PTBCX

About PTBCX

Principal Tax-Exempt Bond Fund Class C is an open-end mutual fund specializing in fixed income, focused on delivering a high level of income that is exempt from federal income tax while preserving investor capital. The fund primarily invests at least 80% of its net assets in tax-exempt bonds, consisting mainly of securities issued by or on behalf of state or local governments and other public authorities. This approach makes the fund particularly relevant for investors seeking tax-advantaged income streams. Managed by experienced portfolio managers, the fund employs an actively managed strategy within the municipal bond market, aiming to provide stable payouts and manage interest rate risks common to fixed-income investments. With a significant asset base and a broad diversification across more than 200 holdings, the fund plays a notable role in the broader municipal bond sector, serving as a resource for those looking to offset federal tax liabilities through municipal bond exposure. Monthly dividends and a long-standing track record further underscore its consistent presence in the landscape of tax-exempt investments.