Principal Tax-Exempt Bond A (PTEAX)
| Fund Assets | 485.57M |
| Expense Ratio | 0.85% |
| Min. Investment | $1,000 |
| Turnover | 42.90% |
| Dividend (ttm) | 0.24 |
| Dividend Yield | 3.54% |
| Dividend Growth | 6.02% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 6.65 |
| YTD Return | 0.26% |
| 1-Year Return | -0.27% |
| 5-Year Return | 1.48% |
| 52-Week Low | 6.37 |
| 52-Week High | 6.85 |
| Beta (5Y) | 0.27 |
| Holdings | 203 |
| Inception Date | Jan 3, 1977 |
About PTEAX
Principal Tax-Exempt Bond Fund Class A is a fixed income mutual fund designed to provide a high level of income that is exempt from federal income tax, while aiming to preserve investors’ capital. Managed by Principal Global Investors, the fund primarily invests in a diversified portfolio of U.S. municipal bonds, which are debt securities issued by state and local governments and their agencies. These bonds typically finance public projects such as infrastructure, utilities, and community development. The fund’s holdings span various sectors and regions, with notable exposure to municipal issuances in transportation, energy, and housing. The fund’s investment approach may involve assuming moderate credit and interest rate risk relative to its peers, allowing for the potential of higher yields. With a total asset base exceeding $500 million, it plays a significant role for investors seeking federally tax-exempt income and diversification within municipal fixed income markets. The fund's effective duration and credit profile reflect its focus on intermediate-term municipal securities, making it a recognized option within the municipal bond fund category.
Performance
PTEAX had a total return of -0.27% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.83%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
16.47% of assets| Name | Symbol | Weight |
|---|---|---|
| MASSACHUSETTS ST DEV FIN AGY REV | MA.MASDEV 5 07.15.2040 | 2.43% |
| ATLANTA GA ARPT PASSENGER FAC CHARGE REV | GA.ATLAPT 5 07.01.2032 | 2.06% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV | CA.CASDEV 01.01.2065 | 1.75% |
| CALIFORNIA PUB FIN AUTH SR LIVING REV | CA.CASMED 6.5 06.01.2054 | 1.52% |
| NEW YORK TRANSN DEV CORP SPL FAC REV | NY.NYTTRN 5 01.01.2032 | 1.50% |
| KENTUCKY ST TPK AUTH ECONOMIC DEV RD REV | KY.KYSTRN 5 07.01.2031 | 1.49% |
| ILLINOIS ST | IL.ILS 5.5 10.01.2044 | 1.46% |
| UNIVERSITY TEX PERM UNIV FD | TX.UNIHGR 5 07.01.2036 | 1.45% |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV | LA.LASFAC 3.5 11.01.2032 | 1.41% |
| CALIFORNIA HSG FIN AGY MUN CTFS | CA.CASHSG 3.75 03.25.2035 | 1.39% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02325 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02183 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02012 | Jun 30, 2025 |
| May 30, 2025 | $0.0219 | May 30, 2025 |
| Apr 30, 2025 | $0.02001 | Apr 30, 2025 |
| Mar 31, 2025 | $0.01928 | Mar 31, 2025 |