Putnam MA Tax Exempt Income A (PXMAX)
| Fund Assets | 250.62M |
| Expense Ratio | 0.83% |
| Min. Investment | $500 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 3.06% |
| Dividend Growth | 6.44% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 8.68 |
| YTD Return | -2.26% |
| 1-Year Return | -2.03% |
| 5-Year Return | -3.43% |
| 52-Week Low | 8.54 |
| 52-Week High | 9.21 |
| Beta (5Y) | 0.26 |
| Holdings | 167 |
| Inception Date | Oct 23, 1989 |
About PXMAX
Putnam Massachusetts Tax Exempt Income Fund Class A is a municipal bond mutual fund designed to provide investors with income that is generally exempt from both federal and Massachusetts state personal income taxes. The fund primarily invests in a diversified portfolio of high-quality municipal bonds issued by Massachusetts state and local governments or related agencies. Its objective centers on generating tax-advantaged income, making it particularly relevant for residents of Massachusetts seeking to minimize their tax burdens. This fund plays an important role in the fixed-income market, offering a targeted solution for investors looking to preserve capital and receive stable, tax-exempt interest payments. Through its focus on municipal securities, it supports public infrastructure and services within Massachusetts, while aiming to provide steady returns and reduce exposure to national credit or interest rate risks commonly associated with taxable bonds.
Performance
PXMAX had a total return of -2.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.46%.
Top 10 Holdings
22.56% of assets| Name | Symbol | Weight |
|---|---|---|
| Net Cash | n/a | 6.32% |
| MASSACHUSETTS ST DEV FIN AGY REV | MA.MASDEV 5.75 01.01.2042 | 2.24% |
| MASSACHUSETTS ST | MA.MAS 5 06.01.2053 | 2.01% |
| MASSACHUSETTS ST | MA.MAS 5 01.01.2054 | 2.01% |
| MASSACHUSETTS ST DEV FIN AGY REV | MA.MASDEV 4 07.01.2051 | 1.87% |
| MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV | MA.MASTRN 5 07.01.2046 | 1.79% |
| MASSACHUSETTS ST DEV FIN AGY REV | MA.MASDEV 4 10.01.2045 | 1.61% |
| MASSACHUSETTS ST DEV FIN AGY REV | MA.MASDEV 5.5 08.15.2050 | 1.60% |
| MASSACHUSETTS ST HSG FIN AGY | MA.MASHSG 3.3 12.01.2059 | 1.57% |
| MASSACHUSETTS ST TRANSN FD REV | MA.MASTRN 5 06.01.2050 | 1.56% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02307 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02225 | Jun 30, 2025 |
| May 30, 2025 | $0.02438 | May 30, 2025 |
| Apr 30, 2025 | $0.02225 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02092 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02263 | Feb 28, 2025 |