Principal High Income Fund (PYHIX)
The investment seeks high current income. Under normal circumstances, the fund invests primarily in below investment grade bonds and bank loans which are rated, at the time of purchase, Ba1 or lower by Moody's Investors Service, Inc. ("Moody's") and BB+ or lower by S&P Global Ratings ("S&P Global") (if the bond or bank loan has been rated by only one of those agencies, that rating will determine whether it is below investment grade; if the bond or bank loan has not been rated by either of those agencies, those selecting such investments will determine whether it is of a quality comparable to those rated below investment grade).
Fund Info
US74254R6374
74254R637
Dec 29, 2004
$0
Expense Ratio
PYHIX has an expense ratio of 0.60%, placing it in the medium range.
Share Price Chart
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Performance
Performance Chart
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Returns By Period
PYHIX
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^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of PYHIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.20% | 0.00% | 1.20% | ||||||||||
| 2024 | 0.18% | 0.19% | 1.30% | -0.87% | 1.20% | 0.83% | 1.80% | 1.49% | 1.17% | -1.20% | 0.86% | -0.30% | 6.80% |
| 2023 | 3.90% | -1.16% | 1.07% | 1.05% | -0.92% | 1.74% | 1.48% | 0.10% | -1.11% | -1.23% | 4.17% | 3.43% | 13.02% |
| 2022 | -2.37% | -0.90% | -0.70% | -3.41% | -0.13% | -6.36% | 5.43% | -2.02% | -4.01% | 2.51% | 1.86% | -0.88% | -10.95% |
| 2021 | 0.33% | 0.22% | 0.33% | 0.96% | 0.20% | 1.27% | 0.31% | 0.63% | -0.00% | -0.33% | -0.72% | 1.76% | 5.06% |
| 2020 | 0.18% | -1.43% | -11.59% | 3.17% | 4.27% | 0.83% | 4.77% | 0.92% | -0.62% | 0.68% | 3.41% | 1.80% | 5.45% |
| 2019 | 4.20% | 1.40% | 0.87% | 1.61% | -1.52% | 1.83% | 0.44% | -0.20% | 0.12% | -0.19% | 0.31% | 2.39% | 11.74% |
| 2018 | 0.99% | -0.73% | -0.54% | 0.31% | -0.05% | 0.09% | 1.15% | 0.51% | 0.47% | -1.59% | -0.75% | -2.55% | -2.73% |
| 2017 | 1.24% | 1.42% | -0.31% | 0.92% | 0.75% | -0.15% | 1.12% | -0.07% | 0.81% | 0.16% | -0.54% | 0.32% | 5.80% |
| 2016 | -1.17% | 0.72% | 3.31% | 3.44% | 0.38% | 0.70% | 2.39% | 1.92% | 0.48% | 0.13% | -0.59% | 1.62% | 14.04% |
| 2015 | 0.87% | 2.28% | -0.80% | 1.23% | 0.18% | -1.50% | -0.58% | -1.67% | -2.74% | 2.69% | -2.38% | -2.20% | -4.69% |
| 2014 | 0.67% | 2.04% | 0.00% | 0.54% | 0.93% | 0.82% | -1.59% | 1.79% | -2.19% | 1.35% | -0.68% | -2.03% | 1.54% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 95, PYHIX is among the top 5% 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 Income Fund (PYHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Principal High Income Fund provided a 6.71% dividend yield over the last twelve months, with an annual payout of $0.55 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.68 | $0.58 | $0.51 | $0.48 | $0.54 | $0.63 | $0.57 | $0.52 | $0.55 | $0.55 | $0.65 |
Dividend yield | 6.71% | 8.44% | 7.04% | 6.56% | 5.16% | 5.72% | 6.65% | 6.29% | 5.26% | 5.56% | 6.04% | 6.39% |
Monthly Dividends
The table displays the monthly dividend distributions for Principal High Income 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.05 | $0.05 | $0.10 | ||||||||||
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.08 | $0.10 | $0.06 | $0.06 | $0.68 |
| 2023 | $0.05 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.58 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.06 | $0.06 | $0.51 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2020 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.54 |
| 2019 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.63 |
| 2018 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.57 |
| 2017 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.52 |
| 2016 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.05 | $0.55 |
| 2015 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.55 |
| 2014 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.13 | $0.65 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Principal High Income 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 Income Fund was 28.25%, occurring on Dec 12, 2008. Recovery took 151 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.25% | Jan 3, 2007 | 490 | Dec 12, 2008 | 151 | Jul 22, 2009 | 641 |
| -20.52% | Feb 21, 2020 | 22 | Mar 23, 2020 | 158 | Nov 4, 2020 | 180 |
| -14.06% | Jan 3, 2022 | 187 | Sep 29, 2022 | 308 | Dec 20, 2023 | 495 |
| -12.5% | Jun 2, 2015 | 177 | Feb 11, 2016 | 102 | Jul 8, 2016 | 279 |
| -11.08% | May 17, 2011 | 98 | Oct 4, 2011 | 98 | Feb 24, 2012 | 196 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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