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PRLEX Principal Real Estate Securities B

  • Fund
  • PRLEX
  • Price as of: N/A
  • N/A N/A N/A
  • Category
  • Real Estate
  • Fund Company
  • N/A

PRLEX - Profile

Vitals

  • YTD Return N/A
  • 3 Yr Annualized Return 15.8%
  • 5 Yr Annualized Return 18.4%
  • Net Assets $2.49 B
  • Holdings in Top 10 49.7%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.20%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 11.10%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Mar 01, 2010

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 14.8%
  • 5 Yr Annualized Total Return 18.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.04%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Principal Real Estate Securities Fund
  • Fund Family Name N/A
  • Inception Date Jun 28, 2005
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Anthony Kenkel

Fund Description

The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies principally engaged in the real estate industry at the time of each purchase. It invests in equity securities of small, medium, and large market capitalization companies. The fund concentrates its investments (invest more than 25% of its net assets) in securities in the real estate industry. It can invest a higher percentage of assets in securities of individual issuers than a diversified fund. The fund is non-diversified.

PRLEX - Performance

Return Ranking - Trailing

Period PRLEX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 7.7% 23.1% N/A
1 Yr 34.3% -33.0% 16.8% N/A
3 Yr 15.8%* -16.6% 6.0% N/A
5 Yr 18.4%* -11.1% 20.0% N/A
10 Yr 9.8%* 2.2% 15.9% N/A

* Annualized


Return Ranking - Calendar

Period PRLEX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -44.0% -5.8% N/A
2017 N/A -16.4% 25.4% N/A
2016 N/A -17.0% 8.6% N/A
2015 N/A -18.1% 2.4% N/A
2014 N/A -3.3% 115.9% N/A

Total Return Ranking - Trailing

Period PRLEX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 7.8% 23.4% N/A
1 Yr 29.3% -32.2% 20.5% N/A
3 Yr 14.8%* -16.2% 9.0% N/A
5 Yr 18.2%* -10.8% 20.0% N/A
10 Yr 9.8%* 2.2% 17.0% N/A

* Annualized


Total Return Ranking - Calendar

Period PRLEX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -43.3% -1.9% N/A
2017 N/A -13.6% 32.7% N/A
2016 N/A -12.3% 10.2% N/A
2015 N/A -15.2% 7.6% N/A
2014 N/A -3.3% 115.9% N/A

NAV & Total Return History

PRLEX - Holdings

Concentration Analysis

PRLEX Category Low Category High PRLEX % Rank
Net Assets 2.49 B 10.8 M 63.8 B N/A
Number of Holdings 42 21 731 N/A
Net Assets in Top 10 1.24 B 3.86 M 26.5 B N/A
Weighting of Top 10 49.65% 11.9% 161.1% N/A

Top 10 Holdings

  1. Simon Property Group Inc 11.46%

  2. Ventas Inc 5.01%

  3. Essex Property Trust Inc 4.86%

  4. Health Care REIT, Inc. 4.33%

  5. Boston Properties Inc 4.20%

  6. SL Green Realty Corp 4.19%

  7. Prologis Inc 4.16%

  8. General Growth Properties Inc 3.94%

  9. Host Hotels & Resorts Inc 3.75%

  10. Public Storage 3.74%


Asset Allocation

Weighting Return Low Return High PRLEX % Rank
Stocks
98.09% 15.70% 100.26% N/A
Cash
1.91% -113.94% 18.56% N/A
Preferred Stocks
0.00% 0.00% 53.32% N/A
Other
0.00% -0.53% 5.77% N/A
Convertible Bonds
0.00% 0.00% 5.90% N/A
Bonds
0.00% 0.00% 113.82% N/A

Stock Sector Breakdown

Weighting Return Low Return High PRLEX % Rank
Real Estate
97.03% 12.48% 100.26% N/A
Healthcare
1.06% 0.00% 4.68% N/A
Utilities
0.00% 0.00% 0.01% N/A
Technology
0.00% 0.00% 9.96% N/A
Industrials
0.00% -0.04% 7.21% N/A
Financial Services
0.00% 0.00% 13.79% N/A
Energy
0.00% 0.00% 5.47% N/A
Communication Services
0.00% 0.00% 12.24% N/A
Consumer Defense
0.00% 0.00% 0.22% N/A
Consumer Cyclical
0.00% -0.45% 37.68% N/A
Basic Materials
0.00% -0.10% 10.79% N/A

Stock Geographic Breakdown

Weighting Return Low Return High PRLEX % Rank
US
98.09% 15.70% 100.26% N/A
Non US
0.00% 0.00% 47.66% N/A

PRLEX - Expenses

Operational Fees

PRLEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.20% 0.00% 29.08% N/A
Management Fee 0.83% 0.00% 1.20% N/A
12b-1 Fee 1.00% 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

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

Trading Fees

PRLEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 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.

PRLEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.10% 3.00% 1060.00% N/A

PRLEX - Distributions

Dividend Yield Analysis

PRLEX Category Low Category High PRLEX % Rank
Dividend Yield 0.00% 0.00% 0.05% N/A

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PRLEX Category Low Category High PRLEX % Rank
Net Income Ratio 0.04% -0.10% 5.36% N/A

Capital Gain Distribution Analysis

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

PRLEX - Managers

Anthony Kenkel

Manager

Start Date

Tenure

Tenure Rank

Jun 15, 2012

2.63

2.6%

Anthony Kenkel, CFA, FRM - Portfolio Manager Anthony is a portfolio manager for Principal Real Estate Investors, the dedicated real estate group of Principal Global Investors. He is responsible for the investment analysis of real estate investment trust companies and is a member of the real estate securities portfolio management team. 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

Manager

Start Date

Tenure

Tenure Rank

Nov 22, 2013

1.19

1.2%

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.


Kelly D. Rush

Manager

Start Date

Tenure

Tenure Rank

Dec 06, 2000

14.16

14.2%

Kelly D. Rush, CFA - Head of Real Estate Securities As head of real estate 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 was responsible for analyzing and recommending investments in bonds issued of public real estate companies and mortgage loans provided to them. 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.


Tenure Analysis

Category Low

0.0

Category High

25.42

Category Average

8.59

Category Mode

13.42