Putnam Ohio Tax Exempt Income Fund Class R6 is a municipal bond mutual fund focused on generating tax-exempt income, particularly for residents of Ohio. The fund primarily invests in bonds that pay interest exempt from both federal and Ohio personal income tax, making it particularly appealing for investors seeking to maximize after-tax returns while maintaining capital preservation. Its portfolio selection emphasizes bonds believed to offer a high current income in line with risk controls, managed by experienced portfolio managers. The fund pays monthly dividends and is designed for those interested in stable, tax-efficient income. Beyond its regional specialization, the fund contributes to the demand for public infrastructure financing in Ohio, serving as a conduit between local governments and investors seeking tax-advantaged income. Its Class R6 shares are typically available to institutional investors or retirement plans, emphasizing cost efficiency and broad accessibility within these channels. With substantial assets under management and a consistent dividend yield, this fund plays a significant role in the tax-exempt municipal bond segment and supports both public projects and investor income needs.
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