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Investment Type: pifretail

Real Estate Debt Income Fund (A) (PRDYX)

Class A | Class I

Quick Facts

Intermediate Core-Plus

Investment Strategy

   What's this?
The investment seeks current income. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in debt securities of U.S. companies principally engaged in the real estate industry at the time of purchase. 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.

Morningstar Style Box™

  as of 04/30/2019
   What's this?
Investment Style
Stylebox Market Capitalization

Overall Morningstar Star Rating™

  as of 05/31/2019
   What's this?

Out of 549 Intermediate Core-Plus Funds


Morningstar's Star Ratings reflect risk adjusted performance and are derived from a weighted average of the performance figures associated with its three, five, and ten-year (if applicable) time periods.

Total Returns

Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed, may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.

Where gross and net expense ratios differ, the investment adviser has contractually agreed to limit the investment option's expenses. Differences also may be due to the investment adviser's decision to pay (through the same dates) certain expenses that would normally be payable by the fund.

Month-End | Quarter-End
Average Annual Total Returns as of 05/31/2019
1 Month3 MonthYTD1 Year3 Year5 Year10 YearSince     
Excluding Sales Charge % 1.72 4.00 6.15 8.38 3.93 --- --- 3.00
Including Sales Charge % -2.08 0.15 2.16 4.30 2.61 --- --- 2.11
Bloomberg Barclays CMBS ERISA Eligible Index % 2.04 4.05 5.57 7.70 2.95 3.07 6.94 ---
Intermediate Core-Plus Category % 1.40 3.37 5.06 5.87 3.05 2.63 4.82 ---
Morningstar Percentile Rankings** --- --- --- 1 10 --- --- ---
# of Funds in Category 658 658 656 624 549 464 337 ---
**Morningstar percentile rankings are based on total returns and do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.


  as of 05/31/2019
Total Investment Expense - Gross: 3.09%
Total Investment Expense - Net: 0.99%
Waiver Date: 12/30/2020
Contractual Cap Date: 12/30/2019
Maximum Up-front Sales Charge: 3.75%
Contingent Deferred Sales Charge: 1.00%
12b-1 Fee: 0.25%

Inv Manager or Sub-Advisor

   What's this?
Principal Real Estate Inv

Portfolio Managers

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Scott M. Carson , CFA
Since 12/31/2014
B.A. , Iowa State University

Marc Peterson , CFA
Since 12/31/2014
B.A./B.S. , Luther College

2019 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.

The full name of this investment option is Principal Real Estate Debt Income Fund (A).

Investors should carefully consider a fund's investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting, or calling 800-222-5852. Read the prospectus carefully before investing.

Principal Funds are distributed by Principal Funds Distributor, Inc.

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

Bloomberg Barclays CMBS ERISA Eligible Index measures the performance of the ERISA-eligible commercial mortgage-backed securities market.

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.

During 2016, the Class experienced a significant withdrawal of monies by an affiliate. As the remaining shareholders held relatively small positions, the total return amounts expressed herein are greater than those that would have been experienced without the withdrawal.