Principal Real Estate Income Fund is a closed-end mutual fund managed by ALPS Advisers, Inc. and co-managed by Principal Real Estate Investors, LLC. The fund invests in a combination of public equity and fixed income markets of the United States, with a focus on commercial mortgage-backed securities, real estate investment trusts, and value stocks of companies. To accomplish its objective, the fund employs fundamental analysis with a combination of top-down and bottom-up stock picking approach while focusing on factors such as macro outlook on the economy, real estate cycle and real estate fundamentals.