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Investment Type: pifretail

Global Diversified Income Fund (A) (PGBAX)

Class A | Class C | Class I

Portfolio Composition

  as of 11/30/2021
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Asset Distribution
Asset TypeNetShortLong
U.S. Bonds 45.26% 0.0%   45.27%  
U.S. Stocks 18.96% 0.0%   18.96%  
Non-U.S. Bonds 16.62% 0.0%   16.62%  
Non-U.S. Stocks 11.32% 0.0%   11.32%  
Convertibles 3.1% 0.0%   3.1%  
Cash 2.44% 0.14%   2.57%  
Preferred 2.24% 0.0%   2.24%  
Other 0.06% 0.0%   0.06%  

Top 10 Holdings

  as of 11/30/2021
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% of Net Assets
Principal Government Money Market Instl 2.50
Specialty Stl Holdco Inc 0.95
Atd New Holdings Inc 0.72
NFP Corp. 0.64
U.S. Bancorp 0.59
SNY 10 1/4 SR 0.49
UBS-Barclays Commercial Mortgage Trust 2012-C3 0.46
Baffinland Iron Mines Corporation and Baffinland Iron Mines LP 0.45
Real Alloy Cmn 0.43
Total*: 7.79
*Values may exceed 100% if both long and short positions are included in the portfolio

View Full Portfolio Holdings

Morningstar Style Box™

  as of 11/30/2021
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Investment Style
Stylebox Market Capitalization
Investment Style
Stylebox Market Capitalization

Stock Sector Breakdown

  as of 11/30/2021
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% of Net Assets
Cyclical 43.22
Basic Materials 5.26
Consumer Cyclical 9.43
Financial Svcs 14.50
Real Estate 14.03
Defensive 29.20
Consumer Defensive 3.97
Healthcare 8.61
Utilities 16.62
Sensitive 27.59
Comm Svcs 4.23
Energy 1.20
Industrials 11.25
Technology 10.91


  as of 11/30/2021
Average Market Cap (mil): $26,182.78
Price/Earnings Ratio: 16.14
Price/Book Ratio: 2.04
Price/Cash Flow Ratio: 8.44
Turnover Ratio: 93.60%

2022 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Past performance is no guarantee of future results. Investment options are subject to investment risk. Shares or unit values will fluctuate and investments, when redeemed, may be worth more or less than their original cost.

Portfolio holdings are subject to change and companies referenced in this report may not currently be held. Information is current as of the creation of this piece. Keep in mind that portfolio holdings are subject to risk. Click here for a complete list of the most recent publicly available holdings.

The full name of this investment option is Principal Global Diversified Income Fund (A).

Investors should carefully consider a fund's investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting, or calling 800-222-5852. Read the prospectus carefully before investing.

Principal Funds are distributed by Principal Funds Distributor, Inc.

Not FDIC Insured
May Lose Value - Not a Deposit - No Bank Guarantee
Not Insured by any Federal Government Agency

GDI Blended Index (Linked) is composed of the following: for the period from January 1, 2019 and after, 80% Bloomberg Global Aggregate Index (provides a broad-based measure of the global investment-grade fixed income markets) and 20% MSCI World Value Index NTR (captures large- and mid-cap securities across 23 developed markets that exhibit overall value style characteristics) and for the period prior to January 1, 2019, 40% Bloomberg Global Credit Index (includes investment-grade, fixed-rate, taxable corporate and government-related bond markets, including foreign agencies, sovereigns, supranationals, and local authorities), 30% Bloomberg Global High Yield Index (measures the performance of the global high-yield bond market), and 30% MSCI ACWI Value Index NTR (a market capitalization weighted index designed to provide a broad measure of equity-market performance throughout the world). Net Total Return (NTR) includes dividends after the deduction of withholding taxes.

Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Lower-rated securities are subject to additional credit and default risks. Risks associated with preferred securities differ from risks inherent with other investments. In particular, in the event of bankruptcy, a company's preferred securities are senior to common stock but subordinated to all other types of corporate debt. International investing involves increased risks due to currency fluctuations, political or social instability, and differences in accounting standards, these risks are magnified in emerging markets. REIT securities are subject to risk factors associated with the real estate industry and tax factors of REIT registration.

The risks associated with derivative investments include that the underlying security, interest rate, market index, or other financial asset will not move in the direction the Investment Adviser and/or Sub-Advisor anticipated, the possibility that there may be no liquid secondary market, the risk that adverse price movements in an instrument can result in a loss substantially greater than a fund's initial investment, the possibility that the counterparty may fail to perform its obligations; and the inability to close out certain hedged positions to avoid adverse tax consequences.