Diversified Income Fund (f/k/a Global Diversified Income Fund)
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$12.01
$2.6 B
6.83%
$0.82
1.05%
Vitals
YTD Return
5.8%
1 yr return
7.6%
3 Yr Avg Return
0.8%
5 Yr Avg Return
2.4%
Net Assets
$2.6 B
Holdings in Top 10
12.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.05%
SALES FEES
Front Load 3.75%
Deferred Load N/A
TRADING FEES
Turnover 93.60%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$12.01
$2.6 B
6.83%
$0.82
1.05%
PGBAX - Profile
Distributions
- YTD Total Return 5.8%
- 3 Yr Annualized Total Return 0.8%
- 5 Yr Annualized Total Return 2.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.10%
- Dividend Yield 6.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDiversified Income Fund (f/k/a Global Diversified Income Fund)
-
Fund Family NamePrincipal Funds
-
Inception DateDec 16, 2008
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKelly Grossman
Fund Description
PGBAX - Performance
Return Ranking - Trailing
Period | PGBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.8% | -11.1% | 18.9% | 67.49% |
1 Yr | 7.6% | -9.2% | 20.8% | 54.95% |
3 Yr | 0.8%* | -16.9% | 16.8% | 68.89% |
5 Yr | 2.4%* | -14.7% | 13.4% | 51.61% |
10 Yr | 3.5%* | -7.0% | 7.1% | 25.61% |
* Annualized
Return Ranking - Calendar
Period | PGBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.8% | -12.0% | 8.9% | 66.15% |
2022 | -15.6% | -31.8% | 18.4% | 72.27% |
2021 | 3.7% | -16.2% | 25.7% | 2.13% |
2020 | -3.0% | -31.1% | 18.7% | 81.64% |
2019 | 8.0% | -6.1% | 15.3% | 10.60% |
Total Return Ranking - Trailing
Period | PGBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.8% | -11.1% | 18.9% | 67.49% |
1 Yr | 7.6% | -9.2% | 20.8% | 54.95% |
3 Yr | 0.8%* | -16.9% | 16.8% | 68.89% |
5 Yr | 2.4%* | -14.7% | 13.4% | 51.61% |
10 Yr | 3.5%* | -7.0% | 7.1% | 25.61% |
* Annualized
Total Return Ranking - Calendar
Period | PGBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.3% | -6.9% | 22.2% | 44.36% |
2022 | -11.5% | -31.8% | 21.1% | 71.95% |
2021 | 8.2% | -13.5% | 49.9% | 7.05% |
2020 | 1.5% | -28.6% | 24.1% | 80.21% |
2019 | 13.4% | -4.8% | 19.1% | 6.17% |
NAV & Total Return History
PGBAX - Holdings
Concentration Analysis
PGBAX | Category Low | Category High | PGBAX % Rank | |
---|---|---|---|---|
Net Assets | 2.6 B | 2.63 M | 143 B | 24.36% |
Number of Holdings | 3312 | 4 | 9638 | 2.65% |
Net Assets in Top 10 | 331 M | -204 M | 89.4 B | 38.69% |
Weighting of Top 10 | 12.32% | 5.8% | 265.8% | 84.43% |
Top 10 Holdings
- Principal Government Money Market Fund - Class R-6 3.57%
- Specialty Steel 1.44%
- Repurchase Agreement 1.12%
- Cliffwater Enhanced Lending Fund 1.09%
- Variant Alternative Income Fund 1.05%
- Real Alloy Holding Inc 1.05%
- Material Sciences Corp 0.83%
- United States Treasury Floating Rate Note 0.75%
- Engineered Machinery Holdings Inc 0.72%
- SportsNet New York 0.71%
Asset Allocation
Weighting | Return Low | Return High | PGBAX % Rank | |
---|---|---|---|---|
Bonds | 88.47% | 0.00% | 199.60% | 51.64% |
Stocks | 5.68% | -6.18% | 99.68% | 20.28% |
Convertible Bonds | 4.17% | 0.00% | 33.50% | 19.87% |
Other | 4.13% | -75.22% | 147.15% | 44.77% |
Cash | 3.72% | -94.66% | 99.97% | 46.96% |
Preferred Stocks | 1.00% | 0.00% | 21.58% | 12.48% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PGBAX % Rank | |
---|---|---|---|---|
Real Estate | 28.77% | 0.00% | 100.00% | 8.41% |
Financial Services | 16.32% | 0.00% | 100.00% | 30.14% |
Industrials | 12.27% | 0.00% | 100.00% | 17.68% |
Consumer Cyclical | 9.77% | 0.00% | 89.95% | 12.17% |
Technology | 8.98% | 0.00% | 28.30% | 22.03% |
Basic Materials | 6.35% | 0.00% | 100.00% | 15.07% |
Energy | 6.32% | 0.00% | 100.00% | 53.04% |
Consumer Defense | 4.32% | 0.00% | 99.97% | 24.06% |
Healthcare | 4.21% | 0.00% | 18.60% | 20.87% |
Utilities | 2.68% | 0.00% | 100.00% | 28.12% |
Communication Services | 0.00% | 0.00% | 100.00% | 66.38% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PGBAX % Rank | |
---|---|---|---|---|
US | 5.64% | -6.18% | 99.68% | 19.66% |
Non US | 0.05% | -0.30% | 17.73% | 10.76% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PGBAX % Rank | |
---|---|---|---|---|
Corporate | 76.19% | 0.00% | 96.66% | 5.64% |
Securitized | 11.41% | 0.00% | 99.65% | 65.22% |
Government | 5.77% | 0.00% | 99.43% | 65.06% |
Cash & Equivalents | 3.72% | 0.00% | 94.89% | 41.78% |
Derivative | 0.08% | -75.22% | 147.15% | 36.31% |
Municipal | 0.00% | 0.00% | 54.26% | 59.74% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PGBAX % Rank | |
---|---|---|---|---|
US | 83.55% | 0.00% | 199.60% | 42.90% |
Non US | 4.92% | 0.00% | 74.14% | 38.85% |
PGBAX - Expenses
Operational Fees
PGBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.05% | 0.03% | 34.13% | 57.54% |
Management Fee | 0.65% | 0.00% | 2.29% | 61.76% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 30.72% |
Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
PGBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 3.75% | 0.00% | 5.75% | 54.24% |
Deferred Load | N/A | 1.00% | 1.50% | N/A |
Trading Fees
PGBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PGBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 93.60% | 0.00% | 632.00% | 59.06% |
PGBAX - Distributions
Dividend Yield Analysis
PGBAX | Category Low | Category High | PGBAX % Rank | |
---|---|---|---|---|
Dividend Yield | 6.83% | 0.00% | 23.30% | 18.39% |
Dividend Distribution Analysis
PGBAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Quarterly |
Net Income Ratio Analysis
PGBAX | Category Low | Category High | PGBAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.10% | -1.55% | 11.51% | 16.80% |
Capital Gain Distribution Analysis
PGBAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Nov 22, 2024 | $0.069 | OrdinaryDividend |
Oct 28, 2024 | $0.056 | OrdinaryDividend |
Sep 25, 2024 | $0.056 | OrdinaryDividend |
Aug 27, 2024 | $0.056 | OrdinaryDividend |
Jul 26, 2024 | $0.056 | OrdinaryDividend |
Apr 25, 2024 | $0.055 | OrdinaryDividend |
Mar 25, 2024 | $0.055 | OrdinaryDividend |
Feb 26, 2024 | $0.056 | OrdinaryDividend |
Jan 26, 2024 | $0.055 | OrdinaryDividend |
Dec 27, 2023 | $0.126 | OrdinaryDividend |
Nov 27, 2023 | $0.059 | OrdinaryDividend |
Oct 26, 2023 | $0.059 | OrdinaryDividend |
Sep 26, 2023 | $0.059 | OrdinaryDividend |
Aug 28, 2023 | $0.059 | OrdinaryDividend |
Jul 26, 2023 | $0.059 | OrdinaryDividend |
Jun 27, 2023 | $0.053 | OrdinaryDividend |
May 25, 2023 | $0.053 | OrdinaryDividend |
Apr 25, 2023 | $0.053 | OrdinaryDividend |
Mar 28, 2023 | $0.053 | OrdinaryDividend |
Feb 23, 2023 | $0.050 | OrdinaryDividend |
Jan 26, 2023 | $0.050 | OrdinaryDividend |
Dec 28, 2022 | $0.080 | OrdinaryDividend |
Nov 23, 2022 | $0.050 | OrdinaryDividend |
Oct 26, 2022 | $0.043 | OrdinaryDividend |
Sep 27, 2022 | $0.043 | OrdinaryDividend |
Aug 26, 2022 | $0.043 | OrdinaryDividend |
Jul 26, 2022 | $0.043 | OrdinaryDividend |
Jun 27, 2022 | $0.043 | OrdinaryDividend |
May 25, 2022 | $0.045 | OrdinaryDividend |
Apr 26, 2022 | $0.045 | OrdinaryDividend |
Mar 28, 2022 | $0.050 | OrdinaryDividend |
Feb 23, 2022 | $0.050 | OrdinaryDividend |
Jan 26, 2022 | $0.050 | OrdinaryDividend |
Dec 29, 2021 | $0.068 | OrdinaryDividend |
Nov 24, 2021 | $0.053 | OrdinaryDividend |
Oct 26, 2021 | $0.053 | OrdinaryDividend |
Sep 27, 2021 | $0.053 | OrdinaryDividend |
Aug 26, 2021 | $0.045 | OrdinaryDividend |
Jul 27, 2021 | $0.045 | OrdinaryDividend |
Jun 25, 2021 | $0.045 | OrdinaryDividend |
May 25, 2021 | $0.045 | OrdinaryDividend |
Apr 27, 2021 | $0.045 | OrdinaryDividend |
Mar 26, 2021 | $0.045 | OrdinaryDividend |
Feb 23, 2021 | $0.045 | OrdinaryDividend |
Jan 26, 2021 | $0.048 | OrdinaryDividend |
Dec 29, 2020 | $0.067 | OrdinaryDividend |
Nov 24, 2020 | $0.048 | OrdinaryDividend |
Oct 27, 2020 | $0.043 | OrdinaryDividend |
Sep 25, 2020 | $0.043 | OrdinaryDividend |
Aug 26, 2020 | $0.043 | OrdinaryDividend |
Jul 28, 2020 | $0.045 | OrdinaryDividend |
Jun 25, 2020 | $0.045 | OrdinaryDividend |
May 26, 2020 | $0.045 | OrdinaryDividend |
Apr 27, 2020 | $0.050 | OrdinaryDividend |
Mar 26, 2020 | $0.050 | OrdinaryDividend |
Feb 25, 2020 | $0.050 | OrdinaryDividend |
Jan 28, 2020 | $0.050 | OrdinaryDividend |
Dec 27, 2019 | $0.087 | OrdinaryDividend |
Nov 25, 2019 | $0.050 | OrdinaryDividend |
Oct 28, 2019 | $0.050 | OrdinaryDividend |
Sep 25, 2019 | $0.050 | OrdinaryDividend |
Aug 27, 2019 | $0.050 | OrdinaryDividend |
Jul 26, 2019 | $0.050 | OrdinaryDividend |
Jun 25, 2019 | $0.056 | OrdinaryDividend |
May 29, 2019 | $0.056 | OrdinaryDividend |
Apr 25, 2019 | $0.056 | OrdinaryDividend |
Mar 26, 2019 | $0.056 | OrdinaryDividend |
Feb 25, 2019 | $0.051 | OrdinaryDividend |
Jan 28, 2019 | $0.048 | OrdinaryDividend |
Dec 27, 2018 | $0.078 | OrdinaryDividend |
Nov 27, 2018 | $0.048 | OrdinaryDividend |
Oct 26, 2018 | $0.048 | OrdinaryDividend |
Aug 28, 2018 | $0.048 | OrdinaryDividend |
Jul 26, 2018 | $0.048 | OrdinaryDividend |
Jun 26, 2018 | $0.048 | OrdinaryDividend |
May 29, 2018 | $0.048 | OrdinaryDividend |
Apr 25, 2018 | $0.048 | OrdinaryDividend |
Mar 26, 2018 | $0.048 | OrdinaryDividend |
Feb 23, 2018 | $0.048 | OrdinaryDividend |
Jan 26, 2018 | $0.048 | OrdinaryDividend |
Dec 27, 2017 | $0.070 | OrdinaryDividend |
Nov 27, 2017 | $0.048 | OrdinaryDividend |
Oct 26, 2017 | $0.044 | OrdinaryDividend |
Sep 26, 2017 | $0.044 | OrdinaryDividend |
Aug 28, 2017 | $0.050 | OrdinaryDividend |
Jul 26, 2017 | $0.050 | OrdinaryDividend |
Jun 27, 2017 | $0.050 | OrdinaryDividend |
May 25, 2017 | $0.053 | OrdinaryDividend |
Apr 25, 2017 | $0.053 | OrdinaryDividend |
Mar 28, 2017 | $0.053 | OrdinaryDividend |
Feb 23, 2017 | $0.053 | OrdinaryDividend |
Jan 26, 2017 | $0.053 | OrdinaryDividend |
Dec 28, 2016 | $0.155 | OrdinaryDividend |
Nov 30, 2016 | $0.053 | OrdinaryDividend |
Oct 31, 2016 | $0.053 | OrdinaryDividend |
Sep 30, 2016 | $0.053 | OrdinaryDividend |
Aug 31, 2016 | $0.053 | OrdinaryDividend |
Jul 29, 2016 | $0.053 | OrdinaryDividend |
Jun 30, 2016 | $0.053 | OrdinaryDividend |
May 31, 2016 | $0.053 | OrdinaryDividend |
Apr 29, 2016 | $0.053 | OrdinaryDividend |
Mar 31, 2016 | $0.052 | OrdinaryDividend |
Feb 29, 2016 | $0.052 | OrdinaryDividend |
Jan 29, 2016 | $0.052 | OrdinaryDividend |
Dec 28, 2015 | $0.148 | OrdinaryDividend |
Nov 30, 2015 | $0.045 | OrdinaryDividend |
Oct 30, 2015 | $0.045 | OrdinaryDividend |
Sep 30, 2015 | $0.045 | OrdinaryDividend |
Aug 31, 2015 | $0.045 | OrdinaryDividend |
Jul 31, 2015 | $0.045 | OrdinaryDividend |
Jun 30, 2015 | $0.045 | OrdinaryDividend |
May 29, 2015 | $0.045 | OrdinaryDividend |
Apr 30, 2015 | $0.045 | OrdinaryDividend |
Mar 31, 2015 | $0.045 | OrdinaryDividend |
Feb 27, 2015 | $0.045 | OrdinaryDividend |
Jan 30, 2015 | $0.045 | OrdinaryDividend |
Dec 29, 2014 | $0.110 | OrdinaryDividend |
Dec 17, 2014 | $0.094 | CapitalGainShortTerm |
Dec 17, 2014 | $0.252 | CapitalGainLongTerm |
Nov 26, 2014 | $0.045 | OrdinaryDividend |
Oct 31, 2014 | $0.045 | OrdinaryDividend |
Sep 30, 2014 | $0.045 | OrdinaryDividend |
Aug 29, 2014 | $0.045 | OrdinaryDividend |
Jul 31, 2014 | $0.045 | OrdinaryDividend |
Jun 30, 2014 | $0.045 | OrdinaryDividend |
May 30, 2014 | $0.045 | OrdinaryDividend |
Apr 30, 2014 | $0.048 | OrdinaryDividend |
Mar 31, 2014 | $0.048 | OrdinaryDividend |
Feb 28, 2014 | $0.048 | OrdinaryDividend |
Jan 31, 2014 | $0.048 | OrdinaryDividend |
Dec 27, 2013 | $0.112 | OrdinaryDividend |
Nov 29, 2013 | $0.042 | OrdinaryDividend |
Oct 31, 2013 | $0.042 | OrdinaryDividend |
Sep 30, 2013 | $0.042 | OrdinaryDividend |
Aug 30, 2013 | $0.042 | OrdinaryDividend |
Jul 31, 2013 | $0.042 | OrdinaryDividend |
Jun 28, 2013 | $0.050 | OrdinaryDividend |
May 31, 2013 | $0.050 | OrdinaryDividend |
Apr 30, 2013 | $0.050 | OrdinaryDividend |
Mar 28, 2013 | $0.050 | OrdinaryDividend |
Feb 28, 2013 | $0.057 | OrdinaryDividend |
Jan 31, 2013 | $0.057 | OrdinaryDividend |
Dec 27, 2012 | $0.125 | OrdinaryDividend |
Dec 19, 2012 | $0.042 | CapitalGainShortTerm |
Dec 19, 2012 | $0.082 | CapitalGainLongTerm |
Nov 30, 2012 | $0.057 | OrdinaryDividend |
Oct 31, 2012 | $0.057 | OrdinaryDividend |
Sep 28, 2012 | $0.057 | OrdinaryDividend |
Aug 31, 2012 | $0.057 | OrdinaryDividend |
Jul 31, 2012 | $0.057 | OrdinaryDividend |
Jun 29, 2012 | $0.057 | OrdinaryDividend |
May 31, 2012 | $0.057 | OrdinaryDividend |
Apr 30, 2012 | $0.057 | OrdinaryDividend |
Mar 30, 2012 | $0.057 | OrdinaryDividend |
Feb 29, 2012 | $0.057 | OrdinaryDividend |
Jan 31, 2012 | $0.057 | OrdinaryDividend |
Dec 27, 2011 | $0.092 | OrdinaryDividend |
Dec 19, 2011 | $0.041 | CapitalGainLongTerm |
Nov 30, 2011 | $0.057 | OrdinaryDividend |
Oct 31, 2011 | $0.057 | OrdinaryDividend |
Sep 30, 2011 | $0.057 | OrdinaryDividend |
Aug 31, 2011 | $0.057 | OrdinaryDividend |
Jul 29, 2011 | $0.057 | OrdinaryDividend |
Jun 30, 2011 | $0.057 | OrdinaryDividend |
May 31, 2011 | $0.057 | OrdinaryDividend |
Apr 29, 2011 | $0.057 | OrdinaryDividend |
Mar 31, 2011 | $0.055 | OrdinaryDividend |
Feb 28, 2011 | $0.055 | OrdinaryDividend |
Jan 31, 2011 | $0.055 | OrdinaryDividend |
Dec 31, 2010 | $0.082 | OrdinaryDividend |
Dec 10, 2010 | $0.073 | CapitalGainShortTerm |
Dec 10, 2010 | $0.033 | CapitalGainLongTerm |
Nov 30, 2010 | $0.055 | OrdinaryDividend |
Oct 29, 2010 | $0.055 | OrdinaryDividend |
Sep 30, 2010 | $0.055 | OrdinaryDividend |
Aug 31, 2010 | $0.055 | OrdinaryDividend |
Jul 30, 2010 | $0.055 | OrdinaryDividend |
Jun 30, 2010 | $0.055 | OrdinaryDividend |
May 28, 2010 | $0.055 | OrdinaryDividend |
Dec 10, 2009 | $1.047 | CapitalGainShortTerm |
Dec 10, 2009 | $0.006 | CapitalGainLongTerm |
PGBAX - Fund Manager Analysis
Managers
Kelly Grossman
Start Date
Tenure
Tenure Rank
Mar 01, 2010
12.26
12.3%
Kelly A. Grossman joined the Principal Financial Group in 1991. She is a Senior Product Manager at Principal and a member of the Principal Funds Investment Committee. Ms. Grossman earned a B.A. in Mathematics and Computer Science from the University of Northern Iowa. She is a fellow of the Society of Actuaries and a member of the American Academy of Actuaries.
Benjamin Rotenberg
Start Date
Tenure
Tenure Rank
Mar 07, 2014
8.24
8.2%
Benjamin E. Rotenberg joined Principal® in 2014. Prior to that, he was employed at Cliffwater LLC as a Managing Director from 2007-2014. Mr. Rotenberg is responsible for the asset allocation and manager selection for Principal Portfolio StrategiesSM. Mr. Rotenberg earned a bachelor’s degree in International Relations and Russian from Pomona College. He has earned the right to use the Chartered Financial Analyst and the Chartered Alternative Investment Analyst designations.
Jessica Bush
Start Date
Tenure
Tenure Rank
Mar 07, 2014
8.24
8.2%
Jessica S. Bush joined Principal® in 2006. Ms. Bush is responsible for the asset allocation and manager selection for Principal Portfolio StrategiesSM. Ms. Bush earned a bachelor’s degree in Business Administration from the University of Michigan. She has earned the right to use the Chartered Financial Analyst designation.
Marcus Dummer
Start Date
Tenure
Tenure Rank
Mar 07, 2014
8.24
8.2%
Marcus W. Dummer joined the Principal Financial Group in 2003. Mr. Dummer is a Senior Portfolio Strategist for Principal and a member Principal Funds Investment Committee. He is responsible for conducting research, assessing risk, and making relative value recommendations relating to the fixed-income component of the Principal Portfolio Construction StrategiesSM (Global Diversified Income Fund, Diversified Real Asset Fund, and Global Multi-Strategy Fund). Mr. Dummer earned a Bachelor’s degree in Finance and an M.B.A. from the University of Utah.
May Tong
Start Date
Tenure
Tenure Rank
May 10, 2021
1.06
1.1%
May Tong has been with Principal® since 2021. Prior to that, Ms. Tong was a Senior Vice President, Portfolio Manager for Franklin Templeton Multi-Asset Solutions since 2018. Prior to that, Ms. Tong was a Portfolio Manager and Head of Portfolio Implementation and Management for Voya Investment Management’s Multi-Asset Strategies and Solutions Team since 2011. Ms. Tong is responsible for the asset allocation and manager selection for Principal Global Asset Allocation. She earned a bachelor’s degree in Accounting and Finance from Boston College and an M.B.A. from Columbia University. She has earned the right to use the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.71 | 3.19 |