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Morningstar

Putnam Strategic Intermediate Muncpl B PTFIX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 14.09  /  +0.02 %
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    1.440%
  • Expense Ratio 1.440%
  • Distribution Fee Level Low
  • Share Class Type —
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment —
  • Status Closed
  • TTM Yield 2.31%
  • Effective Duration 5.62 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:17 PM GMT+0

Morningstar’s Analysis PTFIX

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

  • People Pillar

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

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit Putnam Strategic Intermediate Muncpl B 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 most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PTFIX

More PTFIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Net Cash

2.87 42.0 Mil
Cash and Equivalents

PENNSYLVANIA ECONOMIC DEV FING AUTH REV 5%

1.17 17.0 Mil
municipal

DE KALB CNTY GA HSG AUTH MULTIFAMILY HSG REV 4%

1.08 15.8 Mil
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH MULTIFAMILY HSG REV 4.5%

1.04 15.1 Mil
municipal

ATLANTA GA WTR & WASTEWTR REV 5%

0.95 13.8 Mil
municipal

TENNERGY CORP TENN GAS REV 4%

0.90 13.2 Mil
municipal

ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV 5%

0.89 12.9 Mil
municipal

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

0.86 12.6 Mil
municipal

WHITING IND ENVIRONMENTAL FACS REV 5%

0.84 12.3 Mil
municipal

SINTON TEX INDPT SCH DIST 5%

0.79 11.6 Mil
municipal