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.
Putnam NJ Tax Exempt Income B PNJBX
- NAV / 1-Day Return 8.62 / +0.01 %
- Total Assets 138.3 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.460%
- Distribution Fee Level Below Average
- Share Class Type —
- Category Muni New Jersey
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Min. Initial Investment —
- Status Closed
- TTM Yield 2.45%
- Effective Duration 6.76 years
USD | NAV as of Apr 17, 2024 | 1-Day Return as of Apr 17, 2024, 10:17 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.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 22.9
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
PORT AUTH N Y & N J 6.125% | 3.66 | 5.0 Mil | municipal |
GARDEN ST N J PRESERVATION TR OPEN SPACE & FARMLAND PRESERVATION 0% | 3.57 | 4.9 Mil | municipal |
NEW JERSEY HEALTH CARE FACS FING AUTH 3.96% | 3.07 | 4.2 Mil | municipal |
HUDSON CNTY N J IMPT AUTH LEASE REV 3% | 2.45 | 3.3 Mil | municipal |
GLOUCESTER CNTY N J IMPT AUTH REV 5% | 2.33 | 3.2 Mil | municipal |
NEW JERSEY ECONOMIC DEV AUTH REV 5% | 2.29 | 3.1 Mil | municipal |
BASTROP TEX INDPT SCH DIST 5% | 2.06 | 2.8 Mil | municipal |
NEW JERSEY ST EDL FACS AUTH REV 4% | 2.00 | 2.7 Mil | municipal |
SOUTH JERSEY TRANSN AUTH N J TRANSN SYS REV 5.25% | 1.95 | 2.7 Mil | municipal |
PORT AUTH N Y & N J 5% | 1.58 | 2.2 Mil | municipal |