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Investment Type: pifretail

Diversified Real Asset Fund (A) (PRDAX)

Quick Facts Ticker: PRDAX Inception Date: 03/16/2010 Morningstar Category: Global Moderate Allocation Total Net Assets (mil): $2,444.20	Investment Strategy    What's this? 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, real estate, inflation-indexed bonds, and floating rate debt.
Morningstar Style Box™   as of 03/31/2025    What's this?	Overall Morningstar Star Rating™   as of 04/30/2025    What's this? Out of 453 Global Moderate Allocation Funds Morningstar's Star Ratings reflect risk adjusted performance and are derived from a weighted average of the performance figures associated with its three, five, and ten-year (if applicable) time periods.

Total Returns

Returns shown for periods of less than one year are not annualized. All returns displayed here are after Total Investment Expense of the investment option.

The Year-to-Date Change represents an unannualized rate of return (change in value) since the start of the year. All returns shown here are after the Total Investment Expense of the investment option.

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 fund. Performance when shown reflects the application of net expenses of the fund.

Where gross and net expense ratios differ, the investment adviser has contractually agreed to limit the investment option's expenses. Differences also may be due to the investment adviser's decision to pay (through the same dates) certain expenses that would normally be payable by the fund.

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. For more performance information, including the most recent month-end performance, visit principal.com.

Month-End | Quarter-End

Average Annual Total Returns as of 04/30/2025

1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since      Inception* Excluding Sales Charge % 0.00 1.23 3.14 6.25 -0.35 7.61 2.53 3.75 Including Sales Charge % -3.77 -2.54 -0.69 2.25 -1.61 6.79 2.14 3.49 Diversified Real Asset Index (Linked) % 0.16 2.10 4.90 10.28 1.36 8.26 3.82 --- Global Moderate Allocation Category % 0.16 -1.07 1.40 8.64 5.64 7.97 4.90 --- Morningstar Percentile Rankings** --- --- --- 92 99 53 98 --- # of Funds in Category 462 462 462 460 453 423 321 ---

* Inception Date: 03/16/2010

**Morningstar percentile rankings are based on total returns and do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.

Expenses   as of 04/30/2025 Total Investment Expense - Gross: 1.22% Total Investment Expense - Net: 1.22% Contractual Cap Date: 12/30/2025 Maximum Up-front Sales Charge: 3.75% Contingent Deferred Sales Charge: 1.00% 12b-1 Fee: 0.25%

Inv Manager or Sub-Advisor

   What's this?

BlackRock Financial Mgmt, Inc.

Principal Real Estate Inv

Macquarie

Pictet

Principal Global Investors

Nuveen Asset Management

ClearBridge Investments

Newton Investment Management

Impax Asset Management

Wellington Management Company

CoreCommodity Management LLC

Portfolio Managers

   What's this?

Benjamin E. Rotenberg , CFA , CAIA Since 03/07/2014 B.A. , Pomona College

Jessica S. Bush , CFA Since 03/07/2014 B.A. , University of Michigan

May Tong , CFA Since 05/10/2021 B.A./B.S. , Boston College

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