Principal Diversified Select Real Asset Fund (A)
(as of )
(as of )
(as of )
(as of )
|$ NAV||$ Chg||1 Day Return|
|27.07 27.07 27.07 27.07||0.13 0.13 0.13 0.13||N/A N/A N/A N/A|
Average Annual Total Returns (%)
(as of )
(as of )
(as of )
(as of )
|3 mo||YTD||1 yr||3 yr||5 yr||10 yr||Since
|-4.05 -1.07 -9.55 -6.77||-2.03 0.58 -7.64 -5.19||3.11 4.28 -2.81 -1.73||5.84 6.91 3.77 4.83||N/A N/A N/A N/A||N/A N/A N/A N/A||5.87 6.60 3.81 4.58|
|Contractual Cap||Waiver Exp.
Interval FundThe Fund is structured as an interval fund. It conducts quarterly repurchase offers of no less than 5% and no more than 25% of the Fund’s outstanding shares at net asset value (“NAV”). Repurchase offers of more than 5% are made solely at the discretion of the Fund’s Board of Trustees, and investors should not rely on any expectation of repurchase offers being made in excess of 5%.
Investment Strategy What's This?Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in real assets and real asset companies. Real assets include, without limitation, investments related to real estate, agriculture, infrastructure, energy, natural resources, and timber. Real asset companies include companies that primarily own, explore, mine, process or otherwise develop real assets. The Fund invests in real assets and real asset companies directly, and indirectly through other entities, including private institutional investment funds ("Private Funds") that pursue these strategies.
Total Returns What's This?
|Average Annual Total Returns
|Excluding Sales Charge %||2.65||-1.07||0.58||4.28||6.91||N/A||N/A||6.60|
|Including Sales Charge %||-3.25||-6.77||-5.19||-1.73||4.83||N/A||N/A||4.58|
|Average Annual Total Returns
|Excluding Sales Charge %||-4.57||-4.05||-2.03||3.11||5.84||N/A||N/A||5.87|
|Including Sales Charge %||-10.05||-9.55||-7.64||-2.81||3.77||N/A||N/A||3.81|
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.
|Calendar Year Total Returns||2020||2021|
|Excluding Sales Charge %||0.02||0.14|
|Including Sales Charge %||-0.04||0.08|
Distribution History What's This?
Risk and Return Statistics
as of N/A
Alpha - The difference between an investment's actual returns and its expected performance, given its level of risk (as measured by beta).
Beta - An investment's sensitivity to market movements.
R-Squared - Ranges from 0 to 100 and reveals how closely an investment's returns track those of a benchmark index.
Standard Deviation - Measures how much an investment's returns are likely to fluctuate.
Mean - Represents the annualized total return for a fund over 3 years.
Sharpe Ratio - Measures how an investment balances risks and rewards. The higher the Sharpe ratio, the better the investment's historical risk-adjusted performance.
Excess Return - The difference between an investment option's return and the return of an external standard such as a passive index.
Tracking Error - Also known as "excess risk", is defined as the standard deviation or volatility of excess returns.
Information Ratio - A risk-adjusted measure commonly used to evaluate an active manager's involvement skill. It's defined as the manager's excess return divided by the variability or standard deviation of the excess return.
Sector Allocations as of What's This?
Top Allocations as of What's This?
Includes, but is not limited to, unsettled activity from creation/redemption transactions and portfolio security trades and accrued interest.
Values may exceed 100% if both long and short positions are included in the portfolio.
Holdings subject to change.
To learn more about how our defined approach embraces the breadth of the private and public real asset universe to help provide investors with enhanced current yield potential, enhanced risk-adjusted returns and more resilient market cycle performance, visit our Principal Diversified Select Real Asset Fund resource page.
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Principal Diversified Select Real Asset Fund (A) Overview
Risks and Important Information
Performance data quoted represents past performance. Past performance is no guarantee of future results and investment returns, and principal value of the Fund will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted.
Investors should carefully consider a fund’s investment objectives, risks, charges, and expenses prior to investing
A Shares - Maximum up-front sales charge of 5.75% may apply. See the prospectus for details.
Returns shown for periods of less than one year are not annualized. Returns displayed reflect the application of net total investment expense.
The distribution rate is calculated by annualizing the most recent quarterly distribution per share and dividing by the NAV as of the reporting date. The Fund's distribution policy is to make quarterly distributions to shareholders. The level of quarterly distributions (including any return of capital) is not fixed. The Fund's distribution amounts are determined based on the cash distributions received from the underlying investments less applicable expenses. Shareholders should not assume that the source of a distribution from the Fund is net profit. A portion of the distributions consist of a return of capital based on the character of the distributions received from the underlying holdings. If a distribution includes anything other than net investment income, the Fund provides a Section 19(a) notice of the best estimate of its distribution sources at that time. These estimates may not match the final tax characterization (for the full year's distributions) contained in shareholders' 1099-DIV forms after the end of the year. There is no assurance that the Company will continue to declare distributions or that they will continue at these rates.
Principal Diversified Select Real Asset Fund is a closed-end investment company that continuously offers its shares. Investors in a closed-end fund do not have the right to redeem their shares on a daily basis at a price based on NAV per share. There is no secondary market for the Shares, and the Fund does not expect a secondary market will develop. You may not be able to sell your Shares when and/or in the amount that you desire.
The Fund is structured as an interval fund, which means it conducts quarterly repurchase offers of no less than 5% of the Fund’s outstanding shares at Net Asset Value (“NAV”). Investors should not rely on any expectation of repurchase offers being made in excess of 5%.
Investors should consider the Fund’s shares illiquid. The ability of investors to sell shares to access their invested capital is very limited.
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 mutual fund. Performance shown reflects the application of net expenses of the fund.
Average Annual Total Return at Maximum Offering Price (MOP): The highest price that may be charged for purchases of fund shares, including the maximum front end sales charge. Returns include the reinvestment of dividends and capital gains distributions at NAV as of previous month end or previous quarter end.
Principal Diversified Select Real Asset Fund is distributed by Principal Funds Distributor, Inc. Principal Global Investors is the Investment Adviser to the Fund.
Investment Risks: Real estate investment options are subject to risks associated with credit, liquidity, interest rate fluctuation, adverse general and local economic conditions, and decreases in real estate values and occupancy rates. Investments in companies involved in agriculture, infrastructure, natural resources and energy can be significantly affected by government policies, regulations, interest costs, surplus capacity, weather conditions, and natural disasters. Investing in derivatives entails specific risks relating to liquidity, leverage, and credit, which may reduce returns and/or increase volatility. The use of leverage increases investment exposure and has the potential to magnify losses. International and global investing involves greater risks such as currency fluctuations, political/social instability and differing accounting standards. Risk is magnified in emerging markets, which may lack established legal, political, business or social structures to support securities markets. Fixed-income investments are subject to interest rate risk; as interest rates rise their value will decline. Floating rate debt instruments are subject to credit risk, interest rate risk, and impaired collateral risk, which means that the value of the collateral used to secure a loan held by the fund could decline over the course of the loan. Lower-rated securities are subject to additional credit and default risks.
Valuation: Due to the inherent uncertainty and subjectivity of determining the fair value of investments that do not have a readily available market value, the fair value of the Fund’s private investments may differ significantly from the values that would have been used had a readily available market value existed and may differ materially from the amounts the Fund may realize on any disposition of such investments.