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% (1Y)
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 assetsName | 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% |
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 |