PPNBX Performance — Putnam Pennsylvania Tax Exempt Income Fund, CL B
Data updated: 2025-10-27
PPNBX returned +7.25% over one year to Aug 2024. Annualised returns are −1.30% over 3 years and +0.40% over 5 years. The fund trailed its Long-Term Municipal Bond category average: $100 invested three years ago grew to $96, against $97 for the category, and to $107 over one year, against $107. Volatility over the past three years was 8.50% a year. In the 12 months to Aug 2025 the fund lost a net $7.3M, and assets reached $92.21M.
PPNBX Growth of $100
What $100 invested in Putnam Pennsylvania 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 | PPNBX | Category average |
|---|---|---|
| 1 year (Sep 2023 – Aug 2024) | $107 | $107 |
| 3 years (Sep 2021 – Aug 2024) | $96 | $97 |
| 5 years (Sep 2019 – Aug 2024) | $102 | $104 |
PPNBX Trailing Returns
Total returns to Aug 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +7.25% |
| 3 years (annualised) | −1.30% |
| 5 years (annualised) | +0.40% |
PPNBX Annual Returns
Calendar-year total returns of Putnam Pennsylvania Tax Exempt Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Aug) | +5.37% |
| 2023 | +5.20% |
| 2022 | −12.36% |
| 2021 | +3.04% |
| 2020 | +1.18% |
| 2019 (Sep–Dec) | +0.71% |
PPNBX 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 | −0.2% | +3.0% | 0.0% | −1.4% | +0.1% | +0.7% | +1.0% | +2.1% | — | — | — | — |
| 2023 | +3.0% | +0.1% | −1.1% | −0.2% | +2.0% | −1.5% | +0.2% | +0.9% | +7.3% | −2.1% | −3.3% | +0.1% |
| 2022 | −2.6% | 0.0% | +1.0% | −3.2% | −2.9% | −2.3% | +2.9% | −2.3% | +5.5% | −1.4% | −4.7% | −2.6% |
| 2021 | +0.7% | +0.7% | +0.5% | +0.9% | +0.6% | −0.5% | +0.7% | +0.4% | +0.8% | −0.3% | −0.8% | −0.6% |
| 2020 | +1.7% | +0.2% | +2.9% | −2.1% | −3.6% | −0.4% | +1.8% | +1.2% | +1.4% | −0.3% | 0.0% | −1.3% |
| 2019 | — | — | — | — | — | — | — | — | +0.1% | +0.1% | −0.7% | +1.3% |
PPNBX Risk
Risk measures from monthly returns over Sep 2021 – Aug 2024.
- 3-year volatility (annualised): 8.50%
- 3-year Sharpe ratio: -0.68 (vs 4.5% risk-free rate)
- Best month: +7.35% (Sep 2023)
- Worst month: −4.65% (Nov 2022)
PPNBX Fund Flows
Monthly money in and out of Putnam Pennsylvania Tax Exempt Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$7.3M
- 12-month gross sales (incl. reinvestments): $12.6M
- Sales ÷ redemptions: 0.63×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Aug 2025 | $406K | $3.2M | −$2.8M |
| Jul 2025 | $2.5M | $1.6M | $896K |
| Jun 2025 | $916K | $3.0M | −$2.1M |
| May 2025 | $895K | $661K | $234K |
| Apr 2025 | $2.1M | $1.8M | $242K |
| Mar 2025 | $532K | $1.7M | −$1.2M |
| Feb 2025 | $1.4M | $1.5M | −$162K |
| Jan 2025 | $936K | $1.9M | −$956K |
| Dec 2024 | $837K | $921K | −$84K |
| Nov 2024 | $610K | $1.4M | −$813K |
| Oct 2024 | $1.6M | $2.1M | −$520K |
| Sep 2024 | $0 | $0 | $0 |
PPNBX Assets Under Management
Net assets of Putnam Pennsylvania Tax Exempt Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-08-31 | $92.21M |
| 2025-05-31 | $96.62M |
| 2025-02-28 | $101.38M |
| 2024-11-30 | $103.56M |
| 2024-08-31 | $104.97M |
| 2024-05-31 | $102.98M |
| 2024-02-29 | $108.09M |
| 2023-11-30 | $106.75M |
| 2023-08-31 | $109.33M |
| 2023-05-31 | $114.67M |
| 2023-02-28 | $116.94M |
| 2022-11-30 | $117.95M |
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.