Principal Diversified Real Asset consists of thoughtfully packaged asset classes that have been sensitive to inflation historically, but its lineup of mostly external subadvisors has lost some luster. Tempered conviction in the subadvisors supports a Morningstar Analyst Rating of Neutral across all share classes.
Will PDRDX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of PDRDX’s parent organization’s priorities and whether they’re in line with investors’ interests.