About PIREX
Principal Real Estate Securities Fund Institutional Class is a mutual fund focused on generating total return through investments in companies primarily engaged in the real estate industry. The fund maintains a concentrated portfolio, typically investing more than 25% of its net assets in real estate securities, and is classified as non-diversified. Its strategy mandates investing at least 80% of net assets in equity securities of real estate companies, without regard to market capitalization, accessing opportunities across small, mid, and large-cap firms.
The fund's portfolio emphasizes a bottom-up stock selection process, targeting quality real estate companies trading at attractive or discounted valuations. Major holdings often include sectors such as healthcare real estate, towers, data centers, industrial, and residential real estate. The fund is managed by an experienced team leveraging Principal's in-depth research capabilities across the full spectrum of real estate investments.
Noted for its consistent, risk-adjusted performance and strong long-term results, the fund plays a significant role for institutions and investors seeking exposure to real estate markets through listed equities. Income is distributed on a quarterly basis, making it a notable option for those with an interest in real estate income streams and sector-specific diversification within the broader financial market.
Fund Family Principal Funds
Category Real Estate
Performance Rating Above Average
Risk Rating Low
Stock Exchange Nasdaq
Ticker Symbol PIREX
Share Class Institutional Class
Index MSCI US REIT NR
PIREX had a total return of 7.95% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.35%.
