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Principal Tax-Exempt Bond A PTEAX

Analyst rating as of
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Morningstar’s Analysis

Will PTEAX outperform in future?

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

A thin team that hungers for yield.

Summary

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Principal Tax-Exempt Bond’s small investment team, willingness to take on relatively high amounts of credit and interest-rate risk, and 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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