Principal California Municipal’s team has shown a tendency to go after yield, taking on more credit and interest-rate risk than peers. That, along with a compact crew and unattractive fees, limits the strategy’s appeal.
Get our overall rating based on a fundamental assessment of the pillars below.
Principal California Municipal’s team has shown a tendency to go after yield, taking on more credit and interest-rate risk than peers. That, along with a compact crew and unattractive fees, limits the strategy’s appeal.