Investment Option Summary - Rebrand · 2018-11-08 · Investment Option Summary - Page 4 of 30...

Investment Option Summary

This document provides important information to help you compare the investment options available to you under the retirement plan.

Investment results shown represent historical performance and do not guarantee future results. Investment returns and principalvalues fluctuate with changes in interest rates and other market conditions so the value, when redeemed, may be worth more or lessthan original costs. Current performance may be lower or higher than the performance data shown. For additional information on theinvestment options, including most recent month-end performance,log in to the Principal Financial Group® website at principal.com orcall our automated phone system at 1-800-547-7754.

Additional information available online includes, if applicable, the name of the investment option's issuer; the investment option'sobjectives or goals; the investment option's principal strategies, including a general description of the types of assets held by theinvestment option; the portfolio turnover rate; and the investment option's performance data and fee and expense information.

In situations where the net and gross total investment expense figures are different, the mutual fund or the underlying fund in which aSeparate Account invests has waived/capped a portion of its management fees through the date displayed in the waiver expirationdate or contractual cap expiration date column. Differences may also be shown due to the fund family choosing to pay certainexpenses that would normally be payable by the fund. Returns displayed are based on total investment expense net.

Fees and expenses are only one of several factors that participants and beneficiaries should consider when making investmentdecisions. Some or all of the Plan administrative expenses are paid from the total investment expense of one or more of the Plan'sinvestment options. The cumulative effect of fees and expenses can substantially reduce the growth of a participant's orbeneficiary's retirement account. Participants and beneficiaries can visit the Employee Benefit Security Administration's website foran example demonstrating the long-term effect of fees and expenses.

For a glossary of terms to assist you in understanding the designated investment options, log in to your account at principal.com.

11.06.2018 054857 Investment Option Summary - of 30

Contract/Plan ID Number: 4-54475

As of 09/30/2018

Asset Class: Short-Term Fixed Income

This asset class is generally composed of short-term, fixed-income investment options that are largely liquid and are designed tonot lose much value. These investment options may include stable value, money market, short-term bond, and guaranteed interestaccounts. They are considered to be among the least risky forms of investment options. However, they typically have a lower rateof return than equities or longer-term fixed income investment options over long periods of time. Depending on the objectives ofthe investment options, they may experience price fluctuations and may lose value.

Investment Category: Stable Value

Inv Manager or Sub-Advisor: Morley Capital Management

Investment Option Name Average Annual Total Return

Morley Stable Value Fund 35 (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)YTD Ret 1-Year 3-Year 5-Year 10-Year Since

Incept 1-Year 5-Year 10-Year SinceIncept

InceptDate

1.38 1.80 1.60 1.39 1.69 3.80 1.60 1.28 1.88 3.86 1/1994

Benchmark: Bloomberg Barclays 1-3 YrGovernment Index 0.26 -0.01 0.38 0.57 1.20 - 0.45 0.58 1.53 - -

Description: The objective of the Fund is to provide preservation of capital, relatively stable returns consistent with its comparatively low risk profile,and liquidity for benefit responsive plan or participant payments.

Composition (% of Assets) as of 03/31/2014 Fees & Expenses # of Transfers Allowed/Time Period

N/A Total Inv Exp Net % 0.54 -

Contractual Cap Expiration Date N/A

Waiver Expiration Date N/A

Total Inv Exp Gross % 0.54

Total Inv Exp Gross Per $1,000 Invested $5.40

Redemption Fee -

Revenue Sharing % 0.00

Investment Option Summary - of 30 11.06.2018 054857

Contract/Plan ID Number: 4-54475Asset Class: Short-Term Fixed Income

This asset class is generally composed of short-term, fixed-income investment options that are largely liquid and are designed tonot lose much value. These investment options may include stable value, money market, short-term bond, and guaranteed interestaccounts. They are considered to be among the least risky forms of investment options. However, they typically have a lower rateof return than equities or longer-term fixed income investment options over long periods of time. Depending on the objectives ofthe investment options, they may experience price fluctuations and may lose value.

Investment Category: Stable Value

Inv Manager or Sub-Advisor: Morley Capital Management


Morley Stable Value I Fund 35 (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)YTD Ret 1-Year 3-Year 5-Year 10-Year Since


InceptDate

1.00 1.30 1.10 0.89 1.19 3.29 1.10 0.77 1.37 3.35 1/1994

Benchmark: Bloomberg Barclays 1-3 YrGovernment Index 0.26 -0.01 0.38 0.57 1.20 - 0.45 0.58 1.53 - -

Description: The objective of the Fund is to provide preservation of capital, relatively stable returns consistent with its comparatively low risk profile,and liquidity for benefit responsive plan or participant payments.


N/A Total Inv Exp Net % 1.04 -





Redemption Fee -




Asset Class: Fixed Income

This asset class is generally composed of investment options that invest in bonds, or debt of a company or government entity(including U.S. and Non- U.S.). It may also include real estate investment options that directly own property. These investmentoptions typically carry more risk than short-term fixed income investment options (including, for real estate investment options,liquidity risk), but less overall risk than equities. All investment options in this category have the potential to lose value.

Investment Category: High Yield Bond

Inv Manager or Sub-Advisor: Lord Abbett & Co, LLC


Lord Abbett High Yield A Fund 5,17,19 (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)YTD Ret 1-Year 3-Year 5-Year 10-Year Since


InceptDate

1.41 2.42 7.76 6.03 9.44 6.88 8.50 6.87 8.24 7.08 12/1998

Benchmark: Merrill Lynch U.S. High Yield Master IIIndex 2.52 2.94 8.19 5.54 9.38 - 7.48 5.80 7.89 - -

Description: The investment seeks a high current income and the opportunity for capital appreciation to produce a high total return. The fund normallypursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in lower-rateddebt securities, including corporate debt securities and securities that are convertible into common stock or have warrants to purchase common stock.It may invest up to 20% of its net assets in foreign securities (including emerging market securities and American Depository Receipts ("ADRs")). Thefund may invest up to 20% of its net assets in municipal securities.


Cash 0.12 U.S. Stocks 4.21 Total Inv Exp Net % 0.89 -

Non-U.S. Stocks 0.44 Non-U.S. Bonds 18.54 Contractual Cap Expiration Date N/A

Convertibles 1.76 Preferred 0.09 Waiver Expiration Date N/A

U.S. Bonds 74.39 Other 0.44 Total Inv Exp Gross % 0.89


Redemption Fee -


Inv Manager or Sub-Advisor: Lord Abbett & Co, LLC


Lord Abbett High Yield R6 Fund 17,19,23 (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)YTD Ret 1-Year 3-Year 5-Year 10-Year Since


InceptDate

1.53 2.62 8.08 6.24 9.55 6.05 8.78 7.06 8.33 7.27 6/2015

Benchmark: Merrill Lynch U.S. High Yield Master IIIndex 2.52 2.94 8.19 5.54 9.38 - 7.48 5.80 7.89 - -

Description: The investment seeks a high current income and the opportunity for capital appreciation to produce a high total return. The fund normallypursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in lower-rateddebt securities, including corporate debt securities and securities that are convertible into common stock or have warrants to purchase common stock.It may invest up to 20% of its net assets in foreign securities (including emerging market securities and American Depository Receipts ("ADRs")). Thefund may invest up to 20% of its net assets in municipal securities.







Redemption Fee -



Contract/Plan ID Number: 4-54475Asset Class: Fixed Income


Investment Category: Intermediate-Term Bond

Inv Manager or Sub-Advisor: Pioneer Mutual Funds


Pioneer Bond A Fund 17,19 (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)YTD Ret 1-Year 3-Year 5-Year 10-Year Since


InceptDate

-1.24 -0.54 2.25 2.71 4.97 7.06 4.10 2.91 4.96 7.24 10/1978

Benchmark: Bloomberg Barclays Aggregate BondIndex -1.60 -1.22 1.31 2.16 3.77 - 3.54 2.10 4.01 - -

Description: The investment seeks current income and total return. Normally, the fund invests at least 80% of its net assets (plus the amount ofborrowings, if any, for investment purposes) in debt securities issued or guaranteed by the U.S. government, its agencies and instrumentalities,investment grade debt securities (including convertible debt) of corporate or other issuers and cash, cash equivalents and other short-term holdings.


Cash 2.01 Non-U.S. Bonds 7.60 Total Inv Exp Net % 0.85 -

Convertibles 1.48 Preferred 0.91 Contractual Cap Expiration Date N/A

U.S. Bonds 87.47 Other 0.53 Waiver Expiration Date 11/01/2019



Redemption Fee -


Inv Manager or Sub-Advisor: Pioneer Mutual Funds


Pioneer Bond Y Fund 17,19,23,G (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)YTD Ret 1-Year 3-Year 5-Year 10-Year Since


InceptDate

-1.07 -0.30 2.53 2.98 5.22 5.29 4.39 3.17 5.22 5.61 9/2001


Description: The investment seeks current income and total return. Normally, the fund invests at least 80% of its net assets (plus the amount ofborrowings, if any, for investment purposes) in debt securities issued or guaranteed by the U.S. government, its agencies and instrumentalities,investment grade debt securities (including convertible debt) of corporate or other issuers and cash, cash equivalents and other short-term holdings.


Cash 2.01 Non-U.S. Bonds 7.60 Total Inv Exp Net % 0.58 1/30 day period

Convertibles 1.48 Preferred 0.91 Contractual Cap Expiration Date N/A

U.S. Bonds 87.47 Other 0.53 Waiver Expiration Date 11/01/2019



Redemption Fee -




Asset Class: Fixed Income


Investment Category: Intermediate-Term Bond

Inv Manager or Sub-Advisor: PGIM Investments, LLC


PGIM Total Return Bond A Fund 17,19,E (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)YTD Ret 1-Year 3-Year 5-Year 10-Year Since


InceptDate

-2.22 -1.22 2.53 3.11 5.70 5.78 6.33 3.18 5.73 6.08 1/1995


Description: The investment seeks total return. The fund will seek to achieve its objective through a mix of current income and capital appreciation asdetermined by the fund's investment subadviser. It invests, under normal circumstances, at least 80% of the fund's investable assets in bonds. Forpurposes of this policy, bonds include all fixed-income securities, other than preferred stock, with a maturity at date of issue of greater than one year.The fund may invest up to 30% of its investable assets in high risk, below investment-grade securities having a rating of not lower than CCC. It mayinvest up to 30% of its investable assets in foreign debt securities.


Cash 1.47 U.S. Stocks -0.01 Total Inv Exp Net % 0.76 2/90 day period


Convertibles 0.21 Preferred 0.17 Waiver Expiration Date 02/29/2020



Redemption Fee -



Contract/Plan ID Number: 4-54475Asset Class: Balanced/Asset Allocation

This asset class is generally composed of a combination of fixed income and equity investment options. These investment optionsmay include balanced, asset allocation, target-date, and target-risk investment options. Although typically lower risk thaninvestment options that invest solely in equities, all investment options in this category have the potential to lose value.

Investment Category: Target-Date Retirement

Inv Manager or Sub-Advisor: Multiple Sub-Advisors


Principal LifeTime Strategic IncomeSeparate Account A,15,19,21,22,26,29,33 (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)

YTD Ret 1-Year 3-Year 5-Year 10-Year Since


InceptDate

0.98 2.86 5.14 4.30 5.47 4.83 8.99 4.73 3.99 4.99 3/2001

Benchmark: S&P Target Date Retirement IncomeIndex 1.44 3.71 5.35 4.37 5.10 - 8.54 4.86 4.12 - -

Description: The investment seeks current income, and as a secondary objective, capital appreciation. The fund is a fund of funds and invests inunderlying funds of Principal Funds, Inc. ("PFI"). Its underlying funds consist of domestic and foreign equity funds, fixed-income funds, real asset funds,and other funds that aim to offer diversification beyond traditional equity and fixed-income securities. Its asset allocation is designed for investors whoare approximately 15 years beyond the normal retirement age of 65.


Cash -4.35 U.S. Stocks 20.55 Total Inv Exp Net % 0.39 -





Redemption Fee -


Investment Category: Target-Date 2000-2010

Inv Manager or Sub-Advisor: Capital Research and Mgmt Co


American Funds Target Date Retirement2010 R6 Fund 15,16,19 (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)



InceptDate

1.19 3.39 7.06 5.79 6.72 8.50 10.41 7.17 4.84 9.13 7/2009

Benchmark: Morningstar Lifetime Moderate 2010Index 1.74 4.61 6.53 4.98 6.41 - 10.19 5.75 5.14 - -

Description: The investment seeks growth, income and conservation of capital. The adviser will attempt to achieve the fund's investment objectives byinvesting in a mix of American Funds in different combinations and weightings. The underlying American Funds represent a variety of fund categoriessuch as growth-and-income funds, equity-income funds and a balanced fund and bond funds. Equity-income and balanced funds generally strive forincome and growth through stocks and/or bond investments, while bond funds seek current income through bond investments.







Redemption Fee -




Asset Class: Balanced/Asset Allocation


Investment Category: Target-Date 2000-2010



Principal LifeTime 2010 Separate Account A,15,19,21,22,26,29,33 (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)



InceptDate

1.67 4.20 6.66 5.41 6.61 5.57 11.52 6.45 4.52 5.72 3/2001

Benchmark: S&P Target Date 2010 Index 1.79 4.36 6.38 5.09 5.84 - 9.95 5.94 4.56 - -

Description: The investment seeks a total return consisting of long-term growth of capital and current income. The fund operates as a "target datefund" that invests according to an asset allocation strategy designed for investors having a retirement investment goal close to the year in 2010. It is afund of funds and invests in underlying funds of Principal Funds, Inc. ("PFI"). Its underlying funds consist of domestic and foreign equity funds,fixed-income funds, real asset funds, and other funds that aim to offer diversification beyond traditional equity and fixed-income securities.







Redemption Fee -


Investment Category: Target-Date 2015






InceptDate

1.55 4.02 7.52 6.24 7.11 9.07 11.19 7.96 5.08 9.71 7/2009


Description: The investment seeks growth, income and conservation of capital. The fund normally invests a greater portion of its assets in bond, equityincome and balanced funds as it approaches and passes its target date. The advisor attempts to achieve its investment objectives by investing in a mixof American Funds in different combinations and weightings. The underlying American Funds represent a variety of fund categories such as growthfunds, growth-and-income funds, equity-income funds and a balanced fund and bond funds. The fund categories represent differing investmentobjectives.







Redemption Fee -











InceptDate

2.30 5.20 8.40 6.97 7.70 9.94 12.87 8.93 5.33 10.57 7/2009









Redemption Fee -







InceptDate

2.67 6.11 8.71 6.83 7.69 6.41 15.27 8.32 5.22 6.53 3/2001









Redemption Fee -












InceptDate

3.04 6.58 9.71 7.89 8.65 11.16 15.32 10.36 6.02 11.80 7/2009









Redemption Fee -








InceptDate

4.01 8.30 11.47 8.98 9.44 12.06 18.40 11.50 6.64 12.66 7/2009









Redemption Fee -











InceptDate

3.68 8.02 10.45 8.00 8.43 6.77 18.74 9.73 5.63 6.85 3/2001









Redemption Fee -








InceptDate

5.11 10.04 12.95 9.79 9.84 12.53 21.04 12.13 6.89 13.05 7/2009









Redemption Fee -












InceptDate

5.44 10.68 13.45 10.08 10.02 11.84 21.98 12.45 7.05 12.25 7/2009









Redemption Fee -







InceptDate

4.93 10.00 11.72 8.84 8.92 7.12 21.02 10.71 5.85 7.14 3/2001


Description: The investment seeks a total return consisting of long-term growth of capital and current income. The fund operates as a "target datefund" that invests according to an asset allocation strategy designed for investors having a retirement investment goal close to the year in the fund'sname. It is a fund of funds and invests in underlying funds of Principal Funds, Inc. ("PFI"). Its underlying funds consist of domestic and foreign equityfunds, fixed-income funds, real asset funds, and other funds that aim to offer diversification beyond traditional equity and fixed-income securities.







Redemption Fee -











InceptDate

5.68 11.08 13.76 10.26 10.10 12.85 22.44 12.57 7.10 13.32 7/2009









Redemption Fee -








InceptDate

5.87 11.37 13.91 10.35 10.14 12.90 22.61 12.62 7.11 13.35 7/2009









Redemption Fee -












InceptDate

5.46 10.88 12.53 9.37 9.21 7.06 22.47 11.31 6.01 7.05 3/2001









Redemption Fee -








InceptDate

5.86 11.31 13.91 10.32 - 11.34 22.63 12.60 - 11.66 2/2010

Benchmark: Morningstar Lifetime Moderate 2055Index 3.71 9.48 12.95 8.51 9.00 - 20.95 10.71 6.23 10.67 -








Redemption Fee -





Investment Category: Target-Date 2060+






InceptDate

5.88 11.35 13.87 - - 9.68 22.49 - - 10.15 3/2015

Benchmark: Morningstar Lifetime Moderate 2060Index 3.54 9.30 12.89 8.40 9.02 - 21.06 10.60 6.22 9.03 -








Redemption Fee -




Principal LifeTime 2060 Separate Account A,15,16,19,21,22,26,29,33 (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)



InceptDate

5.58 11.20 12.84 9.50 - 10.50 23.03 - - 10.96 3/2013

Benchmark: S&P Target Date 2060+ Index 4.86 10.60 13.34 9.50 - - 20.75 11.75 - - -Benchmark: Morningstar Lifetime Moderate 2060Index 3.54 9.30 12.89 8.40 9.02 - 21.06 10.60 6.22 - -

Description: The investment seeks a total return consisting of long-term growth of capital and current income. The fund operates as a "target datefund" that invests according to an asset allocation strategy designed for investors having a retirement investment goal close to the year in the fund'sname. It is a fund of funds and invests in underlying funds of Principal Funds, Inc. ("PFI"). Its underlying funds consist of domestic and foreign equityfunds, fixed-income funds, real asset funds, and other funds that aim to offer diversification beyond traditional equity and fixed-income securities.



Non-U.S. Stocks 30.80 Non-U.S. Bonds 0.62 Contractual Cap Expiration Date 02/28/2019




Redemption Fee -




Asset Class: Large U.S. Equity

This asset class is generally composed of investment options that invest in stocks, or shares of ownership in large, well-established,U.S. companies. These investment options typically carry more risk than fixed income investment options but have the potential forhigher returns over longer time periods. They may be an appropriate choice for long-term investors who are seeking the potentialfor growth. All investment options in this category have the potential to lose value.

Investment Category: Large Value



American Funds American Mutual R3 Fund 23 (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)



InceptDate

6.15 11.43 14.24 10.78 10.19 7.64 17.23 13.06 7.71 7.61 6/2002

Benchmark: Russell 1000 Value Index 3.92 9.45 13.55 10.72 9.79 - 13.66 14.04 7.10 - -

Description: The investment seeks current income, growth of capital and conservation of principal. The fund invests primarily in common stocks ofcompanies that are likely to participate in the growth of the American economy and whose dividends appear to be sustainable. It invests primarily insecurities of issuers domiciled in the United States and Canada. The fund may also invest in bonds and other debt securities, including those issued bythe U.S. government and by federal agencies and instrumentalities.



Non-U.S. Stocks 10.22 Preferred 0.20 Contractual Cap Expiration Date N/A

U.S. Bonds 1.97 Waiver Expiration Date N/A



Redemption Fee -




American Funds American Mutual R6 Fund 23,G (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)



InceptDate

6.69 12.19 15.01 11.51 10.89 14.02 17.99 13.79 8.38 14.46 5/2009


Description: The investment seeks current income, growth of capital and conservation of principal. The fund invests primarily in common stocks ofcompanies that are likely to participate in the growth of the American economy and whose dividends appear to be sustainable. It invests primarily insecurities of issuers domiciled in the United States and Canada. The fund may also invest in bonds and other debt securities, including those issued bythe U.S. government and by federal agencies and instrumentalities.


Cash 9.45 U.S. Stocks 78.15 Total Inv Exp Net % 0.30 1/30 day period


U.S. Bonds 1.97 Waiver Expiration Date N/A



Redemption Fee -



Contract/Plan ID Number: 4-54475Asset Class: Large U.S. Equity


Investment Category: Large Value

Inv Manager or Sub-Advisor: Principal Global Investors


Equity Income Separate Account A,3,13,31,F (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)YTD Ret 1-Year 3-Year 5-Year 10-Year Since


InceptDate

6.49 14.25 16.18 12.16 10.88 9.08 21.30 14.27 8.07 9.09 6/2009


Description: The investment seeks to provide current income and long-term growth of income and capital. Under normal circumstances, the fundinvests at least 80% of its net assets, plus any borrowings for investment purposes, in dividend-paying equity securities at the time of purchase. Itusually invests in equity securities of companies with large and medium market capitalizations. The fund invests in value equity securities, aninvestment strategy that emphasizes buying equity securities that appear to be undervalued.



Non-U.S. Stocks 15.60 Contractual Cap Expiration Date 02/28/2019

Waiver Expiration Date 02/28/2019



Redemption Fee -


Investment Category: Large Blend

Inv Manager or Sub-Advisor: MFS Investment Management


MFS Blended Research Core Equity R3Fund 23 (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)



InceptDate

8.52 15.73 14.51 12.39 11.19 10.04 20.32 14.71 7.93 9.92 9/2008

Benchmark: Russell 1000 Index 10.49 17.76 17.07 13.67 12.09 - 21.69 15.71 8.59 - -

Description: The investment seeks capital appreciation. The fund normally invests at least 80% of the fund's net assets in equity securities. Equitysecurities include common stocks and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company orother issuer.







Redemption Fee -






Investment Category: Large Blend



MFS Blended Research Core Equity R4Fund 23,G (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)



InceptDate

8.71 16.02 14.79 12.68 11.46 10.31 20.63 15.01 8.19 10.19 9/2008

Benchmark: Russell 1000 Index 10.49 17.76 17.07 13.67 12.09 - 21.69 15.71 8.59 - -

Description: The investment seeks capital appreciation. The fund normally invests at least 80% of the fund's net assets in equity securities. Equitysecurities include common stocks and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company orother issuer.


Cash 0.33 U.S. Stocks 99.67 Total Inv Exp Net % 0.49 2/calendar quarter





Redemption Fee -




LargeCap S&P 500 Index Separate Account A,2,8,25,29,F (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)



InceptDate

10.52 17.83 17.24 13.86 11.89 9.83 21.73 15.69 8.44 9.71 1/1990

Benchmark: Standard & Poor's 500 Index 10.56 17.91 17.31 13.95 11.97 - 21.83 15.79 8.50 - -

Description: The investment option normally invests the majority of assets in common stocks of companies that compose the S&P 500 Index.Management attempts to mirror the investment performance of the index by allocating assets in approximately the same weightings as the S&P 500Index. Over the long-term, management seeks a very close correlation between the performance of the Separate Account before expenses and that ofthe S&P 500 Index.



Non-U.S. Stocks 0.43 Contractual Cap Expiration Date N/A




Redemption Fee -



Contract/Plan ID Number: 4-54475Asset Class: Large U.S. Equity


Investment Category: Large Growth

Inv Manager or Sub-Advisor: Legg Mason Institutional Funds


ClearBridge Large Cap Growth I Fund 23 (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)YTD Ret 1-Year 3-Year 5-Year 10-Year Since


InceptDate

15.38 23.50 18.95 16.46 14.58 9.35 25.43 18.21 10.41 8.94 10/1997

Benchmark: Russell 1000 Growth Index 17.09 26.30 20.55 16.58 14.31 - 30.21 17.33 10.00 - -

Description: The investment seeks long-term capital growth. Under normal circumstances, the fund invests at least 80% of its net assets, plusborrowings for investment purposes, if any, in equity securities or other instruments with similar economic characteristics of U.S. companies with largemarket capitalizations.







Redemption Fee -


Inv Manager or Sub-Advisor: Legg Mason Institutional Funds


ClearBridge Large Cap Growth IS Fund 23 (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)YTD Ret 1-Year 3-Year 5-Year 10-Year Since


InceptDate

15.46 23.63 19.04 16.53 14.41 17.26 25.53 18.23 10.20 16.66 3/2013


Description: The investment seeks long-term capital growth. Under normal circumstances, the fund invests at least 80% of its net assets, plusborrowings for investment purposes, if any, in equity securities or other instruments with similar economic characteristics of U.S. companies with largemarket capitalizations.







Redemption Fee -






Investment Category: Large Growth



MFS Growth R3 Fund 23 (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)YTD Ret 1-Year 3-Year 5-Year 10-Year Since


InceptDate

20.90 28.65 20.47 15.74 14.00 11.69 30.53 16.14 9.39 10.75 4/2005


Description: The investment seeks capital appreciation. The fund normally invests in equity securities. Equity securities include common stocks andother securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer. The adviser focuses oninvesting the fund's assets in the stocks of companies the advisor believes to have above average earnings growth potential compared to othercompanies (growth companies).







Redemption Fee -




MFS Growth R4 Fund 23,F (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)YTD Ret 1-Year 3-Year 5-Year 10-Year Since


InceptDate

21.12 28.96 20.77 16.02 14.28 11.98 30.88 16.43 9.66 11.04 4/2005


Description: The investment seeks capital appreciation. The fund normally invests in equity securities. Equity securities include common stocks andother securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer. The adviser focuses oninvesting the fund's assets in the stocks of companies the advisor believes to have above average earnings growth potential compared to othercompanies (growth companies).


Cash 1.82 U.S. Stocks 96.69 Total Inv Exp Net % 0.69 2/calendar quarter





Redemption Fee -



Contract/Plan ID Number: 4-54475Asset Class: Small/Mid U.S. Equity

This asset class is generally composed of investment options that invest in stocks, or shares of ownership in small- to medium-sizedU.S. companies. These investment options typically carry more risk than larger U.S. equity investment options but have thepotential for higher returns. They may be an appropriate choice for long-term investors who are seeking the potential for growth.All investment options in this category have the potential to lose value.

Investment Category: Mid Cap Value

Inv Manager or Sub-Advisor: American Century Inv. Mgmt.


American Century Mid-Cap Value InvestorFund 1

(as of 09/30/2018 quarter end) (as of 12/31/2017 year end)



InceptDate

2.29 7.08 13.54 11.62 11.78 10.58 11.58 15.32 10.74 11.01 3/2004

Benchmark: Russell Midcap Value Index 3.13 8.81 13.09 10.72 11.29 - 13.34 14.68 9.10 - -

Description: The investment seeks long-term capital growth; income is a secondary consideration. Under normal market conditions, the portfoliomanagers will invest at least 80% of the fund's net assets in medium size companies. The portfolio managers consider medium size companies toinclude those whose market capitalizations at the time of purchase are within the capitalization range of the Russell 3000(R) Index, excluding thelargest 100 such companies.







Redemption Fee -


Inv Manager or Sub-Advisor: American Century Inv. Mgmt.


American Century Mid-Cap Value R6 Fund 1,23 (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)



InceptDate

2.61 7.44 13.93 12.02 11.98 11.51 11.96 15.68 10.91 12.92 7/2013

Benchmark: Russell Midcap Value Index 3.13 8.81 13.09 10.72 11.29 - 13.34 14.68 9.10 - -

Description: The investment seeks long-term capital growth; income is a secondary consideration. Under normal market conditions, the portfoliomanagers will invest at least 80% of the fund's net assets in medium size companies. The portfolio managers consider medium size companies toinclude those whose market capitalizations at the time of purchase are within the capitalization range of the Russell 3000(R) Index, excluding thelargest 100 such companies.







Redemption Fee -




Asset Class: Small/Mid U.S. Equity


Investment Category: Mid Cap Blend



MidCap S&P 400 Index Separate Account A,1,2,10,25,29,F (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)



InceptDate

7.42 14.11 15.58 11.81 12.37 10.24 16.15 14.90 9.87 10.25 8/1999

Benchmark: Standard & Poor's 400 MidCap StockIndex 7.49 14.21 15.68 11.91 12.49 - 16.24 15.01 9.97 - -

Description: The investment option normally invests the majority of assets in common stocks of companies that compose the S&P MidCap 400 Index.Management attempts to mirror the investment performance of the index by allocating assets in approximately the same weightings as the S&PMidCap 400 Index. Over the long-term, management seeks a very close correlation between the performance of the Separate Account before expensesand that of the S&P MidCap 400 Index.







Redemption Fee -


Investment Category: Mid Cap Growth

Inv Manager or Sub-Advisor: Wells Fargo Fund Management


Wells Fargo Advantage Discovery InvFund 1

(as of 09/30/2018 quarter end) (as of 12/31/2017 year end)



InceptDate

- - - - - - - - - - 12/1987

Benchmark: Russell Midcap Growth Index 13.38 21.10 16.65 13.00 13.46 - 25.27 15.30 9.10 - -

Description: The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its net assets in equity securities of small-and medium-capitalization companies; and up to 25% of the fund's total assets in equity securities of foreign issuers through ADRs and similarinvestments. It invests in equity securities of small- and medium-capitalization companies that the managers believe offer favorable opportunities forgrowth. The fund may also invest in equity securities of foreign issuers through ADRs and similar investments.







Redemption Fee -





Investment Category: Mid Cap Growth



Wells Fargo Discovery A Fund 1,23 (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)YTD Ret 1-Year 3-Year 5-Year 10-Year Since


InceptDate

16.76 23.86 17.94 11.56 13.38 10.27 29.04 14.32 9.14 9.40 7/2007


Description: The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its net assets in equity securities of small-and medium-capitalization companies; and up to 25% of the fund's total assets in equity securities of foreign issuers through ADRs and similarinvestments. It invests in equity securities of small- and medium-capitalization companies that the manager believes offer favorable opportunities forgrowth. The fund may also invest in equity securities of foreign issuers through ADRs and similar investments.







Redemption Fee -




Wells Fargo Discovery Institutional Fund 1,23,G (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)



InceptDate

17.05 24.25 18.35 11.95 13.80 11.88 29.48 14.73 9.55 11.15 8/2006


Description: The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its net assets in equity securities of small-and medium-capitalization companies; and up to 25% of the fund's total assets in equity securities of foreign issuers through ADRs and similarinvestments. It invests in equity securities of small- and medium-capitalization companies that the manager believes offer favorable opportunities forgrowth. The fund may also invest in equity securities of foreign issuers through ADRs and similar investments.







Redemption Fee -




Asset Class: Small/Mid U.S. Equity


Investment Category: Small Value

Inv Manager or Sub-Advisor: JP Morgan Investment Mgmt Inc.


Undiscovered Managers Behavioral ValueA Fund 1,23 (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)



InceptDate

6.15 11.93 14.96 11.57 14.03 10.00 12.98 15.13 11.16 10.09 6/2004


Description: The investment seeks capital appreciation. The fund seeks to achieve its objective by investing primarily in common stocks of U.S.companies that the fund's sub-adviser believes have value characteristics. Such common stocks primarily include stocks of small capitalizationcompanies, similar to those that are included in the Russell 2000 Value Index and real estate investment trusts (REITs). In selecting stocks for the fund,the sub-adviser applies principles based on behavioral finance.







Redemption Fee -


Inv Manager or Sub-Advisor: JP Morgan Investment Mgmt Inc.


Undiscovered Managers Behavioral ValueR6 Fund 1,23,G (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)



InceptDate

6.56 12.48 15.54 12.13 14.45 13.10 13.53 15.69 11.55 13.79 4/2013


Description: The investment seeks capital appreciation. The fund seeks to achieve its objective by investing primarily in common stocks of U.S.companies that the fund's sub-adviser believes have value characteristics. Such common stocks primarily include stocks of small capitalizationcompanies, similar to those that are included in the Russell 2000 Value Index and real estate investment trusts (REITs). In selecting stocks for the fund,the sub-adviser applies principles based on behavioral finance.







Redemption Fee -





Investment Category: Small Blend



SmallCap S&P 600 Index Separate Account A,1,2,9,25,29,F (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)



InceptDate

14.38 18.86 19.32 13.24 12.78 10.92 13.27 15.91 10.39 10.57 8/1999

Benchmark: Standard & Poor's 600 Stock Index 14.54 19.08 19.41 13.32 12.86 - 13.23 15.99 10.43 - -

Description: The investment seeks long-term growth of capital and normally invests the majority of assets in common stocks of companies thatcompose the S&P SmallCap 600 Index. Management attempts to mirror the investment performance of the index by allocating assets in approximatelythe same weightings as the S&P 600 Index. Over the long-term, management seeks a very close correlation between the performance of the SeparateAccount before expenses and that of the S&P 600 Index.



Non-U.S. Stocks 0.97 Other 0.01 Contractual Cap Expiration Date N/A




Redemption Fee -


Investment Category: Real Estate

Inv Manager or Sub-Advisor: Principal Real Estate Inv


Real Estate Securities Sep Acct A,3,7,13,29,F (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)YTD Ret 1-Year 3-Year 5-Year 10-Year Since


InceptDate

2.55 6.29 8.32 10.40 8.83 11.32 9.20 10.75 8.76 11.68 12/2002

Benchmark: MSCI US REIT Index 2.30 3.74 7.72 9.16 7.50 - 5.07 9.34 7.44 - -

Description: The investment seeks to generate a total return. Under normal circumstances, the fund invests at least 80% of its net assets, plus anyborrowings for investment purposes, in equity securities of companies principally engaged in the real estate industry at the time of purchase. It investsin value equity securities, an investment strategy that emphasizes buying securities that appear to be undervalued. The fund concentrates itsinvestments (invest more than 25% of its net assets) in securities in the real estate industry. It is non-diversified.



Non-U.S. Stocks 1.72 Contractual Cap Expiration Date 02/28/2019




Redemption Fee -




Asset Class: International Equity

This asset class is composed of investment options that invest in stocks, or shares of ownership in companies with their principalplace of business or office outside the United States. These investment options often carry more risk than U.S. equity investmentoptions but may have the potential for higher returns. They may be an appropriate choice for long-term investors who are seekingthe potential for growth. All investment options in this category have the potential to lose value.

Investment Category: Diversified Emerging Markets

Inv Manager or Sub-Advisor: OppenheimerFunds, Inc.


Oppenheimer Developing Markets A Fund 4,12 (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)



InceptDate

-4.66 0.14 12.84 3.09 7.18 11.70 34.77 5.01 4.25 12.40 11/1996

Benchmark: MSCI Emerging Markets NR Index -7.68 -0.81 12.36 3.61 5.40 - 37.28 4.35 1.68 - -

Description: The investment seeks capital appreciation. The fund mainly invests in common stocks of issuers in developing and emerging marketsthroughout the world and at times it may invest up to 100% of its total assets in foreign securities. Under normal market conditions, it will invest atleast 80% of its net assets, plus borrowings for investment purposes, in equity securities of issuers whose principal activities are in a developing market,i.e. are in a developing market or are economically tied to a developing market country. The fund will invest in at least three developing markets.




Other 3.88 Waiver Expiration Date N/A



Redemption Fee -


Inv Manager or Sub-Advisor: OppenheimerFunds, Inc.


Oppenheimer Developing MarketsInstitutional Fund 4,23,E (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)



InceptDate

-4.36 0.55 13.32 3.54 7.50 6.40 35.33 5.48 4.53 8.02 12/2011

Benchmark: MSCI Emerging Markets NR Index -7.68 -0.81 12.36 3.61 5.40 - 37.28 4.35 1.68 - -

Description: The investment seeks capital appreciation. The fund mainly invests in common stocks of issuers in developing and emerging marketsthroughout the world and at times it may invest up to 100% of its total assets in foreign securities. Under normal market conditions, it will invest atleast 80% of its net assets, plus borrowings for investment purposes, in equity securities of issuers whose principal activities are in a developing market,i.e. are in a developing market or are economically tied to a developing market country. The fund will invest in at least three developing markets.




Other 3.88 Waiver Expiration Date N/A



Redemption Fee -



Contract/Plan ID Number: 4-54475Asset Class: International Equity

This asset class is composed of investment options that invest in stocks, or shares of ownership in companies with their principalplace of business or office outside the United States. These investment options often carry more risk than U.S. equity investmentoptions but may have the potential for higher returns. They may be an appropriate choice for long-term investors who are seekingthe potential for growth. All investment options in this category have the potential to lose value.

Investment Category: Foreign Large Blend



Diversified International SeparateAccount A,4,29,F (as of 09/30/2018 quarter end) (as of 12/31/2017 year end)



InceptDate

-2.78 0.45 9.57 5.98 6.19 7.49 29.33 8.80 2.72 7.77 5/1987

Benchmark: MSCI ACWI Ex USA Index -3.09 1.76 9.97 4.12 5.18 - 27.19 6.80 1.84 - -

Description: The investment option normally invests the majority of assets in companies in at least three different countries. It invests in securities ofcompanies with their principal place of business or principal office outside of the United States; companies for which the principal securities trade on aforeign exchange; and companies, regardless of where their securities are traded, that derive 50% or more of their total revenue from goods or servicesproduced or sold outside of the United States. The Separate Account may invest in securities of companies with small to medium marketcapitalizations.



Non-U.S. Stocks 95.27 Other 0.62 Contractual Cap Expiration Date N/A




Redemption Fee -


Investors should carefully consider a mutual fund's investment objectives, risks, charges, and expenses prior to investing. Aprospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financialprofessional, visiting principal.com, or calling 1-800-547-7754. Read the prospectus carefully before investing.

Before directing retirement funds to a separate account, investors should carefully consider the investment objectives, risks,charges, and expenses of the separate account as well as their individual risk tolerance, time horizon and goals. For additionalinformation, contact us at 1-800-547-7754.

The value of the investment options will fluctuate so that when redeemed, shares or units may be worth more or less than theoriginal cost.

An investment's past performance is not necessarily an indication of how the investment will perform in the future.

Since inception benchmark returns are displayed on the Investment Option Summary for investments that are less than 10 years old. The benchmarkreflecting the Since Inception return is the Morningstar Category index. For some Sub-Advised investment options, two benchmarks will be displayedon the Investment Option Summary and the secondary index reflecting the Since Inception Return is the Morningstar Category index.

A Separate Accounts are available through a group annuity contract with Principal Life Insurance Company. Insurance products and plan administrativeservices, if applicable, are provided by Principal Life Insurance Company, a member of the Principal Financial Group, Des Moines, IA 50392. See thefact sheet for the full name of the Separate Account. Certain investment options may not be available in all states or U.S. commonwealths. PrincipalLife Insurance Company reserves the right to defer payments or transfers from Principal Life Separate Accounts as described in the group annuitycontracts providing access to the Separate Accounts or as required by applicable law. Such deferment will be based on factors that may includesituations such as: unstable or disorderly financial markets; investment conditions which do not allow for orderly investment transactions; orinvestment, liquidity, and other risks inherent in real estate (such as those associated with general and local economic conditions). If you elect toallocate funds to a Separate Account, you may not be able to immediately withdraw them.

Returns shown for periods of less than one year are not annualized. All returns displayed here are after net Total Investment Expense of theinvestment option.



For a Separate Account investment option, Total Investment Expense net equals the sum of these expenses: (a) the amount of money, expressed asa percentage, deducted for the costs of managing a separate account where applicable, fees for plan administrative services and agent compensation,plus (b) if the separate account invests in an underlying mutual fund, the total fund operating expenses of the underlying mutual fund, plus (c) if anunderlying mutual fund invests in other mutual funds, the weighted-average management fee of those other mutual funds, as listed in the mostrecent prospectus. The actual gross Total Investment Expense may change if an underlying mutual fund's allocation of assets to other mutual fundschanges.

For a Mutual Fund investment option, Total Investment Expense gross equals the sum of (a) the total fund operating expenses plus (b) if the mutualfund invests in other mutual funds, the weighted-average management fee of those other mutual funds, as listed in the most recent prospectus. Theactual Total Investment Expense may change if the mutual fund investment option's allocation of assets to other mutual funds changes.

2018 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its contentproviders; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its contentproviders are responsible for any damages or losses arising from any use of this information.

Insurance products and plan administrative services are provided by Principal Life Insurance Company. Securities are offered through PrincipalSecurities, Inc., 1-800-547-7754, member SIPC, and/or independent broker/dealers. Securities sold by a Principal Securities, Inc. RegisteredRepresentative are offered through Principal Securities. Principal Securities, Inc. and Principal Life are members of the Principal Financial Group, DesMoines, IA 50392.

Several investment companies have decided to impose redemption fees and/or transfer restrictions on certain plan and/or participant transactions.One or more of the investment options in your employer's retirement plan may be impacted. For more information, visit The Principal Web site atprincipal.com.

Any operating expenses of a mutual fund or underlying mutual fund that are part of net Total Investment Expense are obtained from the mutualfund's most recent prospectus. The operating expenses shown as part of net Total Investment Expense include voluntary expense limits and feecredit.

This report includes investment options that contain information from a variety of sources. Morningstar generally provides holdings information,operations data, and rankings or statistics proprietary to Morningstar. Morningstar is also the source of information on certain mutual funds.

These results are for the investment options available through your Plan Sponsor's retirement plan, and may be different from the results for otherretirement plans. Past performance is not a guarantee of future results. Principal values and investment returns will fluctuate so that values uponredemption may be worth more or less than original costs. Total returns illustrated are net of investment expenses and management fees.

Principal Life is an investment manager as defined in ERISA with regard to its Separate Accounts.

Since inception returns are only shown for funds/accounts in existence for less than 10 years.

1 Small-cap and mid-cap investment options are subject to more fluctuation in value and may have additional risks than other investment options withstocks of larger, more stable companies.

2 Each index based investment option is invested in the stocks or bonds of the index it tracks. Performance of indexes reflects the unmanaged resultsfor the market segment the selected stocks or bonds represent. There is no assurance an index based investment option will match the performanceof the index tracked.

3 This Separate Account invests solely in the least expensive share class of the Principal Funds. All voting rights associated with ownership of shares inthe mutual fund are the rights of the Separate Account, not of contract holders investing in the Separate Account. For further information on theunderlying mutual fund, see the prospectus of the fund.

4 International and global investment options are subject to additional risk due to fluctuating exchange rates, foreign accounting and financial policies,and other economic and political environments.

5 High yield investment options are subject to greater credit risk and volatility that is associated with high yield bonds.

6 Liquid asset investment options are not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC), or any other government agency.Although the investment option may seek to preserve the value of an investment, it is possible to lose money by investing in the portfolio.

7 Real Estate investment options are subject to investment and liquidity risk and other risks inherent in real estate such as those associated with generaland local economic conditions. Property values can decline due to environmental and other reasons. In addition, fluctuation in interest rates cannegatively impact the performance of real estate investment options.

8 S&P 500 is a trademark of S&P Global and is used under license. The product is not sponsored, endorsed, sold or promoted by Standard & Poor's andStandard & Poor's makes no representation regarding the advisability of investing in the product.



11 As of December 3, 2001, Bond, Intermediate-Term Bond, and Premium Bond merged into Diversified Bond. For periods prior to December 3, 2001,Institutional Class has been restated to reflect the expenses of the Advisor Class.

12 This investment option is closed to new investors.


Contract/Plan ID Number: 4-5447513 These calculated returns reflect the historical performance of the oldest share class of the fund, adjusted to reflect a portion of the fees and expenses

of this share class. For time periods prior to inception date of the fund, predecessor performance is reflected. Please see the fund's prospectus formore information on specific expenses, and the fund's most recent shareholder report for actual date of first sale. Expenses are deducted fromincome earned by the fund. As a result, dividends and investment results will differ for each share class.

14 Principal Fixed Income Option is the Group Annuity Contract - Custodial Guaranteed Fund Contract available through Principal Life InsuranceCompany, a member of the Principal Financial Group, Des Moines, Iowa, 50392.

15 Equity investment options involve greater risk, including heightened volatility, than fixed-income investment options. Fixed-income investmentoptions are subject to interest rate risk, and their value will decline as interest rates rise.

16 Asset allocation does not guarantee a profit or protect against a loss. Investing in real estate, small-cap, international, and high-yield investmentoptions involves additional risks.

17 Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Neither the principal of bondinvestment options nor their yields are guaranteed by the U.S. government.

18 The Principal Fixed Income Option is an insurance product that provides a guaranteed crediting rate for specified periods of time. As an insuranceproduct, this option does not have a fixed investment management fee or expense ratio; those are concepts unique to investment products. Rather,the product provides a guarantee that is backed by the General Account of Principal Life Insurance Company. The calculation of each guaranteeincludes some amount of expected costs and expenses. While we target a certain level of expense, there are many factors that can change our actualcost of providing the guarantee. This can include factors such as changes in the interest rate environment. While it is impossible to know the actualexpense due to these factors, Principal Life Insurance Company, as a provider of administrative services to the plan, assumes that it will receive 65basis points (from the expense built into the Principal Fixed Income Option) as part of the overall fee arrangement a plan pays for services fromPrincipal Life.

19 Fixed-income and asset allocation investment options that invest in mortgage securities are subject to increased risk due to real estate exposure.

20 This Separate Account invests solely in the least expensive share class of a mutual fund (Fund) from Principal Funds, Inc. The investment manager ofthe Fund, Principal Global Investors, invests between 10% and 40% of the Fund's assets in common stocks in an attempt to match or exceed theperformance of the Fund's benchmark index for performance.

21 Asset allocation and diversification do not ensure a profit or protect against a loss. Additionally there is no guarantee this investment option willprovide adequate income at or through retirement.

22 The Investment Advisor will display "Multiple Sub-Advisors" for certain target-date, target-risk and specialty investment options where the assets aredirected by the Investment Manager to multiple underlying investment options. These underlying investment options may use multiple sub-advisorswho are responsible for the day-to-day management responsibilities.

23 For Mutual Fund Network investment options, returns for all time periods, except the Since Inception time frame, may include the historicalperformance of the oldest share class of the fund, adjusted to reflect a portion of the fees and expenses of this share class. Since Inception returnsdisplay the actual return of this share class and do not reflect the adjusted returns of the oldest share class. Please see the fund's prospectus for moreinformation on specific expenses, and the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from incomeearned by the fund. As a result, dividends and investment results will differ for each share class.

24 The net return experienced may be negative if the costs to maintain and operate the Liquid Assets Separate Account exceed returns. Participants mayalso see negative returns if plan expenses, if applicable, are netted or deducted from their accounts.

25 The risks associated with derivative investments include that the underlying security, interest rate, market index, or other financial asset will not movein the direction the Investment Adviser and/or Sub-Advisor anticipated, the possibility that there may be no liquid secondary market, the risk thatadverse price movements in an instrument can result in a loss substantially greater than a fund's initial investment, the possibility that thecounterparty may fail to perform its obligations; and the inability to close out certain hedged positions to avoid adverse tax consequences.

26 International and global investing involves greater risks such as currency fluctuations, political/social instability and differing accounting standards.

27 Formerly known as Bond and Mortgage Separate Account.

28 Prior to January 1, 2017, the name of this investment option was Principal Money Market Separate Account.

29 Investment manager/sub-advisor means either the Investment Advisor or Sub-Advisor to the investment option or the underlying asset(s). PrincipalLife Insurance Company is the Investment Manager as defined by ERISA, with regard to the assets of the Separate Accounts. Principal GlobalInvestors is a member of the Principal Financial Group.

30 Investment manager/sub-advisor means either the Investment Advisor or Sub-Advisor to the investment option or the underlying asset(s).

31 Investment manager/sub-advisor means either the Investment Advisor or Sub-Advisor to the investment option or the underlying asset(s). PrincipalLife Insurance Company is the Investment Manager as defined by ERISA, with regard to the assets of the Separate Accounts. Principal GlobalInvestors is a member of the Principal Financial Group. Edge Asset Management is an internal investment boutique of Principal Global Investors.

32 Effective October 2, 2017, this portfolio is sub-advised by Neuberger Berman, Mellon and DDJ. Prior to October 2, 2017, the portfolio was sub-advisedby JP Morgan and Neuberger Berman. The portfolio has had various sub-advisors since its inception. Performance results displayed reflect allsub-advisors managing this portfolio during the time periods displayed.



33 This Separate Account invests directly in the Institutional class shares of a Principal LifeTime Fund. The mutual fund operating expenses for eachPrincipal LifeTime Fund are reflected in the Total Investment Expense of the Separate Accounts well as the operating expenses of the underlyingfunds in which the Principal LifeTime Fund invests. Based on the asset allocation of the Principal LifeTime Funds as in the prospectus dated March 1,2018, the weighted average operating expenses of the underlying funds are: Principal LifeTime Strategic Income, 0.62%; Principal LifeTime 2010,0.65%; Principal LifeTime 2015, 0.66%; Principal LifeTime 2020, 0.69%; Principal LifeTime 2025, 0.70%; Principal LifeTime 2030, 0.71%; PrincipalLifeTime 2035, 0.66%; Principal LifeTime 2040, 0.68%; Principal LifeTime 2045, 0.69%; Principal LifeTime 2050, 0.70%; Principal LifeTime 2055,0.71%; Principal LifeTime 2060, 0.71%; Principal LifeTime 2065, 0.72%. For further information on all mutual fund expenses, see the prospectus ofthe underlying Principal LifeTime Fund. All voting rights associated with ownership of shares in the mutual fund are the rights of the SeparateAccount, not of contract holders investing in the Separate Account.

34 Effective June 29, 2018, this portfolio is sub-advised by Vaughn Nelson, LA Capital and Hotchkis & Wiley. Prior to June 29, 2018, the portfolio wassub-advised by DFA, Vaughn Nelson and LA Capital. The portfolio has had various sub-advisors since its inception. Performance results displayedreflect all sub-advisors managing this portfolio during the time periods displayed.

35 The Morley Stable Value Fund (the Fund), is a collective investment trust maintained by Principal Global Investors Trust Company, (the TrustCompany). The Trust Company has retained Morley Capital Management (the Adviser), to serve as investment adviser with respect to the Fund,subject to the Trust Company's supervision and review. The Adviser is a specialized investment boutique of Principal Global Investors and is undercommon control with the Trust Company. The Fund is not a mutual fund and is not registered with the Securities and Exchange Commission, theState of Oregon, or any other regulatory body. Units of the Fund are not deposits or obligations of, guaranteed by, or insured by the Trust Companyor any affiliate, and are not insured by the FDIC or any other federal or state government agency. The value of the Fund may fluctuate so that whenredeemed, units may be worth more, or less, than the original cost. The declaration of trust, participation agreement, and disclosure documentscontain important information about investment objectives, risks, fees and expenses associated with investment in the Fund and should be readcarefully before investing. Direct investment in the Fund is limited to participating trusts (also known as investing plan/trust) that meet certainrequirements described in the declaration of trust, that enter into a participation agreement with the Trust Company. The Fund cannot acceptinvestment directly from individuals and is subject to restrictions regarding transfer and withdrawal of assets including potential deferral ofwithdrawal requests by up to 12 months, as defined in the applicable declaration of trust.

E Investment option limits the number of transfers allowed into the investment option. All participant investment transfers and non-scheduledrebalancing activity are counted toward the number of transfers allowed. When the number of allowed transfers into the investment option is met,no additional investment transfers into the investment option will be allowed until the holding period elapses. Contributions into the investmentoption are not impacted.

F Investment option limits transfer activity. Once the number of allowed transfers is met, participants are not allowed to transfer back into aninvestment option which they have transferred out of until the holding period elapses. All participant investment transfers and non-scheduledrebalancing activity are counted toward the number of transfers allowed. Contributions into the investment option are not impacted. Participantsmay still transfer out to different investment options or to money market or Guaranteed options.

G Investment option limits transfer activity. Once the number of allowed transfers is met, participants are not allowed to transfer amounts valued atthe threshold amount or more back into the investment option which they have transferred out of until the holding period elapses. All participantinvestment transfers and non-scheduled rebalancing activity valued at the threshold amount or more are counted toward the number of transfersallowed. Contributions into the investment option are not impacted. Participant transfers made for less than the threshold amount do not count andare not limited.

-- Principal Life works with each fund family to implement each funds' policy and establish frequent trading guidelines that best mirror Prospectuslanguage. Mutual Fund Network investment managers have the ability to monitor for excessive trading and may enforce frequent purchaselimitations in addition to or in lieu of policy monitored by Principal Life Insurance Company. Please refer to the Prospectus for verification.

Benchmark Descriptions

Morningstar Lifetime Moderate 2035 Index represents a portfolio of global equities, bonds and traditional inflation hedges such as commodities andTIPS. This portfolio is held in proportions appropriate for a U.S. investor who is about 25 years away from retirement.


S&P Target Date 2060 Index provides varying levels of exposure to equities and fixed income. Each target date allocation is created and retiredaccording to a pre-determined schedule related to the respective target date.


Russell 1000 Index consists of the 1000 largest companies within the Russell 3000 index. Also known as the Market-Oriented Index, because itrepresents the group of stocks from which most active money managers choose.

Morningstar Lifetime Moderate 2020 Index represents a portfolio of global equities, bonds and traditional inflation hedges such as commodities andTIPS. This portfolio is held in proportions appropriate for a U.S. investor who is about ten years away from retirement.

Merrill Lynch U.S. High Yield Master II Index measures the performance of high yield bonds.




Contract/Plan ID Number: 4-54475Morningstar Lifetime Moderate 2045 Index represents a portfolio of global equities, bonds and traditional inflation hedges such as commodities andTIPS. This portfolio is held in proportions appropriate for a U.S. investor who is about 35 years away from retirement.


MSCI ACWI Ex USA Index is a free float-adjusted market capitalization index that is designed to measure the combined equity market performance ofdeveloped and emerging market countries excluding the US.


Bloomberg Barclays Aggregate Bond Index represents securities that are domestic, taxable, and dollar denominated. The index covers the U.S.investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, andasset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis.

S&P Target Date Retirement Income Index provides varying levels of exposure to equities and fixed income. Each target date allocation is created andretired according to a pre-determined schedule related to the respective target date.




Russell 2000 Value Index is a market-weighted total return index that measures the performance of companies within the Russell 2000 Index havinglower price-to-book ratios and lower forecasted growth values.


Russell 1000 Growth Index is a market-capitalization weighted index of those firms in the Russell 1000 with higher price-to-book ratios and higherforecasted growth values.

Morningstar Lifetime Moderate 2010 Index represents a portfolio of global equities, bonds and traditional inflation hedges such as commodities andTIPS. This portfolio is held in proportions appropriate for a U.S. investor who is near retirement.

Russell 1000 Value Index is a market-capitalization weighted index of those firms in the Russell 1000 with lower price-to-book ratios and lowerforecasted growth values.

MSCI US REIT Index is a capitalization-weighted benchmark index of most actively traded Real Estate Investment Trusts (REITs), designed to measurereal estate performance.

Morningstar Lifetime Moderate 2015 Index represents a portfolio of global equities, bonds and traditional inflation hedges such as commodities andTIPS. This portfolio is held in proportions appropriate for a U.S. investor who is about five years away from retirement.

MSCI Emerging Markets NR Index measures equity market performance in the global emerging markets. It consists of 26 emerging market countriesin Europe, Latin America and the Pacific Basin.

Russell Midcap Growth Index is a market-weighted total return index that measures the performance of companies within the Russell Midcap Indexhaving higher price-to-book ratios and higher forecasted growth values.

Russell Midcap Value Index is a market-weighted total return index that measures the performance of companies within the Russell Midcap indexhaving lower price-to-book ratios and lower forecasted growth values.

Bloomberg Barclays 1-3 Yr Government Index is comprised of both the Treasury Bond Index and the Agency Bond Index.

Standard & Poor's 400 MidCap Stock Index includes approximately 10% of the capitalization of U.S. equity securities. These are comprised of stocksin the middle capitalization range.

Standard & Poor's 600 Stock Index is a small cap index that consists of 600 domestic stocks chosen for market size, liquidity, and industry grouprepresentation.

Standard & Poor's 500 Index is a market capitalization-weighted index of 500 widely held stocks often used as a proxy for the stock market.

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Investment Option Summary - Rebrand · 2018-11-08 · Investment Option Summary - Page 4 of 30...

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