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Putnam Michigan Tax Exempt Income Fund

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PMIMX:US
NASDAQ GM
9.33
USD
0.00
0.00%
As of 9:29 AM EST on 2/10/2016.
Fund Type
Open-End Fund
52Wk Range
9.15 - 9.35
1 Yr Return
2.62%
YTD Return
1.28%
Previous Close
9.33
52Wk Range
9.15 - 9.35
1 Yr Return
2.52%
YTD Return
1.28%
Fund Type
Open-End Fund
Objective
Muni Single State Long
Asset Class Focus
Fixed Income
Geographic Focus
Michigan
NAV (on 02/10/2016)
9.33
Total Assets (m USD) (on 01/29/2016)
72.580
Inception Date
04/17/1995
Last Dividend (on 02/10/2016)
0.00072213
Dividend Indicated Gross Yield
2.48%
Fund Managers
THALIA MEEHAN / PAUL M DRURY
Front Load Fee
3.25%
Back Load Fee
0.00%
Redemption Fee
0.00%
12b-1 Fee
0.50%
Current Mgmt Fee
0.43%
Expense Ratio
1.14%
Top Fund Holdings
Name Position Value % of Fund
MI STRAT FD-WORTHINGT 3.00 k 3.69 m 5.10
KALAMAZOO HOSP REF-A 2.00 k 2.18 m 3.01
MI STRAT REF DETRO-BB 1.50 k 1.89 m 2.62
MI STRAT FD HOUSE -A 1.50 k 1.68 m 2.32
MI HOSP-RF-A-HENRY FO 1.50 k 1.56 m 2.16
MI BLDG AUTH-I-PREREF 1.21 k 1.39 m 1.92
DETROIT DEV REF 1-A 1.32 k 1.35 m 1.86
HOLLAND SD-REF 1.00 k 1.19 m 1.64
GRAND RAPIDS SANTN 1.00 k 1.18 m 1.64
MI HOSP-A-MIDMICHIGAN 1.00 k 1.17 m 1.62
Profile
Putnam Michigan Tax Exempt Income Fund is an open-end fund incorporated in the USA. The Fund seeks current income exempt from federal and Michigan income taxes. The Fund invests mainly in investment-grade bonds that have intermediate to long-term maturities. It normally invests at least 80% of its assets in tax exempt securities.
ADDRESS
Putnam Investments
One Post Office Square
Boston, MA 02109
PHONE
1-800-225-1581