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
US74254V6618
74254V661
Apr 8, 1998
$1,000
Expense Ratio
CPHYX features an expense ratio of 0.91%, falling within the medium range.
Share Price Chart
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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 6.67% year-to-date (YTD) and 7.71% in the last 12 months. Over the past 10 years, Principal High Yield Fund had an annualized return of 4.81%, while the S&P 500 had an annualized return of 11.06%, indicating that Principal High Yield Fund did not perform as well as the benchmark.
CPHYX
6.67%
-0.05%
4.10%
7.71%
4.24%
4.81%
^GSPC (Benchmark)
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
Monthly Returns
The table below presents the monthly returns of CPHYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.20% | 0.19% | 0.60% | -0.16% | 1.03% | 0.94% | 1.60% | 1.46% | 1.20% | -0.50% | 0.44% | 6.67% | |
| 2023 | 3.44% | -1.40% | 1.62% | 0.90% | -1.04% | 1.45% | 1.23% | 0.34% | -1.84% | -0.49% | 4.17% | 3.60% | 12.42% |
| 2022 | -2.10% | -0.63% | -0.73% | -2.89% | -0.33% | -6.13% | 5.41% | -1.97% | -4.00% | 2.94% | 2.70% | -0.58% | -8.53% |
| 2021 | 0.23% | 0.50% | 0.40% | 1.11% | 0.37% | 1.33% | 0.28% | 0.40% | 0.12% | -0.27% | -0.85% | 1.67% | 5.39% |
| 2020 | -0.26% | -1.56% | -10.36% | 3.98% | 4.16% | 0.40% | 4.76% | 0.95% | -0.87% | 0.86% | 3.25% | 1.57% | 6.11% |
| 2019 | 4.36% | 1.51% | 0.91% | 1.59% | -1.03% | 2.12% | 0.61% | 0.34% | -0.02% | 0.01% | 0.44% | 1.77% | 13.24% |
| 2018 | 0.56% | -1.20% | -0.74% | 0.30% | 0.07% | 0.35% | 0.90% | 0.69% | 0.17% | -1.81% | -1.43% | -2.65% | -4.76% |
| 2017 | 1.38% | 1.49% | -0.06% | 0.93% | 0.56% | 0.04% | 1.21% | -0.13% | 1.17% | 0.61% | 0.02% | 0.31% | 7.77% |
| 2016 | -1.27% | -0.07% | 3.42% | 3.31% | 0.78% | 0.62% | 2.04% | 1.88% | 0.76% | 0.32% | -0.08% | 2.17% | 14.67% |
| 2015 | 0.67% | 2.46% | -0.20% | 1.12% | 0.72% | -1.41% | -0.33% | -1.78% | -2.37% | 2.64% | -1.76% | -2.51% | -2.88% |
| 2014 | 0.65% | 1.88% | 0.37% | 0.73% | 0.87% | 0.72% | -1.29% | 1.27% | -1.83% | 1.09% | -0.74% | -2.62% | 1.00% |
| 2013 | 1.46% | 0.51% | 0.94% | 1.78% | -0.73% | -2.49% | 2.06% | -0.66% | 0.97% | 2.26% | 0.24% | -1.50% | 4.82% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 94, CPHYX is among the top 6% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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 provided a 6.21% dividend yield over the last twelve months, with an annual payout of $0.42 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.38 | $0.35 | $0.35 | $0.35 | $0.40 | $0.42 | $0.37 | $0.41 | $0.42 | $0.46 | $0.48 |
Dividend yield | 6.21% | 5.69% | 5.42% | 4.73% | 4.84% | 5.57% | 6.18% | 4.89% | 5.63% | 6.25% | 6.17% | 6.20% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.00 | $0.39 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.38 |
| 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 | $0.35 |
| 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 | $0.35 |
| 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 | $0.35 |
| 2019 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.40 |
| 2018 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.42 |
| 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 | $0.37 |
| 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 | $0.41 |
| 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 | $0.42 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.46 |
| 2013 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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 30.11%, occurring on Nov 21, 2008. Recovery took 202 trading sessions.
The current Principal High Yield Fund drawdown is 1.31%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -30.11% | Nov 1, 2007 | 267 | Nov 21, 2008 | 202 | Sep 14, 2009 | 469 |
| -20.68% | Feb 21, 2020 | 22 | Mar 23, 2020 | 94 | Aug 5, 2020 | 116 |
| -13.71% | Apr 17, 2002 | 122 | Oct 9, 2002 | 120 | Apr 2, 2003 | 242 |
| -13.57% | 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 1.05%, 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.