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Principal Funds has changed its Principal Global Diversified Income Fund. It added a global public infrastructure allocation, by offering exposure to assets that have historically provided predictable and steady cash flows with strong yield potential. It also added a call option overwriting strategy to reduce the volatility of the underlying equity strategies and enhance the return potential, and redefined the role of commercial mortgage-backed securities in the fund, moving it from an opportunistic strategy within the Global Real Estate allocation to a separate, more strategic allocation.

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