SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
First American Government Obligations Fund 4.67%$ 74,692,712 74,692,712
Waste Connections Inc 1.36%$ 21,819,716 308,755
Bright Horizons Family Solutions Inc 1.31%$ 20,898,063 242,156
Blackbaud Inc 1.23%$ 19,598,815 193,473
Catalent Inc 1.18%$ 18,883,767 443,385
Proofpoint Inc 1.06%$ 16,943,651 183,353
Cogent Communications Holdings Inc 1.04%$ 16,686,362 309,580
Guidewire Software Inc 0.98%$ 15,659,364 195,791
BroadSoft Inc 0.95%$ 15,224,824 277,572
SiteOne Landscape Supply Inc 0.90%$ 14,466,308 227,780
Aspen Technology Inc 0.90%$ 14,434,479 223,721
Cavium Inc 0.90%$ 14,393,936 208,638
Hexcel Corp 0.89%$ 14,225,554 234,397
Five Below Inc 0.88%$ 14,139,580 255,920
2U Inc 0.88%$ 14,049,949 220,807
Planet Fitness Inc 0.83%$ 13,221,405 496,299
Kennametal Inc 0.81%$ 12,976,665 297,289
Charles River Laboratories International Inc 0.81%$ 12,880,280 110,760
IDEX Corp 0.79%$ 12,695,354 99,020
Teladoc Inc 0.76%$ 12,132,721 367,102
LendingTree Inc 0.75%$ 11,970,577 44,658
Grand Canyon Education Inc 0.73%$ 11,685,351 130,548
Genpact Ltd 0.73%$ 11,665,091 383,090
GrubHub Inc 0.72%$ 11,572,260 189,647
Broadridge Financial Solutions Inc 0.72%$ 11,448,926 133,251
Monolithic Power Systems Inc 0.70%$ 11,198,750 92,042
Mercury Systems Inc 0.70%$ 11,180,518 221,528
Vonage Holdings Corp 0.69%$ 11,048,906 1,359,029
H&E Equipment Services Inc 0.67%$ 10,676,974 324,134
Ollie's Bargain Outlet Holdings Inc 0.65%$ 10,443,412 233,895
Liberty TripAdvisor Holdings Inc 0.65%$ 10,320,523 955,604
Woodward Inc 0.63%$ 10,155,672 131,329
Lumentum Holdings Inc 0.63%$ 10,087,328 159,736
Clovis Oncology Inc 0.62%$ 9,988,711 132,529
Tetra Tech Inc 0.62%$ 9,958,498 202,203
Paylocity Holding Corp 0.60%$ 9,673,993 181,127
Trex Co Inc 0.60%$ 9,588,696 87,608
Healthcare Services Group Inc 0.59%$ 9,422,671 178,156
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
Dycom Industries Inc 0.58%$ 9,328,776 106,214
HEICO Corp 0.57%$ 9,128,212 100,664
Freshpet Inc 0.56%$ 8,991,041 578,202
Lithia Motors Inc 0.56%$ 8,891,760 78,563
Knight-Swift Transportation Holdings Inc 0.55%$ 8,873,782 214,084
PolyOne Corp 0.54%$ 8,715,292 189,175
Penumbra Inc 0.54%$ 8,687,118 86,396
Mimecast Ltd 0.53%$ 8,483,003 266,845
LogMeIn Inc 0.53%$ 8,450,501 69,810
ESCO Technologies Inc 0.53%$ 8,435,144 145,559
iRhythm Technologies Inc 0.53%$ 8,418,469 165,230
Trade Desk Inc/The 0.53%$ 8,414,490 127,647
Cotiviti Holdings Inc 0.52%$ 8,351,238 237,521
Ciena Corp 0.52%$ 8,286,601 389,591
Installed Building Products Inc 0.51%$ 8,207,036 117,748
RingCentral Inc 0.51%$ 8,177,016 193,998
MAXIMUS Inc 0.51%$ 8,151,360 122,706
Nevro Corp 0.51%$ 8,130,402 92,834
Puma Biotechnology Inc 0.50%$ 8,046,251 63,207
Sarepta Therapeutics Inc 0.49%$ 7,915,044 160,516
Fair Isaac Corp 0.49%$ 7,821,221 53,880
Cimpress NV 0.49%$ 7,809,294 71,553
Vocera Communications Inc 0.48%$ 7,724,266 273,716
Q2 Holdings Inc 0.48%$ 7,658,915 179,998
ICON PLC 0.48%$ 7,630,099 64,194
Envestnet Inc 0.47%$ 7,537,837 141,158
New Relic Inc 0.47%$ 7,508,193 146,273
Liberty Ventures 0.47%$ 7,447,235 130,745
Vail Resorts Inc 0.46%$ 7,390,475 32,270
Intersect ENT Inc 0.46%$ 7,324,173 247,021
Silicon Laboratories Inc 0.46%$ 7,306,066 76,987
Pool Corp 0.46%$ 7,303,567 60,470
Core-Mark Holding Co Inc 0.46%$ 7,287,171 213,951
Sleep Number Corp 0.45%$ 7,233,818 222,579
EPAM Systems Inc 0.45%$ 7,225,187 79,267
Hilton Grand Vacations Inc 0.44%$ 7,046,390 172,031
Chegg Inc 0.43%$ 6,951,753 448,211
Summit Materials Inc 0.43%$ 6,893,682 219,544
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
SVB Financial Group 0.43%$ 6,882,541 31,387
BeiGene Ltd 0.43%$ 6,843,491 74,144
Casey's General Stores Inc 0.43%$ 6,801,104 59,362
Western Alliance Bancorp 0.42%$ 6,779,979 121,505
RBC Bearings Inc 0.42%$ 6,725,159 54,314
Houlihan Lokey Inc 0.42%$ 6,663,298 160,060
BankUnited Inc 0.42%$ 6,638,995 190,502
Pacific Premier Bancorp Inc 0.41%$ 6,529,812 161,629
Gardner Denver Holdings Inc 0.41%$ 6,487,442 224,868
Acxiom Corp 0.40%$ 6,407,170 254,657
MACOM Technology Solutions Holdings Inc 0.40%$ 6,361,582 155,616
Henry Schein Inc 0.39%$ 6,295,860 80,100
Blackline Inc 0.39%$ 6,294,606 177,213
HubSpot Inc 0.39%$ 6,283,270 72,597
KLX Inc 0.39%$ 6,265,561 114,210
John Bean Technologies Corp 0.39%$ 6,172,192 57,738
Medidata Solutions Inc 0.38%$ 6,151,783 81,773
Advanced Energy Industries Inc 0.38%$ 6,051,380 71,428
Lincoln Electric Holdings Inc 0.38%$ 6,022,261 65,695
Webster Financial Corp 0.37%$ 5,996,605 109,049
QTS Realty Trust Inc 0.37%$ 5,983,773 103,436
Chefs' Warehouse Inc/The 0.37%$ 5,983,384 299,919
Nutrisystem Inc 0.37%$ 5,960,334 119,326
Ultimate Software Group Inc/The 0.37%$ 5,942,167 29,331
Nordson Corp 0.37%$ 5,920,224 46,730
Sterling Bancorp/DE 0.37%$ 5,854,135 233,698
GTT Communications Inc 0.36%$ 5,837,577 160,153
Buffalo Wild Wings Inc 0.36%$ 5,787,308 48,962
CoStar Group Inc 0.36%$ 5,779,842 19,543
Floor & Decor Holdings Inc 0.36%$ 5,713,699 151,557
Stifel Financial Corp 0.36%$ 5,692,452 107,344
Neurocrine Biosciences Inc 0.35%$ 5,591,825 90,031
Liberty Media Corp-Liberty Formula One - A Shares 0.35%$ 5,558,134 152,696
Genesee & Wyoming Inc 0.34%$ 5,488,729 76,466
Matador Resources Co 0.34%$ 5,434,891 204,704
Take-Two Interactive Software Inc 0.34%$ 5,374,602 48,573
US Concrete Inc 0.33%$ 5,314,394 67,959
Papa John's International Inc 0.33%$ 5,290,479 77,744
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
ConnectOne Bancorp Inc 0.33%$ 5,269,044 196,240
Adamas Pharmaceuticals Inc 0.32%$ 5,186,047 210,302
Aimmune Therapeutics Inc 0.32%$ 5,176,233 178,061
Blueprint Medicines Corp 0.32%$ 5,166,679 77,788
FCB Financial Holdings Inc 0.32%$ 5,162,405 110,544
Varonis Systems Inc 0.32%$ 5,108,656 117,171
BofI Holding Inc 0.32%$ 5,086,064 189,073
Apogee Enterprises Inc 0.32%$ 5,085,202 106,541
Prosperity Bancshares Inc 0.32%$ 5,073,217 77,124
Ultragenyx Pharmaceutical Inc 0.31%$ 4,914,992 106,639
Astec Industries Inc 0.31%$ 4,883,716 94,008
Supernus Pharmaceuticals Inc 0.30%$ 4,763,658 114,511
Alder Biopharmaceuticals Inc 0.29%$ 4,647,364 413,099
Alarm.com Holdings Inc 0.29%$ 4,618,799 98,946
Loxo Oncology Inc 0.29%$ 4,614,040 53,552
PriceSmart Inc 0.29%$ 4,608,162 54,990
Kratos Defense & Security Solutions Inc 0.29%$ 4,586,566 380,944
GMS Inc 0.28%$ 4,530,455 133,053
Dave & Buster's Entertainment Inc 0.28%$ 4,509,833 93,565
Carlisle Cos Inc 0.28%$ 4,473,266 40,729
Tutor Perini Corp 0.28%$ 4,466,288 158,379
Carrols Restaurant Group Inc 0.28%$ 4,444,830 395,096
IPG Photonics Corp 0.28%$ 4,421,289 20,766
WEX Inc 0.28%$ 4,403,265 35,628
Global Payments Inc 0.27%$ 4,379,725 42,133
Meritage Homes Corp 0.27%$ 4,344,771 89,215
Moelis & Co 0.27%$ 4,292,399 100,407
Forum Energy Technologies Inc 0.26%$ 4,227,811 293,598
Bank of the Ozarks 0.26%$ 4,148,621 88,988
Oil States International Inc 0.26%$ 4,146,695 179,900
Advanced Disposal Services Inc 0.26%$ 4,140,308 166,144
Portola Pharmaceuticals Inc 0.25%$ 4,045,691 81,880
Avexis Inc 0.25%$ 4,040,775 38,664
Biohaven Pharmaceutical Holding Co Ltd 0.25%$ 3,972,459 132,151
Carpenter Technology Corp 0.25%$ 3,968,263 79,700
Aerie Pharmaceuticals Inc 0.25%$ 3,947,307 63,924
Tactile Systems Technology Inc 0.24%$ 3,906,115 136,149
8x8 Inc 0.24%$ 3,804,069 284,949
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
Wix.com Ltd 0.23%$ 3,723,760 53,349
Sage Therapeutics Inc 0.23%$ 3,675,998 58,091
Prothena Corp PLC 0.23%$ 3,607,749 62,149
Insmed Inc 0.22%$ 3,591,736 132,978
Steven Madden Ltd 0.22%$ 3,561,168 91,312
K2M Group Holdings Inc 0.22%$ 3,559,381 180,771
Ignyta Inc 0.22%$ 3,523,043 228,769
CoreLogic Inc/United States 0.22%$ 3,521,299 75,081
CareTrust REIT Inc 0.22%$ 3,487,031 184,499
Box Inc 0.21%$ 3,324,635 151,464
Innospec Inc 0.20%$ 3,274,401 52,941
Hamilton Lane Inc 0.20%$ 3,266,664 118,831
Reata Pharmaceuticals Inc 0.20%$ 3,264,093 107,797
Coherent Inc 0.20%$ 3,186,672 12,130
Microsemi Corp 0.20%$ 3,183,307 59,646
Habit Restaurants Inc/The 0.20%$ 3,181,776 258,681
Wayfair Inc 0.19%$ 3,115,094 44,565
Acceleron Pharma Inc 0.19%$ 3,049,683 78,197
OSI Systems Inc 0.19%$ 2,979,467 33,712
Agios Pharmaceuticals Inc 0.18%$ 2,945,301 45,827
Medicines Co/The 0.18%$ 2,899,033 100,871
MakeMyTrip Ltd 0.18%$ 2,893,527 105,990
Bluebird Bio Inc 0.18%$ 2,862,539 20,579
PQ Group Holdings Inc 0.18%$ 2,856,224 174,160
Opus Bank 0.17%$ 2,776,843 107,214
Primoris Services Corp 0.17%$ 2,755,675 97,477
REV Group Inc 0.17%$ 2,706,136 104,889
G1 Therapeutics Inc 0.17%$ 2,701,098 114,308
Tennant Co 0.17%$ 2,654,094 38,271
Lindblad Expeditions Holdings Inc 0.16%$ 2,594,144 241,991
Imperva Inc 0.16%$ 2,593,683 60,742
Burlington Stores Inc 0.16%$ 2,578,219 27,460
TESARO Inc 0.16%$ 2,545,667 21,989
Matthews International Corp 0.16%$ 2,524,936 40,174
Audentes Therapeutics Inc 0.16%$ 2,505,549 94,229
WageWorks Inc 0.16%$ 2,483,381 38,955
Daseke Inc 0.15%$ 2,426,377 175,443
National Instruments Corp 0.15%$ 2,413,350 53,630
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
Red Robin Gourmet Burgers Inc 0.15%$ 2,347,898 34,326
Inphi Corp 0.15%$ 2,338,811 57,072
Exact Sciences Corp 0.14%$ 2,293,468 41,707
Jack in the Box Inc 0.14%$ 2,286,432 22,089
Internap Corp 0.14%$ 2,224,523 478,392
Signature Bank/New York NY 0.14%$ 2,194,049 16,876
AtriCure Inc 0.13%$ 2,156,349 100,576
IDEXX Laboratories Inc 0.13%$ 2,100,721 12,642
Masonite International Corp 0.13%$ 2,045,745 30,488
Model N Inc 0.13%$ 2,041,700 140,323
GW Pharmaceuticals PLC 0.13%$ 2,016,938 18,684
Callon Petroleum Co 0.13%$ 2,004,972 180,791
Cambrex Corp 0.13%$ 2,001,480 46,277
NeoGenomics Inc 0.12%$ 1,979,136 228,274
Allegheny Technologies Inc 0.12%$ 1,965,803 78,070
HealthStream Inc 0.12%$ 1,921,896 78,573
Air Transport Services Group Inc 0.12%$ 1,892,609 78,207
Radius Health Inc 0.12%$ 1,856,119 57,805
Atlas Air Worldwide Holdings Inc 0.12%$ 1,855,838 30,250
Cleveland-Cliffs Inc 0.11%$ 1,827,902 306,695
Tabula Rasa HealthCare Inc 0.11%$ 1,790,242 61,989
Monmouth Real Estate Investment Corp 0.11%$ 1,786,559 104,845
Clarus Corp 0.11%$ 1,786,179 244,682
Manitowoc Co Inc/The 0.11%$ 1,761,943 185,078
KeyW Holding Corp/The 0.11%$ 1,758,667 232,936
NuCana PLC 0.11%$ 1,739,954 153,165
Churchill Downs Inc 0.11%$ 1,713,655 8,217
PDC Energy Inc 0.11%$ 1,691,385 33,210
Live Oak Bancshares Inc 0.11%$ 1,681,776 70,961
Cirrus Logic Inc 0.10%$ 1,637,216 29,236
Global Eagle Entertainment Inc 0.10%$ 1,625,719 669,020
Tilly's Inc 0.10%$ 1,618,462 135,891
Merit Medical Systems Inc 0.10%$ 1,585,810 41,677
NV5 Global Inc 0.10%$ 1,578,809 27,174
Chuy's Holdings Inc 0.10%$ 1,573,290 69,924
ChannelAdvisor Corp 0.10%$ 1,557,506 138,445
Deciphera Pharmaceuticals Inc 0.10%$ 1,556,808 81,126
KapStone Paper and Packaging Corp 0.09%$ 1,382,458 61,552
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
TreeHouse Foods Inc 0.09%$ 1,381,301 20,809
Penn National Gaming Inc 0.08%$ 1,318,145 50,523
Cloudera Inc 0.08%$ 1,279,438 84,563
II-VI Inc 0.08%$ 1,258,865 27,851
Carvana Co 0.07%$ 1,162,448 81,978
Coherus Biosciences Inc 0.07%$ 1,141,661 101,481
Jounce Therapeutics Inc 0.07%$ 1,104,012 78,858
Oclaro Inc 0.07%$ 1,090,209 131,827
Customers Bancorp Inc 0.07%$ 1,080,449 39,519
BWX Technologies Inc 0.07%$ 1,043,986 17,423
Pinnacle Financial Partners Inc 0.06%$ 1,005,578 15,190
MKS Instruments Inc 0.06%$ 997,842 9,184
GSV Capital Corp 0.06%$ 983,723 175,979
elf Beauty Inc 0.06%$ 883,750 41,706
ForeScout Technologies Inc 0.05%$ 873,730 33,800
Intercept Pharmaceuticals Inc 0.05%$ 823,377 13,360
Entegris Inc 0.05%$ 805,061 24,582
Littelfuse Inc 0.05%$ 804,650 3,850
TimkenSteel Corp 0.05%$ 802,256 57,304
USA Technologies Inc 0.05%$ 761,492 119,920
Paycom Software Inc 0.05%$ 719,908 8,758
PRA Health Sciences Inc 0.04%$ 716,421 8,798
Masimo Corp 0.04%$ 709,803 8,088
Primerica Inc 0.04%$ 685,964 7,751
Curtiss-Wright Corp 0.04%$ 679,465 5,746
Cash Account Trust - Government & Agency Portfolio - Government Cash Managed 0.04%$ 664,786 664,786
Stamps.com Inc 0.04%$ 659,736 2,940
Chemed Corp 0.04%$ 649,958 2,909
Louisiana-Pacific Corp 0.04%$ 649,792 23,907
Cantel Medical Corp 0.04%$ 645,268 6,579
EMCOR Group Inc 0.04%$ 636,110 7,901
j2 Global Inc 0.04%$ 631,599 8,519
Brink's Co/The 0.04%$ 606,517 7,970
Science Applications International Corp 0.04%$ 601,021 8,195
Essent Group Ltd 0.04%$ 599,578 14,068
Sequential Brands Group Inc 0.04%$ 596,775 229,529
Deluxe Corp 0.04%$ 590,562 8,479
Texas Roadhouse Inc 0.04%$ 584,817 11,694
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
INC Research Holdings Inc 0.04%$ 584,473 10,227
FibroGen Inc 0.04%$ 579,276 10,372
Generac Holdings Inc 0.04%$ 564,031 10,828
On Assignment Inc 0.03%$ 557,163 9,101
Neogen Corp 0.03%$ 553,380 6,900
Nutanix Inc 0.03%$ 550,820 19,327
Integra LifeSciences Holdings Corp 0.03%$ 543,911 11,627
Evercore Inc - Class A 0.03%$ 543,879 6,790
HealthSouth Corp 0.03%$ 540,899 11,723
Ingevity Corp 0.03%$ 535,293 7,515
EnerSys 0.03%$ 531,790 7,666
EastGroup Properties Inc 0.03%$ 520,168 5,742
MasTec Inc 0.03%$ 512,975 11,779
Rogers Corp 0.03%$ 506,274 3,329
ACI Worldwide Inc 0.03%$ 497,228 20,649
Integrated Device Technology Inc 0.03%$ 495,567 15,950
Itron Inc 0.03%$ 483,827 6,191
RealPage Inc 0.03%$ 480,760 11,103
MSA Safety Inc 0.03%$ 480,419 6,043
Marriott Vacations Worldwide Corp 0.03%$ 475,543 3,613
Wolverine World Wide Inc 0.03%$ 466,694 17,095
Ligand Pharmaceuticals Inc 0.03%$ 466,428 3,209
Green Dot Corp 0.03%$ 464,001 8,195
InterDigital Inc/PA 0.03%$ 459,684 6,267
PS Business Parks Inc 0.03%$ 459,053 3,469
Hillenbrand Inc 0.03%$ 455,141 11,508
Cabot Microelectronics Corp 0.03%$ 451,062 4,666
Applied Industrial Technologies Inc 0.03%$ 446,123 7,009
Globus Medical Inc 0.03%$ 441,431 13,851
Yelp Inc 0.03%$ 431,973 9,246
ExlService Holdings Inc 0.03%$ 431,759 6,917
Big Lots Inc 0.03%$ 424,949 8,282
Nektar Therapeutics 0.03%$ 424,924 17,639
Sinclair Broadcast Group Inc 0.03%$ 422,498 13,328
Pegasystems Inc 0.03%$ 422,209 7,242
Trinseo SA 0.03%$ 416,912 5,872
Boyd Gaming Corp 0.03%$ 416,674 14,255
Dana Inc 0.03%$ 414,054 13,580
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
Select Medical Holdings Corp 0.03%$ 412,031 21,516
Haemonetics Corp 0.03%$ 410,633 8,634
Performance Food Group Co 0.03%$ 408,765 14,444
Insulet Corp 0.03%$ 406,906 6,919
Lancaster Colony Corp 0.03%$ 404,711 3,232
Appian Corp 0.03%$ 402,725 17,434
CommVault Systems Inc 0.03%$ 402,242 7,728
Sensient Technologies Corp 0.03%$ 400,860 5,271
Etsy Inc 0.02%$ 393,335 23,553
Aerojet Rocketdyne Holdings Inc 0.02%$ 392,382 12,425
Texas Capital Bancshares Inc 0.02%$ 391,528 4,550
JELD-WEN Holding Inc 0.02%$ 382,999 10,385
HB Fuller Co 0.02%$ 381,427 6,707
Ferro Corp 0.02%$ 379,191 15,919
Quaker Chemical Corp 0.02%$ 378,515 2,437
Potlatch Corp 0.02%$ 376,741 7,273
Progress Software Corp 0.02%$ 374,578 8,849
New York Times Co/The 0.02%$ 373,290 19,544
Corcept Therapeutics Inc 0.02%$ 371,019 18,843
Tenneco Inc 0.02%$ 369,289 6,355
Amicus Therapeutics Inc 0.02%$ 368,488 25,877
Avis Budget Group Inc 0.02%$ 367,703 8,914
Omnicell Inc 0.02%$ 363,440 7,298
Blackhawk Network Holdings Inc 0.02%$ 362,416 10,675
Ellie Mae Inc 0.02%$ 362,409 4,029
Franklin Electric Co Inc 0.02%$ 360,770 7,929
Zendesk Inc 0.02%$ 358,577 11,567
LCI Industries 0.02%$ 357,287 2,886
Cracker Barrel Old Country Store Inc 0.02%$ 357,225 2,288
Children's Place Inc/The 0.02%$ 355,776 3,270
Molina Healthcare Inc 0.02%$ 355,429 5,240
Inogen Inc 0.02%$ 354,070 3,579
Worthington Industries Inc 0.02%$ 351,033 7,715
Qualys Inc 0.02%$ 349,881 6,614
Ebix Inc 0.02%$ 349,263 5,140
RH 0.02%$ 348,530 3,876
Ryman Hospitality Properties Inc 0.02%$ 348,042 5,263
Taylor Morrison Home Corp 0.02%$ 345,852 14,321
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
Nexstar Media Group Inc 0.02%$ 345,094 5,409
Shenandoah Telecommunications Co 0.02%$ 344,660 9,070
NuVasive Inc 0.02%$ 342,706 6,041
Home BancShares Inc/AR 0.02%$ 340,167 15,132
HRG Group Inc 0.02%$ 338,966 20,898
Spark Therapeutics Inc 0.02%$ 338,081 4,179
Forward Air Corp 0.02%$ 335,679 5,844
Builders FirstSource Inc 0.02%$ 334,938 18,587
Methode Electronics Inc 0.02%$ 333,975 7,121
Comfort Systems USA Inc 0.02%$ 332,826 7,513
J&J Snack Foods Corp 0.02%$ 331,327 2,488
Halozyme Therapeutics Inc 0.02%$ 331,285 18,685
Herman Miller Inc 0.02%$ 329,885 9,818
Beacon Roofing Supply Inc 0.02%$ 328,083 5,921
Wright Medical Group NV 0.02%$ 326,183 12,445
Ironwood Pharmaceuticals Inc 0.02%$ 324,287 21,085
Magellan Health Inc 0.02%$ 321,240 3,766
Harsco Corp 0.02%$ 318,516 14,989
Balchem Corp 0.02%$ 317,858 3,771
Semtech Corp 0.02%$ 316,906 7,720
Eagle Bancorp Inc 0.02%$ 311,789 4,678
Novanta Inc 0.02%$ 309,862 6,551
Fox Factory Holding Corp 0.02%$ 304,998 7,168
Scientific Games Corp 0.02%$ 301,546 6,335
Boston Beer Co Inc/The 0.02%$ 300,548 1,688
TopBuild Corp 0.02%$ 299,133 4,533
Patrick Industries Inc 0.02%$ 299,088 3,216
HealthEquity Inc 0.02%$ 297,855 5,931
Hawaiian Holdings Inc 0.02%$ 297,581 8,883
Prestige Brands Holdings Inc 0.02%$ 297,581 6,345
Winnebago Industries Inc 0.02%$ 289,346 5,887
Artisan Partners Asset Management Inc 0.02%$ 288,444 8,385
Plantronics Inc 0.02%$ 288,172 6,353
TriNet Group Inc 0.02%$ 285,225 8,215
Brooks Automation Inc 0.02%$ 281,482 8,185
Altra Industrial Motion Corp 0.02%$ 279,018 5,825
CSG Systems International Inc 0.02%$ 278,386 6,575
Brady Corp 0.02%$ 278,222 7,312
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
Bank of NT Butterfield & Son Ltd/The 0.02%$ 274,971 7,362
Power Integrations Inc 0.02%$ 274,395 3,415
Urban Edge Properties 0.02%$ 272,793 11,628
Tivity Health Inc 0.02%$ 271,349 5,867
American Woodmark Corp 0.02%$ 269,707 2,792
Kadant Inc 0.02%$ 269,459 2,372
KEMET Corp 0.02%$ 267,638 10,418
ePlus Inc 0.02%$ 267,106 2,794
National Health Investors Inc 0.02%$ 265,294 3,482
AdvanSix Inc 0.02%$ 264,803 5,723
NIC Inc 0.02%$ 263,024 15,472
Advisory Board Co/The 0.02%$ 259,325 4,809
Walker & Dunlop Inc 0.02%$ 258,751 4,714
Proto Labs Inc 0.02%$ 257,475 2,951
Greif Inc - Class A 0.02%$ 255,382 4,599
Weight Watchers International Inc 0.02%$ 255,370 5,685
Financial Engines Inc 0.02%$ 251,545 6,968
B&G Foods Inc 0.02%$ 248,803 7,824
Array BioPharma Inc 0.02%$ 248,198 23,751
Synaptics Inc 0.02%$ 246,811 6,649
AMN Healthcare Services Inc 0.02%$ 246,455 5,614
Inovalon Holdings Inc 0.02%$ 246,108 14,693
LHC Group Inc 0.02%$ 242,854 3,635
ICU Medical Inc 0.02%$ 242,315 1,268
Compass Minerals International Inc 0.02%$ 241,670 3,684
Helen of Troy Ltd 0.01%$ 239,403 2,577
Finisar Corp 0.01%$ 238,955 10,151
OraSure Technologies Inc 0.01%$ 238,501 12,076
Universal Forest Products Inc 0.01%$ 237,880 2,107
Cornerstone OnDemand Inc 0.01%$ 237,717 6,197
Cheesecake Factory Inc/The 0.01%$ 236,988 5,297
Twilio Inc 0.01%$ 236,430 7,400
Multi-Color Corp 0.01%$ 236,191 2,856
Mueller Industries Inc 0.01%$ 235,570 6,779
Sotheby's 0.01%$ 235,004 4,535
Granite Construction Inc 0.01%$ 232,023 3,643
OM Asset Management PLC 0.01%$ 231,798 15,170
Carrizo Oil & Gas Inc 0.01%$ 228,537 12,919
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
Watts Water Technologies Inc 0.01%$ 228,082 3,384
Global Blood Therapeutics Inc 0.01%$ 227,974 5,728
ServisFirst Bancshares Inc 0.01%$ 225,801 5,506
Exponent Inc 0.01%$ 225,390 3,052
RLI Corp 0.01%$ 225,369 3,814
Dorman Products Inc 0.01%$ 225,299 3,260
American States Water Co 0.01%$ 224,084 4,169
Continental Building Products Inc 0.01%$ 223,105 8,356
Covanta Holding Corp 0.01%$ 222,599 13,826
First Financial Bankshares Inc 0.01%$ 222,042 4,864
Steelcase Inc 0.01%$ 221,262 15,207
Coca-Cola Bottling Co Consolidated 0.01%$ 220,823 979
Stepan Co 0.01%$ 219,296 2,746
Repligen Corp 0.01%$ 218,736 5,880
Innoviva Inc 0.01%$ 215,289 17,589
National Vision Holdings Inc 0.01%$ 214,099 7,434
Four Corners Property Trust Inc 0.01%$ 212,125 8,595
Straight Path Communications Inc 0.01%$ 211,641 1,166
iRobot Corp 0.01%$ 211,581 3,149
EnPro Industries Inc 0.01%$ 208,931 2,495
MiMedx Group Inc 0.01%$ 208,459 16,440
NxStage Medical Inc 0.01%$ 206,410 7,659
Allegiant Travel Co 0.01%$ 205,418 1,506
Insperity Inc 0.01%$ 205,079 2,161
California Water Service Group 0.01%$ 203,574 4,847
Physicians Realty Trust 0.01%$ 202,633 11,659
Alamo Group Inc 0.01%$ 199,395 1,890
Heartland Express Inc 0.01%$ 198,028 9,284
Red Rock Resorts Inc 0.01%$ 197,385 8,014
SYNNEX Corp 0.01%$ 196,520 1,457
National Beverage Corp 0.01%$ 196,290 2,005
Bloomin' Brands Inc 0.01%$ 196,238 11,037
LendingClub Corp 0.01%$ 196,174 34,477
Callidus Software Inc 0.01%$ 192,787 7,605
Groupon Inc 0.01%$ 191,129 40,069
Ultra Clean Holdings Inc 0.01%$ 190,558 7,467
HFF Inc 0.01%$ 190,133 4,335
Rush Enterprises Inc - Class A 0.01%$ 184,992 3,643
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
Monro Inc 0.01%$ 184,668 3,742
US Silica Holdings Inc 0.01%$ 181,504 5,949
WD-40 Co 0.01%$ 180,796 1,631
Rexford Industrial Realty Inc 0.01%$ 180,486 6,079
Bob Evans Farms Inc/DE 0.01%$ 180,470 2,338
Pure Storage Inc 0.01%$ 180,369 10,978
HNI Corp 0.01%$ 178,184 5,207
First Industrial Realty Trust Inc 0.01%$ 176,726 5,723
Saia Inc 0.01%$ 174,636 2,695
MDC Holdings Inc 0.01%$ 174,607 4,714
MaxLinear Inc 0.01%$ 173,664 7,097
Washington Real Estate Investment Trust 0.01%$ 173,375 5,386
Viad Corp 0.01%$ 172,699 2,975
Arena Pharmaceuticals Inc 0.01%$ 172,553 6,156
Diebold Nixdorf Inc 0.01%$ 172,060 8,915
Shutterfly Inc 0.01%$ 171,483 4,016
CEVA Inc 0.01%$ 171,368 3,548
Ubiquiti Networks Inc 0.01%$ 171,182 2,753
AAON Inc 0.01%$ 171,010 4,886
Minerals Technologies Inc 0.01%$ 170,259 2,368
Electronics For Imaging Inc 0.01%$ 170,069 5,511
Gray Television Inc 0.01%$ 169,978 10,917
Gigamon Inc 0.01%$ 168,669 4,381
Glaukos Corp 0.01%$ 167,723 4,750
World Wrestling Entertainment Inc 0.01%$ 167,431 6,311
Axcelis Technologies Inc 0.01%$ 166,770 5,069
Koppers Holdings Inc 0.01%$ 166,090 3,421
HMS Holdings Corp 0.01%$ 165,387 8,596
Argan Inc 0.01%$ 165,275 2,404
Insight Enterprises Inc 0.01%$ 165,018 3,663
Viavi Solutions Inc 0.01%$ 164,553 17,732
LTC Properties Inc 0.01%$ 163,762 3,521
Strayer Education Inc 0.01%$ 163,184 1,741
MINDBODY Inc 0.01%$ 163,056 5,056
Natus Medical Inc 0.01%$ 162,138 3,824
IMAX Corp 0.01%$ 161,796 6,672
Camping World Holdings Inc 0.01%$ 161,777 3,850
Sun Hydraulics Corp 0.01%$ 161,774 2,812
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
Amedisys Inc 0.01%$ 161,650 3,360
Applied Optoelectronics Inc 0.01%$ 161,616 3,967
Sangamo Therapeutics Inc 0.01%$ 161,039 12,987
Deltic Timber Corp 0.01%$ 160,864 1,737
Albany International Corp 0.01%$ 160,350 2,657
Wingstop Inc 0.01%$ 159,833 4,719
Lydall Inc 0.01%$ 159,817 2,765
Travelport Worldwide Ltd 0.01%$ 159,740 10,181
3D Systems Corp 0.01%$ 159,578 12,890
Knoll Inc 0.01%$ 159,426 7,513
Cavco Industries Inc 0.01%$ 159,410 1,016
Fabrinet 0.01%$ 159,093 4,279
Lindsay Corp 0.01%$ 157,575 1,721
LegacyTexas Financial Group Inc 0.01%$ 157,246 3,942
KB Home 0.01%$ 156,625 5,710
Ameris Bancorp 0.01%$ 155,723 3,251
Five9 Inc 0.01%$ 155,114 6,148
Web.com Group Inc 0.01%$ 154,818 6,424
FormFactor Inc 0.01%$ 154,536 8,491
Extreme Networks Inc 0.01%$ 154,512 12,876
Atrion Corp 0.01%$ 153,232 233
Universal Health Realty Income Trust 0.01%$ 152,716 2,086
Varex Imaging Corp 0.01%$ 152,706 4,443
Consolidated Communications Holdings Inc 0.01%$ 152,593 7,960
Douglas Dynamics Inc 0.01%$ 151,733 3,617
WisdomTree Investments Inc 0.01%$ 150,891 13,606
Interface Inc 0.01%$ 150,161 6,586
Pacira Pharmaceuticals Inc/DE 0.01%$ 148,488 4,633
Third Point Reinsurance Ltd 0.01%$ 148,430 8,888
Cohen & Steers Inc 0.01%$ 147,909 3,401
SPX Corp 0.01%$ 147,124 5,023
Novocure Ltd 0.01%$ 147,096 6,810
AZZ Inc 0.01%$ 146,316 3,061
Ormat Technologies Inc 0.01%$ 145,054 2,234
Badger Meter Inc 0.01%$ 144,978 3,310
HSN Inc 0.01%$ 144,768 3,840
Capella Education Co 0.01%$ 144,737 1,777
Raven Industries Inc 0.01%$ 143,517 4,265
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
National General Holdings Corp 0.01%$ 142,309 7,052
Theravance Biopharma Inc 0.01%$ 142,136 4,925
Axon Enterprise Inc 0.01%$ 141,243 6,149
Neenah Paper Inc 0.01%$ 141,137 1,626
ABM Industries Inc 0.01%$ 140,600 3,350
Milacron Holdings Corp 0.01%$ 140,531 7,829
US Physical Therapy Inc 0.01%$ 140,249 2,064
Eldorado Resorts Inc 0.01%$ 139,808 5,440
Calavo Growers Inc 0.01%$ 139,367 1,891
Chase Corp 0.01%$ 139,175 1,172
SPS Commerce Inc 0.01%$ 138,631 2,820
Herc Holdings Inc 0.01%$ 138,450 2,857
Alexander's Inc 0.01%$ 137,685 335
Sturm Ruger & Co Inc 0.01%$ 137,204 2,769
Tenet Healthcare Corp 0.01%$ 136,931 9,589
BioTelemetry Inc 0.01%$ 136,738 4,707
Quotient Technology Inc 0.01%$ 135,983 8,689
Gramercy Property Trust 0.01%$ 135,521 4,563
Asbury Automotive Group Inc 0.01%$ 135,510 2,207
Brinker International Inc 0.01%$ 135,506 4,411
FirstCash Inc 0.01%$ 135,490 2,122
Hortonworks Inc 0.01%$ 134,804 8,165
Bottomline Technologies de Inc 0.01%$ 134,603 4,134
Quidel Corp 0.01%$ 133,988 3,272
Schneider National Inc 0.01%$ 133,909 5,113
A Schulman Inc 0.01%$ 133,620 3,400
TrueCar Inc 0.01%$ 133,436 8,247
Shake Shack Inc 0.01%$ 133,088 3,506
Xperi Corp 0.01%$ 132,802 5,774
MGE Energy Inc 0.01%$ 132,364 2,004
Mueller Water Products Inc - Class A 0.01%$ 132,200 11,072
Diodes Inc 0.01%$ 132,037 3,845
Boingo Wireless Inc 0.01%$ 131,887 5,641
Cooper-Standard Holdings Inc 0.01%$ 131,769 1,182
GoPro Inc 0.01%$ 131,512 12,609
Syntel Inc 0.01%$ 131,493 5,629
Barnes Group Inc 0.01%$ 131,156 2,015
Rudolph Technologies Inc 0.01%$ 130,758 4,712
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
CalAmp Corp 0.01%$ 129,811 5,711
NN Inc 0.01%$ 129,399 4,379
Liberty Media Corp-Liberty Braves - C Shares 0.01%$ 129,359 5,479
Preferred Bank/Los Angeles CA 0.01%$ 129,324 2,095
Coupa Software Inc 0.01%$ 128,610 3,701
Cardiovascular Systems Inc 0.01%$ 128,413 5,335
EVERTEC Inc 0.01%$ 127,455 8,497
Akebia Therapeutics Inc 0.01%$ 127,177 7,007
LivePerson Inc 0.01%$ 126,829 9,027
Oxford Industries Inc 0.01%$ 125,518 1,943
Jagged Peak Energy Inc 0.01%$ 125,302 9,021
Abaxis Inc 0.01%$ 125,162 2,586
USANA Health Sciences Inc 0.01%$ 124,961 1,902
AnaptysBio Inc 0.01%$ 123,806 1,875
SeaWorld Entertainment Inc 0.01%$ 123,341 10,744
American Outdoor Brands Corp 0.01%$ 123,324 8,606
MGP Ingredients Inc 0.01%$ 123,211 1,813
Cardtronics PLC 0.01%$ 123,133 5,377
Instructure Inc 0.01%$ 122,879 3,531
US Ecology Inc 0.01%$ 122,489 2,576
Esperion Therapeutics Inc 0.01%$ 121,485 2,656
Standex International Corp 0.01%$ 121,464 1,173
Astronics Corp 0.01%$ 120,950 3,516
Cass Information Systems Inc 0.01%$ 120,035 1,861
General Communication Inc 0.01%$ 120,012 2,935
Global Brass & Copper Holdings Inc 0.01%$ 119,525 3,415
Wabash National Corp 0.01%$ 119,475 5,310
Shutterstock Inc 0.01%$ 118,374 3,036
Blucora Inc 0.01%$ 118,222 5,448
Lattice Semiconductor Corp 0.01%$ 117,585 20,100
Xencor Inc 0.01%$ 116,880 5,909
PetMed Express Inc 0.01%$ 116,476 3,294
LGI Homes Inc 0.01%$ 116,377 1,929
Phibro Animal Health Corp 0.01%$ 116,113 3,084
Hyster-Yale Materials Handling Inc 0.01%$ 115,930 1,477
Zogenix Inc 0.01%$ 115,425 3,078
Acacia Communications Inc 0.01%$ 114,152 2,698
Gentherm Inc 0.01%$ 113,666 3,393
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
MyoKardia Inc 0.01%$ 113,428 2,950
PGT Innovations Inc 0.01%$ 113,195 8,028
Pinnacle Entertainment Inc 0.01%$ 112,845 4,362
Advanced Drainage Systems Inc 0.01%$ 111,709 5,714
Anika Therapeutics Inc 0.01%$ 111,336 2,038
Amphastar Pharmaceuticals Inc 0.01%$ 110,932 6,139
Vector Group Ltd 0.01%$ 110,654 5,325
Control4 Corp 0.01%$ 110,114 3,739
ORBCOMM Inc 0.01%$ 109,831 9,711
Heska Corp 0.01%$ 109,688 1,125
TTM Technologies Inc 0.01%$ 109,608 6,946
Medifast Inc 0.01%$ 108,389 1,737
Diamond Hill Investment Group Inc 0.01%$ 108,296 511
CommerceHub Inc - Series C 0.01%$ 108,228 5,074
BJ's Restaurants Inc 0.01%$ 108,224 3,414
Federal Signal Corp 0.01%$ 107,903 5,054
NCI Building Systems Inc 0.01%$ 107,742 6,755
Vanda Pharmaceuticals Inc 0.01%$ 107,294 6,834
Denny's Corp 0.01%$ 107,279 8,208
Malibu Boats Inc 0.01%$ 106,704 3,420
Atkore International Group Inc 0.01%$ 106,688 5,525
Donnelley Financial Solutions Inc 0.01%$ 105,630 4,913
Moog Inc 0.01%$ 105,400 1,201
Ruth's Hospitality Group Inc 0.01%$ 104,951 4,974
Tech Data Corp 0.01%$ 104,459 1,126
KBR Inc 0.01%$ 104,216 5,309
Kimball International Inc 0.01%$ 104,016 5,426
Kronos Worldwide Inc 0.01%$ 103,898 3,949
Saul Centers Inc 0.01%$ 102,804 1,682
Loral Space & Communications Inc 0.01%$ 102,646 2,177
Emergent BioSolutions Inc 0.01%$ 102,475 2,500
Lumber Liquidators Holdings Inc 0.01%$ 102,128 3,318
Kinsale Capital Group Inc 0.01%$ 101,639 2,343
Ichor Holdings Ltd 0.01%$ 100,806 3,232
Kennedy-Wilson Holdings Inc 0.01%$ 100,634 5,174
Genomic Health Inc 0.01%$ 100,469 3,064
Dermira Inc 0.01%$ 100,039 3,737
Foundation Medicine Inc 0.01%$ 99,990 2,222
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
TeleTech Holdings Inc 0.01%$ 99,835 2,397
Trupanion Inc 0.01%$ 99,743 3,542
Lantheus Holdings Inc 0.01%$ 99,102 4,980
Barracuda Networks Inc 0.01%$ 98,928 4,244
CorVel Corp 0.01%$ 98,640 1,644
Glacier Bancorp Inc 0.01%$ 97,709 2,574
Tellurian Inc 0.01%$ 97,619 9,064
Armada Hoffler Properties Inc 0.01%$ 97,179 6,810
Aclaris Therapeutics Inc 0.01%$ 96,554 3,830
Meridian Bioscience Inc 0.01%$ 96,353 6,445
Apptio Inc 0.01%$ 96,273 3,970
Nanometrics Inc 0.01%$ 96,259 3,405
Synergy Pharmaceuticals Inc 0.01%$ 96,066 35,189
AxoGen Inc 0.01%$ 95,989 4,671
Carbonite Inc 0.01%$ 95,930 4,226
Workiva Inc 0.01%$ 95,770 4,285
Griffon Corp 0.01%$ 95,635 4,241
Ring Energy Inc 0.01%$ 95,127 7,426
ZIOPHARM Oncology Inc 0.01%$ 94,999 20,386
PTC Therapeutics Inc 0.01%$ 94,937 5,066
PROS Holdings Inc 0.01%$ 94,742 4,194
Flexion Therapeutics Inc 0.01%$ 94,665 4,301
Fairmount Santrol Holdings Inc 0.01%$ 94,445 21,913
Hooker Furniture Corp 0.01%$ 93,425 1,971
State National Cos Inc 0.01%$ 93,245 4,436
Editas Medicine Inc 0.01%$ 93,149 3,756
La Jolla Pharmaceutical Co 0.01%$ 93,081 2,709
Providence Service Corp/The 0.01%$ 93,019 1,673
Heron Therapeutics Inc 0.01%$ 92,821 6,047
STAAR Surgical Co 0.01%$ 92,724 6,998
Middlesex Water Co 0.01%$ 92,134 2,119
Universal Insurance Holdings Inc 0.01%$ 91,799 3,849
Crocs Inc 0.01%$ 91,647 8,985
Ambarella Inc 0.01%$ 91,433 1,620
Actuant Corp 0.01%$ 91,010 3,569
Keryx Biopharmaceuticals Inc 0.01%$ 90,863 14,022
MuleSoft Inc 0.01%$ 90,847 3,884
Virtusa Corp 0.01%$ 90,706 2,377
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
Everi Holdings Inc 0.01%$ 90,162 10,876
CytomX Therapeutics Inc 0.01%$ 90,140 4,507
PRA Group Inc 0.01%$ 89,810 3,219
Cutera Inc 0.01%$ 89,643 2,281
Tucows Inc 0.01%$ 89,429 1,530
Gogo Inc 0.01%$ 89,182 8,972
KMG Chemicals Inc 0.01%$ 88,980 1,614
Cytokinetics Inc 0.01%$ 87,974 6,445
Mesa Laboratories Inc 0.01%$ 86,900 545
Myers Industries Inc 0.01%$ 86,854 4,021
Kforce Inc 0.01%$ 86,167 4,113
Westwood Holdings Group Inc 0.01%$ 85,863 1,323
Quality Systems Inc 0.01%$ 84,730 6,022
Houghton Mifflin Harcourt Co 0.01%$ 83,823 8,467
LeMaitre Vascular Inc 0.01%$ 83,578 2,611
John B Sanfilippo & Son Inc 0.01%$ 83,508 1,419
Omeros Corp 0.01%$ 83,402 5,292
MicroStrategy Inc 0.01%$ 82,927 627
Xcerra Corp 0.01%$ 82,454 8,371
GEO Group Inc/The 0.01%$ 82,417 3,176
ANI Pharmaceuticals Inc 0.01%$ 81,835 1,409
Penn Virginia Corp 0.01%$ 81,759 2,098
Paratek Pharmaceuticals Inc 0.01%$ 81,192 3,794
Central Garden & Pet Co - A Shares 0.01%$ 80,575 2,183
Southwest Gas Holdings Inc 0.01%$ 80,330 975
DineEquity Inc 0.01%$ 80,270 1,686
Marcus & Millichap Inc 0.01%$ 80,144 2,820
Everbridge Inc 0.00%$ 79,281 2,976
Epizyme Inc 0.00%$ 78,690 4,712
Keane Group Inc 0.00%$ 78,157 5,062
Forrester Research Inc 0.00%$ 78,136 1,788
InnerWorkings Inc 0.00%$ 78,097 7,178
Barrett Business Services Inc 0.00%$ 77,446 1,274
Ensign Group Inc/The 0.00%$ 76,926 3,333
Endurance International Group Holdings Inc 0.00%$ 76,621 9,344
Calithera Biosciences Inc 0.00%$ 76,523 4,753
Columbia Sportswear Co 0.00%$ 76,416 1,225
Globalstar Inc 0.00%$ 76,314 47,400
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
MCBC Holdings Inc 0.00%$ 76,157 3,330
ImmunoGen Inc 0.00%$ 75,713 13,054
Endologix Inc 0.00%$ 74,947 14,141
Inovio Pharmaceuticals Inc 0.00%$ 74,350 12,753
Amkor Technology Inc 0.00%$ 74,141 6,408
CryoLife Inc 0.00%$ 73,891 3,799
Marcus Corp/The 0.00%$ 73,034 2,690
McGrath RentCorp 0.00%$ 72,950 1,632
Pacific Biosciences of California Inc 0.00%$ 72,811 17,213
Rigel Pharmaceuticals Inc 0.00%$ 71,929 19,181
RadNet Inc 0.00%$ 71,668 6,545
Assembly Biosciences Inc 0.00%$ 71,650 2,428
Infinity Property & Casualty Corp 0.00%$ 70,951 752
Caesarstone Ltd 0.00%$ 70,948 2,507
Sabra Health Care REIT Inc 0.00%$ 70,935 3,561
Quad/Graphics Inc 0.00%$ 70,740 3,104
Sonic Corp 0.00%$ 70,002 2,756
New Jersey Resources Corp 0.00%$ 69,475 1,563
Lakeland Financial Corp 0.00%$ 69,234 1,434
Okta Inc 0.00%$ 69,061 2,388
Standard Motor Products Inc 0.00%$ 69,042 1,581
Surmodics Inc 0.00%$ 68,961 2,318
Accuray Inc 0.00%$ 68,752 14,474
Eagle Pharmaceuticals Inc/DE 0.00%$ 68,746 1,279
Luminex Corp 0.00%$ 68,640 3,215
SMART Global Holdings Inc 0.00%$ 68,575 2,186
Insteel Industries Inc 0.00%$ 68,448 2,679
Tootsie Roll Industries Inc 0.00%$ 68,388 1,921
Lexicon Pharmaceuticals Inc 0.00%$ 68,141 6,687
Achaogen Inc 0.00%$ 68,027 5,348
La-Z-Boy Inc 0.00%$ 67,995 2,523
NVE Corp 0.00%$ 67,979 799
Progenics Pharmaceuticals Inc 0.00%$ 67,941 10,976
American Assets Trust Inc 0.00%$ 67,417 1,738
Enzo Biochem Inc 0.00%$ 67,246 6,827
Ply Gem Holdings Inc 0.00%$ 66,992 3,964
Appfolio Inc 0.00%$ 66,922 1,458
Horizon Global Corp 0.00%$ 66,786 4,115
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
RMR Group Inc/The 0.00%$ 66,507 1,268
Hackett Group Inc/The 0.00%$ 66,423 4,302
Pattern Energy Group Inc 0.00%$ 66,303 2,874
Stratasys Ltd 0.00%$ 66,096 2,935
Nautilus Inc 0.00%$ 66,053 5,081
Rayonier Advanced Materials Inc 0.00%$ 65,944 4,589
XO Group Inc 0.00%$ 65,908 3,302
Immunomedics Inc 0.00%$ 65,467 6,107
UMH Properties Inc 0.00%$ 64,929 4,346
DXP Enterprises Inc/TX 0.00%$ 64,557 2,013
Matson Inc 0.00%$ 64,508 2,369
Inter Parfums Inc 0.00%$ 63,940 1,381
R1 RCM Inc 0.00%$ 63,240 16,642
GenMark Diagnostics Inc 0.00%$ 63,072 8,466
Rapid7 Inc 0.00%$ 63,009 3,485
York Water Co/The 0.00%$ 62,832 1,785
Carolina Financial Corp 0.00%$ 62,240 1,689
TG Therapeutics Inc 0.00%$ 61,361 7,529
Spartan Motors Inc 0.00%$ 61,257 3,793
PDF Solutions Inc 0.00%$ 60,636 4,139
Culp Inc 0.00%$ 60,389 1,905
GP Strategies Corp 0.00%$ 60,221 2,073
National Research Corp 0.00%$ 59,780 1,592
Terreno Realty Corp 0.00%$ 59,413 1,618
CommerceHub Inc - Series A 0.00%$ 58,683 2,628
Entravision Communications Corp 0.00%$ 58,640 11,277
Capital Senior Living Corp 0.00%$ 58,440 4,394
BMC Stock Holdings Inc 0.00%$ 58,301 2,718
Civitas Solutions Inc 0.00%$ 57,442 3,080
CIRCOR International Inc 0.00%$ 56,871 1,294
CSW Industrials Inc 0.00%$ 56,555 1,153
Tile Shop Holdings Inc 0.00%$ 56,362 6,592
Greif Inc - Class B 0.00%$ 56,125 893
Exa Corp 0.00%$ 56,091 2,314
Virtu Financial Inc 0.00%$ 55,581 3,928
Quantenna Communications Inc 0.00%$ 54,757 3,535
Winmark Corp 0.00%$ 54,523 417
Aduro Biotech Inc 0.00%$ 54,092 6,804
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
OMNOVA Solutions Inc 0.00%$ 53,935 4,881
Natera Inc 0.00%$ 53,543 4,872
ZAGG Inc 0.00%$ 53,132 3,395
Invitae Corp 0.00%$ 52,927 6,271
Unisys Corp 0.00%$ 52,763 6,030
Pacific Continental Corp 0.00%$ 52,444 1,873
Mitek Systems Inc 0.00%$ 52,207 5,866
Geron Corp 0.00%$ 51,905 23,069
SPX FLOW Inc 0.00%$ 51,744 1,255
Addus HomeCare Corp 0.00%$ 51,300 1,425
Zix Corp 0.00%$ 51,260 10,569
CAI International Inc 0.00%$ 51,236 1,384
TPI Composites Inc 0.00%$ 50,877 2,031
Allegiance Bancshares Inc 0.00%$ 50,725 1,294
Verint Systems Inc 0.00%$ 50,429 1,195
Rambus Inc 0.00%$ 50,191 3,412
SRC Energy Inc 0.00%$ 50,171 5,259
Systemax Inc 0.00%$ 49,306 1,727
Depomed Inc 0.00%$ 49,136 10,152
Corbus Pharmaceuticals Holdings Inc 0.00%$ 48,791 6,872
Abraxas Petroleum Corp 0.00%$ 48,666 22,848
Sanchez Energy Corp 0.00%$ 48,565 11,216
ProPetro Holding Corp 0.00%$ 48,233 3,167
BioCryst Pharmaceuticals Inc 0.00%$ 47,358 10,524
WSFS Financial Corp 0.00%$ 47,066 947
QAD Inc 0.00%$ 46,361 1,253
Selecta Biosciences Inc 0.00%$ 46,238 2,179
Kura Oncology Inc 0.00%$ 45,251 3,037
Lumos Networks Corp 0.00%$ 45,205 2,517
Antares Pharma Inc 0.00%$ 45,107 24,784
Corium International Inc 0.00%$ 45,048 4,469
Health Insurance Innovations Inc 0.00%$ 44,871 2,087
Cara Therapeutics Inc 0.00%$ 44,856 3,577
Castlight Health Inc 0.00%$ 44,668 11,602
Cross Country Healthcare Inc 0.00%$ 44,390 3,252
Willdan Group Inc 0.00%$ 43,316 1,441
Blue Hills Bancorp Inc 0.00%$ 43,118 1,987
Tailored Brands Inc 0.00%$ 42,874 2,775
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
Nathan's Famous Inc 0.00%$ 42,740 527
MYR Group Inc 0.00%$ 42,541 1,334
Utah Medical Products Inc 0.00%$ 42,526 564
American Software Inc/GA 0.00%$ 42,442 3,420
Francesca's Holdings Corp 0.00%$ 42,353 6,546
Teligent Inc/NJ 0.00%$ 42,310 7,449
Par Pacific Holdings Inc 0.00%$ 42,190 2,010
Consolidated-Tomoka Land Co 0.00%$ 41,959 717
Care.com Inc 0.00%$ 41,868 2,724
United Insurance Holdings Corp 0.00%$ 41,821 2,657
SP Plus Corp 0.00%$ 41,618 1,074
Daktronics Inc 0.00%$ 41,583 4,049
Pulse Biosciences Inc 0.00%$ 41,157 1,700
VirnetX Holding Corp 0.00%$ 41,154 7,991
Simpson Manufacturing Co Inc 0.00%$ 40,634 729
Sucampo Pharmaceuticals Inc 0.00%$ 40,620 4,062
Neos Therapeutics Inc 0.00%$ 40,518 3,896
Alteryx Inc 0.00%$ 40,504 1,793
FARO Technologies Inc 0.00%$ 39,990 772
Evolent Health Inc 0.00%$ 39,975 2,460
ViewRay Inc 0.00%$ 39,948 5,798
BioSpecifics Technologies Corp 0.00%$ 39,911 872
Hudson Technologies Inc 0.00%$ 39,569 6,684
Upland Software Inc 0.00%$ 39,370 1,792
Momenta Pharmaceuticals Inc 0.00%$ 39,353 2,791
Planet Payment Inc 0.00%$ 39,282 8,788
Craft Brew Alliance Inc 0.00%$ 39,183 2,147
Superior Uniform Group Inc 0.00%$ 39,054 1,664
Ultra Petroleum Corp 0.00%$ 38,906 4,900
Park Sterling Corp 0.00%$ 38,653 3,075
Entellus Medical Inc 0.00%$ 38,567 2,278
Investors Title Co 0.00%$ 38,130 201
Orthofix International NV 0.00%$ 38,095 709
National Commerce Corp 0.00%$ 38,061 934
Commercial Vehicle Group Inc 0.00%$ 37,929 4,671
Collectors Universe Inc 0.00%$ 37,858 1,529
Limelight Networks Inc 0.00%$ 37,778 7,632
Pixelworks Inc 0.00%$ 37,626 6,731
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
RigNet Inc 0.00%$ 37,518 2,150
MDC Partners Inc 0.00%$ 37,433 3,255
Kraton Corp 0.00%$ 37,410 763
Simulations Plus Inc 0.00%$ 37,278 2,287
Omega Flex Inc 0.00%$ 37,146 576
RTI Surgical Inc 0.00%$ 37,013 8,225
HC2 Holdings Inc 0.00%$ 36,989 6,812
MB Financial Inc 0.00%$ 36,844 802
Bojangles' Inc 0.00%$ 36,713 2,997
Presidio Inc 0.00%$ 36,023 2,434
tronc Inc 0.00%$ 36,001 2,435
Computer Programs & Systems Inc 0.00%$ 35,969 1,193
Silver Spring Networks Inc 0.00%$ 35,948 2,230
Radiant Logistics Inc 0.00%$ 35,868 7,350
NCS Multistage Holdings Inc 0.00%$ 35,763 1,642
FONAR Corp 0.00%$ 35,664 1,118
Agenus Inc 0.00%$ 35,480 9,694
REGENXBIO Inc 0.00%$ 35,401 1,182
Hostess Brands Inc 0.00%$ 35,293 3,061
La Quinta Holdings Inc 0.00%$ 35,152 1,995
M/I Homes Inc 0.00%$ 35,137 1,052
Allied Motion Technologies Inc 0.00%$ 35,102 1,236
Amplify Snack Brands Inc 0.00%$ 34,896 5,461
ILG Inc 0.00%$ 34,061 1,148
Syros Pharmaceuticals Inc 0.00%$ 33,746 1,962
Edge Therapeutics Inc 0.00%$ 33,709 3,104
Surgery Partners Inc 0.00%$ 33,615 3,634
Panhandle Oil and Gas Inc 0.00%$ 33,424 1,384
Heritage-Crystal Clean Inc 0.00%$ 33,118 1,694
Intevac Inc 0.00%$ 32,768 3,901
Super Micro Computer Inc 0.00%$ 32,318 1,624
Catalyst Pharmaceuticals Inc 0.00%$ 32,089 11,220
First Foundation Inc 0.00%$ 32,078 1,733
Duluth Holdings Inc 0.00%$ 31,961 1,547
Madrigal Pharmaceuticals Inc 0.00%$ 31,944 639
Seres Therapeutics Inc 0.00%$ 31,857 3,173
Atlantic Power Corp 0.00%$ 31,845 12,998
Chesapeake Utilities Corp 0.00%$ 31,817 395
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
NewLink Genetics Corp 0.00%$ 31,646 3,381
Casella Waste Systems Inc 0.00%$ 31,493 1,706
Veracyte Inc 0.00%$ 31,464 3,680
Boise Cascade Co 0.00%$ 31,373 885
Evolution Petroleum Corp 0.00%$ 31,265 4,225
Bridgepoint Education Inc 0.00%$ 31,092 3,212
MediciNova Inc 0.00%$ 31,085 4,372
Carriage Services Inc 0.00%$ 30,821 1,190
Rush Enterprises Inc - Class B 0.00%$ 30,648 644
Cohu Inc 0.00%$ 30,573 1,185
Almost Family Inc 0.00%$ 30,533 690
HCI Group Inc 0.00%$ 30,492 814
MicroVision Inc 0.00%$ 30,153 13,644
Iteris Inc 0.00%$ 30,135 4,361
Triple-S Management Corp 0.00%$ 29,844 1,243
Fluidigm Corp 0.00%$ 29,806 5,139
Franklin Covey Co 0.00%$ 29,527 1,522
PetIQ Inc 0.00%$ 29,425 1,223
Union Bankshares Inc/Morrisville VT 0.00%$ 29,422 598
Schweitzer-Mauduit International Inc 0.00%$ 29,350 695
MacroGenics Inc 0.00%$ 29,072 1,469
Amber Road Inc 0.00%$ 28,848 3,867
Pzena Investment Management Inc 0.00%$ 28,462 2,412
Curis Inc 0.00%$ 28,424 17,990
Hill International Inc 0.00%$ 28,376 5,354
StarTek Inc 0.00%$ 28,322 2,372
Enova International Inc 0.00%$ 28,185 1,898
William Lyon Homes 0.00%$ 28,111 1,013
Solaris Oilfield Infrastructure Inc 0.00%$ 27,882 1,747
Clearfield Inc 0.00%$ 27,838 2,032
Bellicum Pharmaceuticals Inc 0.00%$ 27,808 2,952
Meridian Bancorp Inc 0.00%$ 27,738 1,408
Ooma Inc 0.00%$ 27,615 2,630
Athersys Inc 0.00%$ 27,580 14,989
Eros International PLC 0.00%$ 27,281 2,227
Pieris Pharmaceuticals Inc 0.00%$ 27,119 5,370
BG Staffing Inc 0.00%$ 27,092 1,605
Maui Land & Pineapple Co Inc 0.00%$ 26,956 1,690
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
Axovant Sciences Ltd 0.00%$ 26,603 5,077
Natural Health Trends Corp 0.00%$ 26,348 1,368
Team Inc 0.00%$ 26,261 2,135
ArcBest Corp 0.00%$ 26,145 802
Coeur Mining Inc 0.00%$ 25,882 3,410
Lawson Products Inc/DE 0.00%$ 25,728 1,023
Marine Products Corp 0.00%$ 25,722 1,790
Park City Group Inc 0.00%$ 25,614 2,318
Select Energy Services Inc 0.00%$ 25,511 1,567
Napco Security Technologies Inc 0.00%$ 25,436 2,506
Sportsman's Warehouse Holdings Inc 0.00%$ 25,277 6,165
NMI Holdings Inc 0.00%$ 25,259 1,736
Sterling Construction Co Inc 0.00%$ 24,990 1,400
ChemoCentryx Inc 0.00%$ 24,874 3,786
Acorda Therapeutics Inc 0.00%$ 24,715 930
America's Car-Mart Inc/TX 0.00%$ 24,639 575
Idera Pharmaceuticals Inc 0.00%$ 24,408 15,646
Minerva Neurosciences Inc 0.00%$ 24,318 3,860
Organovo Holdings Inc 0.00%$ 24,220 15,233
Tompkins Financial Corp 0.00%$ 24,132 277
Ra Pharmaceuticals Inc 0.00%$ 24,112 1,835
Anavex Life Sciences Corp 0.00%$ 24,105 5,712
Guaranty Bancorp 0.00%$ 23,983 843
Smart Sand Inc 0.00%$ 23,892 3,323
Veritex Holdings Inc 0.00%$ 23,882 906
MedEquities Realty Trust Inc 0.00%$ 23,740 2,043
Retail Opportunity Investments Corp 0.00%$ 23,698 1,318
EnviroStar Inc 0.00%$ 23,576 883
YRC Worldwide Inc 0.00%$ 23,236 1,725
First of Long Island Corp/The 0.00%$ 22,842 724
American Renal Associates Holdings Inc 0.00%$ 22,829 1,882
Hingham Institution for Savings 0.00%$ 22,585 116
TechTarget Inc 0.00%$ 22,403 1,798
Crawford & Co 0.00%$ 22,347 1,897
IDT Corp - Class B 0.00%$ 22,340 1,695
Uranium Energy Corp 0.00%$ 22,204 20,947
TrueBlue Inc 0.00%$ 22,114 816
Caesars Entertainment Corp 0.00%$ 22,093 1,706
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
Blue Bird Corp 0.00%$ 22,034 1,067
Spark Energy Inc 0.00%$ 21,812 1,558
Silvercrest Asset Management Group Inc 0.00%$ 21,793 1,337
Community Healthcare Trust Inc 0.00%$ 21,697 791
Aerohive Networks Inc 0.00%$ 21,641 5,465
ViaSat Inc 0.00%$ 21,613 332
Bel Fuse Inc 0.00%$ 21,545 666
Investment Technology Group Inc 0.00%$ 20,959 893
HarborOne Bancorp Inc 0.00%$ 20,876 1,070
Ardmore Shipping Corp 0.00%$ 20,866 2,514
EMCORE Corp 0.00%$ 20,848 2,527
Corindus Vascular Robotics Inc 0.00%$ 20,436 17,926
VeriFone Systems Inc 0.00%$ 20,187 1,058
Durect Corp 0.00%$ 20,154 25,278
Strongbridge Biopharma PLC 0.00%$ 20,148 3,358
Concert Pharmaceuticals Inc 0.00%$ 20,119 1,180
Pure Cycle Corp 0.00%$ 20,041 2,637
Atlas Financial Holdings Inc 0.00%$ 19,967 1,011
Equity Bancshares Inc 0.00%$ 19,874 583
Franklin Financial Network Inc 0.00%$ 19,825 578
WideOpenWest Inc 0.00%$ 19,812 1,549
Vectrus Inc 0.00%$ 19,648 644
Advanced Emissions Solutions Inc 0.00%$ 19,540 1,627
National Presto Industries Inc 0.00%$ 19,405 166
Calyxt Inc 0.00%$ 19,374 946
Insys Therapeutics Inc 0.00%$ 19,199 3,728
City Office REIT Inc 0.00%$ 19,169 1,470
Shiloh Industries Inc 0.00%$ 19,098 2,058
Avid Technology Inc 0.00%$ 18,945 4,267
Fortress Biotech Inc 0.00%$ 18,808 5,029
Virtus Investment Partners Inc 0.00%$ 18,391 158
Orion Group Holdings Inc 0.00%$ 18,302 2,542
Novavax Inc 0.00%$ 18,194 16,692
Conatus Pharmaceuticals Inc 0.00%$ 18,190 3,963
1-800-Flowers.com Inc 0.00%$ 18,114 1,927
Turning Point Brands Inc 0.00%$ 18,043 1,031
Reading International Inc 0.00%$ 17,825 1,139
TRI Pointe Group Inc 0.00%$ 17,708 1,001
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
Advaxis Inc 0.00%$ 17,622 5,183
NanoString Technologies Inc 0.00%$ 17,450 1,752
Syndax Pharmaceuticals Inc 0.00%$ 17,318 1,549
West Bancorporation Inc 0.00%$ 17,139 701
At Home Group Inc 0.00%$ 17,118 835
Hovnanian Enterprises Inc 0.00%$ 16,942 7,001
Steel Partners Holdings LP 0.00%$ 16,720 820
CoBiz Financial Inc 0.00%$ 16,679 816
Central Pacific Financial Corp 0.00%$ 16,618 534
Deckers Outdoor Corp 0.00%$ 16,582 243
Dynavax Technologies Corp 0.00%$ 16,544 752
Meta Financial Group Inc 0.00%$ 16,490 189
Landec Corp 0.00%$ 16,404 1,238
Greene County Bancorp Inc 0.00%$ 16,325 546
Limoneira Co 0.00%$ 16,298 698
Green Bancorp Inc 0.00%$ 16,214 732
Revlon Inc 0.00%$ 16,065 714
Perficient Inc 0.00%$ 15,813 813
First Connecticut Bancorp Inc/Farmington CT 0.00%$ 15,418 584
Veritone Inc 0.00%$ 15,336 432
Kaman Corp 0.00%$ 15,216 272
PICO Holdings Inc 0.00%$ 15,120 800
PCM Inc 0.00%$ 15,118 1,076
Merrimack Pharmaceuticals Inc 0.00%$ 14,886 1,268
Isramco Inc 0.00%$ 14,882 131
VASCO Data Security International Inc 0.00%$ 14,878 1,094
Global Water Resources Inc 0.00%$ 14,783 1,571
Golden Entertainment Inc 0.00%$ 14,514 544
Foundation Building Materials Inc 0.00%$ 14,270 1,061
Miller Industries Inc/TN 0.00%$ 14,040 497
Quanex Building Products Corp 0.00%$ 14,026 639
Navistar International Corp 0.00%$ 13,793 326
People's Utah Bancorp 0.00%$ 13,622 438
Eastman Kodak Co 0.00%$ 13,610 2,544
Athenex Inc 0.00%$ 13,576 811
BSB Bancorp Inc/MA 0.00%$ 13,515 452
RCI Hospitality Holdings Inc 0.00%$ 13,444 488
Northfield Bancorp Inc 0.00%$ 13,443 788
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
National Storage Affiliates Trust 0.00%$ 13,387 540
Century Communities Inc 0.00%$ 13,361 468
Viveve Medical Inc 0.00%$ 13,317 2,439
Century Aluminum Co 0.00%$ 13,314 951
Miragen Therapeutics Inc 0.00%$ 13,289 1,605
Maiden Holdings Ltd 0.00%$ 13,258 1,607
Alpha & Omega Semiconductor Ltd 0.00%$ 13,214 717
Heritage Commerce Corp 0.00%$ 13,181 857
Lifeway Foods Inc 0.00%$ 13,158 1,308
Potbelly Corp 0.00%$ 13,135 1,090
MoneyGram International Inc 0.00%$ 13,124 844
Marlin Business Services Corp 0.00%$ 13,009 594
Charter Financial Corp/MD 0.00%$ 12,959 676
J. Jill Inc 0.00%$ 12,847 2,514
Tocagen Inc 0.00%$ 12,664 1,144
Piper Jaffray Cos 0.00%$ 12,573 172
Glu Mobile Inc 0.00%$ 12,559 3,132
Guaranty Bancshares Inc/TX 0.00%$ 12,533 437
Atlantic Capital Bancshares Inc 0.00%$ 12,502 760
NewStar Financial Inc 0.00%$ 12,489 1,017
Sykes Enterprises Inc 0.00%$ 12,386 428
Central Garden & Pet Co 0.00%$ 12,256 321
Meet Group Inc/The 0.00%$ 12,204 3,600
Genesis Healthcare Inc 0.00%$ 11,985 12,271
ConforMIS Inc 0.00%$ 11,880 3,356
Karyopharm Therapeutics Inc 0.00%$ 11,844 1,160
XBiotech Inc 0.00%$ 11,822 2,775
VBI Vaccines Inc 0.00%$ 11,803 3,431
Dean Foods Co 0.00%$ 11,768 1,207
RGC Resources Inc 0.00%$ 11,607 399
BioScrip Inc 0.00%$ 11,565 4,571
PacWest Bancorp 0.00%$ 11,259 233
Cambium Learning Group Inc 0.00%$ 11,169 1,825
Emerald Expositions Events Inc 0.00%$ 11,109 477
Majesco 0.00%$ 10,782 1,806
Ominto Inc 0.00%$ 10,693 3,352
Heritage Insurance Holdings Inc 0.00%$ 10,522 656
Calgon Carbon Corp 0.00%$ 10,438 481
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
Rosetta Stone Inc 0.00%$ 10,404 1,023
Valhi Inc 0.00%$ 10,327 2,374
Asterias Biotherapeutics Inc 0.00%$ 10,283 4,113
Bankwell Financial Group Inc 0.00%$ 10,248 280
Mistras Group Inc 0.00%$ 10,148 483
Stewart Information Services Corp 0.00%$ 10,092 266
CyberOptics Corp 0.00%$ 10,080 700
Investar Holding Corp 0.00%$ 9,999 431
Hemisphere Media Group Inc 0.00%$ 9,882 810
Waterstone Financial Inc 0.00%$ 9,734 507
Willis Lease Finance Corp 0.00%$ 9,660 385
Bonanza Creek Energy Inc 0.00%$ 9,608 284
Mersana Therapeutics Inc 0.00%$ 9,561 588
Protagonist Therapeutics Inc 0.00%$ 9,431 630
Matinas BioPharma Holdings Inc 0.00%$ 9,354 8,352
Quantum Corp 0.00%$ 9,143 1,725
Old Line Bancshares Inc 0.00%$ 9,135 303
Versartis Inc 0.00%$ 9,104 5,058
Sparton Corp 0.00%$ 8,943 384
Stemline Therapeutics Inc 0.00%$ 8,804 645
Howard Bancorp Inc 0.00%$ 8,799 421
United States Lime & Minerals Inc 0.00%$ 8,722 96
Energy XXI Gulf Coast Inc 0.00%$ 8,456 989
Liberty Tax Inc 0.00%$ 8,443 647
Midland States Bancorp Inc 0.00%$ 8,405 259
Party City Holdco Inc 0.00%$ 8,374 751
GAMCO Investors Inc 0.00%$ 8,225 284
Sunshine Bancorp Inc 0.00%$ 8,196 351
Resolute Energy Corp 0.00%$ 7,928 264
Bear State Financial Inc 0.00%$ 7,151 697
Aileron Therapeutics Inc 0.00%$ 7,116 591
Fate Therapeutics Inc 0.00%$ 7,103 1,489
vTv Therapeutics Inc 0.00%$ 7,091 1,122
SilverBow Resources Inc 0.00%$ 6,927 308
RBB Bancorp 0.00%$ 6,894 275
Byline Bancorp Inc 0.00%$ 6,817 340
Regional Management Corp 0.00%$ 6,518 264
Fifth Street Asset Management Inc 0.00%$ 6,187 1,509
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
SCHEDULE OF INVESTMENTS
ISSUER SHARESMARKET
VALUE
% TOTAL NET
ASSETS
Nymox Pharmaceutical Corp 0.00%$ 6,180 1,736
Access National Corp 0.00%$ 6,053 208
Southern Missouri Bancorp Inc 0.00%$ 6,020 163
CPI Card Group Inc 0.00%$ 5,909 5,471
CVR Energy Inc 0.00%$ 5,490 200
Paragon Commercial Corp 0.00%$ 5,181 90
Ovid therapeutics Inc 0.00%$ 5,171 798
Western New England Bancorp Inc 0.00%$ 4,885 463
Cowen Inc 0.00%$ 4,710 314
W&T Offshore Inc 0.00%$ 4,604 1,471
First Financial Northwest Inc 0.00%$ 4,490 270
Iovance Biotherapeutics Inc 0.00%$ 4,486 577
Genocea Biosciences Inc 0.00%$ 4,301 3,708
Pendrell Corp 0.00%$ 4,212 650
Provident Bancorp Inc 0.00%$ 3,697 156
Medley Management Inc 0.00%$ 3,605 638
Sears Holdings Corp 0.00%$ 3,537 642
Ranger Energy Services Inc 0.00%$ 3,480 300
Oncocyte Corp 0.00%$ 3,442 569
Tobira Therapeutics Inc - Rights 0.00%$ 3,118 1,559
Kindred Biosciences Inc 0.00%$ 2,585 347
Collegium Pharmaceutical Inc 0.00%$ 2,459 238
Radisys Corp 0.00%$ 2,244 1,700
Revolution Lighting Technologies Inc 0.00%$ 2,091 376
Westmoreland Coal Co 0.00%$ 1,865 1,075
Rosehill Resources Inc 0.00%$ 1,740 179
Immune Design Corp 0.00%$ 1,559 315
Fred's Inc 0.00%$ 1,477 335
Recro Pharma Inc 0.00%$ 1,338 155
Jones Energy Inc 0.00%$ 868 678
Trevena Inc 0.00%$ 740 493
Dyax Corp - Rights 0.00%$ - 211,240
$ 1,599,534,000Total Net Assets
$ 1,596,220,253
3,313,747
Total Market Value
Cash
99.79%
0.21%
100.00%
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.
SmallCap Growth I Separate Account
As of October 31, 2017
The schedule of investments listed below is for the Institutional class shares of the
Principal Funds, Inc. SmallCap Growth Fund I, in which this Separate Account solely
invests.
Small-cap and mid-cap investment options are subject to more fluctuation in value and may have additional risks than other investment options with stocks
of larger, more stable companies.
Portfolio holdings may not reflect the current portfolio composition. The holdings listed do not constitute a recommendation to purchase or sell a particular
security.
This Separate Account invests solely in the Institutional class shares of the Principal Funds . All voting rights associated with ownership of shares in the mutual
fund are the rights of the Separate Account , not of contract holders investing in the Separate Account . For further information on the underlying mutual fund,
see the prospectus of the fund.
Separate Accounts are available through a group annuity contract with Principal Life Insurance Company. Insurance products and plan administrative, if
applicable, services are provided by Principal Life Insurance Company, a member of Principal Financial Group, Des Moines, IA 50392. See the fact sheet for
the full name of the Separate Account. Certain investment options may not be available in all states or U.S. commonwealths. Principal Life Insurance
Company reserves the right to defer payments or transfers from Principal Life Separate Accounts as described in the group annuity contracts providing access
to the Separate Accounts or as required by applicable law. Such deferment will be based on factors that may include situations such as: unstable or disorderly
financial markets; investment conditions which do not allow for orderly investment transactions; or investment, liquidity, and other risks inherent in real estate
(such as those associated with general and local economic conditions). If you elect to allocate funds to a Separate Account, you may not be able to
immediately withdraw them.
Before directing retirement funds to a separate account, investors should carefully consider the investment objectives, risks, charges and expenses of the
separate account as well as their individual risk tolerance, time horizon and goals. For additional information contact us at 1-800-547-7754 or by visiting
principal.com.
An investment option's unit value and investment return will vary with market conditions, and the principal value of an investment when you sell your shares
may be more or less than the original cost.
Information is current as of the creation of this piece. Keep in mind that portfolio holdings are subject to risk.
10-17PQ 4057 Not FDIC or NCUA Insured
May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee
Not Insured by any Federal Government Agency
Informational data only. Do not use for audit purposes.