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Morningstar

PPM High Yield Core Institutional PKHIX

Morningstar Medalist Rating
Medalist Rating as of | See Ppm America Investment Hub
  • NAV / 1-Day Return 8.73  /  −0.32 %
  • Total Assets 37.5 Mil
  • Adj. Expense Ratio
    0.700%
  • Expense Ratio 0.700%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 7.08%
  • Effective Duration 3.14 years

USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:14 PM GMT+0

Morningstar’s Analysis PKHIX

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

  • People Pillar

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

Weakness in PPM High Yield Core Institutional's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PKHIX

More PKHIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

State Street Instl US Govt MMkt Premier

5.24 2.0 Mil
Cash and Equivalents

Altice Financing S.A. 5.75%

1.28 479,884
Corporate

Melco Resorts Finance Limited 5.375%

1.03 387,646
Corporate

VMED O2 UK Financing I PLC 4.75%

0.93 348,636
Corporate

Ascent Resources Utica Holdings LLC / ARU Finance Corp 7%

0.86 321,535
Corporate

Cimpress PLC 7%

0.86 320,771
Corporate

Pilgrims Pride Corporation 4.25%

0.85 320,129
Corporate

CQP Holdco LP & Bip-V Chinook Holdco LLC 5.5%

0.85 318,311
Corporate

American Airlines, Inc. 7.25%

0.81 304,604
Corporate

FTAI Aviation Ltd 6.5%

0.81 304,350
Corporate