Putnam Strategic Intermediate Municipal Fund Class A (PPNAX)

Fund Assets	2.30B
Expense Ratio	0.876%
Min. Investment	$500
Turnover	34.00%
Dividend (ttm)	0.50
Dividend Yield	3.68%
Dividend Growth	8.57%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	13.40
YTD Return	-1.82%
1-Year Return	-0.73%
5-Year Return	2.56%
52-Week Low	13.19
52-Week High	14.39
Beta (5Y)	0.05
Holdings	912
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.

• Fund Family: Franklin Templeton, Inc
• Category: Muni National Interm
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: PPNAX
• Share Class: Class A Shares
• Index: Bloomberg 3-15 Y Municipal Bond TR

Performance

PPNAX had a total return of -0.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.86%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FASJX	Fidelity	Fidelity Advisor Sust Interm Muni Inc A	0.60%
FASLX	Fidelity	Fidelity Advisor Sust Interm Muni Inc M	0.60%
FASVX	Fidelity	Fidelity Advisor Sust Interm Muni Inc Z	0.31%
FASUX	Fidelity	Fidelity Advisor Sust Interm Muni Inc I	0.37%
FASNX	Fidelity	Fidelity Advisor Sust Interm Muni Inc C	1.37%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.04205	Sep 30, 2026
Aug 31, 2026	$0.04023	Aug 31, 2026
Jul 31, 2026	$0.04412	Jul 31, 2026
Jun 30, 2026	$0.04061	Jun 30, 2026
May 29, 2026	$0.04218	May 29, 2026
Apr 30, 2026	$0.04119	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

Data Sources Report a data error