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Trending ETFs

Name

As of 06/12/2024

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

$8.74

$186 M

2.98%

$0.26

0.90%

Vitals

YTD Return

0.1%

1 yr return

4.0%

3 Yr Avg Return

-1.0%

5 Yr Avg Return

0.9%

Net Assets

$186 M

Holdings in Top 10

21.9%

52 WEEK LOW AND HIGH

$8.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.90%

SALES FEES

Front Load 4.00%

Deferred Load N/A

TRADING FEES

Turnover 12.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/12/2024

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

$8.74

$186 M

2.98%

$0.26

0.90%

PXMNX - Profile

Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return -1.0%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.76%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PUTNAM MINNESOTA TAX EXEMPT INCOME FUND II
  • Fund Family Name
    Putnam Family of Funds
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • 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 and Minnesota 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). Under normal circumstances, we invest at least 80% of the fund’s net assets in tax-exempt investments. Tax-exempt investments are issued by or for states, territories or possessions of the United States or by their political subdivisions, agencies, authorities or other government entities, and the income from these investments is exempt from both federal and Minnesota personal income tax. 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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PXMNX - Performance

Return Ranking - Trailing

Period PXMNX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -3.7% 16.7% 74.14%
1 Yr 4.0% -2.4% 30.5% 44.80%
3 Yr -1.0%* -11.5% 2.7% 40.08%
5 Yr 0.9%* -6.5% 1101.4% 42.39%
10 Yr 1.9%* -0.6% 248.3% 43.63%

* Annualized

Return Ranking - Calendar

Period PXMNX Return Category Return Low Category Return High Rank in Category (%)
2023 3.4% -1.4% 41.0% 25.41%
2022 -10.4% -39.7% 0.3% 38.97%
2021 -0.9% -5.6% 6.9% 72.47%
2020 1.9% -2.6% 310.0% 41.33%
2019 4.3% 0.0% 26.0% 31.01%

Total Return Ranking - Trailing

Period PXMNX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -3.7% 16.7% 74.14%
1 Yr 4.0% -2.4% 30.5% 44.80%
3 Yr -1.0%* -11.5% 2.7% 40.08%
5 Yr 0.9%* -6.5% 1101.4% 42.39%
10 Yr 1.9%* -0.6% 248.3% 43.63%

* Annualized

Total Return Ranking - Calendar

Period PXMNX Return Category Return Low Category Return High Rank in Category (%)
2023 6.3% -1.3% 41.0% 34.07%
2022 -8.4% -39.7% 1.1% 40.29%
2021 1.5% -4.8% 23761504.0% 51.86%
2020 4.5% -1.5% 17057.9% 28.42%
2019 6.7% 0.2% 3514.6% 45.32%

NAV & Total Return History


PXMNX - Holdings

Concentration Analysis

PXMNX Category Low Category High PXMNX % Rank
Net Assets 186 M 3.22 M 71.9 B 73.08%
Number of Holdings 176 2 13067 64.39%
Net Assets in Top 10 40.7 M -317 M 3.56 B 70.18%
Weighting of Top 10 21.89% 2.0% 100.2% 32.38%

Top 10 Holdings

  1. VAR.RT.MUNI NOTE NT 3.23%
  2. FX.RT. MUNI BOND 2.71%
  3. FX.RT. MUNI BOND 2.41%
  4. FX.RT. MUNI BOND 2.16%
  5. MUNI PUT BOND ACT 2.16%
  6. FX.RT. MUNI BOND 1.96%
  7. FX.RT. MUNI BOND 1.85%
  8. FX.RT. MUNI BOND 1.83%
  9. FX.RT. MUNI BOND 1.81%
  10. FX.RT. MUNI BOND 1.77%

Asset Allocation

Weighting Return Low Return High PXMNX % Rank
Bonds
99.10% 0.00% 150.86% 39.42%
Cash
0.90% -50.86% 46.80% 59.71%
Stocks
0.00% 0.00% 99.81% 96.10%
Preferred Stocks
0.00% 0.00% 0.56% 95.65%
Other
0.00% -3.18% 33.35% 90.90%
Convertible Bonds
0.00% 0.00% 0.93% 95.63%

Bond Sector Breakdown

Weighting Return Low Return High PXMNX % Rank
Municipal
98.43% 44.39% 100.00% 49.12%
Government
0.24% 0.00% 52.02% 2.87%
Cash & Equivalents
0.16% 0.00% 46.24% 48.73%
Derivative
0.00% -3.18% 19.67% 90.71%
Securitized
0.00% 0.00% 5.93% 96.02%
Corporate
0.00% 0.00% 9.41% 96.74%

Bond Geographic Breakdown

Weighting Return Low Return High PXMNX % Rank
US
99.10% 0.00% 142.23% 37.49%
Non US
0.00% 0.00% 23.89% 95.65%

PXMNX - Expenses

Operational Fees

PXMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.90% 0.01% 20.65% 34.72%
Management Fee 0.43% 0.00% 1.20% 51.75%
12b-1 Fee 0.25% 0.00% 1.00% 61.79%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

PXMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 0.50% 4.75% 38.24%
Deferred Load N/A 0.25% 5.00% 91.80%

Trading Fees

PXMNX 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.

PXMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.00% 0.00% 283.00% 32.37%

PXMNX - Distributions

Dividend Yield Analysis

PXMNX Category Low Category High PXMNX % Rank
Dividend Yield 2.98% 0.00% 14.51% 62.60%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PXMNX Category Low Category High PXMNX % Rank
Net Income Ratio 1.76% -0.53% 5.33% 60.88%

Capital Gain Distribution Analysis

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

Distributions History

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PXMNX - 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