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PTECX Putnam Tax Exempt Income C

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Fund PTECX Putnam Tax Exempt Income C VWLTX Vanguard Long-Term Tax-Exempt TFI SPDR® Nuveen Barclays Municipal Bond ETF  
100% 99% 92%
Annual Fees
(1.53% Exp. Ratio)
(0.20% Exp. Ratio)
(0.23% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.07% annual return
$11,626.84 $17,388.40 $17,232.28
Est. savings over 30 yrs +$5,761.57 +$5,605.44
As of 9/30/16
1 YR RETURN 4.69%
3 YR 4.73%
5 YR 3.77%
10 YR 3.56%
1 YR RETURN 7.01%
3 YR 6.72%
5 YR 5.32%
10 YR 4.86%
1 YR RETURN 6.36%
3 YR 5.73%
5 YR 4.34%
10 YR --
The investment seeks as high a level of current income exempt from federal income tax as the adviser believes to be consistent with preservation of capital. The fund invests mainly in bonds that pay interest that is exempt from federal income tax (but that may be subject to federal alternative minimum tax (AMT)), which are investment-grade in quality, and have intermediate- to long-term maturities (three years or longer). It invests at least 80% of the fund's net assets in tax-exempt investments, which for purposes of this policy exclude investments paying interest subject to the federal AMT for individuals.
The investment seeks a high and sustainable level of current income that is exempt from federal personal income taxes. The fund has no limitations on the maturity of individual securities but is expected to maintain a dollar-weighted average maturity of 10 to 25 years. At least 75% of the securities held by the fund are municipal bonds in the top three credit-rating categories as determined by a nationally recognized statistical rating organization (NRSRO) (e.g., Aaa, Aa, and A by Moody's Investors Service, Inc. (Moody's)) or, if unrated, determined to be of comparable quality by the advisor.
The investment seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Municipal Managed Money Index. The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in securities that the Sub-Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to track the U.S. long term tax-exempt bond market, including state and local general obligation bonds, revenue bonds, pre-refunded bonds, and insured bonds. It is non-diversified.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

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