POSIX: Principal Global Real Estate Sec Instl

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POSIX Principal Global Real Estate Sec Instl


Profile

POSIX - Profile

Vitals

  • YTD Return -12.6%
  • 3 Yr Annualized Return -1.4%
  • 5 Yr Annualized Return 0.5%
  • Net Assets $2.95 B
  • Holdings in Top 10 33.3%

52 WEEK LOW AND HIGH

$9.06
$6.39
$10.96

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

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

BROKERAGE FEES

  • Turnover 42.40%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

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

Distributions

  • YTD Total Return -12.6%
  • 3 Yr Annualized Total Return -1.4%
  • 5 Yr Annualized Total Return 0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.73%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of U.S. and non-U.S. companies principally engaged in the real estate industry at the time of purchase. For the fund's investment policies, a real estate company has at least 50% of its assets, income or profits derived from products or services related to the real estate industry.


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Categories

Performance

POSIX - Performance

Return Ranking - Trailing

Period POSIX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.6% -38.4% 1.4% 46.43%
1 Yr -13.1% -34.9% 15.3% 32.74%
3 Yr -1.4%* -15.1% 22.8% 32.14%
5 Yr 0.5%* -11.3% 11.7% 33.53%
10 Yr 3.2%* -5.8% 10.4% 12.00%

* Annualized

Return Ranking - Calendar

Period POSIX Return Category Return Low Category Return High Rank in Category (%)
2019 16.9% -12.7% 26.5% 36.04%
2018 -6.8% -27.7% 73.0% 6.53%
2017 10.1% -10.0% 23.6% 31.75%
2016 -3.1% -31.0% 42.6% 54.55%
2015 -2.8% -27.7% 2.8% 23.27%

Total Return Ranking - Trailing

Period POSIX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.6% -38.4% 1.4% 46.43%
1 Yr -13.1% -34.9% 15.3% 32.74%
3 Yr -1.4%* -15.0% 26.5% 41.84%
5 Yr 0.5%* -7.1% 19.9% 55.49%
10 Yr 3.2%* -3.4% 10.4% 54.00%

* Annualized

Total Return Ranking - Calendar

Period POSIX Return Category Return Low Category Return High Rank in Category (%)
2019 16.9% -12.7% 26.5% 36.04%
2018 -6.8% -27.7% 76.6% 39.70%
2017 10.1% 1.3% 28.0% 60.32%
2016 -3.1% -27.8% 49.1% 85.80%
2015 -2.8% -11.0% 5.0% 67.30%

NAV & Total Return History


Holdings

POSIX - Holdings

Concentration Analysis

POSIX Category Low Category High POSIX % Rank
Net Assets 2.95 B 119 K 7.73 B 5.02%
Number of Holdings 91 1 691 44.50%
Net Assets in Top 10 959 M 686 K 5.28 B 5.05%
Weighting of Top 10 33.32% 18.9% 100.0% 42.66%

Top 10 Holdings

  1. Prologis Inc 6.45%
  2. Vonovia SE 4.82%
  3. Segro PLC 3.72%
  4. AvalonBay Communities Inc 3.65%
  5. Invitation Homes Inc 3.42%
  6. Rexford Industrial Realty Inc 2.36%
  7. Goodman Group 2.27%
  8. Alexandria Real Estate Equities Inc 2.25%
  9. American Homes 4 Rent Class A 2.21%
  10. Welltower Inc 2.18%

Asset Allocation

Weighting Return Low Return High POSIX % Rank
Stocks
99.08% 13.60% 101.04% 45.54%
Cash
0.92% -1.04% 47.45% 53.67%
Preferred Stocks
0.00% 0.00% 23.47% 84.86%
Other
0.00% -0.39% 4.14% 90.83%
Convertible Bonds
0.00% 0.00% 0.55% 84.40%
Bonds
0.00% -15.73% 3.22% 83.04%

Stock Sector Breakdown

Weighting Return Low Return High POSIX % Rank
Real Estate
98.59% 70.83% 100.00% 49.08%
Technology
0.80% 0.00% 12.06% 20.18%
Consumer Cyclical
0.61% 0.00% 14.09% 40.83%
Utilities
0.00% 0.00% 3.16% 84.86%
Industrials
0.00% 0.00% 6.58% 89.91%
Healthcare
0.00% 0.00% 1.06% 88.53%
Financial Services
0.00% 0.00% 8.77% 87.16%
Energy
0.00% 0.00% 0.01% 84.40%
Communication Services
0.00% 0.00% 4.67% 91.28%
Consumer Defense
0.00% 0.00% 0.05% 84.40%
Basic Materials
0.00% 0.00% 0.83% 84.86%

Stock Geographic Breakdown

Weighting Return Low Return High POSIX % Rank
US
53.11% 0.00% 87.52% 46.79%
Non US
45.97% 0.00% 101.04% 43.12%

Expenses

POSIX - Expenses

Operational Fees

POSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.11% 26.91% 84.32%
Management Fee 0.86% 0.09% 1.50% 63.39%
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 0.00% 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.

POSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 42.40% 0.00% 242.00% 32.14%

Distributions

POSIX - Distributions

Dividend Yield Analysis

POSIX Category Low Category High POSIX % Rank
Dividend Yield 0.00% 0.00% 6.79% 86.67%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

POSIX Category Low Category High POSIX % Rank
Net Income Ratio 1.73% -0.25% 4.32% 47.53%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

POSIX - Fund Manager Analysis

Managers

Simon Hedger


Start Date

Tenure

Tenure Rank

Oct 01, 2007

12.93

12.9%

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 Rush


Start Date

Tenure

Tenure Rank

Oct 01, 2007

12.93

12.9%

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

Sep 16, 2010

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.18 18.68 7.06 14.01