Morningstar

Principal Tax-Exempt Bond Fund Institutional Class PITEX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 6.67  /  0.00
  • Total Assets 509.9M
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 4.09%
  • Effective Duration 5.78 years

USD | NAV as of Jul 14, 2026 | 1-Day Return as of Jul 14, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PITEX

Will PITEX outperform in the 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Principal Tax-Exempt Bond Institutional holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings PITEX

More PITEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS ST DEV FIN AGY REV

2.53 13M
municipal

ATLANTA GA ARPT PASSENGER FAC CHARGE REV

2.03 10M
municipal

UNIVERSITY TEX PERM UNIV FD

2.02 10M
municipal

TOBACCO SETTLEMENT FING CORP N J

1.75 9M
municipal

CALIFORNIA PUB FIN AUTH SR LIVING REV

1.56 8M
municipal

UNIVERSITY TEX PERM UNIV FD

1.46 7M
municipal

KENTUCKY ST TPK AUTH ECONOMIC DEV RD REV

1.45 7M
municipal

ILLINOIS ST

1.45 7M
municipal

LOS ANGELES CALIF DEPT WTR & PWR WTRWKS REV

1.38 7M
municipal

CALIFORNIA HSG FIN AGY MUN CTFS

1.34 7M
municipal

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