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Investment Type: CITFund

Diversified Real Asset CIT-Tier 1

Portfolio Composition

  as of 02/29/2024
   What's this?

Asset Type Net Short Long U.S. Stocks 33.43% 0.0%   33.43%   Non-U.S. Stocks 27.49% 0.0%   27.49%   Cash 16.66% 0.18%   16.84%   U.S. Bonds 16.58% 1.54%   18.12%   Other 4.79% 14.06%   18.85%   Convertibles 1.07% 0.0%   1.07%   Non-U.S. Bonds -0.02% 0.26%   0.24%   Total 100%

Top 10 Holdings   as of 02/29/2024    What's this? % of Net Assets United States Treasury Bills 0.01% 3.30 229181711 Trs Usd P V 01mtbill Usb3mta +25 Bps 2.86 229181711 Trs Usd R E Crbftr Index 2.86 229181710 Trs Usd P V 01mtbill Usb3mta +24 Bps 2.56 229181710 Trs Usd R E Crbftr Index 2.56 Goldman Sachs FS Government Instl 2.32 United States Treasury Bills 0% 2.03 Brent Crude Futures May24 1.81 Vanguard Real Estate ETF 1.55 Wti Crude Future Jul24 Xnym 20240620 1.32 Total*: 23.15 *Values may exceed 100% if both long and short positions are included in the portfolio

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 42.58 Basic Materials 6.71 Consumer Cyclical 1.70 Financial Svcs 0.27 Real Estate 33.90 Defensive 26.90 Consumer Defensive 1.19 Healthcare 0.60 Utilities 25.11 Sensitive 30.51 Comm Svcs 0.34 Energy 16.62 Industrials 12.13 Technology 1.42

Analysis   as of 02/29/2024 Average Market Cap (mil): $19,271.46 Price/Earnings Ratio: 17.58 Price/Book Ratio: 1.63 Price/Cash Flow Ratio: 8.31 Turnover Ratio: 81.00% # Stock Holdings: 306 # Bond Holdings: 412 # Other Holdings: 105 Total # of Holdings: 823

© 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 CIT-Tier 1. Not FDIC Insured May Lose Value - Not a Deposit - No Bank Guarantee Not Insured by any Federal Government Agency

Fees and expenses are only one of several factors that participants and beneficiaries should consider when making investment decisions.  The cumulative effect of fees and expenses can substantially reduce the growth of a participant's or beneficiary's retirement account.  Participants and beneficiaries can visit the Employee Benefit Security Administration's website for an example demonstrating the long-term effect of fees and expenses.

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 Principal Diversified Real Asset Collective Investment Fund (CIT) is a collective investment trust maintained by Principal Global Investors Trust Company, (the Trust Company). The Trust Company has retained Principal Global Investors LLC (the Adviser), to serve as investment adviser with respect to the CIT, subject to the Trust Companys supervision and review. The Adviser is an indirect wholly owned subsidiary of Principal Financial Group, Inc., and is under common control with the Trust Company. The CIT is available only to certain qualified retirement plans and governmental 457(b) plans. 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. The CIT is not a mutual fund and is not registered with the Securities and Exchange Commission, the State of Oregon, or any other regulatory body. Units of the CIT are not deposits or obligations of, guaranteed by, or insured by the Trust Company or any affiliate, and are not insured by the FDIC or any other federal or state government agency. The value of the CIT will fluctuate so that when redeemed, units may be worth more or less than the original cost. The declaration of trust, participation agreement, and disclosure documents contain important information about investment objectives, risks, fees and expenses associated with investment in the CIT and should be read carefully before investing. The declaration of trust is available at principal.com. A copy of the participation agreement can be obtained from your plan administrator.