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Morningstar

Principal Diversified Real Asset Instl PDRDX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 10.88  /  +0.18 %
  • Total Assets 3.2 Bil
  • Adj. Expense Ratio
    0.840%
  • Expense Ratio 0.840%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Global Allocation
  • Investment Style Mid Blend
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 2.58%
  • Turnover 72%

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis PDRDX

Will PDRDX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PDRDX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PDRDX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PDRDX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Principal Diversified Real Asset to Add Two New Sleeves to Its Portfolio; Ratings Unchanged

null Vedran Beogradlija

Vedran Beogradlija

Analyst Note

On Dec. 20, 2023, Principal announced that two new sleeves will be added to the Diversified Real Asset fund and collective investment trust sometime during 2024's first quarter. These impending additions do not alter the strategy or underlying investment philosophy. The team will add one sleeve dedicated to smaller tactical purchases via passive exchange-traded funds. This sleeve will be responsible for the tactical moves previously made within the existing liquidity sleeve for better transparency. The second sleeve will introduce a passive global natural-resources exposure that complements the existing natural-resources sleeve. Principal's passive equities team, reporting to Diversified Real Asset's lead portfolio manager May Tong, will manage the exposure. It is expected to receive 2% to 8% of portfolio assets, though the overall natural-resources target allocation remains at 15%. These impending changes do not affect the strategy's Average People and Process Pillar ratings.

by Vedran Beogradlija
Published on

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Portfolio Holdings PDRDX

More PDRDX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 28.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Dracay Wellington

9.89 328.9 Mil
—

Dracay Corecommodity - 30

5.96 198.3 Mil
—

Principal Government Money Market R-6

3.47 115.5 Mil
—

Global X US Infrastructure Dev ETF

2.08 69.3 Mil
—

NextEra Energy Inc

1.27 42.2 Mil
Utilities

Enbridge Inc

1.16 38.6 Mil
Energy

Vanguard Real Estate ETF

1.12 37.1 Mil
—

Mitsui Fudosan Co Ltd

1.09 36.1 Mil
Real Estate

National Grid PLC

1.08 35.8 Mil
Utilities

Prologis Inc

1.07 35.5 Mil
Real Estate