Skip to Content
Morningstar

Putnam NY Tax Exempt Income A PTEIX

Morningstar Medalist Rating
Medalist Rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 7.43  /  0.79 %
  • Total Assets 766.9 Mil
  • Adj. Expense Ratio
    0.830%
  • Expense Ratio 0.830%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni New York Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.92%
  • Effective Duration 8.85 years

USD | NAV as of Sep 28, 2023 | 1-Day Return as of Sep 28, 2023, 10:21 PM GMT+0

Morningstar’s Analysis PTEIX

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

People Pillar

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

Putnam NY Tax Exempt Income A's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

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 second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PTEIX

More PTEIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 376
  • Other Holdings 2
  • % Assets in Top 10 Holdings 16.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW YORK LIBERTY DEV CORP LIBERTY REV 3.125%

2.41
19,150,691
municipal

Net Cash

2.18
17,321,269
Cash and Equivalents

TSASC INC N Y 5%

1.98
15,683,602
municipal

NEW YORK LIBERTY DEV CORP LIBERTY REV 5%

1.93
15,289,502
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%

1.86
14,727,279
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5%

1.60
12,655,137
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5.5%

1.40
11,135,428
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5.25%

1.36
10,809,192
municipal

METROPOLITAN TRANSN AUTH N Y REV 5%

1.31
10,399,748
municipal

NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 4%

1.29
10,196,094
municipal