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Morningstar

Principal California Municipal C SRCCX

Morningstar Analyst Rating
Analyst rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 9.93  /  0.31 %
  • Total Assets 576.6 Mil
  • Adj. Expense Ratio
    1.540%
  • Expense Ratio 1.530%
  • Distribution Fee Level Average
  • Share Class Type Level Load
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.79%
  • Effective Duration 5.50 years

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 1:36 AM GMT+00:00

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.

In for a bumpy ride.

Analyst

Summary

| by Chiayi Tsui

Principal California Municipal’s stable and experienced team follows a standard research-based approach, but a tendency to hold higher levels of credit and interest-rate risk relative to its peers, combined with unappealing fees, support a Morningstar Analyst Rating of Neutral on its cheaper share classes and Negative on its priciest share class.

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