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PTFYX Putnam Tax-Free High Yield Y

  • Fund
  • PTFYX
  • Price as of: Jun 05, 2019
  • $12.85 - $0.00 - 0.00%
  • Category
  • High Yield Municipal Bonds
Profile Performance Holdings Expenses Distributions Managers Read Next

PTFYX - Profile

Vitals

  • YTD Return 4.1%
  • 3 Yr Annualized Return -0.1%
  • 5 Yr Annualized Return 0.8%
  • Net Assets $868 M
  • Holdings in Top 10 10.6%

52 WEEK LOW AND HIGH

$12.85
$12.23
$12.85

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.59%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 39.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

High Yield Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Muni

Distributions

  • YTD Total Return 4.1%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.93%
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 M. Drury

PTFYX - Performance

Return Ranking - Trailing

Period PTFYX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% 1.5% 6.6% 36.22%
1 Yr 2.6% -0.4% 6.6% 49.61%
3 Yr -0.1%* -2.2% 2.4% 44.26%
5 Yr 0.8%* -0.5% 2.0% 63.93%
10 Yr 2.1%* 0.8% 6.5% 40.96%

* Annualized

Return Ranking - Calendar

Period PTFYX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.8% -5.6% 4.2% 60.00%
2017 4.2% 0.0% 8.6% 42.40%
2016 -3.1% -6.7% -1.2% 52.46%
2015 0.0% -2.0% 2.9% 59.84%
2014 8.6% 3.6% 83.0% 61.02%

Total Return Ranking - Trailing

Period PTFYX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% 1.4% 6.7% 40.16%
1 Yr 2.6% -0.4% 7.2% 55.91%
3 Yr -0.1%* -2.1% 3.2% 50.00%
5 Yr 0.8%* -0.5% 5.3% 67.21%
10 Yr 2.1%* 0.8% 7.3% 50.60%

* Annualized

Total Return Ranking - Calendar

Period PTFYX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.8% -3.7% 4.2% 65.60%
2017 4.2% 0.0% 9.8% 46.40%
2016 -3.1% -4.6% 0.8% 54.10%
2015 0.0% -2.0% 5.3% 61.48%
2014 8.6% 3.6% 83.0% 61.02%

NAV & Total Return History

PTFYX - Holdings

Concentration Analysis

PTFYX Category Low Category High PTFYX % Rank
Net Assets 868 M 45.7 M 18.9 B 60.63%
Number of Holdings 424 42 3378 50.39%
Net Assets in Top 10 91.7 M 4.84 M 2.12 B 56.69%
Weighting of Top 10 10.63% 4.3% 39.1% 66.93%

Top 10 Holdings

  1. NORTHERN TOB SECURITIZATION CORP ALASKA TOB SETTLEMENT REV 5% 1.50%
  2. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 6.5% 1.24%
  3. GLOUCESTER CNTY VA INDL DEV AUTH SOLID WASTE DISP REV 2.25% 1.16%
  4. MISSISSIPPI BUSINESS FIN CORP MISS REV 2.5% 1.09%
  5. CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5% 1.01%
  6. CHICAGO ILL 6% 0.94%
  7. JEFFERSON CNTY ALA SWR REV 0% 0.94%
  8. ILLINOIS ST 5% 0.92%
  9. TRIBOROUGH BRDG & TUNL AUTH NY REVS 2.13% 0.91%
  10. TOBACCO SETTLEMENT FING CORP N J 5% 0.91%

Asset Allocation

Weighting Return Low Return High PTFYX % Rank
Bonds 		97.49% 81.91% 103.81% 73.23%
Cash 		2.51% -3.81% 18.09% 25.98%
Stocks 		0.00% 0.00% 0.55% 18.90%
Preferred Stocks 		0.00% 0.00% 0.42% 14.96%
Other 		0.00% 0.00% 1.02% 21.26%
Convertible Bonds 		0.00% 0.00% 0.00% 13.39%

Bond Sector Breakdown

Weighting Return Low Return High PTFYX % Rank
Municipal 		97.34% 91.17% 103.28% 68.50%
Cash & Equivalents 		2.66% -3.28% 18.09% 18.90%
Derivative 		0.00% -0.12% 0.05% 18.11%
Securitized 		0.00% 0.00% 0.02% 14.96%
Corporate 		0.00% 0.00% 2.77% 40.94%
Government 		0.00% -10.34% 4.74% 14.96%

Bond Geographic Breakdown

Weighting Return Low Return High PTFYX % Rank
US 		96.98% 77.16% 103.27% 44.88%
Non US 		0.51% 0.00% 12.42% 76.38%

PTFYX - Expenses

Operational Fees

PTFYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.59% 0.27% 1.97% 94.49%
Management Fee 0.48% 0.26% 0.75% 29.13%
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 0.60% 5.50% N/A

Trading Fees

PTFYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.75% 2.00% 57.14%

Turnover 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 39.00% 3.00% 119.00% 70.08%

PTFYX - Distributions

Dividend Yield Analysis

PTFYX Category Low Category High PTFYX % Rank
Dividend Yield 0.03% 0.01% 3.69% 62.20%

Dividend Distribution Analysis

PTFYX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History

View More History

Net Income Ratio Analysis

PTFYX Category Low Category High PTFYX % Rank
Net Income Ratio 3.93% 1.46% 5.35% 41.73%

Capital Gain Distribution Analysis

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

PTFYX - Managers

Paul M. Drury

Manager

Start Date

Tenure

Tenure Rank

Jun 01, 2002

17.01

17.0%

Mr. 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

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2016

2.41

2.4%

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

0.26

Category High

30.43

Category Average

8.56

Category Mode

6.33

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