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
| ISIN | US74255L6395 |
|---|---|
| CUSIP | 74255L639 |
| Issuer | Principal |
| Inception Date | Jun 13, 2012 |
| Category | High Yield Muni |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
PMOAX has a high expense ratio of 0.84%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Principal Opportunistic Municipal Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Principal Opportunistic Municipal Fund had a return of 1.42% year-to-date (YTD) and 5.68% in the last 12 months. Over the past 10 years, Principal Opportunistic Municipal Fund had an annualized return of 3.36%, while the S&P 500 had an annualized return of 10.84%, indicating that Principal Opportunistic Municipal Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.42% | 10.00% |
| 1 month | 0.80% | 2.41% |
| 6 months | 7.23% | 16.70% |
| 1 year | 5.68% | 26.85% |
| 5 years (annualized) | 0.89% | 12.81% |
| 10 years (annualized) | 3.36% | 10.84% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.13% | 0.84% | 0.31% | -1.01% | 1.42% | ||||||||
| 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 | -3.04% | -1.56% | -4.08% | -4.15% | 0.63% | -3.23% | 3.63% | -2.43% | -5.36% | -2.04% | 5.01% | -0.15% | -16.00% |
| 2021 | 1.77% | -1.76% | 0.92% | 1.72% | 1.40% | 1.39% | 1.04% | -0.44% | -1.13% | -0.35% | 1.37% | 0.35% | 6.38% |
| 2020 | 2.08% | 1.99% | -11.34% | -3.14% | 4.78% | 4.09% | 2.74% | 0.17% | 0.20% | -0.06% | 2.20% | 1.66% | 4.40% |
| 2019 | 0.71% | 0.82% | 2.41% | 0.69% | 1.82% | 0.47% | 0.55% | 1.72% | -0.89% | 0.00% | -0.00% | 0.09% | 8.66% |
| 2018 | -1.10% | -0.28% | 0.72% | -0.08% | 1.37% | -0.06% | 0.22% | 0.47% | -0.56% | -1.08% | 0.65% | 1.10% | 1.35% |
| 2017 | 0.50% | 1.18% | 0.75% | 1.07% | 1.87% | -0.06% | 0.87% | 1.44% | -0.05% | 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% | -0.18% | 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% |
| 2013 | 2.16% | 0.57% | -0.69% | 1.56% | -1.57% | -6.47% | -2.51% | -3.45% | 2.46% | 1.39% | -0.23% | -0.85% | -7.74% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PMOAX is 43, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
PMOAX (Principal Opportunistic Municipal Fund)
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.
Dividends
Dividend History
Principal Opportunistic Municipal Fund granted a 4.14% dividend yield in the last twelve months. The annual payout for that period amounted to $0.40 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.40 | $0.38 | $0.36 | $0.37 | $0.20 | $0.41 | $0.39 | $0.36 | $0.39 | $0.43 | $0.42 |
Dividend yield | 4.14% | 4.08% | 4.07% | 3.10% | 3.28% | 1.77% | 3.90% | 3.63% | 3.55% | 3.73% | 4.20% | 4.54% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.04 | $0.03 | $0.00 | $0.13 | |||||||
| 2023 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2022 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $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 | $0.03 | $0.37 |
| 2019 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 |
| 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 |
| 2013 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.42 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 8.61%.
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 current Principal Opportunistic Municipal Fund volatility is 0.72%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.