497 1 a_ohte.htm PUTNAM OHIO 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:

 

 

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Putnam Ohio 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   0.15%=   0.59%  

 

= 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   $60   $189  $329  $738