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USD
Principal High Yield A (CPHYX)
6.41
0.00
(0.00%)
At close: 8:07:04 PM EST
Fund Summary
Under normal circumstances, 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 Ba1 or lower by Moody’s Investors Service, Inc. (“Moody’s”) and BB+ or lower by S&P Global Ratings. It also invests in investment grade bank loans (also known as senior floating rate interests) and securities of foreign issuers.
Principal High Yield A
Des Moines, IA 50392
711 High Street
Fund Overview
| Category | High Yield Bond |
| Fund Family | Principal Funds |
| Net Assets | 3.67B |
| YTD Return | -0.07% |
| Yield | 6.85% |
| Morningstar Rating | |
| Inception Date | Nov 22, 2016 |
Fund Operations
| Last Dividend | 0.33 |
| Last Cap Gain | -14.00 |
|---|---|
| Holdings Turnover | 40.30% |
| Average for Category | -- |
Fees & Expenses
| Expense | CPHYX | Category Average |
|---|---|---|
|
Annual Report Expense Ratio (net)
|
0.90% | 0.95% |
|
Prospectus Net Expense Ratio
|
0.90% | -- |
|
Prospectus Gross Expense Ratio
|
0.90% | -- |
|
Max 12b1 Fee
|
-- | -- |
|
Max Front End Sales Load
|
-- | 3.88% |
|
Max Deferred Sales Load
|
-- | 1.28% |
|
3 Yr Expense Projection
|
0 | -- |
|
5 Yr Expense Projection
|
0 | -- |
|
10 Yr Expense Projection
|
0 | -- |
Management Information
Mark P. Denkinger, Lead Manager since May 04, 2009
Mark is a Portfolio Manager at Principal Global Fixed Income, with responsibility for high yield credit and leveraged loans. Previously, Mark was the Managing Director of fixed income credit research and trading.
Mark joined the firm in 1990 and assumed his current role in 2004, having previously served as a Portfolio Manager and Senior Research Analyst specializing in corporate debt with an emphasis on high yield and distressed credits. He received his bachelor's degree in finance and an MBA with a finance emphasis from the University of Iowa. Mark has earned the right to use the Chartered Financial Analyst designation. He is a member of the CFA Institute and the CFA Society of Iowa.Morningstar Style Box
