PTAEX - Putnam Tax Exempt Income A

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Putnam Tax Exempt Income A

Putnam Tax Exempt Income Fund

One Post Office Sq

Boston MA 02109

Management Information
Paul Drury,Lead Manager since July 30, 2002
Mr. Drury is a Portfolio Manager in the Tax Exempt Fixed Income group. In this role, he is responsible for managing several sectors within the municipal market. He is also a Portfolio Manager of Putnam’s taxexempt funds. Mr. Drury, a CFA charterholder, has been in the investment industry since he joined Putnam in 1989.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryMuni National Long
Fund FamilyPutnam
Net Assets928.84M
YTD Return-0.67%
Morningstar Rating★★★
Inception DateDec 30, 1976

Fund Operations

Last Dividend0.00
Last Cap Gain0.00
Holdings Turnover35.00%
Average for CategoryN/A

Fees & Expenses

ExpensePTAEXCategory Average
Annual Report Expense Ratio (net)0.78%0.83%
Prospectus Net Expense Ratio0.77%N/A
Prospectus Gross Expense Ratio0.77%N/A
Max 12b1 Fee0.22%N/A
Max Front End Sales Load4.00%3.73%
Max Deferred Sales LoadN/A1.84%
3 Yr Expense Projection636N/A
5 Yr Expense Projection811N/A
10 Yr Expense Projection1,316N/A