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Morningstar

Principal High Income Inst PYHIX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 8.13  /  +0.25 %
  • Total Assets 3.5 Bil
  • Adj. Expense Ratio
    0.610%
  • Expense Ratio 0.610%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 7.07%
  • Effective Duration 2.95 years

USD | NAV as of Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 10:14 PM GMT+0

Morningstar’s Analysis PYHIX

Will PYHIX 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 PYHIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PYHIX 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 PYHIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Principal High Income Inst to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PYHIX

More PYHIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Principal Government Money Market R-6

2.08 73.5 Mil
—

NFP Corp. 6.875%

1.06 37.5 Mil
Corporate

1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 4%

0.71 25.1 Mil
Corporate

Tenet Healthcare Corporation 6.125%

0.66 23.3 Mil
Corporate

NEXUS BUYER LLC

0.59 21.0 Mil
Corporate

Bread Financial Holdings Inc 9.75%

0.58 20.6 Mil
Corporate

Venture Global LNG Inc. 8.375%

0.58 20.3 Mil
Corporate

Baffinland Iron Mines Corporation and Baffinland Iron Mines LP 8.75%

0.57 20.2 Mil
Corporate

Burford Capital Global Finance LLC 9.25%

0.55 19.5 Mil
Corporate

Trivium Packaging Finance BV 5.5%

0.54 18.9 Mil
Corporate