Putnam Massachusetts Tax Exempt Income Fund - Putnam Massachusetts TE Inc Fd USD Cls R6
Name
As of 05/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PMATX | Fund
$9.04
$254 M
3.05%
$0.28
0.54%
Vitals
YTD Return
0.3%
1 yr return
4.8%
3 Yr Avg Return
-1.0%
5 Yr Avg Return
0.8%
Net Assets
$254 M
Holdings in Top 10
22.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.54%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 11.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PMATX | Fund
$9.04
$254 M
3.05%
$0.28
0.54%
PMATX - Profile
Distributions
- YTD Total Return 0.3%
- 3 Yr Annualized Total Return -1.0%
- 5 Yr Annualized Total Return 0.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.10%
- Dividend Yield 3.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePutnam Massachusetts Tax Exempt Income Fund - Putnam Massachusetts TE Inc Fd USD Cls R6
-
Fund Family NamePutnam
-
Inception DateMay 21, 2018
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPaul Drury
Fund Description
PMATX - Performance
Return Ranking - Trailing
Period | PMATX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.3% | -3.2% | 14.5% | 43.00% |
1 Yr | 4.8% | -2.2% | 30.4% | 17.60% |
3 Yr | -1.0%* | -10.7% | 2.8% | 48.54% |
5 Yr | 0.8%* | -6.3% | 1102.0% | 47.35% |
10 Yr | N/A* | -0.6% | 248.3% | 54.86% |
* Annualized
Return Ranking - Calendar
Period | PMATX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.4% | -1.4% | 41.0% | 24.10% |
2022 | -12.1% | -39.7% | 0.3% | 56.08% |
2021 | -0.3% | -5.6% | 6.9% | 42.14% |
2020 | 2.8% | -2.6% | 310.0% | 10.48% |
2019 | 4.1% | 0.0% | 26.0% | 36.03% |
Total Return Ranking - Trailing
Period | PMATX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.3% | -3.2% | 14.5% | 43.00% |
1 Yr | 4.8% | -2.2% | 30.4% | 17.60% |
3 Yr | -1.0%* | -10.7% | 2.8% | 48.54% |
5 Yr | 0.8%* | -6.3% | 1102.0% | 47.35% |
10 Yr | N/A* | -0.6% | 248.3% | 51.26% |
* Annualized
Total Return Ranking - Calendar
Period | PMATX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.7% | -1.3% | 41.0% | 22.40% |
2022 | -9.8% | -39.7% | 1.1% | 56.68% |
2021 | 1.6% | -4.8% | 23761504.0% | 49.40% |
2020 | 3.9% | -1.5% | 17057.9% | 44.93% |
2019 | 6.9% | 0.2% | 3514.6% | 39.18% |
NAV & Total Return History
PMATX - Holdings
Concentration Analysis
PMATX | Category Low | Category High | PMATX % Rank | |
---|---|---|---|---|
Net Assets | 254 M | 3.22 M | 71.9 B | 64.47% |
Number of Holdings | 182 | 2 | 13067 | 63.52% |
Net Assets in Top 10 | 56.3 M | -317 M | 3.56 B | 61.11% |
Weighting of Top 10 | 22.15% | 2.0% | 100.2% | 31.62% |
Top 10 Holdings
- 5 Year Treasury Note Future June 21 5.62%
- 5 Year Treasury Note Future June 21 5.62%
- 5 Year Treasury Note Future June 21 5.62%
- 5 Year Treasury Note Future June 21 5.62%
- 5 Year Treasury Note Future June 21 5.62%
- 5 Year Treasury Note Future June 21 5.62%
- 5 Year Treasury Note Future June 21 5.62%
- 5 Year Treasury Note Future June 21 5.62%
- 5 Year Treasury Note Future June 21 5.62%
- 5 Year Treasury Note Future June 21 5.62%
Asset Allocation
Weighting | Return Low | Return High | PMATX % Rank | |
---|---|---|---|---|
Bonds | 98.12% | 0.00% | 150.86% | 61.00% |
Cash | 1.88% | -50.86% | 46.80% | 37.13% |
Stocks | 0.00% | 0.00% | 99.81% | 75.07% |
Preferred Stocks | 0.00% | 0.00% | 0.10% | 72.90% |
Other | 0.00% | -3.18% | 23.38% | 72.05% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 72.79% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PMATX % Rank | |
---|---|---|---|---|
Municipal | 98.05% | 44.39% | 100.00% | 55.20% |
Cash & Equivalents | 1.87% | 0.00% | 46.24% | 24.23% |
Government | 0.08% | 0.00% | 52.02% | 5.56% |
Derivative | 0.00% | -3.18% | 23.38% | 70.75% |
Securitized | 0.00% | 0.00% | 5.93% | 73.19% |
Corporate | 0.00% | 0.00% | 9.41% | 76.78% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PMATX % Rank | |
---|---|---|---|---|
US | 94.89% | 0.00% | 142.23% | 85.21% |
Non US | 3.23% | 0.00% | 23.89% | 5.54% |
PMATX - Expenses
Operational Fees
PMATX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.54% | 0.01% | 20.65% | 77.76% |
Management Fee | 0.42% | 0.00% | 1.20% | 48.31% |
12b-1 Fee | N/A | 0.00% | 1.00% | 49.57% |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
PMATX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | 72.66% |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
PMATX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
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.
PMATX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 11.00% | 0.00% | 283.00% | 27.14% |
PMATX - Distributions
Dividend Yield Analysis
PMATX | Category Low | Category High | PMATX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.05% | 0.00% | 14.51% | 41.54% |
Dividend Distribution Analysis
PMATX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
PMATX | Category Low | Category High | PMATX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.10% | -0.53% | 5.33% | 41.20% |
Capital Gain Distribution Analysis
PMATX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 30, 2024 | $0.023 | OrdinaryDividend |
Mar 28, 2024 | $0.023 | OrdinaryDividend |
Feb 29, 2024 | $0.023 | OrdinaryDividend |
Jan 31, 2024 | $0.022 | OrdinaryDividend |
Dec 29, 2023 | $0.022 | OrdinaryDividend |
Dec 27, 2023 | $0.002 | OrdinaryDividend |
Nov 30, 2023 | $0.023 | OrdinaryDividend |
Oct 31, 2023 | $0.021 | OrdinaryDividend |
Sep 29, 2023 | $0.023 | OrdinaryDividend |
Aug 31, 2023 | $0.022 | OrdinaryDividend |
Jul 31, 2023 | $0.020 | OrdinaryDividend |
Jun 30, 2023 | $0.023 | OrdinaryDividend |
May 31, 2023 | $0.021 | OrdinaryDividend |
Apr 28, 2023 | $0.020 | OrdinaryDividend |
Mar 31, 2023 | $0.022 | OrdinaryDividend |
Feb 28, 2023 | $0.022 | OrdinaryDividend |
Jan 31, 2023 | $0.021 | OrdinaryDividend |
Dec 30, 2022 | $0.021 | OrdinaryDividend |
Dec 28, 2022 | $0.001 | OrdinaryDividend |
Nov 30, 2022 | $0.020 | OrdinaryDividend |
Oct 31, 2022 | $0.019 | OrdinaryDividend |
Sep 30, 2022 | $0.021 | OrdinaryDividend |
Aug 31, 2022 | $0.018 | OrdinaryDividend |
Jul 29, 2022 | $0.019 | OrdinaryDividend |
Jun 30, 2022 | $0.020 | OrdinaryDividend |
May 31, 2022 | $0.019 | OrdinaryDividend |
Apr 29, 2022 | $0.020 | OrdinaryDividend |
Mar 31, 2022 | $0.018 | OrdinaryDividend |
Feb 28, 2022 | $0.014 | OrdinaryDividend |
Jan 31, 2022 | $0.016 | OrdinaryDividend |
Dec 31, 2021 | $0.002 | OrdinaryDividend |
Nov 30, 2021 | $0.017 | OrdinaryDividend |
Oct 29, 2021 | $0.017 | OrdinaryDividend |
Sep 30, 2021 | $0.016 | OrdinaryDividend |
Aug 31, 2021 | $0.016 | OrdinaryDividend |
Jul 30, 2021 | $0.017 | OrdinaryDividend |
Jun 30, 2021 | $0.017 | OrdinaryDividend |
May 28, 2021 | $0.016 | OrdinaryDividend |
Apr 30, 2021 | $0.018 | OrdinaryDividend |
Mar 31, 2021 | $0.018 | OrdinaryDividend |
Feb 26, 2021 | $0.017 | OrdinaryDividend |
Jan 29, 2021 | $0.016 | OrdinaryDividend |
Dec 31, 2020 | $0.003 | OrdinaryDividend |
Nov 30, 2020 | $0.017 | OrdinaryDividend |
Oct 30, 2020 | $0.020 | OrdinaryDividend |
Sep 30, 2020 | $0.018 | OrdinaryDividend |
Aug 31, 2020 | $0.016 | OrdinaryDividend |
Jun 30, 2020 | $0.019 | OrdinaryDividend |
May 29, 2020 | $0.020 | OrdinaryDividend |
Dec 27, 2019 | $0.002 | Extra |
Nov 29, 2019 | $0.022 | OrdinaryDividend |
Oct 31, 2019 | $0.022 | OrdinaryDividend |
Sep 30, 2019 | $0.021 | OrdinaryDividend |
Aug 30, 2019 | $0.023 | OrdinaryDividend |
Jul 31, 2019 | $0.023 | OrdinaryDividend |
Dec 27, 2018 | $0.008 | ExtraDividend |
PMATX - Fund Manager Analysis
Managers
Paul Drury
Start Date
Tenure
Tenure Rank
Jul 31, 2002
19.85
19.9%
Paul M. 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
Start Date
Tenure
Tenure Rank
Dec 31, 2016
5.42
5.4%
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 | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.36 | 1.58 |