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Name

As of 11/20/2024

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

PTFYX | Fund

$11.80

$680 M

3.95%

$0.46

0.77%

Vitals

YTD Return

6.7%

1 yr return

12.7%

3 Yr Avg Return

-0.1%

5 Yr Avg Return

1.7%

Net Assets

$680 M

Holdings in Top 10

13.7%

52 WEEK LOW AND HIGH

$11.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.77%

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 11/20/2024

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

PTFYX | Fund

$11.80

$680 M

3.95%

$0.46

0.77%

PTFYX - Profile

Distributions

  • YTD Total Return 6.7%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.32%
DIVIDENDS
  • Dividend Yield 3.9%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Putnam Tax-Free High Yield Fund
  • Fund Family Name
    Putnam
  • Inception Date
    Jan 16, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Y
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Paul Drury

PTFYX - Performance

Return Ranking - Trailing

Period PTFYX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -2.2% 12.5% 23.04%
1 Yr 12.7% 0.9% 19.5% 15.20%
3 Yr -0.1%* -8.8% 3.0% 25.37%
5 Yr 1.7%* -5.0% 3.7% 25.89%
10 Yr 3.3%* -0.4% 155.6% 28.68%

* Annualized

Return Ranking - Calendar

Period PTFYX Return Category Return Low Category Return High Rank in Category (%)
2023 4.0% -6.2% 7.5% 14.71%
2022 -15.7% -26.9% -3.5% 28.86%
2021 0.5% -1.9% 5.6% 87.37%
2020 0.9% -4.0% 4.2% 35.53%
2019 4.6% -0.7% 9.1% 69.63%

Total Return Ranking - Trailing

Period PTFYX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -2.2% 12.5% 23.04%
1 Yr 12.7% 0.9% 19.5% 15.20%
3 Yr -0.1%* -8.8% 3.0% 25.37%
5 Yr 1.7%* -5.0% 3.7% 25.89%
10 Yr 3.3%* -0.4% 155.6% 28.68%

* Annualized

Total Return Ranking - Calendar

Period PTFYX Return Category Return Low Category Return High Rank in Category (%)
2023 8.6% -4.1% 10.9% 16.18%
2022 -12.6% -26.9% 4.3% 28.86%
2021 3.8% -1.9% 10.0% 80.81%
2020 3.6% -2.6% 8.2% 46.70%
2019 9.4% -0.7% 1028633.9% 29.84%

NAV & Total Return History

PTFYX - Holdings

Concentration Analysis

PTFYX Category Low Category High PTFYX % Rank
Net Assets 680 M 9.79 K 15.6 B 52.97%
Number of Holdings 409 1 3325 51.24%
Net Assets in Top 10 94.2 M -102 M 3.51 B 56.22%
Weighting of Top 10 13.70% 4.6% 98.8% 45.50%

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 PTFYX % Rank
Bonds 		100.59% 0.00% 146.69% 24.51%
Other 		2.16% -5.59% 5.07% 4.48%
Cash 		1.13% -0.64% 100.00% 33.33%
Stocks 		0.00% 0.00% 99.62% 58.33%
Preferred Stocks 		0.00% -47.61% 0.00% 40.80%
Convertible Bonds 		0.00% 0.00% 0.00% 34.83%

Bond Sector Breakdown

Weighting Return Low Return High PTFYX % Rank
Municipal 		98.95% 0.00% 100.00% 40.80%
Derivative 		2.16% -7.53% 2.16% 0.50%
Cash & Equivalents 		1.13% 0.00% 100.00% 20.90%
Government 		0.09% 0.00% 0.09% 0.50%
Securitized 		0.00% 0.00% 22.44% 38.31%
Corporate 		0.00% 0.00% 2.83% 69.15%

Bond Geographic Breakdown

Weighting Return Low Return High PTFYX % Rank
US 		100.59% 0.00% 139.84% 24.38%
Non US 		0.00% 0.00% 13.35% 40.30%

PTFYX - Expenses

Operational Fees

PTFYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.77% 0.22% 3.44% 63.55%
Management Fee 0.47% 0.00% 1.41% 38.73%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.35% N/A

Sales Fees

PTFYX 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

PTFYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 63.16%

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.

PTFYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 2.00% 121.00% 67.72%

PTFYX - Distributions

Dividend Yield Analysis

PTFYX Category Low Category High PTFYX % Rank
Dividend Yield 3.95% 0.00% 5.94% 53.43%

Dividend Distribution Analysis

PTFYX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

PTFYX Category Low Category High PTFYX % Rank
Net Income Ratio 3.32% 1.11% 5.44% 40.69%

Capital Gain Distribution Analysis

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

Distributions History

View More +

PTFYX - 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 7.55 2.52

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