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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 9.09  /  +0.13 %
  • Total Assets 254.2 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 Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:17 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.

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit Putnam MA Tax Exempt Income C 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
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Portfolio Holdings PMMCX

More PMMCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS ST DEV FIN AGY REV 5.75%

2.42 6.1 Mil
municipal

MASSACHUSETTS ST HSG FIN AGY 3.3%

2.32 5.8 Mil
municipal

MASSACHUSETTS ST 5%

2.14 5.4 Mil
municipal

MASSACHUSETTS ST 5%

2.05 5.2 Mil
municipal

MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5%

1.82 4.6 Mil
municipal

MASSACHUSETTS ST DEV FIN AGY REV 4%

1.79 4.5 Mil
municipal

MASSACHUSETTS DEPT TRANSN MET HWY SYS REV 5%

1.72 4.3 Mil
municipal

MASSACHUSETTS ST TRANSN FD REV 5%

1.65 4.1 Mil
municipal

NORTH READING MASS 5%

1.49 3.8 Mil
municipal

Net Cash

1.49 3.8 Mil
Cash and Equivalents