Fact sheet: Principal GIF RealEstDt

Fund information

Fund name
Principal GIF Real Estate Debt I Inc USD
Fund company manager
Principal Global Investors (Ir
Fund type
SIB
Fund manager
Scott Carson
since 21/03/2016
Fund objective
The Fund seeks to achieve the Investment Objective by investing the majority of its assets in a diversified portfolio of U.S. commercial mortgage-backed securities (CMBS). CMBS are structured debt securities, typically secured by diversified pools of mortgages on commercial real estate properties located across the U.S. While the Fund will primarily invest in CMBS, it may also invest in unsecured bonds issued by companies primarily engaged in a real estate or real estate related business. The CMBS and unsecured bonds may include Rule 144a securities. The Fund may use certain financial derivative instruments (FDI) for investment purposes.
Benchmark
Barclays CMBS Investment Grade
Investment style
None
Investment method
Fixed Interest

Quick stats

1 Year return

1.74 %

1 Year rank in sector

4/10

Sector

FO Fixed Int - USD Securitised

Yield
-
Fund size

£ 10.7 m

FE Risk score
-
NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    93.37%
  • Money Market
    6.63%
  • Non-Rated
    81.14%
  • Money Market
    6.63%
  • A-
    4.17%
  • B-
    3.99%
  • B+
    2.43%
  • US Corporate Fixed Interest
    82.82%
  • US Fixed Interest
    10.55%
  • Money Market
    6.63%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.1 %2.93 %1.74 %0 %0 %
Sector-0.28 %1.04 %0.95 %3.49 %6.44 %
Rank within sector6 / 111 / 114 / 10 / /
Quartile th3 rd1 st2 nd th th

Calendar performance

YTD-20172016201520142013
Fund3.9 %0 %0 %0 %0 %
Sector1.54 %3.2 %-1.81 %5.29 %-2.49 %
Rank within sector2 / 11 / / / /
Quartile th1 st th th th th

Price movement

52 week high10.49
52 week low9.78
Current bid price0
Current offer price0
Current mid price9.93

Holdings by region

  • 93.37% USA
  • 6.63% Money Market

Holdings by sector

  • 81.14% Non-Rated
  • 6.63% Money Market
  • 4.17% A-
  • 3.99% B-
  • 2.43% B+
  • 1.64% BB+

Holdings by asset type

  • 82.82% US Corporate Fixed Interest
  • 10.55% US Fixed Interest
  • 6.63% Money Market

Individual holdings

  • 6.57% GS MORTGAGE SECURITIES TRUST 2 VAR 10/06/2047
  • 5.42% MSBAM_13-C13 C
  • 5.3% COMMERCIAL MORTGAGE 2012-CR2 VAR MTG BDS 15/08/22 USD1 D 144A
  • 4.83% CSAIL 2017-C8 COMMERCIAL MORTG 3.92% 15/06/2050
  • 4.78% JPMDB COMMERCIAL MORTGAGE SECU 3.48% 15/06/2049
  • 4.2% MSC 2015-MS1 AS 20150701 20480515
  • 4.17% JPMBB COMMERCIAL MORTGAGE SECU VAR 15/04/2047
  • 4.16% GS MORTGAGE SECURITIES TRUST 2 VAR 10/11/2046
  • 4.14% CFCRE COMMERCIAL MORTGAGE TRUS VAR 15/12/2047
  • 4.1% MORGAN STANLEY BAML TRUST 3.325% MTG BDS 15/03/26 USD1000 A4