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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

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


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