Inception Date: April 1, 2011
The Real Assets Fund is a diversified portfolio of liquid, inflation-sensitive assets/strategies. Unlike traditional assets, Real Asset strategies tend to be positively correlated with unanticipated inflation. Real asset class historically demonstrates a low correlation with other traditional asset classes. This low correlation provides a complement to more traditional classes and provides favorable returns. The Fund currently consists of the following: Floating Rate Debt, TIPS, Global Infrastructure Equities, Commodities, MLPs, Natural Resource Equities, Agribusiness, Timber and Global REITs. However, this allocation has the potential to change over time as the Investment Committee deems necessary.
Net Assets: $40.1 Million
As of September 30, 2023
85% of the Fund is managed by Principal Global Investors LLC (Commodities) of Des Moines, IA.
15% of the Fund is managed by Lazard Asset Management (Infrastructure) of New York, NY.
For additional information, please contact your Relationship Manager.