PNNCX: Putnam New York Tax Exempt Income Fund - MutualFunds.com
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Putnam NY Tax Exempt Income C

PNNCX - Snapshot

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return 3.1%
  • 5 Yr Annualized Return 2.6%
  • Net Assets $1.02 B
  • Holdings in Top 10 13.8%

52 WEEK LOW AND HIGH

$8.86
$7.84
$8.98

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.53%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 26.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

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

Compare PNNCX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.85

0.00%

$81.84 B

-

$0.00

-0.07%

-

$11.26

0.00%

$33.32 B

-

$0.00

0.00%

-

$13.63

0.00%

$24.55 B

-

$0.00

0.07%

-

$15.95

0.00%

$20.79 B

-

$0.00

0.00%

-

$117.10

+0.04%

$20.43 B

-

-

-0.09%

-

PNNCX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return 3.1%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.84%
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
    Jul 26, 1999
  • Shares Outstanding
    N/A
  • Share Class
    C
  • 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.


PNNCX - Performance

Return Ranking - Trailing

Period PNNCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -1.1% 1.0% 70.35%
1 Yr 3.2% -1.0% 10.1% 80.70%
3 Yr 3.1%* -0.4% 9.8% 78.19%
5 Yr 2.6%* -0.3% 7.8% 73.33%
10 Yr 3.3%* -0.1% 10.2% 74.50%

* Annualized

Return Ranking - Calendar

Period PNNCX Return Category Return Low Category Return High Rank in Category (%)
2020 1.6% -2.8% 310.0% 52.12%
2019 4.8% -0.3% 15.4% 18.14%
2018 -2.6% -10.3% 97.2% 69.70%
2017 2.0% -100.0% 7.6% 33.59%
2016 -2.9% -7.9% 96.8% 54.84%

Total Return Ranking - Trailing

Period PNNCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -1.1% 1.0% 70.35%
1 Yr 2.2% -5.0% 10.1% 66.53%
3 Yr 3.1%* -2.4% 9.8% 61.38%
5 Yr 2.6%* -1.4% 7.8% 62.62%
10 Yr 3.3%* -0.1% 10.2% 71.66%

* Annualized

Total Return Ranking - Calendar

Period PNNCX Return Category Return Low Category Return High Rank in Category (%)
2020 1.6% -2.8% 310.0% 52.12%
2019 4.8% -0.3% 15.4% 18.44%
2018 -2.6% -10.3% 11.0% 71.67%
2017 2.0% -100.0% 7.6% 38.86%
2016 -2.9% -7.9% 3.0% 60.48%

NAV & Total Return History


PNNCX - Holdings

Concentration Analysis

PNNCX Category Low Category High PNNCX % Rank
Net Assets 1.02 B 582 K 81.8 B 29.61%
Number of Holdings 332 3 10805 33.97%
Net Assets in Top 10 140 M -199 M 4.13 B 31.43%
Weighting of Top 10 13.77% 2.4% 100.0% 69.64%

Top 10 Holdings

  1. TSASC INC N Y 5% 1.76%
  2. NEW YORK LIBERTY DEV CORP LIBERTY REV 5% 1.70%
  3. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 0.01% 1.52%
  4. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% 1.45%
  5. TRIBOROUGH BRDG & TUNL AUTH NY REVS 0.01% 1.29%
  6. NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% 1.26%
  7. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 4% 1.24%
  8. METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 5% 1.23%
  9. METROPOLITAN TRANSN AUTH N Y REV 5% 1.22%
  10. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5% 1.20%

Asset Allocation

Weighting Return Low Return High PNNCX % Rank
Bonds
99.18% 15.80% 147.66% 44.75%
Cash
0.83% -47.66% 84.20% 53.59%
Stocks
0.00% 0.00% 1.92% 81.02%
Preferred Stocks
0.00% -0.96% 1.04% 79.48%
Other
0.00% -13.14% 12.83% 79.37%
Convertible Bonds
0.00% 0.00% 1.50% 79.88%

Bond Sector Breakdown

Weighting Return Low Return High PNNCX % Rank
Municipal
99.17% 15.02% 100.00% 44.09%
Cash & Equivalents
0.83% 0.00% 84.20% 54.83%
Derivative
0.00% 0.00% 0.85% 79.82%
Securitized
0.00% 0.00% 6.51% 79.99%
Corporate
0.00% 0.00% 15.75% 81.80%
Government
0.00% 0.00% 84.56% 80.95%

Bond Geographic Breakdown

Weighting Return Low Return High PNNCX % Rank
US
99.06% 15.80% 141.34% 22.89%
Non US
0.12% 0.00% 28.07% 69.47%

PNNCX - Expenses

Operational Fees

PNNCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.53% 0.01% 16.95% 18.62%
Management Fee 0.43% 0.00% 1.10% 46.18%
12b-1 Fee 1.00% 0.00% 1.00% 96.42%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

PNNCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.25% 5.50% 81.61%

Trading Fees

PNNCX 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.

PNNCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 0.00% 299.40% 64.45%

PNNCX - Distributions

Dividend Yield Analysis

PNNCX Category Low Category High PNNCX % Rank
Dividend Yield 0.00% 0.00% 3.00% 80.68%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PNNCX Category Low Category High PNNCX % Rank
Net Income Ratio 1.84% -1.65% 6.48% 76.52%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

PNNCX - Fund Manager Analysis

Managers

Paul Drury


Start Date

Tenure

Tenure Rank

Jul 31, 2002

18.43

18.4%

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

4.0

4.0%

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
0.06 35.78 6.93 0.16