# Principal Real Estate Income Fund (PGZ): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pgz for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Principal · Asset class: Currency - Strategy: Actively Managed · Inception: 2013-06-26 The Principal Real Estate Income Fund (PGZ) operates as a closed-end, balanced mutual fund, managed by ALPS Advisers, Inc., with Principal Real Estate Investors, LLC acting as co-manager. This fund primarily allocates capital to public equity and fixed-income securities within the United States. Its portfolio specifically targets commercial mortgage-backed securities, real estate investment trusts (REITs), and analogous entities, favoring value-oriented companies. To enhance its investment strategies, the fund employs a variety of financial derivatives, including credit default swaps, inter... ## Key Facts | Metric | Value | |---|---| | Price | $8.70 | | Expense Ratio | 4.86% | | Market Value | $58.2M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | 14.48% | | Annual Distribution (TTM) | $1.26 /share | | Distribution Frequency | Monthly | | 52-Week Range | $8.68 – $10.58 | | Beta | 0.72 | ## Latest Distribution - Amount: $0.1050 /share - Ex-date: 2026-10-16 - Pay date: 2026-10-30 ## Next Distribution (Declared) - Amount: $0.1050 /share - Ex-date: 2026-11-13 - Pay date: 2026-11-30 ## Frequently Asked Questions ### What does PGZ invest in? The Principal Real Estate Income Fund (PGZ) operates as a closed-end, balanced mutual fund, managed by ALPS Advisers, Inc., with Principal Real Estate Investors, LLC acting as co-manager. This fund primarily allocates capital to public equity and fixed-income securities within the United States. Its portfolio specifically targets commercial mortgage-backed securities, real estate investment trusts (REITs), and analogous entities, favoring value-oriented companies. To enhance its investment strategies, the fund employs a variety of financial derivatives, including credit default swaps, interest rate swaps, caps, floors, collars, currency futures and forwards, rate forwards, and interest rate futures. Its investment methodology is rooted in fundamental analysis, integrating both top-down macroeconomic perspectives and bottom-up security selection. This analytical framework assesses factors such as the broader economic outlook, the real estate cycle, core real estate fundamentals, and makes tactical allocation adjustments based on ongoing market valuations, quantitative analysis, and technical indicators. The fund was established on August 31, 2012, and is domiciled in the United States. ### What is the expense ratio of PGZ? Principal Real Estate Income Fund (PGZ) charges an expense ratio of 4.86%. This is the annual fee deducted from fund assets to cover management and operations. ### What is PGZ's dividend yield? PGZ's trailing-twelve-month yield is 14.48%, calculated from the sum of dividends over the past year divided by the current price. ### How big is PGZ? Principal Real Estate Income Fund (PGZ) has a market value of $58.2M: its share price times its shares outstanding. A closed-end fund trades above or below its net asset value, so its net assets differ from this figure. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is PGZ actively managed or an index fund? PGZ is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PGZ's is 4.86%) in exchange for the discretion to over- or under-weight positions. ### When was PGZ launched? Principal Real Estate Income Fund (PGZ) launched in June 2013 and is managed by Principal. ### Does PGZ pay a dividend? Yes, Principal Real Estate Income Fund (PGZ) distributes dividends to shareholders. The trailing-twelve-month yield is 14.48%. Full dividend history is on this page. ### How often does PGZ pay dividends? Principal Real Estate Income Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PGZ's next ex-dividend date? The most recently announced ex-dividend date for PGZ was 2027-01-14. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will PGZ's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 4.86% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PGZ charge its expense ratio? The expense ratio is deducted in tiny daily slices from PGZ's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PGZ cost more than a fund like VOO? PGZ is actively managed (current expense ratio 4.86%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PGZ's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PGZ? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as PGZ (4.86%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pgz - Distribution history: https://www.dividenddata.com/funds/pgz/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pgz/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pgz/expenses - Peer comparison: https://www.dividenddata.com/funds/pgz/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.