0000928816-18-001245.txt : 20180607 0000928816-18-001245.hdr.sgml : 20180607 20180607074904 ACCESSION NUMBER: 0000928816-18-001245 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 13 FILED AS OF DATE: 20180607 DATE AS OF CHANGE: 20180607 EFFECTIVENESS DATE: 20180607 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM CALIFORNIA TAX EXEMPT INCOME TRUST CENTRAL INDEX KEY: 0000711402 IRS NUMBER: 042786284 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-81011 FILM NUMBER: 18885221 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ STREET 2: MAILSTOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921562 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM CALIFORNIA TAX EXEMPT INCOME FUND DATE OF NAME CHANGE: 19920703 0000711402 S000005498 PUTNAM CALIFORNIA TAX EXEMPT INCOME TRUST C000014969 Class A Shares PCTEX C000014970 Class B Shares PCTBX C000014971 Class C Shares PCTCX C000014972 Class M Shares PCLMX C000060520 CLASS Y C000184239 Class T Shares C000202778 Class R6 Shares 497 1 a_catei.htm PUTNAM CALIFORNIA TAX EXEMPT INCOME FUND a_cateicvr.htm
Prospectus Supplement   May 18, 2018  
 
Putnam California Tax Exempt Income Fund   
Prospectus dated January 30, 2018   

 

Beginning on May 21, 2018, the fund will offer class R6 shares to:

• employer-sponsored retirement plans that are clients of third-party administrators (including affiliates of Putnam) that have entered into agreements with Putnam;

investors purchasing shares through an asset-based fee program that is sponsored by a registered broker-dealer or other financial institution;

investors purchasing shares through a commission-based platform of a registered broker-dealer or other financial institution that charges the shareholder additional fees or commissions, other than those described in the prospectus and statement of additional information, and that has entered into an agreement with Putnam Retail Management to offer class R6 shares through such a program;

corporations, endowments, foundations and other institutional investors that have been approved by Putnam; and

unaffiliated investment companies (whether registered or private) that have been approved by Putnam.

The prospectus is supplemented as follows to add information about class R6 shares.

The front cover page is supplemented to add class R6 shares to the list of shares to which the prospectus relates, and to indicate that the fund’s symbol for class R6 shares is PCLGX.

The following information is added to similar disclosure for the fund under Fund summary — Fees and expenses:

Shareholder fees (fees paid directly from your investment)

Share class Maximum sales charge (load) imposed on purchases (as a percentage of offering price)  Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
Class R6  NONE   NONE  

 

Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)

 

Share class  Management fees Distribution and service (12b-1) fees  Other expenses  Total annual fund operating expenses
Class R6   0.44%   N/A   0.08%=   0.52%  

 

= Other expenses are based on expenses of class A shares for the fund’s last fiscal year.



Example

The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your

sumlogo.jpg

 



shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.

Share class   1 year   3 years   5 years   10 years  
Class R6   $53   $167  $291  $653 
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S_@G#\,/%OPY^#>L?$7QIJ7Q&\ XML 9 R1.htm IDEA: XBRL DOCUMENT v3.8.0.1
Putnam California Tax Exempt Income Trust

Prospectus Supplement   May 18, 2018  
 
Putnam California Tax Exempt Income Fund   
Prospectus dated January 30, 2018   

 

Beginning on May 21, 2018, the fund will offer class R6 shares to:

• employer-sponsored retirement plans that are clients of third-party administrators (including affiliates of Putnam) that have entered into agreements with Putnam;

investors purchasing shares through an asset-based fee program that is sponsored by a registered broker-dealer or other financial institution;

investors purchasing shares through a commission-based platform of a registered broker-dealer or other financial institution that charges the shareholder additional fees or commissions, other than those described in the prospectus and statement of additional information, and that has entered into an agreement with Putnam Retail Management to offer class R6 shares through such a program;

corporations, endowments, foundations and other institutional investors that have been approved by Putnam; and

unaffiliated investment companies (whether registered or private) that have been approved by Putnam.

The prospectus is supplemented as follows to add information about class R6 shares.

The front cover page is supplemented to add class R6 shares to the list of shares to which the prospectus relates, and to indicate that the fund’s symbol for class R6 shares is PCLGX.

The following information is added to similar disclosure for the fund under Fund summary — Fees and expenses:

Shareholder fees (fees paid directly from your investment)

Share class Maximum sales charge (load) imposed on purchases (as a percentage of offering price) Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
Class R6  NONE   NONE  

 

Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)

 

Share class  Management fees Distribution and service (12b-1) fees  Other expenses  Total annual fund operating expenses
Class R6   0.44%   N/A   0.08%=   0.52%  

 

= Other expenses are based on expenses of class A shares for the fund’s last fiscal year

Example

The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your

sumlogo.jpg

 



shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.

Share class   1 year   3 years   5 years   10 years  
Class R6   $53   $167  $291  $653 
Shareholder fees (fees paid directly from your investment)
Shareholder Fees
Putnam California Tax Exempt Income Trust
Class R6
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) none
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Putnam California Tax Exempt Income Trust
Class R6
Management fees 0.44%
Distribution and service (12b-1) fees
Other expenses 0.08% [1]
Total annual fund operating expenses 0.52%
[1] Other expenses are based on expenses of class A shares for the fund's last fiscal year.
Example
The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.
Expense Example
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Putnam California Tax Exempt Income Trust | Class R6 | USD ($) 53 167 291 653
XML 10 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Risk Return Abstract rr_RiskReturnAbstract  
Document Type dei_DocumentType 497
Document Period End Date dei_DocumentPeriodEndDate May 18, 2018
Registrant Name dei_EntityRegistrantName PUTNAM CALIFORNIA TAX EXEMPT INCOME TRUST
Central Index Key dei_EntityCentralIndexKey 0000711402
Amendment Flag dei_AmendmentFlag false
Trading Symbol dei_TradingSymbol PCTEX
Document Creation Date dei_DocumentCreationDate May 14, 2018
Document Effective Date dei_DocumentEffectiveDate May 18, 2018
Prospectus Date rr_ProspectusDate Jan. 30, 2018
Putnam California Tax Exempt Income Trust  
Risk Return Abstract rr_RiskReturnAbstract  
Supplement Text PCTEX_SupplementText
Prospectus Supplement   May 18, 2018  
 
Putnam California Tax Exempt Income Fund   
Prospectus dated January 30, 2018   

 

Beginning on May 21, 2018, the fund will offer class R6 shares to:

• employer-sponsored retirement plans that are clients of third-party administrators (including affiliates of Putnam) that have entered into agreements with Putnam;

investors purchasing shares through an asset-based fee program that is sponsored by a registered broker-dealer or other financial institution;

investors purchasing shares through a commission-based platform of a registered broker-dealer or other financial institution that charges the shareholder additional fees or commissions, other than those described in the prospectus and statement of additional information, and that has entered into an agreement with Putnam Retail Management to offer class R6 shares through such a program;

corporations, endowments, foundations and other institutional investors that have been approved by Putnam; and

unaffiliated investment companies (whether registered or private) that have been approved by Putnam.

The prospectus is supplemented as follows to add information about class R6 shares.

The front cover page is supplemented to add class R6 shares to the list of shares to which the prospectus relates, and to indicate that the fund’s symbol for class R6 shares is PCLGX.

The following information is added to similar disclosure for the fund under Fund summary — Fees and expenses:

Shareholder fees (fees paid directly from your investment)

Share class Maximum sales charge (load) imposed on purchases (as a percentage of offering price) Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
Class R6  NONE   NONE  

 

Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)

 

Share class  Management fees Distribution and service (12b-1) fees  Other expenses  Total annual fund operating expenses
Class R6   0.44%   N/A   0.08%=   0.52%  

 

= Other expenses are based on expenses of class A shares for the fund’s last fiscal year

Example

The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your

sumlogo.jpg

 



shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.

Share class   1 year   3 years   5 years   10 years  
Class R6   $53   $167  $291  $653 
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.
Putnam California Tax Exempt Income Trust | Class R6  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees rr_ManagementFeesOverAssets 0.44%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets
Other expenses rr_OtherExpensesOverAssets 0.08% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 0.52%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 53
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 167
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 291
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 653
[1] Other expenses are based on expenses of class A shares for the fund's last fiscal year.
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