POSIX: Principal Global Real Estate Sec Instl

Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

POSIX Principal Global Real Estate Sec Instl

  • Fund
  • POSIX
  • Price as of: Nov 08, 2019
  • $10.59 - $0.08 - 0.75%

POSIX - Profile

Vitals

  • YTD Return 19.4%
  • 3 Yr Annualized Return 7.4%
  • 5 Yr Annualized Return 2.8%
  • Net Assets $3.45 B
  • Holdings in Top 10 28.7%

52 WEEK LOW AND HIGH

$10.59
$8.73
$10.91

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.94%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 24.30%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Global Real Estate

Distributions

  • YTD Total Return 19.4%
  • 3 Yr Annualized Total Return 7.4%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.15%
DIVIDENDS
  • Dividend Yield 2.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Principal Global Real Estate Securities Fund
  • Fund Family Name Principal Funds
  • Inception Date Oct 01, 2007
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Simon Hedger

Fund Description

The Principal Global Real Estate Securities Fund Institutional Class (POSIX) looks to provide investors with a high rate of total return through capital appreciation and dividends. POSIX does this by betting on a variety of real estate-related equities both at home and abroad. These equities include REITs, real estate developers, property managers and real estate brokers. The fund can invest across the entire market cap spectrum and holds small-, mid- and large-cap stocks. POSIX is allocated roughly 50/50 between U.S. and international holdings.

With its expenses below the category average, POSIX makes a prime core position in any portfolio. The fund is managed by Principal Management and is subadvised by Principal Real Estate Investors.

POSIX - Performance

Return Ranking - Trailing

Period POSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.4% 0.0% 28.8% 35.34%
1 Yr 11.5% -2.7% 33.0% 55.17%
3 Yr 7.4%* -6.7% 25.0% 32.34%
5 Yr 2.8%* -8.2% 9.0% 27.78%
10 Yr 6.1%* -3.5% 11.8% 20.91%

* Annualized


Return Ranking - Calendar

Period POSIX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.8% -27.7% 73.0% 6.22%
2017 10.1% -10.0% 23.6% 33.00%
2016 -3.1% -31.0% 42.6% 51.34%
2015 -2.8% -27.7% 2.8% 22.02%
2014 12.6% -6.1% 115.9% 13.01%

Total Return Ranking - Trailing

Period POSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.4% 0.0% 28.8% 35.78%
1 Yr 11.5% -2.6% 33.0% 61.64%
3 Yr 7.4%* -4.3% 36.1% 65.17%
5 Yr 2.8%* -4.4% 10.6% 73.46%
10 Yr 6.1%* 0.4% 11.9% 69.09%

* Annualized


Total Return Ranking - Calendar

Period POSIX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.8% -27.7% 76.6% 37.80%
2017 10.1% -7.1% 28.0% 61.00%
2016 -3.1% -27.8% 49.1% 85.03%
2015 -2.8% -11.0% 5.0% 65.48%
2014 12.6% -5.7% 115.9% 56.85%

NAV & Total Return History

POSIX - Holdings

Concentration Analysis

POSIX Category Low Category High POSIX % Rank
Net Assets 3.45 B 4.34 M 9.26 B 4.87%
Number of Holdings 89 26 691 47.62%
Net Assets in Top 10 961 M 1.38 M 6.07 B 5.19%
Weighting of Top 10 28.67% 16.3% 82.0% 68.40%

Top 10 Holdings

  1. Prologis Inc 3.71%

  2. AvalonBay Communities Inc 3.63%

  3. Welltower Inc 3.17%

  4. Vonovia SE 3.02%

  5. Invitation Homes Inc 2.80%

  6. Segro PLC 2.66%

  7. Alexandria Real Estate Equities Inc 2.53%

  8. Essex Property Trust Inc 2.47%

  9. Link Real Estate Investment Trust 2.38%

  10. Goodman Group 2.31%


Asset Allocation

Weighting Return Low Return High POSIX % Rank
Stocks
99.26% 13.60% 100.28% 21.65%
Cash
0.74% -0.31% 10.06% 74.03%
Preferred Stocks
0.00% 0.00% 21.84% 52.38%
Other
0.00% -15.98% 78.71% 77.49%
Convertible Bonds
0.00% 0.00% 0.89% 53.25%
Bonds
0.00% -15.73% 21.63% 53.68%

Stock Sector Breakdown

Weighting Return Low Return High POSIX % Rank
Real Estate
96.57% 8.66% 100.10% 40.09%
Technology
1.63% 0.00% 5.12% 12.78%
Consumer Cyclical
1.06% 0.00% 12.26% 23.35%
Utilities
0.00% 0.00% 1.37% 53.74%
Industrials
0.00% 0.00% 7.18% 73.57%
Healthcare
0.00% 0.00% 4.89% 55.95%
Financial Services
0.00% 0.00% 10.09% 66.52%
Energy
0.00% 0.00% 0.03% 52.42%
Communication Services
0.00% 0.00% 0.38% 54.63%
Consumer Defense
0.00% 0.00% 0.02% 52.42%
Basic Materials
0.00% 0.00% 4.80% 56.39%

Stock Geographic Breakdown

Weighting Return Low Return High POSIX % Rank
US
55.79% 0.00% 66.13% 20.35%
Non US
43.47% 1.82% 98.04% 61.04%

POSIX - Expenses

Operational Fees

POSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.94% 0.11% 209.91% 86.09%
Management Fee 0.86% 0.09% 1.50% 60.34%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.26% N/A

Sales Fees

POSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

POSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Turnover 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.

POSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.30% 3.00% 204.00% 14.22%

POSIX - Distributions

Dividend Yield Analysis

POSIX Category Low Category High POSIX % Rank
Dividend Yield 1.96% 0.00% 4.98% 22.84%

Dividend Distribution Analysis

POSIX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Quarterly Quarterly

Dividend Payout History


Net Income Ratio Analysis

POSIX Category Low Category High POSIX % Rank
Net Income Ratio 2.15% -1.35% 4.52% 40.43%

Capital Gain Distribution Analysis

POSIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

POSIX - Managers

Simon Hedger

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2007

12.09

12.1%

Simon is a managing director of real estate securities portfolio management for Principal Real Estate Investors, the dedicated real estate unit of Principal Global Investors. Based in London, he is responsible for the firm's European, Middle East, and Africa real estate capability in REITs and listed real estate securities. Simon has over 34 years of real estate experience, including extensive time spent in both the United Kingdom and Australia markets. This includes positions both as an analyst and as a portfolio manager. He joined Principal Global Investors in 2003. Previously, Simon worked for Domaine real estate funds, managing the assets of its real estate syndicates. Prior to this, he was a senior equities analyst at Prudential Bache/BNP Equities. His background also includes positions as fund manager for Paladin Commercial Trust and GEM Commercial Property Trust, as well as a variety of real estate related roles with Prudential Assurance Company in both Australia and the United Kingdom. Simon received an MBA from the University of New England and is an associate member of the Royal Institute of Chartered Surveyors, the Australian Property Institute and the FTSE EPRA NAREIT European Regional Index Committee.


Kelly D. Rush

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2007

12.09

12.1%

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

Manager

Start Date

Tenure

Tenure Rank

Sep 16, 2010

9.13

9.1%

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.


Tenure Analysis

Category Low

0.0

Category High

20.76

Category Average

7.34

Category Mode

13.18