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Principal Tax-Exempt Bond A PTEAX

Analyst rating as of
NAV / 1-Day Return
6.74  /  0.48 %
Total Assets
700.2 Mil
Adj. Expense Ratio
Expense Ratio
Fee Level
Below Average
Longest Manager Tenure
10.78 years
Muni National Interm
Credit Quality / Interest Rate Sensitivity
Min. Initial Investment
TTM Yield
Effective Duration
5.59 years

Morningstar’s Analysis

Will PTEAX outperform in future?

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

An aggressive option in its peer group.

Associate Director


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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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