Principal Tax-Exempt Bond Fund Institutional Class (PITEX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
6.64
+0.02 (0.30%)
Jan 15, 2025, 4:00 PM EST
-1.92%
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.

Category Muni National Interm
Performance Rating Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol PITEX
Share Class Institutional Class
Index Bloomberg Municipal Bond TR

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%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol Share Class Expense Ratio
PTEAX Class A 0.85%
PTBCX Class C 1.74%

Top 10 Holdings

14.41% of assets
Name 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%
View More Holdings

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
Full Dividend History