funds
42
.64
%
International
Equity
Funds
7
.03
%
Other
Assets
and
Liabilities
(
0
.03
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Bond
Market
Index
Account
$
498,779
$
41,619
$
92,103
$
369,915
International
Equity
Index
Fund
71,164
7,748
8,379
51,637
LargeCap
S&P
500
Index
Account
353,415
71,856
57,190
254,250
MidCap
S&P
400
Index
Fund
41,040
3,981
7,458
29,462
SmallCap
S&P
600
Index
Fund
41,100
3,778
6,565
29,522
$
1,005,498
$
128,982
$
171,695
$
734,786
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Account
$
8,735
$
(
1,351
)
$
379
$
(
77,029
)
International
Equity
Index
Fund
—
(
116
)
—
(
18,780
)
LargeCap
S&P
500
Index
Account
4,300
12,188
29,564
(
126,019
)
MidCap
S&P
400
Index
Fund
—
(
70
)
—
(
8,031
)
SmallCap
S&P
600
Index
Fund
—
(
294
)
—
(
8,497
)
$
13,035
$
10,357
$
29,943
$
(
238,356
)
Amounts
in
thousands.
Schedule
of
Investments
Diversified
Balanced
Managed
Volatility
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
56
INVESTMENT
COMPANIES
-
100
.03
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
15
.05
%
International
Equity
Index
Fund
(a)
1,147,813
$
9,779
MidCap
S&P
400
Index
Fund
(a)
292,137
5,580
SmallCap
S&P
600
Index
Fund
(a)
234,428
5,591
$
20,950
Principal
Variable
Contracts
Funds,
Inc. Class
1
-
84
.98
%
Bond
Market
Index
Account
(a)
7,801,446
70,057
LargeCap
S&P
500
Managed
Volatility
Index
Account
(a)
3,721,061
48,262
$
118,319
TOTAL
INVESTMENT
COMPANIES
$
139,269
Total
Investments
$
139,269
Other
Assets
and
Liabilities
- (0.03)%
(
42
)
TOTAL
NET
ASSETS
-
100.00%
$
139,227
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary (unaudited)
Fund
Type
Percent
Fixed
Income
Funds
50
.32
%
Domestic
Equity
Funds
42
.69
%
International
Equity
Funds
7
.02
%
Other
Assets
and
Liabilities
(
0
.03
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Bond
Market
Index
Account
$
91,392
$
9,394
$
16,083
$
70,057
International
Equity
Index
Fund
13,037
1,726
1,449
9,779
LargeCap
S&P
500
Managed
Volatility
Index
Account
64,646
13,308
10,020
48,262
MidCap
S&P
400
Index
Fund
7,518
952
1,384
5,580
SmallCap
S&P
600
Index
Fund
7,529
919
1,222
5,591
$
184,122
$
26,299
$
30,158
$
139,269
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Account
$
1,647
$
(
363
)
$
71
$
(
14,283
)
International
Equity
Index
Fund
—
(
5
)
—
(
3,530
)
LargeCap
S&P
500
Managed
Volatility
Index
Account
555
358
5,279
(
20,030
)
MidCap
S&P
400
Index
Fund
—
12
—
(
1,518
)
SmallCap
S&P
600
Index
Fund
—
(
8
)
—
(
1,627
)
$
2,202
$
(
6
)
$
5,350
$
(
40,988
)
Amounts
in
thousands.
Schedule
of
Investments
Diversified
Balanced
Volatility
Control
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
57
INVESTMENT
COMPANIES
-
100
.07
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
4
.23
%
iShares
Core
S&P
500
ETF
23,024
$
8,257
Money
Market
Funds
-
15
.97
%
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(b)
31,157,047
31,157
Principal
Funds,
Inc.
Class
R-6
-
14
.99
%
International
Equity
Index
Fund
(a)
1,601,886
13,648
MidCap
S&P
400
Index
Fund
(a)
407,686
7,787
SmallCap
S&P
600
Index
Fund
(a)
327,143
7,802
$
29,237
Principal
Variable
Contracts
Funds,
Inc. Class
1
-
64
.88
%
Bond
Market
Index
Account
(a)
10,887,596
97,771
LargeCap
S&P
500
Index
Account
(a)
1,696,936
28,797
$
126,568
TOTAL
INVESTMENT
COMPANIES
$
195,219
Total
Investments
$
195,219
Other
Assets
and
Liabilities
- (0.07)%
(
140
)
TOTAL
NET
ASSETS
-
100.00%
$
195,079
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Current
yield
shown
is
as
of
period
end.
Portfolio
Summary (unaudited)
Fund
Type
Percent
Fixed
Income
Funds
50
.12
%
Domestic
Equity
Funds
22
.75
%
Money
Market
Funds
15
.97
%
International
Equity
Funds
7
.00
%
Investment
Companies
4
.23
%
Other
Assets
and
Liabilities
(
0
.07
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Bond
Market
Index
Account
$
114,043
$
15,809
$
12,956
$
97,771
International
Equity
Index
Fund
16,269
3,064
1,055
13,648
LargeCap
S&P
500
Index
Account
34,629
12,116
5,879
28,797
MidCap
S&P
400
Index
Fund
9,382
1,923
1,556
7,787
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
13,645
139,881
122,369
31,157
SmallCap
S&P
600
Index
Fund
9,395
1,928
1,387
7,802
$
197,363
$
174,721
$
145,202
$
186,962
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Account
$
2,248
$
(
134
)
$
98
$
(
18,991
)
International
Equity
Index
Fund
—
—
—
(
4,630
)
LargeCap
S&P
500
Index
Account
474
24
3,261
(
12,093
)
MidCap
S&P
400
Index
Fund
—
12
—
(
1,974
)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
176
—
—
—
SmallCap
S&P
600
Index
Fund
—
6
—
(
2,140
)
$
2,898
$
(
92
)
$
3,359
$
(
39,828
)
Amounts
in
thousands.
Schedule
of
Investments
Diversified
Growth
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
58
INVESTMENT
COMPANIES
-
100
.03
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
20
.12
%
International
Equity
Index
Fund
(a)
34,452,006
$
293,531
MidCap
S&P
400
Index
Fund
(a)
7,672,530
146,545
SmallCap
S&P
600
Index
Fund
(a)
6,157,038
146,846
$
586,922
Principal
Variable
Contracts
Funds,
Inc. Class
1
-
79
.91
%
Bond
Market
Index
Account
(a)
114,745,699
1,030,416
LargeCap
S&P
500
Index
Account
(a)
76,655,718
1,300,848
$
2,331,264
TOTAL
INVESTMENT
COMPANIES
$
2,918,186
Total
Investments
$
2,918,186
Other
Assets
and
Liabilities
- (0.03)%
(
792
)
TOTAL
NET
ASSETS
-
100.00%
$
2,917,394
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary (unaudited)
Fund
Type
Percent
Domestic
Equity
Funds
54
.65
%
Fixed
Income
Funds
35
.32
%
International
Equity
Funds
10
.06
%
Other
Assets
and
Liabilities
(
0
.03
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Bond
Market
Index
Account
$
1,377,128
$
138,089
$
265,671
$
1,030,416
International
Equity
Index
Fund
401,011
44,444
43,947
293,531
LargeCap
S&P
500
Index
Account
1,792,336
316,692
220,538
1,300,848
MidCap
S&P
400
Index
Fund
202,357
14,313
29,487
146,545
SmallCap
S&P
600
Index
Fund
202,651
13,764
25,477
146,846
$
3,975,483
$
527,302
$
585,120
$
2,918,186
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Account
$
24,677
$
(
5,352
)
$
1,070
$
(
213,778
)
International
Equity
Index
Fund
—
251
—
(
108,228
)
LargeCap
S&P
500
Index
Account
22,313
24,674
153,395
(
612,316
)
MidCap
S&P
400
Index
Fund
—
(
482
)
—
(
40,156
)
SmallCap
S&P
600
Index
Fund
—
(
525
)
—
(
43,567
)
$
46,990
$
18,566
$
154,465
$
(
1,018,045
)
Amounts
in
thousands.
Schedule
of
Investments
Diversified
Growth
Managed
Volatility
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
59
INVESTMENT
COMPANIES
-
100
.03
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
20
.10
%
International
Equity
Index
Fund
(a)
3,366,641
$
28,684
MidCap
S&P
400
Index
Fund
(a)
749,765
14,320
SmallCap
S&P
600
Index
Fund
(a)
601,667
14,350
$
57,354
Principal
Variable
Contracts
Funds,
Inc. Class
1
-
79
.93
%
Bond
Market
Index
Account
(a)
11,212,653
100,690
LargeCap
S&P
500
Managed
Volatility
Index
Account
(a)
9,823,313
127,408
$
228,098
TOTAL
INVESTMENT
COMPANIES
$
285,452
Total
Investments
$
285,452
Other
Assets
and
Liabilities
- (0.03)%
(
82
)
TOTAL
NET
ASSETS
-
100.00%
$
285,370
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary (unaudited)
Fund
Type
Percent
Domestic
Equity
Funds
54
.70
%
Fixed
Income
Funds
35
.28
%
International
Equity
Funds
10
.05
%
Other
Assets
and
Liabilities
(
0
.03
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Bond
Market
Index
Account
$
134,856
$
13,807
$
26,636
$
100,690
International
Equity
Index
Fund
39,269
4,632
4,693
28,684
LargeCap
S&P
500
Managed
Volatility
Index
Account
175,242
28,430
23,306
127,408
MidCap
S&P
400
Index
Fund
19,816
1,705
3,240
14,320
SmallCap
S&P
600
Index
Fund
19,845
1,628
2,827
14,350
$
389,028
$
50,202
$
60,702
$
285,452
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Account
$
2,403
$
(
714
)
$
104
$
(
20,623
)
International
Equity
Index
Fund
—
(
13
)
—
(
10,511
)
LargeCap
S&P
500
Managed
Volatility
Index
Account
1,487
1,102
14,146
(
54,060
)
MidCap
S&P
400
Index
Fund
—
46
—
(
4,007
)
SmallCap
S&P
600
Index
Fund
—
—
—
(
4,296
)
$
3,890
$
421
$
14,250
$
(
93,497
)
Amounts
in
thousands.
Schedule
of
Investments
Diversified
Growth
Volatility
Control
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
60
INVESTMENT
COMPANIES
-
100
.04
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
20
.33
%
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(b)
225,905,854
$
225,906
Principal
Funds,
Inc.
Class
R-6
-
19
.99
%
International
Equity
Index
Fund
(a)
13,038,902
111,091
MidCap
S&P
400
Index
Fund
(a)
2,903,629
55,459
SmallCap
S&P
600
Index
Fund
(a)
2,329,998
55,571
$
222,121
Principal
Variable
Contracts
Funds,
Inc. Class
1
-
59
.72
%
Bond
Market
Index
Account
(a)
43,425,170
389,958
LargeCap
S&P
500
Index
Account
(a)
16,114,942
273,471
$
663,429
TOTAL
INVESTMENT
COMPANIES
$
1,111,456
Total
Investments
$
1,111,456
Other
Assets
and
Liabilities
- (0.04)%
(
472
)
TOTAL
NET
ASSETS
-
100.00%
$
1,110,984
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Current
yield
shown
is
as
of
period
end.
Portfolio
Summary (unaudited)
Fund
Type
Percent
Fixed
Income
Funds
35
.10
%
Domestic
Equity
Funds
34
.61
%
Money
Market
Funds
20
.33
%
International
Equity
Funds
10
.00
%
Other
Assets
and
Liabilities
(
0
.04
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Bond
Market
Index
Account
$
442,708
$
69,157
$
46,542
$
389,958
International
Equity
Index
Fund
128,898
24,302
4,830
111,091
LargeCap
S&P
500
Index
Account
320,078
111,540
44,130
273,471
MidCap
S&P
400
Index
Fund
65,042
12,366
8,099
55,459
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
98,839
898,680
771,613
225,906
SmallCap
S&P
600
Index
Fund
65,132
12,663
7,157
55,571
$
1,120,697
$
1,128,708
$
882,371
$
1,111,456
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Account
$
9,007
$
(
458
)
$
391
$
(
74,907
)
International
Equity
Index
Fund
—
4
—
(
37,283
)
LargeCap
S&P
500
Index
Account
4,526
212
31,115
(
114,229
)
MidCap
S&P
400
Index
Fund
—
34
—
(
13,884
)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
1,108
—
—
—
SmallCap
S&P
600
Index
Fund
—
16
—
(
15,083
)
$
14,641
$
(
192
)
$
31,506
$
(
255,386
)
Amounts
in
thousands.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
S&P
500
Emini;
December
2022
Short
24
$
4,322
$
434
Total
$
434
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
Diversified
Income
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
61
INVESTMENT
COMPANIES
-
100
.03
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
10
.02
%
International
Equity
Index
Fund
(a)
1,150,314
$
9,801
MidCap
S&P
400
Index
Fund
(a)
384,266
7,339
SmallCap
S&P
600
Index
Fund
(a)
308,352
7,354
$
24,494
Principal
Variable
Contracts
Funds,
Inc. Class
1
-
90
.01
%
Bond
Market
Index
Account
(a)
17,786,427
159,722
LargeCap
S&P
500
Index
Account
(a)
3,554,649
60,323
$
220,045
TOTAL
INVESTMENT
COMPANIES
$
244,539
Total
Investments
$
244,539
Other
Assets
and
Liabilities
- (0.03)%
(
70
)
TOTAL
NET
ASSETS
-
100.00%
$
244,469
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary (unaudited)
Fund
Type
Percent
Fixed
Income
Funds
65
.33
%
Domestic
Equity
Funds
30
.69
%
International
Equity
Funds
4
.01
%
Other
Assets
and
Liabilities
(
0
.03
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Bond
Market
Index
Account
$
211,280
$
23,306
$
41,545
$
159,722
International
Equity
Index
Fund
13,249
2,005
1,928
9,801
LargeCap
S&P
500
Index
Account
82,251
22,610
18,141
60,323
MidCap
S&P
400
Index
Fund
10,028
1,660
2,388
7,339
SmallCap
S&P
600
Index
Fund
10,043
1,630
2,185
7,354
$
326,851
$
51,211
$
66,187
$
244,539
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Bond
Market
Index
Account
$
3,721
$
(
475
)
$
161
$
(
32,844
)
International
Equity
Index
Fund
—
(
3
)
—
(
3,522
)
LargeCap
S&P
500
Index
Account
1,007
1,945
6,921
(
28,342
)
MidCap
S&P
400
Index
Fund
—
17
—
(
1,978
)
SmallCap
S&P
600
Index
Fund
—
(
18
)
—
(
2,116
)
$
4,728
$
1,466
$
7,082
$
(
68,802
)
Amounts
in
thousands.
Schedule
of
Investments
Diversified
International
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
62
INVESTMENT
COMPANIES
-
4
.82
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
4
.82
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
2.77%
(a),(b)
4,273,651
$
4,274
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(c)
5,979,495
5,979
$
10,253
TOTAL
INVESTMENT
COMPANIES
$
10,253
COMMON
STOCKS
-
97
.08
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
0
.46
%
BAE
Systems
PLC
110,979
$
975
Apparel
-
1
.99
%
Gildan
Activewear
Inc
54,300
1,535
LVMH
Moet
Hennessy
Louis
Vuitton
SE
4,565
2,692
$
4,227
Automobile
Manufacturers
-
2
.64
%
Bayerische
Motoren
Werke
AG
16,658
1,129
Ferrari
NV
3,607
668
Kia
Corp
21,829
1,087
Toyota
Motor
Corp
209,400
2,737
$
5,621
Banks
-
13
.12
%
Bank
Leumi
Le-Israel
BM
140,462
1,200
Bank
Negara
Indonesia
Persero
Tbk
PT
2,335,100
1,366
Bank
of
Ireland
Group
PLC
191,128
1,226
Bank
Rakyat
Indonesia
Persero
Tbk
PT
8,369,208
2,449
Bankinter
SA
113,257
636
Barclays
PLC
622,577
991
DBS
Group
Holdings
Ltd
122,100
2,825
DNB
Bank
ASA
73,052
1,159
Grupo
Financiero
Banorte
SAB
de
CV
174,759
1,119
HDFC
Bank
Ltd
ADR
14,130
826
ICICI
Bank
Ltd
ADR
148,865
3,122
Kasikornbank
PCL
192,300
741
Kotak
Mahindra
Bank
Ltd
69,799
1,549
Lloyds
Banking
Group
PLC
3,505,134
1,584
Nordea
Bank
Abp
191,304
1,637
PT
Bank
Central
Asia
Tbk
1,835,800
1,025
Resona
Holdings
Inc
199,600
730
Toronto-Dominion
Bank/The
42,100
2,582
United
Overseas
Bank
Ltd
62,800
1,137
$
27,904
Beverages
-
1
.72
%
Diageo
PLC
40,849
1,720
Kweichow
Moutai
Co
Ltd
4,799
1,254
Remy
Cointreau
SA
4,178
693
$
3,667
Biotechnology
-
1
.35
%
CSL
Ltd
10,613
1,930
Genmab
A/S
(d)
2,935
944
$
2,874
Building
Materials
-
1
.73
%
Beijing
New
Building
Materials
PLC
136,397
458
Beijing
Oriental
Yuhong
Waterproof
Technology
Co
Ltd
209,900
774
China
Lesso
Group
Holdings
Ltd
725,000
671
Cie
de
Saint-Gobain
19,122
684
CRH
PLC
33,661
1,082
$
3,669
Chemicals
-
2
.27
%
Air
Liquide
SA
9,058
1,035
K+S
AG
33,316
631
Nutrien
Ltd
26,000
2,168
Shin-Etsu
Chemical
Co
Ltd
10,100
1,000
$
4,834
Commercial
Services
-
1
.25
%
Localiza
Rent
a
Car
SA
122,700
1,385
Localiza
Rent
a
Car
SA
-
Rights
(d)
376
1
TechnoPro
Holdings
Inc
35,900
765
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Commercial
Services
(continued)
TOPPAN
INC
33,400
$
498
$
2,649
Computers
-
3
.63
%
Capgemini
SE
14,727
2,358
Infosys
Ltd
94,831
1,626
Logitech
International
SA
18,766
858
Nomura
Research
Institute
Ltd
41,200
1,006
Teleperformance
4,182
1,061
WNS
Holdings
Ltd
ADR
(d)
9,892
809
$
7,718
Consumer
Products
-
0
.75
%
Reckitt
Benckiser
Group
PLC
24,173
1,602
Cosmetics
&
Personal
Care
-
2
.77
%
L'Oreal
SA
9,016
2,883
Unilever
PLC
68,562
3,012
$
5,895
Distribution
&
Wholesale
-
1
.35
%
ITOCHU
Corp
(e)
71,300
1,721
RS
GROUP
PLC
45,792
489
Vamos
Locacao
de
Caminhoes
Maquinas
e
Equipamentos
SA
261,334
666
$
2,876
Diversified
Financial
Services
-
3
.06
%
Bajaj
Finance
Ltd
12,208
1,091
Banco
BTG
Pactual
SA
188,600
871
Deutsche
Boerse
AG
6,180
1,013
Euronext
NV
(f)
7,604
481
Housing
Development
Finance
Corp
Ltd
41,354
1,154
KB
Financial
Group
Inc
26,103
788
London
Stock
Exchange
Group
PLC
13,215
1,116
$
6,514
Electric
-
1
.47
%
Iberdrola
SA
217,229
2,026
SSE
PLC
64,511
1,089
$
3,115
Electronics
-
1
.62
%
Hoya
Corp
19,796
1,907
Kyocera
Corp
15,200
766
Shimadzu
Corp
29,000
761
$
3,434
Energy
-
Alternate
Sources
-
0
.11
%
Sao
Martinho
SA
49,400
233
Engineering
&
Construction
-
0
.93
%
Anhui
Honglu
Steel
Construction
Group
Co
Ltd
120,898
560
Vinci
SA
17,521
1,417
$
1,977
Food
-
4
.66
%
Ajinomoto
Co
Inc
35,800
978
Danone
SA
25,207
1,192
Dino
Polska
SA
(d),(f)
6,849
415
Nestle
SA
37,570
4,064
Seven
&
i
Holdings
Co
Ltd
68,000
2,732
Want
Want
China
Holdings
Ltd
818,000
534
$
9,915
Food
Service
-
0
.47
%
Compass
Group
PLC
50,024
996
Healthcare
-
Products
-
0
.82
%
Alcon
Inc
20,785
1,207
Sartorius
Stedim
Biotech
1,759
540
$
1,747
Healthcare
-
Services
-
1
.35
%
ICON
PLC
(d)
7,622
1,401
Lonza
Group
AG
3,028
1,474
$
2,875
Schedule
of
Investments
Diversified
International
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
63
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Home
Builders
-
0
.63
%
Persimmon
PLC
47,112
$
645
Taylor
Wimpey
PLC
720,076
701
$
1,346
Home
Furnishings
-
0
.78
%
Haier
Smart
Home
Co
Ltd
372,600
1,134
Howden
Joinery
Group
PLC
94,349
527
$
1,661
Insurance
-
4
.43
%
AIA
Group
Ltd
196,800
1,639
ASR
Nederland
NV
14,556
560
AXA
SA
68,860
1,503
Fairfax
Financial
Holdings
Ltd
2,900
1,325
Legal
&
General
Group
PLC
428,558
1,023
Muenchener
Rueckversicherungs-Gesellschaft
AG
in
Muenchen
5,153
1,240
Sampo
Oyj
30,292
1,293
Tryg
A/S
40,075
827
$
9,410
Leisure
Products
&
Services
-
0
.88
%
Shimano
Inc
8,400
1,314
Yamaha
Motor
Co
Ltd
29,500
553
$
1,867
Machinery
-
Construction
&
Mining
-
1
.23
%
Mitsubishi
Heavy
Industries
Ltd
48,700
1,620
Weir
Group
PLC/The
64,042
991
$
2,611
Machinery
-
Diversified
-
2
.49
%
Atlas
Copco
AB
-
A
Shares
98,725
918
Ebara
Corp
41,600
1,355
Keyence
Corp
5,100
1,686
NARI
Technology
Co
Ltd
202,078
700
THK
Co
Ltd
36,600
632
$
5,291
Metal
Fabrication
&
Hardware
-
0
.44
%
APL
Apollo
Tubes
Ltd
74,699
945
Mining
-
3
.20
%
Anglo
American
PLC
45,749
1,374
BHP
Group
Ltd
77,999
1,939
Franco-Nevada
Corp
17,087
2,041
Rio
Tinto
Ltd
23,790
1,439
$
6,793
Oil
&
Gas
-
5
.89
%
BP
PLC
391,611
1,871
Equinor
ASA
70,095
2,312
Petroleo
Brasileiro
SA
ADR
87,123
1,075
Reliance
Industries
Ltd
57,640
1,673
Shell
PLC
112,686
2,795
Suncor
Energy
Inc
50,600
1,425
Tourmaline
Oil
Corp
26,200
1,362
$
12,513
Oil
&
Gas
Services
-
0
.53
%
Schlumberger
NV
31,209
1,120
Pharmaceuticals
-
6
.52
%
AstraZeneca
PLC
37,016
4,069
Euroapi
SA
(d)
756
13
Novo
Nordisk
A/S
44,075
4,391
Roche
Holding
AG
9,848
3,206
Sanofi
28,661
2,182
$
13,861
Pipelines
-
0
.23
%
Gaztransport
Et
Technigaz
SA
4,470
493
Private
Equity
-
2
.78
%
3i
Group
PLC
216,470
2,599
Brookfield
Asset
Management
Inc
81,069
3,317
$
5,916
Real
Estate
-
0
.54
%
Mitsubishi
Estate
Co
Ltd
86,700
1,142
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
REITs
-
0
.59
%
CapitaLand
Integrated
Commercial
Trust
533,200
$
709
Segro
PLC
64,177
536
$
1,245
Retail
-
3
.95
%
Alimentation
Couche-Tard
Inc
59,746
2,405
Arezzo
Industria
e
Comercio
SA
10,000
183
Bosideng
International
Holdings
Ltd
1,558,000
768
Dollarama
Inc
17,900
1,028
JD
Sports
Fashion
PLC
931,148
1,026
Wal-Mart
de
Mexico
SAB
de
CV
850,522
2,987
$
8,397
Semiconductors
-
6
.60
%
ASM
International
NV
3,112
697
ASML
Holding
NV
8,680
3,596
Renesas
Electronics
Corp
(d)
170,700
1,431
Samsung
Electronics
Co
Ltd
92,281
3,389
SK
Hynix
Inc
13,101
749
Taiwan
Semiconductor
Manufacturing
Co
Ltd
315,140
4,177
$
14,039
Software
-
0
.69
%
Dassault
Systemes
SE
28,851
996
Nexon
Co
Ltd
27,200
481
$
1,477
Telecommunications
-
1
.57
%
Nice
Ltd
ADR
(d)
5,070
954
Nippon
Telegraph
&
Telephone
Corp
(e)
88,200
2,379
$
3,333
Toys,
Games
&
Hobbies
-
1
.20
%
Nintendo
Co
Ltd
63,000
2,541
Transportation
-
2
.39
%
Canadian
National
Railway
Co
24,028
2,595
Canadian
Pacific
Railway
Ltd
37,200
2,483
$
5,078
TOTAL
COMMON
STOCKS
$
206,396
Total
Investments
$
216,649
Other
Assets
and
Liabilities
- (1.90)%
(
4,037
)
TOTAL
NET
ASSETS
-
100.00%
$
212,612
(a)
Current
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$4,274
or
2.01%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$4,059
or
1.91%
of
net
assets.
(f)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$896
or
0.42%
of
net
assets.
Schedule
of
Investments
Diversified
International
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
64
Portfolio
Summary (unaudited)
Location
Percent
United
Kingdom
14
.91
%
Japan
14
.46
%
Canada
11
.40
%
France
9
.29
%
India
6
.02
%
United
States
5
.35
%
Switzerland
5
.08
%
Denmark
2
.89
%
China
2
.86
%
Korea,
Republic
Of
2
.82
%
Netherlands
2
.52
%
Australia
2
.50
%
Indonesia
2
.27
%
Singapore
2
.20
%
Brazil
2
.08
%
Taiwan
1
.97
%
Mexico
1
.94
%
Germany
1
.88
%
Ireland
1
.75
%
Norway
1
.64
%
Finland
1
.38
%
Spain
1
.26
%
Hong
Kong
1
.13
%
Israel
1
.01
%
Sweden
0
.43
%
Thailand
0
.35
%
Italy
0
.31
%
Poland
0
.20
%
Other
Assets
and
Liabilities
(
1
.90
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
115
$
81,362
$
75,498
$
5,979
$
115
$
81,362
$
75,498
$
5,979
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
39
$
—
$
—
$
—
$
39
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Equity
Income
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
65
INVESTMENT
COMPANIES
-
2
.00
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
2
.00
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
2.77%
(a),(b)
78
$
1
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(c)
12,330,464
12,330
$
12,331
TOTAL
INVESTMENT
COMPANIES
$
12,331
COMMON
STOCKS
-
96
.70
%
Shares
Held
Value
(000's)
Apparel
-
1
.30
%
NIKE
Inc
96,180
$
7,994
Automobile
Manufacturers
-
2
.51
%
PACCAR
Inc
184,662
15,454
Automobile
Parts
&
Equipment
-
2
.13
%
Magna
International
Inc
276,997
13,135
Banks
-
10
.29
%
Bank
of
America
Corp
287,181
8,673
First
Republic
Bank/CA
87,228
11,388
JPMorgan
Chase
&
Co
138,117
14,433
Morgan
Stanley
206,647
16,327
PNC
Financial
Services
Group
Inc/The
84,566
12,636
$
63,457
Beverages
-
1
.53
%
Coca-Cola
Co/The
168,134
9,419
Biotechnology
-
1
.88
%
Corteva
Inc
203,117
11,608
Chemicals
-
2
.38
%
Air
Products
and
Chemicals
Inc
39,181
9,118
PPG
Industries
Inc
50,490
5,589
$
14,707
Computers
-
1
.62
%
Apple
Inc
72,288
9,990
Diversified
Financial
Services
-
3
.66
%
BlackRock
Inc
26,014
14,315
Discover
Financial
Services
90,687
8,245
$
22,560
Electric
-
5
.76
%
Eversource
Energy
93,528
7,291
NextEra
Energy
Inc
127,712
10,014
Sempra
Energy
24,660
3,698
WEC
Energy
Group
Inc
81,347
7,275
Xcel
Energy
Inc
112,908
7,226
$
35,504
Food
-
3
.18
%
Hormel
Foods
Corp
310,640
14,115
Tyson
Foods
Inc
82,978
5,471
$
19,586
Healthcare
-
Products
-
4
.86
%
Abbott
Laboratories
129,766
12,556
Medtronic
PLC
143,189
11,563
STERIS
PLC
35,094
5,835
$
29,954
Healthcare
-
Services
-
1
.07
%
UnitedHealth
Group
Inc
13,102
6,617
Home
Builders
-
1
.15
%
DR
Horton
Inc
105,628
7,114
Insurance
-
3
.56
%
Chubb
Ltd
66,572
12,108
Fidelity
National
Financial
Inc
271,590
9,832
$
21,940
Machinery
-
Construction
&
Mining
-
0
.58
%
Caterpillar
Inc
21,921
3,597
Machinery
-
Diversified
-
2
.27
%
Deere
&
Co
41,889
13,986
Media
-
3
.04
%
Cable
One
Inc
6,063
5,172
Comcast
Corp
-
Class
A
462,880
13,576
$
18,748
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Miscellaneous
Manufacturers
-
3
.65
%
Parker-Hannifin
Corp
56,718
$
13,743
Trane
Technologies
PLC
60,352
8,740
$
22,483
Oil
&
Gas
-
5
.24
%
Chevron
Corp
58,584
8,417
EOG
Resources
Inc
101,597
11,351
Marathon
Petroleum
Corp
126,155
12,531
$
32,299
Pharmaceuticals
-
10
.18
%
Becton
Dickinson
and
Co
59,004
13,148
Eli
Lilly
&
Co
1,967
636
Merck
&
Co
Inc
164,116
14,134
Novartis
AG
ADR
158,065
12,014
Pfizer
Inc
201,962
8,838
Roche
Holding
AG
ADR
345,189
14,022
$
62,792
Pipelines
-
1
.96
%
Enterprise
Products
Partners
LP
509,427
12,114
Private
Equity
-
1
.79
%
KKR
&
Co
Inc
256,201
11,017
REITs
-
4
.13
%
Alexandria
Real
Estate
Equities
Inc
76,656
10,746
Digital
Realty
Trust
Inc
83,542
8,286
Realty
Income
Corp
110,341
6,422
$
25,454
Retail
-
3
.37
%
Costco
Wholesale
Corp
23,591
11,141
Starbucks
Corp
65,825
5,547
Target
Corp
27,750
4,118
$
20,806
Semiconductors
-
3
.30
%
Microchip
Technology
Inc
189,815
11,584
Taiwan
Semiconductor
Manufacturing
Co
Ltd
ADR
127,737
8,758
$
20,342
Software
-
3
.63
%
Fidelity
National
Information
Services
Inc
81,750
6,178
Microsoft
Corp
35,125
8,180
SAP
SE
ADR
99,011
8,045
$
22,403
Telecommunications
-
4
.85
%
BCE
Inc
356,094
14,935
Verizon
Communications
Inc
394,602
14,983
$
29,918
Transportation
-
1
.83
%
Expeditors
International
of
Washington
Inc
68,830
6,079
Union
Pacific
Corp
26,652
5,192
$
11,271
TOTAL
COMMON
STOCKS
$
596,269
Total
Investments
$
608,600
Other
Assets
and
Liabilities
- 1.30%
8,040
TOTAL
NET
ASSETS
-
100.00%
$
616,640
(a)
Current
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$1
or
0.00%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Schedule
of
Investments
Equity
Income
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
66
Portfolio
Summary (unaudited)
Sector
Percent
Financial
23
.43
%
Consumer,
Non-cyclical
22
.70
%
Consumer,
Cyclical
10
.46
%
Technology
8
.55
%
Industrial
8
.33
%
Communications
7
.89
%
Energy
7
.20
%
Utilities
5
.76
%
Basic
Materials
2
.38
%
Money
Market
Funds
2
.00
%
Other
Assets
and
Liabilities
1
.30
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
11,037
$
148,827
$
147,534
$
12,330
$
11,037
$
148,827
$
147,534
$
12,330
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
82
$
—
$
—
$
—
$
82
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Global
Emerging
Markets
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
67
INVESTMENT
COMPANIES
-
6
.70
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
6
.70
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
2.77%
(a),(b)
594,969
$
595
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(c)
3,592,666
3,593
$
4,188
TOTAL
INVESTMENT
COMPANIES
$
4,188
COMMON
STOCKS
-
94
.30
%
Shares
Held
Value
(000's)
Agriculture
-
0
.86
%
Muyuan
Foods
Co
Ltd
35,000
$
267
SLC
Agricola
SA
33,880
271
$
538
Apparel
-
0
.74
%
Fila
Holdings
Corp
9,192
199
Youngone
Corp
8,526
263
$
462
Automobile
Manufacturers
-
3
.37
%
Ashok
Leyland
Ltd
203,109
378
Geely
Automobile
Holdings
Ltd
131,000
179
Hyundai
Motor
Co
4,756
581
Kia
Corp
13,203
657
Yadea
Group
Holdings
Ltd
(d)
196,000
313
$
2,108
Automobile
Parts
&
Equipment
-
0
.68
%
Fuyao
Glass
Industry
Group
Co
Ltd
(d)
54,400
218
Weichai
Power
Co
Ltd
221,000
210
$
428
Banks
-
10
.41
%
Bank
of
Jiangsu
Co
Ltd
203,190
211
Bank
Rakyat
Indonesia
Persero
Tbk
PT
2,807,276
822
China
Merchants
Bank
Co
Ltd
100,500
465
Grupo
Financiero
Banorte
SAB
de
CV
98,000
628
HDFC
Bank
Ltd
30,088
521
Hong
Leong
Bank
Bhd
47,200
208
ICICI
Bank
Ltd
111,050
1,166
Kasikornbank
PCL
90,900
351
Kotak
Mahindra
Bank
Ltd
14,474
321
PT
Bank
Central
Asia
Tbk
1,314,300
734
Saudi
National
Bank/The
57,609
961
Vietnam
Technological
&
Commercial
Joint
Stock
Bank
(e)
91,400
123
$
6,511
Beverages
-
3
.00
%
Arca
Continental
SAB
de
CV
60,000
432
China
Resources
Beer
Holdings
Co
Ltd
64,000
444
Kweichow
Moutai
Co
Ltd
1,600
418
Tsingtao
Brewery
Co
Ltd
62,000
585
$
1,879
Building
Materials
-
1
.59
%
Amber
Enterprises
India
Ltd
(e)
4,990
144
Beijing
Oriental
Yuhong
Waterproof
Technology
Co
Ltd
58,471
216
China
Lesso
Group
Holdings
Ltd
168,000
156
China
National
Building
Material
Co
Ltd
258,000
196
Voltas
Ltd
16,168
179
Xinyi
Glass
Holdings
Ltd
70,000
101
$
992
Chemicals
-
1
.27
%
Ganfeng
Lithium
Group
Co
Ltd
(d)
33,040
218
Navin
Fluorine
International
Ltd
3,005
165
Petronas
Chemicals
Group
Bhd
119,900
216
Supreme
Industries
Ltd
7,611
198
$
797
Coal
-
0
.47
%
Exxaro
Resources
Ltd
(f)
26,478
294
Commercial
Services
-
1
.36
%
Bidvest
Group
Ltd/The
18,819
204
GPS
Participacoes
e
Empreendimentos
SA
(d)
64,788
161
Localiza
Rent
a
Car
SA
25,500
288
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Commercial
Services
(continued)
Localiza
Rent
a
Car
SA
-
Rights
(e)
78
$
—
MegaStudyEdu
Co
Ltd
3,927
195
$
848
Computers
-
2
.46
%
CI&T
Inc
(e),(f)
11,295
106
Globant
SA
(e)
1,321
247
Infosys
Ltd
45,558
781
TDCX
Inc
ADR
(e)
17,790
167
WNS
Holdings
Ltd
ADR
(e)
2,917
239
$
1,540
Distribution
&
Wholesale
-
2
.05
%
AKR
Corporindo
Tbk
PT
8,533,000
755
Vamos
Locacao
de
Caminhoes
Maquinas
e
Equipamentos
SA
206,360
526
$
1,281
Diversified
Financial
Services
-
4
.29
%
Bajaj
Finance
Ltd
5,329
476
Banco
BTG
Pactual
SA
77,512
358
BOC
Aviation
Ltd
(d)
34,800
246
CreditAccess
Grameen
Ltd
(e)
25,580
311
Fubon
Financial
Holding
Co
Ltd
345,361
540
Hong
Kong
Exchanges
&
Clearing
Ltd
5,700
195
KB
Financial
Group
Inc
18,450
557
$
2,683
Electric
-
0
.44
%
China
Longyuan
Power
Group
Corp
Ltd
222,000
277
Electrical
Components
&
Equipment
-
0
.90
%
Delta
Electronics
Inc
49,000
389
Frencken
Group
Ltd
260,800
175
$
564
Electronics
-
0
.77
%
Lotes
Co
Ltd
9,000
215
Voltronic
Power
Technology
Corp
6,000
264
$
479
Energy
-
Alternate
Sources
-
0
.26
%
Sao
Martinho
SA
34,582
163
Engineering
&
Construction
-
0
.02
%
Sitios
Latinoamerica
SAB
de
CV
(e)
27,444
13
Food
-
3
.15
%
Bid
Corp
Ltd
17,925
275
Dino
Polska
SA
(d),(e)
6,921
419
LT
Foods
Ltd
99,791
142
Nestle
India
Ltd
1,079
253
Tingyi
Cayman
Islands
Holding
Corp
298,000
513
Want
Want
China
Holdings
Ltd
565,000
369
$
1,971
Gas
-
0
.42
%
China
Resources
Gas
Group
Ltd
82,000
260
Hand
&
Machine
Tools
-
0
.22
%
Techtronic
Industries
Co
Ltd
14,500
138
Healthcare
-
Products
-
0
.95
%
Osstem
Implant
Co
Ltd
4,469
357
Shenzhen
Mindray
Bio-Medical
Electronics
Co
Ltd
5,700
238
$
595
Healthcare
-
Services
-
0
.91
%
Hygeia
Healthcare
Holdings
Co
Ltd
(d),(e)
38,600
216
IHH
Healthcare
Bhd
143,000
181
WuXi
AppTec
Co
Ltd
(d)
21,500
172
$
569
Home
Furnishings
-
0
.97
%
Haier
Smart
Home
Co
Ltd
141,800
431
Vestel
Beyaz
Esya
Sanayi
ve
Ticaret
AS
359,166
174
$
605
Schedule
of
Investments
Global
Emerging
Markets
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
68
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
-
3
.43
%
AIA
Group
Ltd
63,000
$
525
ICICI
Lombard
General
Insurance
Co
Ltd
(d)
16,850
237
ICICI
Prudential
Life
Insurance
Co
Ltd
(d)
30,600
197
PICC
Property
&
Casualty
Co
Ltd
450,000
465
Ping
An
Insurance
Group
Co
of
China
Ltd
54,500
272
Qualitas
Controladora
SAB
de
CV
109,500
452
$
2,148
Internet
-
12
.72
%
Alibaba
Group
Holding
Ltd
(e)
143,592
1,433
East
Money
Information
Co
Ltd
69,831
171
JD.com
Inc
29,057
733
Meituan
(d),(e)
53,700
1,128
My
EG
Services
Bhd
1,923,400
350
Naspers
Ltd
4,542
563
Pinduoduo
Inc
ADR
(e)
9,025
565
Tencent
Holdings
Ltd
79,900
2,699
Trip.com
Group
Ltd
ADR
(e)
11,377
311
$
7,953
Investment
Companies
-
0
.33
%
VEF
AB
(e),(f)
687,023
133
Yangzijiang
Financial
Holding
Ltd
(e)
293,200
76
$
209
Iron
&
Steel
-
1
.99
%
Gerdau
SA
ADR
61,959
280
Hunan
Valin
Steel
Co
Ltd
268,996
153
Severstal
PAO
9,865
—
Vale
SA
60,500
810
$
1,243
Leisure
Products
&
Services
-
0
.71
%
Eicher
Motors
Ltd
9,915
444
Lodging
-
0
.48
%
Galaxy
Entertainment
Group
Ltd
51,000
300
Machinery
-
Diversified
-
1
.25
%
NARI
Technology
Co
Ltd
94,192
326
Shanghai
Friendess
Electronic
Technology
Corp
Ltd
4,640
123
WEG
SA
55,900
332
$
781
Metal
Fabrication
&
Hardware
-
0
.74
%
APL
Apollo
Tubes
Ltd
17,471
221
Astral
Ltd
8,869
242
$
463
Mining
-
1
.83
%
Anglo
American
PLC
16,432
493
Impala
Platinum
Holdings
Ltd
40,023
372
Polyus
PJSC
(e)
108
—
Shandong
Gold
Mining
Co
Ltd
(d)
176,250
281
$
1,146
Miscellaneous
Manufacturers
-
0
.57
%
Elite
Material
Co
Ltd
27,000
135
Pidilite
Industries
Ltd
6,632
218
$
353
Oil
&
Gas
-
5
.24
%
Indian
Oil
Corp
Ltd
466,806
382
Petroleo
Brasileiro
SA
131,400
811
PTT
Exploration
&
Production
PCL
70,100
299
Reliance
Industries
Ltd
61,485
1,784
$
3,276
Pharmaceuticals
-
0
.86
%
Caplin
Point
Laboratories
Ltd
18,857
172
Grand
Pharmaceutical
Group
Ltd
326,000
140
Hansoh
Pharmaceutical
Group
Co
Ltd
(d)
142,000
224
$
536
Pipelines
-
1
.11
%
Gaztransport
Et
Technigaz
SA
6,274
692
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Real
Estate
-
1
.33
%
China
Overseas
Land
&
Investment
Ltd
119,000
$
310
China
Resources
Land
Ltd
70,000
274
Multiplan
Empreendimentos
Imobiliarios
SA
55,500
249
$
833
Retail
-
3
.83
%
Arezzo
Industria
e
Comercio
SA
11,600
212
Bosideng
International
Holdings
Ltd
664,000
327
Jumbo
SA
19,890
265
Lojas
Renner
SA
52,037
269
Mitra
Adiperkasa
Tbk
PT
(e)
3,033,500
211
Wal-Mart
de
Mexico
SAB
de
CV
210,300
739
Yifeng
Pharmacy
Chain
Co
Ltd
53,792
374
$
2,397
Semiconductors
-
12
.76
%
ASML
Holding
NV
-
NY
Reg
Shares
648
269
Hana
Materials
Inc
4,593
91
MediaTek
Inc
25,000
431
Novatek
Microelectronics
Corp
16,400
112
Parade
Technologies
Ltd
4,000
74
RichWave
Technology
Corp
15,621
48
Samsung
Electronics
Co
Ltd
69,817
2,564
SK
Hynix
Inc
9,327
534
Taiwan
Semiconductor
Manufacturing
Co
Ltd
291,164
3,859
$
7,982
Shipbuilding
-
0
.33
%
Yangzijiang
Shipbuilding
Holdings
Ltd
293,200
209
Software
-
1
.01
%
NetEase
Inc
41,800
631
Telecommunications
-
1
.64
%
America
Movil
SAB
de
CV
ADR
27,444
452
KT
Corp
9,920
249
Millicom
International
Cellular
SA
(e),(f)
11,414
131
ZTE
Corp
109,400
196
$
1,028
Transportation
-
0
.58
%
Container
Corp
Of
India
Ltd
17,839
155
MISC
Bhd
141,000
205
$
360
TOTAL
COMMON
STOCKS
$
58,979
PREFERRED
STOCKS
-
0
.02
%
Shares
Held
Value
(000's)
Diversified
Financial
Services
-
0
.02
%
Fubon
Financial
Holding
Co
Ltd
0.33%
6,701
$
12
TOTAL
PREFERRED
STOCKS
$
12
Total
Investments
$
63,179
Other
Assets
and
Liabilities
- (1.02)%
(
635
)
TOTAL
NET
ASSETS
-
100.00%
$
62,544
(a)
Current
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$595
or
0.95%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$4,030
or
6.44%
of
net
assets.
(e)
Non-income
producing
security
(f)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$559
or
0.89%
of
net
assets.
Schedule
of
Investments
Global
Emerging
Markets
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
69
Portfolio
Summary (unaudited)
Location
Percent
China
25
.54
%
India
14
.92
%
Korea,
Republic
Of
9
.98
%
Taiwan
9
.62
%
Brazil
7
.74
%
United
States
6
.82
%
Hong
Kong
5
.10
%
Mexico
4
.33
%
Indonesia
4
.04
%
South
Africa
2
.73
%
Malaysia
2
.13
%
Saudi
Arabia
1
.54
%
France
1
.11
%
Thailand
1
.04
%
United
Kingdom
0
.79
%
Singapore
0
.78
%
Poland
0
.67
%
Netherlands
0
.43
%
Greece
0
.42
%
Uruguay
0
.39
%
Turkey
0
.28
%
Luxembourg
0
.21
%
Sweden
0
.21
%
Vietnam
0
.20
%
Russian
Federation
0
.00
%
Other
Assets
and
Liabilities
(
1
.02
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
1,835
$
19,731
$
17,973
$
3,593
$
1,835
$
19,731
$
17,973
$
3,593
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
23
$
—
$
—
$
—
$
23
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Government
&
High
Quality
Bond
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
70
INVESTMENT
COMPANIES
-
2
.02
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
2
.02
%
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(b)
2,824,388
$
2,824
TOTAL
INVESTMENT
COMPANIES
$
2,824
BONDS
-
13
.37
%
Principal
Amount
(000's)
Value
(000's)
Automobile
Asset
Backed
Securities
-
5
.51
%
AmeriCredit
Automobile
Receivables
Trust
2022-2
3.43%,
12/18/2025
$
1,055
$
1,055
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
1.15%
Capital
One
Prime
Auto
Receivables
Trust
2021-1
0.32%,
02/18/2025
645
636
CarMax
Auto
Owner
Trust
2021-4
0.24%,
11/15/2024
202
200
CarMax
Auto
Owner
Trust
2022-1
0.91%,
02/18/2025
1,116
1,102
Carvana
Auto
Receivables
Trust
2021-P3
0.38%,
01/10/2025
665
659
Carvana
Auto
Receivables
Trust
2021-P4
0.82%,
04/10/2025
857
847
GM
Financial
Consumer
Automobile
Receivables
Trust
2021-4
0.28%,
11/18/2024
814
804
Santander
Drive
Auto
Receivables
Trust
2022-1
1.36%,
12/16/2024
793
789
Santander
Drive
Auto
Receivables
Trust
2022-3
2.76%,
03/17/2025
994
990
Santander
Retail
Auto
Lease
Trust
2020-B
0.42%,
11/20/2023
(c)
36
36
Santander
Retail
Auto
Lease
Trust
2021-B
0.31%,
01/22/2024
(c)
435
432
World
Omni
Select
Auto
Trust
2021-A
0.29%,
02/18/2025
136
136
$
7,686
Commercial
Mortgage
Backed
Securities
-
0
.54
%
Ginnie
Mae
0.09%,
02/16/2055
(d),(e)
9,646
16
0.43%,
04/16/2047
(d),(e)
5,594
62
0.49%,
11/16/2052
(d),(e)
3,511
36
0.56%,
03/16/2060
(d),(e)
1,830
77
2.60%,
05/16/2059
243
213
2.60%,
03/16/2060
398
349
$
753
Mortgage
Backed
Securities
-
5
.86
%
EverBank
Mortgage
Loan
Trust
18-1
3.50%,
02/25/2048
(c),(e)
111
100
Fannie
Mae
Grantor
Trust
2005-T1
3.43%,
05/25/2035
118
117
1.00
x
1
Month
USD
LIBOR
+
0.35%
Fannie
Mae
Interest
Strip
3.50%,
12/25/2043
(d),(e)
642
92
Fannie
Mae
REMICS
0.17%,
06/25/2045
(d)
1,448
42
1.00
x
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.00%
3.00%,
10/25/2040
(d)
380
18
3.00%,
04/25/2042
140
136
3.00%,
05/25/2048
87
78
3.00%,
01/25/2051
(d)
2,007
328
4.50%,
04/25/2045
(d)
1,256
249
7.00%,
04/25/2032
57
60
Freddie
Mac
REMICS
0.00%,
05/15/2038
(d),(f)
1,393
44
1.00
x
12
Month
Treasury
Average
Index
+
0.00%
1.50%,
04/15/2028
359
337
3.00%,
11/15/2035
476
473
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
(continued)
Freddie
Mac
REMICS
(continued)
3.00%,
10/15/2041
$
36
$
36
3.00%,
04/15/2046
113
105
Ginnie
Mae
3.00%,
07/20/2050
(d)
1,315
194
3.00%,
09/20/2050
(d)
2,328
344
3.00%,
10/20/2050
(d)
1,662
235
3.00%,
11/20/2050
(d)
2,034
311
3.00%,
11/20/2050
(d)
3,146
457
3.00%,
12/20/2050
(d)
1,317
206
3.09%,
06/20/2046
(d)
342
39
(1.00)
x
1
Month
USD
LIBOR
+
6.10%
3.13%,
12/20/2043
(d)
787
82
(1.00)
x
1
Month
USD
LIBOR
+
6.14%
3.29%,
07/20/2051
(d)
1,602
193
(1.00)
x
1
Month
USD
LIBOR
+
6.30%
3.29%,
08/20/2051
(d)
1,827
233
(1.00)
x
1
Month
USD
LIBOR
+
6.30%
3.50%,
10/20/2049
(d)
2,012
340
4.00%,
02/20/2044
(d)
915
74
4.00%,
04/20/2044
(d)
579
51
4.00%,
01/20/2046
(d)
396
29
JP
Morgan
Mortgage
Trust
2016-4
3.50%,
10/25/2046
(c),(e)
128
115
JP
Morgan
Mortgage
Trust
2017-3
3.75%,
08/25/2047
(c),(e)
513
442
New
Residential
Mortgage
Loan
Trust
2014-1
5.00%,
01/25/2054
(c),(e)
984
936
New
Residential
Mortgage
Loan
Trust
2015-2
5.40%,
08/25/2055
(c),(e)
818
774
Sequoia
Mortgage
Trust
2013-2
3.63%,
02/25/2043
(e)
149
140
Sequoia
Mortgage
Trust
2017-3
3.75%,
04/25/2047
(c),(e)
414
361
Towd
Point
Mortgage
Trust
4.25%,
10/25/2053
(c),(e)
411
407
$
8,178
Other
Asset
Backed
Securities
-
1
.46
%
Chase
Funding
Trust
Series
2004-1
3.54%,
12/25/2033
74
69
1.00
x
1
Month
USD
LIBOR
+
0.46%
DLLST
2022-1
LLC
2.79%,
01/22/2024
(c)
1,000
988
HPEFS
Equipment
Trust
1.02%,
05/21/2029
(c)
1,000
981
$
2,038
TOTAL
BONDS
$
18,655
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
95
.19
%
Principal
Amount
(000's)
Value
(000's)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
-
6
.28
%
2.00%,
10/01/2031
$
299
$
268
2.50%,
02/01/2028
229
219
3.00%,
02/01/2027
76
74
3.00%,
01/01/2031
236
223
3.00%,
01/01/2033
446
421
3.00%,
03/01/2037
164
150
3.00%,
08/01/2042
283
253
3.00%,
10/01/2042
261
234
3.00%,
10/01/2042
508
457
3.00%,
05/01/2043
377
338
3.00%,
10/01/2046
460
410
3.50%,
02/01/2032
453
428
3.50%,
04/01/2042
644
593
3.50%,
05/01/2042
307
282
3.50%,
07/01/2042
989
911
3.50%,
02/01/2044
355
327
4.00%,
07/01/2042
457
437
Schedule
of
Investments
Government
&
High
Quality
Bond
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
71
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
(continued)
4.00%,
01/01/2043
$
429
$
410
4.00%,
06/01/2043
464
441
4.00%,
10/01/2045
584
557
4.23%,
09/01/2032
6
6
1.00
x
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.23%
4.50%,
11/01/2043
448
439
5.00%,
10/01/2025
32
31
5.00%,
02/01/2033
62
62
5.00%,
06/01/2033
98
96
5.00%,
01/01/2034
214
215
5.00%,
07/01/2035
46
46
5.00%,
07/01/2035
4
4
5.00%,
07/01/2035
11
11
5.00%,
10/01/2035
18
18
5.50%,
03/01/2033
49
50
5.50%,
04/01/2038
3
3
5.50%,
05/01/2038
11
11
6.00%,
05/01/2031
6
7
6.00%,
12/01/2031
5
6
6.00%,
11/01/2033
19
20
6.00%,
09/01/2034
23
24
6.00%,
02/01/2035
12
12
6.00%,
10/01/2036
20
21
6.00%,
03/01/2037
28
29
6.00%,
01/01/2038
39
41
6.00%,
04/01/2038
17
17
6.50%,
05/01/2023
1
1
6.50%,
04/01/2026
1
1
6.50%,
05/01/2026
1
1
6.50%,
01/01/2028
1
1
6.50%,
03/01/2028
1
1
6.50%,
10/01/2028
7
7
6.50%,
11/01/2028
1
2
6.50%,
12/01/2028
3
3
6.50%,
03/01/2029
1
1
6.50%,
07/01/2031
15
16
6.50%,
08/01/2031
4
4
6.50%,
10/01/2031
4
4
6.50%,
10/01/2031
6
6
6.50%,
12/01/2031
6
6
6.50%,
02/01/2032
6
7
6.50%,
05/01/2032
15
16
6.50%,
04/01/2035
4
4
7.00%,
09/01/2027
1
1
7.00%,
01/01/2028
11
11
7.00%,
04/01/2028
7
7
7.00%,
05/01/2028
1
1
7.00%,
10/01/2031
7
8
7.00%,
10/01/2031
3
3
7.00%,
04/01/2032
23
25
7.50%,
10/01/2030
4
4
7.50%,
02/01/2031
1
1
7.50%,
02/01/2031
5
5
8.00%,
10/01/2030
7
7
8.50%,
07/01/2029
12
13
$
8,769
Federal
National
Mortgage
Association
(FNMA)
-
0
.45
%
1.95%,
12/01/2033
32
31
1.00
x
12
Month
USD
LIBOR
+
1.70%
2.02%,
12/01/2032
9
9
1.00
x
12
Month
USD
LIBOR
+
1.64%
3.00%,
04/01/2043
466
416
5.50%,
05/01/2033
10
10
6.00%,
05/01/2037
119
122
6.50%,
08/01/2025
8
8
6.50%,
11/01/2032
10
11
7.00%,
08/01/2028
6
7
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)
(continued)
7.00%,
12/01/2028
$
7
$
7
8.00%,
05/01/2027
1
1
$
622
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
-
63
.46
%
1.50%,
10/01/2036
1,814
1,558
2.00%,
02/01/2032
198
179
2.00%,
11/01/2035
1,354
1,194
2.00%,
11/01/2035
912
804
2.00%,
10/01/2050
848
691
2.00%,
03/01/2051
2,006
1,637
2.00%,
05/01/2051
4,737
3,860
2.00%,
09/01/2051
1,477
1,201
2.00%,
09/01/2051
3,382
2,750
2.00%,
11/01/2051
1,889
1,537
2.00%,
11/01/2051
2,986
2,429
2.00%,
11/01/2051
1,909
1,551
2.00%,
11/01/2051
1,594
1,296
2.00%,
12/01/2051
2,822
2,296
2.00%,
12/01/2051
2,887
2,350
2.00%,
01/01/2052
1,931
1,569
2.00%,
02/01/2052
2,179
1,773
2.50%,
06/01/2027
358
343
2.50%,
08/01/2028
282
269
2.50%,
12/01/2031
417
387
2.50%,
09/01/2032
277
256
2.50%,
08/01/2035
1,231
1,120
2.50%,
08/01/2050
2,915
2,467
2.50%,
07/01/2051
3,794
3,211
2.50%,
12/01/2051
2,415
2,066
2.50%,
12/01/2051
1,045
884
2.50%,
12/01/2051
2,680
2,284
2.50%,
01/01/2052
2,120
1,810
2.50%,
02/01/2052
1,931
1,631
2.50%,
04/01/2052
1,360
1,149
2.50%,
04/01/2052
5,281
4,494
2.50%,
05/01/2052
1,979
1,671
3.00%,
05/01/2029
337
320
3.00%,
08/01/2031
688
650
3.00%,
12/01/2034
459
427
3.00%,
10/01/2036
338
311
3.00%,
10/01/2042
840
754
3.00%,
10/01/2046
564
502
3.00%,
08/01/2049
261
229
3.00%,
10/01/2049
615
540
3.00%,
12/01/2049
590
519
3.00%,
01/01/2050
996
875
3.00%,
02/01/2050
919
807
3.00%,
07/01/2050
978
857
3.00%,
08/01/2050
748
656
3.00%,
09/01/2050
1,108
975
3.00%,
10/01/2052
(g)
2,950
2,567
3.50%,
08/01/2031
380
361
3.50%,
02/01/2033
560
532
3.50%,
09/01/2033
776
738
3.50%,
06/01/2039
230
215
3.50%,
11/01/2042
648
596
3.50%,
12/01/2042
709
654
3.50%,
02/01/2043
293
272
3.50%,
03/01/2045
299
275
3.50%,
03/01/2045
587
539
3.50%,
09/01/2045
422
388
3.50%,
03/01/2047
514
475
3.50%,
11/01/2048
1,222
1,125
3.50%,
03/01/2050
1,412
1,307
3.50%,
10/01/2052
(g)
3,000
2,700
4.00%,
01/01/2034
219
209
4.00%,
10/01/2037
311
294
Schedule
of
Investments
Government
&
High
Quality
Bond
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
72
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Federal
National
Mortgage
Association
(FNMA)/Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
Uniform
Mortgage-Backed
Security
(continued)
4.00%,
02/01/2041
$
664
$
633
4.00%,
02/01/2042
409
390
4.00%,
10/01/2043
131
125
4.00%,
08/01/2044
297
282
4.00%,
10/01/2044
845
803
4.00%,
11/01/2044
275
261
4.00%,
08/01/2045
435
413
4.00%,
08/01/2046
691
653
4.00%,
07/01/2047
587
556
4.00%,
10/01/2047
467
443
4.00%,
10/01/2052
(g)
3,500
3,248
4.50%,
08/01/2039
794
779
4.50%,
09/01/2043
844
826
4.50%,
10/01/2043
473
458
4.50%,
11/01/2043
477
464
4.50%,
09/01/2045
335
328
4.50%,
10/01/2045
490
480
4.50%,
11/01/2045
703
689
5.00%,
05/01/2033
555
556
5.00%,
04/01/2035
50
50
5.00%,
04/01/2035
54
54
5.00%,
07/01/2035
2
2
5.00%,
02/01/2038
217
219
5.00%,
02/01/2040
642
654
5.00%,
07/01/2041
501
505
5.50%,
06/01/2033
30
31
5.50%,
02/01/2037
2
2
5.50%,
03/01/2038
47
48
6.00%,
11/01/2028
9
9
6.00%,
12/01/2031
2
2
6.00%,
01/01/2033
25
27
6.00%,
07/01/2037
48
51
6.00%,
11/01/2037
3
3
6.00%,
12/01/2037
6
6
6.00%,
03/01/2038
33
35
6.50%,
09/01/2024
1
1
6.50%,
07/01/2025
5
5
6.50%,
02/01/2026
2
2
6.50%,
05/01/2026
1
1
6.50%,
06/01/2026
1
1
6.50%,
07/01/2028
6
6
6.50%,
03/01/2029
3
3
6.50%,
06/01/2031
8
8
6.50%,
01/01/2032
3
3
6.50%,
04/01/2032
1
1
6.50%,
08/01/2032
5
5
6.50%,
02/01/2033
6
6
6.50%,
12/01/2036
10
10
6.50%,
07/01/2037
3
4
6.50%,
07/01/2037
14
15
6.50%,
02/01/2038
19
19
7.00%,
10/01/2029
5
5
7.00%,
05/01/2031
3
3
7.00%,
11/01/2031
9
9
8.00%,
06/01/2030
1
1
$
88,579
Government
National
Mortgage
Association
(GNMA)
-
19
.84
%
2.00%,
08/20/2050
1,375
1,155
2.00%,
01/20/2051
1,647
1,382
2.00%,
02/20/2051
3,586
3,009
2.50%,
06/20/2050
2,874
2,490
2.50%,
05/20/2051
2,754
2,378
2.50%,
10/01/2052
(g)
250
215
3.00%,
11/15/2042
338
304
3.00%,
12/15/2042
752
672
3.00%,
02/15/2043
816
729
3.00%,
05/15/2043
979
875
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Government
National
Mortgage
Association
(GNMA)
(continued)
3.00%,
07/20/2045
$
498
$
448
3.00%,
07/20/2046
261
234
3.00%,
08/20/2046
571
511
3.00%,
09/20/2046
697
626
3.00%,
12/20/2046
357
320
3.00%,
02/20/2047
453
405
3.00%,
08/20/2047
271
243
3.50%,
01/15/2043
646
602
3.50%,
05/15/2043
631
588
3.50%,
06/20/2043
422
387
3.50%,
04/20/2045
289
265
3.50%,
06/20/2046
46
42
3.50%,
02/20/2047
510
467
3.50%,
05/20/2047
515
484
3.50%,
11/20/2047
346
326
3.50%,
10/01/2052
(g)
2,000
1,819
4.00%,
08/15/2041
400
383
4.00%,
07/20/2047
360
351
4.00%,
01/20/2048
1,145
1,110
4.00%,
10/01/2052
(g)
3,500
3,268
4.50%,
07/15/2040
198
194
4.50%,
10/01/2052
(g)
1,000
957
5.00%,
09/15/2033
2
2
5.00%,
02/15/2034
137
139
5.00%,
09/15/2039
17
17
5.50%,
11/15/2033
19
19
5.50%,
05/20/2035
56
59
6.00%,
04/20/2026
2
2
6.00%,
05/20/2026
1
1
6.00%,
03/20/2028
1
1
6.00%,
06/20/2028
7
8
6.00%,
07/20/2028
3
3
6.00%,
02/20/2029
3
3
6.00%,
03/20/2029
6
6
6.00%,
07/20/2029
7
7
6.00%,
07/20/2033
57
61
6.50%,
12/20/2025
3
3
6.50%,
02/20/2026
2
2
6.50%,
03/20/2031
4
4
6.50%,
04/20/2031
5
5
7.00%,
01/15/2028
3
3
7.00%,
01/15/2028
1
1
7.00%,
01/15/2028
1
1
7.00%,
03/15/2028
39
39
7.00%,
01/15/2029
8
8
7.00%,
03/15/2029
3
3
7.00%,
05/15/2031
4
4
7.00%,
09/15/2031
19
20
7.00%,
06/15/2032
33
33
8.00%,
08/15/2026
1
1
$
27,694
U.S.
Treasury
-
1
.80
%
1.38%,
11/15/2031
250
203
1.88%,
11/15/2051
250
165
4.50%,
02/15/2036
1,000
1,082
5.25%,
11/15/2028
1,000
1,063
$
2,513
U.S.
Treasury
Bill
-
3
.36
%
2.40%,
10/27/2022
(h)
4,215
4,208
2.49%,
11/25/2022
(h)
475
473
$
4,681
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
132,858
Total
Investments
$
154,337
Other
Assets
and
Liabilities
- (10.58)%
(
14,761
)
TOTAL
NET
ASSETS
-
100.00%
$
139,576
Schedule
of
Investments
Government
&
High
Quality
Bond
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
73
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Current
yield
shown
is
as
of
period
end.
(c)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$5,572
or
3.99%
of
net
assets.
(d)
Security
is
an
Interest
Only
Strip.
(e)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions. These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(f)
Non-income
producing
security
(g)
Security
was
purchased
in
a
"to-be-announced"
("TBA")
transaction.
(h)
Rate
shown
is
the
discount
rate
of
the
original
purchase.
Portfolio
Summary (unaudited)
Sector
Percent
Mortgage
Securities
96
.43
%
Asset
Backed
Securities
6
.97
%
Government
5
.16
%
Money
Market
Funds
2
.02
%
Other
Assets
and
Liabilities
(
10
.58
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
17,990
$
126,120
$
141,286
$
2,824
$
17,990
$
126,120
$
141,286
$
2,824
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
30
$
—
$
—
$
—
$
30
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
US
10
Year
Note;
December
2022
Long
60
$
6,724
$
(
330
)
US
5
Year
Note;
December
2022
Short
61
6,558
230
US
Long
Bond;
December
2022
Long
64
8,090
(
692
)
Total
$
(
792
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
LargeCap
Growth
Account
I
September
30,
2022
(unaudited)
See
accompanying
notes.
74
INVESTMENT
COMPANIES
-
3.12%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0.23%
iShares
Russell
1000
Growth
ETF
4,600
$
968
Money
Market
Funds
-
2.89%
BlackRock
Liquidity
FedFund
-
Institutional
Class
2.77%
(a),(b)
3,616,690
3,616
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(c)
8,829,645
8,830
$
12,446
TOTAL
INVESTMENT
COMPANIES
$
13,414
CONVERTIBLE
PREFERRED
STOCKS
-
0.24%
Shares
Held
Value
(000's)
Automobile
Manufacturers
-
0.05%
Waymo
LLC
Series
A-2
0.00%
(d),(e),(f)
2,489
$
228
Chemicals
-
0.04%
Sila
Nano
Series
F
0.00%
(d),(e),(f)
4,929
154
Software
-
0.15%
Nuro
-
Series
C
0.00%
(d),(e),(f)
17,442
364
Rappi
Inc
-
Series
E
0.00%
(d),(e),(f)
5,133
264
$
628
TOTAL
CONVERTIBLE
PREFERRED
STOCKS
$
1,010
COMMON
STOCKS
-
97.49%
Shares
Held
Value
(000's)
Advertising
-
0.21%
Trade
Desk
Inc/The
(d)
15,014
$
897
Aerospace
&
Defense
-
1.09%
Boeing
Co/The
(d)
530
64
HEICO
Corp
130
19
HEICO
Corp
-
Class
A
230
26
Howmet
Aerospace
Inc
123
4
L3Harris
Technologies
Inc
20,274
4,214
Lockheed
Martin
Corp
740
286
Northrop
Grumman
Corp
53
25
Spirit
AeroSystems
Holdings
Inc
327
7
TransDigm
Group
Inc
63
33
$
4,678
Agriculture
-
0.00%
Darling
Ingredients
Inc
(d)
38
2
Airlines
-
0.01%
Delta
Air
Lines
Inc
(d)
1,994
56
Apparel
-
0.27%
Deckers
Outdoor
Corp
(d)
73
23
NIKE
Inc
13,610
1,131
Skechers
USA
Inc
(d)
64
2
Tapestry
Inc
107
3
$
1,159
Automobile
Manufacturers
-
2.14%
Lucid
Group
Inc
(d),(g)
1,557
22
Rivian
Automotive
Inc
(d)
178,140
5,862
Tesla
Inc
(d)
12,461
3,306
$
9,190
Automobile
Parts
&
Equipment
-
0.01%
Allison
Transmission
Holdings
Inc
253
9
Aptiv
PLC
(d)
210
16
$
25
Banks
-
0.01%
First
Citizens
BancShares
Inc/NC
9
7
Signature
Bank/New
York
NY
11
2
SVB
Financial
Group
(d)
116
39
Western
Alliance
Bancorp
199
13
$
61
Beverages
-
1.33%
Boston
Beer
Co
Inc/The
(d)
29
9
Brown-Forman
Corp
-
A
Shares
84
6
Brown-Forman
Corp
-
B
Shares
48,175
3,207
Coca-Cola
Co/The
9,148
513
Monster
Beverage
Corp
(d)
16,069
1,397
PepsiCo
Inc
3,649
596
$
5,728
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Biotechnology
-
0
.74%
Alnylam
Pharmaceuticals
Inc
(d)
375
$
75
Amgen
Inc
1,399
315
Certara
Inc
(d)
257
4
Exelixis
Inc
(d)
853
13
Guardant
Health
Inc
(d)
302
16
Horizon
Therapeutics
Plc
(d)
649
40
Incyte
Corp
(d)
491
33
Ionis
Pharmaceuticals
Inc
(d)
415
18
Maravai
LifeSciences
Holdings
Inc
(d)
343
9
Moderna
Inc
(d)
64
8
Novavax
Inc
(d)
241
4
Regeneron
Pharmaceuticals
Inc
(d)
47
32
Sarepta
Therapeutics
Inc
(d)
266
30
Seagen
Inc
(d)
422
58
Ultragenyx
Pharmaceutical
Inc
(d)
165
7
Vertex
Pharmaceuticals
Inc
(d)
8,732
2,528
$
3,190
Building
Materials
-
0.02%
Armstrong
World
Industries
Inc
88
7
Eagle
Materials
Inc
100
11
Fortune
Brands
Home
&
Security
Inc
139
7
Louisiana-Pacific
Corp
27
1
Martin
Marietta
Materials
Inc
19
6
Masco
Corp
43
2
Trex
Co
Inc
(d)
354
16
Vulcan
Materials
Co
200
32
$
82
Chemicals
-
0.98%
Albemarle
Corp
188
50
Axalta
Coating
Systems
Ltd
(d)
168
4
CF
Industries
Holdings
Inc
621
60
Chemours
Co/The
306
8
Ecolab
Inc
682
98
FMC
Corp
133
14
Linde
PLC
328
88
Mosaic
Co/The
133
6
PPG
Industries
Inc
388
43
RPM
International
Inc
24
2
Sherwin-Williams
Co/The
18,707
3,830
Valvoline
Inc
553
14
$
4,217
Commercial
Services
-
3.86%
Affirm
Holdings
Inc
(d)
18,120
340
Automatic
Data
Processing
Inc
1,196
271
Booz
Allen
Hamilton
Holding
Corp
409
38
Bright
Horizons
Family
Solutions
Inc
(d)
51
3
Cintas
Corp
19,057
7,398
CoStar
Group
Inc
(d)
174
12
Driven
Brands
Holdings
Inc
(d)
13
—
Equifax
Inc
188
32
Euronet
Worldwide
Inc
(d)
111
8
FleetCor
Technologies
Inc
(d)
228
40
FTI
Consulting
Inc
(d)
45
7
Gartner
Inc
(d)
240
66
Global
Payments
Inc
26,377
2,850
GXO
Logistics
Inc
(d)
41
1
H&R
Block
Inc
411
18
MarketAxess
Holdings
Inc
115
26
Mister
Car
Wash
Inc
(d),(g)
203
2
Moody's
Corp
470
114
Morningstar
Inc
69
15
Paylocity
Holding
Corp
(d)
123
30
PayPal
Holdings
Inc
(d)
1,112
96
Quanta
Services
Inc
241
31
Robert
Half
International
Inc
294
23
Rollins
Inc
678
24
S&P
Global
Inc
16,327
4,985
Shift4
Payments
Inc
(d)
158
7
Toast
Inc
(d)
774
13
Schedule
of
Investments
LargeCap
Growth
Account
I
September
30,
2022
(unaudited)
See
accompanying
notes.
75
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Commercial
Services
(continued)
TransUnion
438
$
26
United
Rentals
Inc
(d)
101
27
Verisk
Analytics
Inc
483
82
WEX
Inc
(d)
100
13
WillScot
Mobile
Mini
Holdings
Corp
(d)
357
14
$
16,612
Computers
-
5.60%
Accenture
PLC
-
Class
A
6,072
1,562
Apple
Inc
143,814
19,874
Crowdstrike
Holdings
Inc
(d)
654
108
Dell
Technologies
Inc
124
4
EPAM
Systems
Inc
(d)
171
62
Fortinet
Inc
(d)
41,176
2,023
Genpact
Ltd
294
13
Globant
SA
(d)
126
24
HP
Inc
1,483
37
International
Business
Machines
Corp
1,875
223
KBR
Inc
277
12
NCR
Corp
(d)
24
—
NetApp
Inc
691
43
Pure
Storage
Inc
(d)
870
24
Thoughtworks
Holding
Inc
(d)
301
3
Zscaler
Inc
(d)
259
43
$
24,055
Consumer
Products
-
0.04%
Avery
Dennison
Corp
154
25
Church
&
Dwight
Co
Inc
340
24
Clorox
Co/The
321
41
Kimberly-Clark
Corp
621
70
$
160
Cosmetics
&
Personal
Care
-
1.82%
Colgate-Palmolive
Co
1,586
111
Estee
Lauder
Cos
Inc/The
33,788
7,295
Olaplex
Holdings
Inc
(d)
388
4
Procter
&
Gamble
Co/The
3,180
401
$
7,811
Distribution
&
Wholesale
-
0.07%
Copart
Inc
(d)
664
71
Core
&
Main
Inc
(d)
74
2
Fastenal
Co
1,793
82
IAA
Inc
(d)
345
11
Pool
Corp
122
39
SiteOne
Landscape
Supply
Inc
(d)
88
9
Watsco
Inc
53
14
WESCO
International
Inc
(d)
77
9
WW
Grainger
Inc
142
69
$
306
Diversified
Financial
Services
-
3.88%
American
Express
Co
118
16
Ameriprise
Financial
Inc
217
55
Apollo
Global
Management
Inc
1,089
51
Blue
Owl
Capital
Inc
1,297
12
Charles
Schwab
Corp/The
2,630
189
Credit
Acceptance
Corp
(d)
1
—
LPL
Financial
Holdings
Inc
248
54
Mastercard
Inc
39,922
11,351
Raymond
James
Financial
Inc
49
5
Rocket
Cos
Inc
(g)
235
2
Tradeweb
Markets
Inc
210
12
Upstart
Holdings
Inc
(d),(g)
50
1
UWM
Holdings
Corp
(g)
298
1
Visa
Inc
27,845
4,946
Western
Union
Co/The
404
5
$
16,700
Electric
-
0.01%
AES
Corp/The
375
8
Vistra
Corp
748
16
$
24
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electrical
Components
&
Equipment
-
0.02%
ChargePoint
Holdings
Inc
(d),(g)
780
$
12
Emerson
Electric
Co
585
43
Generac
Holdings
Inc
(d)
193
34
Universal
Display
Corp
138
13
$
102
Electronics
-
0.73%
Agilent
Technologies
Inc
839
102
Allegion
plc
219
20
Amphenol
Corp
40,913
2,740
Arrow
Electronics
Inc
(d)
11
1
Coherent
Corp
(d)
71
2
Honeywell
International
Inc
619
103
Jabil
Inc
342
20
Keysight
Technologies
Inc
(d)
518
82
Mettler-Toledo
International
Inc
(d)
70
76
National
Instruments
Corp
60
2
Vontier
Corp
307
5
$
3,153
Energy
-
Alternate
Sources
-
0.03%
Enphase
Energy
Inc
(d)
408
113
Enviva
Inc
96
6
Plug
Power
Inc
(d)
791
17
$
136
Engineering
&
Construction
-
0.00%
AECOM
28
2
TopBuild
Corp
(d)
87
14
$
16
Entertainment
-
0.27%
Caesars
Entertainment
Inc
(d)
436
14
Churchill
Downs
Inc
112
21
DraftKings
Inc
(d),(g)
1,011
15
Live
Nation
Entertainment
Inc
(d)
14,110
1,073
Madison
Square
Garden
Sports
Corp
(d)
31
4
Six
Flags
Entertainment
Corp
(d)
126
2
Vail
Resorts
Inc
118
26
$
1,155
Environmental
Control
-
0.05%
Republic
Services
Inc
42
6
Tetra
Tech
Inc
71
9
Waste
Management
Inc
1,212
194
$
209
Food
-
0.06
%
Grocery
Outlet
Holding
Corp
(d)
23
1
Hershey
Co/The
394
87
Kellogg
Co
429
30
Lamb
Weston
Holdings
Inc
446
34
Performance
Food
Group
Co
(d)
154
6
Pilgrim's
Pride
Corp
(d)
84
2
Sysco
Corp
1,583
112
$
272
Gas
-
0.00%
National
Fuel
Gas
Co
25
2
Hand
&
Machine
Tools
-
0.01%
Lincoln
Electric
Holdings
Inc
174
22
MSA
Safety
Inc
45
5
$
27
Healthcare
-
Products
-
8.75%
10X
Genomics
Inc
(d)
269
8
Abbott
Laboratories
706
68
ABIOMED
Inc
(d)
138
34
Align
Technology
Inc
(d)
15,803
3,273
Avantor
Inc
(d)
69,856
1,369
Baxter
International
Inc
243
13
Bio-Techne
Corp
121
34
Bruker
Corp
337
18
Danaher
Corp
137
35
Edwards
Lifesciences
Corp
(d)
85,385
7,055
Exact
Sciences
Corp
(d)
99
3
Schedule
of
Investments
LargeCap
Growth
Account
I
September
30,
2022
(unaudited)
See
accompanying
notes.
76
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Products
(continued)
Globus
Medical
Inc
(d)
12
$
1
ICU
Medical
Inc
(d)
13
2
IDEXX
Laboratories
Inc
(d)
260
85
Insulet
Corp
(d)
6,161
1,413
Intuitive
Surgical
Inc
(d)
61,439
11,516
Masimo
Corp
(d)
114
16
Natera
Inc
(d)
248
11
Novocure
Ltd
(d)
328
25
Penumbra
Inc
(d)
111
21
Repligen
Corp
(d)
123
23
ResMed
Inc
449
98
Stryker
Corp
20,216
4,094
Tandem
Diabetes
Care
Inc
(d)
185
9
Thermo
Fisher
Scientific
Inc
16,342
8,289
Waters
Corp
(d)
185
50
West
Pharmaceutical
Services
Inc
230
57
$
37,620
Healthcare
-
Services
-
3.05%
agilon
health
Inc
(d)
533
12
Catalent
Inc
(d)
168
12
Charles
River
Laboratories
International
Inc
(d)
146
29
Chemed
Corp
18
8
DaVita
Inc
(d)
179
15
Elevance
Health
Inc
229
104
Ginkgo
Bioworks
Holdings
Inc
(d),(g)
587
2
HCA
Healthcare
Inc
42
8
Humana
Inc
5,129
2,488
IQVIA
Holdings
Inc
(d)
580
105
Molina
Healthcare
Inc
(d)
139
46
Signify
Health
Inc
(d)
26
1
Sotera
Health
Co
(d)
309
2
Syneos
Health
Inc
(d)
56
3
Teladoc
Health
Inc
(d)
54
1
UnitedHealth
Group
Inc
20,301
10,253
$
13,089
Home
Builders
-
0.02%
DR
Horton
Inc
525
35
NVR
Inc
(d)
7
28
PulteGroup
Inc
286
11
Toll
Brothers
Inc
175
7
$
81
Housewares
-
0.00%
Scotts
Miracle-Gro
Co/The
49
2
Insurance
-
0.15%
Alleghany
Corp
(d)
6
5
Aon
PLC
617
165
Arch
Capital
Group
Ltd
(d)
363
17
Arthur
J
Gallagher
&
Co
75
13
Assurant
Inc
11
2
Brown
&
Brown
Inc
59
4
Erie
Indemnity
Co
60
13
Everest
Re
Group
Ltd
39
10
Lincoln
National
Corp
110
5
Markel
Corp
(d)
9
10
Marsh
&
McLennan
Cos
Inc
1,396
208
Progressive
Corp/The
1,584
184
RenaissanceRe
Holdings
Ltd
74
10
Ryan
Specialty
Holdings
Inc
(d)
257
10
$
656
Internet
-
17.28%
Airbnb
Inc
(d)
1,219
128
Alphabet
Inc
-
A
Shares
(d)
174,388
16,681
Alphabet
Inc
-
C
Shares
(d)
114,517
11,011
Amazon.com
Inc
(d)
230,046
25,996
Booking
Holdings
Inc
(d)
1,281
2,105
CDW
Corp/DE
421
66
Chewy
Inc
(d),(g)
110,522
3,395
Coupang
Inc
(d)
64,387
1,073
DoorDash
Inc
-
Class
A
(d)
688
34
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Internet
(continued)
eBay
Inc
224
$
8
Etsy
Inc
(d)
394
39
Expedia
Group
Inc
(d)
468
44
GoDaddy
Inc
(d)
73
5
IAC
Inc
(d)
10,595
587
Lyft
Inc
(d)
774
10
Match
Group
Inc
(d)
93,662
4,472
Meta
Platforms
Inc
(d)
18,988
2,577
Netflix
Inc
(d)
7,888
1,857
NortonLifeLock
Inc
638
13
Okta
Inc
(d)
60
3
Opendoor
Technologies
Inc
(d)
390
1
Palo
Alto
Networks
Inc
(d)
918
150
Pinterest
Inc
(d)
398
9
Roku
Inc
(d)
112
6
Shopify
Inc
(d)
87,540
2,358
Spotify
Technology
SA
(d)
15,975
1,379
TripAdvisor
Inc
(d)
32
1
Twitter
Inc
(d)
2,152
94
Uber
Technologies
Inc
(d)
5,110
135
VeriSign
Inc
(d)
32
6
Wayfair
Inc
(d)
161
5
Wix.com
Ltd
(d)
131
10
Zendesk
Inc
(d)
377
29
Zillow
Group
Inc
-
A
Shares
(d)
18
1
Zillow
Group
Inc
-
C
Shares
(d)
36
1
$
74,289
Leisure
Products
&
Services
-
0.13%
Brunswick
Corp/DE
44
3
Norwegian
Cruise
Line
Holdings
Ltd
(d)
109
1
Peloton
Interactive
Inc
(d)
75,083
520
Planet
Fitness
Inc
(d)
192
11
Polaris
Inc
130
13
YETI
Holdings
Inc
(d)
274
8
$
556
Lodging
-
0.06%
Choice
Hotels
International
Inc
106
12
Hilton
Worldwide
Holdings
Inc
610
73
Las
Vegas
Sands
Corp
(d)
383
14
Marriott
International
Inc/MD
856
120
Travel
+
Leisure
Co
194
7
Wyndham
Hotels
&
Resorts
Inc
193
12
Wynn
Resorts
Ltd
(d)
48
3
$
241
Machinery
-
Construction
&
Mining
-
0.06%
BWX
Technologies
Inc
112
5
Caterpillar
Inc
1,437
236
Vertiv
Holdings
Co
171
2
$
243
Machinery
-
Diversified
-
2.03%
AGCO
Corp
27
3
Cognex
Corp
503
21
Deere
&
Co
875
292
Graco
Inc
357
21
IDEX
Corp
31,310
6,257
Ingersoll
Rand
Inc
46,477
2,011
Middleby
Corp/The
(d)
14
2
Nordson
Corp
44
9
Otis
Worldwide
Corp
159
10
Rockwell
Automation
Inc
244
52
Toro
Co/The
323
28
Xylem
Inc/NY
79
7
$
8,713
Media
-
0.07%
Cable
One
Inc
11
9
Charter
Communications
Inc
(d)
346
105
FactSet
Research
Systems
Inc
118
47
Liberty
Broadband
Corp
-
A
Shares
(d)
27
2
Liberty
Broadband
Corp
-
C
Shares
(d)
185
14
Schedule
of
Investments
LargeCap
Growth
Account
I
September
30,
2022
(unaudited)
See
accompanying
notes.
77
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Media
(continued)
Liberty
Media
Corp-Liberty
Formula
One
-
A
Shares
(d)
6
$
—
Liberty
Media
Corp-Liberty
Formula
One
-
C
Shares
(d)
71
4
Liberty
Media
Corp-Liberty
SiriusXM
-
A
Shares
73
3
Liberty
Media
Corp-Liberty
SiriusXM
-
C
Shares
(d)
135
5
Nexstar
Media
Group
Inc
11
2
Walt
Disney
Co/The
(d)
380
36
Warner
Bros
Discovery
Inc
(d)
5,404
62
World
Wrestling
Entertainment
Inc
141
10
$
299
Metal
Fabrication
&
Hardware
-
0.01%
Advanced
Drainage
Systems
Inc
199
25
Valmont
Industries
Inc
10
2
$
27
Mining
-
0.00%
MP
Materials
Corp
(d)
299
8
Royal
Gold
Inc
15
2
Southern
Copper
Corp
186
8
$
18
Miscellaneous
Manufacturers
-
0
.07%
A
O
Smith
Corp
96
5
Axon
Enterprise
Inc
(d)
163
19
Carlisle
Cos
Inc
134
37
Donaldson
Co
Inc
65
3
General
Electric
Co
189
12
Illinois
Tool
Works
Inc
869
157
Parker-Hannifin
Corp
90
22
Trane
Technologies
PLC
421
61
$
316
Office
&
Business
Equipment
-
0.00%
Zebra
Technologies
Corp
(d)
67
18
Oil
&
Gas
-
0.15%
Antero
Resources
Corp
(d)
595
18
Continental
Resources
Inc/OK
85
6
Coterra
Energy
Inc
400
10
Devon
Energy
Corp
1,000
60
Diamondback
Energy
Inc
309
37
EOG
Resources
Inc
1,332
149
Hess
Corp
686
75
Occidental
Petroleum
Corp
2,106
129
Ovintiv
Inc
571
26
PDC
Energy
Inc
166
10
Pioneer
Natural
Resources
Co
409
88
Range
Resources
Corp
537
14
Southwestern
Energy
Co
(d)
280
2
Texas
Pacific
Land
Corp
18
32
$
656
Oil
&
Gas
Services
-
0.01%
Halliburton
Co
1,255
31
Packaging
&
Containers
-
0.02%
Ardagh
Metal
Packaging
SA
172
1
Ball
Corp
387
19
Berry
Global
Group
Inc
(d)
189
9
Crown
Holdings
Inc
322
26
Graphic
Packaging
Holding
Co
735
14
Sealed
Air
Corp
452
20
$
89
Pharmaceuticals
-
5.88%
AbbVie
Inc
5,521
741
AmerisourceBergen
Corp
463
63
Becton
Dickinson
and
Co
7,059
1,573
Cigna
Corp
23,880
6,626
Daiichi
Sankyo
Co
Ltd
ADR
31,886
895
Dexcom
Inc
(d)
49,006
3,947
Eli
Lilly
&
Co
11,849
3,832
McKesson
Corp
87
29
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pharmaceuticals
(continued)
Merck
&
Co
Inc
3,306
$
285
Neurocrine
Biosciences
Inc
(d)
294
31
Zoetis
Inc
49,078
7,277
$
25,299
Pipelines
-
0.03%
Cheniere
Energy
Inc
447
74
New
Fortress
Energy
Inc
158
7
ONEOK
Inc
157
8
Targa
Resources
Corp
702
42
$
131
Private
Equity
-
0.05%
Ares
Management
Corp
470
29
Blackstone
Inc
2,184
183
$
212
Real
Estate
-
0
.01%
CBRE
Group
Inc
489
33
REITs
-
1.49%
American
Tower
Corp
1,109
238
Apartment
Income
REIT
Corp
45
2
Camden
Property
Trust
30
4
Crown
Castle
Inc
1,346
195
Equinix
Inc
214
122
Equity
LifeStyle
Properties
Inc
337
21
Extra
Space
Storage
Inc
51
9
Iron
Mountain
Inc
672
29
Lamar
Advertising
Co
242
20
Public
Storage
386
113
SBA
Communications
Corp
19,759
5,624
Simon
Property
Group
Inc
492
44
$
6,421
Retail
-
5.62%
Advance
Auto
Parts
Inc
17
3
AutoZone
Inc
(d)
56
120
Best
Buy
Co
Inc
194
12
BJ's
Wholesale
Club
Holdings
Inc
(d)
261
19
Burlington
Stores
Inc
(d)
192
21
CarMax
Inc
(d)
59
4
Carvana
Co
(d),(g)
15,306
311
Chipotle
Mexican
Grill
Inc
(d)
1,317
1,979
Costco
Wholesale
Corp
16,495
7,790
Darden
Restaurants
Inc
279
35
Dollar
General
Corp
12,589
3,020
Dollar
Tree
Inc
(d)
204
28
Domino's
Pizza
Inc
81
25
Five
Below
Inc
(d)
169
23
Floor
&
Decor
Holdings
Inc
(d)
327
23
Freshpet
Inc
(d)
91
5
Genuine
Parts
Co
39
6
Home
Depot
Inc/The
1,872
517
Leslie's
Inc
(d),(g)
440
6
Lowe's
Cos
Inc
1,724
324
Lululemon
Athletica
Inc
(d)
20,817
5,820
McDonald's
Corp
559
129
Nordstrom
Inc
299
5
Ollie's
Bargain
Outlet
Holdings
Inc
(d)
11
1
O'Reilly
Automotive
Inc
(d)
80
56
RH
(d)
24
6
Ross
Stores
Inc
38,700
3,261
Starbucks
Corp
1,287
108
Target
Corp
795
118
TJX
Cos
Inc/The
3,662
227
Tractor
Supply
Co
348
65
Ulta
Beauty
Inc
(d)
161
65
Victoria's
Secret
&
Co
(d)
185
5
Wendy's
Co/The
558
10
Williams-Sonoma
Inc
171
20
Yum!
Brands
Inc
103
11
$
24,178
Schedule
of
Investments
LargeCap
Growth
Account
I
September
30,
2022
(unaudited)
See
accompanying
notes.
78
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Semiconductors
-
4.28%
Advanced
Micro
Devices
Inc
(d)
21,508
$
1,363
Allegro
MicroSystems
Inc
(d)
206
5
Analog
Devices
Inc
327
46
Applied
Materials
Inc
2,713
222
ASML
Holding
NV
-
NY
Reg
Shares
6,350
2,637
Broadcom
Inc
1,234
548
Entegris
Inc
461
38
GLOBALFOUNDRIES
Inc
(d)
54
3
KLA
Corp
443
134
Lam
Research
Corp
428
157
Lattice
Semiconductor
Corp
(d)
421
21
Microchip
Technology
Inc
1,431
87
Micron
Technology
Inc
655
33
Monolithic
Power
Systems
Inc
141
51
NVIDIA
Corp
59,733
7,250
NXP
Semiconductors
NV
33,922
5,004
ON
Semiconductor
Corp
(d)
842
53
QUALCOMM
Inc
3,496
395
Teradyne
Inc
444
33
Texas
Instruments
Inc
1,973
305
$
18,385
Shipbuilding
-
0.00%
Huntington
Ingalls
Industries
Inc
30
7
Software
-
24.38%
Adobe
Inc
(d)
16,782
4,618
Alteryx
Inc
(d)
186
10
ANSYS
Inc
(d)
141
31
AppLovin
Corp
(d)
698
14
Aspen
Technology
Inc
(d)
85
20
Atlassian
Corp
PLC
(d)
13,224
2,785
Autodesk
Inc
(d)
37,031
6,918
Avalara
Inc
(d)
276
25
Bentley
Systems
Inc
523
16
Black
Knight
Inc
(d)
50
3
Broadridge
Financial
Solutions
Inc
330
48
Cadence
Design
Systems
Inc
(d)
12,934
2,114
CCC
Intelligent
Solutions
Holdings
Inc
(d)
232
2
Ceridian
HCM
Holding
Inc
(d)
82
5
Change
Healthcare
Inc
(d)
70
2
Cloudflare
Inc
(d)
869
48
Confluent
Inc
(d)
384
9
Coupa
Software
Inc
(d)
32,953
1,938
Datadog
Inc
(d)
828
74
Definitive
Healthcare
Corp
(d)
57
1
DocuSign
Inc
(d)
614
33
DoubleVerify
Holdings
Inc
(d)
172
5
Doximity
Inc
(d),(g)
158
5
Dropbox
Inc
-
A
Shares
(d)
785
16
Dynatrace
Inc
(d)
618
22
Elastic
NV
(d)
241
17
Electronic
Arts
Inc
56
6
Fair
Isaac
Corp
(d)
77
32
Fiserv
Inc
(d)
56,610
5,297
Five9
Inc
(d)
216
16
HashiCorp
Inc
(d)
8,643
278
HubSpot
Inc
(d)
141
38
Informatica
Inc
(d),(g)
28
1
Intuit
Inc
38,875
15,057
Jack
Henry
&
Associates
Inc
225
41
Jamf
Holding
Corp
(d)
177
4
Magic
Leap
Inc
(d),(e),(f)
371
7
Manhattan
Associates
Inc
(d)
120
16
Microsoft
Corp
150,408
35,031
MongoDB
Inc
(d)
4,779
949
MSCI
Inc
185
78
nCino
Inc
(d)
40
1
New
Relic
Inc
(d)
164
9
Nutanix
Inc
(d)
358
7
Oracle
Corp
3,242
198
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
(continued)
Palantir
Technologies
Inc
(d)
5,644
$
46
Paychex
Inc
1,004
113
Paycom
Software
Inc
(d)
160
53
Pegasystems
Inc
141
5
Playtika
Holding
Corp
(d)
335
3
Procore
Technologies
Inc
(d)
166
8
PTC
Inc
(d)
328
34
RingCentral
Inc
(d)
263
10
ROBLOX
Corp
(d)
1,370
49
Roper
Technologies
Inc
18,150
6,527
Salesforce
Inc
(d)
30,990
4,457
SentinelOne
Inc
(d)
398
10
ServiceNow
Inc
(d)
29,625
11,186
Smartsheet
Inc
(d)
390
13
Snowflake
Inc
-
Class
A
(d)
3,245
551
Splunk
Inc
(d)
501
38
Stripe
Inc
-
Class
B
(d),(e),(f)
5,754
133
Synopsys
Inc
(d)
1,063
325
Take-Two
Interactive
Software
Inc
(d)
422
46
Teradata
Corp
(d)
174
5
Twilio
Inc
(d)
200
14
Tyler
Technologies
Inc
(d)
112
39
UiPath
Inc
(d)
121
2
Unity
Software
Inc
(d)
435
14
Veeva
Systems
Inc
(d)
31,070
5,123
VMware
Inc
316
34
Workday
Inc
(d)
616
94
Zoom
Video
Communications
Inc
(d)
397
29
ZoomInfo
Technologies
Inc
(d)
855
36
$
104,842
Telecommunications
-
0.26%
Arista
Networks
Inc
(d)
9,549
1,078
Corning
Inc
140
4
Switch
Inc
283
10
Ubiquiti
Inc
7
2
$
1,094
Toys,
Games
&
Hobbies
-
0.00%
Mattel
Inc
(d)
507
10
Transportation
-
0.37%
CH
Robinson
Worldwide
Inc
103
10
CSX
Corp
1,684
45
Expeditors
International
of
Washington
Inc
160
14
JB
Hunt
Transport
Services
Inc
231
36
Landstar
System
Inc
102
15
Old
Dominion
Freight
Line
Inc
3,047
758
Union
Pacific
Corp
1,961
382
United
Parcel
Service
Inc
2,046
331
XPO
Logistics
Inc
(d)
28
1
$
1,592
TOTAL
COMMON
STOCKS
$
419,173
Total
Investments
$
433,597
Other
Assets
and
Liabilities
- (0.85)%
(3,634)
TOTAL
NET
ASSETS
-
100.00%
$
429,963
(a)
Current
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$3,616
or
0.84%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
The
value
of
these
investments
was
determined
using
significant
unobservable
inputs,
in
good
faith
by
the
Manager,
under
procedures
established
and
periodically
reviewed
by
the
Board
of
Directors.
Schedule
of
Investments
LargeCap
Growth
Account
I
September
30,
2022
(unaudited)
See
accompanying
notes.
79
(f)
Restricted
Security.
Please
see
Restricted
Securities
sub-schedule
for
additional
information.
(g)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$3,485
or
0.81%
of
net
assets.
Portfolio
Summary (unaudited)
Sector
Percent
Technology
34.41%
Consumer,
Non-cyclical
25.53%
Communications
17.82%
Consumer,
Cyclical
8.65%
Financial
5.59%
Industrial
4.48%
Money
Market
Funds
2.89%
Basic
Materials
1.02%
Investment
Companies
0.23%
Energy
0.22%
Utilities
0.01%
Other
Assets
and
Liabilities
(0.85)%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
14,583
$
165,745
$
171,498
$
8,830
$
14,583
$
165,745
$
171,498
$
8,830
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
44
$
—
$
—
$
—
$
44
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Restricted
Securities
Security
Name
Acquisition
Date
Cost
Value
Percent
of
Net
Assets
Magic
Leap
Inc
01/20/2016-10/12/2017
$
182
$
7
0.00%
Nuro
-
Series
C
0.00%
10/30/2020
228
364
0.09%
Rappi
Inc
-
Series
E
0.00%
09/08/2020
306
264
0.06%
Sila
Nano
Series
F
0.00%
01/07/2021
203
154
0.04%
Stripe
Inc
-
Class
B
12/17/2019
90
133
0.03%
Waymo
LLC
Series
A-2
0.00%
05/08/2020
214
228
0.05%
Total
$
1,150
0.27%
Amounts
in
thousands.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
S&P
500
Emini;
December
2022
Long
15
$
2,701
$
(263)
Total
$
(263)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
LargeCap
S&P
500
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
80
INVESTMENT
COMPANIES
-
4
.16
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.22
%
iShares
Core
S&P
500
ETF
15,016
$
5,386
Money
Market
Funds
-
3
.94
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
2.77%
(a),(b)
9
—
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(c)
94,815,808
94,816
$
94,816
TOTAL
INVESTMENT
COMPANIES
$
100,202
COMMON
STOCKS
-
98
.19
%
Shares
Held
Value
(000's)
Advertising
-
0
.07
%
Interpublic
Group
of
Cos
Inc/The
30,638
$
784
Omnicom
Group
Inc
16,051
1,013
$
1,797
Aerospace
&
Defense
-
1
.60
%
Boeing
Co/The
(d)
43,734
5,295
General
Dynamics
Corp
17,621
3,739
Howmet
Aerospace
Inc
28,968
896
L3Harris
Technologies
Inc
14,994
3,116
Lockheed
Martin
Corp
18,490
7,143
Northrop
Grumman
Corp
11,395
5,359
Raytheon
Technologies
Corp
115,688
9,470
Teledyne
Technologies
Inc
(d)
3,671
1,239
TransDigm
Group
Inc
4,037
2,119
$
38,376
Agriculture
-
0
.80
%
Altria
Group
Inc
141,098
5,698
Archer-Daniels-Midland
Co
43,922
3,533
Philip
Morris
International
Inc
121,456
10,082
$
19,313
Airlines
-
0
.19
%
Alaska
Air
Group
Inc
(d)
9,932
389
American
Airlines
Group
Inc
(d)
50,916
613
Delta
Air
Lines
Inc
(d)
50,238
1,409
Southwest
Airlines
Co
(d)
46,489
1,434
United
Airlines
Holdings
Inc
(d)
25,601
833
$
4,678
Apparel
-
0
.41
%
NIKE
Inc
99,010
8,230
Ralph
Lauren
Corp
3,362
285
Tapestry
Inc
19,729
561
VF
Corp
25,873
774
$
9,850
Automobile
Manufacturers
-
2
.79
%
Cummins
Inc
11,047
2,248
Ford
Motor
Co
309,440
3,466
General
Motors
Co
114,239
3,666
PACCAR
Inc
27,244
2,280
Tesla
Inc
(d)
208,683
55,353
$
67,013
Automobile
Parts
&
Equipment
-
0
.09
%
Aptiv
PLC
(d)
21,228
1,660
BorgWarner
Inc
18,557
583
$
2,243
Banks
-
4
.53
%
Bank
of
America
Corp
547,728
16,541
Bank
of
New
York
Mellon
Corp/The
57,619
2,219
Citigroup
Inc
151,742
6,323
Citizens
Financial
Group
Inc
38,833
1,334
Comerica
Inc
10,250
729
Fifth
Third
Bancorp
53,763
1,718
First
Republic
Bank/CA
14,316
1,869
Goldman
Sachs
Group
Inc/The
26,745
7,838
Huntington
Bancshares
Inc/OH
112,998
1,489
JPMorgan
Chase
&
Co
229,770
24,011
KeyCorp
73,074
1,171
M&T
Bank
Corp
13,761
2,426
Morgan
Stanley
104,924
8,290
Northern
Trust
Corp
16,327
1,397
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
PNC
Financial
Services
Group
Inc/The
32,135
$
4,802
Regions
Financial
Corp
73,210
1,469
Signature
Bank/New
York
NY
4,931
745
State
Street
Corp
28,803
1,752
SVB
Financial
Group
(d)
4,628
1,554
Truist
Financial
Corp
103,926
4,525
US
Bancorp
105,934
4,271
Wells
Fargo
&
Co
297,190
11,953
Zions
Bancorp
NA
11,791
600
$
109,026
Beverages
-
1
.84
%
Brown-Forman
Corp
-
B
Shares
14,326
954
Coca-Cola
Co/The
304,955
17,084
Constellation
Brands
Inc
12,483
2,867
Keurig
Dr
Pepper
Inc
66,570
2,384
Molson
Coors
Beverage
Co
14,745
708
Monster
Beverage
Corp
(d)
30,135
2,620
PepsiCo
Inc
108,131
17,653
$
44,270
Biotechnology
-
1
.68
%
Amgen
Inc
41,912
9,447
Biogen
Inc
(d)
11,369
3,036
Bio-Rad
Laboratories
Inc
(d)
1,679
700
Corteva
Inc
56,304
3,218
Gilead
Sciences
Inc
98,202
6,058
Illumina
Inc
(d)
12,309
2,348
Incyte
Corp
(d)
14,466
964
Moderna
Inc
(d)
26,361
3,117
Regeneron
Pharmaceuticals
Inc
(d)
8,399
5,786
Vertex
Pharmaceuticals
Inc
(d)
20,093
5,818
$
40,492
Building
Materials
-
0
.41
%
Carrier
Global
Corp
65,941
2,345
Fortune
Brands
Home
&
Security
Inc
10,133
544
Johnson
Controls
International
plc
53,970
2,656
Martin
Marietta
Materials
Inc
4,886
1,574
Masco
Corp
17,671
825
Mohawk
Industries
Inc
(d)
4,132
377
Vulcan
Materials
Co
10,413
1,642
$
9,963
Chemicals
-
1
.61
%
Air
Products
and
Chemicals
Inc
17,377
4,044
Albemarle
Corp
9,176
2,426
Celanese
Corp
7,811
706
CF
Industries
Holdings
Inc
15,613
1,503
Dow
Inc
56,270
2,472
DuPont
de
Nemours
Inc
39,248
1,978
Eastman
Chemical
Co
9,623
684
Ecolab
Inc
19,427
2,806
FMC
Corp
9,869
1,043
International
Flavors
&
Fragrances
Inc
19,976
1,814
Linde
PLC
39,048
10,527
LyondellBasell
Industries
NV
19,937
1,501
Mosaic
Co/The
27,054
1,308
PPG
Industries
Inc
18,414
2,038
Sherwin-Williams
Co/The
18,481
3,784
$
38,634
Commercial
Services
-
1
.89
%
Automatic
Data
Processing
Inc
32,557
7,364
Cintas
Corp
6,739
2,616
CoStar
Group
Inc
(d)
31,023
2,161
Equifax
Inc
9,590
1,644
FleetCor
Technologies
Inc
(d)
5,879
1,036
Gartner
Inc
(d)
6,197
1,715
Global
Payments
Inc
21,717
2,346
MarketAxess
Holdings
Inc
2,949
656
Moody's
Corp
12,365
3,006
Nielsen
Holdings
PLC
28,182
781
PayPal
Holdings
Inc
(d)
90,610
7,799
Schedule
of
Investments
LargeCap
S&P
500
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
81
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Commercial
Services
(continued)
Quanta
Services
Inc
11,207
$
1,428
Robert
Half
International
Inc
8,586
657
Rollins
Inc
18,133
629
S&P
Global
Inc
26,694
8,151
United
Rentals
Inc
(d)
5,483
1,481
Verisk
Analytics
Inc
12,299
2,097
$
45,567
Computers
-
8
.24
%
Accenture
PLC
-
Class
A
49,560
12,752
Apple
Inc
1,183,614
163,575
Cognizant
Technology
Solutions
Corp
40,570
2,330
DXC
Technology
Co
(d)
18,012
441
EPAM
Systems
Inc
(d)
4,493
1,627
Fortinet
Inc
(d)
51,280
2,519
Hewlett
Packard
Enterprise
Co
101,804
1,220
HP
Inc
71,304
1,777
International
Business
Machines
Corp
70,765
8,408
Leidos
Holdings
Inc
10,698
936
NetApp
Inc
17,218
1,065
Seagate
Technology
Holdings
PLC
15,303
814
Western
Digital
Corp
(d)
24,537
799
$
198,263
Consumer
Products
-
0
.27
%
Avery
Dennison
Corp
6,367
1,036
Church
&
Dwight
Co
Inc
19,032
1,360
Clorox
Co/The
9,650
1,239
Kimberly-Clark
Corp
26,453
2,977
$
6,612
Cosmetics
&
Personal
Care
-
1
.34
%
Colgate-Palmolive
Co
65,355
4,591
Estee
Lauder
Cos
Inc/The
18,163
3,922
Procter
&
Gamble
Co/The
(e)
187,226
23,637
$
32,150
Distribution
&
Wholesale
-
0
.31
%
Copart
Inc
(d)
16,760
1,783
Fastenal
Co
45,026
2,073
LKQ
Corp
20,423
963
Pool
Corp
3,102
987
WW
Grainger
Inc
3,547
1,735
$
7,541
Diversified
Financial
Services
-
3
.61
%
American
Express
Co
46,996
6,340
Ameriprise
Financial
Inc
8,475
2,135
BlackRock
Inc
11,812
6,500
Capital
One
Financial
Corp
30,073
2,772
Cboe
Global
Markets
Inc
8,310
976
Charles
Schwab
Corp/The
119,637
8,598
CME
Group
Inc
28,162
4,988
Discover
Financial
Services
21,405
1,946
Franklin
Resources
Inc
22,256
479
Intercontinental
Exchange
Inc
43,756
3,954
Invesco
Ltd
35,642
488
Mastercard
Inc
66,852
19,009
Nasdaq
Inc
26,558
1,505
Raymond
James
Financial
Inc
15,219
1,504
Synchrony
Financial
37,747
1,064
T
Rowe
Price
Group
Inc
17,684
1,857
Visa
Inc
128,107
22,758
$
86,873
Electric
-
2
.92
%
AES
Corp/The
52,332
1,183
Alliant
Energy
Corp
19,660
1,042
Ameren
Corp
20,244
1,631
American
Electric
Power
Co
Inc
40,252
3,480
CenterPoint
Energy
Inc
49,321
1,390
CMS
Energy
Corp
22,737
1,324
Consolidated
Edison
Inc
27,782
2,383
Constellation
Energy
Corp
25,609
2,130
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electric
(continued)
Dominion
Energy
Inc
65,226
$
4,508
DTE
Energy
Co
15,180
1,746
Duke
Energy
Corp
60,329
5,612
Edison
International
29,886
1,691
Entergy
Corp
15,938
1,604
Evergy
Inc
17,983
1,068
Eversource
Energy
27,144
2,116
Exelon
Corp
77,704
2,911
FirstEnergy
Corp
42,532
1,574
NextEra
Energy
Inc
153,942
12,071
NRG
Energy
Inc
18,425
705
PG&E
Corp
(d)
126,057
1,576
Pinnacle
West
Capital
Corp
8,857
571
PPL
Corp
57,680
1,462
Public
Service
Enterprise
Group
Inc
39,086
2,198
Sempra
Energy
24,627
3,692
Southern
Co/The
83,287
5,663
WEC
Energy
Group
Inc
24,714
2,210
Xcel
Energy
Inc
42,857
2,743
$
70,284
Electrical
Components
&
Equipment
-
0
.26
%
AMETEK
Inc
17,989
2,040
Emerson
Electric
Co
46,330
3,392
Generac
Holdings
Inc
(d)
5,001
891
$
6,323
Electronics
-
1
.08
%
Agilent
Technologies
Inc
23,405
2,845
Allegion
plc
6,883
617
Amphenol
Corp
46,606
3,121
Fortive
Corp
27,871
1,625
Garmin
Ltd
12,089
971
Honeywell
International
Inc
52,785
8,813
Keysight
Technologies
Inc
(d)
14,100
2,219
Mettler-Toledo
International
Inc
(d)
1,763
1,911
TE
Connectivity
Ltd
25,061
2,766
Trimble
Inc
(d)
19,405
1,053
$
25,941
Energy
-
Alternate
Sources
-
0
.16
%
Enphase
Energy
Inc
(d)
10,612
2,944
SolarEdge
Technologies
Inc
(d)
4,358
1,009
$
3,953
Engineering
&
Construction
-
0
.05
%
Jacobs
Solutions
Inc
9,999
1,085
Entertainment
-
0
.06
%
Caesars
Entertainment
Inc
(d)
16,800
542
Live
Nation
Entertainment
Inc
(d)
11,133
847
$
1,389
Environmental
Control
-
0
.31
%
Pentair
PLC
12,886
524
Republic
Services
Inc
16,091
2,189
Waste
Management
Inc
29,471
4,721
$
7,434
Food
-
1
.18
%
Campbell
Soup
Co
15,780
744
Conagra
Brands
Inc
37,614
1,227
General
Mills
Inc
46,676
3,576
Hershey
Co/The
11,507
2,537
Hormel
Foods
Corp
22,676
1,030
J
M
Smucker
Co/The
8,350
1,147
Kellogg
Co
19,986
1,392
Kraft
Heinz
Co/The
62,409
2,081
Kroger
Co/The
51,020
2,232
Lamb
Weston
Holdings
Inc
11,262
872
McCormick
&
Co
Inc/MD
19,625
1,399
Mondelez
International
Inc
107,387
5,888
Sysco
Corp
39,918
2,823
Tyson
Foods
Inc
22,693
1,496
$
28,444
Schedule
of
Investments
LargeCap
S&P
500
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
82
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Forest
Products
&
Paper
-
0
.04
%
International
Paper
Co
28,365
$
899
Gas
-
0
.08
%
Atmos
Energy
Corp
10,960
1,116
NiSource
Inc
31,805
801
$
1,917
Hand
&
Machine
Tools
-
0
.07
%
Snap-on
Inc
4,174
841
Stanley
Black
&
Decker
Inc
11,583
871
$
1,712
Healthcare
-
Products
-
3
.75
%
Abbott
Laboratories
137,209
13,276
ABIOMED
Inc
(d)
3,561
875
Align
Technology
Inc
(d)
5,692
1,179
Baxter
International
Inc
39,458
2,125
Bio-Techne
Corp
3,073
873
Boston
Scientific
Corp
(d)
112,168
4,344
Cooper
Cos
Inc/The
3,865
1,020
Danaher
Corp
51,296
13,249
DENTSPLY
SIRONA
Inc
16,881
479
Edwards
Lifesciences
Corp
(d)
48,573
4,014
Henry
Schein
Inc
(d)
10,665
701
Hologic
Inc
(d)
19,560
1,262
IDEXX
Laboratories
Inc
(d)
6,524
2,126
Intuitive
Surgical
Inc
(d)
27,981
5,245
Medtronic
PLC
104,107
8,407
PerkinElmer
Inc
9,890
1,190
ResMed
Inc
11,472
2,504
STERIS
PLC
7,836
1,303
Stryker
Corp
26,381
5,343
Teleflex
Inc
3,675
740
Thermo
Fisher
Scientific
Inc
30,697
15,569
Waters
Corp
(d)
4,691
1,264
West
Pharmaceutical
Services
Inc
5,801
1,428
Zimmer
Biomet
Holdings
Inc
16,440
1,719
$
90,235
Healthcare
-
Services
-
2
.75
%
Catalent
Inc
(d)
14,041
1,016
Centene
Corp
(d)
44,785
3,485
Charles
River
Laboratories
International
Inc
(d)
3,985
784
DaVita
Inc
(d)
4,365
361
Elevance
Health
Inc
18,804
8,542
HCA
Healthcare
Inc
16,868
3,100
Humana
Inc
9,915
4,811
IQVIA
Holdings
Inc
(d)
14,615
2,647
Laboratory
Corp
of
America
Holdings
7,084
1,451
Molina
Healthcare
Inc
(d)
4,553
1,502
Quest
Diagnostics
Inc
9,137
1,121
UnitedHealth
Group
Inc
73,288
37,013
Universal
Health
Services
Inc
5,150
454
$
66,287
Home
Builders
-
0
.20
%
DR
Horton
Inc
24,776
1,669
Lennar
Corp
-
A
Shares
19,980
1,489
NVR
Inc
(d)
242
965
PulteGroup
Inc
18,139
680
$
4,803
Home
Furnishings
-
0
.02
%
Whirlpool
Corp
4,272
576
Housewares
-
0
.02
%
Newell
Brands
Inc
29,490
410
Insurance
-
3
.74
%
Aflac
Inc
45,057
2,532
Allstate
Corp/The
21,179
2,637
American
International
Group
Inc
59,581
2,829
Aon
PLC
16,526
4,427
Arthur
J
Gallagher
&
Co
16,480
2,822
Assurant
Inc
4,170
606
Berkshire
Hathaway
Inc
-
Class
B
(d)
141,410
37,759
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
(continued)
Brown
&
Brown
Inc
18,369
$
1,111
Chubb
Ltd
32,724
5,952
Cincinnati
Financial
Corp
12,473
1,117
Everest
Re
Group
Ltd
3,087
810
Globe
Life
Inc
7,100
708
Hartford
Financial
Services
Group
Inc/The
25,319
1,568
Lincoln
National
Corp
12,139
533
Loews
Corp
15,669
781
Marsh
&
McLennan
Cos
Inc
39,100
5,837
MetLife
Inc
52,496
3,191
Principal
Financial
Group
Inc
18,162
1,310
Progressive
Corp/The
45,829
5,326
Prudential
Financial
Inc
29,148
2,500
Travelers
Cos
Inc/The
18,595
2,849
W
R
Berkley
Corp
16,005
1,034
Willis
Towers
Watson
PLC
8,617
1,732
$
89,971
Internet
-
8
.85
%
Alphabet
Inc
-
A
Shares
(d)
469,794
44,936
Alphabet
Inc
-
C
Shares
(d)
420,106
40,393
Amazon.com
Inc
(d)
694,440
78,472
Booking
Holdings
Inc
(d)
3,111
5,112
CDW
Corp/DE
10,596
1,654
eBay
Inc
43,045
1,585
Etsy
Inc
(d)
9,921
993
Expedia
Group
Inc
(d)
11,912
1,116
F5
Inc
(d)
4,668
676
Match
Group
Inc
(d)
22,173
1,059
Meta
Platforms
Inc
(d)
178,694
24,245
Netflix
Inc
(d)
34,843
8,203
NortonLifeLock
Inc
46,389
934
Twitter
Inc
(d)
52,681
2,310
VeriSign
Inc
(d)
7,314
1,270
$
212,958
Iron
&
Steel
-
0
.09
%
Nucor
Corp
20,512
2,195
Leisure
Products
&
Services
-
0
.07
%
Carnival
Corp
(d)
77,339
544
Norwegian
Cruise
Line
Holdings
Ltd
(d)
33,016
375
Royal
Caribbean
Cruises
Ltd
(d)
17,187
651
$
1,570
Lodging
-
0
.33
%
Hilton
Worldwide
Holdings
Inc
21,492
2,592
Las
Vegas
Sands
Corp
(d)
25,747
966
Marriott
International
Inc/MD
21,615
3,029
MGM
Resorts
International
25,565
760
Wynn
Resorts
Ltd
(d)
8,110
511
$
7,858
Machinery
-
Construction
&
Mining
-
0
.28
%
Caterpillar
Inc
41,364
6,787
Machinery
-
Diversified
-
0
.77
%
Deere
&
Co
21,791
7,276
Dover
Corp
11,248
1,311
IDEX
Corp
5,914
1,182
Ingersoll
Rand
Inc
31,591
1,367
Nordson
Corp
4,236
899
Otis
Worldwide
Corp
32,927
2,101
Rockwell
Automation
Inc
9,045
1,946
Westinghouse
Air
Brake
Technologies
Corp
14,251
1,159
Xylem
Inc/NY
14,118
1,233
$
18,474
Media
-
1
.33
%
Charter
Communications
Inc
(d)
8,685
2,635
Comcast
Corp
-
Class
A
345,044
10,120
DISH
Network
Corp
(d)
19,667
272
FactSet
Research
Systems
Inc
2,974
1,190
Fox
Corp
-
A
Shares
24,014
737
Fox
Corp
-
B
Shares
11,028
314
Schedule
of
Investments
LargeCap
S&P
500
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
83
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Media
(continued)
News
Corp
-
A
Shares
30,213
$
457
News
Corp
-
B
Shares
9,361
144
Paramount
Global
-
Class
B
39,566
753
Walt
Disney
Co/The
(d)
142,838
13,474
Warner
Bros
Discovery
Inc
(d)
173,087
1,990
$
32,086
Mining
-
0
.24
%
Freeport-McMoRan
Inc
112,043
3,062
Newmont
Corp
62,185
2,614
$
5,676
Miscellaneous
Manufacturers
-
1
.03
%
3M
Co
43,376
4,793
A
O
Smith
Corp
10,068
489
Eaton
Corp
PLC
31,208
4,162
General
Electric
Co
85,918
5,319
Illinois
Tool
Works
Inc
22,077
3,988
Parker-Hannifin
Corp
10,057
2,437
Textron
Inc
16,575
966
Trane
Technologies
PLC
18,157
2,629
$
24,783
Office
&
Business
Equipment
-
0
.04
%
Zebra
Technologies
Corp
(d)
4,058
1,063
Oil
&
Gas
-
3
.91
%
APA
Corp
25,585
875
Chevron
Corp
141,099
20,272
ConocoPhillips
99,745
10,208
Coterra
Energy
Inc
62,337
1,628
Devon
Energy
Corp
51,303
3,085
Diamondback
Energy
Inc
13,927
1,678
EOG
Resources
Inc
45,918
5,130
EQT
Corp
28,966
1,180
Exxon
Mobil
Corp
326,541
28,510
Hess
Corp
21,833
2,380
Marathon
Oil
Corp
53,090
1,199
Marathon
Petroleum
Corp
39,069
3,881
Occidental
Petroleum
Corp
58,388
3,588
Phillips
66
37,691
3,042
Pioneer
Natural
Resources
Co
18,700
4,049
Valero
Energy
Corp
30,869
3,298
$
94,003
Oil
&
Gas
Services
-
0
.31
%
Baker
Hughes
Co
79,271
1,662
Halliburton
Co
71,059
1,749
Schlumberger
NV
110,818
3,978
$
7,389
Packaging
&
Containers
-
0
.18
%
Amcor
PLC
117,744
1,263
Ball
Corp
24,628
1,190
Packaging
Corp
of
America
7,345
825
Sealed
Air
Corp
11,380
507
Westrock
Co
19,925
615
$
4,400
Pharmaceuticals
-
6
.57
%
AbbVie
Inc
138,532
18,592
AmerisourceBergen
Corp
12,179
1,648
Becton
Dickinson
and
Co
22,345
4,979
Bristol-Myers
Squibb
Co
167,299
11,893
Cardinal
Health
Inc
21,345
1,423
Cigna
Corp
23,906
6,633
CVS
Health
Corp
102,861
9,810
Dexcom
Inc
(d)
30,760
2,478
Eli
Lilly
&
Co
61,791
19,980
Johnson
&
Johnson
205,998
33,652
McKesson
Corp
11,261
3,827
Merck
&
Co
Inc
198,485
17,094
Organon
&
Co
19,927
466
Pfizer
Inc
439,735
19,243
Viatris
Inc
95,007
810
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pharmaceuticals
(continued)
Zoetis
Inc
36,680
$
5,439
$
157,967
Pipelines
-
0
.30
%
Kinder
Morgan
Inc
155,342
2,585
ONEOK
Inc
35,012
1,794
Williams
Cos
Inc/The
95,473
2,733
$
7,112
Real
Estate
-
0
.07
%
CBRE
Group
Inc
25,165
1,699
REITs
-
2
.68
%
Alexandria
Real
Estate
Equities
Inc
11,634
1,631
American
Tower
Corp
36,479
7,832
AvalonBay
Communities
Inc
10,956
2,018
Boston
Properties
Inc
11,176
838
Camden
Property
Trust
8,347
997
Crown
Castle
Inc
33,929
4,904
Digital
Realty
Trust
Inc
22,519
2,233
Equinix
Inc
7,135
4,059
Equity
Residential
26,523
1,783
Essex
Property
Trust
Inc
5,102
1,236
Extra
Space
Storage
Inc
10,492
1,812
Federal
Realty
Investment
Trust
5,705
514
Healthpeak
Properties
Inc
42,276
969
Host
Hotels
&
Resorts
Inc
56,012
890
Invitation
Homes
Inc
45,430
1,534
Iron
Mountain
Inc
22,776
1,002
Kimco
Realty
Corp
48,458
892
Mid-America
Apartment
Communities
Inc
9,044
1,403
Prologis
Inc
72,286
7,344
Public
Storage
12,377
3,624
Realty
Income
Corp
48,387
2,816
Regency
Centers
Corp
12,067
650
SBA
Communications
Corp
8,452
2,406
Simon
Property
Group
Inc
25,649
2,302
UDR
Inc
23,931
998
Ventas
Inc
31,317
1,258
VICI
Properties
Inc
75,459
2,252
Vornado
Realty
Trust
12,622
292
Welltower
Inc
36,305
2,335
Weyerhaeuser
Co
58,006
1,657
$
64,481
Retail
-
5
.30
%
Advance
Auto
Parts
Inc
4,752
743
AutoZone
Inc
(d)
1,527
3,271
Bath
&
Body
Works
Inc
17,888
583
Best
Buy
Co
Inc
15,703
995
CarMax
Inc
(d)
12,472
823
Chipotle
Mexican
Grill
Inc
(d)
2,176
3,270
Costco
Wholesale
Corp
34,706
16,391
Darden
Restaurants
Inc
9,605
1,213
Dollar
General
Corp
17,785
4,266
Dollar
Tree
Inc
(d)
16,540
2,251
Domino's
Pizza
Inc
2,812
872
Genuine
Parts
Co
11,082
1,655
Home
Depot
Inc/The
80,526
22,220
Lowe's
Cos
Inc
50,078
9,405
McDonald's
Corp
57,645
13,301
O'Reilly
Automotive
Inc
(d)
4,995
3,513
Ross
Stores
Inc
27,418
2,311
Starbucks
Corp
89,899
7,575
Target
Corp
36,331
5,391
TJX
Cos
Inc/The
91,798
5,702
Tractor
Supply
Co
8,699
1,617
Ulta
Beauty
Inc
(d)
4,060
1,629
Walgreens
Boots
Alliance
Inc
56,203
1,765
Walmart
Inc
111,681
14,485
Yum!
Brands
Inc
22,294
2,371
$
127,618
Schedule
of
Investments
LargeCap
S&P
500
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
84
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Semiconductors
-
4
.56
%
Advanced
Micro
Devices
Inc
(d)
126,485
$
8,014
Analog
Devices
Inc
40,729
5,675
Applied
Materials
Inc
68,163
5,585
Broadcom
Inc
31,639
14,048
Intel
Corp
321,710
8,290
KLA
Corp
11,110
3,362
Lam
Research
Corp
10,732
3,928
Microchip
Technology
Inc
43,289
2,642
Micron
Technology
Inc
86,434
4,330
Monolithic
Power
Systems
Inc
3,481
1,265
NVIDIA
Corp
196,191
23,816
NXP
Semiconductors
NV
20,575
3,035
ON
Semiconductor
Corp
(d)
33,945
2,116
Qorvo
Inc
(d)
8,087
642
QUALCOMM
Inc
87,988
9,941
Skyworks
Solutions
Inc
12,570
1,072
Teradyne
Inc
12,285
923
Texas
Instruments
Inc
71,591
11,081
$
109,765
Shipbuilding
-
0
.03
%
Huntington
Ingalls
Industries
Inc
3,130
693
Software
-
9
.31
%
Activision
Blizzard
Inc
55,780
4,147
Adobe
Inc
(d)
36,669
10,091
Akamai
Technologies
Inc
(d)
12,456
1,001
ANSYS
Inc
(d)
6,822
1,512
Autodesk
Inc
(d)
17,023
3,180
Broadridge
Financial
Solutions
Inc
9,185
1,326
Cadence
Design
Systems
Inc
(d)
21,459
3,507
Ceridian
HCM
Holding
Inc
(d)
11,993
670
Citrix
Systems
Inc
9,772
1,015
Electronic
Arts
Inc
20,697
2,395
Fidelity
National
Information
Services
Inc
47,637
3,600
Fiserv
Inc
(d)
50,113
4,689
Intuit
Inc
22,101
8,560
Jack
Henry
&
Associates
Inc
5,708
1,040
Microsoft
Corp
584,333
136,091
MSCI
Inc
6,307
2,660
Oracle
Corp
119,017
7,268
Paychex
Inc
25,097
2,816
Paycom
Software
Inc
(d)
3,808
1,257
PTC
Inc
(d)
8,283
866
Roper
Technologies
Inc
8,305
2,987
Salesforce
Inc
(d)
77,959
11,214
ServiceNow
Inc
(d)
15,825
5,976
Synopsys
Inc
(d)
11,985
3,662
Take-Two
Interactive
Software
Inc
(d)
12,278
1,338
Tyler
Technologies
Inc
(d)
3,257
1,132
$
224,000
Telecommunications
-
2
.01
%
Arista
Networks
Inc
(d)
19,311
2,180
AT&T
Inc
558,332
8,565
Cisco
Systems
Inc
324,453
12,978
Corning
Inc
59,607
1,730
Juniper
Networks
Inc
25,275
660
Lumen
Technologies
Inc
74,630
543
Motorola
Solutions
Inc
13,076
2,929
T-Mobile
US
Inc
(d)
47,163
6,328
Verizon
Communications
Inc
329,052
12,494
$
48,407
Toys,
Games
&
Hobbies
-
0
.03
%
Hasbro
Inc
10,172
686
Transportation
-
1
.45
%
CH
Robinson
Worldwide
Inc
9,707
935
CSX
Corp
167,770
4,469
Expeditors
International
of
Washington
Inc
12,819
1,132
FedEx
Corp
18,731
2,781
JB
Hunt
Transport
Services
Inc
6,508
1,018
Norfolk
Southern
Corp
18,403
3,858
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Transportation
(continued)
Old
Dominion
Freight
Line
Inc
7,181
$
1,787
Union
Pacific
Corp
48,930
9,533
United
Parcel
Service
Inc
57,343
9,263
$
34,776
Water
-
0
.08
%
American
Water
Works
Co
Inc
14,243
1,854
TOTAL
COMMON
STOCKS
$
2,362,624
Total
Investments
$
2,462,826
Other
Assets
and
Liabilities
- (2.35)%
(
56,651
)
TOTAL
NET
ASSETS
-
100.00%
$
2,406,175
(a)
Current
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$0
or
0.00%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
or
a
portion
of
the
security
was
pledged
to
cover
margin
requirements
for
futures
contracts.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$7,809
or
0.32%
of
net
assets.
Portfolio
Summary (unaudited)
Sector
Percent
Technology
22
.15
%
Consumer,
Non-cyclical
22
.07
%
Financial
14
.63
%
Communications
12
.26
%
Consumer,
Cyclical
9
.82
%
Industrial
7
.52
%
Energy
4
.68
%
Money
Market
Funds
3
.94
%
Utilities
3
.08
%
Basic
Materials
1
.98
%
Investment
Companies
0
.22
%
Other
Assets
and
Liabilities
(
2
.35
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
LargeCap
S&P
500
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
85
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
91,329
$
477,986
$
474,499
$
94,816
$
91,329
$
477,986
$
474,499
$
94,816
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
264
$
—
$
—
$
—
$
264
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
S&P
500
Emini;
December
2022
Long
247
$
44,479
$
(
963
)
Total
$
(
963
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
LargeCap
S&P
500
Managed
Volatility
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
86
INVESTMENT
COMPANIES
-
6
.41
%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
0
.24
%
iShares
Core
S&P
500
ETF
1,216
$
436
Money
Market
Funds
-
6
.17
%
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(b)
10,834,112
10,834
TOTAL
INVESTMENT
COMPANIES
$
11,270
COMMON
STOCKS
-
92
.75
%
Shares
Held
Value
(000's)
Advertising
-
0
.07
%
Interpublic
Group
of
Cos
Inc/The
2,114
$
54
Omnicom
Group
Inc
1,107
70
$
124
Aerospace
&
Defense
-
1
.51
%
Boeing
Co/The
(c)
3,016
365
General
Dynamics
Corp
1,216
258
Howmet
Aerospace
Inc
1,999
62
L3Harris
Technologies
Inc
1,034
215
Lockheed
Martin
Corp
1,275
493
Northrop
Grumman
Corp
786
370
Raytheon
Technologies
Corp
7,981
653
Teledyne
Technologies
Inc
(c)
253
85
TransDigm
Group
Inc
278
146
$
2,647
Agriculture
-
0
.76
%
Altria
Group
Inc
9,733
393
Archer-Daniels-Midland
Co
3,030
244
Philip
Morris
International
Inc
8,376
695
$
1,332
Airlines
-
0
.18
%
Alaska
Air
Group
Inc
(c)
685
27
American
Airlines
Group
Inc
(c)
3,511
42
Delta
Air
Lines
Inc
(c)
3,464
97
Southwest
Airlines
Co
(c)
3,206
99
United
Airlines
Holdings
Inc
(c)
1,766
58
$
323
Apparel
-
0
.39
%
NIKE
Inc
6,830
568
Ralph
Lauren
Corp
233
20
Tapestry
Inc
1,361
39
VF
Corp
1,784
53
$
680
Automobile
Manufacturers
-
2
.63
%
Cummins
Inc
762
155
Ford
Motor
Co
21,342
239
General
Motors
Co
7,879
253
PACCAR
Inc
1,879
157
Tesla
Inc
(c)
14,393
3,818
$
4,622
Automobile
Parts
&
Equipment
-
0
.09
%
Aptiv
PLC
(c)
1,464
115
BorgWarner
Inc
1,281
40
$
155
Banks
-
4
.28
%
Bank
of
America
Corp
37,780
1,141
Bank
of
New
York
Mellon
Corp/The
3,975
153
Citigroup
Inc
10,465
436
Citizens
Financial
Group
Inc
2,678
92
Comerica
Inc
706
50
Fifth
Third
Bancorp
3,708
119
First
Republic
Bank/CA
987
129
Goldman
Sachs
Group
Inc/The
1,845
541
Huntington
Bancshares
Inc/OH
7,793
103
JPMorgan
Chase
&
Co
15,847
1,656
KeyCorp
5,040
81
M&T
Bank
Corp
950
168
Morgan
Stanley
7,238
572
Northern
Trust
Corp
1,127
96
PNC
Financial
Services
Group
Inc/The
2,218
331
Regions
Financial
Corp
5,049
101
Signature
Bank/New
York
NY
340
51
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Banks
(continued)
State
Street
Corp
1,986
$
121
SVB
Financial
Group
(c)
318
107
Truist
Financial
Corp
7,171
312
US
Bancorp
7,306
295
Wells
Fargo
&
Co
20,498
824
Zions
Bancorp
NA
815
41
$
7,520
Beverages
-
1
.74
%
Brown-Forman
Corp
-
B
Shares
988
66
Coca-Cola
Co/The
21,034
1,178
Constellation
Brands
Inc
861
198
Keurig
Dr
Pepper
Inc
4,591
164
Molson
Coors
Beverage
Co
1,017
49
Monster
Beverage
Corp
(c)
2,079
181
PepsiCo
Inc
7,458
1,217
$
3,053
Biotechnology
-
1
.59
%
Amgen
Inc
2,890
651
Biogen
Inc
(c)
785
210
Bio-Rad
Laboratories
Inc
(c)
116
48
Corteva
Inc
3,885
222
Gilead
Sciences
Inc
6,773
418
Illumina
Inc
(c)
849
162
Incyte
Corp
(c)
999
67
Moderna
Inc
(c)
1,819
215
Regeneron
Pharmaceuticals
Inc
(c)
579
399
Vertex
Pharmaceuticals
Inc
(c)
1,385
401
$
2,793
Building
Materials
-
0
.39
%
Carrier
Global
Corp
4,549
162
Fortune
Brands
Home
&
Security
Inc
700
38
Johnson
Controls
International
plc
3,723
183
Martin
Marietta
Materials
Inc
336
108
Masco
Corp
1,220
57
Mohawk
Industries
Inc
(c)
285
26
Vulcan
Materials
Co
718
113
$
687
Chemicals
-
1
.52
%
Air
Products
and
Chemicals
Inc
1,197
279
Albemarle
Corp
632
167
Celanese
Corp
539
49
CF
Industries
Holdings
Inc
1,077
104
Dow
Inc
3,882
170
DuPont
de
Nemours
Inc
2,708
136
Eastman
Chemical
Co
664
47
Ecolab
Inc
1,340
193
FMC
Corp
681
72
International
Flavors
&
Fragrances
Inc
1,378
125
Linde
PLC
2,693
726
LyondellBasell
Industries
NV
1,376
104
Mosaic
Co/The
1,867
90
PPG
Industries
Inc
1,271
141
Sherwin-Williams
Co/The
1,274
261
$
2,664
Commercial
Services
-
1
.79
%
Automatic
Data
Processing
Inc
2,246
508
Cintas
Corp
465
181
CoStar
Group
Inc
(c)
2,140
149
Equifax
Inc
661
113
FleetCor
Technologies
Inc
(c)
406
72
Gartner
Inc
(c)
428
119
Global
Payments
Inc
1,499
162
MarketAxess
Holdings
Inc
204
45
Moody's
Corp
853
207
Nielsen
Holdings
PLC
1,943
54
PayPal
Holdings
Inc
(c)
6,249
538
Quanta
Services
Inc
773
99
Robert
Half
International
Inc
593
45
Rollins
Inc
1,251
43
Schedule
of
Investments
LargeCap
S&P
500
Managed
Volatility
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
87
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Commercial
Services
(continued)
S&P
Global
Inc
1,841
$
562
United
Rentals
Inc
(c)
379
102
Verisk
Analytics
Inc
849
145
$
3,144
Computers
-
7
.78
%
Accenture
PLC
-
Class
A
3,418
879
Apple
Inc
81,639
11,283
Cognizant
Technology
Solutions
Corp
2,799
161
DXC
Technology
Co
(c)
1,243
30
EPAM
Systems
Inc
(c)
309
112
Fortinet
Inc
(c)
3,538
174
Hewlett
Packard
Enterprise
Co
7,021
84
HP
Inc
4,919
123
International
Business
Machines
Corp
4,881
580
Leidos
Holdings
Inc
738
65
NetApp
Inc
1,188
73
Seagate
Technology
Holdings
PLC
1,057
56
Western
Digital
Corp
(c)
1,692
55
$
13,675
Consumer
Products
-
0
.26
%
Avery
Dennison
Corp
440
72
Church
&
Dwight
Co
Inc
1,313
94
Clorox
Co/The
666
85
Kimberly-Clark
Corp
1,824
205
$
456
Cosmetics
&
Personal
Care
-
1
.26
%
Colgate-Palmolive
Co
4,509
317
Estee
Lauder
Cos
Inc/The
1,252
270
Procter
&
Gamble
Co/The
12,914
1,630
$
2,217
Distribution
&
Wholesale
-
0
.30
%
Copart
Inc
(c)
1,156
123
Fastenal
Co
3,104
143
LKQ
Corp
1,408
66
Pool
Corp
214
68
WW
Grainger
Inc
243
119
$
519
Diversified
Financial
Services
-
3
.41
%
American
Express
Co
3,243
438
Ameriprise
Financial
Inc
585
147
BlackRock
Inc
814
448
Capital
One
Financial
Corp
2,075
191
Cboe
Global
Markets
Inc
573
67
Charles
Schwab
Corp/The
8,251
593
CME
Group
Inc
1,942
344
Discover
Financial
Services
1,477
134
Franklin
Resources
Inc
1,534
33
Intercontinental
Exchange
Inc
3,018
273
Invesco
Ltd
2,458
34
Mastercard
Inc
4,612
1,311
Nasdaq
Inc
1,833
104
Raymond
James
Financial
Inc
1,050
104
Synchrony
Financial
2,604
74
T
Rowe
Price
Group
Inc
1,221
128
Visa
Inc
8,837
1,570
$
5,993
Electric
-
2
.76
%
AES
Corp/The
3,608
81
Alliant
Energy
Corp
1,356
72
Ameren
Corp
1,396
112
American
Electric
Power
Co
Inc
2,776
240
CenterPoint
Energy
Inc
3,401
96
CMS
Energy
Corp
1,568
91
Consolidated
Edison
Inc
1,917
164
Constellation
Energy
Corp
1,766
147
Dominion
Energy
Inc
4,498
311
DTE
Energy
Co
1,047
120
Duke
Energy
Corp
4,161
387
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Electric
(continued)
Edison
International
2,061
$
117
Entergy
Corp
1,099
111
Evergy
Inc
1,240
74
Eversource
Energy
1,873
146
Exelon
Corp
5,359
201
FirstEnergy
Corp
2,934
108
NextEra
Energy
Inc
10,617
832
NRG
Energy
Inc
1,272
49
PG&E
Corp
(c)
8,694
109
Pinnacle
West
Capital
Corp
611
39
PPL
Corp
3,977
101
Public
Service
Enterprise
Group
Inc
2,696
152
Sempra
Energy
1,698
255
Southern
Co/The
5,744
391
WEC
Energy
Group
Inc
1,705
152
Xcel
Energy
Inc
2,956
189
$
4,847
Electrical
Components
&
Equipment
-
0
.25
%
AMETEK
Inc
1,241
141
Emerson
Electric
Co
3,196
234
Generac
Holdings
Inc
(c)
345
61
$
436
Electronics
-
1
.02
%
Agilent
Technologies
Inc
1,615
196
Allegion
plc
474
43
Amphenol
Corp
3,216
215
Fortive
Corp
1,924
112
Garmin
Ltd
834
67
Honeywell
International
Inc
3,642
608
Keysight
Technologies
Inc
(c)
974
153
Mettler-Toledo
International
Inc
(c)
121
131
TE
Connectivity
Ltd
1,729
191
Trimble
Inc
(c)
1,340
73
$
1,789
Energy
-
Alternate
Sources
-
0
.15
%
Enphase
Energy
Inc
(c)
731
203
SolarEdge
Technologies
Inc
(c)
300
69
$
272
Engineering
&
Construction
-
0
.04
%
Jacobs
Solutions
Inc
691
75
Entertainment
-
0
.05
%
Caesars
Entertainment
Inc
(c)
1,158
37
Live
Nation
Entertainment
Inc
(c)
768
59
$
96
Environmental
Control
-
0
.29
%
Pentair
PLC
890
36
Republic
Services
Inc
1,111
151
Waste
Management
Inc
2,033
326
$
513
Food
-
1
.12
%
Campbell
Soup
Co
1,088
51
Conagra
Brands
Inc
2,594
85
General
Mills
Inc
3,220
247
Hershey
Co/The
793
175
Hormel
Foods
Corp
1,564
71
J
M
Smucker
Co/The
577
79
Kellogg
Co
1,379
96
Kraft
Heinz
Co/The
4,304
144
Kroger
Co/The
3,520
154
Lamb
Weston
Holdings
Inc
778
60
McCormick
&
Co
Inc/MD
1,354
96
Mondelez
International
Inc
7,408
406
Sysco
Corp
2,754
195
Tyson
Foods
Inc
1,566
103
$
1,962
Forest
Products
&
Paper
-
0
.04
%
International
Paper
Co
1,958
62
Schedule
of
Investments
LargeCap
S&P
500
Managed
Volatility
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
88
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Gas
-
0
.07
%
Atmos
Energy
Corp
756
$
77
NiSource
Inc
2,193
55
$
132
Hand
&
Machine
Tools
-
0
.07
%
Snap-on
Inc
287
58
Stanley
Black
&
Decker
Inc
800
60
$
118
Healthcare
-
Products
-
3
.54
%
Abbott
Laboratories
9,463
916
ABIOMED
Inc
(c)
245
60
Align
Technology
Inc
(c)
393
81
Baxter
International
Inc
2,722
147
Bio-Techne
Corp
212
60
Boston
Scientific
Corp
(c)
7,736
300
Cooper
Cos
Inc/The
266
70
Danaher
Corp
3,538
914
DENTSPLY
SIRONA
Inc
1,165
33
Edwards
Lifesciences
Corp
(c)
3,349
277
Henry
Schein
Inc
(c)
736
48
Hologic
Inc
(c)
1,349
87
IDEXX
Laboratories
Inc
(c)
450
147
Intuitive
Surgical
Inc
(c)
1,931
362
Medtronic
PLC
7,181
580
PerkinElmer
Inc
682
82
ResMed
Inc
791
173
STERIS
PLC
541
90
Stryker
Corp
1,819
368
Teleflex
Inc
254
51
Thermo
Fisher
Scientific
Inc
2,116
1,073
Waters
Corp
(c)
323
87
West
Pharmaceutical
Services
Inc
399
98
Zimmer
Biomet
Holdings
Inc
1,134
119
$
6,223
Healthcare
-
Services
-
2
.60
%
Catalent
Inc
(c)
969
70
Centene
Corp
(c)
3,090
241
Charles
River
Laboratories
International
Inc
(c)
275
54
DaVita
Inc
(c)
302
25
Elevance
Health
Inc
1,297
589
HCA
Healthcare
Inc
1,165
214
Humana
Inc
683
331
IQVIA
Holdings
Inc
(c)
1,009
183
Laboratory
Corp
of
America
Holdings
489
100
Molina
Healthcare
Inc
(c)
314
104
Quest
Diagnostics
Inc
632
78
UnitedHealth
Group
Inc
5,055
2,553
Universal
Health
Services
Inc
356
31
$
4,573
Home
Builders
-
0
.19
%
DR
Horton
Inc
1,710
115
Lennar
Corp
-
A
Shares
1,379
103
NVR
Inc
(c)
17
68
PulteGroup
Inc
1,252
47
$
333
Home
Furnishings
-
0
.02
%
Whirlpool
Corp
296
40
Housewares
-
0
.02
%
Newell
Brands
Inc
2,033
28
Insurance
-
3
.53
%
Aflac
Inc
3,108
175
Allstate
Corp/The
1,462
182
American
International
Group
Inc
4,110
195
Aon
PLC
1,140
305
Arthur
J
Gallagher
&
Co
1,137
195
Assurant
Inc
288
42
Berkshire
Hathaway
Inc
-
Class
B
(c)
9,753
2,604
Brown
&
Brown
Inc
1,267
77
Chubb
Ltd
2,258
411
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Insurance
(continued)
Cincinnati
Financial
Corp
860
$
77
Everest
Re
Group
Ltd
213
56
Globe
Life
Inc
489
49
Hartford
Financial
Services
Group
Inc/The
1,748
108
Lincoln
National
Corp
839
37
Loews
Corp
1,081
54
Marsh
&
McLennan
Cos
Inc
2,697
403
MetLife
Inc
3,622
220
Principal
Financial
Group
Inc
1,254
90
Progressive
Corp/The
3,161
367
Prudential
Financial
Inc
2,011
172
Travelers
Cos
Inc/The
1,283
197
W
R
Berkley
Corp
1,105
71
Willis
Towers
Watson
PLC
595
120
$
6,207
Internet
-
8
.36
%
Alphabet
Inc
-
A
Shares
(c)
32,404
3,100
Alphabet
Inc
-
C
Shares
(c)
28,978
2,786
Amazon.com
Inc
(c)
47,898
5,413
Booking
Holdings
Inc
(c)
215
353
CDW
Corp/DE
731
114
eBay
Inc
2,970
109
Etsy
Inc
(c)
684
69
Expedia
Group
Inc
(c)
821
77
F5
Inc
(c)
323
47
Match
Group
Inc
(c)
1,530
73
Meta
Platforms
Inc
(c)
12,326
1,672
Netflix
Inc
(c)
2,402
566
NortonLifeLock
Inc
3,198
64
Twitter
Inc
(c)
3,635
159
VeriSign
Inc
(c)
506
88
$
14,690
Iron
&
Steel
-
0
.09
%
Nucor
Corp
1,416
151
Leisure
Products
&
Services
-
0
.06
%
Carnival
Corp
(c)
5,334
37
Norwegian
Cruise
Line
Holdings
Ltd
(c)
2,276
26
Royal
Caribbean
Cruises
Ltd
(c)
1,186
45
$
108
Lodging
-
0
.31
%
Hilton
Worldwide
Holdings
Inc
1,483
179
Las
Vegas
Sands
Corp
(c)
1,777
67
Marriott
International
Inc/MD
1,490
209
MGM
Resorts
International
1,764
52
Wynn
Resorts
Ltd
(c)
560
35
$
542
Machinery
-
Construction
&
Mining
-
0
.27
%
Caterpillar
Inc
2,854
468
Machinery
-
Diversified
-
0
.72
%
Deere
&
Co
1,503
502
Dover
Corp
776
90
IDEX
Corp
408
82
Ingersoll
Rand
Inc
2,180
94
Nordson
Corp
292
62
Otis
Worldwide
Corp
2,272
145
Rockwell
Automation
Inc
624
134
Westinghouse
Air
Brake
Technologies
Corp
983
80
Xylem
Inc/NY
974
85
$
1,274
Media
-
1
.26
%
Charter
Communications
Inc
(c)
599
182
Comcast
Corp
-
Class
A
23,801
698
DISH
Network
Corp
(c)
1,356
19
FactSet
Research
Systems
Inc
204
82
Fox
Corp
-
A
Shares
1,657
51
Fox
Corp
-
B
Shares
762
22
News
Corp
-
A
Shares
2,085
31
News
Corp
-
B
Shares
648
10
Schedule
of
Investments
LargeCap
S&P
500
Managed
Volatility
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
89
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Media
(continued)
Paramount
Global
-
Class
B
2,730
$
52
Walt
Disney
Co/The
(c)
9,852
929
Warner
Bros
Discovery
Inc
(c)
11,938
137
$
2,213
Mining
-
0
.22
%
Freeport-McMoRan
Inc
7,730
211
Newmont
Corp
4,289
181
$
392
Miscellaneous
Manufacturers
-
0
.97
%
3M
Co
2,992
331
A
O
Smith
Corp
695
34
Eaton
Corp
PLC
2,152
287
General
Electric
Co
5,928
367
Illinois
Tool
Works
Inc
1,524
275
Parker-Hannifin
Corp
693
168
Textron
Inc
1,144
67
Trane
Technologies
PLC
1,254
181
$
1,710
Office
&
Business
Equipment
-
0
.04
%
Zebra
Technologies
Corp
(c)
280
73
Oil
&
Gas
-
3
.69
%
APA
Corp
1,766
60
Chevron
Corp
9,733
1,398
ConocoPhillips
6,881
704
Coterra
Energy
Inc
4,301
112
Devon
Energy
Corp
3,539
213
Diamondback
Energy
Inc
961
116
EOG
Resources
Inc
3,167
354
EQT
Corp
1,997
81
Exxon
Mobil
Corp
(d)
22,524
1,967
Hess
Corp
1,506
164
Marathon
Oil
Corp
3,663
83
Marathon
Petroleum
Corp
2,695
268
Occidental
Petroleum
Corp
4,028
247
Phillips
66
2,600
210
Pioneer
Natural
Resources
Co
1,289
279
Valero
Energy
Corp
2,130
228
$
6,484
Oil
&
Gas
Services
-
0
.29
%
Baker
Hughes
Co
5,467
115
Halliburton
Co
4,900
121
Schlumberger
NV
7,642
274
$
510
Packaging
&
Containers
-
0
.17
%
Amcor
PLC
8,120
87
Ball
Corp
1,699
82
Packaging
Corp
of
America
507
57
Sealed
Air
Corp
785
35
Westrock
Co
1,373
43
$
304
Pharmaceuticals
-
6
.20
%
AbbVie
Inc
9,555
1,282
AmerisourceBergen
Corp
840
114
Becton
Dickinson
and
Co
1,541
343
Bristol-Myers
Squibb
Co
11,538
820
Cardinal
Health
Inc
1,472
98
Cigna
Corp
1,649
458
CVS
Health
Corp
7,094
677
Dexcom
Inc
(c)
2,122
171
Eli
Lilly
&
Co
4,261
1,378
Johnson
&
Johnson
14,208
2,321
McKesson
Corp
777
264
Merck
&
Co
Inc
13,689
1,179
Organon
&
Co
1,375
32
Pfizer
Inc
30,330
1,327
Viatris
Inc
6,552
56
Zoetis
Inc
2,531
375
$
10,895
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Pipelines
-
0
.28
%
Kinder
Morgan
Inc
10,713
$
178
ONEOK
Inc
2,415
124
Williams
Cos
Inc/The
6,584
189
$
491
Real
Estate
-
0
.07
%
CBRE
Group
Inc
1,736
117
REITs
-
2
.53
%
Alexandria
Real
Estate
Equities
Inc
803
113
American
Tower
Corp
2,515
540
AvalonBay
Communities
Inc
756
139
Boston
Properties
Inc
771
58
Camden
Property
Trust
575
69
Crown
Castle
Inc
2,340
338
Digital
Realty
Trust
Inc
1,553
154
Equinix
Inc
491
279
Equity
Residential
1,831
123
Essex
Property
Trust
Inc
352
85
Extra
Space
Storage
Inc
724
125
Federal
Realty
Investment
Trust
394
35
Healthpeak
Properties
Inc
2,915
67
Host
Hotels
&
Resorts
Inc
3,862
61
Invitation
Homes
Inc
3,133
106
Iron
Mountain
Inc
1,571
69
Kimco
Realty
Corp
3,341
62
Mid-America
Apartment
Communities
Inc
623
97
Prologis
Inc
4,985
506
Public
Storage
853
250
Realty
Income
Corp
3,337
194
Regency
Centers
Corp
835
45
SBA
Communications
Corp
582
166
Simon
Property
Group
Inc
1,769
159
UDR
Inc
1,650
69
Ventas
Inc
2,161
87
VICI
Properties
Inc
5,204
155
Vornado
Realty
Trust
870
20
Welltower
Inc
2,504
161
Weyerhaeuser
Co
4,002
114
$
4,446
Retail
-
5
.01
%
Advance
Auto
Parts
Inc
328
51
AutoZone
Inc
(c)
105
225
Bath
&
Body
Works
Inc
1,235
40
Best
Buy
Co
Inc
1,084
69
CarMax
Inc
(c)
861
57
Chipotle
Mexican
Grill
Inc
(c)
150
225
Costco
Wholesale
Corp
2,393
1,130
Darden
Restaurants
Inc
663
84
Dollar
General
Corp
1,227
294
Dollar
Tree
Inc
(c)
1,142
155
Domino's
Pizza
Inc
194
60
Genuine
Parts
Co
764
114
Home
Depot
Inc/The
5,554
1,533
Lowe's
Cos
Inc
3,455
649
McDonald's
Corp
3,976
917
O'Reilly
Automotive
Inc
(c)
345
243
Ross
Stores
Inc
1,893
160
Starbucks
Corp
6,200
522
Target
Corp
2,506
372
TJX
Cos
Inc/The
6,331
393
Tractor
Supply
Co
601
112
Ulta
Beauty
Inc
(c)
280
112
Walgreens
Boots
Alliance
Inc
3,876
122
Walmart
Inc
7,702
999
Yum!
Brands
Inc
1,538
164
$
8,802
Semiconductors
-
4
.31
%
Advanced
Micro
Devices
Inc
(c)
8,726
553
Analog
Devices
Inc
2,810
392
Applied
Materials
Inc
4,703
385
Schedule
of
Investments
LargeCap
S&P
500
Managed
Volatility
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
90
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Semiconductors
(continued)
Broadcom
Inc
2,182
$
969
Intel
Corp
22,189
572
KLA
Corp
766
232
Lam
Research
Corp
740
271
Microchip
Technology
Inc
2,986
182
Micron
Technology
Inc
5,963
299
Monolithic
Power
Systems
Inc
239
87
NVIDIA
Corp
13,531
1,642
NXP
Semiconductors
NV
1,419
209
ON
Semiconductor
Corp
(c)
2,341
146
Qorvo
Inc
(c)
559
44
QUALCOMM
Inc
6,068
686
Skyworks
Solutions
Inc
867
74
Teradyne
Inc
848
64
Texas
Instruments
Inc
4,939
764
$
7,571
Shipbuilding
-
0
.03
%
Huntington
Ingalls
Industries
Inc
215
48
Software
-
8
.79
%
Activision
Blizzard
Inc
3,848
286
Adobe
Inc
(c)
2,529
696
Akamai
Technologies
Inc
(c)
860
69
ANSYS
Inc
(c)
470
104
Autodesk
Inc
(c)
1,174
219
Broadridge
Financial
Solutions
Inc
634
92
Cadence
Design
Systems
Inc
(c)
1,481
242
Ceridian
HCM
Holding
Inc
(c)
827
46
Citrix
Systems
Inc
674
70
Electronic
Arts
Inc
1,429
165
Fidelity
National
Information
Services
Inc
3,287
248
Fiserv
Inc
(c)
3,457
324
Intuit
Inc
1,523
590
Jack
Henry
&
Associates
Inc
394
72
Microsoft
Corp
(d)
40,302
9,386
MSCI
Inc
435
184
Oracle
Corp
8,210
501
Paychex
Inc
1,731
194
Paycom
Software
Inc
(c)
262
87
PTC
Inc
(c)
571
60
Roper
Technologies
Inc
572
206
Salesforce
Inc
(c)
5,377
773
ServiceNow
Inc
(c)
1,091
412
Synopsys
Inc
(c)
825
252
Take-Two
Interactive
Software
Inc
(c)
848
92
Tyler
Technologies
Inc
(c)
224
78
$
15,448
Telecommunications
-
1
.90
%
Arista
Networks
Inc
(c)
1,332
150
AT&T
Inc
38,511
591
Cisco
Systems
Inc
22,378
895
Corning
Inc
4,110
119
Juniper
Networks
Inc
1,740
45
Lumen
Technologies
Inc
5,146
38
Motorola
Solutions
Inc
901
202
T-Mobile
US
Inc
(c)
3,253
436
Verizon
Communications
Inc
22,696
862
$
3,338
Toys,
Games
&
Hobbies
-
0
.03
%
Hasbro
Inc
702
47
Transportation
-
1
.37
%
CH
Robinson
Worldwide
Inc
671
65
CSX
Corp
11,573
308
Expeditors
International
of
Washington
Inc
885
78
FedEx
Corp
1,292
192
JB
Hunt
Transport
Services
Inc
450
70
Norfolk
Southern
Corp
1,269
266
Old
Dominion
Freight
Line
Inc
495
123
Union
Pacific
Corp
3,376
658
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Transportation
(continued)
United
Parcel
Service
Inc
3,955
$
639
$
2,399
Water
-
0
.07
%
American
Water
Works
Co
Inc
982
128
TOTAL
COMMON
STOCKS
$
162,959
TOTAL
PURCHASED
OPTIONS
-
2.43%
$
4,260
Total
Investments
$
178,489
Other
Assets
and
Liabilities
- (1.59)%
(
2,796
)
TOTAL
NET
ASSETS
-
100.00%
$
175,693
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Current
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
(d)
Security
or
a
portion
of
the
security
was
pledged
to
cover
margin
requirements
for
futures
contracts.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$2,235
or
1.27%
of
net
assets.
Portfolio
Summary (unaudited)
Sector
Percent
Technology
20
.92
%
Consumer,
Non-cyclical
20
.86
%
Financial
13
.82
%
Communications
11
.59
%
Consumer,
Cyclical
9
.28
%
Industrial
7
.10
%
Money
Market
Funds
6
.17
%
Energy
4
.41
%
Utilities
2
.90
%
Purchased
Options
2
.43
%
Basic
Materials
1
.87
%
Investment
Companies
0
.24
%
Other
Assets
and
Liabilities
(
1
.59
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
LargeCap
S&P
500
Managed
Volatility
Index
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
91
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
16,905
$
66,288
$
72,359
$
10,834
$
16,905
$
66,288
$
72,359
$
10,834
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
65
$
—
$
—
$
—
$
65
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Options
Purchased
Options
Outstanding
Counterparty
Contracts/
Shares
Notional
Amount
Exercise
Price
Expiration
Date
Upfront
Payments
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
S&P
500
Index
N/A
60
$
6
$
4,000
.00
10/24/2022
$
323
$
17
$
(
306
)
Put
-
S&P
500
Index
N/A
200
20
$
3,780
.00
10/24/2022
1,736
4,243
2,507
Total
$
2,059
$
4,260
$
2,201
Written
Options
Outstanding
Counterparty
Contracts/
Shares
Notional
Amount
Exercise
Price
Expiration
Date
Upfront
Receipts
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
S&P
500
Index
N/A
60
$
6
$
4,020
.00
10/24/2022
$
(
281
)
$
(
14
)
$
267
Put
-
S&P
500
Index
N/A
200
20
$
3,730
.00
10/24/2022
(
1,417
)
(
3,535
)
(
2,118
)
Total
$
(
1,698
)
$
(
3,549
)
$
(
1,851
)
Amounts
in
thousands
except
contracts/shares.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
S&P
500
Emini;
December
2022
Long
14
$
2,521
$
(
370
)
Total
$
(
370
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
MidCap
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
92
INVESTMENT
COMPANIES
-
0
.10
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
0
.10
%
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(b)
581,096
$
581
TOTAL
INVESTMENT
COMPANIES
$
581
COMMON
STOCKS
-
99
.60
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
8
.26
%
HEICO
Corp
-
Class
A
176,910
$
20,277
TransDigm
Group
Inc
48,599
25,506
$
45,783
Banks
-
0
.80
%
First
Republic
Bank/CA
33,877
4,423
Beverages
-
0
.08
%
Brown-Forman
Corp
-
B
Shares
6,369
424
Building
Materials
-
4
.73
%
Martin
Marietta
Materials
Inc
22,132
7,128
Summit
Materials
Inc
(c)
123,857
2,968
Vulcan
Materials
Co
102,402
16,150
$
26,246
Chemicals
-
0
.94
%
Air
Products
and
Chemicals
Inc
13,521
3,147
Perimeter
Solutions
SA
(c)
258,847
2,073
Perimeter
Solutions
SA
-
Warrants
(c)
97,671
19
$
5,239
Commercial
Services
-
9
.09
%
Block
Inc
(c)
7,909
435
CoStar
Group
Inc
(c)
360,814
25,131
Gartner
Inc
(c)
24,220
6,701
Moody's
Corp
27,329
6,644
TransUnion
90,649
5,393
Verisk
Analytics
Inc
35,727
6,092
$
50,396
Distribution
&
Wholesale
-
5
.54
%
Copart
Inc
(c)
209,721
22,314
Fastenal
Co
182,051
8,382
$
30,696
Diversified
Financial
Services
-
0
.54
%
Brookfield
Asset
Management
Reinsurance
Partners
Ltd
(c)
4,484
183
Credit
Acceptance
Corp
(c)
6,467
2,833
$
3,016
Electric
-
3
.83
%
Brookfield
Infrastructure
Partners
LP
383,764
13,777
Brookfield
Renewable
Corp
68,238
2,230
Brookfield
Renewable
Partners
LP
167,815
5,253
$
21,260
Electronics
-
1
.98
%
Agilent
Technologies
Inc
61,482
7,473
Mettler-Toledo
International
Inc
(c)
3,232
3,504
$
10,977
Entertainment
-
3
.72
%
Live
Nation
Entertainment
Inc
(c)
160,973
12,241
Vail
Resorts
Inc
38,844
8,376
$
20,617
Healthcare
-
Products
-
0
.98
%
IDEXX
Laboratories
Inc
(c)
16,732
5,451
Home
Builders
-
2
.56
%
Lennar
Corp
-
A
Shares
79,979
5,962
Lennar
Corp
-
B
Shares
1,155
69
NVR
Inc
(c)
2,042
8,142
$
14,173
Insurance
-
8
.82
%
Aon
PLC
14,689
3,935
Arch
Capital
Group
Ltd
(c)
148,285
6,753
Brown
&
Brown
Inc
230,698
13,953
Fidelity
National
Financial
Inc
29,349
1,062
Markel
Corp
(c)
14,158
15,350
Progressive
Corp/The
67,368
7,829
$
48,882
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Internet
-
2
.85
%
VeriSign
Inc
(c)
60,095
$
10,438
Wix.com
Ltd
(c)
68,704
5,375
$
15,813
Lodging
-
4
.38
%
Hilton
Worldwide
Holdings
Inc
163,516
19,723
Hyatt
Hotels
Corp
(c)
56,735
4,593
$
24,316
Machinery
-
Diversified
-
0
.47
%
Cognex
Corp
33,446
1,387
Enovis
Corp
(c)
15,325
706
Esab
Corp
15,325
511
$
2,604
Media
-
2
.39
%
Liberty
Broadband
Corp
-
A
Shares
(c)
17,247
1,286
Liberty
Broadband
Corp
-
C
Shares
(c)
49,863
3,680
Liberty
Media
Corp-Liberty
Formula
One
-
A
Shares
(c)
15,460
812
Liberty
Media
Corp-Liberty
Formula
One
-
C
Shares
(c)
128,170
7,498
$
13,276
Private
Equity
-
8
.74
%
Ares
Management
Corp
41,780
2,588
Brookfield
Asset
Management
Inc
634,570
25,948
KKR
&
Co
Inc
368,196
15,832
Onex
Corp
89,296
4,111
$
48,479
Real
Estate
-
2
.24
%
CBRE
Group
Inc
127,774
8,626
Howard
Hughes
Corp/The
(c)
52,901
2,930
Kennedy-Wilson
Holdings
Inc
55,276
855
$
12,411
REITs
-
3
.13
%
SBA
Communications
Corp
60,898
17,335
Retail
-
10
.85
%
CarMax
Inc
(c)
211,103
13,937
Dollar
General
Corp
37,388
8,968
Domino's
Pizza
Inc
32,064
9,946
O'Reilly
Automotive
Inc
(c)
33,880
23,830
Ross
Stores
Inc
41,347
3,484
$
60,165
Semiconductors
-
1
.54
%
Microchip
Technology
Inc
139,873
8,536
Software
-
11
.14
%
ANSYS
Inc
(c)
18,401
4,080
Autodesk
Inc
(c)
66,607
12,442
Black
Knight
Inc
(c)
161,255
10,438
Guidewire
Software
Inc
(c)
93,676
5,769
HubSpot
Inc
(c)
279
75
MSCI
Inc
9,218
3,888
Roper
Technologies
Inc
39,405
14,172
Tyler
Technologies
Inc
(c)
31,336
10,889
$
61,753
TOTAL
COMMON
STOCKS
$
552,271
Total
Investments
$
552,852
Other
Assets
and
Liabilities
- 0.30%
1,664
TOTAL
NET
ASSETS
-
100.00%
$
554,516
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Current
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
Schedule
of
Investments
MidCap
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
93
Portfolio
Summary (unaudited)
Sector
Percent
Consumer,
Cyclical
27
.05
%
Financial
24
.27
%
Industrial
15
.44
%
Technology
12
.68
%
Consumer,
Non-cyclical
10
.15
%
Communications
5
.24
%
Utilities
3
.83
%
Basic
Materials
0
.94
%
Money
Market
Funds
0
.10
%
Other
Assets
and
Liabilities
0
.30
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
1,988
$
47,585
$
48,992
$
581
$
1,988
$
47,585
$
48,992
$
581
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
11
$
—
$
—
$
—
$
11
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Principal
Capital
Appreciation
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
94
INVESTMENT
COMPANIES
-
2
.18
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
2
.18
%
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(b)
3,098,274
$
3,098
TOTAL
INVESTMENT
COMPANIES
$
3,098
COMMON
STOCKS
-
98
.17
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
0
.77
%
Raytheon
Technologies
Corp
13,419
$
1,098
Apparel
-
1
.31
%
Deckers
Outdoor
Corp
(c)
4,634
1,449
NIKE
Inc
5,033
418
$
1,867
Automobile
Manufacturers
-
1
.47
%
Cummins
Inc
3,628
738
PACCAR
Inc
16,196
1,356
$
2,094
Automobile
Parts
&
Equipment
-
0
.18
%
Magna
International
Inc
5,516
262
Banks
-
4
.86
%
First
Republic
Bank/CA
9,572
1,250
JPMorgan
Chase
&
Co
21,340
2,230
Morgan
Stanley
20,966
1,656
PNC
Financial
Services
Group
Inc/The
11,987
1,791
$
6,927
Beverages
-
1
.61
%
Keurig
Dr
Pepper
Inc
64,162
2,298
Chemicals
-
3
.21
%
Air
Products
and
Chemicals
Inc
5,613
1,306
Albemarle
Corp
6,772
1,791
FMC
Corp
14,002
1,480
$
4,577
Commercial
Services
-
1
.31
%
Morningstar
Inc
4,234
899
PayPal
Holdings
Inc
(c)
11,146
959
$
1,858
Computers
-
5
.57
%
Apple
Inc
57,359
7,927
Consumer
Products
-
0
.91
%
Church
&
Dwight
Co
Inc
13,523
966
WD-40
Co
1,878
330
$
1,296
Diversified
Financial
Services
-
7
.55
%
Ameriprise
Financial
Inc
6,688
1,685
BlackRock
Inc
1,111
611
Charles
Schwab
Corp/The
19,363
1,392
Discover
Financial
Services
6,125
557
Nasdaq
Inc
36,561
2,072
Visa
Inc
24,939
4,431
$
10,748
Electric
-
4
.40
%
Constellation
Energy
Corp
27,234
2,266
NextEra
Energy
Inc
31,158
2,443
Xcel
Energy
Inc
24,429
1,563
$
6,272
Electronics
-
0
.55
%
Honeywell
International
Inc
4,671
780
Energy
-
Alternate
Sources
-
0
.64
%
Enphase
Energy
Inc
(c)
3,279
910
Environmental
Control
-
1
.41
%
Republic
Services
Inc
14,782
2,011
Food
-
0
.69
%
Simply
Good
Foods
Co/The
(c)
30,676
981
Healthcare
-
Products
-
3
.80
%
Abbott
Laboratories
20,632
1,996
Cooper
Cos
Inc/The
1,623
428
Edwards
Lifesciences
Corp
(c)
6,785
561
Medtronic
PLC
6,849
553
Thermo
Fisher
Scientific
Inc
3,704
1,879
$
5,417
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Services
-
3
.00
%
UnitedHealth
Group
Inc
8,469
$
4,277
Home
Furnishings
-
0
.21
%
Sonos
Inc
(c)
21,383
297
Insurance
-
2
.55
%
Fidelity
National
Financial
Inc
7,640
276
Marsh
&
McLennan
Cos
Inc
10,924
1,631
Progressive
Corp/The
14,827
1,723
$
3,630
Internet
-
6
.77
%
Alphabet
Inc
-
A
Shares
(c)
53,362
5,104
Amazon.com
Inc
(c)
29,991
3,389
Meta
Platforms
Inc
(c)
8,483
1,151
$
9,644
Machinery
-
Construction
&
Mining
-
0
.63
%
Epiroc
AB
-
A
Shares
62,542
895
Machinery
-
Diversified
-
0
.85
%
Deere
&
Co
3,643
1,216
Media
-
2
.82
%
Comcast
Corp
-
Class
A
54,743
1,606
Nexstar
Media
Group
Inc
9,951
1,660
Walt
Disney
Co/The
(c)
8,012
756
$
4,022
Miscellaneous
Manufacturers
-
1
.55
%
Parker-Hannifin
Corp
5,802
1,406
Trane
Technologies
PLC
5,525
800
$
2,206
Oil
&
Gas
-
5
.26
%
Chevron
Corp
22,236
3,195
EOG
Resources
Inc
20,767
2,320
Helmerich
&
Payne
Inc
10,139
375
Marathon
Petroleum
Corp
16,079
1,597
$
7,487
Pharmaceuticals
-
7
.82
%
Bristol-Myers
Squibb
Co
16,043
1,140
CVS
Health
Corp
25,392
2,422
Eli
Lilly
&
Co
6,803
2,200
Merck
&
Co
Inc
20,223
1,742
Pfizer
Inc
41,614
1,821
Roche
Holding
AG
ADR
36,504
1,483
SIGA
Technologies
Inc
32,663
336
$
11,144
REITs
-
3
.17
%
Alexandria
Real
Estate
Equities
Inc
7,209
1,011
American
Tower
Corp
4,336
931
Extra
Space
Storage
Inc
3,684
636
Host
Hotels
&
Resorts
Inc
87,642
1,392
Prologis
Inc
5,393
548
$
4,518
Retail
-
6
.47
%
Chipotle
Mexican
Grill
Inc
(c)
700
1,052
Costco
Wholesale
Corp
3,647
1,722
Home
Depot
Inc/The
4,133
1,141
Lululemon
Athletica
Inc
(c)
2,168
606
O'Reilly
Automotive
Inc
(c)
2,480
1,744
Papa
John's
International
Inc
9,640
675
Starbucks
Corp
4,767
402
Target
Corp
5,260
781
Tractor
Supply
Co
5,904
1,097
$
9,220
Semiconductors
-
3
.78
%
Broadcom
Inc
6,098
2,708
Lam
Research
Corp
2,461
901
Microchip
Technology
Inc
14,703
897
NVIDIA
Corp
7,229
877
$
5,383
Schedule
of
Investments
Principal
Capital
Appreciation
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
95
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Software
-
9
.32
%
Adobe
Inc
(c)
4,685
$
1,289
Fair
Isaac
Corp
(c)
3,719
1,532
Microsoft
Corp
29,431
6,854
Roper
Technologies
Inc
3,928
1,413
Salesforce
Inc
(c)
5,990
862
ServiceNow
Inc
(c)
1,952
737
Veeva
Systems
Inc
(c)
3,515
580
$
13,267
Telecommunications
-
1
.76
%
T-Mobile
US
Inc
(c)
18,689
2,508
Transportation
-
1
.97
%
Expeditors
International
of
Washington
Inc
16,523
1,459
Union
Pacific
Corp
6,899
1,344
$
2,803
TOTAL
COMMON
STOCKS
$
139,840
Total
Investments
$
142,938
Other
Assets
and
Liabilities
- (0.35)%
(
504
)
TOTAL
NET
ASSETS
-
100.00%
$
142,434
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Current
yield
shown
is
as
of
period
end.
(c)
Non-income
producing
security
Portfolio
Summary (unaudited)
Sector
Percent
Consumer,
Non-cyclical
19
.14
%
Technology
18
.67
%
Financial
18
.13
%
Communications
11
.35
%
Consumer,
Cyclical
9
.64
%
Industrial
7
.73
%
Energy
5
.90
%
Utilities
4
.40
%
Basic
Materials
3
.21
%
Money
Market
Funds
2
.18
%
Other
Assets
and
Liabilities
(
0
.35
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
1,996
$
35,776
$
34,674
$
3,098
$
1,996
$
35,776
$
34,674
$
3,098
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
20
$
—
$
—
$
—
$
20
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
Principal
LifeTime
2010
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
96
INVESTMENT
COMPANIES
-
100
.02
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
57
.30
%
Blue
Chip
Fund
(a)
39,893
$
1,073
Core
Fixed
Income
Fund
(a)
1,495,178
12,470
Diversified
International
Fund
(a)
131,603
1,346
Diversified
Real
Asset
Fund
(a)
72,623
811
International
Small
Company
Fund
(a)
30,458
246
LargeCap
Growth
Fund
I
(a)
75,420
1,070
MidCap
Fund
(a)
23,334
695
MidCap
Value
Fund
I
(a)
48,797
721
Origin
Emerging
Markets
Fund
(a)
36,007
310
SmallCap
Growth
Fund
I
(a)
19,406
226
SmallCap
Value
Fund
II
(a)
21,305
225
$
19,193
Principal
Funds,
Inc.
Institutional
Class
-
42
.72
%
Equity
Income
Fund
(a)
35,110
1,140
High
Income
Fund
(a)
297,736
2,299
Inflation
Protection
Fund
(a)
300,903
2,407
LargeCap
S&P
500
Index
Fund
(a)
60,687
1,120
LargeCap
Value
Fund
III
(a)
70,169
1,162
Overseas
Fund
(a)
76,296
633
Short-Term
Income
Fund
(a)
485,198
5,551
$
14,312
TOTAL
INVESTMENT
COMPANIES
$
33,505
Total
Investments
$
33,505
Other
Assets
and
Liabilities
- (0.02)%
(
6
)
TOTAL
NET
ASSETS
-
100.00%
$
33,499
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary (unaudited)
Fund
Type
Percent
Fixed
Income
Funds
71
.87
%
Domestic
Equity
Funds
22
.18
%
International
Equity
Funds
3
.55
%
Specialty
Funds
2
.42
%
Other
Assets
and
Liabilities
(
0
.02
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Principal
LifeTime
2010
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
97
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
1,514
$
384
$
283
$
1,073
Core
Fixed
Income
Fund
11,735
4,460
1,647
12,470
Diversified
International
Fund
2,492
406
952
1,346
Diversified
Real
Asset
Fund
857
214
115
811
Equity
Income
Fund
1,414
331
294
1,140
High
Income
Fund
2,654
784
644
2,299
Inflation
Protection
Fund
2,288
784
307
2,407
International
Small
Company
Fund
463
75
169
246
LargeCap
Growth
Fund
I
1,456
442
265
1,070
LargeCap
S&P
500
Index
Fund
943
699
206
1,120
LargeCap
Value
Fund
III
1,432
323
372
1,162
MidCap
Fund
721
361
152
695
MidCap
Value
Fund
I
728
261
139
721
Origin
Emerging
Markets
Fund
612
99
224
310
Overseas
Fund
1,046
172
417
633
Short-Term
Income
Fund
6,237
1,431
1,735
5,551
SmallCap
Growth
Fund
I
329
86
83
226
SmallCap
Value
Fund
II
380
74
174
225
$
37,301
$
11,386
$
8,178
$
33,505
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—
$
12
$
—
$
(
554
)
Core
Fixed
Income
Fund
240
(
18
)
—
(
2,060
)
Diversified
International
Fund
—
(
5
)
—
(
595
)
Diversified
Real
Asset
Fund
30
—
—
(
145
)
Equity
Income
Fund
17
(
2
)
—
(
309
)
High
Income
Fund
105
(
38
)
—
(
457
)
Inflation
Protection
Fund
—
(
2
)
—
(
356
)
International
Small
Company
Fund
—
(
1
)
—
(
122
)
LargeCap
Growth
Fund
I
—
(
1
)
—
(
562
)
LargeCap
S&P
500
Index
Fund
—
(
5
)
—
(
311
)
LargeCap
Value
Fund
III
—
—
—
(
221
)
MidCap
Fund
—
(
3
)
—
(
232
)
MidCap
Value
Fund
I
—
(
1
)
—
(
128
)
Origin
Emerging
Markets
Fund
—
(
24
)
—
(
153
)
Overseas
Fund
—
30
—
(
198
)
Short-Term
Income
Fund
67
(
31
)
—
(
351
)
SmallCap
Growth
Fund
I
—
(
4
)
—
(
102
)
SmallCap
Value
Fund
II
—
(
3
)
—
(
52
)
$
459
$
(
96
)
$
—
$
(
6,908
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2020
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
98
INVESTMENT
COMPANIES
-
100
.00
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
60
.02
%
Blue
Chip
Fund
(a)
238,924
$
6,425
Core
Fixed
Income
Fund
(a)
6,061,059
50,549
Diversified
International
Fund
(a)
802,728
8,212
Diversified
Real
Asset
Fund
(a)
324,411
3,620
International
Small
Company
Fund
(a)
178,803
1,443
LargeCap
Growth
Fund
I
(a)
451,677
6,409
MidCap
Fund
(a)
137,511
4,097
MidCap
Value
Fund
I
(a)
287,592
4,248
Origin
Emerging
Markets
Fund
(a)
199,660
1,719
SmallCap
Growth
Fund
I
(a)
111,088
1,295
SmallCap
Value
Fund
II
(a)
122,054
1,291
$
89,308
Principal
Funds,
Inc.
Institutional
Class
-
39
.98
%
Equity
Income
Fund
(a)
210,246
6,829
High
Income
Fund
(a)
1,126,335
8,695
Inflation
Protection
Fund
(a)
1,148,821
9,191
LargeCap
S&P
500
Index
Fund
(a)
363,588
6,708
LargeCap
Value
Fund
III
(a)
420,176
6,958
Overseas
Fund
(a)
476,150
3,952
Short-Term
Income
Fund
(a)
1,500,485
17,166
$
59,499
TOTAL
INVESTMENT
COMPANIES
$
148,807
Total
Investments
$
148,807
Other
Assets
and
Liabilities
- 0.00%
(
6
)
TOTAL
NET
ASSETS
-
100.00%
$
148,801
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary (unaudited)
Fund
Type
Percent
Fixed
Income
Funds
63
.05
%
Domestic
Equity
Funds
29
.74
%
International
Equity
Funds
4
.78
%
Specialty
Funds
2
.43
%
Other
Assets
and
Liabilities
0
.00
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Principal
LifeTime
2020
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
99
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
10,286
$
1,309
$
1,651
$
6,425
Core
Fixed
Income
Fund
56,952
9,914
7,005
50,549
Diversified
International
Fund
17,182
714
5,668
8,212
Diversified
Real
Asset
Fund
4,441
376
530
3,620
Equity
Income
Fund
9,547
1,029
1,769
6,829
High
Income
Fund
11,542
1,832
2,614
8,695
Inflation
Protection
Fund
9,938
1,895
1,184
9,191
International
Small
Company
Fund
3,202
132
1,083
1,443
LargeCap
Growth
Fund
I
9,881
1,750
1,570
6,409
LargeCap
S&P
500
Index
Fund
7,019
2,964
1,199
6,708
LargeCap
Value
Fund
III
9,686
979
2,299
6,958
MidCap
Fund
4,866
1,628
883
4,097
MidCap
Value
Fund
I
4,804
1,071
817
4,248
Origin
Emerging
Markets
Fund
4,052
173
1,403
1,719
Overseas
Fund
7,232
305
2,481
3,952
Short-Term
Income
Fund
20,827
1,552
3,972
17,166
SmallCap
Growth
Fund
I
2,257
284
557
1,295
SmallCap
Value
Fund
II
2,624
217
1,198
1,291
$
196,338
$
28,124
$
37,883
$
148,807
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—
$
(
85
)
$
—
$
(
3,434
)
Core
Fixed
Income
Fund
1,062
(
50
)
—
(
9,262
)
Diversified
International
Fund
—
(
202
)
—
(
3,814
)
Diversified
Real
Asset
Fund
138
(
7
)
—
(
660
)
Equity
Income
Fund
107
10
—
(
1,988
)
High
Income
Fund
428
(
229
)
—
(
1,836
)
Inflation
Protection
Fund
—
(
1
)
—
(
1,457
)
International
Small
Company
Fund
—
(
8
)
—
(
800
)
LargeCap
Growth
Fund
I
—
(
35
)
—
(
3,617
)
LargeCap
S&P
500
Index
Fund
—
(
72
)
—
(
2,004
)
LargeCap
Value
Fund
III
—
26
—
(
1,434
)
MidCap
Fund
—
(
10
)
—
(
1,504
)
MidCap
Value
Fund
I
—
(
8
)
—
(
802
)
Origin
Emerging
Markets
Fund
—
(
237
)
—
(
866
)
Overseas
Fund
—
71
—
(
1,175
)
Short-Term
Income
Fund
218
(
103
)
—
(
1,138
)
SmallCap
Growth
Fund
I
—
(
30
)
—
(
659
)
SmallCap
Value
Fund
II
—
193
—
(
545
)
$
1,953
$
(
777
)
$
—
$
(
36,995
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2030
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
100
INVESTMENT
COMPANIES
-
100
.00
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
71
.89
%
Blue
Chip
Fund
(a)
492,194
$
13,235
Core
Fixed
Income
Fund
(a)
9,268,200
77,297
Diversified
International
Fund
(a)
1,749,571
17,898
International
Small
Company
Fund
(a)
401,488
3,240
LargeCap
Growth
Fund
I
(a)
930,737
13,207
MidCap
Fund
(a)
285,096
8,493
MidCap
Value
Fund
I
(a)
595,825
8,800
Origin
Emerging
Markets
Fund
(a)
439,895
3,788
Real
Estate
Securities
Fund
(a)
215,157
5,388
SmallCap
Growth
Fund
I
(a)
239,551
2,793
SmallCap
Value
Fund
II
(a)
263,065
2,783
$
156,922
Principal
Funds,
Inc.
Institutional
Class
-
28
.11
%
Equity
Income
Fund
(a)
432,864
14,059
High
Income
Fund
(a)
1,384,548
10,689
LargeCap
S&P
500
Index
Fund
(a)
747,951
13,800
LargeCap
Value
Fund
III
(a)
864,922
14,323
Overseas
Fund
(a)
1,022,480
8,486
$
61,357
TOTAL
INVESTMENT
COMPANIES
$
218,279
Total
Investments
$
218,279
Other
Assets
and
Liabilities
- 0.00%
(
6
)
TOTAL
NET
ASSETS
-
100.00%
$
218,273
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary (unaudited)
Fund
Type
Percent
Fixed
Income
Funds
48
.51
%
Domestic
Equity
Funds
44
.38
%
International
Equity
Funds
7
.11
%
Other
Assets
and
Liabilities
0
.00
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
18,828
$
3,194
$
2,198
$
13,235
Core
Fixed
Income
Fund
75,243
20,412
5,339
77,297
Diversified
International
Fund
30,127
3,106
7,568
17,898
Equity
Income
Fund
17,520
2,570
2,247
14,059
High
Income
Fund
12,009
2,820
1,888
10,689
International
Small
Company
Fund
5,494
576
1,266
3,240
LargeCap
Growth
Fund
I
18,132
4,077
2,157
13,207
LargeCap
S&P
500
Index
Fund
14,218
5,023
1,386
13,800
LargeCap
Value
Fund
III
17,751
2,476
3,186
14,323
MidCap
Fund
9,037
3,446
1,124
8,493
MidCap
Value
Fund
I
9,030
2,363
1,011
8,800
Origin
Emerging
Markets
Fund
6,897
746
1,732
3,788
Overseas
Fund
12,705
1,318
3,253
8,486
Real
Estate
Securities
Fund
6,948
867
395
5,388
SmallCap
Growth
Fund
I
4,201
705
812
2,793
SmallCap
Value
Fund
II
4,729
594
1,857
2,783
$
262,869
$
54,293
$
37,419
$
218,279
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—
$
6
$
—
$
(
6,595
)
Core
Fixed
Income
Fund
1,494
(
14
)
—
(
13,005
)
Diversified
International
Fund
—
(
31
)
—
(
7,736
)
Equity
Income
Fund
203
6
—
(
3,790
)
High
Income
Fund
475
(
100
)
—
(
2,152
)
International
Small
Company
Fund
—
(
3
)
—
(
1,561
)
LargeCap
Growth
Fund
I
—
(
21
)
—
(
6,824
)
LargeCap
S&P
500
Index
Fund
—
(
35
)
—
(
4,020
)
LargeCap
Value
Fund
III
—
37
—
(
2,755
)
MidCap
Fund
—
(
4
)
—
(
2,862
)
MidCap
Value
Fund
I
—
(
1
)
—
(
1,581
)
Origin
Emerging
Markets
Fund
—
(
237
)
—
(
1,886
)
Overseas
Fund
—
(
6
)
—
(
2,278
)
Real
Estate
Securities
Fund
107
(
3
)
—
(
2,029
)
SmallCap
Growth
Fund
I
—
10
—
(
1,311
)
SmallCap
Value
Fund
II
—
(
8
)
—
(
675
)
$
2,279
$
(
404
)
$
—
$
(
61,060
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2040
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
101
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
59
.48
%
Blue
Chip
Fund
(a)
332,076
$
8,930
Core
Fixed
Income
Fund
(a)
1,938,018
16,163
Diversified
International
Fund
(a)
1,195,638
12,232
International
Small
Company
Fund
(a)
270,924
2,186
LargeCap
Growth
Fund
I
(a)
627,822
8,909
MidCap
Value
Fund
I
(a)
401,632
5,932
Origin
Emerging
Markets
Fund
(a)
312,117
2,687
Real
Estate
Securities
Fund
(a)
108,834
2,725
SmallCap
Growth
Fund
I
(a)
161,720
1,886
SmallCap
Value
Fund
II
(a)
177,624
1,879
$
63,529
Principal
Funds,
Inc.
Institutional
Class
-
40
.53
%
Equity
Income
Fund
(a)
292,148
9,489
High
Income
Fund
(a)
421,509
3,254
LargeCap
S&P
500
Index
Fund
(a)
504,974
9,317
LargeCap
Value
Fund
III
(a)
583,806
9,668
MidCap
Growth
Fund
III
(a)
574,777
5,730
Overseas
Fund
(a)
702,440
5,830
$
43,288
TOTAL
INVESTMENT
COMPANIES
$
106,817
Total
Investments
$
106,817
Other
Assets
and
Liabilities
- (0.01)%
(
6
)
TOTAL
NET
ASSETS
-
100.00%
$
106,811
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary (unaudited)
Fund
Type
Percent
Domestic
Equity
Funds
60
.35
%
Fixed
Income
Funds
29
.63
%
International
Equity
Funds
10
.03
%
Other
Assets
and
Liabilities
(
0
.01
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
12,123
$
2,843
$
1,726
$
8,930
Core
Fixed
Income
Fund
15,320
5,097
1,585
16,163
Diversified
International
Fund
20,086
2,389
4,969
12,232
Equity
Income
Fund
11,451
2,206
1,648
9,489
High
Income
Fund
3,188
1,027
339
3,254
International
Small
Company
Fund
3,746
440
934
2,186
LargeCap
Growth
Fund
I
11,740
3,364
1,698
8,909
LargeCap
S&P
500
Index
Fund
10,541
2,693
1,126
9,317
LargeCap
Value
Fund
III
11,567
1,756
1,838
9,668
MidCap
Growth
Fund
III
5,719
2,938
1,061
5,730
MidCap
Value
Fund
I
6,149
1,792
939
5,932
Origin
Emerging
Markets
Fund
4,844
578
1,224
2,687
Overseas
Fund
8,472
1,024
2,086
5,830
Real
Estate
Securities
Fund
3,552
482
279
2,725
SmallCap
Growth
Fund
I
2,690
479
439
1,886
SmallCap
Value
Fund
II
2,988
410
1,073
1,879
$
134,176
$
29,518
$
22,964
$
106,817
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—
$
(
9
)
$
—
$
(
4,301
)
Core
Fixed
Income
Fund
306
(
2
)
—
(
2,667
)
Diversified
International
Fund
—
—
—
(
5,274
)
Equity
Income
Fund
135
(
5
)
—
(
2,515
)
High
Income
Fund
135
—
—
(
622
)
International
Small
Company
Fund
—
5
—
(
1,071
)
LargeCap
Growth
Fund
I
—
(
6
)
—
(
4,491
)
LargeCap
S&P
500
Index
Fund
—
(
12
)
—
(
2,779
)
LargeCap
Value
Fund
III
—
8
—
(
1,825
)
MidCap
Growth
Fund
III
—
1
—
(
1,867
)
MidCap
Value
Fund
I
—
1
—
(
1,071
)
Origin
Emerging
Markets
Fund
—
9
—
(
1,520
)
Overseas
Fund
—
(
4
)
—
(
1,576
)
Real
Estate
Securities
Fund
54
—
—
(
1,030
)
SmallCap
Growth
Fund
I
—
—
—
(
844
)
SmallCap
Value
Fund
II
—
2
—
(
448
)
$
630
$
(
12
)
$
—
$
(
33,901
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2050
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
102
INVESTMENT
COMPANIES
-
100
.01
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
54
.88
%
Blue
Chip
Fund
(a)
186,286
$
5,009
Core
Fixed
Income
Fund
(a)
214,707
1,791
Diversified
International
Fund
(a)
653,295
6,683
International
Small
Company
Fund
(a)
146,887
1,185
LargeCap
Growth
Fund
I
(a)
352,152
4,997
MidCap
Value
Fund
I
(a)
224,914
3,322
Origin
Emerging
Markets
Fund
(a)
175,585
1,512
Real
Estate
Securities
Fund
(a)
53,070
1,329
SmallCap
Growth
Fund
I
(a)
88,904
1,036
SmallCap
Value
Fund
II
(a)
97,620
1,033
$
27,897
Principal
Funds,
Inc.
Institutional
Class
-
45
.13
%
Equity
Income
Fund
(a)
163,934
5,325
High
Income
Fund
(a)
75,569
583
LargeCap
S&P
500
Index
Fund
(a)
283,358
5,228
LargeCap
Value
Fund
III
(a)
327,632
5,426
MidCap
Growth
Fund
III
(a)
321,777
3,208
Overseas
Fund
(a)
382,419
3,174
$
22,944
TOTAL
INVESTMENT
COMPANIES
$
50,841
Total
Investments
$
50,841
Other
Assets
and
Liabilities
- (0.01)%
(
5
)
TOTAL
NET
ASSETS
-
100.00%
$
50,836
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary (unaudited)
Fund
Type
Percent
Domestic
Equity
Funds
70
.65
%
Fixed
Income
Funds
17
.82
%
International
Equity
Funds
11
.54
%
Other
Assets
and
Liabilities
(
0
.01
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
7,059
$
1,812
$
1,352
$
5,009
Core
Fixed
Income
Fund
1,075
1,364
403
1,791
Diversified
International
Fund
11,412
1,628
3,346
6,683
Equity
Income
Fund
6,664
1,433
1,320
5,325
High
Income
Fund
277
471
84
583
International
Small
Company
Fund
2,119
300
630
1,185
LargeCap
Growth
Fund
I
6,840
2,112
1,336
4,997
LargeCap
S&P
500
Index
Fund
6,537
1,347
1,014
5,228
LargeCap
Value
Fund
III
6,720
1,111
1,364
5,426
MidCap
Growth
Fund
III
3,418
1,749
853
3,208
MidCap
Value
Fund
I
3,646
1,081
794
3,322
Origin
Emerging
Markets
Fund
2,787
394
789
1,512
Overseas
Fund
4,760
696
1,401
3,174
Real
Estate
Securities
Fund
1,815
260
231
1,329
SmallCap
Growth
Fund
I
1,572
297
340
1,036
SmallCap
Value
Fund
II
1,830
259
796
1,033
$
68,531
$
16,314
$
16,053
$
50,841
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—
$
(
38
)
$
—
$
(
2,472
)
Core
Fixed
Income
Fund
27
(
5
)
—
(
240
)
Diversified
International
Fund
—
(
11
)
—
(
3,000
)
Equity
Income
Fund
77
(
3
)
—
(
1,449
)
High
Income
Fund
18
(
1
)
—
(
80
)
International
Small
Company
Fund
—
3
—
(
607
)
LargeCap
Growth
Fund
I
—
(
45
)
—
(
2,574
)
LargeCap
S&P
500
Index
Fund
—
(
31
)
—
(
1,611
)
LargeCap
Value
Fund
III
—
10
—
(
1,051
)
MidCap
Growth
Fund
III
—
5
—
(
1,111
)
MidCap
Value
Fund
I
—
4
—
(
615
)
Origin
Emerging
Markets
Fund
—
17
—
(
897
)
Overseas
Fund
—
1
—
(
882
)
Real
Estate
Securities
Fund
27
—
—
(
515
)
SmallCap
Growth
Fund
I
—
13
—
(
506
)
SmallCap
Value
Fund
II
—
3
—
(
263
)
$
149
$
(
78
)
$
—
$
(
17,873
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
2060
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
103
INVESTMENT
COMPANIES
-
100
.05
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
54
.68
%
Blue
Chip
Fund
(a)
48,714
$
1,310
Core
Fixed
Income
Fund
(a)
56,578
472
Diversified
International
Fund
(a)
169,159
1,731
International
Small
Company
Fund
(a)
38,317
309
LargeCap
Growth
Fund
I
(a)
91,986
1,305
MidCap
Value
Fund
I
(a)
59,224
875
Origin
Emerging
Markets
Fund
(a)
44,761
385
Real
Estate
Securities
Fund
(a)
13,806
346
SmallCap
Growth
Fund
I
(a)
23,578
275
SmallCap
Value
Fund
II
(a)
25,900
274
$
7,282
Principal
Funds,
Inc.
Institutional
Class
-
45
.37
%
Equity
Income
Fund
(a)
42,957
1,395
High
Income
Fund
(a)
19,997
154
LargeCap
S&P
500
Index
Fund
(a)
74,169
1,369
LargeCap
Value
Fund
III
(a)
85,890
1,422
MidCap
Growth
Fund
III
(a)
84,545
843
Overseas
Fund
(a)
103,331
858
$
6,041
TOTAL
INVESTMENT
COMPANIES
$
13,323
Total
Investments
$
13,323
Other
Assets
and
Liabilities
- (0.05)%
(
6
)
TOTAL
NET
ASSETS
-
100.00%
$
13,317
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary (unaudited)
Fund
Type
Percent
Domestic
Equity
Funds
70
.70
%
Fixed
Income
Funds
17
.70
%
International
Equity
Funds
11
.65
%
Other
Assets
and
Liabilities
(
0
.05
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
1,767
$
571
$
389
$
1,310
Core
Fixed
Income
Fund
282
350
96
472
Diversified
International
Fund
2,858
567
928
1,731
Equity
Income
Fund
1,667
481
377
1,395
High
Income
Fund
98
118
37
154
International
Small
Company
Fund
535
104
175
309
LargeCap
Growth
Fund
I
1,712
647
386
1,305
LargeCap
S&P
500
Index
Fund
1,697
394
294
1,369
LargeCap
Value
Fund
III
1,685
397
388
1,422
MidCap
Growth
Fund
III
841
528
250
843
MidCap
Value
Fund
I
907
356
228
875
Origin
Emerging
Markets
Fund
690
138
220
385
Overseas
Fund
1,245
243
390
858
Real
Estate
Securities
Fund
457
94
72
346
SmallCap
Growth
Fund
I
389
104
93
275
SmallCap
Value
Fund
II
454
95
208
274
$
17,284
$
5,187
$
4,531
$
13,323
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—
$
(
1
)
$
—
$
(
638
)
Core
Fixed
Income
Fund
7
(
1
)
—
(
63
)
Diversified
International
Fund
—
1
—
(
767
)
Equity
Income
Fund
19
—
—
(
376
)
High
Income
Fund
6
—
—
(
25
)
International
Small
Company
Fund
—
—
—
(
155
)
LargeCap
Growth
Fund
I
—
(
2
)
—
(
666
)
LargeCap
S&P
500
Index
Fund
—
(
1
)
—
(
427
)
LargeCap
Value
Fund
III
—
—
—
(
272
)
MidCap
Growth
Fund
III
—
—
—
(
276
)
MidCap
Value
Fund
I
—
—
—
(
160
)
Origin
Emerging
Markets
Fund
—
—
—
(
223
)
Overseas
Fund
—
—
—
(
240
)
Real
Estate
Securities
Fund
7
—
—
(
133
)
SmallCap
Growth
Fund
I
—
—
—
(
125
)
SmallCap
Value
Fund
II
—
—
—
(
67
)
$
39
$
(
4
)
$
—
$
(
4,613
)
Amounts
in
thousands.
Schedule
of
Investments
Principal
LifeTime
Strategic
Income
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
104
INVESTMENT
COMPANIES
-
100
.02
%
Shares
Held
Value
(000's)
Principal
Funds,
Inc.
Class
R-6
-
57
.35
%
Blue
Chip
Fund
(a)
29,519
$
794
Core
Fixed
Income
Fund
(a)
1,100,377
9,177
Diversified
International
Fund
(a)
93,860
960
Diversified
Real
Asset
Fund
(a)
55,261
617
International
Small
Company
Fund
(a)
22,582
182
LargeCap
Growth
Fund
I
(a)
55,805
792
MidCap
Fund
(a)
17,098
509
MidCap
Value
Fund
I
(a)
35,773
528
Origin
Emerging
Markets
Fund
(a)
27,203
234
SmallCap
Growth
Fund
I
(a)
14,098
165
SmallCap
Value
Fund
II
(a)
15,480
164
$
14,122
Principal
Funds,
Inc.
Institutional
Class
-
42
.67
%
Equity
Income
Fund
(a)
25,991
844
High
Income
Fund
(a)
218,567
1,687
Inflation
Protection
Fund
(a)
222,501
1,780
LargeCap
S&P
500
Index
Fund
(a)
44,921
829
LargeCap
Value
Fund
III
(a)
51,949
860
Overseas
Fund
(a)
55,884
464
Short-Term
Income
Fund
(a)
353,316
4,042
$
10,506
TOTAL
INVESTMENT
COMPANIES
$
24,628
Total
Investments
$
24,628
Other
Assets
and
Liabilities
- (0.02)%
(
5
)
TOTAL
NET
ASSETS
-
100.00%
$
24,623
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
Portfolio
Summary (unaudited)
Fund
Type
Percent
Fixed
Income
Funds
71
.67
%
Domestic
Equity
Funds
22
.28
%
International
Equity
Funds
3
.57
%
Specialty
Funds
2
.50
%
Other
Assets
and
Liabilities
(
0
.02
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
Principal
LifeTime
Strategic
Income
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
105
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
1,174
$
286
$
254
$
794
Core
Fixed
Income
Fund
9,487
3,104
1,822
9,177
Diversified
International
Fund
1,957
258
803
960
Diversified
Real
Asset
Fund
719
139
128
617
Equity
Income
Fund
1,128
218
265
844
High
Income
Fund
2,146
534
610
1,687
Inflation
Protection
Fund
1,850
545
338
1,780
International
Small
Company
Fund
375
48
145
182
LargeCap
Growth
Fund
I
1,144
330
252
792
LargeCap
S&P
500
Index
Fund
844
436
202
829
LargeCap
Value
Fund
III
1,134
212
317
860
MidCap
Fund
626
219
148
509
MidCap
Value
Fund
I
630
177
179
528
Origin
Emerging
Markets
Fund
502
63
191
234
Overseas
Fund
833
109
351
464
Short-Term
Income
Fund
5,043
916
1,627
4,042
SmallCap
Growth
Fund
I
254
57
67
165
SmallCap
Value
Fund
II
287
48
129
164
$
30,133
$
7,699
$
7,828
$
24,628
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—
$
(
2
)
$
—
$
(
410
)
Core
Fixed
Income
Fund
182
(
16
)
—
(
1,576
)
Diversified
International
Fund
—
(
3
)
—
(
449
)
Diversified
Real
Asset
Fund
23
(
1
)
—
(
112
)
Equity
Income
Fund
13
(
5
)
—
(
232
)
High
Income
Fund
80
(
27
)
—
(
356
)
Inflation
Protection
Fund
—
(
1
)
—
(
276
)
International
Small
Company
Fund
—
—
—
(
96
)
LargeCap
Growth
Fund
I
—
(
3
)
—
(
427
)
LargeCap
S&P
500
Index
Fund
—
(
5
)
—
(
244
)
LargeCap
Value
Fund
III
—
1
—
(
170
)
MidCap
Fund
—
(
5
)
—
(
183
)
MidCap
Value
Fund
I
—
—
—
(
100
)
Origin
Emerging
Markets
Fund
—
(
21
)
—
(
119
)
Overseas
Fund
—
6
—
(
133
)
Short-Term
Income
Fund
51
(
25
)
—
(
265
)
SmallCap
Growth
Fund
I
—
1
—
(
80
)
SmallCap
Value
Fund
II
—
1
—
(
43
)
$
349
$
(
105
)
$
—
$
(
5,271
)
Amounts
in
thousands.
Schedule
of
Investments
Real
Estate
Securities
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
106
INVESTMENT
COMPANIES
-
1
.08
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.08
%
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(b)
1,416,163
$
1,416
TOTAL
INVESTMENT
COMPANIES
$
1,416
COMMON
STOCKS
-
98
.55
%
Shares
Held
Value
(000's)
Entertainment
-
1
.49
%
Marriott
Vacations
Worldwide
Corp
16,185
$
1,972
Lodging
-
0
.34
%
Travel
+
Leisure
Co
13,149
449
REITs
-
96
.72
%
Agree
Realty
Corp
30,053
2,031
Alexandria
Real
Estate
Equities
Inc
36,314
5,091
American
Assets
Trust
Inc
15,284
393
American
Homes
4
Rent
152,199
4,994
American
Tower
Corp
19,680
4,225
Apartment
Income
REIT
Corp
70,195
2,711
Apple
Hospitality
REIT
Inc
80,965
1,138
AvalonBay
Communities
Inc
40,190
7,403
Brandywine
Realty
Trust
36,597
247
Broadstone
Net
Lease
Inc
111,569
1,733
Cousins
Properties
Inc
81,059
1,893
CubeSmart
96,960
3,884
DiamondRock
Hospitality
Co
137,415
1,032
Digital
Realty
Trust
Inc
14,960
1,484
Equinix
Inc
12,335
7,017
Equity
LifeStyle
Properties
Inc
64,647
4,062
Equity
Residential
19,590
1,317
Essex
Property
Trust
Inc
23,936
5,798
Extra
Space
Storage
Inc
39,300
6,787
First
Industrial
Realty
Trust
Inc
69,193
3,101
Healthcare
Realty
Trust
Inc
84,879
1,770
InvenTrust
Properties
Corp
32,532
694
Invitation
Homes
Inc
165,241
5,580
Kilroy
Realty
Corp
53,267
2,243
Medical
Properties
Trust
Inc
109,278
1,296
NETSTREIT
Corp
47,886
853
Park
Hotels
&
Resorts
Inc
2,345
26
Prologis
Inc
82,802
8,413
Public
Storage
10,670
3,124
Regency
Centers
Corp
60,266
3,245
Rexford
Industrial
Realty
Inc
71,484
3,717
Sabra
Health
Care
REIT
Inc
132,197
1,734
Saul
Centers
Inc
15,747
590
Simon
Property
Group
Inc
16,376
1,470
STORE
Capital
Corp
89,033
2,789
Sun
Communities
Inc
39,066
5,287
Terreno
Realty
Corp
50,835
2,694
Ventas
Inc
143,546
5,766
VICI
Properties
Inc
218,018
6,508
Welltower
Inc
49,808
3,204
$
127,344
TOTAL
COMMON
STOCKS
$
129,765
Total
Investments
$
131,181
Other
Assets
and
Liabilities
- 0.37%
482
TOTAL
NET
ASSETS
-
100.00%
$
131,663
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Current
yield
shown
is
as
of
period
end.
Portfolio
Summary (unaudited)
Sector
Percent
Financial
96
.72
%
Consumer,
Cyclical
1
.83
%
Money
Market
Funds
1
.08
%
Other
Assets
and
Liabilities
0
.37
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
2,129
$
18,254
$
18,967
$
1,416
$
2,129
$
18,254
$
18,967
$
1,416
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
11
$
—
$
—
$
—
$
11
$
—
$
—
$
—
Amounts
in
thousands.
Schedule
of
Investments
SAM
Balanced
Portfolio
September
30,
2022
(unaudited)
See
accompanying
notes.
107
INVESTMENT
COMPANIES
-
100
.26
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.23
%
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(b)
6,686,761
$
6,687
Principal
Exchange-Traded
Funds
-
7
.17
%
Principal
U.S.
Mega-Cap
ETF
(a)
950,807
32,099
Principal
U.S.
Small-Cap
Multi-Factor
ETF
(a)
188,600
6,944
$
39,043
Principal
Funds,
Inc.
Class
R-6
-
46
.67
%
Blue
Chip
Fund
(a)
2,297,579
61,782
Core
Fixed
Income
Fund
(a)
7,482,382
62,403
Diversified
International
Fund
(a)
2,492,731
25,501
Diversified
Real
Asset
Fund
(a)
2,207,104
24,631
Global
Real
Estate
Securities
Fund
(a)
305,688
2,528
High
Yield
Fund
(a)
2,486,032
15,140
International
Small
Company
Fund
(a)
680,801
5,494
LargeCap
Growth
Fund
I
(a)
656,757
9,319
Origin
Emerging
Markets
Fund
(a)
2,296,262
19,771
Spectrum
Preferred
and
Capital
Securities
Income
Fund
(a)
3,208,687
27,659
$
254,228
Principal
Funds,
Inc.
Institutional
Class
-
28
.31
%
Bond
Market
Index
Fund
(a)
5,928,046
49,736
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
(a)
892,333
7,165
Inflation
Protection
Fund
(a)
1,472,805
11,783
LargeCap
Value
Fund
III
(a)
971,558
16,089
Overseas
Fund
(a)
1,002,294
8,319
Principal
Capital
Appreciation
Fund
(a)
838,391
43,169
Short-Term
Income
Fund
(a)
1,570,821
17,970
$
154,231
Principal
Variable
Contracts
Funds,
Inc. Class
1
-
16
.88
%
Equity
Income
Account
(a)
2,283,580
54,167
Government
&
High
Quality
Bond
Account
(a)
1,775,434
14,363
MidCap
Account
(a)
494,169
23,443
$
91,973
TOTAL
INVESTMENT
COMPANIES
$
546,162
Total
Investments
$
546,162
Other
Assets
and
Liabilities
- (0.26)%
(
1,390
)
TOTAL
NET
ASSETS
-
100.00%
$
544,772
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Current
yield
shown
is
as
of
period
end.
Portfolio
Summary (unaudited)
Fund
Type
Percent
Domestic
Equity
Funds
45
.33
%
Fixed
Income
Funds
42
.55
%
International
Equity
Funds
6
.63
%
Specialty
Funds
4
.52
%
Money
Market
Funds
1
.23
%
Other
Assets
and
Liabilities
(
0
.26
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
SAM
Balanced
Portfolio
September
30,
2022
(unaudited)
See
accompanying
notes.
108
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
76,921
$
19,497
$
5,757
$
61,782
Bond
Market
Index
Fund
—
52,102
—
49,736
Core
Fixed
Income
Fund
82,384
13,654
20,048
62,403
Diversified
International
Fund
19,142
15,400
996
25,501
Diversified
Real
Asset
Fund
37,643
1,586
10,118
24,631
Edge
MidCap
Fund
17,925
80
15,373
—
Equity
Income
Account
62,100
18,222
5,976
54,167
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
23,011
767
13,388
7,165
Global
Real
Estate
Securities
Fund
17,302
44
12,844
2,528
Government
&
High
Quality
Bond
Account
26,575
15,654
23,974
14,363
High
Yield
Fund
16,203
6,778
4,527
15,140
Inflation
Protection
Fund
—
12,665
—
11,783
International
Small
Company
Fund
9,488
3,727
4,167
5,494
LargeCap
Growth
Fund
I
31,328
1,945
14,430
9,319
LargeCap
Value
Fund
III
37,659
101
17,995
16,089
MidCap
Account
7,624
24,106
620
23,443
Origin
Emerging
Markets
Fund
48,422
890
19,088
19,771
Overseas
Fund
7,286
7,709
4,006
8,319
Principal
Capital
Appreciation
Fund
13,047
42,812
2,730
43,169
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
22,974
26,635
42,922
6,687
Principal
Investment
Grade
Corporate
Active
ETF
10,054
—
8,817
—
Principal
U.S.
Mega-Cap
ETF
66,858
—
22,768
32,099
Principal
U.S.
Small-Cap
Multi-Factor
ETF
52,810
—
40,485
6,944
Short-Term
Income
Fund
25,640
306
6,669
17,970
Spectrum
Preferred
and
Capital
Securities
Income
Fund
32,072
4,217
3,311
27,659
$
744,468
$
268,897
$
301,009
$
546,162
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—
$
1,919
$
—
$
(
30,798
)
Bond
Market
Index
Fund
—
—
—
(
2,366
)
Core
Fixed
Income
Fund
1,583
(
2,078
)
—
(
11,509
)
Diversified
International
Fund
—
(
202
)
—
(
7,843
)
Diversified
Real
Asset
Fund
943
195
—
(
4,675
)
Edge
MidCap
Fund
—
1,884
—
(
4,516
)
Equity
Income
Account
2,560
3,314
5,153
(
23,493
)
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
718
(
1,959
)
—
(
1,266
)
Global
Real
Estate
Securities
Fund
—
3,058
—
(
5,032
)
Government
&
High
Quality
Bond
Account
264
(
2,453
)
—
(
1,439
)
High
Yield
Fund
784
(
471
)
—
(
2,843
)
Inflation
Protection
Fund
—
—
—
(
882
)
International
Small
Company
Fund
—
(
1,134
)
—
(
2,420
)
LargeCap
Growth
Fund
I
—
(
3,983
)
—
(
5,541
)
LargeCap
Value
Fund
III
—
(
754
)
—
(
2,922
)
MidCap
Account
57
(
115
)
1,943
(
7,552
)
Origin
Emerging
Markets
Fund
—
(
2,273
)
—
(
8,180
)
Overseas
Fund
—
(
616
)
—
(
2,054
)
Principal
Capital
Appreciation
Fund
—
(
711
)
—
(
9,249
)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
49
—
—
—
Principal
Investment
Grade
Corporate
Active
ETF
136
(
1,220
)
—
(
17
)
Principal
U.S.
Mega-Cap
ETF
436
8,505
—
(
20,496
)
Principal
U.S.
Small-Cap
Multi-Factor
ETF
114
12,059
—
(
17,440
)
Short-Term
Income
Fund
232
(
133
)
—
(
1,174
)
Spectrum
Preferred
and
Capital
Securities
Income
Fund
1,042
(
271
)
—
(
5,048
)
$
8,918
$
12,561
$
7,096
$
(
178,755
)
Amounts
in
thousands.
Schedule
of
Investments
SAM
Conservative
Balanced
Portfolio
September
30,
2022
(unaudited)
See
accompanying
notes.
109
INVESTMENT
COMPANIES
-
100
.92
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.77
%
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(b)
2,847,739
$
2,848
Principal
Exchange-Traded
Funds
-
4
.36
%
Principal
U.S.
Mega-Cap
ETF
(a)
169,230
5,713
Principal
U.S.
Small-Cap
Multi-Factor
ETF
(a)
35,200
1,296
$
7,009
Principal
Funds,
Inc.
Class
R-6
-
46
.49
%
Blue
Chip
Fund
(a)
478,447
12,865
Core
Fixed
Income
Fund
(a)
3,875,271
32,320
Diversified
International
Fund
(a)
444,373
4,546
Diversified
Real
Asset
Fund
(a)
394,189
4,399
Global
Real
Estate
Securities
Fund
(a)
109,636
907
High
Yield
Fund
(a)
786,958
4,793
International
Small
Company
Fund
(a)
127,451
1,028
Origin
Emerging
Markets
Fund
(a)
411,923
3,547
Spectrum
Preferred
and
Capital
Securities
Income
Fund
(a)
1,206,819
10,403
$
74,808
Principal
Funds,
Inc.
Institutional
Class
-
31
.99
%
Bond
Market
Index
Fund
(a)
2,925,292
24,543
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
(a)
477,450
3,834
Inflation
Protection
Fund
(a)
712,175
5,697
Overseas
Fund
(a)
124,060
1,030
Principal
Capital
Appreciation
Fund
(a)
164,014
8,445
Short-Term
Income
Fund
(a)
692,841
7,926
$
51,475
Principal
Variable
Contracts
Funds,
Inc. Class
1
-
16
.31
%
Equity
Income
Account
(a)
583,154
13,832
Government
&
High
Quality
Bond
Account
(a)
1,018,628
8,241
MidCap
Account
(a)
88,126
4,181
$
26,254
TOTAL
INVESTMENT
COMPANIES
$
162,394
Total
Investments
$
162,394
Other
Assets
and
Liabilities
- (0.92)%
(
1,478
)
TOTAL
NET
ASSETS
-
100.00%
$
160,916
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Current
yield
shown
is
as
of
period
end.
Portfolio
Summary (unaudited)
Fund
Type
Percent
Fixed
Income
Funds
63
.59
%
Domestic
Equity
Funds
28
.79
%
International
Equity
Funds
4
.04
%
Specialty
Funds
2
.73
%
Money
Market
Funds
1
.77
%
Other
Assets
and
Liabilities
(
0
.92
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
SAM
Conservative
Balanced
Portfolio
September
30,
2022
(unaudited)
See
accompanying
notes.
110
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
14,840
$
5,231
$
1,515
$
12,865
Bond
Market
Index
Fund
—
25,796
—
24,543
Core
Fixed
Income
Fund
37,543
5,677
4,519
32,320
Diversified
International
Fund
2,019
4,072
226
4,546
Diversified
Real
Asset
Fund
9,800
363
4,935
4,399
Edge
MidCap
Fund
3,423
138
3,067
—
Equity
Income
Account
11,346
8,120
896
13,832
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
11,778
529
6,973
3,834
Global
Real
Estate
Securities
Fund
6,822
58
5,187
907
Government
&
High
Quality
Bond
Account
12,152
7,499
9,582
8,241
High
Yield
Fund
7,943
3,406
5,140
4,793
Inflation
Protection
Fund
—
6,245
60
5,697
International
Small
Company
Fund
2,398
263
966
1,028
LargeCap
Growth
Fund
I
6,046
655
5,164
—
LargeCap
Value
Fund
III
5,183
2,180
7,066
—
MidCap
Account
2,215
3,372
61
4,181
Origin
Emerging
Markets
Fund
8,855
146
3,547
3,547
Overseas
Fund
1,520
1,555
1,621
1,030
Principal
Capital
Appreciation
Fund
2,022
10,442
1,727
8,445
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
4,910
13,614
15,676
2,848
Principal
Investment
Grade
Corporate
Active
ETF
4,686
436
4,570
—
Principal
U.S.
Mega-Cap
ETF
12,575
—
4,707
5,713
Principal
U.S.
Small-Cap
Multi-Factor
ETF
7,265
—
5,198
1,296
Short-Term
Income
Fund
12,127
322
3,918
7,926
Spectrum
Preferred
and
Capital
Securities
Income
Fund
16,125
734
4,165
10,403
$
203,593
$
100,853
$
100,486
$
162,394
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—
$
496
$
—
$
(
6,187
)
Bond
Market
Index
Fund
—
—
—
(
1,253
)
Core
Fixed
Income
Fund
732
(
489
)
—
(
5,892
)
Diversified
International
Fund
—
(
45
)
—
(
1,274
)
Diversified
Real
Asset
Fund
189
108
—
(
937
)
Edge
MidCap
Fund
—
356
—
(
850
)
Equity
Income
Account
647
137
1,302
(
4,875
)
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
333
(
811
)
—
(
689
)
Global
Real
Estate
Securities
Fund
—
1,002
—
(
1,788
)
Government
&
High
Quality
Bond
Account
135
(
1,040
)
—
(
788
)
High
Yield
Fund
356
(
471
)
—
(
945
)
Inflation
Protection
Fund
—
(
2
)
—
(
486
)
International
Small
Company
Fund
—
(
220
)
—
(
447
)
LargeCap
Growth
Fund
I
—
(
1,268
)
—
(
269
)
LargeCap
Value
Fund
III
—
(
217
)
—
(
80
)
MidCap
Account
10
(
14
)
339
(
1,331
)
Origin
Emerging
Markets
Fund
—
(
430
)
—
(
1,477
)
Overseas
Fund
—
(
210
)
—
(
214
)
Principal
Capital
Appreciation
Fund
—
(
409
)
—
(
1,883
)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
18
—
—
—
Principal
Investment
Grade
Corporate
Active
ETF
62
(
543
)
—
(
9
)
Principal
U.S.
Mega-Cap
ETF
80
1,769
—
(
3,924
)
Principal
U.S.
Small-Cap
Multi-Factor
ETF
19
1,877
—
(
2,648
)
Short-Term
Income
Fund
109
(
76
)
—
(
529
)
Spectrum
Preferred
and
Capital
Securities
Income
Fund
460
(
294
)
—
(
1,997
)
$
3,150
$
(
794
)
$
1,641
$
(
40,772
)
Amounts
in
thousands.
Schedule
of
Investments
SAM
Conservative
Growth
Portfolio
September
30,
2022
(unaudited)
See
accompanying
notes.
111
INVESTMENT
COMPANIES
-
100
.26
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.01
%
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(b)
3,283,825
$
3,284
Principal
Exchange-Traded
Funds
-
10
.13
%
Principal
U.S.
Mega-Cap
ETF
(a)
776,311
26,208
Principal
U.S.
Small-Cap
Multi-Factor
ETF
(a)
178,400
6,568
$
32,776
Principal
Funds,
Inc.
Class
R-6
-
44
.79
%
Blue
Chip
Fund
(a)
1,841,705
49,523
Core
Fixed
Income
Fund
(a)
2,038,758
17,003
Diversified
International
Fund
(a)
2,127,657
21,766
Diversified
Real
Asset
Fund
(a)
1,401,198
15,637
Global
Real
Estate
Securities
Fund
(a)
182,751
1,511
High
Yield
Fund
(a)
624,884
3,806
International
Small
Company
Fund
(a)
552,853
4,462
LargeCap
Growth
Fund
I
(a)
589,575
8,366
Origin
Emerging
Markets
Fund
(a)
1,851,391
15,941
Spectrum
Preferred
and
Capital
Securities
Income
Fund
(a)
802,468
6,917
$
144,932
Principal
Funds,
Inc.
Institutional
Class
-
23
.54
%
Bond
Market
Index
Fund
(a)
1,492,646
12,523
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
(a)
328,233
2,636
Inflation
Protection
Fund
(a)
313,687
2,510
LargeCap
Value
Fund
III
(a)
801,052
13,265
Overseas
Fund
(a)
679,407
5,639
Principal
Capital
Appreciation
Fund
(a)
691,970
35,630
Short-Term
Income
Fund
(a)
346,195
3,960
$
76,163
Principal
Variable
Contracts
Funds,
Inc. Class
1
-
20
.79
%
Equity
Income
Account
(a)
1,830,854
43,428
Government
&
High
Quality
Bond
Account
(a)
443,015
3,584
MidCap
Account
(a)
427,222
20,267
$
67,279
TOTAL
INVESTMENT
COMPANIES
$
324,434
Total
Investments
$
324,434
Other
Assets
and
Liabilities
- (0.26)%
(
828
)
TOTAL
NET
ASSETS
-
100.00%
$
323,606
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Current
yield
shown
is
as
of
period
end.
Portfolio
Summary (unaudited)
Fund
Type
Percent
Domestic
Equity
Funds
62
.80
%
Fixed
Income
Funds
23
.10
%
International
Equity
Funds
8
.52
%
Specialty
Funds
4
.83
%
Money
Market
Funds
1
.01
%
Other
Assets
and
Liabilities
(
0
.26
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
SAM
Conservative
Growth
Portfolio
September
30,
2022
(unaudited)
See
accompanying
notes.
112
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
59,716
$
17,629
$
5,136
$
49,523
Bond
Market
Index
Fund
—
13,066
—
12,523
Core
Fixed
Income
Fund
17,280
4,272
1,339
17,003
Diversified
International
Fund
15,266
13,335
607
21,766
Diversified
Real
Asset
Fund
20,753
2,585
4,897
15,637
Edge
MidCap
Fund
14,981
319
13,037
—
Equity
Income
Account
48,104
17,757
6,838
43,428
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
4,093
1,615
2,189
2,636
Global
Real
Estate
Securities
Fund
8,020
1,013
6,731
1,511
Government
&
High
Quality
Bond
Account
5,358
4,431
5,342
3,584
High
Yield
Fund
2,154
2,523
259
3,806
Inflation
Protection
Fund
—
2,662
14
2,510
International
Small
Company
Fund
7,388
2,736
2,896
4,462
LargeCap
Growth
Fund
I
25,761
2,179
11,500
8,366
LargeCap
Value
Fund
III
28,523
1,493
13,729
13,265
MidCap
Account
7,256
20,110
406
20,267
Origin
Emerging
Markets
Fund
36,702
1,995
14,684
15,941
Overseas
Fund
6,284
2,298
1,337
5,639
Principal
Capital
Appreciation
Fund
7,922
37,823
1,818
35,630
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
14,113
8,973
19,802
3,284
Principal
Investment
Grade
Corporate
Active
ETF
1,868
284
1,804
—
Principal
U.S.
Mega-Cap
ETF
52,006
—
16,116
26,208
Principal
U.S.
Small-Cap
Multi-Factor
ETF
41,514
—
30,173
6,568
Short-Term
Income
Fund
4,307
1,298
1,333
3,960
Spectrum
Preferred
and
Capital
Securities
Income
Fund
5,088
3,234
189
6,917
$
434,457
$
163,630
$
162,176
$
324,434
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—
$
640
$
—
$
(
23,326
)
Bond
Market
Index
Fund
—
—
—
(
543
)
Core
Fixed
Income
Fund
365
(
133
)
—
(
3,077
)
Diversified
International
Fund
—
(
142
)
—
(
6,086
)
Diversified
Real
Asset
Fund
576
103
—
(
2,907
)
Edge
MidCap
Fund
—
1,131
—
(
3,394
)
Equity
Income
Account
2,011
1,591
4,049
(
17,186
)
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
196
(
304
)
—
(
579
)
Global
Real
Estate
Securities
Fund
—
1,692
—
(
2,483
)
Government
&
High
Quality
Bond
Account
54
(
456
)
—
(
407
)
High
Yield
Fund
134
(
23
)
—
(
589
)
Inflation
Protection
Fund
—
—
—
(
138
)
International
Small
Company
Fund
—
(
798
)
—
(
1,968
)
LargeCap
Growth
Fund
I
—
(
3,323
)
—
(
4,751
)
LargeCap
Value
Fund
III
—
(
676
)
—
(
2,346
)
MidCap
Account
50
(
85
)
1,698
(
6,608
)
Origin
Emerging
Markets
Fund
—
(
1,869
)
—
(
6,203
)
Overseas
Fund
—
(
184
)
—
(
1,422
)
Principal
Capital
Appreciation
Fund
—
(
483
)
—
(
7,814
)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
33
—
—
—
Principal
Investment
Grade
Corporate
Active
ETF
39
(
346
)
—
(
2
)
Principal
U.S.
Mega-Cap
ETF
340
5,767
—
(
15,449
)
Principal
U.S.
Small-Cap
Multi-Factor
ETF
107
7,288
—
(
12,061
)
Short-Term
Income
Fund
57
(
61
)
—
(
251
)
Spectrum
Preferred
and
Capital
Securities
Income
Fund
241
(
23
)
—
(
1,193
)
$
4,203
$
9,306
$
5,747
$
(
120,783
)
Amounts
in
thousands.
Schedule
of
Investments
SAM
Flexible
Income
Portfolio
September
30,
2022
(unaudited)
See
accompanying
notes.
113
INVESTMENT
COMPANIES
-
101
.58
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
2
.28
%
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(b)
3,268,296
$
3,268
Principal
Exchange-Traded
Funds
-
6
.56
%
Principal
Active
High
Yield
ETF
(a)
171,116
2,967
Principal
Investment
Grade
Corporate
Active
ETF
(a)
143,298
2,935
Principal
U.S.
Mega-Cap
ETF
(a)
103,407
3,491
$
9,393
Principal
Funds,
Inc.
Class
R-6
-
42
.45
%
Blue
Chip
Fund
(a)
202,528
5,446
Core
Fixed
Income
Fund
(a)
4,312,317
35,965
Diversified
International
Fund
(a)
283,818
2,903
Global
Real
Estate
Securities
Fund
(a)
105,974
876
High
Yield
Fund
(a)
323,776
1,972
Origin
Emerging
Markets
Fund
(a)
120,640
1,039
Small-MidCap
Dividend
Income
Fund
(a)
119,742
1,745
Spectrum
Preferred
and
Capital
Securities
Income
Fund
(a)
1,261,989
10,878
$
60,824
Principal
Funds,
Inc.
Institutional
Class
-
37
.90
%
Bond
Market
Index
Fund
(a)
3,608,957
30,279
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
(a)
351,443
2,822
Inflation
Protection
Fund
(a)
902,200
7,218
Principal
Capital
Appreciation
Fund
(a)
98,398
5,067
Short-Term
Income
Fund
(a)
779,675
8,919
$
54,305
Principal
Variable
Contracts
Funds,
Inc. Class
1
-
12
.39
%
Equity
Income
Account
(a)
348,381
8,264
Government
&
High
Quality
Bond
Account
(a)
1,172,098
9,482
$
17,746
TOTAL
INVESTMENT
COMPANIES
$
145,536
Total
Investments
$
145,536
Other
Assets
and
Liabilities
- (1.58)%
(
2,259
)
TOTAL
NET
ASSETS
-
100.00%
$
143,277
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Current
yield
shown
is
as
of
period
end.
Portfolio
Summary (unaudited)
Fund
Type
Percent
Fixed
Income
Funds
81
.20
%
Domestic
Equity
Funds
16
.77
%
Money
Market
Funds
2
.28
%
International
Equity
Funds
1
.33
%
Other
Assets
and
Liabilities
(
1
.58
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
SAM
Flexible
Income
Portfolio
September
30,
2022
(unaudited)
See
accompanying
notes.
114
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
9,924
$
1,225
$
2,527
$
5,446
Bond
Market
Index
Fund
—
31,790
—
30,279
Core
Fixed
Income
Fund
34,551
12,982
5,454
35,965
Diversified
International
Fund
4,873
1,841
2,247
2,903
Diversified
Real
Asset
Fund
12,601
270
12,730
—
Equity
Income
Account
5,414
6,610
900
8,264
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
5,895
681
2,720
2,822
Global
Real
Estate
Securities
Fund
8,179
358
6,706
876
Government
&
High
Quality
Bond
Account
21,160
6,374
15,465
9,482
High
Yield
Fund
2,086
989
673
1,972
Inflation
Protection
Fund
—
8,028
173
7,218
LargeCap
Value
Fund
III
3,442
95
3,394
—
Origin
Emerging
Markets
Fund
1,718
191
358
1,039
Principal
Active
High
Yield
ETF
12,000
—
7,532
2,967
Principal
Capital
Appreciation
Fund
3,243
5,592
2,314
5,067
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
3,795
17,279
17,806
3,268
Principal
Investment
Grade
Corporate
Active
ETF
19,063
—
13,099
2,935
Principal
U.S.
Mega-Cap
ETF
8,010
—
3,186
3,491
Principal
U.S.
Small-Cap
Multi-Factor
ETF
1,992
—
1,980
—
Short-Term
Income
Fund
14,944
375
5,620
8,919
Small-MidCap
Dividend
Income
Fund
4,192
2,283
3,647
1,745
Spectrum
Preferred
and
Capital
Securities
Income
Fund
16,670
1,841
4,980
10,878
$
193,752
$
98,804
$
113,511
$
145,536
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—
$
(
140
)
$
—
$
(
3,036
)
Bond
Market
Index
Fund
—
—
—
(
1,511
)
Core
Fixed
Income
Fund
658
(
650
)
—
(
5,464
)
Diversified
International
Fund
—
(
409
)
—
(
1,155
)
Diversified
Real
Asset
Fund
81
321
—
(
462
)
Equity
Income
Account
413
323
831
(
3,183
)
Finisterre
Emerging
Markets
Total
Return
Bond
Fund
229
(
437
)
—
(
597
)
Global
Real
Estate
Securities
Fund
—
1,275
—
(
2,230
)
Government
&
High
Quality
Bond
Account
176
(
1,891
)
—
(
696
)
High
Yield
Fund
100
(
68
)
—
(
362
)
Inflation
Protection
Fund
—
(
12
)
—
(
625
)
LargeCap
Value
Fund
III
—
(
94
)
—
(
49
)
Origin
Emerging
Markets
Fund
—
(
59
)
—
(
453
)
Principal
Active
High
Yield
ETF
389
(
164
)
—
(
1,337
)
Principal
Capital
Appreciation
Fund
—
(
579
)
—
(
875
)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
11
—
—
—
Principal
Investment
Grade
Corporate
Active
ETF
339
(
2,909
)
—
(
120
)
Principal
U.S.
Mega-Cap
ETF
50
1,234
—
(
2,567
)
Principal
U.S.
Small-Cap
Multi-Factor
ETF
—
745
—
(
757
)
Short-Term
Income
Fund
137
(
187
)
—
(
593
)
Small-MidCap
Dividend
Income
Fund
57
(
611
)
—
(
472
)
Spectrum
Preferred
and
Capital
Securities
Income
Fund
530
(
615
)
—
(
2,038
)
$
3,170
$
(
4,927
)
$
831
$
(
28,582
)
Amounts
in
thousands.
Schedule
of
Investments
SAM
Strategic
Growth
Portfolio
September
30,
2022
(unaudited)
See
accompanying
notes.
115
INVESTMENT
COMPANIES
-
100
.73
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
1
.39
%
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(b)
4,309,571
$
4,310
Principal
Exchange-Traded
Funds
-
12
.10
%
Principal
U.S.
Mega-Cap
ETF
(a)
862,000
29,101
Principal
U.S.
Small-Cap
Multi-Factor
ETF
(a)
231,100
8,508
$
37,609
Principal
Funds,
Inc.
Class
R-6
-
39
.58
%
Blue
Chip
Fund
(a)
1,999,121
53,756
Diversified
International
Fund
(a)
2,222,924
22,740
Diversified
Real
Asset
Fund
(a)
749,536
8,365
International
Small
Company
Fund
(a)
926,471
7,477
LargeCap
Growth
Fund
I
(a)
699,787
9,930
Origin
Emerging
Markets
Fund
(a)
2,411,593
20,764
$
123,032
Principal
Funds,
Inc.
Institutional
Class
-
25
.50
%
Bond
Market
Index
Fund
(a)
1,158,398
9,719
LargeCap
Value
Fund
III
(a)
936,901
15,515
Overseas
Fund
(a)
1,495,459
12,412
Principal
Capital
Appreciation
Fund
(a)
808,789
41,645
$
79,291
Principal
Variable
Contracts
Funds,
Inc. Class
1
-
22
.16
%
Equity
Income
Account
(a)
1,991,760
47,244
MidCap
Account
(a)
456,516
21,657
$
68,901
TOTAL
INVESTMENT
COMPANIES
$
313,143
Total
Investments
$
313,143
Other
Assets
and
Liabilities
- (0.73)%
(
2,276
)
TOTAL
NET
ASSETS
-
100.00%
$
310,867
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Current
yield
shown
is
as
of
period
end.
Portfolio
Summary (unaudited)
Fund
Type
Percent
Domestic
Equity
Funds
73
.12
%
International
Equity
Funds
13
.08
%
Fixed
Income
Funds
10
.45
%
Specialty
Funds
2
.69
%
Money
Market
Funds
1
.39
%
Other
Assets
and
Liabilities
(
0
.73
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
SAM
Strategic
Growth
Portfolio
September
30,
2022
(unaudited)
See
accompanying
notes.
116
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Blue
Chip
Fund
$
61,196
$
18,850
$
1,872
$
53,756
Bond
Market
Index
Fund
—
10,510
210
9,719
Diversified
International
Fund
25,501
6,388
713
22,740
Diversified
Real
Asset
Fund
19,442
780
10,332
8,365
Edge
MidCap
Fund
16,427
206
14,411
—
Equity
Income
Account
49,597
20,957
6,063
47,244
Global
Real
Estate
Securities
Fund
3,238
—
3,146
—
International
Small
Company
Fund
9,801
1,554
497
7,477
LargeCap
Growth
Fund
I
53,778
829
31,557
9,930
LargeCap
Value
Fund
III
33,629
2,748
17,294
15,515
MidCap
Account
13,367
16,171
1,777
21,657
Origin
Emerging
Markets
Fund
25,779
12,576
10,718
20,764
Overseas
Fund
15,482
2,667
2,264
12,412
Principal
Capital
Appreciation
Fund
9,406
43,598
1,954
41,645
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
9,966
12,467
18,123
4,310
Principal
U.S.
Mega-Cap
ETF
43,423
44
4,629
29,101
Principal
U.S.
Small-Cap
Multi-Factor
ETF
38,607
—
24,059
8,508
$
428,639
$
150,345
$
149,619
$
313,143
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Blue
Chip
Fund
$
—
$
(
538
)
$
—
$
(
23,880
)
Bond
Market
Index
Fund
—
(
11
)
—
(
570
)
Diversified
International
Fund
—
(
189
)
—
(
8,247
)
Diversified
Real
Asset
Fund
317
277
—
(
1,802
)
Edge
MidCap
Fund
—
(
271
)
—
(
1,951
)
Equity
Income
Account
2,283
946
4,594
(
18,193
)
Global
Real
Estate
Securities
Fund
—
1,184
—
(
1,276
)
International
Small
Company
Fund
—
(
142
)
—
(
3,239
)
LargeCap
Growth
Fund
I
—
(
3,763
)
—
(
9,357
)
LargeCap
Value
Fund
III
—
(
617
)
—
(
2,951
)
MidCap
Account
43
(
74
)
1,483
(
6,030
)
Origin
Emerging
Markets
Fund
—
(
425
)
—
(
6,448
)
Overseas
Fund
—
(
369
)
—
(
3,104
)
Principal
Capital
Appreciation
Fund
—
(
558
)
—
(
8,847
)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
36
—
—
—
Principal
U.S.
Mega-Cap
ETF
332
943
—
(
10,680
)
Principal
U.S.
Small-Cap
Multi-Factor
ETF
140
5,971
—
(
12,011
)
$
3,151
$
2,364
$
6,077
$
(
118,586
)
Amounts
in
thousands.
Schedule
of
Investments
Short-Term
Income
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
117
INVESTMENT
COMPANIES
-
3
.53
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
3
.53
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
2.77%
(a),(b)
294,030
$
294
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(c)
4,411,070
4,411
$
4,705
TOTAL
INVESTMENT
COMPANIES
$
4,705
BONDS
-
88
.34
%
Principal
Amount
(000's)
Value
(000's)
Aerospace
&
Defense
-
0
.18
%
Raytheon
Technologies
Corp
3.20%,
03/15/2024
$
250
$
244
Agriculture
-
0
.07
%
Bunge
Ltd
Finance
Corp
1.63%,
08/17/2025
100
90
Airlines
-
0
.39
%
Alaska
Airlines
2020-1
Class
A
Pass
Through
Trust
4.80%,
02/15/2029
(d)
232
219
American
Airlines
2013-2
Class
A
Pass
Through
Trust
4.95%,
07/15/2024
82
81
Delta
Air
Lines
Inc
/
SkyMiles
IP
Ltd
4.50%,
10/20/2025
(d)
229
222
$
522
Automobile
Asset
Backed
Securities
-
9
.54
%
Americredit
Automobile
Receivables
Trust
2022-1
2.05%,
01/20/2026
1,492
1,477
CPS
Auto
Receivables
Trust
2021-A
0.61%,
02/18/2025
(d)
13
13
CPS
Auto
Receivables
Trust
2021-B
0.37%,
03/17/2025
(d)
5
5
CPS
Auto
Receivables
Trust
2021-C
0.33%,
07/15/2024
(d)
8
8
CPS
Auto
Receivables
Trust
2021-D
0.61%,
10/15/2025
(d)
162
160
CPS
Auto
Receivables
Trust
2022-A
0.98%,
04/16/2029
(d)
280
275
CPS
Auto
Receivables
Trust
2022-B
2.88%,
06/15/2026
(d)
1,549
1,522
Ford
Credit
Auto
Owner
Trust
2018-REV2
3.47%,
01/15/2030
(d)
800
792
Ford
Credit
Auto
Owner
Trust
2019-REV1
3.52%,
07/15/2030
(d)
300
295
Ford
Credit
Auto
Owner
Trust
2020-REV2
1.06%,
04/15/2033
(d)
475
421
Ford
Credit
Auto
Owner
Trust
2021-REV1
1.37%,
10/17/2033
(d)
250
220
Navistar
Financial
Dealer
Note
Master
Owner
Trust
II
3.53%,
05/25/2027
(d)
800
801
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
1.25%
OneMain
Direct
Auto
Receivables
Trust
2019-1
3.63%,
09/14/2027
(d)
750
712
OneMain
Direct
Auto
Receivables
Trust
2021-1
0.87%,
07/14/2028
(d)
750
694
OneMain
Direct
Auto
Receivables
Trust
2022-1
4.65%,
03/14/2029
(d)
500
491
Santander
Drive
Auto
Receivables
Trust
2021-3
0.33%,
03/17/2025
73
73
Santander
Drive
Auto
Receivables
Trust
2022-1
1.36%,
12/16/2024
551
548
Santander
Drive
Auto
Receivables
Trust
2022-5
3.98%,
01/15/2025
300
298
Toyota
Auto
Loan
Extended
Note
Trust
2019-1
2.56%,
11/25/2031
(d)
250
241
Toyota
Auto
Loan
Extended
Note
Trust
2020-1
1.35%,
05/25/2033
(d)
200
183
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Automobile
Asset
Backed
Securities
(continued)
Westlake
Automobile
Receivables
Trust
2020-3
0.56%,
05/15/2024
(d)
$
18
$
18
Westlake
Automobile
Receivables
Trust
2021-1
0.39%,
10/15/2024
(d)
77
76
0.64%,
03/16/2026
(d)
250
244
Westlake
Automobile
Receivables
Trust
2021-2
0.32%,
04/15/2025
(d)
394
389
Westlake
Automobile
Receivables
Trust
2022-1
1.97%,
12/16/2024
(d)
1,613
1,598
Westlake
Automobile
Receivables
Trust
2022-2
3.42%,
08/15/2025
(d)
500
500
1.00
x
30
Day
Average
Secured
Overnight
Financing
Rate
+
1.13%
World
Omni
Auto
Receivables
Trust
2022-A
1.15%,
04/15/2025
651
643
$
12,697
Banks
-
16
.54
%
Bank
of
America
Corp
0.98%,
09/25/2025
(e)
1,250
1,137
Secured
Overnight
Financing
Rate
+
0.91%
1.20%,
10/24/2026
(e)
700
611
Secured
Overnight
Financing
Rate
+
1.01%
1.32%,
06/19/2026
(e)
600
533
Secured
Overnight
Financing
Rate
+
1.15%
3.00%,
12/20/2023
(e)
430
428
3
Month
USD
LIBOR
+
0.79%
4.20%,
08/26/2024
750
738
Bank
of
Montreal
0.95%,
01/22/2027
(e)
300
260
Secured
Overnight
Financing
Rate
+
0.60%
Bank
of
New
York
Mellon
Corp/The
3.86%,
10/30/2023
500
500
3
Month
USD
LIBOR
+
1.05%
Bank
of
Nova
Scotia/The
1.30%,
09/15/2026
307
263
Barclays
PLC
2.28%,
11/24/2027
(e)
500
419
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.05%
5.30%,
08/09/2026
(e)
500
480
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.30%
BNP
Paribas
SA
3.50%,
03/01/2023
(d)
250
248
Citigroup
Inc
0.78%,
10/30/2024
(e)
400
380
Secured
Overnight
Financing
Rate
+
0.69%
1.12%,
01/28/2027
(e)
400
342
Secured
Overnight
Financing
Rate
+
0.77%
3.50%,
05/15/2023
250
248
4.00%,
08/05/2024
274
268
4.04%,
06/01/2024
(e)
250
248
3
Month
USD
LIBOR
+
1.02%
Credit
Suisse
Group
AG
4.21%,
06/12/2024
(d),(e)
850
833
3
Month
USD
LIBOR
+
1.24%
Deutsche
Bank
AG/New
York
NY
0.90%,
05/28/2024
175
162
0.96%,
11/08/2023
400
381
Fifth
Third
Bancorp
3.65%,
01/25/2024
200
196
4.30%,
01/16/2024
400
396
First
Republic
Bank/CA
1.91%,
02/12/2024
(e)
250
247
Secured
Overnight
Financing
Rate
+
0.62%
Schedule
of
Investments
Short-Term
Income
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
118
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Banks
(continued)
Goldman
Sachs
Group
Inc/The
1.22%,
12/06/2023
$
500
$
479
2.64%,
02/24/2028
(e)
300
260
Secured
Overnight
Financing
Rate
+
1.11%
3.20%,
02/23/2023
300
298
3.53%,
11/17/2023
500
499
Secured
Overnight
Financing
Rate
+
0.54%
3.77%,
12/09/2026
600
580
Secured
Overnight
Financing
Rate
+
0.79%
4.48%,
08/23/2028
(e)
500
469
Secured
Overnight
Financing
Rate
+
1.73%
HSBC
Holdings
PLC
2.63%,
11/07/2025
(e)
200
186
Secured
Overnight
Financing
Rate
+
1.40%
JPMorgan
Chase
&
Co
1.04%,
02/04/2027
(e)
200
170
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
0.70%
1.05%,
11/19/2026
(e)
1,400
1,211
Secured
Overnight
Financing
Rate
+
0.80%
1.51%,
06/01/2024
(e)
300
293
Secured
Overnight
Financing
Rate
+
1.46%
4.01%,
10/24/2023
500
500
3
Month
USD
LIBOR
+
1.23%
Morgan
Stanley
0.53%,
01/25/2024
(e)
750
738
Secured
Overnight
Financing
Rate
+
0.46%
1.59%,
05/04/2027
(e)
250
216
Secured
Overnight
Financing
Rate
+
0.88%
2.48%,
01/21/2028
(e)
300
262
Secured
Overnight
Financing
Rate
+
1.00%
4.10%,
05/22/2023
300
299
4.18%,
10/24/2023
1,400
1,400
3
Month
USD
LIBOR
+
1.40%
NatWest
Group
PLC
4.27%,
03/22/2025
(e)
250
243
3
Month
USD
LIBOR
+
1.76%
NatWest
Markets
PLC
0.80%,
08/12/2024
(d)
200
184
1.60%,
09/29/2026
(d)
750
633
Royal
Bank
of
Canada
0.88%,
01/20/2026
300
260
Societe
Generale
SA
2.63%,
01/22/2025
(d)
300
278
Toronto-Dominion
Bank/The
0.30%,
06/02/2023
300
292
0.75%,
01/06/2026
300
260
Truist
Financial
Corp
1.27%,
03/02/2027
(e)
348
302
Secured
Overnight
Financing
Rate
+
0.61%
UBS
Group
AG
1.01%,
07/30/2024
(d),(e)
250
241
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
0.83%
4.49%,
08/05/2025
(d),(e)
750
732
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
1.60%
Wells
Fargo
&
Co
1.65%,
06/02/2024
(e)
400
391
Secured
Overnight
Financing
Rate
+
1.60%
2.16%,
02/11/2026
(e)
200
184
3
Month
USD
LIBOR
+
0.75%
2.19%,
04/30/2026
(e)
400
365
Secured
Overnight
Financing
Rate
+
2.00%
2.41%,
10/30/2025
(e)
500
467
Secured
Overnight
Financing
Rate
+
1.09%
$
22,010
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Beverages
-
0
.77
%
JDE
Peet's
NV
0.80%,
09/24/2024
(d)
$
500
$
458
Keurig
Dr
Pepper
Inc
0.75%,
03/15/2024
600
565
$
1,023
Biotechnology
-
0
.81
%
Gilead
Sciences
Inc
0.75%,
09/29/2023
1,124
1,079
Building
Materials
-
0
.23
%
Martin
Marietta
Materials
Inc
4.25%,
07/02/2024
309
304
Chemicals
-
0
.33
%
Celanese
US
Holdings
LLC
3.50%,
05/08/2024
200
191
Westlake
Corp
3.60%,
08/15/2026
268
249
$
440
Commercial
Mortgage
Backed
Securities
-
8
.06
%
Arbor
Multifamily
Mortgage
Securities
Trust
2022-MF4
3.27%,
02/15/2055
(d),(f)
545
498
BX
2021-LBA3
Mortgage
Trust
3.51%,
10/15/2036
(d)
250
238
1.00
x
1
Month
USD
LIBOR
+
0.69%
BX
Commercial
Mortgage
Trust
2021-21M
3.55%,
10/15/2036
(d)
375
358
1.00
x
1
Month
USD
LIBOR
+
0.73%
BX
Commercial
Mortgage
Trust
2021-ACNT
3.67%,
11/15/2038
(d)
400
384
1.00
x
1
Month
USD
LIBOR
+
0.85%
BX
Commercial
Mortgage
Trust
2021-SOAR
3.49%,
06/15/2038
(d)
298
285
1.00
x
1
Month
USD
LIBOR
+
0.67%
BX
Commercial
Mortgage
Trust
2021-VINO
3.47%,
05/15/2038
(d)
200
191
1.00
x
1
Month
USD
LIBOR
+
0.65%
BX
Commercial
Mortgage
Trust
2021-VOLT
3.52%,
09/15/2036
(d)
1,000
955
1.00
x
1
Month
USD
LIBOR
+
0.70%
BX
Commercial
Mortgage
Trust
2021-XL2
3.51%,
10/15/2038
(d)
933
895
1.00
x
1
Month
USD
LIBOR
+
0.69%
BX
Trust
2021-BXMF
3.45%,
10/15/2026
(d)
375
357
1.00
x
1
Month
USD
LIBOR
+
0.64%
BX
Trust
2021-LGCY
3.32%,
10/15/2023
(d)
750
710
1.00
x
1
Month
USD
LIBOR
+
0.51%
Cold
Storage
Trust
2020-ICE5
3.72%,
11/15/2037
(d)
590
574
1.00
x
1
Month
USD
LIBOR
+
0.90%
ELP
Commercial
Mortgage
Trust
2021-ELP
3.52%,
11/15/2038
(d)
750
714
1.00
x
1
Month
USD
LIBOR
+
0.70%
Ginnie
Mae
0.09%,
02/16/2055
(f),(g)
2,381
4
0.21%,
10/16/2054
(f),(g)
1,481
20
0.30%,
01/16/2054
(f),(g)
455
4
0.33%,
09/16/2055
(f),(g)
1,007
10
0.34%,
01/16/2055
(f),(g)
2,608
18
0.78%,
06/16/2045
(f),(g)
341
6
Life
2021-BMR
Mortgage
Trust
3.52%,
03/15/2038
(d)
295
283
1.00
x
1
Month
USD
LIBOR
+
0.70%
Schedule
of
Investments
Short-Term
Income
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
119
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Commercial
Mortgage
Backed
Securities
(continued)
Life
2022-BMR
Mortgage
Trust
4.14%,
05/15/2039
(d)
$
800
$
777
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
1.30%
MHC
Commercial
Mortgage
Trust
2021-MHC
3.62%,
04/15/2038
(d)
1,200
1,155
1.00
x
1
Month
USD
LIBOR
+
0.80%
MHC
Trust
2021-MHC2
3.67%,
05/15/2038
(d)
400
386
1.00
x
1
Month
USD
LIBOR
+
0.85%
MHP
2021-STOR
3.52%,
07/15/2038
(d)
200
191
1.00
x
1
Month
USD
LIBOR
+
0.70%
MHP
2022-MHIL
3.66%,
01/15/2027
(d)
486
464
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
1
Month
+
0.81%
OPG
Trust
2021-PORT
3.30%,
10/15/2036
(d)
685
648
1.00
x
1
Month
USD
LIBOR
+
0.48%
SREIT
Trust
2021-MFP
3.55%,
11/15/2038
(d)
350
334
1.00
x
1
Month
USD
LIBOR
+
0.73%
TPGI
Trust
2021-DGWD
3.52%,
06/15/2026
(d)
275
263
1.00
x
1
Month
USD
LIBOR
+
0.70%
$
10,722
Computers
-
1
.09
%
Apple
Inc
1.13%,
05/11/2025
1,200
1,101
Dell
International
LLC
/
EMC
Corp
5.45%,
06/15/2023
52
52
Hewlett
Packard
Enterprise
Co
4.45%,
10/02/2023
300
299
$
1,452
Consumer
Products
-
0
.33
%
Avery
Dennison
Corp
0.85%,
08/15/2024
475
440
Diversified
Financial
Services
-
0
.52
%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
1.65%,
10/29/2024
500
457
Capital
One
Financial
Corp
3.90%,
01/29/2024
242
238
$
695
Electric
-
7
.93
%
AES
Corp/The
1.38%,
01/15/2026
400
344
Alliant
Energy
Finance
LLC
1.40%,
03/15/2026
(d)
150
128
3.75%,
06/15/2023
(d)
900
888
American
Electric
Power
Co
Inc
2.03%,
03/15/2024
350
335
3.26%,
11/01/2023
600
597
3
Month
USD
LIBOR
+
0.48%
Black
Hills
Corp
1.04%,
08/23/2024
550
508
4.25%,
11/30/2023
750
747
Dominion
Energy
Inc
3.07%,
08/15/2024
(f)
200
192
3.82%,
09/15/2023
600
597
3
Month
USD
LIBOR
+
0.53%
DTE
Energy
Co
1.05%,
06/01/2025
100
89
2.25%,
11/01/2022
250
250
2.53%,
10/01/2024
(f)
300
285
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Electric
(continued)
Duke
Energy
Corp
0.90%,
09/15/2025
$
250
$
221
Emera
US
Finance
LP
0.83%,
06/15/2024
395
366
Entergy
Louisiana
LLC
0.62%,
11/17/2023
91
87
0.95%,
10/01/2024
500
464
Evergy
Inc
2.45%,
09/15/2024
200
189
Fells
Point
Funding
Trust
3.05%,
01/31/2027
(d)
750
668
Florida
Power
&
Light
Co
3.24%,
05/10/2023
200
199
Secured
Overnight
Financing
Rate
+
0.25%
Fortis
Inc/Canada
3.06%,
10/04/2026
413
376
NextEra
Energy
Capital
Holdings
Inc
3.01%,
11/03/2023
800
793
Secured
Overnight
Financing
Rate
+
0.40%
3.25%,
02/22/2023
200
199
3
Month
USD
LIBOR
+
0.27%
Public
Service
Enterprise
Group
Inc
0.80%,
08/15/2025
400
352
2.88%,
06/15/2024
100
96
Southwestern
Electric
Power
Co
1.65%,
03/15/2026
400
353
Tucson
Electric
Power
Co
3.05%,
03/15/2025
100
96
Vistra
Operations
Co
LLC
3.70%,
01/30/2027
(d)
500
443
Xcel
Energy
Inc
0.50%,
10/15/2023
500
476
1.75%,
03/15/2027
250
216
$
10,554
Entertainment
-
0
.56
%
Warnermedia
Holdings
Inc
4.74%,
03/15/2024
(d)
750
748
Secured
Overnight
Financing
Rate
+
1.78%
Food
-
1
.32
%
Nestle
Holdings
Inc
0.38%,
01/15/2024
(d)
850
804
0.61%,
09/14/2024
(d)
500
463
Pilgrim's
Pride
Corp
5.88%,
09/30/2027
(d)
500
486
$
1,753
Forest
Products
&
Paper
-
0
.27
%
Georgia-Pacific
LLC
1.75%,
09/30/2025
(d)
400
364
Gas
-
0
.27
%
NiSource
Inc
0.95%,
08/15/2025
400
355
Healthcare
-
Products
-
0
.36
%
PerkinElmer
Inc
0.55%,
09/15/2023
500
478
Healthcare
-
Services
-
1
.43
%
Centene
Corp
4.25%,
12/15/2027
500
458
HCA
Inc
5.25%,
06/15/2026
1,000
966
Humana
Inc
0.65%,
08/03/2023
500
483
$
1,907
Home
Builders
-
0
.14
%
DR
Horton
Inc
2.50%,
10/15/2024
200
190
Schedule
of
Investments
Short-Term
Income
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
120
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Home
Furnishings
-
0
.18
%
Panasonic
Holdings
Corp
2.68%,
07/19/2024
(d)
$
250
$
239
Insurance
-
3
.43
%
Athene
Global
Funding
1.72%,
01/07/2025
(d)
400
366
Five
Corners
Funding
Trust
4.42%,
11/15/2023
(d)
750
743
Guardian
Life
Global
Funding
0.88%,
12/10/2025
(d)
500
436
1.10%,
06/23/2025
(d)
550
494
MassMutual
Global
Funding
II
0.85%,
06/09/2023
(d)
500
487
2.75%,
06/22/2024
(d)
500
482
Metropolitan
Life
Global
Funding
I
0.90%,
06/08/2023
(d)
350
341
3.60%,
01/11/2024
(d)
600
591
New
York
Life
Global
Funding
2.00%,
01/22/2025
(d)
200
187
Northwestern
Mutual
Global
Funding
0.80%,
01/14/2026
(d)
500
438
$
4,565
Internet
-
0
.46
%
eBay
Inc
1.40%,
05/10/2026
500
437
Netflix
Inc
4.38%,
11/15/2026
180
170
$
607
Media
-
0
.46
%
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
4.91%,
07/23/2025
292
285
Paramount
Global
4.75%,
05/15/2025
200
196
Sky
Ltd
3.13%,
11/26/2022
(d)
130
130
$
611
Mining
-
0
.47
%
Anglo
American
Capital
PLC
5.38%,
04/01/2025
(d)
400
397
Glencore
Funding
LLC
1.63%,
09/01/2025
(d)
250
225
$
622
Mortgage
Backed
Securities
-
2
.34
%
CHL
Mortgage
Pass-Through
Trust
2003-46
2.54%,
01/19/2034
(f)
9
9
GS
Mortgage-Backed
Securities
Corp
Trust
2020-PJ3
3.00%,
10/25/2050
(d),(f)
4
4
GS
Mortgage-Backed
Securities
Corp
Trust
2021-PJ3
2.50%,
08/25/2051
(d),(f)
121
105
JP
Morgan
Mortgage
Trust
2004-A3
2.78%,
07/25/2034
(f)
6
5
JP
Morgan
Mortgage
Trust
2004-S1
5.00%,
09/25/2034
10
10
JP
Morgan
Mortgage
Trust
2021-1
2.50%,
06/25/2051
(d),(f)
330
287
Morgan
Stanley
Residential
Mortgage
Loan
Trust
2020-1
2.50%,
12/25/2050
(d),(f)
168
146
Oceanview
Mortgage
Trust
2021-3
2.50%,
06/25/2051
(d),(f)
424
364
PHH
Mortgage
Trust
Series
2008-CIM1
4.81%,
06/25/2038
32
29
1.00
x
1
Month
USD
LIBOR
+
2.25%
PSMC
2021-3
Trust
2.50%,
08/25/2051
(d),(f)
835
718
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Mortgage
Backed
Securities
(continued)
Sequoia
Mortgage
Trust
2020-4
2.50%,
11/25/2050
(d),(f)
$
160
$
145
Sequoia
Mortgage
Trust
2021-3
2.50%,
05/25/2051
(d),(f)
417
361
Sequoia
Mortgage
Trust
2021-4
2.50%,
06/25/2051
(d),(f)
618
531
Wells
Fargo
Mortgage
Backed
Securities
2020-2
Trust
3.00%,
12/25/2049
(d),(f)
23
22
Wells
Fargo
Mortgage
Backed
Securities
2020-3
Trust
3.00%,
06/25/2050
(d),(f)
19
18
Wells
Fargo
Mortgage
Backed
Securities
2020-4
Trust
3.00%,
07/25/2050
(d),(f)
244
203
Wells
Fargo
Mortgage
Backed
Securities
2020-5
Trust
2.50%,
09/25/2050
(d),(f)
100
87
Wells
Fargo
Mortgage
Backed
Securities
2021-1
Trust
2.50%,
12/25/2050
(d),(f)
73
63
$
3,107
Office
&
Business
Equipment
-
0
.26
%
CDW
LLC
/
CDW
Finance
Corp
2.67%,
12/01/2026
400
347
Oil
&
Gas
-
0
.85
%
Chevron
USA
Inc
0.43%,
08/11/2023
(h)
300
290
0.69%,
08/12/2025
400
358
Exxon
Mobil
Corp
1.57%,
04/15/2023
150
148
2.99%,
03/19/2025
200
192
Phillips
66
3.85%,
04/09/2025
150
145
$
1,133
Oil
&
Gas
Services
-
0
.15
%
Schlumberger
Holdings
Corp
3.75%,
05/01/2024
(d)
200
196
Other
Asset
Backed
Securities
-
11
.89
%
AMMC
CLO
15
Ltd
3.63%,
01/15/2032
(d)
600
586
1.00
x
3
Month
USD
LIBOR
+
1.12%
Bardot
CLO
Ltd
3.85%,
10/22/2032
(d)
500
486
1.00
x
3
Month
USD
LIBOR
+
1.09%
CCG
Receivables
Trust
2019-2
2.11%,
03/15/2027
(d)
27
27
CCG
Receivables
Trust
2020-1
0.54%,
12/14/2027
(d)
87
85
CCG
Receivables
Trust
2021-1
0.30%,
06/14/2027
(d)
286
276
CF
Hippolyta
Issuer
LLC
1.53%,
03/15/2061
(d)
1,688
1,452
Dewolf
Park
CLO
Ltd
3.43%,
10/15/2030
(d)
1,500
1,467
1.00
x
3
Month
USD
LIBOR
+
0.92%
Fortress
Credit
Opportunities
XVII
CLO
Ltd
3.70%,
01/15/2030
(d)
875
856
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.37%
GreatAmerica
Leasing
Receivables
Funding
LLC
Series
2021-1
0.27%,
06/15/2023
(d)
45
45
KKR
CLO
18
Ltd
3.68%,
07/18/2030
(d)
1,000
981
1.00
x
3
Month
USD
LIBOR
+
0.94%
Schedule
of
Investments
Short-Term
Income
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
121
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Other
Asset
Backed
Securities
(continued)
KKR
Lending
Partners
III
Clo
LLC
4.09%,
10/20/2030
(d)
$
358
$
351
1.00
x
3
Month
USD
LIBOR
+
1.38%
4.26%,
10/20/2030
(d)
400
386
1.00
x
3
Month
USD
LIBOR
+
1.55%
Lake
Shore
MM
CLO
III
LLC
4.22%,
10/17/2031
(d)
1,000
969
1.00
x
3
Month
USD
LIBOR
+
1.48%
Madison
Park
Funding
XVIII
Ltd
3.67%,
10/21/2030
(d)
500
490
1.00
x
3
Month
USD
LIBOR
+
0.94%
Marathon
CLO
X
Ltd
3.91%,
11/15/2029
(d)
218
214
1.00
x
3
Month
USD
LIBOR
+
1.00%
Marathon
CLO
XIII
Ltd
3.83%,
04/15/2032
(d)
500
488
1.00
x
3
Month
USD
LIBOR
+
1.32%
MMAF
Equipment
Finance
LLC
2020-A
0.74%,
04/09/2024
(d)
174
171
MMAF
Equipment
Finance
LLC
2020-B
0.38%,
08/14/2023
(d)
38
38
MVW
2021-1W
LLC
1.14%,
01/22/2041
(d)
63
57
MVW
Owner
Trust
2016-1
2.25%,
12/20/2033
(d)
45
45
MVW
Owner
Trust
2018-1
3.45%,
01/21/2036
(d)
100
98
Oaktree
CLO
2019-4
Ltd
3.83%,
10/20/2032
(d)
1,000
963
1.00
x
3
Month
USD
LIBOR
+
1.12%
Palmer
Square
Loan
Funding
2022-1
Ltd
3.38%,
04/15/2030
(d)
476
467
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.05%
Parliament
Funding
II
ltd
3.96%,
10/20/2031
(d)
400
389
1.00
x
3
Month
USD
LIBOR
+
1.25%
PFS
Financing
Corp
0.71%,
04/15/2026
(d)
250
233
0.97%,
02/15/2026
(d)
350
330
2.23%,
10/15/2024
(d)
750
749
2.47%,
02/15/2027
(d)
1,000
939
Shackleton
2017-X
CLO
Ltd
3.60%,
04/20/2029
(d)
375
367
1.00
x
3
Month
USD
LIBOR
+
0.89%
Stratus
CLO
2021-2
Ltd
3.61%,
12/28/2029
(d)
228
224
1.00
x
3
Month
USD
LIBOR
+
0.90%
TCI-Flatiron
CLO
2016-1
Ltd
3.58%,
01/17/2032
(d)
750
734
1.00
x
CME
Term
Secured
Overnight
Financing
Rate
3
Month
+
1.10%
Trafigura
Securitisation
Finance
PLC
2021-1
1.08%,
01/15/2025
(d)
600
548
Verizon
Owner
Trust
2019-B
2.33%,
12/20/2023
3
4
Voya
2012-4
Ltd
3.51%,
10/15/2030
(d)
250
244
1.00
x
3
Month
USD
LIBOR
+
1.00%
VSE
2018-A
VOI
Mortgage
LLC
3.56%,
02/20/2036
(d)
62
60
$
15,819
Packaging
&
Containers
-
0
.34
%
Graphic
Packaging
International
LLC
0.82%,
04/15/2024
(d)
300
279
1.51%,
04/15/2026
(d)
200
175
$
454
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Pharmaceuticals
-
1
.91
%
AbbVie
Inc
2.60%,
11/21/2024
$
200
$
190
Bayer
US
Finance
II
LLC
3.88%,
12/15/2023
(d)
200
196
Bristol-Myers
Squibb
Co
0.54%,
11/13/2023
300
288
0.75%,
11/13/2025
300
266
Cigna
Corp
0.61%,
03/15/2024
150
141
1.25%,
03/15/2026
800
701
GlaxoSmithKline
Capital
PLC
0.53%,
10/01/2023
500
480
Novartis
Capital
Corp
1.75%,
02/14/2025
300
281
$
2,543
Pipelines
-
1
.51
%
Buckeye
Partners
LP
4.15%,
07/01/2023
400
393
Kinder
Morgan
Inc
3.79%,
01/15/2023
500
501
3
Month
USD
LIBOR
+
1.28%
ONEOK
Partners
LP
5.00%,
09/15/2023
825
822
Southeast
Supply
Header
LLC
4.25%,
06/15/2024
(d)
200
174
TransCanada
PipeLines
Ltd
5.12%,
05/15/2067
150
118
3
Month
USD
LIBOR
+
2.21%
$
2,008
REITs
-
2
.81
%
American
Tower
Trust
#1
3.07%,
03/15/2048
(d)
1,225
1,216
3.65%,
03/15/2048
(d)
270
246
Crown
Castle
Inc
1.35%,
07/15/2025
250
224
CubeSmart
LP
4.00%,
11/15/2025
65
62
Omega
Healthcare
Investors
Inc
4.50%,
01/15/2025
269
262
4.95%,
04/01/2024
250
247
SBA
Tower
Trust
1.63%,
05/15/2051
(d)
500
426
1.88%,
07/15/2050
(d)
125
110
2.33%,
07/15/2052
(d)
653
549
2.84%,
01/15/2050
(d)
225
210
Ventas
Realty
LP
3.50%,
04/15/2024
198
193
$
3,745
Semiconductors
-
0
.29
%
Microchip
Technology
Inc
4.33%,
06/01/2023
200
199
NXP
BV
/
NXP
Funding
LLC
/
NXP
USA
Inc
2.70%,
05/01/2025
200
186
$
385
Software
-
0
.76
%
Oracle
Corp
1.65%,
03/25/2026
300
263
Roper
Technologies
Inc
1.00%,
09/15/2025
300
266
VMware
Inc
0.60%,
08/15/2023
500
482
$
1,011
Student
Loan
Asset
Backed
Securities
-
6
.09
%
Commonbond
Student
Loan
Trust
2018-BGS
3.56%,
09/25/2045
(d)
79
74
Commonbond
Student
Loan
Trust
2018-C-GS
3.87%,
02/25/2046
(d)
91
88
Schedule
of
Investments
Short-Term
Income
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
122
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Student
Loan
Asset
Backed
Securities
(continued)
Commonbond
Student
Loan
Trust
2019-A-GS
2.54%,
01/25/2047
(d)
$
159
$
146
Commonbond
Student
Loan
Trust
2020-A-GS
1.98%,
08/25/2050
(d)
315
280
Commonbond
Student
Loan
Trust
2021-A-GS
1.20%,
03/25/2052
(d)
302
251
Commonbond
Student
Loan
Trust
2021-B-GS
1.17%,
09/25/2051
(d)
388
339
EDvestinU
Private
Education
Loan
Issue
No
3
LLC
1.80%,
11/25/2045
(d)
178
153
Keycorp
Student
Loan
Trust
2000-b
3.09%,
07/25/2029
38
38
1.00
x
3
Month
USD
LIBOR
+
0.31%
KeyCorp
Student
Loan
Trust
2003-A
3.31%,
01/25/2037
42
42
1.00
x
3
Month
USD
LIBOR
+
0.53%
Laurel
Road
Prime
Student
Loan
Trust
2019-A
2.34%,
10/25/2048
(d)
11
11
Navient
Private
Education
Refi
Loan
Trust
2019-A
3.42%,
01/15/2043
(d)
30
29
Navient
Private
Education
Refi
Loan
Trust
2019-G
2.40%,
10/15/2068
(d)
97
90
Navient
Private
Education
Refi
Loan
Trust
2020-D
1.69%,
05/15/2069
(d)
155
140
Navient
Private
Education
Refi
Loan
Trust
2020-F
1.22%,
07/15/2069
(d)
160
144
Navient
Private
Education
Refi
Loan
Trust
2020-G
1.17%,
09/16/2069
(d)
179
160
Navient
Private
Education
Refi
Loan
Trust
2020-H
1.31%,
01/15/2069
(d)
124
112
Navient
Private
Education
Refi
Loan
Trust
2021-A
0.84%,
05/15/2069
(d)
122
107
Navient
Private
Education
Refi
Loan
Trust
2021-B
0.94%,
07/15/2069
(d)
896
771
Navient
Private
Education
Refi
Loan
Trust
2021-c
1.06%,
10/15/2069
(d)
152
130
Navient
Private
Education
Refi
Loan
Trust
2021-E
0.97%,
12/16/2069
(d)
386
324
Navient
Private
Education
Refi
Loan
Trust
2021-F
1.11%,
02/18/2070
(d)
410
346
Navient
Private
Education
Refi
Loan
Trust
2022-A
2.23%,
07/15/2070
(d)
230
203
Nelnet
Student
Loan
Trust
2021-A
1.36%,
04/20/2062
(d)
688
606
Nelnet
Student
Loan
Trust
2021-C
1.32%,
04/20/2062
(d)
222
198
Nelnet
Student
Loan
Trust
2021-D
1.63%,
04/20/2062
(d)
432
391
SLM
Private
Credit
Student
Loan
Trust
2004-A
3.69%,
06/15/2033
52
51
1.00
x
3
Month
USD
LIBOR
+
0.40%
SLM
Private
Credit
Student
Loan
Trust
2004-B
3.62%,
03/15/2024
55
55
1.00
x
3
Month
USD
LIBOR
+
0.33%
SLM
Private
Credit
Student
Loan
Trust
2006-A
3.58%,
06/15/2039
427
401
1.00
x
3
Month
USD
LIBOR
+
0.29%
BONDS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
Student
Loan
Asset
Backed
Securities
(continued)
SLM
Private
Credit
Student
Loan
Trust
2006-B
3.49%,
12/15/2039
$
170
$
161
1.00
x
3
Month
USD
LIBOR
+
0.20%
SMB
Private
Education
Loan
Trust
2021-A
1.07%,
01/15/2053
(d)
195
166
SMB
Private
Education
Loan
Trust
2021-B
1.31%,
07/17/2051
(d)
446
397
SMB
Private
Education
Loan
Trust
2021-D
1.34%,
03/17/2053
(d)
798
701
SMB
Private
Education
Loan
Trust
2021-E
1.68%,
02/15/2051
(d)
581
520
SMB
Private
Education
Loan
Trust
2022-C
4.48%,
05/16/2050
(d)
500
479
$
8,104
Telecommunications
-
2
.35
%
AT&T
Inc
1.70%,
03/25/2026
600
534
3.80%,
02/15/2023
250
250
3
Month
USD
LIBOR
+
0.89%
Crown
Castle
Towers
LLC
3.66%,
05/15/2045
(d)
100
97
4.24%,
07/15/2048
(d)
290
265
NTT
Finance
Corp
0.37%,
03/03/2023
(d)
200
197
Sprint
Spectrum
Co
LLC
/
Sprint
Spectrum
Co
II
LLC
/
Sprint
Spectrum
Co
III
LLC
4.74%,
03/20/2025
(d)
719
708
5.15%,
03/20/2028
(d)
500
489
Verizon
Communications
Inc
3.77%,
03/20/2026
600
588
Secured
Overnight
Financing
Rate
+
0.79%
$
3,128
Transportation
-
0
.51
%
Canadian
Pacific
Railway
Co
1.35%,
12/02/2024
350
324
Ryder
System
Inc
1.75%,
09/01/2026
400
353
$
677
Trucking
&
Leasing
-
0
.14
%
Penske
Truck
Leasing
Co
Lp
/
PTL
Finance
Corp
3.45%,
07/01/2024
(d)
200
192
TOTAL
BONDS
$
117,560
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
-
8
.54
%
Principal
Amount
(000's)
Value
(000's)
Federal
Home
Loan
Mortgage
Corporation
(FHLMC)
-
0
.00
%
3.04%,
09/01/2035
$
6
$
6
1.00
x
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.25%
Federal
National
Mortgage
Association
(FNMA)
-
0
.03
%
2.02%,
12/01/2032
3
3
1.00
x
12
Month
USD
LIBOR
+
1.64%
2.13%,
01/01/2035
3
3
1.00
x
12
Month
USD
LIBOR
+
1.75%
2.62%,
04/01/2033
10
10
1.00
x
6
Month
USD
LIBOR
+
1.51%
2.83%,
02/01/2037
9
9
1.00
x
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
1
Year
+
2.07%
3.31%,
02/01/2035
2
2
1.00
x
6
Month
USD
LIBOR
+
2.06%
3.81%,
08/01/2034
2
2
1.00
x
12
Month
USD
LIBOR
+
1.63%
3.83%,
07/01/2034
3
4
1.00
x
12
Month
USD
LIBOR
+
1.58%
8.00%,
05/01/2027
1
1
$
34
Schedule
of
Investments
Short-Term
Income
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
123
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
(continued)
Principal
Amount
(000’s)
Value
(000’s)
U.S.
Treasury
-
8
.51
%
0.25%,
07/31/2025
$
3,250
$
2,905
0.38%,
04/15/2024
1,000
942
0.63%,
03/31/2027
5,000
4,289
0.88%,
06/30/2026
3,600
3,187
$
11,323
TOTAL
U.S.
GOVERNMENT
&
GOVERNMENT
AGENCY
OBLIGATIONS
$
11,363
Total
Investments
$
133,628
Other
Assets
and
Liabilities
- (0.41)%
(
549
)
TOTAL
NET
ASSETS
-
100.00%
$
133,079
(a)
Current
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$294
or
0.22%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$66,864
or
50.24%
of
net
assets.
(e)
Rate
shown
is
as
of
period
end.
The
rate
may
be
a
variable
or
floating
rate
or
a
fixed
rate
which
may
convert
to
a
variable
or
floating
rate
in
the
future.
(f)
Certain
variable
rate
securities
are
not
based
on
a
published
reference
rate
and
spread
but
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions. These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Rate
shown
is
the
rate
in
effect
as
of
period
end.
(g)
Security
is
an
Interest
Only
Strip.
(h)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$287
or
0.22%
of
net
assets.
Portfolio
Summary (unaudited)
Sector
Percent
Asset
Backed
Securities
27
.52
%
Financial
23
.30
%
Mortgage
Securities
10
.43
%
Government
8
.51
%
Utilities
8
.20
%
Consumer,
Non-cyclical
7
.00
%
Money
Market
Funds
3
.53
%
Communications
3
.27
%
Energy
2
.51
%
Technology
2
.40
%
Industrial
1
.40
%
Consumer,
Cyclical
1
.27
%
Basic
Materials
1
.07
%
Other
Assets
and
Liabilities
(
0
.41
)
%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
1,991
$
57,563
$
55,143
$
4,411
$
1,991
$
57,563
$
55,143
$
4,411
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
14
$
—
$
—
$
—
$
14
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Futures
Contracts
Description
and
Expiration
Date
Type
Contracts
Notional
Amount
Value
and
Unrealized
Appreciation/(Depreciation)
US
5
Year
Note;
December
2022
Long
34
$
3,655
$
(
87
)
Total
$
(
87
)
Amounts
in
thousands
except
contracts.
Schedule
of
Investments
SmallCap
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
124
INVESTMENT
COMPANIES
-
4
.63
%
Shares
Held
Value
(000's)
Money
Market
Funds
-
4
.63
%
BlackRock
Liquidity
FedFund
-
Institutional
Class
2.77%
(a),(b)
4,489,347
$
4,489
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(c)
2,962,793
2,963
$
7,452
TOTAL
INVESTMENT
COMPANIES
$
7,452
COMMON
STOCKS
-
98
.40
%
Shares
Held
Value
(000's)
Aerospace
&
Defense
-
0
.90
%
AAR
Corp
(d)
40,300
$
1,444
Agriculture
-
1
.88
%
Darling
Ingredients
Inc
(d)
39,600
2,619
Vital
Farms
Inc
(d)
34,400
412
$
3,031
Airlines
-
0
.18
%
Sun
Country
Airlines
Holdings
Inc
(d)
21,400
291
Automobile
Parts
&
Equipment
-
0
.71
%
Visteon
Corp
(d)
10,700
1,135
Banks
-
10
.17
%
Ameris
Bancorp
41,400
1,851
BancFirst
Corp
9,200
823
Bancorp
Inc/The
(d)
46,500
1,022
Enterprise
Financial
Services
Corp
22,500
991
First
Foundation
Inc
32,200
584
First
Interstate
BancSystem
Inc
35,800
1,445
First
Merchants
Corp
27,300
1,056
FNB
Corp/PA
115,700
1,342
Independent
Bank
Corp
4,202
313
Independent
Bank
Corp/MI
19,800
378
Lakeland
Bancorp
Inc
24,000
384
Popular
Inc
17,100
1,232
Sandy
Spring
Bancorp
Inc
17,200
607
United
Community
Banks
Inc/GA
69,120
2,288
Webster
Financial
Corp
45,108
2,039
$
16,355
Biotechnology
-
5
.16
%
ADC
Therapeutics
SA
(d)
40,500
195
Allogene
Therapeutics
Inc
(d),(e)
26,300
284
Cellectis
SA
ADR
(d)
75,000
172
ChemoCentryx
Inc
(d)
21,000
1,085
Denali
Therapeutics
Inc
(d)
27,200
835
Design
Therapeutics
Inc
(d),(e)
26,200
438
Horizon
Therapeutics
Plc
(d)
24,300
1,504
Immunocore
Holdings
PLC
ADR
(d)
18,700
878
Insmed
Inc
(d)
44,100
950
Iovance
Biotherapeutics
Inc
(d)
40,300
386
MacroGenics
Inc
(d)
28,700
99
Olink
Holding
AB
ADR
(d),(e)
34,400
418
Seagen
Inc
(d)
7,700
1,053
$
8,297
Building
Materials
-
1
.51
%
Builders
FirstSource
Inc
(d)
16,300
961
Modine
Manufacturing
Co
(d)
45,300
586
Summit
Materials
Inc
(d)
36,600
877
$
2,424
Chemicals
-
0
.23
%
Koppers
Holdings
Inc
18,100
376
Commercial
Services
-
3
.77
%
ABM
Industries
Inc
42,400
1,621
AMN
Healthcare
Services
Inc
(d)
12,800
1,356
Cross
Country
Healthcare
Inc
(d)
23,780
675
First
Advantage
Corp
(d)
36,100
463
ICF
International
Inc
9,800
1,068
Medifast
Inc
5,600
607
Paymentus
Holdings
Inc
(d),(e)
29,100
283
$
6,073
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Computers
-
2
.54
%
ExlService
Holdings
Inc
(d)
17,100
$
2,520
KnowBe4
Inc
(d)
74,979
1,560
$
4,080
Consumer
Products
-
0
.50
%
Central
Garden
&
Pet
Co
-
A
Shares
(d)
23,620
807
Cosmetics
&
Personal
Care
-
0
.60
%
Beauty
Health
Co/The
(d)
82,100
968
Distribution
&
Wholesale
-
2
.35
%
Core
&
Main
Inc
(d)
46,700
1,062
Titan
Machinery
Inc
(d)
26,300
743
WESCO
International
Inc
(d)
16,600
1,982
$
3,787
Diversified
Financial
Services
-
4
.67
%
Encore
Capital
Group
Inc
(d)
31,700
1,442
Flywire
Corp
(d)
35,100
806
Focus
Financial
Partners
Inc
(d)
42,400
1,336
Janus
Henderson
Group
PLC
23,400
475
Lazard
Ltd
(e)
16,500
525
Moelis
&
Co
11,100
375
Piper
Sandler
Cos
8,883
931
Stifel
Financial
Corp
20,900
1,085
StoneX
Group
Inc
(d)
6,453
535
$
7,510
Electric
-
2
.28
%
Brookfield
Renewable
Corp
47,100
1,539
Portland
General
Electric
Co
48,800
2,121
$
3,660
Electrical
Components
&
Equipment
-
0
.70
%
EnerSys
19,400
1,129
Electronics
-
3
.61
%
Advanced
Energy
Industries
Inc
21,400
1,657
Atkore
Inc
(d)
17,300
1,346
Mirion
Technologies
Inc
(d),(e)
64,900
485
Mirion
Technologies
Inc
-
Warrants
(d)
45,150
67
TD
SYNNEX
Corp
13,600
1,104
Vishay
Intertechnology
Inc
64,700
1,151
$
5,810
Energy
-
Alternate
Sources
-
0
.42
%
Array
Technologies
Inc
(d)
40,800
676
Engineering
&
Construction
-
2
.36
%
Dycom
Industries
Inc
(d)
24,730
2,362
MYR
Group
Inc
(d)
13,900
1,178
Tutor
Perini
Corp
(d)
45,486
251
$
3,791
Entertainment
-
2
.31
%
Caesars
Entertainment
Inc
(d)
27,900
900
Golden
Entertainment
Inc
(d)
43,100
1,504
Vail
Resorts
Inc
6,100
1,315
$
3,719
Food
-
0
.96
%
Performance
Food
Group
Co
(d)
36,018
1,547
Gas
-
1
.30
%
Southwest
Gas
Holdings
Inc
29,900
2,086
Hand
&
Machine
Tools
-
1
.24
%
Regal
Rexnord
Corp
14,187
1,991
Healthcare
-
Products
-
3
.03
%
Adaptive
Biotechnologies
Corp
(d)
39,900
284
Castle
Biosciences
Inc
(d)
47,400
1,236
Natera
Inc
(d)
29,100
1,275
Nevro
Corp
(d)
19,500
909
STAAR
Surgical
Co
(d)
16,500
1,164
$
4,868
Healthcare
-
Services
-
4
.78
%
Addus
HomeCare
Corp
(d)
18,000
1,714
Amedisys
Inc
(d)
17,000
1,645
Aveanna
Healthcare
Holdings
Inc
(d)
93,900
141
LifeStance
Health
Group
Inc
(d)
127,300
843
Schedule
of
Investments
SmallCap
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
125
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Healthcare
-
Services
(continued)
Signify
Health
Inc
(d)
62,400
$
1,819
Syneos
Health
Inc
(d)
29,300
1,381
Teladoc
Health
Inc
(d)
5,900
150
$
7,693
Holding
Companies
-
Diversified
-
0
.00
%
Cazoo
Group
Ltd
-
Warrants
(d)
21,550
1
Home
Builders
-
1
.05
%
Taylor
Morrison
Home
Corp
(d)
72,500
1,691
Insurance
-
2
.27
%
CNO
Financial
Group
Inc
40,400
726
Hanover
Insurance
Group
Inc/The
15,000
1,922
Primerica
Inc
4,500
556
Reinsurance
Group
of
America
Inc
3,600
453
$
3,657
Internet
-
0
.17
%
Lulu's
Fashion
Lounge
Holdings
Inc
(d),(e)
57,400
268
Iron
&
Steel
-
0
.89
%
Commercial
Metals
Co
40,400
1,433
Leisure
Products
&
Services
-
0
.84
%
Life
Time
Group
Holdings
Inc
(d)
111,000
1,082
Lindblad
Expeditions
Holdings
Inc
(d)
38,900
263
$
1,345
Lodging
-
0
.21
%
Sonder
Holdings
Inc
(d)
207,000
344
Machinery
-
Diversified
-
1
.86
%
Chart
Industries
Inc
(d)
11,300
2,083
Zurn
Elkay
Water
Solutions
Corp
37,000
907
$
2,990
Media
-
1
.04
%
World
Wrestling
Entertainment
Inc
23,900
1,677
Mining
-
0
.50
%
Alcoa
Corp
11,720
395
Piedmont
Lithium
Inc
(d)
7,800
417
$
812
Miscellaneous
Manufacturers
-
0
.66
%
Hillenbrand
Inc
29,000
1,065
Oil
&
Gas
-
3
.29
%
California
Resources
Corp
50,300
1,933
PDC
Energy
Inc
34,800
2,011
Pioneer
Natural
Resources
Co
6,253
1,354
$
5,298
Oil
&
Gas
Services
-
1
.75
%
ChampionX
Corp
89,700
1,755
NexTier
Oilfield
Solutions
Inc
(d)
142,300
1,053
$
2,808
Packaging
&
Containers
-
0
.60
%
Graphic
Packaging
Holding
Co
49,100
969
Pharmaceuticals
-
1
.15
%
Collegium
Pharmaceutical
Inc
(d)
49,100
787
Dexcom
Inc
(d)
8,400
676
PMV
Pharmaceuticals
Inc
(d),(e)
32,600
388
$
1,851
REITs
-
6
.51
%
Agree
Realty
Corp
36,400
2,460
Cousins
Properties
Inc
58,501
1,366
First
Industrial
Realty
Trust
Inc
46,200
2,070
Ladder
Capital
Corp
79,000
708
Pebblebrook
Hotel
Trust
132,820
1,927
Rexford
Industrial
Realty
Inc
37,200
1,935
$
10,466
Retail
-
5
.99
%
BJ's
Wholesale
Club
Holdings
Inc
(d)
32,800
2,388
Bloomin'
Brands
Inc
53,400
979
Caleres
Inc
81,000
1,962
Petco
Health
&
Wellness
Co
Inc
(d)
51,450
574
Portillo's
Inc
(d),(e)
42,300
833
Rush
Enterprises
Inc
-
Class
A
30,400
1,333
COMMON
STOCKS
(continued)
Shares
Held
Value
(000’s)
Retail
(continued)
Sally
Beauty
Holdings
Inc
(d)
69,700
$
878
World
Fuel
Services
Corp
29,300
687
$
9,634
Savings
&
Loans
-
0
.59
%
Provident
Financial
Services
Inc
48,300
942
Semiconductors
-
2
.42
%
Allegro
MicroSystems
Inc
(d)
72,000
1,573
Entegris
Inc
16,300
1,353
MKS
Instruments
Inc
4,140
342
SiTime
Corp
(d)
8,000
630
$
3,898
Software
-
6
.80
%
Aspen
Technology
Inc
(d)
3,644
868
Bentley
Systems
Inc
10,600
324
Concentrix
Corp
13,600
1,518
DigitalOcean
Holdings
Inc
(d)
27,500
995
DoubleVerify
Holdings
Inc
(d)
29,056
795
Doximity
Inc
(d),(e)
17,800
538
Jamf
Holding
Corp
(d)
27,700
614
Manhattan
Associates
Inc
(d)
16,200
2,155
Privia
Health
Group
Inc
(d)
47,800
1,628
Sophia
Genetics
SA
(d)
25,101
66
Sprout
Social
Inc
(d)
23,700
1,438
$
10,939
Telecommunications
-
0
.36
%
Credo
Technology
Group
Holding
Ltd
(d),(e)
52,475
577
Transportation
-
1
.29
%
Atlas
Air
Worldwide
Holdings
Inc
(d)
11,375
1,087
Hub
Group
Inc
(d)
14,400
993
$
2,080
TOTAL
COMMON
STOCKS
$
158,293
Total
Investments
$
165,745
Other
Assets
and
Liabilities
- (3.03)%
(
4,870
)
TOTAL
NET
ASSETS
-
100.00%
$
160,875
(a)
Current
yield
shown
is
as
of
period
end.
(b)
Security
or
a
portion
of
the
security
was
received
as
collateral
for
securities
lending.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$4,489
or
2.79%
of
net
assets.
(c)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(d)
Non-income
producing
security
(e)
Security
or
a
portion
of
the
security
was
on
loan. At
the
end
of
the
period,
the
value
of
these
securities
totaled
$4,291
or
2.67%
of
net
assets.
Portfolio
Summary (unaudited)
Sector
Percent
Financial
24
.21
%
Consumer,
Non-cyclical
21
.83
%
Industrial
14
.73
%
Consumer,
Cyclical
13
.64
%
Technology
11
.76
%
Energy
5
.46
%
Money
Market
Funds
4
.63
%
Utilities
3
.58
%
Basic
Materials
1
.62
%
Communications
1
.57
%
Diversified
0
.00
%
Other
Assets
and
Liabilities
(
3
.03
)
%
TOTAL
NET
ASSETS
100.00%
Schedule
of
Investments
SmallCap
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
126
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
7,998
$
83,813
$
88,848
$
2,963
$
7,998
$
83,813
$
88,848
$
2,963
Income
(a)
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
23
$
—
$
—
$
—
$
23
$
—
$
—
$
—
Amounts
in
thousands.
(a)
Amount
excludes
earnings
from
securities
lending
collateral.
Schedule
of
Investments
U.S.
LargeCap
Buffer
July
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
127
INVESTMENT
COMPANIES
-
84.88%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
84.75%
iShares
Core
S&P
500
ETF
(a)
31,776
$
11,397
SPDR
Portfolio
S&P
500
ETF
(a)
70,662
2,967
SPDR
S&P
500
ETF
Trust
(a)
6,373
2,276
Vanguard
S&P
500
ETF
(a)
10,417
3,420
$
20,060
Money
Market
Funds
-
0.13%
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(b),(c)
30,399
30
TOTAL
INVESTMENT
COMPANIES
$
20,090
TOTAL
PURCHASED
OPTIONS
-
22.33%
$
5,285
Total
Investments
$
25,375
Other
Assets
and
Liabilities
- (7.21)%
(1,707)
TOTAL
NET
ASSETS
-
100.00%
$
23,668
(a)
Security
or
a
portion
of
the
security
was
pledged
to
cover
margin
requirements
for
options
contracts.
At
the
end
of
the
period,
the
value
of
these
securities
totaled
$7,776
or
32.86%
of
net
assets.
(b)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(c)
Current
yield
shown
is
as
of
period
end.
Portfolio
Summary (unaudited)
Sector
Percent
Investment
Companies
84.75%
Purchased
Options
22.33%
Money
Market
Funds
0.13%
Other
Assets
and
Liabilities
(7.21)%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
—
$
16,073
$
16,043
$
30
$
—
$
16,073
$
16,043
$
30
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
2
$
—
$
—
$
—
$
2
$
—
$
—
$
—
Amounts
in
thousands.
Options
Purchased
Options
Outstanding
Counterparty
Contracts/
Shares
Notional
Amount
Exercise
Price
Expiration
Date
Upfront
Payments
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
S&P
500
Mini
Index
(a)
N/A
82
$
8
$
3.79
07/03/2023
$
3,120
$
2,877
$
(243)
Put
-
S&P
500
Mini
Index
(a)
N/A
650
65
$
378.54
07/03/2023
2,006
2,408
402
Total
$
5,126
$
5,285
$
159
Written
Options
Outstanding
Counterparty
Contracts/
Shares
Notional
Amount
Exercise
Price
Expiration
Date
Upfront
Receipts
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
S&P
500
Mini
Index
(a)
N/A
215
$
22
$
416.39
07/03/2023
$
(507)
$
(220)
$
287
Put
-
S&P
500
Mini
Index
(a)
N/A
650
65
$
340.69
07/03/2023
(1,237)
(1,455)
(218)
Total
$
(1,744)
$
(1,675)
$
69
Amounts
in
thousands
except
contracts/shares.
(a)
FLEX
Options
which
are
customized
exchange-traded
option
contracts.
Schedule
of
Investments
U.S.
LargeCap
Buffer
October
Account
September
30,
2022
(unaudited)
See
accompanying
notes.
128
INVESTMENT
COMPANIES
-
163.38%
Shares
Held
Value
(000's)
Exchange-Traded
Funds
-
75.44%
iShares
Core
S&P
500
ETF
22,109
$
7,930
SPDR
Portfolio
S&P
500
ETF
49,083
2,061
SPDR
S&P
500
ETF
Trust
4,435
1,584
Vanguard
S&P
500
ETF
7,240
2,377
$
13,952
Money
Market
Funds
-
87.94%
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
(a),(b)
16,262,479
16,262
TOTAL
INVESTMENT
COMPANIES
$
30,214
TOTAL
PURCHASED
OPTIONS
-
18.05%
$
3,337
Total
Investments
$
33,551
Other
Assets
and
Liabilities
- (81.43)%
(15,058)
TOTAL
NET
ASSETS
-
100.00%
$
18,493
(a)
Affiliated
Security.
Security
is
either
an
affiliate
(and
registered
under
the
Investment
Company
Act
of
1940,
as
amended,
(the
"1940
Act"))
or
an
affiliate
as
defined
by
the
1940
Act
(controls
5.00%
or
more
of
the
outstanding
voting
shares
of
the
security).
Please
see
Affiliated
Securities
sub-schedule
for
transactional
information.
(b)
Current
yield
shown
is
as
of
period
end.
Portfolio
Summary (unaudited)
Sector
Percent
Money
Market
Funds
87.94%
Investment
Companies
75.44%
Purchased
Options
18.05%
Other
Assets
and
Liabilities
(81.43)%
TOTAL
NET
ASSETS
100.00%
Affiliated
Securities
December
31,
2021
Purchases
Sales
September
30,
2022
Value
Cost
Proceeds
Value
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
—
$
16,262
$
—
$
16,262
$
—
$
16,262
$
–
$
16,262
Income
Realized
Gain/(Loss)
on
Investments
Realized
Gain
from
Capital
Gain
Distributions
Change
in
Unrealized
Gain/
(Loss)
Principal
Government
Money
Market
Fund
-
Institutional
Class
2.80%
$
1
$
—
$
—
$
—
$
1
$
—
$
—
$
—
Amounts
in
thousands.
Options
Purchased
Options
Outstanding
Counterparty
Contracts/
Shares
Notional
Amount
Exercise
Price
Expiration
Date
Upfront
Payments
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
S&P
500
Mini
Index
(a)
N/A
55
$
6
$
3.59
10/02/2023
$
1,922
$
1,924
$
2
Put
-
S&P
500
Mini
Index
(a)
N/A
450
45
$
358.56
10/02/2023
1,426
1,413
(13)
Total
$
3,348
$
3,337
$
(11)
Written
Options
Outstanding
Counterparty
Contracts/
Shares
Notional
Amount
Exercise
Price
Expiration
Date
Upfront
Receipts
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Call
-
S&P
500
Mini
Index
(a)
N/A
113
$
11
$
394.42
10/02/2023
$
(263)
$
(260)
$
3
Put
-
S&P
500
Mini
Index
(a)
N/A
450
45
$
322.70
10/02/2023
(902)
(906)
(4)
Total
$
(1,165)
$
(
1,166)
$
(1)
Amounts
in
thousands
except
contracts/shares.
(a)
FLEX
Options
which
are
customized
exchange-traded
option
contracts.
Glossary
to
the
Schedule
of
Investments
September
30,
2022
(unaudited)
See
accompanying
notes.
129
Currency
Abbreviations
USD/$
United
States
Dollar
September
30,
2022
(unaudited)
130
Security
Valuation.
Blue
Chip
Account,
Bond
Market
Index
Account,
Core
Plus
Bond
Account,
Diversified
Balanced
Account,
Diversified
Balanced
Managed
Volatility
Account,
Diversified
Balanced
Volatility
Control
Account,
Diversified
Growth
Account,
Diversified
Growth
Managed
Volatility
Account,
Diversified
Growth
Volatility
Control
Account,
Diversified
Income
Account,
Diversified
International
Account,
Equity
Income
Account,
Government
&
High
Quality
Bond
Account,
International
Emerging
Markets
Account,
LargeCap
Growth
Account
I,
LargeCap
S&P
500
Index
Account,
LargeCap
S&P
500
Managed
Volatility
Index
Account,
MidCap
Account,
Principal
Capital
Appreciation
Account,
Principal
LifeTime
2010
Account,
Principal
LifeTime
2020
Account,
Principal
LifeTime
2030
Account,
Principal
LifeTime
2040
Account,
Principal
LifeTime
2050
Account,
Principal
LifeTime
2060
Account,
Principal
LifeTime
Strategic
Income
Account,
Real
Estate
Securities
Account,
SAM
Balanced
Portfolio,
SAM
Conservative
Balanced
Portfolio,
SAM
Conservative
Growth
Portfolio,
SAM
Flexible
Income
Portfolio,
SAM
Strategic
Growth
Portfolio,
Short-Term
Income
Account
and
SmallCap
Account
known
as
"the
Funds”,
may
invest
in
other
series
of
Principal
Variable
Contracts
Funds,
Inc.
(the
“Fund”)
and
Principal
Funds,
Inc.
and
other
investment
funds,
which
may
include
exchange-traded
funds,
money
market
funds
and
other
registered
open-end
investment
companies.
Investments
in
registered
open
end
investment
companies,
other
than
exchange-traded
funds,
are
valued
at
the
respective
fund’s
closing
net
asset
value
per
share
on
the
day
of
valuation.
The
Funds
value
securities,
including
exchange-traded
fund,
for
which
market
quotations
are
readily
available
at
fair
value,
which
is
determined
using
the
last
reported
sale
price.
If
no
sales
are
reported,
as
is
regularly
the
case
for
some
securities
traded
over-the-counter,
securities
are
valued
using
the
last
reported
bid
price
or
an
evaluated
bid
price
provided
by
a
pricing
service.
Pricing
services
use
modeling
techniques
that
incorporate
security
characteristics
such
as
current
quotations
by
broker/dealers,
coupon,
maturity,
quality,
type
of
issue,
trading
characteristics,
other
yield
and
risk
factors,
and
other
market
conditions
to
determine
an
evaluated
bid
price,
or
in
the
case
of
certain
credit
default
swaps,
a
mean
price
provided
by
a
pricing
service.
When
reliable
market
quotations
are
not
considered
to
be
readily
available,
which
may
be
the
case,
for
example,
with
respect
to
restricted
securities,
certain
debt
securities,
preferred
stocks
and
foreign
securities,
the
investments
are
valued
at
their
fair
value
as
determined
in
good
faith
by
Principal
Global
Investors,
LLC
(the
“Manager”)
under
procedures
established
and
periodically
reviewed
by
the
Fund’s
Board
of
Directors.
The
value
of
foreign
securities
used
in
computing
the
net
asset
value
per
share
is
generally
determined
as
of
the
close
of
the
foreign
exchange
where
the
security
is
principally
traded.
Events
that
occur
after
the
close
of
the
applicable
foreign
market
or
exchange
but
prior
to
the
calculation
of
the
Funds’
net
asset
value
are
reflected
in
the
Funds’
net
asset
value
and
these
securities
are
valued
at
fair
value.
Many
factors,
provided
by
independent
pricing
services,
are
reviewed
in
the
course
of
making
a
good
faith
determination
of
a
security’s
fair
value,
including,
but
not
limited
to,
price
movements
in
American
Depository
Receipts
(“ADRs”),
futures
contracts,
industry
indices,
general
indices,
and
foreign
currencies.
To
the
extent
the
Funds
invests
in
foreign
securities
listed
on
foreign
exchanges
which
trade
on
days
on
which
the
Funds
do
not
determine
net
asset
value,
for
example
weekends
and
other
customary
national
U.S.
holidays,
the
Funds
net
asset
value
could
be
significantly
affected
on
days
when
shareholders
cannot
purchase
or
redeem
shares.
Certain
securities
issued
by
companies
in
emerging
market
countries
may
have
more
than
one
quoted
valuation
at
any
given
point
in
time,
sometimes
referred
to
as
a
"local"
price
and
a
"premium"
price.
The
premium
price
is
often
a
negotiated
price,
which
may
not
consistently
represent
a
price
at
which
a
specific
transaction
can
be
affected.
It
is
the
policy
of
the
Fund
to
value
such
securities
at
prices
at
which
it
is
expected
those
shares
may
be
sold,
and
the
Manager
or
any
Sub-Advisor
is
authorized
to
make
such
determinations
subject
to
such
oversight
by
the
Board
as
may
occasionally
be
necessary.
Fair
value
is
defined
as
the
price
that
the
Funds
would
receive
upon
selling
a
security
in
a
timely
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
of
the
security
at
the
measurement
date.
In
determining
fair
value,
the
Funds
may
use
one
or
more
of
the
following
approaches:
market,
income
and/or
cost.
A
hierarchy
for
inputs
is
used
in
measuring
fair
value
that
maximizes
the
use
of
observable
inputs
and
minimizes
the
use
of
unobservable
inputs
by
requiring
that
the
most
observable
inputs
be
used
when
available.
Observable
inputs
are
inputs
that
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability
developed
based
on
market
data
obtained
from
sources
independent
of
the
Fund.
Unobservable
inputs
are
inputs
that
reflect
the
Fund’s
own
estimates
about
the
estimates
market
participants
would
use
in
pricing
the
asset
or
liability
developed
based
on
the
best
information
available
in
the
circumstances.
September
30,
2022
(unaudited)
131
The
three-tier
hierarchy
of
inputs
is
summarized
in
the
three
broad
levels
listed
below.
Level
1
–
Quoted
prices
are
available
in
active
markets
for
identical
securities
as
of
the
reporting
date.
Investments
which
are
generally
included
in
this
category
include
listed
equities
and
listed
derivatives.
Level
2
–
Other
significant
observable
inputs
(including
quoted
prices
for
similar
investments,
interest
rates,
prepayment
speeds,
credit
risk,
etc.)
Investments
which
are
generally
included
in
this
category
include
certain
foreign
equities,
corporate
bonds,
municipal
bonds,
OTC
derivatives,
senior
floating
rate
interests,
and
US
Government
and
Government
Agency
Obligations.
Level
3
–
Significant
unobservable
inputs
(including
the
Funds’
assumptions
in
determining
the
fair
value
of
investments).
Investments
which
are
generally
included
in
this
category
include
certain
common
stocks,
convertible
preferred
stocks,
corporate
bonds,
preferred
stocks,
or
senior
floating
rate
interests.
The
availability
of
observable
inputs
can
vary
from
security
to
security
and
is
affected
by
a
wide
variety
of
factors,
including,
for
example,
the
type
of
security,
whether
the
security
is
new
and
not
yet
established
in
the
market
place,
and
other
characteristics
particular
to
the
transaction.
To
the
extent
that
valuation
is
based
on
models
or
inputs
that
are
less
observable
or
unobservable
in
the
market,
the
determination
of
fair
value
requires
more
judgment.
Accordingly,
the
degree
of
judgment
exercised
by
the
Funds
in
determining
fair
value
is
greatest
for
instruments
categorized
in
Level
3.
In
certain
cases,
the
inputs
used
to
measure
fair
value
may
fall
into
different
levels
of
the
fair
value
hierarchy.
In
such
cases,
for
disclosure
purposes,
the
level
in
the
fair
value
hierarchy
within
which
the
fair
value
measurement
in
its
entirety
falls
is
determined
based
on
the
lowest
level
input
that
is
significant
to
the
fair
value
measurement
in
its
entirety.
Fair
value
is
a
market-based
measure
considered
from
the
perspective
of
a
market
participant
who
holds
the
asset
rather
than
an
entity
specific
measure.
Therefore,
even
when
market
assumptions
are
not
readily
available,
the
Funds’
own
assumptions
are
set
to
reflect
those
that
market
participants
would
use
in
pricing
the
asset
or
liability
at
the
measurement
date.
The
Funds
uses
prices
and
inputs
that
are
current
as
of
the
measurement
date,
when
available.
Investments
which
are
included
in
the
Level
3
category
may
be
valued
using
quoted
prices
from
brokers
and
dealers
participating
in
the
market
for
these
investments.
These
investments
are
classified
as
Level
3
investments
due
to
the
lack
of
market
transparency
and
market
corroboration
to
support
these
quoted
prices.
Valuation
models
may
be
used
as
the
pricing
source
for
other
investments
classified
as
Level
3.
Benchmark
pricing
procedures
set
the
base
price
of
a
security
based
on
current
market
data.
The
base
price
may
be
a
broker-dealer
quote,
transaction
price,
or
internal
value
based
on
relevant
market
data.
The
fair
values
of
these
securities
are
dependent
on
economic,
political,
and
other
considerations.
The
values
of
such
securities
may
be
affected
by
significant
changes
in
the
economic
conditions,
changes
in
government
policies,
and
other
factors
(e.g.,
natural
disasters,
pandemics,
accidents,
conflicts,
etc.).
The
following
is
a
summary
of
the
inputs
used
as
of
September
30,
2022
in
valuing
the
Funds’
securities
carried
at
fair
value
(amounts
in
thousands):
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Blue
Chip
Account
Common
Stocks*
$
7,479
$
—
$
—
$
7,479
Investment
Companies
5
—
—
5
Total
investments
in
securities
$
7,484
$
—
$
—
$
7,484
Bond
Market
Index
Account
Bonds*
—
672,641
—
672,641
Investment
Companies
126,190
—
—
126,190
Municipal
Bonds*
—
12,985
—
12,985
U.S.
Government
&
Government
Agency
Obligations*
—
1,543,839
—
1,543,839
Total
investments
in
securities
$
126,190
$
2,229,465
$
—
$
2,355,655
September
30,
2022
(unaudited)
132
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Core
Plus
Bond
Account
Bonds*
$
—
$
97,695
$
—
$
97,695
Common
Stocks
Energy
—
22
—
22
Investment
Companies
9,449
—
—
9,449
Senior
Floating
Rate
Interests*
—
1,737
—
1,737
U.S.
Government
&
Government
Agency
Obligations*
—
99,235
—
99,235
Total
investments
in
securities
$
9,449
$
198,689
$
—
$
208,138
Derivative
Assets
Credit
Contracts
Exchange
Cleared
Credit
Default
Swaps**
—
414
—
414
Interest
Rate
Contracts
Futures**
55
—
—
55
Derivative
Liabilities
Interest
Rate
Contracts
Futures**
(486)
—
—
(486)
Diversified
Balanced
Account
Investment
Companies
734,786
—
—
734,786
Total
investments
in
securities
$
734,786
$
—
$
—
$
734,786
Diversified
Balanced
Managed
Volatility
Account
Investment
Companies
139,269
—
—
139,269
Total
investments
in
securities
$
139,269
$
—
$
—
$
139,269
Diversified
Balanced
Volatility
Control
Account
Investment
Companies
195,219
—
—
195,219
Total
investments
in
securities
$
195,219
$
—
$
—
$
195,219
Diversified
Growth
Account
Investment
Companies
2,918,186
—
—
2,918,186
Total
investments
in
securities
$
2,918,186
$
—
$
—
$
2,918,186
Diversified
Growth
Managed
Volatility
Account
Investment
Companies
285,452
—
—
285,452
Total
investments
in
securities
$
285,452
$
—
$
—
$
285,452
Diversified
Growth
Volatility
Control
Account
Investment
Companies
1,111,456
—
—
1,111,456
Total
investments
in
securities
$
1,111,456
$
—
$
—
$
1,111,456
Derivative
Assets
Equity
Contracts
Futures**
434
—
—
434
Diversified
Income
Account
Investment
Companies
244,539
—
—
244,539
Total
investments
in
securities
$
244,539
$
—
$
—
$
244,539
Diversified
International
Account
Common
Stocks
Basic
Materials
4,209
7,418
—
11,627
Communications
954
2,379
—
3,333
Consumer,
Cyclical
8,804
20,728
—
29,532
Consumer,
Non-cyclical
2,786
42,299
—
45,085
Energy
5,215
9,144
—
14,359
Financial
13,162
38,969
—
52,131
Industrial
5,078
18,902
—
23,980
Technology
809
22,425
—
23,234
Utilities
—
3,115
—
3,115
Investment
Companies
10,253
—
—
10,253
Total
investments
in
securities
$
51,270
$
165,379
$
—
$
216,649
September
30,
2022
(unaudited)
133
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Equity
Income
Account
Common
Stocks*
$
596,269
$
—
$
—
$
596,269
Investment
Companies
12,331
—
—
12,331
Total
investments
in
securities
$
608,600
$
—
$
—
$
608,600
Global
Emerging
Markets
Account
Common
Stocks
Basic
Materials
1,090
2,096
—
3,186
Communications
1,328
7,653
—
8,981
Consumer,
Cyclical
1,746
6,279
—
8,025
Consumer,
Non-cyclical
1,152
5,784
—
6,936
Energy
974
3,451
—
4,425
Financial
1,687
10,697
—
12,384
Industrial
345
4,007
—
4,352
Technology
1,028
9,125
—
10,153
Utilities
—
537
—
537
Investment
Companies
4,188
—
—
4,188
Preferred
Stocks
Financial
—
12
—
12
Total
investments
in
securities
$
13,538
$
49,641
$
—
$
63,179
Government
&
High
Quality
Bond
Account
Bonds*
—
18,655
—
18,655
Investment
Companies
2,824
—
—
2,824
U.S.
Government
&
Government
Agency
Obligations*
—
132,858
—
132,858
Total
investments
in
securities
$
2,824
$
151,513
$
—
$
154,337
Derivative
Assets
Interest
Rate
Contracts
Futures**
230
—
—
230
Derivative
Liabilities
Interest
Rate
Contracts
Futures**
(1,022)
—
—
(1,022)
LargeCap
Growth
Account
I
Common
Stocks
Basic
Materials
4,235
—
—
4,235
Communications
76,579
—
—
76,579
Consumer,
Cyclical
36,959
—
—
36,959
Consumer,
Non-cyclical
109,783
—
—
109,783
Energy
954
—
—
954
Financial
24,083
—
—
24,083
Industrial
19,254
—
—
19,254
Technology
147,160
—
140
147,300
Utilities
26
—
—
26
Convertible
Preferred
Stocks
Basic
Materials
—
—
154
154
Consumer,
Cyclical
—
—
228
228
Technology
—
—
628
628
Investment
Companies
13,414
—
—
13,414
Total
investments
in
securities
$
432,447
$
—
$
1,150
$
433,597
Derivative
Liabilities
Equity
Contracts
Futures**
(263)
—
—
(263)
LargeCap
S&P
500
Index
Account
Common
Stocks
Basic
Materials
47,404
—
—
47,404
Communications
295,248
—
—
295,248
Consumer,
Cyclical
236,235
—
—
236,235
Consumer,
Non-cyclical
531,337
—
—
531,337
Energy
112,457
—
—
112,457
Financial
352,050
—
—
352,050
Industrial
180,747
—
—
180,747
Technology
532,076
1,015
—
533,091
September
30,
2022
(unaudited)
134
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
LargeCap
S&P
500
Index
Account
(continued)
Common
Stocks
(continued)
Utilities
$
74,055
$
—
$
—
$
74,055
Investment
Companies
100,202
—
—
100,202
Total
investments
in
securities
$
2,461,811
$
1,015
$
—
$
2,462,826
Derivative
Liabilities
Equity
Contracts
Futures**
(963)
—
—
(963)
LargeCap
S&P
500
Managed
Volatility
Index
Account
Common
Stocks
Basic
Materials
3,269
—
—
3,269
Communications
20,365
—
—
20,365
Consumer,
Cyclical
16,295
—
—
16,295
Consumer,
Non-cyclical
36,648
—
—
36,648
Energy
7,757
—
—
7,757
Financial
24,283
—
—
24,283
Industrial
12,468
—
—
12,468
Technology
36,697
70
—
36,767
Utilities
5,107
—
—
5,107
Investment
Companies
11,270
—
—
11,270
Purchased
Options
4,260
—
—
4,260
Total
investments
in
securities
$
178,419
$
70
$
—
$
178,489
Derivative
Liabilities
Equity
Contracts
Futures**
(370)
—
—
(370)
Written
Options
(3,549)
—
—
(3,549)
MidCap
Account
Common
Stocks
Basic
Materials
5,220
19
—
5,239
Communications
29,089
—
—
29,089
Consumer,
Cyclical
149,967
—
—
149,967
Consumer,
Non-cyclical
56,271
—
—
56,271
Financial
134,546
—
—
134,546
Industrial
85,610
—
—
85,610
Technology
70,289
—
—
70,289
Utilities
21,260
—
—
21,260
Investment
Companies
581
—
—
581
Total
investments
in
securities
$
552,833
$
19
$
—
$
552,852
Principal
Capital
Appreciation
Account
Common
Stocks
Basic
Materials
4,577
—
—
4,577
Communications
16,174
—
—
16,174
Consumer,
Cyclical
13,740
—
—
13,740
Consumer,
Non-cyclical
27,271
—
—
27,271
Energy
8,397
—
—
8,397
Financial
25,823
—
—
25,823
Industrial
10,114
895
—
11,009
Technology
26,577
—
—
26,577
Utilities
6,272
—
—
6,272
Investment
Companies
3,098
—
—
3,098
Total
investments
in
securities
$
142,043
$
895
$
—
$
142,938
Principal
LifeTime
2010
Account
Investment
Companies
33,505
—
—
33,505
Total
investments
in
securities
$
33,505
$
—
$
—
$
33,505
Principal
LifeTime
2020
Account
Investment
Companies
148,807
—
—
148,807
Total
investments
in
securities
$
148,807
$
—
$
—
$
148,807
September
30,
2022
(unaudited)
135
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
Principal
LifeTime
2030
Account
Investment
Companies
$
218,279
$
—
$
—
$
218,279
Total
investments
in
securities
$
218,279
$
—
$
—
$
218,279
Principal
LifeTime
2040
Account
Investment
Companies
106,817
—
—
106,817
Total
investments
in
securities
$
106,817
$
—
$
—
$
106,817
Principal
LifeTime
2050
Account
Investment
Companies
50,841
—
—
50,841
Total
investments
in
securities
$
50,841
$
—
$
—
$
50,841
Principal
LifeTime
2060
Account
Investment
Companies
13,323
—
—
13,323
Total
investments
in
securities
$
13,323
$
—
$
—
$
13,323
Principal
LifeTime
Strategic
Income
Account
Investment
Companies
24,628
—
—
24,628
Total
investments
in
securities
$
24,628
$
—
$
—
$
24,628
Real
Estate
Securities
Account
Common
Stocks*
129,765
—
—
129,765
Investment
Companies
1,416
—
—
1,416
Total
investments
in
securities
$
131,181
$
—
$
—
$
131,181
SAM
Balanced
Portfolio
Investment
Companies
546,162
—
—
546,162
Total
investments
in
securities
$
546,162
$
—
$
—
$
546,162
SAM
Conservative
Balanced
Portfolio
Investment
Companies
162,394
—
—
162,394
Total
investments
in
securities
$
162,394
$
—
$
—
$
162,394
SAM
Conservative
Growth
Portfolio
Investment
Companies
324,434
—
—
324,434
Total
investments
in
securities
$
324,434
$
—
$
—
$
324,434
SAM
Flexible
Income
Portfolio
Investment
Companies
145,536
—
—
145,536
Total
investments
in
securities
$
145,536
$
—
$
—
$
145,536
SAM
Strategic
Growth
Portfolio
Investment
Companies
313,143
—
—
313,143
Total
investments
in
securities
$
313,143
$
—
$
—
$
313,143
Short-Term
Income
Account
Bonds*
—
117,560
—
117,560
Investment
Companies
4,705
—
—
4,705
U.S.
Government
&
Government
Agency
Obligations*
—
11,363
—
11,363
Total
investments
in
securities
$
4,705
$
128,923
$
—
$
133,628
Derivative
Liabilities
Interest
Rate
Contracts
Futures**
(87)
—
—
(87)
SmallCap
Account
Common
Stocks*
158,293
—
—
158,293
Investment
Companies
7,452
—
—
7,452
Total
investments
in
securities
$
165,745
$
—
$
—
$
165,745
September
30,
2022
(unaudited)
136
*For
additional
detail
regarding
sector
classifications,
please
see
the
Schedule
of
Investments.
**Exchange
cleared
swaps
and
futures
are
presented
at
the
unrealized
appreciation/(depreciation)
of
the
instrument.
At
the
end
of
the
period,
there
were
no
Funds
which
had
a
significant
Level
3
balance.
During
the
period,
there
were
no
purchases,
sales,
or
transfers
into
or
out
of
Level
3.
Fund
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Totals
(Level
1,2,3)
U.S.
LargeCap
Buffer
July
Account
Investment
Companies
$
20,090
$
—
$
—
$
20,090
Purchased
Options
—
5,285
—
5,285
Total
investments
in
securities
$
20,090
$
5,285
$
—
$
25,375
Derivative
Liabilities
Equity
Contracts
Written
Options
—
(1,675)
—
(1,675)
U.S.
LargeCap
Buffer
October
Account
Investment
Companies
30,214
—
—
30,214
Purchased
Options
—
3,337
—
3,337
Total
investments
in
securities
$
30,214
$
3,337
$
—
$
33,551
Derivative
Liabilities
Equity
Contracts
Written
Options
—
(1,166)
—
(1,166)