Nasdaq - Delayed Quote USD

Putnam Short-Term Municipal Income Fund Class B (PSMFX)

10.12 0.00 (0.00%)
At close: 8:00 PM EDT

Fund Summary

The investment seeks as high a level of current income exempt from federal income tax as the adviser believes is consistent with preservation of capital. 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)) and that have short-term maturities (i.e., three years or less). The bonds the fund invests in are mainly investment-grade in quality. Under normal circumstances, it invests at least 80% of the fund's net assets in tax-exempt investments, which for purposes of this policy includes investments paying interest subject to the federal AMT for individuals.

Putnam Short-Term Municipal Income Fund Class B

Putnam Funds Trust
One Post Office Square
800-225-1581

Fund Overview

Category Muni National Short
Fund Family Putnam
Net Assets 52.77M
YTD Return 0.00%
Yield 0.56%
Morningstar Rating
Inception Date Mar 18, 2013

Fund Operations

Last Dividend 0.00
Last Cap Gain 0.00
Holdings Turnover 51.00%
Average for Category --

Fees & Expenses

Expense PSMFX Category Average
Annual Report Expense Ratio (net) 0.79% 0.60%
Prospectus Net Expense Ratio 0.79% --
Prospectus Gross Expense Ratio 1.26% --
Max 12b1 Fee 0.45% --
Max Front End Sales Load -- 2.24%
Max Deferred Sales Load 1.00% 1.03%
3 Yr Expense Projection 353 --
5 Yr Expense Projection 646 --
10 Yr Expense Projection 1,426 --

Management Information

Garrett M. Hamilton, Lead Manager since December 31, 2016
Mr. Hamilton has been employed by Putnam since 2016 as a Portfolio Manager. Prior to joining Putnam, Mr. Hamilton was a Portfolio Manager at BNY Mellon from 2010 to 2016.

Morningstar Style Box

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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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