# Portfolio overlap — PTAEX vs PTHAX Comparing **Putnam Tax Exempt Income Fund** (2025-09-30) and **Putnam Tax-Free High Yield Fund** (2025-07-31). - Shared positions: 47 - Putnam Tax Exempt Income Fund covered by Putnam Tax-Free High Yield Fund: 0.1403641321250290459543347878 - Putnam Tax-Free High Yield Fund covered by Putnam Tax Exempt Income Fund: 0.1403641321250290459543347879 ## 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 | | ## Putnam Tax-Free High Yield Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | NYC TRANSITIONAL-A-1 | 0.020239 | | | Port of Portland OR Airport Revenue (TOBs) | 0.019999 | | | OH BUCGEN 5 06/01/2055 | 0.012049 | | | Alaska (State of) Industrial Development & Export Authority (Tanana Chiefs Conferene), Series 2019, RB | 0.011571 | ✓ | | New York State Thruway Authority (TOBs) | 0.011223 | ✓ | | CITY OF CHICAGO IL 4.0% 01-01-38 | 0.010475 | | | Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2022, RB | 0.009783 | ✓ | | INTERNATIONAL LEADERSHIP OF TEXAS INC 6.125% 08-15-48 | 0.009222 | | | Tender Option Bond Trust Receipts/Certificates | 0.008680 | | | St. Louis (County of), MO Industrial Development Authority (Friendship Village West County), Series 2018 A, RB | 0.008426 | | | Grays Harbor County Public Hospital District No. 1, Series 2023 | 0.008250 | | | MD ECON DEV CORP -A | 0.008020 | | | RESTRUCTURED-SER A1 | 0.007956 | ✓ | | ILLINOIS ST FIN AUTH STUDENT HSG & ACADEMIC FAC REVENUE | 0.007687 | ✓ | | RESTRUCTURED-SER A1 | 0.007632 | | | WA ST HSG FIN COMMN-1 | 0.007117 | ✓ | | NY TRANSPRTN DEV CORP | 0.006863 | | | CHIEDU 5 12/1/2036 | 0.006854 | | | Port Authority of New York & New Jersey (TOBs) | 0.006691 | ✓ | | TEXAS TX 6% 8/1/2054 | 0.006580 | | | District of Columbia (Green Bonds), Series 2022 A, RB | 0.006393 | | | NY LIBERTY DEV 3% 9/15/2043 | 0.006336 | | | NY TRNSPRTN DEV-AMT | 0.006288 | | | CSCDA Community Improvement Authority, Series 2021 A | 0.006257 | | | NY LIBERTY DEV CORP-A | 0.006198 | | | Lancaster County Hospital Authority/PA | 0.005933 | | | Maricopa County Industrial Development Authority, Series 2024 | 0.005866 | | | Puerto Rico Electric Power Authority, Series TT | 0.005612 | | | CSCDA Community Improvement Authority, Series A-2 | 0.005528 | ✓ | | CSCDA Community Improvement Authority, Series A-2 | 0.005519 | ✓ | | Detroit, Wayne County, Michigan, General Obligation Bonds, Financial Recovery Series 2014B-1 | 0.005437 | ✓ | | SIGNIA HOTEL MANAGEMENT LLC 5.0% 01-01-54 | 0.005384 | | | DENVER CO ARPT 5.75% 11/15/38 | 0.005293 | ✓ | | OHIO ST HGR EDUCTNL FAC COMMISSION | 0.005285 | | | NH NFADEV 3.62 08/20/2039 | 0.005274 | ✓ | | BUCKEYE TOBACCO SETTLEMENT FIN BUCGEN 06/48 FIXED 3 | 0.005002 | | | UNITED AIRLINES INC 4.0% 07-01-41 | 0.004947 | | | Public Finance Authority | 0.004932 | | | Ohio Higher Educational Facility Commission, Series 2022 | 0.004921 | | | LIFESPACE COMMUNITIES INC OBLIGATED GROUP 5.125% 05-15-59 | 0.004894 | | | FLORIDA DEV FIN CORP HLTHCAREF REGD B/E 5.00000000 | 0.004849 | ✓ | | TX MATPOL 4.4 05/01/2030 | 0.004813 | ✓ | | WFCS HOLDINGS LLC 5.0% 01-01-55 | 0.004778 | | | Camden (County of), NJ Improvement Authority (The) (KIPP Cooper Norcross Academy) (Social Bonds), Series 2022, RB | 0.004692 | | | City of Sunnyvale, Series 2001 | 0.004674 | | | Dallas Area Municipal Authority, Series 2019 | 0.004653 | | | FLORIDA ST LOCAL GOVT FIN COMM REGD OID B/E 6.12500000 | 0.004608 | | | City of Chicago, Series 2021 A | 0.004540 | ✓ | | Health & Educational Facilities Authority of the State of Missouri, Series 2023 A | 0.004529 | ✓ | | Plaza Metropolitan District No. 1, Series 2013, Ref. RB | 0.004504 | | ## Sources - N-PORT (fund A) — accession `0002071691-25-006425` (as of 2025-09-30) - N-PORT (fund B) — accession `0002071691-25-001599` (as of 2025-07-31) --- _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. Information may be used only for personal, non-commercial research and may not be redistributed. See _