Putnam Minnesota Tax Exempt Income Fund Class R6 (PMVTX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
8.75
+0.01 (0.11%)
Feb 14, 2025, 9:32 AM EST
-0.57%
Fund Assets 139.21M
Expense Ratio 0.58%
Min. Investment $500
Turnover n/a
Dividend (ttm) 0.27
Dividend Yield 3.07%
Dividend Growth 8.66%
Payout Frequency Monthly
Ex-Dividend Date Jan 31, 2025
Previous Close 8.74
YTD Return 0.11%
1-Year Return 2.36%
5-Year Return 2.70%
52-Week Low n/a
52-Week High n/a
Beta (5Y) n/a
Holdings 183
Inception Date May 22, 2018

About PMVTX

PMVTX was founded on 2018-05-22 and is currently managed by Hamilton,Drury. The Fund's investment strategy focuses on MN Municipal Debt with 0.57% total expense ratio. The minimum amount to invest in Putnam Minnesota Tax Exempt Income Fund; Class R6 Shares is $500 on a standard taxable account. Putnam Minnesota Tax Exempt Income Fund; Class R6 Shares seeks a high level of current income exempt from federal and Minnesota state income taxes as is believed to be consistent with preservation of capital.

Category Muni Minnesota
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PMVTX
Index Bloomberg Municipal Bond TR

Performance

PMVTX had a total return of 2.36% in the past year. Since the fund's inception, the average annual return has been 1.77%, including dividends.

Top 10 Holdings

19.73% of assets
Name Symbol Weight
MINNESOTA ST HIGHER ED FACS AUTH REV 4% MN MNSHGR 4 10.01.2046 2.49%
MINNEAPOLIS MINN HEALTH CARE SYS REV 4% MN MINMED 4 11.15.2040 2.34%
MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV 4% MN MGAUTL 12.01.2052 2.12%
MINNESOTA ST CTFS PARTN 5% MN MNSCTF 5 11.01.2040 2.04%
MINNEAPOLIS MINN MULTIFAMILY REV 2.35% MN MINMFH 2.35 02.01.2038 1.91%
WESTERN MINN MUN PWR AGY MINN PWR SUPPLY REV 5% MN WESPWR 5 01.01.2049 1.90%
ANOKA-HENNEPIN MINN INDPT SCH DIST NO 11 3% MN ANOSCD 3 02.01.2045 1.80%
MINNESOTA ST CTFS PARTN 5% MN MNSCTF 5 11.01.2041 1.74%
HENNEPIN CNTY MINN 5% MN HEN 5 12.15.2035 1.72%
HENNEPIN CNTY MINN REGL RR AUTH 5% MN HENTRN 5 12.01.2035 1.68%
View More Holdings

Dividend History

Ex-Dividend Amount Pay Date
Jan 31, 2025 $0.02354 Jan 31, 2025
Dec 31, 2024 $0.02179 Dec 31, 2024
Nov 29, 2024 $0.02319 Nov 29, 2024
Oct 31, 2024 $0.02238 Oct 31, 2024
Sep 30, 2024 $0.02114 Sep 30, 2024
Aug 30, 2024 $0.02391 Aug 30, 2024
Full Dividend History