Principal Fds, Inc. Real Estate Securities Fd Inc Cl A
PRRAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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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.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 711 High Street Des Moines IA United States of America 50392
- IPO Date
- Aug 20, 1999
- CIK
- 0000898745
- Website
- principalam.com
- Similar Companies
- Business
- Principal Funds, Inc. - Real Estate Securities Fund Inc Class A (PRRAX) is a non-diversified open-end mutual fund that seeks total return by investing 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; these include real estate investment trusts (REITs) and other real estate-related companies across small-, mid-, and large-cap market capitalizations, with a concentration of more than 25% of net assets in real estate securities. The fund employs a bottom-up stock selection approach emphasizing "quality at the right price," targeting above-average companies at average or discounted valuations, leveraging in-house insights across real estate sectors; top holdings as of late 2025 include Welltower Inc (10.49%), American Tower Corp (8.68%), Equinix Inc (7.44%), Ventas Inc (6.83%), and Prologis Inc (6.39%), comprising approximately 39-40% of assets, with 98%+ allocated to U.S. stocks in real estate. Managed by Principal Global Investors, LLC since inception on June 28, 2005 (with extended performance from December 6, 2000), the fund is part of Principal Funds, Inc., offered by Principal Financial Group, Inc., founded in 1879 and headquartered in Des Moines, Iowa; it operates primarily in the U.S. market for individual and institutional investors, with a minimum initial investment of $1,000, quarterly dividends, a net expense ratio of 1.19%, and a 5.50% front-end load. Recent updates include quarterly income distributions through September 2025 (e.g., $0.1964 per share on September 18, 2025) and a long-term capital gain distribution of $0.4618 per share on December 27, 2024; total fund assets stood at $6.31 billion as of mid-December 2025, reflecting steady scale amid market conditions, with no reported acquisitions, partnerships, or strategic shifts specific to PRRAX in 2024-2025, though Principal Asset Management launched complementary real estate strategies and sustainability funds firm-wide in 2024. The fund benchmarks against the U.S. REIT Linked Index and falls within the Morningstar Real Estate category, serving target customers including retail investors and retirement plans seeking real estate exposure.