Principal Global Real Estate Securities Fund Institutional Class (POSIX)
| Fund Assets | 1.61B |
| Expense Ratio | 0.94% |
| Min. Investment | $0.00 |
| Turnover | 27.50% |
| Dividend (ttm) | 0.23 |
| Dividend Yield | 2.42% |
| Dividend Growth | -4.10% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 27, 2024 |
| Previous Close | 9.67 |
| YTD Return | 6.69% |
| 1-Year Return | 3.85% |
| 5-Year Return | 16.86% |
| 52-Week Low | 8.37 |
| 52-Week High | 10.47 |
| Beta (5Y) | n/a |
| Holdings | 70 |
| Inception Date | Oct 1, 2007 |
About POSIX
Principal Global Real Estate Securities Fund Institutional Class is a mutual fund that aims to provide total return by investing predominantly in the equity securities of real estate companies across the globe. The fund allocates at least 80% of its net assets, plus any borrowings for investment purposes, to companies primarily engaged in the real estate industry, including both U.S. and non-U.S. firms. These companies may derive significant revenues or assets from real estate operations, encompassing real estate investment trusts (REITs) and real estate operating companies. This fund employs a bottom-up stock selection process, emphasizing a "quality at the right price" approach that seeks above-average companies trading at reasonable or discounted valuations. It benefits from Principal’s extensive research capabilities and insights spanning all four quadrants of the real estate spectrum. The fund is categorized under Global Real Estate by Morningstar, reflecting its broad and diversified exposure to property sectors worldwide. With a track record of seeking strong, risk-adjusted returns, the fund is managed by an experienced team and offers exposure to a variety of property types and geographical regions.
Performance
POSIX had a total return of 3.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.45%.
Top 10 Holdings
40.03% of assets| Name | Symbol | Weight |
|---|---|---|
| Welltower Inc. | WELL | 6.59% |
| Equinix, Inc. | EQIX | 5.77% |
| Prologis, Inc. | PLD | 4.21% |
| Ventas, Inc. | VTR | 3.92% |
| Goodman Group | GMG | 3.91% |
| Extra Space Storage Inc. | EXR | 3.68% |
| AvalonBay Communities, Inc. | AVB | 3.56% |
| VICI Properties Inc. | VICI | 2.96% |
| Klépierre SA | LI | 2.75% |
| Invitation Homes Inc. | INVH | 2.69% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.2341 | Dec 27, 2024 |
| Dec 27, 2023 | $0.2441 | Dec 27, 2023 |
| Dec 28, 2022 | $0.0961 | Dec 28, 2022 |
| Dec 29, 2021 | $0.2444 | Dec 29, 2021 |
| Dec 20, 2021 | $0.0407 | Dec 20, 2021 |
| Dec 29, 2020 | $0.0786 | Dec 29, 2020 |