Putnam AZ Tax Exempt Income B
Putnam Investment Management Co., One Post Office Square, Boston, MA 02109, USA
Phone: 800-225-1581
| Category: | Muni Single State Long | | Fund Family: | Putnam | | Net Assets: | 3.84M | | Year-to-Date Return: | 8.29% | | Yield: | 3.88% | | Morningstar Rating: |  | | Fund Inception Date: | 15-Jul-93 |
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Thalia Meehan
Lead Manager since
31-Dec-06 | | | Meehan is a managing director and team leader of the Tax Exempt team. In addition to managing Putnam's Tax Exempt team, she is a portfolio leader of the Tax Exempt Income Fund, the AMT-Free Insured Municipal Fund, and all state funds, including closed-end funds. Ms. Meehan, who joined Putnam's Tax Exempt Bond Group in 1989, has 24 years of investment industry experience. |
| Min Initial Investment: | $500 | | Min Initial Investment, IRA: | NaN | | Min Initial Investment, AIP: | $0 | | Min Subsequent Investment: | $0 | | Min Subsequent Investment, IRA: | N/A | | Min Subsequent Investment, AIP: | N/A |
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| The investment seeks as high a level of current income exempt from federal income tax and personal income tax of its respective state as we believe is consistent with preservation of capital. The fund invest mainly in bonds that pay interest that is exempt from federal income tax and personal income tax of its respective state, but that may be subject to federal alternative minimum tax. Besides, bonds are investment-grade in quality and have intermediate -to long-term maturities (three year or longer). The fund normally invests at least 80% of net assets in tax exempt securities. |
| Last Dividend
(30-Jun-09):
| 0.03 | | Last Cap Gain
(30-Dec-08):
| 0.02 | | Annual Holdings Turnover
| N/A | | Average for Category:
| 19.41% |
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| Expense | PAZBX | Category
Avg | | Total Expense Ratio: | 1.42%
| 1.03% | | Max 12b1 Fee: | 0.85%
| N/A | | Max Front End Sales Load: | %
| 4.42% | | Max Deferred Sales Load: | 5.00%
| 2.62% | | 3 Yr Expense Projection*: |
$785 | $650 | | 5 Yr Expense Projection*: |
$1,050 | $931 | | 10 Yr Expense Projection*: |
$1,703 | $1,713 |
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0.01 (0.11%)
