PTYMX: Putnam Tax-Free High Yield M

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PTYMX Putnam Tax-Free High Yield M


Profile

PTYMX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 1.8%
  • 5 Yr Annualized Return 0.4%
  • Net Assets $899 M
  • Holdings in Top 10 11.3%

52 WEEK LOW AND HIGH

$12.95
$12.26
$13.10

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.11%

SALES FEES

  • Front Load 3.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 47.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

Closed to new investors as of Nov 25, 2019
  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.34%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Putnam Tax Free High Yield Fund
  • Fund Family Name
    Putnam
  • Inception Date
    Dec 29, 1994
  • Shares Outstanding
    N/A
  • Share Class
    M
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

The fund invests 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 (three years or longer). Under normal circumstances, the fund invests at least 80% of the fund's net assets in tax-exempt investments.


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Categories

Performance

PTYMX - Performance

Return Ranking - Trailing

Period PTYMX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -13.9% 0.6% 2.59%
1 Yr 5.3% -14.0% 5.3% 0.53%
3 Yr 1.8%* -2.9% 1.8% 0.60%
5 Yr 0.4%* -2.2% 1.8% 14.29%
10 Yr 1.2%* -1.4% 1.8% 7.22%

* Annualized

Return Ranking - Calendar

Period PTYMX Return Category Return Low Category Return High Rank in Category (%)
2019 5.4% -0.7% 9.1% 39.57%
2018 -2.8% -4.8% 9.2% 67.24%
2017 4.1% -9.7% 8.6% 47.10%
2016 -3.1% -6.1% -0.8% 56.76%
2015 0.0% -5.6% 2.9% 56.49%

Total Return Ranking - Trailing

Period PTYMX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -13.9% 0.6% 2.59%
1 Yr 5.3% -14.0% 5.3% 0.53%
3 Yr 1.8%* -2.9% 1.8% 0.60%
5 Yr 0.4%* -2.2% 2.4% 20.71%
10 Yr 1.2%* -1.4% 4.3% 11.34%

* Annualized

Total Return Ranking - Calendar

Period PTYMX Return Category Return Low Category Return High Rank in Category (%)
2019 5.4% -0.7% 9.1% 39.57%
2018 -2.8% -4.8% 9.2% 70.11%
2017 4.1% -9.7% 8.8% 51.61%
2016 -3.1% -6.1% 1.0% 56.76%
2015 0.0% -5.6% 5.3% 56.49%

NAV & Total Return History


Holdings

PTYMX - Holdings

Concentration Analysis

PTYMX Category Low Category High PTYMX % Rank
Net Assets 899 M 366 K 17.9 B 49.49%
Number of Holdings 469 6 3645 43.52%
Net Assets in Top 10 70.5 M -38.7 M 2.51 B 66.84%
Weighting of Top 10 11.32% 4.2% 98.8% 70.98%

Top 10 Holdings

  1. US 10 Year Ultra Future Dec19 1.74%
  2. NORTHERN TOB SECURITIZATION CORP ALASKA TOB SETTLEMENT REV 5% 1.46%
  3. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 6.5% 1.19%
  4. KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% 1.05%
  5. MISSISSIPPI BUSINESS FIN CORP MISS REV 2.5% 1.04%
  6. ALASKA INDL DEV & EXPT AUTH REV 4% 1.03%
  7. CALIFORNIA ST 2.19% 0.98%
  8. CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5% 0.96%
  9. JEFFERSON CNTY ALA SWR REV 0% 0.94%
  10. CHICAGO ILL 6% 0.93%

Asset Allocation

Weighting Return Low Return High PTYMX % Rank
Bonds
95.77% 79.21% 148.07% 74.74%
Cash
4.23% -1.98% 17.48% 20.21%
Other
0.01% -0.09% 1.67% 23.32%
Stocks
0.00% 0.00% 3.82% 40.72%
Preferred Stocks
0.00% -48.07% 0.00% 32.64%
Convertible Bonds
0.00% 0.00% 0.00% 33.16%

Bond Sector Breakdown

Weighting Return Low Return High PTYMX % Rank
Municipal
98.13% 82.40% 100.00% 41.97%
Cash & Equivalents
4.23% 0.00% 17.60% 21.24%
Derivative
0.00% 0.00% 0.26% 37.31%
Securitized
0.00% 0.00% 0.00% 33.16%
Corporate
0.00% 0.00% 5.11% 53.89%
Government
-2.36% -2.36% 1.20% 100.00%

Bond Geographic Breakdown

Weighting Return Low Return High PTYMX % Rank
US
95.26% 74.35% 141.91% 27.46%
Non US
0.51% 0.00% 14.58% 84.46%

Expenses

PTYMX - Expenses

Operational Fees

PTYMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.11% 0.21% 2.78% 31.25%
Management Fee 0.48% 0.00% 1.25% 34.01%
12b-1 Fee 0.50% 0.00% 1.00% 59.65%
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

PTYMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.25% 1.00% 4.75% 64.44%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PTYMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 92.31%

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.

PTYMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 47.00% 5.10% 125.00% 78.76%

Distributions

PTYMX - Distributions

Dividend Yield Analysis

PTYMX Category Low Category High PTYMX % Rank
Dividend Yield 0.52% 0.00% 0.80% 7.11%

Dividend Distribution Analysis

PTYMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PTYMX Category Low Category High PTYMX % Rank
Net Income Ratio 3.34% 1.99% 5.67% 74.48%

Capital Gain Distribution Analysis

PTYMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

PTYMX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.35 6.94 0.44