Morningstar

Principal California Municipal Fund Class A SRCMX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 9.22  /  −0.11 %
  • Total Assets 654.4M
  • Adj. Expense Ratio
    0.710%
  • Expense Ratio 0.710%
  • 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 3.72%
  • Effective Duration 5.98 years

USD | NAV as of Oct 07, 2026 | 1-Day Return as of Oct 07, 2026, 12:11 AM GMT+0

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
Rated on Published on

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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

2.50 17M
municipal

CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV

1.89 13M
municipal

CALIFORNIA HSG FIN AGY MUN CTFS

1.76 12M
municipal

CALIFORNIA EDL FACS AUTH REV

1.68 11M
municipal

CALIFORNIA EDL FACS AUTH REV

1.63 11M
municipal

SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV

1.63 11M
municipal

LOS ANGELES CNTY CALIF PUB WKS FING AUTH LEASE REV

1.63 11M
municipal

CALIFORNIA HEALTH FACS FING AUTH REV

1.61 11M
municipal

CALIFORNIA MUN FIN AUTH STUDENT HSG REV

1.58 11M
municipal

GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV

1.56 10M
municipal

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