About PGRSX
Principal Global Real Estate Securities Fund Class R-6 is an open-end mutual fund specializing in listed real estate securities from both U.S. and international markets. The fund’s core objective is to generate total return, primarily through investing at least 80% of its assets in equity securities of companies principally engaged in the real estate industry, such as real estate investment trusts (REITs) and developers. This approach provides diversified exposure across multiple segments, including commercial, industrial, residential, and specialized property sectors, capturing trends in global property markets.
The fund employs a “quality at the right price” investment philosophy, favoring companies with strong fundamentals trading at attractive valuations. Portfolio construction is driven by bottom-up stock selection, leveraging extensive research and insights from Principal’s global real estate teams. Notable holdings often include leading REITs such as Welltower Inc, Equinix Inc, and Prologis Inc, reflecting a focus on high-quality, income-producing assets.
Serving as a key vehicle for investors seeking broad, liquid, and professionally managed access to global real estate, the fund plays an important role in portfolio diversification by providing exposure to the unique risk-return characteristics of property markets, often with the potential for regular dividend income.
Fund Family Principal Funds
Category Global Real Estate
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PGRSX
Share Class R-6
Index FTSE EPRA Nareit Developed NR USD
PGRSX had a total return of 4.33% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.75%.
