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Investment Type: pifretail

Diversified Real Asset Fund (A) (PRDAX)

Portfolio Composition

  as of 02/29/2024
   What's this?

Asset Type Net Short Long Non-U.S. Stocks 44.44% 0.0%   44.44%   U.S. Stocks 36.0% 0.21%   36.21%   U.S. Bonds 15.48% 2.37%   17.85%   Cash 3.52% 1.36%   4.88%   Non-U.S. Bonds 0.48% 0.14%   0.63%   Other 0.07% 0.0%   0.07%   Total 99.99%

Top 10 Holdings   as of 02/29/2024    What's this? % of Net Assets Dracay Corecommodity - 30 7.74 Dracay Wellington 6.84 Principal Government Money Market R-6 2.20 Vanguard Real Estate ETF 1.37 National Grid PLC 1.27 Enbridge Inc 1.15 NextEra Energy Inc 1.13 Aena SME SA 1.10 Prologis Inc 1.10 Equinix Inc 1.05 Total*: 24.96 *Values may exceed 100% if both long and short positions are included in the portfolio View Full Portfolio Holdings

Morningstar Style Box™   as of 02/29/2024    What's this?

Stock Sector Breakdown   as of 02/29/2024    What's this? % of Net Assets Cyclical 42.76 Basic Materials 6.70 Consumer Cyclical 1.69 Financial Svcs 0.27 Real Estate 34.10 Defensive 26.95 Consumer Defensive 1.19 Healthcare 0.60 Utilities 25.16 Sensitive 30.30 Comm Svcs 0.34 Energy 16.31 Industrials 12.25 Technology 1.40

Analysis   as of 02/29/2024 Average Market Cap (mil): $19,183.09 Price/Earnings Ratio: 17.57 Price/Book Ratio: 1.62 Price/Cash Flow Ratio: 8.30 Turnover Ratio: 72.40% # Stock Holdings: 312 # Bond Holdings: 394 # Other Holdings: 60 Total # of Holdings: 766

© 2024 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Investment options are subject to investment risk. Shares or unit values will fluctuate and investments, when redeemed, may be worth more or less than their original cost. Portfolio holdings are subject to change and companies referenced in this report may not currently be held. Information is current as of the creation of this piece. Keep in mind that portfolio holdings are subject to risk. Click here for a complete list of the most recent publicly available holdings. The full name of this investment option is Principal Diversified Real Asset Fund (A). Investors should carefully consider a fund's investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting principalfunds.com, or calling 800-222-5852. Read the prospectus carefully before investing. Principal Funds are distributed by Principal Funds Distributor, Inc. Not FDIC Insured May Lose Value - Not a Deposit - No Bank Guarantee Not Insured by any Federal Government Agency

Effective January 1, 2022, the Diversified Real Asset Index (Linked) blend is 15% Bloomberg U.S. Treasury TIPS Index, 30% S&P Global Infrastructure Index, 15% S&P Global Natural Resources Index, 15% Bloomberg Commodity Index, and 25% FTSE EPRA/NAREIT Developed Markets Index. Prior to January 1, 2022, the blend consisted of 35% Bloomberg U.S. Treasury TIPS Index, 20% S&P Global Infrastructure Index, 20% S&P Global Natural Resources Index, 15% Bloomberg Commodity Index, and 10% FTSE EPRA/NAREIT Developed Markets Index. Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Neither the principal of bond investment options nor their yields are guaranteed by the U.S. or any other government entity. Concentrating investments in natural resources industries can be affected significantly by events relating to those industries, such as variations in the commodities markets, weather, disease, embargoes, international, political and economic developments, the success of exploration projects, tax and other government regulations and other factors. Investment in derivatives entails specific risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. REIT securities are subject to risk factors associated with the real estate industry and tax factors of REIT registration. The risks associated with derivative investments include that the underlying security, interest rate, market index, or other financial asset will not move in the direction the Investment Adviser and/or Sub-Advisor anticipated, the possibility that there may be no liquid secondary market, the risk that adverse price movements in an instrument can result in a loss substantially greater than a fund's initial investment, the possibility that the counterparty may fail to perform its obligations; and the inability to close out certain hedged positions to avoid adverse tax consequences.