PNJBX Performance — Putnam New Jersey Tax Exempt Income Fund, Class B
Data updated: 2025-10-27
PNJBX returned +5.62% over one year to Aug 2024. Annualised returns are −1.09% over 3 years and +0.43% over 5 years. The fund trailed its Long-Term Municipal Bond category average: $100 invested three years ago grew to $97, against $97 for the category, and to $106 over one year, against $107. Volatility over the past three years was 7.50% a year. In the 12 months to Aug 2025 the fund took in a net $12.1M, and assets reached $144.54M.
PNJBX Growth of $100
What $100 invested in Putnam New Jersey Tax Exempt Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | PNJBX | Category average |
|---|---|---|
| 1 year (Sep 2023 – Aug 2024) | $106 | $107 |
| 3 years (Sep 2021 – Aug 2024) | $97 | $97 |
| 5 years (Sep 2019 – Aug 2024) | $102 | $104 |
PNJBX Trailing Returns
Total returns to Aug 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +5.62% |
| 3 years (annualised) | −1.09% |
| 5 years (annualised) | +0.43% |
PNJBX Annual Returns
Calendar-year total returns of Putnam New Jersey Tax Exempt Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Aug) | +3.76% |
| 2023 | +5.90% |
| 2022 | −10.84% |
| 2021 | +3.39% |
| 2020 | +0.25% |
| 2019 (Sep–Dec) | +0.63% |
PNJBX 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% | +2.5% | −0.1% | −1.3% | 0.0% | +0.7% | +0.8% | +1.5% | — | — | — | — |
| 2023 | +3.1% | +0.1% | −1.0% | −0.1% | +2.1% | −1.3% | +0.3% | +0.8% | +6.0% | −1.2% | −2.8% | +0.1% |
| 2022 | −2.6% | +0.1% | +1.0% | −3.2% | −2.9% | −2.2% | +2.6% | −1.8% | +5.0% | −0.8% | −4.0% | −2.3% |
| 2021 | +1.0% | +1.1% | +0.3% | +0.9% | +0.7% | −0.4% | +0.7% | +0.4% | +0.7% | −0.3% | −0.9% | −0.7% |
| 2020 | +1.7% | +0.3% | +3.0% | −2.4% | −5.3% | −0.2% | +2.2% | +1.6% | +1.8% | −0.3% | −0.1% | −1.7% |
| 2019 | — | — | — | — | — | — | — | — | +0.1% | −0.1% | −0.8% | +1.4% |
PNJBX Risk
Risk measures from monthly returns over Sep 2021 – Aug 2024.
- 3-year volatility (annualised): 7.50%
- 3-year Sharpe ratio: -0.74 (vs 4.5% risk-free rate)
- Best month: +6.00% (Sep 2023)
- Worst month: −4.01% (Nov 2022)
PNJBX Fund Flows
Monthly money in and out of Putnam New Jersey Tax Exempt Income Fund, from SEC Form N-PORT.
- 12-month net flow: $12.1M
- 12-month gross sales (incl. reinvestments): $38.3M
- Sales ÷ redemptions: 1.46×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Aug 2025 | $2.5M | $4.8M | −$2.3M |
| Jul 2025 | $3.8M | $3.1M | $778K |
| Jun 2025 | $1.8M | $3.4M | −$1.5M |
| May 2025 | $3.1M | $1.3M | $1.8M |
| Apr 2025 | $11.4M | $2.5M | $8.8M |
| Mar 2025 | $836K | $1.7M | −$831K |
| Feb 2025 | $2.8M | $3.7M | −$928K |
| Jan 2025 | $2.1M | $1.0M | $1.1M |
| Dec 2024 | $4.5M | $1.7M | $2.8M |
| Nov 2024 | $3.4M | $1.7M | $1.7M |
| Oct 2024 | $2.1M | $1.3M | $795K |
| Sep 2024 | $0 | $0 | $0 |
PNJBX Assets Under Management
Net assets of Putnam New Jersey Tax Exempt Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-08-31 | $144.54M |
| 2025-05-31 | $147.27M |
| 2025-02-28 | $142.76M |
| 2024-11-30 | $140.79M |
| 2024-08-31 | $139.22M |
| 2024-05-31 | $133.92M |
| 2024-02-29 | $136.86M |
| 2023-11-30 | $132.00M |
| 2023-08-31 | $129.55M |
| 2023-05-31 | $129.42M |
| 2023-02-28 | $127.45M |
| 2022-11-30 | $125.55M |
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.