Real Estate Securities Account
Principal Variable Contract Funds, Inc
Expense ratio
Net assets1
$261.64M
Holdings1
40
Category
US Equity
Return

Investment objective & strategy

As of April 25, 2025 · prospectus

Objective. The Fund seeks to generate a total return.

Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies principally engaged in the real estate industry. 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. Real estate companies include real estate investment trusts (REITs) and companies with substantial real estate holdings such as paper, lumber, hotel, and entertainment companies, as well as those whose products and services relate to the real estate industry, including building supply manufacturers, mortgage lenders, and mortgage servicing companies. REITs are pooled investment vehicles that invest in income-producing real estate, real estate-related loans, or other … Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies principally engaged in the real estate industry. 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. Real estate companies include real estate investment trusts (REITs) and companies with substantial real estate holdings such as paper, lumber, hotel, and entertainment companies, as well as those whose products and services relate to the real estate industry, including building supply manufacturers, mortgage lenders, and mortgage servicing companies. REITs are pooled investment vehicles that invest in income-producing real estate, real estate-related loans, or other types of real estate interests. REITs are corporations or business trusts that are permitted to eliminate corporate level federal income taxes by meeting certain requirements of the Internal Revenue Code. The Fund invests in equity securities regardless of market capitalization (small, medium, or large). The Fund invests in growth and value equity securities. The Fund concentrates its investments (invest more than 25% of its net assets) in securities in the real estate industry. The Fund is considered non-diversified, which means it can invest a higher percentage of assets in securities of individual issuers than a diversified fund. As a result, changes in the value of a single investment could cause greater fluctuations in the Funds share price than would occur in a more diversified fund.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
EQUINIX INC $27.02M 10.33%
WELLTOWER INC $24.82M 9.49%
AMERICAN TOWER CORP $21.01M 8.03%
VENTAS INC REIT $18.35M 7.01%
PROLOGIS INC REIT $15.93M 6.09%
EXTRA SPACE STORAGE INC $11.74M 4.49%
AVALONBAY COMMUNITIES INC REIT $10.99M 4.20%
REGENCY CENTERS CORP REIT $10.62M 4.06%
DIGITAL REALTY TRUST INC $9.53M 3.64%
IRON MOUNTAIN INC $7.03M 2.69%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
3
Exited
1
Increased
22
Decreased
13
Unchanged
2

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
Real Estate Securities Fund · PRERX, PREPX, PIREX, PREJX, PRRAX, PRCEX, PFRSX 94% 0.81%
Real Estate Portfolio 89% 0.79%
Neuberger Berman Real Estate Fund · NBRIX, NBRFX, NREAX, NRECX, NRERX, NRREX, NREEX 68% 0.08%
View all similar funds →

Advisers

As of December 31, 2025 · N-CEN
FirmRole
Principal Global Investors, LLC Adviser
Principal Real Estate Investors LLC Sub-adviser

Footnotes

  1. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.

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