Principal High Yield Fund Class C (CCHIX) seeks high yield corporate issues at a discount. The fund primarily invests at least 80% of its net assets in a diversified portfolio of fixed income securities (including debt securities, convertible securities and preferred stocks). The fund may also invest in securities of foreign issuers including those located in developing or emerging countries.
This High Yield Bond product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 3.5% and 5 year 5.6%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
CCHIX’s performance, as of the last filing, when compared to funds in its category was in the top 22% over the past 1 year, and in the top 35% over the past 3 years and in the top 32% over the past 5 years.
This Zacks Rank #1 (Strong Buy) was incepted in April 1998 and is managed by Principal Fin. CCHIX carries an expense ratio of 1.65% and requires a minimal initial investment of $1,000.
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Zacks Investment Research