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Investment Type: pifretail

California Municipal Fund (C) (SRCCX)

Class A | Class C | Class I

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 11/30/2021
1 Month3 MonthYTD1 Year3 Year5 Year10 YearSince     
Excluding Sales Charge % 0.73 -0.66 1.15 1.91 4.52 3.75 3.99 4.63
Including Sales Charge % -0.27 -1.65 0.15 0.91 4.52 3.75 3.99 4.63
Bloomberg California Municipal Index % 0.89 -0.13 1.02 1.44 4.96 4.32 4.18 ---
Muni California Intermediate Category % 0.57 -0.25 1.07 1.58 3.80 3.28 3.15 ---
Morningstar Percentile Rankings** --- --- --- 22 16 26 17 ---
# of Funds in Category 67 67 67 67 65 57 50 ---
**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.

Calendar Year Total Returns
Excluding Sales Charge % 3.98 7.41 -1.03 6.00 -1.01
Including Sales Charge % 2.98 6.41 -1.99 5.00 -1.98
Bloomberg California Municipal Index % 5.15 7.67 1.11 5.63 -0.14
Muni California Intermediate Category % + 3.67 6.10 0.84 4.62 -0.57
Morningstar Percentile Rankings**,+ 39 11 100 18 78
Morningstar Fixed Income Stylebox Morningstar Stylebox Morningstar Stylebox Morningstar Stylebox Morningstar Stylebox Morningstar Stylebox
# of Funds in Category+ 67 67 68 76 73
+ Data displayed is the most current information available.
**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.


  as of 11/30/2021
Total Investment Expense - Gross: 1.60%
Total Investment Expense - Net: 1.60%
Contingent Deferred Sales Charge: 1.00%
12b-1 Fee: 1.00%

Distribution History

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$ Per Share
Income dividends are paid monthly.
Per share dividend not available.

Daily Unit Value/Share Price Chart

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2021 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, 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.