Morningstar

Principal Diversified Income Fund Class A PGBAX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 11.58  /  +0.09 %
  • Total Assets 2.1B
  • Adj. Expense Ratio
    1.070%
  • Expense Ratio 1.030%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 5.93%
  • Effective Duration 4.30 years

USD | NAV as of Jun 05, 2026 | 1-Day Return as of Jun 05, 2026, 12:18 AM GMT+0

Morningstar’s Analysis PGBAX

Will PGBAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PGBAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PGBAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PGBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Principal Diversified Income A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings PGBAX

More PGBAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Principal Government Money Market R-6

3.57 78M
—

iShares Broad USD High Yield Corp Bd ETF

2.01 44M
—

Specialty Stl Holdco Inc 12%

1.17 26M
Corporate

Future on 2 Year Treasury Note

0.99 22M
Government

CURRENCY CONTRACT - USD Purchased

0.77 17M
Derivative

CURRENCY CONTRACT - USD Purchased

0.77 17M
Derivative

Real Alloy Cmn

0.70 15M
—

TNOTE 3.6 REPO

0.53 12M
Cash and Equivalents

Baffinland Iron Mines Corporation and Baffinland Iron Mines LP 8.75%

0.52 11M
Cash and Equivalents

ICE CREDIT DEFAULT SWAP

0.49 11M
Derivative

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