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Principal Diversified Real Asset A PRDAX

Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 11.08  /  −0.36 %
  • Total Assets 3.1 Bil
  • Adj. Expense Ratio
    1.210%
  • Expense Ratio 1.210%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Global Allocation
  • Investment Style Mid Blend
  • Credit Quality / Interest Rate Sensitivity
  • Status Open
  • TTM Yield 2.14%
  • Turnover 72%

USD | NAV as of Jun 21, 2024 | 1-Day Return as of Jun 21, 2024, 10:21 PM GMT+0

Morningstar’s Analysis PRDAX

Will PRDAX 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 PRDAX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 30.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Dracay Wellington

11.75 379.9 Mil

Dracay Corecommodity - 30

6.09 196.8 Mil

Principal Government Money Market R-6

3.77 122.0 Mil

Global X US Infrastructure Dev ETF

2.02 65.2 Mil

1 Year Interest Rate Swap Receive

1.39 44.8 Mil
Government

NextEra Energy Inc

1.25 40.5 Mil
Utilities

Vanguard Real Estate ETF

1.10 35.5 Mil

Enbridge Inc

1.10 35.5 Mil
Energy

National Grid PLC

1.03 33.3 Mil
Utilities

Mitsui Fudosan Co Ltd

1.00 32.2 Mil
Real Estate