Putnam Massachusetts Tax Exempt Income Fund Class T
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NASDAQ
Rating
Reward
Risk
Fund Information
Fund Type
Category
Sub-Category
Prospectus Objective
Inception Date
Open/Closed to New Investors
Minimum Initial Investment
Minimum Subsequent Investment
Front End Fee
Back End Fee
Asset Allocation
Cash
Stock
U.S. Stock
Non U.S. Stock
Bond
U.S. Bond
Non-U.S. Bond
Preferred
Convertible
Other
Services Offered
Top Holdings
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Performance
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Price
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NAV
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Company Information
Provider
Putnam
Manager/Tenure
(Years)
(Years)
Paul M. Drury (15), Garrett Hamilton (1)
Website
Address
Putnam
Boston MA - 02109
Boston MA - 02109
Country
United States
Phone Number
617-292-1000
Investment Strategy
The investment seeks as high a level of current income exempt from federal income tax and Massachusetts personal income tax as the fund's adviser believes is consistent with preservation of capital. The fund invests mainly in bonds that pay interest that is exempt from federal income tax and Massachusetts personal income tax (but that may be subject to federal alternative minimum tax (AMT)), are investment-grade in quality, and have intermediate- to long-term maturities (i.e., three years or longer). It invests at least 80% of the fund's net assets in tax-exempt investments.