Morningstar

Principal High Yield Fund Class A CPHYX

Morningstar Medalist Rating
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Medalist Rating as of See Principal Investment Hub
  • NAV / 1-Day Return $6.42  /  +0.63 %
  • Fund Size $3.6B
  • Adjusted Expense Ratio 0.900%
  • Net Expense Ratio 0.890%
  • Fee Level: Distribution Below Average
  • Share Class Type Front Load
  • Morningstar Category High Yield Bond
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 6.85%
  • Average Effective Duration 2.77 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis CPHYX

Will CPHYX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CPHYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the CPHYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of CPHYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A resilient high-yield fund.

Associate Analyst River Meng

River Meng

Associate Analyst

Summary

A seasoned group of investors leads Principal High Yield, a strategy that has demonstrated its durability across market cycles.

by River Meng
Rated on Published on

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Portfolio Holdings CPHYX

More CPHYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Principal Government Money Market R-6

1.86 68M
—

Energy Transfer LP 6.5%

0.92 34M
Corporate

Smyrna Ready Mix Concrete LLC 6%

0.83 30M
Corporate

Jazz Securities Designated Activity Co. 4.375%

0.76 28M
Corporate

Atlantica Sustainable Infrastructure Group PLC 6.375%

0.75 28M
Corporate

1261229 BC LTD

0.71 26M
Corporate

Global Aircraft Leasing Co Ltd 8.75%

0.70 26M
Corporate

Victra Holdings LLC / Victra Finance Corp. 8.75%

0.70 26M
Corporate

Freedom Mortgage Holdings LLC 9.125%

0.68 25M
Corporate

Iron Mountain Inc. 4.5%

0.67 25M
Corporate

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