Principal California Municipal Fund (SRCMX)
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. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in California municipal obligations (securities issued by or on behalf of state or local governments and other public authorities) at the time of purchase. Generally, these municipal obligations pay interest that is exempt from state personal income tax and federal income tax.
Fund Info
US74254V6956
74254V695
Jul 24, 1989
$1,000
Expense Ratio
SRCMX features an expense ratio of 0.72%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Principal California 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 California Municipal Fund had a return of 0.29% year-to-date (YTD) and 2.82% in the last 12 months. Over the past 10 years, Principal California Municipal Fund had an annualized return of 2.17%, while the S&P 500 had an annualized return of 11.26%, indicating that Principal California Municipal Fund did not perform as well as the benchmark.
SRCMX
0.29%
0.70%
0.58%
2.82%
0.14%
2.17%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of SRCMX, 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 | 0.18% | 0.29% | |||||||||||
| 2024 | -0.06% | 0.23% | -0.10% | -0.53% | 0.07% | 1.26% | 0.77% | 0.68% | 0.84% | -1.04% | 1.18% | -0.93% | 2.37% |
| 2023 | 2.60% | -1.92% | 1.59% | 0.11% | -0.58% | 0.76% | 0.33% | -0.79% | -2.38% | -0.98% | 4.78% | 2.12% | 5.56% |
| 2022 | -2.99% | -0.86% | -3.38% | -3.49% | 0.93% | -1.91% | 2.80% | -1.89% | -3.65% | -1.04% | 4.34% | 0.25% | -10.70% |
| 2021 | 0.88% | -1.81% | 0.65% | 1.11% | 0.63% | 0.36% | 0.90% | -0.44% | -0.99% | -0.18% | 0.81% | 0.09% | 1.98% |
| 2020 | 2.11% | 1.69% | -6.46% | -2.04% | 3.50% | 2.06% | 2.04% | -0.40% | 0.06% | -0.19% | 1.83% | 0.93% | 4.84% |
| 2019 | 0.65% | 0.62% | 1.81% | 0.43% | 1.59% | 0.49% | 0.78% | 2.09% | -0.92% | 0.10% | 0.18% | 0.26% | 8.34% |
| 2018 | -1.35% | -0.62% | 0.39% | -0.32% | 1.25% | 0.07% | 0.16% | 0.19% | -0.73% | -1.10% | 0.77% | 1.15% | -0.18% |
| 2017 | 0.55% | 0.83% | 0.31% | 0.75% | 1.92% | -0.18% | 0.65% | 0.94% | -0.31% | 0.16% | -0.11% | 1.23% | 6.92% |
| 2016 | 1.15% | 0.07% | 0.82% | 0.90% | 0.61% | 2.17% | -0.32% | 0.30% | -0.70% | -1.37% | -5.09% | 1.49% | -0.18% |
| 2015 | 1.89% | -0.87% | 0.48% | -0.74% | -0.24% | -0.30% | 0.81% | 0.30% | 0.83% | 0.43% | 0.64% | 1.17% | 4.45% |
| 2014 | 2.87% | 2.16% | 0.57% | 1.43% | 1.82% | 0.03% | 0.33% | 1.79% | 0.39% | 0.69% | 0.23% | 0.85% | 13.92% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SRCMX is 51, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Principal California Municipal Fund (SRCMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Principal California Municipal Fund provided a 3.09% dividend yield over the last twelve months, with an annual payout of $0.30 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.30 | $0.28 | $0.26 | $0.24 | $0.22 | $0.28 | $0.33 | $0.34 | $0.31 | $0.48 | $0.39 |
Dividend yield | 3.09% | 3.05% | 2.79% | 2.64% | 2.15% | 1.94% | 2.54% | 3.19% | 3.19% | 3.02% | 4.51% | 3.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Principal California 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 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.28 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.31 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.06 | $0.05 | $0.05 | $0.48 |
| 2014 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.39 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Principal California 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 California Municipal Fund was 23.29%, occurring on Dec 16, 2008. Recovery took 341 trading sessions.
The current Principal California Municipal Fund drawdown is 3.93%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.29% | Dec 5, 2006 | 510 | Dec 16, 2008 | 341 | Apr 27, 2010 | 851 |
| -15.72% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -13.94% | Mar 3, 2020 | 14 | Mar 20, 2020 | 176 | Nov 30, 2020 | 190 |
| -12.79% | Feb 1, 1994 | 211 | Nov 22, 1994 | 131 | May 24, 1995 | 342 |
| -9.53% | Oct 13, 2010 | 66 | Jan 14, 2011 | 139 | Aug 4, 2011 | 205 |
Volatility
Volatility Chart
The current Principal California Municipal Fund volatility is 0.69%, 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.