Request URL: https://www.principal.com/InvestmentProfiles/holdings.faces
Investment Type: pif

High Yield R6 Fund (PHYFX)

Portfolio Composition

  as of 02/29/2024
   What's this?

Asset Type Net Short Long U.S. Bonds 81.09% 0.0%   81.09%   Non-U.S. Bonds 17.66% 0.0%   17.66%   Preferred 0.95% 0.0%   0.95%   Cash 0.21% 1.51%   1.72%   U.S. Stocks 0.08% 0.0%   0.08%   Total 99.99%

Top 10 Holdings   as of 02/29/2024    What's this? % of Net Assets United States Treasury Notes 1.22 Tenet Healthcare Corporation 6.125% 0.93 SRM Escrow Issuer Llc 6% 0.89 Principal Government Money Market R-6 0.88 MOZART DEBT MERGER 0.79 Ladder Capital Finance Holdings LLLP/ Ladder Capital Finance Corp. 4.75% 0.78 Acadia Healthcare Company, Inc. 5% 0.77 Archrock Partners LP/Archrock Partners Finance Corp 6.25% 0.75 DISH Network Corporation 11.75% 0.75 Maxim Crane Works Holdings Capital LLC 11.5% 0.75 Total*: 8.52 *Values may exceed 100% if both long and short positions are included in the portfolio View Full Portfolio Holdings	Morningstar Style Box™   as of 02/29/2024    What's this?
Credit Analysis   as of 02/29/2024    What's this? % Bonds AAA 3.57 BBB 2.39 BB 30.96 B 50.93 Below B 11.51 Not Rated 0.64	Statistics   as of 02/29/2024 Average Eff Duration (yrs): 3.18 Average Eff Maturity (yrs): 4.33 Avg Weighted Coupon: 6.17 Avg Weighted Price: $94.23 30-Day SEC Yield - Subsidized (Net) as of 03/31/2024: 7.16% 30-Day SEC Yield - Non-Subsidized (Gross) as of 03/31/2024: 7.16%
Analysis   as of 02/29/2024 Turnover Ratio: 28.00% # Stock Holdings: 3 # Bond Holdings: 326 # Other Holdings: 15 Total # of Holdings: 344

© 2024 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Investment options are subject to investment risk. Shares or unit values will fluctuate and investments, when redeemed, may be worth more or less than their original cost. Portfolio holdings are subject to change and companies referenced in this report may not currently be held. Information is current as of the creation of this piece. Keep in mind that portfolio holdings are subject to risk. Click here for a complete list of the most recent publicly available holdings. Insurance products and plan administrative services, if applicable, are provided by Principal Life Insurance Company. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities are offered through Principal Securities, Inc., 800-547-7754, member SIPC and/or independent broker/dealers. Securities sold by a Principal Securities Registered Representative are offered through Principal Securities. Principal Funds Distributor, Principal Securities and Principal Life are members of the Principal Financial Group®, Des Moines, IA 50392. Certain investment options may not be available in all states or U.S. commonwealths. The full name of this investment option is Principal Funds, Inc. - Principal High Yield R6 Fund. Investors should carefully consider a mutual fund's investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting principal.com, or calling 1-800-547-7754. Read the prospectus carefully before investing. Not FDIC Insured May Lose Value - Not a Deposit - No Bank Guarantee Not Insured by any Federal Government Agency

The Bloomberg US High Yld 2% Issuer Capped Index measures the performance of USD-denominated, non-investment grade, fixed-rate, taxable corporate bonds. It follows the same rules as the uncapped index but limits the exposure of each issuer to 2% of the total market value and redistributes any excess market value index-wide on a pro-rata basis. These calculated returns reflect the historical performance of the oldest share class of the fund, adjusted to reflect a portion of the fees and expenses of this share class. For time periods prior to inception date of the fund, predecessor performance is reflected. Please see the fund's prospectus for more information on specific expenses, and the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. High yield investment options are subject to greater credit risk and volatility that is associated with high yield bonds. Fixed-income and asset allocation investment options that invest in mortgage securities are subject to increased risk due to real estate exposure. Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Neither the principal of bond investment options nor their yields are guaranteed by the U.S. government.