Putnam Tax Exempt Income Fund - Putnam Tax Exempt Income Fund USD Cls R6
Name
As of 05/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$7.74
$744 M
3.51%
$0.27
0.54%
Vitals
YTD Return
-0.5%
1 yr return
3.7%
3 Yr Avg Return
-1.7%
5 Yr Avg Return
0.8%
Net Assets
$744 M
Holdings in Top 10
14.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.54%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 34.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$7.74
$744 M
3.51%
$0.27
0.54%
PEXTX - Profile
Distributions
- YTD Total Return -0.5%
- 3 Yr Annualized Total Return -1.7%
- 5 Yr Annualized Total Return 0.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.36%
- Dividend Yield 3.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePutnam Tax Exempt Income Fund - Putnam Tax Exempt Income Fund USD Cls R6
-
Fund Family NamePutnam
-
Inception DateMay 21, 2018
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPaul Drury
Fund Description
PEXTX - Performance
Return Ranking - Trailing
Period | PEXTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.5% | -4.9% | 8.8% | 61.40% |
1 Yr | 3.7% | -4.9% | 29.7% | 10.40% |
3 Yr | -1.7%* | -11.4% | 2.5% | 70.62% |
5 Yr | 0.8%* | -6.4% | 1101.3% | 49.93% |
10 Yr | N/A* | -0.5% | 248.1% | 30.48% |
* Annualized
Return Ranking - Calendar
Period | PEXTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.0% | -1.4% | 41.0% | 12.12% |
2022 | -12.9% | -39.7% | 0.3% | 68.47% |
2021 | -1.8% | -5.6% | 6.9% | 96.28% |
2020 | 2.1% | -2.6% | 310.0% | 32.93% |
2019 | 3.0% | 0.0% | 26.0% | 78.97% |
Total Return Ranking - Trailing
Period | PEXTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.5% | -4.9% | 8.8% | 61.40% |
1 Yr | 3.7% | -4.9% | 29.7% | 10.40% |
3 Yr | -1.7%* | -11.4% | 2.5% | 70.62% |
5 Yr | 0.8%* | -6.4% | 1101.3% | 49.93% |
10 Yr | N/A* | -0.5% | 248.1% | 29.96% |
* Annualized
Total Return Ranking - Calendar
Period | PEXTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.9% | -1.3% | 41.0% | 6.32% |
2022 | -10.3% | -39.7% | 1.1% | 63.72% |
2021 | 0.5% | -4.8% | 23761504.0% | 75.03% |
2020 | 3.9% | -1.5% | 17057.9% | 45.21% |
2019 | 8.2% | 0.2% | 3514.6% | 12.05% |
NAV & Total Return History
PEXTX - Holdings
Concentration Analysis
PEXTX | Category Low | Category High | PEXTX % Rank | |
---|---|---|---|---|
Net Assets | 744 M | 3.22 M | 71.9 B | 35.24% |
Number of Holdings | 410 | 2 | 13067 | 30.15% |
Net Assets in Top 10 | 80.4 M | -317 M | 3.56 B | 50.55% |
Weighting of Top 10 | 14.24% | 2.0% | 100.2% | 66.45% |
Top 10 Holdings
- 5 Year Treasury Note Future Mar 22 5.73%
- 5 Year Treasury Note Future Mar 22 5.73%
- 5 Year Treasury Note Future Mar 22 5.73%
- 5 Year Treasury Note Future Mar 22 5.73%
- 5 Year Treasury Note Future Mar 22 5.73%
- 5 Year Treasury Note Future Mar 22 5.73%
- 5 Year Treasury Note Future Mar 22 5.73%
- 5 Year Treasury Note Future Mar 22 5.73%
- 5 Year Treasury Note Future Mar 22 5.73%
- 5 Year Treasury Note Future Mar 22 5.73%
Asset Allocation
Weighting | Return Low | Return High | PEXTX % Rank | |
---|---|---|---|---|
Bonds | 97.35% | 0.00% | 150.86% | 70.71% |
Cash | 2.64% | -50.86% | 46.80% | 25.80% |
Stocks | 0.00% | 0.00% | 99.81% | 11.88% |
Preferred Stocks | 0.00% | 0.00% | 0.10% | 0.52% |
Other | 0.00% | -3.18% | 23.38% | 12.28% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 0.52% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PEXTX % Rank | |
---|---|---|---|---|
Municipal | 97.41% | 44.39% | 100.00% | 62.62% |
Cash & Equivalents | 2.57% | 0.00% | 46.24% | 17.87% |
Government | 0.02% | 0.00% | 52.02% | 6.52% |
Derivative | 0.00% | -3.18% | 23.38% | 27.36% |
Securitized | 0.00% | 0.00% | 5.93% | 25.77% |
Corporate | 0.00% | 0.00% | 9.41% | 19.77% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PEXTX % Rank | |
---|---|---|---|---|
US | 96.86% | 0.00% | 142.23% | 72.25% |
Non US | 0.49% | 0.00% | 23.89% | 8.32% |
PEXTX - Expenses
Operational Fees
PEXTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.54% | 0.01% | 20.65% | 76.90% |
Management Fee | 0.42% | 0.00% | 1.20% | 46.82% |
12b-1 Fee | N/A | 0.00% | 1.00% | 39.05% |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
PEXTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | 70.83% |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
PEXTX 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.
PEXTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 34.00% | 0.00% | 283.00% | 82.69% |
PEXTX - Distributions
Dividend Yield Analysis
PEXTX | Category Low | Category High | PEXTX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.51% | 0.00% | 14.60% | 15.26% |
Dividend Distribution Analysis
PEXTX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
PEXTX | Category Low | Category High | PEXTX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.36% | -0.53% | 5.33% | 25.90% |
Capital Gain Distribution Analysis
PEXTX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 30, 2024 | $0.023 | OrdinaryDividend |
Mar 28, 2024 | $0.022 | OrdinaryDividend |
Feb 29, 2024 | $0.022 | DailyAccrualFund |
Jan 31, 2024 | $0.022 | DailyAccrualFund |
Dec 29, 2023 | $0.023 | DailyAccrualFund |
Nov 30, 2023 | $0.023 | DailyAccrualFund |
Oct 31, 2023 | $0.022 | DailyAccrualFund |
Sep 29, 2023 | $0.023 | DailyAccrualFund |
Aug 31, 2023 | $0.022 | DailyAccrualFund |
Jul 31, 2023 | $0.021 | DailyAccrualFund |
Jun 30, 2023 | $0.023 | DailyAccrualFund |
May 31, 2023 | $0.021 | DailyAccrualFund |
Apr 28, 2023 | $0.020 | DailyAccrualFund |
Mar 31, 2023 | $0.023 | DailyAccrualFund |
Feb 28, 2023 | $0.022 | DailyAccrualFund |
Jan 31, 2023 | $0.021 | DailyAccrualFund |
Dec 30, 2022 | $0.021 | DailyAccrualFund |
Nov 30, 2022 | $0.021 | DailyAccrualFund |
Oct 31, 2022 | $0.020 | DailyAccrualFund |
Sep 30, 2022 | $0.020 | DailyAccrualFund |
Aug 31, 2022 | $0.018 | DailyAccrualFund |
Jul 29, 2022 | $0.019 | DailyAccrualFund |
Jun 30, 2022 | $0.019 | DailyAccrualFund |
May 31, 2022 | $0.018 | DailyAccrualFund |
Apr 29, 2022 | $0.018 | DailyAccrualFund |
Mar 31, 2022 | $0.017 | DailyAccrualFund |
Feb 28, 2022 | $0.015 | DailyAccrualFund |
Jan 31, 2022 | $0.016 | DailyAccrualFund |
Dec 31, 2021 | $0.002 | OrdinaryDividend |
Nov 30, 2021 | $0.016 | DailyAccrualFund |
Oct 29, 2021 | $0.017 | DailyAccrualFund |
Sep 30, 2021 | $0.017 | DailyAccrualFund |
Aug 31, 2021 | $0.017 | DailyAccrualFund |
Jul 30, 2021 | $0.018 | DailyAccrualFund |
Jun 30, 2021 | $0.017 | DailyAccrualFund |
May 28, 2021 | $0.016 | DailyAccrualFund |
Apr 30, 2021 | $0.019 | DailyAccrualFund |
Mar 31, 2021 | $0.018 | DailyAccrualFund |
Feb 26, 2021 | $0.017 | DailyAccrualFund |
Jan 29, 2021 | $0.017 | DailyAccrualFund |
Dec 31, 2020 | $0.002 | DailyAccrualFund |
Nov 30, 2020 | $0.018 | DailyAccrualFund |
Oct 30, 2020 | $0.018 | DailyAccrualFund |
Sep 30, 2020 | $0.017 | DailyAccrualFund |
Aug 31, 2020 | $0.017 | DailyAccrualFund |
Jul 31, 2020 | $0.019 | DailyAccrualFund |
Jun 30, 2020 | $0.018 | DailyAccrualFund |
May 29, 2020 | $0.018 | DailyAccrualFund |
Apr 30, 2020 | $0.020 | DailyAccrualFund |
Mar 31, 2020 | $0.020 | DailyAccrualFund |
Feb 28, 2020 | $0.018 | DailyAccrualFund |
Jan 31, 2020 | $0.020 | DailyAccrualFund |
Nov 29, 2019 | $0.021 | DailyAccrualFund |
Oct 31, 2019 | $0.022 | DailyAccrualFund |
Sep 30, 2019 | $0.020 | DailyAccrualFund |
Aug 30, 2019 | $0.021 | DailyAccrualFund |
Jul 31, 2019 | $0.022 | DailyAccrualFund |
May 31, 2019 | $0.022 | DailyAccrualFund |
Apr 30, 2019 | $0.022 | DailyAccrualFund |
Mar 29, 2019 | $0.022 | DailyAccrualFund |
Feb 28, 2019 | $0.022 | DailyAccrualFund |
Jan 31, 2019 | $0.022 | DailyAccrualFund |
Dec 31, 2018 | $0.021 | DailyAccrualFund |
Nov 30, 2018 | $0.025 | DailyAccrualFund |
Oct 31, 2018 | $0.023 | DailyAccrualFund |
Aug 31, 2018 | $0.025 | DailyAccrualFund |
Jul 31, 2018 | $0.022 | DailyAccrualFund |
Jun 29, 2018 | $0.024 | DailyAccrualFund |
PEXTX - 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 | 7.37 | 1.58 |