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Mutual Fund Insights: Principal Real Estate Securities R3 Fund (PRERX)

In-depth Analysis of Principal Real Estate Securities R3 Fund (PRERX)

Mutual fund chart: Principal Real Estate Securities R3 Fund (PRERX)

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See Principal Real Estate Securities R3 Fund (PRERX) performance details as of January 31, 2010

Last Trade: $14.36 on 3/17/2010, Change: +0.18 (1.27%)

Fund Manager - Kelly D. Rush

Fund Manager Tenure: 9.3 years [Similar Funds: PREJX PRENX PREPX PRETX ]
Fundmojo Fund Grade: B (Score: 0.6) (What does this score mean?)

Rush directs the Real Estate Investment Trust (REIT) activity for Principal Real Estate Investors, LLC. He has been managing the real estate stock portfolio since 1997. Previously, he participated in structuring commercial mortgage loans for public real estate companies and the analysis of real estate investment trust issued bonds. He has been with the real estate investment area of the firm since 1987. Rush holds the Chartered Financial Analyst designation. Get more insights on Kelly D. Rush

What we like about Principal Real Estate Securities R3 Fund (PRERX)

Data for Principal Real Estate Securities R3 Fund (PRERX) as of January 31, 2010

Principal Real Estate Securities R3 Fund (PRERX) management has been with Principal Real Estate Securities R3 Fund for 9.3 years
Principal Real Estate Securities R3 Fund (PRERX) has good mid-term performance (3-year return -15.38% vs -17.09% Real Estate category average)
Principal Real Estate Securities R3 Fund (PRERX) has good Long-term performance (5-year return 2.43% vs -0.30% Real Estate category average)
Principal Real Estate Securities R3 Fund (PRERX) has a Morningstar rating of 4 and above
Principal Real Estate Securities R3 Fund (PRERX) has an annual stock turnover rate of 57.30% vs Real Estate average of 119.83%. It is good that Principal Real Estate Securities R3 management does not trade extensively for its return.
Principal Real Estate Securities R3 Fund (PRERX) is less volatile than its peers as it has a 3-year Standard Deviation of 35.46, lower than category average of 38.72
Principal Real Estate Securities R3 Fund (PRERX) has a lower management fee than its Real Estate average: 1.41% vs 1.47%

What we are cautious about Principal Real Estate Securities R3 Fund (PRERX)

Data for Principal Real Estate Securities R3 Fund (PRERX) as of January 31, 2010

Principal Real Estate Securities R3 Fund is a focused fund with 50.25% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
Principal Real Estate Securities R3 Fund (PRERX) has a less-than-ideal short-term performance (1-year return 43.88% vs 47.97% Real Estate category average)
Principal Real Estate Securities R3 Fund (PRERX) ratio of up-years vs down years can be improved
Principal Real Estate Securities R3 Fund (PRERX) is less safe compared to its Real Estate peers
Principal Real Estate Securities R3 Fund (PRERX) does not have a good risk adjusted return as its 3-year Alpha of -1.25 is worse than category average of -0.91, and its 3-year Sharpe ratio is -0.34
Even though Principal Real Estate Securities R3 Fund carries no load, it does have a 0.25% of 12b1 promotion, distributions, marketing expenses

See Principal Real Estate Securities R3 Fund (PRERX) performance details as of January 31, 2010

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Principal Real Estate Securities R3 Fund (PRERX) Net Asset

Track net asset change of Principal Real Estate Securities R3 fund (PRERX)

Date	Net Asset
01/2010	$34.28M
11/2009	$34.79M
10/2009	$32.64M

More historic net asset information on Principal Real Estate Securities R3 Fund (PRERX)

Principal Real Estate Securities R3 Fund (PRERX) Portfolio Allocation

Track portfolio allocation change of Principal Real Estate Securities R3 fund (PRERX)

Date	Cash	Stock	Bond	Other
10/2009	1.03%	98.47%	0%	0.5%
09/2009	0.34%	99.15%	0%	0.51%
08/2009	1.97%	97.12%	0%	0.92%

Click here to see more historic asset allocation information on Principal Real Estate Securities R3 Fund (PRERX)

Most Recent Top 10 Holdings in Principal Real Estate Securities R3 Fund (PRERX)

Discover what Principal Real Estate Securities R3 Fund (PRERX) manager is buying

31-Oct-09

SIMON PPTY GRP INC [11.36%]
PUBLIC STG [5.62%]
HCP, INC. [5.59%]
BOSTON PPTYS INC [5.29%]
VENTAS INC [4.24%]
VORNADO REALTY TRUST [3.96%]
SL GREEN REALTY CP [3.64%]
HEALTH CARE REIT [3.04%]
DIGITAL REALTY TRUST [2.69%]
NATIONWIDE HLTH PROP [2.66%]

30-Sep-09

SIMON PPTY GRP INC [11.21%]
PUBLIC STG [5.54%]
BOSTON PPTYS INC [5.51%]
HCP, INC. [5.24%]
VORNADO REALTY TRUST [4.14%]
SL GREEN REALTY CP [3.97%]
VENTAS INC [3.93%]
APT INV & MNGMNT CO [3.11%]
HEALTH CARE REIT [2.76%]
FEDERAL RLTY INV TR [2.71%]

31-Aug-09

SIMON PPTY GRP INC [11.46%]
PUBLIC STG [5.48%]
HCP, INC. [5.48%]
BOSTON PPTYS INC [5.37%]
VENTAS INC [4.22%]
VORNADO REALTY TRUST [3.6%]
SL GREEN REALTY CP [3.37%]
HEALTH CARE REIT [2.98%]
FEDERAL RLTY INV TR [2.91%]
APT INV & MNGMNT CO [2.71%]

Click here for Stock Holding Change Map in Principal Real Estate Securities R3 Fund (PRERX)

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Data is provided for informational purposes only, and is not intended for trading purposes. Although data are gathered from sources believed to be reliable, Fund Mojo and its content providers cannot guarantee completeness and accuracy. Performance data quoted represents past performance. Fund Mojo and its content providers accept no liability for reliance on this data.