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9.89
0.00
0%
22/11 - Closed. Currency in USD
- Morningstar Rating:
- Total Assets: 325.14M
Principal California Municipal A
9.89
0.00
0%
- Overview
- Profile
- Historical Data
- Holdings
Principal California Municipal Fund Class A Overview
On this page you'll find an in-depth profile of Principal California Municipal Fund Class A. Learn about the key management, total assets, investment strategy and contact information of SRCMX among other information.
Investment Strategy
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.
Contact Information
Address
430 W 7th St, Ste 219971
Kansas City,MO 64105-1407
United States
Kansas City,MO 64105-1407
United States
Phone
1-800-787-1621
Top Executives
| Name | Title | Since | Until |
|---|---|---|---|
| James Welch | Portfolio Manager | 2014 | Now |
| Biography | 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. | ||
| James P. Noble | Portfolio Manager | 2011 | Now |
| Biography | James Noble played a vital role in establishing Principal’s Tax Sensitive Strategies in 2010. His performance has been widely recognized by Morningstar and various periodicals since inheriting (Principal Tax Exempt/Principal California) and creating (Principal Municipal Opportunistic) mutual funds. Previously, James had additional portfolio management/fundamental analysis duties at Dreyfus Tax Exempt and Dreyfus Taxable Fixed Income Departments (wholly owned subsidiaries of the Bank of New York Mellon Corporation). During his career, he has focused on speculative credits/derivatives capitalizing on market dislocations for various clients (mutual funds, high net worth, retail SMA, and institutional. Past investment endeavors include managing the options desk at Dreyfus Investment Services. James received a MBA and bachelor’s degree from Hofstra University. He is a member of the Municipal Analyst Group of New York and New York Society of Security Analysts. | ||
| Douglas J. Gaylor | Co-Portfolio Manager | 2011 | 2014 |
| Biography | Douglas J. Gaylor has been a co-portfolio manager. Douglas is a managing director and the head of tax-exempt securities at Guardian Life. Prior to joining Guardian Life in 2014, Douglas spent five years at Principal Global Investors, where he was director of municipal asset management. He also spent 14 years at The Dreyfus Corporation, where he ultimately served as lead portfolio manager of municipals. Previously, he was a municipal bond analyst, trader, and portfolio manager at PNC Bank-BlackRock and Wilmington Trust. He has more than 30 years of investment experience. Douglas holds a B.S. in financial administration from State University of New York at Brockport and an M.B.A. in financial planning and control from the State University of New York at Buffalo. | ||
| Thomas M. Byron | Senior Vice President | 2009 | 2011 |
| Biography | Tom Byron is a Senior Vice President and Senior Portfolio Manager at First Trust. He joined First Trust in 2022 and has over 40 years of experience in municipal unit trust and municipal bond portfolio management. Prior to joining First Trust, Mr. Byron was a Director and senior portfolio manager on the Tax-Exempt Fixed Income Team at BMO Global Asset Management for over six years. Before joining BMO Global Asset Management in 2015, Tom was an Executive Director and senior portfolio manager at Invesco for five years and Morgan Stanley for thirteen years. He began his career in the investment industry as a unit trust administrator for Invesco in 1981. Tom holds an M.B.A. in finance from DePaul University and a B.S. in finance from Marquette University. | ||
| Robert W. Wimmel | Head | 2009 | 2011 |
| Biography | Rob is the head of Tax-Exempt Fixed Income at BMO Global Asset Management. Rob began his career in the investment industry in 1992 and joined BMO Global Asset Management in 2015. Previously, Rob was head of investment-grade municipals at Invesco from 1996 to 2015. Rob holds an M.A. in economics from the University of Illinois at Chicago and a B.A. in anthropology cum laude from the University of Cincinnati. | ||
| Robert J. Stryker | Senior Portfolio Manager | 2008 | 2011 |
| Biography | Robert Stryker is a Senior Portfolio Manager for Invesco municipal strategies. Previously, Mr. Stryker was with Van Kampen, serving as a portfolio manager on the Municipal Fixed Income team, a fixed income trader, a portfolio analyst and a fixed income credit analyst. He entered the industry when he joined Van Kampen in 1994, and joined Invesco in 2010 when the firm combined with Van Kampen. Mr. Stryker earned a BS degree in finance from the University of Illinois, Chicago. He is a CFA charterholder. | ||
| Mark Paris | Senior Portfolio Manager | 2008 | 2009 |
| Biography | Mark Paris is Chief Investment Officer and Head of Municipal Strategies for Invesco Fixed Income. In this capacity, he is responsible for the oversight and implementationof all municipal bond strategies. Mr. Paris entered the financial industry in 1990 and joined Invesco in 2010 when the firm combined with Van Kampen investments. Prior to joining the firm, Mr. Paris was a trader and then a portfolio manager on the muncipal fixed income team at Morgan Stanley/Van Kampen, which he joing in 2002. He also was previously a trader and portfolio manager at Oppenheimer Funds, head underwriter at Chase Manhattan Bank, and a trader and underwriter at NatWest Bank. Mr. Paris earned a BBA in finance from Baruch College of the City University of New York. | ||
| Joseph A. Piraro | Executive Director | 1992 | 2008 |
| Biography | Piraro is an executive director of Morgan Stanley Investment Advisors Inc., his employer since 1992. Prior to joining the firm, he was a senior municipal trader at the First National Bank of Chicago for nearly five years and at Continental Illinois National Bank for 16 years. | ||
| Susan P. Keenan | Portfolio Manager | 1989 | 1992 |
| Biography | Keenan is a portfolio manager with Alliance Capital Management, her employer since 1984. Prior to joining the firm, she was a municipal-bond manager with Smith Barney, Harris & Upham & Co. Keenan is a member of the Society of Municipal Analysts and is a past president of the Municipal Forum of New York. She has also served on the Forum's board of governors since 1989. | ||
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