# EDGAR Filing Document

**Accession Number:** 0000794615
**File Stem:** 0001752724-25-178283
**Filing Date:** 2025-7
**Character Count:** 50791
**Document Hash:** f186984b3e1e42561a06a693a2679e62
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-178283.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-178283

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20250531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM PENNSYLVANIA TAX EXEMPT INCOME FUND
- **CENTRAL INDEX KEY:** 0000794615

**ORGANIZATION NAME:**
- **EIN:** 043057637
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05802
- **FILM NUMBER:** 251150110

**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

## Series and Classes Contracts Data

### PUTNAM PENNSYLVANIA TAX EXEMPT INCOME FUND (Series ID: S000006567)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000017915 | Class A Shares  | PTEPX           |
| C000039842 | Class C Shares  |  |
| C000060576 | CLASS Y         |  |
| C000202936 | Class R6 Shares |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Putnam Pennsylvania Tax Exempt Income Fund

- **b. Investment Company Act file number:** 811-05802

- **c. CIK number of Registrant:** 0000794615

- **d. LEI of Registrant:** G8GS8WSHR7U5SCE40L40

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Federal Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 617-292-1000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Putnam Pennsylvania Tax Exempt Income Fund

- **b. EDGAR series identifier (if any):** S000006567

- **c. LEI of Series:** G8GS8WSHR7U5SCE40L40

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-05-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $97791933.27

**Total Liabilities:** $1169146.94

**Net Assets:** $96622786.33

**Delayed Delivery Securities:** $699539.00

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 410.88000000 | **1-Year:** 3151.15000000 | **5-Year:** 12853.49000000 | **10-Year:** 35565.15000000 | **30-Year:** 13638.69000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 29.87000000 | **1-Year:** 261.52000000 | **5-Year:** 1276.79000000 | **10-Year:** 4050.27000000 | **30-Year:** 1423.84000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000039842 | -1.78%               | -1.20%               | -0.49%               |
| Class ID C000060576 | -1.70%               | -1.00%               | -0.40%               |
| Class ID C000017915 | -1.72%               | -1.03%               | -0.43%               |
| Class ID C000202936 | -1.81%               | -1.00%               | -0.40%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-2188999.64                               |
| Month 2  | $-608249.11              | $-1303989.42                               |
| Month 3  | $1.68                    | $-698815.85                                |

**Designated Index Information**

- **Index Name:** BTMNTR Index

- **Index Identifier:** BM10506

### Schedule of Portfolio Investments

| Name                                                           | Title                                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Lackawanna County Industrial Development Authority             | Lackawanna County Industrial Development Authority, Series 2017             | CUSIP: 505493AY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1372041.60   | 1.42%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority           | Pennsylvania Higher Educational Facilities Authority, Series 2017           | CUSIP: 70917SV26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1206929.25   | 1.25%             | 2034-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Municipal Authority                          | Cumberland County Municipal Authority, Series 2019                          | CUSIP: 230614PN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $440099.15    | 0.46%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co.                                     | Philadelphia Gas Works Co., Series 15th                                     | CUSIP: 71783MAZ8<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500393.25   | 2.59%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                    | Ohio Higher Educational Facility Commission, Series 2023                    | CUSIP: 677510BW8<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    390000 | PA      | $391204.94    | 0.40%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development              | Philadelphia Authority for Industrial Development, Series 2017, Class III   | CUSIP: 717908AL1<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    300000 | PA      | $309418.44    | 0.32%             | 2047-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                             | Allegheny County Airport Authority, Series 2025 A                           | CUSIP: 01728LKY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044627.70   | 1.08%             | 2050-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Adams County General Authority                                 | Adams County General Authority, Series 2024 A                               | CUSIP: 006114AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $460433.90    | 0.48%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University (The)                            | Pennsylvania State University (The), Series 2020 A                          | CUSIP: 709235M85<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2241351.64   | 2.32%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                         | Lancaster County Hospital Authority, Series D                               | CUSIP: 514045ZG1<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    620000 | PA      | $620000.00    | 0.64%             | 2034-07-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| West Cornwall Township Municipal Authority                     | West Cornwall Township Municipal Authority, Series 2021 A                   | CUSIP: 95235TAR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $340033.45    | 0.35%             | 2036-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Redevelopment Authority of the City of Philadelphia            | Redevelopment Authority of the City of Philadelphia, Series 2023 B          | CUSIP: 717868HY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1284955.63   | 1.33%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development              | Philadelphia Authority for Industrial Development, Series 2020 A            | CUSIP: 71780CAK6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $998050.31    | 1.03%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Convention Center Authority                   | Lancaster County Convention Center Authority, Series 2022 B                 | CUSIP: 514042BC3<br>LEI: 549300F347A3TMO7B762 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $877324.90    | 0.91%             | 2049-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                         | Lancaster County Hospital Authority, Series 2015 A                          | CUSIP: 514045J20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $927083.00    | 0.96%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Highlands School District                                      | Highlands School District, Series 2023                                      | CUSIP: 431095MY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $478009.15    | 0.49%             | 2040-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Cornwall Township Municipal Authority                     | West Cornwall Township Municipal Authority, Series 2021 A                   | CUSIP: 95235TAS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $440421.41    | 0.46%             | 2041-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority          | Pennsylvania Economic Development Financing Authority, Series 2020          | CUSIP: 70870FAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $656103.96    | 0.68%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                        | City of Philadelphia, Series 2021                                           | CUSIP: 717817XX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $368568.88    | 0.38%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sports & Exhibition Authority of Pittsburgh & Allegheny County | Sports & Exhibition Authority of Pittsburgh & Allegheny County, Series 2017 | CUSIP: 724792BM7<br>LEI: 254900JJT7A9Y409G258 | Long             | DBT              | MUN               | US        |    625000 | PA      | $638262.56    | 0.66%             | 2035-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland Valley School District                              | Cumberland Valley School District, Series 2023 A                            | CUSIP: 230822TW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1540838.70   | 1.59%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority          | Pennsylvania Economic Development Financing Authority, Series 2001          | CUSIP: 708692AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1266647.84   | 1.31%             | 2031-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority             | Montgomery County Industrial Development Authority, Series 2021 A           | CUSIP: 613609L46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $645860.16    | 0.67%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority          | Pennsylvania Economic Development Financing Authority, Series 2022 A        | CUSIP: 70870JEA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1815784.25   | 1.88%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                         | Lancaster County Hospital Authority, Series 2020                            | CUSIP: 514045V67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $418597.45    | 0.43%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh School District                                     | Pittsburgh School District, Series 2021                                     | CUSIP: 725277RF6<br>LEI: 549300DCE2NGMJO6P377 | Long             | DBT              | MUN               | US        |    995000 | PA      | $831147.58    | 0.86%             | 2038-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Municipal Authority                          | Cumberland County Municipal Authority, Series 2016                          | CUSIP: 230614LD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700184.66    | 0.72%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development              | Philadelphia Authority for Industrial Development, Series 2017              | CUSIP: 71781XDA8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974129.00    | 1.01%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Commercial and Industrial Development Authority      | Allentown Commercial and Industrial Development Authority, Series 2024      | CUSIP: 01843AAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $517133.93    | 0.54%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development              | Philadelphia Authority for Industrial Development, Series 2022              | CUSIP: 71780TBM4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023558.40   | 1.06%             | 2060-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                               | Commonwealth Financing Authority, Series 2018                               | CUSIP: 20282EAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027971.20   | 1.06%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Erie City Water Authority                                      | Erie City Water Authority, Series 2018 A                                    | CUSIP: 295542NU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017078.00   | 1.05%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                             | Allegheny County Airport Authority, Series 2023 B                           | CUSIP: 01728LJA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030170.40   | 1.07%             | 2053-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bethlehem Redevelopment Authority                              | Bethlehem Redevelopment Authority, Series 2024                              | CUSIP: 087470BX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1511575.95   | 1.56%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                         | Lancaster County Hospital Authority, Series 2021                            | CUSIP: 514045W66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1458611.70   | 1.51%             | 2051-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                         | Lancaster County Hospital Authority, Series 2019 A                          | CUSIP: 51404PAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $842661.50    | 0.87%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                               | Pennsylvania Turnpike Commission, Series 2025 A                             | CUSIP: 709225NY8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035126.30   | 1.07%             | 2055-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                    | Ohio Higher Educational Facility Commission, Series 2023                    | CUSIP: 677510BX6<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    405000 | PA      | $403491.05    | 0.42%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Cornwall Township Municipal Authority                     | West Cornwall Township Municipal Authority, Series 2021 A                   | CUSIP: 95235TAT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $427842.35    | 0.44%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Interboro School District                                      | Interboro School District, Series 2024                                      | CUSIP: 458436YP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2341522.35   | 2.42%             | 2063-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                         | Lancaster County Hospital Authority, Series 2025 A                          | CUSIP: 514045Z30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $508417.14    | 0.53%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia (The)                          | School District of Philadelphia (The), Series 2016 F                        | CUSIP: 717883TM4<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017082.70   | 1.05%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                  | Lancaster Municipal Authority, Series 2024 A                                | CUSIP: 514350AL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994531.10    | 1.03%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                   | Commonwealth of Pennsylvania, Series 2023-1                                 | CUSIP: 70914P2S0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1170297.86   | 1.21%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Industrial Development Authority                     | Lancaster Industrial Development Authority, Series 2021                     | CUSIP: 51434NAS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $388281.65    | 0.40%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                               | Pennsylvania Turnpike Commission, Series 2017 B-1                           | CUSIP: 709224WQ8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    675000 | PA      | $681213.11    | 0.71%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Finance Authority                                 | Pennsylvania Finance Authority, Series 2004 B                               | CUSIP: 70915CEF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $915881.90    | 0.95%             | 2027-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Governor Mifflin School District                               | Governor Mifflin School District, Series 2020 A                             | CUSIP: 383770JN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970191.10    | 1.00%             | 2039-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                | Chester County Industrial Development Authority, Series 2017 A              | CUSIP: 165588DK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $218240.46    | 0.23%             | 2037-10-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| County of Delaware PA                                          | County of Delaware, Series 2024                                             | CUSIP: 246001A68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022572.20   | 1.06%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development              | Philadelphia Authority for Industrial Development, Series 2019              | CUSIP: 71781XGA5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1177168.03   | 1.22%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Industrial Development Authority                     | Lancaster Industrial Development Authority, Series 2021                     | CUSIP: 51434NAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $775908.68    | 0.80%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                        | City of Philadelphia, Series 2021                                           | CUSIP: 717817XW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $280686.84    | 0.29%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| School District of the City of Erie (The)                      | School District of the City of Erie (The), Series 2019 A                    | CUSIP: 295425TE2<br>LEI: 549300VQZWUO5J8WLO42 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1158777.15   | 1.20%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Municipal Authority                                | Dallas Area Municipal Authority, Series 2014                                | CUSIP: 235171AL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1230039.24   | 1.27%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority                                            | Geisinger Authority, Series 2017 A-2                                        | CUSIP: 368497JM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2154908.63   | 2.23%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                             | Allegheny County Airport Authority, Series 2021 A                           | CUSIP: 01728LFH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $650775.38    | 0.67%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority           | Pennsylvania Higher Educational Facilities Authority, Series 2016 A         | CUSIP: 709181CA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $687758.92    | 0.71%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA          | Montgomery County Industrial Development Authority, Series 2021 A           | CUSIP: 613609L38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $526843.69    | 0.55%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Industrial Development Authority                     | Lancaster Industrial Development Authority, Series 2019                     | CUSIP: 514349CZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1229425.28   | 1.27%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia (The)                          | School District of Philadelphia (The), Series 2018 A                        | CUSIP: 717883VA7<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1638845.30   | 1.70%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Erie Higher Education Building Authority               | City of Erie Higher Education Building Authority, Series 2016               | CUSIP: 295435BM2<br>LEI: 549300JDMWBZICIGLV66 | Long             | DBT              | MUN               | US        |    750000 | PA      | $753699.68    | 0.78%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                       | U.S. Treasury Bills                                                         | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    100000 | PA      | $98579.89     | 0.10%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                | Chester County Industrial Development Authority, Series 2013 A              | CUSIP: 16559PAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $898517.30    | 0.93%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                        | City of Philadelphia, Series 2019 B                                         | CUSIP: 717813XM6<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1300099.88   | 1.35%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Shore Area Authority                                      | West Shore Area Authority, Series 2015 A                                    | CUSIP: 95581QAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $495490.10    | 0.51%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corp.             | Matching Fund Special Purpose Securitization Corp., Series 2022 A           | CUSIP: 57665NAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |    320000 | PA      | $326847.81    | 0.34%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cheltenham Township Industrial Development Authority           | Cheltenham Township Industrial Development Authority, Series 2024           | CUSIP: 163492AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $326619.86    | 0.34%             | 2054-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                         | Lancaster County Hospital Authority, Series 2023                            | CUSIP: 514045X81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047667.60   | 1.08%             | 2038-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority          | Pennsylvania Economic Development Financing Authority, Series 2022 A        | CUSIP: 70870JEB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1546309.65   | 1.60%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA          | Montgomery County Industrial Development Authority, Series 2021 A           | CUSIP: 613609K96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $901029.47    | 0.93%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lehigh County General Purpose Authority                        | Lehigh County General Purpose Authority, Series 2024                        | CUSIP: 52480RGN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1599509.60   | 1.66%             | 2054-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bellefonte Area School District                                | Bellefonte Area School District, Series 2024 A                              | CUSIP: 078764LT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021130.10   | 1.06%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority          | Pennsylvania Economic Development Financing Authority, Series 2022          | CUSIP: 70868YAZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $412774.36    | 0.43%             | 2062-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Sports & Exhibition Authority of Pittsburgh & Allegheny County | Sports & Exhibition Authority of Pittsburgh & Allegheny County, Series 2017 | CUSIP: 724792BP0<br>LEI: 254900JJT7A9Y409G258 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015465.40   | 1.05%             | 2037-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Highlands School District                                      | Highlands School District, Series 2023                                      | CUSIP: 431095MZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $658349.79    | 0.68%             | 2043-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development              | Philadelphia Authority for Industrial Development, Series 2020              | CUSIP: 71780CAZ3<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $958971.40    | 0.99%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Putnam Funds Trust                                             | Putnam Short Term Investment Fund, Class P                                  | CUSIP: 74676P664<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        |   1892381 | NS      | $1892381.00   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA          | Montgomery County Industrial Development Authority, Series 2021 A           | CUSIP: 613609L20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $369241.74    | 0.38%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Pittsburgh PA                                          | City of Pittsburgh, Series 2024                                             | CUSIP: 725209SQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $412248.44    | 0.43%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority             | Southeastern Pennsylvania Transportation Authority, Series 2022             | CUSIP: 842039FR5<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1787086.70   | 1.85%             | 2052-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                    | Commonwealth of Puerto Rico, Series 2022 A-1                                | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    350000 | PA      | $323503.08    | 0.33%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                    | Commonwealth of Puerto Rico, Series 2022 A-1                                | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    500000 | PA      | $428707.70    | 0.44%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia (The)                          | School District of Philadelphia (The), Series 2015 A                        | CUSIP: 717883QM7<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003674.10   | 1.04%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                               | Pennsylvania Turnpike Commission, Series 2014 A                             | CUSIP: 709224DX4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010546.40   | 1.05%             | 2037-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                | Allegheny County Hospital Development Authority, Series 2018 A              | CUSIP: 01728A3Z7<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1733591.80   | 1.79%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority             | South Carolina Jobs-Economic Development Authority, Series 2020 A           | CUSIP: 83703EMQ5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    730000 | PA      | $649563.49    | 0.67%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsbury School District                                      | Pennsbury School District, Series 2024                                      | CUSIP: 708553B84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029478.00   | 1.07%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                              | Territory of Guam, Series 2021 A                                            | CUSIP: 40065KAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    425000 | PA      | $425222.53    | 0.44%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grays Harbor County Public Hospital District No. 1             | Grays Harbor County Public Hospital District No. 1, Series 2023             | CUSIP: 389526AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $655463.58    | 0.68%             | 2044-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Wilkes-Barre Finance Authority                                 | Wilkes-Barre Finance Authority, Series 2021                                 | CUSIP: 968254CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1122833.88   | 1.16%             | 2042-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development              | Philadelphia Authority for Industrial Development, Series 2020 A            | CUSIP: 71780CAJ9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    615000 | PA      | $607481.93    | 0.63%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                              | Territory of Guam, Series 2021 F                                            | CUSIP: 40065NCR6<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1300000 | PA      | $1149679.44   | 1.19%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority          | Pennsylvania Economic Development Financing Authority, Series 2015          | CUSIP: 70869PHV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251052.83    | 0.26%             | 2034-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue             | City of Philadelphia, Series 2020 A                                         | CUSIP: 717893Q46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020962.00   | 1.06%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                  | Bucks County Industrial Development Authority, Series 2022 B                | CUSIP: 118618AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $222397.90    | 0.23%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                        | City of Philadelphia, Series 2017 A                                         | CUSIP: 717813VW6<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    500000 | PA      | $510469.25    | 0.53%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                              | Territory of Guam, Series 2019                                              | CUSIP: 40065BCQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    515000 | PA      | $523192.26    | 0.54%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                               | Commonwealth Financing Authority, Series 2018                               | CUSIP: 20282EAP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031495.00   | 1.07%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority           | Pennsylvania Higher Educational Facilities Authority, Series 2024 B-2       | CUSIP: 70917TSA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030115.10   | 1.07%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                | Chester County Industrial Development Authority, Series 2022                | CUSIP: 165588FN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750241.88    | 0.78%             | 2052-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Beaumont Housing Authority                                     | Beaumont Housing Authority, Series 2025 A                                   | CUSIP: 07451AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $193501.02    | 0.20%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                         | Lancaster County Hospital Authority, Series 2019 A                          | CUSIP: 51404PAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1086676.75   | 1.12%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue     | Pennsylvania Turnpike Commission, Series 2009 C                             | CUSIP: 709221SB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1627506.90   | 1.68%             | 2038-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority             | Montgomery County Industrial Development Authority, Series 2020 C           | CUSIP: 61360PCL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $480934.30    | 0.50%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wilkes-Barre Area School District/PA                           | Wilkes-Barre Area School District, Series 2019                              | CUSIP: 968261NS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001733.20   | 2.07%             | 2059-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** Putnam Pennsylvania Tax Exempt Income Fund

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer