Principal Opportunistic Municipal Fund (PMOAX)
The investment seeks to provide a high level of income that is exempt from federal income tax while protecting investors' capital. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal obligations (securities issued by or on behalf of state or local governments and other public authorities). It invests in other debt obligations, including (but not limited to) taxable municipal obligations, U.S. Treasury securities, obligations of the U.S. government, its agencies and instrumentalities ("Agency Securities") and exchange-traded funds (ETFs) to gain exposure to the municipal market.
Fund Info
US74255L6395
74255L639
Jun 13, 2012
$1,000
Expense Ratio
PMOAX has an expense ratio of 0.84%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Principal Opportunistic Municipal Fund (PMOAX) returned -2.28% year-to-date (YTD) and 1.25% over the past 12 months. Over the past 10 years, PMOAX returned 2.82% annually, underperforming the S&P 500 benchmark at 10.85%.
PMOAX
-2.28%
0.18%
-2.87%
1.25%
1.68%
1.78%
2.82%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of PMOAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.50% | 1.26% | -1.79% | -1.60% | -0.64% | -2.28% | |||||||
| 2024 | 0.14% | 0.84% | 0.31% | -0.73% | 0.62% | 1.59% | 0.70% | 1.02% | 0.83% | -1.48% | 1.70% | -1.16% | 4.41% |
| 2023 | 3.63% | -2.89% | 1.13% | 0.53% | 0.15% | 1.32% | 0.34% | -0.92% | -2.97% | -1.78% | 5.97% | 3.13% | 7.51% |
| 2022 | -3.05% | -1.56% | -4.08% | -4.15% | 0.64% | -3.23% | 3.63% | -2.43% | -5.36% | -2.03% | 5.01% | -0.15% | -15.99% |
| 2021 | 1.77% | -1.76% | 0.92% | 1.72% | 1.40% | 1.38% | 1.04% | -0.44% | -1.14% | -0.35% | 1.38% | 0.35% | 6.37% |
| 2020 | 2.08% | 1.99% | -11.34% | -3.14% | 4.78% | 4.08% | 2.74% | 0.16% | 0.20% | -0.05% | 2.20% | 1.66% | 4.40% |
| 2019 | 0.71% | 0.87% | 2.41% | 0.69% | 1.82% | 0.46% | 0.85% | 2.03% | -0.63% | 0.28% | 0.28% | 0.37% | 10.59% |
| 2018 | -1.10% | -0.27% | 0.71% | -0.07% | 1.37% | -0.06% | 0.22% | 0.47% | -0.56% | -1.08% | 0.65% | 1.10% | 1.35% |
| 2017 | 0.50% | 1.19% | 0.75% | 1.07% | 1.87% | -0.06% | 0.87% | 1.44% | -0.06% | 0.49% | 0.21% | 1.45% | 10.16% |
| 2016 | 0.94% | -0.39% | 1.26% | 1.52% | 0.93% | 2.49% | -0.09% | 0.53% | -0.63% | -1.57% | -5.88% | 0.85% | -0.31% |
| 2015 | 2.02% | -0.66% | 0.72% | -0.38% | -0.16% | -0.19% | 0.54% | 0.10% | 1.08% | 0.73% | 0.97% | 1.40% | 6.31% |
| 2014 | 3.03% | 1.93% | 1.13% | 1.49% | 2.20% | 0.44% | 0.06% | 1.77% | 0.94% | 0.87% | 0.24% | 1.08% | 16.22% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PMOAX is 16, meaning it’s performing worse than 84% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Principal Opportunistic Municipal Fund (PMOAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Principal Opportunistic Municipal Fund provided a 4.58% dividend yield over the last twelve months, with an annual payout of $0.43 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.42 | $0.39 | $0.38 | $0.36 | $0.37 | $0.39 | $0.41 | $0.39 | $0.36 | $0.39 | $0.43 |
Dividend yield | 4.58% | 4.32% | 4.08% | 4.08% | 3.09% | 3.28% | 3.52% | 3.90% | 3.63% | 3.55% | 3.73% | 4.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Principal Opportunistic Municipal Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.03 | $0.04 | $0.04 | $0.00 | $0.14 | |||||||
| 2024 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.42 |
| 2023 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.39 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.38 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.37 |
| 2019 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2018 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.41 |
| 2017 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.36 |
| 2015 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.39 |
| 2014 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.43 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Principal Opportunistic Municipal Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Principal Opportunistic Municipal Fund was 20.79%, occurring on Oct 26, 2022. The portfolio has not yet recovered.
The current Principal Opportunistic Municipal Fund drawdown is 8.06%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.79% | Aug 6, 2021 | 309 | Oct 26, 2022 | — | — | — |
| -18.32% | Mar 2, 2020 | 15 | Mar 20, 2020 | 198 | Dec 31, 2020 | 213 |
| -14.17% | May 3, 2013 | 90 | Sep 10, 2013 | 245 | Aug 29, 2014 | 335 |
| -8.78% | Jul 7, 2016 | 104 | Dec 1, 2016 | 188 | Aug 31, 2017 | 292 |
| -2.8% | Dec 5, 2012 | 10 | Dec 18, 2012 | 30 | Feb 1, 2013 | 40 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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