- What does POSAX invest in?
- This fund typically dedicates a minimum of 80% of its total assets, including any borrowed capital, to equities issued by companies, both domestic and international, primarily involved in the real estate sector at the time of acquisition. For the purpose of the fund's investment strategy, a real estate company is defined as one that derives at least 50% of its assets, income, or profits from products or services within the real estate industry.
- What is the expense ratio of POSAX?
- Principal Global Real Estate Securities Fund Class A (POSAX) charges an expense ratio of 1.36%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is POSAX?
- Principal Global Real Estate Securities Fund Class A (POSAX) manages $1.55B 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 POSAX actively managed or an index fund?
- POSAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (POSAX's is 1.36%) in exchange for the discretion to over- or under-weight positions.
- When was POSAX launched?
- Principal Global Real Estate Securities Fund Class A (POSAX) launched in October 2007 and is managed by Principal.
- How has POSAX performed?
- POSAX'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.
