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.
Principal Tax-Exempt Bond A PTEAX
- NAV / 1-Day Return 6.71 / +0.01 %
- Total Assets 548.7 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.850%
- Distribution Fee Level Average
- Share Class Type Front Load
- Category Muni National Interm
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 3.19%
- Effective Duration 5.29 years
USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:17 PM GMT+0
Morningstar’s Analysis PTEAX
Will PTEAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 14.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
ATLANTA GA ARPT PASSENGER FAC CHARGE REV | 1.89 | 10.5 Mil | municipal |
TEXAS MUN GAS ACQUISITION & SUPPLY CORP I GAS SUPPLY REV | 1.61 | 8.9 Mil | municipal |
PITTSBURGH & ALLEGHENY CNTY PA SPORTS & EXHIB AUTH HOTEL ROOM EXCISE TAX RE | 1.42 | 7.9 Mil | municipal |
ILLINOIS ST | 1.40 | 7.8 Mil | municipal |
NEW YORK TRANSN DEV CORP SPL FAC REV | 1.36 | 7.6 Mil | municipal |
KENTUCKY ST TPK AUTH ECONOMIC DEV RD REV | 1.36 | 7.5 Mil | municipal |
CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV | 1.30 | 7.2 Mil | municipal |
LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV | 1.26 | 7.0 Mil | municipal |
CALIFORNIA HSG FIN AGY MUN CTFS | 1.23 | 6.8 Mil | municipal |
NATIONAL FIN AUTH N H SOLID WASTE DISP REV | 1.22 | 6.8 Mil | municipal |