Fact Sheet
As at March 2024
As at March 2024
Principal Global Credit Opportunities Fund
APIR: PGI0001AU
Manager Summary
Principal Global Investors manages assets for sophisticated investors around the world. The multi-boutique strategy provides a range of diverse investment capabilities, including equity, fixed income and real estate investments. Pimco also have experience in currency management, asset allocation, stable value management and other structured investment strategies through their network of specialized investment groups and affiliates.
Strategy Summary
The Fund employs a global multi-credit fixed-income strategy that invests predominantly in a wide range of global credit securities and investments across a number of sectors, and actively manages volatility to seek to mitigate downside risk and enhance returns.
The Fund is actively managed by a specialist fixed income investment team with a focus on identifying the best sectors for investment opportunities and then within the sectors to the most attractive securities to generate the potential for both income and capital appreciation.
The Fund is actively managed by a specialist fixed income investment team with a focus on identifying the best sectors for investment opportunities and then within the sectors to the most attractive securities to generate the potential for both income and capital appreciation.
Key Terms
| Status: | Open | Inception Date: | May 2004 |
| Strategy: | Credit | Style: | N/A |
| Geography: | Global | Domicile: | Australia |
| Investors: | Wholesale & Retail | Min. Investment: | AU$ 20,000 |
| Distributions: | Quarterly | Applications: | Daily |
| Fund Size: | AU$ 188.74m | Management Fee: | 0.80% |
| Manager FUM: | AU$ 7,636m | Performance Fee: | 0.00% |
Key Statistics
| Fund | Index* | Fund | Index* | ||
| Mar 2024: | 1.50% | 1.12% | Sharpe1: | 0.12 | 0.35 |
| 1 Year: | 1.73% | 1.47% | Sortino1: | 0.10 | 0.48 |
| 3 Years1,2: | -3.60% | -1.29% | Best Month1: | 6.08% | 3.36% |
| 5 Years1,2: | 0.74% | 0.17% | Worst Month1: | -12.85% | -3.75% |
| Inception1,2: | 3.76% | 4.41% | Volatility1,2: | 7.08% | 3.68% |
| Up-Capture1: | 47% | N/A | Down-Capture1: | 38% | N/A |
Cumulative Returns Fund Index
Principal Global Credit Opportunities Fund - Cumulative Performance vs Bloomberg AusBond Composite 0+ Yr Index
Drawdowns Fund Index
Drawdown%
Fund Index
Quintile Ranking vs. Fixed Income - Credit Peer Group (40 funds) as at March 2024
1 Year
3 Year
5 Year
7 Year
Principal Global Credit Opportunities Fund
RBA Cash Rate + 5%
Quintile Rankings display Key Performance Indicators (KPI's) against the fund's Peer Group. Each green square ranks the fund in one quintile (or 20%) of its peer group - five green squares indicate the fund is in the best quintile for each KPI. The performance of the peer group's underlying index is shown by a red dot.