Putnam Minnesota Tax Exempt Income Fund

Scorecard
2 / 5 Stars
Lipper
1 1 3 2 3
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
2 / 5 Stars
TheStreet.com
B+ (Buy)

U.S. News evaluated 15 Muni Minnesota Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned -1.64 percent over the past year, 4.29 percent over the past three years, 4.67 percent over the past five years, and 3.04 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 2.4%
1 Year -1.6%
3 Years (Annualized) 4.3%
5 Years (Annualized) 4.7%
10 Years (Annualized) 3.0%

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Summary

The investment seeks as high a level of current income exempt from federal income tax and Minnesota personal income tax as the 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 Minnesota 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).

Fees

Fees are High compared to funds in the same category.
Putnam Minnesota Tax Exempt Income Fund has an expense ratio of 1.59 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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