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Principal High Yield Inst PHYTX

Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 6.70  /  +0.32 %
  • Total Assets 2.5 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 6.39%
  • Effective Duration 3.12 years

USD | NAV as of Jul 12, 2024 | 1-Day Return as of Jul 12, 2024, 12:20 AM GMT+0

Morningstar’s Analysis PHYTX

Will PHYTX outperform in future?

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

A high-yield offering with durable performance.

Analyst Chiayi Tsui

Chiayi Tsui

Analyst

Summary

Principal High Yield’s team-based approach and a process anchored in fundamental research drive this group’s decision-making. While the strategy has struggled to maintain its footing during rocky market conditions, experienced managers prevent it from skidding off its tracks.

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Portfolio Holdings PHYTX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 9.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Principal Government Money Market R-6

1.62 40.7 Mil

United States Treasury Notes

1.00 25.1 Mil
Government

Tenet Healthcare Corporation 6.125%

0.94 23.7 Mil
Corporate

SRM Escrow Issuer Llc 6%

0.87 21.9 Mil
Corporate

Ladder Capital Finance Holdings LLLP/ Ladder Capital Finance Corp. 4.75%

0.79 20.0 Mil
Corporate

Aethon United Br Lp / Aethon United Finance Corporation 8.25%

0.77 19.4 Mil
Corporate

Hess Midstream Operations LP 4.25%

0.76 19.1 Mil
Corporate

Acadia Healthcare Company, Inc. 5%

0.76 19.0 Mil
Corporate

Maxim Crane Works Holdings Capital LLC 11.5%

0.74 18.7 Mil
Corporate

Archrock Partners LP/Archrock Partners Finance Corp 6.25%

0.74 18.7 Mil
Corporate