PCIYX: Putnam California Tax Exempt Income Fund - MutualFunds.com

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Putnam CA Tax Exempt Income Y

PCIYX - Snapshot

Vitals

  • YTD Return 2.7%
  • 3 Yr Annualized Return 4.9%
  • 5 Yr Annualized Return 4.2%
  • Net Assets $1.19 B
  • Holdings in Top 10 13.8%

52 WEEK LOW AND HIGH

$8.42
$7.43
$8.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.53%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 41.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni California Long

Compare PCIYX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.81

+0.07%

$78.56 B

-

$0.00

2.35%

-

$11.25

+0.09%

$32.48 B

-

$0.00

1.53%

-

$13.58

+0.07%

$24.49 B

-

$0.00

1.88%

-

$15.94

0.00%

$20.00 B

-

$0.00

0.57%

-

$116.54

0.00%

$19.50 B

-

-

2.45%

-

PCIYX - Profile

Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return 4.9%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.60%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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

The fund invests mainly in bonds that pay interest that is exempt from federal income tax and California personal income tax (but that may be subject to federal alternative minimum tax), are investment-grade in quality, and have intermediate- to long-term maturities (i.e., three years or longer). The adviser may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments.


PCIYX - Performance

Return Ranking - Trailing

Period PCIYX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -3.8% 307.4% 8.49%
1 Yr 5.2% -5.4% 5.8% 8.51%
3 Yr 4.9%* -0.6% 8.2% 10.18%
5 Yr 4.2%* -0.3% 6.9% 12.55%
10 Yr 5.0%* -0.1% 8.1% 12.69%

* Annualized

Return Ranking - Calendar

Period PCIYX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% -0.3% 15.4% 54.14%
2018 -3.5% -10.3% 97.2% 92.67%
2017 2.9% -100.0% 7.6% 13.90%
2016 -3.4% -7.9% 96.8% 77.29%
2015 -0.6% -4.8% 3.0% 72.41%

Total Return Ranking - Trailing

Period PCIYX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -3.8% 307.4% 8.55%
1 Yr 5.2% -8.3% 5.8% 6.91%
3 Yr 4.9%* -2.5% 8.2% 9.18%
5 Yr 4.2%* -1.5% 6.9% 11.30%
10 Yr 5.0%* -0.4% 8.1% 11.85%

* Annualized

Total Return Ranking - Calendar

Period PCIYX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% -0.3% 15.4% 55.44%
2018 -2.5% -10.3% 11.0% 66.50%
2017 3.0% -100.0% 7.6% 15.90%
2016 -3.3% -7.9% 3.0% 78.80%
2015 -0.5% -4.8% 4.0% 71.52%

NAV & Total Return History


PCIYX - Holdings

Concentration Analysis

PCIYX Category Low Category High PCIYX % Rank
Net Assets 1.19 B 611 K 78.6 B 25.72%
Number of Holdings 468 1 10805 23.28%
Net Assets in Top 10 165 M -199 M 3.97 B 27.68%
Weighting of Top 10 13.82% 2.5% 100.0% 68.86%

Top 10 Holdings

  1. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 2.31%
  2. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.59%
  3. SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 0.1% 1.55%
  4. TOBACCO SECURITIZATION AUTH SOUTHN CALIF TOB SETTLEMENT REV 5% 1.40%
  5. BAY AREA TOLL AUTH CALIF TOLL BRDG REV 0.08% 1.33%
  6. CORONADO CALIF CMNTY DEV AGY SUCCESSOR AGY TAX ALLOCATION 5% 1.27%
  7. CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV 5% 1.24%
  8. NORTHERN CALIF ENERGY AUTH COMMODITY SUPPLY REV 4% 1.21%
  9. CALIFORNIA HEALTH FACS FING AUTH REV 5% 1.20%
  10. CALIFORNIA ST 0.01% 1.14%

Asset Allocation

Weighting Return Low Return High PCIYX % Rank
Bonds
99.23% 0.00% 147.66% 43.89%
Cash
0.77% -47.66% 100.00% 53.55%
Stocks
0.00% 0.00% 1.80% 84.90%
Preferred Stocks
0.00% -0.98% 1.07% 83.88%
Other
0.00% -1.46% 12.83% 84.05%
Convertible Bonds
0.00% 0.00% 1.64% 84.27%

Bond Sector Breakdown

Weighting Return Low Return High PCIYX % Rank
Municipal
99.23% 0.00% 100.00% 44.36%
Cash & Equivalents
0.77% 0.00% 100.00% 55.41%
Derivative
0.00% 0.00% 2.16% 84.05%
Securitized
0.00% 0.00% 6.06% 84.22%
Corporate
0.00% 0.00% 12.97% 85.96%
Government
0.00% 0.00% 49.72% 84.61%

Bond Geographic Breakdown

Weighting Return Low Return High PCIYX % Rank
US
98.91% 0.00% 141.34% 26.27%
Non US
0.32% 0.00% 27.82% 64.09%

PCIYX - Expenses

Operational Fees

PCIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.53% 0.01% 4.23% 82.02%
Management Fee 0.43% 0.00% 1.10% 46.14%
12b-1 Fee N/A 0.00% 1.00% 9.43%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

PCIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% 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% 2.00% 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 41.00% 0.00% 233.00% 80.64%

PCIYX - Distributions

Dividend Yield Analysis

PCIYX Category Low Category High PCIYX % Rank
Dividend Yield 0.00% 0.00% 3.55% 85.14%

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 2.60% 0.00% 6.48% 41.44%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

PCIYX - Fund Manager Analysis

Managers

Paul Drury


Start Date

Tenure

Tenure Rank

Jul 31, 2002

18.27

18.3%

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

3.84

3.8%

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
0.02 35.61 7.61 2.84
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