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Principal Tax-Exempt Bond A PTEAX Fund Analysis

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Morningstar’s Fund Analysis PTEAX

Will PTEAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

In for a wild ride.

Summary

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Principal Tax-Exempt Bond’s stable and experienced team follows a standard research-based approach, but a tendency to hold higher levels of credit and interest-rate risk relative to peers, combined with unappealing fees, support a Morningstar Analyst Rating of Neutral on its cheaper share classes and Negative on its priciest share class.

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