PGLAX — Global Opportunities Fund

PGLAX Fund Overview

PGLAX — Global Opportunities Fund is a US mutual fund managed by Principal Funds, Inc., categorised as Emerging Markets Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Principal Funds, Inc.
• Category: Emerging Markets Blend / Core Equity
• Assets under management: $16.39M
• Ticker: PGLAX
• SEC CIK: 0000898745
• SEC series ID: S000039504
• Share class ID: C000131726

PGLAX Investment Objective and Strategy

Global Opportunities Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Principal Funds, Inc..

Investment objective

The Fund seeks long-term growth of capital.

Principal investment strategy

Under normal market circumstances, the Fund invests in equity securities of issuers located throughout the world, including the U.S., invests at least 30% of its net assets in foreign and emerging market securities, and holds investments tied economically to at least ten countries. The Fund has a flexible investment strategy and may invest in equity securities regardless of market capitalization (small, medium, or large) and style (growth or value). The Fund invests in value equity securities, an investment strategy that emphasizes buying equity securities that appear to be undervalued. The Fund also invests in growth equity securities, an investment strategy that emphasizes buying equity securities of companies whose potential for growth of capital and earnings is expected to be above average.

The Fund actively trades portfolio securities.

PGLAX Costs and Fees

PGLAX costs about $150 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.50%
• Gross expense ratio: 1.92%
• Portfolio turnover: 93%
• Brokerage commissions: 54.31 bps of average net assets (SEC N-CEN)

PGLAX Cashflows

Over the 12 months to 2019-11, Global Opportunities Fund had net outflows of $522.17K, from monthly SEC N-PORT filings.

PGLAX Debt Constituents

No individual debt constituents are reported in Global Opportunities Fund's latest SEC N-PORT filing.

PGLAX Prospectus and SEC Filings

Official Global Opportunities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-01-18
• Prospectus (485BPOS) — filed 2018-07-09
• Prospectus (485BPOS) — filed 2018-01-23
• Portfolio holdings (N-PORT) — filed 2020-01-24
• Annual census (N-CEN) — filed 2019-11-12
• Annual census (N-CEN) — filed 2018-11-13

Related Funds

Other Emerging Markets Blend / Core Equity funds tracked on ABC INVEST:

• Strategic Advisers Fidelity Emerging Markets Fund (FGOMX)
• iShares MSCI South Korea ETF (EWY)
• Strategic Advisers Emerging Markets Fund (FSAMX)
• iShares MSCI Taiwan ETF (EWT)
• iShares MSCI Brazil ETF (EWZ)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.