0000928816-18-001230.txt : 20180605 0000928816-18-001230.hdr.sgml : 20180605 20180605100934 ACCESSION NUMBER: 0000928816-18-001230 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 13 FILED AS OF DATE: 20180605 DATE AS OF CHANGE: 20180605 EFFECTIVENESS DATE: 20180605 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND/MA/ CENTRAL INDEX KEY: 0000792288 IRS NUMBER: 046626127 STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-05416 FILM NUMBER: 18880278 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND II DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND /MA/ DATE OF NAME CHANGE: 19920609 0000792288 S000006210 PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND C000017118 Class C Shares C000017119 Class M Shares C000017120 Class A Shares PXMAX C000017121 Class B Shares PMABX C000060571 CLASS Y C000185392 Class T Shares C000202927 Class R6 Shares 497 1 a_mate.htm PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND

 

 

Prospectus Supplement   May 18, 2018  
 
Putnam Massachusetts Tax Exempt Income Fund   
Putnam Minnesota Tax Exempt Income Fund   
Putnam New Jersey Tax Exempt Income Fund   
Putnam Ohio Tax Exempt Income Fund   
Putnam Pennsylvania Tax Exempt Income Fund   
Prospectus dated September 30, 2017   

 

Beginning on May 21, 2018, the funds 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 symbols for class R6 shares are:

 

   
 Putnam Massachusetts Tax Exempt Income Fund   PMATX 
   
 Putnam Minnesota Tax Exempt Income Fund   PMVTX 
   
 Putnam New Jersey Tax Exempt Income Fund   PNJRX 
   
 Putnam Ohio Tax Exempt Income Fund   POHRX 
   
 Putnam Pennsylvania Tax Exempt Income Fund   PPTRX 

 

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

 

 

sumlogo.jpg

 


 

Putnam Massachusetts Tax Exempt Income Fund

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   0.12%=   0.56%  

 

= Other expenses are based on expenses of class A shares for the fund’s last fiscal year, restated to reflect the lower investor servicing fees applicable to class R6 shares.



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.

Share class   1 year   3 years   5 years   10 years  
Class R6   $57   $179  $313  $701 

 

 

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2016 Annual Return 2017 Annual Return 2018 Annual Return 2019 Annual Return 2020 Label 1 Year 5 Years 10 Years Since Inception Inception Date Risk/Return Detail [Table] Document Type Document Period End Date Registrant Name Central Index Key Amendment Flag Amendment Description Trading Symbol Document Creation Date Document Effective Date Prospectus Date Risk/Return [Heading] Fee Waiver or Reimbursement over Assets, Date of Termination Portfolio Turnover, Rate Expense Breakpoint Discounts [Text] Expense Breakpoint, Minimum Investment Required [Amount] Expense Exchange Traded Fund Commissions [Text] Expenses Represent Both Master and Feeder [Text] Expenses Explanation of Nonrecurring Account Fee [Text] Other Expenses, New Fund, Based on Estimates [Text] Acquired Fund Fees and Expenses, Based on Estimates [Text] Expenses Other Expenses Had Extraordinary Expenses Been Included [Text] Expenses Restated to Reflect Current [Text] Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] Strategy Portfolio Concentration [Text] Risk Lose Money [Text] Risk Nondiversified Status [Text] Risk Money Market Fund [Text] Risk Not Insured Depository Institution [Text] Risk Caption Risk Column [Text] Risk [Text] Performance Information Illustrates Variability of Returns [Text] Performance One Year or Less [Text] Performance Additional Market Index [Text] Performance Availability Phone [Text] Performance Availability Website Address [Text] Performance Past Does Not Indicate Future [Text] Bar Chart Does Not Reflect Sales Loads [Text] Bar Chart, Reason Selected Class Different from Immediately Preceding Period [Text] Bar Chart, Returns for Class Not Offered in Prospectus [Text] Year to Date Return, Label Bar Chart, Year to Date Return, Date Bar Chart, Year to Date Return Highest Quarterly Return, Label Highest Quarterly Return, Date Highest Quarterly Return Lowest Quarterly Return, Label Lowest Quarterly Return, Date Lowest Quarterly Return Performance Table Does Reflect Sales Loads Performance Table Market Index Changed Index No Deduction for Fees, Expenses, Taxes [Text] Performance Table Uses Highest Federal Rate Performance Table Not Relevant to Tax Deferred Performance Table One Class of after Tax Shown [Text] Performance Table Explanation after Tax Higher Performance Table Footnotes, Reason Performance Information for Class Different from Immediately Preceding Period [Text] Caption Column Money Market Seven Day Yield, Caption [Text] Money Market Seven Day Yield Column [Text] Money Market Seven Day Yield Phone Money Market Seven Day Yield Money Market Seven Day Tax Equivalent Yield Thirty Day Yield Caption Thirty Day Yield Column [Text] Thirty Day Yield Phone Thirty Day Yield Thirty Day Tax Equivalent Yield EX-101.PRE 6 pxmax-20180517_pre.xml XBRL PRESENTATION FILE GRAPHIC 7 sumlogo.jpg GRAPHIC begin 644 sumlogo.jpg M_]C_X 02D9)1@ ! 0'_____ #_[@ .061O8F4 9 !_]L 0P ! 0$! 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Putnam Massachusetts Tax Exempt Income Fund

 

 

Prospectus Supplement   May 18, 2018  
 
Putnam Massachusetts Tax Exempt Income Fund   
Putnam Minnesota Tax Exempt Income Fund   
Putnam New Jersey Tax Exempt Income Fund   
Putnam Ohio Tax Exempt Income Fund   
Putnam Pennsylvania Tax Exempt Income Fund   
Prospectus dated September 30, 2017   

 

Beginning on May 21, 2018, the funds 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 symbols for class R6 shares are:

 

   
 Putnam Massachusetts Tax Exempt Income Fund   PMATX 
   
 Putnam Minnesota Tax Exempt Income Fund   PMVTX 
   
 Putnam New Jersey Tax Exempt Income Fund   PNJRX 
   
 Putnam Ohio Tax Exempt Income Fund   POHRX 
   
 Putnam Pennsylvania Tax Exempt Income Fund   PPTRX 

 

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

 

 

sumlogo.jpg

 


 

Putnam Massachusetts Tax Exempt Income Fund

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   0.12%=   0.56%  

 

= Other expenses are based on expenses of class A shares for the fund’s last fiscal year, restated to reflect the lower investor servicing fees applicable to class R6 shares.



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.

Share class   1 year   3 years   5 years   10 years  
Class R6   $57   $179  $313  $701 

 

Shareholder fees (fees paid directly from your investment)
Shareholder Fees
Putnam Massachusetts Tax Exempt Income Fund
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 Massachusetts Tax Exempt Income Fund
Class R6
Management fees 0.44%
Distribution and service (12b-1) fees
Other expenses 0.12% [1]
Total annual fund operating expenses 0.56%
[1] Other expenses are based on expenses of class A shares for the fund's last fiscal year, restated to reflect the lower investor servicing fees applicable to class R6 shares.
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 $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.
Expense Example
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Putnam Massachusetts Tax Exempt Income Fund | Class R6 | USD ($) 57 179 313 701
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 MASSACHUSETTS TAX EXEMPT INCOME FUND/MA/
Central Index Key dei_EntityCentralIndexKey 0000792288
Amendment Flag dei_AmendmentFlag false
Trading Symbol dei_TradingSymbol PXMAX
Document Creation Date dei_DocumentCreationDate May 17, 2018
Document Effective Date dei_DocumentEffectiveDate May 18, 2018
Prospectus Date rr_ProspectusDate Sep. 30, 2017
Putnam Massachusetts Tax Exempt Income Fund  
Risk Return Abstract rr_RiskReturnAbstract  
Supplement Text PXMAX_SupplementText

 

 

Prospectus Supplement   May 18, 2018  
 
Putnam Massachusetts Tax Exempt Income Fund   
Putnam Minnesota Tax Exempt Income Fund   
Putnam New Jersey Tax Exempt Income Fund   
Putnam Ohio Tax Exempt Income Fund   
Putnam Pennsylvania Tax Exempt Income Fund   
Prospectus dated September 30, 2017   

 

Beginning on May 21, 2018, the funds 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 symbols for class R6 shares are:

 

   
 Putnam Massachusetts Tax Exempt Income Fund   PMATX 
   
 Putnam Minnesota Tax Exempt Income Fund   PMVTX 
   
 Putnam New Jersey Tax Exempt Income Fund   PNJRX 
   
 Putnam Ohio Tax Exempt Income Fund   POHRX 
   
 Putnam Pennsylvania Tax Exempt Income Fund   PPTRX 

 

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

 

 

sumlogo.jpg

 


 

Putnam Massachusetts Tax Exempt Income Fund

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   0.12%=   0.56%  

 

= Other expenses are based on expenses of class A shares for the fund’s last fiscal year, restated to reflect the lower investor servicing fees applicable to class R6 shares.



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.

Share class   1 year   3 years   5 years   10 years  
Class R6   $57   $179  $313  $701 

 

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)
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent Other expenses are based on expenses of class A shares for the fund’s last fiscal year, restated to reflect the lower investor servicing fees applicable to class R6 shares.
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 Massachusetts Tax Exempt Income Fund | 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 0.12% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 0.56%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 57
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 179
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 313
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 701
[1] Other expenses are based on expenses of class A shares for the fund's last fiscal year, restated to reflect the lower investor servicing fees applicable to class R6 shares.
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