Principal California Municipal Fund Institutional Class (PCMFX)

Fund Assets	638.68M
Expense Ratio	0.593%
Min. Investment	$1,000
Turnover	52.20%
Dividend (ttm)	0.37
Dividend Yield	3.93%
Dividend Growth	3.77%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.28
YTD Return	-2.17%
1-Year Return	-0.93%
5-Year Return	-1.39%
52-Week Low	9.14
52-Week High	9.95
Beta (5Y)	0.08
Holdings	211
Inception Date	Feb 27, 2015

About PCMFX

Principal California Municipal Fund Institutional Class is an actively managed municipal bond mutual fund focused on delivering a high level of current income that is exempt from federal and California state personal income taxes. Under normal conditions, it invests at least 80% of assets in municipal obligations issued by California state and local entities, spanning essential-service revenue bonds, housing and infrastructure authorities, education facilities, and pollution control financing agencies. The fund is managed by Principal Fixed Income, drawing on experienced portfolio managers and a research-driven approach calibrated to the intermediate segment of the muni curve. Its mandate and sector mix position it within the Muni California Intermediate category, with portfolio diversification across more than 200 holdings and a moderate duration profile typical of intermediate municipal strategies. The strategy’s role in the market is to provide tax-advantaged income for eligible institutional investors while maintaining disciplined credit selection and structure analysis against the Bloomberg California municipal benchmark. The fund distributes income monthly and reflects expenses aligned with institutional share class standards, supported by a long-term track record since 2015.

• Fund Family: Principal Funds
• Category: Muni California Intermediate
• Performance Rating: Above Average
• Risk Rating: High
• Stock Exchange: Nasdaq
• Ticker Symbol: PCMFX
• Share Class: Institutional
• Index: Bloomberg California TaxExempt Muni Bd TR

Performance

PCMFX had a total return of -0.93% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.06%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VCITX	Vanguard	Vanguard California Long-Term Tax-Exempt Fund Investor Shares	0.14%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
SRCMX	Class A	0.85%
SRCCX	Class C	1.67%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03084	Sep 30, 2026
Aug 31, 2026	$0.02948	Aug 31, 2026
Jul 31, 2026	$0.03345	Jul 31, 2026
Jun 30, 2026	$0.03028	Jun 30, 2026
May 29, 2026	$0.03089	May 29, 2026
Apr 30, 2026	$0.0299	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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