Principal California Municipal Fund Class A (SRCMX)

Fund Assets	638.68M
Expense Ratio	0.858%
Min. Investment	$1,000
Turnover	52.20%
Dividend (ttm)	0.34
Dividend Yield	3.62%
Dividend Growth	3.75%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.46
YTD Return	-1.20%
1-Year Return	-0.42%
5-Year Return	0.11%
52-Week Low	9.13
52-Week High	9.95
Beta (5Y)	0.08
Holdings	205
Inception Date	Jul 25, 1989

About SRCMX

Principal California Municipal Fund Class A is an open‑end municipal bond fund focused on generating a high level of current income that is exempt from federal income tax and California state personal income tax, consistent with prudent risk management. The portfolio invests primarily in California municipal securities across general obligation and revenue bonds, targeting the intermediate segment with typical durations of roughly four to six years common to its category. Managed by the Principal Fixed Income team, the strategy employs active security selection and sector allocation to source income while managing interest‑rate, credit, and liquidity risks inherent to municipal markets. The fund’s holdings span essential public finance issuers such as state infrastructure, housing finance agencies, education facilities, and regional authorities, reflecting the financing needs of California’s public services and projects. Within the Muni California Intermediate peer group, it is designed for investors seeking state‑specific tax‑advantaged income and diversification benefits relative to taxable fixed income, with performance evaluated against a California municipal bond benchmark and category peers.

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

Performance

SRCMX had a total return of -0.42% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.28%.

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	0.15%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PCMFX	Institutional	0.60%
SRCCX	Class C	1.67%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.0289	Sep 30, 2026
Aug 31, 2026	$0.02755	Aug 31, 2026
Jul 31, 2026	$0.03122	Jul 31, 2026
Jun 30, 2026	$0.02821	Jun 30, 2026
May 29, 2026	$0.02876	May 29, 2026
Apr 30, 2026	$0.0279	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 29, 2026

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