Putnam Tax Exempt Income Fund
Data updated: 2025-12-12
C000202806 — Putnam Tax Exempt Income Fund. Long Municipal - National Bond · $518.32M AUM · 0.64% expense ratio. Holdings, fees, performance and SEC filings.
C000202806 Fund Overview
Putnam Tax Exempt Income Fund is a US mutual fund managed by Putnam 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 Tax Exempt Income Fund
- Category: Long Municipal - National Bond
- Assets under management: $518.32M
- 1-year return: 0.5%
- SEC CIK: 0000205802
- SEC series ID: S000006568
- Share class ID: C000202806
C000202806 Investment Objective and Strategy
Putnam Tax Exempt Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Putnam Tax Exempt Income Fund.
Investment objective
Putnam Tax Exempt Income Fund seeks as high a level of current income exempt from federal income tax as we believe to be consistent with preservation of capital.
Principal investment strategy
We invest mainly in bonds that pay interest that is exempt from federal 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 (i.e., three years or longer). Under normal circumstances, we invest at least 80% of the fund’s net assets in tax-exempt investments, which for purposes of this policy exclude investments paying interest subject to the federal AMT for individuals. 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.
C000202806 Holdings
Top 10 holdings of Putnam Tax Exempt Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Empire State Development Corp. | 2.03% |
| Wisconsin Health & Educational Facilities Authority | 1.53% |
| New York State Thruway Authority | 1.42% |
| Williamson County Industrial Development Board | 1.31% |
| Putnam Funds Trust | 1.25% |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue | 1.22% |
| Alaska Industrial Development & Export Authority | 1.21% |
| Orange County Health Facilities Authority | 1.20% |
| Port Authority of Houston of Harris County Texas | 1.14% |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue | 1.13% |
C000202806 Portfolio Allocation
Asset-class allocation of Putnam Tax Exempt Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 102.2% |
| Other | 1.2% |
| Securitized | 1.1% |
| Cash & Equivalents | 0.1% |
C000202806 Performance
Total returns for C000202806 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.5% |
| 3 years (annualised) | 5.5% |
| 5 years (annualised) | 1.2% |
C000202806 Risk Information
Risk metrics for C000202806, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.3%
C000202806 Costs and Fees
C000202806 costs about $64 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.64%
- Gross expense ratio: 0.64%
- Portfolio turnover: 35%
- Brokerage commissions: 0.07 bps of average net assets (SEC N-CEN)
C000202806 Cashflows
Over the 12 months to 2025-09, Putnam Tax Exempt Income Fund had net outflows of $79.64M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-09 | −$15.79M |
| 2025-08 | −$10.55M |
| 2025-07 | −$6.40M |
| 2025-06 | −$6.01M |
| 2025-05 | −$6.88M |
| 2025-04 | −$4.94M |
C000202806 Debt Constituents
Largest debt holdings of Putnam Tax Exempt Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Empire State Development Corp. | 2.03% |
| Wisconsin Health & Educational Facilities Authority | 1.53% |
| New York State Thruway Authority | 1.42% |
| Williamson County Industrial Development Board | 1.31% |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue | 1.22% |
| Alaska Industrial Development & Export Authority | 1.21% |
| Orange County Health Facilities Authority | 1.20% |
| Port Authority of Houston of Harris County Texas | 1.14% |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue | 1.13% |
| FHLMC Multifamily VRD Certificates | 1.13% |
C000202806 Prospectus and SEC Filings
Official Putnam Tax Exempt Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-01-28
- Prospectus (485BPOS) — filed 2024-01-26
- Prospectus (485BPOS) — filed 2023-01-25
- Portfolio holdings (N-PORT) — filed 2025-11-24
- Portfolio holdings (N-PORT) — filed 2025-08-26
- Portfolio holdings (N-PORT) — filed 2025-05-29
- Annual census (N-CEN) — filed 2025-12-12
- Annual census (N-CEN) — filed 2023-12-08
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.