Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
0.64% 34.40M 1.73% 31.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
21.33M -9.26% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks as high a level of current income exempt from federal income tax as the adviser believes is consistent with preservation of capital. The fund invests mainly in bonds that pay interest that is exempt from federal income tax (but that may be subject to federal alternative minimum tax (AMT)). The adviser normally maintains an average dollar-weighted maturity between three and ten years. The bonds the fund invests in are mainly investment-grade in quality. It invests at least 80% of the fund's net assets in tax-exempt investments, which for purposes of this policy include investments paying interest subject to the federal AMT for individuals.
General
Security Type Mutual Fund
Oldest Share Symbol PIMYX
Equity Style --
Fixed Income Style Medium Quality/Moderate Sensitivity
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni National Interm
Category Index Bloomberg Municipal 1-15 Yr TR USD
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name Putnam
Prospectus Benchmark Index
Bloomberg Municipal 7 Yr 6-8 TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Paul Drury 9.46 yrs
Garrett Hamilton 5.67 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 28
21.33M
-8.504B Category Low
6.647B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of August 31, 2022

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
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--
--
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As of September 30, 2022. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2015
2016
2017
2018
2019
2020
2021
YTD
2.04%
-0.91%
5.39%
1.04%
6.62%
5.02%
1.69%
-9.65%
3.30%
0.25%
5.45%
1.28%
7.54%
5.21%
1.52%
-12.13%
3.05%
0.40%
4.67%
0.69%
7.18%
4.88%
1.16%
-10.42%
2.64%
-0.16%
4.68%
0.80%
6.80%
4.49%
1.27%
-10.60%
--
--
--
--
--
--
--
-10.21%
2.44%
0.09%
3.36%
0.96%
6.51%
4.30%
0.87%
-10.99%
As of September 30, 2022.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (9-30-22) 1.73%
30-Day SEC Yield (8-31-22) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 4.42%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of August 31, 2022

Asset Allocation

As of August 31, 2022.
Type % Net % Long % Short
Cash 8.80% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 91.20% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
CONNECTICUT ST HEALTH & EDL FACS AUTH REV 0.65%
5.81% -- --
SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 1.2%
4.36% -- --
WINONA MINN INDPT SCH DIST NO 861 4%
3.14% -- --
NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%
2.36% -- --
NEDERLAND TEX INDPT SCH DIST 5%
2.25% -- --
GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV 5%
2.10% -- --
CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 5%
2.04% -- --
PORT AUTH N Y & N J 5%
2.04% -- --
LOWER COLO RIV AUTH TEX TRANSMISSION CONTRACT REV 5%
1.96% -- --
CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 5%
1.76% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee Upgrade
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment Upgrade
Minimum Subsequent Investment Upgrade

Basic Info

Investment Strategy
The investment seeks as high a level of current income exempt from federal income tax as the adviser believes is consistent with preservation of capital. The fund invests mainly in bonds that pay interest that is exempt from federal income tax (but that may be subject to federal alternative minimum tax (AMT)). The adviser normally maintains an average dollar-weighted maturity between three and ten years. The bonds the fund invests in are mainly investment-grade in quality. It invests at least 80% of the fund's net assets in tax-exempt investments, which for purposes of this policy include investments paying interest subject to the federal AMT for individuals.
General
Security Type Mutual Fund
Oldest Share Symbol PIMYX
Equity Style --
Fixed Income Style Medium Quality/Moderate Sensitivity
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni National Interm
Category Index Bloomberg Municipal 1-15 Yr TR USD
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name Putnam
Prospectus Benchmark Index
Bloomberg Municipal 7 Yr 6-8 TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Paul Drury 9.46 yrs
Garrett Hamilton 5.67 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (9-30-22) 1.73%
30-Day SEC Yield (8-31-22) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 4.42%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of August 31, 2022

Fund Details

Key Dates
Inception Date 3/18/2013
Last Annual Report Date 11/30/2021
Last Prospectus Date 3/30/2022
Share Classes
PIMBX B
PIMEX A
PIMFX C
PIMRX Retirement
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No

Top Portfolio Holders

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