PGDSX: Principal Diversified Real Asset R4

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PGDSX Principal Diversified Real Asset R4


Profile

PGDSX - Profile

Vitals

  • YTD Return -19.1%
  • 3 Yr Annualized Return -5.6%
  • 5 Yr Annualized Return N/A
  • Net Assets $2.98 B
  • Holdings in Top 10 19.3%

52 WEEK LOW AND HIGH

$9.43
$8.41
$11.87

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.20%

SALES FEES

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

BROKERAGE FEES

  • Turnover 71.50%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Distributions

  • YTD Total Return -19.1%
  • 3 Yr Annualized Total Return -5.6%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.36%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Principal Diversified Real Asset Fund
  • Fund Family Name
    Principal Funds
  • Inception Date
    Mar 29, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kelly Grossman

Fund Description

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 and timber, commodities, real estate, inflation-indexed bonds, and floating rate debt.


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Categories

Performance

PGDSX - Performance

Return Ranking - Trailing

Period PGDSX Return Category Return Low Category Return High Rank in Category (%)
YTD -19.1% -42.6% 8.7% 89.32%
1 Yr -17.1% -43.4% 22.6% 79.13%
3 Yr -5.6%* -19.2% 10.6% 70.65%
5 Yr N/A* -15.4% 6.9% 48.76%
10 Yr N/A* -5.8% 9.7% N/A

* Annualized

Return Ranking - Calendar

Period PGDSX Return Category Return Low Category Return High Rank in Category (%)
2019 12.5% -5.5% 25.7% 42.61%
2018 -11.0% -32.7% 10.9% 43.90%
2017 7.8% -3.7% 19.3% 50.25%
2016 N/A -43.7% 16.1% N/A
2015 N/A -19.4% 6.0% N/A

Total Return Ranking - Trailing

Period PGDSX Return Category Return Low Category Return High Rank in Category (%)
YTD -19.1% -42.6% 8.7% 89.32%
1 Yr -17.1% -43.4% 22.6% 79.70%
3 Yr -5.6%* -19.2% 10.6% 86.24%
5 Yr N/A* -15.4% 7.1% 81.59%
10 Yr N/A* -5.8% 9.7% N/A

* Annualized

Total Return Ranking - Calendar

Period PGDSX Return Category Return Low Category Return High Rank in Category (%)
2019 12.5% -5.5% 25.7% 43.18%
2018 -11.0% -32.7% 10.9% 72.65%
2017 7.8% -3.7% 22.1% 72.74%
2016 N/A -43.7% 20.7% N/A
2015 N/A -16.4% 8.0% N/A

NAV & Total Return History


Holdings

PGDSX - Holdings

Concentration Analysis

PGDSX Category Low Category High PGDSX % Rank
Net Assets 2.98 B 3.96 M 95.5 B 21.18%
Number of Holdings 1315 4 4602 16.94%
Net Assets in Top 10 497 M -11.7 B 23 B 41.86%
Weighting of Top 10 19.25% 4.9% 100.0% 81.98%

Top 10 Holdings

  1. Dracay Credit Suisse - 30 8.77%
  2. Future on Euro Schatz Future Dec 19 1.80%
  3. 2 Year Treasury Note Future June 20 1.72%
  4. RECV CME INTEREST RATE SW_Receive 1.54%
  5. PAYB CME INTEREST RATE SW_Pay 1.18%
  6. United Utilities Group PLC 0.92%
  7. 2 Year Interest Rate Swap 0.88%
  8. Ultra 10 Year US Treasury Note Future June 20 0.84%
  9. Transurban Group 0.83%
  10. Enbridge Inc 0.78%

Asset Allocation

Weighting Return Low Return High PGDSX % Rank
Stocks
52.43% 0.00% 80.06% 56.92%
Bonds
29.73% -1244.78% 179.84% 62.35%
Cash
9.08% -106.59% 1319.41% 17.94%
Other
8.77% -7.95% 62.97% 6.42%
Preferred Stocks
0.00% 0.00% 33.71% 81.28%
Convertible Bonds
0.00% 0.00% 71.52% 94.80%

Stock Sector Breakdown

Weighting Return Low Return High PGDSX % Rank
Utilities
28.61% 0.00% 71.13% 0.56%
Real Estate
20.19% 0.00% 90.70% 7.91%
Basic Materials
15.68% 0.00% 15.68% 0.22%
Energy
15.55% 0.00% 41.94% 2.23%
Industrials
13.41% 0.00% 23.34% 10.69%
Consumer Cyclical
2.91% 0.00% 25.82% 94.99%
Consumer Defense
1.98% 0.00% 22.18% 94.99%
Technology
0.88% 0.00% 36.56% 96.44%
Healthcare
0.41% 0.00% 34.26% 96.55%
Communication Services
0.32% 0.00% 38.92% 98.55%
Financial Services
0.06% 0.00% 34.17% 97.10%

Stock Geographic Breakdown

Weighting Return Low Return High PGDSX % Rank
Non US
30.40% -1.59% 36.97% 5.20%
US
22.03% -5.64% 61.27% 76.97%

Bond Sector Breakdown

Weighting Return Low Return High PGDSX % Rank
Government
36.49% 0.00% 86.03% 27.91%
Cash & Equivalents
31.73% -3.64% 100.00% 10.85%
Corporate
20.37% 0.00% 97.52% 76.63%
Derivative
5.96% -0.04% 71.78% 18.05%
Securitized
5.45% 0.00% 64.61% 83.61%
Municipal
0.00% 0.00% 31.37% 78.07%

Bond Geographic Breakdown

Weighting Return Low Return High PGDSX % Rank
US
24.73% -1276.32% 97.03% 57.59%
Non US
5.00% -273.52% 82.81% 57.59%

Expenses

PGDSX - Expenses

Operational Fees

PGDSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.20% 0.01% 22.24% 33.15%
Management Fee 0.80% 0.00% 1.90% 84.94%
12b-1 Fee 0.10% 0.00% 1.00% 15.73%
Administrative Fee N/A 0.01% 0.47% 3.50%

Sales Fees

PGDSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PGDSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

PGDSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 71.50% 0.00% 447.00% 76.11%

Distributions

PGDSX - Distributions

Dividend Yield Analysis

PGDSX Category Low Category High PGDSX % Rank
Dividend Yield 0.00% 0.00% 13.53% 33.44%

Dividend Distribution Analysis

PGDSX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

PGDSX Category Low Category High PGDSX % Rank
Net Income Ratio 2.36% -0.95% 6.49% 27.34%

Capital Gain Distribution Analysis

PGDSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Monthly Annually

Dividend Payout History

View More +

Fund Manager Analysis

PGDSX - Fund Manager Analysis

Managers

Kelly Grossman


Start Date

Tenure

Tenure Rank

Mar 16, 2010

10.05

10.1%

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.

Marcus Dummer


Start Date

Tenure

Tenure Rank

Mar 07, 2014

6.07

6.1%

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.

Jake Anonson


Start Date

Tenure

Tenure Rank

Mar 07, 2014

6.07

6.1%

Jake S. Anonson initially joined the Principal Financial Group in 1998 and re-joined Principal® in 2012 after working at Miles Capital from 2010-2012. Mr. Anonson is responsible for the asset allocation and manager selection for Principal Portfolio StrategiesSM. Mr. Anonson earned a bachelor’s degree in Finance and Economics from the University of Northern Iowa and an M.B.A. from Iowa State University. He has earned the right to use the Chartered Financial Analyst designation.

Jessica Bush


Start Date

Tenure

Tenure Rank

Mar 07, 2014

6.07

6.1%

Jessica S. Bush joined Principal® in 2006. Ms. Bush is responsible for the asset allocation and manager selection for Principal Portfolio StrategiesSM. Ms. Bush earned a bachelor’s degree in Business Administration from the University of Michigan. She has earned the right to use the Chartered Financial Analyst designation.

Benjamin Rotenberg


Start Date

Tenure

Tenure Rank

Mar 07, 2014

6.07

6.1%

Benjamin E. Rotenberg joined Principal® in 2014. Prior to that, he was employed at Cliffwater LLC as a Managing Director from 2007-2014. Mr. Rotenberg is responsible for the asset allocation and manager selection for Principal Portfolio StrategiesSM. Mr. Rotenberg earned a bachelor’s degree in International Relations and Russian from Pomona College. He has earned the right to use the Chartered Financial Analyst and the Chartered Alternative Investment Analyst designations.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 28.27 6.04 0.25