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Morningstar

Putnam PA Tax Exempt Income A PTEPX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.49  /  +0.01 %
  • Total Assets 104.7 Mil
  • Adj. Expense Ratio
    0.870%
  • Expense Ratio 0.870%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni Pennsylvania
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.80%
  • Effective Duration 8.41 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:17 PM GMT+0

Morningstar’s Analysis PTEPX

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

  • People Pillar

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

Strength in Putnam PA Tax Exempt Income A's People Pillar is partially offset by an Average Process Pillar rating, leading to 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

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Portfolio Holdings PTEPX

More PTEPX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Net Cash

3.09 3.3 Mil
Cash and Equivalents

PHILADELPHIA PA GAS WKS REV 5%

2.38 2.6 Mil
municipal

PENNSYLVANIA ST UNIV 5%

2.20 2.4 Mil
municipal

GEISINGER AUTH PA HEALTH SYS REV 5%

2.07 2.2 Mil
municipal

WILKES-BARRE PA AREA SCH DIST 5%

1.92 2.1 Mil
municipal

PENNSYLVANIA ECONOMIC DEV FING AUTH UPMC REV 5%

1.82 2.0 Mil
municipal

SOUTHEASTERN PA TRANSN AUTH REV 5.25%

1.78 1.9 Mil
municipal

ALLEGHENY CNTY PA HOSP DEV AUTH REV 4%

1.77 1.9 Mil
municipal

SCRANTON PA SCH DIST 4%

1.77 1.9 Mil
municipal

PHILADELPHIA PA SCH DIST 5%

1.56 1.7 Mil
municipal