Fund Research for Putnam Tax Exempt Income A (PTAEX)

  • Fund Overview

    Fund Inception Date: Dec 31, 1976
    Category: Muni National Long
    Overall Risk: Average
    Fund Family: Putnam
    Return Since Inception: 6.88%
    YTD Return: 17.10%
    Yield (TTM): 4.57%
    Net Assets: 1.13 B
    Morningstar Rating:
    3 of 5
    The investment seeks a high a level of current income exempt from federal income tax as to be consistent with preservation of capital. The fund normally invests at least 80% of the fund’s net assets in tax exempt investments. It invests mainly in bonds that are investment-grade in quality, and have intermediate to long-term maturities (three years or longer).

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    Details
    Average Eff Duration 6.08 Yrs
    Average Eff Maturity 8.42 Yrs
    Average Credit Quality A
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/25/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/1998 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 17.10% 15.56% 2.83% 3.35% 4.81% 6.88%
    +/- Category 0.77% -0.03% 0.94% 0.50% 0.24% —
    +/- Barclays Municipal TR USD — — — — 5.66% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 12.46% 9.93% 1.59% 2.49% 4.38% 6.74%
    Quarter (as of 09/30/2009) 14.99% 9.45% 2.50% 3.11% 4.45% 6.83%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/25/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/25/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 12/31/1976
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    General Obligations 5.80%
    Advanced Refunded 2.20%
    State Appropriated Tobacco 0.00%
    Non-state Appropriated Tobacco 2.16%
    Education 7.41%
    Health 6.42%
    Housing 3.08%
    Industrial 3.44%
    Transportation 3.31%
    Utilities 1.40%
    Water/Sewer 2.15%
    Misc. Revenue 14.67%
    Bond Quality
    AAA —
    AA —
    A —
    BBB —
    BB —
    B —
    Below B 0.00%
    Not Rated 0.24%

    Asset Allocation

    Short Long Net Assets
    Cash — 1.54% 1.54%
    Stocks — 0.00% 0.00%
    Bonds — 98.46% 98.46%
    Other — 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 — 0.00% 0.00%
    Data as of 09/30/2009 Data as of 09/30/2009 View Fund Portfolio

    Top 10 Holdings

    Maturity Date Total Holdings Value of Holdings Net Assets
    = Buckeye Ohio Tob Settlement Fi Tob 5.75% 06/01/2034 34.1 M 31.97 M 2.64%
    = New York St Dorm Auth 5.5% 05/15/2019 23.1 M 26.53 M 2.19%
    = Hernando Cnty Fla Rev Fixed Rt 7.65% 07/01/2016 18.5 M 22.87 M 1.89%
    = Texas St G.O. Ref 6.2% 09/30/2011 20.8 M 21.95 M 1.81%
    - Henrico Cnty Va Indl Dev Auth 08/23/2027 19.5 M 21.23 M 1.75%
    = Puerto Rico Sales Tax Fing Cor Rev Bd 6% 08/01/2042 15 M 16.49 M 1.36%
    + Cash — 16.24 M 16.24 M 1.34%
    = New York St Dorm Auth 5.75% 07/01/2018 12.48 M 14.39 M 1.19%
    = California St Go Bds 5.75% 04/01/2031 13 M 14.11 M 1.16%
    = New York St Dorm Auth 6% 07/01/2020 10.9 M 13.15 M 1.09%
    + Increase - Decrease = No change * New since last portfolio
    Data as of 09/30/2009
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial 4.00%
    Deferred —
    Taken from prospectus dated 08/01/2009
    Expense Ratio (based on net assets) 0.82%
    Taken from annual report dated 09/30/2008

  • Fund Management