PTFYX: Putnam Tax Free High Yield Fund - MutualFunds.com
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Putnam Tax-Free High Yield Y

PTFYX - Snapshot

Vitals

  • YTD Return 0.1%
  • 3 Yr Annualized Return 6.0%
  • 5 Yr Annualized Return 5.2%
  • Net Assets $858 M
  • Holdings in Top 10 12.8%

52 WEEK LOW AND HIGH

$13.02
$11.15
$13.31

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

Compare PTFYX to Popular High Yield Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Nuveen High Yield Municipal Bond Fund

Fund

$17.73

0.00%

$20.86 B

0.00%

$0.00

0.57%

0.99%

Invesco High Yield Municipal Fund

Fund

$10.19

0.00%

$10.50 B

-

$0.00

0.20%

1.13%

Goldman Sachs High Yield Municipal Fund

Fund

$10.43

+0.10%

$10.04 B

-

$0.00

0.10%

0.57%

MainStay MacKay High Yield Municipal Bond Fund

Fund

$13.22

0.00%

$9.88 B

0.00%

$0.00

0.23%

0.87%

American High-Income Municipal Bond Fund®

Fund

$16.61

0.00%

$8.48 B

-

$0.00

0.24%

0.68%

PTFYX - Profile

Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return 6.0%
  • 5 Yr Annualized Total Return 5.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.59%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Putnam Tax Free High Yield Fund
  • Fund Family Name
    Putnam
  • Inception Date
    Jan 02, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Paul Drury

PTFYX - Performance

Return Ranking - Trailing

Period PTFYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -3.2% 1.7% 47.22%
1 Yr 4.4% -4.7% 8.2% 32.26%
3 Yr 6.0%* 2.3% 10.5% 33.65%
5 Yr 5.2%* 2.0% 8.6% 33.83%
10 Yr 6.5%* 4.0% 10.0% 51.01%

* Annualized

Return Ranking - Calendar

Period PTFYX Return Category Return Low Category Return High Rank in Category (%)
2020 0.9% -10.1% 4.2% 29.52%
2019 4.6% -0.7% 11.7% 67.32%
2018 -2.8% -5.7% 95.6% 63.87%
2017 4.2% -0.7% 8.6% 44.12%
2016 -3.1% -6.7% -0.8% 53.09%

Total Return Ranking - Trailing

Period PTFYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -3.2% 1.7% 47.69%
1 Yr 4.4% -4.7% 8.2% 22.12%
3 Yr 6.0%* 2.2% 10.5% 28.85%
5 Yr 5.2%* 2.0% 8.6% 29.35%
10 Yr 6.5%* 4.0% 10.0% 46.31%

* Annualized

Total Return Ranking - Calendar

Period PTFYX Return Category Return Low Category Return High Rank in Category (%)
2020 0.9% -10.1% 4.2% 29.52%
2019 4.6% -0.7% 12.0% 67.32%
2018 -2.8% -5.7% 4.2% 68.59%
2017 4.2% -0.7% 9.8% 48.24%
2016 -3.1% -6.1% 1.1% 55.56%

NAV & Total Return History

PTFYX - Holdings

Concentration Analysis

PTFYX Category Low Category High PTFYX % Rank
Net Assets 858 M 10.2 K 20.9 B 52.07%
Number of Holdings 429 5 3525 53.46%
Net Assets in Top 10 110 M -36.7 M 2.79 B 55.30%
Weighting of Top 10 12.79% 4.1% 99.8% 50.23%

Top 10 Holdings

  1. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 3.22%
  2. NORTHERN TOB SECURITIZATION CORP ALASKA TOB SETTLEMENT REV 5% 1.55%
  3. CALIFORNIA ST 0.01% 1.23%
  4. ALASKA INDL DEV & EXPT AUTH REV 4% 1.13%
  5. JEFFERSON CNTY ALA SWR REV 0% 1.05%
  6. Ultra 10 Year US Treasury Note Future Dec 20 1.04%
  7. Ultra 10 Year US Treasury Note Future Dec 20 1.04%
  8. Ultra 10 Year US Treasury Note Future Dec 20 1.04%
  9. Ultra 10 Year US Treasury Note Future Dec 20 1.04%
  10. Ultra 10 Year US Treasury Note Future Dec 20 1.04%

Asset Allocation

Weighting Return Low Return High PTFYX % Rank
Bonds 		95.80% 57.58% 143.28% 76.96%
Cash 		4.20% -1.22% 40.03% 17.51%
Stocks 		0.00% 0.00% 3.26% 44.70%
Preferred Stocks 		0.00% -43.44% 0.43% 35.48%
Other 		0.00% 0.00% 2.63% 45.62%
Convertible Bonds 		0.00% -0.98% 0.00% 33.18%

Bond Sector Breakdown

Weighting Return Low Return High PTFYX % Rank
Municipal 		95.79% 58.99% 100.00% 76.96%
Cash & Equivalents 		4.20% 0.00% 41.01% 16.13%
Government 		0.01% 0.00% 0.85% 6.45%
Derivative 		0.00% 0.00% 0.01% 36.41%
Securitized 		0.00% 0.00% 17.71% 34.56%
Corporate 		0.00% 0.00% 12.24% 58.53%

Bond Geographic Breakdown

Weighting Return Low Return High PTFYX % Rank
US 		95.32% 57.58% 136.57% 24.42%
Non US 		0.48% 0.00% 13.61% 85.71%

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% 83.80%
Management Fee 0.47% 0.00% 1.60% 33.49%
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% 5.10% 314.00% 59.53%

PTFYX - Distributions

Dividend Yield Analysis

PTFYX Category Low Category High PTFYX % Rank
Dividend Yield 0.00% 0.00% 1.82% 37.16%

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% 50.00%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

PTFYX - Fund Manager Analysis

Managers

Paul Drury

Start Date

Tenure

Tenure Rank

Jun 01, 2002

18.68

18.7%

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

4.09

4.1%

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 22.85 7.21 1.19

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