PMABX Performance — Putnam Massachusetts Tax Exempt Income Fund, CL B
Data updated: 2025-10-27
PMABX returned +6.23% over one year to Aug 2024. Annualised returns are −1.46% over 3 years and +0.04% over 5 years. The fund trailed its Long-Term Municipal Bond category average: $100 invested three years ago grew to $96, against $97 for the category, and to $106 over one year, against $107. Volatility over the past three years was 7.91% a year. In the 12 months to Aug 2025 the fund took in a net $21.7M, and assets reached $251.51M.
PMABX 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 | PMABX | Category average |
|---|---|---|
| 1 year (Sep 2023 – Aug 2024) | $106 | $107 |
| 3 years (Sep 2021 – Aug 2024) | $96 | $97 |
| 5 years (Sep 2019 – Aug 2024) | $100 | $104 |
PMABX Trailing Returns
Total returns to Aug 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +6.23% |
| 3 years (annualised) | −1.46% |
| 5 years (annualised) | +0.04% |
PMABX 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 |
|---|---|
| 2024 (Jan–Aug) | +4.24% |
| 2023 | +5.01% |
| 2022 | −11.83% |
| 2021 | +2.37% |
| 2020 | +0.78% |
| 2019 (Sep–Dec) | +0.65% |
PMABX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | −0.2% | +2.7% | 0.0% | −1.3% | +0.1% | +0.5% | +0.7% | +1.6% | — | — | — | — |
| 2023 | +3.1% | −0.3% | −1.0% | −0.2% | +2.0% | −1.5% | +0.1% | +0.8% | +6.4% | −1.5% | −2.8% | 0.0% |
| 2022 | −2.5% | 0.0% | +1.0% | −3.4% | −3.2% | −2.5% | +2.9% | −2.2% | +5.3% | −1.0% | −4.1% | −2.4% |
| 2021 | +0.4% | +0.6% | +0.4% | +1.0% | +0.5% | −0.5% | +0.6% | +0.2% | +0.9% | −0.2% | −0.9% | −0.6% |
| 2020 | +1.7% | +0.2% | +3.1% | −1.9% | −3.8% | −0.5% | +1.7% | +1.1% | +1.3% | −0.3% | 0.0% | −1.6% |
| 2019 | — | — | — | — | — | — | — | — | +0.1% | +0.1% | −0.8% | +1.3% |
PMABX Risk
Risk measures from monthly returns over Sep 2021 – Aug 2024.
- 3-year volatility (annualised): 7.91%
- 3-year Sharpe ratio: -0.75 (vs 4.5% risk-free rate)
- Best month: +6.42% (Sep 2023)
- Worst month: −4.12% (Nov 2022)
PMABX 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 |
PMABX 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.