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Morningstar

Putnam CA Tax Exempt Income R6 PCLGX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 7.40  /  +0.14 %
  • Total Assets 758.7 Mil
  • Adj. Expense Ratio
    0.640%
  • Expense Ratio 0.640%
  • Distribution Fee Level High
  • Share Class Type Retirement, Large
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.33%
  • Effective Duration 9.55 years

USD | NAV as of Jul 02, 2024 | 1-Day Return as of Jul 02, 2024, 10:18 PM GMT+0

Morningstar’s Analysis PCLGX

Will PCLGX 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 PCLGX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PCLGX 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 PCLGX’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 CA Tax Exempt Income R6 to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PCLGX

More PCLGX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 2.5%

2.18 16.5 Mil
municipal

Net Cash

2.15 16.2 Mil
Cash and Equivalents

CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV 5%

1.89 14.3 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

1.53 11.6 Mil
municipal

TOBACCO SECURITIZATION AUTH SOUTHN CALIF TOB SETTLEMENT REV 5%

1.36 10.3 Mil
municipal

UNIVERSITY CALIF REVS 5%

1.26 9.5 Mil
municipal

LOS ANGELES CALIF DEPT WTR & PWR WTRWKS REV 5%

1.19 9.0 Mil
municipal

SAN DIEGO CALIF PUB FACS FING AUTH LEASE REV 5.25%

1.17 8.8 Mil
municipal

MORENO VALLEY CALIF UNI SCH DIST 5.25%

1.15 8.7 Mil
municipal

FRETE 2019-ML05 TR 3.35%

1.14 8.6 Mil
municipal