Two subadvisers of Principal's Global Diversified Income Fund make portfolio management changes

By Toni Weeks

San Diego, Dec. 21 - Principal Funds, Inc. announced several portfolio management changes to its Global Diversified Income Fund, according to a 497 filing with the Securities and Exchange Commission.

Xiaoxi Li has been added to the portfolio management team under subadviser Principal Global Investors, LLC, which he joined in 2006.

In addition, subadviser Guggenheim Investment Management, LLC has further defined the team responsible for managing its allocation of the fund. Jeffrey B. Abrams and Kevin H. Gunderson have been named lead portfolio managers. They are supported by Patrick Mitchell, who provides strategic direction. As of Dec. 16, Richard Lindquist is no longer part of the portfolio management team for the fund.

The fund is managed by Des Moines-based Principal Management Corp.

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