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Investment Type: pifretail

California Municipal Fund (C) (SRCCX)

Quick Facts Ticker: SRCCX Inception Date: 03/01/2002 Extended Performance Inception Date: 07/25/1989 Morningstar Category: Muni California Intermediate Total Net Assets (mil): $615.63	Investment Strategy    What's this? 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 02/29/2024    What's this? Data Not Available	Overall Morningstar Star Rating™   as of 03/31/2024    What's this? Out of 59 Muni California Intermediate Funds 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. Where gross and net expense ratios differ, the investment adviser has contractually agreed to limit the investment option's expenses. Differences also may be due to the investment adviser's decision to pay (through the same dates) certain expenses that would normally be payable by the fund.

Month-End | Quarter-End

Average Annual Total Returns as of 03/31/2024

1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since      Inception* Excluding Sales Charge % 0.08 0.00 0.00 2.67 -1.93 0.37 2.06 4.14 Including Sales Charge % -0.92 -0.99 -0.99 1.67 -1.93 0.37 2.06 4.14 Bloomberg California Municipal Index % -0.12 -0.42 -0.42 3.15 -0.34 1.60 2.68 --- Muni California Intermediate Category % 0.00 0.03 0.03 2.89 -0.24 1.21 2.00 --- Morningstar Percentile Rankings** --- --- --- 55 100 95 57 --- # of Funds in Category 65 64 64 61 59 59 46 ---

* Inception Date: 03/01/2002 ; Extended Performance Inception Date: 07/25/1989

**Morningstar percentile rankings are based on total returns and do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.

Expenses   as of 03/31/2024 Total Investment Expense - Gross: 1.73% Total Investment Expense - Net: 1.73% Contingent Deferred Sales Charge: 1.00% 12b-1 Fee: 1.00%

Statistics   30-Day SEC Yield - Subsidized (Net) as of 03/31/2024: 2.19% 30-Day SEC Yield - Non-Subsidized (Gross) as of 03/31/2024: 2.19%

Inv Manager or Sub-Advisor

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Principal Global Investors

Portfolio Managers

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

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

© 2024 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. The full name of this investment option is Principal California Municipal Fund (C). Investors should carefully consider a 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 principalfunds.com, or calling 800-222-5852. Read the prospectus carefully before investing. Principal Funds are distributed by Principal Funds Distributor, Inc. Not FDIC Insured May Lose Value - Not a Deposit - No Bank Guarantee Not Insured by any Federal Government Agency

The Bloomberg California Municipal Index measures the performance of USD-denominated long-term tax exempt bond market, including California bonds only. 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.