Principal High Yield Fund (CPHYX)
The investment seeks to provide a 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 and bank loans (sometimes called "high yield" or "junk") which are rated, at the time of purchase, Ba1 or lower by Moody's and BB+ or lower by S&P Global. It also invests in investment grade bank loans (also known as senior floating rate interests) and securities of foreign issuers, including those located in developing or emerging markets.
Fund Info
| ISIN | US74254V6618 |
|---|---|
| CUSIP | 74254V661 |
| Issuer | Principal |
| Inception Date | Apr 8, 1998 |
| Category | High Yield Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
The Principal High Yield Fund has a high expense ratio of 0.91%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: CPHYX vs. DGRO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Principal High Yield Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Principal High Yield Fund had a return of 0.31% year-to-date (YTD) and 8.47% in the last 12 months. Over the past 10 years, Principal High Yield Fund had an annualized return of 3.99%, while the S&P 500 had an annualized return of 10.55%, indicating that Principal High Yield Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.31% | 6.33% |
| 1 month | -0.67% | -2.81% |
| 6 months | 9.21% | 21.13% |
| 1 year | 8.47% | 24.56% |
| 5 years (annualized) | 3.89% | 11.55% |
| 10 years (annualized) | 3.99% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.20% | 0.19% | 0.60% | |||||||||
| 2023 | -1.84% | -0.49% | 4.17% | 3.60% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Principal High Yield Fund(CPHYX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Principal High Yield Fund (CPHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Principal High Yield Fund granted a 5.89% dividend yield in the last twelve months. The annual payout for that period amounted to $0.39 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.38 | $0.35 | $0.34 | $0.35 | $0.40 | $0.42 | $0.37 | $0.41 | $0.42 | $0.54 | $0.65 |
Dividend yield | 5.89% | 5.67% | 5.44% | 4.70% | 4.82% | 5.50% | 6.17% | 4.88% | 5.63% | 6.25% | 7.29% | 8.32% |
Monthly Dividends
The table displays the monthly dividend distributions for Principal High Yield Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.04 | |||||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 |
| 2017 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2016 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 |
| 2015 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.05 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.12 |
| 2013 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.21 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Principal High Yield Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Principal High Yield Fund was 28.29%, occurring on Nov 21, 2008. Recovery took 172 trading sessions.
The current Principal High Yield Fund drawdown is 1.04%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.29% | May 5, 2008 | 141 | Nov 21, 2008 | 172 | Jul 31, 2009 | 313 |
| -20.68% | Feb 21, 2020 | 22 | Mar 23, 2020 | 94 | Aug 5, 2020 | 116 |
| -13.71% | Apr 19, 2002 | 120 | Oct 9, 2002 | 120 | Apr 2, 2003 | 240 |
| -13.58% | Jan 4, 2022 | 186 | Sep 29, 2022 | 299 | Dec 6, 2023 | 485 |
| -11.98% | Jun 2, 2015 | 177 | Feb 11, 2016 | 102 | Jul 8, 2016 | 279 |
Volatility
Volatility Chart
The current Principal High Yield Fund volatility is 1.07%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.