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Putnam Michigan Tax Exempt Income Fund

PMEBX:US
NASDAQ GM
8.99
USD
0.01
0.11%
As of 9:29 AM EDT 3/23/2017
Fund Type
Open-End Fund
52Wk Range
8.90 - 9.43
1 Yr Return
-0.55%
YTD Return
0.71%
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Previous Close
8.98
52Wk Range
8.90 - 9.43
1 Yr Return
-0.65%
YTD Return
0.71%
Fund Type
Open-End Fund
Objective
Muni Single State Long
Asset Class Focus
Fixed Income
Geographic Focus
Michigan
NAV (on 03/23/2017)
8.99
Total Assets (m USD) (on 02/28/2017)
77.372
Inception Date
07/15/1993
Last Dividend (on 03/23/2017)
0.00050602
Dividend Indicated Gross Yield
2.23%
Fund Managers
PAUL M DRURY / GARRETT HAMILTON
Front Load Fee
0.00%
Back Load Fee
5.00%
Redemption Fee
0.00%
12b-1 Fee
0.85%
Current Mgmt Fee
0.43%
Expense Ratio
1.51%

Top Fund Holdings

Name Position Value % of Fund
3.00 k 3.52 m 4.53
2.00 k 2.09 m 2.69
1.50 k 1.80 m 2.32
1.50 k 1.62 m 2.08
1.32 k 1.36 m 1.75
1.00 k 1.17 m 1.51
1.00 k 1.14 m 1.47
1.00 k 1.14 m 1.47
1.00 k 1.12 m 1.44
1.00 k 1.11 m 1.43
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. It tracks a Bloomberg Barclays Index.
Address
Putnam Investments
One Post Office Square
Boston, MA 02109
Phone
1-800-225-1581