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Morningstar

Principal High Yield C CCHIX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 6.65  /  0.14 %
  • Total Assets 2.3 Bil
  • Adj. Expense Ratio
    1.690%
  • Expense Ratio 1.640%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.54%
  • Effective Duration 3.72 years

USD | NAV as of Jan 26, 2023 | 1-Day Return as of Jan 26, 2023, 11:10 PM GMT+00:00

Morningstar’s Analysis CCHIX

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

People Pillar

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

A high-yield offering run by a capable team.

Analyst

Summary

| by Chiayi Tsui

Principal High Yield is run by a team of experienced managers and dedicated analysts with diverse backgrounds. A well-structured process anchored in bottom-up research has at times struggled to maintain its footing during rocky market conditions. The strategy earns a Morningstar Analyst Rating of Neutral on all share classes.

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