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Principal Real Estate Securities R1 (PRAEX)
29.95
+0.15
+(0.50%)
At close: November 22 at 8:00:58 PM EST
Fund Summary
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 equity securities regardless of market capitalization (small, medium or large). The fund concentrates its investments (invest more than 25% of its net assets) in securities in the real estate industry. It is non-diversified.
Principal Real Estate Securities R1
Des Moines, IA 50392
711 High Street
Fund Overview
| Category | Real Estate |
| Fund Family | Principal Funds |
| Net Assets | 6.83B |
| YTD Return | 9.13% |
| Yield | 1.67% |
| Morningstar Rating | |
| Inception Date | Mar 01, 2001 |
Fund Operations
| Last Dividend | 0.38 |
| Last Cap Gain | 1.00 |
| Holdings Turnover | 16.10% |
| Average for Category | -- |
Fees & Expenses
| Expense | PRAEX | Category Average |
|---|---|---|
| Annual Report Expense Ratio (net) | 1.68% | 1.08% |
| Prospectus Net Expense Ratio | 1.68% | -- |
| Prospectus Gross Expense Ratio | 1.68% | -- |
| Max 12b1 Fee | -- | -- |
| Max Front End Sales Load | -- | 5.10% |
| Max Deferred Sales Load | -- | 1.13% |
| 3 Yr Expense Projection | 0 | -- |
| 5 Yr Expense Projection | 0 | -- |
| 10 Yr Expense Projection | 0 | -- |
Management Information
Kelly D. Rush, Lead Manager since December 06, 2000
Kelly D. Rush, CFA - CEO, Public Real Assets & CIO, Real Estate Securities As CEO Of Public Real Assets, Kelly provides executive level leadership of Principal Asset Management’s listed real assets strategies including both real estate securities and listed infrastructure. As CIO of Real Estate Securities, he is further responsible for directing the daily activities of the listed real estate securities unit. Kelly founded Principal’s listed U.S. equity real estate securities business in 1998. Under his leadership, the business expanded into managing global strategies in 2007 and the firm is widely recognized as an industry leader in managing listed real estate equity securities. In 2019, Kelly played a leading role in the firm’s launch of a listed infrastructure strategy by successfully advocating for the development of the strategy and the hiring of the lead portfolio manager. Kelly joined the firm in 1987 as a member of Principal Financial Group’s real estate investment division. As a private market investment professional, he was responsible for generating commercial mortgage loan investments. In the mid-1990s his focus shifted to structuring commercial mortgage loans for public real estate companies and analyzing bonds issued by the same. Kelly received his 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 and is a member of both the Iowa Society of Financial Analysts and the CFA Institute. Morningstar Style Box
Morningstar Category
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