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 | 3.54% |
| Dividend Growth | 7.02% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 30, 2025 |
| Previous Close | 6.49 |
| YTD Return | -2.01% |
| 1-Year Return | -0.06% |
| 5-Year Return | 1.66% |
| 52-Week Low | 6.37 |
| 52-Week High | 6.85 |
| Beta (5Y) | 0.27 |
| Holdings | 211 |
| 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 -0.06% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.79%.
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
15.83% of assets| Name | Symbol | Weight |
|---|---|---|
| MASSACHUSETTS ST DEV FIN AGY REV | MA.MASDEV 5 07.15.2040 | 2.39% |
| ATLANTA GA ARPT PASSENGER FAC CHARGE REV | GA.ATLAPT 5 07.01.2032 | 1.98% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV | CA.CASDEV 01.01.2065 | 1.83% |
| CALIFORNIA PUB FIN AUTH SR LIVING REV | CA.CASMED 6.5 06.01.2054 | 1.51% |
| NEW YORK TRANSN DEV CORP SPL FAC REV | NY.NYTTRN 5 01.01.2032 | 1.45% |
| KENTUCKY ST TPK AUTH ECONOMIC DEV RD REV | KY.KYSTRN 5 07.01.2031 | 1.43% |
| ILLINOIS ST | IL.ILS 5.5 10.01.2044 | 1.41% |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV | LA.LASFAC 3.5 11.01.2032 | 1.35% |
| CALIFORNIA HSG FIN AGY MUN CTFS | CA.CASHSG 3.75 03.25.2035 | 1.33% |
| HOUSTON TEX ARPT SYS REV | TX.HOUAPT 6.62 07.15.2038 | 1.16% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 30, 2025 | $0.0219 | May 30, 2025 |
| Apr 30, 2025 | $0.02001 | Apr 30, 2025 |
| Mar 31, 2025 | $0.01928 | Mar 31, 2025 |
| Feb 28, 2025 | $0.0181 | Feb 28, 2025 |
| Jan 31, 2025 | $0.02101 | Jan 31, 2025 |
| Dec 31, 2024 | $0.02018 | Dec 31, 2024 |