Real Assets Fund

Invests at least 80% in "real assets" and securities of companies that are engaged in activities related to, or have substantial ownership of, real assets. Real assets include any assets that have physical properties, real estate, basic materials, equipment, utilities and infrastructure, and commodities.

Because the fund focuses its investments in certain industries that involve activities related to real assets, the fund is more susceptible to adverse developments affecting one or more of these industries and may perform poorly during a downturn in any of those industries. During periods of low inflation, the fund's goal of investing in companies that offer some protection from accelerating inflation could lessen relative returns and cause the fund to underperform other stock funds. Since there is no limit on the fund's investments in foreign securities or emerging markets, it will be subject to the risk that some holdings will lose value because of unfavorable currency exchange rates or adverse political or economic developments overseas.

Morningstar (Category)

(Overall Rating)1

World Large-Stock Blend
  (283 funds)

Data as of 12/31/2021

Data as of 12/31/2021

Fund Manager Tenure2

Net Assets3


Data as of 12/31/2021

Data as of 12/31/2021


Daily Price Change


Data as of 01/26/2022

Data as of 01/26/2022

Morningstar Ratings™ are based on risk-adjusted returns. Click on "Overall Rating" for the fund's 3-, 5-, and 10-year (if applicable) Morningstar Ratings™.

Richard Coghlan
Richard Coghlan, Co-Portfolio Manager

Richard Coghlan is a global solutions portfolio manager within the Multi-Asset Division. He is co-president and a member of the Investment Advisory Committee of the Real Assets Fund. He also is a m...

Christopher Faulkner-MacDonagh, Ph.D.

Christopher Faulkner-MacDonagh is a portfolio manager in the Multi-Asset Division. He is co-manager of the Real Assets Fund. He also is cochair of the Investment Advisory Committee for the Real Ass...

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Investment Objective

The fund seeks to provide long-term growth of capital.

US Mutual Fund vendor indices disclaimers



Data as of 12/31/2021

Benchmark: MSCI All Country World Index

Largest Industry Equity Real Estate Investment Trusts (REITs) 36.17% Was (11/30/2021) 35.22%
Other View complete Industry Diversification


Equity Real Estate Investment Trusts (REITs)
By 34.12%
Fund 36.17%
Benchmark 2.05%


Semiconductors & Semiconductor Equipment
By -5.48%
Fund 0.40%
Benchmark 5.88%

Data as of 12/31/2021

For a complete list of the members of the fund's Investment Advisory Committee, please refer to the fund's prospectus.

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Number of years managing the fund.  In the case of co-portfolio management, the longer tenure is displayed.


Figure applies to all share classes.

Source of data: MSCI.  Index returns are shown with gross dividends reinvested.

MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein.  The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed, or produced by MSCI.

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