Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.
Putnam NY Tax Exempt Income C PNNCX
- NAV / 1-Day Return 8.00 / +0.02 %
- Total Assets 771.2 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.620%
- Distribution Fee Level High
- Share Class Type Level Load
- Category Muni New York Long
- Credit Quality / Interest Rate Sensitivity Medium/Extensive
- Min. Initial Investment —
- Status Open
- TTM Yield 2.35%
- Effective Duration 8.83 years
USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:17 PM GMT+0
Morningstar’s Analysis PNNCX
Will PNNCX 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 15.1
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
NEW YORK LIBERTY DEV CORP LIBERTY REV 3% | 3.13 | 24.1 Mil | municipal |
Net Cash | 2.68 | 20.6 Mil | Cash and Equivalents |
NEW YORK LIBERTY DEV CORP LIBERTY REV 5% | 2.08 | 16.0 Mil | municipal |
TSASC INC N Y 5% | 2.05 | 15.8 Mil | municipal |
NEW YORK N Y CITY TRANSITIONAL FIN AUTH BLDG AID REV 5% | 1.92 | 14.8 Mil | municipal |
NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% | 1.91 | 14.7 Mil | municipal |
NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5.5% | 1.48 | 11.4 Mil | municipal |
NEW YORK ST URBAN DEV CORP ST SALES TAX REV 5% | 1.44 | 11.1 Mil | municipal |
NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5.25% | 1.42 | 11.0 Mil | municipal |
METROPOLITAN TRANSN AUTH N Y REV 5% | 1.36 | 10.4 Mil | municipal |