Real Estate Securities Fund
Name
As of 09/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
13.3%
1 yr return
24.7%
3 Yr Avg Return
1.8%
5 Yr Avg Return
5.0%
Net Assets
$5.89 B
Holdings in Top 10
55.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.68%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 31.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 09/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PRAEX - Profile
Distributions
- YTD Total Return 13.3%
- 3 Yr Annualized Total Return 1.8%
- 5 Yr Annualized Total Return 5.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.37%
- Dividend Yield 1.3%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameReal Estate Securities Fund
-
Fund Family NamePrincipal Funds
-
Inception DateAug 11, 2006
-
Shares OutstandingN/A
-
Share ClassR1
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKelly Rush
Fund Description
PRAEX - Performance
Return Ranking - Trailing
Period | PRAEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 13.3% | -10.9% | 23.0% | 42.31% |
1 Yr | 24.7% | -11.1% | 34.5% | 60.77% |
3 Yr | 1.8%* | -11.8% | 8.0% | 53.94% |
5 Yr | 5.0%* | -11.3% | 14.7% | 42.68% |
10 Yr | 7.6%* | -2.5% | 15.8% | 28.92% |
* Annualized
Return Ranking - Calendar
Period | PRAEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.1% | -17.6% | 24.6% | 26.05% |
2022 | -27.7% | -51.3% | 2.7% | 18.46% |
2021 | 33.5% | -7.7% | 52.3% | 42.75% |
2020 | -5.9% | -42.2% | 35.0% | 24.38% |
2019 | 27.1% | -0.8% | 43.1% | 5.58% |
Total Return Ranking - Trailing
Period | PRAEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 13.3% | -10.9% | 23.0% | 42.31% |
1 Yr | 24.7% | -11.1% | 34.5% | 60.77% |
3 Yr | 1.8%* | -11.8% | 8.0% | 53.94% |
5 Yr | 5.0%* | -11.3% | 14.7% | 42.68% |
10 Yr | 7.6%* | -2.5% | 15.8% | 28.92% |
* Annualized
Total Return Ranking - Calendar
Period | PRAEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.4% | -14.0% | 25.0% | 37.55% |
2022 | -25.8% | -40.7% | 7.8% | 43.46% |
2021 | 38.6% | 7.8% | 54.6% | 69.80% |
2020 | -4.0% | -36.6% | 44.3% | 42.98% |
2019 | 30.1% | 3.4% | 46.4% | 25.75% |
NAV & Total Return History
PRAEX - Holdings
Concentration Analysis
PRAEX | Category Low | Category High | PRAEX % Rank | |
---|---|---|---|---|
Net Assets | 5.89 B | 1.39 M | 61.4 B | 9.06% |
Number of Holdings | 40 | 22 | 506 | 43.51% |
Net Assets in Top 10 | 3.05 B | 1.36 M | 28.4 B | 10.69% |
Weighting of Top 10 | 55.65% | 13.3% | 90.0% | 55.73% |
Top 10 Holdings
- American Tower Corp 9.63%
- Welltower Inc 6.64%
- Equinix Inc 6.38%
- Prologis Inc 5.93%
- AvalonBay Communities Inc 5.32%
- Extra Space Storage Inc 5.30%
- Ventas Inc 5.23%
- Invitation Homes Inc 3.88%
- VICI Properties Inc 3.82%
- SBA Communications Corp 3.52%
Asset Allocation
Weighting | Return Low | Return High | PRAEX % Rank | |
---|---|---|---|---|
Stocks | 99.23% | 0.00% | 105.52% | 37.40% |
Cash | 1.00% | -42.50% | 19.87% | 52.29% |
Preferred Stocks | 0.00% | 0.00% | 31.13% | 68.70% |
Other | 0.00% | -89.90% | 107.80% | 63.74% |
Convertible Bonds | 0.00% | 0.00% | 10.95% | 64.37% |
Bonds | 0.00% | -3.17% | 155.83% | 65.65% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PRAEX % Rank | |
---|---|---|---|---|
Real Estate | 96.42% | 34.46% | 100.00% | 83.87% |
Consumer Cyclical | 3.58% | 0.00% | 45.29% | 8.87% |
Utilities | 0.00% | 0.00% | 3.55% | 61.69% |
Technology | 0.00% | 0.00% | 12.02% | 70.56% |
Industrials | 0.00% | 0.00% | 7.39% | 66.13% |
Healthcare | 0.00% | 0.00% | 0.53% | 63.31% |
Financial Services | 0.00% | 0.00% | 37.05% | 64.92% |
Energy | 0.00% | 0.00% | 33.11% | 62.90% |
Communication Services | 0.00% | 0.00% | 11.61% | 66.13% |
Consumer Defense | 0.00% | 0.00% | 0.93% | 62.10% |
Basic Materials | 0.00% | 0.00% | 13.69% | 63.71% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PRAEX % Rank | |
---|---|---|---|---|
US | 99.23% | 0.00% | 105.52% | 33.59% |
Non US | 0.00% | 0.00% | 37.71% | 67.18% |
PRAEX - Expenses
Operational Fees
PRAEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.68% | 0.07% | 28.75% | 31.66% |
Management Fee | 0.80% | 0.00% | 1.50% | 69.47% |
12b-1 Fee | 0.35% | 0.00% | 1.00% | 66.41% |
Administrative Fee | 0.28% | 0.01% | 0.45% | 89.04% |
Sales Fees
PRAEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
PRAEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PRAEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 31.00% | 0.11% | 380.00% | 39.92% |
PRAEX - Distributions
Dividend Yield Analysis
PRAEX | Category Low | Category High | PRAEX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.32% | 0.00% | 13.03% | 88.93% |
Dividend Distribution Analysis
PRAEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | SemiAnnual | Quarterly | Quarterly |
Net Income Ratio Analysis
PRAEX | Category Low | Category High | PRAEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.37% | -1.14% | 6.05% | 84.56% |
Capital Gain Distribution Analysis
PRAEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 19, 2024 | $0.104 | OrdinaryDividend |
Dec 27, 2023 | $0.112 | OrdinaryDividend |
Sep 20, 2023 | $0.221 | OrdinaryDividend |
Jun 20, 2023 | $0.108 | OrdinaryDividend |
Mar 17, 2023 | $0.093 | OrdinaryDividend |
Dec 28, 2022 | $0.344 | OrdinaryDividend |
Sep 20, 2022 | $0.245 | OrdinaryDividend |
Jun 17, 2022 | $0.031 | OrdinaryDividend |
Mar 17, 2022 | $0.041 | OrdinaryDividend |
Dec 29, 2021 | $0.158 | OrdinaryDividend |
Dec 20, 2021 | $0.394 | CapitalGainShortTerm |
Dec 20, 2021 | $0.438 | CapitalGainLongTerm |
Sep 20, 2021 | $0.138 | OrdinaryDividend |
Jun 17, 2021 | $0.041 | OrdinaryDividend |
Mar 17, 2021 | $0.050 | OrdinaryDividend |
Dec 29, 2020 | $0.174 | OrdinaryDividend |
Dec 18, 2020 | $0.089 | CapitalGainLongTerm |
Sep 18, 2020 | $0.102 | OrdinaryDividend |
Jun 17, 2020 | $0.061 | OrdinaryDividend |
Mar 18, 2020 | $0.071 | OrdinaryDividend |
Dec 27, 2019 | $0.065 | OrdinaryDividend |
Dec 19, 2019 | $0.246 | CapitalGainLongTerm |
Sep 18, 2019 | $0.040 | OrdinaryDividend |
Sep 18, 2019 | $0.114 | CapitalGainLongTerm |
Jun 19, 2019 | $0.090 | OrdinaryDividend |
Mar 19, 2019 | $0.070 | OrdinaryDividend |
Dec 27, 2018 | $0.055 | OrdinaryDividend |
Dec 19, 2018 | $0.075 | CapitalGainShortTerm |
Dec 19, 2018 | $0.352 | CapitalGainLongTerm |
Sep 18, 2018 | $0.125 | OrdinaryDividend |
Jun 19, 2018 | $0.058 | OrdinaryDividend |
Mar 19, 2018 | $0.064 | OrdinaryDividend |
Dec 27, 2017 | $0.053 | OrdinaryDividend |
Dec 20, 2017 | $0.004 | CapitalGainShortTerm |
Dec 20, 2017 | $0.504 | CapitalGainLongTerm |
Sep 18, 2017 | $0.039 | OrdinaryDividend |
Jun 20, 2017 | $0.035 | OrdinaryDividend |
Mar 21, 2017 | $0.036 | OrdinaryDividend |
Dec 28, 2016 | $0.033 | OrdinaryDividend |
Dec 20, 2016 | $0.596 | CapitalGainLongTerm |
Sep 30, 2016 | $0.044 | OrdinaryDividend |
Jun 30, 2016 | $0.075 | OrdinaryDividend |
Mar 31, 2016 | $0.073 | OrdinaryDividend |
Dec 28, 2015 | $0.046 | OrdinaryDividend |
Dec 17, 2015 | $0.080 | CapitalGainShortTerm |
Dec 17, 2015 | $1.138 | CapitalGainLongTerm |
Sep 30, 2015 | $0.041 | OrdinaryDividend |
Jun 30, 2015 | $0.031 | OrdinaryDividend |
Mar 31, 2015 | $0.028 | OrdinaryDividend |
Dec 29, 2014 | $0.051 | OrdinaryDividend |
Dec 17, 2014 | $0.216 | CapitalGainLongTerm |
Sep 30, 2014 | $0.032 | OrdinaryDividend |
Jun 30, 2014 | $0.035 | OrdinaryDividend |
Mar 31, 2014 | $0.037 | OrdinaryDividend |
Dec 27, 2013 | $0.104 | OrdinaryDividend |
Dec 18, 2013 | $0.004 | CapitalGainShortTerm |
Dec 18, 2013 | $2.905 | CapitalGainLongTerm |
Sep 30, 2013 | $0.033 | OrdinaryDividend |
Jun 28, 2013 | $0.033 | OrdinaryDividend |
Mar 28, 2013 | $0.035 | OrdinaryDividend |
Dec 27, 2012 | $0.030 | OrdinaryDividend |
Sep 28, 2012 | $0.018 | OrdinaryDividend |
Jun 29, 2012 | $0.025 | OrdinaryDividend |
Mar 30, 2012 | $0.018 | OrdinaryDividend |
Dec 27, 2011 | $0.007 | OrdinaryDividend |
Sep 30, 2011 | $0.006 | OrdinaryDividend |
Jun 30, 2011 | $0.007 | OrdinaryDividend |
Dec 31, 2010 | $0.070 | OrdinaryDividend |
Sep 30, 2010 | $0.031 | OrdinaryDividend |
Jun 30, 2010 | $0.038 | OrdinaryDividend |
Mar 31, 2010 | $0.068 | OrdinaryDividend |
Dec 31, 2009 | $0.058 | OrdinaryDividend |
Sep 30, 2009 | $0.031 | OrdinaryDividend |
Jun 30, 2009 | $0.044 | OrdinaryDividend |
Mar 31, 2009 | $0.088 | OrdinaryDividend |
Dec 31, 2008 | $0.082 | OrdinaryDividend |
Sep 30, 2008 | $0.052 | OrdinaryDividend |
Jun 30, 2008 | $0.054 | OrdinaryDividend |
Mar 31, 2008 | $0.066 | OrdinaryDividend |
Dec 31, 2007 | $0.054 | OrdinaryDividend |
Dec 06, 2007 | $0.335 | CapitalGainShortTerm |
Dec 06, 2007 | $5.394 | CapitalGainLongTerm |
Dec 29, 2006 | $0.058 | OrdinaryDividend |
Dec 06, 2006 | $2.068 | CapitalGainLongTerm |
Sep 29, 2006 | $0.023 | OrdinaryDividend |
Jun 30, 2006 | $0.012 | OrdinaryDividend |
Dec 06, 2005 | $0.072 | CapitalGainShortTerm |
Dec 06, 2005 | $0.537 | CapitalGainLongTerm |
Sep 30, 2005 | $0.058 | OrdinaryDividend |
Jun 29, 2005 | $0.058 | OrdinaryDividend |
Mar 31, 2005 | $0.048 | OrdinaryDividend |
Dec 23, 2004 | $0.275 | OrdinaryDividend |
Dec 06, 2004 | $0.264 | CapitalGainShortTerm |
Dec 06, 2004 | $0.785 | CapitalGainLongTerm |
PRAEX - Fund Manager Analysis
Managers
Kelly Rush
Start Date
Tenure
Tenure Rank
Dec 06, 2000
21.5
21.5%
As head of global property securities, Kelly directs the domestic and global real estate investment trust (REIT) activity for Principal Real Estate Investors, the dedicated real estate group of Principal Global Investors. He has experience in both separate account and pooled fund management, and has been managing real estate stock portfolios since 1997. Previously, Kelly participated in structuring commercial mortgage loans for public real estate companies and the analysis of real estate investment trust issued bonds. He has been with the real estate investment area of the firm since 1987. Kelly received an MBA in business administration and a bachelor's degree in finance from the University of Iowa. He has earned the right to use the Chartered Financial Analyst designation. Kelly is a member of the Iowa Society of Financial Analysts and the CFA Institute. Kelly is an active supporter of the Toigo Foundation and is currently serving as a mentor to a 2007 Toigo Fellow. Kelly’s prior speaking engagements include the Institutional Investor Endowments & Foundations Roundtable, the NAREIT Institutional Investor Forum, the National Conference of Public Employee Retirement Systems (NCPERS), and the International Council of Shopping Centers (ICSC) Law Conference.
Anthony Kenkel
Start Date
Tenure
Tenure Rank
Jun 15, 2012
9.96
10.0%
Anthony is a managing director of real estate securities portfolio management for Principal Real Estate Investors, the dedicated real estate unit of Principal Global Investors. Currently based in Singapore, he is responsible for the firm’s Asia Pacific real estate capability in REITs and listed real estate securities, and has prior experience managing the firm’s Americas real estate capabilities. He also remains active in managing U.S. securities as one of the teams listed U.S. portfolio managers. Anthony joined Principal in 1997. In 2000, he became a real estate consultant for Arthur Andersen before joining GATX Corporation as a senior financial analyst in 2002. Anthony rejoined Principal in 2005 in his current position. He received a bachelor's degree in finance from Drake University and an MBA from the University of Chicago Graduate School of Business. Anthony has earned the right to use the Chartered Financial Analyst and Financial Risk Manager designations.
Keith Bokota
Start Date
Tenure
Tenure Rank
Nov 22, 2013
8.53
8.5%
Keith is an associate director of real estate securities portfolio management for Principal Real Estate Investors Real Estate, the dedicated real estate group of Principal Global Investors. He is responsible for analyzing real estate investment trusts and is a member of the real estate securities portfolio management team. Keith joined the firm in 2007 as an analyst and moved to his current position in 2013. Before joining Principal Real Estate Investors, Keith worked as an analyst for Jones Lang LaSalle. Keith received his bachelor’s degree in finance and international business from Georgetown University and has earned the right to use the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 28.42 | 8.12 | 16.42 |