Putnam Short-Term Municipal Income Fund

U.S. News evaluated 48 Muni National Short Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

Trailing Returns Updated 02.28.2014
Year to date 0.3%
1 Year N/A
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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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 adviser invests in are mainly investment-grade in quality. The adviser 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

Fees are Above Average compared to funds in the same category.
Putnam Short-Term Municipal Income Fund has an expense ratio of 0.40 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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