3 / 5 Stars
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Zacks Investment Research
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 174 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 6.05 percent over the past year, 7.34 percent over the past three years, 14.68 percent over the past five years, and 7.78 percent over the past decade.
|Trailing Returns||Updated 03.31.2014|
|Year to date||2.7%|
|3 Years (Annualized)||7.3%|
|5 Years (Annualized)||14.7%|
|10 Years (Annualized)||7.8%|
The investment seeks to provide a relatively high level of current income. The fund 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, including those located in developing or emerging countries. The fund maintains an average portfolio duration that is within ±20% of the duration of the Barclays US High Yield 2% Issuer Capped Index.
Fees are High compared to funds in the same category.
Principal High Yield Fund has an expense ratio of 1.76 percent.
Risk is Average compared to funds in the same category according to Morningstar.