InvestSMART
  1. Home
  2. Research & Advice
  3. Research Tools
  4. Managed Funds
  5. Principal Global Credit Opportunities - Managed fund profile

Principal Global Credit Opportunities - Managed Fund

Fund Objective
The Fund aims to achieve a total return above the Benchmark, before fees, over rolling three-year periods.
Fund Strategy
The Fund invests in a diversified range of fixed income securities across a number of sectors.

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}
Peers
Benchmark ({{ fund.benchmark.name }})
{{ fund.model.name }}
The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.
grow your money
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns.
Free Fees Report
investing
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers.
Free investor guide
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns. Free Fees Report
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers. Free investor guide

Fees Comparison

{{ fund.mer | number:2 }}
% p.a.
{{ fund.name }}
{{ modelPortfolio.mer * 100 | number:2 }}
% p.a.
{{ modelPortfolio.name }}
{{ fund.benchmark.peers.mer * 100 | number:2 }}
% p.a.
Average of peers ({{ fund.benchmark.peers.peerCount }})
NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
Upsell Banner

Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.28% 1.72% 1.22% 1.81% 4.28% 2.5% -1.53% 2.37%
Growth return 0.28% 1.54% 0.76% 0.72% 2.97% 1.11% -3.69% -1.01%
Income return 0% 0.18% 0.46% 1.09% 1.31% 1.39% 2.16% 3.38%
Market index (Bloomberg Global Aggregate TR Hdg AUD)
Total return 0.49% 1.25% 1.39% 2.84% 4.39% 2.5% -0.63% 1.95%
As at 31 Aug 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Principal Global Credit Opportunities
Cash
5.40%
Fixed Interest
93.37%
Alternatives
1.23%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Average Allocation of Peers
Cash
5.43%
Fixed Interest
92.34%
Alternatives
2.17%
Australian Equities
0.06%
International Equities
0.01%
Property & Infrastructure
0%

General Information

Fund Details
Type Description
Principal Global Credit Opportunities (Wholesale)
Ironbark Asset Mgmt (Fund Services) Ltd
PGI0001AU
Diversified Credit
star (as at 31 Aug 2025)
Investment Fund
31 May 2004
$200.58 million (as at 31 May 2024)
$0.8395 (as at 11 Sep 2025)
$0.8357 (as at 11 Sep 2025)
Open
Offer information
Type Description
MER 0.80% (as at 18 Dec 2024)
Indirect Cost Ratio (ICR) 0.80% (as at 30 Jun 2024)
Performance fee (not included in ICR) Not Available
Minimum initial investment $20,000
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 31 May 2024)

Holding (as at 31 May 2024) Type % of Portfolio
iShares 1-5 Year invmt Grd Corp Bd ETF Mutual Fund - ETF 3.83%
Login now to view the complete list of holdings.

FAQs about the Principal Global Credit Opportunities

The objective of the Principal Global Credit Opportunities managed fund is The Fund aims to achieve a total return above the Benchmark, before fees, over rolling three-year periods.

The strategy of the Principal Global Credit Opportunities managed fund is The Fund invests in a diversified range of fixed income securities across a number of sectors.

The APIR code of the Principal Global Credit Opportunities managed fund is PGI0001AU.

Principal Global Credit Opportunities’s total return last month was 0.28%. This was made up of a growth return of 0.28% and an income return of 0%. These returns were calculated as at 31 Aug 2025.

Principal Global Credit Opportunities’s total return for the last three months was 1.72%. This was made up of a growth return of 1.54% and an income return of 0.18%%. These returns were calculated as at 31 Aug 2025.

Principal Global Credit Opportunities’s one-year total return is 1.81%. This was made up of a growth return of 0.72% and an income return of 1.09%. These returns were calculated as at 31 Aug 2025.

Principal Global Credit Opportunities’s one-year total return is 2.5%. This was made up of a growth return of 1.11% and an income return of 1.39%. These returns were calculated as at 31 Aug 2025.

The asset allocation of the Principal Global Credit Opportunities managed fund is :

Cash
5.40%
Fixed Interest
93.37%
Alternatives
1.23%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%

The Responsible Entity for the Principal Global Credit Opportunities managed fund is Ironbark Asset Mgmt (Fund Services) Ltd.

The Principal Global Credit Opportunities managed fund belongs to the Diversified Credit sector/asset class.

As at 31 May 2024, the size of the Principal Global Credit Opportunities managed fund was $200.58 million.

The Principal Global Credit Opportunities managed fund has an inception date of 31 May 2004.

The current entry price of the Principal Global Credit Opportunities managed fund is $0.8395 per unit and the current exit price is $0.8357 per unit (as at 11 Sep 2025).

The current exit price of the Principal Global Credit Opportunities managed fund is $0.8357 per unit and the current entry price is $0.8395 per unit (as at 11 Sep 2025).

The minimum initial investment amount for the Principal Global Credit Opportunities managed fund is $20,000. Minimum additional investment is $0.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.