Putnam Strategic Intermediate Municipal Fund Class A (PPNAX)
| Fund Assets | 2.29B |
| Expense Ratio | 0.90% |
| Min. Investment | $500 |
| Turnover | 41.00% |
| Dividend (ttm) | 0.48 |
| Dividend Yield | 3.27% |
| Dividend Growth | 10.60% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 14.63 |
| YTD Return | 1.47% |
| 1-Year Return | 6.09% |
| 5-Year Return | 5.50% |
| 52-Week Low | 13.44 |
| 52-Week High | 14.64 |
| Beta (5Y) | n/a |
| Holdings | 892 |
| Inception Date | Sep 20, 1993 |
About PPNAX
Putnam Strategic Intermediate Municipal Fund Class A is an actively managed municipal bond mutual fund focused on delivering a high level of current income that is exempt from federal income tax while emphasizing capital preservation. The portfolio primarily invests in tax‑exempt municipal securities across states and sectors, with latitude to adjust interest‑rate exposure and credit mix within an intermediate profile. The strategy typically targets an average maturity in the mid‑single to low‑double‑digit years and an effective duration around the intermediate range, aligning with the Muni National Intermediate category. It diversifies across revenue and general obligation bonds tied to areas such as housing, health care, transportation, education, and utilities, with exposure to multiple large issuing states. The fund may hold a portion of bonds subject to the alternative minimum tax and manages credit quality across high‑grade and mid‑investment‑grade tiers. This approach positions the fund as a core tax‑exempt income holding for investors seeking federally tax‑free distributions and balanced interest‑rate risk within the municipal market’s intermediate segment.
Performance
PPNAX had a total return of 6.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.07%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PTFIX | Class B Shares | 1.44% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.04167 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0438 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0374 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04397 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0389 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0433 | Aug 29, 2025 |