3 / 5 Stars
4 4 1 5 1
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#39 in High Yield Bond
U.S. News evaluated 179 High Yield Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 11.06 percent over the past year, 8.55 percent over the past three years, and 13.13 percent over the past five years.
|Trailing Returns||Updated 06.30.2014|
|Year to date||5.1%|
|3 Years (Annualized)||8.5%|
|5 Years (Annualized)||13.1%|
|10 Years (Annualized)||N/A|
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.
Fees are Above Average compared to funds in the same category.
Principal High Yield Fund I has an expense ratio of 0.65 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.