Morningstar

Principal High Yield Fund Class R-6 PHYFX

Medalist Rating as of Apr 27, 2026 See Principal Investment Hub

Will PHYFX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

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Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PHYFX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar

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

A resilient high-yield fund.

Associate Analyst River Meng

River Meng

Associate Analyst

Summary

A seasoned group of investors leads Principal High Yield, a strategy that has demonstrated its durability across market cycles.

by River Meng

Rated on Apr 27, 2026 Published on Apr 27, 2026

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