Fact sheet: Principal GIF GblPropSec

Fund information
Fund name
Principal GIF Global Property Securities I Acc USD
Fund manager company
Principal Global Investors (Ir
Fund type
Unit Trust
Fund managers
  • Simon Hedgersince 17/04/2007
  • Anthony Kenkelsince 17/04/2007
  • Kelly D. Rushsince 17/04/2007
Fund objective
The Fund is managed by a specialist property securities team, which has significant experience in both physical property markets and securitised property. A rigorous investment process is used, which combines indepth original research with disciplined portfolio construction and risk controls.
Benchmark
  • FTSE EPRA/NAREIT Developed
Investment style
None
Investment method
Shares
Quick stats
1 Year return
11.4%
1 Year rank in sector
30/43
Sector
FO Property - International
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.16%
Fund size
£167m (£70m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
103
Top in this sector
Fund name1 Year
SKAGEN SKAGEN m236.7%
HSBC GIF GblRlEstEqt36.1%
Sarasin IE Real Est Eq Gl30.8%
Fidelity Gbl Prop29.9%
Oasis Crescent GlbProEq28.8%
...more in FO Property - International

Performance snapshot

Holdings snapshot

  • USA54.2%
    Japan13.3%
    Australia7%
    Hong Kong6.2%
    UK4.2%
  • Other - Property25.5%
    Retail - Property22%
    Offices - Property17.8%
    Residential - Property17.4%
    Warehouse - Property4.6%
  • US Equities54.2%
    Japanese Equities13.3%
    Australian Equities7%
    Hong Kong Equities6.2%
    UK Equities4.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%6.1%7.2%11.4%21.9%74.8%
Sector-0.3%4.8%7.4%12.3%28%67%
Rank within sector32 / 4414 / 4421 / 4330 / 4325 / 4115 / 32
Quartile3rd2nd2nd3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund6.1%0.2%15.7%5.2%28.2%
Sector7.4%4.3%16%0.9%21.8%
Rank within sector24 / 4326 / 4222 / 417 / 398 / 33
Quartile3rd3rd3rd1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-2.57
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.16
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.46
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
12.03
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
3.11
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.36
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.95
Price movement
52 week high27.33
52 week low22.03
Current bid price-
Current offer price-
Current mid price26.62
Region
1USA54.24%
2Japan13.27%
3Australia6.95%
4Hong Kong6.16%
5UK4.23%
6Germany4.18%
7France3.61%
8Sweden2.75%
9Spain1.18%
Industry sector
1Other - Property25.5%
2Retail - Property22%
3Offices - Property17.8%
4Residential - Property17.4%
5Warehouse - Property4.6%
6Health Care - Property4.5%
7Technology4%
8Hotels2.9%
9Money Market1.3%
Asset type
1US Equities54.24%
2Japanese Equities13.27%
3Australian Equities6.95%
4Hong Kong Equities6.16%
5UK Equities4.23%
6German Equities4.18%
7French Equities3.61%
8Swedish Equities2.75%
9Spanish Equities1.18%
Individual holdings
1SIMON PROPERTY GROUP INC6.94%
2DEUTSCHE WOHNEN AG3.14%
3WELLTOWER INC3.01%
4MITSUI FUDOSAN2.85%
5AVALONBAY COMMUNITIES INC2.71%
6KLEPIERRE2.68%
7ESSEX PROPERTY TRUST INC USD0.00012.64%
8PROLOGIS INC2.55%
9BOSTON PROPERTIES INC2.36%
Management
Fund manager group
Principal Global Investors
Fund manager company
Principal Global Investors (Ir
Fund type
Unit Trust
Fund objective
The Fund is managed by a specialist property securities team, which has significant experience in both physical property markets and securitised property. A rigorous investment process is used, which combines indepth original research with disciplined portfolio construction and risk controls.
Benchmark
  • FTSE EPRA/NAREIT Developed
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Simon Hedger17/04/2007Simon is a managing director of real estate securities portfolio management for Principal Real Estate Investors, the dedicated real estate unit of Principal Global Investors. Based in London, he is responsible for the firm's European, Middle East, and Africa real estate capability in REITs and listed real estate securities. Simon has over 34 years of real estate experience, including extensive time spent in both the United Kingdom and Australia markets. This includes positions both as an analyst and as a portfolio manager. He joined Principal Global Investors in 2003. Previously, Simon worked for Domaine real estate funds, managing the assets of its real estate syndicates. Prior to this, he was a senior equities analyst at Prudential Bache/BNP Equities. His background also includes positions as fund manager for Paladin Commercial Trust and GEM Commercial Property Trust, as well as a variety of real estate related roles with Prudential Assurance Company in both Australia and the United Kingdom. Simon received an MBA from the University of New England and is an associate member of the Royal Institute of Chartered Surveyors, the Australian Property Institute and the FTSE EPRA NAREIT European Regional Index Committee.
Anthony Kenkel17/04/2007Anthony is a managing director of real estate securities portfolio management for Principal Real Estate Investors, the dedicated real estate unit of Principal Global Investors. Currently based in Singapore, he is responsible for the firm’s Asia Pacific real estate capability in REITs and listed real estate securities, and has prior experience managing the firm’s Americas real estate capabilities. He also remains active in managing U.S. securities as one of the teams listed U.S. portfolio managers. Anthony joined Principal in 1997. In 2000, he became a real estate consultant for Arthur Andersen before joining GATX Corporation as a senior financial analyst in 2002. Anthony rejoined Principal in 2005 in his current position. He received a bachelor's degree in finance from Drake University and an MBA from the University of Chicago Graduate School of Business. Anthony has earned the right to use the Chartered Financial Analyst and Financial Risk Manager designations.
Kelly D. Rush17/04/2007As head of global property securities, Kelly directs the domestic and global real estate investment trust (REIT) activity for Principal Real Estate Investors, the dedicated real estate group of Principal Global Investors. He has experience in both separate account and pooled fund management, and has been managing real estate stock portfolios since 1997. Previously, Kelly participated in structuring commercial mortgage loans for public real estate companies and the analysis of real estate investment trust issued bonds. He has been with the real estate investment area of the firm since 1987. Kelly received an MBA in business administration and a bachelor's degree in finance from the University of Iowa. He has earned the right to use the Chartered Financial Analyst designation. Kelly is a member of the Iowa Society of Financial Analysts and the CFA Institute. Kelly is an active supporter of the Toigo Foundation and is currently serving as a mentor to a 2007 Toigo Fellow. Kelly’s prior speaking engagements include the Institutional Investor Endowments & Foundations Roundtable, the NAREIT Institutional Investor Forum, the National Conference of Public Employee Retirement Systems (NCPERS), and the International Council of Shopping Centers (ICSC) Law Conference.
Compliance
Transparent for Swiss Tax, Transparent for German Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Guernsey, Ireland, Italy, Jersey, Luxembourg, Netherlands, Offshore, Singapore, Sweden
Principal GIF Global Property Securities A Acc EUR
Initial charge5%
Annual charge1.6%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6SQ
Principal GIF Global Property Securities A Acc GBP
Initial charge5%
Annual charge1.6%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6SP
Principal GIF Global Property Securities A Hedged Acc GBP
Initial charge5%
Annual charge1.6%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6SO
Principal GIF Global Property Securities D Acc USD
Initial charge5%
Annual charge0.8%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6SS
Principal GIF Global Property Securities D Inc USD
Initial charge5%
Annual charge0.8%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6SR
Principal GIF Global Property Securities D2 Inc USD
Initial charge-
Annual charge0.8%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMWTW
Principal GIF Global Property Securities F Acc USD
Initial charge-
Annual charge0.8%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.32
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN6QQ
Principal GIF Global Property Securities F Inc USD
Initial charge-
Annual charge0.8%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.36%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6ST
Principal GIF Global Property Securities I Acc JPY
Initial charge-
Annual charge1%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyJPY
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6SV
Principal GIF Global Property Securities I Acc USD
Initial charge-
Annual charge1%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.27%
Bid price-
Offer price-
Mid price26.62
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDXA0
Principal GIF Global Property Securities I Hedged Acc USD
Initial charge-
Annual charge1%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.27%
Bid price-
Offer price-
Mid price11.34
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAEQ8
Principal GIF Global Property Securities I Hedged Inc JPY
Initial charge-
Annual charge1%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1221.63
CurrencyJPY
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMDBY
Principal GIF Global Property Securities I Inc GBP
Initial charge-
Annual charge1%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNF8B
Principal GIF Global Property Securities I2 Inc USD
Initial charge-
Annual charge0.43%
Min single investment£100,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.62%
Total expense ratio (TER)0.67%
Bid price-
Offer price-
Mid price11.13
CurrencyUSD
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKLTE
Principal GIF Global Property Securities N Acc EUR
Initial charge-
Annual charge0.85%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNF7X
Principal GIF Global Property Securities N Acc GBP
Initial charge-
Annual charge0.85%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNF7Z
Principal GIF Global Property Securities N Acc USD
Initial charge-
Annual charge0.85%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNF7V
Principal GIF Global Property Securities N Inc EUR
Initial charge-
Annual charge0.85%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNF7Y
Principal GIF Global Property Securities N Inc GBP
Initial charge-
Annual charge0.85%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNF8A
Principal GIF Global Property Securities N Inc USD
Initial charge-
Annual charge0.85%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNF7W
Principal GIF Global Property Securities P Acc USD
Initial charge-
Annual charge0.8%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMDBW
Principal GIF Global Property Securities P Inc USD
Initial charge-
Annual charge0.8%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMDBX
Data provided by

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