Putnam CA Tax Exempt Income Y
- PCIYX
- Price as of: Dec 02, 2020
-
$8.42
N/A N/A
- Primary Theme
- Municipal Bond
- Fund Company
- Putnam
- Share Class
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
Municipal Bond
- Fund Type Open End Mutual Fund
- Investment Style Muni California Long
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%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePutnam California Tax Exempt Income Fund
-
Fund Family NamePutnam
-
Inception DateJan 02, 2008
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPaul 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
- GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 2.31%
- GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.59%
- SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 0.1% 1.55%
- TOBACCO SECURITIZATION AUTH SOUTHN CALIF TOB SETTLEMENT REV 5% 1.40%
- BAY AREA TOLL AUTH CALIF TOLL BRDG REV 0.08% 1.33%
- CORONADO CALIF CMNTY DEV AGY SUCCESSOR AGY TAX ALLOCATION 5% 1.27%
- CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV 5% 1.24%
- NORTHERN CALIF ENERGY AUTH COMMODITY SUPPLY REV 4% 1.21%
- CALIFORNIA HEALTH FACS FING AUTH REV 5% 1.20%
- 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
| Date | Amount |
|---|---|
| Feb 28, 2019 | $0.020 |
| Jan 31, 2019 | $0.020 |
| Nov 30, 2018 | $0.022 |
| Oct 31, 2018 | $0.020 |
| Aug 31, 2018 | $0.022 |
| Jul 31, 2018 | $0.020 |
| Jun 29, 2018 | $0.022 |
| May 31, 2018 | $0.021 |
| Apr 30, 2018 | $0.020 |
| Mar 29, 2018 | $0.022 |
| Feb 28, 2018 | $0.022 |
| Jan 31, 2018 | $0.021 |
| Dec 29, 2017 | $0.008 |
| Nov 30, 2017 | $0.022 |
| Oct 31, 2017 | $0.021 |
| Sep 29, 2017 | $0.023 |
| Aug 31, 2017 | $0.022 |
| Jul 31, 2017 | $0.021 |
| Jun 30, 2017 | $0.024 |
| May 31, 2017 | $0.023 |
| Apr 28, 2017 | $0.022 |
| Mar 31, 2017 | $0.024 |
| Feb 28, 2017 | $0.023 |
| Jan 31, 2017 | $0.023 |
| Dec 30, 2016 | $0.008 |
| Nov 30, 2016 | $0.023 |
| Oct 31, 2016 | $0.022 |
| Sep 30, 2016 | $0.026 |
| Aug 31, 2016 | $0.024 |
| Jul 29, 2016 | $0.024 |
| Jun 30, 2016 | $0.025 |
| May 31, 2016 | $0.024 |
| Apr 29, 2016 | $0.026 |
| Mar 31, 2016 | $0.025 |
| Feb 29, 2016 | $0.027 |
| Jan 29, 2016 | $0.024 |
| Dec 31, 2015 | $0.007 |
| Nov 30, 2015 | $0.026 |
| Oct 30, 2015 | $0.025 |
| Sep 30, 2015 | $0.026 |
| Aug 31, 2015 | $0.026 |
| Jul 31, 2015 | $0.026 |
| Jun 30, 2015 | $0.028 |
| May 29, 2015 | $0.025 |
| Apr 30, 2015 | $0.026 |
| Mar 31, 2015 | $0.028 |
| Feb 27, 2015 | $0.027 |
| Jan 30, 2015 | $0.026 |
| Dec 31, 2014 | $0.004 |
| Nov 28, 2014 | $0.026 |
| Oct 31, 2014 | $0.027 |
| Sep 30, 2014 | $0.029 |
| Aug 29, 2014 | $0.026 |
| Jul 31, 2014 | $0.027 |
| Jun 30, 2014 | $0.028 |
| May 30, 2014 | $0.027 |
| Apr 30, 2014 | $0.027 |
| Mar 31, 2014 | $0.028 |
| Feb 28, 2014 | $0.028 |
| Jan 31, 2014 | $0.028 |
| Dec 31, 2013 | $0.029 |
| Nov 29, 2013 | $0.027 |
| Oct 31, 2013 | $0.028 |
| Sep 30, 2013 | $0.029 |
| Aug 30, 2013 | $0.028 |
| Jul 31, 2013 | $0.030 |
| Jun 28, 2013 | $0.027 |
| May 31, 2013 | $0.029 |
| Apr 30, 2013 | $0.031 |
| Mar 28, 2013 | $0.026 |
| Feb 28, 2013 | $0.028 |
| Jan 31, 2013 | $0.029 |
| Dec 31, 2012 | $0.029 |
| Nov 30, 2012 | $0.029 |
| Oct 31, 2012 | $0.031 |
| Sep 28, 2012 | $0.027 |
| Aug 31, 2012 | $0.030 |
| Jul 31, 2012 | $0.030 |
| Jun 29, 2012 | $0.028 |
| May 31, 2012 | $0.030 |
| Apr 30, 2012 | $0.031 |
| Mar 30, 2012 | $0.029 |
| Feb 29, 2012 | $0.030 |
| Jan 31, 2012 | $0.031 |
| Dec 30, 2011 | $0.032 |
| Nov 30, 2011 | $0.031 |
| Oct 31, 2011 | $0.029 |
| Sep 30, 2011 | $0.031 |
| Aug 31, 2011 | $0.033 |
| Jul 29, 2011 | $0.029 |
| Jun 30, 2011 | $0.031 |
| May 31, 2011 | $0.033 |
| Apr 29, 2011 | $0.030 |
| Mar 31, 2011 | $0.032 |
| Feb 28, 2011 | $0.029 |
| Jan 31, 2011 | $0.032 |
| Dec 31, 2010 | $0.032 |
| Nov 30, 2010 | $0.032 |
| Oct 29, 2010 | $0.029 |
| Sep 30, 2010 | $0.031 |
| Aug 31, 2010 | $0.033 |
| Jul 30, 2010 | $0.031 |
| Jun 30, 2010 | $0.034 |
| May 28, 2010 | $0.029 |
| Apr 30, 2010 | $0.031 |
| Mar 31, 2010 | $0.035 |
| Feb 26, 2010 | $0.030 |
| Jan 29, 2010 | $0.031 |
| Dec 31, 2009 | $0.033 |
| Nov 30, 2009 | $0.032 |
| Oct 30, 2009 | $0.031 |
| Sep 30, 2009 | $0.031 |
| Aug 31, 2009 | $0.031 |
| Jul 31, 2009 | $0.031 |
| Jun 30, 2009 | $0.032 |
| May 29, 2009 | $0.029 |
| Apr 30, 2009 | $0.030 |
| Mar 31, 2009 | $0.032 |
| Feb 27, 2009 | $0.028 |
| Jan 30, 2009 | $0.030 |
| Dec 31, 2008 | $0.033 |
| Nov 28, 2008 | $0.028 |
| Oct 31, 2008 | $0.031 |
| Sep 30, 2008 | $0.032 |
| Aug 29, 2008 | $0.028 |
| Jul 31, 2008 | $0.030 |
| Jun 30, 2008 | $0.030 |
| May 30, 2008 | $0.029 |
| Apr 30, 2008 | $0.029 |
| Mar 31, 2008 | $0.030 |
| Feb 29, 2008 | $0.029 |
| Jan 31, 2008 | $0.029 |
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 |