Mutual Fund Insights: Principal High Yield Inst Fund (PHYTX)

In-depth Analysis of Principal High Yield Inst Fund (PHYTX)

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See Principal High Yield Inst Fund (PHYTX) performance details as of January 31, 2010

  

Last Trade: $7.88 on 3/17/2010, Change: +0.01 (0.13%)

  

Fund Manager - Darrin E. Smith

Fund Manager Tenure: 0.9 years
Fundmojo Fund Grade: N/A (Score: *manager is new*)     (What does this score mean?)

Smith is a portfolio manager at PGI. He is a member of the high yield portfolio management team, with responsibility for high yield securities and leveraged loans. He joined the firm in 2007 and has 10 years experience as a high yield portfolio manager. Smith holds the Chartered Financial Analyst designation.  Get more insights on Darrin E. Smith

  

 What we like about Principal High Yield Inst Fund (PHYTX)

Data for Principal High Yield Inst Fund (PHYTX) as of January 31, 2010

• Principal High Yield Inst Fund (PHYTX) has good mid-term performance (3-year return 5.90% vs 3.11% High Yield Bond category average)
• Principal High Yield Inst Fund (PHYTX) has good Long-term performance (5-year return 8.23% vs 4.59% High Yield Bond category average)
• Principal High Yield Inst Fund (PHYTX) ratio of up-years vs down years is greater than 2
• Principal High Yield Inst Fund (PHYTX) has a Morningstar rating of 4 and above
• Principal High Yield Inst Fund (PHYTX) has an annual stock turnover rate of 57.00% vs High Yield Bond average of 95.38%. It is good that Principal High Yield Inst management does not trade extensively for its return.
• Principal High Yield Inst Fund (PHYTX) is less volatile than its peers as it has a 3-year Standard Deviation of 13.54, lower than category average of 15.39
• Principal High Yield Inst Fund (PHYTX) has a lower management fee than its High Yield Bond average: 0.54% vs 1.21%
• Principal High Yield Inst Fund (PHYTX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Principal High Yield Inst Fund (PHYTX)

Data for Principal High Yield Inst Fund (PHYTX) as of January 31, 2010

• Principal High Yield Inst Fund (PHYTX) management has been with Principal High Yield Inst Fund for only 0.9 years, it is hard to judge manager's ability based on this fund's operation record
• Principal High Yield Inst Fund (PHYTX) has a less-than-ideal short-term performance (1-year return 38.50% vs 41.66% High Yield Bond category average)

See Principal High Yield Inst Fund (PHYTX) performance details as of January 31, 2010

  

  

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Principal High Yield Inst Fund (PHYTX) Net Asset

Track net asset change of Principal High Yield Inst fund (PHYTX)

Date	Net Asset
01/2010	$839.48M
11/2009	$804.90M
10/2009	$796.34M

More historic net asset information on Principal High Yield Inst Fund (PHYTX)

  

Principal High Yield Inst Fund (PHYTX) Portfolio Allocation

Track portfolio allocation change of Principal High Yield Inst fund (PHYTX)

Date	Cash	Stock	Bond	Other
10/2009	5.25%	2.22%	84.19%	8.34%
09/2009	4.37%	2.43%	82.48%	10.72%
07/2009	6.5%	2.54%	77.04%	13.92%

Click here to see more historic asset allocation information on Principal High Yield Inst Fund (PHYTX)

  

Most Recent Top 10 Holdings in Principal High Yield Inst Fund (PHYTX)

Discover what Principal High Yield Inst Fund (PHYTX) manager is buying

31-Oct-09 Healthsouth 10.75% [1.71%] Bk Of Amer Corporation FRN [1.68%] Jpmorgan Chase FRN [1.36%] Ccm Merger 144A 8% [1.32%] Brazil Federative Rep 12.5% [1.28%] LINN ENERGY [1.26%] Iasis Cap 8.75% [1.26%] HCA Inc 9.25% [1.19%] Nextel Comms 7.375% [1.17%] Dynegy 8.375% [1.16%]

30-Sep-09 Healthsouth 10.75% [1.7%] Bk Of Amer Corporation FRN [1.65%] Ccm Merger 144A 8% [1.31%] Jpmorgan Chase FRN [1.29%] Alliance Imaging 7.25% [1.25%] LINN ENERGY [1.24%] Brazil Federative Rep 12.5% [1.24%] Iasis Cap 8.75% [1.22%] Nextel Comms 7.375% [1.17%] HCA Inc 9.25% [1.17%]

31-Jul-09 Healthsouth 10.75% [1.73%] Bk Of Amer Corporation FRN [1.68%] Brazil Federative Rep 12.5% [1.5%] JP Morgan Chase FRN [1.35%] Alliance Imaging 7.25% [1.33%] Ccm Merger 144A 8% [1.3%] Iasis Cap 8.75% [1.28%] HCA INC [1.25%] Nextel Comms 7.375% [1.24%] Aramark 8.5% [1.23%]

Click here for Stock Holding Change Map in Principal High Yield Inst Fund (PHYTX)

  

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See more information on Principal High Yield Inst Fund (PHYTX)

• Principal High Yield Inst Fund Insights
• Principal High Yield Inst Fund Performance Data
• Principal High Yield Inst Fund News
• Principal High Yield Inst Fund Score Explaination
• Principal High Yield Inst Fund Manager Information
• Historic Principal High Yield Inst Fund Asset Allocation Report
• Historic Principal High Yield Inst Fund Top 10 Holding Tracking
• Historic Principal High Yield Inst Fund Asset Under Management Tracking