NAV 1
$8.63
POP 2
$8.63
YTD Total Return At NAV 3
3.12%
Morningstar Overall Rating™ 4
Overall Morningstar Rating
Rating Category: Muni Pennsylvania
The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.
Morningstar Style Box
Source: Morningstar®. The style box reveals a fund's investment style. For equity funds, the vertical axis shows the market capitalization of the long stocks owned, and the horizontal axis shows the investment style (value, blend, or growth). For fixed income funds, the vertical axis shows the credit quality based on credit ratings and the horizontal axis shows interest-rate sensitivity as measured by effective duration. Placement is determined by fund portfolio holding figures most recently entered into Morningstar's database and corresponding market conditions. Shaded areas show the past 3 years of quarterly data. Past performance does not guarantee future results.
Historical Morningstar Ratings
| Years | 3 |
| Ratings | |
| Number of Funds In Category | 45 |
| Years | 5 |
| Ratings | |
| Number of Funds In Category | 45 |
| Years | 10 |
| Ratings | |
| Number of Funds In Category | 37 |
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Effective after market close on November 7, 2025, this mutual fund reorganized into Franklin Pennsylvania Municipal Income ETF.
Overview
Documents
Fund Literature
Factsheet - Putnam Pennsylvania Tax Exempt Income Fund
Regulatory Documents
Annual Report - Putnam Pennsylvania Tax Exempt Income Fund - Class A
Annual Financial Statements and Other Information - Putnam Pennsylvania Tax Exempt Income Fund
Semi-Annual Report - Putnam Pennsylvania Tax Exempt Income Fund - Class A
Semi-Annual Financial Statements and Other Information - Putnam Pennsylvania Tax Exempt Income Fund
Prospectus - Putnam Tax Exempt Income Funds
Summary Prospectus - Putnam Pennsylvania Tax Exempt Income Fund
Statement of Additional Information - Putnam State Tax Exempt Income Funds
Mailed hardcopies unavailable.
Policy and Procedures - Putnam Pennsylvania Tax Exempt Income Fund
Mailed hardcopies unavailable.
Fiscal Q1 Holdings - Putnam Pennsylvania Tax Exempt Income Fund
Mailed hardcopies unavailable.
Fiscal Q3 Holdings - Putnam Pennsylvania Tax Exempt Income Fund
Mailed hardcopies unavailable.
Important Information
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
Footnotes
Net Asset Value - the amount per share you would receive if you sold shares that day. NAV Change indicates a change in the Net Asset Value from the previous business day.
Public Offering Price – the purchase price for each share of the fund on a given day. It includes the maximum initial sales charge, if any.
Figures are aggregate total return figures, have not been annualized and represent the change in value of an investment over the period indicated.
The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products with at least a three-year history, and subject to change monthly. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total return, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total return. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not take into account the effects of sales charges and loads. Morningstar Rating is for the specified share class(es) only; other classes may have different performance characteristics.