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PCIYX Putnam CA Tax Exempt Income Y

  • Fund
  • PCIYX
  • Price as of: Apr 24, 2019
  • $8.08 + $0.01 + 0.12%
  • Category
  • Single State Municipal Bonds

PCIYX - Profile

Vitals

  • YTD Return 2.0%
  • 3 Yr Annualized Return -1.1%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $1.13 B
  • Holdings in Top 10 13.0%

52 WEEK LOW AND HIGH

$8.08
$7.86
$8.09

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.52%

SALES FEES

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

BROKERAGE FEES

  • Turnover 40.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Single State Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Muni California Long

Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.16%
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

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 2.0% -3.1% 5.3% 24.94%
1 Yr 1.3% -7.4% 8.9% 84.96%
3 Yr -1.1%* -2.9% 3.1% 56.34%
5 Yr 0.0%* -2.0% 1.7% 43.84%
10 Yr 1.1%* -1.2% 4.1% 16.78%

* Annualized


Return Ranking - Calendar

Period PCIYX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.5% -7.2% 11.0% 98.64%
2017 2.9% -10.1% 6.8% 7.84%
2016 -3.4% -4.9% 0.0% 81.34%
2015 -0.6% -5.6% 1.8% 68.66%
2014 6.7% -34.8% 15.6% 29.06%

Total Return Ranking - Trailing

Period PCIYX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -3.1% 5.3% 26.29%
1 Yr 2.3% -7.4% 8.9% 30.33%
3 Yr -0.7%* -2.9% 3.1% 28.48%
5 Yr 0.3%* -1.6% 4.2% 25.29%
10 Yr 1.3%* -1.2% 5.6% 16.94%

* Annualized


Total Return Ranking - Calendar

Period PCIYX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.5% -7.2% 11.0% 64.61%
2017 3.0% -10.1% 6.9% 9.33%
2016 -3.3% -4.9% 1.0% 83.71%
2015 -0.5% -5.6% 4.0% 67.16%
2014 6.7% -34.8% 16.3% 28.53%

NAV & Total Return History

PCIYX - Holdings

Concentration Analysis

PCIYX Category Low Category High PCIYX % Rank
Net Assets 1.13 B 6.31 M 19.6 B 10.69%
Number of Holdings 407 23 4231 8.35%
Net Assets in Top 10 145 M -4.71 M 2.82 B 18.18%
Weighting of Top 10 12.97% 2.5% 59.3% 92.38%

Top 10 Holdings

  1. GOLDEN ST TOB SECURITIZATION CORP CALIF 5% 1.68%

  2. CORONADO CALIF CMNTY DEV AGY SUCCESSOR AGY 5% 1.45%

  3. BAY AREA TOLL AUTH CALIF 5% 1.41%

  4. GOLDEN ST TOB SECURITIZATION CORP CALIF 5% 1.38%

  5. CALIFORNIA ST UNIV 5% 1.36%

  6. ABAG FIN AUTH FOR NONPROFIT CORPS CALIF 6.25% 1.32%

  7. SOUTHERN CALIF PUB PWR AUTH 2.25% 1.16%

  8. SAN DIEGO CALIF PUB FACS FING AUTH 5% 1.16%

  9. CALIFORNIA ST UNIV 5% 1.05%

  10. UNIVERSITY CALIF 5% 1.00%


Asset Allocation

Weighting Return Low Return High PCIYX % Rank
Bonds
98.42% -0.21% 102.82% 56.76%
Cash
1.58% -2.82% 93.39% 38.57%
Stocks
0.00% 0.00% 0.31% 89.93%
Preferred Stocks
0.00% 0.00% 0.00% 89.93%
Other
0.00% -1.19% 8.92% 88.70%
Convertible Bonds
0.00% 0.00% 0.00% 89.93%

Bond Sector Breakdown

Weighting Return Low Return High PCIYX % Rank
Municipal
98.42% 0.00% 103.07% 60.32%
Cash & Equivalents
1.58% -2.82% 93.39% 35.87%
Derivative
0.00% 0.00% 0.00% 89.93%
Securitized
0.00% 0.00% 0.00% 89.93%
Corporate
0.00% 0.00% 13.08% 90.54%
Government
0.00% -17.97% 0.27% 83.05%

Bond Geographic Breakdown

Weighting Return Low Return High PCIYX % Rank
US
97.93% -0.21% 102.38% 39.68%
Non US
0.49% 0.00% 21.15% 58.23%

PCIYX - Expenses

Operational Fees

PCIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.52% 0.09% 2.58% 94.59%
Management Fee 0.43% 0.08% 1.30% 29.73%
12b-1 Fee 0.00% 0.00% 1.00% 17.13%
Administrative Fee N/A 0.00% 0.33% N/A

Sales Fees

PCIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

PCIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Turnover 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 40.00% 3.32% 293.00% 91.17%

PCIYX - Distributions

Dividend Yield Analysis

PCIYX Category Low Category High PCIYX % Rank
Dividend Yield 0.03% 0.00% 0.33% 49.02%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PCIYX Category Low Category High PCIYX % Rank
Net Income Ratio 3.16% -0.21% 4.62% 26.41%

Capital Gain Distribution Analysis

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

PCIYX - Managers

Tenure Analysis

Category Low

0.01

Category High

39.52

Category Average

9.39

Category Mode

1.25