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Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

Putnam California Tax Exempt Income Fund

PCIYX | Fund

$7.38

$899 M

2.99%

$0.22

0.51%

Vitals

YTD Return

3.4%

1 yr return

-7.1%

3 Yr Avg Return

-4.0%

5 Yr Avg Return

-1.9%

Net Assets

$899 M

Holdings in Top 10

15.6%

52 WEEK LOW AND HIGH

$7.4
$6.73
$7.99

Expenses

OPERATING FEES

Expense Ratio 0.51%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 29.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

Putnam California Tax Exempt Income Fund

PCIYX | Fund

$7.38

$899 M

2.99%

$0.22

0.51%

PCIYX - Profile

Distributions

  • YTD Total Return 3.4%
  • 3 Yr Annualized Total Return -4.0%
  • 5 Yr Annualized Total Return -1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.37%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Putnam California Tax Exempt Income Fund
  • Fund Family Name
    Putnam
  • Inception Date
    Jan 02, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Paul Drury

Fund Description

PCIYX - Performance

Return Ranking - Trailing

Period PCIYX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -86.8% 7.5% 10.79%
1 Yr -7.1% -20.9% 15.7% 64.66%
3 Yr -4.0%* -10.2% 52.2% 89.95%
5 Yr -1.9%* -5.1% 29.7% 92.57%
10 Yr -1.3%* -3.2% 13.6% 76.43%

* Annualized

Return Ranking - Calendar

Period PCIYX Return Category Return Low Category Return High Rank in Category (%)
2022 -12.6% -91.1% 101.7% 68.77%
2021 -1.1% -79.2% 102.5% 92.63%
2020 0.6% -66.1% 60.0% 39.66%
2019 0.9% -57.4% 7.6% 53.97%
2018 -0.7% -35.9% 3.2% 75.43%

Total Return Ranking - Trailing

Period PCIYX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -86.8% 7.5% 11.25%
1 Yr -7.1% -20.9% 15.4% 65.05%
3 Yr -4.0%* -10.2% 52.2% 90.22%
5 Yr -1.7%* -5.1% 29.7% 89.23%
10 Yr -1.2%* -3.2% 13.6% 71.54%

* Annualized

Total Return Ranking - Calendar

Period PCIYX Return Category Return Low Category Return High Rank in Category (%)
2022 -12.6% -91.1% 101.7% 68.55%
2021 -1.1% -79.2% 102.5% 92.63%
2020 0.6% -66.1% 60.0% 39.64%
2019 0.9% -57.4% 7.6% 54.97%
2018 -0.5% -35.9% 3.2% 56.32%

NAV & Total Return History

PCIYX - Holdings

Concentration Analysis

PCIYX Category Low Category High PCIYX % Rank
Net Assets 899 M 2.87 M 73.9 B 29.66%
Number of Holdings 463 1 14000 21.32%
Net Assets in Top 10 119 M -317 M 8.64 B 27.39%
Weighting of Top 10 15.61% 2.4% 100.0% 65.41%

Top 10 Holdings

  1. 5 Year Treasury Note Future Mar 22 5.86%
  2. 5 Year Treasury Note Future Mar 22 5.86%
  3. 5 Year Treasury Note Future Mar 22 5.86%
  4. 5 Year Treasury Note Future Mar 22 5.86%
  5. 5 Year Treasury Note Future Mar 22 5.86%
  6. 5 Year Treasury Note Future Mar 22 5.86%
  7. 5 Year Treasury Note Future Mar 22 5.86%
  8. 5 Year Treasury Note Future Mar 22 5.86%
  9. 5 Year Treasury Note Future Mar 22 5.86%
  10. 5 Year Treasury Note Future Mar 22 5.86%

Asset Allocation

Weighting Return Low Return High PCIYX % Rank
Bonds 		97.29% 0.00% 150.86% 74.44%
Cash 		2.71% -50.86% 100.00% 24.72%
Stocks 		0.00% -0.03% 4.63% 77.57%
Preferred Stocks 		0.00% -1.79% 0.04% 75.96%
Other 		0.00% -13.03% 30.01% 75.92%
Convertible Bonds 		0.00% 0.00% 0.93% 76.28%

Bond Sector Breakdown

Weighting Return Low Return High PCIYX % Rank
Municipal 		97.28% 0.00% 100.00% 72.88%
Cash & Equivalents 		2.65% 0.00% 100.00% 25.85%
Government 		0.08% 0.00% 52.02% 4.17%
Derivative 		0.00% 0.00% 21.68% 74.83%
Securitized 		0.00% 0.00% 5.93% 75.46%
Corporate 		0.00% 0.00% 9.99% 80.54%

Bond Geographic Breakdown

Weighting Return Low Return High PCIYX % Rank
US 		96.90% 0.00% 142.23% 56.92%
Non US 		0.39% 0.00% 62.14% 53.61%

PCIYX - Expenses

Operational Fees

PCIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.51% 0.02% 3.60% 56.18%
Management Fee 0.42% 0.00% 1.10% 47.81%
12b-1 Fee N/A 0.00% 1.00% 9.43%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

PCIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 4.90% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

PCIYX 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.

PCIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 29.00% 0.00% 283.00% 78.86%

PCIYX - Distributions

Dividend Yield Analysis

PCIYX Category Low Category High PCIYX % Rank
Dividend Yield 2.99% 0.00% 35.27% 13.09%

Dividend Distribution Analysis

PCIYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PCIYX Category Low Category High PCIYX % Rank
Net Income Ratio 2.37% -0.53% 24.00% 26.64%

Capital Gain Distribution Analysis

PCIYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

PCIYX - 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 7.22 1.58

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