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Putnam Tax Exempt Income B PTBEX

Quantitative rating as of
  • NAV / 1-Day Return 7.81  /  0.01 %
  • Total Assets 653.8 Mil
  • Adj. Expense Ratio
    1.400%
  • Expense Ratio 1.400%
  • Distribution Fee Level Low
  • Share Class Type
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 0
  • Status Closed
  • TTM Yield 2.03%
  • Effective Duration 8.95 years

Morningstar’s Analysis PTBEX

Will PTBEX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Summary

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Putnam Tax Exempt Income B's Average Process and People Pillar ratings aren't enough to prevent other weaknesses from sending this strategy to a Morningstar Quantitative Rating of Negative. 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.

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