How is Putnam Tax-Free High Yield A Fund (PTHAX) Performing?
Putnam Tax-Free High Yield A (PTHAX) a Zacks Ranked #1 (Strong Buy) was incepted in September 1985 and is managed by Putnam Management. PTHAX seeks high current income exempt from federal income tax. PTHAX 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 lower-rated and investment-grade securities and have intermediate to long-term maturities (three years or longer). Under normal circumstances, PTHAX invests a major portion of its net assets in tax exempt investments.
Putnam Tax-Free High Yield A, managed by Putnam Funds , carries an expense ratio of 0.80. Moreover, PTHAX requires a minimal initial investment of $0.
PTHAX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 3.72%, 3 year 3.40% and 5 year 5.08%. To see how this fund performed compared in its category, please click here.
PTHAX’s performance, as of the last filing, when compared to funds in its category was in the top 9% in 1 year, top 14% over the past 3 years, and in the 10% over the past 5 years.
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