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CBHYX Principal High Yield B

  • Fund
  • CBHYX
  • Price as of: Feb 23, 2015
  • $7.55
  • + $0.01
  • + 0.13%
  • Category
  • High Yield Bonds

CBHYX - Profile

Vitals

  • YTD Return 1.6%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $3.6 B
  • Holdings in Top 10 9.7%

52 WEEK LOW AND HIGH

$7.55
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.72%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 51.70%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

High Yield Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return 1.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.73%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Principal High Yield Fund
  • Fund Family Name Principal Funds
  • Inception Date May 05, 1998
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Darrin E. Smith

CBHYX - Performance

Return Ranking - Trailing

Period CBHYX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.6% -30.0% 20.5% 61.07% 5
1 Yr 1.2% -30.5% 10.8% 72.66% 4
3 Yr N/A * -11.3% 8.2% N/A N/A
5 Yr N/A * -12.9% 7.6% N/A N/A
10 Yr N/A * -12.2% 12.4% N/A N/A

* Annualized


Return Ranking - Calendar

Period CBHYX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 N/A -34.3% 7.2% N/A N/A
2014 N/A -5.0% -1.0% N/A N/A
2013 N/A -1.3% 3.8% N/A N/A
2012 N/A 7.4% 9.6% N/A N/A
2011 N/A -8.1% -0.2% N/A N/A

Total Return Ranking - Trailing

Period CBHYX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.6% -30.0% 20.5% 62.32% 5
1 Yr -3.6% -30.5% 10.2% 88.94% 5
3 Yr N/A * -11.3% 8.2% N/A N/A
5 Yr N/A * -12.9% 7.6% N/A N/A
10 Yr N/A * -12.2% 12.4% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period CBHYX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 N/A -34.3% 7.2% N/A N/A
2014 N/A -4.8% -0.6% N/A N/A
2013 N/A -1.3% 4.5% N/A N/A
2012 N/A 7.4% 10.4% N/A N/A
2011 N/A -7.8% -0.2% N/A N/A

NAV & Total Return History

CBHYX - Holdings

Filings data as of: Jan 31, 2015

Concentration Analysis

CBHYX Category Low Category High CBHYX % Rank Quintile
Net Assets 3.6 B 859 K 19.6 B 3.68% 1
Number of Holdings 321 1 1294 12.88% 3
Net Assets in Top 10 350 M -32.2 M 3.99 B 3.68% 1
Weighting of Top 10 9.7% 0.0% 100.0% 22.70% 4

Top 10 Holdings

  1. Ing U S FRN 1.53%
  2. ArcelorMittal39 SrN 1.17%
  3. Dish Dbs 6.75% 1.17%
  4. Navios Maritime Acquisition 144A 8.125% 0.98%
  5. Wideopenwest Fin Llc/Wideop 13.375% 0.89%
  6. Credit Accep Corp Mich 144A 6.125% 0.89%
  7. Barclays FRN 0.84%
  8. Jpmorgan Chase FRN 0.76%
  9. Sprint Nextel 7% 0.73%
  10. Wellcare Health Plans 5.75% 0.69%

Asset Allocation

Weighting Category Low Category High CBHYX % Rank Quintile
Bonds
91.22% -5.63% 107.80% 16.10% 3
Cash
5.83% -11.47% 133.84% 12.58% 2
Other
1.45% -34.84% 38.60% 11.96% 3
Preferred Stocks
0.94% 0.00% 12.41% 7.67% 2
Convertible Bonds
0.56% 0.00% 18.92% 8.44% 2
Stocks
0.00% 0.00% 99.05% 13.34% 5

Bond Sector Breakdown

Weighting Category Low Category High CBHYX % Rank Quintile
Corporate
90.41% 0.00% 101.98% 12.27% 3
Cash & Equivalents
5.83% -7.60% 133.84% 12.73% 2
Derivative
1.53% -19.62% 5.63% 0.61% 1
Government
0.19% -6.62% 39.91% 20.71% 5
Securitized
0.15% 0.00% 68.88% 15.49% 4
Municipal
0.00% 0.00% 99.16% 3.68% 5

Bond Geographic Breakdown

Weighting Category Low Category High CBHYX % Rank Quintile
US
64.71% -5.63% 100.00% 24.39% 5
Non US
26.51% 0.00% 45.22% 3.07% 1

CBHYX - Expenses

Operational Fees

CBHYX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.72% 0.00% 7.85% 9.83% 4
Management Fee 0.51% 0.12% 1.00% 4.60% 2
12b-1 Fee 1.00% 0.00% 1.00% 0.22% 5
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

CBHYX Fees (% of AUM) Category Low Category High CBHYX Rank Quintile
Front Load N/A 2.00% 5.75% N/A N/A
Deferred Load 5.00% 0.75% 5.50% 1.34% 5

Trading Fees

CBHYX Fees (% of AUM) Category Low Category High CBHYX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CBHYX Fees (% of AUM) Category Low Category High CBHYX Rank Quintile
Turnover 51.70% 7.20% 2247.00% 10.45% 3

CBHYX - Distributions

Dividend Yield Analysis

CBHYX Category Low Category High CBHYX % Rank Quintile
Dividend Yield 0.5% 0.00% 6.16% 28.14% 3

Dividend Distribution Analysis

CBHYX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

CBHYX Category Low Category High CBHYX % Rank Quintile
Net Income Ratio 4.73% -2.75% 8.95% 27.50% 4

Capital Gain Distribution Analysis

CBHYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

CBHYX - Managers

Darrin E. Smith

Manager

Start Date

May 04, 2009

Tenure

5.75

Tenure Rank

8.1%

Darrin E. Smith has been with Principal Global Investors since 2007 and has over 10 years experience as a high yield portfolio manager. As a co-employee of PGI, Mr. Smith manages Principal Fund assets as an employee of Edge, but uses PGI’s proprietary investment process and resources. He earned a bachelor’s degree in Economics from Iowa State University and an M.B.A. from Drake University. Mr. Smith has earned the right to use the Chartered Financial Analyst designation.


Mark P. Denkinger

Manager

Start Date

May 04, 2009

Tenure

5.75

Tenure Rank

8.1%

Mark Denkinger, CFA - Portfolio Manager Mark is a portfolio manager at Principal Global Fixed Income, with responsibility for high yield credit and levered loans. Previously, Mark was the managing director of fixed income credit research and trading. Mark joined the firm in 1990 and assumed his current role in 2004, having previously served as a portfolio manager and senior research analyst specializing in corporate debt with an emphasis on high yield and distressed credits. He received his bachelor's degree in finance and an MBA with a finance emphasis from the University of Iowa. Mark has earned the right to use the Chartered Financial Analyst designation. He is a member of the CFA Institute.


Tenure Analysis

Category Low

0.0

Category High

56.2

Category Average

6.26

Category Mode

1.6