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.
NAV / 1-Day Return
6.40 / 0.03 %
Adj. Expense Ratio
Longest Manager Tenure
Muni National Interm
Credit Quality / Interest Rate Sensitivity—
Min. Initial Investment
Morningstar’s Fund Analysis PTEAX
Will PTEAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.