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Putnam Michigan Tax Exempt Income Fund

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PXMIX:US
NASDAQ GM
9.18
USD
0.01
0.11%
As of 09:29:30 ET on 09/03/2015.
Fund Type
Open-End Fund
52Wk Range
9.15 - 9.45
1 Yr Return
2.64%
YTD Return
0.50%
Previous Close
9.17
52Wk Range
9.15 - 9.45
1 Yr Return
2.64%
YTD Return
0.50%
Fund Type
Open-End Fund
Objective
Muni Single State Long
Asset Class Focus
Fixed Income
Geographic Focus
Michigan
NAV (on 09/03/2015)
9.18
Total Assets (m USD) (on 08/31/2015)
70.289
Inception Date
10/23/1989
Last Dividend (on 09/03/2015)
0.0007964
Dividend Indicated Gross Yield
3.02%
Fund Managers
THALIA MEEHAN / PAUL M DRURY
Front Load Fee
4.00%
Back Load Fee
1.00%
Redemption Fee
0.00%
12b-1 Fee
0.22%
Current Mgmt Fee
0.44%
Expense Ratio
0.85%
Top Fund Holdings
Name Position Value % of Fund
MI STRAT FD-WORTHINGT 1.35 k 3.63 m 5.22
MI BLDG 2.00 k 2.30 m 3.30
KALAMAZOO HOSP REF-A 2.00 k 2.19 m 3.14
MI STRAT REF DETRO-BB 4.00 k 1.89 m 2.72
MI STRAT FD HOUSE -A 1.50 k 1.71 m 2.45
MI HOSP-RF-A-HENRY FO 4.41 k 1.56 m 2.25
DETROIT DEV REF 1-A 1.32 k 1.33 m 1.91
MI HOSP-A-MIDMICHIGAN 2.50 k 1.19 m 1.71
HOLLAND SD-REF 1.00 k 1.16 m 1.66
GRAND RAPIDS SANTN 1.00 k 1.15 m 1.66
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