About PGDCX
Principal Diversified Income Fund Class C is a multisector bond mutual fund designed to generate income through a diversified, risk-aware approach across global credit markets. The fund primarily allocates to fixed income securities, including investment‑grade corporates, high yield bonds, preferred securities, securitized products, and emerging market debt, allowing it to tap multiple sources of coupon income and credit premia while managing duration and credit risk dynamically. It employs a flexible allocation framework and uses derivatives selectively for hedging and efficient exposure, supported by a seasoned portfolio management team with deep credit and multi-asset experience. The strategy’s role in the market is to provide a single, actively managed vehicle for cross‑sector fixed income exposure, aiming to smooth income across cycles and reduce reliance on any one segment of the bond market. Within its Morningstar category, it is positioned as a diversified income option with an intermediate effective duration profile and a yield characteristic consistent with multisector bond peers. Investors often use it as a core-plus income holding or as a complement to traditional aggregate bond allocations.
Fund Family Principal Funds
Category Multisector Bond
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PGDCX
Share Class Class C
Index Bloomberg U.S. Aggregate Bond TR
PGDCX had a total return of 5.28% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.00%.
