Principal Fds, Inc. California Municipal Fd Cl A: (MF: SRCMX)
(NASDAQ Mutual Funds) As of Aug 14, 2024 08:00 PM ET
$9.94 USD
+0.01 (0.10%)
Fund Description
The fund was incepted in July 1989 and is managed by WM Advisors, Inc. The fund seeks to generate income that is exempt from both federal and state income taxes for California residents. To pursue this objective, the fund primarily invests at least 80% of its assets in intermediate and long-term California municipal obligations. The fund also invests in inverse floating rate obligations that are generally more volatile than other types of municipal obligations. The fund may invest up to 20% of its assets in municipal obligations that are not exempt from California personal income tax and in short-term municipal obligations. The fund declares dividends daily and pays it monthly. Capital gains are declared annually.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| Principal CA Muni Bond A | SRCMX | 3.75 | NA | 0.00 | 0.25 | 0.40 | 0.71 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| Principal CA Muni Bond A | SRCMX | 9.94 | 7/25/1989 | 2.95 | 4.31 | -1.65 | 0.82 |
| Principal CA Muni Bond C | SRCCX | 9.95 | 2/28/2002 | 2.09 | 3.40 | -2.50 | -0.02 |
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| Principal CA Muni Bond A | SRCMX | 1000 | 100 | 0 | M |
Contact Information
| Family | Principal Financial Group |
| Address | 711 High St Des Moines, IA 50392 |
| Phone | 800 986-3343 |