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.
Principal High Yield C CCHIX
NAV / 1-Day Return
7.49
/
0.03
%
Total Assets
3.0 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.660%
Expense Ratio
1.660%
Fee Level
Below Average
Longest Manager Tenure
12.22
years
Category
High Yield Bond
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
1,000
Status
Open
TTM Yield
3.87%
Effective Duration
3.31
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
An appetite for yield limits our confidence in this strategy.
