Morningstar

Principal Diversified Real Asset Fund Institutional Class PDRDX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $13.16  /  −0.23 %
  • Fund Size $2.6B
  • Adjusted Expense Ratio 0.860%
  • Net Expense Ratio 0.840%
  • Fee Level: Distribution Above Average
  • Share Class Type Institutional
  • Morningstar Category Global Moderate Allocation
  • Equity Style Box (Funds) Mid Value
  • Fixed-Income Style Box (Funds) —
  • Investment Status Open
  • TTM Yield 5.92%
  • Turnover Ratio 86%
NAV and 1-Day Return as of

Morningstar’s Analysis PDRDX

Will PDRDX outperform in the 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.

A manager departs while portfolio changes lean on the hands-on approach.

Analyst Vedran Beogradlija

Vedran Beogradlija

Analyst

Summary

The recent manager departure stretches the capabilities of the team guiding Principal Diversified Real Asset. At the same time, recent portfolio changes raise concerns about the increasingly tactical approach.

by Vedran Beogradlija
Rated on 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 32.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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Dracay Corecommodity - 30

5.11 128M
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Global X US Infrastructure Dev ETF

3.08 77M
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Welltower Inc

2.12 53M
Real Estate

Dracay Paa Tactical

1.99 50M
—

Equinix Inc

1.61 40M
Real Estate

Principal Government Money Market R-6

1.61 40M
—

Aena SME SA

1.39 35M
Industrials

Entergy Corp

1.27 32M
Utilities

Williams Companies Inc

1.09 27M
Energy

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