# Portfolio overlap — PTAEX vs LSMSX Comparing **Putnam Tax Exempt Income Fund** (2025-09-30) and **Western Asset SMASh Series TF Fund** (2026-02-27). - Shared positions: 11 - Putnam Tax Exempt Income Fund covered by Western Asset SMASh Series TF Fund: 0.03417825165136583769680523214 - Western Asset SMASh Series TF Fund covered by Putnam Tax Exempt Income Fund: 0.03417825165136583769680523212 ## Putnam Tax Exempt Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | NEW YORK ST URBAN DEV CORP SALES TAX REVENUE | 0.019408 | | | Wisconsin Health & Educational Facilities Authority | 0.014657 | | | New York State Thruway Authority (TOBs) | 0.013610 | | | Williamson (County of), TX Industrial Development Board, Series 2023, RB | 0.012487 | | | Putnam Short Term Investment Fund, Class P | 0.011940 | | | MET WASHINGTON DC ARPTS AUTH DULLES TOLL ROAD REVENUE | 0.011684 | | | Alaska (State of) Industrial Development & Export Authority (Tanana Chiefs Conferene), Series 2019, RB | 0.011580 | | | Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2022, RB | 0.011497 | | | PORT HOUSTON TX AUTH REGD B/E 5.00000000 | 0.010906 | | | TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE | 0.010823 | | | FREDDIE MAC MULTIFAMILY VRD CERTIFICATES 2.55%, Due 06/15/2035 | 0.010777 | | | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE | 0.009738 | | | DT OF COLUMBIA | 0.009674 | | | Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue Bonds, Subordinate Series 2014A | 0.009302 | | | KY PUB ENERGY AUTH-A | 0.009295 | | | UT CNTY UT HOSP 5% 5/15/2041 | 0.009273 | | | Kansas City Industrial Development Authority | 0.009241 | | | DeKalb County Housing Authority, Series 2024 | 0.009238 | | | Port Authority of New York & New Jersey (TOBs) | 0.008853 | | | CHICAGO HSG AUTH-A | 0.008737 | | | GRAND PKWY TRANSPRTN | 0.008422 | | | NEW HAMPSHIRE ST HLTH & EDU FACS AUTH REVENUE | 0.008343 | | | New York City Housing Development Corp | 0.007961 | | | Tobacco Settlement Financing Corp., Series 2018A | 0.007559 | | | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE | 0.007448 | | | NV LASGEN 5 07/01/2043 | 0.007353 | | | California Community Housing Agency, Series A-1 | 0.007351 | | | St. John the Baptist (Parish of), LA (Marathon Oil Corp.), Subseries 2017 A-3, Ref. RB | 0.007344 | | | Chicago O'Hare International Airport, Series A | 0.007311 | | | NY LIBERTY DEV CORP | 0.007119 | | | Henrico County Economic Development Authority | 0.006840 | | | E-470 Public Highway Authority, Series 2004A | 0.006834 | | | PORT NY NJ 5% 9/15/2029@ | 0.006823 | | | Grays Harbor County Public Hospital District No. 1, Series 2023 | 0.006790 | | | City of Chicago, Series 2021 A | 0.006708 | | | Indianapolis Local Public Improvement Bond Bank | 0.006577 | | | MAIN STR NAT GA 5% MT | 0.006563 | | | CA MUNI FIN AUTH-A | 0.006554 | | | DENVER CO ARPT 5.75% 11/15/38 | 0.006533 | | | LOWER CO RIVER AUTH-A | 0.006487 | | | CHANNELSIDE WATER RESOURCES LP 5.0% 11-21-45 | 0.006439 | | | COVENANT LIVING COMMUNITIES AND SERVICES OBLIGATED GROUP 4.0% 12-01-50 | 0.006243 | | | PEOPLE OF FAITH INC OBLIGATED GROUP 5.0% 05-15-39 | 0.006228 | | | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE | 0.006157 | | | Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge), Series 2024, RB | 0.006053 | | | IOWA ST FIN AUTH REVENUE REGD B/E 4.00000000 | 0.005939 | | | San Francisco City & County Airport Comm-San Francisco International Airport | 0.005936 | | | TOBACCO SETTLEMENT FING CORP R TOBGEN 06/50 FIXED 5 | 0.005887 | | | PORT SEATTLE 5% 8/1/2038@ | 0.005878 | | | Utah State Building Ownership Authority | 0.005841 | | ## Western Asset SMASh Series TF Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | NYC-D4-ADJ | 0.036862 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.023821 | | | ILLINOIS ST FIN AUTH REVENUE | 0.023551 | | | STATE OF NEW JERSEY NATL 0.0% 12-15-31 | 0.021980 | | | NYC MUNI WTR FIN-BB | 0.021802 | | | CALIFORNIA COMMUNITY VAR | 0.019613 | | | MET NASHVILLE TN ARPT AUTH ARPT REVENUE | 0.016061 | | | PENNSYLVANIA ST ECON DEV FING REGD OID B/E AMT 5.25000000 | 0.014067 | | | State of Illinois | 0.013779 | | | NOVANT HEALTH OBLIGATED GROUP 5.0% 12-01-35 | 0.011782 | | | Energy Southeast A Cooperative District, Series B-1 | 0.011553 | | | CTR PLN ENG GAS 5% 9/1/2033 | 0.011518 | | | CTR TX RMA 4% 1/1/2051 | 0.011517 | | | CHICAGO IL BRD OF EDU CHIEDU 12/40 FIXED 5 | 0.011384 | ✓ | | Public Energy Auth. of Kentucky Gas Supply Rev. Refg. C | 0.011265 | | | OR FACS AUTH-B-REF | 0.011263 | | | IL CHI 5.5 01/01/2039 | 0.011056 | | | New York State Urban Development Corp. (Bidding Group 3), Series 2023 A, RB | 0.010824 | | | NY NYCUTL 5.25 06/15/2052 | 0.010818 | | | NY TRANSPRTN DEV CORP | 0.010749 | | | Chandler Industrial Development Authority | 0.010445 | | | NOVANT HEALTH OBLIGATED GROUP 5.0% 06-01-55 | 0.010268 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.009985 | ✓ | | PORT NY NJ 4% 7/15/2045 @ | 0.009936 | | | NY MTA DED 4% 11/15/2054 | 0.009504 | | | INDIANA ST FIN AUTH HLTH SYS R INSMED 12/49 FIXED 4 | 0.009484 | | | NYC GO 23A-4 Q=TD V1 | 0.009216 | | | CALIFORNIA COMMUNITY VAR | 0.009145 | | | NY TRANSPRTN DEV -AMT | 0.008573 | | | CHICAGO IL BRD OF EDU REGD B/E 5.00000000 | 0.008279 | | | Black Belt Energy Gas District (The) (Gas), Series 2022 F, RB | 0.008194 | | | CHICAGO IL BRD OF EDU DEDICATE REGD B/E 5.75000000 | 0.008179 | | | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts. | 0.008148 | | | California Community Choice Financing Authority, Series 2025G | 0.008080 | | | Chandler Industrial Development Authority, Series 2019 | 0.007903 | | | RESTRUCTURED-SER A1 | 0.007798 | ✓ | | NY TRANS CORP 5% 6/30/2049 @ | 0.007769 | | | NY TRANS CORP 5% 7/1/46 @ | 0.007683 | ✓ | | NY TRANSPRTN DEV -AMT | 0.007675 | | | ELGIN TX ISD 4% 8/1/2049 | 0.007304 | | | WV HOSP FIN AUTH-C | 0.007168 | | | Van Alstyne Independent School District | 0.007113 | | | New York City Housing Development Corp | 0.006740 | ✓ | | St. John the Baptist (Parish of), LA (Marathon Oil Corp.), Series 2017, Ref. RB | 0.006252 | | | Oneida County Local Development Corp., Series A | 0.005978 | | | LONGVIEW TX ISD 4% 2/15/2049 | 0.005852 | | | DENVER CO ARPT 5% 11/15/2032 @ | 0.005827 | | | Black Belt Energy Gas District, Series D | 0.005689 | | | MTRO WA DC ARPT 5% 10/1/2030 @ | 0.005676 | | | SALT VERDE FINL CORP GAS REV ARIZ SR | 0.005614 | | ## Sources - N-PORT (fund A) — accession `0002071691-25-006425` (as of 2025-09-30) - N-PORT (fund B) — accession `0000940400-26-014628` (as of 2026-02-27) --- _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._ _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._ _Use of this data is subject to the FundWatcher Terms of Service. 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