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

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Putnam Tax-Free High Yield Y

PTFYX - Snapshot

Vitals

  • YTD Return -0.7%
  • 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


Compare PTFYX to Popular High Yield Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$17.20

+0.18%

$18.58 B

0.00%

$0.00

-4.39%

-

$10.00

+0.10%

$9.63 B

-

$0.00

-2.91%

-

$10.25

+0.10%

$8.89 B

-

$0.00

-0.39%

-

$12.97

+0.08%

$8.49 B

0.00%

$0.00

-0.08%

-

$16.37

+0.12%

$7.74 B

-

$0.00

-0.43%

-

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%
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 -0.7% -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

  1. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 2.05%
  2. NORTHERN TOB SECURITIZATION CORP ALASKA TOB SETTLEMENT REV 5% 1.60%
  3. CALIFORNIA ST 0.05% 1.25%
  4. ALASKA INDL DEV & EXPT AUTH REV 4% 1.15%
  5. JEFFERSON CNTY ALA SWR REV 0% 1.07%
  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
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

View More +

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