PRRAX Mutual Fund — REAL ESTATE SECURITIES FUND CLASS A

REAL ESTATE SECURITIES FUND CLASS A (PRRAX)

Updated October 15, 2026.

PRRAX is a Mutual Fund. its distribution rate is 2.01%, its trailing-12-month yield is 1.99%, its expense ratio is 1.2009%. Dividend Vision Distribution Safety Score™ is 68/100 (Generally safe). Total return is 27638.6% over the past 27.2 years, 26809.8 points ahead of SPY at 828.8%.

Principal Real Estate Securities Fund Class A is an actively managed mutual fund that invests at least 80% of its assets in equity securities of companies engaged in the real estate industry across all market capitalizations, with a concentrated portfolio focused on the real estate sector. The fund pays distributions quarterly, with a current distribution rate in the low-single-digit range; notably, the latest distribution was special or one-time in nature and may not recur at that level. An expense ratio figure is not available for this share class. The fund appeals to income-focused investors seeking equity exposure to the real estate sector.

PRRAX performance versus SPY

Price and return data through 2026-10-15.

Total return is 27638.6% over the past 27.2 years, 26809.8 points ahead of SPY at 828.8%. Over the past year its total return — price change plus distributions reinvested — is 7.3%. Its deepest 1-year drawdown was 10.9%.

PRRAX key facts

Distribution Safety Score™

68 · Generally safe

Safety-Adjusted Yield

1.37%

Issuer

Principal

Asset type

Mutual Fund

Asset class

Equity

Inception date

08/18/1999

Expense ratio

1.2009%

Distribution rate

2.01%

Distribution frequency

Quarterly

Trailing yield

1.99%

Last close

$29.93 (as of 2026-10-15)

NAV

$27.79 as of 2026-09-30; source eodhd (stale)

Premium / discount

N/A (price 2026-10-15, NAV 2026-09-30) (NAV stale)

AUM

$6,330,750,000

Average volume

0.0

Dividend

$0.188

Ex-dividend date

09/18/2026

Payment date

09/18/2026

Beta

0.87

How Dividend Vision calculates yield and returns

Distribution rate (2.01%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.99%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Principal; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

PRRAX risks and drawbacks

PRRAX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 10.9%.

Who may consider PRRAX — and who may not

PRRAX may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (PRRAX pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on PRRAX

• All tickers starting with P

Tagged: Real Estate, REIT, Active, Mutual Fund.

Frequently asked questions

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