Principal Real Estate Securities B
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
34.3%
3 Yr Avg Return
15.8%
5 Yr Avg Return
18.4%
Net Assets
$2.49 B
Holdings in Top 10
49.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.20%
SALES FEES
Front Load N/A
Deferred Load 5.00%
TRADING FEES
Turnover 11.10%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PRLEX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return 14.8%
- 5 Yr Annualized Total Return 18.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.04%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NamePrincipal Real Estate Securities Fund
-
Fund Family NamePrincipal Funds
-
Inception DateJun 28, 2005
-
Shares OutstandingN/A
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAnthony Kenkel
Fund Description
PRLEX - Performance
Return Ranking - Trailing
Period | PRLEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | 0.0% | 25.4% | N/A |
1 Yr | 34.3% | -31.6% | 15.7% | N/A |
3 Yr | 15.8%* | -17.8% | 5.4% | N/A |
5 Yr | 18.4%* | -10.6% | 20.9% | N/A |
10 Yr | 9.8%* | 3.0% | 17.6% | N/A |
* Annualized
Return Ranking - Calendar
Period | PRLEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -44.0% | -3.2% | N/A |
2022 | N/A | -16.4% | 25.4% | N/A |
2021 | N/A | -17.0% | 8.6% | N/A |
2020 | N/A | -18.1% | 2.4% | N/A |
2019 | N/A | -3.3% | 115.9% | N/A |
Total Return Ranking - Trailing
Period | PRLEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | 0.0% | 25.4% | N/A |
1 Yr | 29.3% | -30.6% | 17.0% | N/A |
3 Yr | 14.8%* | -17.4% | 8.5% | N/A |
5 Yr | 18.2%* | -10.2% | 20.9% | N/A |
10 Yr | 9.8%* | 3.0% | 17.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PRLEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -43.3% | -1.9% | N/A |
2022 | N/A | -13.6% | 32.7% | N/A |
2021 | N/A | -12.3% | 10.2% | N/A |
2020 | N/A | -15.2% | 7.6% | N/A |
2019 | N/A | -3.3% | 115.9% | N/A |
PRLEX - Holdings
Concentration Analysis
PRLEX | Category Low | Category High | PRLEX % Rank | |
---|---|---|---|---|
Net Assets | 2.49 B | 10.8 M | 64.2 B | N/A |
Number of Holdings | 42 | 21 | 684 | N/A |
Net Assets in Top 10 | 1.24 B | 3.47 M | 26.8 B | N/A |
Weighting of Top 10 | 49.65% | 11.4% | 153.5% | N/A |
Top 10 Holdings
- Simon Property Group Inc 11.46%
- Ventas Inc 5.01%
- Essex Property Trust Inc 4.86%
- Health Care REIT, Inc. 4.33%
- Boston Properties Inc 4.20%
- SL Green Realty Corp 4.19%
- Prologis Inc 4.16%
- General Growth Properties Inc 3.94%
- Host Hotels & Resorts Inc 3.75%
- Public Storage 3.74%
Asset Allocation
Weighting | Return Low | Return High | PRLEX % Rank | |
---|---|---|---|---|
Stocks | 98.09% | 15.22% | 100.19% | N/A |
Cash | 1.91% | -108.27% | 18.56% | N/A |
Preferred Stocks | 0.00% | 0.00% | 53.32% | N/A |
Other | 0.00% | -0.61% | 1.05% | N/A |
Convertible Bonds | 0.00% | 0.00% | 6.10% | N/A |
Bonds | 0.00% | 0.00% | 108.20% | N/A |
Stock Sector Breakdown
Weighting | Return Low | Return High | PRLEX % Rank | |
---|---|---|---|---|
Real Estate | 97.03% | 13.33% | 100.00% | N/A |
Healthcare | 1.06% | 0.00% | 4.37% | N/A |
Utilities | 0.00% | 0.00% | 0.01% | N/A |
Technology | 0.00% | 0.00% | 9.65% | N/A |
Industrials | 0.00% | -0.04% | 7.88% | N/A |
Financial Services | 0.00% | 0.00% | 13.79% | N/A |
Energy | 0.00% | 0.00% | 5.47% | N/A |
Communication Services | 0.00% | 0.00% | 10.54% | N/A |
Consumer Defense | 0.00% | 0.00% | 0.23% | N/A |
Consumer Cyclical | 0.00% | -0.45% | 30.36% | N/A |
Basic Materials | 0.00% | -0.10% | 11.72% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PRLEX % Rank | |
---|---|---|---|---|
US | 98.09% | 15.22% | 100.00% | N/A |
Non US | 0.00% | 0.00% | 46.93% | N/A |
PRLEX - Expenses
Operational Fees
PRLEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.20% | 0.00% | 29.08% | N/A |
Management Fee | 0.83% | 0.00% | 1.20% | N/A |
12b-1 Fee | 1.00% | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.47% | N/A |
Sales Fees
PRLEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | 5.00% | 1.00% | 5.00% | N/A |
Trading Fees
PRLEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.75% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PRLEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 11.10% | 3.00% | 877.00% | N/A |
PRLEX - Distributions
Dividend Yield Analysis
PRLEX | Category Low | Category High | PRLEX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 0.05% | N/A |
Dividend Distribution Analysis
PRLEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
PRLEX | Category Low | Category High | PRLEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.04% | -0.10% | 5.36% | N/A |
Capital Gain Distribution Analysis
PRLEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 29, 2014 | $0.023 | |
Sep 30, 2014 | $0.006 | |
Jun 30, 2014 | $0.007 | |
Mar 31, 2014 | $0.011 | |
Dec 27, 2013 | $0.083 | |
Jun 28, 2013 | $0.001 | |
Mar 28, 2013 | $0.004 | |
Dec 27, 2012 | $0.002 | |
Dec 31, 2010 | $0.049 | |
Sep 30, 2010 | $0.009 | |
Jun 30, 2010 | $0.016 | |
Mar 31, 2010 | $0.052 | |
Dec 31, 2009 | $0.045 | |
Sep 30, 2009 | $0.019 | |
Jun 30, 2009 | $0.034 | |
Mar 31, 2009 | $0.079 | |
Dec 31, 2008 | $0.071 | |
Sep 30, 2008 | $0.038 | |
Jun 30, 2008 | $0.039 | |
Mar 31, 2008 | $0.052 | |
Dec 31, 2007 | $0.040 | |
Dec 29, 2006 | $0.043 | |
Sep 29, 2006 | $0.004 | |
Sep 30, 2005 | $0.031 | |
Jun 29, 2005 | $0.031 |
PRLEX - Fund Manager Analysis
Managers
Anthony Kenkel
Start Date
Tenure
Tenure Rank
Jun 15, 2012
2.63
2.6%
Anthony Kenkel, CFA, FRM - Portfolio Manager Anthony is a portfolio manager for Principal Real Estate Investors, the dedicated real estate group of Principal Global Investors. He is responsible for the investment analysis of real estate investment trust companies and is a member of the real estate securities portfolio management team. Anthony joined Principal in 1997. In 2000, he became a real estate consultant for Arthur Andersen before joining GATX Corporation as a senior financial analyst in 2002. Anthony rejoined Principal in 2005 in his current position. He received a bachelor's degree in finance from Drake University and an MBA from the University of Chicago Graduate School of Business. Anthony has earned the right to use the Chartered Financial Analyst and Financial Risk Manager designations.
Keith Bokota
Start Date
Tenure
Tenure Rank
Nov 22, 2013
1.19
1.2%
Keith is an associate director of real estate securities portfolio management for Principal Real Estate Investors Real Estate, the dedicated real estate group of Principal Global Investors. He is responsible for analyzing real estate investment trusts and is a member of the real estate securities portfolio management team. Keith joined the firm in 2007 as an analyst and moved to his current position in 2013. Before joining Principal Real Estate Investors, Keith worked as an analyst for Jones Lang LaSalle. Keith received his bachelor’s degree in finance and international business from Georgetown University and has earned the right to use the Chartered Financial Analyst designation.
Kelly D. Rush
Start Date
Tenure
Tenure Rank
Dec 06, 2000
14.16
14.2%
Kelly D. Rush, CFA - Head of Real Estate Securities As head of real estate securities, Kelly directs the domestic and global real estate investment trust (REIT) activity for Principal Real Estate Investors, the dedicated real estate group of Principal Global Investors. He has experience in both separate account and pooled fund management, and has been managing real estate stock portfolios since 1997. Previously, Kelly was responsible for analyzing and recommending investments in bonds issued of public real estate companies and mortgage loans provided to them. He has been with the real estate investment area of the firm since 1987. Kelly received an 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. Kelly is a member of the Iowa Society of Financial Analysts and the CFA Institute.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 25.5 | 8.67 | 13.5 |