Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
4.3%
1 yr return
14.1%
3 Yr Avg Return
0.1%
5 Yr Avg Return
1.2%
Net Assets
$108 M
Holdings in Top 10
19.2%
Expense Ratio 0.61%
Front Load N/A
Deferred Load N/A
Turnover 12.00%
Redemption Fee N/A
Standard (Taxable)
$0
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Investments
We invest mainly in bonds that pay interest that is exempt from federal income tax and Pennsylvania personal income tax (but that may be subject to federal alternative minimum tax (AMT)), are investment-grade in quality, and have intermediate- to long-term maturities (i.e., three years or longer). Under normal circumstances, we invest at least 80% of the fund’s net assets in tax-exempt investments. Tax-exempt investments are issued by or for states, territories or possessions of the United States or by their political subdivisions, agencies, authorities or other government entities, and the income from these investments is exempt from both federal and Pennsylvania personal income tax. This investment policy cannot be changed without the approval of the fund’s shareholders. We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments.
Period | PPTRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.3% | -1.9% | 26.5% | 9.56% |
1 Yr | 14.1% | 2.3% | 37.3% | 10.35% |
3 Yr | 0.1%* | -9.9% | 3.4% | 37.81% |
5 Yr | 1.2%* | -6.7% | 1104.9% | 23.29% |
10 Yr | N/A* | -0.8% | 248.9% | 41.27% |
* Annualized
Period | PPTRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.0% | -1.4% | 41.0% | 42.25% |
2022 | -12.1% | -39.7% | 0.3% | 56.75% |
2021 | 0.1% | -5.6% | 6.9% | 24.59% |
2020 | 2.8% | -2.6% | 310.0% | 10.00% |
2019 | 4.4% | 0.0% | 26.0% | 29.26% |
Period | PPTRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.3% | -1.9% | 26.5% | 9.56% |
1 Yr | 14.1% | 2.3% | 37.3% | 10.35% |
3 Yr | 0.1%* | -9.9% | 3.4% | 37.81% |
5 Yr | 1.2%* | -6.7% | 1104.9% | 23.29% |
10 Yr | N/A* | -0.8% | 248.9% | 39.53% |
* Annualized
Period | PPTRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.5% | -1.3% | 41.0% | 29.14% |
2022 | -9.7% | -39.7% | 1.1% | 55.13% |
2021 | 2.5% | -4.8% | 23761504.0% | 26.43% |
2020 | 4.6% | -1.5% | 17057.9% | 24.93% |
2019 | 6.9% | 0.2% | 3514.6% | 38.54% |
PPTRX | Category Low | Category High | PPTRX % Rank | |
---|---|---|---|---|
Net Assets | 108 M | 3.22 M | 71.9 B | 84.61% |
Number of Holdings | 112 | 4 | 13418 | 80.11% |
Net Assets in Top 10 | 19.8 M | -317 M | 3.45 B | 87.07% |
Weighting of Top 10 | 19.25% | 1.9% | 100.1% | 42.87% |
Weighting | Return Low | Return High | PPTRX % Rank | |
---|---|---|---|---|
Bonds | 101.31% | 0.00% | 150.86% | 9.87% |
Cash | 0.58% | -50.86% | 43.45% | 67.18% |
Stocks | 0.00% | 0.00% | 99.89% | 70.38% |
Preferred Stocks | 0.00% | 0.00% | 0.08% | 65.45% |
Other | 0.00% | -3.72% | 51.88% | 55.17% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 55.39% |
Weighting | Return Low | Return High | PPTRX % Rank | |
---|---|---|---|---|
Municipal | 99.54% | 44.39% | 100.00% | 29.43% |
Cash & Equivalents | 0.58% | 0.00% | 43.45% | 34.88% |
Government | 0.17% | -2.28% | 52.02% | 4.06% |
Derivative | 0.00% | -3.72% | 51.88% | 53.38% |
Securitized | 0.00% | 0.00% | 5.93% | 56.26% |
Corporate | 0.00% | 0.00% | 9.41% | 63.25% |
Weighting | Return Low | Return High | PPTRX % Rank | |
---|---|---|---|---|
US | 101.31% | 0.00% | 142.23% | 9.81% |
Non US | 0.00% | 0.00% | 23.89% | 67.71% |
PPTRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.61% | 0.01% | 8.02% | 66.29% |
Management Fee | 0.43% | 0.00% | 1.20% | 50.03% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
PPTRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
PPTRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
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.
PPTRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 12.00% | 0.00% | 283.00% | 31.00% |
PPTRX | Category Low | Category High | PPTRX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.15% | 0.00% | 14.51% | 31.28% |
PPTRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
PPTRX | Category Low | Category High | PPTRX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.43% | -0.53% | 5.33% | 22.42% |
PPTRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.023 | OrdinaryDividend |
Aug 30, 2024 | $0.026 | OrdinaryDividend |
Jul 31, 2024 | $0.024 | OrdinaryDividend |
Apr 30, 2024 | $0.023 | OrdinaryDividend |
Mar 28, 2024 | $0.023 | OrdinaryDividend |
Feb 29, 2024 | $0.023 | OrdinaryDividend |
Jan 31, 2024 | $0.022 | OrdinaryDividend |
Dec 29, 2023 | $0.022 | OrdinaryDividend |
Nov 30, 2023 | $0.022 | OrdinaryDividend |
Oct 31, 2023 | $0.022 | OrdinaryDividend |
Sep 29, 2023 | $0.023 | OrdinaryDividend |
Aug 31, 2023 | $0.022 | OrdinaryDividend |
Jul 31, 2023 | $0.020 | OrdinaryDividend |
Jun 30, 2023 | $0.023 | OrdinaryDividend |
May 31, 2023 | $0.022 | OrdinaryDividend |
Apr 28, 2023 | $0.020 | OrdinaryDividend |
Mar 31, 2023 | $0.023 | OrdinaryDividend |
Feb 28, 2023 | $0.022 | OrdinaryDividend |
Jan 31, 2023 | $0.021 | OrdinaryDividend |
Dec 30, 2022 | $0.021 | OrdinaryDividend |
Dec 28, 2022 | $0.001 | OrdinaryDividend |
Nov 30, 2022 | $0.021 | OrdinaryDividend |
Oct 31, 2022 | $0.019 | OrdinaryDividend |
Sep 30, 2022 | $0.021 | OrdinaryDividend |
Aug 31, 2022 | $0.019 | OrdinaryDividend |
Jul 29, 2022 | $0.019 | OrdinaryDividend |
Jun 30, 2022 | $0.019 | OrdinaryDividend |
May 31, 2022 | $0.019 | OrdinaryDividend |
Apr 29, 2022 | $0.019 | OrdinaryDividend |
Mar 31, 2022 | $0.018 | OrdinaryDividend |
Feb 28, 2022 | $0.017 | OrdinaryDividend |
Jan 31, 2022 | $0.018 | OrdinaryDividend |
Dec 31, 2021 | $0.001 | OrdinaryDividend |
Nov 30, 2021 | $0.018 | OrdinaryDividend |
Oct 29, 2021 | $0.018 | OrdinaryDividend |
Sep 30, 2021 | $0.018 | OrdinaryDividend |
Aug 31, 2021 | $0.020 | OrdinaryDividend |
Jul 30, 2021 | $0.019 | OrdinaryDividend |
Jun 30, 2021 | $0.018 | OrdinaryDividend |
May 28, 2021 | $0.017 | OrdinaryDividend |
Apr 30, 2021 | $0.020 | OrdinaryDividend |
Mar 31, 2021 | $0.020 | OrdinaryDividend |
Feb 26, 2021 | $0.018 | OrdinaryDividend |
Jan 29, 2021 | $0.018 | OrdinaryDividend |
Dec 31, 2020 | $0.020 | OrdinaryDividend |
Dec 29, 2020 | $0.002 | OrdinaryDividend |
Nov 30, 2020 | $0.018 | OrdinaryDividend |
Oct 30, 2020 | $0.020 | OrdinaryDividend |
Sep 30, 2020 | $0.020 | OrdinaryDividend |
May 29, 2020 | $0.019 | OrdinaryDividend |
Apr 30, 2020 | $0.019 | OrdinaryDividend |
Feb 28, 2020 | $0.021 | OrdinaryDividend |
Jan 31, 2020 | $0.022 | OrdinaryDividend |
Dec 27, 2019 | $0.002 | Extra |
Nov 29, 2019 | $0.023 | OrdinaryDividend |
Oct 31, 2019 | $0.022 | OrdinaryDividend |
Sep 30, 2019 | $0.019 | OrdinaryDividend |
Aug 30, 2019 | $0.023 | OrdinaryDividend |
Jul 31, 2019 | $0.022 | OrdinaryDividend |
Dec 27, 2018 | $0.009 | ExtraDividend |
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.
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.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.33 | 1.58 |
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