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Morningstar

Putnam MA Tax Exempt Income B PMABX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 9.06  /  0.00 %
  • Total Assets 235.0 Mil
  • Adj. Expense Ratio
    1.390%
  • Expense Ratio 1.390%
  • Distribution Fee Level Low
  • Share Class Type —
  • Category Muni Massachusetts
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 0
  • Status Closed
  • TTM Yield 1.68%
  • Effective Duration 8.24 years

USD | NAV as of Jan 25, 2023 | 1-Day Return as of Jan 25, 2023, 11:14 PM GMT+00:00

Morningstar’s Analysis PMABX

Will PMABX 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 PMABX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PMABX 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 PMABX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Putnam MA Tax Exempt Income B to a Morningstar Quantitative Rating of Negative. 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.

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