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Morningstar

Putnam MN Tax Exempt Income Y PMNYX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.71  /  +0.01 %
  • Total Assets 184.8 Mil
  • Adj. Expense Ratio
    0.650%
  • Expense Ratio 0.650%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni Minnesota
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.80%
  • Effective Duration 7.11 years

USD | NAV as of Apr 15, 2024 | 1-Day Return as of Apr 15, 2024, 11:32 PM GMT+0

Morningstar’s Analysis PMNYX

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

  • People Pillar

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

Strength in Putnam MN 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 strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PMNYX

More PMNYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MINNESOTA ST HIGHER ED FACS AUTH REV 4%

2.71 5.0 Mil
municipal

MINNEAPOLIS MINN HEALTH CARE SYS REV 4%

2.42 4.5 Mil
municipal

MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV 4%

2.17 4.0 Mil
municipal

MINNESOTA ST CTFS PARTN 5%

2.15 4.0 Mil
municipal

MINNEAPOLIS MINN MULTIFAMILY REV 2.35%

1.98 3.7 Mil
municipal

WESTERN MINN MUN PWR AGY MINN PWR SUPPLY REV 5%

1.95 3.6 Mil
municipal

MINNESOTA ST CTFS PARTN 5%

1.83 3.4 Mil
municipal

ANOKA-HENNEPIN MINN INDPT SCH DIST NO 11 3%

1.83 3.4 Mil
municipal

HENNEPIN CNTY MINN 5%

1.80 3.3 Mil
municipal

HENNEPIN CNTY MINN REGL RR AUTH 5%

1.76 3.3 Mil
municipal