Principal Tax-Exempt Bond Fund (PTEAX)

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Principal Tax-Exempt Bond Fund (PTEAX) is up 1.5% since the beginning of the year. PTEAX is currently trading at $7 per share. Investors who bought $1,000 worth of PTEAX shares 5 years ago would now be looking at an investment worth $1,016.

Principal Tax-Exempt Bond Fund (PTEAX) has returned 1.54% so far this year and 6.64% over the past 12 months. Over the last ten years, PTEAX has returned 1.94% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 31, 1980, PTEAX's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.

Historically, 60% of months were positive and 40% were negative. The best month was Aug 1982 with a return of +14.6%, while the worst month was Dec 1981 at -11.6%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 9 months.

On a daily basis, PTEAX closed higher 33% of trading days. The best single day was Aug 30, 1982 with a return of +11.8%, while the worst single day was Mar 28, 1980 at -12.9%.

Principal Tax-Exempt Bond Fund has an annualized alpha of 2.31%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 31, 1980.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (12.63%) than losses (12.12%) - typical of diversified or defensive assets.
• Beta of 0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PTEAX has an expense ratio of 0.73%, placing it in the medium range.

PTEAX ranks 64 for risk / return — better than 64% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Principal Tax-Exempt Bond Fund provided a 3.82% dividend yield over the last twelve months, with an annual payout of $0.26 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Principal Tax-Exempt Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Principal Tax-Exempt Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Principal Tax-Exempt Bond Fund was 38.72%, occurring on Jan 13, 1982. Recovery took 2057 trading sessions.

The current Principal Tax-Exempt Bond Fund drawdown is 0.41%.

The chart below shows the rolling one-month volatility.