Principal Diversified Real Asset offers investors unique exposure to nine assets that have varying sensitivity to inflation, but the team’s broad-based approach leads to a portfolio that hasn’t delivered on its stated real return target. This holds its Morningstar Analyst Rating at Neutral for 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.