Tax-Exempt Bond Fund formerly Tax-Exempt Bond Fund I
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.2%
1 yr return
3.4%
3 Yr Avg Return
-1.9%
5 Yr Avg Return
0.3%
Net Assets
$556 M
Holdings in Top 10
14.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.74%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 24.80%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PTBCX - Profile
Distributions
- YTD Total Return 0.2%
- 3 Yr Annualized Total Return -1.9%
- 5 Yr Annualized Total Return 0.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.37%
- Dividend Yield 2.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameTax-Exempt Bond Fund formerly Tax-Exempt Bond Fund I
-
Fund Family NamePrincipal Funds
-
Inception DateJan 18, 2007
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJames Noble
Fund Description
PTBCX - Performance
Return Ranking - Trailing
Period | PTBCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.2% | -2.7% | 12.2% | 26.68% |
1 Yr | 3.4% | -3.0% | 38.5% | 44.67% |
3 Yr | -1.9%* | -10.3% | 3.3% | 89.56% |
5 Yr | 0.3%* | -5.7% | 1102.9% | 80.06% |
10 Yr | 1.7%* | -0.2% | 248.3% | 56.76% |
* Annualized
Return Ranking - Calendar
Period | PTBCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.3% | -1.4% | 41.0% | 26.88% |
2022 | -14.0% | -39.7% | 0.3% | 82.52% |
2021 | 0.5% | -5.6% | 6.9% | 14.68% |
2020 | 2.5% | -2.6% | 310.0% | 15.35% |
2019 | 5.5% | 0.0% | 26.0% | 8.95% |
Total Return Ranking - Trailing
Period | PTBCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.2% | -2.7% | 12.2% | 26.68% |
1 Yr | 3.4% | -3.0% | 38.5% | 44.67% |
3 Yr | -1.9%* | -10.3% | 3.3% | 89.56% |
5 Yr | 0.3%* | -5.7% | 1102.9% | 80.06% |
10 Yr | 1.7%* | -0.2% | 248.3% | 56.76% |
* Annualized
Total Return Ranking - Calendar
Period | PTBCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.9% | -1.3% | 41.0% | 44.69% |
2022 | -12.4% | -39.7% | 1.1% | 88.30% |
2021 | 2.1% | -4.8% | 23761504.0% | 36.64% |
2020 | 4.1% | -1.5% | 17057.9% | 39.22% |
2019 | 6.8% | 0.2% | 3514.6% | 40.57% |
NAV & Total Return History
PTBCX - Holdings
Concentration Analysis
PTBCX | Category Low | Category High | PTBCX % Rank | |
---|---|---|---|---|
Net Assets | 556 M | 3.48 M | 68.1 B | 41.46% |
Number of Holdings | 247 | 2 | 12848 | 45.81% |
Net Assets in Top 10 | 77.3 M | -317 M | 3.4 B | 51.55% |
Weighting of Top 10 | 13.96% | 1.9% | 100.4% | 68.15% |
Top 10 Holdings
- City of Atlanta GA Airport Passenger Facility Charge 1.88%
- Texas Municipal Gas Acquisition and Supply Corp I 1.59%
- Sports Exhibition Authority of Pittsburgh Allegheny County 1.43%
- State of Illinois 1.39%
- Kentucky Turnpike Authority 1.36%
- New York Transportation Development Corp 1.34%
- California Infrastructure Economic Development Bank 1.28%
- California Housing Finance Agency 1.25%
- Louisiana Local Government Environmental Facilities Community Development Authority 1.23%
- New Hampshire Business Finance Authority 1.21%
Asset Allocation
Weighting | Return Low | Return High | PTBCX % Rank | |
---|---|---|---|---|
Bonds | 99.24% | 0.00% | 150.86% | 41.15% |
Cash | 0.67% | -50.86% | 50.09% | 60.50% |
Stocks | 0.09% | 0.00% | 99.80% | 6.76% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 97.23% |
Other | 0.00% | -8.54% | 33.35% | 91.49% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 97.15% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PTBCX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 0.00% | N/A |
Technology | 0.00% | 0.00% | 0.00% | N/A |
Real Estate | 0.00% | 0.00% | 0.00% | N/A |
Industrials | 0.00% | 0.00% | 100.00% | N/A |
Healthcare | 0.00% | 0.00% | 0.00% | N/A |
Financial Services | 0.00% | 0.00% | 0.00% | N/A |
Energy | 0.00% | 0.00% | 0.00% | N/A |
Communication Services | 0.00% | 0.00% | 100.00% | N/A |
Consumer Defense | 0.00% | 0.00% | 0.00% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | N/A |
Basic Materials | 0.00% | 0.00% | 0.00% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PTBCX % Rank | |
---|---|---|---|---|
US | 0.09% | 0.00% | 99.80% | 6.77% |
Non US | 0.00% | 0.00% | 10.75% | 73.26% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PTBCX % Rank | |
---|---|---|---|---|
Municipal | 99.33% | 44.39% | 100.00% | 33.57% |
Derivative | 0.00% | -8.54% | 23.38% | 90.46% |
Cash & Equivalents | 0.00% | 0.00% | 48.02% | 98.52% |
Securitized | 0.00% | 0.00% | 5.93% | 97.15% |
Corporate | 0.00% | 0.00% | 9.41% | 97.67% |
Government | 0.00% | 0.00% | 52.02% | 97.48% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PTBCX % Rank | |
---|---|---|---|---|
US | 99.24% | 0.00% | 142.23% | 38.79% |
Non US | 0.00% | 0.00% | 23.89% | 77.13% |
PTBCX - Expenses
Operational Fees
PTBCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.74% | 0.01% | 20.65% | 4.45% |
Management Fee | 0.40% | 0.00% | 1.20% | 42.43% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 94.05% |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
PTBCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | 1.00% | 0.25% | 5.00% | 73.94% |
Trading Fees
PTBCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PTBCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 24.80% | 0.00% | 283.00% | 71.55% |
PTBCX - Distributions
Dividend Yield Analysis
PTBCX | Category Low | Category High | PTBCX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.26% | 0.00% | 14.36% | 75.66% |
Dividend Distribution Analysis
PTBCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
PTBCX | Category Low | Category High | PTBCX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.37% | -0.53% | 5.33% | 76.65% |
Capital Gain Distribution Analysis
PTBCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Feb 29, 2024 | $0.013 | DailyAccrualFund |
Jan 31, 2024 | $0.013 | DailyAccrualFund |
Dec 29, 2023 | $0.014 | DailyAccrualFund |
Nov 30, 2023 | $0.013 | DailyAccrualFund |
Oct 31, 2023 | $0.014 | DailyAccrualFund |
Sep 29, 2023 | $0.013 | DailyAccrualFund |
Aug 31, 2023 | $0.013 | DailyAccrualFund |
Jul 31, 2023 | $0.012 | DailyAccrualFund |
Jun 30, 2023 | $0.013 | DailyAccrualFund |
May 31, 2023 | $0.012 | DailyAccrualFund |
Apr 28, 2023 | $0.011 | DailyAccrualFund |
Mar 31, 2023 | $0.013 | DailyAccrualFund |
Feb 28, 2023 | $0.011 | DailyAccrualFund |
Jan 31, 2023 | $0.011 | DailyAccrualFund |
Dec 30, 2022 | $0.013 | DailyAccrualFund |
Nov 30, 2022 | $0.012 | DailyAccrualFund |
Oct 31, 2022 | $0.012 | DailyAccrualFund |
Sep 30, 2022 | $0.012 | DailyAccrualFund |
Aug 31, 2022 | $0.011 | DailyAccrualFund |
Jul 29, 2022 | $0.011 | DailyAccrualFund |
Jun 30, 2022 | $0.011 | DailyAccrualFund |
May 31, 2022 | $0.010 | DailyAccrualFund |
Apr 29, 2022 | $0.010 | DailyAccrualFund |
Mar 31, 2022 | $0.008 | DailyAccrualFund |
Feb 28, 2022 | $0.007 | DailyAccrualFund |
Jan 31, 2022 | $0.006 | DailyAccrualFund |
Dec 31, 2021 | $0.007 | DailyAccrualFund |
Nov 30, 2021 | $0.007 | DailyAccrualFund |
Oct 29, 2021 | $0.009 | DailyAccrualFund |
Sep 30, 2021 | $0.008 | DailyAccrualFund |
Aug 31, 2021 | $0.008 | DailyAccrualFund |
Jul 30, 2021 | $0.009 | DailyAccrualFund |
Jun 30, 2021 | $0.009 | DailyAccrualFund |
May 28, 2021 | $0.009 | DailyAccrualFund |
Apr 30, 2021 | $0.010 | DailyAccrualFund |
Mar 31, 2021 | $0.010 | DailyAccrualFund |
Feb 26, 2021 | $0.009 | DailyAccrualFund |
Jan 29, 2021 | $0.014 | DailyAccrualFund |
Dec 31, 2020 | $0.011 | DailyAccrualFund |
Nov 30, 2020 | $0.010 | DailyAccrualFund |
Oct 30, 2020 | $0.010 | DailyAccrualFund |
Sep 30, 2020 | $0.009 | DailyAccrualFund |
Aug 31, 2020 | $0.008 | DailyAccrualFund |
Jul 31, 2020 | $0.009 | DailyAccrualFund |
Jun 30, 2020 | $0.009 | DailyAccrualFund |
May 29, 2020 | $0.009 | DailyAccrualFund |
Apr 30, 2020 | $0.008 | DailyAccrualFund |
Mar 31, 2020 | $0.009 | DailyAccrualFund |
Feb 28, 2020 | $0.007 | DailyAccrualFund |
Jan 31, 2020 | $0.010 | DailyAccrualFund |
Dec 31, 2019 | $0.000 | DailyAccrualFund |
Nov 29, 2019 | $0.000 | DailyAccrualFund |
Oct 31, 2019 | $0.000 | DailyAccrualFund |
Sep 30, 2019 | $0.000 | DailyAccrualFund |
Aug 30, 2019 | $0.000 | DailyAccrualFund |
Jul 31, 2019 | $0.000 | DailyAccrualFund |
Jun 28, 2019 | $0.013 | DailyAccrualFund |
May 31, 2019 | $0.015 | DailyAccrualFund |
Apr 30, 2019 | $0.014 | DailyAccrualFund |
Mar 29, 2019 | $0.015 | DailyAccrualFund |
Feb 28, 2019 | $0.011 | DailyAccrualFund |
Jan 31, 2019 | $0.007 | DailyAccrualFund |
Dec 31, 2018 | $0.016 | DailyAccrualFund |
Nov 30, 2018 | $0.017 | DailyAccrualFund |
Oct 31, 2018 | $0.017 | DailyAccrualFund |
Aug 31, 2018 | $0.018 | DailyAccrualFund |
Jul 31, 2018 | $0.016 | DailyAccrualFund |
Jun 29, 2018 | $0.017 | DailyAccrualFund |
May 31, 2018 | $0.017 | DailyAccrualFund |
Apr 30, 2018 | $0.016 | DailyAccrualFund |
Mar 29, 2018 | $0.019 | DailyAccrualFund |
Feb 28, 2018 | $0.016 | DailyAccrualFund |
Jan 31, 2018 | $0.017 | DailyAccrualFund |
Dec 29, 2017 | $0.018 | DailyAccrualFund |
Nov 30, 2017 | $0.018 | DailyAccrualFund |
Oct 31, 2017 | $0.016 | DailyAccrualFund |
Sep 29, 2017 | $0.017 | DailyAccrualFund |
Aug 31, 2017 | $0.018 | DailyAccrualFund |
Jul 31, 2017 | $0.017 | DailyAccrualFund |
Jun 30, 2017 | $0.019 | DailyAccrualFund |
May 31, 2017 | $0.018 | DailyAccrualFund |
Apr 28, 2017 | $0.016 | DailyAccrualFund |
Mar 31, 2017 | $0.020 | DailyAccrualFund |
Feb 28, 2017 | $0.016 | DailyAccrualFund |
Jan 31, 2017 | $0.017 | DailyAccrualFund |
Dec 30, 2016 | $0.019 | DailyAccrualFund |
Nov 30, 2016 | $0.016 | DailyAccrualFund |
Oct 31, 2016 | $0.016 | DailyAccrualFund |
Sep 30, 2016 | $0.017 | DailyAccrualFund |
Aug 31, 2016 | $0.017 | DailyAccrualFund |
Jul 29, 2016 | $0.018 | DailyAccrualFund |
Jun 30, 2016 | $0.018 | DailyAccrualFund |
May 31, 2016 | $0.018 | DailyAccrualFund |
Apr 29, 2016 | $0.020 | DailyAccrualFund |
Mar 31, 2016 | $0.021 | DailyAccrualFund |
Feb 29, 2016 | $0.020 | DailyAccrualFund |
Jan 29, 2016 | $0.016 | DailyAccrualFund |
Dec 31, 2015 | $0.013 | DailyAccrualFund |
Nov 30, 2015 | $0.010 | DailyAccrualFund |
Oct 30, 2015 | $0.011 | DailyAccrualFund |
Sep 30, 2015 | $0.011 | DailyAccrualFund |
Aug 31, 2015 | $0.012 | DailyAccrualFund |
Jul 31, 2015 | $0.021 | DailyAccrualFund |
Jun 30, 2015 | $0.022 | DailyAccrualFund |
May 29, 2015 | $0.023 | DailyAccrualFund |
Apr 30, 2015 | $0.023 | DailyAccrualFund |
Mar 31, 2015 | $0.024 | DailyAccrualFund |
Feb 27, 2015 | $0.023 | DailyAccrualFund |
Jan 30, 2015 | $0.026 | DailyAccrualFund |
Dec 31, 2014 | $0.029 | DailyAccrualFund |
Nov 28, 2014 | $0.026 | DailyAccrualFund |
Oct 31, 2014 | $0.026 | DailyAccrualFund |
Sep 30, 2014 | $0.021 | DailyAccrualFund |
Aug 29, 2014 | $0.022 | DailyAccrualFund |
Jul 31, 2014 | $0.021 | DailyAccrualFund |
Jun 30, 2014 | $0.019 | DailyAccrualFund |
May 30, 2014 | $0.021 | DailyAccrualFund |
Apr 30, 2014 | $0.019 | DailyAccrualFund |
Mar 31, 2014 | $0.018 | DailyAccrualFund |
Feb 28, 2014 | $0.017 | DailyAccrualFund |
Jan 31, 2014 | $0.020 | DailyAccrualFund |
Dec 31, 2013 | $0.019 | DailyAccrualFund |
Nov 29, 2013 | $0.019 | DailyAccrualFund |
Oct 31, 2013 | $0.020 | DailyAccrualFund |
Sep 30, 2013 | $0.021 | DailyAccrualFund |
Aug 30, 2013 | $0.024 | DailyAccrualFund |
Jul 31, 2013 | $0.021 | DailyAccrualFund |
Jun 28, 2013 | $0.019 | DailyAccrualFund |
May 31, 2013 | $0.022 | DailyAccrualFund |
Apr 30, 2013 | $0.020 | DailyAccrualFund |
Mar 28, 2013 | $0.021 | DailyAccrualFund |
Feb 28, 2013 | $0.019 | DailyAccrualFund |
Jan 31, 2013 | $0.020 | DailyAccrualFund |
Dec 31, 2012 | $0.019 | DailyAccrualFund |
Nov 30, 2012 | $0.019 | DailyAccrualFund |
Oct 31, 2012 | $0.018 | DailyAccrualFund |
Sep 28, 2012 | $0.016 | DailyAccrualFund |
Aug 31, 2012 | $0.021 | DailyAccrualFund |
Jul 31, 2012 | $0.019 | DailyAccrualFund |
Jun 29, 2012 | $0.020 | DailyAccrualFund |
May 31, 2012 | $0.020 | DailyAccrualFund |
Apr 30, 2012 | $0.019 | DailyAccrualFund |
Mar 30, 2012 | $0.021 | DailyAccrualFund |
Feb 29, 2012 | $0.019 | DailyAccrualFund |
Jan 31, 2012 | $0.019 | DailyAccrualFund |
Dec 30, 2011 | $0.023 | DailyAccrualFund |
Nov 30, 2011 | $0.021 | DailyAccrualFund |
Oct 31, 2011 | $0.020 | DailyAccrualFund |
Sep 30, 2011 | $0.020 | DailyAccrualFund |
Aug 31, 2011 | $0.020 | DailyAccrualFund |
Jul 29, 2011 | $0.021 | DailyAccrualFund |
Jun 30, 2011 | $0.022 | DailyAccrualFund |
May 31, 2011 | $0.023 | DailyAccrualFund |
Apr 29, 2011 | $0.024 | DailyAccrualFund |
Mar 31, 2011 | $0.025 | DailyAccrualFund |
Feb 28, 2011 | $0.023 | DailyAccrualFund |
Jan 31, 2011 | $0.024 | DailyAccrualFund |
Dec 31, 2010 | $0.027 | DailyAccrualFund |
Nov 30, 2010 | $0.025 | DailyAccrualFund |
Oct 29, 2010 | $0.022 | DailyAccrualFund |
Sep 30, 2010 | $0.022 | DailyAccrualFund |
Aug 31, 2010 | $0.021 | DailyAccrualFund |
Jul 30, 2010 | $0.023 | DailyAccrualFund |
Jun 30, 2010 | $0.022 | DailyAccrualFund |
May 28, 2010 | $0.022 | DailyAccrualFund |
Apr 30, 2010 | $0.022 | DailyAccrualFund |
Mar 31, 2010 | $0.025 | DailyAccrualFund |
Feb 26, 2010 | $0.024 | DailyAccrualFund |
Jan 29, 2010 | $0.021 | DailyAccrualFund |
Dec 31, 2009 | $0.026 | DailyAccrualFund |
Nov 30, 2009 | $0.023 | DailyAccrualFund |
Oct 30, 2009 | $0.025 | DailyAccrualFund |
Sep 30, 2009 | $0.024 | DailyAccrualFund |
Aug 31, 2009 | $0.022 | DailyAccrualFund |
Jul 31, 2009 | $0.026 | DailyAccrualFund |
Jun 30, 2009 | $0.024 | DailyAccrualFund |
May 29, 2009 | $0.024 | DailyAccrualFund |
Apr 30, 2009 | $0.024 | DailyAccrualFund |
Mar 31, 2009 | $0.023 | DailyAccrualFund |
Feb 27, 2009 | $0.024 | DailyAccrualFund |
Jan 30, 2009 | $0.024 | DailyAccrualFund |
Dec 31, 2008 | $0.025 | DailyAccrualFund |
Nov 28, 2008 | $0.023 | DailyAccrualFund |
Oct 31, 2008 | $0.024 | DailyAccrualFund |
Sep 30, 2008 | $0.022 | DailyAccrualFund |
Aug 29, 2008 | $0.024 | DailyAccrualFund |
Jul 31, 2008 | $0.024 | DailyAccrualFund |
Jun 30, 2008 | $0.023 | DailyAccrualFund |
May 30, 2008 | $0.025 | DailyAccrualFund |
Apr 30, 2008 | $0.024 | DailyAccrualFund |
Mar 31, 2008 | $0.022 | DailyAccrualFund |
Feb 29, 2008 | $0.025 | DailyAccrualFund |
Jan 31, 2008 | $0.022 | DailyAccrualFund |
Dec 31, 2007 | $0.021 | DailyAccrualFund |
Nov 30, 2007 | $0.023 | DailyAccrualFund |
Oct 31, 2007 | $0.022 | DailyAccrualFund |
Sep 28, 2007 | $0.019 | DailyAccrualFund |
Aug 31, 2007 | $0.024 | DailyAccrualFund |
Jul 31, 2007 | $0.021 | DailyAccrualFund |
Jun 29, 2007 | $0.021 | DailyAccrualFund |
May 31, 2007 | $0.022 | DailyAccrualFund |
Apr 30, 2007 | $0.020 | DailyAccrualFund |
PTBCX - Fund Manager Analysis
Managers
James Noble
Start Date
Tenure
Tenure Rank
Sep 20, 2011
10.7
10.7%
James Noble played a vital role in establishing Principal’s Tax Sensitive Strategies in 2010. His performance has been widely recognized by Morningstar and various periodicals since inheriting (Principal Tax Exempt/Principal California) and creating (Principal Municipal Opportunistic) mutual funds. Previously, James had additional portfolio management/fundamental analysis duties at Dreyfus Tax Exempt and Dreyfus Taxable Fixed Income Departments (wholly owned subsidiaries of the Bank of New York Mellon Corporation). During his career, he has focused on speculative credits/derivatives capitalizing on market dislocations for various clients (mutual funds, high net worth, retail SMA, and institutional. Past investment endeavors include managing the options desk at Dreyfus Investment Services. James received a MBA and bachelor’s degree from Hofstra University and is a level III candidate in the CFA Program. He is a member of the Municipal Analyst Group of New York and New York Society of Security Analysts.
James Welch
Start Date
Tenure
Tenure Rank
Oct 01, 2014
7.67
7.7%
James Welch - Portfolio Manager James is a portfolio manager at Principal Global Investors. He is responsible for managing tax exempt portfolios. James joined the firm in 2014. Prior to his current role, James served as a CIO-portfolio manager at Castleton Partners LLC. He received a bachelor's degree in economics from Pennsylvania State University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.36 | 1.58 |