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

PTFYX - Snapshot

Vitals

  • YTD Return 1.9%
  • 3 Yr Annualized Return 6.3%
  • 5 Yr Annualized Return 4.9%
  • Net Assets $866 M
  • Holdings in Top 10 16.0%

52 WEEK LOW AND HIGH

$13.27
$11.80
$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

$18.18

+0.06%

$21.81 B

0.00%

$0.00

3.12%

0.99%

MainStay MacKay High Yield Municipal Bond Fund

Fund

$13.49

0.00%

$11.00 B

0.00%

$0.00

2.27%

0.87%

Invesco High Yield Municipal Fund

Fund

$10.37

0.00%

$10.89 B

-

$0.00

1.97%

1.03%

Goldman Sachs High Yield Municipal Fund

Fund

$10.63

0.00%

$10.74 B

-

$0.00

2.02%

0.57%

American High-Income Municipal Bond Fund®

Fund

$16.90

0.00%

$9.07 B

-

$0.00

1.99%

0.68%

PTFYX - Profile

Distributions

  • YTD Total Return 1.9%
  • 3 Yr Annualized Total Return 6.3%
  • 5 Yr Annualized Total Return 4.9%
  • 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 1.9% -1.8% 3.6% 44.65%
1 Yr 18.3% 0.4% 25.2% 26.27%
3 Yr 6.3%* 1.8% 9.3% 33.18%
5 Yr 4.9%* 1.9% 8.2% 33.66%
10 Yr 6.3%* 3.8% 9.8% 48.00%

* Annualized

Return Ranking - Calendar

Period PTFYX Return Category Return Low Category Return High Rank in Category (%)
2020 0.9% -10.1% 4.2% 29.67%
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 1.9% -1.8% 3.6% 44.65%
1 Yr 18.3% 0.4% 25.2% 20.28%
3 Yr 6.3%* 1.8% 9.3% 27.96%
5 Yr 4.9%* 1.9% 8.2% 29.21%
10 Yr 6.3%* 3.8% 9.8% 43.33%

* Annualized

Total Return Ranking - Calendar

Period PTFYX Return Category Return Low Category Return High Rank in Category (%)
2020 0.9% -10.1% 4.2% 29.67%
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 866 M 10.3 K 21.8 B 54.13%
Number of Holdings 446 6 3567 53.21%
Net Assets in Top 10 41.7 M -36.7 M 2.87 B 75.69%
Weighting of Top 10 15.98% 1.1% 100.0% 32.57%

Top 10 Holdings

  1. 5 Year Treasury Note Future June 21 5.63%
  2. 5 Year Treasury Note Future June 21 5.63%
  3. 5 Year Treasury Note Future June 21 5.63%
  4. 5 Year Treasury Note Future June 21 5.63%
  5. 5 Year Treasury Note Future June 21 5.63%
  6. 5 Year Treasury Note Future June 21 5.63%
  7. 5 Year Treasury Note Future June 21 5.63%
  8. 5 Year Treasury Note Future June 21 5.63%
  9. 5 Year Treasury Note Future June 21 5.63%
  10. 5 Year Treasury Note Future June 21 5.63%

Asset Allocation

Weighting Return Low Return High PTFYX % Rank
Bonds 		90.41% 0.47% 143.28% 94.50%
Cash 		9.63% -6.77% 99.53% 4.13%
Preferred Stocks 		0.00% -43.44% 0.38% 36.24%
Other 		0.00% -0.46% 2.34% 43.58%
Convertible Bonds 		0.00% 0.00% 0.00% 36.24%
Stocks 		-0.05% -0.05% 3.28% 97.71%

Bond Sector Breakdown

Weighting Return Low Return High PTFYX % Rank
Municipal 		90.88% 0.47% 100.00% 89.91%
Cash & Equivalents 		9.11% 0.00% 99.53% 4.59%
Derivative 		0.00% 0.00% 0.01% 38.99%
Securitized 		0.00% 0.00% 18.71% 36.24%
Corporate 		0.00% 0.00% 9.67% 65.60%
Government 		0.00% 0.00% 0.47% 40.37%

Bond Geographic Breakdown

Weighting Return Low Return High PTFYX % Rank
US 		88.91% 0.47% 136.57% 69.27%
Non US 		1.50% 0.00% 15.20% 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% 42.32% 82.87%
Management Fee 0.47% 0.00% 1.60% 33.79%
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% 8.00% 314.00% 56.74%

PTFYX - Distributions

Dividend Yield Analysis

PTFYX Category Low Category High PTFYX % Rank
Dividend Yield 0.00% 0.00% 1.26% 38.36%

Dividend Distribution Analysis

PTFYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

PTFYX Category Low Category High PTFYX % Rank
Net Income Ratio 3.59% -0.98% 6.78% 49.07%

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

18.93

18.9%

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

4.33

4.3%

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
0.08 23.1 7.27 1.44

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