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PTHYX Putnam Tax-Free High Yield B

  • Fund
  • PTHYX
  • Price as of: Jun 05, 2019
  • $12.83 + $0.01 + 0.08%
  • Category
  • High Yield Municipal Bonds

PTHYX - Profile

Vitals

  • YTD Return 4.2%
  • 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

$12.83
$12.21
$12.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.44%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 39.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

Closed to new investors as of Apr 03, 2017

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 4.2%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.09%
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 Sep 09, 1985
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Paul M. Drury

Fund Description

The fund invests mainly in bonds that pay interest that is exempt from federal income tax (but that may be subject to federal alternative minimum tax (AMT)), are a combination of below-investment-grade and investment-grade securities, and have intermediate- to long-term maturities (three years or longer). Under normal circumstances, the fund invests at least 80% of the fund's net assets in tax-exempt investments.

PTHYX - Performance

Return Ranking - Trailing

Period PTHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% N/A N/A N/A
1 Yr 2.7% N/A N/A N/A
3 Yr -0.1%* N/A N/A N/A
5 Yr 0.8%* N/A N/A N/A
10 Yr 2.1%* N/A N/A N/A

* Annualized


Return Ranking - Calendar

Period PTHYX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.8% N/A N/A N/A
2017 4.1% N/A N/A N/A
2016 -3.1% N/A N/A N/A
2015 0.0% N/A N/A N/A
2014 8.7% N/A N/A N/A

Total Return Ranking - Trailing

Period PTHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% N/A N/A N/A
1 Yr 2.7% N/A N/A N/A
3 Yr -0.1%* N/A N/A N/A
5 Yr 0.8%* N/A N/A N/A
10 Yr 2.1%* N/A N/A N/A

* Annualized


Total Return Ranking - Calendar

Period PTHYX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.8% N/A N/A N/A
2017 4.1% N/A N/A N/A
2016 -3.1% N/A N/A N/A
2015 0.0% N/A N/A N/A
2014 8.7% N/A N/A N/A

NAV & Total Return History

PTHYX - Holdings

Concentration Analysis

PTHYX Category Low Category High PTHYX % Rank
Net Assets 868 M N/A N/A N/A
Number of Holdings 424 N/A N/A N/A
Net Assets in Top 10 91.7 M N/A N/A N/A
Weighting of Top 10 10.63% N/A N/A N/A

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 PTHYX % Rank
Bonds
97.49% N/A N/A N/A
Cash
2.51% N/A N/A N/A
Stocks
0.00% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Other
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High PTHYX % Rank
Municipal
97.34% N/A N/A N/A
Cash & Equivalents
2.66% N/A N/A N/A
Derivative
0.00% N/A N/A N/A
Securitized
0.00% N/A N/A N/A
Corporate
0.00% N/A N/A N/A
Government
0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High PTHYX % Rank
US
96.98% N/A N/A N/A
Non US
0.51% N/A N/A N/A

PTHYX - Expenses

Operational Fees

PTHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.44% N/A N/A N/A
Management Fee 0.48% N/A N/A N/A
12b-1 Fee 0.85% N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

PTHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load 5.00% N/A N/A N/A

Trading Fees

PTHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% N/A N/A N/A

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.

PTHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 39.00% N/A N/A N/A

PTHYX - Distributions

Dividend Yield Analysis

PTHYX Category Low Category High PTHYX % Rank
Dividend Yield 0.02% N/A N/A N/A

Dividend Distribution Analysis

PTHYX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly

Dividend Payout History


Net Income Ratio Analysis

PTHYX Category Low Category High PTHYX % Rank
Net Income Ratio 3.09% N/A N/A N/A

Capital Gain Distribution Analysis

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

PTHYX - 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

N/A

Category High

N/A

Category Average

N/A

Category Mode

N/A