Putnam NJ Tax Exempt Income R6 (PNJRX)
| Fund Assets | 144.54M |
| Expense Ratio | 0.58% |
| Min. Investment | $500 |
| Turnover | 20.00% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 3.38% |
| Dividend Growth | -1.45% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 8.67 |
| YTD Return | 0.12% |
| 1-Year Return | -0.30% |
| 5-Year Return | 3.33% |
| 52-Week Low | 8.30 |
| 52-Week High | 8.88 |
| Beta (5Y) | n/a |
| Holdings | 148 |
| Inception Date | May 22, 2018 |
About PNJRX
Putnam New Jersey Tax Exempt Income Fund is an actively managed municipal bond mutual fund focused on generating income that is exempt from federal and New Jersey state personal income taxes. The portfolio primarily holds investment‑grade New Jersey municipal securities with intermediate‑ to long‑term maturities, and it maintains a policy to invest at least 80% of net assets in tax‑exempt instruments. The fund targets diversified revenue sources across the state’s municipal market—such as general obligation, revenue, and essential‑service bonds—to balance income needs with credit quality considerations. It distributes income monthly and typically emphasizes high‑quality issuers to manage default risk while navigating interest‑rate sensitivity inherent in longer‑dated munis. The strategy serves investors seeking state‑specific tax efficiency and exposure to New Jersey’s public finance ecosystem, including sectors like transportation, education, healthcare, and utilities. As part of a broader municipal lineup, the fund plays a role in providing state‑level diversification and potential after‑tax income optimization within fixed income allocations.
Performance
PNJRX had a total return of -0.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.85%.
Top 10 Holdings
21.16% of assets| Name | Symbol | Weight |
|---|---|---|
| PORT AUTH N Y & N J | NY.PORTRN 6.12 06.01.2094 | 3.43% |
| NEW JERSEY ST TRANSN TR FD AUTH | NJ.NJSTRN 5.25 06.15.2050 | 2.78% |
| HUDSON CNTY N J IMPT AUTH LEASE REV | NJ.HUDGEN 3 10.01.2035 | 2.19% |
| NEW JERSEY ECONOMIC DEV AUTH REV | NJ.NJSDEV 5 11.01.2026 | 2.11% |
| GLOUCESTER CNTY N J IMPT AUTH REV | NJ.GLOGEN 5 07.01.2054 | 2.06% |
| Net Cash | n/a | 1.98% |
| BASTROP TEX INDPT SCH DIST | TX.BASSCD 5 02.15.2053 | 1.79% |
| SOUTH JERSEY TRANSN AUTH N J TRANSN SYS REV | NJ.SJPTRN 5.25 11.01.2052 | 1.74% |
| NEW JERSEY ST EDL FACS AUTH REV | NJ.NJSEDU 4 07.01.2050 | 1.70% |
| PORT AUTH N Y & N J | NY.PORTRN 5 11.01.2044 | 1.38% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.0271 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02445 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02368 | Jun 30, 2025 |
| May 30, 2025 | $0.02605 | May 30, 2025 |
| Apr 30, 2025 | $0.02405 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02295 | Mar 31, 2025 |