Putnam Tax Exempt Income A (PTAEX)
| Fund Assets | 528.27M |
| Expense Ratio | 0.92% |
| Min. Investment | $500 |
| Turnover | 35.00% |
| Dividend (ttm) | 0.26 |
| Dividend Yield | 3.42% |
| Dividend Growth | 3.61% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 7.53 |
| YTD Return | -2.37% |
| 1-Year Return | -1.90% |
| 5-Year Return | -3.10% |
| 52-Week Low | 7.36 |
| 52-Week High | 8.00 |
| Beta (5Y) | n/a |
| Holdings | 304 |
| Inception Date | Dec 31, 1976 |
About PTAEX
Putnam Tax Exempt Income Fund Class A is an open‑end mutual fund focused on generating federally tax‑free income through a diversified portfolio of U.S. municipal bonds. The fund seeks a high level of current income exempt from federal income tax while emphasizing preservation of capital, allocating across states, credit tiers, and sectors such as essential services, transportation, healthcare, and education to balance yield and credit risk. Managed within Franklin Templeton’s municipal platform, the strategy employs active credit research and duration management to navigate interest‑rate cycles and evolving municipal credit conditions. The fund’s structure targets individual investors seeking tax‑advantaged income, with published expense and minimum investment levels typical for Class A shares. Its role in the market is to provide access to a broad, professionally managed municipal bond portfolio that can complement taxable fixed income holdings, potentially enhancing after‑tax income for investors in higher tax brackets while maintaining diversified exposure to the U.S. muni market. Investors should note sponsor communications regarding an anticipated reorganization into a municipal income exchange‑traded vehicle within the Putnam ETF Trust framework.
Performance
PTAEX had a total return of -1.90% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.92%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FSABX | Fidelity | Fidelity SAI Municipal Bond Index Fund | 0.07% |
| SWHYX | Schwab | Schwab Opportunistic Municipal Bond | n/a |
| FHUGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class A | 0.77% |
| FSMNX | Fidelity | Fidelity SAI Municipal Income Fund | 0.35% |
| FUENX | Fidelity | Fidelity Flex Municipal Income Fund | n/a |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PTBEX | Class B Shares | 1.54% |
Top 10 Holdings
13.69% of assets| Name | Symbol | Weight |
|---|---|---|
| Net Cash | n/a | 2.10% |
| NEW YORK ST URBAN DEV CORP ST SALES TAX REV | NY.NYSFAC 5 03.15.2044 | 1.94% |
| WISCONSIN ST HEALTH & EDL FACS AUTH REV | WI.WISMED 4 04.01.2036 | 1.46% |
| WILLIAMSON CNTY TENN INDL DEV BRD MULTIFAMILY REV | TN.WMNMFH 05.01.2042 | 1.29% |
| MIAMI-DADE CNTY FLA HSG FIN AUTH MULTIFAMILY HSG REV | FL.MIAMFH 01.01.2027 | 1.24% |
| METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV | DC.METAPT 0 10.01.2037 | 1.16% |
| FEDERAL HOME LN MTG CORP MULTIFAMILY VAR RATE CTFS RELATING TO MUN SECS | OT.FEDMFH 2.55 06.15.2035 | 1.14% |
| ORANGE CNTY FLA HEALTH FACS AUTH REV | FL.ORAMED 4 10.01.2052 | 1.13% |
| ALASKA INDL DEV & EXPT AUTH REV | AK.AKSDEV 4 10.01.2044 | 1.13% |
| PORT HOUSTON AUTH TEX HARRIS CNTY REV | TX.PRHTRN 5 10.01.2048 | 1.10% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02196 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02139 | Jun 30, 2025 |
| May 30, 2025 | $0.02281 | May 30, 2025 |
| Apr 30, 2025 | $0.02101 | Apr 30, 2025 |
| Mar 31, 2025 | $0.01991 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02157 | Feb 28, 2025 |