Putnam New Jersey Tax Exempt Income Fund (PTNJX)
The fund invests mainly in bonds that pay interest that is exempt from federal income tax and New Jersey 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
US7469151077
746915107
Feb 19, 1990
$0
Expense Ratio
PTNJX has an expense ratio of 0.82%, 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 New Jersey Tax Exempt Income Fund (PTNJX) returned -1.87% year-to-date (YTD) and 1.55% over the past 12 months. Over the past 10 years, PTNJX returned 2.01% annually, underperforming the S&P 500 benchmark at 10.85%.
PTNJX
-1.87%
-0.71%
-3.08%
1.55%
1.77%
1.09%
2.01%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of PTNJX, 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 | 0.27% | 1.07% | -1.93% | -0.56% | -0.71% | -1.87% | |||||||
| 2024 | -0.21% | 0.25% | -0.09% | -1.24% | -0.08% | 1.53% | 0.83% | 0.73% | 1.04% | -1.33% | 1.64% | -1.24% | 1.79% |
| 2023 | 3.17% | -2.27% | 2.13% | -0.01% | -0.92% | 0.85% | 0.35% | -1.25% | -2.66% | -1.32% | 6.05% | 2.58% | 6.53% |
| 2022 | -2.52% | -0.67% | -2.81% | -3.11% | 1.04% | -1.71% | 2.69% | -2.17% | -3.95% | -0.73% | 5.17% | 0.02% | -8.76% |
| 2021 | 1.02% | -1.65% | 0.63% | 1.04% | 0.39% | 0.40% | 0.61% | -0.33% | -0.73% | -0.32% | 0.83% | 0.00% | 1.86% |
| 2020 | 1.71% | 1.35% | -5.26% | -2.29% | 3.02% | 1.74% | 2.15% | -0.13% | -0.01% | -0.21% | 1.90% | 1.12% | 4.90% |
| 2019 | 0.69% | 0.47% | 1.46% | 0.36% | 1.45% | 0.33% | 0.88% | 1.52% | -0.73% | 0.11% | 0.12% | 0.34% | 7.19% |
| 2018 | -0.93% | -0.38% | 0.39% | -0.41% | 1.04% | 0.17% | 0.35% | 0.18% | -0.54% | -0.74% | 0.94% | 1.03% | 1.08% |
| 2017 | 0.17% | 0.61% | 0.18% | 0.69% | 1.47% | -0.26% | 0.58% | 1.13% | -0.27% | 0.47% | -0.17% | 0.86% | 5.57% |
| 2016 | 0.90% | 0.09% | 0.59% | 0.71% | 0.37% | 1.54% | -0.17% | 0.15% | -0.25% | -0.81% | -3.67% | 0.85% | 0.19% |
| 2015 | 1.64% | -1.06% | 0.18% | -0.77% | -0.27% | -0.45% | 0.50% | -0.15% | 0.93% | 0.38% | 0.28% | 0.82% | 2.02% |
| 2014 | 2.07% | 1.17% | 0.08% | 1.06% | 1.48% | -0.24% | 0.07% | 1.25% | 0.18% | 0.60% | 0.16% | 0.71% | 8.91% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PTNJX is 23, meaning it’s performing worse than 77% 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 New Jersey Tax Exempt Income Fund (PTNJX) 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 New Jersey Tax Exempt Income Fund provided a 3.15% dividend yield over the last twelve months, with an annual payout of $0.27 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.26 | $0.27 | $0.24 | $0.23 | $0.24 | $0.26 | $0.30 | $0.31 | $0.31 | $0.32 | $0.33 |
Dividend yield | 3.15% | 3.04% | 3.01% | 2.81% | 2.38% | 2.52% | 2.80% | 3.26% | 3.32% | 3.46% | 3.38% | 3.52% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam New Jersey 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 | $0.03 | $0.27 |
| 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 | $0.24 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.24 |
| 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 | $0.26 |
| 2018 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.30 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.04 | $0.31 |
| 2016 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.04 | $0.31 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.33 |
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 New Jersey 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 New Jersey Tax Exempt Income Fund was 14.26%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Putnam New Jersey Tax Exempt Income Fund drawdown is 3.55%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.26% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -12.28% | Mar 10, 2020 | 9 | Mar 20, 2020 | 170 | Nov 19, 2020 | 179 |
| -11.77% | Oct 18, 1993 | 285 | Nov 18, 1994 | 123 | May 10, 1995 | 408 |
| -10.91% | Sep 12, 2008 | 25 | Oct 16, 2008 | 124 | Apr 16, 2009 | 149 |
| -8.73% | Dec 10, 2012 | 188 | Sep 9, 2013 | 246 | Aug 29, 2014 | 434 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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