Tax-Exempt Bond Fund (A) (PTEAX)
|Alpha- The difference between an investment's actual returns and its expected performance, given its level of risk (as measured by beta).|
|Beta- An investment's sensitivity to market movements.|
|R-Squared- Ranges from 0 to 100 and reveals how closely an investment's returns track those of a benchmark index.|
|Standard Deviation- Measures how much an investment's returns are likely to fluctuate.|
|Mean- Represents the annualized total return for a fund over 3 years.|
|Sharpe Ratio- Measures how an investment balances risks and rewards. The higher the Sharpe ratio, the better the investment's historical risk-adjusted performance.|
|Excess Return- The difference between an investment option's return and the return of an external standard such as a passive index.|
|Tracking Error- Also known as "excess risk", is defined as the standard deviation or volatility of excess returns.|
|Information Ratio- A risk-adjusted measure commonly used to evaluate an active manager's involvement skill. It's defined as the manager's excess return divided by the variability or standard deviation of the excess return.|
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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.
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 principalfunds.com, 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