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Putnam Massachusetts Tax Exempt Income Fund Class B – PMABX Fund Overview

Last PriceToday's Change52-Week RangeTrading Volume
9.820.00 (0.00%)9.46 - 9.960.0

Market data as of 6:05PM 03/27/15. Quotes are delayed by at least 15 min.

Overview - PMABX

The investment seeks as high a level of current income exempt from federal income tax and Massachusetts personal income tax as the fund 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 (three years or longer).

Growth of $10,000 (10 Years)

Total Return4.29%
Yield (Trailing 12 Mo.)2.70%
Expense Ratio1.39%
Front LoadNone
Deferred Load5.00%
Minimum Investment$0.00
Management Tenure13 Years
Fund Inception07/15/1993

Trailing Total Returns - PMABX

as of 02/28/2015
TimeframePMABXS&P 500Muni Massachusetts
1 Month-1.18%5.75%-1.05%
3 Month1.13%2.31%1.27%
1 Year6.44%15.51%6.31%
3 Year2.33%18.00%2.73%
5 Year4.08%16.18%4.28%
10 Year3.84%7.99%3.91%
Since Inception4.29%10.71%--

Sector Allocation - PMABX

as of 02/28/2015
Basic Materials--
Consumer Cyclical--
Financial Services--
Real Estate--
Consumer Defensive--
Communication Services--

Asset Allocation - PMABX

as of 02/28/2015
By PercentShort0%LongNet
Foreign Stock0.00
Foreign Bond0.00
Total Net Assets$311.83M
Total Stock Holdings0
Total Bond Holdings161

Bond Credit Quality - PMABX

as of 02/28/2015
Below B0.00%
Not Rated1.75%

Top Ten Holdings - PMABX

as of 02/28/2015
CompanyYTD Return% of Assets
Massachusetts St Health & Edl Rev B 5.2%--2.16%
Massachusetts St Dev Fin Agy R Rev 5.75%--2.13%
Massachusetts St Port Auth 5%--1.80%
Massachusetts St Dev Fin Agy R Rev Bd 5%--1.71%
Massachusetts St Dev Fin Agy R Rev 5.25%--1.55%
Massachusetts St Sch Bldg Auth 5%--1.54%
Massachusetts St Wtr Pollutn A Wtr Po 5%--1.51%
Massachusetts St Wtr Res Auth 6.5%--1.49%
Massachusetts Bay Transn Auth 5%--1.42%
North Reading Mass Go Muni P 5%--1.40%

Valuation & Growth - PMABX

as of 02/28/2015
ValuationPMABXCategory Range
Price/Cash Flow--
Dividend Yield
LT Earnings
Historical Earnings
Sales Growth
Cash-Flow Growth
Book-Value Growth
Key:  Lo 

Morningstar Summary - PMABX, 3 Year

Rate Sensitivity
Ratingvs Category
ReturnBelow Avg
Key:  Lo 

Tax Analysis - PMABX, 3 Year Avg

Pretax Return2.33%
Tax-adjusted Return1.34%
Tax Cost Ratio0.04%
Potential Cap Gains5.13%

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