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Principal California Municipal A SRCMX

Analyst rating as of
NAV / 1-Day Return
11.04  /  0.08 %
Total Assets
719.9 Mil
Adj. Expense Ratio
0.790%
Expense Ratio
0.790%
Fee Level
Above Average
Longest Manager Tenure
10.08 years
Category
Muni California Intermediate
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
1,000
Status
Open
TTM Yield
2.17%
Effective Duration
5.41 years
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Morningstar’s Analysis

Will SRCMX outperform in future?

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

A riskier option in its category.

Senior Analyst

Summary

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The experienced managers running Principal California Municipal follow a standard, research-based approach to build this portfolio. Yet the team remains on the smaller side by industry standards and the team's willingness to hold relatively higher stakes of credit and interest-rate risk in this strategy combined with middling fees support a Morningstar Analyst Rating of Neutral on its cheaper share classes, while its most expensive share class is rated Negative.

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