PXOHX

About PXOHX

Putnam Ohio Tax Exempt Income Fund Class A is a municipal bond mutual fund designed to provide investors with a high level of current income that is exempt from both federal income tax and Ohio personal income tax. The fund primarily invests in a diverse portfolio of municipal securities issued by entities within Ohio, focusing on sectors such as health care, education, utilities, and local government. Its holdings are structured to balance income generation with capital preservation, drawing from a mix of high-quality credits including AAA, AA, and A-rated bonds, alongside select BBB and below-investment-grade obligations. The fund’s sector allocation as of mid-2025 reflects substantial exposure to essential public services and infrastructure development. By targeting tax-exempt Ohio municipal bonds, this fund serves as a specialist vehicle for Ohio residents aiming to maximize after-tax income, fulfill state-specific tax planning needs, and contribute to local economic projects. Its role in the market is to offer tailored tax advantages alongside the stability and income potential associated with municipal debt investments.