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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Putnam California Tax Exempt Income Fund

PCIYX | Fund

$8.26

$1.15 B

5.36%

$0.44

0.53%

Vitals

YTD Return

-1.1%

1 yr return

4.0%

3 Yr Avg Return

5.5%

5 Yr Avg Return

3.6%

Net Assets

$1.15 B

Holdings in Top 10

19.2%

52 WEEK LOW AND HIGH

$8.3
$8.25
$8.48

Expenses

OPERATING FEES

Expense Ratio 0.53%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 41.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Muni California Long

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Putnam California Tax Exempt Income Fund

PCIYX | Fund

$8.26

$1.15 B

5.36%

$0.44

0.53%

PCIYX - Profile

Distributions

  • YTD Total Return -1.1%
  • 3 Yr Annualized Total Return 5.5%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.60%
DIVIDENDS
  • Dividend Yield 5.4%
  • 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 -1.1% -88.5% 99.9% 50.25%
1 Yr 4.0% -20.5% 20.4% 27.74%
3 Yr 5.5%* -6.2% 10.4% 14.42%
5 Yr 3.6%* -3.5% 6.8% 11.13%
10 Yr 4.6%* -0.2% 8.7% 13.99%

* Annualized

Return Ranking - Calendar

Period PCIYX Return Category Return Low Category Return High Rank in Category (%)
2020 1.7% -91.1% 310.0% 40.08%
2019 3.7% -79.8% 15.4% 47.61%
2018 -3.5% -72.6% 97.2% 80.00%
2017 2.9% -100.0% 7.6% 15.61%
2016 -3.4% -35.9% 96.8% 74.54%

Total Return Ranking - Trailing

Period PCIYX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.1% -88.5% 99.9% 50.00%
1 Yr 4.0% -24.2% 24.2% 20.35%
3 Yr 5.5%* -7.0% 11.7% 13.34%
5 Yr 3.6%* -4.0% 6.8% 8.99%
10 Yr 4.6%* -0.6% 8.7% 12.43%

* Annualized

Total Return Ranking - Calendar

Period PCIYX Return Category Return Low Category Return High Rank in Category (%)
2020 1.7% -91.1% 310.0% 40.04%
2019 3.7% -79.8% 15.4% 48.53%
2018 -2.5% -72.6% 11.0% 52.86%
2017 3.0% -100.0% 7.6% 16.58%
2016 -3.3% -35.9% 3.0% 75.06%

NAV & Total Return History

PCIYX - Holdings

Concentration Analysis

PCIYX Category Low Category High PCIYX % Rank
Net Assets 1.15 B 878 K 87.9 B 28.21%
Number of Holdings 481 1 12437 18.93%
Net Assets in Top 10 55.2 M -308 M 3.88 B 41.05%
Weighting of Top 10 19.17% 2.3% 100.0% 57.90%

Top 10 Holdings

  1. 5 Year Treasury Note Future Dec 21 5.77%
  2. 5 Year Treasury Note Future Dec 21 5.77%
  3. 5 Year Treasury Note Future Dec 21 5.77%
  4. 5 Year Treasury Note Future Dec 21 5.77%
  5. 5 Year Treasury Note Future Dec 21 5.77%
  6. 5 Year Treasury Note Future Dec 21 5.77%
  7. 5 Year Treasury Note Future Dec 21 5.77%
  8. 5 Year Treasury Note Future Dec 21 5.77%
  9. 5 Year Treasury Note Future Dec 21 5.77%
  10. 5 Year Treasury Note Future Dec 21 5.77%

Asset Allocation

Weighting Return Low Return High PCIYX % Rank
Bonds 		92.55% 46.14% 145.79% 91.03%
Cash 		7.45% -45.79% 53.86% 8.97%
Preferred Stocks 		0.00% -3.40% 1.04% 84.72%
Other 		0.00% -9.70% 30.00% 84.92%
Convertible Bonds 		0.00% -0.02% 0.75% 85.95%
Stocks 		-0.01% -1.11% 3.02% 99.59%

Bond Sector Breakdown

Weighting Return Low Return High PCIYX % Rank
Municipal 		92.98% 46.14% 100.00% 88.24%
Cash & Equivalents 		6.95% 0.00% 53.86% 10.90%
Government 		0.07% 0.00% 50.79% 5.20%
Derivative 		0.00% 0.00% 1.12% 86.03%
Securitized 		0.00% 0.00% 8.03% 86.32%
Corporate 		0.00% 0.00% 11.97% 87.42%

Bond Geographic Breakdown

Weighting Return Low Return High PCIYX % Rank
US 		92.22% 0.00% 141.11% 83.41%
Non US 		0.33% 0.00% 100.00% 53.75%

PCIYX - Expenses

Operational Fees

PCIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.53% 0.04% 4.23% 54.74%
Management Fee 0.43% 0.00% 1.60% 47.81%
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 0.00% 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% 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 41.00% 0.00% 314.00% 83.74%

PCIYX - Distributions

Dividend Yield Analysis

PCIYX Category Low Category High PCIYX % Rank
Dividend Yield 5.36% 0.00% 35.27% 86.29%

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% -0.53% 24.00% 26.45%

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

19.18

19.2%

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

4.75

4.8%

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
0.06 36.52 7.19 0.91

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