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PRDPX Principal Diversified Real Asset P

  • Fund
  • PRDPX
  • Price as of: Dec 09, 2016
  • $11.01
  • - $0.01
  • - 0.09%
  • Category
  • Diversified Portfolio

PRDPX - Profile

Vitals

  • YTD Return 5.4%
  • 3 Yr Annualized Return -1.9%
  • 5 Yr Annualized Return 1.0%
  • Net Assets $3.77 B
  • Holdings in Top 10 21.5%

52 WEEK LOW AND HIGH

$11.01
$9.50
$11.22

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.14%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 77.60%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return 5.4%
  • 3 Yr Annualized Total Return -1.9%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.78%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Principal Diversified Real Asset Fund
  • Fund Family Name Principal Funds
  • Inception Date Sep 27, 2010
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Kelly A. Grossman

Fund Description

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. The fund seeks to achieve its investment objective by allocating its assets among general investment categories related to real assets and real asset companies (which include tangible assets and investments that are expected to perform well in periods of high inflation).

PRDPX - Performance

Return Ranking - Trailing

Period PRDPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.4% -66.0% 23.3% 42.10% 3
1 Yr 1.6% -37.1% 45.9% 73.87% 4
3 Yr -1.9% * -13.0% 11.8% 92.88% 5
5 Yr 1.0% * -11.0% 13.7% 93.88% 5
10 Yr N/A * -5.5% 8.1% N/A N/A

* Annualized


Return Ranking - Calendar

Period PRDPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -13.2% -37.7% 48.7% 80.98% 5
2014 0.3% -59.3% 14.8% 39.58% 3
2013 3.0% -17.5% 36.4% 65.92% 4
2012 3.6% -16.2% 18.4% 76.56% 5
2011 -2.2% -30.5% 7.4% 37.22% 3

Total Return Ranking - Trailing

Period PRDPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.4% -65.8% 32.0% 58.45% 3
1 Yr 1.6% -40.3% 73.2% 56.37% 3
3 Yr -1.9% * -14.0% 28.2% 92.62% 5
5 Yr 1.0% * -11.4% 13.7% 92.88% 5
10 Yr N/A * -5.5% 8.1% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period PRDPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -12.6% -29.3% 50.4% 91.86% 5
2014 2.4% -54.8% 25.4% 75.57% 4
2013 5.6% -16.7% 57.2% 78.33% 4
2012 8.2% -16.2% 74.5% 82.72% 5
2011 0.6% -25.3% 15.8% 42.41% 3

NAV & Total Return History

PRDPX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

PRDPX Category Low Category High PRDPX % Rank Quintile
Net Assets 3.77 B 81.4 K 100 B 2.74% 1
Number of Holdings 639 1 12494 4.44% 1
Net Assets in Top 10 592 M -654 M 20.2 B 6.27% 2
Weighting of Top 10 21.5% 0.2% 816.2% 25.08% 4

Top 10 Holdings

  1. Dra Cayman Corporation 10.50%
  2. 90day Euro$ Futr Sep18 2.15%
  3. US Treasury Note 1.64%
  4. US Treasury Note 1.20%
  5. US Treasury Note 1.07%
  6. US Treasury Note 1.03%
  7. Us 2yr Note (Cbt) Dec16 1.00%
  8. 1.463% Interest Rate Swaption 0.96%
  9. 1.463% Interest Rate Swaption 0.96%
  10. US Treasury TIP 0.96%

Asset Allocation

Weighting Category Low Category High PRDPX % Rank Quintile
Stocks
47.47% -49.32% 151.04% 17.63% 3
Bonds
32.29% -41.48% 861.65% 18.18% 3
Convertible Bonds
10.50% 0.00% 33.12% 0.59% 1
Cash
10.29% -794.77% 139.25% 10.89% 2
Preferred Stocks
0.00% -0.92% 35.22% 8.74% 5
Other
-0.56% -15.48% 99.72% 18.76% 5

Stock Sector Breakdown

Weighting Category Low Category High PRDPX % Rank Quintile
Energy
13.82% -2.68% 33.46% 0.84% 1
Real Estate
10.53% -8.01% 48.98% 1.67% 1
Basic Materials
6.94% -1.82% 21.85% 1.16% 1
Utilities
5.15% -7.18% 47.20% 1.44% 1
Industrials
4.25% -4.02% 48.84% 15.92% 4
Consumer Cyclical
2.49% -6.02% 54.37% 19.92% 4
Consumer Defense
2.23% -4.74% 27.69% 16.67% 4
Communication Services
1.61% -2.53% 27.16% 10.07% 3
Technology
0.29% -8.03% 70.04% 25.26% 5
Healthcare
0.16% -1.46% 29.90% 24.47% 5
Financial Services
0.00% -5.07% 69.58% 25.81% 5

Stock Geographic Breakdown

Weighting Category Low Category High PRDPX % Rank Quintile
US
27.72% -97.12% 148.25% 20.64% 4
Non US
19.75% -2.98% 150.26% 6.32% 1

Bond Sector Breakdown

Weighting Category Low Category High PRDPX % Rank Quintile
Corporate
27.68% 0.00% 90.42% 6.59% 2
Government
15.12% -91.64% 806.44% 9.20% 2
Cash & Equivalents
9.97% -794.84% 138.37% 11.30% 2
Securitized
0.00% -0.01% 40.54% 23.52% 5
Municipal
0.00% 0.00% 91.28% 7.46% 4
Derivative
0.00% -84.53% 32.28% 3.16% 2

Bond Geographic Breakdown

Weighting Category Low Category High PRDPX % Rank Quintile
US
30.37% -154.38% 699.68% 14.51% 3
Non US
1.92% -57.44% 198.64% 20.73% 4

PRDPX - Expenses

Operational Fees

PRDPX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.14% 0.00% 165.34% 13.83% 3
Management Fee 0.81% 0.00% 2.55% 2.20% 5
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.83% N/A N/A

Sales Fees

PRDPX Fees (% of AUM) Category Low Category High PRDPX Rank Quintile
Front Load N/A 0.14% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

PRDPX Fees (% of AUM) Category Low Category High PRDPX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PRDPX Fees (% of AUM) Category Low Category High PRDPX Rank Quintile
Turnover 77.60% 0.00% 5609.00% 8.40% 4

PRDPX - Distributions

Dividend Yield Analysis

PRDPX Category Low Category High PRDPX % Rank Quintile
Dividend Yield 0.2% 0.00% 11.33% 38.72% 3

Dividend Distribution Analysis

PRDPX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PRDPX Category Low Category High PRDPX % Rank Quintile
Net Income Ratio 1.78% -2.96% 9.94% 11.63% 2

Capital Gain Distribution Analysis

PRDPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

PRDPX - Managers

Kelly A. Grossman

Manager

Start Date

Mar 16, 2010

Tenure

6.72

Tenure Rank

3.0%

Kelly A. Grossman joined the Principal Financial Group in 1991. She is a Senior Product Manager at Principal and a member of the Principal Funds Investment Committee. Ms. Grossman earned a B.A. in Mathematics and Computer Science from the University of Northern Iowa. She is a fellow of the Society of Actuaries and a member of the American Academy of Actuaries.


Jake S. Anonson

Manager

Start Date

Mar 07, 2014

Tenure

2.74

Tenure Rank

5.3%

Jake S. Anonson joined the Principal Financial Group in 2012. He worked at Miles Capital from 2010 – 2012. Prior to that, Mr. Anonson worked at Principal Financial Group. Mr. Anonson is a Senior Portfolio Strategist for Principal and a member of the Principal Funds Investment Committee. He is responsible for conducting research, assessing risk, and making relative value recommendations relating to the equity component of the Principal Portfolio Construction StrategiesSM (Global Diversified Income Fund, Diversified Real Asset Fund, and Global Multi-Strategy Fund). Mr. Anonson earned a BA and BS from the University of Northern Iowa and a MBA from Iowa State University. Mr. Anonson has earned the right to use the Chartered Financial Analyst.


Jessica S. Bush

Manager

Start Date

Mar 07, 2014

Tenure

2.74

Tenure Rank

5.3%

Jessica S. Bush joined the Principal Financial Group in 2006. Ms. Bush is an Investment Strategist for Principal and a member of Principal Funds Investment Committee. She is responsible for the manager selection, oversight, and asset allocation decisions for the Principal Portfolio Construction StrategiesSM (Global Diversified Income Fund, Diversified Real Asset Fund, and Global Multi-Strategy Fund). Previously Ms. Bush was a Sr. Research Analyst responsible for analyzing, interpreting and coordinating investment performance data and evaluation of the investment managers under the due diligence program that monitors investment managers used by the Principal Funds. Ms. Bush earned a B.A. in Business Administration from the University of Michigan. She has earned the right to use the Chartered Financial Analyst designation.


Marcus W. Dummer

Manager

Start Date

Mar 07, 2014

Tenure

2.74

Tenure Rank

5.3%

Marcus W. Dummer joined the Principal Financial Group in 2003. Mr. Dummer is a Senior Portfolio Strategist for Principal and a member Principal Funds Investment Committee. He is responsible for conducting research, assessing risk, and making relative value recommendations relating to the fixed-income component of the Principal Portfolio Construction StrategiesSM (Global Diversified Income Fund, Diversified Real Asset Fund, and Global Multi-Strategy Fund). Mr. Dummer earned a Bachelor’s degree in Finance and an M.B.A. from the University of Utah.


Benjamin E. Rotenberg

Manager

Start Date

Mar 07, 2014

Tenure

2.74

Tenure Rank

5.3%

Benjamin E. Rotenberg joined the Principal Financial Group in 2014. Prior to that, he served as a Managing Director with Cliffwater LLC. Mr. Rotenberg is a Senior Portfolio Strategist for Principal and a member Principal Funds Investment Committee. In this role, he is responsible for risk assessment within the alternative strategies as well as supporting the portfolio decision making process for the Principal Portfolio Construction StrategiesSM (Global Diversified Income Fund, Diversified Real Asset Fund, and Global Multi-Strategy Fund). He earned a Bachelor’s degree in International Relations and Russian from Pomona College. Mr. Rotenberg has earned the right to use the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

35.9

Category Average

5.47

Category Mode

1.9