Principal High Yield P (PYHPX - Free Report) a Zacks Rank #1 (Strong Buy) invests at least 80% of its net assets in high yield fixed income securities that are rated below investment grade or considered to be of comparable quality. It invests primarily in a professionally managed, diversified portfolio of fixed income securities rated below investment grade.
The Principal High Yield P fund, managed by UBS Global, carries an expense ratio of 0.94%. Moreover, PYHPX requires a minimal initial investment of $10,000.
PYHPX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 16.11%, 3 year 3.92% and 5 year 6.35%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here .
PYHPX’s performance, as of the last filing, when compared to funds in its category was in the top 10% in 1 year, top 13% over the past 3 years, and in the 11% over the past 5 years.
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