It provides 12VDC from either shore power or the trailer (or tow vehicle) battery and charges the trailer battery.
It provides an AC Circuit Breaker panel much like the one in your house to protect the 120 VAC wiring to the converter and to any branch circuits you've installed in your TD.
It provides 12 fused 12 VDC circuits for lights, fan, etc.
So, your shore power wiring goes in one side, through a couple of circuit breakers, and 12 VDC comes out the other side on 12 different wires, and the battery and battery disconnect goes in the middle.
As for the details, it all depends on your trailer. On mine, I use 3 DC circuits, Lights, Accessory outlets, and Fan. I have one 120 VAC branch circuit with outlets in the cabin and the galley, and I have a 60 AH deep cycle AGM battery. I don't have an inverter to convert 12 VDC to 120 VAC because they are hugely inefficient and are power hogs. I have 120 VAC only when the trailer is plugged into shore power.
But I'm camping on the left coast where I don't need air conditioning just to be able to sleep, as is the case in other parts of the country. If you need AC and are planning to camp off-grid, you'll need a generator or one heck of a large battery bank.
That's probably confusion enough for now. You can find the installation manual for the PD4045
here.
<Chas>
