Principal Global Listed Infrastructure Fund
Overview
Performance
As of 11/30/2025
YTD
18.76%
1-year
12.44%
3-year
8.86%
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Overall Morningstar Rating™
As of 11/30/2025
Fund details
as of
12/16/2025
unless indicated otherwise
Fund ticker
PGSLX
CUSIP
74256W121
Benchmark
FTSE Global Core Infrastructure 50/50 NTR Index
NAV
$11.94
Total fund assets
$128.87M
Dividend frequency
Annually
Minimum investment
—
Inception date
09/22/2022
Morningstar category
Infrastructure
Investment approach
The investment seeks total return.
The fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in securities issued by listed infrastructure companies. It invests primarily in equity securities regardless of market capitalization (small, medium, or large) and invests in both value and growth securities. The fund also invests in REITs but only those REITs that are engaged in the development, operation, or management of infrastructure assets.
Performance & expenses
As of
11/30/2025
| Name | 1 month | 3 month | YTD | 1-year | 3-year | 5-year | 10-year | Since inception | Overall |
|---|---|---|---|---|---|---|---|---|---|
| Total return | 2.76% | 5.86% | 18.76% | 12.44% | 8.86% | — | — | 11.60% | — |
| Benchmark performance FTSE Global Core Infrastructure 50/50 NTR Index |
3.32% | 4.56% | 16.36% | 9.56% | 8.40% | — | — | — | — |
| Morningstar category average Infrastructure |
1.85% | 5.44% | 21.95% | 14.04% | 10.60% | — | — | — | — |
| Morningstar percentile rankings | — | — | — | 55 | 64 | — | — | — | — |
| # of funds in category | 93 | 92 | 89 | 89 | 83 | — | — | — | 83 |
| Morningstar rating | — | — | — | — | — | — | — |
30-Day SEC yield
Unsubsidized as of
11/30/2025
2.29%
30-Day SEC yield
Subsidized as of
11/30/2025
2.45%
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Returns shown for periods of less than one year are not annualized.
Index performance information: no deductions for fees, expenses or taxes. Indices are unmanaged and individuals cannot invest directly in an index.
| Name | 1 month | 3 month | YTD | 1-year | 3-year | 5-year | 10-year | Since inception | Overall |
|---|---|---|---|---|---|---|---|---|---|
| Total return | 2.67% | 2.67% | 15.18% | 6.66% | 13.27% | — | — | 11.15% | — |
| Benchmark performance FTSE Global Core Infrastructure 50/50 NTR Index |
1.95% | 3.80% | 13.46% | 6.94% | 11.45% | 8.53% | 7.68% | — | — |
| Morningstar category average Infrastructure |
2.74% | 4.57% | 18.94% | 11.95% | 14.47% | 10.47% | 8.39% | — | — |
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Returns shown for periods of less than one year are not annualized.
Index performance information: no deductions for fees, expenses or taxes. Indices are unmanaged and individuals cannot invest directly in an index.
| Data | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total return | 6.04% | 4.83% | — | — | — |
| Morningstar category average Infrastructure |
6.73% | 4.88% | -8.59% | — | — |
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
| Date | Type | Dollar per share |
|---|---|---|
| 12/27/2024 | Income | 0.2730 |
| 12/19/2024 | Short Term Capital Gain | 0.0506 |
| 12/19/2024 | Long Term Capital Gain | 0.2861 |
| 12/27/2023 | Income | 0.2881 |
| 12/20/2023 | Short Term Capital Gain | 0.4976 |
| 12/20/2023 | Long Term Capital Gain | 0.0087 |
| 12/28/2022 | Income | 0.0821 |
| 12/20/2022 | Short Term Capital Gain | 0.0465 |
Expense ratio gross
1.26%
Expense ratio net
0.89%
Expense limit expiration date
12/30/2025
Maximum up-front sales charge
—
Contingent deferred sales charge
—
In situations where the net and gross fund expense figures are different, the investment manager has contractually agreed to limit the investment option's expense. Differences may also be shown due to the investment manager choosing to pay certain expenses that would normally be payable by the fund. The gross fund expense figure does not reflect any waivers or caps on the mutual fund. Performance shown reflects the application of net expenses of the fund.
Ratings
Morningstar ratings
as of 11/30/2025
Holdings
Top 10
as of
11/30/2025
% of Assets
% of Assets
1.
NextEra Energy Inc
7.41%
2.
Williams Cos Inc/The
4.95%
3.
Entergy Corp
4.30%
4.
National Grid PLC
4.23%
5.
Sempra
4.09%
6.
CSX Corp
4.09%
7.
American Tower Corp
3.75%
8.
CMS Energy Corp
3.63%
9.
Crown Castle Inc
3.39%
10.
Xcel Energy Inc
3.39%
Portfolio management
Emily Foshag, CFA
15 years of experience
Alex Mottershead, CFA
30 years of experience