Principal High Yield Fund Institutional Class (PHYTX)

7.30
Net Asset Value
0.00%
1 Day
-2.14%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
0.64%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective The investment seeks to provide a high level of current income. The fund invests at least 80% of its net assets- plus any borrowings for investment purposes- in below investment grade bonds and bank loans (sometimes called "high yield" or "junk") which are rated- at the time of purchase- Ba1 or lower by Moody's and BB+ or lower by S&P Global. It also invests in investment grade bank loans (also known as senior floating rate interests) and securities of foreign issuers- including those located in developing or emerging countries.

Performance

1 month+0.77% 3 years+4.98%
3 months-1.03% 5 years+5.00%
1 year+4.30% Since inception+7.85%
Data through --

Peer Comparisonvs. High yield bond

 PHYTXCategory
Performance 5-yr return+5.00%+3.82%
Expense ratio0.64%1.05%
Risk 5 year sharpe ratio0.960.79
Net assets$3.2B$1.3B
Average market cap--$6.2B
Average P/E----
Portfolio turnover51%51%

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Fund Management and Purchase Info

Fund familyPrincipal Funds
Fund manager & tenureMark Denkinger / 8 Years
Minimal initial investment$0.00
Minimum IRA investment--

Holdings

Fixed income96.48%
Cash1.97%
U.S. stock0.91%
Other0.63%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service 100.00%
Consumer goods 0.00%
Consumer service 0.00%
Energy 0.00%
Financial service 0.00%
Top 10 Holdings
Portfolio weighting
-- 1.61%
-- 1.27%
-- 1.25%
-- 0.99%
-- 0.89%
-- 0.83%
-- 0.76%
-- 0.76%
-- 0.74%
-- 0.73%