Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.
Putnam CA Tax Exempt Income C PCTCX
- NAV / 1-Day Return 7.42 / +0.14 %
- Total Assets 779.3 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.640%
- Distribution Fee Level High
- Share Class Type Level Load
- Category Muni California Long
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment —
- Status Open
- TTM Yield 2.30%
- Effective Duration 9.20 years
USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:19 PM GMT+0
Morningstar’s Analysis PCTCX
Will PCTCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 13.3
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Net Cash | 2.16 | 17.0 Mil | Cash and Equivalents |
CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV 5% | 1.81 | 14.3 Mil | municipal |
NORTHERN CALIF ENERGY AUTH COMMODITY SUPPLY REV 4% | 1.65 | 13.0 Mil | municipal |
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4% | 1.48 | 11.7 Mil | municipal |
TOBACCO SECURITIZATION AUTH SOUTHN CALIF TOB SETTLEMENT REV 5% | 1.47 | 11.5 Mil | municipal |
UNIVERSITY CALIF REVS 5% | 1.24 | 9.7 Mil | municipal |
LOS ANGELES CALIF DEPT WTR & PWR WTRWKS REV 5% | 1.19 | 9.3 Mil | municipal |
SAN DIEGO CALIF PUB FACS FING AUTH LEASE REV 5.25% | 1.15 | 9.1 Mil | municipal |
MORENO VALLEY CALIF UNI SCH DIST 5.25% | 1.13 | 8.8 Mil | municipal |
CALIFORNIA HEALTH FACS FING AUTH REV 3% | 1.12 | 8.8 Mil | municipal |