PCMFX – Fund Analysis – Principal California Municipal Instl | Morningstar

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Will PCMFX outperform in future?

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Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PCMFX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar

The People Pillar is our evaluation of the PCMFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar

The Parent Pillar is our rating of PCMFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Analyst Chiayi Tsui

Chiayi Tsui

Analyst

Summary

Principal California Municipal’s team has shown a tendency to go after yield, taking on more credit and interest-rate risk than peers. That, along with a compact crew and unattractive fees, limits the strategy’s appeal.

by Chiayi Tsui

Rated on Aug 30, 2024 Published on Aug 30, 2024

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