Putnam Tax-Free High Yield Y
- PTFYX
- Price as of: Mar 01, 2021
-
$13.02
N/A N/A
- Primary Theme
- High Yield Municipal Bond
- Fund Company
- Putnam
- Share Class
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
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
-
Primary Theme
High Yield Municipal Bond
- Fund Type Open End Mutual Fund
- Investment Style High Yield Muni
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%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePutnam Tax Free High Yield Fund
-
Fund Family NamePutnam
-
Inception DateJan 02, 2008
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPaul 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
- BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 3.22%
- NORTHERN TOB SECURITIZATION CORP ALASKA TOB SETTLEMENT REV 5% 1.55%
- CALIFORNIA ST 0.01% 1.23%
- ALASKA INDL DEV & EXPT AUTH REV 4% 1.13%
- JEFFERSON CNTY ALA SWR REV 0% 1.05%
- Ultra 10 Year US Treasury Note Future Dec 20 1.04%
- Ultra 10 Year US Treasury Note Future Dec 20 1.04%
- Ultra 10 Year US Treasury Note Future Dec 20 1.04%
- Ultra 10 Year US Treasury Note Future Dec 20 1.04%
- 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
Date | Amount |
---|---|
Feb 28, 2019 | $0.039 |
Jan 31, 2019 | $0.038 |
Dec 31, 2018 | $0.024 |
Nov 30, 2018 | $0.044 |
Oct 31, 2018 | $0.040 |
Aug 31, 2018 | $0.043 |
Jul 31, 2018 | $0.038 |
Jun 29, 2018 | $0.042 |
May 31, 2018 | $0.041 |
Apr 30, 2018 | $0.039 |
Mar 29, 2018 | $0.042 |
Feb 28, 2018 | $0.041 |
Jan 31, 2018 | $0.040 |
Dec 29, 2017 | $0.028 |
Nov 30, 2017 | $0.040 |
Oct 31, 2017 | $0.039 |
Sep 29, 2017 | $0.042 |
Aug 31, 2017 | $0.040 |
Jul 31, 2017 | $0.038 |
Jun 30, 2017 | $0.044 |
May 31, 2017 | $0.041 |
Apr 28, 2017 | $0.038 |
Mar 31, 2017 | $0.043 |
Feb 28, 2017 | $0.043 |
Jan 31, 2017 | $0.042 |
Dec 30, 2016 | $0.034 |
Nov 30, 2016 | $0.038 |
Oct 31, 2016 | $0.038 |
Sep 30, 2016 | $0.044 |
Aug 31, 2016 | $0.041 |
Jul 29, 2016 | $0.041 |
Jun 30, 2016 | $0.042 |
May 31, 2016 | $0.041 |
Apr 29, 2016 | $0.045 |
Mar 31, 2016 | $0.043 |
Feb 29, 2016 | $0.046 |
Jan 29, 2016 | $0.041 |
Dec 31, 2015 | $0.018 |
Nov 30, 2015 | $0.045 |
Oct 30, 2015 | $0.043 |
Sep 30, 2015 | $0.045 |
Aug 31, 2015 | $0.045 |
Jul 31, 2015 | $0.045 |
Jun 30, 2015 | $0.049 |
May 29, 2015 | $0.043 |
Apr 30, 2015 | $0.045 |
Mar 31, 2015 | $0.047 |
Feb 27, 2015 | $0.046 |
Jan 30, 2015 | $0.044 |
Dec 31, 2014 | $0.024 |
Nov 28, 2014 | $0.043 |
Oct 31, 2014 | $0.045 |
Sep 30, 2014 | $0.049 |
Aug 29, 2014 | $0.042 |
Jul 31, 2014 | $0.045 |
Jun 30, 2014 | $0.047 |
May 30, 2014 | $0.045 |
Apr 30, 2014 | $0.047 |
Mar 31, 2014 | $0.046 |
Feb 28, 2014 | $0.047 |
Jan 31, 2014 | $0.048 |
Dec 31, 2013 | $0.050 |
Nov 29, 2013 | $0.047 |
Oct 31, 2013 | $0.049 |
Sep 30, 2013 | $0.051 |
Aug 30, 2013 | $0.047 |
Jul 31, 2013 | $0.050 |
Jun 28, 2013 | $0.043 |
May 31, 2013 | $0.048 |
Apr 30, 2013 | $0.052 |
Mar 28, 2013 | $0.042 |
Feb 28, 2013 | $0.048 |
Jan 31, 2013 | $0.047 |
Dec 31, 2012 | $0.048 |
Nov 30, 2012 | $0.049 |
Oct 31, 2012 | $0.052 |
Sep 28, 2012 | $0.043 |
Aug 31, 2012 | $0.047 |
Jul 31, 2012 | $0.049 |
Jun 29, 2012 | $0.047 |
May 31, 2012 | $0.049 |
Apr 30, 2012 | $0.051 |
Mar 30, 2012 | $0.047 |
Feb 29, 2012 | $0.049 |
Jan 31, 2012 | $0.050 |
Dec 30, 2011 | $0.055 |
Nov 30, 2011 | $0.055 |
Oct 31, 2011 | $0.055 |
Sep 30, 2011 | $0.053 |
Aug 31, 2011 | $0.056 |
Jul 29, 2011 | $0.049 |
Jun 30, 2011 | $0.055 |
May 31, 2011 | $0.058 |
Apr 29, 2011 | $0.053 |
Mar 31, 2011 | $0.058 |
Feb 28, 2011 | $0.052 |
Jan 31, 2011 | $0.057 |
Dec 31, 2010 | $0.055 |
Nov 30, 2010 | $0.056 |
Oct 29, 2010 | $0.051 |
Sep 30, 2010 | $0.053 |
Aug 31, 2010 | $0.057 |
Jul 30, 2010 | $0.054 |
Jun 30, 2010 | $0.059 |
May 28, 2010 | $0.049 |
Apr 30, 2010 | $0.052 |
Mar 31, 2010 | $0.060 |
Feb 26, 2010 | $0.050 |
Jan 29, 2010 | $0.052 |
Dec 31, 2009 | $0.056 |
Nov 30, 2009 | $0.054 |
Oct 30, 2009 | $0.052 |
Sep 30, 2009 | $0.053 |
Aug 31, 2009 | $0.055 |
Jul 31, 2009 | $0.055 |
Jun 30, 2009 | $0.057 |
May 29, 2009 | $0.052 |
Apr 30, 2009 | $0.054 |
Mar 31, 2009 | $0.057 |
Feb 27, 2009 | $0.050 |
Jan 30, 2009 | $0.053 |
Dec 31, 2008 | $0.059 |
Nov 28, 2008 | $0.049 |
Oct 31, 2008 | $0.056 |
Sep 30, 2008 | $0.058 |
Aug 29, 2008 | $0.053 |
Jul 31, 2008 | $0.056 |
Jun 30, 2008 | $0.056 |
May 30, 2008 | $0.053 |
Apr 30, 2008 | $0.053 |
Mar 31, 2008 | $0.056 |
Feb 29, 2008 | $0.053 |
Jan 31, 2008 | $0.053 |
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 |