Nasdaq - Delayed Quote USD

Putnam AMT-Free Municipal Fund Class M (PPMTX)

15.50 +0.01 (+0.06%)
At close: November 25 at 8:01 PM EST

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, are investment-grade in quality, and have intermediate- to long-term maturities (i.e., three years or longer). The fund's manager does not intend to invest in securities the interest on which is subject to the alternative minimum tax (AMT). Under normal circumstances, the managers invest at least 80% of the fund's net assets in tax-exempt investments.

Putnam AMT-Free Municipal Fund Class M

Putnam Tax Free Income Trust
One Post Office Sq
800-225-1581

Fund Overview

Category Muni National Long
Fund Family Putnam
Net Assets 309.59M
YTD Return 7.19%
Yield 2.29%
Morningstar Rating
Inception Date Jun 01, 1995

Fund Operations

Last Dividend 0.00
Last Cap Gain 0.00
Holdings Turnover 38.00%
Average for Category --

Fees & Expenses

Expense PPMTX Category Average
Annual Report Expense Ratio (net) 1.06% 0.73%
Prospectus Net Expense Ratio 1.06% --
Prospectus Gross Expense Ratio 1.06% --
Max 12b1 Fee 0.50% --
Max Front End Sales Load 3.25% 3.72%
Max Deferred Sales Load -- 1.54%
3 Yr Expense Projection 651 --
5 Yr Expense Projection 891 --
10 Yr Expense Projection 1,577 --

Management Information

Paul Drury, Lead Manager since July 31, 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.

Morningstar Style Box

Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund. MORNING_STAR_STYLE_BOX

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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