Principal Real Estate Securities R1 (PRAEX)

24.09 -0.31  -1.27% Jun 4 USD
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Key Stats

Net Asset Value 24.09
Turnover Ratio 20.10%
1 Year Fund Level Flows 347.20M

Performance & Returns

  Total Return Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M 9.65% 11.95% 83
3M -13.14% -14.54% 40
6M -12.21% -13.57% 45
YTD -11.78% -13.99% 44
1Y -3.52% -5.84% 41
3Y 4.54% 1.89% 19
5Y 5.67% 3.99% 26
10Y 10.07% 9.24% 36
15Y 7.23% 6.22% 18
20Y -- 9.56% --
As of June 4, 2020. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 1.77% 2.25% 0.48%
Stock 98.23% 98.23% 0.00%
Bond 0.00% 0.00% 0.00%
Convertible 0.00% 0.00% 0.00%
Preferred 0.00% 0.00% 0.00%
Other 0.00% 0.00% 0.00%
As of April 30, 2020

Region Exposure

Americas 100.0%
North America 100.0%
Latin America 0.00%
Greater Europe 0.00%
United Kingdom 0.00%
Europe Developed 0.00%
Europe Emerging 0.00%
Africa/Middle East 0.00%
Greater Asia 0.00%
Japan 0.00%
Australasia 0.00%
Asia Developed 0.00%
Asia Emerging 0.00%
Market Classification
% Developed Markets 100.0%
% Emerging Markets 0.00%
As of April 30, 2020. Region breakdown data is calculated by using the long position holdings of the portfolio.

Stock Sector Exposure

Basic Materials 0.00%
Communication Services 0.00%
Consumer Cyclical 1.19%
Consumer Defensive 0.00%
Energy 0.00%
Financial Services 0.00%
Healthcare 0.00%
Industrials 0.00%
Real Estate 98.81%
Technology 0.00%
Utilities 0.00%
As of April 30, 2020

Stock Market Capitalization

Giant 0.00%
Large 33.92%
Medium 59.07%
Small 7.01%
Micro 0.00%
As of April 30, 2020

Stock Style Exposure

Large Cap Value 7.39%
Large Cap Blend 11.67%
Large Cap Growth 14.87%
Mid Cap Value 12.68%
Mid Cap Blend 32.68%
Mid Cap Growth 13.71%
Small Cap Value 3.13%
Small Cap Blend 1.36%
Small Cap Growth 2.52%
As of April 30, 2020
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
PLD Prologis Inc 10.55% 93.35 -4.08%
EQIX Equinix Inc 9.95% 667.90 +0.41%
AVB AvalonBay Communities Inc 6.15% 159.50 +0.40%
INVH Invitation Homes Inc 5.15% 28.25 +1.88%
ARE Alexandria Real Estate Equities Inc 4.68% 151.13 -2.32%
ESS Essex Property Trust Inc 4.37% 250.48 -1.02%
AMH American Homes 4 Rent Class A 3.76% 27.50 +2.96%
SUI Sun Communities Inc 3.33% 138.85 -2.68%
AMT American Tower Corp 3.30% 253.50 -2.39%
WELL Welltower Inc 3.15% 61.80 +5.26%
As of April 30, 2020
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Basic Info

Investment Strategy
The investment seeks to generate a total return. Under normal circumstances, the fund 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 purchase. It invests in value equity securities, an investment strategy that emphasizes buying securities that appear to be undervalued. The fund concentrates its investments (invest more than 25% of its net assets) in securities in the real estate industry. It is non-diversified.
General
Security Type Mutual Fund
Oldest Share Symbol PREPX
Equity Style Mid Cap/Blend
Fixed Income Style --
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Real Estate
Prospectus Objective Specialty - Real Estate
Fund Owner Firm Name Principal Funds
Benchmark Index
MSCI US REIT GR USD 100.0%
Reports
One Page Report Download

Manager Info

Name Tenure
Anthony Kenkel 7.88 yrs
Keith Bokota 6.44 yrs
Kelly Rush 19.41 yrs

Share Classes

Symbol Share Class
PFRSX Retirement
PIREX Inst
PRCEX C
PREJX Other
PRENX Retirement
PREPX Retirement
PRERX Retirement
PRETX Retirement
PRRAX A

Net Fund Flows

1M 17.31M
3M -5.450M
6M 147.06M
YTD 114.69M
1Y 347.20M
3Y 404.84M
5Y 1.454B
10Y 943.39M
As of May 31, 2020

Risk Info

Beta (5Y) 0.7679
Historical Sharpe Ratio (10Y) 0.5561
Historical Sortino (All) 0.5216
Daily Value at Risk (VaR) 1% (All) 5.98%
Monthly Value at Risk (VaR) 1% (All) 24.34%

Fundamentals

Dividend Yield TTM (6-4-20) 1.57%
30-Day SEC Yield (4-30-20) 1.27%
7-Day SEC Yield (5-29-20) 0.00%
Weighted Average PE Ratio 32.00
Weighted Average Price to Sales Ratio 7.632
Weighted Average Price to Book Ratio 2.191
Weighted Median ROE 9.50%
Weighted Median ROA 3.21%
Forecasted Dividend Yield 3.86%
Forecasted PE Ratio 46.64
Forecasted Price to Sales Ratio 7.472
Forecasted Price to Book Ratio 2.081
Number of Holdings 46
As of April 30, 2020

Growth Estimates

Forecasted 5 Yr Earnings Growth 5.39%
Forecasted Book Value Growth 3.82%
Forecasted Cash Flow Growth 7.02%
Forecasted Earnings Growth -1.08%
Forecasted Revenue Growth 2.79%
As of April 30, 2020

Comparables

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Attributes

Purchase Details
Open to New Investors No
Open to Existing Investors Yes
Minimum Initial Investment 0.00 USD
Minimum Subsequent Investment 0.00 USD
Fees
Actual 12B-1 Fee 0.35%
Actual Management Fee 0.80%
Administration Fee 0.28%
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
Key Dates
Inception Date 11/1/2004
Termination Date
Last Annual Report Date 10/31/2019
Last Prospectus Date 3/1/2020
Attributes
Exchange Traded Share No
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
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