International Emerging Markets Separate Account

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International Emerging Markets Separate Account Powered By Docstoc
					International Emerging Markets Separate Account
As of January 31, 2010




                                        SCHEDULE OF INVESTMENTS
                                                                                                       MARKET         % OF
                 SECURITY                                                    SHARES                     VALUE        ASSETS
BERMUDA
  Gome Electrical Appliances Hol                                          9,733,000                   $ 3,418,663      0.30 %
  Pacific Basin Shipping Ltd                                              4,579,000                   $ 3,364,528      0.30 %
TOTAL BERMUDA                                                                                          $ 6,783,191     0.60 %
BRAZIL
 Petroleo Brasileiro Sa ADR                                               1,174,811               $ 47,662,082         4.18 %
 Cia Vale Do Rio Doce                                                     1,602,428               $ 36,083,315         3.17 %
 Banco Bradesco Sa                                                          841,789               $ 14,092,796         1.26 %
 Cia De Bebidas Das Americas PRF ADR                                        117,041               $ 10,833,315         0.95 %
 Banco Itau Holding Financeira                                              529,268               $ 10,218,261         0.90 %
 Banco Do Brasil SA                                                         597,458                 $ 8,971,128        0.79 %
 Cia Siderurgica Nacional Sa ADR                                            244,620                 $ 7,123,334        0.62 %
 Vivo Participacoes SA ADR                                                  234,823                 $ 6,572,696        0.58 %
 Cyrela Brazil Realty Sa                                                    542,817                 $ 6,276,884        0.55 %
 Fibria Celulose SA ADR                                                     311,879                 $ 5,701,148        0.50 %
 Rossi Residencial SA                                                       751,036                 $ 5,257,332        0.46 %
 Duratex Sa                                                                 590,431                 $ 5,107,982        0.45 %
 Cia Brasileira De Distribuicao ADR                                          69,358                 $ 4,627,566        0.41 %
 Lojas Renner S.A.                                                          202,700                 $ 3,897,160        0.34 %
 Totvs SA                                                                    54,600                 $ 3,381,500        0.30 %
 Eletropaulo Metropolitana Elet                                             151,900                 $ 2,913,974        0.26 %
 Gol Linhas Aereas Intel ADR                                                232,319                 $ 2,834,292        0.25 %
 Confab Industrial Sa                                                       555,955                 $ 1,467,574        0.13 %
TOTAL BRAZIL                                                                                      $ 183,022,340       16.10 %
CAYMAN ISLANDS
 Shimao Property                                                          3,208,000                   $ 4,886,302      0.43 %
 Agile Property Holdings Ltd                                              3,610,000                   $ 4,494,141      0.39 %
 KWG Property Holding LTD                                                 6,547,000                   $ 3,938,972      0.35 %
 Perfect World Co ADR                                                        76,353                   $ 2,847,203      0.25 %
 Lee & Man Paper Manufacturing                                            3,137,600                   $ 1,793,572      0.16 %
TOTAL CAYMAN ISLANDS                                                                                  $ 17,960,189     1.58 %
CHILE
 Enersis SA ADR                                                              180,059                  $ 4,134,155      0.36 %
 Empresa Nacional De Telecomuni                                               55,880                    $ 805,055      0.07 %
TOTAL CHILE                                                                                            $ 4,939,210     0.43 %
CHINA
 Icbc                                                                    26,882,000               $ 19,573,370         1.72 %
 China Construction Bank Corp                                            22,237,909               $ 16,984,143         1.49 %
 Bank Of China Ltd                                                       31,060,000               $ 14,853,978         1.30 %
 Petrochina Co Ltd                                                       11,891,009               $ 13,276,842         1.16 %
 China Petroleum & Chemical Cor                                          13,570,000               $ 10,554,293         0.93 %

                                                      Not FDIC or NCUA insured
PQ 1042                             May Lose Value, Not a Deposit, No Bank or CreditUnion Guarantee
                                                                                                                          01-10
                                            Not Insured by any Federal Government Agency
                                   Informational data only. Do not use for audit purposes.
International Emerging Markets Separate Account
As of January 31, 2010




                                       SCHEDULE OF INVESTMENTS
                                                                                                     MARKET          % OF
                 SECURITY                                                   SHARES                    VALUE         ASSETS
  China Shenhua Energy Co Ltd                                            2,345,500                 $ 9,995,046        0.88 %
  China Life Insurance Co Ltd                                            1,764,000                 $ 7,777,364        0.68 %
  Dongfeng Motor Group Co LTD                                            4,740,000                 $ 6,157,177        0.54 %
  Bank Of Communications Co Ltd                                          6,040,000                 $ 6,070,848        0.53 %
  Weichai Power Co Ltd                                                     747,000                 $ 5,387,578        0.47 %
  China Pacific Insurance Group                                          1,374,200                 $ 5,113,944        0.45 %
  Air China Limited                                                      4,556,000                 $ 3,776,515        0.33 %
  Yanzhou Coal Mining Co                                                 1,609,997                 $ 3,142,192        0.28 %
  Zijin Mining Group                                                     3,794,000                 $ 3,079,763        0.27 %
  China Molybdenum Co Ltd                                                3,754,000                 $ 2,911,868        0.26 %
  Zhejiang Expressway Co                                                 3,222,000                 $ 2,782,213        0.24 %
  KGI Securities 144A ADR                                                  271,851                 $ 2,566,273        0.23 %
  China Telecom Corp LTD-H                                               4,330,000                 $ 1,778,432        0.16 %
TOTAL CHINA                                                                                      $ 135,781,841       11.92 %
HONG KONG
 China Mobile Ltd                                                        1,458,826               $ 13,701,836         1.20 %
 Lenovo Group Limited                                                   10,342,000                $ 7,068,627         0.62 %
 Shanghai Industrial Holdings L                                          1,062,000                $ 4,927,051         0.43 %
 Shenzhen Investment Ltd                                                13,209,032                $ 4,707,308         0.41 %
 Cnooc Ltd                                                               2,486,000                $ 3,484,794         0.31 %
 Citic Pacific Ltd                                                          83,000                  $ 175,707         0.02 %
TOTAL HONG KONG                                                                                   $ 34,065,323        2.99 %
HUNGARY
 OTP Bank PLC                                                               326,222                  $ 9,611,229      0.84 %
TOTAL HUNGARY                                                                                         $ 9,611,229     0.84 %
INDIA
  Infosys Technologies Ltd ADR                                             302,590               $ 15,707,447         1.38 %
  Reliance Industries Ltd                                                  418,765                $ 9,417,815         0.83 %
  Tata Consultancy Svs Ltd                                                 483,994                $ 7,686,075         0.68 %
  Sterlite Industries ADR                                                  450,166                $ 7,180,148         0.63 %
  Dr Reddys Laboratories                                                   279,384                $ 6,724,228         0.59 %
  Tata Motors Ltd                                                          393,842                $ 5,888,287         0.52 %
  Icici Bank Limited ADR                                                   164,746                $ 5,812,239         0.51 %
  State Bank Of India Ltd ADR                                               61,168                $ 5,460,083         0.48 %
  Reliance Infrastructure Ltd                                              237,221                $ 5,300,429         0.47 %
  HDFC Bank Ltd ADR                                                         42,214                $ 4,993,916         0.44 %
  Unitech Limited                                                        2,371,956                $ 3,800,573         0.33 %
  Wipro Ltd ADR                                                            163,485                $ 3,219,020         0.28 %
  JSW Steel Limited                                                        149,506                $ 3,178,564         0.28 %
  Grasim Industries LTD                                                      5,932                  $ 333,835         0.03 %
TOTAL INDIA                                                                                       $ 84,702,659        7.45 %


                                                     Not FDIC or NCUA insured
PQ 1042                            May Lose Value, Not a Deposit, No Bank or CreditUnion Guarantee
                                                                                                                         01-10
                                           Not Insured by any Federal Government Agency
                                  Informational data only. Do not use for audit purposes.
International Emerging Markets Separate Account
As of January 31, 2010




                                       SCHEDULE OF INVESTMENTS
                                                                                                      MARKET         % OF
                   SECURITY                                                 SHARES                     VALUE        ASSETS
INDONESIA
  Pt Astra International Tbk                                             2,484,000                   $ 9,496,114      0.83 %
  Telekomunikasi TBK                                                     6,638,500                   $ 6,591,750      0.58 %
  Bank Mandiri Persero Tbk Pt                                           11,247,500                   $ 5,573,086      0.49 %
  United Tractors Tbk Pt                                                 3,086,500                   $ 5,503,071      0.48 %
  Bank Negara Indonesia PT                                              21,455,500                   $ 4,391,447      0.39 %
  Bank Rakyat Indonesia                                                  5,191,500                   $ 4,209,229      0.37 %
TOTAL INDONESIA                                                                                      $ 35,764,697     3.14 %
ISRAEL
  Teva Pharmaceutical Industries ADR                                       193,905               $ 10,998,292         0.96 %
  Bezeq Israeli Telecommunicatio                                         1,581,034                $ 4,050,382         0.36 %
  Check Point Software Technolog                                            91,904                $ 2,939,090         0.26 %
TOTAL ISRAEL                                                                                      $ 17,987,764        1.58 %
KOREA (SOUTH)
 Samsung Electronics Co Ltd                                                  55,040              $ 36,981,956         3.24 %
 Posco ADR                                                                  149,464              $ 16,881,959         1.48 %
 Hyundai Motor Co                                                           100,636                $ 9,717,362        0.85 %
 Lg Electronics Inc                                                          85,554                $ 7,980,861        0.70 %
 Daelim Industrial Co Ltd                                                   120,426                $ 7,918,131        0.69 %
 Hynix Semiconductor Inc                                                    399,860                $ 7,768,352        0.68 %
 Lg Display Co Ltd                                                          223,230                $ 7,216,320        0.63 %
 Lg Corp                                                                    130,240                $ 7,019,039        0.62 %
 Lotte Shopping Co                                                           26,336                $ 6,762,448        0.59 %
 LG Chem LTD                                                                 32,727                $ 5,611,441        0.49 %
 Hanwha Chemical Corp                                                       420,420                $ 5,253,439        0.46 %
 Pusan Bank                                                                 492,230                $ 4,811,604        0.42 %
 Kia Motors Corporation                                                     287,829                $ 4,798,883        0.42 %
 Korea Exchange Bank                                                        392,380                $ 4,437,387        0.39 %
 Woori Finance Holdings Co Ltd                                              382,780                $ 4,389,377        0.39 %
 Industrial Bank of Korea                                                   386,910                $ 4,357,204        0.38 %
 Kt Corp                                                                    100,010                $ 4,273,096        0.37 %
 Korea Zinc Co Ltd                                                           28,458                $ 4,146,258        0.36 %
 Hyosung Corp                                                                55,046                $ 3,830,719        0.34 %
 Shinhan Financial Group Co Ltd                                              57,410                $ 2,004,597        0.18 %
 Kolon Industries Inc                                                        49,990                $ 1,850,285        0.16 %
 Korea Gas Corp                                                              27,196                $ 1,210,911        0.11 %
 Gs Holdings Corp                                                            39,320                $ 1,166,619        0.10 %
TOTAL KOREA (SOUTH)                                                                              $ 160,388,249       14.05 %
LUXEMBOURG
  Ternium SA                                                                206,159                  $ 6,135,292      0.54 %
  Evraz Group Sa                                                            124,019                  $ 4,071,040      0.36 %

                                                     Not FDIC or NCUA insured
PQ 1042                            May Lose Value, Not a Deposit, No Bank or CreditUnion Guarantee
                                                                                                                         01-10
                                           Not Insured by any Federal Government Agency
                                  Informational data only. Do not use for audit purposes.
International Emerging Markets Separate Account
As of January 31, 2010




                                     SCHEDULE OF INVESTMENTS
                                                                                                    MARKET         % OF
                  SECURITY                                                SHARES                     VALUE        ASSETS
TOTAL LUXEMBOURG                                                                                   $ 10,206,332     0.90 %
MALAYSIA
 Malayan Banking Bhd                                                   2,545,100                   $ 5,049,565      0.44 %
 Genting Bhd                                                           2,303,000                   $ 4,733,109      0.42 %
TOTAL MALAYSIA                                                                                      $ 9,782,674     0.86 %
MAURITIUS
 Golden Agri-Resources Ltd                                            15,731,000                   $ 5,792,740      0.51 %
TOTAL MAURITIUS                                                                                     $ 5,792,740     0.51 %
MEXICO
 America Movil SAB DE CV ADR                                             512,254               $ 22,359,887         1.96 %
 Grupo Mexico SAB De CV                                                3,173,100                $ 6,492,583         0.57 %
 Wal-mart de Mexico S.A.B. de C                                        1,294,000                $ 5,783,045         0.51 %
 Fomento Economico Mex-SP ADR                                            116,679                $ 4,919,187         0.43 %
 Corporacion Geo Sab-B                                                 1,441,900                $ 3,850,415         0.34 %
TOTAL MEXICO                                                                                    $ 43,405,117        3.81 %
POLAND
 KGHM Polska Miedz                                                        358,602              $ 11,850,983         1.04 %
 Bank Pekao SA                                                            108,627               $ 6,318,552         0.55 %
 Powszechna Kasa Oszczednosci B                                           339,214               $ 4,529,871         0.40 %
TOTAL POLAND                                                                                    $ 22,699,407        1.99 %
RUSSIAN FEDERATION
 Sberbank                                                              5,337,601               $ 15,537,862         1.36 %
 Gazprom OAO                                                             635,460               $ 15,378,132         1.35 %
 Rosneft Oil Co ADR                                                    1,904,593               $ 14,648,263         1.29 %
 Lukoil ADR                                                              211,901               $ 11,633,365         1.02 %
 MMC Norilsk Nickel JSC ADR                                              755,163               $ 11,553,994         1.01 %
 Novolipet Steel GDR                                                     273,555                 $ 8,312,467        0.73 %
 Novatek OAO ADR                                                          89,187                 $ 6,317,672        0.55 %
 Vimpel-Communications ADR                                               320,067                 $ 5,806,015        0.51 %
 Mobile Telesystems Ojsc ADR                                             116,781                 $ 5,579,796        0.49 %
 Gazprom OAO ADR                                                          85,381                 $ 5,175,851        0.45 %
 Tatneft GDR                                                             123,438                 $ 3,797,842        0.33 %
 Mechel Sponsored ADR                                                    188,032                 $ 3,721,153        0.33 %
TOTAL RUSSIAN FEDERATION                                                                       $ 107,462,412        9.42 %
SOUTH AFRICA
 Impala Platinum Holdings Ltd                                            381,787                   $ 9,883,662      0.87 %
 Sanlam Ltd                                                            2,710,800                   $ 8,172,966      0.72 %
 Steinhoff Intl Holdings Ltd                                           2,929,262                   $ 7,491,319      0.66 %
 Nedbank Group Ltd                                                       385,181                   $ 6,182,069      0.54 %
 Absa Group Ltd                                                          339,909                   $ 6,006,696      0.53 %


                                                   Not FDIC or NCUA insured
PQ 1042                          May Lose Value, Not a Deposit, No Bank or CreditUnion Guarantee
                                                                                                                       01-10
                                         Not Insured by any Federal Government Agency
                                Informational data only. Do not use for audit purposes.
International Emerging Markets Separate Account
As of January 31, 2010




                                       SCHEDULE OF INVESTMENTS
                                                                                                      MARKET         % OF
                 SECURITY                                                   SHARES                     VALUE        ASSETS
  Imperial Holdings Ltd                                                     386,670                  $ 4,076,121      0.36 %
  Mtn Group Ltd                                                             248,876                  $ 3,589,945      0.31 %
  Harmony Gold Mining Co Ltd                                                358,015                  $ 3,342,405      0.29 %
  ArcelorMittal South Africa                                                193,799                  $ 2,683,681      0.24 %
  Aspen Pharmacare Holdings Ltd                                             103,955                    $ 925,413      0.08 %
  Lereko Mobility Pty Ltd                                                    14,002                     $ 76,088      0.01 %
TOTAL SOUTH AFRICA                                                                                   $ 52,430,365     4.61 %
TAIWAN
  Taiwan Semicondustor Manufact                                         12,428,706               $ 23,593,271         2.07 %
  Hon Hai Precision Industry Co                                          4,226,874               $ 17,613,363         1.55 %
  Cathay Financial                                                       5,727,000                 $ 9,657,009        0.85 %
  Tripod Technology Corp                                                 1,914,000                 $ 6,537,970        0.57 %
  Uni President Enterprises Corp                                         6,100,004                 $ 6,503,826        0.57 %
  Richtek Technology Corp                                                  633,000                 $ 6,243,766        0.55 %
  WPG Holdings Co LTD                                                    3,767,000                 $ 5,815,891        0.51 %
  Chicony Electronics Co Ltd                                             2,315,000                 $ 5,693,885        0.50 %
  Novatek Microelectronics Corp                                          1,863,000                 $ 5,460,910        0.48 %
  Epistar Corporation                                                    1,695,000                 $ 5,340,310        0.47 %
  Taiwan Mobile Co Ltd                                                   2,664,000                 $ 5,146,926        0.45 %
  Sincere Navigation                                                     3,986,000                 $ 4,909,258        0.43 %
  Simplo Technology                                                        752,400                 $ 4,285,390        0.38 %
  Lite-On Technology Corp                                                2,747,670                 $ 3,483,528        0.31 %
  Foxconn Technology Co Ltd                                                824,000                 $ 3,233,693        0.28 %
  Au Optronics Corp                                                      2,601,530                 $ 2,857,216        0.25 %
  Huaku Development Co LTD                                               1,121,000                 $ 2,802,263        0.25 %
  China Steel Corporation                                                2,177,784                 $ 2,206,994        0.19 %
  E.Sun Financial Holding Co                                             4,802,000                 $ 1,792,879        0.16 %
  President Chain Store Corp                                               562,136                 $ 1,291,285        0.11 %
  Chroma Ate Inc                                                               137                       $ 267        0.00 %
TOTAL TAIWAN                                                                                     $ 124,469,899       10.93 %
THAILAND
  Banpu Plc                                                                 338,000                  $ 5,403,621      0.47 %
  PTT PCL                                                                   726,900                  $ 4,850,801      0.43 %
  Bangkok Bank Pcl                                                          757,500                  $ 2,552,536      0.22 %
  Siam Commercial Bank Pcl                                                  684,600                  $ 1,635,690      0.14 %
TOTAL THAILAND                                                                                       $ 14,442,648     1.26 %
TURKEY
  Turkiye Garanti Bankasi As                                             2,158,464                   $ 9,095,325      0.80 %
  Turkiye Halk Bankasi                                                   1,042,343                   $ 7,113,630      0.62 %
  Asya Katilim Bankasi As                                                2,606,579                   $ 6,800,065      0.60 %
  Arcelik A.S.                                                           1,083,403                   $ 4,303,463      0.38 %


                                                     Not FDIC or NCUA insured
PQ 1042                            May Lose Value, Not a Deposit, No Bank or CreditUnion Guarantee
                                                                                                                         01-10
                                           Not Insured by any Federal Government Agency
                                  Informational data only. Do not use for audit purposes.
International Emerging Markets Separate Account
As of January 31, 2010




                                 SCHEDULE OF INVESTMENTS
                                                                                                MARKET         % OF
                 SECURITY                                             SHARES                     VALUE        ASSETS
  Koc Holding As                                                   1,152,038                   $ 3,918,760      0.34 %
  Ford Otomotiv Sanayi As                                            401,644                   $ 2,830,848      0.25 %
  Turkiye Is Bankasi                                                                                    $1      0.00 %
TOTAL TURKEY                                                                                   $ 34,062,092     2.99 %
UNITED KINGDOM
 Antofagasta PLC                                                      676,263                  $ 9,410,181      0.83 %
TOTAL UNITED KINGDOM                                                                            $ 9,410,181     0.83 %

TOTAL MARKET VALUE                                                                         $ 1,125,170,558      98.72%
CASH AND OTHER                                                                                $ 14,595,002       1.28%
TOTAL PORTFOLIO                                                                            $ 1,139,765,561     100.00%




                                               Not FDIC or NCUA insured
PQ 1042                      May Lose Value, Not a Deposit, No Bank or CreditUnion Guarantee
                                                                                                                   01-10
                                     Not Insured by any Federal Government Agency
                            Informational data only. Do not use for audit purposes.
International Emerging Markets Separate Account
As of January 31, 2010




 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.
 Portfolio holdings may not reflect the current portfolio composition. The holdings listed do
 not constitute a recommendation to purchase or sell a particular security.

 Separate Accounts are available through a group annuity contract with the Principal Life
 Insurance Company. Insurance products and plan administrative services are provided by
 Principal Life Insurance Company a member of the Principal Financial Group, Des
 Moines, IA 50392. See the group annuity contract for the full name of the Separate
 Account. Certain investment options may not be available in all states or U.S.
 commonwealths.
 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.




                                                 Not FDIC or NCUA insured
PQ 1042                        May Lose Value, Not a Deposit, No Bank or CreditUnion Guarantee
                                                                                                 01-10
                                       Not Insured by any Federal Government Agency
                             Informational data only. Do not use for audit purposes.