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Morningstar

Putnam NJ Tax Exempt Income A PTNJX

Morningstar Medalist Rating
Medalist Rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 8.39  /  0.09 %
  • Total Assets 126.9 Mil
  • Adj. Expense Ratio
    0.820%
  • Expense Ratio 0.820%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.92%
  • Effective Duration 6.91 years

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:19 PM GMT+0

Morningstar’s Analysis PTNJX

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

People Pillar

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

Putnam NJ 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-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PTNJX

More PTNJX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 118
  • Other Holdings 1
  • % Assets in Top 10 Holdings 23.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PORT AUTH N Y & N J 6.125%

3.91
5,059,850
municipal

GARDEN ST N J PRESERVATION TR OPEN SPACE & FARMLAND PRESERVATION 0%

3.70
4,794,862
municipal

Net Cash

2.46
3,189,991
Cash and Equivalents

HUDSON CNTY N J IMPT AUTH LEASE REV 3%

2.43
3,152,760
municipal

NEW JERSEY ST 4%

2.43
3,143,053
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 5%

2.42
3,141,281
municipal

SOUTH JERSEY TRANSN AUTH N J TRANSN SYS REV 5.25%

1.99
2,580,978
municipal

NEW JERSEY ST EDL FACS AUTH REV 4%

1.94
2,515,920
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH 3.98%

1.70
2,200,000
municipal

PORT AUTH N Y & N J 5%

1.63
2,105,526
municipal