Principal Tax-Exempt Bond Fund Class A (PTEAX)
| Fund Assets | 503.99M |
| Expense Ratio | 0.85% |
| Min. Investment | $1,000 |
| Turnover | 53.20% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 3.65% |
| Dividend Growth | 8.14% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Dec 31, 2025 |
| Previous Close | 6.96 |
| YTD Return | 0.29% |
| 1-Year Return | 4.08% |
| 5-Year Return | 1.50% |
| 52-Week Low | 6.43 |
| 52-Week High | 6.98 |
| Beta (5Y) | 0.29 |
| Holdings | 201 |
| 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 4.08% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.73%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FLUVX | Fidelity | Fidelity Advisor Municipal Income Fund - Class M | 0.75% |
| FKISX | Fidelity | Fidelity Advisor Municipal Income Fund - Class C | 1.50% |
| FROGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class I | 0.51% |
| FUENX | Fidelity | Fidelity Flex Municipal Income Fund | n/a |
| FHIGX | Fidelity | Fidelity Municipal Income Fund | 0.44% |
Top 10 Holdings
16.26% of assets| Name | Symbol | Weight |
|---|---|---|
| MASSACHUSETTS ST DEV FIN AGY REV | MA.MASDEV 5 07.15.2040 | 2.62% |
| ATLANTA GA ARPT PASSENGER FAC CHARGE REV | GA.ATLAPT 5 07.01.2032 | 2.10% |
| CALIFORNIA PUB FIN AUTH SR LIVING REV | CA.CASMED 6.5 06.01.2054 | 1.63% |
| UNIVERSITY TEX PERM UNIV FD | TX.UNIHGR 5 07.01.2036 | 1.53% |
| KENTUCKY ST TPK AUTH ECONOMIC DEV RD REV | KY.KYSTRN 5 07.01.2031 | 1.50% |
| ILLINOIS ST | IL.ILS 5.5 10.01.2044 | 1.48% |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV | LA.LASFAC 3.5 11.01.2032 | 1.42% |
| CALIFORNIA HSG FIN AGY MUN CTFS | CA.CASHSG 3.75 03.25.2035 | 1.38% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV | CA.CASDEV 01.01.2065 | 1.34% |
| MARICOPA CNTY ARIZ INDL DEV AUTH REV | AZ.MARDEV 4 01.01.2041 | 1.25% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2025 | $0.02138 | Dec 31, 2025 |
| Nov 28, 2025 | $0.01828 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02728 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02133 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02325 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02183 | Jul 31, 2025 |