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PEIBX Putnam NY Tax Exempt Income B

  • Fund
  • PEIBX
  • Price as of: Mar 28, 2017
  • $8.41
  • - $0.00
  • - 0.00%
  • Category
  • Single State Municipal Bonds

PEIBX - Profile

Vitals

  • YTD Return 0.5%
  • 3 Yr Annualized Return 2.9%
  • 5 Yr Annualized Return 2.0%
  • Net Assets $1.05 B
  • Holdings in Top 10 11.3%

52 WEEK LOW AND HIGH

$8.41
$8.30
$8.87

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.39%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 22.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Single State Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Muni New York Long

Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return 1.9%
  • 5 Yr Annualized Total Return 1.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.55%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Putnam New York Tax Exempt Income Fund
  • Fund Family Name Putnam
  • Inception Date Jan 04, 1993
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Paul M. Drury

Fund Description

Under normal circumstances, the fund invests so that at least 90% of the fund's income distributions are exempt from federal income tax and New York State and City personal income taxes, except during times of adverse market conditions, when more than 10% of the fund's income distributions could be subject to these taxes.

PEIBX - Performance

Return Ranking - Trailing

Period PEIBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.5% -22.9% 6.0% 32.71% 3
1 Yr -0.4% -2.5% 11.9% 62.72% 4
3 Yr 2.9% * -0.7% 8.2% 56.91% 3
5 Yr 2.0% * -2.1% 7.1% 67.87% 4
10 Yr 3.0% * -2.3% 5.3% 67.76% 4

* Annualized


Return Ranking - Calendar

Period PEIBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -2.8% -4.9% 0.6% 33.43% 3
2015 -0.7% -7.9% 7.9% 43.52% 4
2014 5.5% -7.6% 15.6% 41.11% 3
2013 -8.1% -20.2% 6.4% 48.78% 4
2012 3.5% -0.9% 13.5% 36.03% 3

Total Return Ranking - Trailing

Period PEIBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.5% -22.9% 6.0% 32.59% 3
1 Yr -5.3% -6.6% 9.3% 95.40% 5
3 Yr 1.9% * -0.5% 8.2% 69.11% 4
5 Yr 1.6% * -2.1% 7.1% 69.73% 4
10 Yr 3.0% * -2.3% 5.3% 61.52% 4

* Annualized


Total Return Ranking - Calendar

Period PEIBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -2.8% -4.9% 0.7% 35.73% 3
2015 -0.7% -7.9% 7.6% 48.66% 4
2014 5.5% -7.6% 17.8% 44.75% 3
2013 -8.1% -20.2% 6.4% 50.52% 4
2012 3.5% -0.6% 13.5% 41.62% 3

NAV & Total Return History

PEIBX - Holdings

Filings data as of: Dec 31, 2016

Concentration Analysis

PEIBX Category Low Category High PEIBX % Rank Quintile
Net Assets 1.05 B 2.11 M 15.6 B 4.36% 1
Number of Holdings 308 18 3567 3.68% 1
Net Assets in Top 10 119 M -6.81 M 2.32 B 7.75% 2
Weighting of Top 10 11.3% 4.0% 73.5% 33.24% 5

Top 10 Holdings

  1. New York St Dorm Auth 5.125% 1.58%
  2. Metropolitan Transn Auth 5% 1.23%
  3. New York St Dorm Auth 5.5% 1.20%
  4. New York N Y City Transitional Future 5% 1.09%
  5. New York St Dorm Auth 5% 1.06%
  6. New York N Y City Mun Wtr Fin Wtr 5.25% 1.05%
  7. New York St Dorm Auth 5.5% 1.05%
  8. New York St Environmental Facs Rev Bd 5% 1.05%
  9. New York N Y City Transitional Bldg A 5% 1.02%
  10. New York N Y City Mun Wtr Fin Second 5% 0.99%

Asset Allocation

Weighting Category Low Category High PEIBX % Rank Quintile
Bonds
99.73% 0.00% 102.71% 4.17% 2
Other
0.27% -0.52% 23.51% 4.65% 1
Stocks
0.00% 0.00% 0.75% 0.87% 2
Preferred Stocks
0.00% 0.00% 0.00% 0.10% 1
Convertible Bonds
0.00% 0.00% 0.00% 0.10% 1
Cash
0.00% -3.29% 99.63% 20.45% 4

Bond Sector Breakdown

Weighting Category Low Category High PEIBX % Rank Quintile
Municipal
99.62% 0.00% 113.10% 4.75% 2
Government
0.11% -18.28% 6.84% 6.10% 2
Derivative
0.00% -0.15% 0.00% 0.10% 1
Cash & Equivalents
0.00% -3.29% 99.63% 20.45% 4
Securitized
0.00% 0.00% 0.00% 0.10% 1
Corporate
0.00% 0.00% 5.14% 0.87% 2

Bond Geographic Breakdown

Weighting Category Low Category High PEIBX % Rank Quintile
US
99.73% 0.00% 102.71% 4.17% 2
Non US
0.00% 0.00% 0.00% 0.10% 1

PEIBX - Expenses

Operational Fees

PEIBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.39% 0.09% 5.19% 7.85% 4
Management Fee 0.43% 0.00% 0.80% 2.23% 2
12b-1 Fee 0.85% 0.00% 1.00% 0.77% 4
Administrative Fee N/A 0.00% 0.33% N/A N/A

Sales Fees

PEIBX Fees (% of AUM) Category Low Category High PEIBX Rank Quintile
Front Load N/A 1.00% 5.75% N/A N/A
Deferred Load 5.00% 0.50% 5.50% 0.53% 5

Trading Fees

PEIBX Fees (% of AUM) Category Low Category High PEIBX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PEIBX Fees (% of AUM) Category Low Category High PEIBX Rank Quintile
Turnover 22.00% 0.00% 219.00% 4.00% 5

PEIBX - Distributions

Dividend Yield Analysis

PEIBX Category Low Category High PEIBX % Rank Quintile
Dividend Yield 0.2% 0.00% 0.99% 25.00% 5

Dividend Distribution Analysis

PEIBX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PEIBX Category Low Category High PEIBX % Rank Quintile
Net Income Ratio 2.55% 0.00% 7.39% 18.60% 4

Capital Gain Distribution Analysis

PEIBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

PEIBX - Managers

Paul M. Drury

Manager

Start Date

Jul 31, 2002

Tenure

14.59

Tenure Rank

3.3%

Mr. Drury is a Portfolio Manager in the Tax Exempt Fixed Income group. In this role, he is responsible for managing several sectors within the municipal market. He is also a Portfolio Manager of Putnam’s taxexempt funds. Mr. Drury, a CFA charterholder, has been in the investment industry since he joined Putnam in 1989.


Garrett Hamilton

Manager

Start Date

Dec 31, 2016

Tenure

0.16

Tenure Rank

11.4%

Mr. Hamilton has been employed by Putnam since 2016 as a Portfolio Manager. Prior to joining Putnam, Mr. Hamilton was a Portfolio Manager at BNY Mellon from 2010 to 2016.


Tenure Analysis

Category Low

0.0

Category High

37.4

Category Average

9.26

Category Mode

2.2