Putnam Tax-Free High Yield Fund
Name
As of 10/28/2025Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
3.5%
1 yr return
3.1%
3 Yr Avg Return
7.5%
5 Yr Avg Return
2.0%
Net Assets
$638 M
Holdings in Top 10
12.7%
52 WEEK LOW AND HIGH
$11.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.96%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/28/2025Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PTHAX - Profile
Distributions
- YTD Total Return 3.5%
- 3 Yr Annualized Total Return 7.5%
- 5 Yr Annualized Total Return 2.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 4.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NamePutnam Tax-Free High Yield Fund
-
Fund Family NameFranklin Templeton Group of Funds
-
Inception DateJan 03, 1994
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
Fund Description
Investments
We invest mainly in bonds that pay interest that is exempt from federal income tax (but that may be subject to federal alternative minimum tax (“AMT”)), are a combination of below-investment-grade and investment-grade securities, and have intermediate- to long-term maturities (i.e., three years or longer). Under normal circumstances, we invest at least 80% of the fund’s net assets in tax-exempt investments. This investment policy cannot be changed without the approval of the fund’s shareholders. Such tax-exempt investments in which the fund invests are issued by or for states, territories or possessions of the United States or by their political subdivisions, agencies, authorities or other government entities, and the income from these investments is exempt from federal income tax. We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments.
PTHAX - Performance
Return Ranking - Trailing
| Period | PTHAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.5% | N/A | N/A | N/A |
| 1 Yr | 3.1% | N/A | N/A | N/A |
| 3 Yr | 7.5%* | N/A | N/A | N/A |
| 5 Yr | 2.0%* | N/A | N/A | N/A |
| 10 Yr | 3.0%* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
| Period | PTHAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 1.6% | N/A | N/A | N/A |
| 2024 | 4.0% | N/A | N/A | N/A |
| 2023 | -15.7% | N/A | N/A | N/A |
| 2022 | 0.5% | N/A | N/A | N/A |
| 2021 | 0.9% | N/A | N/A | N/A |
Total Return Ranking - Trailing
| Period | PTHAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.5% | N/A | N/A | N/A |
| 1 Yr | 3.1% | N/A | N/A | N/A |
| 3 Yr | 7.5%* | N/A | N/A | N/A |
| 5 Yr | 2.0%* | N/A | N/A | N/A |
| 10 Yr | 3.0%* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | PTHAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 5.8% | N/A | N/A | N/A |
| 2024 | 8.4% | N/A | N/A | N/A |
| 2023 | -12.8% | N/A | N/A | N/A |
| 2022 | 3.6% | N/A | N/A | N/A |
| 2021 | 4.3% | N/A | N/A | N/A |
NAV & Total Return History
PTHAX - Holdings
Concentration Analysis
| PTHAX | Category Low | Category High | PTHAX % Rank | |
|---|---|---|---|---|
| Net Assets | 638 M | N/A | N/A | N/A |
| Number of Holdings | 475 | N/A | N/A | N/A |
| Net Assets in Top 10 | 79.3 M | N/A | N/A | N/A |
| Weighting of Top 10 | 12.69% | N/A | N/A | N/A |
Top 10 Holdings
- New York City Transitional Finance Authority 2.11%
- Port of Portland, Series 27 A 2.09%
- Buckeye Tobacco Settlement Financing Authority, Series 2020 B-2, Class 2 1.26%
- Alaska Industrial Development Export Authority, Series 2019 A 1.21%
- New York State Thruway Authority 1.17%
- City of Chicago, Series 2021 B 1.09%
- Orange County Health Facilities Authority, Series 2022 1.02%
- Clifton Higher Education Finance Corp., Series 2018 D 0.96%
- New York Transportation Development Corp., Series 2025 0.91%
- St. Louis County Industrial Development Authority, Series 2018 A 0.88%
Asset Allocation
| Weighting | Return Low | Return High | PTHAX % Rank | |
|---|---|---|---|---|
| Bonds | 104.09% | N/A | N/A | N/A |
| Cash | 0.25% | N/A | N/A | N/A |
| Stocks | 0.00% | N/A | N/A | N/A |
| Preferred Stocks | 0.00% | N/A | N/A | N/A |
| Convertible Bonds | 0.00% | N/A | N/A | N/A |
| Other | -0.04% | N/A | N/A | N/A |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PTHAX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 0.25% | N/A | N/A | N/A |
| Securitized | 0.00% | N/A | N/A | N/A |
| Corporate | 0.00% | N/A | N/A | N/A |
| Municipal | 0.00% | N/A | N/A | N/A |
| Government | 0.00% | N/A | N/A | N/A |
| Derivative | -0.04% | N/A | N/A | N/A |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PTHAX % Rank | |
|---|---|---|---|---|
| US | 104.09% | N/A | N/A | N/A |
| Non US | 0.00% | N/A | N/A | N/A |
PTHAX - Expenses
Operational Fees
| PTHAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.96% | N/A | N/A | N/A |
| Management Fee | 0.46% | N/A | N/A | N/A |
| 12b-1 Fee | N/A | N/A | N/A | N/A |
| Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
| PTHAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | N/A | N/A | N/A |
| Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
| PTHAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PTHAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | N/A | N/A | N/A |
PTHAX - Distributions
Dividend Yield Analysis
| PTHAX | Category Low | Category High | PTHAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.00% | N/A | N/A | N/A |
Dividend Distribution Analysis
| PTHAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None |
Net Income Ratio Analysis
| PTHAX | Category Low | Category High | PTHAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
| PTHAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2025 | $0.039 | OrdinaryDividend |
| Aug 29, 2025 | $0.044 | OrdinaryDividend |
| Jul 31, 2025 | $0.042 | OrdinaryDividend |
| Jun 30, 2025 | $0.043 | OrdinaryDividend |
| May 30, 2025 | $0.041 | OrdinaryDividend |
| Apr 30, 2025 | $0.037 | OrdinaryDividend |
| Mar 31, 2025 | $0.035 | OrdinaryDividend |
| Feb 28, 2025 | $0.039 | OrdinaryDividend |
| Jan 31, 2025 | $0.040 | OrdinaryDividend |
| Dec 31, 2024 | $0.036 | OrdinaryDividend |
| Nov 29, 2024 | $0.038 | OrdinaryDividend |
| Oct 31, 2024 | $0.036 | OrdinaryDividend |
| Sep 30, 2024 | $0.034 | OrdinaryDividend |
| Aug 30, 2024 | $0.039 | OrdinaryDividend |
| Jul 31, 2024 | $0.036 | OrdinaryDividend |
| Apr 30, 2024 | $0.035 | OrdinaryDividend |
| Mar 28, 2024 | $0.035 | OrdinaryDividend |
| Feb 29, 2024 | $0.035 | OrdinaryDividend |
| Jan 31, 2024 | $0.036 | OrdinaryDividend |
| Dec 29, 2023 | $0.036 | OrdinaryDividend |
| Nov 30, 2023 | $0.036 | OrdinaryDividend |
| Oct 31, 2023 | $0.035 | OrdinaryDividend |
| Sep 29, 2023 | $0.036 | OrdinaryDividend |
| Aug 31, 2023 | $0.035 | OrdinaryDividend |
| Jul 31, 2023 | $0.033 | OrdinaryDividend |
| Jun 30, 2023 | $0.037 | OrdinaryDividend |
| May 31, 2023 | $0.034 | OrdinaryDividend |
| Apr 28, 2023 | $0.032 | OrdinaryDividend |
| Mar 31, 2023 | $0.036 | OrdinaryDividend |
| Feb 28, 2023 | $0.035 | OrdinaryDividend |
| Jan 31, 2023 | $0.034 | OrdinaryDividend |
| Dec 30, 2022 | $0.036 | OrdinaryDividend |
| Dec 28, 2022 | $0.009 | OrdinaryDividend |
| Nov 30, 2022 | $0.034 | OrdinaryDividend |
| Oct 31, 2022 | $0.032 | OrdinaryDividend |
| Sep 30, 2022 | $0.033 | OrdinaryDividend |
| Aug 31, 2022 | $0.031 | OrdinaryDividend |
| Jul 29, 2022 | $0.035 | OrdinaryDividend |
| Jun 30, 2022 | $0.033 | OrdinaryDividend |
| May 31, 2022 | $0.033 | OrdinaryDividend |
| Apr 29, 2022 | $0.033 | OrdinaryDividend |
| Mar 31, 2022 | $0.031 | OrdinaryDividend |
| Feb 28, 2022 | $0.023 | OrdinaryDividend |
| Jan 31, 2022 | $0.029 | OrdinaryDividend |
| Dec 31, 2021 | $0.002 | OrdinaryDividend |
| Nov 30, 2021 | $0.030 | OrdinaryDividend |
| Oct 29, 2021 | $0.031 | OrdinaryDividend |
| Sep 30, 2021 | $0.030 | OrdinaryDividend |
| Aug 31, 2021 | $0.030 | OrdinaryDividend |
| Jul 30, 2021 | $0.032 | OrdinaryDividend |
| Jun 30, 2021 | $0.032 | OrdinaryDividend |
| May 28, 2021 | $0.031 | OrdinaryDividend |
| Apr 30, 2021 | $0.035 | OrdinaryDividend |
| Mar 31, 2021 | $0.034 | OrdinaryDividend |
| Feb 26, 2021 | $0.032 | OrdinaryDividend |
| Jan 29, 2021 | $0.034 | OrdinaryDividend |
| Dec 31, 2020 | $0.041 | OrdinaryDividend |
| Dec 29, 2020 | $0.007 | OrdinaryDividend |
| Nov 30, 2020 | $0.033 | OrdinaryDividend |
| Oct 30, 2020 | $0.036 | OrdinaryDividend |
| Sep 30, 2020 | $0.033 | OrdinaryDividend |
| Aug 31, 2020 | $0.032 | OrdinaryDividend |
| Jul 31, 2020 | $0.036 | OrdinaryDividend |
| Jun 30, 2020 | $0.033 | OrdinaryDividend |
| May 29, 2020 | $0.033 | OrdinaryDividend |
| Apr 30, 2020 | $0.037 | OrdinaryDividend |
| Mar 31, 2020 | $0.035 | OrdinaryDividend |
| Feb 28, 2020 | $0.033 | OrdinaryDividend |
| Jan 31, 2020 | $0.036 | OrdinaryDividend |
| Dec 27, 2019 | $0.010 | Extra |
| Dec 27, 2019 | $0.058 | CapitalGainShortTerm |
| Dec 27, 2019 | $0.080 | CapitalGainLongTerm |
| Nov 29, 2019 | $0.036 | OrdinaryDividend |
| Oct 31, 2019 | $0.036 | OrdinaryDividend |
| Sep 30, 2019 | $0.034 | OrdinaryDividend |
| Aug 30, 2019 | $0.038 | OrdinaryDividend |
| Jul 31, 2019 | $0.036 | OrdinaryDividend |
| Dec 27, 2018 | $0.024 | ExtraDividend |
| Dec 27, 2017 | $0.028 | ExtraDividend |
| Dec 27, 2016 | $0.034 | ExtraDividend |
| Dec 29, 2015 | $0.018 | ExtraDividend |
| Dec 30, 2014 | $0.024 | ExtraDividend |
| Dec 09, 2006 | $0.005 | ExtraDividend |
| Dec 10, 2005 | $0.003 | ExtraDividend |
| Dec 11, 2004 | $0.001 | ExtraDividend |
| Dec 13, 2003 | $0.003 | ExtraDividend |
| Dec 11, 2002 | $0.000 | ExtraDividend |
| Dec 12, 2001 | $0.002 | ExtraDividend |
| Dec 11, 2000 | $0.001 | ExtraDividend |
| Dec 14, 1998 | $0.001 | ExtraDividend |