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Principal California Municipal A SRCMX

Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 9.85  /  −0.08 %
  • Total Assets 611.2 Mil
  • Adj. Expense Ratio
    0.720%
  • Expense Ratio 0.890%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.97%
  • Effective Duration 4.63 years

USD | NAV as of Jun 21, 2024 | 1-Day Return as of Jun 21, 2024, 10:21 PM GMT+0

Morningstar’s Analysis SRCMX

Will SRCMX outperform in future?

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

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.

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Portfolio Holdings SRCMX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 18.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NUVEEN CALIF AMT FREE MUNICIPAL INCOME FD

2.33 14.0 Mil
municipal

CALIFORNIA MUN FIN AUTH SPL FAC REV

1.96 11.8 Mil
municipal

CALIFORNIA POLLUTN CTL FING AUTH SOLID WASTE DISP REV

1.88 11.3 Mil
municipal

CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV

1.87 11.3 Mil
municipal

SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV

1.85 11.1 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV

1.82 10.9 Mil
municipal

CALIFORNIA EDL FACS AUTH REV

1.78 10.7 Mil
municipal

CALIFORNIA MUN FIN AUTH STUDENT HSG REV

1.75 10.6 Mil
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV

1.58 9.5 Mil
municipal

LOS ANGELES CALIF UNI SCH DIST

1.49 9.0 Mil
municipal