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Trending ETFs

Putnam Massachusetts Tax Exempt Income Fund - Putnam Massachusetts Tax Exempt Income Fund C Share

mutual fund
PMMCX
Payout Change
Suspended
Price as of:
$8.64 -0.01 -0.12%
primary theme
Municipal Bond
share class
C (PMMCX) Primary
PMMCX (Mutual Fund)

Putnam Massachusetts Tax Exempt Income Fund - Putnam Massachusetts Tax Exempt Income Fund C Share

Payout Change
Suspended
Price as of:
$8.64 -0.01 -0.12%
primary theme
Municipal Bond
share class
C (PMMCX) Primary
PMMCX (Mutual Fund)

Putnam Massachusetts Tax Exempt Income Fund - Putnam Massachusetts Tax Exempt Income Fund C Share

Payout Change
Suspended
Price as of:
$8.64 -0.01 -0.12%
primary theme
Municipal Bond
share class
C (PMMCX) Primary

Name

As of 09/22/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Putnam Massachusetts Tax Exempt Income Fund - Putnam Massachusetts Tax Exempt Income Fund C Share

PMMCX | Fund

$8.64

$254 M

1.96%

$0.17

1.55%

Vitals

YTD Return

-0.7%

1 yr return

2.0%

3 Yr Avg Return

-3.3%

5 Yr Avg Return

-0.1%

Net Assets

$254 M

Holdings in Top 10

22.2%

52 WEEK LOW AND HIGH

$8.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.55%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 11.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 09/22/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Putnam Massachusetts Tax Exempt Income Fund - Putnam Massachusetts Tax Exempt Income Fund C Share

PMMCX | Fund

$8.64

$254 M

1.96%

$0.17

1.55%

PMMCX - Profile

Distributions

  • YTD Total Return -0.7%
  • 3 Yr Annualized Total Return -3.3%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.12%
DIVIDENDS
  • Dividend Yield 2.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Putnam Massachusetts Tax Exempt Income Fund - Putnam Massachusetts Tax Exempt Income Fund C Share
  • Fund Family Name
    Putnam
  • Inception Date
    May 07, 2008
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Paul Drury

Fund Description

PMMCX - Performance

Return Ranking - Trailing

Period PMMCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -60.4% 26.2% 88.96%
1 Yr 2.0% -14.1% 8.5% 79.87%
3 Yr -3.3%* -9.3% 50.1% 91.25%
5 Yr -0.1%* -4.5% 28.8% 89.13%
10 Yr 1.1%* -1.7% 14.1% 83.79%

* Annualized

Return Ranking - Calendar

Period PMMCX Return Category Return Low Category Return High Rank in Category (%)
2022 -12.1% -76.8% 4.7% 56.55%
2021 -0.3% -69.5% 9.0% 41.25%
2020 2.7% -66.1% 310.0% 11.87%
2019 4.3% -57.4% 26.0% 32.36%
2018 -2.7% -30.0% 11.0% 75.49%

Total Return Ranking - Trailing

Period PMMCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -60.4% 26.2% 88.96%
1 Yr 2.0% -14.6% 11.3% 79.87%
3 Yr -3.3%* -5.8% 6071.3% 91.25%
5 Yr -0.1%* -1.6% 1098.8% 89.13%
10 Yr 1.1%* -0.4% 247.4% 83.79%

* Annualized

Total Return Ranking - Calendar

Period PMMCX Return Category Return Low Category Return High Rank in Category (%)
2022 -10.7% -76.8% 4.7% 71.50%
2021 0.7% -69.5% 23761504.0% 72.20%
2020 3.9% -66.1% 34671.4% 64.51%
2019 6.0% -57.4% 3514.6% 66.01%
2018 -0.6% -30.0% 15.0% 93.89%

NAV & Total Return History

PMMCX - Holdings

Concentration Analysis

PMMCX Category Low Category High PMMCX % Rank
Net Assets 254 M 423 K 437 B 63.07%
Number of Holdings 182 1 14000 63.47%
Net Assets in Top 10 56.3 M -317 M 8.64 B 58.51%
Weighting of Top 10 22.15% 2.4% 101.7% 32.91%

Top 10 Holdings

  1. 5 Year Treasury Note Future June 21 5.62%
  2. 5 Year Treasury Note Future June 21 5.62%
  3. 5 Year Treasury Note Future June 21 5.62%
  4. 5 Year Treasury Note Future June 21 5.62%
  5. 5 Year Treasury Note Future June 21 5.62%
  6. 5 Year Treasury Note Future June 21 5.62%
  7. 5 Year Treasury Note Future June 21 5.62%
  8. 5 Year Treasury Note Future June 21 5.62%
  9. 5 Year Treasury Note Future June 21 5.62%
  10. 5 Year Treasury Note Future June 21 5.62%

Asset Allocation

Weighting Return Low Return High PMMCX % Rank
Bonds 		98.12% 65.51% 150.86% 62.05%
Cash 		1.88% -50.86% 33.96% 32.77%
Stocks 		0.00% -0.03% 4.63% 64.81%
Preferred Stocks 		0.00% -0.52% 0.04% 61.33%
Other 		0.00% -13.03% 30.01% 60.26%
Convertible Bonds 		0.00% 0.00% 0.93% 61.41%

Bond Sector Breakdown

Weighting Return Low Return High PMMCX % Rank
Municipal 		98.05% 44.39% 100.00% 55.61%
Cash & Equivalents 		1.87% 0.00% 33.95% 18.46%
Government 		0.08% 0.00% 52.02% 5.30%
Derivative 		0.00% 0.00% 3.41% 59.01%
Securitized 		0.00% 0.00% 5.93% 62.17%
Corporate 		0.00% 0.00% 9.41% 67.02%

Bond Geographic Breakdown

Weighting Return Low Return High PMMCX % Rank
US 		94.89% 37.86% 142.23% 85.44%
Non US 		3.23% 0.00% 62.14% 5.71%

PMMCX - Expenses

Operational Fees

PMMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.55% 0.02% 6.50% 12.71%
Management Fee 0.42% 0.00% 1.10% 50.06%
12b-1 Fee 1.00% 0.00% 1.00% 93.03%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

PMMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 4.75% N/A
Deferred Load 1.00% 0.25% 5.00% 58.52%

Trading Fees

PMMCX 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.

PMMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 0.00% 283.00% 27.70%

PMMCX - Distributions

Dividend Yield Analysis

PMMCX Category Low Category High PMMCX % Rank
Dividend Yield 1.96% 0.00% 4.53% 77.35%

Dividend Distribution Analysis

PMMCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PMMCX Category Low Category High PMMCX % Rank
Net Income Ratio 1.12% -0.53% 5.33% 83.34%

Capital Gain Distribution Analysis

PMMCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Monthly

Distributions History

View More +

PMMCX - Fund Manager Analysis

Managers

Paul Drury

Start Date

Tenure

Tenure Rank

Jul 31, 2002

19.85

19.9%

Paul M. Drury is a Portfolio Manager in the Tax Exempt Fixed Income group. In this role, he is responsible for managing several sectors within the municipal market. He is also a Portfolio Manager of Putnam’s taxexempt funds. Mr. Drury, a CFA charterholder, has been in the investment industry since he joined Putnam in 1989.

Garrett Hamilton

Start Date

Tenure

Tenure Rank

Dec 31, 2016

5.42

5.4%

Mr. Hamilton has been employed by Putnam since 2016 as a Portfolio Manager. Prior to joining Putnam, Mr. Hamilton was a Portfolio Manager at BNY Mellon from 2010 to 2016.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.28 1.58

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