Putnam Minnesota Tax Fund Quote
| PXMNX Fund | USD 8.70 0.01 0.11% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Putnam Minnesota is trading at 8.70 as of the 9th of June 2024; that is -0.11 percent decrease since the beginning of the trading day. The fund's open price was 8.71. Putnam Minnesota has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Putnam Minnesota Tax are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 10th of May 2024 and ending today, the 9th of June 2024. Click here to learn more.
The fund invests mainly in bonds that pay interest that is exempt from federal income tax and Minnesota personal income tax , are investment-grade in quality, and have intermediate- to long-term maturities . It invests at least 80 percent of the funds net assets in tax-exempt investments.. More on Putnam Minnesota Tax
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Putnam Mutual Fund Highlights
| Fund Concentration | Putnam Funds, Large Funds, Muni Minnesota Funds, Muni Minnesota, Putnam (View all Sectors) |
| Update Date | 30th of June 2024 |
| Expense Ratio Date | 30th of September 2022 |
| Fiscal Year End | May |
Putnam Minnesota Tax [PXMNX] is traded in USA and was established 9th of June 2024. Putnam Minnesota is listed under Putnam category by Fama And French industry classification. The fund is listed under Muni Minnesota category and is part of Putnam family. This fund at this time has accumulated 170.48 M in assets with no minimum investment requirementsPutnam Minnesota Tax is currently producing year-to-date (YTD) return of 0.05% with the current yeild of 0.01%, while the total return for the last 3 years was -1.3%.
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Instrument Allocation
Putnam Minnesota Tax Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Putnam Minnesota market risk premium is the additional return an investor will receive from holding Putnam Minnesota long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Putnam Minnesota. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Putnam Minnesota's alpha and beta are two of the key measurements used to evaluate Putnam Minnesota's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1585 | |||
| Standard Deviation | 0.203 | |||
| Variance | 0.0412 | |||
| Risk Adjusted Performance | (0.05) |
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Other Information on Investing in Putnam Mutual Fund
Putnam Minnesota financial ratios help investors to determine whether Putnam Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Putnam with respect to the benefits of owning Putnam Minnesota security.
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