Putnam Tax-Free High Yield Y
- PTFYX
- Price as of: Nov 24, 2020
-
$12.81
N/A N/A
- Primary Theme
- High Yield Municipal Bond
- Fund Company
- Putnam
- Share Class
PTFYX - Snapshot
Vitals
- YTD Return -0.7%
- 3 Yr Annualized Return 4.2%
- 5 Yr Annualized Return 4.4%
- Net Assets $820 M
- Holdings in Top 10 12.1%
52 WEEK LOW AND HIGH
$12.81
$11.15
$13.35
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.63%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 43.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $0
- IRA N/A
Fund Classification
-
Primary Theme
High Yield Municipal Bond
- Fund Type Open End Mutual Fund
- Investment Style High Yield Muni
PTFYX - Profile
Distributions
- YTD Total Return -0.7%
- 3 Yr Annualized Total Return 4.2%
- 5 Yr Annualized Total Return 4.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.59%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePutnam Tax Free High Yield Fund
-
Fund Family NamePutnam
-
Inception DateJan 02, 2008
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPaul Drury
PTFYX - Performance
Return Ranking - Trailing
| Period | PTFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.7% | -10.8% | 3.9% | 35.07% |
| 1 Yr | 1.3% | -8.3% | 5.2% | 30.84% |
| 3 Yr | 4.2%* | 1.4% | 8.2% | 35.27% |
| 5 Yr | 4.4%* | 2.1% | 7.6% | 38.38% |
| 10 Yr | 5.2%* | 3.1% | 7.7% | 44.59% |
* Annualized
Return Ranking - Calendar
| Period | PTFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 4.6% | -0.7% | 11.7% | 67.48% |
| 2018 | -2.8% | -5.7% | 95.6% | 64.06% |
| 2017 | 4.2% | -0.7% | 8.6% | 44.12% |
| 2016 | -3.1% | -6.7% | -0.8% | 53.09% |
| 2015 | 0.0% | -4.0% | 2.9% | 54.55% |
Total Return Ranking - Trailing
| Period | PTFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.7% | -10.8% | 3.9% | 35.07% |
| 1 Yr | 1.3% | -8.3% | 5.2% | 22.43% |
| 3 Yr | 4.2%* | 1.3% | 8.2% | 31.40% |
| 5 Yr | 4.4%* | 1.9% | 7.6% | 32.83% |
| 10 Yr | 5.2%* | 3.1% | 7.7% | 39.19% |
* Annualized
Total Return Ranking - Calendar
| Period | PTFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 4.6% | -0.7% | 12.0% | 67.48% |
| 2018 | -2.8% | -5.7% | 4.2% | 68.75% |
| 2017 | 4.2% | -0.7% | 9.8% | 48.24% |
| 2016 | -3.1% | -6.1% | 1.1% | 55.56% |
| 2015 | 0.0% | -4.0% | 5.3% | 58.04% |
NAV & Total Return History
PTFYX - Holdings
Concentration Analysis
| PTFYX | Category Low | Category High | PTFYX % Rank | |
|---|---|---|---|---|
| Net Assets | 820 M | 478 K | 18.6 B | 52.07% |
| Number of Holdings | 432 | 5 | 3470 | 50.92% |
| Net Assets in Top 10 | 81.8 M | -38.2 M | 2.4 B | 60.09% |
| Weighting of Top 10 | 12.05% | 4.8% | 99.9% | 63.76% |
Top 10 Holdings
- BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 2.05%
- NORTHERN TOB SECURITIZATION CORP ALASKA TOB SETTLEMENT REV 5% 1.60%
- CALIFORNIA ST 0.05% 1.25%
- ALASKA INDL DEV & EXPT AUTH REV 4% 1.15%
- JEFFERSON CNTY ALA SWR REV 0% 1.07%
- Ultra 10 Year US Treasury Note Future Dec 20 1.04%
- Ultra 10 Year US Treasury Note Future Dec 20 1.04%
- Ultra 10 Year US Treasury Note Future Dec 20 1.04%
- Ultra 10 Year US Treasury Note Future Dec 20 1.04%
- Ultra 10 Year US Treasury Note Future Dec 20 1.04%
Asset Allocation
| Weighting | Return Low | Return High | PTFYX % Rank | |
|---|---|---|---|---|
| Bonds | 96.59% | 66.11% | 143.82% | 83.94% |
| Cash | 3.41% | -1.34% | 32.09% | 12.39% |
| Stocks | 0.00% | 0.00% | 2.72% | 34.40% |
| Preferred Stocks | 0.00% | -43.98% | 0.00% | 24.77% |
| Other | 0.00% | -1.80% | 3.80% | 36.70% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 25.69% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PTFYX % Rank | |
|---|---|---|---|---|
| Municipal | 96.63% | 67.32% | 100.00% | 83.94% |
| Cash & Equivalents | 3.37% | 0.00% | 32.68% | 11.47% |
| Derivative | 0.00% | 0.00% | 0.23% | 27.98% |
| Securitized | 0.00% | 0.00% | 0.00% | 25.69% |
| Corporate | 0.00% | 0.00% | 12.53% | 49.54% |
| Government | 0.00% | 0.00% | 0.80% | 31.65% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PTFYX % Rank | |
|---|---|---|---|---|
| US | 96.06% | 66.11% | 136.78% | 29.82% |
| Non US | 0.53% | 0.00% | 12.73% | 81.65% |
PTFYX - Expenses
Operational Fees
| PTFYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.63% | 0.18% | 7.04% | 82.79% |
| Management Fee | 0.47% | 0.00% | 1.60% | 31.65% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 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% | 4.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| PTFYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 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 | 43.00% | 2.00% | 314.00% | 62.67% |
PTFYX - Distributions
Dividend Yield Analysis
| PTFYX | Category Low | Category High | PTFYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 3.06% | 27.98% |
Dividend Distribution Analysis
| PTFYX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| PTFYX | Category Low | Category High | PTFYX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.59% | -0.98% | 6.28% | 55.56% |
Capital Gain Distribution Analysis
| PTFYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Feb 28, 2019 | $0.039 |
| Jan 31, 2019 | $0.038 |
| Dec 31, 2018 | $0.024 |
| Nov 30, 2018 | $0.044 |
| Oct 31, 2018 | $0.040 |
| Aug 31, 2018 | $0.043 |
| Jul 31, 2018 | $0.038 |
| Jun 29, 2018 | $0.042 |
| May 31, 2018 | $0.041 |
| Apr 30, 2018 | $0.039 |
| Mar 29, 2018 | $0.042 |
| Feb 28, 2018 | $0.041 |
| Jan 31, 2018 | $0.040 |
| Dec 29, 2017 | $0.028 |
| Nov 30, 2017 | $0.040 |
| Oct 31, 2017 | $0.039 |
| Sep 29, 2017 | $0.042 |
| Aug 31, 2017 | $0.040 |
| Jul 31, 2017 | $0.038 |
| Jun 30, 2017 | $0.044 |
| May 31, 2017 | $0.041 |
| Apr 28, 2017 | $0.038 |
| Mar 31, 2017 | $0.043 |
| Feb 28, 2017 | $0.043 |
| Jan 31, 2017 | $0.042 |
| Dec 30, 2016 | $0.034 |
| Nov 30, 2016 | $0.038 |
| Oct 31, 2016 | $0.038 |
| Sep 30, 2016 | $0.044 |
| Aug 31, 2016 | $0.041 |
| Jul 29, 2016 | $0.041 |
| Jun 30, 2016 | $0.042 |
| May 31, 2016 | $0.041 |
| Apr 29, 2016 | $0.045 |
| Mar 31, 2016 | $0.043 |
| Feb 29, 2016 | $0.046 |
| Jan 29, 2016 | $0.041 |
| Dec 31, 2015 | $0.018 |
| Nov 30, 2015 | $0.045 |
| Oct 30, 2015 | $0.043 |
| Sep 30, 2015 | $0.045 |
| Aug 31, 2015 | $0.045 |
| Jul 31, 2015 | $0.045 |
| Jun 30, 2015 | $0.049 |
| May 29, 2015 | $0.043 |
| Apr 30, 2015 | $0.045 |
| Mar 31, 2015 | $0.047 |
| Feb 27, 2015 | $0.046 |
| Jan 30, 2015 | $0.044 |
| Dec 31, 2014 | $0.024 |
| Nov 28, 2014 | $0.043 |
| Oct 31, 2014 | $0.045 |
| Sep 30, 2014 | $0.049 |
| Aug 29, 2014 | $0.042 |
| Jul 31, 2014 | $0.045 |
| Jun 30, 2014 | $0.047 |
| May 30, 2014 | $0.045 |
| Apr 30, 2014 | $0.047 |
| Mar 31, 2014 | $0.046 |
| Feb 28, 2014 | $0.047 |
| Jan 31, 2014 | $0.048 |
| Dec 31, 2013 | $0.050 |
| Nov 29, 2013 | $0.047 |
| Oct 31, 2013 | $0.049 |
| Sep 30, 2013 | $0.051 |
| Aug 30, 2013 | $0.047 |
| Jul 31, 2013 | $0.050 |
| Jun 28, 2013 | $0.043 |
| May 31, 2013 | $0.048 |
| Apr 30, 2013 | $0.052 |
| Mar 28, 2013 | $0.042 |
| Feb 28, 2013 | $0.048 |
| Jan 31, 2013 | $0.047 |
| Dec 31, 2012 | $0.048 |
| Nov 30, 2012 | $0.049 |
| Oct 31, 2012 | $0.052 |
| Sep 28, 2012 | $0.043 |
| Aug 31, 2012 | $0.047 |
| Jul 31, 2012 | $0.049 |
| Jun 29, 2012 | $0.047 |
| May 31, 2012 | $0.049 |
| Apr 30, 2012 | $0.051 |
| Mar 30, 2012 | $0.047 |
| Feb 29, 2012 | $0.049 |
| Jan 31, 2012 | $0.050 |
| Dec 30, 2011 | $0.055 |
| Nov 30, 2011 | $0.055 |
| Oct 31, 2011 | $0.055 |
| Sep 30, 2011 | $0.053 |
| Aug 31, 2011 | $0.056 |
| Jul 29, 2011 | $0.049 |
| Jun 30, 2011 | $0.055 |
| May 31, 2011 | $0.058 |
| Apr 29, 2011 | $0.053 |
| Mar 31, 2011 | $0.058 |
| Feb 28, 2011 | $0.052 |
| Jan 31, 2011 | $0.057 |
| Dec 31, 2010 | $0.055 |
| Nov 30, 2010 | $0.056 |
| Oct 29, 2010 | $0.051 |
| Sep 30, 2010 | $0.053 |
| Aug 31, 2010 | $0.057 |
| Jul 30, 2010 | $0.054 |
| Jun 30, 2010 | $0.059 |
| May 28, 2010 | $0.049 |
| Apr 30, 2010 | $0.052 |
| Mar 31, 2010 | $0.060 |
| Feb 26, 2010 | $0.050 |
| Jan 29, 2010 | $0.052 |
| Dec 31, 2009 | $0.056 |
| Nov 30, 2009 | $0.054 |
| Oct 30, 2009 | $0.052 |
| Sep 30, 2009 | $0.053 |
| Aug 31, 2009 | $0.055 |
| Jul 31, 2009 | $0.055 |
| Jun 30, 2009 | $0.057 |
| May 29, 2009 | $0.052 |
| Apr 30, 2009 | $0.054 |
| Mar 31, 2009 | $0.057 |
| Feb 27, 2009 | $0.050 |
| Jan 30, 2009 | $0.053 |
| Dec 31, 2008 | $0.059 |
| Nov 28, 2008 | $0.049 |
| Oct 31, 2008 | $0.056 |
| Sep 30, 2008 | $0.058 |
| Aug 29, 2008 | $0.053 |
| Jul 31, 2008 | $0.056 |
| Jun 30, 2008 | $0.056 |
| May 30, 2008 | $0.053 |
| Apr 30, 2008 | $0.053 |
| Mar 31, 2008 | $0.056 |
| Feb 29, 2008 | $0.053 |
| Jan 31, 2008 | $0.053 |
PTFYX - Fund Manager Analysis
Managers
Paul Drury
Start Date
Tenure
Tenure Rank
Jun 01, 2002
18.43
18.4%
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
3.84
3.8%
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 |
|---|---|---|---|
| 0.02 | 22.6 | 7.04 | 0.94 |