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Morningstar

Putnam PA Tax Exempt Income B PPNBX

Morningstar Medalist Rating
Medalist Rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 8.31  /  0.37 %
  • Total Assets 105.8 Mil
  • Adj. Expense Ratio
    1.470%
  • Expense Ratio 1.470%
  • Distribution Fee Level Average
  • Share Class Type —
  • Category Muni Pennsylvania
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment —
  • Status Closed
  • TTM Yield 2.36%
  • Effective Duration 8.75 years

USD | NAV as of Nov 28, 2023 | 1-Day Return as of Nov 28, 2023, 11:18 PM GMT+0

Morningstar’s Analysis PPNBX

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

People Pillar

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

Putnam PA Tax Exempt Income B's Average People Pillar and Process 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 PPNBX

More PPNBX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 112
  • Other Holdings 1
  • % Assets in Top 10 Holdings 19.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Net Cash

3.16
3,209,448
Cash and Equivalents

PENNSYLVANIA ST TPK COMMN TPK REV 5%

2.42
2,458,263
municipal

PHILADELPHIA PA GAS WKS REV 5%

2.33
2,370,014
municipal

PENNSYLVANIA ST UNIV 5%

2.20
2,231,851
municipal

GEISINGER AUTH PA HEALTH SYS REV 5%

2.09
2,125,707
municipal

WILKES-BARRE PA AREA SCH DIST 5%

1.88
1,913,246
municipal

SOUTHEASTERN PA TRANSN AUTH REV 5.25%

1.76
1,791,839
municipal

PENNSYLVANIA ECONOMIC DEV FING AUTH UPMC REV 5%

1.74
1,766,009
municipal

SCRANTON PA SCH DIST 4%

1.69
1,715,404
municipal

PHILADELPHIA PA SCH DIST 5%

1.59
1,618,005
municipal