PGRVX — Global Real Estate Securities Fund
Data updated: 2026-09-25
PGRVX — Global Real Estate Securities Fund. Global (incl. US) Real Estate · $1.74B AUM · 1.26% expense ratio. Holdings, fees, performance and SEC filings.
PGRVX Fund Overview
PGRVX — Global Real Estate Securities Fund is a US mutual fund managed by Principal Funds, Inc., categorised as Global (incl. US) 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 Funds, Inc.
- Category: Global (incl. US) Real Estate
- Assets under management: $1.74B
- 1-year return: 27.7%
- Ticker: PGRVX
- SEC CIK: 0000898745
- SEC series ID: S000019119
- Share class ID: C000167006
PGRVX Investment Objective and Strategy
Global Real Estate Securities Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Principal 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 U.S. and non-U.S. companies principally engaged in the real estate industry at the time of purchase. For the Fund's investment policies, 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 such as building supply manufacturers, mortgage lenders, and mortgage servicing companies. The Fund invests in equity securities regardless of market capitalization (small, medium or large).
The Fund invests in value equity securities, which is an investment strategy that emphasizes buying equity securities that appear to be undervalued. REITs are pooled investment vehicles that invest in income producing real estate, real estate related loans, or other types of real estate interests. REITs in the U.S. are corporations or business trusts that are permitted to eliminate corporate level federal income taxes by meeting certain requirements of the Internal Revenue Code. Some foreign countries have adopted REIT structures that are very similar to those in the United States. Similarities include pass through tax treatment and portfolio diversification. Other countries may have REIT structures that are significantly different than the U.S. or may not have adopted a REIT like structure at all.
The Fund invests a significant percentage of its portfolio in REITs and foreign REIT-like entities. The Fund typically invests in foreign securities of at least three countries and at least 30% of its net assets in foreign securities. The Fund concentrates its investments (invest more than 25% of its net assets) in securities in the real estate industry."
PGRVX Holdings
Top 10 holdings of Global Real Estate Securities Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Welltower Inc | 8.24% |
| Equinix Inc | 6.98% |
| Ventas Inc | 4.93% |
| Prologis Inc | 4.23% |
| Extra Space Storage Inc | 3.80% |
| Goodman Group | 3.75% |
| Unibail-Rodamco-Westfield | 3.36% |
| Mitsubishi Estate Co Ltd | 2.61% |
| American Homes 4 Rent | 2.61% |
| AvalonBay Communities Inc | 2.60% |
PGRVX Portfolio Allocation
Asset-class allocation of Global Real Estate Securities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.1% |
| Cash & Equivalents | 0.8% |
PGRVX Performance
Total returns for PGRVX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 27.7% |
| 3 years (annualised) | -4.1% |
| 5 years (annualised) | -0.0% |
PGRVX Risk Information
Risk metrics for PGRVX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 18.9%
PGRVX Costs and Fees
PGRVX costs about $126 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.26%
- Gross expense ratio: 1.26%
- Portfolio turnover: 22%
- Brokerage commissions: 4.97 bps of average net assets (SEC N-CEN)
PGRVX Cashflows
Over the 12 months to 2026-04, Global Real Estate Securities Fund had net outflows of $163.82M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$14.12M |
| 2026-03 | −$9.84M |
| 2026-02 | −$15.16M |
| 2026-01 | $8.65M |
| 2025-12 | $33.96M |
| 2025-11 | −$5.45M |
PGRVX Debt Constituents
No individual debt constituents are reported in Global Real Estate Securities Fund's latest SEC N-PORT filing.
PGRVX Prospectus and SEC Filings
Official Global Real Estate Securities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-02-26
- Prospectus (485BPOS) — filed 2024-02-27
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-25
- Annual census (N-CEN) — filed 2026-01-14
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Other Global (incl. US) 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.