PTNJX: Putnam New Jersey Tax Exempt Income Fund - MutualFunds.com

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Putnam NJ Tax Exempt Income A

PTNJX - Snapshot

Vitals

  • YTD Return -0.3%
  • 3 Yr Annualized Return 3.8%
  • 5 Yr Annualized Return 3.5%
  • Net Assets $164 M
  • Holdings in Top 10 20.4%

52 WEEK LOW AND HIGH

$9.41
$8.50
$9.69

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.80%

SALES FEES

  • Front Load 4.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 22.00%

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 Jersey

Compare PTNJX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.64

0.00%

$78.20 B

0.00%

$0.00

1.17%

0.17%

$11.21

0.00%

$32.33 B

0.00%

$0.00

1.17%

0.17%

$13.38

0.00%

$24.21 B

0.00%

$0.00

0.38%

0.52%

$15.93

0.00%

$19.35 B

0.00%

$0.00

0.50%

0.17%

$115.26

+0.01%

$17.86 B

-

-

1.33%

0.07%

PTNJX - Profile

Distributions

  • YTD Total Return -0.3%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.64%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Putnam New Jersey Tax Exempt Income Fund
  • Fund Family Name
    Putnam
  • Inception Date
    Feb 20, 1990
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Paul Drury

Fund Description

The fund invests mainly in bonds that pay interest that is exempt from federal income tax and New Jersey personal income tax (but that may be subject to federal alternative minimum tax (AMT)), are investment-grade in quality, and have intermediate- to long-term maturities (i.e., three years or longer). It invests at least 80% of the fund's net assets in tax-exempt investments.


PTNJX - Performance

Return Ranking - Trailing

Period PTNJX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -8.5% 300.4% 64.17%
1 Yr 2.6% -5.9% 6.6% 51.17%
3 Yr 3.8%* -0.9% 7.4% 27.53%
5 Yr 3.5%* -0.2% 7.0% 28.55%
10 Yr 3.3%* -0.1% 8.1% 50.94%

* Annualized

Return Ranking - Calendar

Period PTNJX Return Category Return Low Category Return High Rank in Category (%)
2019 4.2% -0.3% 15.4% 34.38%
2018 -2.2% -10.3% 97.2% 49.31%
2017 2.1% -100.0% 7.6% 31.85%
2016 -3.1% -7.9% 96.8% 65.78%
2015 -1.4% -4.8% 3.0% 92.39%

Total Return Ranking - Trailing

Period PTNJX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -9.2% 300.4% 64.11%
1 Yr -1.5% -8.7% 6.6% 89.52%
3 Yr 2.4%* -2.4% 7.4% 69.71%
5 Yr 2.6%* -1.4% 7.0% 58.42%
10 Yr 2.9%* -0.5% 8.1% 64.08%

* Annualized

Total Return Ranking - Calendar

Period PTNJX Return Category Return Low Category Return High Rank in Category (%)
2019 4.2% -0.3% 15.4% 35.50%
2018 -2.2% -10.3% 11.0% 51.77%
2017 2.1% -100.0% 7.6% 36.72%
2016 -3.1% -7.9% 3.0% 70.58%
2015 -1.4% -4.8% 4.0% 93.20%

NAV & Total Return History


PTNJX - Holdings

Concentration Analysis

PTNJX Category Low Category High PTNJX % Rank
Net Assets 164 M 617 K 78.2 B 73.57%
Number of Holdings 127 3 10083 75.57%
Net Assets in Top 10 33.5 M -202 M 4.54 B 72.73%
Weighting of Top 10 20.43% 2.4% 99.7% 40.07%

Top 10 Holdings

  1. PORT AUTH N Y & N J 6.12% 3.50%
  2. ESSEX CNTY N J 1.5% 3.03%
  3. GARDEN ST N J PRESERVATION TR OPEN SPACE & FARMLAND PRESERVATION 0% 2.92%
  4. NEW JERSEY ECONOMIC DEV AUTH REV 5% 2.15%
  5. NEW JERSEY ECONOMIC DEV AUTH REV 5% 1.97%
  6. NEW JERSEY ST EDL FACS AUTH REV 4% 1.94%
  7. WHITING IND ENVIRONMENTAL FACS REV 5% 1.68%
  8. NEW JERSEY ST HIGHER ED ASSISTANCE AUTH STUD LN 5% 1.65%
  9. NEW JERSEY ST EDL FACS AUTH REV 5% 1.54%
  10. GARDEN ST N J PRESERVATION TR OPEN SPACE & FARMLAND PRESERVATION 5.75% 1.54%

Asset Allocation

Weighting Return Low Return High PTNJX % Rank
Bonds
95.36% 65.51% 149.06% 81.70%
Cash
4.63% -49.07% 34.49% 18.08%
Stocks
0.00% 0.00% 1.67% 86.97%
Preferred Stocks
0.00% -0.98% 1.04% 86.11%
Other
0.00% -1.48% 12.83% 86.28%
Convertible Bonds
0.00% 0.00% 1.83% 86.73%

Bond Sector Breakdown

Weighting Return Low Return High PTNJX % Rank
Municipal
95.42% 49.08% 100.00% 79.82%
Cash & Equivalents
4.58% 0.00% 34.49% 18.88%
Government
0.01% 0.00% 49.86% 6.58%
Derivative
0.00% 0.00% 2.16% 86.39%
Securitized
0.00% 0.00% 6.06% 87.02%
Corporate
0.00% 0.00% 13.25% 89.80%

Bond Geographic Breakdown

Weighting Return Low Return High PTNJX % Rank
US
94.86% 65.51% 142.92% 68.25%
Non US
0.50% 0.00% 27.43% 58.05%

PTNJX - Expenses

Operational Fees

PTNJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.80% 0.01% 4.01% 47.53%
Management Fee 0.43% 0.00% 1.10% 45.15%
12b-1 Fee 0.25% 0.00% 1.00% 57.38%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

PTNJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 0.50% 5.75% 41.73%
Deferred Load N/A 0.25% 5.50% 100.00%

Trading Fees

PTNJX 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.

PTNJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 22.00% 0.00% 235.00% 55.77%

PTNJX - Distributions

Dividend Yield Analysis

PTNJX Category Low Category High PTNJX % Rank
Dividend Yield 0.00% 0.00% 3.82% 87.44%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PTNJX Category Low Category High PTNJX % Rank
Net Income Ratio 2.64% 0.04% 6.48% 41.41%

Capital Gain Distribution Analysis

PTNJX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

PTNJX - Fund Manager Analysis

Managers

Paul Drury


Start Date

Tenure

Tenure Rank

Jul 31, 2002

18.18

18.2%

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

3.75

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
0.07 33.85 8.29 2.76