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Principal Opportunistic Municipal Instl (POMFX)

Nasdaq - Nasdaq Delayed price. Currency in USD
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9.68+0.02 (+0.21%)
At close: 08:00PM EDT

Principal Opportunistic Municipal Instl

Des Moines, IA 50392

711 High Street

Principal Financial Group

(800) 986-3343
Management information
,Lead manager since 30 September 2014
James Welch - Portfolio Manager James is a portfolio manager at Principal Global Investors. He is responsible for managing tax exempt portfolios. James joined the firm in 2014. Prior to his current role, James served as a CIO-portfolio manager at Castleton Partners LLC. He received a bachelor's degree in economics from Pennsylvania State University.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryHigh Yield Muni
Fund familyPrincipal Funds
Net assets145.48M
YTD return0.75%
Yield4.46%
Morningstar rating★★★★
Inception date9 Mar 2015

Fund operations

Last dividend0.14
Last cap gain-18.00
Holdings turnover41.40%
Average for categoryN/A

Fees and expenses

ExpensePOMFXCategory average
Annual report expense ratio (net)0.77%0.92%
Prospectus net expense ratio0.77%N/A
Prospectus gross expense ratio0.83%N/A
Max 12b1 feeN/AN/A
Max front end sales loadN/A3.71%
Max deferred sales loadN/A1.38%
3-yr expense projection0N/A
5-yr expense projection0N/A
10-yr expense projection0N/A