Putnam PA Tax Exempt Income R6 (PPTRX)
| Fund Assets | 93.45M |
| Expense Ratio | 0.61% |
| Min. Investment | $500 |
| Turnover | 11.00% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | 8.87% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 8.64 |
| YTD Return | 3.34% |
| 1-Year Return | 4.53% |
| 5-Year Return | 6.29% |
| 52-Week Low | 8.00 |
| 52-Week High | 8.65 |
| Beta (5Y) | n/a |
| Holdings | 102 |
| Inception Date | May 22, 2018 |
About PPTRX
The Putnam Pennsylvania Tax Exempt Income Fund Class R6 is an actively managed municipal bond mutual fund. Its primary purpose is to provide investors with current income exempt from federal income tax and, to the extent possible, Pennsylvania state personal income tax. The fund accomplishes this by investing chiefly in investment-grade municipal securities issued by Pennsylvania state and local governments, agencies, or other qualifying entities. Key features of the fund include broad sector allocation, with significant exposure to health care, education, local general obligation, and transportation sectors. The portfolio’s credit quality is concentrated in AA, A, and BBB rated bonds, and it maintains a relatively long weighted average maturity to capture stable income over time. With over 100 holdings and a moderate effective duration, the fund aims to balance income generation with interest rate risk, serving as a valuable tool for investors seeking tax-efficient income within the Pennsylvania municipal market. Its monthly dividend distributions and institutional R6 share class structure make it suited for sophisticated investors, such as retirement plans, with an emphasis on cost efficiency and professional management.
Performance
PPTRX had a total return of 4.53% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.58%.
Top 10 Holdings
21.68% of assets| Name | Symbol | Weight |
|---|---|---|
| PHILADELPHIA PA GAS WKS REV | PA.PHIUTL 5 08.01.2047 | 2.69% |
| INTERBORO SCH DIST PA DELAWARE CNTY | PA.INTSCD 5.5 08.15.2063 | 2.56% |
| PENNSYLVANIA ST UNIV | PA.PSUHGR 5 09.01.2045 | 2.42% |
| Net Cash | n/a | 2.33% |
| WILKES-BARRE PA AREA SCH DIST | PA.WILSCD 5 04.15.2059 | 2.16% |
| PENNSYLVANIA ECONOMIC DEV FING AUTH UPMC REV | PA.PASMED 5 02.15.2038 | 1.99% |
| SOUTHEASTERN PA TRANSN AUTH REV | PA.SEPTRN 5.25 06.01.2052 | 1.94% |
| ALLEGHENY CNTY PA HOSP DEV AUTH REV | PA.ALLMED 4 04.01.2044 | 1.93% |
| PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV | PA.PASTRN 0 12.01.2038 | 1.85% |
| Pennsylvania St Tpk Commn Tpk Bds | PA.PASTRN 5.25 12.01.2055 | 1.80% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 31, 2025 | $0.03101 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02487 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0273 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02476 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02383 | Jun 30, 2025 |
| May 30, 2025 | $0.02612 | May 30, 2025 |