Nasdaq - Delayed Quote USD

Principal High Yield A (CPHYX)

6.66 +0.02 (+0.30%)
At close: 8:01 PM EDT

Fund Summary

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.

Principal High Yield A

Des Moines, IA 50392
711 High Street
(800) 986-3343

Fund Overview

Category High Yield Bond
Fund Family Principal Funds
Net Assets 2.54B
YTD Return 1.50%
Yield 5.82%
Morningstar Rating
Inception Date Mar 01, 2002

Fund Operations

Last Dividend 0.10
Last Cap Gain -23.00
Holdings Turnover 28.00%
Average for Category --

Fees & Expenses

Expense CPHYX Category Average
Annual Report Expense Ratio (net) 1.75% 0.95%
Prospectus Net Expense Ratio 1.75% --
Prospectus Gross Expense Ratio 1.75% --
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. 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

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Related Tickers