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Morningstar

Putnam Tax-Free High Yield B PTHYX

Morningstar Medalist Rating
Medalist Rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 11.05  /  0.83 %
  • Total Assets 645.2 Mil
  • Adj. Expense Ratio
    1.470%
  • Expense Ratio 1.470%
  • Distribution Fee Level High
  • Share Class Type —
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Closed
  • TTM Yield 3.47%
  • Effective Duration 9.86 years

USD | NAV as of Nov 29, 2023 | 1-Day Return as of Nov 29, 2023, 11:21 PM GMT+0

Morningstar’s Analysis PTHYX

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

People Pillar

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

Putnam Tax-Free High Yield B'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 most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PTHYX

More PTHYX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 403
  • Other Holdings 3
  • % Assets in Top 10 Holdings 12.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Net Cash

2.31
14,042,740
Cash and Equivalents

PORT PORTLAND ORE ARPT REV 4%

2.04
12,406,343
municipal

JEFFERSON CNTY ALA SWR REV 7.75%

1.52
9,252,229
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

1.31
7,988,348
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

1.30
7,921,613
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 5.25%

1.22
7,454,637
municipal

ILLINOIS ST 5%

1.20
7,315,911
municipal

ALASKA INDL DEV & EXPT AUTH REV 4%

1.18
7,180,706
municipal

SINTON TEX INDPT SCH DIST 5%

1.15
7,028,603
municipal

ORANGE CNTY FLA HEALTH FACS AUTH REV 4%

1.02
6,227,838
municipal