Putnam Tax Exempt Income Fund Class R6 Shares
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Fund Information
Fund Type
Category
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Open/Closed to New Investors
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Cash
Stock
U.S. Stock
Non U.S. Stock
Bond
U.S. Bond
Non-U.S. Bond
Preferred
Convertible
Other
Services Offered
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Company Information
Provider
Franklin Templeton Investments
Manager/Tenure
(Years)
(Years)
Paul M. Drury (22), Garrett Hamilton (8), Ben Barber (0), 3 others
Website
Address
Franklin Templeton Investments
San Mateo CA - 94403
San Mateo CA - 94403
Country
United States
Phone Number
650-312-2000
Investment Strategy
The investment seeks as high a level of current income exempt from federal income tax as the adviser believes to be consistent with preservation of capital. The fund invests mainly in bonds that pay interest that is exempt from federal income tax (but that may be subject to federal alternative minimum tax (AMT)), which are investment-grade in quality, and have intermediate- to long-term maturities (i.e., three years or longer). It invests at least 80% of its net assets in tax-exempt investments, which for purposes of this policy exclude investments paying interest subject to the federal AMT for individuals.