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How is Putnam New York Tax Exempt Income A Fund (PTEIX) Performing?

Putnam NY Tax Exempt Income A ( PTEIX ) a Zacks Ranked #2 (Buy) seeks high level of current income exempt from federal income tax and New York State and City personal income taxes as the management believes to be consistent with preservation of capital. PTEIX invests mainly in bonds that pay interest that is exempt from federal income tax and New York State and City personal income taxes but that may be subject to federal alternative minimum tax, are investment-grade in quality and have intermediate to long-term maturities. Dividends are distributed monthly. Capital gains are distributed annually.

The Putnam NY Tax Exempt Income A fund, managed by Putnam Funds , carries an expense ratio of 0.74.

PTEIX has a history of strong positive total returns for over 10 years. Specifically, the fund's returns over the 1, 3, 5 year benchmarks; 1 year 2.44%, 3 year 1.93%, and 5 year 2.43%. To see how this fund performed compared in its category, please click here .

PTEIX's performance, as of the last filing, when compared to funds in its category was in the top 34% in 1 year, top 45% over the past 3 years, and in the 74% over the past 5 years.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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