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Morningstar

Putnam NJ Tax Exempt Income B PNJBX

Morningstar Medalist Rating
Medalist Rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 8.63  /  0.24 %
  • Total Assets 132.4 Mil
  • Adj. Expense Ratio
    1.460%
  • Expense Ratio 1.460%
  • Distribution Fee Level Below Average
  • Share Class Type —
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment —
  • Status Closed
  • TTM Yield 2.35%
  • Effective Duration 7.31 years

USD | NAV as of Dec 05, 2023 | 1-Day Return as of Dec 05, 2023, 11:16 PM GMT+0

Morningstar’s Analysis PNJBX

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

People Pillar

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

Putnam NJ Tax Exempt Income B'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.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PNJBX

More PNJBX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 118
  • Other Holdings 1
  • % Assets in Top 10 Holdings 24.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PORT AUTH N Y & N J 6.125%

4.02
5,032,712
municipal

GARDEN ST N J PRESERVATION TR OPEN SPACE & FARMLAND PRESERVATION 0%

3.83
4,798,640
municipal

Net Cash

3.11
3,902,011
Cash and Equivalents

NEW JERSEY ECONOMIC DEV AUTH REV 5%

2.46
3,077,130
municipal

NEW JERSEY ST 4%

2.38
2,985,442
municipal

HUDSON CNTY N J IMPT AUTH LEASE REV 3%

2.32
2,904,917
municipal

BASTROP TEX INDPT SCH DIST 5%

2.09
2,620,381
municipal

SOUTH JERSEY TRANSN AUTH N J TRANSN SYS REV 5.25%

1.92
2,406,642
municipal

NEW JERSEY ST EDL FACS AUTH REV 4%

1.81
2,270,048
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH 3.81%

1.76
2,200,000
municipal