Real Estate Securities Fund
Principal Funds, Inc · 7 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Real Estate Securities Fund is an actively managed U.S. equity fund. 30% of PRERX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 100% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
Fund profile
As filed in the prospectus · 2026 Q1
The Fund seeks to generate a total return.
The fund invests at least 80% of its net assets in equity securities of companies principally engaged in the real estate industry, including REITs, real estate-holding companies, and businesses providing real estate-related products or services such as building supplies and mortgage lending. The fund concentrates its holdings in real estate securities, investing more than 25% of assets in the sector, and is non-diversified, meaning it can hold a higher percentage of assets in individual issuers than a diversified fund, so changes in a single investment may cause greater fluctuations in share price.
| Share class | Gross | Net |
|---|---|---|
| PRERX | 1.37% | 1.37% |
| PREPX | 1.06% | 1.06% |
| PIREX | 0.90% | 0.86% |
| PREJX | 1.09% | 1.09% |
| PRRAX | 1.19% | 1.19% |
| PRCEX | 2.07% | 2.07% |
| PFRSX | 0.81% | 0.81% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 18.50% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.60% |
| Cash & short-term | 0.46% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Real Estate | 97.9% |
| Consumer Discretionary | 1.6% |
| Cash | 0.5% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| — | — | — | — | — | |
| +10.37% | +28.10% | +20.24% | 13.88% | -12.13% | |
| +10.75% | +29.35% | +22.20% | 13.88% | -12.02% | |
| — | — | — | — | — | |
| +10.98% | +30.09% | +23.37% | 13.93% | -12.02% | |
| +10.70% | +29.19% | +21.93% | 13.91% | -12.06% | |
| +10.64% | +28.81% | +21.26% | 13.91% | -12.06% | |
| +9.57% | +25.38% | +16.22% | 13.87% | -12.28% | |
| +10.97% | +30.27% | +23.66% | 13.87% | -11.97% |
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| EQIX | Equinix IncEQIX | 10.45% | $1,082.83 | $704.05M | 650.2K |
| WELL | Welltower IncWELL | 9.56% | $217.34 | $644.10M | 3.0M |
| AMT | American Tower CorpAMT | 7.86% | $182.71 | $529.75M | 2.9M |
| VTR | Ventas IncVTR | 6.97% | $87.86 | $469.40M | 5.3M |
| PLD | Prologis IncPLD | 5.99% | $142.02 | $403.93M | 2.8M |
| EXR | Extra Space Storage IncEXR | 4.40% | $143.33 | $296.81M | 2.1M |
| DLR | Digital Realty Trust IncDLR | 3.72% | $200.94 | $250.54M | 1.2M |
| AVB | AvalonBay Communities IncAVB | 3.52% | $183.00 | $237.50M | 1.3M |
| REG | Regency Centers CorpREG | 3.40% | $77.85 | $228.83M | 2.9M |
| IRM | Iron Mountain IncIRM | 3.03% | $125.99 | $204.19M | 1.6M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 58.90% of net assets, top 25 87.71%, across 43 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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