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Putnam Tax-Free High Yield A (PTHAX)

12.48 0.00(0.00%) Nov 26

Profile as of Oct 30, 2014Get Profile for:
Putnam Tax-Free High Yield A
One Post Office SqBoston MA 02109
Phone: 800-225-1581
Fund Overview 
Category:High Yield Muni
Fund Family:Putnam
Net Assets:989.82M
Year-to-Date Return:12.15%
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 (Oct 30, 2014) : 0.00
Last Cap Gain : 0.00
Annual Holdings Turnover (Nov 25, 2014) : 19.00%
Average for Category:25.94%
Fees & Expenses 
ExpensePTHAXCategory Avg
Annual Report Expense Ratio (net):0.80%0.99%
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/A2.18%
3 Yr Expense Projection*:645540
5 Yr Expense Projection*:826803
10 Yr Expense Projection*:1,3501,519
* Per $10,000 invested