Skip to Content
Morningstar

Principal California Municipal A SRCMX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Principal Investment Hub

Morningstar’s Analysis SRCMX

Will SRCMX 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 SRCMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SRCMX 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 SRCMX’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

Unlock our full analysis with Morningstar Investor