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Investment Type: pifretail

California Municipal Fund (A) (SRCMX)






Class A | Class B | Class C

Quick Facts


SRCMX
07/25/1989
Muni California Long
$213.38

Investment Strategy

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The investment seeks to provide as high a level of current income that is exempt from federal and state personal income tax as is consistent with prudent investment management and preservation of capital. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in California municipal obligations at the time of each purchase. Generally, these municipal obligations pay interest that is exempt from State personal income tax and federal income tax. It may invest up to 20% of its assets in below investment grade bonds.




Morningstar Style Box™

  as of 07/31/2014
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Investment Style
Stylebox Market Capitalization

Overall Morningstar Star Rating™

  as of 08/31/2014
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Out of 138 Muni California Long Funds

StarRating

Morningstar's Star Ratings reflect risk adjusted performance and are derived from a weighted average of the performance figures associated with its three, five, and ten-year (if applicable) time periods.


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, Principal Management Corporation has contractually agreed to limit the investment option's expenses. Differences also may be due to Principal Management Corporation's decision to pay (through the same dates) certain expenses that would normally be payable by the fund. Returns displayed are based on net total investment expense.


Month-End | Quarter-End
Average Annual Total Returns as of 08/31/2014
1 Month3 MonthYTD1 Year3 Year5 Year10 YearSince     
Inception*
Excluding Sales Charge % 1.79 2.15 11.49 14.86 7.20 7.13 4.00 5.46
Including Sales Charge % -2.01 -1.66 7.26 10.56 5.83 6.32 3.60 5.29
Barclays California Municipal Index % 1.29 1.72 8.35 11.85 6.05 6.29 5.11 ---
Muni California Long Category % 1.52 1.76 9.72 13.04 6.64 6.60 4.46 ---
Morningstar Percentile Rankings** --- --- --- 9 19 16 78 ---
# of Funds in Category 156 156 154 153 138 133 109 ---
07/25/1989
**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.


Expenses

  as of 08/31/2014
Total Investment Expense - Gross: 0.81%
Total Investment Expense - Net: 0.81%
Maximum Up-front Sales Charge: 3.75%
Contingent Deferred Sales Charge: 1.00%
12b-1 Fee: 0.25%

Statistics

 

30-Day SEC Yield - Subsidized (Net)
as of 08/31/2014:
2.78%
30-Day SEC Yield - Non-Subsidized (Gross)
as of 08/31/2014:
2.78%


Growth of $10,000

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Represents performance for Class A shares adjusted for the maximum sales charge and assumes the reinvestment of distributions.

Performance assumes reinvestment of all dividends and capital gains. Extended performance is calculated based on the historical performance of the investment option's oldest share class, adjusted for the fees and expenses of the share class shown. Periods of less than one year are not annualized.



Inv Manager or Sub-Advisor

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Principal Global Investors



Portfolio Managers

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James Noble
Since 03/01/2013
M.B.A. , Hofstra University






Morningstar
© 2014 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 (A).

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 principalfunds.com, or calling 800-222-5852. Read the prospectus carefully before investing.

Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc., member of the Principal Financial Group®. Principal Funds Distributor, Principal Shareholder Services, Principal Management Corporation and its affiliates, and Principal Funds, Inc. are collectively referred to as Principal Funds.

Not FDIC Insured
May Lose Value - Not a Deposit - No Bank Guarantee
Not Insured by any Federal Government Agency

Barclays California Municipal Index tracks the California part of the Barclays Municipal Bond Index. The Barclays Municipal Bond represents the long-term, investment-grade tax-exempt bond market.

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.

Effective September 12, 2011, this portfolio is sub-advised by Principal Global Investors. Prior to September 12, 2011, the portfolio was sub-advised by Invesco.