About PRERX
The Principal Real Estate Securities Fund R-3 Class is a mutual fund designed to deliver total return by investing primarily in equity securities of companies that are significantly involved in the real estate industry. Its portfolio consists predominantly of real estate investment trusts (REITs), which are firms that own, operate, or finance income-producing real estate, spanning sectors such as apartments, healthcare, industrial, office, and retail properties. The fund employs a strategy focused on identifying high-quality companies trading at reasonable or discounted valuations, leveraging in-depth, bottom-up stock selection and sector allocation. This approach benefits from Principal’s extensive real estate research and resources, covering all corners of the real estate market. With a policy to concentrate at least 80% of its net assets in real estate-related securities, the fund provides investors exposure to the performance and dynamics of the U.S. real estate sector. Established in December 2000, the fund plays a significant role for investors seeking participation in real estate equity markets, providing diversification and the potential for income through its regular quarterly distributions.
Fund Family Principal Funds
Category Real Estate
Performance Rating Above Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol PRERX
Share Class R-3
Index MSCI US REIT NR
PRERX had a total return of 7.55% in the past year, including dividends. Since the fund's
inception, the average annual return has been 14.58%.
