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    Principal High Yield Fund I Inst (PYHIX)

    10.08 Up 0.03(0.30%) Dec 19

    Profile as of Nov 29, 2014Get 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:1.84B
    Year-to-Date Return:3.60%
    Yield:5.38%
    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 
    Daniel P. Doyle
    Lead Manager since Mar 1, 2014
    Dan Doyle, Managing Director, joined the firm in 2012.  Dan serves as a Product Specialist and Portfolio Manager for non-investment grade credit portfolios. In addition, he sits on the Credit Committee for high yield bonds and bank loans. Prior to joining the firm, Dan was a managing director at SunTrust Robinson Humphrey, specializing in high yield sales. He was also a portfolio manager at various firms, including Henderson Global Investors, ING Investment Management and Zurich Scudder Investments. Dan began his career at the Federal Reserve Bank of Chicago. Dan earned a BS from Northern Illinois University and an MBA from the University of Chicago.  He has also 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 33 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. Under normal circumstances, the fund maintains an average portfolio duration that is within ±25% of the duration of the Barclays US High Yield 2% Issuer Capped Index.

    Fund Operations 
    Last Dividend (Nov 27, 2014) : 0.04
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Dec 16, 2014) : 67.00%
    Average for Category:62.11%
    Fees & Expenses 
    ExpensePYHIXCategory Avg
    Annual Report Expense Ratio (net):0.65%1.08%
    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/A4.16%
    Max Deferred Sales Load: N/A2.11%
    3 Yr Expense Projection*:208538
    5 Yr Expense Projection*:362845
    10 Yr Expense Projection*:8101,737
    * Per $10,000 invested