Principal Real Estate Income Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
9.6%
1 yr return
17.6%
3 Yr Avg Return
-12.7%
5 Yr Avg Return
-11.9%
Net Assets
$107 M
Holdings in Top 10
40.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.61%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 37.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XPGZX - Profile
Distributions
- YTD Total Return 9.6%
- 3 Yr Annualized Total Return -12.7%
- 5 Yr Annualized Total Return -11.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 5.25%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePrincipal Real Estate Income Fund
-
Fund Family NamePrincipal Funds
-
Inception DateJun 25, 2013
-
Shares Outstanding6812922
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMarc Peterson
Fund Description
XPGZX - Performance
Return Ranking - Trailing
Period | XPGZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.6% | -6.6% | 21.5% | 65.45% |
1 Yr | 17.6% | -9.2% | 42.4% | 87.40% |
3 Yr | -12.7%* | -12.7% | 5.3% | 100.00% |
5 Yr | -11.9%* | -11.9% | 15.3% | 100.00% |
10 Yr | -1.9%* | -2.1% | 14.3% | 99.38% |
* Annualized
Return Ranking - Calendar
Period | XPGZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -13.7% | -16.2% | 24.6% | 97.96% |
2022 | -30.2% | -51.3% | 2.5% | 42.21% |
2021 | 19.8% | -7.7% | 52.3% | 79.84% |
2020 | -33.0% | -42.2% | 35.0% | 97.83% |
2019 | 17.1% | 0.0% | 43.1% | 57.40% |
Total Return Ranking - Trailing
Period | XPGZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.6% | -6.6% | 21.5% | 65.45% |
1 Yr | 17.6% | -9.2% | 42.4% | 87.40% |
3 Yr | -12.7%* | -12.7% | 5.3% | 100.00% |
5 Yr | -11.9%* | -11.9% | 15.3% | 100.00% |
10 Yr | -1.9%* | -2.1% | 14.3% | 99.38% |
* Annualized
Total Return Ranking - Calendar
Period | XPGZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -13.7% | -13.7% | 25.0% | 100.00% |
2022 | -30.2% | -40.7% | 7.8% | 94.26% |
2021 | 19.8% | 7.8% | 54.6% | 90.53% |
2020 | -33.0% | -36.6% | 44.3% | 99.57% |
2019 | 20.8% | 4.1% | 46.4% | 87.89% |
NAV & Total Return History
XPGZX - Holdings
Concentration Analysis
XPGZX | Category Low | Category High | XPGZX % Rank | |
---|---|---|---|---|
Net Assets | 107 M | 1.39 M | 61.4 B | 78.24% |
Number of Holdings | 151 | 22 | 519 | 9.76% |
Net Assets in Top 10 | 44.6 M | 1.29 M | 32.8 B | 80.89% |
Weighting of Top 10 | 40.21% | 13.2% | 90.0% | 91.06% |
Top 10 Holdings
- JPMBB Commercial Mortgage Securities Trust 2014-C21 3.9% 8.66%
- GS MORTGAGE SECURITIES CORP 3.58% 4.94%
- Bank 2017-Bnk5 206 4.26% 4.91%
- Commercial Mortgage Trust 4.22% 4.83%
- CFCRE Commercial Mortgage Trust 3.05% 4.78%
- WELLS FARGO COMMERCIAL MORTGAGE TRUST 2.84% 4.66%
- GS MORTGAGE SECURITIES TRUST 5.16% 4.54%
- COMM 2019 MORTGAGE TRUST 2.95% 4.48%
- COMM 2012-CCRE1 Mortgage Trust 5.45% 4.39%
- Wf-Rbs Com Mg Tst 3.99% 4.17%
Asset Allocation
Weighting | Return Low | Return High | XPGZX % Rank | |
---|---|---|---|---|
Bonds | 90.38% | 0.00% | 155.83% | 3.25% |
Stocks | 50.38% | 0.00% | 105.52% | 84.15% |
Preferred Stocks | 0.94% | 0.00% | 31.13% | 15.45% |
Other | 0.80% | -89.90% | 104.09% | 20.33% |
Convertible Bonds | 0.00% | 0.00% | 10.95% | 99.18% |
Cash | -42.50% | -42.50% | 24.34% | 100.00% |
Stock Sector Breakdown
Weighting | Return Low | Return High | XPGZX % Rank | |
---|---|---|---|---|
Real Estate | 97.68% | 34.46% | 100.00% | 76.50% |
Financial Services | 1.25% | 0.00% | 37.05% | 9.83% |
Consumer Cyclical | 1.07% | 0.00% | 45.29% | 21.79% |
Utilities | 0.00% | 0.00% | 3.55% | 99.15% |
Technology | 0.00% | 0.00% | 12.02% | 99.15% |
Industrials | 0.00% | 0.00% | 7.39% | 99.15% |
Healthcare | 0.00% | 0.00% | 0.53% | 99.15% |
Energy | 0.00% | 0.00% | 33.11% | 99.15% |
Communication Services | 0.00% | 0.00% | 11.61% | 99.15% |
Consumer Defense | 0.00% | 0.00% | 0.93% | 99.15% |
Basic Materials | 0.00% | 0.00% | 13.69% | 99.15% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | XPGZX % Rank | |
---|---|---|---|---|
US | 28.74% | 0.00% | 105.52% | 88.62% |
Non US | 21.64% | 0.00% | 37.90% | 2.03% |
Bond Sector Breakdown
Weighting | Return Low | Return High | XPGZX % Rank | |
---|---|---|---|---|
Securitized | 96.61% | 0.00% | 96.61% | 0.42% |
Corporate | 2.80% | 0.00% | 99.81% | 19.07% |
Derivative | 0.35% | -0.02% | 2.62% | 4.53% |
Cash & Equivalents | 0.24% | 0.00% | 100.00% | 78.19% |
Municipal | 0.00% | 0.00% | 3.24% | 99.15% |
Government | 0.00% | 0.00% | 69.19% | 99.15% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | XPGZX % Rank | |
---|---|---|---|---|
US | 90.38% | 0.00% | 140.02% | 3.25% |
Non US | 0.00% | 0.00% | 15.81% | 99.19% |
XPGZX - Expenses
Operational Fees
XPGZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.61% | 0.07% | 8.91% | 10.29% |
Management Fee | 1.05% | 0.00% | 1.50% | 86.99% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
XPGZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
XPGZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
XPGZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 37.00% | 0.11% | 380.00% | 45.37% |
XPGZX - Distributions
Dividend Yield Analysis
XPGZX | Category Low | Category High | XPGZX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 13.03% | 99.59% |
Dividend Distribution Analysis
XPGZX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
XPGZX | Category Low | Category High | XPGZX % Rank | |
---|---|---|---|---|
Net Income Ratio | 5.25% | -1.14% | 6.05% | 2.47% |
Capital Gain Distribution Analysis
XPGZX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 13, 2019 | $0.110 | OrdinaryDividend |
May 16, 2019 | $0.110 | OrdinaryDividend |
Apr 17, 2019 | $0.110 | OrdinaryDividend |
Mar 14, 2019 | $0.110 | OrdinaryDividend |
Feb 14, 2019 | $0.110 | OrdinaryDividend |
Jan 17, 2019 | $0.110 | OrdinaryDividend |
Dec 17, 2018 | $0.110 | OrdinaryDividend |
Nov 15, 2018 | $0.110 | OrdinaryDividend |
Oct 16, 2018 | $0.110 | OrdinaryDividend |
Sep 13, 2018 | $0.110 | OrdinaryDividend |
Aug 16, 2018 | $0.110 | OrdinaryDividend |
Jul 16, 2018 | $0.110 | OrdinaryDividend |
Jun 18, 2018 | $0.110 | OrdinaryDividend |
May 21, 2018 | $0.110 | OrdinaryDividend |
Apr 12, 2018 | $0.110 | OrdinaryDividend |
Mar 15, 2018 | $0.110 | OrdinaryDividend |
Feb 15, 2018 | $0.110 | OrdinaryDividend |
Jan 11, 2018 | $0.110 | OrdinaryDividend |
Dec 14, 2017 | $0.110 | OrdinaryDividend |
Nov 16, 2017 | $0.110 | OrdinaryDividend |
Oct 12, 2017 | $0.110 | OrdinaryDividend |
Sep 14, 2017 | $0.145 | OrdinaryDividend |
Aug 10, 2017 | $0.145 | OrdinaryDividend |
Jul 13, 2017 | $0.145 | OrdinaryDividend |
Jun 15, 2017 | $0.145 | OrdinaryDividend |
May 18, 2017 | $0.145 | OrdinaryDividend |
Apr 12, 2017 | $0.145 | OrdinaryDividend |
Mar 16, 2017 | $0.145 | OrdinaryDividend |
Feb 16, 2017 | $0.145 | OrdinaryDividend |
Jan 12, 2017 | $0.145 | OrdinaryDividend |
Dec 15, 2016 | $0.145 | OrdinaryDividend |
Nov 17, 2016 | $0.145 | OrdinaryDividend |
Oct 13, 2016 | $0.145 | OrdinaryDividend |
Sep 15, 2016 | $0.145 | OrdinaryDividend |
Aug 11, 2016 | $0.145 | OrdinaryDividend |
Jul 14, 2016 | $0.145 | OrdinaryDividend |
Jun 16, 2016 | $0.145 | OrdinaryDividend |
May 12, 2016 | $0.145 | OrdinaryDividend |
Apr 14, 2016 | $0.145 | OrdinaryDividend |
Mar 17, 2016 | $0.145 | OrdinaryDividend |
Feb 11, 2016 | $0.145 | OrdinaryDividend |
Jan 14, 2016 | $0.145 | OrdinaryDividend |
Dec 17, 2015 | $0.145 | OrdinaryDividend |
Nov 12, 2015 | $0.145 | OrdinaryDividend |
Oct 15, 2015 | $0.145 | OrdinaryDividend |
Sep 10, 2015 | $0.145 | OrdinaryDividend |
Aug 13, 2015 | $0.145 | OrdinaryDividend |
Jul 16, 2015 | $0.145 | OrdinaryDividend |
Jun 11, 2015 | $0.145 | OrdinaryDividend |
May 14, 2015 | $0.145 | OrdinaryDividend |
Apr 09, 2015 | $0.145 | OrdinaryDividend |
Mar 12, 2015 | $0.145 | OrdinaryDividend |
Feb 12, 2015 | $0.145 | OrdinaryDividend |
Jan 15, 2015 | $0.140 | OrdinaryDividend |
Dec 11, 2014 | $0.140 | OrdinaryDividend |
Nov 13, 2014 | $0.140 | OrdinaryDividend |
Oct 16, 2014 | $0.140 | OrdinaryDividend |
Sep 11, 2014 | $0.140 | OrdinaryDividend |
Aug 14, 2014 | $0.140 | OrdinaryDividend |
Jul 17, 2014 | $0.140 | OrdinaryDividend |
Jun 12, 2014 | $0.140 | OrdinaryDividend |
May 15, 2014 | $0.140 | OrdinaryDividend |
Apr 10, 2014 | $0.140 | OrdinaryDividend |
Mar 13, 2014 | $0.140 | OrdinaryDividend |
Feb 13, 2014 | $0.140 | OrdinaryDividend |
Jan 16, 2014 | $0.135 | OrdinaryDividend |
Dec 12, 2013 | $0.135 | OrdinaryDividend |
Nov 14, 2013 | $0.135 | OrdinaryDividend |
Oct 17, 2013 | $0.135 | OrdinaryDividend |
Sep 12, 2013 | $0.135 | OrdinaryDividend |
Aug 15, 2013 | $0.135 | OrdinaryDividend |
XPGZX - Fund Manager Analysis
Managers
Marc Peterson
Start Date
Tenure
Tenure Rank
Jun 26, 2013
8.93
8.9%
Marc is a managing director, portfolio management, for Principal Global Investors. He is responsible for managing the commercial mortgage-backed securities (CMBS) within the multi-sector fixed income portfolios. Marc joined the firm in 1992. Previously, he was an accountant for The Principal Financial Group. He received an MBA from Drake University and a bachelor's degree in accounting from Luther College. Marc has earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Society of Iowa. He is also a member of the Commercial Mortgage Securities Association.
Kelly Rush
Start Date
Tenure
Tenure Rank
Jun 26, 2013
8.93
8.9%
As head of global property 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 participated in structuring commercial mortgage loans for public real estate companies and the analysis of real estate investment trust issued bonds. 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. Kelly is an active supporter of the Toigo Foundation and is currently serving as a mentor to a 2007 Toigo Fellow. Kelly’s prior speaking engagements include the Institutional Investor Endowments & Foundations Roundtable, the NAREIT Institutional Investor Forum, the National Conference of Public Employee Retirement Systems (NCPERS), and the International Council of Shopping Centers (ICSC) Law Conference.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 28.42 | 8.3 | 2.68 |