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Morningstar

Principal California Municipal C SRCCX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 9.76  /  0.22 %
  • Total Assets 594.6 Mil
  • Adj. Expense Ratio
    1.530%
  • Expense Ratio 1.590%
  • Distribution Fee Level Above Average
  • Share Class Type Level Load
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.80%
  • Effective Duration 6.36 years

USD | NAV as of Dec 02, 2023 | 1-Day Return as of Dec 02, 2023, 4:39 AM GMT+0

Morningstar’s Analysis SRCCX

Will SRCCX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SRCCX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the SRCCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of SRCCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Investors are in for a ride.

Analyst Chiayi Tsui

Chiayi Tsui

Analyst

Summary

Principal California Municipal’s team has shown a tendency to go after yields, taking on more credit and interest-rate risk than peers who tread more in investment-grade debt. That, along with a compact crew and unattractive fees, limit the strategy’s appeal.

by Chiayi Tsui
Rated on Published on

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Portfolio Holdings SRCCX

More SRCCX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 216
  • Other Holdings 3
  • % Assets in Top 10 Holdings 18.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NUVEEN CALIF AMT FREE MUNICIPAL INCOME FD

2.52
14,052,722
municipal

CALIFORNIA POLLUTN CTL FING AUTH SOLID WASTE DISP REV

1.99
11,104,386
municipal

CALIFORNIA MUN FIN AUTH SPL FAC REV

1.98
11,074,949
municipal

CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV

1.96
10,948,225
municipal

CALIFORNIA HEALTH FACS FING AUTH REV

1.93
10,788,615
municipal

CALIFORNIA MUN FIN AUTH STUDENT HSG REV

1.90
10,606,538
municipal

SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV

1.85
10,340,559
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV

1.63
9,122,436
municipal

LOS ANGELES CALIF UNI SCH DIST

1.52
8,506,830
municipal

CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV

1.48
8,254,981
municipal