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Investment Type: pif

Opportunistic Municipal Inst Fund (POMFX)







Portfolio Composition

  as of 11/30/2021
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Asset Distribution
Asset TypeNetShortLong
U.S. Bonds 97.85% 0.0%   97.85%  
Non-U.S. Bonds 2.42% 0.0%   2.42%  
Other 0.15% 0.0%   0.15%  
Cash -0.41% 0.42%   0.01%  
Total100.01%


Top 10 Holdings

  as of 11/30/2021
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% of Net Assets
FLORIDA DEV FIN CORP SOLID WASTE DISP REV 2.35
FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 2.33
ST JAMES PARISH LA REV 2.25
PORT BEAUMONT TEX NAV DIST DOCK & WHARF FAC REV 2.03
BUCKEYE OHIO TOB SETTLEMENT FING AUTH 1.88
SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH SOLID WASTE DISP REV 1.77
NAVAJO NATION ARIZ 1.59
GUAM GOVT BUSINESS PRIVILEGE TAX REV 1.41
TENDER OPT BD TR RCPTS / CTFS VAR STS 1.40
METROPOLITAN NASHVILLE ARPT AUTH TENN ARPT REV 1.39
Total*: 18.39
*Values may exceed 100% if both long and short positions are included in the portfolio

View Full Portfolio Holdings

Morningstar Style Box™

  as of 11/30/2021
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Investment Style
Stylebox Market Capitalization

Credit Analysis

  as of 10/31/2021
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% Bonds
AAA 0.10
AA 2.59
A 17.36
BBB 25.31
BB 12.89
B 7.14
Below B 1.08
Not Rated 33.52

Statistics

 
as of 11/30/2021
Average Eff Duration (yrs): 5.68
Average Eff Maturity (yrs): 17.08
Avg Weighted Coupon: 4.92
Avg Weighted Price: $114.91
30-Day SEC Yield - Subsidized (Net)
as of 12/31/2021:
2.17%
30-Day SEC Yield - Non-Subsidized (Gross)
as of 12/31/2021:
2.09%

Analysis

  as of 11/30/2021
Turnover Ratio: 48.00%
0
145
6
151





Morningstar
© 2022 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Past performance is no guarantee of future results. Investment options are subject to investment risk. Shares or unit values will fluctuate and investments, when redeemed, may be worth more or less than their original cost.

Portfolio holdings are subject to change and companies referenced in this report may not currently be held. Information is current as of the creation of this piece. Keep in mind that portfolio holdings are subject to risk. Click here for a complete list of the most recent publicly available holdings.

Insurance products and plan administrative services, if applicable, are provided by Principal Life Insurance Company. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities are offered through Principal Securities, Inc., 800-547-7754, member SIPC and/or independent broker/dealers. Securities sold by a Principal Securities Registered Representative are offered through Principal Securities. Principal Funds Distributor, Principal Securities and Principal Life are members of the Principal Financial Group®, Des Moines, IA 50392. Certain investment options may not be available in all states or U.S. commonwealths.

The full name of this investment option is Principal Funds, Inc. - Principal Opportunistic Municipal Inst Fund.

Investors should carefully consider a mutual fund's investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting principal.com, or calling 1-800-547-7754. Read the prospectus carefully before investing.

Not FDIC Insured
May Lose Value - Not a Deposit - No Bank Guarantee
Not Insured by any Federal Government Agency

The Bloomberg Municipal Index measures the performance of the Bloomberg Barclays U.S. Municipal bond, which covers the USD-denominated Long-Term tax exempt bond market with four main sectors: state and local general obligation bonds, revenue bonds, insured bonds and pre-refunded bonds.

These calculated returns reflect the historical performance of the oldest share class of the fund, adjusted to reflect a portion of the fees and expenses of this share class. For time periods prior to inception date of the fund, predecessor performance is reflected. Please see the fund's prospectus for more information on specific expenses, and the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class.

Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. A portion of the Fund's income may be subject to state and/or local taxes, and it may be subject to federal alternative minimum tax (AMT) for certain investors.

The risks associated with derivative investments include that the underlying security, interest rate, market index, or other financial asset will not move in the direction the Investment Adviser and/or Sub-Advisor anticipated, the possibility that there may be no liquid secondary market, the risk that adverse price movements in an instrument can result in a loss substantially greater than a fund's initial investment, the possibility that the counterparty may fail to perform its obligations; and the inability to close out certain hedged positions to avoid adverse tax consequences.