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Morningstar

Putnam MA Tax Exempt Income Y PMAYX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.97  /  +0.03 %
  • Total Assets 250.4 Mil
  • Adj. Expense Ratio
    0.570%
  • Expense Ratio 0.570%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Muni Massachusetts
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.91%
  • Effective Duration 7.97 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 10:18 PM GMT+0

Morningstar’s Analysis PMAYX

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

  • People Pillar

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

Strength in Putnam MA Tax Exempt Income Y's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PMAYX

More PMAYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS ST DEV FIN AGY REV 5.75%

2.44 6.2 Mil
municipal

MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV 3.55%

2.36 6.0 Mil
municipal

MASSACHUSETTS ST HSG FIN AGY 3.3%

2.18 5.5 Mil
municipal

MASSACHUSETTS ST 5%

2.04 5.2 Mil
municipal

MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5%

2.03 5.2 Mil
municipal

MASSACHUSETTS ST DEV FIN AGY REV 4%

1.79 4.6 Mil
municipal

Net Cash

1.78 4.5 Mil
Cash and Equivalents

MASSACHUSETTS DEPT TRANSN MET HWY SYS REV 5%

1.73 4.4 Mil
municipal

MASSACHUSETTS ST TRANSN FD REV 5%

1.64 4.2 Mil
municipal

NORTH READING MASS 5%

1.48 3.8 Mil
municipal