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Putnam Tax-Free High Yield Fund
mutual fund
PTFYX
Payout Change
Pending
Price as of:
$11.62
+0.0
+0.0%
primary theme
High Yield Municipal Bond
share class
PTFYX (Mutual Fund)
Putnam Tax-Free High Yield Fund
Payout Change
Pending
Price as of:
$11.62
+0.0
+0.0%
primary theme
High Yield Municipal Bond
share class
PTFYX (Mutual Fund)
Putnam Tax-Free High Yield Fund
Payout Change
Pending
Price as of:
$11.62
+0.0
+0.0%
primary theme
High Yield Municipal Bond
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
5.4%
1 yr return
5.7%
3 Yr Avg Return
-0.7%
5 Yr Avg Return
1.3%
Net Assets
$680 M
Holdings in Top 10
13.6%
52 WEEK LOW AND HIGH
$11.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.71%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 25.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PTFYX - Profile
Distributions
- YTD Total Return 5.4%
- 3 Yr Annualized Total Return -0.7%
- 5 Yr Annualized Total Return 1.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.32%
- Dividend Yield 4.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePutnam Tax-Free High Yield Fund
-
Fund Family NamePutnam
-
Inception DateJan 16, 2008
-
Shares OutstandingN/A
-
Share ClassY
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPaul Drury
PTFYX - Performance
Return Ranking - Trailing
| Period | PTFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.4% | -4.2% | 11.0% | 27.36% |
| 1 Yr | 5.7% | -3.9% | 11.3% | 24.38% |
| 3 Yr | -0.7%* | -9.3% | 2.5% | 26.53% |
| 5 Yr | 1.3%* | -5.3% | 3.4% | 27.18% |
| 10 Yr | 3.1%* | -0.8% | 155.1% | 27.56% |
* Annualized
Return Ranking - Calendar
| Period | PTFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.0% | -6.2% | 7.5% | 14.85% |
| 2022 | -15.7% | -26.9% | -3.5% | 29.15% |
| 2021 | 0.5% | -1.9% | 5.6% | 87.31% |
| 2020 | 0.9% | -4.0% | 4.2% | 35.71% |
| 2019 | 4.6% | -0.7% | 9.1% | 70.00% |
Total Return Ranking - Trailing
| Period | PTFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.4% | -4.2% | 11.0% | 27.36% |
| 1 Yr | 5.7% | -3.9% | 11.3% | 24.38% |
| 3 Yr | -0.7%* | -9.3% | 2.5% | 26.53% |
| 5 Yr | 1.3%* | -5.3% | 3.4% | 27.18% |
| 10 Yr | 3.1%* | -0.8% | 155.1% | 27.56% |
* Annualized
Total Return Ranking - Calendar
| Period | PTFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.6% | -4.1% | 10.9% | 16.34% |
| 2022 | -12.6% | -26.9% | 4.3% | 28.64% |
| 2021 | 3.8% | -1.9% | 10.0% | 80.71% |
| 2020 | 3.6% | -2.6% | 8.2% | 46.43% |
| 2019 | 9.4% | -0.7% | 1028633.9% | 30.00% |
NAV & Total Return History
PTFYX - Holdings
Concentration Analysis
| PTFYX | Category Low | Category High | PTFYX % Rank | |
|---|---|---|---|---|
| Net Assets | 680 M | 3.1 M | 15.6 B | 54.00% |
| Number of Holdings | 414 | 20 | 3325 | 50.75% |
| Net Assets in Top 10 | 93.4 M | -102 M | 1.96 B | 56.78% |
| Weighting of Top 10 | 13.62% | 4.6% | 98.9% | 41.21% |
Top 10 Holdings
- FX.RT. MUNI BOND 2.16%
- SHORT TERM INV FUND 1.74%
- VAR.RT.MUNI NOTE NT 1.53%
- MUNI ORIG ISSUE DISC 1.37%
- FX.RT. MUNI BOND 1.27%
- FX.RT. MUNI BOND 1.21%
- FX.RT. MUNI BOND 1.12%
- FX.RT. MUNI BOND 1.09%
- FX.RT. MUNI BOND 1.08%
- FX.RT. MUNI BOND 1.06%
Asset Allocation
| Weighting | Return Low | Return High | PTFYX % Rank | |
|---|---|---|---|---|
| Bonds | 99.71% | 0.00% | 146.69% | 39.60% |
| Cash | 1.74% | -0.64% | 10.86% | 21.61% |
| Other | 0.75% | -5.67% | 5.07% | 6.53% |
| Stocks | 0.00% | 0.00% | 99.72% | 61.39% |
| Preferred Stocks | 0.00% | -47.61% | 0.00% | 46.73% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 41.71% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PTFYX % Rank | |
|---|---|---|---|---|
| Municipal | 98.95% | 50.68% | 100.00% | 40.70% |
| Cash & Equivalents | 1.74% | 0.00% | 10.86% | 16.58% |
| Derivative | 0.75% | -7.70% | 2.16% | 1.01% |
| Government | 0.09% | 0.00% | 0.09% | 0.50% |
| Securitized | 0.00% | 0.00% | 22.44% | 44.22% |
| Corporate | 0.00% | 0.00% | 2.83% | 69.85% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PTFYX % Rank | |
|---|---|---|---|---|
| US | 99.71% | 0.00% | 139.84% | 36.18% |
| Non US | 0.00% | 0.00% | 13.35% | 46.23% |
PTFYX - Expenses
Operational Fees
| PTFYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.71% | 0.22% | 3.44% | 71.29% |
| Management Fee | 0.46% | 0.00% | 1.41% | 36.63% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.02% | 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% | 4.50% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| PTFYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | 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 | 25.00% | 2.00% | 121.00% | 67.38% |
PTFYX - Distributions
Dividend Yield Analysis
| PTFYX | Category Low | Category High | PTFYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.20% | 0.00% | 5.94% | 52.97% |
Dividend Distribution Analysis
| PTFYX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| PTFYX | Category Low | Category High | PTFYX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.32% | 1.11% | 5.44% | 40.10% |
Capital Gain Distribution Analysis
| PTFYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.041 | OrdinaryDividend |
| Oct 31, 2024 | $0.039 | OrdinaryDividend |
| Sep 30, 2024 | $0.036 | OrdinaryDividend |
| Aug 30, 2024 | $0.042 | OrdinaryDividend |
| Jul 31, 2024 | $0.039 | OrdinaryDividend |
| Apr 30, 2024 | $0.038 | OrdinaryDividend |
| Mar 28, 2024 | $0.038 | OrdinaryDividend |
| Feb 29, 2024 | $0.038 | OrdinaryDividend |
| Jan 31, 2024 | $0.039 | OrdinaryDividend |
| Dec 29, 2023 | $0.039 | OrdinaryDividend |
| Nov 30, 2023 | $0.038 | OrdinaryDividend |
| Oct 31, 2023 | $0.037 | OrdinaryDividend |
| Sep 29, 2023 | $0.038 | OrdinaryDividend |
| Aug 31, 2023 | $0.037 | OrdinaryDividend |
| Jul 31, 2023 | $0.035 | OrdinaryDividend |
| Jun 30, 2023 | $0.040 | OrdinaryDividend |
| May 31, 2023 | $0.037 | OrdinaryDividend |
| Apr 28, 2023 | $0.034 | OrdinaryDividend |
| Mar 31, 2023 | $0.039 | OrdinaryDividend |
| Feb 28, 2023 | $0.037 | OrdinaryDividend |
| Jan 31, 2023 | $0.036 | OrdinaryDividend |
| Dec 30, 2022 | $0.039 | OrdinaryDividend |
| Dec 28, 2022 | $0.009 | OrdinaryDividend |
| Nov 30, 2022 | $0.036 | OrdinaryDividend |
| Oct 31, 2022 | $0.034 | OrdinaryDividend |
| Sep 30, 2022 | $0.036 | OrdinaryDividend |
| Aug 31, 2022 | $0.034 | OrdinaryDividend |
| Jul 29, 2022 | $0.037 | OrdinaryDividend |
| Jun 30, 2022 | $0.036 | OrdinaryDividend |
| May 31, 2022 | $0.035 | OrdinaryDividend |
| Apr 29, 2022 | $0.035 | OrdinaryDividend |
| Mar 31, 2022 | $0.034 | OrdinaryDividend |
| Feb 28, 2022 | $0.025 | OrdinaryDividend |
| Jan 31, 2022 | $0.032 | OrdinaryDividend |
| Dec 31, 2021 | $0.002 | OrdinaryDividend |
| Nov 30, 2021 | $0.033 | OrdinaryDividend |
| Oct 29, 2021 | $0.034 | OrdinaryDividend |
| Sep 30, 2021 | $0.033 | OrdinaryDividend |
| Aug 31, 2021 | $0.033 | OrdinaryDividend |
| Jul 30, 2021 | $0.036 | OrdinaryDividend |
| Jun 30, 2021 | $0.035 | OrdinaryDividend |
| May 28, 2021 | $0.033 | OrdinaryDividend |
| Apr 30, 2021 | $0.038 | OrdinaryDividend |
| Mar 31, 2021 | $0.037 | OrdinaryDividend |
| Feb 26, 2021 | $0.035 | OrdinaryDividend |
| Jan 29, 2021 | $0.037 | OrdinaryDividend |
| Dec 31, 2020 | $0.044 | OrdinaryDividend |
| Dec 29, 2020 | $0.007 | OrdinaryDividend |
| Nov 30, 2020 | $0.036 | OrdinaryDividend |
| Oct 30, 2020 | $0.039 | OrdinaryDividend |
| Sep 30, 2020 | $0.036 | OrdinaryDividend |
| Aug 31, 2020 | $0.035 | OrdinaryDividend |
| Jun 30, 2020 | $0.035 | OrdinaryDividend |
| Mar 31, 2020 | $0.038 | OrdinaryDividend |
| Feb 28, 2020 | $0.035 | OrdinaryDividend |
| Jan 31, 2020 | $0.039 | OrdinaryDividend |
| Dec 27, 2019 | $0.010 | Extra |
| Dec 27, 2019 | $0.058 | CapitalGainShortTerm |
| Dec 27, 2019 | $0.080 | CapitalGainLongTerm |
| Nov 29, 2019 | $0.039 | OrdinaryDividend |
| Oct 31, 2019 | $0.039 | OrdinaryDividend |
| Sep 30, 2019 | $0.036 | OrdinaryDividend |
| Aug 30, 2019 | $0.040 | OrdinaryDividend |
| Jul 31, 2019 | $0.039 | OrdinaryDividend |
| Dec 27, 2018 | $0.024 | ExtraDividend |
| Dec 27, 2017 | $0.028 | ExtraDividend |
| Dec 28, 2016 | $0.034 | ExtraDividend |
| Dec 29, 2015 | $0.018 | ExtraDividend |
| Dec 30, 2014 | $0.024 | ExtraDividend |
PTFYX - Fund Manager Analysis
Managers
Paul Drury
Start Date
Tenure
Tenure Rank
Jun 01, 2002
20.01
20.0%
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
5.42
5.4%
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 | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.25 | 21.43 | 7.58 | 2.52 |
