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Morningstar

Putnam OH Tax Exempt Income A PXOHX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.33  /  +0.01 %
  • Total Assets 85.0 Mil
  • Adj. Expense Ratio
    0.910%
  • Expense Ratio 0.910%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni Ohio
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.75%
  • Effective Duration 7.12 years

USD | NAV as of Jul 02, 2024 | 1-Day Return as of Jul 02, 2024, 10:17 PM GMT+0

Morningstar’s Analysis PXOHX

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

  • People Pillar

    The People Pillar is our evaluation of the PXOHX 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 PXOHX’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 OH 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-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PXOHX

More PXOHX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 22.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

HAMILTON CNTY OHIO SALES TAX 0%

3.46 2.9 Mil
municipal

CLEVELAND OHIO PUB PWR SYS REV 0%

3.33 2.8 Mil
municipal

FRANKLIN CNTY OHIO REV 5%

2.92 2.5 Mil
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 3%

2.58 2.2 Mil
municipal

OHIO ST HIGHER EDL FAC COMMN REV 5.25%

2.53 2.2 Mil
municipal

NORTH ROYALTON OHIO CITY SCH DIST 5%

2.36 2.0 Mil
municipal

LAKE CNTY OHIO CMNTY COLLEGE DIST CTFS PARTN 4%

2.16 1.8 Mil
municipal

WHITING IND ENVIRONMENTAL FACS REV 5%

1.79 1.5 Mil
municipal

CUYAHOGA CNTY OHIO ECONOMIC DEV REV 5%

1.76 1.5 Mil
municipal

COLUMBUS OHIO SWR REV 3.31%

1.68 1.4 Mil
municipal