PPNBX — Putnam Pennsylvania Tax Exempt Income Fund
Data updated: 2025-10-27
PPNBX — Putnam Pennsylvania Tax Exempt Income Fund. Long Municipal - National Bond · $92.21M AUM. Holdings, fees, performance and SEC filings.
PPNBX Fund Overview
PPNBX — Putnam Pennsylvania Tax Exempt Income Fund is a US mutual fund managed by Putnam Pennsylvania 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 Pennsylvania Tax Exempt Income Fund
- Category: Long Municipal - National Bond
- Assets under management: $92.21M
- 1-year return: 7.3%
- Ticker: PPNBX
- SEC CIK: 0000794615
- SEC series ID: S000006567
- Share class ID: C000017916
PPNBX Investment Objective and Strategy
Putnam Pennsylvania Tax Exempt Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Putnam Pennsylvania Tax Exempt Income Fund.
Investment objective
Putnam Pennsylvania Tax Exempt Income Fund seeks as high a level of current income exempt from federal income tax and Pennsylvania 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 Pennsylvania 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 Pennsylvania 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.
PPNBX Holdings
Top 10 holdings of Putnam Pennsylvania Tax Exempt Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Putnam Funds Trust | 2.68% |
| Philadelphia Gas Works Co. | 2.68% |
| Interboro School District | 2.52% |
| Pennsylvania State University (The) | 2.42% |
| Wilkes-Barre Area School District/PA | 2.10% |
| Pennsylvania Economic Development Financing Authority | 1.98% |
| Southeastern Pennsylvania Transportation Authority | 1.93% |
| Allegheny County Hospital Development Authority | 1.87% |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue | 1.79% |
| Pennsylvania Turnpike Commission | 1.77% |
PPNBX Portfolio Allocation
Asset-class allocation of Putnam Pennsylvania Tax Exempt Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 100.5% |
| Other | 2.7% |
| Cash & Equivalents | 0.1% |
PPNBX Performance
Total returns for PPNBX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 7.3% |
| 3 years (annualised) | -1.3% |
| 5 years (annualised) | 0.4% |
PPNBX Risk Information
Risk metrics for PPNBX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.4%
PPNBX Costs and Fees
PPNBX costs about $147 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.47%
- Gross expense ratio: 1.47%
- Portfolio turnover: 11%
- Brokerage commissions: 0.01 bps of average net assets (SEC N-CEN)
PPNBX Cashflows
Over the 12 months to 2025-08, Putnam Pennsylvania Tax Exempt Income Fund had net outflows of $7.29M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-08 | −$2.82M |
| 2025-07 | $896.45K |
| 2025-06 | −$2.09M |
| 2025-05 | $233.72K |
| 2025-04 | $241.78K |
| 2025-03 | −$1.21M |
PPNBX Debt Constituents
Largest debt holdings of Putnam Pennsylvania Tax Exempt Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Philadelphia Gas Works Co. | 2.68% |
| Interboro School District | 2.52% |
| Pennsylvania State University (The) | 2.42% |
| Wilkes-Barre Area School District/PA | 2.10% |
| Pennsylvania Economic Development Financing Authority | 1.98% |
| Southeastern Pennsylvania Transportation Authority | 1.93% |
| Allegheny County Hospital Development Authority | 1.87% |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue | 1.79% |
| Pennsylvania Turnpike Commission | 1.77% |
| Pennsylvania Economic Development Financing Authority | 1.68% |
PPNBX Prospectus and SEC Filings
Official Putnam Pennsylvania 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.