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PTEIX Putnam NY Tax Exempt Income A

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Fund PTEIX Putnam NY Tax Exempt Income A PZT PowerShares New York AMT-Free MuniBd ETF FTFMX Fidelity® New York Municipal Income  
Similarity
?
100% 93% 94%
Annual Fees
?
$76.57
(0.75% Exp. Ratio)
$28.59
(0.28% Exp. Ratio)
$46.96
(0.46% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.09% annual return
$14,844.91 $17,105.28 $16,202.84
Est. savings over 30 yrs +$2,260.37 +$1,357.93
Return
As of 10/31/16
1 YR RETURN 4.09%
3 YR 4.87%
5 YR 3.97%
10 YR 4.00%
1 YR RETURN 5.50%
3 YR 7.02%
5 YR 4.79%
10 YR --
1 YR RETURN 4.42%
3 YR 5.35%
5 YR 4.34%
10 YR 4.42%
Description
The investment seeks as high a level of current income exempt from federal income tax and New York State and City personal income taxes as the adviser believes is consistent with preservation of capital. Under normal circumstances, the fund invests so that at least 90% of the fund's income distributions are exempt from federal income tax and New York State and City personal income taxes, except during times of adverse market conditions, when more than 10% of the fund's income distributions could be subject to these taxes.
The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the BofA Merrill Lynch New York Long-Term Core Plus Municipal Securities Index. The fund generally will invest at least 80% of its total assets in municipal securities that comprise the underlying index and that also are exempt from the federal alternative minimum tax. The index is composed of U.S. dollar-denominated, investment grade, tax-exempt debt publicly issued by New York or any U.S. territory or their political subdivisions, in the U.S. domestic market with a term of at least 15 years remaining to final maturity. It is non-diversified.
The investment seeks a high level of current income, exempt from federal and New York State and City personal income taxes. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and New York State and City personal income taxes. It allocates assets across different market sectors and maturities. The fund potentially invests more than 25% of total assets in municipal securities that finance similar types of projects. 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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Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

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