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Investment Type: pif

California Municipal Inst Fund (PCMFX)







Quick Facts


PCMFX
02/27/2015

07/25/1989
Muni California Intermediate
$417.91

Investment Strategy

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The investment seeks to provide as high a level of current income that is exempt from federal and state personal income tax as is consistent with prudent investment management and preservation of capital. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in California municipal obligations (securities issued by or on behalf of state or local governments and other public authorities) at the time of purchase. Generally, these municipal obligations pay interest that is exempt from State personal income tax and federal income tax.




Morningstar Style Box™

  as of 07/31/2018
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Investment Style
Stylebox Market Capitalization

Overall Morningstar Star Rating™

  as of 08/31/2018
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Out of 58 Muni California Intermediate Funds

StarRating

Morningstar's Star Ratings reflect risk adjusted performance and are derived from a weighted average of the performance figures associated with its three, five, and ten-year (if applicable) time periods.


Total Returns



Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed, may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.

In situations where the net and gross total investment expense figures are different, the mutual fund or the underlying fund in which a Separate Account invests has waived/capped a portion of its management fees through the date displayed in the waiver expiration date or contractual cap expiration date column. Differences may also be shown due to the fund family choosing to pay certain expenses that would normally be payable by the fund. Returns displayed are based on net total investment expense.



Month-End | Quarter-End
Average Annual Total Returns as of 08/31/2018
1 Month3 MonthYTD1 Year3 Year5 Year10 YearSince     
Inception*
Total Return % 0.22 0.59 0.01 1.04 3.39 5.62 4.64 5.18
Bloomberg Barclays California Municipal Index % 0.31 0.58 0.43 0.84 2.69 4.48 4.63 ---
Muni California Intermediate Category % 0.19 0.56 0.36 0.22 1.99 3.34 3.55 ---
Morningstar Percentile Rankings** --- --- --- 19 5 4 6 ---
# of Funds in Category 69 69 68 67 58 55 44 ---
02/27/201507/25/1989
**Morningstar percentile rankings are based on total returns.


Expenses

  as of 08/31/2018
Total Investment Expense - Gross: 0.62%
Total Investment Expense - Net: 0.56%
Waiver Date: 02/28/2019
Contractual Cap Date: 02/28/2019
Total Investment Expense Gross Per $1,000 Invested: $6.20




Inv Manager or Sub-Advisor

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Principal Global Investors



Portfolio Managers

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James Noble
Since 09/20/2011
M.B.A. , Hofstra University

James Welch
Since 10/01/2014
B.A. , Pennsylvania State University






Morningstar
© 2018 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.

Returns shown for periods of less than one year are not annualized.

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 California 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

Fees and expenses are only one of several factors that participants and beneficiaries should consider when making investment decisions.  The cumulative effect of fees and expenses can substantially reduce the growth of a participant's or beneficiary's retirement account.  Participants and beneficiaries can visit the Employee Benefit Security Administration's website for an example demonstrating the long-term effect of fees and expenses.

Bloomberg Barclays California Municipal Index tracks the California part of the Bloomberg Barclays Municipal Bond Index. The Bloomberg Barclays Municipal Bond represents the long-term, investment-grade tax-exempt bond market.

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.

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.

Principal Funds Class P shares automatically converted to Institutional Class shares effective close of business June 23, 2017.