Morningstar

Principal California Municipal Instl PCMFX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 10.02  /  +0.01 %
  • Total Assets 622.7 Mil
  • Adj. Expense Ratio
    0.460%
  • Expense Ratio 0.630%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.20%
  • Effective Duration 4.39 years

USD | NAV as of Oct 03, 2024 | 1-Day Return as of Oct 03, 2024, 12:56 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.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PCMFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PCMFX 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 PCMFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Analyst Chiayi Tsui

Chiayi Tsui

Analyst

Summary

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.

by Chiayi Tsui
Rated on Published on

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Portfolio Holdings PCMFX

More PCMFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV

2.16 13.2 Mil
municipal

CALIFORNIA MUN FIN AUTH SPL FAC REV

2.04 12.5 Mil
municipal

CALIFORNIA EDL FACS AUTH REV

1.95 11.9 Mil
municipal

CALIFORNIA POLLUTN CTL FING AUTH SOLID WASTE DISP REV

1.86 11.4 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV

1.84 11.3 Mil
municipal

SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV

1.82 11.1 Mil
municipal

CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV

1.82 11.1 Mil
municipal

CALIFORNIA MUN FIN AUTH STUDENT HSG REV

1.78 10.9 Mil
municipal

CALIFORNIA HSG FIN AGY MUN CTFS

1.50 9.2 Mil
municipal

CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV

1.47 9.0 Mil
municipal

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