In a Dec. 17 supplementary prospectus filing, Principal announced plans to shake up Principal Global Diversified Income’s subadvisor lineup and asset class mix in mid-January 2022 and remove “Global” from its name on or around March 1, 2022. The changes don’t alter the strategy’s Morningstar Analyst Rating range of Neutral to Negative, depending on share class, but do reinforce its Average Process rating.
Will PGDIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PGDIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PGDIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PGDIX’s parent organization’s priorities and whether they’re in line with investors’ interests.