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Morningstar

Putnam Tax-Free High Yield C PTCCX

Morningstar Medalist Rating
Medalist Rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 10.55  /  0.56 %
  • Total Assets 632.1 Mil
  • Adj. Expense Ratio
    1.620%
  • Expense Ratio 1.620%
  • Distribution Fee Level Above Average
  • Share Class Type Level Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.19%
  • Effective Duration 9.93 years

USD | NAV as of Oct 03, 2023 | 1-Day Return as of Oct 03, 2023, 10:13 PM GMT+0

Morningstar’s Analysis PTCCX

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

People Pillar

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

Putnam Tax-Free High Yield C's Average People Pillar and Process Pillar ratings are n't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative.

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 highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PTCCX

More PTCCX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 404
  • Other Holdings 4
  • % Assets in Top 10 Holdings 9.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Net Cash

5.33
35,437,482
Cash and Equivalents

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

1.50
10,005,000
municipal

JEFFERSON CNTY ALA SWR REV 0%

1.39
9,213,430
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

1.33
8,852,653
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.31
8,730,738
municipal

ORANGE CNTY FLA HEALTH FACS AUTH REV 5%

1.19
7,923,716
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 5.25%

1.18
7,858,893
municipal

ILLINOIS ST 5%

1.14
7,564,904
municipal

ALASKA INDL DEV & EXPT AUTH REV 4%

1.12
7,427,918
municipal

SINTON TEX INDPT SCH DIST 5%

1.06
7,070,412
municipal