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Morningstar

Putnam MA Tax Exempt Income C PMMCX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.02  /  −0.09 %
  • Total Assets 252.1 Mil
  • Adj. Expense Ratio
    1.570%
  • Expense Ratio 1.570%
  • Distribution Fee Level Average
  • Share Class Type Level Load
  • Category Muni Massachusetts
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.00%
  • Effective Duration 7.74 years

USD | NAV as of May 10, 2024 | 1-Day Return as of May 10, 2024, 10:12 PM GMT+0

Morningstar’s Analysis PMMCX

Will PMMCX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PMMCX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PMMCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PMMCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Putnam MA Tax Exempt Income C's Average People Pillar and Process Pillar ratings are n't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PMMCX

More PMMCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Net Cash

2.67 6.6 Mil
Cash and Equivalents

MASSACHUSETTS ST DEV FIN AGY REV 5.75%

2.41 6.0 Mil
municipal

MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV 3.45%

2.41 6.0 Mil
municipal

MASSACHUSETTS ST HSG FIN AGY 3.3%

2.14 5.3 Mil
municipal

MASSACHUSETTS ST 5%

2.06 5.1 Mil
municipal

MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5%

2.05 5.1 Mil
municipal

MASSACHUSETTS ST DEV FIN AGY REV 4%

1.80 4.5 Mil
municipal

MASSACHUSETTS DEPT TRANSN MET HWY SYS REV 5%

1.74 4.3 Mil
municipal

MASSACHUSETTS ST TRANSN FD REV 5%

1.65 4.1 Mil
municipal

NORTH READING MASS 5%

1.51 3.8 Mil
municipal