Putnam NY Tax Exempt Income C
- PNNCX
- Price as of: Jan 15, 2021
-
$8.86
N/A N/A
- Primary Theme
- Municipal Bond
- Fund Company
- Putnam
- Share Class
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
Municipal Bond
- Fund Type Open End Mutual Fund
- Investment Style Muni New York Long
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%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePutnam New York Tax Exempt Income Fund
-
Fund Family NamePutnam
-
Inception DateJul 26, 1999
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPaul 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
- TSASC INC N Y 5% 1.76%
- NEW YORK LIBERTY DEV CORP LIBERTY REV 5% 1.70%
- NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 0.01% 1.52%
- NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% 1.45%
- TRIBOROUGH BRDG & TUNL AUTH NY REVS 0.01% 1.29%
- NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% 1.26%
- NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 4% 1.24%
- METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 5% 1.23%
- METROPOLITAN TRANSN AUTH N Y REV 5% 1.22%
- 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
| Date | Amount |
|---|---|
| Feb 28, 2019 | $0.015 |
| Jan 31, 2019 | $0.013 |
| Dec 31, 2018 | $0.002 |
| Nov 30, 2018 | $0.015 |
| Oct 31, 2018 | $0.014 |
| Aug 31, 2018 | $0.015 |
| Jul 31, 2018 | $0.013 |
| Jun 29, 2018 | $0.016 |
| May 31, 2018 | $0.014 |
| Apr 30, 2018 | $0.014 |
| Mar 29, 2018 | $0.015 |
| Feb 28, 2018 | $0.016 |
| Jan 31, 2018 | $0.015 |
| Dec 29, 2017 | $0.004 |
| Nov 30, 2017 | $0.015 |
| Oct 31, 2017 | $0.014 |
| Sep 29, 2017 | $0.016 |
| Aug 31, 2017 | $0.015 |
| Jul 31, 2017 | $0.014 |
| Jun 30, 2017 | $0.017 |
| May 31, 2017 | $0.016 |
| Apr 28, 2017 | $0.015 |
| Mar 31, 2017 | $0.017 |
| Feb 28, 2017 | $0.017 |
| Jan 31, 2017 | $0.016 |
| Dec 30, 2016 | $0.013 |
| Nov 30, 2016 | $0.017 |
| Oct 31, 2016 | $0.015 |
| Sep 30, 2016 | $0.018 |
| Aug 31, 2016 | $0.016 |
| Jul 29, 2016 | $0.016 |
| Jun 30, 2016 | $0.017 |
| May 31, 2016 | $0.016 |
| Apr 29, 2016 | $0.018 |
| Mar 31, 2016 | $0.018 |
| Feb 29, 2016 | $0.020 |
| Jan 29, 2016 | $0.017 |
| Dec 31, 2015 | $0.002 |
| Nov 30, 2015 | $0.019 |
| Oct 30, 2015 | $0.018 |
| Sep 30, 2015 | $0.019 |
| Aug 31, 2015 | $0.019 |
| Jul 31, 2015 | $0.019 |
| Jun 30, 2015 | $0.021 |
| May 29, 2015 | $0.018 |
| Apr 30, 2015 | $0.019 |
| Mar 31, 2015 | $0.020 |
| Feb 27, 2015 | $0.021 |
| Jan 30, 2015 | $0.019 |
| Dec 31, 2014 | $0.021 |
| Nov 28, 2014 | $0.019 |
| Oct 31, 2014 | $0.020 |
| Sep 30, 2014 | $0.023 |
| Aug 29, 2014 | $0.019 |
| Jul 31, 2014 | $0.020 |
| Jun 30, 2014 | $0.022 |
| May 30, 2014 | $0.020 |
| Apr 30, 2014 | $0.021 |
| Mar 31, 2014 | $0.020 |
| Feb 28, 2014 | $0.021 |
| Jan 31, 2014 | $0.021 |
| Dec 31, 2013 | $0.022 |
| Nov 29, 2013 | $0.021 |
| Oct 31, 2013 | $0.021 |
| Sep 30, 2013 | $0.022 |
| Aug 30, 2013 | $0.021 |
| Jul 31, 2013 | $0.022 |
| Jun 28, 2013 | $0.020 |
| May 31, 2013 | $0.020 |
| Apr 30, 2013 | $0.023 |
| Mar 28, 2013 | $0.018 |
| Feb 28, 2013 | $0.021 |
| Jan 31, 2013 | $0.021 |
| Dec 31, 2012 | $0.021 |
| Nov 30, 2012 | $0.021 |
| Oct 31, 2012 | $0.022 |
| Sep 28, 2012 | $0.020 |
| Aug 31, 2012 | $0.021 |
| Jul 31, 2012 | $0.021 |
| Jun 29, 2012 | $0.021 |
| May 31, 2012 | $0.022 |
| Apr 30, 2012 | $0.023 |
| Mar 30, 2012 | $0.022 |
| Feb 29, 2012 | $0.024 |
| Jan 31, 2012 | $0.023 |
| Dec 30, 2011 | $0.024 |
| Nov 30, 2011 | $0.024 |
| Oct 31, 2011 | $0.024 |
| Sep 30, 2011 | $0.024 |
| Aug 31, 2011 | $0.025 |
| Jul 29, 2011 | $0.022 |
| Jun 30, 2011 | $0.024 |
| May 31, 2011 | $0.026 |
| Apr 29, 2011 | $0.023 |
| Mar 31, 2011 | $0.025 |
| Feb 28, 2011 | $0.022 |
| Jan 31, 2011 | $0.025 |
| Dec 31, 2010 | $0.024 |
| Nov 30, 2010 | $0.025 |
| Oct 29, 2010 | $0.022 |
| Sep 30, 2010 | $0.023 |
| Aug 31, 2010 | $0.025 |
| Jul 30, 2010 | $0.024 |
| Jun 30, 2010 | $0.026 |
| May 28, 2010 | $0.022 |
| Apr 30, 2010 | $0.024 |
| Mar 31, 2010 | $0.027 |
| Feb 26, 2010 | $0.023 |
| Jan 29, 2010 | $0.023 |
| Dec 31, 2009 | $0.025 |
| Nov 30, 2009 | $0.024 |
| Oct 30, 2009 | $0.023 |
| Sep 30, 2009 | $0.023 |
| Aug 31, 2009 | $0.025 |
| Jul 31, 2009 | $0.024 |
| Jun 30, 2009 | $0.025 |
| May 29, 2009 | $0.023 |
| Apr 30, 2009 | $0.024 |
| Mar 31, 2009 | $0.026 |
| Feb 27, 2009 | $0.023 |
| Jan 30, 2009 | $0.025 |
| Dec 31, 2008 | $0.027 |
| Nov 28, 2008 | $0.023 |
| Oct 31, 2008 | $0.025 |
| Sep 30, 2008 | $0.026 |
| Aug 29, 2008 | $0.023 |
| Jul 31, 2008 | $0.025 |
| Jun 30, 2008 | $0.025 |
| May 30, 2008 | $0.024 |
| Apr 30, 2008 | $0.024 |
| Mar 31, 2008 | $0.026 |
| Feb 29, 2008 | $0.024 |
| Jan 31, 2008 | $0.025 |
| Nov 30, 2007 | $0.024 |
| Oct 31, 2007 | $0.026 |
| Sep 28, 2007 | $0.022 |
| Aug 31, 2007 | $0.025 |
| Jul 31, 2007 | $0.026 |
| Jun 29, 2007 | $0.024 |
| May 31, 2007 | $0.025 |
| Apr 30, 2007 | $0.025 |
| Mar 30, 2007 | $0.025 |
| Feb 28, 2007 | $0.023 |
| Jan 31, 2007 | $0.025 |
| Oct 31, 2006 | $0.026 |
| Sep 29, 2006 | $0.024 |
| Aug 31, 2006 | $0.025 |
| Jul 31, 2006 | $0.025 |
| Jun 30, 2006 | $0.024 |
| May 31, 2006 | $0.026 |
| Apr 28, 2006 | $0.022 |
| Mar 31, 2006 | $0.024 |
| Feb 28, 2006 | $0.022 |
| Jan 31, 2006 | $0.024 |
| Dec 30, 2005 | $0.001 |
| Nov 30, 2005 | $0.024 |
| Oct 31, 2005 | $0.024 |
| Sep 30, 2005 | $0.023 |
| Aug 31, 2005 | $0.025 |
| Jul 29, 2005 | $0.021 |
| Jun 30, 2005 | $0.023 |
| May 31, 2005 | $0.025 |
| Apr 29, 2005 | $0.021 |
| Mar 31, 2005 | $0.022 |
| Feb 28, 2005 | $0.020 |
| Jan 31, 2005 | $0.021 |
| Dec 31, 2004 | $0.002 |
| Nov 30, 2004 | $0.024 |
| Oct 29, 2004 | $0.022 |
| Sep 30, 2004 | $0.023 |
| Aug 31, 2004 | $0.024 |
| Jul 30, 2004 | $0.023 |
| Jun 30, 2004 | $0.027 |
| May 28, 2004 | $0.023 |
| Apr 30, 2004 | $0.024 |
| Mar 31, 2004 | $0.026 |
| Feb 27, 2004 | $0.022 |
| Jan 30, 2004 | $0.023 |
| Dec 31, 2003 | $0.028 |
| Oct 31, 2003 | $0.025 |
| Sep 30, 2003 | $0.027 |
| Aug 29, 2003 | $0.024 |
| Jul 31, 2003 | $0.026 |
| Jun 30, 2003 | $0.026 |
| May 30, 2003 | $0.025 |
| Apr 30, 2003 | $0.025 |
| Mar 31, 2003 | $0.026 |
| Feb 28, 2003 | $0.024 |
| Jan 31, 2003 | $0.026 |
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 |