0000928816-20-000333.txt : 20200323 0000928816-20-000333.hdr.sgml : 20200323 20200323165718 ACCESSION NUMBER: 0000928816-20-000333 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200323 DATE AS OF CHANGE: 20200323 EFFECTIVENESS DATE: 20200323 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: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 033-05416 FILM NUMBER: 20735485 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 C000017120 Class A Shares PXMAX C000017121 Class B Shares PMABX C000060571 CLASS Y C000202927 Class R6 Shares 497K 1 a_mateisumsupp.htm PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND a_mateisumsupp.htm
Summary Prospectus Supplement   March 23, 2020 
 
Putnam Massachusetts Tax Exempt Income Fund   
Summary Prospectus dated September 30, 2019   

 

Effective July 1, 2020, the following information replaces similar information provided with respect to class A shares of the fund under Fees and expenses:

Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)

 
        Total annual 
    Distribution and  Other  fund operating 
Share class  Management Fees  service (12b-1) fees  expenses  expenses 
Class A  0.43%  0.25%  0.14%  0.82% 

 

Distribution and service (12b-1) fees have been restated to reflect current fees. For periods prior to July 1, 2020, the distribution and service (12b-1) fee rate for class A shares is expected to be 0.23%, which is a blended rate. Effective July 1, 2020, the rate for class A shares is 0.25%.

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 A  $480  $651  $837  $1,373 

 


320856 3/20 

 

GRAPHIC 3 mateisumsuppx1x1.jpg GRAPHIC begin 644 mateisumsuppx1x1.jpg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end