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Putnam CA Tax Exempt Income B PCTBX

Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 7.26  /  +0.01 %
  • Total Assets 760.4 Mil
  • Adj. Expense Ratio
    1.490%
  • Expense Ratio 1.490%
  • Distribution Fee Level Below Average
  • Share Class Type
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment
  • Status Closed
  • TTM Yield 2.46%
  • Effective Duration 9.20 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:17 PM GMT+0

Morningstar’s Analysis PCTBX

Will PCTBX outperform in future?

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

Putnam CA Tax Exempt Income B boasts strong Process and People Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

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 most expensive quintile among peers.

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Portfolio Holdings PCTBX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 13.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV 5%

1.83 14.3 Mil
municipal

NORTHERN CALIF ENERGY AUTH COMMODITY SUPPLY REV 4%

1.67 13.0 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

1.50 11.7 Mil
municipal

TOBACCO SECURITIZATION AUTH SOUTHN CALIF TOB SETTLEMENT REV 5%

1.48 11.5 Mil
municipal

UNIVERSITY CALIF REVS 5%

1.24 9.6 Mil
municipal

LOS ANGELES CALIF DEPT WTR & PWR WTRWKS REV 5%

1.18 9.2 Mil
municipal

SAN DIEGO CALIF PUB FACS FING AUTH LEASE REV 5.25%

1.16 9.0 Mil
municipal

MORENO VALLEY CALIF UNI SCH DIST 5.25%

1.13 8.8 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 3%

1.13 8.8 Mil
municipal

FRETE 2019-ML05 TR 3.35%

1.12 8.7 Mil
municipal