# EDGAR Filing Document

**Accession Number:** 0000794612
**File Stem:** 0001752724-25-185801
**Filing Date:** 2025-8
**Character Count:** 73274
**Document Hash:** 870e6d2d594c4fc1705b7766ec69e79a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-185801.hdr.sgml**: 20250811

**ACCESSION NUMBER**: 0001752724-25-185801

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250811

**DATE AS OF CHANGE**: 20250811

**EFFECTIVENESS DATE**: 20250811

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM MINNESOTA TAX EXEMPT INCOME FUND
- **CENTRAL INDEX KEY:** 0000794612

**ORGANIZATION NAME:**
- **EIN:** 046626128
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04527
- **FILM NUMBER:** 251200645

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6172921000

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM MINNESOTA TAX EXEMPT INCOME FUND/MA
- **DATE OF NAME CHANGE:** 20080729

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM MINNESOTA TAX EXEMPT INCOME FUND II
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM MINNESOTA TAX EXEMPT INCOME FUND
- **DATE OF NAME CHANGE:** 19920609

## Series and Classes Contracts Data

### PUTNAM MINNESOTA TAX EXEMPT INCOME FUND II (Series ID: S000006218)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000017144 | Class A Shares  | PXMNX           |
| C000017145 | Class B Shares  | PMTBX           |
| C000039836 | Class C Shares  |  |
| C000060573 | CLASS Y         |  |
| C000202929 | Class R6 Shares |  |

## Internal

```

Report of Independent Registered Public Accounting Firm

To the Board of Trustees and Shareholders of Putnam Minnesota
Tax Exempt Income Fund

In planning and performing our audit of the financial statements
of Putnam Minnesota Tax Exempt Income Fund (the "Fund") as of and
for the year ended May 31, 2025, in accordance with the standards
of the Public Company Accounting Oversight Board (United States)
(PCAOB), we considered the Fund's internal control over financial
reporting, including controls over safeguarding securities, as a
basis for designing our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply
with the requirements of Form N-CEN, but not for the purpose of
expressing an opinion on the effectiveness of the Fund's internal
control over financial reporting. Accordingly, we do not express
an opinion on the effectiveness of the Fund's internal control over
financial reporting.

The management of the Fund is responsible for establishing and
maintaining effective internal control over financial reporting.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of controls. A company's internal control over
financial reporting is a process designed to provide reasonable
assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in
accordance with generally accepted accounting principles. A
company's internal control over financial reporting includes
those policies and procedures that (1) pertain to the maintenance
of records that, in reasonable detail, accurately and fairly reflect
the transactions and dispositions of the assets of the company;
(2) provide reasonable assurance that transactions are recorded
as necessary to permit preparation of financial statements in
accordance with generally accepted accounting principles, and
that receipts and expenditures of the company are being made
only in accordance with authorizations of management and directors
of the company; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use
or disposition of a company's assets that could have a material
effect on the financial statements.

Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to
future periods are subject to the risk that controls may
become inadequate because of changes in conditions, or that
the degree of compliance with the policies or procedures
may deteriorate.

A deficiency in internal control over financial reporting exists
when the design or operation of a control does not allow
management or employees, in the normal course of performing their
assigned functions, to prevent or detect misstatements on a timely
basis. A material weakness is a deficiency, or a combination of
deficiencies, in internal control over financial reporting, such
that there is a reasonable possibility that a material misstatement
of the company's annual or interim financial statements will not
be prevented or detected on a timely basis.

Our consideration of the Fund's internal control over financial
reporting was for the limited purpose described in the first
paragraph and would not necessarily disclose all deficiencies
in internal control over financial reporting that might be
material weaknesses under standards established by the PCAOB.
However, we noted no deficiencies in the Fund's internal control
over financial reporting and its operation, including controls
over safeguarding securities, that we consider to be material
weaknesses as defined above as of May 31, 2025.

This report is intended solely for the information and use of
the Board of Trustees of Putnam Minnesota Tax Exempt Income
Fund and the Securities and Exchange Commission and is not
intended to be and should not be used by anyone other than
these specified parties.

PricewaterhouseCoopers LLP
Boston, Massachusetts
July 21, 2025

```

# Form N-CEN: Annual Report for Registered Investment Companies

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0000794612

## N-CEN: Series/Class (Contract) Information

### N-CEN: Part A: General Information

**Item A.1.a - Report for period ending:** 2025-05-31

**Item A.1.b - Does this report cover a period of less than 12 months?:** No

## N-CEN: Part B: Information About the Registrant

- **Item B.1.a - Full name of Registrant:** Putnam Minnesota Tax Exempt Income Fund

- **Item B.1.b - Investment Company Act file number:** 811-04527

- **Item B.1.c - CIK:** 0000794612

- **Item B.1.d - LEI:** D1VFUXOG1JBN5H5V4W39

- **Item B.2.a - Street 1:** 100 FEDERAL STREET

- **Item B.2.b - City:** BOSTON

- **Item B.2.c - State:** MA

- **Item B.2.e - Zip Code:** 02110

- **Item B.2.f - Telephone:** 1-800-225-1581

- **Item B.2.g - Public Website:** www.franklintempleton.com

### Item B.3 - Location of books and records

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** Franklin Advisers, Inc.

- **b. Street 1:** One Franklin Parkway

- **c. City:** San Mateo

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 94403-1906

- **g. Telephone number:** 650-312-2000

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as Investment manager

**Location books Record: 2**

- **a. Name of person (e.g., a custodian of records):** JPMorgan Chase Bank, N.A.

- **b. Street 1:** 390 Madison Avenue

- **c. City:** New York

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 10017

- **g. Telephone number:** 212-464-1909

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as Custodian

**Location books Record: 3**

- **a. Name of person (e.g., a custodian of records):** Franklin Templeton Investment Management Limited

- **b. Street 1:** Cannon Place

- **Street 2:** 78 Cannon Street

- **c. City:** London

- **f. Zip code and zip code extension, or foreign postal code:** EC4N 6HL

- **g. Telephone number:** 44-20-7073-8500

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as Investment manager

**Location books Record: 4**

- **a. Name of person (e.g., a custodian of records):** JPMorgan Chase Bank, N.A.

- **b. Street 1:** 380 Madison Avenue

- **c. City:** New York

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 10017

- **g. Telephone number:** 212-270-6000

- **h. Briefly describe the books and records kept at this location:** Records relating to its functions as Sub-Administrator and Fund Accounting Agent

**Location books Record: 5**

- **a. Name of person (e.g., a custodian of records):** State Street Bank and Trust Company

- **b. Street 1:** 2 AVENUE DE LAFAYETTE

- **c. City:** BOSTON

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 02111

- **g. Telephone number:** 1-617-786-3000

- **h. Briefly describe the books and records kept at this location:** Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder

**Location books Record: 6**

- **a. Name of person (e.g., a custodian of records):** Putnam Retail Management Limited Partnership

- **b. Street 1:** 100 FEDERAL STREET

- **c. City:** BOSTON

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 02110

- **g. Telephone number:** 1-800-225-1581

- **h. Briefly describe the books and records kept at this location:** Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder

**Location books Record: 7**

- **a. Name of person (e.g., a custodian of records):** Franklin Templeton Services, LLC

- **b. Street 1:** One Franklin Parkway

- **c. City:** San Mateo

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 94403-1906

- **g. Telephone number:** 650-312-2000

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as Administrative manager

**Location books Record: 8**

- **a. Name of person (e.g., a custodian of records):** Putnam Investor Services, Inc.

- **b. Street 1:** 100 FEDERAL STREET

- **c. City:** BOSTON

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 02110

- **g. Telephone number:** 1-800-225-1581

- **h. Briefly describe the books and records kept at this location:** Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder

**Location books Record: 9**

- **a. Name of person (e.g., a custodian of records):** Putnam Investment Management, LLC

- **b. Street 1:** 100 FEDERAL STREET

- **c. City:** BOSTON

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 02110

- **g. Telephone number:** 1-800-225-1581

- **h. Briefly describe the books and records kept at this location:** Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder

**Location books Record: 10**

- **a. Name of person (e.g., a custodian of records):** Michael J. Higgins

- **b. Street 1:** 100 FEDERAL STREET

- **c. City:** BOSTON

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 02110

- **g. Telephone number:** 1-800-225-1581

- **h. Briefly describe the books and records kept at this location:** Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder

**Location books Record: 11**

- **a. Name of person (e.g., a custodian of records):** Franklin Distributors, LLC

- **b. Street 1:** One Franklin Parkway

- **c. City:** San Mateo

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 94403-1906

- **g. Telephone number:** 650-312-2000

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as Principal underwriter

**Location books Record: 12**

- **a. Name of person (e.g., a custodian of records):** State Street Bank and Trust Company

- **b. Street 1:** 225 FRANKLIN STREET

- **c. City:** BOSTON

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 02110

- **g. Telephone number:** 1-617-786-3000

- **h. Briefly describe the books and records kept at this location:** Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder

- **Item B.4.a - Is this the first filing by the Registrant?:** No

- **Item B.4.b - Is this the last filing by the Registrant?:** No

- **Item B.5.a - Is the Registrant part of a family of investment companies?:** Yes

- **Item B.5.a.i - Full name of family of investment companies:** Franklin Templeton Group of Funds

### Item B.6 - Organization

- [x] a. Open-end management investment company registered under the Act on Form N-1A

- [ ] b. Closed-end management investment company registered under the Act on Form N-2

- [ ] c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3

- [ ] d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4

- [ ] e. Small business investment company registered under the Act on Form N-5

- [ ] f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6

- [ ] g. Unit investment trust registered under the Act on Form N-8B-2

- **Item B.6.i - Total number of Series:** 1

- **Item B.7 - Is the Registrant the issuer of a class of securities registered under the Securities Act?:** Yes

### Item B.8 - Directors

| Name                     | Is Interested Person?   | Other Investment Company File Numbers                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|:---|:---|:---|
| Jane E. Trust            | Yes                     | 811-07513, 811-06444, 811-02280, 811-06629, 811-02351, 811-22369, 811-23643, 811-22294, 811-00058, 811-21467, 811-07920, 811-05498, 811-22491, 811-10603, 811-05346, 811-10407, 811-03741, 811-02742, 811-07121, 811-02608, 811-21403, 811-06128, 811-04524, 811-05977, 811-21477, 811-03897, 811-04052, 811-04254, 811-07626, 811-04345, 811-04616, 811-03386, 811-22338, 811-06506, 811-01403, 811-06190, 811-23408, 811-22546, 811-04518, 811-04528, 811-21343, 811-21337, 811-05740, 811-03630, 811-22334, 811-07237, 811-05452, 811-08709, 811-22444, 811-00653, 811-06740, 811-05497, 811-06310, 811-05802, 811-21128, 811-02675, 811-05635, 811-06110 |
| Jennifer Williams Murphy | No                      | 811-05977, 811-04616, 811-04524, 811-02608, 811-00058, 811-04518, 811-05740, 811-07121, 811-02675, 811-04345, 811-05802, 811-02742, 811-00653, 811-06128, 811-07237, 811-05498, 811-05452, 811-06190, 811-07626, 811-03897, 811-03386, 811-03741, 811-07513, 811-02280, 811-23643, 811-05346, 811-04528, 811-01403, 811-03630, 811-05635                                                                                                                                                                                                                                                                                                                     |
| Katinka Domotorffy       | No                      | 811-02280, 811-03897, 811-06190, 811-05346, 811-07121, 811-05740, 811-00058, 811-05977, 811-04518, 811-05498, 811-05452, 811-05802, 811-02675, 811-04616, 811-02742, 811-04528, 811-23643, 811-04345, 811-03630, 811-05635, 811-06128, 811-03741, 811-00653, 811-07513, 811-01403, 811-07237, 811-03386, 811-07626, 811-04524, 811-02608                                                                                                                                                                                                                                                                                                                     |
| Catharine Bond Hill      | No                      | 811-03897, 811-05498, 811-06190, 811-05740, 811-03630, 811-04518, 811-07121, 811-00653, 811-06128, 811-07237, 811-01403, 811-05452, 811-04524, 811-04345, 811-02742, 811-00058, 811-07513, 811-02280, 811-03386, 811-03741, 811-04616, 811-02608, 811-05802, 811-23643, 811-05977, 811-02675, 811-05635, 811-04528, 811-05346, 811-07626                                                                                                                                                                                                                                                                                                                     |
| Liaquat Ahamed           | No                      | 811-05802, 811-04524, 811-05452, 811-02280, 811-07513, 811-05498, 811-00653, 811-23643, 811-07237, 811-06128, 811-04616, 811-03741, 811-04345, 811-07626, 811-05740, 811-03386, 811-06190, 811-03630, 811-01403, 811-02742, 811-05346, 811-04518, 811-02675, 811-07121, 811-05977, 811-00058, 811-03897, 811-04528, 811-05635, 811-02608                                                                                                                                                                                                                                                                                                                     |
| Gregory G. McGreevey     | No                      | 811-02608, 811-05452, 811-05498, 811-03741, 811-07513, 811-05346, 811-07626, 811-06190, 811-05740, 811-05802, 811-02280, 811-02675, 811-01403, 811-00653, 811-04524, 811-03386, 811-02742, 811-03897, 811-04616, 811-23643, 811-04528, 811-05977, 811-05635, 811-07121, 811-03630, 811-00058, 811-07237, 811-06128, 811-04518, 811-04345                                                                                                                                                                                                                                                                                                                     |
| Manoj P. Singh           | No                      | 811-07513, 811-05452, 811-00653, 811-04528, 811-05635, 811-03741, 811-06190, 811-05977, 811-04345, 811-02608, 811-03386, 811-02742, 811-04616, 811-06128, 811-05498, 811-05740, 811-00058, 811-04518, 811-07237, 811-04524, 811-23643, 811-05802, 811-02280, 811-03630, 811-01403, 811-07626, 811-05346, 811-02675, 811-07121, 811-03897                                                                                                                                                                                                                                                                                                                     |
| George Putnam III        | No                      | 811-07513, 811-04345, 811-06190, 811-05452, 811-00058, 811-00653, 811-03630, 811-05740, 811-04524, 811-23643, 811-02608, 811-05977, 811-04518, 811-07237, 811-05498, 811-04616, 811-05802, 811-02280, 811-07626, 811-01403, 811-03897, 811-06128, 811-03386, 811-07121, 811-02675, 811-03741, 811-05346, 811-05635, 811-04528, 811-02742                                                                                                                                                                                                                                                                                                                     |
| Mona K. Sutphen          | No                      | 811-02675, 811-07626, 811-03897, 811-04616, 811-06190, 811-02742, 811-03741, 811-02280, 811-23643, 811-00058, 811-07237, 811-05346, 811-05452, 811-04518, 811-07513, 811-03386, 811-05635, 811-05498, 811-06128, 811-04528, 811-00653, 811-04345, 811-02608, 811-03630, 811-01403, 811-05977, 811-07121, 811-05740, 811-05802, 811-04524                                                                                                                                                                                                                                                                                                                     |
| Robert L. Reynolds       | Yes                     | 811-03630, 811-05635, 811-06190, 811-05802, 811-03741, 811-00058, 811-07237, 811-01403, 811-02280, 811-04518, 811-02675, 811-02608, 811-05498, 811-23643, 811-04524, 811-04345, 811-04616, 811-03897, 811-04528, 811-02742, 811-06128, 811-05346, 811-05977, 811-00653, 811-05740, 811-07626, 811-07121, 811-05452, 811-03386, 811-07513                                                                                                                                                                                                                                                                                                                     |
| Marie Pillai             | No                      | 811-02675, 811-07626, 811-03741, 811-05740, 811-05452, 811-00058, 811-05635, 811-03897, 811-00653, 811-04528, 811-05802, 811-04345, 811-06190, 811-05977, 811-03386, 811-04524, 811-04518, 811-02608, 811-03630, 811-02742, 811-07237, 811-01403, 811-05346, 811-23643, 811-07121, 811-05498, 811-06128, 811-07513, 811-02280, 811-04616                                                                                                                                                                                                                                                                                                                     |
| Barbara M. Baumann       | No                      | 811-05977, 811-03386, 811-00058, 811-03741, 811-05740, 811-04345, 811-07121, 811-02280, 811-05635, 811-03897, 811-02608, 811-06190, 811-07513, 811-05452, 811-05498, 811-04524, 811-23643, 811-07237, 811-00653, 811-06128, 811-02675, 811-04528, 811-05802, 811-07626, 811-04616, 811-05346, 811-01403, 811-04518, 811-03630, 811-02742                                                                                                                                                                                                                                                                                                                     |

### Item B.9. Chief compliance officer.

**Chief compliance officer Record: 1**

- **a. Full Name:** James F. Clark

- **b. CRD Number, if any:** N/A

- **c. Street Address 1:** 100 FEDERAL STREET

- **d. City:** BOSTON

- **e. State, if applicable:** MA

- **f. Foreign country, if applicable:** US

- **g. Zip code:** 02110

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** No

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

### Item B.10. Matters for security holder vote.

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** No

- **Item B.11.a - Have there been any material legal proceedings?:** No

- **Item B.11.b - Has any proceeding previously reported been terminated?:** No

- **Item B.12.a - Were any claims with respect to the Registrant filed under a fidelity bond?:** No

- **Item B.13.a - Are the Registrant's officers or directors covered under any insurance policy?:** Yes

- **Item B.13.a.i - If yes, were any claims filed under the policy during the reporting period?:** No

- **Item B.14 - Did an affiliated person provide any form of financial support to the Registrant?:** No

- **Item B.15.a.i - Release numbers:**
  - IC-20851

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

- **i. Full name:** Putnam Retail Management Limited Partnership

- **ii. SEC file number:** 8-5088

- **iii. CRD number:** 000007325

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

- **vii. Is the principal underwriter an affiliated person...?:** Yes

**Principal underwriter Record: 2**

- **i. Full name:** Franklin Distributors, LLC

- **ii. SEC file number:** 8-5889

- **iii. CRD number:** 000000332

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Is the principal underwriter an affiliated person...?:** Yes

- **b. Have any principal underwriters been hired or terminated during the reporting period?** Yes

### Item B.17. Independent public accountant.

**Public accountant Record: 1**

- **a. Full Name:** PricewaterhouseCoopers LLP

- **b. PCAOB Number:** 238

- **c. LEI, if any:** 5493002GVO7EO8RNNS37

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Has the independent public accountant changed since the last filing?** No

- **Item B.18 - Did an independent public accountant's report on internal control note any material weaknesses?:** No

- **Item B.19 - Did an independent public accountant issue an opinion other than an unqualified opinion?:** No

- **Item B.21 - Have there been any changes in accounting principles or practices?:** No

- **Item B.22.a - Were any payments made to shareholders as a result of an error in calculating NAV?:** No

- **Item B.23 - Did the Registrant pay any dividend or make any distribution required to be accompanied by a written statement?:** No

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - Putnam Minnesota Tax Exempt Income Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Putnam Minnesota Tax Exempt Income Fund

- **b. Series identification number, if any:** S000006218

- **c. LEI:** D1VFUXOG1JBN5H5V4W39

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 1

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                         | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | PUTNAM MINNESOTA TAX EXEMPT INCOME FUND CL Y  | C000060573                                | PMNYX                        |
|                           2 | PUTNAM MINNESOTA TAX EXEMPT INCOME FUND CL C  | C000039836                                | PMOCX                        |
|                           3 | PUTNAM MINNESOTA TAX EXEMPT INCOME FUND CL R6 | C000202929                                | PMVTX                        |
|                           4 | PUTNAM MINNESOTA TAX EXEMPT INCOME FUND CL A  | C000017144                                | PXMNX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))

- Rule 17a-6 (17 CFR 270.17a-6)

- Rule 12d1-1 (17 CFR 270.12d1-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Franklin Advisers, Inc.

- **ii. SEC file number:** 801-26292

- **iii. CRD number:** 000104517

- **iv. LEI, if any:** B1CG1NRZIDDJ0DQEXB52

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** Putnam Investment Management, LLC

- **ii. SEC file number:** 801-7974

- **iii. CRD number:** 000106629

- **iv. LEI, if any:** N/A

- **v. Is the sub-adviser an affiliated person?:** Yes

**Sub-adviser Record: 2**

- **i. Full name:** Franklin Templeton Investment Management Limited

- **ii. SEC file number:** 801-55170

- **iii. CRD number:** 000111360

- **iv. LEI, if any:** MLH7B1BVFWXZVST01715

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vi. Foreign country, if applicable:** GB

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** Putnam Investor Services, Inc.

- **ii. SEC file number:** 84-06331

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **Description of other identifying number:** LEI Number

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 2**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** N/A

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** Putnam Investor Services, Inc.

- **ii. LEI, if any:** N/A

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** FRANKLIN TEMPLETON SERVICES, LLC

- **ii. LEI, if any, or other identifying number:** 549300DFD0POOJZ42788

- **iii. State, if applicable:** CA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

No Brokers reported.

**Item C.17.a. Principal transaction counterparties.**

| Name                              | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| Truist Securities, Inc.           | 8-17212           |    000006271 | CSVTK36R0PNGXEM7NS14 | GA      | US        | $7,075,955.00             |
| J.P. Morgan Securities LLC        | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $7,405,594.70             |
| RBC Capital Markets, LLC          | 8-45411           |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $8,938,470.18             |
| UBS Securities LLC                | 8-22651           |    000007654 | T6FIZBDPKLYJKFCRVK44 | NY      | US        | $6,192,001.90             |
| Piper Sandler & Co.               | 8-15204           |    000000665 | 549300GRQCWQ3XGH0H10 | MN      | US        | $11,400,170.06            |
| Morgan Stanley & Co. LLC          | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $6,774,580.80             |
| Barclays Capital, Inc.            | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $5,190,522.55             |
| BofA Securities, Inc.             | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $5,873,099.10             |
| Janney Montgomery Scott LLC       | 8-00462           |    000000463 | 549300QQRY1JCFQHYS08 | PA      | US        | $5,613,602.50             |
| Siebert Williams Shank & Co., LLC | 8-49877           |    000042568 | 254900VTARX8RAY9QK77 | NY      | US        | $8,517,671.05             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $107,855,358.72

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $187,635,997.96

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $2,995,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 2 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 3 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 4 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 5 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 6 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH

  - **Line Institutions Record: 7 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 8 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 9 Name of institution:** DEUTSCHE BANK SECURITIES INC.

  - **Line Institutions Record: 10 Name of institution:** MORGAN STANLEY SENIOR FUNDING, INC.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                                                  | SEC File number   |
|:---|:---|
| Templeton Global Bond VIP Fund                                                                | 811-05583         |
| Putnam VT Large Cap Value Fund                                                                | 811-05346         |
| BrandywineGLOBAL - Global Opportuniites Bond Fund                                             | 811-22338         |
| Western Asset High Yield Fund                                                                 | 811-06110         |
| Templeton Global Balanced Fund                                                                | 811-08226         |
| Franklin LifeSmart 2055 Retirement Target Fund                                                | 811-07851         |
| Putnam Pennsylvania Tax Exempt Income Fund                                                    | 811-05802         |
| Western Asset Short-Term Bond Fund                                                            | 811-04254         |
| Western Asset SMASh Series C Fund                                                             | 811-06740         |
| Franklin New Jersey Tax-Free Income Fund                                                      | 811-04149         |
| Franklin S&P 500 Index Fund                                                                   | 811-06444         |
| Putnam Ohio Tax Exempt Income Fund                                                            | 811-04528         |
| Franklin LifeSmart 2045 Retirement Target Fund                                                | 811-07851         |
| ClearBridge Mid Cap Fund                                                                      | 811-06444         |
| Putnam Large Cap Value Fund                                                                   | 811-02742         |
| Putnam VT International Equity Fund                                                           | 811-05346         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                                       | 811-04149         |
| Franklin Minnesota Tax-Free Income Fund                                                       | 811-04149         |
| Putnam International Equity Fund                                                              | 811-06190         |
| Franklin High Income Fund                                                                     | 811-01608         |
| Putnam Diversified Income Trust                                                               | 811-05635         |
| ClearBridge Mid Cap Growth Fund                                                               | 811-06444         |
| Franklin LifeSmart 2040 Retirement Target Fund                                                | 811-07851         |
| Franklin Multi-Asset Moderate Growth Fund                                                     | 811-06444         |
| ClearBridge Variable Dividend Strategy Portfolio                                              | 811-21128         |
| Franklin New York Intermediate-Term Tax-Free Income Fund                                      | 811-04787         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                                               | 811-23643         |
| Franklin Templeton SMACS:  Series I                                                           | 811-06243         |
| Putnam Sustainable Leaders ETF                                                                | 811-23643         |
| Putnam Sustainable Future ETF                                                                 | 811-23643         |
| Templeton Foreign Fund                                                                        | 811-02781         |
| ClearBridge Variable Small Cap Growth Portfolio                                               | 811-21128         |
| Franklin Multi-Asset Variable Moderate Growth Fund                                            | 811-21128         |
| Franklin Mutual Beacon Fund                                                                   | 811-05387         |
| Franklin Managed Income Fund                                                                  | 811-04986         |
| Putnam Sustainable Future Fund                                                                | 811-07237         |
| ClearBridge Sustainability Leaders Fund                                                       | 811-06444         |
| Franklin International Equity Fund (fka QS International Equity Fund)                         | 811-22338         |
| Franklin California Intermediate-Term Tax-Free Income Fund                                    | 811-04356         |
| Putnam Small Cap Growth Fund                                                                  | 811-07513         |
| Franklin California Tax-Free Income Fund                                                      | 811-02790         |
| Western Asset Short Duration Income ETF                                                       | 811-23096         |
| Putnam VT Government Money Market Fund                                                        | 811-05346         |
| Franklin Emerging Market Debt Opportunities Fund                                              | 811-10157         |
| Franklin LifeSmart 2025 Retirement Target Fund                                                | 811-07851         |
| Franklin Moderate Allocation Fund                                                             | 811-07851         |
| Templeton Global Total Return Fund                                                            | 811-04706         |
| Putnam Massachusetts Tax Exempt Income Fund                                                   | 811-04518         |
| Franklin Mutual Shares Fund                                                                   | 811-05387         |
| Putnam Ultra Short Duration Income Fund                                                       | 811-07513         |
| Putnam Focused Equity Fund                                                                    | 811-07513         |
| Putnam Global Health Care Fund                                                                | 811-03386         |
| Franklin LifeSmart Retirement Income Fund                                                     | 811-07851         |
| Franklin Multi-Asset Conservative Growth Fund                                                 | 811-06444         |
| Franklin Low Duration Total Return Fund                                                       | 811-04986         |
| Putnam International Value Fund                                                               | 811-07513         |
| ClearBridge Select Fund                                                                       | 811-06444         |
| Templeton World Fund                                                                          | 811-02781         |
| Putnam ESG Core Bond ETF                                                                      | 811-23643         |
| Putnam VT Sustainable Leaders Fund                                                            | 811-05346         |
| Putnam California Tax Exempt Income Fund                                                      | 811-03630         |
| Western Asset SMASh Series M Fund                                                             | 811-06740         |
| Western Asset Intermediate-Term Municipals Fund                                               | 811-04254         |
| Templeton Developing Markets VIP Fund                                                         | 811-05583         |
| Templeton International Bond Fund                                                             | 811-04706         |
| Templeton Foreign VIP Fund                                                                    | 811-05583         |
| Franklin Mutual Quest Fund                                                                    | 811-05387         |
| Franklin Mutual Small-Mid Cap Value Fund                                                      | 811-05878         |
| Putnam Money Market Fund                                                                      | 811-02608         |
| Putnam Dynamic Asset Allocation Balanced Fund                                                 | 811-07121         |
| Franklin Mutual Global Discovery Fund                                                         | 811-05387         |
| ClearBridge Small Cap Fund                                                                    | 811-22338         |
| Putnam New York Tax Exempt Income Fund                                                        | 811-03741         |
| Franklin Corefolio Allocation Fund                                                            | 811-07851         |
| Western Asset Intermediate Maturity California Municipals Fund                                | 811-04254         |
| Franklin Alabama Tax-Free Income Fund                                                         | 811-04149         |
| ClearBridge Large Cap Value Fund                                                              | 811-06444         |
| Franklin Growth Fund                                                                          | 811-00537         |
| Western Asset New York Municipals Fund                                                        | 811-04254         |
| Putnam VT Income Fund                                                                         | 811-05346         |
| Western Asset Short Duration High Income Fund                                                 | 811-04254         |
| BrandywineGLOBAL - Flexible Bond Fund                                                         | 811-22338         |
| Franklin New York Tax-Free Income Fund                                                        | 811-03479         |
| Franklin Allocation VIP Fund (f/k/a Franklin Founding Funds Allocation VIP Fund)              | 811-05583         |
| ClearBridge Appreciation Fund                                                                 | 811-06444         |
| Western Asset Corporate Bond Fund                                                             | 811-04254         |
| ClearBridge Growth Fund                                                                       | 811-06444         |
| Western Asset Ultra-Short Income Fund                                                         | 811-04254         |
| ClearBridge Tactical Dividend Income Fund                                                     | 811-06444         |
| Western Asset SMASh Series Core Plus Completion                                               | 811-06740         |
| Putnam VT George Putnam Balanced Fund                                                         | 811-05346         |
| Franklin VolSmart Allocation VIP Fund                                                         | 811-05583         |
| Franklin Floating Rate Daily Access Fund                                                      | 811-04986         |
| Western Asset Managed Municipals Fund                                                         | 811-04254         |
| Western Asset Short Duration Municipal Income Fund                                            | 811-04254         |
| Franklin Mutual Global Discovery VIP Fund                                                     | 811-05583         |
| Putnam VT Core Equity Fund (f/k/a Putnam VT Multi-Cap Core Fund)                              | 811-05346         |
| Franklin Gold and Precious Metals Fund                                                        | 811-01700         |
| Franklin Income Fund                                                                          | 811-00537         |
| Foreign Smaller Companies Series                                                              | 811-06135         |
| Franklin Long Duration Credit Fund                                                            | 811-04986         |
| ClearBridge Variable Large Cap Value Portfolio                                                | 811-21128         |
| Franklin Growth and Income VIP Fund                                                           | 811-05583         |
| Western Asset Variable Global High Yield Bond Portfolio                                       | 811-06310         |
| Franklin Global Real Estate VIP Fund                                                          | 811-05583         |
| Franklin Convertible Securities Fund                                                          | 811-04986         |
| Franklin Mutual Shares VIP Fund                                                               | 811-05583         |
| Putnam BDC Income ETF                                                                         | 811-23643         |
| Putnam BioRevolution ETF                                                                      | 811-23643         |
| Western Asset Total Return ETF                                                                | 811-23096         |
| Putnam Mortgage Securities Fund                                                               | 811-03897         |
| Putnam VT Sustainable Future Fund                                                             | 811-05346         |
| Western Asset California Municipals Fund                                                      | 811-04254         |
| Putnam VT Emerging Markets Equity Fund                                                        | 811-05346         |
| Putnam Research Fund                                                                          | 811-07237         |
| Putnam VT High Yield Fund                                                                     | 811-05346         |
| Franklin Strategic Income VIP Fund                                                            | 811-05583         |
| Franklin Total Return Fund                                                                    | 811-04986         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)                                    | 811-07513         |
| Franklin Pennsylvania Tax-Free Income Fund                                                    | 811-04149         |
| K2 Alternative Strategies Fund                                                                | 811-22641         |
| Putnam VT Diversified Income Fund                                                             | 811-05346         |
| Putnam Strategic Intermediate Municipal Fund                                                  | 811-04345         |
| Putnam High Yield Fund                                                                        | 811-04616         |
| Franklin Growth Allocation Fund                                                               | 811-07851         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                                             | 811-22338         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund)                        | 811-07513         |
| Franklin Templeton SMACS:  Series H                                                           | 811-06243         |
| Western Asset Core Plus Bond Fund                                                             | 811-06110         |
| Martin Currie SMASh Series EM Fund                                                            | 811-22338         |
| Western Asset Core Plus VIT Portfolio                                                         | 811-06310         |
| Putnam Government Money Market Fund                                                           | 811-07237         |
| Franklin Strategic Mortgage Portfolio                                                         | 811-07288         |
| Putnam ESG Ultra Short ETF                                                                    | 811-23643         |
| Franklin Small Cap Growth Fund                                                                | 811-06243         |
| Putnam Focused Large Cap Value ETF                                                            | 811-23643         |
| Franklin LifeSmart 2060 Retirement Target Fund                                                | 811-07851         |
| Templeton Global Bond Fund                                                                    | 811-04706         |
| Putnam VT Small Cap Growth Fund                                                               | 811-05346         |
| Franklin High Yield Corporate ETF                                                             | 811-23124         |
| George Putnam Balanced Fund                                                                   | 811-00058         |
| Putnam Dynamic Asset Allocation Equity Fund                                                   | 811-07513         |
| Franklin Global Allocation Fund                                                               | 811-07851         |
| Franklin Real Estate Securities Fund                                                          | 811-08034         |
| Franklin LifeSmart 2020 Retirement Target Fund                                                | 811-07851         |
| Franklin Biotechnology Discovery Fund                                                         | 811-06243         |
| Franklin North Carolina Tax-Free Income Fund                                                  | 811-04149         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                                        | 811-22338         |
| Franklin Templeton Moderately Aggressive Model Portfolio                                      | 811-21128         |
| Franklin DynaTech Fund                                                                        | 811-00537         |
| Franklin High Yield Tax-Free Income Fund                                                      | 811-04149         |
| Putnam Tax-Free High Yield Fund                                                               | 811-04345         |
| Putnam Short Duration Bond Fund                                                               | 811-07513         |
| Franklin Large Cap Growth VIP Fund                                                            | 811-05583         |
| Franklin International Growth Fund                                                            | 811-10157         |
| BrandywineGLOBAL - Alternative Credit Fund                                                    | 811-22338         |
| Putnam VT International Value Fund                                                            | 811-05346         |
| Franklin Rising Dividends VIP Fund                                                            | 811-05583         |
| Franklin Low Duration U.S. Government Securities Fund                                         | 811-04986         |
| Franklin Federal Limited-Term Tax-Free Income Fund                                            | 811-04149         |
| Putnam Small Cap Value Fund                                                                   | 811-07237         |
| Putnam Emerging Markets Equity Fund                                                           | 811-07513         |
| ClearBridge Variable Large Cap Growth Portfolio                                               | 811-21128         |
| Western Asset Core Bond Fund                                                                  | 811-06110         |
| Templeton Growth VIP Fund                                                                     | 811-05583         |
| Putnam Floating Rate Income Fund                                                              | 811-07513         |
| Templeton Growth Fund, Inc.                                                                   | 811-04892         |
| Franklin Natural Resources Fund                                                               | 811-06243         |
| Putnam Dynamic Asset Allocation Growth Fund                                                   | 811-07121         |
| Franklin California High Yield Municipal Fund                                                 | 811-06481         |
| Franklin U.S. Government Securities VIP Fund                                                  | 811-05583         |
| Franklin Louisiana Tax-Free Income Fund                                                       | 811-04149         |
| Putnam Income Fund                                                                            | 811-00653         |
| Templeton Global Smaller Companies Fund                                                       | 811-03143         |
| Putnam VT Research Fund                                                                       | 811-05346         |
| Franklin Mutual U.S. Mid Cap Value Fund                                                       | 811-05878         |
| Putnam New Jersey Tax Exempt Income Fund                                                      | 811-05977         |
| ClearBridge Variable Growth Portfolio                                                         | 811-21128         |
| Franklin LifeSmart 2050 Retirement Target Fund                                                | 811-07851         |
| Franklin Income VIP Fund                                                                      | 811-05583         |
| Putnam International Capital Opportunities Fund                                               | 811-07237         |
| Putnam PanAgora ESG International Equity ETF                                                  | 811-23643         |
| Western Asset SMASh Series Core Completion Fund                                               | 811-06740         |
| ClearBridge International Growth Fund                                                         | 811-22338         |
| BrandywineGLOBAL - High Yield Fund                                                            | 811-06444         |
| Western Asset Mortgage Total Return Fund                                                      | 811-04254         |
| Franklin Connecticut Tax-Free Income Fund                                                     | 811-04149         |
| Franklin Georgia Tax-Free Income Fund                                                         | 811-04149         |
| Franklin Oregon Tax-Free Income Fund                                                          | 811-04149         |
| Franklin Multi-Asset Defensive Growth Fund                                                    | 811-06444         |
| Franklin Global Equity Fund                                                                   | 811-06444         |
| Franklin Massachusetts Tax-Free Income Fund                                                   | 811-04149         |
| Franklin Small-Mid Cap Growth VIP Fund                                                        | 811-05583         |
| Putnam Tax Exempt Income Fund                                                                 | 811-02675         |
| Franklin Michigan Tax-Free Income Fund                                                        | 811-04149         |
| ClearBridge Variable Appreciation Portfolio                                                   | 811-21128         |
| ClearBridge Small Cap Growth Fund                                                             | 811-06444         |
| Franklin DynaTech VIP Fund                                                                    | 811-05583         |
| Franklin Colorado Tax-Free Income Fund                                                        | 811-04149         |
| Franklin Templeton Moderate Model Portfolio                                                   | 811-21128         |
| Putnam Global Technology Fund                                                                 | 811-07513         |
| Franklin Equity Income Fund                                                                   | 811-04986         |
| Putnam Sustainable Leaders Fund                                                               | 811-06128         |
| ClearBridge Large Cap Growth Fund                                                             | 811-06444         |
| Franklin Mutual International Value Fund                                                      | 811-05387         |
| Western Asset Long Credit VIT                                                                 | 811-06310         |
| Putnam Focused Large Cap Growth ETF                                                           | 811-23643         |
| Western Asset Intermediate Maturity New York Municipals Fund                                  | 811-04254         |
| Putnam VT Focused International Equity Fund                                                   | 811-05346         |
| Franklin Maryland Tax-Free Income Fund                                                        | 811-04149         |
| ClearBridge Value Fund                                                                        | 811-22338         |
| Putnam VT Global Asset Allocation Fund                                                        | 811-05346         |
| Western Asset SMASh Series TF Fund                                                            | 811-06740         |
| Franklin Ohio Tax-Free Income Fund                                                            | 811-04149         |
| Franklin Virginia Tax-Free Income Fund                                                        | 811-04149         |
| ClearBridge Dividend Strategy Fund                                                            | 811-06444         |
| Franklin Conservative Allocation Fund                                                         | 811-07851         |
| Western Asset Intermediate Bond Fund                                                          | 811-06110         |
| Western Asset Income Fund                                                                     | 811-04254         |
| Western Asset Inflation Indexed Plus Bond Fund                                                | 811-06110         |
| Franklin Multi-Asset Variable Conservative Growth Fund                                        | 811-21128         |
| Franklin Templeton Aggressive Model Portfolio                                                 | 811-21128         |
| Franklin U.S. Large Cap Equity Fund                                                           | 811-06444         |
| Franklin Floating Rate Master Series                                                          | 811-09869         |
| Putnam Mortgage Opportunities Fund                                                            | 811-07513         |
| Putnam VT Mortgage Securities Fund                                                            | 811-05346         |
| Putnam Large Cap Growth Fund (f/k/a Putnam Growth Opportunities Fund)                         | 811-07237         |
| Putnam VT Global Health Care Fund                                                             | 811-05346         |
| Franklin Senior Loan ETF                                                                      | 811-23124         |
| Western Asset Bond ETF                                                                        | 811-23124         |
| Western Asset Total Return Unconstrained Fund                                                 | 811-06110         |
| International Equity Series                                                                   | 811-06135         |
| Franklin Templeton Moderately Conservative Model Portfolio                                    | 811-21128         |
| Franklin Rising Dividends Fund                                                                | 811-04894         |
| Western Asset Oregon Municipals Fund                                                          | 811-04254         |
| Martin Currie Emerging Markets Fund                                                           | 811-22338         |
| Franklin Small-Mid Cap Growth Fund                                                            | 811-06243         |
| Franklin Templeton Conservative Model Portfolio                                               | 811-21128         |
| Templeton Developing Markets Trust                                                            | 811-06378         |
| Putnam Convertible Securities Fund                                                            | 811-02280         |
| ClearBridge Variable Mid Cap Portfolio                                                        | 811-21128         |
| Western Asset Pennsylvania Municipals Fund                                                    | 811-04254         |
| Franklin Utilities Fund                                                                       | 811-00537         |
| Western Asset Municipal High Income Fund                                                      | 811-04254         |
| Putnam VT Large Cap Growth Fund (f/k/a Putnam VT Growth Opportunities Fund)                   | 811-05346         |
| Templeton Sustainable Emerging Markets Bond Fund                                              | 811-04706         |
| Western Asset Massachusetts Municipals Fund                                                   | 811-04254         |
| Franklin U.S. Small Capitalization Equity Fund (fka QS U.S. Small Capitalization Equity Fund) | 811-22338         |
| Franklin Small Cap Value Fund                                                                 | 811-05878         |
| Putnam Intermediate-Term Municipal Income Fund                                                | 811-07513         |
| Franklin Federal Tax-Free Income Fund                                                         | 811-03395         |
| Franklin Arizona Tax-Free Income Fund                                                         | 811-04149         |
| Franklin Templeton SMACS:  Series CH                                                          | 811-06243         |
| Franklin Templeton SMACS:  Series EM                                                          | 811-08226         |
| Franklin Growth Opportunities Fund                                                            | 811-06243         |
| Western Asset New Jersey Municipals Fund                                                      | 811-04254         |
| Franklin Multi-Asset Growth Fund                                                              | 811-06444         |
| Franklin Templeton SMACS:  Series E                                                           | 811-06243         |
| Franklin Core Plus Bond Fund                                                                  | 811-06243         |
| Putnam Short-Term Municipal Income Fund                                                       | 811-07513         |
| Franklin Small Cap Value VIP Fund                                                             | 811-05583         |
| Putnam VT Small Cap Value Fund                                                                | 811-05346         |
| Franklin Missouri Tax-Free Income Fund                                                        | 811-04149         |
| Putnam Multi-Asset Income Fund                                                                | 811-07121         |
| ClearBridge International Value Fund                                                          | 811-06444         |
| ClearBridge Global Infrastructure Income Fund                                                 | 811-22338         |
| Templeton Emerging Markets Small Cap Fund                                                     | 811-08226         |
| Putnam Ultra Short MAC Series                                                                 | 811-07513         |
| Putnam Global Income Trust                                                                    | 811-04524         |
| Franklin LifeSmart 2030 Retirement Target Fund                                                | 811-07851         |
| Franklin Multi-Asset Variable Growth Fund                                                     | 811-21128         |
| Putnam Focused International Equity Fund                                                      | 811-01403         |
| BrandywineGLOBAL - Corporate Credit Fund                                                      | 811-06444         |
| Putnam Dynamic Asset Allocation Conservative Fund                                             | 811-07121         |
| Franklin LifeSmart 2035 Retirement Target Fund                                                | 811-07851         |
| Franklin U.S. Government Securities Fund                                                      | 811-00537         |
| Putnam ESG High Yield ETF                                                                     | 811-23643         |
| Putnam Emerging Markets Ex-China ETF                                                          | 811-23643         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** Putnam Minnesota Tax Exempt Income Fund

**Date:** 2025-05-31

**Signature:** Monica Krogh

**Title:** Assistant Treasurer