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    Putnam MI Tax Exempt Income M (PMIMX)

    9.32 0.00(0.00%) Apr 20
    Prev Close:9.32
    YTD Return*:0.63%
    Net Assets*:71.82M
    Yield*:2.94%

    * As of 31-Mar-15

    Quotes delayed, except where indicated otherwise. Currency in USD.

    Headlines

    • No Headlines available for PMIMX at this time.

    Top Holdings

    Symbol% AssetsYTD Return %
    Michigan St Strategic Fd Ltd O Rev 5.75%5.15N/A
    Michigan St Bldg Auth 6%3.21N/A
    Kalamazoo Mich Hosp Fin Auth 5%3.07N/A
    Michigan St Strategic Fd Ltd O Ltd Ob 7%2.65N/A
    Michigan St Strategic Fd Ltd O Rev 5.25%2.39N/A

    Fund Basics

    Morningstar Overall Rating:
    Total Assets:71.82M
    Category:Muni Single State Interm
    Annual Report Expense Ratio (net):1.13%

    Performance & Risk

    YTD Return:0.63%
    5y Avg Return:4.25%
    Rank in Category (ytd):76
    % Rank in Category (ytd):35.68%
    Beta (3y):0.96
    Morningstar Risk Rating:4

    Fund Summary

    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). View More
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