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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.

Risk Overview

Morningstar Risk Rating
Best 1Y Total Return 11.03%
Worst 1Y Total Return -3.81%
Number of Years Up 19
Number of Years Down 4

Performance & Risk

YTD Return 0.56%
5y Average Return 3.16%
Rank in Category (ytd) 60
% Rank in Category (ytd) --
Beta (5Y Monthly) 0.94
Morningstar Risk Rating

Risk Statistics

3 Years5 Years10 Years
PPMTXCategory AveragePPMTXCategory AveragePPMTXCategory Average
Alpha -0.27 -0.01 -0.3 -0 -0.46 -0
BETA 0.94 0.01 0.94 0.01 1.02 0.01
Mean Annual Return 0.27 0 0.26 0 0.33 0
R-squared 97.34 0.93 97.42 0.93 96.61 0.93
Standard Deviation 3.31 0.05 2.93 0.05 3.56 0.04
Sharpe Ratio 0.49 0.01 0.71 0 0.96 0.01
Treynor Ratio 1.67 0.03 2.18 0.02 3.37 0.03

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