Skip to Content
Morningstar

Putnam Strategic Intermediate Muncpl A PPNAX

Morningstar Medalist Rating
Medalist Rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 13.94  /  0.02 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    0.840%
  • Expense Ratio 0.840%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.69%
  • Effective Duration 5.89 years

USD | NAV as of Dec 08, 2023 | 1-Day Return as of Dec 08, 2023, 11:15 PM GMT+0

Morningstar’s Analysis PPNAX

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

People Pillar

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

Putnam Strategic Intermediate Muncpl A's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PPNAX

More PPNAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 617
  • Other Holdings 5
  • % Assets in Top 10 Holdings 5.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Net Cash

4.31
45,645,099
Cash and Equivalents

NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 3.4%

1.17
12,353,260
municipal

SINTON TEX INDPT SCH DIST 5%

1.09
11,587,154
municipal

NEW YORK N Y 3.1%

1.05
11,100,000
municipal

ALLEGHENY CNTY PA ARPT AUTH ARPT REV 5%

1.01
10,649,432
municipal

NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 3.7%

0.92
9,702,548
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.5%

0.87
9,181,835
municipal

TENNERGY CORP TENN GAS REV 4%

0.86
9,125,631
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%

0.85
9,002,809
municipal

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 2.05%

0.85
8,950,000
municipal