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Principal Tax-Exempt Bond C PTBCX

Analyst rating as of
NAV / 1-Day Return
7.65  /  0.01 %
Total Assets
792.2 Mil
Adj. Expense Ratio
1.590%
Expense Ratio
1.630%
Fee Level
High
Longest Manager Tenure
10.08 years
Category
Muni National Interm
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
1,000
Status
Open
TTM Yield
1.45%
Effective Duration
5.33 years
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Morningstar’s Analysis

Will PTBCX outperform in future?

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

An aggressive option in its peer group.

Senior Analyst

Summary

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The experienced managers running Principal Tax-Exempt Bond follow a standard, research-based approach to build this portfolio. Yet the team remains on the smaller side by industry standards, and the team's willingness to hold relatively higher stakes of credit and interest-rate risk in this strategy combined with middling fees support a Morningstar Analyst Rating of Neutral on its cheaper share classes, while its most expensive share class is rated Negative.

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