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PEIBX Putnam NY Tax Exempt Income B

  • Fund
  • PEIBX
  • Price as of: May 22, 2019
  • $8.57 - $0.00 - 0.00%
  • Category
  • Single State Municipal Bonds

PEIBX - Profile

Vitals

  • YTD Return 3.1%
  • 3 Yr Annualized Return -0.7%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $974 M
  • Holdings in Top 10 12.7%

52 WEEK LOW AND HIGH

$8.57
$8.17
$8.59

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.38%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 28.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Apr 03, 2017

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 3.1%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.25%
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 M. 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 3.1% -3.1% 6.8% 17.48%
1 Yr 2.8% -4.5% 9.0% 25.60%
3 Yr -0.7%* -2.9% 3.7% 29.43%
5 Yr 0.0%* -2.0% 1.6% 35.29%
10 Yr 0.5%* -1.2% 4.3% 46.89%

* Annualized


Return Ranking - Calendar

Period PEIBX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.6% -7.2% 11.0% 68.18%
2017 1.9% -10.1% 6.8% 28.92%
2016 -2.8% -4.9% 0.0% 46.11%
2015 -0.7% -5.6% 1.8% 75.41%
2014 5.5% -34.8% 15.6% 56.51%

Total Return Ranking - Trailing

Period PEIBX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -3.1% 6.8% 17.99%
1 Yr 2.8% -4.5% 9.0% 28.50%
3 Yr -0.7%* -2.9% 3.7% 36.31%
5 Yr 0.0%* -1.4% 4.2% 41.67%
10 Yr 0.5%* -1.1% 5.5% 51.43%

* Annualized


Total Return Ranking - Calendar

Period PEIBX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.6% -7.2% 11.0% 70.45%
2017 1.9% -10.1% 6.9% 34.27%
2016 -2.8% -4.9% 1.0% 52.74%
2015 -0.7% -5.6% 4.0% 77.96%
2014 5.5% -34.8% 16.3% 58.79%

NAV & Total Return History

PEIBX - Holdings

Concentration Analysis

PEIBX Category Low Category High PEIBX % Rank
Net Assets 974 M 6.28 M 19.8 B 13.96%
Number of Holdings 287 23 4231 16.98%
Net Assets in Top 10 124 M -4.71 M 2.82 B 22.64%
Weighting of Top 10 12.72% 2.5% 59.3% 91.32%

Top 10 Holdings

  1. TSASC INC N Y 5% 1.75%

  2. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% 1.47%

  3. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5% 1.31%

  4. NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% 1.24%

  5. NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% 1.22%

  6. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5.5% 1.21%

  7. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5% 1.20%

  8. NEW YORK N Y 5% 1.16%

  9. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5% 1.09%

  10. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% 1.07%


Asset Allocation

Weighting Return Low Return High PEIBX % Rank
Bonds
92.70% -0.21% 102.82% 96.35%
Cash
7.30% -2.82% 93.39% 3.27%
Stocks
0.00% 0.00% 0.31% 40.38%
Preferred Stocks
0.00% 0.00% 0.00% 34.72%
Other
0.00% -1.80% 8.92% 41.89%
Convertible Bonds
0.00% 0.00% 0.00% 34.72%

Bond Sector Breakdown

Weighting Return Low Return High PEIBX % Rank
Municipal
92.70% 0.00% 102.82% 95.35%
Cash & Equivalents
7.30% -2.82% 93.39% 3.02%
Derivative
0.00% 0.00% 0.00% 34.72%
Securitized
0.00% 0.00% 0.00% 34.72%
Corporate
0.00% 0.00% 13.08% 40.25%
Government
0.00% -17.97% 1.02% 34.21%

Bond Geographic Breakdown

Weighting Return Low Return High PEIBX % Rank
US
91.19% -0.21% 102.38% 83.65%
Non US
1.51% 0.00% 21.15% 42.64%

PEIBX - Expenses

Operational Fees

PEIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.38% 0.09% 2.58% 25.91%
Management Fee 0.43% 0.08% 1.30% 27.80%
12b-1 Fee 0.85% 0.00% 1.00% 72.39%
Administrative Fee N/A 0.00% 0.33% N/A

Sales Fees

PEIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 5.00% 0.50% 5.00% 0.39%

Trading Fees

PEIBX 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.

PEIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 28.00% 3.32% 293.00% 82.17%

PEIBX - Distributions

Dividend Yield Analysis

PEIBX Category Low Category High PEIBX % Rank
Dividend Yield 0.02% 0.00% 1.04% 85.79%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PEIBX Category Low Category High PEIBX % Rank
Net Income Ratio 2.25% -0.21% 4.62% 78.62%

Capital Gain Distribution Analysis

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

PEIBX - Managers

Paul M. Drury

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2002

16.76

16.8%

Mr. 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

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2016

2.33

2.3%

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

0.0

Category High

39.6

Category Average

9.09

Category Mode

1.33