PGDIX: Principal Global Diversified Income Fund - MutualFunds.com
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Principal Global Div Inc Instl

PGDIX - Snapshot

Vitals

  • YTD Return 3.9%
  • 3 Yr Annualized Return 5.8%
  • 5 Yr Annualized Return 5.7%
  • Net Assets $4.64 B
  • Holdings in Top 10 6.9%

52 WEEK LOW AND HIGH

$13.91
$12.39
$13.97

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.68%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 87.30%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

Compare PGDIX to Popular U.S. Conservative Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Fidelity Asset Manager® 20% Fund

Fund

$14.87

0.00%

$6.31 B

1.12%

$0.17

2.76%

0.51%

Vanguard LifeStrategy Income Fund

Fund

$17.55

-0.06%

$5.98 B

1.55%

$0.27

1.45%

0.11%

Principal Global Diversified Income Fund

Fund

$13.87

-0.29%

$4.64 B

4.33%

$0.60

3.90%

0.68%

American Funds College 2024 Fund

Fund

$12.65

0.00%

$3.04 B

2.95%

$0.37

2.35%

0.66%

Principal SAM Flexible Income Portfolio

Fund

$13.55

-0.22%

$2.97 B

1.57%

$0.21

4.88%

1.09%

PGDIX - Profile

Distributions

  • YTD Total Return 3.9%
  • 3 Yr Annualized Total Return 5.8%
  • 5 Yr Annualized Total Return 5.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.03%
DIVIDENDS
  • Dividend Yield 4.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Principal Global Diversified Income Fund
  • Fund Family Name
    Principal Funds
  • Inception Date
    Dec 15, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kelly Grossman

Fund Description

The fund generally invests a majority of its assets in fixed income securities, such as high yield bonds (also known as "junk" bonds), preferred securities, commercial mortgage-backed securities, and emerging market debt securities, in an effort to provide incremental yields over a portfolio of government securities. It also invests in equity securities in an effort to provide incremental dividend yields and diversify fixed-income related risks.

PGDIX - Performance

Return Ranking - Trailing

Period PGDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -5.0% 11.2% 30.16%
1 Yr 20.5% 1.6% 32.6% 7.37%
3 Yr 5.8%* 0.6% 10.6% 82.87%
5 Yr 5.7%* -0.6% 10.1% 45.20%
10 Yr 5.8%* 1.9% 7.5% 22.96%

* Annualized

Return Ranking - Calendar

Period PGDIX Return Category Return Low Category Return High Rank in Category (%)
2020 -3.1% -3.8% 11.1% 97.75%
2019 8.0% 3.0% 17.7% 44.57%
2018 -9.8% -18.4% -1.2% 83.43%
2017 5.1% -9.1% 22.0% 24.84%
2016 3.5% -3.4% 17.3% 27.89%

Total Return Ranking - Trailing

Period PGDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -5.0% 11.2% 30.16%
1 Yr 20.5% -0.9% 32.6% 6.25%
3 Yr 5.8%* -0.4% 10.6% 71.58%
5 Yr 5.7%* -0.9% 10.1% 40.22%
10 Yr 5.8%* 1.9% 7.5% 20.44%

* Annualized

Total Return Ranking - Calendar

Period PGDIX Return Category Return Low Category Return High Rank in Category (%)
2020 -3.1% -3.8% 11.1% 97.75%
2019 8.0% 3.0% 17.7% 44.57%
2018 -9.8% -18.4% 0.4% 86.39%
2017 5.1% -3.3% 22.0% 62.73%
2016 3.5% -3.4% 19.9% 70.07%

NAV & Total Return History

PGDIX - Holdings

Concentration Analysis

PGDIX Category Low Category High PGDIX % Rank
Net Assets 4.64 B 1.36 M 6.31 B 5.13%
Number of Holdings 1721 3 4037 9.79%
Net Assets in Top 10 322 M 0 5.93 B 40.21%
Weighting of Top 10 6.94% 5.7% 100.0% 97.25%

Top 10 Holdings

  1. SPECIALTY STL HOLDCO INC 0.89%
  2. AUCTION.COM 0.76%
  3. AUCTION.COM 0.76%
  4. AUCTION.COM 0.76%
  5. AUCTION.COM 0.76%
  6. AUCTION.COM 0.76%
  7. AUCTION.COM 0.76%
  8. AUCTION.COM 0.76%
  9. AUCTION.COM 0.76%
  10. AUCTION.COM 0.76%

Asset Allocation

Weighting Return Low Return High PGDIX % Rank
Bonds 		54.36% 0.00% 87.18% 76.02%
Stocks 		38.64% -0.28% 97.02% 2.55%
Cash 		2.27% -10.56% 100.00% 75.26%
Preferred Stocks 		2.18% 0.00% 40.17% 17.01%
Convertible Bonds 		1.79% 0.00% 12.54% 29.38%
Other 		0.76% -5.84% 28.01% 36.60%

Stock Sector Breakdown

Weighting Return Low Return High PGDIX % Rank
Real Estate 		18.06% 0.00% 86.06% 15.03%
Financial Services 		17.57% 0.00% 30.39% 12.95%
Utilities 		13.49% 0.00% 76.26% 7.25%
Industrials 		11.60% 0.13% 20.99% 38.34%
Consumer Defense 		7.47% 0.00% 23.86% 26.94%
Communication Services 		6.96% 0.00% 11.76% 68.39%
Consumer Cyclical 		6.42% 0.00% 15.97% 80.31%
Technology 		5.92% 0.00% 30.70% 89.64%
Healthcare 		5.50% 0.00% 27.68% 92.75%
Basic Materials 		4.56% 0.00% 17.38% 42.49%
Energy 		2.45% 0.00% 25.66% 88.60%

Stock Geographic Breakdown

Weighting Return Low Return High PGDIX % Rank
US 		22.01% -0.32% 32.51% 15.98%
Non US 		16.63% -2.44% 16.63% 1.55%

Bond Sector Breakdown

Weighting Return Low Return High PGDIX % Rank
Corporate 		68.04% 0.00% 96.80% 14.43%
Securitized 		16.38% 0.00% 41.87% 50.00%
Government 		9.92% 0.00% 61.33% 81.96%
Cash & Equivalents 		3.66% 0.00% 100.00% 92.78%
Derivative 		2.00% 0.00% 29.89% 38.66%
Municipal 		0.00% 0.00% 21.67% 89.18%

Bond Geographic Breakdown

Weighting Return Low Return High PGDIX % Rank
US 		38.72% 0.00% 89.14% 86.60%
Non US 		15.64% -20.63% 30.36% 20.62%

PGDIX - Expenses

Operational Fees

PGDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.11% 3.09% 71.07%
Management Fee 0.73% 0.00% 1.50% 92.31%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

PGDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 1.35% N/A

Trading Fees

PGDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

PGDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 87.30% 5.00% 394.00% 81.46%

PGDIX - Distributions

Dividend Yield Analysis

PGDIX Category Low Category High PGDIX % Rank
Dividend Yield 4.33% 0.00% 1.10% 73.60%

Dividend Distribution Analysis

PGDIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

PGDIX Category Low Category High PGDIX % Rank
Net Income Ratio 5.03% -0.89% 6.36% 1.60%

Capital Gain Distribution Analysis

PGDIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

PGDIX - Fund Manager Analysis

Managers

Kelly Grossman

Start Date

Tenure

Tenure Rank

Mar 01, 2010

11.34

11.3%

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.

Marcus Dummer

Start Date

Tenure

Tenure Rank

Mar 07, 2014

7.32

7.3%

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.

Jessica Bush

Start Date

Tenure

Tenure Rank

Mar 07, 2014

7.32

7.3%

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.

Benjamin Rotenberg

Start Date

Tenure

Tenure Rank

Mar 07, 2014

7.32

7.3%

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.

May Tong

Start Date

Tenure

Tenure Rank

May 10, 2021

0.14

0.1%

May Tong joined ING Investment Management June 2006. May is a Portfolio Manager on the quantitative equity team. Prior to joining ING, she was an associate portfolio manager for five years on the quantitative team at Merrill Lynch Investment Managers with oversight of $60 billion of assets including daily cash management and determination of trading needs and strategies for all index and enhanced strategies. Before that she was an audit intern at Grant Thornton where she assisted with all phases of audit processes for several clients. She received a B.S. in finance and accounting magna cum laude from Boston College, Carrol School of Management and was a member of the Golden Key National Honor Society. She holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 26.77 5.3 1.5

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