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Principal Diversified Real Asset Instl PDRDX

Analyst rating as of
NAV / 1-Day Return
13.23  /  0.53 %
Total Assets
4.9 Bil
Adj. Expense Ratio
0.830%
Expense Ratio
0.830%
Fee Level
Below Average
Longest Manager Tenure
12.42 years
Category
Global Allocation
Investment Style
Mid Blend
Credit Quality / Interest Rate Sensitivity
High / Moderate
Status
Open
TTM Yield
6.15%
Turnover
70%

Morningstar’s Fund Analysis PDRDX

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People and Portfolio Changes in Principal Diversified Real Asset; Ratings Unchanged

Senior Analyst

Analyst Note

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Principal Diversified Real Asset recently announced tweaks to its team and approach. Effective the second quarter of 2022 , it will decrease its Treasury Inflation-Protected Securities allocation to 15% from 35%, while increasing its exposure to real asset equities like infrastructure (to 30% from 20%) and real estate (to 25% from 10%) stocks. Additionally, Kelly Grossman and Marc Dummer will step down from the roster and move onto newly created roles within the organization, while May Tong moves into a leadership role on the team. Longtime managers Jessica Bush and Ben Rotenberg remain, and the team has brought on two new analysts over the past year, leaving it well equipped.

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