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PMGCX Putnam MI Tax Exempt Income C

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Fund PMGCX Putnam MI Tax Exempt Income C FMHTX Fidelity® Michigan Municipal Income GTVAX Madison Tax-Free Virginia Y  
100% 97% 85%
Annual Fees
(1.67% Exp. Ratio)
(0.49% Exp. Ratio)
(0.85% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.04% annual return
$11,073.75 $15,838.55 $14,206.76
Est. savings over 30 yrs +$4,764.80 +$3,133.01
As of 12/31/16
1 YR RETURN -0.74%
3 YR 3.08%
5 YR 1.81%
10 YR 2.85%
1 YR RETURN -0.15%
3 YR 4.16%
5 YR 3.13%
10 YR 3.98%
1 YR RETURN -0.17%
3 YR 3.11%
5 YR 2.09%
10 YR 3.25%
The investment seeks as high a level of current income exempt from federal income tax and Michigan 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 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 (i.e., three years or longer). It invests at least 80% of the fund's net assets in tax-exempt investments.
The investment seeks a high level of current income exempt from federal income tax and Michigan personal income tax. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and Michigan personal income taxes. 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. It is non-diversified.
The investment seeks to receive income from municipal bonds and to distribute that income to its investors as tax-free dividends; the secondary objective is to distribute dividends that are intended to be exempt from Virginia (and local) tax and federal tax. The fund invests at least 80% of its net assets (including borrowings for investment purposes) in municipal bonds that are exempt from federal and state income tax for residents of Virginia. It only invests in investment grade bonds. Under normal market conditions, the fund will have an average duration range of 3 to 10 years, although it is expected to center around 5 to 8 years.

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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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Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.


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