PTHYX: Putnam Tax Free High Yield Fund - MutualFunds.com

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Putnam Tax-Free High Yield B

PTHYX - Snapshot

Vitals

  • YTD Return -0.6%
  • 3 Yr Annualized Return 3.3%
  • 5 Yr Annualized Return 3.5%
  • Net Assets $820 M
  • Holdings in Top 10 12.1%

52 WEEK LOW AND HIGH

$12.80
$11.13
$13.32

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.48%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 43.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Apr 03, 2017
  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Compare PTHYX to Popular High Yield Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$17.21

0.00%

$18.58 B

0.00%

$0.00

-4.34%

-

$10.00

0.00%

$9.63 B

-

$0.00

-2.91%

-

$10.25

0.00%

$8.89 B

-

$0.00

-0.39%

-

$12.98

0.00%

$8.49 B

0.00%

$0.00

0.00%

-

$16.37

0.00%

$7.74 B

-

$0.00

-0.43%

-

PTHYX - Profile

Distributions

  • YTD Total Return -0.6%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.74%
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 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 -0.6% -11.2% 4.0% 34.12%
1 Yr 0.4% -8.3% 5.2% 50.93%
3 Yr 3.3%* 1.4% 8.2% 71.50%
5 Yr 3.5%* 2.1% 7.6% 74.24%
10 Yr 4.2%* 3.1% 7.7% 79.05%

* Annualized

Return Ranking - Calendar

Period PTHYX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% -0.7% 11.7% 66.50%
2018 -2.8% -5.7% 95.6% 64.58%
2017 4.1% -0.7% 8.6% 45.29%
2016 -3.1% -6.7% -0.8% 53.70%
2015 0.0% -4.0% 2.9% 57.34%

Total Return Ranking - Trailing

Period PTHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -11.2% 4.0% 34.12%
1 Yr -4.4% -8.3% 5.2% 92.52%
3 Yr 2.4%* 1.3% 8.2% 87.92%
5 Yr 3.2%* 1.9% 7.6% 78.79%
10 Yr 4.2%* 3.1% 7.7% 77.03%

* Annualized

Total Return Ranking - Calendar

Period PTHYX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% -0.7% 12.0% 66.50%
2018 -2.8% -5.7% 4.2% 69.27%
2017 4.1% -0.7% 9.8% 50.59%
2016 -3.1% -6.1% 1.1% 56.79%
2015 0.0% -4.0% 5.3% 60.84%

NAV & Total Return History


PTHYX - Holdings

Concentration Analysis

PTHYX Category Low Category High PTHYX % Rank
Net Assets 820 M 478 K 18.6 B 52.53%
Number of Holdings 432 5 3470 51.38%
Net Assets in Top 10 81.8 M -38.2 M 2.4 B 60.55%
Weighting of Top 10 12.05% 4.8% 99.9% 64.22%

Top 10 Holdings

  1. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 2.05%
  2. NORTHERN TOB SECURITIZATION CORP ALASKA TOB SETTLEMENT REV 5% 1.60%
  3. CALIFORNIA ST 0.05% 1.25%
  4. ALASKA INDL DEV & EXPT AUTH REV 4% 1.15%
  5. JEFFERSON CNTY ALA SWR REV 0% 1.07%
  6. Ultra 10 Year US Treasury Note Future Dec 20 1.04%
  7. Ultra 10 Year US Treasury Note Future Dec 20 1.04%
  8. Ultra 10 Year US Treasury Note Future Dec 20 1.04%
  9. Ultra 10 Year US Treasury Note Future Dec 20 1.04%
  10. Ultra 10 Year US Treasury Note Future Dec 20 1.04%

Asset Allocation

Weighting Return Low Return High PTHYX % Rank
Bonds
96.59% 66.11% 143.82% 84.40%
Cash
3.41% -1.34% 32.09% 12.84%
Stocks
0.00% 0.00% 2.72% 65.60%
Preferred Stocks
0.00% -43.98% 0.00% 60.09%
Other
0.00% -1.80% 3.80% 65.14%
Convertible Bonds
0.00% 0.00% 0.00% 61.47%

Bond Sector Breakdown

Weighting Return Low Return High PTHYX % Rank
Municipal
96.63% 67.32% 100.00% 86.24%
Cash & Equivalents
3.37% 0.00% 32.68% 11.93%
Derivative
0.00% 0.00% 0.23% 63.30%
Securitized
0.00% 0.00% 0.00% 61.47%
Corporate
0.00% 0.00% 12.53% 72.94%
Government
0.00% 0.00% 0.80% 64.68%

Bond Geographic Breakdown

Weighting Return Low Return High PTHYX % Rank
US
96.06% 66.11% 136.78% 30.28%
Non US
0.53% 0.00% 12.73% 82.11%

PTHYX - Expenses

Operational Fees

PTHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.48% 0.18% 7.04% 28.37%
Management Fee 0.47% 0.00% 1.60% 32.57%
12b-1 Fee 0.85% 0.00% 1.00% 73.11%
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

PTHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load 5.00% 1.00% 5.50% 4.65%

Trading Fees

PTHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 89.47%

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 43.00% 2.00% 314.00% 63.13%

PTHYX - Distributions

Dividend Yield Analysis

PTHYX Category Low Category High PTHYX % Rank
Dividend Yield 0.00% 0.00% 3.05% 62.84%

Dividend Distribution Analysis

PTHYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PTHYX Category Low Category High PTHYX % Rank
Net Income Ratio 2.74% -0.98% 6.28% 87.96%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

PTHYX - Fund Manager Analysis

Managers

Paul Drury


Start Date

Tenure

Tenure Rank

Jun 01, 2002

18.43

18.4%

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

3.84

3.8%

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 22.6 7.04 0.94
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