Portfolio Management

Marc Peterson, CFA Managing Director, Portfolio Management

25 years experience; 25 years with the firm

Marc is a managing director, portfolio management at PrinREI, the dedicated real estate group of Principal Global Investors. He is responsible for commercial mortgage-backed securities investments for affiliated and non-affiliated clients. He also analyzes all CMBS purchasing opportunities. Marc joined the firm in 1992. Previously, Marc was an accountant for The Principal Financial Group. He received an MBA from Drake University and a bachelor’s degree in accounting from Luther College. Marc has earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Institute. He is also a member of the Commercial Mortgage Securities Association.

Kelly D. Rush, CFA Chief Investment Officer, Global Real Estate Securities

33 years experience; 30 years with the firm

As head of global property securities, Kelly directs the domestic and global real estate investment trust (REIT) activity for PrinREI, 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.

Fund Data as of Jun 23, 2017
Ticker Symbol PGZ
NAV $19.49
Market Price $18.12
Premium/Discount -7.03%
Total Net Assets $134,489,484.44