PXMAX — Putnam Massachusetts Tax Exempt Income Fund
Data updated: 2025-10-27
PXMAX — Putnam Massachusetts Tax Exempt Income Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $251.51M AUM · 0.80% expense ratio · -1.6% 1-yr return. From SEC regulatory filings.
PXMAX Fund Overview
PXMAX — Putnam Massachusetts Tax Exempt Income Fund is a US mutual fund managed by Putnam Massachusetts Tax Exempt Income Fund/ma/, 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 Massachusetts Tax Exempt Income Fund/ma/
- Category: Long Municipal - National Bond
- Assets under management: $251.51M
- 1-year return: -1.6%
- Ticker: PXMAX
- SEC CIK: 0000792288
- SEC series ID: S000006210
- Share class ID: C000017120
PXMAX Holdings
Top 10 holdings of Putnam Massachusetts Tax Exempt Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Massachusetts Development Finance Agency | 3.18% |
| Massachusetts Development Finance Agency | 2.21% |
| Commonwealth of Massachusetts | 2.02% |
| Commonwealth of Massachusetts | 2.01% |
| Massachusetts Bay Transportation Authority Sales Tax Revenue | 1.78% |
| Massachusetts Development Finance Agency | 1.61% |
| Massachusetts Housing Finance Agency | 1.61% |
| Massachusetts Development Finance Agency | 1.60% |
| Commonwealth of Massachusetts Transportation Fund Revenue | 1.56% |
| Town of North Reading MA | 1.49% |
PXMAX Portfolio Allocation
Asset-class allocation of Putnam Massachusetts Tax Exempt Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 94.4% |
| Cash & Equivalents | 4.2% |
| Other | 0.7% |
PXMAX Performance
Total returns for PXMAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -1.6% |
| 3 years (annualised) | 2.1% |
| 5 years (annualised) | -0.2% |
PXMAX Risk Information
Risk metrics for PXMAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.7%
PXMAX Costs and Fees
PXMAX costs about $80 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.80%
- Gross expense ratio: 0.80%
- Portfolio turnover: 17%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
PXMAX Cashflows
Over the 12 months to 2025-08, Putnam Massachusetts Tax Exempt Income Fund had net inflows of $20.87M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-08 | −$205.68K |
| 2025-07 | $55.49K |
| 2025-06 | $17.64M |
| 2025-05 | $3.75M |
| 2025-04 | −$644.92K |
| 2025-03 | $1.16M |
PXMAX Debt Constituents
Largest debt holdings of Putnam Massachusetts Tax Exempt Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Massachusetts Development Finance Agency | 2.21% |
| Commonwealth of Massachusetts | 2.02% |
| Commonwealth of Massachusetts | 2.01% |
| Massachusetts Bay Transportation Authority Sales Tax Revenue | 1.78% |
| Massachusetts Development Finance Agency | 1.61% |
| Massachusetts Housing Finance Agency | 1.61% |
| Massachusetts Development Finance Agency | 1.60% |
| Commonwealth of Massachusetts Transportation Fund Revenue | 1.56% |
| Town of North Reading MA | 1.49% |
| City of Brockton MA | 1.37% |
PXMAX Prospectus and SEC Filings
Official Putnam Massachusetts Tax Exempt Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
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.