Putnam New Jersey Tax Exempt Income Fund Class A (PTNJX)
| Fund Assets | 146.46M |
| Expense Ratio | 0.84% |
| Min. Investment | $500 |
| Turnover | 13.00% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 2.91% |
| Dividend Growth | -0.38% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 8.45 |
| YTD Return | -1.62% |
| 1-Year Return | -1.24% |
| 5-Year Return | 0.12% |
| 52-Week Low | 8.29 |
| 52-Week High | 8.87 |
| Beta (5Y) | n/a |
| Holdings | 144 |
| Inception Date | Feb 20, 1990 |
About PTNJX
Putnam New Jersey Tax Exempt Income Fund Class A is a municipal bond mutual fund designed to provide investors with a high level of current income that is exempt from both federal income tax and New Jersey state personal income tax. The fund primarily invests in a diversified portfolio of municipal bonds issued within the state of New Jersey, targeting securities that finance public projects such as infrastructure, schools, and transportation within the state. Its primary purpose is to offer tax-advantaged income to residents of New Jersey or investors impacted by New Jersey taxes, making it particularly relevant for those seeking to preserve capital while maintaining a focus on tax efficiency. The fund is actively managed, with portfolio managers selecting holdings to mitigate credit risk and capitalize on local market opportunities. It features over 140 individual bond holdings and has a relatively low portfolio turnover, emphasizing stability and long-term income generation. The Putnam New Jersey Tax Exempt Income Fund Class A plays a significant role in the municipal bond market by supporting community development projects while meeting the needs of investors looking for tax-exempt income.
Performance
PTNJX had a total return of -1.24% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.57%.
Top 10 Holdings
21.94% of assets| Name | Symbol | Weight |
|---|---|---|
| PORT AUTH N Y & N J 6.125% | NY.PORTRN 6.12 06.01.2094 | 3.42% |
| NEW JERSEY ST TRANSN TR FD AUTH 5.25% | NJ.NJSTRN 5.25 06.15.2050 | 2.81% |
| Net Cash | n/a | 2.64% |
| HUDSON CNTY N J IMPT AUTH LEASE REV 3% | NJ.HUDGEN 3 10.01.2035 | 2.22% |
| NEW JERSEY ECONOMIC DEV AUTH REV 5% | NJ.NJSDEV 5 11.01.2026 | 2.11% |
| GLOUCESTER CNTY N J IMPT AUTH REV 5% | NJ.GLOGEN 5 07.01.2054 | 2.07% |
| BASTROP TEX INDPT SCH DIST 5% | TX.BASSCD 5 02.15.2053 | 1.81% |
| SOUTH JERSEY TRANSN AUTH N J TRANSN SYS REV 5.25% | NJ.SJPTRN 5.25 11.01.2052 | 1.75% |
| NEW JERSEY ST EDL FACS AUTH REV 4% | NJ.NJSEDU 4 07.01.2050 | 1.74% |
| PORT AUTH N Y & N J 5% | NY.PORTRN 5 11.01.2044 | 1.39% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.02199 | Jun 30, 2025 |
| May 30, 2025 | $0.02423 | May 30, 2025 |
| Apr 30, 2025 | $0.02228 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02117 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02302 | Feb 28, 2025 |
| Jan 31, 2025 | $0.02304 | Jan 31, 2025 |