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Trending ETFs

Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.87

$627 M

2.57%

$0.20

1.69%

Vitals

YTD Return

1.0%

1 yr return

4.5%

3 Yr Avg Return

-2.4%

5 Yr Avg Return

0.0%

Net Assets

$627 M

Holdings in Top 10

14.3%

52 WEEK LOW AND HIGH

$7.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.69%

SALES FEES

Front Load N/A

Deferred Load 1.00%

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 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.87

$627 M

2.57%

$0.20

1.69%

PTECX - Profile

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return -2.4%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.37%
DIVIDENDS
  • Dividend Yield 2.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PUTNAM TAX EXEMPT INCOME FUND
  • Fund Family Name
    Putnam Family of Funds
  • Inception Date
    May 07, 2008
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Paul Drury

Fund Description

Investments

We invest mainly in bonds that pay interest that is exempt from federal 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). Under normal circumstances, we invest at least 80% of the fund’s net assets in tax-exempt investments, which for purposes of this policy exclude investments paying interest subject to the federal AMT for individuals. This investment policy cannot be changed without the approval of the fund’s shareholders. We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments.

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PTECX - Performance

Return Ranking - Trailing

Period PTECX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -3.1% 16.8% 36.78%
1 Yr 4.5% -2.3% 30.7% 25.62%
3 Yr -2.4%* -11.1% 2.9% 92.33%
5 Yr 0.0%* -6.4% 1102.0% 85.34%
10 Yr 1.5%* -0.6% 248.4% 64.23%

* Annualized

Return Ranking - Calendar

Period PTECX Return Category Return Low Category Return High Rank in Category (%)
2023 4.0% -1.4% 41.0% 12.51%
2022 -13.0% -39.7% 0.3% 71.33%
2021 -1.8% -5.6% 6.9% 96.21%
2020 2.2% -2.6% 310.0% 28.14%
2019 3.0% 0.0% 26.0% 79.05%

Total Return Ranking - Trailing

Period PTECX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -3.1% 16.8% 36.78%
1 Yr 4.5% -2.3% 30.7% 25.62%
3 Yr -2.4%* -11.1% 2.9% 92.33%
5 Yr 0.0%* -6.4% 1102.0% 85.34%
10 Yr 1.5%* -0.6% 248.4% 64.23%

* Annualized

Total Return Ranking - Calendar

Period PTECX Return Category Return Low Category Return High Rank in Category (%)
2023 6.7% -1.3% 41.0% 23.97%
2022 -11.3% -39.7% 1.1% 78.47%
2021 -0.5% -4.8% 23761504.0% 94.61%
2020 3.8% -1.5% 17057.9% 50.65%
2019 7.2% 0.2% 3514.6% 31.22%

NAV & Total Return History


PTECX - Holdings

Concentration Analysis

PTECX Category Low Category High PTECX % Rank
Net Assets 627 M 3.22 M 71.9 B 40.38%
Number of Holdings 317 2 13067 37.04%
Net Assets in Top 10 89.5 M -317 M 3.56 B 46.98%
Weighting of Top 10 14.33% 2.0% 100.2% 67.36%

Top 10 Holdings

  1. FX.RT. MUNI BOND 1.78%
  2. GOVERNMENT FUTURES 1.67%
  3. VAR.RT.MUNI NOTE NT 1.60%
  4. MUNI STEP UP BOND 1.58%
  5. FX.RT. MUNI BOND 1.54%
  6. FX.RT. MUNI BOND 1.29%
  7. MUNI PUT BOND ACT 1.24%
  8. FX.RT. MUNI BOND 1.24%
  9. FX.RT. MUNI BOND 1.21%
  10. FX.RT. MUNI BOND 1.18%

Asset Allocation

Weighting Return Low Return High PTECX % Rank
Bonds
102.16% 0.00% 150.86% 5.39%
Other
1.67% -3.18% 33.35% 2.47%
Cash
0.05% -50.86% 46.80% 85.77%
Stocks
0.00% 0.00% 99.81% 89.29%
Preferred Stocks
0.00% 0.00% 0.56% 87.91%
Convertible Bonds
0.00% 0.00% 0.93% 87.74%

Bond Sector Breakdown

Weighting Return Low Return High PTECX % Rank
Municipal
97.41% 44.39% 100.00% 62.62%
Derivative
1.67% -3.18% 19.67% 1.43%
Cash & Equivalents
0.05% 0.00% 46.24% 51.33%
Government
0.02% 0.00% 52.02% 7.11%
Securitized
0.00% 0.00% 5.93% 88.32%
Corporate
0.00% 0.00% 9.41% 89.76%

Bond Geographic Breakdown

Weighting Return Low Return High PTECX % Rank
US
102.16% 0.00% 142.23% 5.39%
Non US
0.00% 0.00% 23.89% 90.19%

PTECX - Expenses

Operational Fees

PTECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.69% 0.01% 20.65% 5.92%
Management Fee 0.43% 0.00% 1.20% 52.01%
12b-1 Fee N/A 0.00% 1.00% 98.43%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

PTECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load 1.00% 0.25% 5.00% 91.69%

Trading Fees

PTECX 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.

PTECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 34.00% 0.00% 283.00% 83.39%

PTECX - Distributions

Dividend Yield Analysis

PTECX Category Low Category High PTECX % Rank
Dividend Yield 2.57% 0.00% 14.51% 72.08%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PTECX Category Low Category High PTECX % Rank
Net Income Ratio 1.37% -0.53% 5.33% 76.79%

Capital Gain Distribution Analysis

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

Distributions History

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PTECX - 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 7.36 1.58