Principal High Yield Fund Institutional Class (PHYTX)

Net Asset Value
1 Day
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
Expense Ratio
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.


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

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%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

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


Fixed income96.48%
U.S. stock0.91%
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%