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Morningstar

Putnam Tax-Free High Yield Y PTFYX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 11.41  /  +0.01 %
  • Total Assets 670.5 Mil
  • Adj. Expense Ratio
    0.770%
  • Expense Ratio 0.770%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.87%
  • Effective Duration 9.42 years

USD | NAV as of Apr 17, 2024 | 1-Day Return as of Apr 17, 2024, 10:22 PM GMT+0

Morningstar’s Analysis PTFYX

Will PTFYX 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 PTFYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PTFYX 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 PTFYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Putnam Tax-Free High Yield Y's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PTFYX

More PTFYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PORT PORTLAND ORE ARPT REV 4%

2.15 14.7 Mil
municipal

Net Cash

1.47 10.0 Mil
Cash and Equivalents

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 2.85%

1.39 9.5 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

1.38 9.4 Mil
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

1.34 9.1 Mil
municipal

ALASKA INDL DEV & EXPT AUTH REV 4%

1.23 8.4 Mil
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 5.25%

1.19 8.1 Mil
municipal

ILLINOIS ST 5%

1.12 7.6 Mil
municipal

CHICAGO ILL 4%

1.11 7.6 Mil
municipal

ORANGE CNTY FLA HEALTH FACS AUTH REV 4%

1.08 7.4 Mil
municipal