Global Real Estate Securities Fund
Principal Funds, Inc
Expense ratio
Net assets1
$1.64B
Holdings1
76
Category
US Equity
Return

Investment objective & strategy

As of Feb. 27, 2026 · 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 U.S. and non-U.S. companies principally engaged in the real estate industry. For the Funds 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. 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, such as building supply manufacturers, mortgage lenders, and mortgage servicing companies. The Fund invests in equity securities regardless … 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 Funds 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. 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, such as building supply manufacturers, mortgage lenders, and mortgage servicing companies. The Fund invests in equity securities regardless of market capitalization (small, medium or large). The Fund invests in value equity securities and growth equity securities. The Fund invests a significant percentage of its portfolio in REITs and foreign REIT-like entities. REITs are pooled investment vehicles that invest in income producing real estate, real estate related loans, or other types of real estate interests. REITs in the U.S. are corporations or business trusts that are permitted to eliminate corporate-level federal income taxes by meeting certain requirements of the Internal Revenue Code. Some foreign countries have adopted REIT structures that are very similar to those in the U.S. Similarities include pass-through tax treatment and portfolio diversification. Other countries have REIT structures that are significantly different than the structure in the U.S., while some countries have not adopted a REIT-like structure at all. Under normal market conditions, the Fund holds investments tied economically to at least 3 countries and invests a percentage of its net assets in securities of foreign issuers equal to at least the lesser of 40% or the percentage foreign issuers in FTSE EPRA/NAREIT Developed Index minus 10%. The Fund concentrates its investments (invest more than 25% of its net assets) in securities in the real estate industry.

Top holdings

As of Jan. 31, 2026 · N-PORT
SecurityTickerValue% of fund
WELLTOWER INC $116.00M 7.05%
EQUINIX INC $99.61M 6.06%
PROLOGIS INC REIT $78.29M 4.76%
VENTAS INC REIT $72.19M 4.39%
GOODMAN GROUP $67.10M 4.08%
EXTRA SPACE STORAGE INC $62.30M 3.79%
AVALONBAY COMMUNITIES INC REIT $52.48M 3.19%
UNIBAIL-RODAMCO- $51.56M 3.14%
REGENCY CENTERS CORP REIT $42.21M 2.57%
MITSUBISHI ESTAT $41.09M 2.50%
View all holdings →

Allocation by sector

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

Portfolio moves

Oct 31, 2025 → Jan 31, 2026
Opened
10
Exited
7
Increased
13
Decreased
52
Unchanged
1

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 Account 59% 0.79%
Real Estate Portfolio 59% 0.79%
Real Estate Securities Fund · PRERX, PREPX, PIREX, PREJX, PRRAX, PRCEX, PFRSX 59% 0.81%
View all similar funds →

Advisers

As of October 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 January 31, 2026, from the fund's N-PORT filing.

Machine-readable: JSON · Markdown. Programmatic access via the agent surface.