Principal Global Multi-Strategy Fund (PGLSX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
11.83
+0.01 (0.08%)
Sep 5, 2025, 4:00 PM EDT
0.08%
Fund Assets429.67M
Expense Ratio1.65%
Min. Investment$0.00
Turnover146.90%
Dividend (ttm)0.18
Dividend Yield1.53%
Dividend Growth-50.23%
Payout Frequencyn/a
Ex-Dividend DateDec 27, 2024
Previous Close11.82
YTD Return6.10%
1-Year Return8.24%
5-Year Return33.55%
52-Week Low10.83
52-Week High11.94
Beta (5Y)n/a
Holdings3102
Inception DateJun 12, 2017

About PGLSX

Principal Global Multi-Strategy Fund R-6 is an alternative mutual fund designed to pursue long-term capital appreciation with an emphasis on delivering positive total returns and managing volatility across market cycles. The fund allocates dynamically among a broad toolkit—including equities, fixed income, currencies, commodities, convertibles, bank loans, and derivatives—while maintaining a global footprint that typically includes at least 30% in foreign and emerging-markets exposures and economic ties to 20 or more countries. Its multi-manager, multi-sleeve construction blends equity hedge, relative value arbitrage, macro/CTA, and event-driven strategies, drawing on subadvisers such as Los Angeles Capital, Gotham Asset Management, Principal Finisterre, Loomis Sayles, Graham Capital, Crabel, Record Currency, and Westchester Capital Management. The fund is benchmarked against the HFRX Global Hedge Fund Index, reflecting its alternatives orientation and diversified return drivers. Portfolio positioning often includes futures, swaps, and currency contracts alongside cash and money market instruments to manage risk, liquidity, and exposures. Established for investors seeking a consolidated, institutionally managed blend of alternative strategies, it aims to provide a smoother return profile relative to traditional single-asset-class approaches.

Fund Family Principal Funds
Category Multistrategy
Stock Exchange NASDAQ
Ticker Symbol PGLSX
Share Class R-6
Index Index is not available on Lipper Database

Performance

PGLSX had a total return of 8.24% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.56%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
PSMIXInstitutional Class1.70%
PMSAXClass A2.18%

Top 10 Holdings

52.56% of assets
NameSymbolWeight
Principal Government Money Market R-6PGWXX18.35%
Future on Euron/a6.16%
Future on 5 Year Treasury Noten/a5.76%
3 Month Sofr Fut Dec26n/a4.98%
CASH & RECEIVABLESn/a3.88%
Korea 3Yr Bnd Fut Sep25n/a3.19%
Short Euro-Btp Fu Sep25n/a2.82%
Euro Future June 26n/a2.56%
Canada (Government of) 0%CTB.0 03.25.042.44%
CURRENCY CONTRACT - USD Purchasedn/a2.44%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Dec 27, 2024$0.1776Dec 27, 2024
Dec 19, 2024$0.0038Dec 19, 2024
Dec 27, 2023$0.3645Dec 27, 2023
Dec 28, 2022$0.5983Dec 28, 2022
Dec 20, 2022$0.6227Dec 20, 2022
Dec 29, 2021$0.0704Dec 29, 2021
Full Dividend History