PTEIX

About PTEIX

Putnam New York Tax Exempt Income Fund Class A is an open-ended mutual fund that focuses on delivering tax-exempt income to investors, primarily New York residents. The fund predominantly invests in investment grade municipal bonds issued by New York State and its local governments, agencies, and authorities. Its main objective is to provide a high level of current income that is exempt from federal as well as New York State and City personal income taxes, making it especially attractive for investors seeking tax-efficient income solutions. The portfolio managers actively manage allocations based on factors such as credit quality, interest rate and prepayment risks, and overall market conditions, with a typical emphasis on intermediate- and long-term maturities. The fund serves as a tool for investors aiming to preserve capital while offsetting tax liabilities, and it plays an important role in the municipal bond segment by channeling capital into essential public infrastructure projects within New York. Launched in 1983, it is managed by Putnam Investment Management, LLC, and is benchmarked against the Bloomberg Municipal Bond Index.