Principal Global Real Estate Securities Fund
Overview
Performance
As of 11/30/2025
YTD
9.08%
1-year
1.38%
3-year
5.22%
5-year
2.36%
10-year
3.65%
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 10/31/2025
Highlights
A real estate strategy that strives to deliver strong, risk-adjusted performance
- Track record of consistent and attractive risk-adjusted returns generated through bottom-up stock selection.
- “Quality at the right price” investment style favors above average companies trading at average or discounted valuations.
- Access to extensive Principal resources and in-house insights from all four quadrants across the real estate spectrum.
Fund details
as of
12/03/2025
unless indicated otherwise
Fund ticker
POSAX
CUSIP
74254V299
Benchmark
FTSE EPRA/NAREIT Developed NTR Index
NAV
$9.01
Total fund assets
$1.60B
Dividend frequency
Annually
Minimum investment
$1,000.00
Inception date
10/01/2007
Morningstar category
Global Real Estate
Investment approach
The investment seeks to generate a total return.
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of U.S. and non-U.S. companies principally engaged in the real estate industry. For the fund's investment policies, a real estate company has at least 50% of its assets, income or profits derived from products or services related to the real estate industry.
Performance & expenses
As of
11/30/2025
| Name | 1 month | 3 month | YTD | 1-year | 3-year | 5-year | 10-year | Since inception | Overall |
|---|---|---|---|---|---|---|---|---|---|
| Excluding sales charge | 1.90% | 0.88% | 9.08% | 1.38% | 5.22% | 2.36% | 3.65% | 2.96% | — |
| Including sales charge | -3.69% | -4.70% | 3.05% | -4.23% | 3.26% | 1.20% | 3.07% | 2.64% | — |
| Benchmark performance | — | — | — | — | — | — | — | — | — |
| Morningstar category average | — | — | — | — | — | — | — | — | — |
| Morningstar percentile rankings | — | — | — | 78 | 74 | 73 | 59 | — | — |
| # of funds in category | 151 | 151 | 151 | 151 | 148 | 145 | 123 | — | 148 |
| Morningstar rating | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Excluding sales charge | 0.55% | 2.59% | 8.72% | -2.04% | 8.20% | 3.72% | 3.94% | 2.97% | — |
| Including sales charge | -5.01% | -3.09% | 2.71% | -7.39% | 6.18% | 2.55% | 3.36% | 2.65% | — |
| Benchmark performance FTSE EPRA/NAREIT Developed NTR Index |
0.89% | 4.07% | 10.39% | -0.31% | 9.30% | 5.51% | 3.75% | — | — |
| Morningstar category average Global Real Estate |
0.82% | 3.48% | 11.78% | 0.38% | 9.63% | 5.00% | 4.25% | — | — |
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 |
|---|---|---|---|---|---|
| Excluding sales charge | 0.34% | 10.40% | -27.03% | 23.02% | -4.20% |
| Including sales charge | -5.21% | 4.34% | -31.07% | 16.25% | -9.48% |
| Morningstar category average Global Real Estate |
0.23% | 10.24% | -25.15% | 22.90% | -5.43% |
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 | 0.1989 |
| 12/27/2023 | Income | 0.2041 |
| 12/28/2022 | Income | 0.0616 |
Expense ratio gross
1.35%
Expense ratio net
1.35%
Expense limit expiration date
—
Maximum up-front sales charge
5.50%
Contingent deferred sales charge
1.00%
A maximum sales charge of 5.50% may apply for Class A shares. Performance reflects this maximum sales charge when a sales charge is indicated.
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 10/31/2025
Holdings
Top 10
as of
10/31/2025
% of Assets
% of Assets
1.
Welltower Inc
7.41%
2.
Equinix Inc
6.48%
3.
Prologis Inc
4.75%
4.
Ventas Inc
4.37%
5.
Extra Space Storage Inc
3.81%
6.
Goodman Group
3.58%
7.
AvalonBay Communities Inc
3.25%
8.
VICI Properties Inc
2.57%
9.
Mitsui Fudosan Co Ltd
2.34%
10.
Invitation Homes Inc
2.18%
Portfolio management
Simon Hedger
47 years of experience
Anthony Kenkel, CFA, FRM
28 years of experience
Kelly D. Rush, CFA
41 years of experience