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Putnam MA Tax Exempt Income C PMMCX

Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.07  /  0.01 %
  • Total Assets 249.3 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 1.90%
  • Effective Duration 7.97 years

Morningstar’s Analysis PMMCX

Will PMMCX outperform in future?

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

Putnam MA Tax Exempt Income C's Average Process and People Pillar ratings are n't enough to prevent other weaknesses from sending this strategy 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 most expensive quintile among peers.

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Portfolio Holdings PMMCX

  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 167
  • Other Holdings 2
  • % Assets in Top 10 Holdings 18.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS ST DEV FIN AGY REV 5.75%

2.52
6,287,460
municipal

Net Cash

2.39
5,972,410
Cash and Equivalents

MASSACHUSETTS ST HSG FIN AGY 3.3%

2.25
5,608,655
municipal

MASSACHUSETTS ST 5%

2.11
5,268,123
municipal

MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5%

2.08
5,195,094
municipal

BRISTOL-PLYMOUTH MASS REG VOTECH SCH DIST 5%

2.01
5,005,440
Cash and Equivalents

MASSACHUSETTS ST DEV FIN AGY REV 4%

1.82
4,531,086
municipal

MASSACHUSETTS DEPT TRANSN MET HWY SYS REV 5%

1.76
4,404,932
municipal

MASSACHUSETTS ST TRANSN FD REV 5%

1.70
4,234,967
municipal

NORTH READING MASS 5%

1.51
3,757,544
municipal