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Morningstar

Principal High Income Inst PYHIX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 7.80  /  0.76 %
  • Total Assets 3.2 Bil
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 0.600%
  • 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 7.31%
  • Effective Duration 3.21 years

USD | NAV as of Oct 03, 2023 | 1-Day Return as of Oct 03, 2023, 10:17 PM GMT+0

Morningstar’s Analysis PYHIX

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

People Pillar

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

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Principal High Income Inst to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

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

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PYHIX

More PYHIX Holdings
  • Current Portfolio Date
  • Equity Holdings 6
  • Bond Holdings 1883
  • Other Holdings 27
  • % Assets in Top 10 Holdings 8.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Principal Government Money Market R-6

2.05
66,163,338
—

NFP Corp. 6.875%

1.16
37,381,936
Corporate

Acrisure Llc / Acrisure Fin Inc 7%

0.75
24,118,489
Corporate

Tenet Healthcare Corporation 6.125%

0.72
23,342,046
Corporate

UKG INC

0.69
22,361,587
Corporate

United States Treasury Bills

0.63
20,393,957
Government

1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 4%

0.61
19,794,956
Corporate

SS&C Technologies, Inc. 5.5%

0.59
18,867,629
Corporate

Carnival Corporation 5.75%

0.57
18,243,121
Corporate

HUB International Ltd. 7%

0.57
18,236,117
Corporate