Skip to Content
Morningstar

Putnam Short-Term Municipal Income Y PSMYX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.80  /  +0.01 %
  • Total Assets 168.1 Mil
  • Adj. Expense Ratio
    0.370%
  • Expense Ratio 0.370%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.02%
  • Effective Duration 1.82 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis PSMYX

Will PSMYX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PSMYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PSMYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PSMYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Putnam Short-Term Municipal Income Y boasts strong Process and People Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PSMYX

More PSMYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA HSG FIN AGY LTD OBLIG MULTIFAMILY HSG REV 5%

3.11 5.2 Mil
municipal

CHICAGO ILL O HARE INTL ARPT REV 5%

2.00 3.3 Mil
municipal

NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 4.3%

1.98 3.3 Mil
municipal

COLORADO ST ED LN PROG 4%

1.96 3.3 Mil
Cash and Equivalents

Net Cash

1.91 3.2 Mil
Cash and Equivalents

POLK CNTY FLA HSG FIN AUTH MULTIFAMILY HSG REV 4.15%

1.82 3.0 Mil
municipal

KNOXVILLE TENN CMNTY DEV CORP MULTIFAMILY REV 4%

1.81 3.0 Mil
municipal

HUDSON CNTY N J IMPT AUTH 5%

1.81 3.0 Mil
municipal

DALLAS TEX HSG FIN CORP MULTI- FAMILY HSG REV 5%

1.68 2.8 Mil
municipal

TENNERGY CORP TENN GAS REV 5%

1.61 2.7 Mil
municipal