PMTBX — Putnam Minnesota Tax Exempt Income Fund
Data updated: 2025-10-27
PMTBX — Putnam Minnesota Tax Exempt Income Fund. Long Municipal - National Bond · $174.20M AUM. Holdings, fees, performance and SEC filings.
PMTBX Fund Overview
PMTBX — Putnam Minnesota Tax Exempt Income Fund is a US mutual fund managed by Putnam Minnesota 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 Minnesota Tax Exempt Income Fund
- Category: Long Municipal - National Bond
- Assets under management: $174.20M
- 1-year return: 6.0%
- Ticker: PMTBX
- SEC CIK: 0000794612
- SEC series ID: S000006218
- Share class ID: C000017145
PMTBX Investment Objective and Strategy
Putnam Minnesota Tax Exempt Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Putnam Minnesota Tax Exempt Income Fund.
Investment objective
Putnam Minnesota Tax Exempt Income Fund seeks as high a level of current income exempt from federal income tax and Minnesota personal income tax 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 Minnesota personal 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. Such tax-exempt investments in which the fund invests 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 Minnesota 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.
PMTBX Holdings
Top 10 holdings of Putnam Minnesota Tax Exempt Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Minnesota Higher Education Facilities Authority | 2.52% |
| City of Minneapolis MN | 2.39% |
| Minnesota Municipal Gas Agency | 2.33% |
| State of Minnesota | 2.12% |
| City of Minneapolis MN | 2.04% |
| Western Minnesota Municipal Power Agency | 2.02% |
| County of Hennepin MN | 1.83% |
| Hennepin County Regional Railroad Authority | 1.80% |
| State of Minnesota | 1.80% |
| State of Minnesota | 1.73% |
PMTBX Portfolio Allocation
Asset-class allocation of Putnam Minnesota Tax Exempt Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.7% |
| Other | 0.5% |
PMTBX Performance
Total returns for PMTBX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 6.0% |
| 3 years (annualised) | -1.1% |
| 5 years (annualised) | 0.1% |
PMTBX Risk Information
Risk metrics for PMTBX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.6%
PMTBX Costs and Fees
PMTBX costs about $150 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.50%
- Gross expense ratio: 1.50%
- Portfolio turnover: 6%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
PMTBX Cashflows
Over the 12 months to 2025-08, Putnam Minnesota Tax Exempt Income Fund had net outflows of $6.79M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-08 | −$3.39M |
| 2025-07 | −$220.80K |
| 2025-06 | −$1.87M |
| 2025-05 | −$2.29M |
| 2025-04 | −$662.68K |
| 2025-03 | −$1.16M |
PMTBX Debt Constituents
Largest debt holdings of Putnam Minnesota Tax Exempt Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Minnesota Higher Education Facilities Authority | 2.52% |
| City of Minneapolis MN | 2.39% |
| Minnesota Municipal Gas Agency | 2.33% |
| State of Minnesota | 2.12% |
| City of Minneapolis MN | 2.04% |
| Western Minnesota Municipal Power Agency | 2.02% |
| County of Hennepin MN | 1.83% |
| Hennepin County Regional Railroad Authority | 1.80% |
| State of Minnesota | 1.80% |
| State of Minnesota | 1.73% |
PMTBX Prospectus and SEC Filings
Official Putnam Minnesota Tax Exempt Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-09-25
- Prospectus (485BPOS) — filed 2024-09-26
- Prospectus (485BPOS) — filed 2023-09-28
- 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 2025-08-11
- Annual census (N-CEN) — filed 2024-08-09
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.