Putnam Pennsylvania Tax Exempt Income Fund (PTEPX)
The investment seeks as high a level of current income exempt from federal income tax and Pennsylvania personal income tax as the advisor believes is consistent with preservation of capital. The fund invests mainly in bonds that pay interest that is exempt from federal income tax and Pennsylvania personal income tax (but that may be subject to federal alternative minimum tax (AMT)), are investment-grade in quality, and have intermediate- to long-term maturities (i.e., three years or longer). It invests at least 80% of the fund's net assets in tax-exempt investments.
Fund Info
US7468521023
746852102
Jul 20, 1989
$0
Expense Ratio
PTEPX has an expense ratio of 0.83%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Putnam Pennsylvania Tax Exempt Income Fund (PTEPX) returned -2.19% year-to-date (YTD) and 1.75% over the past 12 months. Over the past 10 years, PTEPX returned 1.76% annually, underperforming the S&P 500 benchmark at 10.84%.
PTEPX
-2.19%
0.03%
-3.14%
1.75%
1.42%
0.49%
1.76%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of PTEPX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.16% | 1.09% | -1.70% | -1.03% | -0.72% | -2.19% | |||||||
| 2024 | 0.00% | 0.01% | 0.12% | -1.38% | 0.15% | 2.02% | 1.07% | 0.74% | 1.16% | -1.56% | 1.78% | -1.47% | 2.59% |
| 2023 | 3.20% | -2.55% | 1.91% | -0.14% | -0.94% | 0.84% | 0.22% | -1.42% | -3.23% | -1.87% | 7.39% | 2.97% | 6.07% |
| 2022 | -2.55% | -0.59% | -2.86% | -3.28% | 1.12% | -2.21% | 2.92% | -2.32% | -4.47% | -1.51% | 5.50% | 0.11% | -10.08% |
| 2021 | 0.68% | -1.29% | 0.61% | 1.03% | 0.47% | 0.48% | 0.80% | -0.46% | -0.77% | -0.25% | 0.80% | -0.08% | 2.00% |
| 2020 | 1.82% | 1.26% | -3.47% | -2.20% | 2.98% | 1.27% | 1.81% | -0.35% | 0.08% | -0.23% | 1.46% | 0.82% | 5.19% |
| 2019 | 0.57% | 0.47% | 1.46% | 0.45% | 1.45% | 0.43% | 0.65% | 1.74% | -0.66% | 0.10% | 0.11% | 0.21% | 7.18% |
| 2018 | -1.20% | -0.31% | 0.47% | -0.32% | 0.92% | 0.03% | 0.11% | 0.15% | -0.67% | -0.67% | 0.94% | 1.12% | 0.55% |
| 2017 | 0.37% | 0.49% | 0.05% | 0.68% | 1.13% | -0.05% | 0.45% | 0.68% | -0.19% | 0.23% | -0.09% | 0.91% | 4.75% |
| 2016 | 0.90% | 0.29% | 0.47% | 0.59% | 0.35% | 1.45% | -0.17% | 0.15% | -0.47% | -0.73% | -3.00% | 0.59% | 0.37% |
| 2015 | 1.65% | -0.90% | 0.27% | -0.48% | -0.08% | -0.25% | 0.60% | 0.16% | 0.49% | 0.26% | 0.39% | 0.48% | 2.61% |
| 2014 | 1.79% | 1.09% | 0.41% | 1.08% | 1.51% | -0.03% | 0.18% | 1.16% | 0.28% | 0.72% | 0.15% | 0.73% | 9.44% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PTEPX is 21, meaning it’s performing worse than 79% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Putnam Pennsylvania Tax Exempt Income Fund (PTEPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Putnam Pennsylvania Tax Exempt Income Fund provided a 3.26% dividend yield over the last twelve months, with an annual payout of $0.27 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.26 | $0.24 | $0.21 | $0.18 | $0.21 | $0.24 | $0.27 | $0.27 | $0.29 | $0.30 | $0.32 |
Dividend yield | 3.26% | 3.03% | 2.75% | 2.48% | 1.88% | 2.25% | 2.61% | 3.00% | 2.96% | 3.22% | 3.22% | 3.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Pennsylvania Tax Exempt Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.09 | |||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.18 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2016 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2015 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.30 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.32 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam Pennsylvania Tax Exempt Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam Pennsylvania Tax Exempt Income Fund was 15.91%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Putnam Pennsylvania Tax Exempt Income Fund drawdown is 5.02%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.91% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -11.51% | Sep 12, 2008 | 25 | Oct 16, 2008 | 126 | Apr 20, 2009 | 151 |
| -10.96% | Mar 10, 2020 | 9 | Mar 20, 2020 | 95 | Aug 5, 2020 | 104 |
| -9.84% | Feb 3, 1994 | 208 | Nov 21, 1994 | 83 | Mar 16, 1995 | 291 |
| -8.07% | May 3, 2013 | 89 | Sep 9, 2013 | 230 | Aug 7, 2014 | 319 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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