Putnam California Tax Exempt Income Trust - Putnam California Tax Exempt Income Fund Class R6 Shares
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PCLGX | Fund
$7.39
$899 M
3.36%
$0.25
0.52%
Vitals
YTD Return
0.4%
1 yr return
5.1%
3 Yr Avg Return
-0.4%
5 Yr Avg Return
1.9%
Net Assets
$899 M
Holdings in Top 10
15.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.52%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 29.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PCLGX | Fund
$7.39
$899 M
3.36%
$0.25
0.52%
PCLGX - Profile
Distributions
- YTD Total Return 0.4%
- 3 Yr Annualized Total Return -0.4%
- 5 Yr Annualized Total Return 1.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.34%
- Dividend Yield 3.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePutnam California Tax Exempt Income Trust - Putnam California Tax Exempt Income Fund Class R6 Shares
-
Fund Family NamePutnam
-
Inception DateMay 21, 2018
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPaul Drury
Fund Description
PCLGX - Performance
Return Ranking - Trailing
Period | PCLGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.4% | -2.7% | 12.2% | 19.70% |
1 Yr | 5.1% | -3.0% | 38.5% | 7.11% |
3 Yr | -0.4%* | -10.3% | 3.3% | 33.97% |
5 Yr | 1.9%* | -5.7% | 1102.9% | 7.13% |
10 Yr | N/A* | -0.2% | 248.3% | 22.41% |
* Annualized
Return Ranking - Calendar
Period | PCLGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.9% | -1.4% | 41.0% | 13.15% |
2022 | -12.6% | -39.7% | 0.3% | 64.32% |
2021 | -2.2% | -5.6% | 6.9% | 98.41% |
2020 | 1.6% | -2.6% | 310.0% | 56.19% |
2019 | 3.8% | 0.0% | 26.0% | 48.40% |
Total Return Ranking - Trailing
Period | PCLGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.4% | -2.7% | 12.2% | 19.70% |
1 Yr | 5.1% | -3.0% | 38.5% | 7.11% |
3 Yr | -0.4%* | -10.3% | 3.3% | 33.97% |
5 Yr | 1.9%* | -5.7% | 1102.9% | 7.13% |
10 Yr | N/A* | -0.2% | 248.3% | 22.65% |
* Annualized
Total Return Ranking - Calendar
Period | PCLGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.7% | -1.3% | 41.0% | 7.84% |
2022 | -9.9% | -39.7% | 1.1% | 58.87% |
2021 | 3.6% | -4.8% | 23761504.0% | 9.85% |
2020 | 5.9% | -1.5% | 17057.9% | 6.90% |
2019 | 8.1% | 0.2% | 3514.6% | 13.59% |
NAV & Total Return History
PCLGX - Holdings
Concentration Analysis
PCLGX | Category Low | Category High | PCLGX % Rank | |
---|---|---|---|---|
Net Assets | 899 M | 3.48 M | 68.1 B | 30.56% |
Number of Holdings | 463 | 2 | 12848 | 27.06% |
Net Assets in Top 10 | 119 M | -317 M | 3.4 B | 36.47% |
Weighting of Top 10 | 15.61% | 1.9% | 100.4% | 59.45% |
Top 10 Holdings
- 5 Year Treasury Note Future Mar 22 5.86%
- 5 Year Treasury Note Future Mar 22 5.86%
- 5 Year Treasury Note Future Mar 22 5.86%
- 5 Year Treasury Note Future Mar 22 5.86%
- 5 Year Treasury Note Future Mar 22 5.86%
- 5 Year Treasury Note Future Mar 22 5.86%
- 5 Year Treasury Note Future Mar 22 5.86%
- 5 Year Treasury Note Future Mar 22 5.86%
- 5 Year Treasury Note Future Mar 22 5.86%
- 5 Year Treasury Note Future Mar 22 5.86%
Asset Allocation
Weighting | Return Low | Return High | PCLGX % Rank | |
---|---|---|---|---|
Bonds | 97.29% | 0.00% | 150.86% | 74.57% |
Cash | 2.71% | -50.86% | 50.09% | 21.97% |
Stocks | 0.00% | 0.00% | 99.80% | 67.10% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 86.08% |
Other | 0.00% | -8.54% | 33.35% | 81.19% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 86.09% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PCLGX % Rank | |
---|---|---|---|---|
Municipal | 97.28% | 44.39% | 100.00% | 63.84% |
Cash & Equivalents | 2.65% | 0.00% | 48.02% | 14.50% |
Government | 0.08% | 0.00% | 52.02% | 5.69% |
Derivative | 0.00% | -8.54% | 23.38% | 79.90% |
Securitized | 0.00% | 0.00% | 5.93% | 86.16% |
Corporate | 0.00% | 0.00% | 9.41% | 87.45% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PCLGX % Rank | |
---|---|---|---|---|
US | 96.90% | 0.00% | 142.23% | 73.45% |
Non US | 0.39% | 0.00% | 23.89% | 8.83% |
PCLGX - Expenses
Operational Fees
PCLGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.52% | 0.01% | 20.65% | 80.19% |
Management Fee | 0.42% | 0.00% | 1.20% | 47.84% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
PCLGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
PCLGX 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.
PCLGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 29.00% | 0.00% | 283.00% | 78.28% |
PCLGX - Distributions
Dividend Yield Analysis
PCLGX | Category Low | Category High | PCLGX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.36% | 0.00% | 14.36% | 22.15% |
Dividend Distribution Analysis
PCLGX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
PCLGX | Category Low | Category High | PCLGX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.34% | -0.53% | 5.33% | 28.18% |
Capital Gain Distribution Analysis
PCLGX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Feb 29, 2024 | $0.021 | DailyAccrualFund |
Jan 31, 2024 | $0.020 | DailyAccrualFund |
Dec 29, 2023 | $0.020 | DailyAccrualFund |
Nov 30, 2023 | $0.020 | DailyAccrualFund |
Oct 31, 2023 | $0.019 | DailyAccrualFund |
Sep 29, 2023 | $0.021 | DailyAccrualFund |
Aug 31, 2023 | $0.020 | DailyAccrualFund |
Jul 31, 2023 | $0.018 | DailyAccrualFund |
Jun 30, 2023 | $0.021 | DailyAccrualFund |
May 31, 2023 | $0.019 | DailyAccrualFund |
Apr 28, 2023 | $0.018 | DailyAccrualFund |
Mar 31, 2023 | $0.020 | DailyAccrualFund |
Feb 28, 2023 | $0.019 | DailyAccrualFund |
Jan 31, 2023 | $0.019 | DailyAccrualFund |
Dec 30, 2022 | $0.018 | DailyAccrualFund |
Nov 30, 2022 | $0.018 | DailyAccrualFund |
Oct 31, 2022 | $0.017 | DailyAccrualFund |
Sep 30, 2022 | $0.019 | DailyAccrualFund |
Aug 31, 2022 | $0.017 | DailyAccrualFund |
Jul 29, 2022 | $0.017 | DailyAccrualFund |
Jun 30, 2022 | $0.018 | DailyAccrualFund |
May 31, 2022 | $0.017 | DailyAccrualFund |
Apr 29, 2022 | $0.018 | DailyAccrualFund |
Mar 31, 2022 | $0.016 | DailyAccrualFund |
Feb 28, 2022 | $0.014 | DailyAccrualFund |
Jan 31, 2022 | $0.016 | DailyAccrualFund |
Nov 30, 2021 | $0.016 | DailyAccrualFund |
Oct 29, 2021 | $0.016 | DailyAccrualFund |
Sep 30, 2021 | $0.016 | DailyAccrualFund |
Aug 31, 2021 | $0.015 | DailyAccrualFund |
Jul 30, 2021 | $0.016 | DailyAccrualFund |
Jun 30, 2021 | $0.016 | DailyAccrualFund |
May 28, 2021 | $0.015 | DailyAccrualFund |
Apr 30, 2021 | $0.017 | DailyAccrualFund |
Mar 31, 2021 | $0.017 | DailyAccrualFund |
Feb 26, 2021 | $0.016 | DailyAccrualFund |
Jan 29, 2021 | $0.016 | DailyAccrualFund |
Nov 30, 2020 | $0.017 | DailyAccrualFund |
Oct 30, 2020 | $0.018 | DailyAccrualFund |
Sep 30, 2020 | $0.017 | DailyAccrualFund |
Aug 31, 2020 | $0.015 | DailyAccrualFund |
Jul 31, 2020 | $0.018 | DailyAccrualFund |
Jun 30, 2020 | $0.017 | DailyAccrualFund |
May 29, 2020 | $0.017 | DailyAccrualFund |
Apr 30, 2020 | $0.018 | DailyAccrualFund |
Mar 31, 2020 | $0.019 | DailyAccrualFund |
Feb 28, 2020 | $0.017 | DailyAccrualFund |
Jan 31, 2020 | $0.019 | DailyAccrualFund |
Nov 29, 2019 | $0.019 | DailyAccrualFund |
Oct 31, 2019 | $0.019 | DailyAccrualFund |
Sep 30, 2019 | $0.018 | DailyAccrualFund |
Aug 30, 2019 | $0.021 | DailyAccrualFund |
Jul 31, 2019 | $0.021 | DailyAccrualFund |
Apr 30, 2019 | $0.021 | DailyAccrualFund |
Mar 29, 2019 | $0.020 | DailyAccrualFund |
Feb 28, 2019 | $0.021 | DailyAccrualFund |
Jan 31, 2019 | $0.019 | DailyAccrualFund |
Dec 31, 2018 | $0.018 | DailyAccrualFund |
Nov 30, 2018 | $0.021 | DailyAccrualFund |
Oct 31, 2018 | $0.020 | DailyAccrualFund |
Aug 31, 2018 | $0.022 | DailyAccrualFund |
Jul 31, 2018 | $0.020 | DailyAccrualFund |
Jun 29, 2018 | $0.022 | DailyAccrualFund |
PCLGX - Fund Manager Analysis
Managers
Paul Drury
Start Date
Tenure
Tenure Rank
Jul 31, 2002
19.85
19.9%
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
5.42
5.4%
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 |
---|---|---|---|
0.08 | 35.05 | 7.36 | 1.58 |