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.
Principal California Municipal C SRCCX
- NAV / 1-Day Return 9.88 / −0.10 %
- Total Assets 615.5 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.730%
- 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 2.00%
- Effective Duration 4.30 years
USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:23 PM GMT+0
Morningstar’s Analysis SRCCX
Will SRCCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 18.2
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
NUVEEN CALIF AMT FREE MUNICIPAL INCOME FD | 2.30 | 14.0 Mil | municipal |
CALIFORNIA MUN FIN AUTH SPL FAC REV | 1.90 | 11.6 Mil | municipal |
CALIFORNIA EDL FACS AUTH REV | 1.88 | 11.5 Mil | municipal |
CALIFORNIA POLLUTN CTL FING AUTH SOLID WASTE DISP REV | 1.87 | 11.4 Mil | municipal |
CALIFORNIA HEALTH FACS FING AUTH REV | 1.85 | 11.3 Mil | municipal |
SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV | 1.84 | 11.2 Mil | municipal |
CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV | 1.82 | 11.1 Mil | municipal |
CALIFORNIA MUN FIN AUTH STUDENT HSG REV | 1.78 | 10.9 Mil | municipal |
CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV | 1.51 | 9.2 Mil | municipal |
LOS ANGELES CALIF UNI SCH DIST | 1.48 | 9.1 Mil | municipal |