Sector Allocation - PXMIX
as of 05/31/2013
| Basic Materials | -- | |
|---|---|---|
| Consumer Cyclical | -- | |
| Financial Services | -- | |
| Real Estate | -- | |
| Consumer Defensive | -- | |
| Healthcare | -- | |
| Utilities | -- | |
| Communication Services | -- | |
| Energy | -- | |
| Industrials | -- | |
| Technology | -- |
Investing Center Preview – Manage your investments and watch your net worth grow.
PXMIX:NASDAQ
Putnam Michigan Tax Exempt Income Fund Class A – PXMIX Fund Overview
| Last Price | Today's Change | 52-Week Range | Trading Volume |
|---|---|---|---|
| 9.28 | -0.03 (-0.32%) | 9.28 - 9.64 | 0.0 |
Market data as of 6:05PM 06/18/13. Quotes are delayed by at least 15 min.
Overview - PXMIX
The investment seeks as high a level of current income exempt from federal income tax and Michigan personal income tax as the fund adviser believes is consistent with preservation of capital. The fund invests mainly in bonds that pay interest that is exempt from federal income tax and Michigan 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 (three years or longer).
Growth of $10,000 (10 Years)
| Total Return | 5.46% |
|---|---|
| Yield (Trailing 12 Mo.) | 3.30% |
| Expense Ratio | 0.86% |
| Front Load | 4.00% |
| Deferred Load | None |
| Minimum Investment | $0.00 |
| Management Tenure | 13 Years |
| Fund Inception | 10/23/1989 |
Trailing Total Returns - PXMIX
as of 05/31/2013
| Timeframe | PXMIX | S&P 500 | Muni Single State Interm |
|---|---|---|---|
| 1 Month | -1.01% | 2.34% | -1.30% |
| 3 Month | -0.48% | 8.22% | -0.81% |
| Year-to-Date | 0.28% | 15.37% | -0.25% |
| 1 Year | 3.10% | 27.28% | 1.79% |
| 3 Year | 5.21% | 16.87% | 4.18% |
| 5 Year | 5.14% | 5.43% | 4.44% |
| 10 Year | 4.11% | 7.58% | 3.51% |
| Since Inception | 5.46% | 10.42% | -- |
Asset Allocation - PXMIX
as of 05/31/2013
| By Percent | Short | 0% | Long | Net | |
|---|---|---|---|---|---|
| Stock | -- | 0.00 | 0.00 | ||
| Bond | -- | 96.16 | 96.16 | ||
| Other | -- | 0.00 | 0.00 | ||
| Foreign Stock | -- | 0.00 | 0.00 | ||
| Foreign Bond | -- | 0.00 | 0.00 | ||
| Total | -- | 96.16 | 96.16 | ||
| Cash | -- | 3.84 | 3.84 | ||
| Total Net Assets | $82.21M |
|---|---|
| Total Stock Holdings | 0 |
| Total Bond Holdings | 85 |
Bond Credit Quality - PXMIX
as of 05/31/2013
| AAA | 3.96% | |
|---|---|---|
| AA | 47.00% | |
| A | 23.30% | |
| BBB | 14.25% |
| BB | 2.78% | |
|---|---|---|
| B | 2.95% | |
| Below B | 0.00% | |
| Not Rated | 5.76% |
Top Ten Holdings - PXMIX
as of 05/31/2013
| Company | YTD Return | % of Assets |
|---|---|---|
| Michigan St Strategic Fd Ltd O Rev 5.75% | -- | 4.61% |
| Michigan Higher Ed Facs Auth | -- | 4.31% |
| Michigan St Bldg Auth 6% | -- | 2.89% |
| Kalamazoo Mich Hosp Fin Auth 5% | -- | 2.66% |
| Gibraltar Mich Sch Dist 5% | -- | 2.57% |
| Michigan St Strategic Fd Ltd O Ltd Ob 7% | -- | 2.40% |
| Marysville Mich Pub Schs Dist 5% | -- | 2.27% |
| Michigan St Strategic Fd Ltd O Rev 5.25% | -- | 2.10% |
| Roseville Mich Cmnty Schs Ref Go Sc 5% | -- | 2.03% |
| Flat Rock Mich Cmnty Sch Dist 5% | -- | 2.01% |
Valuation & Growth - PXMIX
as of 05/31/2013
| Valuation | PXMIX | Category Range |
|---|---|---|
| Price/Earnings | -- | |
| Price/Book | -- | |
| Price/Sales | -- | |
| Price/Cash Flow | -- | |
| Dividend Yield | ||
| LT Earnings | ||
| Historical Earnings | ||
| Sales Growth | ||
| Cash-Flow Growth | ||
| Book-Value Growth |
Key: Lo Hi
Morningstar Summary - PXMIX, 3 Year
| Rate Sensitivity | |||
|---|---|---|---|
| High | |||
| Mid | |||
| Low | |||
 |  |  |
| Rating | vs Category | |
|---|---|---|
| Overall |  | |
| Risk | Above Avg | |
| Return | Avg |
Key: Lo Hi
Tax Analysis - PXMIX, 3 Year Avg
| Pretax Return | 5.21% |
|---|---|
| Tax-adjusted Return | 3.79% |
| Tax Cost Ratio | 0.00% |
| Potential Cap Gains | 5.81% |
- Service & Add-Ons
- Pay bills online
- Online backup services
- Personal credit card
- Quicken merchant services
- Stock quote lookup
- Quicken Community
- Personal finance blog
- Live Community
- YouTube
- Help and Support
- Quicken Support
- Contact us
- Sign In
- My order history
- Investing portfolio