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Principal Diversified Real Asset Instl PDRDX

Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 10.94  /  +0.55 %
  • 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 19, 2024 | 1-Day Return as of Apr 19, 2024, 10:18 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.

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.

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Portfolio Holdings PDRDX

  • 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

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