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    Principal High Yield Fund I Inst (PYHIX)

    9.51 Down 0.01(0.11%) Apr 29

    Profile as of Mar 30, 2016Get Profile for:
    Principal High Yield Fund I Inst
    Principal Funds IncPrincipal Financial Group 711 High StDes Moines, IA 50392
    Map
    Phone: 800-222-5852
    Fund Overview 
    Category:High Yield Bond
    Fund Family:Principal Funds
    Net Assets:843.67M
    Year-to-Date Return:2.82%
    Yield:5.93%
    Morningstar Rating:4 stars
    Fund Inception Date:Dec 29, 2004
    Morningstar Style Box 
    High Yield Bond
    [View Category Definition]
    View Top High Yield Bond Funds
    About the Morningstar Style Box
    Management Information 
    Thomas E. O'Reilly
    Lead Manager since Jul 19, 2007
    Thomas P. O’Reilly, CFA, Managing Director, joined the firm in 1997. Tom serves as Co-Portfolio Manager for high yield and blended credit portfolios. Tom serves on the firm’s Partnership Committee and is a member of the investment team setting overall portfolio strategy. Tom had previously been a high yield analyst at Stein Roe and BankAmerica for eight years. Tom earned a BS from Indiana University, an MBA from Loyola University and has been awarded the Chartered Financial Analyst designation.
    Investment Information 
    Min Initial Investment:0
    Min Initial Investment, IRA:N/A
    Min Initial Investment, AIP:N/A
    Min Subsequent Investment:N/A
    Min Subsequent Investment, IRA:N/A
    Min Subsequent Investment, AIP:N/A
    PYHIX can be purchased from 39 brokerages.

    Fund Summary 
    The investment seeks high current income. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in below investment grade bonds (sometimes called "high yield bonds" or "junk bonds") which are rated at the time of each purchase Ba1 or lower by Moody's and BB+ or lower by S&P. It also invests in bank loans (also known as senior floating rate interests) and securities of foreign issuers.

    Fund Operations 
    Last Dividend (Mar 30, 2016) : 0.05
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Apr 27, 2016) : 49.60%
    Average for Category:67.74%
    Fees & Expenses 
    ExpensePYHIXCategory Avg
    Annual Report Expense Ratio (net):0.65%1.07%
    Prospectus Net Expense Ratio:0.65%N/A
    Prospectus Gross Expense Ratio:0.65%N/A
    Max 12b1 Fee:N/AN/A
    Max Front End Sales Load:N/A4.15%
    Max Deferred Sales Load: N/A1.97%
    3 Yr Expense Projection*:208482
    5 Yr Expense Projection*:362765
    10 Yr Expense Projection*:8101,569
    * Per $10,000 invested