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PPAMX Putnam PA Tax Exempt Income M

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Fund PPAMX Putnam PA Tax Exempt Income M VPAIX Vanguard PA Long-Term Tax-Exempt Inv FPXTX Fidelity® Pennsylvania Municipal Income  
Similarity
?
100% 99% 99%
Annual Fees
?
$111.28
(1.09% Exp. Ratio)
$20.42
(0.20% Exp. Ratio)
$50.03
(0.49% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.09% annual return
$13,396.63 $17,526.93 $16,061.70
Est. savings over 30 yrs +$4,130.30 +$2,665.06
Return
As of 11/30/16
1 YR RETURN 0.08%
3 YR 3.43%
5 YR 2.82%
10 YR 3.26%
1 YR RETURN 0.22%
3 YR 4.53%
5 YR 3.91%
10 YR 3.93%
1 YR RETURN 0.29%
3 YR 3.95%
5 YR 3.65%
10 YR 4.02%
Description
The investment seeks as high a level of current income exempt from federal income tax and Pennsylvania personal income tax as the advisor believes is consistent with preservation of capital. The fund invests mainly in bonds that pay interest that is exempt from federal income tax and Pennsylvania 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 (i.e., three years or longer). It invests at least 80% of the fund's net assets in tax-exempt investments.
The investment seeks to provide current income that is exempt from both federal and Pennsylvania personal income taxes. The fund invests primarily in high-quality municipal bonds issued by Pennsylvania state and local governments, as well as by regional governmental and public financing authorities. Under normal circumstances, at least 80% of its assets will be invested in securities whose income is exempt from federal and Pennsylvania state taxes. Although the fund has no limitations on the maturities of individual securities, its dollar-weighted average maturity is expected to be between 10 and 25 years. It is non-diversified.
The investment seeks as high a level of current income, exempt from federal income tax and Pennsylvania personal income tax, as is consistent with its investment characteristics. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and Pennsylvania personal income taxes. Potentially it invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund allocates assets across different market sectors and maturities.

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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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