About PGDIX
Principal Diversified Income Fund Institutional Class is a mutual fund designed to provide diversified sources of income through a risk-aware allocation across global credit markets. The fund primarily invests in a wide range of fixed income securities, including investment-grade corporate bonds, high yield bonds, preferred securities, securitized products, and emerging market debt, seeking to deliver yields that exceed those of standard fixed income portfolios. Managed by an experienced team, the fund employs a dynamic approach, adjusting allocations among different credit sectors based on evolving market conditions and opportunities. By spanning multiple credit segments and geographies, the fund aims to reduce risk while capturing income across varying market environments. Its diversified, multi-sector profile positions it as a core holding for investors looking for consistent income and exposure to both domestic and international credit markets, and it is notably recognized within the multisector bond category for its risk-adjusted performance and broad portfolio construction.
Fund Family Principal Funds
Category Multisector Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol PGDIX
Share Class Institutional Class
Index Bloomberg U.S. Aggregate Bond TR
PGDIX had a total return of -2.64% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.95%.
