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Principal Tax-Exempt Bond A (PTEAX)

7.38 0.00(0.00%) Aug 19
Prev Close:7.38
YTD Return*:8.29%
Net Assets*:214.10M
Yield*:4.05%

* As of 31-Jul-14

Quotes delayed, except where indicated otherwise. Currency in USD.

Headlines

  • No Headlines available for PTEAX at this time.

Top Holdings

Symbol% AssetsYTD Return %
Milwaukee Cnty Wis Arpt Rev Arpt 5.25%2.02N/A
Iowa Fin Auth 5%1.95N/A
Illinois St Go Bds 5.5%1.79N/A
Massachusetts Edl Fing Auth 4.9%1.79N/A
Hudson Yds Infrasct Corp Senior Re 5.75%1.32N/A

Fund Basics

Morningstar Overall Rating:
Total Assets:214.1M
Category:Muni National Long
Annual Report Expense Ratio (net):0.78%

Performance & Risk

YTD Return:8.29%
5y Avg Return:6.32%
Rank in Category (ytd):12
% Rank in Category (ytd):4.74%
Beta (3y):1.30
Morningstar Risk Rating:4

Fund Summary

The investment seeks to provide a high level of income that is exempt from federal income tax while protecting investors' capital. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in tax‐exempt bonds at the time of each purchase. It may invest up to 20% of its assets in below investment grade bonds which are rated at the time of purchase Ba1 or lower by Moody's and BB+ or lower by S&P. The fund maintains an average portfolio duration that is within ±50% of the duration of the Barclays Municipal Bond Index. View More
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