PTAEX

About PTAEX

Putnam Tax Exempt Income Fund Class A is an open‑end mutual fund focused on generating federally tax‑free income through a diversified portfolio of U.S. municipal bonds. The fund seeks a high level of current income exempt from federal income tax while emphasizing preservation of capital, allocating across states, credit tiers, and sectors such as essential services, transportation, healthcare, and education to balance yield and credit risk. Managed within Franklin Templeton’s municipal platform, the strategy employs active credit research and duration management to navigate interest‑rate cycles and evolving municipal credit conditions. The fund’s structure targets individual investors seeking tax‑advantaged income, with published expense and minimum investment levels typical for Class A shares. Its role in the market is to provide access to a broad, professionally managed municipal bond portfolio that can complement taxable fixed income holdings, potentially enhancing after‑tax income for investors in higher tax brackets while maintaining diversified exposure to the U.S. muni market. Investors should note sponsor communications regarding an anticipated reorganization into a municipal income exchange‑traded vehicle within the Putnam ETF Trust framework.