Morningstar

Principal Diversified Real Asset Fund Class A PRDAX

Morningstar Medalist Rating
Unlock
Medalist Rating as of See Principal Investment Hub
  • NAV / 1-Day Return—  /  —
  • Fund Size$2.5B
  • Adjusted Expense Ratio1.220%
  • Net Expense Ratio1.210%
  • Fee Level: DistributionHigh
  • Share Class TypeFront Load
  • Morningstar CategoryGlobal Moderately Aggressive Allocation
  • Equity Style Box (Funds)Mid Value
  • Fixed-Income Style Box (Funds)—
  • Investment StatusOpen
  • TTM Yield5.35%
  • Turnover Ratio100%

Morningstar’s Analysis PRDAX

Will PRDAX 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 PRDAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PRDAX 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 PRDAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Principal Diversified Real Asset portfolio manager to depart; the strategy is under review.

Analyst Vedran Beogradlija

Vedran Beogradlija

Analyst

Summary

May Tong, a portfolio manager on Principal Diversified Real Asset since May 2021, was removed from the strategy effective Nov. 3, 2026, and will depart the firm by Dec. 31 for an outside opportunity. Tong has been a portfolio manager on the strategy since May 2021. This follows the departure of former portfolio manager Jessica Bush in April 2026.

by Vedran Beogradlija
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PRDAX

More PRDAX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings32.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Dracay Wellington

13.28333M
—

Dracay Corecommodity - 30

5.11128M
—

Global X US Infrastructure Dev ETF

3.0877M
—

Welltower Inc

2.1253M
Real Estate

Dracay Paa Tactical

1.9950M
—

Equinix Inc

1.6140M
Real Estate

Principal Government Money Market R-6

1.6140M
—

Aena SME SA

1.3935M
Industrials

Entergy Corp

1.2732M
Utilities

Williams Companies Inc

1.0927M
Energy

Sponsor Center

Site Index
United States Flag United States

© Copyright 2026 Morningstar, Inc. All rights reserved. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.