PEIBX: Putnam New York Tax Exempt Income Fund - MutualFunds.com

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Deepen your understanding of Responsible Investing.

Enhance retirement outcomes with helpful tactics.

Putnam NY Tax Exempt Income B

PEIBX - Snapshot

Vitals

  • YTD Return 0.8%
  • 3 Yr Annualized Return 2.5%
  • 5 Yr Annualized Return 2.3%
  • Net Assets $983 M
  • Holdings in Top 10 13.5%

52 WEEK LOW AND HIGH

$8.78
$7.82
$8.96

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.38%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 26.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Apr 03, 2017
  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni New York Long

Compare PEIBX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.79

-0.07%

$78.56 B

-

$0.00

2.21%

-

$11.24

0.00%

$32.48 B

-

$0.00

1.44%

-

$13.56

0.00%

$24.26 B

-

$0.00

1.73%

-

$15.94

0.00%

$20.00 B

-

$0.00

0.57%

-

$116.79

-0.08%

$18.20 B

-

-

2.55%

-

PEIBX - Profile

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.00%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Putnam New York Tax Exempt Income Fund
  • Fund Family Name
    Putnam
  • Inception Date
    Jan 04, 1993
  • Shares Outstanding
    N/A
  • Share Class
    B
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Paul Drury

Fund Description

Under normal circumstances, the fund invests so that at least 90% of the fund's income distributions are exempt from federal income tax and New York State and City personal income taxes, except during times of adverse market conditions, when more than 10% of the fund's income distributions could be subject to these taxes.


PEIBX - Performance

Return Ranking - Trailing

Period PEIBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -6.7% 307.0% 65.13%
1 Yr 0.9% -5.4% 5.8% 92.98%
3 Yr 2.5%* -0.6% 8.2% 81.73%
5 Yr 2.3%* -0.3% 6.9% 75.30%
10 Yr 2.7%* -0.1% 8.1% 76.73%

* Annualized

Return Ranking - Calendar

Period PEIBX Return Category Return Low Category Return High Rank in Category (%)
2019 4.8% -0.3% 15.4% 17.70%
2018 -2.6% -10.3% 97.2% 69.40%
2017 1.9% -100.0% 7.6% 37.36%
2016 -2.8% -7.9% 96.8% 48.93%
2015 -0.7% -4.8% 3.0% 77.22%

Total Return Ranking - Trailing

Period PEIBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -6.7% 307.0% 65.01%
1 Yr -4.1% -8.3% 5.8% 99.43%
3 Yr 1.5%* -2.5% 8.2% 92.19%
5 Yr 2.0%* -1.5% 6.9% 78.47%
10 Yr 2.7%* -0.4% 8.1% 72.85%

* Annualized

Total Return Ranking - Calendar

Period PEIBX Return Category Return Low Category Return High Rank in Category (%)
2019 4.8% -0.3% 15.4% 18.05%
2018 -2.6% -10.3% 11.0% 71.36%
2017 1.9% -100.0% 7.6% 42.65%
2016 -2.8% -7.9% 3.0% 55.09%
2015 -0.7% -4.8% 4.0% 79.51%

NAV & Total Return History


PEIBX - Holdings

Concentration Analysis

PEIBX Category Low Category High PEIBX % Rank
Net Assets 983 M 611 K 78.6 B 29.07%
Number of Holdings 334 1 10805 31.87%
Net Assets in Top 10 133 M -199 M 3.97 B 32.77%
Weighting of Top 10 13.54% 2.5% 100.0% 71.89%

Top 10 Holdings

  1. TSASC INC N Y 5% 1.77%
  2. NEW YORK LIBERTY DEV CORP LIBERTY REV 5% 1.66%
  3. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% 1.47%
  4. TRIBOROUGH BRDG & TUNL AUTH NY REVS 0.06% 1.33%
  5. NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% 1.25%
  6. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 4% 1.24%
  7. METROPOLITAN TRANSN AUTH N Y REV 5% 1.22%
  8. METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 5% 1.22%
  9. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5% 1.22%
  10. NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 4% 1.16%

Asset Allocation

Weighting Return Low Return High PEIBX % Rank
Bonds
97.73% 0.00% 147.66% 65.45%
Cash
2.27% -47.66% 100.00% 33.33%
Stocks
0.00% 0.00% 1.80% 31.46%
Preferred Stocks
0.00% -0.98% 1.07% 27.87%
Other
0.00% -1.46% 12.83% 30.46%
Convertible Bonds
0.00% 0.00% 1.64% 28.21%

Bond Sector Breakdown

Weighting Return Low Return High PEIBX % Rank
Municipal
97.75% 0.00% 100.00% 62.78%
Cash & Equivalents
2.25% 0.00% 100.00% 34.57%
Derivative
0.00% 0.00% 2.16% 27.76%
Securitized
0.00% 0.00% 6.06% 29.39%
Corporate
0.00% 0.00% 12.97% 37.67%
Government
0.00% 0.00% 49.72% 31.64%

Bond Geographic Breakdown

Weighting Return Low Return High PEIBX % Rank
US
97.56% 0.00% 141.34% 44.93%
Non US
0.17% 0.00% 27.62% 66.78%

PEIBX - Expenses

Operational Fees

PEIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.38% 0.01% 4.23% 23.19%
Management Fee 0.43% 0.00% 1.10% 43.22%
12b-1 Fee 0.85% 0.00% 1.00% 76.51%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

PEIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 5.00% 0.25% 5.50% 2.00%

Trading Fees

PEIBX 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.

PEIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 0.00% 235.00% 63.16%

PEIBX - Distributions

Dividend Yield Analysis

PEIBX Category Low Category High PEIBX % Rank
Dividend Yield 0.00% 0.00% 3.55% 32.51%

Dividend Distribution Analysis

PEIBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PEIBX Category Low Category High PEIBX % Rank
Net Income Ratio 2.00% 0.00% 6.48% 72.58%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

PEIBX - 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