Principal Tax-Exempt Bond Fund Institutional Class (PITEX)
Fund Assets | 589.05M |
Expense Ratio | 0.57% |
Min. Investment | $0.00 |
Turnover | n/a |
Dividend (ttm) | 0.26 |
Dividend Yield | 3.79% |
Dividend Growth | 10.26% |
Payout Frequency | Monthly |
Ex-Dividend Date | Jan 31, 2025 |
Previous Close | 6.62 |
YTD Return | -0.90% |
1-Year Return | 1.48% |
5-Year Return | 0.64% |
52-Week Low | n/a |
52-Week High | n/a |
Beta (5Y) | n/a |
Holdings | 216 |
Inception Date | Jan 3, 1977 |
About PITEX
PITEX was founded on 2015-05-18 and is currently managed by Noble,Welch. The Fund's investment strategy focuses on Gen & Ins Muni with 0.52% total expense ratio. Principal Funds, Inc: Tax-Exempt Bond Fund; Institutional Class Shares seeks high level of current income exempt from federal income tax as is consistent with preservation of capital. PITEX invests at least 80% of its net assets in tax-exempt bonds (securities issued by or on behalf of state or local governments and other public authorities) at the time of purchase.
Performance
PITEX had a total return of 1.48% in the past year. Since the fund's inception, the average annual return has been 1.91%, including dividends.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Symbol | Provider | Name | Expense Ratio |
---|---|---|---|
FROGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class I | 0.52% |
FSAJX | Fidelity | Fidelity SAI Tax-Free Bond Fund | 0.25% |
FHUGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class A | 0.77% |
FLUVX | Fidelity | Fidelity Advisor Municipal Income Fund - Class M | 0.75% |
FSABX | Fidelity | Fidelity SAI Municipal Bond Index Fund | 0.07% |
Top 10 Holdings
14.41% of assetsName | Symbol | Weight |
---|---|---|
CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV | CA CASDEV 01.01.2050 | 1.94% |
ATLANTA GA ARPT PASSENGER FAC CHARGE REV | n/a | 1.87% |
MASSACHUSETTS ST DEV FIN AGY REV | MA MASDEV 5 07.15.2040 | 1.67% |
NEW YORK TRANSN DEV CORP SPL FAC REV | NY NYTTRN 5 01.01.2032 | 1.39% |
ILLINOIS ST | IL ILS 5.5 10.01.2044 | 1.38% |
KENTUCKY ST TPK AUTH ECONOMIC DEV RD REV | KY KYSTRN 5 07.01.2031 | 1.37% |
LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV | LA LASFAC 3.5 11.01.2032 | 1.26% |
CALIFORNIA HSG FIN AGY MUN CTFS | n/a | 1.25% |
MARICOPA CNTY ARIZ INDL DEV AUTH REV | AZ MARDEV 4 01.01.2041 | 1.17% |
TEXAS MUN GAS ACQUISITION & SUPPLY CORP I GAS SUPPLY REV | TX TXSUTL 6.25 12.15.2026 | 1.11% |
Dividend History
Ex-Dividend | Amount | Pay Date |
---|---|---|
Jan 31, 2025 | $0.02262 | Jan 31, 2025 |
Dec 31, 2024 | $0.02173 | Dec 31, 2024 |
Nov 29, 2024 | $0.02148 | Nov 29, 2024 |
Oct 31, 2024 | $0.02198 | Oct 31, 2024 |
Sep 30, 2024 | $0.01982 | Sep 30, 2024 |
Aug 30, 2024 | $0.02315 | Aug 30, 2024 |