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Putnam MN Tax Exempt Income A (PXMNX) Fund Ranking and Research

Ranking, Research and Recommendation of Putnam MN Tax Exempt Income A (PXMNX) Fund

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Graph of Putnam MN Tax Exempt Income A Fund (PXMNX) ManagerFund Manager - Thalia M. Meehan

Fund Manager Information

Fund Manager Tenure: 12.1 years
Fund Family: Putnam
Fund Category: Muni Minnesota
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.54)     (What does this score mean?)
Ms. Meehan is a Portfolio Manager within Putnam's Tax Exempt Fixed Income Group. Ms. Meehan has served on the National Federation of Municipal Analysts' Board of Governors and is a member of Putnam's Diversity Advisory Council, the Boston Municipal Analyst Forum, and the Boston Security Analysts Society, as well as the Society of Municipal Analysts. In 2002, she received the Meritorious Service Award from the National Federation of Municipal Analysts. Ms. Meehan, who joined Putnam's Tax Exempt Bond Group in 1989, is a CFA charterholder.  Get more insights on Thalia M. Meehan

 

Graph of Putnam MN Tax Exempt Income A Fund (PXMNX) ProfilePutnam MN Tax Exempt Income A Fund (PXMNX) Profile

Fund Profile and Description

Putnam MN Tax Exempt Income A Fund seeks as high a level of current income exempt from federal income tax and Minnesota personal income tax as the manager believes to be consistent with preservation of capital. Putnam MN Tax Exempt Income A Fund invests 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. Besides, bonds are investment-grade in quality and have intermediate -to long-term maturities (three year or longer). It normally invests at least 80% of net assets in tax exempt securities.

 

Putnam MN Tax Exempt Income A (PXMNX) Fund Strength What we like about Putnam MN Tax Exempt Income A (PXMNX) Fund

Data for Putnam MN Tax Exempt Income A Fund (PXMNX) as of May 30, 2016

  • Putnam MN Tax Exempt Income A Fund (PXMNX) management has been with Putnam MN Tax Exempt Income A Fund for 12.1 years
  • Putnam MN Tax Exempt Income A Fund (PXMNX) has good Long-term performance (5-year return 4.42% vs 4.37% Muni Minnesota category median performance)
  • Putnam MN Tax Exempt Income A Fund (PXMNX) ratio of up-years vs down years is greater than 2
  • Asset base in Putnam MN Tax Exempt Income A Fund (PXMNX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Putnam MN Tax Exempt Income A Fund (PXMNX) has an annual stock turnover rate of 6.00% vs Muni Minnesota average of 8.07%. It is good that Putnam MN Tax Exempt Income A management does not trade extensively for its return.
  • Putnam MN Tax Exempt Income A Fund (PXMNX) is less volatile than its peers as it has a 3-year Standard Deviation of 3.03, lower than category average of 3.37
  • Putnam MN Tax Exempt Income A Fund (PXMNX) has a lower expense ratio than its Muni Minnesota average: 0.83% vs 0.96%

Putnam MN Tax Exempt Income A Fund (PXMNX) Weakness What we are cautious about Putnam MN Tax Exempt Income A (PXMNX) Fund

Data for Putnam MN Tax Exempt Income A Fund (PXMNX) as of May 30, 2016

  • Putnam MN Tax Exempt Income A Fund (PXMNX) has a less-than-ideal short-term performance (1-year return 4.19% vs 4.55% Muni Minnesota category median performance)
  • Putnam MN Tax Exempt Income A Fund (PXMNX) has a less-than-ideal mid-term performance (3-year return 3.13% vs 3.37% Muni Minnesota category median performance)
  • Putnam MN Tax Exempt Income A Fund (PXMNX) has a Morningstar rating of 3 and below
  • Putnam MN Tax Exempt Income A Fund (PXMNX) is less safe compared to its Muni Minnesota peers
  • Putnam MN Tax Exempt Income A Fund (PXMNX) carries a 4% load
See Putnam MN Tax Exempt Income A Fund (PXMNX) performance details as of May 30, 2016

 

What do you think?

 

Compare Putnam MN Tax Exempt Income A Fund (PXMNX)Compare with other top Muni Minnesota category mutual funds

Aadditional top Muni Minnesota mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Putnam MN Tax Exempt Income A1.944.193.134.42
Columbia Minnesota Tax-Exempt A (IMNTX)2.475.734.155.39Compare
Delaware MN High-Yield Muni Bd A (DVMHX)2.264.973.675.22Compare
Columbia Minnesota Tax-Exempt Z (CMNZX)2.765.994.415.65Compare

See top fund managers for Muni Minnesota Category Funds

 

Graph of Putnam MN Tax Exempt Income A Fund (PXMNX) Net Asset TrackingPutnam MN Tax Exempt Income A (PXMNX) Fund Net Asset

Track net asset change of Putnam MN Tax Exempt Income A fund (PXMNX)

DateNet Asset
05/2016$112.41M
03/2016$111.18M
02/2016$110.59M
More historic net asset information on Putnam MN Tax Exempt Income A Fund (PXMNX)

  

Graph of Putnam MN Tax Exempt Income A Fund (PXMNX) Portfolio TrackingPutnam MN Tax Exempt Income A (PXMNX) Fund Portfolio Allocation

Track portfolio allocation change of Putnam MN Tax Exempt Income A fund (PXMNX)

DateCashStockBondOther
03/20160%0%100%0%
12/20150.91%0%99.09%0%
09/20151.71%0%98.29%0%
Click here to see more historic asset allocation information on Putnam MN Tax Exempt Income A Fund (PXMNX)

 

graph of Putnam MN Tax Exempt Income A Fund (PXMNX) Top 10 Position TrackingTop 10 Holdings in Putnam MN Tax Exempt Income A (PXMNX) Fund

Discover what Putnam MN Tax Exempt Income A Fund (PXMNX) manager is buying

Mar 30, 2016
Maple Grove Minn Go Impt B 5% [1.95%]
Minnetonka Minn Indpt Sch Dist [1.58%]
Southern Minn Mun Pwr Agy Pwr Cap Appre [1.53%]
Hennepin Cnty Minn Sales Tax R Second 5% [1.47%]
Minnetonka Minn Indpt Sch Dist 5% [1.47%]
Maple Grove Minn Health Care S Hea 5.25% [1.41%]
Minnesota St Hsg Fin Agy Residenti 4.9% [1.33%]
Minneapolis & St Paul Minn Met Sr Arp 5% [1.26%]
Cloquet Minn Indpt Sch Dist 5% [1.23%]
St Paul Minn Port Auth 4.5% [1.22%]

Dec 30, 2015
Maple Grove Minn Go Impt B 5% [2.03%]
Minnetonka Minn Indpt Sch Dist [1.6%]
Minnetonka Minn Indpt Sch Dist 5% [1.52%]
Southern Minn Mun Pwr Agy Pwr Cap Appre [1.5%]
Hennepin Cnty Minn Sales Tax R Second 5% [1.49%]
Minnesota St Higher Ed Facs Au Rev Bd 6% [1.45%]
Maple Grove Minn Health Care S Hea 5.25% [1.43%]
Minnesota St Hsg Fin Agy Residenti 4.9% [1.38%]
Minneapolis & St Paul Minn Met Sr Arp 5% [1.31%]
Cloquet Minn Indpt Sch Dist 5% [1.26%]

Sep 29, 2015
Hennepin Cnty Minn Sales Tax R Second 5% [2.87%]
Maple Grove Minn Go Impt B 5% [2.01%]
Minnetonka Minn Indpt Sch Dist [1.58%]
Minnetonka Minn Indpt Sch Dist 5% [1.51%]
Minnesota St Higher Ed Facs Au Rev Bd 6% [1.47%]
Southern Minn Mun Pwr Agy Pwr Cap Appre [1.46%]
Maple Grove Minn Health Care S Hea 5.25% [1.44%]
Minnesota St Hsg Fin Agy Residenti 4.9% [1.36%]
Minneapolis & St Paul Minn Met Sr Arp 5% [1.28%]
St Paul Minn Port Auth 4.5% [1.25%]
Click here for Stock Holding Change Map in Putnam MN Tax Exempt Income A Fund (PXMNX)

  

Latest News on Putnam MN Tax Exempt Income A (PXMNX) Fund

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