Principal Opportunistic Municipal Fund (PMOAX) belongs to the High Yield Muni category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PMOAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PMOAX
PMOAX charges 0.84% annually. There are 36 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 0.09% | 17.60B | Nov 2001 | PMOAX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | PMOAX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.60B | Dec 1978 | PMOAX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | PMOAX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | PMOAX vs HIMFX |
Best Risk-Adjusted Alternatives to PMOAX
PMOAX has a PortfoliosLab risk / return rank of 71. There are 22 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 93 | — | Feb 1985 | PMOAX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 92 | — | Apr 1987 | PMOAX vs FHTFX | |
| Invesco Short Duration High Yield Municipal Fund | 90 | — | Sep 2015 | PMOAX vs ISHYX | |
| Columbia High Yield Municipal Fund | 86 | — | Mar 1984 | PMOAX vs SRHMX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 83 | — | May 2007 | PMOAX vs EWHYX |
Top Performing PMOAX Alternatives (YTD)
PMOAX is at 2.52% YTD. There are 27 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 6.50%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 6.50% | — | Nov 2003 | PMOAX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 3.60% | — | May 2007 | PMOAX vs EWHYX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.41% | — | Jun 2016 | PMOAX vs NHMFX | |
| Columbia High Yield Municipal Fund | 3.38% | — | Mar 1984 | PMOAX vs SRHMX | |
| BlackRock Allocation Target Shares Series E Portfo... | 3.34% | — | Aug 2014 | PMOAX vs BATEX |
Lowest Volatility Alternatives to PMOAX
PMOAX has 3.33% 1-year volatility. There are 23 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood Managed Municipal Income Fund | 2.01% | — | Mar 2017 | PMOAX vs RWMIX | |
| Lord Abbett Short Duration High Income Municipal B... | 2.07% | — | Jun 2015 | PMOAX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.24% | — | Jan 2013 | PMOAX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.30% | — | Sep 2015 | PMOAX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.55% | — | Jun 2018 | PMOAX vs TMNIX |
Lowest Drawdown Alternatives to PMOAX
PMOAX has a 1-year max drawdown of -2.91%. There are 20 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.80%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.80% | — | Jan 2013 | PMOAX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | PMOAX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | PMOAX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | PMOAX vs SDHIX | |
| Counterpoint Tactical Municipal Fund | -2.26% | — | Jun 2018 | PMOAX vs TMNIX |
Other Mutual Funds from Principal
The 10 most viewed Principal mutual funds shown here include PCBIX, PLGIX, CMNWX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Principal MidCap Fund Institutional Class | Mid Cap Growth Equities | 1 | -7.10% | — | Dec 2000 | PMOAX vs PCBIX | |
| Principal LargeCap Growth Fund I | Large Cap Growth Equities | 6 | -0.69% | — | Dec 2000 | PMOAX vs PLGIX | |
| Principal Capital Appreciation Fund | Large Cap Blend Equities | 40 | 7.30% | — | Nov 1986 | PMOAX vs CMNWX | |
| Principal Blue Chip Fund | Large Cap Growth Equities | 2 | -5.68% | — | Jun 2012 | PMOAX vs PBCKX | |
| Principal LifeTime 2055 Fund | Target Retirement Date | 37 | 6.75% | — | Feb 2008 | PMOAX vs LTFIX | |
| Principal Global Multi-Strategy Fund | Multistrategy | 95 | 4.72% | — | Oct 2011 | PMOAX vs PSMIX | |
| Principal SAM Strategic Growth Portfolio | Diversified Portfolio | 48 | 9.24% | — | Jul 1996 | PMOAX vs SACAX | |
| Principal LifeTime 2045 Fund | Target Retirement Date | 37 | 6.10% | — | Feb 2008 | PMOAX vs LTRIX | |
| Principal LifeTime 2040 Fund | Target Retirement Date | 38 | 5.52% | — | Feb 2001 | PMOAX vs PTDIX | |
| Principal SmallCap S&P 600 Index Fund | Small Cap Blend Equities | 64 | 18.95% | — | Dec 2000 | PMOAX vs PSSMX |
Often Compared With PMOAX
Investors most often compare PMOAX with PMDIX, DHMBX, AHMFX. These 10 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Principal Small-MidCap Dividend Income Fund | Mid Cap Value Equities | 48 | 16.15% | — | Jun 2011 | PMOAX vs PMDIX | |
| BNY Mellon High Yield Municipal Bond Fund | High Yield Muni | 69 | 3.23% | — | Sep 2005 | PMOAX vs DHMBX | |
| American High-Income Municipal Bond Fund Class F-2 | High Yield Muni | 81 | 2.52% | — | Aug 2008 | PMOAX vs AHMFX | |
| Principal LifeTime Hybrid 2060 Fund | Target Retirement Date | 55 | 8.52% | — | Sep 2014 | PMOAX vs PLTHX | |
| Principal LifeTime Hybrid 2055 Fund | Target Retirement Date | 54 | 8.52% | — | Sep 2014 | PMOAX vs PLTNX | |
| Principal LifeTime 2030 Fund | Target Retirement Date | 39 | 4.27% | — | Feb 2001 | PMOAX vs PMTIX | |
| Eaton Vance High Yield Municipal Income Fund | High Yield Muni | 78 | 3.17% | — | Aug 1995 | PMOAX vs ETHYX | |
| Principal Equity Income Fund | Large Cap Value Equities | 67 | 9.33% | — | May 1939 | PMOAX vs PQIAX | |
| Nuveen High Yield Municipal Bond Fund Class A | High Yield Muni | 63 | 3.31% | — | Jun 1999 | PMOAX vs NHMAX | |
| Nuveen High Yield Municipal Bond Fund | High Yield Muni | 61 | 3.32% | — | Jun 1999 | PMOAX vs NHMRX |
Compare PMOAX with Any Fund or Stock
Compare PMOAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PMOAX with funds that move differently
Principal Opportunistic Municipal Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PMOAX.
Explore PMOAX Diversifiers