Principal Fds, Inc. Global Real Estate Securities Fd Cl A
POSAX
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USD
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Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- Des Moines, IA 50392 Des Moines IA United States of America 50392
- IPO Date
- Oct 2, 2007
- CIK
- 0000898745
- Website
- principalam.com
- Similar Companies
- Business
- Principal Funds, Inc. Global Real Estate Securities Fund Class A (POSAX) is an open-end mutual fund that seeks total return through investment primarily in equity securities of U.S. and non-U.S. companies principally engaged in the real estate industry, with at least 80% of its net assets, plus any borrowings for investment purposes, allocated to such securities where real estate-related activities constitute at least 50% of the company's assets, income, or profits; the fund employs a bottom-up stock selection approach emphasizing "quality at the right price" companies trading at average or discounted valuations, leveraging Principal's in-house real estate insights across equity, debt, and property sectors. It offers Class A shares with a 5.50% front-end sales charge, a net expense ratio of 1.35%, and a minimum initial investment of $1,000, alongside annual dividend distributions and a portfolio benchmarked against the FTSE EPRA/NAREIT Developed NTR Index, with top holdings including Welltower Inc., Equinix Inc., and Prologis Inc. as of late 2025. The fund, which commenced operations on October 1, 2007, operates within Principal Funds, Inc., a Maryland corporation originally organized in 1993 as Principal Special Markets Fund, Inc., renamed Principal Investors Fund, Inc. in 2000, and adopting its current name in 2008; it is managed by Principal Global Investors, part of the Principal Financial Group founded in 1879 and headquartered in Des Moines, Iowa. Principal Funds, Inc. provides a range of mutual funds across equity, fixed income, real estate, and multi-asset strategies for individual, institutional, and retirement investors; geographic exposure spans the United States (approximately 66%), Japan, Australasia, Eurozone, and developed Asia, with total net assets for POSAX at $1.62 billion as of December 2025. Recent developments for Principal Financial Group, the parent entity overseeing Principal Funds, Inc., include ongoing global expansion with nearly 20,000 employees across 27 nations in Asia, Australia, Europe, Latin America, the Middle East, and North America as of 2025; while no fund-specific acquisitions or launches for POSAX were announced in 2024-2025, the broader organization maintains a track record of strategic moves such as the 2019 $1.2 billion acquisition of Wells Fargo's institutional retirement and trust business and 2021 board enhancements following engagement with Elliott Investment Management. The fund continues to deliver risk-adjusted performance in the Global Real Estate Morningstar category, posting a YTD return of 9.08% excluding sales charges as of November 30, 2025, amid steady portfolio management by experienced professionals including Kelly Rush, Simon Hedger, and Anthony Kenkel.