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Morningstar

Putnam NJ Tax Exempt Income B PNJBX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.62  /  +0.01 %
  • Total Assets 138.3 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/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.

  • 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 boasts strong Process and People Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at 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 —
  • 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