# Credit quality (%)
| Management fee(s) | 0.65% pa | Petrobras Global Finance Bv | 1.7 |  | AAA | 1.9 | 1.9 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Income distribution | Income | Dell International Llc / Emc Corp | 1.0 |  | BBB | 4.0 | 3.0 |
| Distribution frequency: |  | Voya Financial Inc | 1.0 |  | BB | 42.6 | -16.7 |
| Quarterly: March, June, | September and | Upc Holding Bv | 0.9 |  | B | 36.5 | 7.0 |
|  | December | Post Holdings Inc | 0.9 |  | CCC and Below | 13.7 | 3.5 |
|  |  | Hema Bondco I Bv | 0.9 |  | Not Rated | 1.3 | 1.3 |
|  | Ssl Robotics Llc	0.8	 Credit Quality refers to the credit ratings for the underlying securities in the Fund as Jpmorgan Chase & Co	0.8	 rated by Standard & Poor's or Moody's Investors Service, and typically range from AAA/Aaa (highest) to C/D (lowest). If Moody's and S&P assign different ratings, the higher Silgan Holdings Inc	0.8	 rating is used. Ratings methodologies and individual ratings can change over time. Credit Vodafone Group Plc	0.7	 Quality: AAA includes cash. Total9.5 No. of holdings345 Geographic allocation (%)	Industry allocation (%) |
|  | Fund | Difference |  |  | Fund | Difference |
| United States | 70.8 | 17.1 |  | Basic Industry | 10.9 | 0.9 |
| Canada | 4.6 | 1.8 |  | Energy | 10.0 | -3.1 |
| Great Britain | 4.0 | 0.4 |  | Healthcare | 9.0 | 2.3 |
| Netherlands | 3.4 | 1.8 |  | Capital Goods | 8.7 | 3.0 |
| Germany | 3.2 | 0.4 |  | Telecommunications | 8.0 | 0.6 |
| Italy | 2.7 | -1.1 |  | Media | 7.9 | 1.4 |
| Brazil | 1.7 | -2.3 |  | Financial Services | 6.4 | 1.7 |
| Luxembourg | 1.2 | -0.4 |  | Retail | 5.8 | 1.8 |
| Greece | 1.0 | 0.8 |  | Leisure | 5.4 | 0.8 |
| Switzerland | 1.0 | 0.8 |  | Services | 4.1 | 0.5 |
| United Arab Emirates (The) | 0.8 | 0.5 |  | Automotive | 4.0 | -1.4 |
| Sweden | 0.8 | 0.1 |  | Consumer Goods | 4.0 | -0.4 |
| France | 0.7 | -2.4 |  | Technology & Electronics | 3.5 | 0.1 |
| Other | 4.1 | -17.7 |  | Real Estate | 2.7 | -4.6 |
|  |  |  |  | Banking | 2.4 | -3.7 |
|  |  |  |  | Transportation | 1.9 | -0.3 |
|  |  |  |  | Utility | 1.3 | -2.2 |
|  |  |  |  | Insurance | 1.3 | 0.2 |
|  |  |  |  | Asset Backed | 0.2 | 0.2 |
|  |  |  |  | Other | 0.4 | 0.3 |
|  |  |  |  | Cash | 1.9 | 1.9 |

Source: Principal Global Investors and/or its affiliates and the Index. Certain analytics powered by Aladdin® by BlackRock®. BlackRock® and Aladdin® are trademarks and service marks of BlackRock, Inc. and its affiliates (collectively, “BlackRock”). BlackRock owns all proprietary rights in the marks and in the Aladdin® by BlackRock® services. BlackRock neither approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom. Data: This data/analysis is not sourced from the Fund's official record. It is based upon data from the internal systems of Principal Global Investors and/or its affiliates. Performance shown in this section is gross which does not take into account any fees or other charges which, if taken into account, would reduce the figures shown.
Global High Yield Fund - I Class Income Units

Translation (ENFR, 2020-10-31):
# Répartition par rating (%)
| Hedging | Portfolio | Petrobras Global Finance Bv | 1,7 |  | AAA | 1,9 | 1,9 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Minimum investment | 2 000 000 $ | Dell International Llc / Emc Corp | 1,0 |  | BBB | 4,0 | 3,0 |
| Frais de gestion | 0,65% pa | Voya Financial Inc | 1,0 |  | BB | 42,6 | -16,7 |
| Parts | Income | Upc Holding Bv | 0,9 |  | B | 36,5 | 7,0 |
| Distribution frequency: |  | Post Holdings Inc | 0,9 |  | CCC and Below | 13,7 | 3,5 |
| Quarterly: March, June, | September and | Hema Bondco I Bv | 0,9 |  | Not Rated | 1,3 | 1,3 |
| December | Ssl Robotics Llc	0,8	 La qualité de crédit désigne la note de crédit attribuée aux titres sous-jacents qui Jpmorgan Chase & Co	0,8	 composent le fonds par les agences Standard & Poor's ou Moody's Investors Service et Silgan Holdings Inc	0,8	 qui oscille généralement entre AAA/Aaa (la plus haute) et C/D (la plus basse). Si Moody's and S&P attribue des notes différentes, c’est la note la plus élevée qui prévaudra. Les Vodafone Group Plc	0,7	 méthodes de notation et les notes individuelles peuvent évoluer au fil du temps. Qualité Total	9,5	 du crédit : AAA comprend les liquidités. Nombre de positions dans le portefeuille345 Répartition par pays (%)	Répartition par secteurs (%) |
|  | Fonds | Différence |  |  | Fonds | Différence |
| États-Unis | 70,8 | 17,1 |  | Industrie de base | 10,9 | 0,9 |
| Canada | 4,6 | 1,8 |  | Energie | 10,0 | -3,1 |
| Grande-Bretagne | 4,0 | 0,4 |  | Healthcare | 9,0 | 2,3 |
| Pays-Bas | 3,4 | 1,8 |  | Biens d'équipement | 8,7 | 3,0 |
| Allemagne | 3,2 | 0,4 |  | Telecommunications | 8,0 | 0,6 |
| Italie | 2,7 | -1,1 |  | Media | 7,9 | 1,4 |
| Brésil | 1,7 | -2,3 |  | Financial Services | 6,4 | 1,7 |
| Luxembourg | 1,2 | -0,4 |  | Détail | 5,8 | 1,8 |
| Greece | 1,0 | 0,8 |  | Leisure | 5,4 | 0,8 |
| Suisse | 1,0 | 0,8 |  | Services | 4,1 | 0,5 |
| United Arab Emirates (The) | 0,8 | 0,5 |  | Automotive | 4,0 | -1,4 |
| Suède | 0,8 | 0,1 |  | Consumer Goods | 4,0 | -0,4 |
| France | 0,7 | -2,4 |  | Technology & Electronics | 3,5 | 0,1 |
| Autre | 4,1 | -17,7 |  | Real Estate | 2,7 | -4,6 |
|  |  |  |  | Sociétes Financiéres | 2,4 | -3,7 |
|  |  |  |  | Transport | 1,9 | -0,3 |
|  |  |  |  | Service public | 1,3 | -2,2 |
|  |  |  |  | Assurance | 1,3 | 0,2 |
|  |  |  |  | Asset Backed | 0,2 | 0,2 |
|  |  |  |  | Autre | 0,4 | 0,3 |
|  |  |  |  | Liquidités | 1,9 | 1,9 |

Source : Principal Global Investors et/ou ses filiales et l’indice. Certain analytics powered by Aladdin® by BlackRock®. BlackRock® and Aladdin® are trademarks and service marks of BlackRock, Inc. and its affiliates (collectively, “BlackRock”). BlackRock owns all proprietary rights in the marks and in the Aladdin® by BlackRock® services. BlackRock neither approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom.
Données : Ces données/analyse ne provient pas du compte rendu officiel du Fonds. Ils sont basés sur les données provenant des systèmes internes de Principal Global Investors et/ou ses filiales. La performance indiquée dans cette section est en valeur brute. Elle ne tient pas compte des frais ou autres charges qui, s’ils étaient pris en compte, réduiraient les chiffres indiqués.
Global High Yield Fund - I Class Income Units