Principal Opportunistic Municipal Fund

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    Principal Opportunistic Municipal Fund

    Highlights

    Balancing risk and reward potential in tax-exempt investing

    • Active management seeks the optimal spot on the yield curve and higher exposure to bonds rated A and BBB, in an effort to maximize yield.
    • Preference for revenue bonds that provide attractive relative yield and less sensitivity to business cycles.
    • Sources opportunities in both investment-grade and high yield markets; higher quality and greater liquidity than a high-yield municipal-only fund.

    Fund details

    as of 03/27/2024 unless indicated otherwise
    Fund ticker
    PMOAX
    CUSIP
    74255L639
    Benchmark
    Bloomberg Municipal Bond Index
    NAV
    $9.73
    Total fund assets
    $146.6M
    Dividend frequency
    Daily
    Minimum investment
    $1,000.00
    Inception date
    06/14/2012
    Morningstar category
    High Yield Muni
    Investment approach
    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, which are 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; and exchange-traded funds (ETFs) to gain exposure to the municipal market.
    Disclosures
    Principal Funds are distributed by Principal Funds Distributor, Inc. ALPS Distributors, Inc. is the distributor of the Principal ETFs. ALPS Distributors, Inc. and the Principal Funds are not affiliated.
    Fixed‐income investment options are subject to interest rate risk, and their value will decline as interest rates rise.
    The holdings listed do not constitute a recommendation to purchase or sell a particular security. Cash and/or derivative positions that are not part of the core investment strategy will not be reflected in the top holdings list.
    NOT FDIC INSURED - MAY LOSE VALUE - NO BANK GUARANTEE
    Morningstar percentile rankings are based on total returns and do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.
    Performance assumes reinvestment of all dividends and capital gains.
    Principal Global Investors is the Investment Adviser of all funds included in the Principal Funds, Inc. Principal Funds are managed by Principal Global Investors, its boutique affiliates, and by many leading sub-advisors.
    To obtain a prospectus, download or call Customer Service at 1.800.222.5852. Carefully consider a fund’s objectives, risks, charges, and expenses. The prospectus, or summary prospectus if available, contains this and other information. Please read it carefully before investing.
    The Index began on May 23, 2016 at a base value of 1,000.00.
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