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Morningstar

Putnam NJ Tax Exempt Income Y PNJYX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.68  /  −0.22 %
  • Total Assets 136.7 Mil
  • Adj. Expense Ratio
    0.610%
  • Expense Ratio 0.610%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.35%
  • Effective Duration 6.78 years

USD | NAV as of Jul 01, 2024 | 1-Day Return as of Jul 01, 2024, 10:18 PM GMT+0

Morningstar’s Analysis PNJYX

Will PNJYX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PNJYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PNJYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PNJYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit Putnam NJ Tax Exempt Income Y to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PNJYX

More PNJYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 22.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PORT AUTH N Y & N J 6.125%

3.74 5.0 Mil
municipal

GARDEN ST N J PRESERVATION TR OPEN SPACE & FARMLAND PRESERVATION 0%

3.67 4.9 Mil
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH 3.36%

2.39 3.2 Mil
municipal

GLOUCESTER CNTY N J IMPT AUTH REV 5%

2.35 3.2 Mil
municipal

HUDSON CNTY N J IMPT AUTH LEASE REV 3%

2.32 3.1 Mil
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 5%

2.31 3.1 Mil
municipal

BASTROP TEX INDPT SCH DIST 5%

2.05 2.8 Mil
municipal

SOUTH JERSEY TRANSN AUTH N J TRANSN SYS REV 5.25%

1.96 2.6 Mil
municipal

NEW JERSEY ST EDL FACS AUTH REV 4%

1.94 2.6 Mil
municipal

PORT AUTH N Y & N J 5%

1.57 2.1 Mil
municipal