Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.
Putnam Tax Exempt Income A PTAEX
- NAV / 1-Day Return 7.83 / +0.03 %
- Total Assets 624.6 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.940%
- Distribution Fee Level High
- Share Class Type Front Load
- Category Muni National Long
- Credit Quality / Interest Rate Sensitivity Medium/Extensive
- Min. Initial Investment —
- Status Open
- TTM Yield 2.84%
- Effective Duration 8.58 years
USD | NAV as of Mar 28, 2024 | 1-Day Return as of Mar 28, 2024, 10:16 PM GMT+0
Morningstar’s Analysis PTAEX
Will PTAEX 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 11.5
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Net Cash | 2.81 | 17.6 Mil | Cash and Equivalents |
NEW YORK ST URBAN DEV CORP ST SALES TAX REV 5% | 1.79 | 11.2 Mil | municipal |
MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV 3.05% | 1.75 | 11.0 Mil | municipal |
FLORIDA INS ASSISTANCE INTERLOCAL AGY FLA INS ASSMT REV 3.98% | 1.59 | 10.0 Mil | municipal |
NORTH TEX TWY AUTH REV 6.5% | 1.59 | 9.9 Mil | municipal |
LOS ANGELES CALIF DEPT ARPTS REV 4% | 1.53 | 9.6 Mil | municipal |
WISCONSIN ST HEALTH & EDL FACS AUTH REV 4% | 1.30 | 8.1 Mil | municipal |
BLACK BELT ENERGY GAS DIST ALA GAS PREPAY REV 4% | 1.23 | 7.7 Mil | municipal |
SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% | 1.21 | 7.6 Mil | municipal |
UTAH CNTY UTAH HOSP REV 5% | 1.17 | 7.4 Mil | municipal |