Principal Global Div Inc Instl
- PGDIX
- Price as of: Apr 16, 2021
-
$13.71
N/A N/A
- Primary Theme
- U.S. Conservative Allocation
- Fund Company
- Principal Funds
- Share Class
PGDIX - Snapshot
Vitals
- YTD Return 2.9%
- 3 Yr Annualized Return 4.1%
- 5 Yr Annualized Return 5.7%
- Net Assets $4.71 B
- Holdings in Top 10 8.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio N/A
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
-
Primary Theme
U.S. Conservative Allocation
- Fund Type Open End Mutual Fund
- Investment Style Allocation--15% to 30% Equity
PGDIX - Profile
Distributions
- YTD Total Return 2.9%
- 3 Yr Annualized Total Return 4.1%
- 5 Yr Annualized Total Return 5.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.03%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePrincipal Global Diversified Income Fund
-
Fund Family NamePrincipal Funds
-
Inception DateDec 15, 2008
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerKelly 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 | 2.9% | -4.7% | 5.3% | 14.29% |
1 Yr | 25.3% | 3.2% | 43.2% | 6.29% |
3 Yr | 4.1%* | -0.6% | 8.5% | 91.14% |
5 Yr | 5.7%* | -0.4% | 9.4% | 40.26% |
10 Yr | 5.6%* | 2.7% | 7.1% | 24.79% |
* Annualized
Return Ranking - Calendar
Period | PGDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -3.1% | -3.8% | 11.1% | 97.48% |
2019 | 8.0% | 3.0% | 15.2% | 47.13% |
2018 | -9.8% | -18.4% | -1.2% | 85.53% |
2017 | 5.1% | -9.1% | 9.9% | 25.52% |
2016 | 3.5% | -3.4% | 17.3% | 26.67% |
Total Return Ranking - Trailing
Period | PGDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.9% | -4.7% | 6.2% | 14.29% |
1 Yr | 25.3% | 2.0% | 43.2% | 5.66% |
3 Yr | 4.1%* | -1.6% | 8.5% | 84.18% |
5 Yr | 5.7%* | -0.7% | 9.4% | 36.36% |
10 Yr | 5.6%* | 2.7% | 7.1% | 23.08% |
* Annualized
Total Return Ranking - Calendar
Period | PGDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -3.1% | -3.8% | 11.1% | 97.48% |
2019 | 8.0% | 3.0% | 15.2% | 47.13% |
2018 | -9.8% | -18.4% | 0.4% | 88.82% |
2017 | 5.1% | -3.3% | 15.3% | 62.07% |
2016 | 3.5% | -3.4% | 19.9% | 68.89% |
NAV & Total Return History
PGDIX - Holdings
Concentration Analysis
PGDIX | Category Low | Category High | PGDIX % Rank | |
---|---|---|---|---|
Net Assets | 4.71 B | 1.21 M | 6.05 B | 6.55% |
Number of Holdings | 1748 | 3 | 3986 | 11.90% |
Net Assets in Top 10 | 397 M | 1.27 M | 5.85 B | 41.07% |
Weighting of Top 10 | 8.37% | 5.4% | 100.0% | 97.60% |
Top 10 Holdings
- Principal Government Money Market Instl 2.17%
- One Call Corp 1.76%
- SPECIALTY STL HOLDCO INC 0.90%
- AUCTION.COM 0.75%
- AUCTION.COM 0.75%
- AUCTION.COM 0.75%
- AUCTION.COM 0.75%
- AUCTION.COM 0.75%
- AUCTION.COM 0.75%
- AUCTION.COM 0.75%
Asset Allocation
Weighting | Return Low | Return High | PGDIX % Rank | |
---|---|---|---|---|
Bonds | 66.08% | 13.02% | 88.33% | 58.33% |
Stocks | 25.30% | -23.79% | 35.52% | 27.38% |
Convertible Bonds | 3.52% | 0.00% | 12.32% | 13.10% |
Preferred Stocks | 2.52% | -0.03% | 14.88% | 8.33% |
Cash | 1.92% | -20.62% | 72.41% | 75.00% |
Other | 0.66% | -5.13% | 30.19% | 24.40% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PGDIX % Rank | |
---|---|---|---|---|
Financial Services | 20.90% | 0.00% | 99.95% | 3.57% |
Real Estate | 19.97% | 0.00% | 88.00% | 4.17% |
Utilities | 17.64% | 0.00% | 78.39% | 8.93% |
Industrials | 9.95% | 0.00% | 20.08% | 76.79% |
Energy | 5.95% | 0.00% | 28.97% | 7.74% |
Basic Materials | 5.48% | 0.00% | 10.77% | 17.26% |
Consumer Cyclical | 5.18% | 0.00% | 17.13% | 89.88% |
Technology | 4.72% | 0.00% | 25.49% | 95.83% |
Communication Services | 4.62% | 0.00% | 10.61% | 88.10% |
Consumer Defense | 3.25% | 0.00% | 24.08% | 94.05% |
Healthcare | 2.32% | 0.00% | 31.70% | 97.62% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PGDIX % Rank | |
---|---|---|---|---|
US | 15.40% | -23.83% | 26.79% | 61.31% |
Non US | 9.90% | -2.27% | 12.21% | 5.95% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PGDIX % Rank | |
---|---|---|---|---|
Corporate | 67.93% | 1.20% | 97.32% | 16.07% |
Securitized | 14.58% | 0.00% | 45.36% | 71.43% |
Government | 11.72% | 0.00% | 60.17% | 88.10% |
Derivative | 2.89% | 0.00% | 28.65% | 40.48% |
Cash & Equivalents | 2.89% | 0.21% | 80.67% | 92.26% |
Municipal | 0.00% | 0.00% | 12.15% | 87.50% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PGDIX % Rank | |
---|---|---|---|---|
US | 42.43% | 10.30% | 117.69% | 79.76% |
Non US | 23.65% | -70.24% | 32.36% | 10.12% |
PGDIX - Expenses
Operational Fees
PGDIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | N/A | 0.06% | 16.08% | 42.86% |
Management Fee | 0.73% | 0.00% | 1.20% | 95.83% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.47% | N/A |
Sales Fees
PGDIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | 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% | 6.00% | 346.00% | 79.47% |
PGDIX - Distributions
Dividend Yield Analysis
PGDIX | Category Low | Category High | PGDIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.52% | 57.74% |
Dividend Distribution Analysis
PGDIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
PGDIX | Category Low | Category High | PGDIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 5.03% | -0.89% | 6.36% | 1.84% |
Capital Gain Distribution Analysis
PGDIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Dividend Payout History
Date | Amount |
---|---|
Mar 26, 2019 | $0.059 |
Feb 25, 2019 | $0.055 |
Jan 28, 2019 | $0.052 |
Dec 27, 2018 | $0.082 |
Nov 27, 2018 | $0.051 |
Oct 26, 2018 | $0.051 |
Aug 28, 2018 | $0.052 |
Jul 26, 2018 | $0.052 |
Jun 26, 2018 | $0.052 |
May 29, 2018 | $0.052 |
Apr 25, 2018 | $0.052 |
Mar 26, 2018 | $0.052 |
Feb 23, 2018 | $0.052 |
Jan 26, 2018 | $0.052 |
Dec 27, 2017 | $0.074 |
Nov 27, 2017 | $0.051 |
Oct 26, 2017 | $0.047 |
Sep 26, 2017 | $0.047 |
Aug 28, 2017 | $0.054 |
Jul 26, 2017 | $0.053 |
Jun 27, 2017 | $0.054 |
May 25, 2017 | $0.056 |
Apr 25, 2017 | $0.056 |
Mar 28, 2017 | $0.057 |
Feb 23, 2017 | $0.056 |
Jan 26, 2017 | $0.056 |
Dec 28, 2016 | $0.159 |
Nov 30, 2016 | $0.057 |
Oct 31, 2016 | $0.056 |
Sep 30, 2016 | $0.056 |
Aug 31, 2016 | $0.057 |
Jul 29, 2016 | $0.056 |
Jun 30, 2016 | $0.056 |
May 31, 2016 | $0.056 |
Apr 29, 2016 | $0.056 |
Mar 31, 2016 | $0.056 |
Feb 29, 2016 | $0.055 |
Jan 29, 2016 | $0.056 |
Dec 28, 2015 | $0.151 |
Nov 30, 2015 | $0.048 |
Oct 30, 2015 | $0.049 |
Sep 30, 2015 | $0.049 |
Aug 31, 2015 | $0.048 |
Jul 31, 2015 | $0.049 |
Jun 30, 2015 | $0.049 |
May 29, 2015 | $0.048 |
Apr 30, 2015 | $0.049 |
Mar 31, 2015 | $0.049 |
Feb 27, 2015 | $0.048 |
Jan 30, 2015 | $0.049 |
Dec 29, 2014 | $0.114 |
Nov 26, 2014 | $0.048 |
Oct 31, 2014 | $0.048 |
Sep 30, 2014 | $0.049 |
Aug 29, 2014 | $0.049 |
Jul 31, 2014 | $0.050 |
Jun 30, 2014 | $0.049 |
May 30, 2014 | $0.049 |
Apr 30, 2014 | $0.052 |
Mar 31, 2014 | $0.051 |
Feb 28, 2014 | $0.051 |
Jan 31, 2014 | $0.052 |
Dec 27, 2013 | $0.115 |
Nov 29, 2013 | $0.046 |
Oct 31, 2013 | $0.047 |
Sep 30, 2013 | $0.046 |
Aug 30, 2013 | $0.046 |
Jul 31, 2013 | $0.046 |
Jun 28, 2013 | $0.054 |
May 31, 2013 | $0.054 |
Apr 30, 2013 | $0.053 |
Mar 28, 2013 | $0.053 |
Feb 28, 2013 | $0.060 |
Jan 31, 2013 | $0.061 |
Dec 27, 2012 | $0.128 |
Nov 30, 2012 | $0.060 |
Oct 31, 2012 | $0.061 |
Sep 28, 2012 | $0.060 |
Aug 31, 2012 | $0.060 |
Jul 31, 2012 | $0.061 |
Jun 29, 2012 | $0.060 |
May 31, 2012 | $0.061 |
Apr 30, 2012 | $0.060 |
Mar 30, 2012 | $0.060 |
Feb 29, 2012 | $0.060 |
Jan 31, 2012 | $0.061 |
Dec 27, 2011 | $0.095 |
Nov 30, 2011 | $0.061 |
Oct 31, 2011 | $0.061 |
Sep 30, 2011 | $0.061 |
Aug 31, 2011 | $0.061 |
Jul 29, 2011 | $0.061 |
Jun 30, 2011 | $0.062 |
May 31, 2011 | $0.061 |
Apr 29, 2011 | $0.060 |
Mar 31, 2011 | $0.058 |
Feb 28, 2011 | $0.058 |
Jan 31, 2011 | $0.057 |
Dec 31, 2010 | $0.085 |
Nov 30, 2010 | $0.057 |
Oct 29, 2010 | $0.057 |
Sep 30, 2010 | $0.058 |
Aug 31, 2010 | $0.058 |
Jul 30, 2010 | $0.057 |
Jun 30, 2010 | $0.057 |
May 28, 2010 | $0.057 |
Apr 30, 2010 | $0.059 |
Mar 31, 2010 | $0.070 |
Feb 26, 2010 | $0.068 |
Jan 29, 2010 | $0.070 |
Dec 31, 2009 | $0.103 |
Nov 30, 2009 | $0.090 |
Oct 30, 2009 | $0.083 |
Sep 30, 2009 | $0.068 |
Aug 31, 2009 | $0.066 |
Jul 31, 2009 | $0.065 |
Jun 30, 2009 | $0.062 |
May 29, 2009 | $0.067 |
Apr 30, 2009 | $0.063 |
Mar 31, 2009 | $0.061 |
Feb 27, 2009 | $0.058 |
Jan 30, 2009 | $0.059 |
Dec 31, 2008 | $0.022 |
PGDIX - Fund Manager Analysis
Managers
Kelly Grossman
Start Date
Tenure
Tenure Rank
Mar 01, 2010
11.09
11.1%
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
7.07
7.1%
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
7.07
7.1%
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
7.07
7.1%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 26.52 | 5.5 | 0.75 |