Principal Diversified Real Asset Fund
Overview
Performance
As of 12/31/2025
YTD
14.29%
1-year
14.29%
3-year
6.49%
5-year
5.70%
10-year
5.21%
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Highlights
Dynamic real asset exposure, balanced risk profile, more consistent outcome
- Strategically allocate among real return and real asset securities, beyond TIPS, commodities, and REITs.
- Blends multiple strategies to help mitigate undesired risk; designed to offer real return with lower-than-market volatility.
- Specialist managers within each asset class exploit opportunities and deliver a more consistent real asset outcome.
Fund details
as of
01/07/2026
unless indicated otherwise
Fund ticker
PRDAX
CUSIP
74254V182
Benchmark
Diversified Real Asset Index (Linked)
NAV
$12.38
Total fund assets
$2.41B
Dividend frequency
Quarterly
Minimum investment
$1,000.00
Inception date
03/16/2010
Morningstar category
Global Moderate Allocation
Investment approach
The investment seeks a long-term total return in excess of inflation.
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in investments related to real assets and real asset companies. It allocates its assets among general investment categories related to real assets, which include tangible assets and investments that are expected to perform well in periods of rising or high inflation, such as the following: infrastructure, natural resources, commodities, and real estate.
Performance & expenses
As of
12/31/2025
| Name | 1 month | 3 month | YTD | 1-year | 3-year | 5-year | 10-year | Since inception | Overall |
|---|---|---|---|---|---|---|---|---|---|
| Excluding sales charge | -0.07% | 2.48% | 14.29% | 14.29% | 6.49% | 5.70% | 5.21% | 4.26% | — |
| Including sales charge | -3.78% | -1.34% | 10.05% | 10.05% | 5.14% | 4.90% | 4.81% | 4.01% | — |
| Benchmark performance | — | — | — | — | — | — | — | — | — |
| Morningstar category average Global Moderate Allocation |
0.68% | 2.63% | 16.15% | 16.15% | 12.29% | 6.54% | 7.02% | — | — |
| Morningstar percentile rankings | — | — | — | 72 | 99 | 68 | 94 | — | — |
| # of funds in category | 416 | 415 | 414 | 414 | 407 | 394 | 320 | — | 407 |
| Morningstar rating | — | — | — | — | — |
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Returns shown for periods of less than one year are not annualized.
Index performance information: no deductions for fees, expenses or taxes. Indices are unmanaged and individuals cannot invest directly in an index.
| Name | 1 month | 3 month | YTD | 1-year | 3-year | 5-year | 10-year | Since inception | Overall |
|---|---|---|---|---|---|---|---|---|---|
| Excluding sales charge | -0.07% | 2.48% | 14.29% | 14.29% | 6.49% | 5.70% | 5.21% | 4.26% | — |
| Including sales charge | -3.78% | -1.34% | 10.05% | 10.05% | 5.14% | 4.90% | 4.81% | 4.01% | — |
| Benchmark performance | — | — | — | — | — | — | — | — | — |
| Morningstar category average Global Moderate Allocation |
0.68% | 2.63% | 16.15% | 16.15% | 12.29% | 6.54% | 7.02% | — | — |
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Returns shown for periods of less than one year are not annualized.
Index performance information: no deductions for fees, expenses or taxes. Indices are unmanaged and individuals cannot invest directly in an index.
| Data | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Excluding sales charge | 14.29% | 2.67% | 2.92% | -6.57% | 16.95% |
| Including sales charge | 10.05% | -1.16% | -0.95% | -10.10% | 12.56% |
| Morningstar category average Global Moderate Allocation |
16.15% | 8.79% | 12.16% | -13.20% | 12.01% |
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
| Date | Type | Dollar per share |
|---|---|---|
| 12/29/2025 | Income | 0.1614 |
| 09/18/2025 | Income | 0.1931 |
| 06/18/2025 | Income | 0.0844 |
| 03/19/2025 | Income | 0.0300 |
| 12/27/2024 | Income | 0.0459 |
| 09/19/2024 | Income | 0.0470 |
| 06/20/2024 | Income | 0.0803 |
| 03/19/2024 | Income | 0.0530 |
| 12/27/2023 | Income | 0.0616 |
| 09/20/2023 | Income | 0.0575 |
| 06/20/2023 | Income | 0.0707 |
| 03/17/2023 | Income | 0.0461 |
Expense ratio gross
1.23%
Expense ratio net
1.23%
Expense limit expiration date
12/30/2026
Maximum up-front sales charge
3.75%
Contingent deferred sales charge
1.00%
A maximum sales charge of 3.75% may apply for Class A shares. Performance reflects this maximum sales charge when a sales charge is indicated.
In situations where the net and gross fund expense figures are different, the investment manager has contractually agreed to limit the investment option's expense. Differences may also be shown due to the investment manager choosing to pay certain expenses that would normally be payable by the fund. The gross fund expense figure does not reflect any waivers or caps on the mutual fund. Performance shown reflects the application of net expenses of the fund.
Holdings
Top 10
as of
11/30/2025
% of Assets
% of Assets
1.
DRA Cayman Corporation
7.34%
2.
DRA Cayman Corporation
4.56%
3.
DRA Cayman Corporation
3.87%
4.
Welltower Inc
2.21%
5.
Prologis Inc
1.78%
6.
Principal Government Money Mar
1.50%
7.
NextEra Energy Inc
1.37%
8.
Enbridge Inc
1.36%
9.
Global X US Infrastructure Dev
1.28%
10.
Equinix Inc
1.16%
Portfolio management
Jessica Bush, CFA
25 years of experience
Ben Rotenberg, CFA, CAIA
33 years of experience
May Tong, CFA
25 years of experience