|One Post Office Square , Canton, MA 02109|
|Fund Manager||Paul Drury|
|Manager Tenure||13 Years 8 Months|
Putnam Tax Exempt Income Fund seeks as high a level of current income exempt from federal income tax as we believe to be consistent with preservation of capital. We invest mainly in bonds that pay interest that is exempt from federal income tax (but that may be subject to federal alternative minimum tax (AMT)), are investment-grade in quality, and have intermediate- to long-term maturities (i.e., three years or longer). Under normal circumstances, we invest at least 80% of the funds net assets in tax-exempt investments, which for purposes of this policy exclude investments paying interest subject to the federal AMT for individuals. This investment policy cannot be changed without the approval of the funds shareholders. We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments.
|Asset Type||% Of Allocation|
|Total Net Assets||135.91 M|
|Criteria||3 Years||5 Years||10 Years|
|Minimum Initial IRA||$0|
|Timeframe||Average Annual Current Performance Monthly As Of 08/31/2021||Average Annual Current Performance Quarterly As Of 05/31/2021||Avg Annual Current Performance Monthly As Of 08/31/2021||Avg Annual Current Performance Quarterly As Of 05/31/2021|
|Life Of Fund||
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Evergrande's default saga, as well as mounting supply chain issues, have stocks on the back foot Friday, with Wall Street futures slipping modestly into the red.
Nike's cut its full year sales forecast, and warned of delays over the holiday season, after missing Q1 revenue forecasts owing to supply chain disruptions in Asia.
Costco said it will limit purchases of certain 'key' items in the months ahead amid what it called an "uptick in Delta-related demand" following solid fourth quarter earnings.
China's central bank, the PBOC, said Friday that all forms of cryptocurrency trading and financing are 'illegal activities that are strictly prohibited'.
Stock futures dip as Evergrande triggers caution, Evergrande misses dollar bond debt payment; Nike warns on supply chain delays; Costco to limit key item purchases; China bans all cryptocurrency trading.