3 / 5 Stars
5 5 2 4 4
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
#19 in High Yield Muni
U.S. News evaluated 41 High Yield Muni Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -3.76 percent over the past year, 7.18 percent over the past three years, 10.12 percent over the past five years, and 4.49 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||2.7%|
|3 Years (Annualized)||7.2%|
|5 Years (Annualized)||10.1%|
|10 Years (Annualized)||4.5%|
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.
Fees are Above Average compared to funds in the same category.
Putnam Tax Free High Yield Fund has an expense ratio of 0.80 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.