PNJBX Fees and Costs — Putnam New Jersey Tax Exempt Income Fund, Class B
Data updated: 2025-10-27
The net expense ratio is 1.46%: a 0.43% management fee, a 0.85% 12b-1 fee plus 0.18% other expenses. This share class carries a deferred sales charge of up to 5.00%. Portfolio turnover was 10%.
PNJBX Fees and Expenses
Annual operating expenses and sales charges of PNJBX. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.43% |
| 12b-1 fee | 0.85% |
| Other expenses | 0.18% |
| Gross expense ratio | 1.46% |
| Fee waiver | — |
| Net expense ratio | 1.46% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 5.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PNJBX Costs Over Time
On $10,000 invested in PNJBX, assuming 5% a year before costs, total costs come to $905 over 5 years, cutting the return by 1.53% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $517 | $0 | $0 |
| Fund expenses (net expense ratio 1.46%) | $153 | $476 | $822 |
| Lost growth on money paid in costs | $0 | $24 | $83 |
| Total costs | $671 | $500 | $905 |
| Value after costs | $9,829 | $11,077 | $11,858 |
| Impact on return, per year | 6.71% | 1.53% | 1.53% |
PNJBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $76.3M
- Portfolio turnover (prospectus): 10%
- Securities lending: none during the year
PNJBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $19.8M | 30.68% |
| Morgan Stanley & Co. LLC | $11.3M | 17.56% |
| Stifel, Nicolaus & Company, Incorporated | $8.4M | 13.12% |
| Barclays Capital, Inc. | $6.0M | 9.30% |
| Janney Montgomery Scott LLC | $4.5M | 6.93% |
| J.P. Morgan Securities LLC | $4.2M | 6.47% |
| R. Seelaus and Co., LLC | $3.3M | 5.06% |
| Hilltop Securities Inc. | $2.8M | 4.34% |
| Jefferies LLC | $2.5M | 3.87% |
| ROBERT W. BAIRD & CO. INCORPORATED | $1.7M | 2.67% |
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.