Principal High Yield’s experienced team and low fees are commendable, but its investment process lacks a clear edge, supporting a Morningstar Analyst Rating of Neutral on all share classes.
Will CCHIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of CCHIX’s parent organization’s priorities and whether they’re in line with investors’ interests.