CPHYX – Principal High Yield A Investment Strategy | Morningstar

Morningstar

Strategy

The investment seeks to provide a high level of current income. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in below investment grade bonds and bank loans (sometimes called “high yield” or “junk”), which are rated Ba1 or lower by Moody’s Investors Service, Inc. (“Moody’s”) and BB+ or lower by S&P Global Ratings. It also invests in investment grade bank loans (also known as senior floating rate interests) and securities of foreign issuers.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PHYTX	Principal High Yield Fund Institutional Class	Institutional	Open			Jul 28, 1998	$1.08B	0.610%	Below Average	$0	−$371.43M
CPHYX	Principal High Yield Fund Class A	Front Load	Open			Apr 8, 1998	$355.94M	0.900%	Below Average	$1,000	−$41.81M
CCHIX	Principal High Yield Fund Class C	Level Load	Open			Mar 1, 2002	$16.43M	1.690%	Below Average	$1,000	−$3.87M
PHYFX	Principal High Yield Fund Class R-6	Retirement, Large	Open			Nov 22, 2016	$2.22B	0.520%	Below Average	$0	−$2.45B

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