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
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PGLSX
Share Class R-6
Index Index is not available on Lipper Database
PGLSX had a total return of 9.20% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.22%.
