Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Thank you for selecting your broker
We are redirecting you to the Broker Center now
Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you
Thank you for your submission, we hope you enjoy your experience
Mutualfunds logo

PEIBX Putnam NY Tax Exempt Income B

  • Fund
  • PEIBX
  • Price as of: Dec 09, 2016
  • $8.38
  • - $0.00
  • - 0.00%
  • Category
  • Single State Municipal Bonds

PEIBX - Profile

Vitals

  • YTD Return -2.7%
  • 3 Yr Annualized Return 3.1%
  • 5 Yr Annualized Return 2.5%
  • Net Assets $1.07 B
  • Holdings in Top 10 10.8%

52 WEEK LOW AND HIGH

$8.38
$8.30
$8.87

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.38%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 15.00%

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 -2.7%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.88%
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 Thalia Meehan

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 -2.7% -22.9% 2.7% 30.75% 3
1 Yr -0.5% -2.7% 11.9% 65.85% 4
3 Yr 3.1% * -0.7% 8.2% 61.34% 4
5 Yr 2.5% * -0.1% 8.2% 67.36% 4
10 Yr 2.9% * -0.4% 5.3% 69.10% 4

* Annualized


Return Ranking - Calendar

Period PEIBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.7% -7.9% 1.8% 42.24% 4
2014 5.5% -0.2% 15.6% 41.39% 3
2013 -8.1% -20.2% 0.0% 48.55% 4
2012 3.5% -0.9% 13.5% 35.55% 3
2011 5.1% -0.8% 10.2% 54.99% 4

Total Return Ranking - Trailing

Period PEIBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.7% -22.9% 2.7% 33.50% 3
1 Yr -5.4% -6.6% 8.6% 94.72% 5
3 Yr 2.2% * -0.7% 8.2% 69.79% 4
5 Yr 2.2% * -0.3% 8.2% 68.90% 4
10 Yr 2.9% * -0.4% 5.3% 63.07% 4

* Annualized


Total Return Ranking - Calendar

Period PEIBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.7% -7.9% 4.1% 47.35% 4
2014 5.5% -0.2% 17.8% 44.81% 3
2013 -8.1% -20.2% 0.7% 50.29% 4
2012 3.5% -0.6% 13.5% 41.14% 3
2011 5.1% -0.8% 15.9% 60.85% 4

NAV & Total Return History

PEIBX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

PEIBX Category Low Category High PEIBX % Rank Quintile
Net Assets 1.07 B 2.11 M 16.6 B 4.46% 1
Number of Holdings 315 18 3582 3.59% 1
Net Assets in Top 10 122 M 2.12 M 2.29 B 7.75% 2
Weighting of Top 10 10.8% 4.1% 73.5% 33.14% 5

Top 10 Holdings

  1. New York St Dorm Auth 5.125% 1.49%
  2. Metropolitan Transn Auth 5% 1.17%
  3. New York St Dorm Auth 5.5% 1.16%
  4. New York St Dorm Auth 5.5% 1.08%
  5. New York St Dorm Auth 5% 1.02%
  6. New York N Y City Mun Wtr Fin Wtr 5.25% 1.00%
  7. New York St Environmental Facs Rev Bd 5% 0.99%
  8. New York St Dorm Auth 5% 0.97%
  9. New York N Y City Mun Wtr Fin Second 5% 0.97%
  10. New York N Y City Transitional Future 5% 0.97%

Asset Allocation

Weighting Category Low Category High PEIBX % Rank Quintile
Bonds
99.30% 0.00% 101.50% 5.91% 2
Other
0.60% -0.62% 23.51% 3.20% 1
Cash
0.09% -1.55% 99.63% 20.83% 4
Convertible Bonds
0.00% 0.00% 0.00% 0.10% 1
Preferred Stocks
0.00% 0.00% 0.00% 0.10% 1
Stocks
0.00% 0.00% 0.72% 0.97% 2

Bond Sector Breakdown

Weighting Category Low Category High PEIBX % Rank Quintile
Municipal
99.20% 0.00% 110.46% 6.59% 2
Government
0.10% -12.25% 5.03% 4.84% 1
Cash & Equivalents
0.09% -1.55% 99.63% 20.93% 4
Securitized
0.00% 0.00% 0.00% 0.10% 1
Corporate
0.00% 0.00% 5.37% 1.26% 2
Derivative
0.00% -0.13% 0.00% 0.10% 1

Bond Geographic Breakdown

Weighting Category Low Category High PEIBX % Rank Quintile
US
99.30% 0.00% 101.50% 5.91% 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 1.38% 0.12% 5.19% 7.85% 4
Management Fee 0.43% 0.00% 0.80% 2.13% 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% 0.55% 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 15.00% 0.00% 219.00% 5.39% 4

PEIBX - Distributions

Dividend Yield Analysis

PEIBX Category Low Category High PEIBX % Rank Quintile
Dividend Yield 0.2% 0.00% 0.99% 24.90% 5

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PEIBX Category Low Category High PEIBX % Rank Quintile
Net Income Ratio 2.88% 0.00% 7.39% 15.79% 3

Capital Gain Distribution Analysis

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

PEIBX - Managers

Thalia Meehan

Lead Manager

Start Date

Oct 13, 2006

Tenure

10.14

Tenure Rank

5.3%

Ms. Meehan is a Portfolio Manager within Putnam's Tax Exempt Fixed Income Group. Ms. Meehan has served on the National Federation of Municipal Analysts' Board of Governors and is a member of Putnam's Diversity Advisory Council, the Boston Municipal Analyst Forum, and the Boston Security Analysts Society, as well as the Society of Municipal Analysts. In 2002, she received the Meritorious Service Award from the National Federation of Municipal Analysts. Ms. Meehan, who joined Putnam's Tax Exempt Bond Group in 1989, is a CFA charterholder.


Paul M. Drury

Manager

Start Date

Jul 31, 2002

Tenure

14.35

Tenure Rank

3.4%

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.


Tenure Analysis

Category Low

0.0

Category High

37.2

Category Average

9.26

Category Mode

1.9