Principal Real Estate Securities Fund

Frequently Asked Questions About PIREX

What does PIREX invest in?

Ordinarily, this fund allocates a minimum of 80% of its net assets, combined with any borrowed capital used for investment, to the equity shares of companies primarily operating within the real estate sector at the time of purchase. Its holdings in equity securities are not constrained by market capitalization, meaning it invests across small, medium, and large-sized firms. The fund also adopts a concentrated approach, committing more than 25% of its net assets specifically to securities within the real estate industry. Consequently, it is classified as a non-diversified fund.

What is the expense ratio of PIREX?

Principal Real Estate Securities Fund (PIREX) charges an expense ratio of 0.86%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PIREX?

Principal Real Estate Securities Fund (PIREX) manages $6.68B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is PIREX actively managed or an index fund?

PIREX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was PIREX launched?

Principal Real Estate Securities Fund (PIREX) launched in February 2001 and is managed by Principal.

How has PIREX performed?

PIREX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.