Principal Tax-Exempt Bond Fund Class A (PTEAX)
| Fund Assets | 589.05M |
| Expense Ratio | 0.85% |
| Min. Investment | $1,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.24 |
| Dividend Yield | 3.40% |
| Dividend Growth | 10.01% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 28, 2025 |
| Previous Close | 6.74 |
| YTD Return | 0.91% |
| 1-Year Return | 2.31% |
| 5-Year Return | 3.30% |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| Beta (5Y) | 0.28 |
| Holdings | 213 |
| Inception Date | Jan 3, 1977 |
About PTEAX
PTEAX was founded on 1977-01-03 and is currently managed by Noble,Welch. The Fund's investment strategy focuses on Gen & Ins Muni with 0.77% total expense ratio. The minimum amount to invest in Principal Funds, Inc: Tax-Exempt Bond Fund; Class A Shares is $1,000 on a standard taxable account. Principal Funds, Inc: Tax-Exempt Bond Fund; Class A Shares seeks high level of current income exempt from federal income tax as is consistent with preservation of capital. PTEAX 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
PTEAX had a total return of 2.31% in the past year. Since the fund's inception, the average annual return has been 1.87%, including dividends.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| undefined | Fidelity | Fidelity Advisor Municipal Income Fund - Class M | 0.75% |
| undefined | Fidelity | Fidelity Advisor Municipal Income Fund - Class C | 1.50% |
| undefined | Fidelity | Fidelity Advisor Municipal Income Fund - Class I | 0.51% |
| undefined | Fidelity | Fidelity Flex Municipal Income Fund | n/a |
| undefined | Fidelity | Fidelity Municipal Income Fund | 0.44% |
Top 10 Holdings
15.14% of assets| Name | Symbol | Weight |
|---|---|---|
| MASSACHUSETTS ST DEV FIN AGY REV 5% | n/a | 2.38% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 8% | CA CASDEV 01.01.2050 | 1.91% |
| ATLANTA GA ARPT PASSENGER FAC CHARGE REV 5% | n/a | 1.87% |
| ILLINOIS ST 5.5% | IL ILS 5.5 10.01.2044 | 1.41% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5% | NY NYTTRN 5 01.01.2032 | 1.38% |
| KENTUCKY ST TPK AUTH ECONOMIC DEV RD REV 5% | KY KYSTRN 5 07.01.2031 | 1.36% |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 3.5% | LA LASFAC 3.5 11.01.2032 | 1.29% |
| CALIFORNIA HSG FIN AGY MUN CTFS 3.75% | n/a | 1.27% |
| MARICOPA CNTY ARIZ INDL DEV AUTH REV 4% | AZ MARDEV 4 01.01.2041 | 1.16% |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP I GAS SUPPLY REV 6.25% | TX TXSUTL 6.25 12.15.2026 | 1.13% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 28, 2025 | $0.0181 | Feb 28, 2025 |
| Jan 31, 2025 | $0.02101 | Jan 31, 2025 |
| Dec 31, 2024 | $0.02018 | Dec 31, 2024 |
| Nov 29, 2024 | $0.01996 | Nov 29, 2024 |
| Oct 31, 2024 | $0.02052 | Oct 31, 2024 |
| Sep 30, 2024 | $0.01848 | Sep 30, 2024 |