XML 35 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Shareholder Report
 12 Months Ended
Sep. 30, 2024
USD ($)
$ / shares
Shareholder Report [Line Items]  
Document Type N-CSR
Amendment Flag false
Registrant Name PUTNAM TAX EXEMPT INCOME FUND
Entity Central Index Key 0000205802
Entity Investment Company Type N-1A
Document Period End Date Sep. 30, 2024
Class A  
Shareholder Report [Line Items]  
Fund Name Putnam Tax Exempt Income Fund
Class Name Class A
Trading Symbol PTAEX
Annual or Semi-Annual Statement [Text Block] This annual shareholder report contains important information about Putnam Tax Exempt Income Fund for the period October 1, 2023, to September 30, 2024.
Shareholder Report Annual or Semi-Annual annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) 225-1581.
Material Fund Change Notice [Text Block]
This report describes changes to the Fund that occurred during the reporting period.
Additional Information Phone Number (800) 225-1581
Additional Information Website https://www.franklintempleton.com/regulatory-fund-documents
Expenses [Text Block]
WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)
Class Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class A
$98
0.92%
Expenses Paid, Amount $ 98
Expense Ratio, Percent 0.92%
Factors Affecting Performance [Text Block]
HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?
For the twelve months ended September 30, 2024, Class A shares of Putnam Tax Exempt Income Fund returned 13.19%. The Fund compares its performance to the Bloomberg Municipal Bond Index, which returned 10.37% for the same period.
PERFORMANCE HIGHLIGHTS
Top contributors to performance:
↑
The Fund outperformed its benchmark, helped by its longer duration position as yields declined across the curve. In particular an overweight to bonds with 12 or more years to maturity supported relative returns.
↑
The portfolio’s overall credit quality positioning also assisted returns, driven by an underweight to AA rated bonds and overweights to A and BBB rated issues.
↑
In terms of relative sector allocations, overweight exposure to charter schools, hospital systems and airports supported relative results.
Top detractors from performance:
↓
Underweight allocation to bonds with no external credit rating and to AAA rated securities.
↓
Overweights to the multi-family housing sector and to prerefunded securities.
Performance Past Does Not Indicate Future [Text] The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future.
Line Graph [Table Text Block]
image
Average Annual Return [Table Text Block]
AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended September 30, 2024
 
1 Year
5 Year
10 Year
Class A
13.19
1.38
2.52
Class A (with sales charge)
8.67
0.56
2.10
Bloomberg Municipal Bond Index
10.37
1.39
2.52
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Material Change Date Oct. 01, 2023
Updated Performance Information Location [Text Block]
For current month-end performance, please call Franklin Templeton at (800) 225-1581 or visit https://www.franklintempleton.com/investments/options/mutual-funds.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Net Assets $ 614,607,220
Holdings Count | $ / shares 318 [1]
Advisory Fees Paid, Amount $ 2,606,990
Investment Company Portfolio Turnover 35.00%
Additional Fund Statistics [Text Block]
KEY FUND STATISTICS (as of September 30, 2024)
Total Net Assets
$614,607,220
Total Number of Portfolio Holdings*
318
Total Management Fee Paid
$2,606,990
Portfolio Turnover Rate
35%
[1]
Holdings [Text Block]
image
 [2]
Material Fund Change [Text Block]
HOW HAS THE FUND CHANGED?
On May 31, 2023, Franklin Resources, Inc. (“Franklin Resources”) and Great-West Lifeco Inc., the parent company of Putnam U.S. Holdings I, LLC (“Putnam Holdings”), announced that they had entered into a definitive agreement for a subsidiary of Franklin Resources to acquire Putnam Holdings in a stock and cash transaction (the “Transaction”). The Transaction was completed on January 1, 2024. As part of the Transaction, your Fund’s then-current investment advisor, Putnam Investment Management, LLC (“Putnam Management”), a wholly-owned subsidiary of Putnam Holdings, and your Fund’s sub-advisor, Putnam Investments Limited (“PIL”), an indirect, wholly-owned subsidiary of Putnam Holdings, became indirect, wholly-owned subsidiaries of Franklin Resources. In connection with the Transaction, shareholders of your Fund approved a new management contract with Putnam Management and a new sub-advisory contract with PIL. The new contracts are identical to the previous contracts, except for the effective dates, initial terms, updates to fund names as necessary to reflect previous name changes, and certain non-substantive changes.
Effective July 15, 2024, Putnam Management transferred its management contract for your Fund to Franklin Advisers, Inc. (“Franklin Advisers”), and Franklin Advisers replaced Putnam Management as the investment advisor to your Fund. In connection with the transfer, your Fund’s portfolio managers, along with supporting research analysts and certain other investment staff of Putnam Management, also became employees of Franklin Advisers. Putnam Management also transferred to Franklin Advisers its sub-management agreement with PIL in respect of your Fund. Franklin Advisers is an indirect, wholly-owned subsidiary of Franklin Resources. In addition, effective July 15, 2024, Franklin Advisers retained Putnam Management as a sub-advisor to your Fund pursuant to a new subadvisory agreement.
Effective September 30, 2024, the portfolio managers for the Fund are Paul Drury, Garrett Hamilton, Benjamin Barber, James Conn, Francisco Rivera and Daniel Workman.
This is a summary of certain changes to the Fund since October 1, 2023. For more complete information, you may review the Fund’s current prospectus and any applicable supplements and the Fund’s next prospectus, which we expect to be available by February 1, 2025, at https://www.franklintempleton.com/regulatory-fund-documents or upon request at (800) 225-1581 or       
funddocuments@putnam.com.
Updated Prospectus Phone Number (800) 225-1581
Updated Prospectus Email Address funddocuments@putnam.com
Updated Prospectus Web Address https://www.franklintempleton.com/regulatory-fund-documents
Class C  
Shareholder Report [Line Items]  
Fund Name Putnam Tax Exempt Income Fund
Class Name Class C
Trading Symbol PTECX
Annual or Semi-Annual Statement [Text Block] This annual shareholder report contains important information about Putnam Tax Exempt Income Fund for the period October 1, 2023, to September 30, 2024.
Shareholder Report Annual or Semi-Annual annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) 225-1581.
Material Fund Change Notice [Text Block]
This report describes changes to the Fund that occurred during the reporting period.
Additional Information Phone Number (800) 225-1581
Additional Information Website https://www.franklintempleton.com/regulatory-fund-documents
Expenses [Text Block]
WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)
Class Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class C
$177
1.67%
Expenses Paid, Amount $ 177
Expense Ratio, Percent 1.67%
Factors Affecting Performance [Text Block]
HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?
For the twelve months ended September 30, 2024, Class C shares of Putnam Tax Exempt Income Fund returned 12.17%. The Fund compares its performance to the Bloomberg Municipal Bond Index, which returned 10.37% for the same period.
PERFORMANCE HIGHLIGHTS
Top contributors to performance:
↑
The Fund outperformed its benchmark, helped by its longer duration position as yields declined across the curve. In particular an overweight to bonds with 12 or more years to maturity supported relative returns.
↑
The portfolio’s overall credit quality positioning also assisted returns, driven by an underweight to AA rated bonds and overweights to A and BBB rated issues.
↑
In terms of relative sector allocations, overweight exposure to charter schools, hospital systems and airports supported relative results.
Top detractors from performance:
↓
Underweight allocation to bonds with no external credit rating and to AAA rated securities.
↓
Overweights to the multi-family housing sector and to prerefunded securities.
Performance Past Does Not Indicate Future [Text] The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future.
Line Graph [Table Text Block]
image
Average Annual Return [Table Text Block]
AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended September 30, 2024
 
1 Year
5 Year
10 Year
Class C
12.17
0.62
1.90
Class C (with sales charge)
11.17
0.62
1.90
Bloomberg Municipal Bond Index
10.37
1.39
2.52
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Material Change Date Oct. 01, 2023
Updated Performance Information Location [Text Block]
For current month-end performance, please call Franklin Templeton at (800) 225-1581 or visit https://www.franklintempleton.com/investments/options/mutual-funds.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Net Assets $ 614,607,220
Holdings Count | $ / shares 318 [3]
Advisory Fees Paid, Amount $ 2,606,990
Investment Company Portfolio Turnover 35.00%
Additional Fund Statistics [Text Block]
KEY FUND STATISTICS (as of September 30, 2024)
Total Net Assets
$614,607,220
Total Number of Portfolio Holdings*
318
Total Management Fee Paid
$2,606,990
Portfolio Turnover Rate
35%
[3]
Holdings [Text Block]
image
 [4]
Material Fund Change [Text Block]
HOW HAS THE FUND CHANGED?
On May 31, 2023, Franklin Resources, Inc. (“Franklin Resources”) and Great-West Lifeco Inc., the parent company of Putnam U.S. Holdings I, LLC (“Putnam Holdings”), announced that they had entered into a definitive agreement for a subsidiary of Franklin Resources to acquire Putnam Holdings in a stock and cash transaction (the “Transaction”). The Transaction was completed on January 1, 2024. As part of the Transaction, your Fund’s then-current investment advisor, Putnam Investment Management, LLC (“Putnam Management”), a wholly-owned subsidiary of Putnam Holdings, and your Fund’s sub-advisor, Putnam Investments Limited (“PIL”), an indirect, wholly-owned subsidiary of Putnam Holdings, became indirect, wholly-owned subsidiaries of Franklin Resources. In connection with the Transaction, shareholders of your Fund approved a new management contract with Putnam Management and a new sub-advisory contract with PIL. The new contracts are identical to the previous contracts, except for the effective dates, initial terms, updates to fund names as necessary to reflect previous name changes, and certain non-substantive changes.
Effective July 15, 2024, Putnam Management transferred its management contract for your Fund to Franklin Advisers, Inc. (“Franklin Advisers”), and Franklin Advisers replaced Putnam Management as the investment advisor to your Fund. In connection with the transfer, your Fund’s portfolio managers, along with supporting research analysts and certain other investment staff of Putnam Management, also became employees of Franklin Advisers. Putnam Management also transferred to Franklin Advisers its sub-management agreement with PIL in respect of your Fund. Franklin Advisers is an indirect, wholly-owned subsidiary of Franklin Resources. In addition, effective July 15, 2024, Franklin Advisers retained Putnam Management as a sub-advisor to your Fund pursuant to a new subadvisory agreement.
Effective September 30, 2024, the portfolio managers for the Fund are Paul Drury, Garrett Hamilton, Benjamin Barber, James Conn, Francisco Rivera and Daniel Workman.
This is a summary of certain changes to the Fund since October 1, 2023. For more complete information, you may review the Fund’s current prospectus and any applicable supplements and the Fund’s next prospectus, which we expect to be available by February 1, 2025, at https://www.franklintempleton.com/regulatory-fund-documents or upon request at (800) 225-1581 or       
funddocuments@putnam.com.
Updated Prospectus Phone Number (800) 225-1581
Updated Prospectus Email Address funddocuments@putnam.com
Updated Prospectus Web Address https://www.franklintempleton.com/regulatory-fund-documents
Class R6  
Shareholder Report [Line Items]  
Fund Name Putnam Tax Exempt Income Fund
Class Name Class R6
Trading Symbol PEXTX
Annual or Semi-Annual Statement [Text Block] This annual shareholder report contains important information about Putnam Tax Exempt Income Fund for the period October 1, 2023, to September 30, 2024.
Shareholder Report Annual or Semi-Annual annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) 225-1581.
Material Fund Change Notice [Text Block]
This report describes changes to the Fund that occurred during the reporting period.
Additional Information Phone Number (800) 225-1581
Additional Information Website https://www.franklintempleton.com/regulatory-fund-documents
Expenses [Text Block]
WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)
Class Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class R6
$68
0.64%
Expenses Paid, Amount $ 68
Expense Ratio, Percent 0.64%
Factors Affecting Performance [Text Block]
HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?
For the twelve months ended September 30, 2024, Class R6 shares of Putnam Tax Exempt Income Fund returned 13.34%. The Fund compares its performance to the Bloomberg Municipal Bond Index, which returned 10.37% for the same period.
PERFORMANCE HIGHLIGHTS
Top contributors to performance:
↑
The Fund outperformed its benchmark, helped by its longer duration position as yields declined across the curve. In particular an overweight to bonds with 12 or more years to maturity supported relative returns.
↑
The portfolio’s overall credit quality positioning also assisted returns, driven by an underweight to AA rated bonds and overweights to A and BBB rated issues.
↑
In terms of relative sector allocations, overweight exposure to charter schools, hospital systems and airports supported relative results.
Top detractors from performance:
↓
Underweight allocation to bonds with no external credit rating and to AAA rated securities.
↓
Overweights to the multi-family housing sector and to prerefunded securities.
Performance Past Does Not Indicate Future [Text] The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future.
Line Graph [Table Text Block]
image
Average Annual Return [Table Text Block]
AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended September 30, 2024
 
1 Year
5 Year
10 Year
Class R6
13.34
1.64
2.77
Bloomberg Municipal Bond Index
10.37
1.39
2.52
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Material Change Date Oct. 01, 2023
Updated Performance Information Location [Text Block]
For current month-end performance, please call Franklin Templeton at (800) 225-1581 or visit https://www.franklintempleton.com/investments/options/mutual-funds.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Net Assets $ 614,607,220
Holdings Count | $ / shares 318 [5]
Advisory Fees Paid, Amount $ 2,606,990
Investment Company Portfolio Turnover 35.00%
Additional Fund Statistics [Text Block]
KEY FUND STATISTICS (as of September 30, 2024)
Total Net Assets
$614,607,220
Total Number of Portfolio Holdings*
318
Total Management Fee Paid
$2,606,990
Portfolio Turnover Rate
35%
[5]
Holdings [Text Block]
image
 [6]
Material Fund Change [Text Block]
HOW HAS THE FUND CHANGED?
On May 31, 2023, Franklin Resources, Inc. (“Franklin Resources”) and Great-West Lifeco Inc., the parent company of Putnam U.S. Holdings I, LLC (“Putnam Holdings”), announced that they had entered into a definitive agreement for a subsidiary of Franklin Resources to acquire Putnam Holdings in a stock and cash transaction (the “Transaction”). The Transaction was completed on January 1, 2024. As part of the Transaction, your Fund’s then-current investment advisor, Putnam Investment Management, LLC (“Putnam Management”), a wholly-owned subsidiary of Putnam Holdings, and your Fund’s sub-advisor, Putnam Investments Limited (“PIL”), an indirect, wholly-owned subsidiary of Putnam Holdings, became indirect, wholly-owned subsidiaries of Franklin Resources. In connection with the Transaction, shareholders of your Fund approved a new management contract with Putnam Management and a new sub-advisory contract with PIL. The new contracts are identical to the previous contracts, except for the effective dates, initial terms, updates to fund names as necessary to reflect previous name changes, and certain non-substantive changes.
Effective July 15, 2024, Putnam Management transferred its management contract for your Fund to Franklin Advisers, Inc. (“Franklin Advisers”), and Franklin Advisers replaced Putnam Management as the investment advisor to your Fund. In connection with the transfer, your Fund’s portfolio managers, along with supporting research analysts and certain other investment staff of Putnam Management, also became employees of Franklin Advisers. Putnam Management also transferred to Franklin Advisers its sub-management agreement with PIL in respect of your Fund. Franklin Advisers is an indirect, wholly-owned subsidiary of Franklin Resources. In addition, effective July 15, 2024, Franklin Advisers retained Putnam Management as a sub-advisor to your Fund pursuant to a new subadvisory agreement.
Effective September 30, 2024, the portfolio managers for the Fund are Paul Drury, Garrett Hamilton, Benjamin Barber, James Conn, Francisco Rivera and Daniel Workman.
This is a summary of certain changes to the Fund since October 1, 2023. For more complete information, you may review the Fund’s current prospectus and any applicable supplements and the Fund’s next prospectus, which we expect to be available by February 1, 2025, at https://www.franklintempleton.com/regulatory-fund-documents or upon request at (800) 225-1581 or       
funddocuments@putnam.com.
Updated Prospectus Phone Number (800) 225-1581
Updated Prospectus Email Address funddocuments@putnam.com
Updated Prospectus Web Address https://www.franklintempleton.com/regulatory-fund-documents
Class Y  
Shareholder Report [Line Items]  
Fund Name Putnam Tax Exempt Income Fund
Class Name Class Y
Trading Symbol PTEYX
Annual or Semi-Annual Statement [Text Block] This annual shareholder report contains important information about Putnam Tax Exempt Income Fund for the period October 1, 2023, to September 30, 2024.
Shareholder Report Annual or Semi-Annual annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) 225-1581.
Material Fund Change Notice [Text Block]
This report describes changes to the Fund that occurred during the reporting period.
Additional Information Phone Number (800) 225-1581
Additional Information Website https://www.franklintempleton.com/regulatory-fund-documents
Expenses [Text Block]
WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment)
Class Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class Y
$71
0.67%
Expenses Paid, Amount $ 71
Expense Ratio, Percent 0.67%
Factors Affecting Performance [Text Block]
HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?
For the twelve months ended September 30, 2024, Class Y shares of Putnam Tax Exempt Income Fund returned 13.29%. The Fund compares its performance to the Bloomberg Municipal Bond Index, which returned 10.37% for the same period.
PERFORMANCE HIGHLIGHTS
Top contributors to performance:
↑
The Fund outperformed its benchmark, helped by its longer duration position as yields declined across the curve. In particular an overweight to bonds with 12 or more years to maturity supported relative returns.
↑
The portfolio’s overall credit quality positioning also assisted returns, driven by an underweight to AA rated bonds and overweights to A and BBB rated issues.
↑
In terms of relative sector allocations, overweight exposure to charter schools, hospital systems and airports supported relative results.
Top detractors from performance:
↓
Underweight allocation to bonds with no external credit rating and to AAA rated securities.
↓
Overweights to the multi-family housing sector and to prerefunded securities.
Performance Past Does Not Indicate Future [Text] The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future.
Line Graph [Table Text Block]
image
Average Annual Return [Table Text Block]
AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended September 30, 2024
 
1 Year
5 Year
10 Year
Class Y
13.29
1.64
2.77
Bloomberg Municipal Bond Index
10.37
1.39
2.52
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Material Change Date Oct. 01, 2023
Updated Performance Information Location [Text Block]
For current month-end performance, please call Franklin Templeton at (800) 225-1581 or visit https://www.franklintempleton.com/investments/options/mutual-funds.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Net Assets $ 614,607,220
Holdings Count | $ / shares 318 [7]
Advisory Fees Paid, Amount $ 2,606,990
Investment Company Portfolio Turnover 35.00%
Additional Fund Statistics [Text Block]
KEY FUND STATISTICS (as of September 30, 2024)
Total Net Assets
$614,607,220
Total Number of Portfolio Holdings*
318
Total Management Fee Paid
$2,606,990
Portfolio Turnover Rate
35%
[7]
Holdings [Text Block]
image
 [8]
Material Fund Change [Text Block]
HOW HAS THE FUND CHANGED?
On May 31, 2023, Franklin Resources, Inc. (“Franklin Resources”) and Great-West Lifeco Inc., the parent company of Putnam U.S. Holdings I, LLC (“Putnam Holdings”), announced that they had entered into a definitive agreement for a subsidiary of Franklin Resources to acquire Putnam Holdings in a stock and cash transaction (the “Transaction”). The Transaction was completed on January 1, 2024. As part of the Transaction, your Fund’s then-current investment advisor, Putnam Investment Management, LLC (“Putnam Management”), a wholly-owned subsidiary of Putnam Holdings, and your Fund’s sub-advisor, Putnam Investments Limited (“PIL”), an indirect, wholly-owned subsidiary of Putnam Holdings, became indirect, wholly-owned subsidiaries of Franklin Resources. In connection with the Transaction, shareholders of your Fund approved a new management contract with Putnam Management and a new sub-advisory contract with PIL. The new contracts are identical to the previous contracts, except for the effective dates, initial terms, updates to fund names as necessary to reflect previous name changes, and certain non-substantive changes.
Effective July 15, 2024, Putnam Management transferred its management contract for your Fund to Franklin Advisers, Inc. (“Franklin Advisers”), and Franklin Advisers replaced Putnam Management as the investment advisor to your Fund. In connection with the transfer, your Fund’s portfolio managers, along with supporting research analysts and certain other investment staff of Putnam Management, also became employees of Franklin Advisers. Putnam Management also transferred to Franklin Advisers its sub-management agreement with PIL in respect of your Fund. Franklin Advisers is an indirect, wholly-owned subsidiary of Franklin Resources. In addition, effective July 15, 2024, Franklin Advisers retained Putnam Management as a sub-advisor to your Fund pursuant to a new subadvisory agreement.
Effective September 30, 2024, the portfolio managers for the Fund are Paul Drury, Garrett Hamilton, Benjamin Barber, James Conn, Francisco Rivera and Daniel Workman.
This is a summary of certain changes to the Fund since October 1, 2023. For more complete information, you may review the Fund’s current prospectus and any applicable supplements and the Fund’s next prospectus, which we expect to be available by February 1, 2025, at https://www.franklintempleton.com/regulatory-fund-documents or upon request at (800) 225-1581 or       
funddocuments@putnam.com.
Updated Prospectus Phone Number (800) 225-1581
Updated Prospectus Email Address funddocuments@putnam.com
Updated Prospectus Web Address https://www.franklintempleton.com/regulatory-fund-documents
[1]
* Includes derivatives, if applicable.
[2]
Cash and Equivalents, if any, represent the market value weights of cash, derivatives, short-term securities, and other unclassified assets in the portfolio. Holdings and allocations may vary over time.
[3]
* Includes derivatives, if applicable.
[4]
Cash and Equivalents, if any, represent the market value weights of cash, derivatives, short-term securities, and other unclassified assets in the portfolio. Holdings and allocations may vary over time.
[5]
* Includes derivatives, if applicable.
[6]
Cash and Equivalents, if any, represent the market value weights of cash, derivatives, short-term securities, and other unclassified assets in the portfolio. Holdings and allocations may vary over time.
[7]
* Includes derivatives, if applicable.
[8]
Cash and Equivalents, if any, represent the market value weights of cash, derivatives, short-term securities, and other unclassified assets in the portfolio. Holdings and allocations may vary over time.