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Investment Type: pifretail

Tax-Exempt Bond Fund (A) (PTEAX)

Class A | Class C | Class I

Portfolio Composition

  as of 11/30/2020
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Asset Distribution
Asset TypeNetShortLong
U.S. Bonds 98.45% 0.0%   98.45%  
Cash 1.54% 0.0%   1.54%  
Non-U.S. Bonds 0.01% 0.0%   0.01%  

Top 10 Holdings

  as of 11/30/2020
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% of Net Assets
Texas Mun Gas Acquisition & Supply Corp I Gas Supply Rev 2.09
National Fin Auth N H Mun Ctfs 1.67
Colorado Health Facs Auth Rev 1.46
Tobacco Settlement Fing Corp N J 1.29
New York Transn Dev Corp Spl Fac Rev 1.28
Buckeye Ohio Tob Settlement Fing Auth 1.26
Charlotte N C 1.22
Chicago Ill Tran Auth Sales Tax Rcpts Rev 1.17
National Fin Auth N H Solid Waste Disp Rev 1.08
Virginia College Bldg Auth Va Edl Facs Rev 21St Centy College & Equip Prog 1.04
Total*: 13.58
*Values may exceed 100% if both long and short positions are included in the portfolio

View Full Portfolio Holdings

Morningstar Style Box™

  as of 11/30/2020
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Investment Style
Stylebox Market Capitalization

Credit Analysis

  as of 11/30/2020
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% Bonds
AAA 4.97
AA 18.91
A 34.26
BBB 23.73
BB 6.18
B 2.11
Below B 1.15
Not Rated 8.70


as of 11/30/2020
Average Eff Duration (yrs): 5.64
Average Eff Maturity (yrs): 13.27
Avg Weighted Coupon: 4.66
Avg Weighted Price: $117.40
30-Day SEC Yield - Subsidized (Net)
as of 12/31/2020:
30-Day SEC Yield - Non-Subsidized (Gross)
as of 12/31/2020:


  as of 11/30/2020
Turnover Ratio: 64.00%

2021 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Past performance is no guarantee of future results. Investment options are subject to investment risk. Shares or unit values will fluctuate and investments, when redeemed, may be worth more or less than their original cost.

Portfolio holdings are subject to change and companies referenced in this report may not currently be held. Information is current as of the creation of this piece. Keep in mind that portfolio holdings are subject to risk. Click here for a complete list of the most recent publicly available holdings.

The full name of this investment option is Principal Tax-Exempt Bond Fund (A).

Investors should carefully consider a fund's investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting, or calling 800-222-5852. Read the prospectus carefully before investing.

Principal Funds are distributed by Principal Funds Distributor, Inc.

Not FDIC Insured
May Lose Value - Not a Deposit - No Bank Guarantee
Not Insured by any Federal Government Agency

Bloomberg Barclays Municipal Bond Index represents the long-term, investment-grade tax-exempt bond market.

Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. A portion of the Fund's income may be subject to state and/or local taxes, and it may be subject to federal alternative minimum tax (AMT) for certain investors.