497 1 a_multisupp.htm PUTNAM MULTIFUND a_multisupp.htm
Prospectus Supplement   December 31, 2016 

 

Putnam AMT-Free  Putnam New Jersey 
Municipal Fund  Tax Exempt Income Fund 
Prospectus dated November 30, 2016  Prospectus dated September 30, 2016 
 
Putnam Arizona  Putnam New York 
Tax Exempt Income Fund  Tax Exempt Income Fund 
Prospectus dated September 30, 2016  Prospectus dated March 30, 2016 
 
Putnam California  Putnam Ohio 
Tax Exempt Income Fund  Tax Exempt Income Fund 
Prospectus dated January 30, 2016  Prospectus dated September 30, 2016 
 
Putnam Massachusetts  Putnam Pennsylvania 
Tax Exempt Income Fund  Tax Exempt Income Fund 
Prospectus dated September 30, 2016  Prospectus dated September 30, 2016 
 
Putnam Michigan  Putnam Tax Exempt Income Fund 
Tax Exempt Income Fund  Prospectus dated January 30, 2016 
Prospectus dated September 30, 2016 
  Putnam Tax-Free High Yield Fund
Putnam Minnesota  Prospectus dated November 30, 2016 
Tax Exempt Income Fund   
Prospectus dated September 30, 2016   

 

_______________________________________________________________ 

The sub-section Your fund’s management in the section Fund summary or Fund summaries and the sub-section The fund’s investment manager or The funds’ investment manager in the section Who oversees and manages the fund? or Who oversees and manages the funds? are supplemented to reflect that each fund’s portfolio managers are now Paul Drury and Garrett Hamilton, CFA.

Mr. Hamilton, who joined each fund in December 2016, has been employed by Putnam since 2016 as a Portfolio Manager. Prior to joining Putnam, Mr. Hamilton was a Portfolio Manager at BNY Mellon from 2010 to 2016.

Additional information regarding Mr. Drury, including his business experience during the last five years, is set forth in each fund’s prospectus.

The SAI provides information about these individuals’ compensation, other accounts managed by these individuals and these individuals’ ownership of securities in each fund.


304589 12/16 

 



Statement of Additional Information Supplement  December 31, 2016 

Putnam AMT-Free Municipal Fund   
Statement of Additional Information dated November 30, 2016   
 
Putnam Arizona Tax Exempt Income Fund   
Statement of Additional Information dated September 30, 2016   
 
Putnam California Tax Exempt Income Fund   
Statement of Additional Information dated January 30, 2016   
 
Putnam Massachusetts Tax Exempt Income Fund   
Statement of Additional Information dated September 30, 2016   
 
Putnam Michigan Tax Exempt Income Fund   
Statement of Additional Information dated September 30, 2016   
 
Putnam Minnesota Tax Exempt Income Fund   
Statement of Additional Information dated September 30, 2016   
 
Putnam New Jersey Tax Exempt Income Fund   
Statement of Additional Information dated September 30, 2016   
 
Putnam New York Tax Exempt Income Fund   
Statement of Additional Information dated March 30, 2016   
 
Putnam Ohio Tax Exempt Income Fund   
Statement of Additional Information dated September 30, 2016   
 
Putnam Pennsylvania Tax Exempt Income Fund   
Statement of Additional Information dated September 30, 2016   
 
Putnam Tax Exempt Income Fund   
Statement of Additional Information dated January 30, 2016   
 
Putnam Tax-Free High Yield Fund   
Statement of Additional Information dated November 30, 2016   

 

The sub-sections Other accounts managed and Ownership of securities in the PORTFOLIO MANAGERS section are supplemented to reflect that each fund’s portfolio managers are now Paul Drury and Garrett Hamilton, CFA. These sub-sections are also supplemented with regards solely to Mr. Hamilton as follows:

Other accounts managed

The following table shows the number and approximate assets of other investment accounts (or portions of investment accounts) that each fund’s portfolio manager managed as of November 30, 2016. The other accounts may include accounts for which this individual was not designated as a portfolio manager. Unless noted, none of the other accounts pays a fee based on the account's performance.



          Other accounts (including 
          separate accounts, managed 
  Other SEC-registered  Other accounts that pool  account programs and 
  open-end and closed-end  assets from more than  single-sponsor defined 
Portfolio manager  funds one client  contribution plan offerings) 

  Number of  Assets  Number of  Assets  Number of  Assets 
  accounts    accounts    accounts   

Garrett Hamilton  0  $0  0  $0  0  $0 

 

Ownership of securities

The dollar range of shares of each fund owned by the portfolio manager as of November 30, 2016, including investments by immediate family members and amounts invested through retirement and deferred compensation plans, was as follows:

Portfolio manager  Dollar range of shares owned 

Garrett Hamilton  $0 

 


12/16