- Fund Type: Open-End Fund
- Objective: Muni-Michigan
- Asset Class: Debt
- Geographic Focus: Michigan
Putnam Michigan Tax Exempt Income Fund
+ Add to WatchlistPMEBX:US
9.50 USD 0.000.00%As of 09:29:30 ET on 05/17/2013.
Snapshot for Putnam Michigan Tax Exempt Income Fund (PMEBX)
| Year To Date: | +0.99% | 3-Month: | +0.54% | 3-Year: | +5.00% | 52-Week Range: | 9.39 - 9.63 |
|---|---|---|---|---|---|---|---|
| 1-Month: | +0.09% | 1-Year: | +3.43% | 5-Year: | +4.46% | Beta vs LMBITR: | 1.00 |
Fund Profile & Information for PMEBX
Putnam Michigan Tax Exempt Income Fund is an open-end fund incorporated in the USA. The Fund's objective seeks current income exempt from federal and Michigan income taxes. The Fund invests mainly in investment-grade bonds that have intermediate to long-term maturities. It normally invests at least 80% of its assets in tax exempt securities.
| Inception Date: | 07-15-1993 | Telephone: | 1-800-225-1581 |
|---|---|---|---|
| Managers: | THALIA MEEHAN / PAUL DRURY | ||
| Web Site: | www.putnam.com | ||
Fundamentals for PMEBX
| NAV | (on 2013-05-17) 9.50 |
|---|---|
| Assets (M) | (on 2013-04-30) 83.01 |
| Fund Leveraged | N |
| Minimum Investment | 500.00 |
| Minimum Subsequent Investment | 0.00 |
Dividends for PMEBX
| Dividend Type | Daily Accrual |
|---|---|
| Dividend Frequency | Monthly |
| Last Dividend Net | (on 2013-05-17) 0.00 |
| Dividend Yield (ttm) | 2.66 |
Fees & Expenses for PMEBX
| Front Load | 0.00 |
|---|---|
| Back Load | 5.00 |
| Current Mgmt Fee | 0.44 |
| Redemption Fee | 0.00 |
| 12b1 Fee | 0.85 |
| Expense Ratio | 1.48 |
Top Fund Holdings for PMEBX
Filing Date: 03/31/2013| Name | Position | Value | % of Total |
|---|---|---|---|
| MI STRAT FD-WORTHINGT | 3,000 | 3,761,820 | 4.605% |
| MI HGR ED VAR-REF-DET | 3,520 | 3,520,000 | 4.309% |
| MI BLDG | 2,000 | 2,364,160 | 2.894% |
| KALAMAZOO HOSP REF-A | 2,000 | 2,169,580 | 2.656% |
| GIBRALTAR SD-SCH BLDG | 2,000 | 2,102,400 | 2.574% |
| MI STRAT REF DETRO-BB | 1,500 | 1,960,185 | 2.400% |
| MARYSVL SCHS BLDG/SIT | 1,640 | 1,853,020 | 2.269% |
| MI STRAT FD HOUSE -A | 1,500 | 1,712,745 | 2.097% |
| ROSEVILLE SD REF | 1,500 | 1,656,840 | 2.028% |
| FLAT ROCK CMNTY SD | 1,425 | 1,643,068 | 2.012% |
Quotes delayed, except where indicated otherwise. Mutual fund NAVs include dividends. All prices in local currency. Time is ET.
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