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Morningstar

Putnam CA Tax Exempt Income A PCTEX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 7.37  /  +0.01 %
  • Total Assets 758.7 Mil
  • Adj. Expense Ratio
    0.890%
  • Expense Ratio 0.890%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.08%
  • Effective Duration 9.55 years

USD | NAV as of Jul 02, 2024 | 1-Day Return as of Jul 02, 2024, 10:13 PM GMT+0

Morningstar’s Analysis PCTEX

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

  • People Pillar

    The People Pillar is our evaluation of the PCTEX 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 PCTEX’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 A to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PCTEX

More PCTEX 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