Principal Opportunistic Municipal Fund Class A is an actively managed municipal bond mutual fund that focuses on generating a high level of income exempt from federal income tax, while seeking to safeguard investor capital. Targeting the high yield segment of the municipal bond market, the fund invests in a diversified portfolio of U.S. municipal securities, including those with varying credit qualities and maturities. Introduced by Principal Funds in 2012, it is managed by a seasoned team specializing in fixed income strategies. This fund plays a significant role for investors aiming to enhance after-tax income, particularly those in higher tax brackets, and to moderate overall portfolio risk. Notably, municipal bonds historically offer attractive tax-equivalent yields and lower default rates compared to traditional investment-grade bonds, and exhibit lower correlations with other major asset classes. This fund’s opportunistic and flexible approach allows it to adapt to changing market conditions, leveraging multiple sources of potential return while maintaining a primary emphasis on income and capital preservation within the broader fixed income landscape.
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