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Putnam NJ Tax Exempt Income C (PNJCX)

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8.620.00 (0.00%)
At close: 08:00PM EDT

Putnam NJ Tax Exempt Income C

Boston MA 02109

One Post Office Square

Putnam New Jersey Tax Exempt Income Fund

Management information
Paul M. Drury,Lead manager since 30 July 2002
Paul M. Drury is a Portfolio Manager in the Tax Exempt Fixed Income group. In this role, he is responsible for managing several sectors within the municipal market. He is also a Portfolio Manager of Putnam’s taxexempt funds. Mr. Drury, a CFA charterholder, has been in the investment industry since he joined Putnam in 1989.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryMuni New Jersey
Fund familyFranklin Templeton Investments
Net assets136.91M
YTD return-0.25%
Yield2.31%
Morningstar rating★
Inception date2 Oct 2006

Fund operations

Last dividend0.05
Last cap gain-4.00
Holdings turnover18.00%
Average for categoryN/A

Fees and expenses

ExpensePNJCXCategory average
Annual report expense ratio (net)1.61%1.20%
Prospectus net expense ratio1.61%N/A
Prospectus gross expense ratio1.61%N/A
Max 12b1 feeN/AN/A
Max front end sales loadN/A3.93%
Max deferred sales loadN/A1.40%
3-yr expense projection0N/A
5-yr expense projection0N/A
10-yr expense projection0N/A