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PEIBX Putnam NY Tax Exempt Income B

  • Fund
  • PEIBX
  • Price as of: Jan 18, 2019
  • $8.33
  • - $0.00
  • - 0.00%
  • Category
  • Single State Municipal Bonds

PEIBX - Profile

Vitals

  • YTD Return 0.2%
  • 3 Yr Annualized Return 1.3%
  • 5 Yr Annualized Return 2.9%
  • Net Assets $945 M
  • Holdings in Top 10 13.9%

52 WEEK LOW AND HIGH

$8.33
$8.17
$8.48

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.38%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2017-04-03

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 0.2%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return 2.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.38%
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 0.2% -100.0% 7.4% 25.44% 2
1 Yr -0.3% -13.2% 14.4% 82.24% 5
3 Yr 1.3% * -2.8% 8.2% 63.82% 4
5 Yr 2.9% * -2.7% 7.5% 56.87% 3
10 Yr 4.0% * 0.1% 10.5% 53.26% 3

* Annualized


Return Ranking - Calendar

Period PEIBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -2.6% -12.8% 11.0% 49.65% 4
2017 1.9% -10.1% 7.9% 17.73% 2
2016 -2.8% -7.9% 7.4% 39.96% 3
2015 -0.7% -9.5% 10.8% 50.31% 4
2014 5.5% -20.2% 15.6% 36.59% 3

Total Return Ranking - Trailing

Period PEIBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.2% -100.0% 2.7% 24.56% 2
1 Yr -5.2% -17.4% 14.4% 94.44% 5
3 Yr 0.3% * -3.7% 8.2% 77.95% 4
5 Yr 2.5% * -3.0% 7.5% 60.02% 4
10 Yr 4.0% * -0.1% 10.5% 48.00% 3

* Annualized


Total Return Ranking - Calendar

Period PEIBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -2.6% -12.8% 11.0% 47.27% 4
2017 1.9% -10.1% 7.6% 17.93% 2
2016 -2.8% -7.9% 8.0% 38.92% 3
2015 -0.7% -9.5% 10.8% 51.14% 4
2014 5.5% -20.2% 17.8% 40.43% 3

NAV & Total Return History

PEIBX - Holdings

Filings data as of: Sep 30, 2018

Concentration Analysis

PEIBX Category Low Category High PEIBX % Rank Quintile
Net Assets 945 M 2.11 M 18.2 B 4.84% 1
Number of Holdings 303 16 4079 4.65% 1
Net Assets in Top 10 133 M -1.03 M 2.77 B 7.75% 1
Weighting of Top 10 13.9% 2.8% 73.5% 34.21% 5

Top 10 Holdings

  1. METROPOLITAN TRANSN AUTH N Y 4% 3.03%
  2. NEW YORK N Y CITY MUN WTR FIN AUTH 5% 1.45%
  3. NEW YORK N Y CITY TRANSITIONAL FIN AUTH 4% 1.29%
  4. NEW YORK ST DORM AUTH 5.5% 1.25%
  5. NEW YORK ST DORM AUTH 5% 1.20%
  6. NEW YORK ST DORM AUTH 5% 1.20%
  7. NEW YORK ST DORM AUTH 5% 1.18%
  8. NEW YORK ST DORM AUTH 5% 1.10%
  9. NEW YORK N Y CITY MUN WTR FIN AUTH 1.59% 1.08%
  10. NEW YORK N Y CITY MUN WTR FIN AUTH 5.25% 1.08%

Asset Allocation

Weighting Category Low Category High PEIBX % Rank Quintile
Bonds
99.35% -0.91% 102.46% 7.75% 3
Cash
0.66% -2.46% 99.63% 14.63% 3
Stocks
0.00% -1.17% 1.25% 1.65% 2
Preferred Stocks
0.00% 0.00% 0.00% 0.10% 1
Other
0.00% -0.63% 33.35% 4.55% 2
Convertible Bonds
0.00% 0.00% 0.00% 0.10% 1

Bond Sector Breakdown

Weighting Category Low Category High PEIBX % Rank Quintile
Municipal
99.34% 0.00% 109.40% 8.24% 3
Cash & Equivalents
0.66% -2.46% 99.63% 14.15% 2
Derivative
0.00% -5.47% 0.00% 0.10% 1
Securitized
0.00% 0.00% 0.00% 0.10% 1
Corporate
0.00% -0.11% 10.87% 2.81% 2
Government
0.00% -13.68% 4.62% 1.26% 1

Bond Geographic Breakdown

Weighting Category Low Category High PEIBX % Rank Quintile
US
97.83% -0.91% 101.79% 12.31% 3
Non US
1.52% 0.00% 45.96% 12.21% 2

PEIBX - Expenses

Operational Fees

PEIBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.38% 0.09% 5.19% 7.66% 4
Management Fee 0.43% 0.00% 1.30% 2.23% 2
12b-1 Fee 0.85% 0.00% 1.00% 0.76% 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% 0.52% 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 24.00% 0.00% 293.00% 5.20% 4

PEIBX - Distributions

Dividend Yield Analysis

PEIBX Category Low Category High PEIBX % Rank Quintile
Dividend Yield 0.2% 0.00% 0.85% 25.44% 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 2.38% -0.21% 6.13% 16.47% 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

16.43

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

2.0

Tenure Rank

12.6%

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

39.2

Category Average

9.49

Category Mode

4.0