Real Estate Securities Account
Data updated: 2026-08-25
C000038552 — Real Estate Securities Account. United States Real Estate · $296.72M AUM · 1.03% expense ratio. Holdings, fees, performance and SEC filings.
C000038552 Fund Overview
Real Estate Securities Account is a US mutual fund managed by Principal Variable Contracts Funds Inc, categorised as United States Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Principal Variable Contracts Funds Inc
- Category: United States Real Estate
- Assets under management: $296.72M
- 1-year return: 11.9%
- SEC CIK: 0000012601
- SEC series ID: S000007673
- Share class ID: C000038552
C000038552 Investment Objective and Strategy
Real Estate Securities Account describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Principal Variable Contracts Funds Inc.
Investment objective
The Fund seeks to generate a total return.
Principal investment strategy
Under normal circumstances, the Fund invests 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. A real estate company has at least 50% of its assets, income, or profits derived from products or services related to the real estate industry. Real estate companies include real estate investment trusts (REITs) and companies with substantial real estate holdings such as paper, lumber, hotel, and entertainment companies, as well as those whose products and services relate to the real estate industry, including building supply manufacturers, mortgage lenders, and mortgage servicing companies. REITs are pooled investment vehicles that invest in income-producing real estate, real estate-related loans, or other types of real estate interests.
REITs are corporations or business trusts that are permitted to eliminate corporate level federal income taxes by meeting certain requirements of the Internal Revenue Code. The Fund invests in equity securities regardless of market capitalization (small, medium, or large). The Fund invests in growth and value equity securities. The Fund concentrates its investments (invest more than 25% of its net assets) in securities in the real estate industry. The Fund is considered non-diversified, which means it can invest a higher percentage of assets in securities of individual issuers than a diversified fund. As a result, changes in the value of a single investment could cause greater fluctuations in the Funds share price than would occur in a more diversified fund.
C000038552 Holdings
Top 10 holdings of Real Estate Securities Account by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Welltower Inc | 10.80% |
| Equinix Inc | 9.77% |
| American Tower Corp | 6.93% |
| Ventas Inc | 5.92% |
| Prologis Inc | 5.60% |
| Extra Space Storage Inc | 4.36% |
| AvalonBay Communities Inc | 3.47% |
| American Homes 4 Rent | 3.34% |
| Digital Realty Trust Inc | 3.25% |
| Essex Property Trust Inc | 3.15% |
C000038552 Portfolio Allocation
Asset-class allocation of Real Estate Securities Account by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.4% |
| Cash & Equivalents | 1.3% |
C000038552 Performance
Total returns for C000038552 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 13.7% |
| 1 year | 11.9% |
| 3 years (annualised) | 9.2% |
| 5 years (annualised) | 3.5% |
C000038552 Risk Information
Risk metrics for C000038552, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.9%
C000038552 Costs and Fees
C000038552 costs about $103 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.03%
- Gross expense ratio: 1.03%
- Portfolio turnover: 21%
- Brokerage commissions: 3.08 bps of average net assets (SEC N-CEN)
C000038552 Cashflows
Over the 12 months to 2026-06, Real Estate Securities Account had net inflows of $29.64M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$2.39M |
| 2026-05 | $13.49M |
| 2026-04 | −$2.53M |
| 2026-03 | $8.48M |
| 2026-02 | −$1.59M |
| 2026-01 | −$878.64K |
C000038552 Debt Constituents
No individual debt constituents are reported in Real Estate Securities Account's latest SEC N-PORT filing.
C000038552 Prospectus and SEC Filings
Official Real Estate Securities Account filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-27
- Prospectus (485BPOS) — filed 2025-04-25
- Prospectus (485BPOS) — filed 2024-04-25
- Portfolio holdings (N-PORT) — filed 2026-08-25
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-23
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other United States Real Estate funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.