Principal California Municipal Fund Class A (SRCMX)
| Fund Assets | 658.04M |
| Expense Ratio | 0.89% |
| Min. Investment | $1,000 |
| Turnover | 52.20% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.30% |
| Dividend Growth | 12.25% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Dec 31, 2025 |
| Previous Close | 10.24 |
| YTD Return | 0.39% |
| 1-Year Return | 3.92% |
| 5-Year Return | 0.83% |
| 52-Week Low | 9.54 |
| 52-Week High | 10.26 |
| Beta (5Y) | n/a |
| Holdings | 213 |
| 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.
Performance
SRCMX had a total return of 3.92% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.93%.
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% |
Top 10 Holdings
18.34% of assets| Name | Symbol | Weight |
|---|---|---|
| CALIFORNIA PUB FIN AUTH SR LIVING REV | CA.CASMED 6.5 06.01.2054 | 2.65% |
| CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV | CA.CASPOL 5 07.01.2037 | 1.95% |
| CALIFORNIA HSG FIN AGY MUN CTFS | CA.CASHSG 3.75 03.25.2035 | 1.85% |
| CALIFORNIA EDL FACS AUTH REV | CA.CASEDU 5 04.01.2051 | 1.75% |
| LOS ANGELES CNTY CALIF PUB WKS FING AUTH LEASE REV | CA.LOSFAC 5.5 12.01.2054 | 1.71% |
| SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV | CA.SDGAPT 4 07.01.2038 | 1.71% |
| CALIFORNIA HEALTH FACS FING AUTH REV | CA.CASMED 06.01.2041 | 1.70% |
| CALIFORNIA EDL FACS AUTH REV | CA.CASEDU 5 05.01.2045 | 1.69% |
| SACRAMENTO CNTY CALIF ARPT SYS REV | CA.SACAPT 5.25 07.01.2054 | 1.67% |
| GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV | CA.GLDGEN 5 06.01.2051 | 1.67% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2025 | $0.02995 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0258 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03107 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02756 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03038 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02955 | Jul 31, 2025 |