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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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Fund Manager Focus: Marc Dummer, Co-Manager, Principal Global Diversified Income Fund

FYI: When he’s not on the road, Marc Dummer wakes up at 5:30 a.m., puts on a pair of shorts, and makes a 30-foot commute to his home office in Scottsdale, Ariz.
He and his wife moved to this recreational hot spot from Des Moines, Iowa, two years ago, as part of a flexible work program at Principal Global Investors. “They said you can live anywhere, as long as you’re near a major airport,” says Dummer, who is among the 6% of the Principal Financial Group’s U.S. employees who telecommute. The upshot: Business trips are less taxing, and time on the job is more productive. “At the end of the day, it’s about quality of your work,” he adds
Regards,
Ted
http://online.barrons.com/articles/principals-income-fund-many-ways-to-a-high-yielding-end-1428722943#printMode

M* Snapshot PGBAX: http://quotes.morningstar.com/fund/f?t=PGBAX&region=usa&culture=en-US

Lipper Snapshot PGBAX: http://www.marketwatch.com/investing/Fund/PGBAX?countrycode=US

PGBAX Is Ranked #14 In The (CA) Fund Category By U.S. News & World Report:
http://money.usnews.com/funds/mutual-funds/conservative-allocation/principal-global-div-inc-fund/pgbax

Comments

  • edited April 2015
    Hi Ted,

    It is nice to read good things about a fund (PGBAX) that I own. Form my perspective it has served me well and is one of six funds that I hold within the hybrid income sleeve of my portfolio; and, it carries about a twelve percent weighting within its sleeve. The largest position held within this sleeve is FKINX with about a thirty percent weighting and one that I have own for many many years. Its inception year is 1948 the same as my birth year and a fund that I have owned since the mid fifties from a little seed money, gift, received form my great grandfather plus some of my teenage yard mowing proceeds invested in it.

    Old_Skeet
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