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Name

As of 12/19/2024

Price

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

Putnam Tax-Free High Yield Fund

PTFRX | Fund

$11.58

$680 M

4.19%

$0.49

0.69%

Vitals

YTD Return

5.1%

1 yr return

5.5%

3 Yr Avg Return

-0.8%

5 Yr Avg Return

1.2%

Net Assets

$680 M

Holdings in Top 10

13.7%

52 WEEK LOW AND HIGH

$11.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.69%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 25.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/19/2024

Price

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

Putnam Tax-Free High Yield Fund

PTFRX | Fund

$11.58

$680 M

4.19%

$0.49

0.69%

PTFRX - Profile

Distributions

  • YTD Total Return 5.1%
  • 3 Yr Annualized Total Return -0.8%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.34%
DIVIDENDS
  • Dividend Yield 4.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Putnam Tax-Free High Yield Fund
  • Fund Family Name
    Putnam Family of Funds
  • Inception Date
    May 21, 2018
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Paul Drury

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.

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PTFRX - Performance

Return Ranking - Trailing

Period PTFRX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.1% -3.1% 12.1% 17.91%
1 Yr 5.5% -2.2% 12.7% 14.93%
3 Yr -0.8%* -9.0% 3.6% 22.96%
5 Yr 1.2%* -5.1% 3.5% 25.13%
10 Yr N/A* -0.7% 155.3% 68.75%

* Annualized

Return Ranking - Calendar

Period PTFRX Return Category Return Low Category Return High Rank in Category (%)
2023 3.9% -6.2% 7.5% 16.34%
2022 -15.7% -26.9% -3.5% 27.64%
2021 0.5% -1.9% 5.6% 87.82%
2020 0.9% -4.0% 4.2% 36.22%
2019 4.6% -0.7% 9.1% 70.53%

Total Return Ranking - Trailing

Period PTFRX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.1% -3.1% 12.1% 17.91%
1 Yr 5.5% -2.2% 12.7% 14.93%
3 Yr -0.8%* -9.0% 3.6% 22.96%
5 Yr 1.2%* -5.1% 3.5% 25.13%
10 Yr N/A* -0.7% 155.3% 64.38%

* Annualized

Total Return Ranking - Calendar

Period PTFRX Return Category Return Low Category Return High Rank in Category (%)
2023 8.6% -4.1% 10.9% 18.81%
2022 -12.5% -26.9% 4.3% 28.14%
2021 3.7% -1.9% 10.0% 82.23%
2020 3.7% -2.6% 8.2% 44.90%
2019 9.1% -0.7% 1028633.9% 42.11%

NAV & Total Return History

PTFRX - Holdings

Concentration Analysis

PTFRX Category Low Category High PTFRX % Rank
Net Assets 680 M 3.1 M 15.6 B 55.50%
Number of Holdings 409 20 3325 53.27%
Net Assets in Top 10 94.2 M -102 M 1.96 B 58.29%
Weighting of Top 10 13.70% 4.6% 98.9% 42.21%

Top 10 Holdings

  1. FX.RT. MUNI BOND 2.16%
  2. GOVERNMENT FUTURES 2.16%
  3. MUNI ORIG ISSUE DISC 1.36%
  4. FX.RT. MUNI BOND 1.30%
  5. FX.RT. MUNI BOND 1.22%
  6. FX.RT. MUNI BOND 1.15%
  7. SHORT TERM INV FUND 1.13%
  8. FX.RT. MUNI BOND 1.10%
  9. FX.RT. MUNI BOND 1.06%
  10. FX.RT. MUNI BOND 1.06%

Asset Allocation

Weighting Return Low Return High PTFRX % Rank
Bonds 		100.59% 0.00% 146.69% 30.69%
Other 		2.16% -5.67% 5.07% 4.02%
Cash 		1.13% -0.64% 10.86% 34.67%
Stocks 		0.00% 0.00% 99.72% 65.84%
Preferred Stocks 		0.00% -47.61% 0.00% 54.77%
Convertible Bonds 		0.00% 0.00% 0.00% 51.26%

Bond Sector Breakdown

Weighting Return Low Return High PTFRX % Rank
Municipal 		98.95% 50.68% 100.00% 42.21%
Derivative 		2.16% -7.70% 2.16% 2.01%
Cash & Equivalents 		1.13% 0.00% 10.86% 20.10%
Government 		0.09% 0.00% 0.09% 2.01%
Securitized 		0.00% 0.00% 22.44% 53.77%
Corporate 		0.00% 0.00% 2.83% 76.38%

Bond Geographic Breakdown

Weighting Return Low Return High PTFRX % Rank
US 		100.59% 0.00% 139.84% 30.65%
Non US 		0.00% 0.00% 13.35% 55.78%

PTFRX - Expenses

Operational Fees

PTFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.22% 3.44% 74.75%
Management Fee 0.46% 0.00% 1.41% 38.12%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.35% N/A

Sales Fees

PTFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.50% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

PTFRX 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.

PTFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 2.00% 121.00% 68.98%

PTFRX - Distributions

Dividend Yield Analysis

PTFRX Category Low Category High PTFRX % Rank
Dividend Yield 4.19% 0.00% 5.94% 50.00%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PTFRX Category Low Category High PTFRX % Rank
Net Income Ratio 3.34% 1.11% 5.44% 38.61%

Capital Gain Distribution Analysis

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

Distributions History

View More +

PTFRX - Fund Manager Analysis

Managers

Paul Drury

Start Date

Tenure

Tenure Rank

Jun 01, 2002

20.01

20.0%

Paul M. Drury is a Portfolio Manager in the Tax Exempt Fixed Income group. In this role, he is responsible for managing several sectors within the municipal market. He is also a Portfolio Manager of Putnam’s taxexempt funds. Mr. Drury, a CFA charterholder, has been in the investment industry since he joined Putnam in 1989.

Garrett Hamilton

Start Date

Tenure

Tenure Rank

Dec 31, 2016

5.42

5.4%

Mr. Hamilton has been employed by Putnam since 2016 as a Portfolio Manager. Prior to joining Putnam, Mr. Hamilton was a Portfolio Manager at BNY Mellon from 2010 to 2016.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 21.43 7.58 2.52

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