{
  "page": "compare",
  "query": {
    "a": "PTAEX",
    "b": "PTHAX"
  },
  "retrieved_at": "2026-07-07T17:37:45+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "Putnam Tax Exempt Income Fund",
    "ticker": "PTAEX",
    "slug": "PTAEX",
    "series_id": "S000006568",
    "html_url": "https://fundwatcher.app/funds/PTAEX/"
  },
  "fund_b": {
    "name": "Putnam Tax-Free High Yield Fund",
    "ticker": "PTHAX",
    "slug": "PTHAX",
    "series_id": "S000003861",
    "html_url": "https://fundwatcher.app/funds/PTHAX/"
  },
  "overlap": {
    "coverage_a_by_b": "0.1403641321250290459543347878",
    "coverage_b_by_a": "0.1403641321250290459543347879",
    "shared_count": 47,
    "as_of": {
      "a": "2025-09-30",
      "b": "2025-07-31"
    },
    "a_top": [
      {
        "name": "NEW YORK ST URBAN DEV CORP SALES TAX REVENUE",
        "value": "10519499.00",
        "weight": "0.01940815",
        "shared": false
      },
      {
        "name": "Wisconsin Health & Educational Facilities Authority",
        "value": "7944170.84",
        "weight": "0.01465675",
        "shared": false
      },
      {
        "name": "New York State Thruway Authority (TOBs)",
        "value": "7376952.24",
        "weight": "0.01361025",
        "shared": true
      },
      {
        "name": "Williamson (County of), TX Industrial Development Board, Series 2023, RB",
        "value": "6767935.04",
        "weight": "0.01248663",
        "shared": false
      },
      {
        "name": "Putnam Short Term Investment Fund, Class P",
        "value": "6471505.33",
        "weight": "0.01193973",
        "shared": false
      },
      {
        "name": "MET WASHINGTON DC ARPTS AUTH DULLES TOLL ROAD REVENUE",
        "value": "6332954.10",
        "weight": "0.01168410",
        "shared": false
      },
      {
        "name": "Alaska (State of) Industrial Development & Export Authority (Tanana Chiefs Conferene), Series 2019, RB",
        "value": "6276694.35",
        "weight": "0.01158031",
        "shared": true
      },
      {
        "name": "Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2022, RB",
        "value": "6231388.11",
        "weight": "0.01149672",
        "shared": true
      },
      {
        "name": "PORT HOUSTON TX AUTH REGD B/E 5.00000000",
        "value": "5911201.70",
        "weight": "0.01090598",
        "shared": false
      },
      {
        "name": "TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE",
        "value": "5865984.32",
        "weight": "0.01082256",
        "shared": false
      },
      {
        "name": "FREDDIE MAC MULTIFAMILY VRD CERTIFICATES 2.55%, Due 06/15/2035",
        "value": "5841164.76",
        "weight": "0.01077677",
        "shared": false
      },
      {
        "name": "SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE",
        "value": "5278224.00",
        "weight": "0.00973816",
        "shared": false
      },
      {
        "name": "DT OF COLUMBIA",
        "value": "5243272.00",
        "weight": "0.00967367",
        "shared": false
      },
      {
        "name": "Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue Bonds, Subordinate Series 2014A",
        "value": "5041610.50",
        "weight": "0.00930161",
        "shared": false
      },
      {
        "name": "KY PUB ENERGY AUTH-A",
        "value": "5037900.50",
        "weight": "0.00929477",
        "shared": false
      },
      {
        "name": "UT CNTY UT HOSP 5% 5/15/2041",
        "value": "5026155.50",
        "weight": "0.00927310",
        "shared": false
      },
      {
        "name": "Kansas City Industrial Development Authority",
        "value": "5008780.13",
        "weight": "0.00924104",
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      },
      {
        "name": "DeKalb County Housing Authority, Series 2024",
        "value": "5007062.50",
        "weight": "0.00923787",
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      },
      {
        "name": "Port Authority of New York & New Jersey (TOBs)",
        "value": "4798676.39",
        "weight": "0.00885341",
        "shared": true
      },
      {
        "name": "CHICAGO HSG AUTH-A",
        "value": "4735757.99",
        "weight": "0.00873733",
        "shared": false
      },
      {
        "name": "GRAND PKWY TRANSPRTN",
        "value": "4564929.15",
        "weight": "0.00842215",
        "shared": false
      },
      {
        "name": "NEW HAMPSHIRE ST HLTH & EDU FACS AUTH REVENUE",
        "value": "4521779.55",
        "weight": "0.00834254",
        "shared": false
      },
      {
        "name": "New York City Housing Development Corp",
        "value": "4315142.16",
        "weight": "0.00796130",
        "shared": false
      },
      {
        "name": "Tobacco Settlement Financing Corp., Series 2018A",
        "value": "4096954.80",
        "weight": "0.00755875",
        "shared": false
      },
      {
        "name": "SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE",
        "value": "4036912.00",
        "weight": "0.00744798",
        "shared": false
      },
      {
        "name": "NV LASGEN 5 07/01/2043",
        "value": "3985699.38",
        "weight": "0.00735349",
        "shared": false
      },
      {
        "name": "California Community Housing Agency, Series A-1",
        "value": "3984374.38",
        "weight": "0.00735105",
        "shared": true
      },
      {
        "name": "St. John the Baptist (Parish of), LA (Marathon Oil Corp.), Subseries 2017 A-3, Ref. RB",
        "value": "3980700.40",
        "weight": "0.00734427",
        "shared": false
      },
      {
        "name": "Chicago O'Hare International Airport, Series A",
        "value": "3962936.00",
        "weight": "0.00731149",
        "shared": false
      },
      {
        "name": "NY LIBERTY DEV CORP",
        "value": "3858667.05",
        "weight": "0.00711912",
        "shared": false
      },
      {
        "name": "Henrico County Economic Development Authority",
        "value": "3707376.47",
        "weight": "0.00683999",
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      },
      {
        "name": "E-470 Public Highway Authority, Series 2004A",
        "value": "3704029.50",
        "weight": "0.00683382",
        "shared": false
      },
      {
        "name": "PORT NY NJ 5% 9/15/2029@",
        "value": "3698186.42",
        "weight": "0.00682304",
        "shared": false
      },
      {
        "name": "Grays Harbor County Public Hospital District No. 1, Series 2023",
        "value": "3680122.64",
        "weight": "0.00678971",
        "shared": false
      },
      {
        "name": "City of Chicago, Series 2021 A",
        "value": "3635939.23",
        "weight": "0.00670819",
        "shared": true
      },
      {
        "name": "Indianapolis Local Public Improvement Bond Bank",
        "value": "3564685.95",
        "weight": "0.00657673",
        "shared": false
      },
      {
        "name": "MAIN STR NAT GA 5% MT",
        "value": "3557485.80",
        "weight": "0.00656345",
        "shared": false
      },
      {
        "name": "CA MUNI FIN AUTH-A",
        "value": "3552562.78",
        "weight": "0.00655437",
        "shared": false
      },
      {
        "name": "DENVER CO ARPT 5.75% 11/15/38",
        "value": "3540795.56",
        "weight": "0.00653266",
        "shared": true
      },
      {
        "name": "LOWER CO RIVER AUTH-A",
        "value": "3516242.60",
        "weight": "0.00648736",
        "shared": false
      },
      {
        "name": "CHANNELSIDE WATER RESOURCES LP 5.0% 11-21-45",
        "value": "3490172.35",
        "weight": "0.00643926",
        "shared": false
      },
      {
        "name": "COVENANT LIVING COMMUNITIES AND SERVICES OBLIGATED GROUP 4.0% 12-01-50",
        "value": "3383836.60",
        "weight": "0.00624307",
        "shared": true
      },
      {
        "name": "PEOPLE OF FAITH INC OBLIGATED GROUP 5.0% 05-15-39",
        "value": "3375447.95",
        "weight": "0.00622760",
        "shared": false
      },
      {
        "name": "ARLINGTON TX HGR EDU FIN CORP EDU REVENUE",
        "value": "3337313.76",
        "weight": "0.00615724",
        "shared": false
      },
      {
        "name": "Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge), Series 2024, RB",
        "value": "3281005.98",
        "weight": "0.00605335",
        "shared": true
      },
      {
        "name": "IOWA ST FIN AUTH REVENUE REGD B/E 4.00000000",
        "value": "3219240.64",
        "weight": "0.00593940",
        "shared": false
      },
      {
        "name": "San Francisco City & County Airport Comm-San Francisco International Airport",
        "value": "3217658.10",
        "weight": "0.00593648",
        "shared": false
      },
      {
        "name": "TOBACCO SETTLEMENT FING CORP R TOBGEN 06/50 FIXED 5",
        "value": "3191021.60",
        "weight": "0.00588734",
        "shared": true
      },
      {
        "name": "PORT SEATTLE 5% 8/1/2038@",
        "value": "3185824.20",
        "weight": "0.00587775",
        "shared": false
      },
      {
        "name": "Utah State Building Ownership Authority",
        "value": "3165754.04",
        "weight": "0.00584072",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "NYC TRANSITIONAL-A-1",
        "value": "13185591.25",
        "weight": "0.02023922",
        "shared": false
      },
      {
        "name": "Port of Portland OR Airport Revenue (TOBs)",
        "value": "13029305.30",
        "weight": "0.01999933",
        "shared": false
      },
      {
        "name": "OH BUCGEN 5 06/01/2055",
        "value": "7849612.05",
        "weight": "0.01204876",
        "shared": false
      },
      {
        "name": "Alaska (State of) Industrial Development & Export Authority (Tanana Chiefs Conferene), Series 2019, RB",
        "value": "7538288.63",
        "weight": "0.01157089",
        "shared": true
      },
      {
        "name": "New York State Thruway Authority (TOBs)",
        "value": "7311953.02",
        "weight": "0.01122348",
        "shared": true
      },
      {
        "name": "CITY OF CHICAGO IL 4.0% 01-01-38",
        "value": "6824257.10",
        "weight": "0.01047489",
        "shared": false
      },
      {
        "name": "Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2022, RB",
        "value": "6373715.03",
        "weight": "0.00978333",
        "shared": true
      },
      {
        "name": "INTERNATIONAL LEADERSHIP OF TEXAS INC 6.125% 08-15-48",
        "value": "6007953.60",
        "weight": "0.00922191",
        "shared": false
      },
      {
        "name": "Tender Option Bond Trust Receipts/Certificates",
        "value": "5654974.05",
        "weight": "0.00868010",
        "shared": false
      },
      {
        "name": "St. Louis (County of), MO Industrial Development Authority (Friendship Village West County), Series 2018 A, RB",
        "value": "5489673.60",
        "weight": "0.00842637",
        "shared": false
      },
      {
        "name": "Grays Harbor County Public Hospital District No. 1, Series 2023",
        "value": "5374478.50",
        "weight": "0.00824955",
        "shared": false
      },
      {
        "name": "MD ECON DEV CORP -A",
        "value": "5225204.04",
        "weight": "0.00802043",
        "shared": false
      },
      {
        "name": "RESTRUCTURED-SER A1",
        "value": "5183468.40",
        "weight": "0.00795636",
        "shared": true
      },
      {
        "name": "ILLINOIS ST FIN AUTH STUDENT HSG & ACADEMIC FAC REVENUE",
        "value": "5007884.75",
        "weight": "0.00768685",
        "shared": true
      },
      {
        "name": "RESTRUCTURED-SER A1",
        "value": "4971821.01",
        "weight": "0.00763150",
        "shared": false
      },
      {
        "name": "WA ST HSG FIN COMMN-1",
        "value": "4636463.56",
        "weight": "0.00711674",
        "shared": true
      },
      {
        "name": "NY TRANSPRTN DEV CORP",
        "value": "4471378.12",
        "weight": "0.00686334",
        "shared": false
      },
      {
        "name": "CHIEDU 5 12/1/2036",
        "value": "4464978.96",
        "weight": "0.00685352",
        "shared": false
      },
      {
        "name": "Port Authority of New York & New Jersey (TOBs)",
        "value": "4359213.24",
        "weight": "0.00669117",
        "shared": true
      },
      {
        "name": "TEXAS TX 6% 8/1/2054",
        "value": "4286932.80",
        "weight": "0.00658023",
        "shared": false
      },
      {
        "name": "District of Columbia (Green Bonds), Series 2022 A, RB",
        "value": "4164662.99",
        "weight": "0.00639255",
        "shared": false
      },
      {
        "name": "NY LIBERTY DEV 3% 9/15/2043",
        "value": "4127645.79",
        "weight": "0.00633573",
        "shared": false
      },
      {
        "name": "NY TRNSPRTN DEV-AMT",
        "value": "4096700.22",
        "weight": "0.00628823",
        "shared": false
      },
      {
        "name": "CSCDA Community Improvement Authority, Series 2021 A",
        "value": "4076344.81",
        "weight": "0.00625698",
        "shared": false
      },
      {
        "name": "NY LIBERTY DEV CORP-A",
        "value": "4038085.14",
        "weight": "0.00619826",
        "shared": false
      },
      {
        "name": "Lancaster County Hospital Authority/PA",
        "value": "3865304.30",
        "weight": "0.00593305",
        "shared": false
      },
      {
        "name": "Maricopa County Industrial Development Authority, Series 2024",
        "value": "3821712.98",
        "weight": "0.00586614",
        "shared": false
      },
      {
        "name": "Puerto Rico Electric Power Authority, Series TT",
        "value": "3656250.00",
        "weight": "0.00561216",
        "shared": false
      },
      {
        "name": "CSCDA Community Improvement Authority, Series A-2",
        "value": "3601500.30",
        "weight": "0.00552812",
        "shared": true
      },
      {
        "name": "CSCDA Community Improvement Authority, Series A-2",
        "value": "3595232.85",
        "weight": "0.00551850",
        "shared": true
      },
      {
        "name": "Detroit, Wayne County, Michigan, General Obligation Bonds, Financial Recovery Series 2014B-1",
        "value": "3542194.19",
        "weight": "0.00543709",
        "shared": true
      },
      {
        "name": "SIGNIA HOTEL MANAGEMENT LLC 5.0% 01-01-54",
        "value": "3507361.21",
        "weight": "0.00538362",
        "shared": false
      },
      {
        "name": "DENVER CO ARPT 5.75% 11/15/38",
        "value": "3448263.04",
        "weight": "0.00529291",
        "shared": true
      },
      {
        "name": "OHIO ST HGR EDUCTNL FAC COMMISSION",
        "value": "3442997.38",
        "weight": "0.00528483",
        "shared": false
      },
      {
        "name": "NH NFADEV 3.62 08/20/2039",
        "value": "3436178.73",
        "weight": "0.00527436",
        "shared": true
      },
      {
        "name": "BUCKEYE TOBACCO SETTLEMENT FIN BUCGEN 06/48 FIXED 3",
        "value": "3258909.52",
        "weight": "0.00500226",
        "shared": false
      },
      {
        "name": "UNITED AIRLINES INC 4.0% 07-01-41",
        "value": "3222828.75",
        "weight": "0.00494688",
        "shared": false
      },
      {
        "name": "Public Finance Authority",
        "value": "3213313.08",
        "weight": "0.00493227",
        "shared": false
      },
      {
        "name": "Ohio Higher Educational Facility Commission, Series 2022",
        "value": "3206088.93",
        "weight": "0.00492119",
        "shared": false
      },
      {
        "name": "LIFESPACE COMMUNITIES INC OBLIGATED GROUP 5.125% 05-15-59",
        "value": "3188114.65",
        "weight": "0.00489360",
        "shared": false
      },
      {
        "name": "FLORIDA DEV FIN CORP HLTHCAREF REGD B/E 5.00000000",
        "value": "3158928.50",
        "weight": "0.00484880",
        "shared": true
      },
      {
        "name": "TX MATPOL 4.4 05/01/2030",
        "value": "3135629.10",
        "weight": "0.00481303",
        "shared": true
      },
      {
        "name": "WFCS HOLDINGS LLC 5.0% 01-01-55",
        "value": "3113088.82",
        "weight": "0.00477843",
        "shared": false
      },
      {
        "name": "Camden (County of), NJ Improvement Authority (The) (KIPP Cooper Norcross Academy) (Social Bonds), Series 2022, RB",
        "value": "3057087.60",
        "weight": "0.00469248",
        "shared": false
      },
      {
        "name": "City of Sunnyvale, Series 2001",
        "value": "3044930.52",
        "weight": "0.00467382",
        "shared": false
      },
      {
        "name": "Dallas Area Municipal Authority, Series 2019",
        "value": "3031299.36",
        "weight": "0.00465289",
        "shared": false
      },
      {
        "name": "FLORIDA ST LOCAL GOVT FIN COMM REGD OID B/E 6.12500000",
        "value": "3001830.44",
        "weight": "0.00460766",
        "shared": false
      },
      {
        "name": "City of Chicago, Series 2021 A",
        "value": "2957506.34",
        "weight": "0.00453962",
        "shared": true
      },
      {
        "name": "Health & Educational Facilities Authority of the State of Missouri, Series 2023 A",
        "value": "2950515.10",
        "weight": "0.00452889",
        "shared": true
      },
      {
        "name": "Plaza Metropolitan District No. 1, Series 2013, Ref. RB",
        "value": "2934251.70",
        "weight": "0.00450393",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0002071691-25-006425",
      "as_of": "2025-09-30",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/205802/000207169125006425/0002071691-25-006425-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0002071691-25-001599",
      "as_of": "2025-07-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/771951/000207169125001599/0002071691-25-001599-index.htm"
    }
  ]
}