Morningstar

Principal California Municipal Fund Class A SRCMX

Morningstar Medalist Rating
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Medalist Rating as of See Principal Investment Hub
  • NAV / 1-Day Return $9.44  /  +0.21 %
  • Fund Size $653.9M
  • Adjusted Expense Ratio 0.710%
  • Net Expense Ratio 0.710%
  • Fee Level: Distribution Below Average
  • Share Class Type Front Load
  • Morningstar Category Muni California Intermediate
  • Fixed-Income Style Box (Funds) Medium/Moderate
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 3.72%
  • Average Effective Duration 5.98 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis SRCMX

Will SRCMX outperform in the 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.

An aggressive California intermediate-term muni option.

Associate Analyst Rafael Ramirez

Rafael Ramirez

Associate Analyst

Summary

Principal California Municipal’s experienced but lean team applies a straightforward, risk-seeking approach that has produced strong but volatile long-term results.

by Rafael Ramirez
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Portfolio Holdings SRCMX

More SRCMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA PUB FIN AUTH SR LIVING REV

2.48 16M
municipal

CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV

1.92 12M
municipal

CALIFORNIA HSG FIN AGY MUN CTFS

1.76 11M
municipal

LOS ANGELES CALIF DEPT WTR & PWR WTRWKS REV

1.69 11M
municipal

CALIFORNIA HEALTH FACS FING AUTH REV

1.66 10M
municipal

CALIFORNIA MUN FIN AUTH STUDENT HSG REV

1.64 10M
municipal

LOS ANGELES CNTY CALIF PUB WKS FING AUTH LEASE REV

1.63 10M
municipal

CALIFORNIA EDL FACS AUTH REV

1.60 10M
municipal

GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV

1.57 10M
municipal

CALIFORNIA EDL FACS AUTH REV

1.56 10M
municipal

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