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    Putnam Tax-Free High Yield A (PTHAX)

    12.53 0.00(0.00%) Dec 24

    Profile as of Nov 29, 2014Get Profile for:
    Putnam Tax-Free High Yield A
    Putnam Tax Free Income TrustOne Post Office SqBoston MA 02109
    Map
    Phone: 800-225-1581
    Fund Overview 
    Category:High Yield Muni
    Fund Family:Putnam
    Net Assets:994.47M
    Year-to-Date Return:12.61%
    Yield:4.29%
    Morningstar Rating:3 stars
    Fund Inception Date:Sep 20, 1993
    Morningstar Style Box 
    High Yield Muni
    [View Category Definition]
    View Top High Yield Muni Funds
    About the Morningstar Style Box
    Management Information 
    Paul A. Drury
    Lead Manager since Jun 1, 2002
    Mr. Drury is a Portfolio Manager in the Tax Exempt Fixed Income group. In this role, he is responsible for managing several sectors within the municipal market. He is also a Portfolio Manager of Putnam’s taxexempt funds. Mr. Drury, a CFA charterholder, has been in the investment industry since he joined Putnam in 1989.
    Investment Information 
    Min Initial Investment:0
    Min Initial Investment, IRA:N/A
    Min Initial Investment, AIP:N/A
    Min Subsequent Investment:N/A
    Min Subsequent Investment, IRA:N/A
    Min Subsequent Investment, AIP:N/A
    PTHAX can be purchased from 108 brokerages.

    Fund Summary 
    The investment seeks high current income exempt from federal income tax. 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)), are a combination of below-investment grade and investment-grade securities, and have intermediate- to long-term maturities (three years or longer). The manager may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments.

    Fund Operations 
    Last Dividend (Nov 27, 2014) : 0.00
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Dec 23, 2014) : 19.00%
    Average for Category:24.33%
    Fees & Expenses 
    ExpensePTHAXCategory Avg
    Annual Report Expense Ratio (net):0.80%0.98%
    Prospectus Net Expense Ratio:0.80%N/A
    Prospectus Gross Expense Ratio:0.80%N/A
    Max 12b1 Fee:0.23%N/A
    Max Front End Sales Load:4.00%3.79%
    Max Deferred Sales Load: N/A2.08%
    3 Yr Expense Projection*:645532
    5 Yr Expense Projection*:826771
    10 Yr Expense Projection*:1,3501,464
    * Per $10,000 invested