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Investment Type: separateaccount

Global Real Estate Securities Separate Account-Z







Portfolio Composition

  as of 09/30/2022
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Asset Distribution
Asset TypeNetShortLong
U.S. Stocks 60.46% 0.0%   60.46%  
Non-U.S. Stocks 37.15% 0.0%   37.15%  
Cash 2.4% 0.0%   2.4%  
Total100.01%


Top 10 Holdings

  as of 09/30/2022
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% of Net Assets
Prologis Inc 3.91
AvalonBay Communities Inc 3.65
Extra Space Storage Inc 3.62
VICI Properties Inc Ordinary Shares 3.19
Invitation Homes Inc 3.15
Essex Property Trust Inc 2.93
Ventas Inc 2.73
Rexford Industrial Realty Inc 2.59
Alexandria Real Estate Equities Inc 2.58
Sun Communities Inc 2.48
Total*: 30.83
*Values may exceed 100% if both long and short positions are included in the portfolio

View Full Portfolio Holdings

Morningstar Style Box™

  as of 09/30/2022
   What's this?
Investment Style
Stylebox Market Capitalization

Stock Sector Breakdown

  as of 09/30/2022
   What's this?

% of Net Assets
Cyclical 100.00
Consumer Cyclical 1.07
Real Estate 98.93
Defensive ---
Sensitive ---

Top 5 Countries

  as of 09/30/2022
% of Net Assets
United States 61.95
Japan 10.43
Australia 4.54
Canada 4.11
Hong Kong 4.02

Regional Exposure

  as of 09/30/2022
% of Net Assets
United States 61.94
Pacific Rim 12.23
Europe 10.80
Japan 10.43
Other 4.11
Latin America 0.49

Analysis

  as of 09/30/2022
Average Market Cap (mil): $11,029.80
Price/Earnings Ratio: 19.84
Price/Book Ratio: 1.11
Price/Cash Flow Ratio: 14.47
Turnover Ratio: 25.90%
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Morningstar
2022 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Past performance is no guarantee of future results. Investment options are subject to investment risk. Shares or unit values will fluctuate and investments, when redeemed, may be worth more or less than their original cost.

Portfolio holdings are subject to change and companies referenced in this report may not currently be held. Information is current as of the creation of this piece. Keep in mind that portfolio holdings are subject to risk. Click here for a complete list of the most recent publicly available holdings.

The full name of this investment option is Principal Global Real Estate Securities Separate Account-Z. Principal Global Real Estate Securities investment option is available as a mutual fund and as a Separate Account that invests wholly in R6 class shares of the Principal Funds, Inc. Global Real Estate Securities R6 Fund. All voting rights associated with ownership of shares in the mutual fund are the rights of the Separate Account, not of contract holders investing in the Separate Account. For further information on the underlying mutual fund, see the prospectus of the fund (PGRSX) at http://www.principal.com/retirement/prospectuses/prospect.htm http://www.principal-funds.com/Principal?site=MF

Separate Accounts are available through a group annuity contract with Principal Life Insurance Co. Insurance products and plan administrative services, if applicable, are provided by Principal Life Insurance Company, a member of the Principal Financial Group, Des Moines, IA 50392. See the fact sheet for the full name of the Separate Account. Certain investment options may not be available in all states or U.S. commonwealths. Principal Life Insurance Company reserves the right to defer payments or transfers from Principal Life Separate Accounts as described in the group annuity contracts providing access to the Separate Accounts or as required by applicable law. Such deferment will be based on factors that may include situations such as: unstable or disorderly financial markets; investment conditions which do not allow for orderly investment transactions; or investment, liquidity, and other risks (such as those associated with general and local economic conditions). If you elect to allocate funds to a Separate Account, you may not be able to immediately withdraw them.

Before directing retirement funds to a separate account, investors should carefully consider the investment objectives, risks, charges and expenses of the separate account as well as their individual risk tolerance, time horizon and goals. For additional information contact us at 1-800-547-7754 or by visiting principal.com.

Not FDIC Insured
May Lose Value - Not a Deposit - No Bank Guarantee
Not Insured by any Federal Government Agency

Fees and expenses are only one of several factors that participants and beneficiaries should consider when making investment decisions.  The cumulative effect of fees and expenses can substantially reduce the growth of a participant's or beneficiary's retirement account.  Participants and beneficiaries can visit the Employee Benefit Security Administration's website for an example demonstrating the long-term effect of fees and expenses.

FTSE EPRA/NAREIT Developed Index NR is designed to represent general trends in eligible real estate equities worldwide.

These calculated returns reflect the historical performance of the oldest share class of the fund, adjusted to reflect a portion of the fees and expenses of this share class. For time periods prior to inception date of the fund, predecessor performance is reflected. Please see the fund's prospectus for more information on specific expenses, and the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class.

International and global investment options are subject to additional risk due to fluctuating exchange rates, foreign accounting and financial policies, and other economic and political environments.

Real Estate investment options are subject to investment and liquidity risk and other risks inherent in real estate such as those associated with general and local economic conditions. Property values can decline due to environmental and other reasons. In addition, fluctuation in interest rates can negatively impact the performance of real estate investment options.

Investment manager/sub-advisor means either the Investment Advisor or Sub-Advisor to the investment option or the underlying asset(s). Principal Life Insurance Company is the Investment Manager as defined by ERISA, with regard to the assets of the Separate Accounts. Principal Global Investors is a member of the Principal Financial Group.