Tax Exempt Financials
| PTEAX Fund | USD 6.74 0.01 0.15% |
Tax |
Please note that past performance is not an indicator of the future performance of Tax Exempt, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Tax Exempt Fund Summary
Tax Exempt competes with Vanguard Intermediate, Vanguard Intermediate, Tax Exempt, Tax Exempt, and Tax Exempt. The fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in tax-exempt bonds at the time of purchase. It also invests in inverse floating rate obligations , which are generally more volatile than other types of municipal obligations and may involve leverage.Specialization | Muni National Interm, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US74254V8028 |
| Business Address | Principal Financial Group |
| Mutual Fund Family | Principal Funds |
| Mutual Fund Category | Muni National Interm |
| Benchmark | NYSE Composite |
| Phone | 800 222 5852 |
| Currency | USD - US Dollar |
You should never invest in Tax Exempt Bond Fund without having analyzed available financial metrics that contribute to the net asset value (NAV) of the fund. Do not rely on someone else's analysis or guesses about the future performance of Tax Mutual Fund, because this is throwing your money away. Analyzing the key information contained in Tax Exempt's prospectus and an annual reports, can give you an edge over other investors and help to ensure that your investments perform well for you.
Tax Exempt Key Financial Ratios
Generally speaking, Tax Exempt's financial ratios allow both analysts and investors to convert raw data from Tax Exempt's financial statements into concise, actionable information that can be used to evaluate the performance of Tax Exempt over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Tax Exempt Bond reports annually and quarterly.Tax Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Tax Exempt's current stock value. Our valuation model uses many indicators to compare Tax Exempt value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Tax Exempt competition to find correlations between indicators driving Tax Exempt's intrinsic value. More Info.Tax Exempt Bond Fund is rated below average in annual yield among similar funds. It is rated top fund in year to date return among similar funds creating about 128.47 of Year To Date Return per Annual Yield. Comparative valuation analysis is a catch-all model that can be used if you cannot value Tax Exempt by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Tax Exempt's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Tax Exempt's earnings, one of the primary drivers of an investment's value.Tax Exempt Bond Systematic Risk
Tax Exempt's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Tax Exempt volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Tax Exempt Bond correlated with the market. If Beta is less than 0 Tax Exempt generally moves in the opposite direction as compared to the market. If Tax Exempt Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Tax Exempt Bond is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Tax Exempt is generally in the same direction as the market. If Beta > 1 Tax Exempt moves generally in the same direction as, but more than the movement of the benchmark.
Tax Exempt May 12, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Tax Exempt help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Tax Exempt Bond Fund. We use our internally-developed statistical techniques to arrive at the intrinsic value of Tax Exempt Bond Fund based on widely used predictive technical indicators. In general, we focus on analyzing Tax Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Tax Exempt's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.2347 | |||
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 0.7403 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.2972 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Tax Exempt Bond Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Tax Exempt Bond information on this page should be used as a complementary analysis to other Tax Exempt's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.