0000869392-13-000104.txt : 20130729 0000869392-13-000104.hdr.sgml : 20130729 20130729170915 ACCESSION NUMBER: 0000869392-13-000104 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20130531 FILED AS OF DATE: 20130729 DATE AS OF CHANGE: 20130729 EFFECTIVENESS DATE: 20130729 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: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-04518 FILM NUMBER: 13993256 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 NSAR-B 1 answer.fil PAGE 1 000 B000000 05/31/2013 000 C000000 0000792288 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND 001 B000000 811-4518 001 C000000 6172921000 002 A000000 ONE POST OFFICE SQUARE 002 B000000 BOSTON 002 C000000 MA 002 D010000 02109 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A000001 PUTNAM INVESTMENT MANAGEMENT, LLC 008 B000001 A 008 C000001 801-7974 008 D010001 BOSTON 008 D020001 MA 008 D030001 02109 008 A000002 PUTNAM INVESTMENTS LIMITED 008 B000002 S 008 C000002 801-61441 008 D010002 LONDON 008 D050002 ENGLAND 008 D060002 SW1A 1LD 011 A000001 PUTNAM RETAIL MANAGEMENT LIMITED PARTNERSHIP 011 B000001 8-5088 011 C010001 BOSTON 011 C020001 MA 011 C030001 02109 012 A000001 PUTNAM INVESTOR SERVICES, INC. 012 B000001 84-06331 PAGE 2 012 C010001 BOSTON 012 C020001 MA 012 C030001 02109 013 A000001 PRICEWATERHOUSECOOPERS LLP 013 B010001 BOSTON 013 B020001 MA 013 B030001 02110 015 A000001 STATE STREET BANK AND TRUST COMPANY 015 B000001 C 015 C010001 BOSTON 015 C020001 MA 015 C030001 02110 015 E010001 X 018 000000 Y 019 A000000 Y 019 B000000 116 019 C000000 PUTNAMFUND 020 C000001 0 020 C000002 0 020 C000003 0 020 C000004 0 020 C000005 0 020 C000006 0 020 C000007 0 020 C000008 0 020 C000009 0 020 C000010 0 021 000000 0 022 A000001 JPMORGAN SECURITIES, INC. 022 B000001 13-3379014 022 C000001 24814 022 D000001 20719 022 A000002 GOLDMAN SACHS & CO. 022 B000002 13-5108880 022 C000002 11658 022 D000002 10789 022 A000003 CITIBANK, N.A. 022 B000003 13-5266470 022 C000003 11797 022 D000003 3962 022 A000004 JANNEY MONTGOMERY SCOTT, LLC 022 B000004 23-0731260 022 C000004 12214 022 D000004 0 022 A000005 FIDELITY CAPITAL MARKETS 022 B000005 04-2785576 022 C000005 11783 022 D000005 0 022 A000006 BARCLAYS CAPITAL, INC. 022 B000006 06-1031656 022 C000006 10803 PAGE 3 022 D000006 0 022 A000007 BAIRD (ROBERT W.) & CO., INC. 022 B000007 39-6037917 022 C000007 7313 022 D000007 0 022 A000008 WELLS FARGO SECURITIES, INC. 022 B000008 94-3379992 022 C000008 5159 022 D000008 1200 022 A000009 JEFFERIES & CO., INC. 022 B000009 95-2622900 022 C000009 4848 022 D000009 218 022 A000010 MORGAN STANLEY & CO., INC. 022 B000010 13-2655998 022 C000010 1646 022 D000010 2933 023 C000000 125646 023 D000000 41307 024 000000 N 025 D000001 0 025 D000002 0 025 D000003 0 025 D000004 0 025 D000005 0 025 D000006 0 025 D000007 0 025 D000008 0 026 A000000 N 026 B000000 Y 026 C000000 Y 026 D000000 Y 026 E000000 N 026 F000000 N 026 G010000 Y 026 G020000 Y 026 H000000 N 027 000000 Y 028 A010000 13769 028 A020000 1429 028 A030000 0 028 A040000 11828 028 B010000 16831 028 B020000 815 028 B030000 0 028 B040000 9026 028 C010000 4709 028 C020000 842 028 C030000 0 028 C040000 6663 028 D010000 4680 PAGE 4 028 D020000 732 028 D030000 0 028 D040000 10088 028 E010000 4548 028 E020000 908 028 E030000 0 028 E040000 11501 028 F010000 9073 028 F020000 824 028 F030000 0 028 F040000 11344 028 G010000 53610 028 G020000 5550 028 G030000 0 028 G040000 60450 028 H000000 44857 029 000000 Y 030 A000000 452 030 B000000 4.00 030 C000000 0.00 031 A000000 71 031 B000000 0 032 000000 381 033 000000 0 034 000000 Y 035 000000 30 036 A000000 N 036 B000000 0 037 000000 N 038 000000 0 039 000000 N 040 000000 Y 041 000000 Y 042 A000000 0 042 B000000 0 042 C000000 100 042 D000000 0 042 E000000 0 042 F000000 0 042 G000000 0 042 H000000 0 043 000000 1267 044 000000 0 045 000000 Y 046 000000 N 047 000000 N 048 000000 0.000 048 A010000 0 048 A020000 0.000 048 B010000 0 048 B020000 0.000 PAGE 5 048 C010000 0 048 C020000 0.000 048 D010000 0 048 D020000 0.000 048 E010000 0 048 E020000 0.000 048 F010000 0 048 F020000 0.000 048 G010000 0 048 G020000 0.000 048 H010000 0 048 H020000 0.000 048 I010000 0 048 I020000 0.000 048 J010000 0 048 J020000 0.000 048 K010000 0 048 K020000 0.000 049 000000 N 050 000000 N 051 000000 N 052 000000 Y 053 A000000 N 054 A000000 Y 054 B000000 Y 054 C000000 Y 054 D000000 N 054 E000000 N 054 F000000 N 054 G000000 N 054 H000000 N 054 I000000 N 054 J000000 Y 054 K000000 N 054 L000000 Y 054 M000000 Y 054 N000000 N 054 O000000 N 055 A000000 N 055 B000000 N 056 000000 Y 057 000000 N 058 A000000 N 059 000000 Y 060 A000000 Y 060 B000000 Y 061 000000 500 062 A000000 Y 062 B000000 0.0 062 C000000 0.0 062 D000000 0.0 PAGE 6 062 E000000 4.2 062 F000000 0.0 062 G000000 0.0 062 H000000 0.0 062 I000000 0.0 062 J000000 0.0 062 K000000 0.0 062 L000000 0.0 062 M000000 0.0 062 N000000 0.0 062 O000000 94.3 062 P000000 0.0 062 Q000000 0.0 062 R000000 0.0 063 A000000 0 063 B000000 18.0 064 A000000 Y 064 B000000 N 066 A000000 N 067 000000 N 068 A000000 N 068 B000000 N 069 000000 N 070 A010000 Y 070 A020000 N 070 B010000 Y 070 B020000 N 070 C010000 Y 070 C020000 N 070 D010000 Y 070 D020000 N 070 E010000 Y 070 E020000 N 070 F010000 Y 070 F020000 N 070 G010000 Y 070 G020000 N 070 H010000 Y 070 H020000 N 070 I010000 N 070 I020000 N 070 J010000 Y 070 J020000 N 070 K010000 Y 070 K020000 N 070 L010000 Y 070 L020000 N 070 M010000 Y 070 M020000 N 070 N010000 Y 070 N020000 N PAGE 7 070 O010000 Y 070 O020000 N 070 P010000 Y 070 P020000 Y 070 Q010000 N 070 Q020000 N 070 R010000 Y 070 R020000 N 071 A000000 99007 071 B000000 32944 071 C000000 389316 071 D000000 8 072 A000000 12 072 B000000 16097 072 C000000 0 072 D000000 0 072 E000000 0 072 F000000 1869 072 G000000 12 072 H000000 0 072 I000000 186 072 J000000 6 072 K000000 5 072 L000000 19 072 M000000 41 072 N000000 5 072 O000000 0 072 P000000 0 072 Q000000 0 072 R000000 69 072 S000000 32 072 T000000 1267 072 U000000 0 072 V000000 0 072 W000000 20 072 X000000 3531 072 Y000000 0 072 Z000000 12566 072AA000000 1063 072BB000000 0 072CC010000 4752 072CC020000 0 072DD010000 11867 072DD020000 1011 072EE000000 397 073 A010000 0.0000 073 A020000 0.0000 073 B000000 0.0092 073 C000000 0.0000 074 A000000 1004 074 B000000 0 PAGE 8 074 C000000 17980 074 D000000 402127 074 E000000 0 074 F000000 0 074 G000000 0 074 H000000 0 074 I000000 0 074 J000000 1380 074 K000000 0 074 L000000 6204 074 M000000 0 074 N000000 428695 074 O000000 0 074 P000000 465 074 Q000000 0 074 R010000 0 074 R020000 0 074 R030000 0 074 R040000 1739 074 S000000 0 074 T000000 426491 074 U010000 39519 074 U020000 3332 074 V010000 0.00 074 V020000 0.00 074 W000000 0.0000 074 X000000 6269 074 Y000000 0 075 A000000 0 075 B000000 421001 076 000000 0.00 077 A000000 Y 077 B000000 Y 077 L000000 Y 077 Q030000 Y 078 000000 N 080 A000000 NATL UNION FIRE/ACE AMER/GREAT AMER/FID&DEP 080 B000000 FEDERAL INSURANCE COMPANY 080 C000000 80000 081 A000000 Y 081 B000000 115 082 A000000 N 082 B000000 0 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N 086 A010000 0 086 A020000 0 PAGE 9 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE JANET C. SMITH TITLE PRINC. ACCT. OFFICER EX-99 2 auditletter845.txt Report of Independent Registered Public Accounting Firm To the Trustees and Shareholders of Putnam Massachusetts Tax Exempt Income Fund: In planning and performing our audit of the financial statements of Putnam Massachusetts Tax Exempt Income Fund (the Fund) as of and for the year ended May 31, 2013, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Funds internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form NSAR, but not for the purpose of expressing an opinion on the effectiveness of the Funds internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Funds internal control over financial reporting. The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A funds internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A funds internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a funds assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds annual or interim financial statements will not be prevented or detected on a timely basis. Our consideration of the Funds internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Funds internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of May 31, 2013. This report is intended solely for the information and use of management and the Board of Trustees of Putnam Massachusetts Tax Exempt Income Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ PricewaterhouseCoopers LLP Boston, MA July 8, 2013 2 of 3 3 of 3 PricewaterhouseCoopers LLP, 125 High Street, Boston, MA 02110 T: (617) 530 5000, F:(617) 530 5001, www.pwc.com/us EX-99 3 newacctpron845.txt New accounting pronouncement In January 2013, ASU 2013 01, Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, amended ASU No. 2011 11, Disclosures about Offsetting Assets and Liabilities. The ASUs create new disclosure requirements requiring entities to disclose both gross and net information for derivatives and other financial instruments that are either offset in the Statement of assets and liabilities or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are effective for annual reporting periods beginning on or after January 1, 2013 and interim periods within those annual periods. Putnam Management is currently evaluating the application of ASUs 2013 01 and 2011 11 and their impact, if any, on the funds financial statements. EX-99 4 perclass845.txt Putnam Massachusetts Tax Exempt Fund, 5/31/13, annual report Because the electronic format for filing Form NSAR does not provide adequate space for responding to certain items correctly, the correct answers are as follows: 72DD1 (000s omitted) Class A 10,625 Class B 103 Class C 1,019 Class M 120 72DD2 (000s omitted) Class Y 1,011 73A1 Class A 0.317364 Class B 0.254687 Class C 0.239354 Class M 0.290140 73A2 Class Y 0.340650 74U1 (000s omitted) Class A 34,033 Class B 434 Class C 4,647 Class M 405 74U2 (000s omitted) Class Y 3,332 74V1 Class A 9.95 Class B 9.94 Class C 9.97 Class M 9.95 74V2 Class Y 9.97 Item 61 Additional Information About Minimum Required Investment Shareholders can open a fund account with as little as $500 and make subsequent investments in any amount. The minimum investment is waived if you make regular investments weekly, semimonthly, or monthly through automatic deductions through your bank checking or savings account. Currently, Putnam is waiving the minimum, but reserves the right to reject initial investments under the minimum. Item 85B Additional Information About Errors and Omissions Policy While no claims with respect to the Registrant/Series were filed under such policy during the period, requests under such policy for reimbursement of legal expenses and costs arising out of claims of market timing activity in the Putnam Funds have been submitted by the investment manager of the Registrant/Series.