See what your fund actually adds
Principal California Municipal Fund Class A SRCMX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | SRCMX | Replication |
|---|---|---|
| Annualized growth | -0.6% | 0.2% |
| Annualized volatility | 4.8% | 4.7% |
| Sharpe ratio | -0.10 | 0.07 |
| Maximum drawdown | 14.7% | 11.3% |
| Replication fit (R²) | 0.97 · Tracking error 0.9% | |
Replication portfolio
The published portfolio below is the investable basket used to model SRCMX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 93.3% |
| SPHY | FI · High Yield | 4.4% |
| VCSH | FI · Short Corp | 2.3% |