C000202927 Performance — Putnam Massachusetts Tax Exempt Income Fund, CL R6
Data updated: 2025-10-27
C000202927 returned −1.20% over one year to Aug 2025. Annualised returns are +2.39% over 3 years and +0.07% over 5 years. The fund beat its Long-Term Municipal Bond category average: $100 invested three years ago grew to $107, against $107 for the category, and to $99 over one year, against $98. Volatility over the past three years was 7.12% a year. In the 12 months to Aug 2025 the fund took in a net $21.7M, and assets reached $251.51M.
C000202927 Growth of $100
What $100 invested in Putnam Massachusetts Tax Exempt Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | C000202927 | Category average |
|---|---|---|
| 1 year (Sep 2024 – Aug 2025) | $99 | $98 |
| 3 years (Sep 2022 – Aug 2025) | $107 | $107 |
| 5 years (Sep 2020 – Aug 2025) | $100 | $100 |
| Since data start (Sep 2019 – Aug 2025) | $103 | $102 |
C000202927 Trailing Returns
Total returns to Aug 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −1.20% |
| 3 years (annualised) | +2.39% |
| 5 years (annualised) | +0.07% |
C000202927 Annual Returns
Calendar-year total returns of Putnam Massachusetts Tax Exempt Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Aug) | −3.40% |
| 2024 | +7.23% |
| 2023 | +5.90% |
| 2022 | −11.03% |
| 2021 | +3.33% |
| 2020 | +1.64% |
| 2019 (Sep–Dec) | +0.83% |
C000202927 Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +0.1% | −1.4% | −1.7% | −0.6% | −0.5% | +0.5% | −0.5% | +0.8% | — | — | — | — |
| 2024 | −0.1% | +2.8% | +0.1% | −1.2% | +0.1% | +0.6% | +0.8% | +1.7% | +1.5% | −1.4% | +1.1% | +1.1% |
| 2023 | +3.2% | −0.2% | −0.9% | −0.1% | +2.1% | −1.4% | +0.2% | +0.8% | +6.6% | −1.4% | −2.8% | 0.0% |
| 2022 | −2.5% | +0.2% | +1.1% | −3.3% | −3.1% | −2.5% | +3.0% | −2.1% | +5.5% | −1.1% | −4.0% | −2.3% |
| 2021 | +0.6% | +0.7% | +0.5% | +1.1% | +0.6% | −0.4% | +0.8% | +0.3% | +1.0% | −0.1% | −0.9% | −0.6% |
| 2020 | +1.8% | +0.2% | +3.2% | −1.9% | −3.7% | −0.3% | +1.7% | +1.2% | +1.4% | −0.2% | 0.0% | −1.6% |
| 2019 | — | — | — | — | — | — | — | — | +0.1% | +0.1% | −0.7% | +1.3% |
C000202927 Risk
Risk measures from monthly returns over Sep 2022 – Aug 2025.
- 3-year volatility (annualised): 7.12%
- 3-year Sharpe ratio: -0.30 (vs 4.5% risk-free rate)
- Best month: +6.60% (Sep 2023)
- Worst month: −4.02% (Nov 2022)
C000202927 Fund Flows
Monthly money in and out of Putnam Massachusetts Tax Exempt Income Fund, from SEC Form N-PORT.
- 12-month net flow: $21.7M
- 12-month gross sales (incl. reinvestments): $80.7M
- Sales ÷ redemptions: 1.37×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Aug 2025 | $6.9M | $7.1M | −$206K |
| Jul 2025 | $5.1M | $5.1M | $55K |
| Jun 2025 | $24.9M | $7.3M | $17.6M |
| May 2025 | $7.6M | $3.9M | $3.8M |
| Apr 2025 | $5.5M | $6.2M | −$645K |
| Mar 2025 | $4.5M | $3.3M | $1.2M |
| Feb 2025 | $7.9M | $9.3M | −$1.4M |
| Jan 2025 | $5.6M | $3.7M | $1.9M |
| Dec 2024 | $4.5M | $5.4M | −$956K |
| Nov 2024 | $4.1M | $3.6M | $432K |
| Oct 2024 | $4.1M | $4.1M | −$55K |
| Sep 2024 | $0 | $0 | $0 |
C000202927 Assets Under Management
Net assets of Putnam Massachusetts Tax Exempt Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-08-31 | $251.51M |
| 2025-05-31 | $234.42M |
| 2025-02-28 | $238.79M |
| 2024-11-30 | $241.87M |
| 2024-08-31 | $241.50M |
| 2024-05-31 | $248.76M |
| 2024-02-29 | $253.69M |
| 2023-11-30 | $245.66M |
| 2023-08-31 | $247.22M |
| 2023-05-31 | $252.80M |
| 2023-02-28 | $247.86M |
| 2022-11-30 | $240.12M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.