Principal Opportunistic Municipal Fund

U.S. News evaluated 43 High Yield Muni Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

See all Principal Funds funds

See full High Yield Muni rankings

See more fund rankings

Performance

The fund has returned 6.17 percent over the past year.

Trailing Returns Updated 06.30.2014
Year to date 10.2%
1 Year 6.2%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

See more PMODX performance

Summary

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 at the time of each purchase. 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 inverse floating rate obligations, which are generally more volatile than other types of municipal obligations.

Fees

Fees are High compared to funds in the same category.
Principal Opportunistic Municipal Fund has an expense ratio of 1.65 percent.

See more PMODX fees

Risk

Risk is N/A compared to funds in the same category according to Morningstar.

See more PMODX risk