Principal Real Estate Securities features a seasoned management team that has achieved a strong long-term track record with a disciplined but flexible approach to U.S. real estate investing. The Institutional and R6 shares, which have the bulk of fund assets, earn a Morningstar Analyst Rating of Bronze, though the pricier share classes earn a Neutral rating.
Will PRRAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRRAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PRRAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PRRAX’s parent organization’s priorities and whether they’re in line with investors’ interests.