PMTBX Performance — Putnam Minnesota Tax Exempt Income Fund, CL B
Data updated: 2025-10-27
PMTBX returned +6.04% over one year to Aug 2024. Annualised returns are −1.06% over 3 years and +0.11% over 5 years. Against its Intermediate Municipal Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $97, against $98 for the category, and to $106 over one year, against $106. Volatility over the past three years was 7.67% a year. In the 12 months to Aug 2025 the fund lost a net $6.8M, and assets reached $174.20M.
PMTBX Growth of $100
What $100 invested in Putnam Minnesota Tax Exempt Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | PMTBX | Category average |
|---|---|---|
| 1 year (Sep 2023 – Aug 2024) | $106 | $106 |
| 3 years (Sep 2021 – Aug 2024) | $97 | $98 |
| 5 years (Sep 2019 – Aug 2024) | $101 | $104 |
PMTBX Trailing Returns
Total returns to Aug 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +6.04% |
| 3 years (annualised) | −1.06% |
| 5 years (annualised) | +0.11% |
PMTBX Annual Returns
Calendar-year total returns of Putnam Minnesota Tax Exempt Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Aug) | +3.93% |
| 2023 | +5.30% |
| 2022 | −10.75% |
| 2021 | +1.61% |
| 2020 | +0.92% |
| 2019 (Sep–Dec) | +0.39% |
PMTBX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | −0.3% | +2.8% | −0.3% | −1.4% | −0.2% | +0.8% | +0.6% | +1.9% | — | — | — | — |
| 2023 | +2.9% | 0.0% | −1.0% | −0.2% | +1.9% | −1.4% | +0.1% | +0.8% | +6.8% | −1.7% | −2.9% | +0.1% |
| 2022 | −2.2% | 0.0% | +1.1% | −3.1% | −2.7% | −2.1% | +2.4% | −1.6% | +4.9% | −1.2% | −3.9% | −2.5% |
| 2021 | +0.3% | +0.5% | +0.3% | +0.6% | +0.3% | −0.3% | +0.5% | +0.3% | +0.7% | −0.2% | −0.8% | −0.6% |
| 2020 | +1.3% | +0.2% | +3.1% | −1.8% | −3.1% | −0.4% | +1.5% | +0.8% | +1.1% | −0.2% | 0.0% | −1.4% |
| 2019 | — | — | — | — | — | — | — | — | 0.0% | 0.0% | −0.7% | +1.1% |
PMTBX Risk
Risk measures from monthly returns over Sep 2021 – Aug 2024.
- 3-year volatility (annualised): 7.67%
- 3-year Sharpe ratio: -0.72 (vs 4.5% risk-free rate)
- Best month: +6.75% (Sep 2023)
- Worst month: −3.92% (Nov 2022)
PMTBX Fund Flows
Monthly money in and out of Putnam Minnesota Tax Exempt Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$6.8M
- 12-month gross sales (incl. reinvestments): $44.0M
- Sales ÷ redemptions: 0.87×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Aug 2025 | $3.4M | $6.7M | −$3.4M |
| Jul 2025 | $3.0M | $3.2M | −$221K |
| Jun 2025 | $4.1M | $6.0M | −$1.9M |
| May 2025 | $5.7M | $8.0M | −$2.3M |
| Apr 2025 | $6.6M | $7.3M | −$663K |
| Mar 2025 | $3.9M | $5.1M | −$1.2M |
| Feb 2025 | $3.8M | $3.1M | $724K |
| Jan 2025 | $3.6M | $3.7M | −$122K |
| Dec 2024 | $2.4M | $3.4M | −$1.0M |
| Nov 2024 | $5.4M | $1.4M | $4.0M |
| Oct 2024 | $2.2M | $3.0M | −$817K |
| Sep 2024 | $0 | $0 | $0 |
PMTBX Assets Under Management
Net assets of Putnam Minnesota Tax Exempt Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-08-31 | $174.20M |
| 2025-05-31 | $179.06M |
| 2025-02-28 | $190.51M |
| 2024-11-30 | $192.64M |
| 2024-08-31 | $187.81M |
| 2024-05-31 | $180.74M |
| 2024-02-29 | $185.99M |
| 2023-11-30 | $172.18M |
| 2023-08-31 | $168.44M |
| 2023-05-31 | $169.33M |
| 2023-02-28 | $164.21M |
| 2022-11-30 | $149.00M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.