Fact sheet: Principal GIF HY

Fund information

Fund name
Principal GIF High Yield I Acc USD
Fund company manager
Principal Global Investors (Ir
Fund type
SIB
Fund manager(s)
Mark Denkinger
since 01/04/2008
Joshua Rank
since 23/06/2013
Darrin Smith
since 01/04/2008
Fund objective
The Fund seeks to provide a return consisting of income and, over the long term, capital growth. The Fund seeks to achieve its overall objective by investing primarily in a portfolio of U.S. dollar denominated high yield fixed income securities. Value will be primarily added through security selection.
Benchmark
BofA Merrill Lynch Global High Yield
Investment style
High Yield
Investment method
Fixed Interest

Performance snapshot

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

2.03 %

1 Year rank in sector

14/56

Sector

FO Fixed Int - USD High Yield

Yield
-
Fund size

£ 180.4 m

FE Risk score

80

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    64.73%
  • Luxembourg
    5.52%
  • UK
    5.02%
  • Canada
    4.49%
  • Germany
    3.38%
  • B
    19.87%
  • B-
    14.33%
  • BB-
    13.3%
  • BB
    13.12%
  • BB+
    12.46%
  • US Fixed Interest
    63.66%
  • Luxembourg Fixed Interest
    5.52%
  • UK Fixed Interest
    5.03%
  • Canadian Fixed Interest
    4.49%
  • German Fixed Interest
    3.38%

Performance vs. Sector

Sector
Fund
Sector
Fund
Sector
Fund

Cumulative performance

1m6m1y3y5y
Fund0.08 %-0.83 %2.03 %17.27 %30.05 %
Sector-0.02 %-0.22 %0.95 %11.61 %18.45 %
Rank within sector25 / 6442 / 6114 / 567 / 424 / 34
Quartile th2 nd3 rd1 st1 st1 st

Calendar performance

YTD-20182017201620152014
Fund-0.23 %7.69 %14.01 %-0.56 %0.94 %
Sector0.08 %4.49 %12.74 %-3.11 %0.67 %
Rank within sector39 / 607 / 5214 / 4610 / 4019 / 34
Quartile th3 rd1 st2 nd1 st3 rd

Risk statistics

Alpha1.38
Beta1.08
Sharpe0.37
Volatility4.79
Tracking error1.04
Information ratio1.57
R-Squared0.96

Price movement

52 week high26.43
52 week low25.59
Current bid price0
Current offer price0
Current mid price26.14

Holdings by region

  • 64.73% USA
  • 5.52% Luxembourg
  • 5.02% UK
  • 4.49% Canada
  • 3.38% Germany
  • 3.17% Netherlands
  • 2.41% Italy
  • 2.29% Brazil
  • 1.74% Spain
  • 1.68% Sweden

Holdings by sector

  • 19.87% B
  • 14.33% B-
  • 13.3% BB-
  • 13.12% BB
  • 12.46% BB+
  • 10.23% B+
  • 7.79% CCC+
  • 3.26% Non-Rated
  • 3.24% BBB-
  • 0.78% BBB+

Holdings by asset type

  • 63.66% US Fixed Interest
  • 5.52% Luxembourg Fixed Interest
  • 5.03% UK Fixed Interest
  • 4.49% Canadian Fixed Interest
  • 3.38% German Fixed Interest
  • 3.17% Dutch Fixed Interest
  • 2.41% Italian Fixed Interest
  • 2.29% Brazilian Fixed Interest
  • 1.74% Spanish Fixed Interest
  • 1.68% Swedish Fixed Interest

Individual holdings

  • 1.56% ING BANK NV FRN 15/05/53 USD1000
  • 1.25% NAVISTAR INTERNATIONAL CORP 6.625% BDS 01/11/2025 USD2000
  • 1.17% CCO HLDGS LLC/CAP CORP 5.125% BDS 01/05/23 USD2000
  • 1.12% NMG FINCO PLC 5% BDS 01/08/22 GBP100000
  • 0.98% PETROBRAS GLOBAL FINANCE BV 7.375% BDS 17/01/27 USD2000
  • 0.98% SPRINT CORP 7.875% BDS 15/09/23 USD2000
  • 0.94% CONSOLIDATED ENERGY FINANCE SA 6.88% 15/06/2025
  • 0.91% TRIUMPH GROUP INC 7.75% NTS 15/08/25 USD1000
  • 0.87% DIAMOND 1 FIN/DIAMOND 2 7.125% BDS 15/06/24 USD2000 REG S
  • 0.84% HCA INC 4.75% BDS 01/05/23 USD2000