Request URL: http://www.principalfunds.com/InvestmentProfiles/index.faces
Investment Type: pifretail

Diversified Real Asset Fund (A) (PRDAX)






Class A | Class C | Class P

Quick Facts


PRDAX
03/16/2010
Conservative Allocation
$3,229.14

Investment Strategy

   What's this?
The investment seeks a long-term total return in excess of inflation. The fund allocates its assets among the following general investment categories: inflation-indexed bonds, securities of real estate companies, commodity index-linked notes, fixed-income securities, securities of natural resource companies, master limited partnerships (MLPs), publicly-listed infrastructure companies, floating rate debt, securities of global agriculture companies, and securities of global timber companies. It concentrates its investments (invests more than 25% of its net assets) in securities in the real estate and energy/natural resources industries.




Morningstar Style Box™

  as of 10/31/2014
What's this?
Investment Style
Stylebox Market Capitalization
Investment Style
Stylebox Market Capitalization

Overall Morningstar Star Rating™

  as of 11/30/2014
What's this?

Out of 560 Conservative Allocation Funds

StarRating

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



Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed, may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.

Where gross and net expense ratios differ, Principal Management Corporation has contractually agreed to limit the investment option's expenses. Differences also may be due to Principal Management Corporation's decision to pay (through the same dates) certain expenses that would normally be payable by the fund. Returns displayed are based on net total investment expense.


Month-End | Quarter-End
Average Annual Total Returns as of 11/30/2014
1 Month3 MonthYTD1 Year3 Year5 Year10 YearSince     
Inception*
Excluding Sales Charge % -1.10 -4.93 4.16 5.41 5.37 --- --- 6.71
Including Sales Charge % -4.79 -8.47 0.24 1.45 4.04 --- --- 5.85
Diversified Real Asset Custom Index % -0.68 -3.73 5.83 7.04 6.46 --- --- ---
Conservative Allocation Category % 0.49 -0.49 4.98 5.66 7.61 7.20 5.12 ---
Morningstar Percentile Rankings** --- --- --- 59 84 --- --- ---
# of Funds in Category 756 755 722 712 560 456 251 ---
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 12/08/2014
Total Investment Expense - Gross: 1.47%
Total Investment Expense - Net: 1.25%
Waiver Date: 12/31/2014
Contractual Cap Date: 12/31/2014
Maximum Up-front Sales Charge: 3.75%
Contingent Deferred Sales Charge: 1.00%
12b-1 Fee: 0.25%



Growth of $10,000

   What's this?

Flash Player is required We've recently updated our site to use Adobe Flash Player 9.0.115 or higher. To use this application you need to install the Adobe Flash Player plug-in for your browser using the link below.

Get Adobe Flash player



Represents performance for Class A shares adjusted for the maximum sales charge and assumes the reinvestment of distributions.

Performance assumes reinvestment of all dividends and capital gains. Extended performance is calculated based on the historical performance of the investment option's oldest share class, adjusted for the fees and expenses of the share class shown. Periods of less than one year are not annualized.



Inv Manager or Sub-Advisor

   What's this?
BlackRock Financial Mgmt, Inc.

Credit Suisse

Jennison Associates, LLC

Principal Real Estate Inv

Tortoise Capital Advisors, LLC

Brookfield Investment Mgmt Inc

Symphony Asset Management LLC



Portfolio Managers

   What's this?
Kelly A. Grossman
Since 03/16/2010
B.A. , University of Northern Iowa

James W. Fennessey , CFA
Since 03/07/2014
B.S. , Truman State University

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

Marcus W. Dummer
Since 03/07/2014
M.B.A. , University of Utah

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

Jake S. Anonson , CFA
Since 03/07/2014
M.B.A. , Iowa State University






Morningstar
© 2014 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.

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, Inc. is distributed by Principal Funds Distributor, Inc., member of the Principal Financial Group®. Principal Funds Distributor, Principal Shareholder Services, Principal Management Corporation and its affiliates, and Principal Funds, Inc. are collectively referred to as Principal Funds.

Not FDIC Insured
May Lose Value - Not a Deposit - No Bank Guarantee
Not Insured by any Federal Government Agency

Diversified Real Asset Custom Index is composed of 15% Barclays U.S. Treasury TIPS Index, 15% Bloomberg Commodity Index, 14% Tortoise MLP Index, 18% Dow Jones Brookfield Global Infrastructure Index, 16% S&P Leveraged Loan 100 Index, 9% FTSE EPRA/NAREIT Developed Index, 5% S&P Global Timber and Forestry Index, 5% S&P Commodity Producers Agribusiness Index and 3% blend of 60% MSCI World Energy Sector Index NR and 40% MSCI World Materials Sector Index NR. The blended index historic returns reflect the allocation as of the time of production. Previous allocation changes are not restated.

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. An MLP that invests in a particular industry (e.g., oil and gas) may be harmed by detrimental economic events within that industry. As partnerships, MLPs may be subject to less regulation (and less protection for investors) under state laws than corporations. In addition, MLPs may be subject to state taxation in certain jurisdictions, which may reduce the amount of income paid by an MLP to its investors.

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.