Morningstar

Principal High Yield A CPHYX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 6.89  /  −0.13 %
  • Total Assets 4.4 Bil
  • Adj. Expense Ratio
    0.940%
  • Expense Ratio 0.940%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 6.04%
  • Effective Duration 2.79 years

USD | NAV as of Oct 03, 2024 | 1-Day Return as of Oct 03, 2024, 1:05 AM GMT+0

Morningstar’s Analysis CPHYX

Will CPHYX outperform in 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 high-yield offering with durable performance.

Analyst Chiayi Tsui

Chiayi Tsui

Analyst

Summary

Principal High Yield’s team-based approach and a process anchored in fundamental research drive this group’s decision-making. While the strategy has struggled to maintain its footing during rocky market conditions, experienced managers prevent it from skidding off its tracks.

by Chiayi Tsui
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 12.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Principal Government Money Market R-6

4.77 140.4 Mil
—

SPDR® Blmbg High Yield Bd ETF

1.71 50.3 Mil
—

Transocean Inc. 8.5%

0.93 27.4 Mil
Corporate

SRM Escrow Issuer Llc 6%

0.86 25.3 Mil
Corporate

Lightning Power LLC 7.25%

0.78 22.9 Mil
Corporate

Acadia Healthcare Company, Inc. 5%

0.74 21.9 Mil
Corporate

Tenet Healthcare Corporation 6.125%

0.73 21.6 Mil
Corporate

Hess Midstream Operations LP 4.25%

0.73 21.6 Mil
Corporate

Archrock Partners LP/Archrock Partners Finance Corp 6.25%

0.72 21.2 Mil
Corporate

Ladder Capital Finance Holdings LLLP/ Ladder Capital Finance Corp. 4.75%

0.71 21.0 Mil
Corporate

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