The team behind the Principal Diversified Real Asset strategy has packed it with 10 different asset classes and 12 individual strategies, which leads to a sprawling portfolio that lacks the focus of peers that invest more deliberately for either total return or inflation sensitivity. This holds the Morningstar Analyst Rating at Neutral for all share classes.
Will PRDAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of PRDAX’s parent organization’s priorities and whether they’re in line with investors’ interests.