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Morningstar

Principal Tax-Exempt Bond Institutional PITEX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Principal Investment Hub

Morningstar’s Analysis PITEX

Will PITEX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PITEX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PITEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PITEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Peaks and valleys.

Analyst Chiayi Tsui

Chiayi Tsui

Analyst

Summary

Principal Tax-Exempt Bond’s team has shown a tendency to go after yields, taking on more credit and interest-rate risk than peers who tread more in investment-grade debt. That, along with a compact crew and unattractive fees, limit the strategy’s appeal.

by Chiayi Tsui
Rated on Published on

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