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Principal Global Diversified Income Fund Hits Five-Year Mark With Five-Star Morningstar Rating

Stocks in this article: PFG

Launched December 15, 2008, the Principal Global Diversified Income Fund (Class I: PGDIX) recently reached its five-year anniversary and was recognized with an Overall Morningstar Rating TM of five stars among 533 Conservative Allocation funds in its category 1.

The multi-manager, multi-discipline Principal Global Diversified Income Fund was Principal Funds’ highest-selling fund of 2013, surpassing $8 billion in assets at year end. The fund ranks No. 11 in assets under management when compared to the 260 U.S. mutual funds launched six months before or six months after the Principal Global Diversified Income Fund’s inception date 2.

“Our outcome-based style of investing continues to resonate with financial advisors and their clients who are looking for consistent income through a diversified strategy that focuses on risk-adjusted yield,” said Dave Reichart, portfolio advisor.

The Principal Global Diversified Income Fund focuses on optimizing risk-adjusted yield through both fixed-income and equity investments, aiming for consistent cash income with added capital appreciation potential. It seeks to deliver further diversification by combining domestic and international opportunities.

The fund includes the following types of investment strategies managed by specialist sub-advisors:

  • High yield bonds
  • Preferred securities
  • Emerging market debt
  • Master limited partnerships
  • Global real estate securities
  • Global value equities
  • Commercial mortgage-backed securities
  • Global infrastructure
  • Call overwriting program

The Principal Global Diversified Income Fund is the first in a series of funds designed to provide outcome-oriented solutions for financial advisors and their clients. The Principal Diversified Real Asset Fund (PRDAX), launched March 16, 2010, seeks to help manage the impact of inflation on purchasing power. And launched October 24, 2011, the Principal Global Multi-Strategy Fund (PMSAX) seeks to reduce portfolio volatility. For more information on these funds, visit the Principal Portfolio Construction StrategiesSM page.

For more news and insights from The Principal ®, connect with us on Twitter at http://twitter.com/ThePrincipal.

About Morningstar RatingsPast performance is no guarantee of future results. Morningstar proprietary ratings reflect historical risk-adjusted performance for funds with at least a 3-year performance history and are subject to change each month. Morningstar Ratings™ are calculated from a fund’s three-, five-, and ten-year average annual returns in excess of the 90-day U.S. Treasury bill returns, with appropriate fee adjustments, and a risk factor that reflects performance below the 90-day Treasury bill return. Within each asset class the top 10% of funds receive 5 stars (Highest); the next 22.5% receive 4 stars (Above Average); the middle 35% earn 3 stars (Average); the next 22.5% receive 2 stars (Below Average); and the bottom 10% receive 1 star (Lowest). The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics. Copyright 2014 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.

Morningstar ratings for the other time periods are as follows: 3-year (3 stars/553 funds); 5-year (5 stars/491 funds); 10-year (N/A stars/230 funds).

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