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Mutual Funds Weekly Roundup: August 2
Brian Mathews
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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.
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| Period | PCIYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.3% | -3.1% | 303.2% | 20.73% |
| 1 Yr | 0.1% | -3.1% | 300.1% | 63.02% |
| 3 Yr | 0.5%* | -0.9% | 58.8% | 57.54% |
| 5 Yr | 0.3%* | -0.9% | 31.6% | 59.74% |
| 10 Yr | 0.4%* | -0.3% | 15.0% | 64.84% |
* Annualized
| Period | PCIYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 3.7% | 2.4% | 8.8% | 71.96% |
| 2018 | -3.5% | -6.2% | 2.8% | 89.50% |
| 2017 | 2.9% | -0.2% | 6.8% | 35.15% |
| 2016 | -3.4% | -7.9% | -1.7% | 63.46% |
| 2015 | -0.6% | -1.9% | 1.8% | 83.01% |
| Period | PCIYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.3% | -3.1% | 303.2% | 20.73% |
| 1 Yr | 0.1% | -3.1% | 300.1% | 63.02% |
| 3 Yr | 0.9%* | -0.9% | 59.1% | 35.20% |
| 5 Yr | 0.6%* | -0.9% | 31.9% | 50.65% |
| 10 Yr | 0.6%* | -0.3% | 15.5% | 60.16% |
* Annualized
| Period | PCIYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 3.7% | 2.4% | 8.8% | 74.07% |
| 2018 | -2.5% | -6.2% | 2.8% | 45.30% |
| 2017 | 3.0% | -0.2% | 6.9% | 35.76% |
| 2016 | -3.3% | -7.9% | 0.8% | 62.82% |
| 2015 | -0.5% | -1.9% | 3.7% | 83.01% |
| PCIYX | Category Low | Category High | PCIYX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.16 B | 2.99 M | 17.2 B | 35.23% |
| Number of Holdings | 417 | 20 | 4740 | 31.61% |
| Net Assets in Top 10 | 180 M | -115 M | 3.01 B | 25.39% |
| Weighting of Top 10 | 15.44% | 3.5% | 68.6% | 60.10% |
| Weighting | Return Low | Return High | PCIYX % Rank | |
|---|---|---|---|---|
| Bonds | 101.44% | 88.08% | 139.13% | 3.63% |
| Stocks | 0.00% | 0.00% | 0.10% | 91.71% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 91.71% |
| Other | 0.00% | 0.00% | 3.39% | 91.71% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 91.71% |
| Cash | -1.43% | -39.12% | 11.92% | 98.96% |
| Weighting | Return Low | Return High | PCIYX % Rank | |
|---|---|---|---|---|
| Municipal | 99.98% | 49.29% | 101.06% | 13.47% |
| Cash & Equivalents | 0.01% | -0.27% | 13.85% | 90.16% |
| Government | 0.01% | -0.79% | 49.18% | 5.70% |
| Derivative | 0.00% | 0.00% | 0.00% | 91.71% |
| Securitized | 0.00% | 0.00% | 0.00% | 91.71% |
| Corporate | 0.00% | 0.00% | 2.58% | 93.26% |
| Weighting | Return Low | Return High | PCIYX % Rank | |
|---|---|---|---|---|
| US | 101.11% | 85.92% | 134.71% | 3.63% |
| Non US | 0.33% | 0.00% | 9.10% | 76.17% |
| PCIYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.51% | 0.09% | 3.74% | 85.42% |
| Management Fee | 0.43% | 0.00% | 0.65% | 37.31% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 9.43% |
| Administrative Fee | N/A | 0.01% | 0.33% | N/A |
| PCIYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 4.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
| PCIYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
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% | 2.00% | 235.00% | 82.29% |
| PCIYX | Category Low | Category High | PCIYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 0.64% | 91.71% |
| PCIYX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
| PCIYX | Category Low | Category High | PCIYX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.98% | 0.73% | 5.75% | 37.50% |
| PCIYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
| 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 |
Start Date
Tenure
Tenure Rank
Jul 31, 2002
18.1
18.1%
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.
Start Date
Tenure
Tenure Rank
Dec 31, 2016
3.67
3.7%
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.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.17 | 31.69 | 9.4 | 7.51 |
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