0000928816-22-000638.txt : 20220527 0000928816-22-000638.hdr.sgml : 20220527 20220527093059 ACCESSION NUMBER: 0000928816-22-000638 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20220527 DATE AS OF CHANGE: 20220527 EFFECTIVENESS DATE: 20220527 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: 22972952 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   May 27, 2022 

 

Putnam Massachusetts Tax Exempt Income Fund
Summary Prospectus dated September 30, 2021

Effective July 1, 2022, the following replaces the introductory paragraph and the subsequent Shareholder fees table under the heading Fees and expenses:

Fees and expenses

The following tables describe the fees and expenses you may pay if you buy, hold and sell shares of the fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in class A shares of Putnam funds. More information about these and other discounts is available from your financial professional and in How do I buy fund shares? beginning on page 35 of the fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1 of the fund’s statement of additional information (SAI).

Shareholder fees (fees paid directly from your investment)

     
  Maximum sales charge (load)  Maximum deferred sales charge (load) (as 
  imposed on purchases (as a  a percentage of original purchase price or 
Share class  percentage of offering price)  redemption proceeds, whichever is lower) 
Class A  4.00%  1.00%* 
Class B  NONE  5.00%** 
Class C  NONE  1.00%*** 
Class R6  NONE  NONE 
Class Y  NONE  NONE 

 

* Applies only to certain redemptions of shares bought with no initial sales charge.
** This charge is phased out over six years.
*** This charge is eliminated after one year.


330120 5/22 

 

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