PTFYX: Putnam Tax-Free High Yield Y

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PTFYX Putnam Tax-Free High Yield Y


Profile

PTFYX - Profile

Vitals

  • YTD Return -8.1%
  • 3 Yr Annualized Return -1.7%
  • 5 Yr Annualized Return -1.1%
  • Net Assets $776 M
  • Holdings in Top 10 12.6%

52 WEEK LOW AND HIGH

$11.87
$11.15
$13.35

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.61%

SALES FEES

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

BROKERAGE FEES

  • Turnover 47.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Muni

Distributions

  • YTD Total Return -8.1%
  • 3 Yr Annualized Total Return -1.7%
  • 5 Yr Annualized Total Return -1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.82%
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

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Categories

Performance

PTFYX - Performance

Return Ranking - Trailing

Period PTFYX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.1% -14.3% 0.4% 59.07%
1 Yr -7.3% -14.1% 5.3% 71.66%
3 Yr -1.7%* -3.2% 1.8% 67.47%
5 Yr -1.1%* -2.3% 1.7% 69.70%
10 Yr 0.1%* -1.4% 1.7% 52.58%

* Annualized

Return Ranking - Calendar

Period PTFYX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% -0.7% 9.1% 66.31%
2018 -2.8% -4.8% 9.2% 65.52%
2017 4.2% -9.7% 8.6% 45.81%
2016 -3.1% -6.1% -0.8% 54.73%
2015 0.0% -5.6% 2.9% 54.20%

Total Return Ranking - Trailing

Period PTFYX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.1% -14.3% 0.4% 59.07%
1 Yr -7.3% -14.1% 5.3% 71.66%
3 Yr -1.7%* -3.2% 1.8% 70.48%
5 Yr -1.1%* -2.3% 2.2% 69.70%
10 Yr 0.1%* -1.4% 4.2% 56.70%

* Annualized

Total Return Ranking - Calendar

Period PTFYX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% -0.7% 9.1% 66.31%
2018 -2.8% -4.8% 9.2% 68.39%
2017 4.2% -9.7% 8.8% 49.03%
2016 -3.1% -6.1% 1.0% 54.73%
2015 0.0% -5.6% 5.3% 54.20%

NAV & Total Return History


Holdings

PTFYX - Holdings

Concentration Analysis

PTFYX Category Low Category High PTFYX % Rank
Net Assets 776 M 366 K 17.9 B 52.55%
Number of Holdings 444 6 3645 48.45%
Net Assets in Top 10 97.7 M -40.6 M 2.51 B 53.09%
Weighting of Top 10 12.58% 4.2% 98.8% 58.25%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High PTFYX % Rank
Bonds
97.23% 81.55% 142.87% 63.40%
Cash
2.85% -1.98% 17.48% 29.38%
Stocks
0.00% 0.00% 3.60% 24.74%
Preferred Stocks
0.00% -43.10% 0.00% 12.37%
Convertible Bonds
0.00% 0.00% 0.00% 12.37%
Other
-0.09% -0.68% 1.30% 97.42%

Bond Sector Breakdown

Weighting Return Low Return High PTFYX % Rank
Municipal
96.79% 83.27% 100.00% 60.82%
Cash & Equivalents
2.84% 0.00% 16.36% 32.99%
Government
0.37% -2.36% 1.20% 8.76%
Derivative
0.00% 0.00% 0.26% 21.13%
Securitized
0.00% 0.00% 0.00% 12.37%
Corporate
0.00% 0.00% 5.11% 41.24%

Bond Geographic Breakdown

Weighting Return Low Return High PTFYX % Rank
US
96.74% 74.35% 136.82% 21.65%
Non US
0.49% 0.00% 14.58% 84.54%

Expenses

PTFYX - Expenses

Operational Fees

PTFYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.61% 0.21% 2.78% 89.06%
Management Fee 0.47% 0.00% 1.25% 29.44%
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 47.00% 5.10% 125.00% 79.27%

Distributions

PTFYX - Distributions

Dividend Yield Analysis

PTFYX Category Low Category High PTFYX % Rank
Dividend Yield 0.00% 0.00% 1.21% 45.69%

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 3.82% 1.99% 5.67% 48.44%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PTFYX - Fund Manager Analysis

Managers

Paul Drury


Start Date

Tenure

Tenure Rank

Jun 01, 2002

17.93

17.9%

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

3.33

3.3%

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 28.35 6.98 0.44