Fact sheet: Principal GIF PtGbLtdTHY

Fund information

Fund name
Principal GIF Post Global Limited Term High Yield I Acc USD
Fund company manager
Principal Global Investors (Ir
Fund type
SIB
Fund manager(s)
Schuyler Hewes
since 19/03/2014
Henry Chyung
since 01/01/2014
Dan Ross
since 01/06/2016
David Kim
since 19/03/2014
Jeffrey Stroll
since 19/03/2014
Fund objective
The Fund’s primary objective is to seek to achieve a high rate of return relative to the 18-month U.S. Treasury yield. The Fund seeks to accomplish its objective by primarily investing in a portfolio of short-term, lower volatility, high yield debt with an average duration of approximately 12-24 months. The Fund will invest in a diversified portfolio of high yield securities, including global corporate bonds, bank debt, convertible bonds, commercial paper and preferred stocks. Of these securities, the Fund intends to primarily invest in “called” bonds, “tendered” bonds, maturing bonds, puttable bonds, callable bonds, company buy-backs and anticipated take-outs.
Benchmark
Barclays Capital U.S. Government 1-2 Years
Investment style
High Yield
Investment method
Fixed Interest

Quick stats

1 Year return

3.06 %

1 Year rank in sector

66/84

Sector

FO Fixed Int - Global High Yield

Yield
-
Fund size

£ 928.9 m

FE Risk score

16

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    89.8%
  • United Arab Emirates
    2.55%
  • Ireland
    1.89%
  • Money Market
    1.68%
  • Luxembourg
    1.28%
  • BB-
    24.46%
  • B+
    18.61%
  • BB
    16.66%
  • BB+
    11.96%
  • B
    8.08%
  • US Fixed Interest
    89.8%
  • GCC Fixed Interest
    2.55%
  • Irish Fixed Interest
    1.89%
  • Money Market
    1.68%
  • Luxembourg Fixed Interest
    1.28%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.46 %0.8 %3.06 %10.93 %18.26 %
Sector0.68 %1.84 %4.9 %15.28 %20.72 %
Rank within sector75 / 9976 / 9166 / 8451 / 6531 / 48
Quartile th4 th4 th4 th4 th3 rd

Calendar performance

YTD-20182017201620152014
Fund0.34 %2.95 %5.33 %2.04 %1.29 %
Sector0.55 %5.21 %11.43 %-2.49 %1.36 %
Rank within sector73 / 9968 / 8365 / 717 / 6529 / 55
Quartile th3 rd4 th4 th1 st3 rd

Risk statistics

Alpha1.87
Beta0.34
Sharpe-
Volatility1.8
Tracking error3.05
Information ratio-0.36
R-Squared0.67

Price movement

52 week high13.0783
52 week low12.66
Current bid price0
Current offer price0
Current mid price13.0677

Holdings by region

  • 89.8% USA
  • 2.55% United Arab Emirates
  • 1.89% Ireland
  • 1.68% Money Market
  • 1.28% Luxembourg
  • 1% UK
  • 0.97% Germany
  • 0.46% France
  • 0.37% Canada

Holdings by sector

  • 24.46% BB-
  • 18.61% B+
  • 16.66% BB
  • 11.96% BB+
  • 8.08% B
  • 6.55% B-
  • 5.12% BBB-
  • 4.22% Non-Rated
  • 2.65% CCC+
  • 1.68% Money Market

Holdings by asset type

  • 89.8% US Fixed Interest
  • 2.55% GCC Fixed Interest
  • 1.89% Irish Fixed Interest
  • 1.68% Money Market
  • 1.28% Luxembourg Fixed Interest
  • 1% UK Fixed Interest
  • 0.97% German Fixed Interest
  • 0.46% French Fixed Interest
  • 0.37% Canadian Fixed Interest

Individual holdings

  • 3.01% HUGHES SATELLITE SYS CORP 6.5% BDS 15/06/19 USD1000
  • 2.94% TRANSDIGM INC 5.5% BDS 15/10/20 USD1000
  • 2.79% CCO HLDGS LLC/CCO HLDGS CAPITAL CP 5.25% NTS 15/03/21 USD1000
  • 2.79% REYNOLDS GROUP ISSUER INC/LLC/SA 5.75% BDS 15/10/20 USD1000
  • 2.36% NIELSEN FINANCE LLC/CO 4.5% BDS 01/10/20 USD1000
  • 2.34% LIFEPOINT HEALTH INC 5.5% SNR UNSEC NTS 01/12/21 USD2000
  • 2.26% SPRINT CORP 7.25% BDS 15/09/21 USD2000
  • 2.11% DAE FUNDING LLC 4% BDS 01/08/20 USD1000
  • 2.11% DAVITA INC 5.75% BDS 15/08/22 USD100
  • 2.1% AMSURG CORP 5.625% BDS 15/07/22 USD1000