Morningstar

Principal Diversified Real Asset Fund Class A PRDAX

Morningstar Medalist Rating
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Medalist Rating as of See Principal Investment Hub
  • NAV / 1-Day Return $13.05  /  +0.69 %
  • Fund Size $2.5B
  • Adjusted Expense Ratio 1.220%
  • Net Expense Ratio 1.200%
  • Fee Level: Distribution High
  • Share Class Type Front Load
  • Morningstar Category Global Moderate Allocation
  • Equity Style Box (Funds) Mid Value
  • Fixed-Income Style Box (Funds) —
  • Investment Status Open
  • TTM Yield 5.52%
  • Turnover Ratio 86%
NAV and 1-Day Return as of

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.

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 PRDAX

More PRDAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 31.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
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Industrials

Entergy Corp

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Utilities

Principal Government Money Market R-6

1.34 35M
—

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Energy

iShares Global Infrastructure ETF

1.09 29M
—

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