Pricing & Performance: Ratings & Recognition: Press Recognition
The following publications mention the Principal Funds family or its individual mutual funds. The funds and portfolios named may be subject to specific investment risks that are more fully explained in the prospectus.
- Dow Jones News, September 9, 2008. The current credit crisis is changing the definition of “risk” and “high yield” as detailed in this profile of portfolio manager Gary Pokrzywinski. and his Principal High Yield Fund (CPHYX). Once coined “junk bonds” for their risky companies or unpredictable industries, high yield now includes any sector hit by the past year’s financial meltdown. Pokrzywinski’s philosophy of investing in strong yet temporarily out of favor sectors means he has increased exposure in the financial services industry to nearly 9%, up from between 0% and 1% at the beginning of the year. Pokrzywinski continues to invest heavily in healthcare, while avoiding insurance debt. “We really do try to concentrate on the industry first,” says Pokrzywinski. “We think a lot of people forget about understanding the dynamics of the industry.”
- High Yield Report, September 8, 2008. Portfolio manager Gary Pokrzywinski finds bargains in battered sectors and discusses the Principal High Yield Fund (CPHYX) investment philosophy. By favoring broad themes such as low inflation, technology, productivity, and globalization within sectors such as healthcare, technology, gaming and finance, he de-emphasizes daily or quarterly performance. The portfolio is also less capital intensive or cyclical in nature than the high yield index because of this broad-based approach.
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Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc., member of the Principal Financial Group®. Principal Funds Distributor, Principal Shareholder Services, Principal Management Corporation and its affiliates, and Principal Funds, Inc. are collectively referred to as Principal Funds.
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