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Putnam Michigan Tax Exempt Income Fund

PMIMX:US
NASDAQ GM
9.36
USD
0.00
0.00%
As of 9:29 AM EDT 7/26/2016
Fund Type
Open-End Fund
52Wk Range
9.15 - 9.44
1 Yr Return
4.60%
YTD Return
2.81%
Previous Close
9.36
52Wk Range
9.15 - 9.44
1 Yr Return
4.74%
YTD Return
2.81%
Fund Type
Open-End Fund
Objective
Muni Single State Long
Asset Class Focus
Fixed Income
Geographic Focus
Michigan
NAV (on 07/26/2016)
9.36
Total Assets (m USD) (on 06/30/2016)
79.398
Inception Date
04/17/1995
Last Dividend (on 07/26/2016)
0.00060423
Dividend Indicated Gross Yield
2.52%
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
3.00 k 3.75 m 5.08
2.00 k 2.19 m 2.97
1.50 k 1.92 m 2.60
1.50 k 1.69 m 2.29
1.50 k 1.57 m 2.12
1.32 k 1.33 m 1.80
1.00 k 1.20 m 1.62
1.00 k 1.18 m 1.60
1.00 k 1.18 m 1.60
1.00 k 1.17 m 1.59
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