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Putnam Pennsylvania Tax Exempt Income Fund - Putnam Pennsylvania Tax Exempt Income Fund Class R6

mutual fund
PPTRX
Payout Change
Pending
Price as of:
$8.18 -0.01 -0.12%
primary theme
Municipal Bond
share class
Retirement (PPTRX) Primary
PPTRX (Mutual Fund)

Putnam Pennsylvania Tax Exempt Income Fund - Putnam Pennsylvania Tax Exempt Income Fund Class R6

Payout Change
Pending
Price as of:
$8.18 -0.01 -0.12%
primary theme
Municipal Bond
share class
Retirement (PPTRX) Primary
PPTRX (Mutual Fund)

Putnam Pennsylvania Tax Exempt Income Fund - Putnam Pennsylvania Tax Exempt Income Fund Class R6

Payout Change
Pending
Price as of:
$8.18 -0.01 -0.12%
primary theme
Municipal Bond
share class
Retirement (PPTRX) 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 Pennsylvania Tax Exempt Income Fund - Putnam Pennsylvania Tax Exempt Income Fund Class R6

PPTRX | Fund

$8.18

$130 M

3.19%

$0.26

0.57%

Vitals

YTD Return

-0.5%

1 yr return

2.3%

3 Yr Avg Return

-2.2%

5 Yr Avg Return

1.1%

Net Assets

$130 M

Holdings in Top 10

18.1%

52 WEEK LOW AND HIGH

$8.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.57%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 12.00%

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 Pennsylvania Tax Exempt Income Fund - Putnam Pennsylvania Tax Exempt Income Fund Class R6

PPTRX | Fund

$8.18

$130 M

3.19%

$0.26

0.57%

PPTRX - Profile

Distributions

  • YTD Total Return -0.5%
  • 3 Yr Annualized Total Return -2.2%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.43%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Putnam Pennsylvania Tax Exempt Income Fund - Putnam Pennsylvania Tax Exempt Income Fund Class R6
  • Fund Family Name
    Putnam
  • Inception Date
    May 21, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Paul Drury

Fund Description

PPTRX - Performance

Return Ranking - Trailing

Period PPTRX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -60.4% 26.2% 85.36%
1 Yr 2.3% -14.1% 8.5% 73.63%
3 Yr -2.2%* -9.3% 50.1% 64.43%
5 Yr 1.1%* -4.5% 28.8% 28.79%
10 Yr N/A* -1.7% 14.1% 41.27%

* Annualized

Return Ranking - Calendar

Period PPTRX Return Category Return Low Category Return High Rank in Category (%)
2022 -12.1% -76.8% 4.7% 57.64%
2021 0.1% -69.5% 9.0% 23.49%
2020 2.8% -66.1% 310.0% 9.63%
2019 4.4% -57.4% 26.0% 28.57%
2018 N/A -30.0% 11.0% N/A

Total Return Ranking - Trailing

Period PPTRX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -60.4% 26.2% 85.36%
1 Yr 2.3% -14.6% 11.3% 73.63%
3 Yr -2.2%* -5.8% 6071.3% 64.43%
5 Yr 1.1%* -1.6% 1098.8% 28.79%
10 Yr N/A* -0.4% 247.4% 39.53%

* Annualized

Total Return Ranking - Calendar

Period PPTRX Return Category Return Low Category Return High Rank in Category (%)
2022 -9.7% -76.8% 4.7% 56.29%
2021 2.5% -69.5% 23761504.0% 25.80%
2020 5.7% -66.1% 34671.4% 14.18%
2019 7.9% -57.4% 3514.6% 21.80%
2018 N/A -30.0% 15.0% N/A

NAV & Total Return History

PPTRX - Holdings

Concentration Analysis

PPTRX Category Low Category High PPTRX % Rank
Net Assets 130 M 423 K 437 B 80.09%
Number of Holdings 144 1 14000 72.07%
Net Assets in Top 10 23.6 M -317 M 8.64 B 82.05%
Weighting of Top 10 18.08% 2.4% 101.7% 49.75%

Top 10 Holdings

  1. 5 Year Treasury Note Future Mar 22 5.66%
  2. 5 Year Treasury Note Future Mar 22 5.66%
  3. 5 Year Treasury Note Future Mar 22 5.66%
  4. 5 Year Treasury Note Future Mar 22 5.66%
  5. 5 Year Treasury Note Future Mar 22 5.66%
  6. 5 Year Treasury Note Future Mar 22 5.66%
  7. 5 Year Treasury Note Future Mar 22 5.66%
  8. 5 Year Treasury Note Future Mar 22 5.66%
  9. 5 Year Treasury Note Future Mar 22 5.66%
  10. 5 Year Treasury Note Future Mar 22 5.66%

Asset Allocation

Weighting Return Low Return High PPTRX % Rank
Bonds 		103.50% 65.51% 150.86% 3.26%
Stocks 		0.00% -0.03% 4.63% 63.05%
Preferred Stocks 		0.00% -0.52% 0.04% 59.51%
Other 		0.00% -13.03% 30.01% 58.95%
Convertible Bonds 		0.00% 0.00% 0.93% 59.58%
Cash 		-3.49% -50.86% 33.96% 99.12%

Bond Sector Breakdown

Weighting Return Low Return High PPTRX % Rank
Municipal 		99.54% 44.39% 100.00% 29.45%
Cash & Equivalents 		0.30% 0.00% 33.95% 46.01%
Government 		0.17% 0.00% 52.02% 4.16%
Derivative 		0.00% 0.00% 3.41% 57.56%
Securitized 		0.00% 0.00% 5.93% 60.34%
Corporate 		0.00% 0.00% 9.41% 65.32%

Bond Geographic Breakdown

Weighting Return Low Return High PPTRX % Rank
US 		101.70% 37.86% 142.23% 4.83%
Non US 		1.80% 0.00% 62.14% 7.09%

PPTRX - Expenses

Operational Fees

PPTRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.57% 0.02% 6.50% 71.49%
Management Fee 0.42% 0.00% 1.10% 49.56%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

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

Trading Fees

PPTRX 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.

PPTRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.00% 0.00% 283.00% 31.74%

PPTRX - Distributions

Dividend Yield Analysis

PPTRX Category Low Category High PPTRX % Rank
Dividend Yield 3.19% 0.00% 4.53% 23.71%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PPTRX Category Low Category High PPTRX % Rank
Net Income Ratio 2.43% -0.53% 5.33% 22.19%

Capital Gain Distribution Analysis

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

Distributions History

View More +

PPTRX - 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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