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.
Principal California Municipal Instl PCMFX
- NAV / 1-Day Return 9.85 / +0.03 %
- Total Assets 612.0 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.630%
- Distribution Fee Level Average
- Share Class Type Institutional
- Category Muni California Intermediate
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Min. Initial Investment —
- Status Open
- TTM Yield 3.18%
- Effective Duration 4.64 years
USD | NAV as of Jul 06, 2024 | 1-Day Return as of Jul 06, 2024, 12:43 AM GMT+0
Morningstar’s Analysis PCMFX
Will PCMFX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- 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 |