Principal High Yield Fund Institutional Class (PHYTX)

7.76
Net Asset Value
-0.64%
1 Day
+0.52%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
0.59%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective The investment seeks to provide a relatively 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 (sometimes called "high yield bonds" or "junk bonds") which are rated at the time of each purchase Ba1 or lower by Moody's and BB+ or lower by S&P. It also invests in bank loans (also known as senior floating rate interests) and securities of foreign issuers, including those located in developing or emerging countries. The fund maintains an average portfolio duration that is within  20% of the duration of the Barclays US High Yield 2% Issuer Capped Index.

Performance

1 month-0.64% 3 years+8.57%
3 months+1.01% 5 years+11.31%
1 year+8.46% Since inception+8.78%
Data through --

Peer Comparisonvs. High yield bond

 PHYTXCategory
Performance 5-yr return+11.31%+12.57%
Expense ratio0.59%1.13%
Risk 5 year sharpe ratio1.861.79
Net assets$4.3B$1.7B
Average market cap--$12.8B
Average P/E--16.7
Portfolio turnover70%70%

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Fund Management and Purchase Info

Fund familyPrincipal Funds
Fund manager & tenureMark Denkinger / 5 Years
Minimal initial investment$0.00
Minimum IRA investment--

Holdings

Fixed income94.25%
Cash3.82%
Other1.93%
U.S. stock0.00%
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
-- ArcelorMittal39 SrN1.26%
-- Dish Dbs 6.75%1.04%
-- Taminco Global Chem 144A 9.75%1.03%
-- Ing U S FRN0.99%
-- Denali Borrower Llc / Denali 144A 5.625%0.95%
-- Navios Maritime Acquisition 144A 8.125%0.92%
-- Jpmorgan Chase FRN0.92%
-- Wideopenwest Fin Llc/Wideop 13.375%0.84%
-- Credit Accep Corp Mich 144A 6.125%0.79%
-- Dish Dbs 7.875%0.78%

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