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Morningstar

Putnam Tax Exempt Income C PTECX

Morningstar Medalist Rating
Medalist Rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 7.69  /  0.01 %
  • Total Assets 648.8 Mil
  • Adj. Expense Ratio
    1.550%
  • Expense Ratio 1.580%
  • Distribution Fee Level Above Average
  • Share Class Type Level Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 2.21%
  • Effective Duration 9.30 years

USD | NAV as of Jun 06, 2023 | 1-Day Return as of Jun 06, 2023, 10:24 PM GMT+0

Morningstar’s Analysis PTECX

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

People Pillar

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

Putnam Tax Exempt Income C's Average Process and People Pillar ratings aren't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist 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 highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PTECX

More PTECX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 351
  • Other Holdings 4
  • % Assets in Top 10 Holdings 8.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Net Cash

4.39
29,024,798
Cash and Equivalents

MASSACHUSETTS ST PORT AUTH REV 5%

1.58
10,467,893
municipal

NORTH TEX TWY AUTH REV 6.5%

1.55
10,235,106
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%

1.48
9,766,211
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%

1.47
9,747,207
municipal

HENRICO CNTY VA INDL DEV AUTH REV 5.929%

1.29
8,551,090
municipal

MASSACHUSETTS ST 5%

1.25
8,289,376
municipal

GREAT LAKES WTR AUTH MICH SEW DISP SYS REV 5%

1.24
8,176,926
municipal

WISCONSIN ST HEALTH & EDL FACS AUTH REV 4%

1.20
7,920,300
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 5.25%

1.18
7,807,516
municipal