Putnam New York Tax Exempt Income Fund
Data updated: 2025-10-27
C000017441 — Putnam New York Tax Exempt Income Fund. Long Municipal - National Bond · $684.89M AUM. Holdings, fees, performance and SEC filings.
C000017441 Fund Overview
Putnam New York Tax Exempt Income Fund is a US mutual fund managed by Putnam New York Tax Exempt Income Fund, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Putnam New York Tax Exempt Income Fund
- Category: Long Municipal - National Bond
- Assets under management: $684.89M
- 1-year return: -3.0%
- SEC CIK: 0000719712
- SEC series ID: S000006345
- Share class ID: C000017441
C000017441 Investment Objective and Strategy
Putnam New York Tax Exempt Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Putnam New York Tax Exempt Income Fund.
Investment objective
Putnam New York Tax Exempt Income Fund seeks as high a level of current income exempt from federal income tax and New York State and City personal income taxes as we believe is consistent with preservation of capital.
Principal investment strategy
We invest mainly in bonds that pay interest that is exempt from federal income tax and New York State and City personal income taxes (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). Under normal circumstances, we invest so that at least 90% of the fund’s income distributions are exempt from federal income tax and New York State and City personal income taxes, except during times of adverse market conditions, when more than 10% of the fund’s income distributions could be subject to these taxes. Such tax-exempt investments in which the fund will invest are issued by or for states, territories or possessions of the United States or by their political subdivisions, agencies, authorities or other government entities, and the income from these investments is exempt from both federal and New York State personal income tax.
This investment policy cannot be changed without the approval of the fund’s shareholders. We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments.
C000017441 Holdings
Top 10 holdings of Putnam New York Tax Exempt Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| New York Liberty Development Corp. | 3.32% |
| New York Liberty Development Corp. | 2.27% |
| TSASC, Inc. | 1.88% |
| Long Island Power Authority | 1.84% |
| New York City Transitional Finance Authority Future Tax Secured Revenue | 1.79% |
| New York City Transitional Finance Authority Future Tax Secured Revenue | 1.53% |
| New York City Municipal Water Finance Authority | 1.51% |
| Empire State Development Corp. | 1.50% |
| New York City Transitional Finance Authority | 1.48% |
| Metropolitan Transportation Authority | 1.46% |
C000017441 Portfolio Allocation
Asset-class allocation of Putnam New York Tax Exempt Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.0% |
| Cash & Equivalents | 0.7% |
| Other | 0.6% |
C000017441 Performance
Total returns for C000017441 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -3.0% |
| 3 years (annualised) | 1.4% |
| 5 years (annualised) | -0.7% |
C000017441 Risk Information
Risk metrics for C000017441, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.6%
C000017441 Costs and Fees
C000017441 costs about $154 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.54%
- Gross expense ratio: 1.54%
- Portfolio turnover: 17%
- Brokerage commissions: 0.01 bps of average net assets (SEC N-CEN)
C000017441 Cashflows
Over the 12 months to 2025-08, Putnam New York Tax Exempt Income Fund had net outflows of $38.05M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-08 | −$4.97M |
| 2025-07 | −$6.53M |
| 2025-06 | −$2.34M |
| 2025-05 | −$7.72M |
| 2025-04 | −$6.59M |
| 2025-03 | $391.24K |
C000017441 Debt Constituents
Largest debt holdings of Putnam New York Tax Exempt Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| New York Liberty Development Corp. | 3.32% |
| New York Liberty Development Corp. | 2.27% |
| TSASC, Inc. | 1.88% |
| Long Island Power Authority | 1.84% |
| New York City Transitional Finance Authority Future Tax Secured Revenue | 1.79% |
| New York City Transitional Finance Authority Future Tax Secured Revenue | 1.53% |
| New York City Municipal Water Finance Authority | 1.51% |
| Empire State Development Corp. | 1.50% |
| New York City Transitional Finance Authority | 1.48% |
| Metropolitan Transportation Authority | 1.46% |
C000017441 Prospectus and SEC Filings
Official Putnam New York Tax Exempt Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-03-27
- Prospectus (485BPOS) — filed 2024-03-28
- Prospectus (485BPOS) — filed 2023-03-28
- Portfolio holdings (N-PORT) — filed 2025-10-27
- Portfolio holdings (N-PORT) — filed 2025-07-25
- Portfolio holdings (N-PORT) — filed 2025-04-29
- Annual census (N-CEN) — filed 2025-02-06
- Annual census (N-CEN) — filed 2024-01-31
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.