Fund Research for Principal High Yield B (CBHYX)

  • Fund Overview

    Fund Inception Date: May 05, 1998
    Category: High Yield Bond
    Overall Risk: Below Average
    Fund Family: Principal Funds
    Return Since Inception: 6.58%
    YTD Return: 37.35%
    Yield (TTM): 7.92%
    Net Assets: 74.82 M
    Morningstar Rating:
    5 of 5
    The investment seeks to provide a relatively high level of current income. The fund invests primarily in high-yield, high-risk, below-investment-grade fixed-income securities (sometimes called "junk bonds"), which may include foreign investments. It invests normally at least 80% of net assets (plus any borrowings for investment purposes) in a diversified portfolio of fixed-income securities (including convertible securities and preferred stocks) rated lower than BBB by S&P or Fitch or rated lower than Baa by Moody's or of equivalent quality as determined by management.

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    Details
    Average Eff Duration 3.76 Yrs
    Average Eff Maturity 6.42 Yrs
    Average Credit Quality B
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/25/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/1998 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 37.35% 45.16% 4.35% 6.46% 7.18% 6.58%
    +/- Category -5.29% -4.99% 1.75% 2.46% 2.53% —
    +/- Barclays US Aggregate Bond TR USD — — — — 6.31% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 30.99% 32.04% 3.40% 6.23% 7.18% 6.58%
    Quarter (as of 09/30/2009) 30.02% 13.77% 3.84% 6.53% 7.09% 6.56%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/25/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/25/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 05/05/1998
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    US Government 0.00%
    Mortgage 0.20%
    Credit 78.45%
    Foreign 13.43%
    Cash 5.25%
    Bond Quality
    AAA 6.61%
    AA 0.00%
    A 0.00%
    BBB 4.61%
    BB 20.92%
    B 32.30%
    Below B 24.25%
    Not Rated 11.30%

    Asset Allocation

    Short Long Net Assets
    Cash — 5.25% 5.25%
    Stocks — 2.22% 2.22%
    Bonds — 84.19% 84.19%
    Other — 7.95% 7.95%
    Foreign Stocks
    (as a % of assets)    		 — 1.86% 1.86%
    Data as of 08/31/2009 Data as of 10/31/2009 View Fund Portfolio

    Top 10 Holdings

    Maturity Date Total Holdings Value of Holdings Net Assets
    = Healthsouth 10.75% 06/15/2016 43.5 M 47.2 M 1.70%
    = Bk Of Amer Corporation FRN 12/29/2049 51.5 M 45.79 M 1.65%
    = NEW FLYER INDS INC/NEW FLR C (NFI.UN) — 5.47 M 45.7 M 1.64%
    = Ccm Merger 144A 8% 08/01/2013 44.5 M 36.49 M 1.31%
    = Jpmorgan Chase FRN 04/29/2049 37.3 M 35.81 M 1.29%
    = Alliance Imaging 7.25% 12/15/2012 36 M 34.74 M 1.25%
    = LINN ENERGY 07/01/2018 34 M 34.51 M 1.24%
    - Brazil Federative Rep 12.5% 01/05/2016 55.6 M 34.4 M 1.24%
    = Iasis Cap 8.75% 06/15/2014 33.75 M 33.75 M 1.22%
    = Nextel Comms 7.375% 08/01/2015 36.32 M 32.6 M 1.17%
    + Increase - Decrease = No change * New since last portfolio
    Data as of 09/30/2009
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred 5.00%
    Taken from prospectus dated 06/30/2009
    Expense Ratio (based on net assets) 1.71%
    Taken from annual report dated 10/31/2008

  • Fund Management