Putnam Tax Free High Yield R6 (PTFRX)
| Fund Assets | 612.30M |
| Expense Ratio | 0.69% |
| Min. Investment | $500 |
| Turnover | 25.00% |
| Dividend (ttm) | 0.50 |
| Dividend Yield | 4.34% |
| Dividend Growth | 6.80% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 11.46 |
| YTD Return | -0.93% |
| 1-Year Return | -1.80% |
| 5-Year Return | 4.79% |
| 52-Week Low | 10.91 |
| 52-Week High | 11.99 |
| Beta (5Y) | n/a |
| Holdings | 476 |
| Inception Date | May 22, 2018 |
About PTFRX
Putnam Tax-Free High Yield Fund Class R6 is a mutual fund designed to provide investors with high current income that is exempt from federal income tax. The fund primarily invests in a diversified portfolio of municipal bonds, focusing on higher-yielding and lower-rated securities, which may include both below-investment-grade and investment-grade issues. Its strategy targets intermediate- to long-term maturities, generally three years or longer, aiming to capitalize on yield opportunities in the municipal bond market. The fund typically allocates at least 80% of its net assets to tax-exempt investments, although some holdings may be subject to the federal alternative minimum tax. With hundreds of individual holdings across various sectors and states—including positions in municipal projects like airports, healthcare, and educational facilities—the fund plays a meaningful role in financing public infrastructure while offering investors potential tax benefits. Its structure and risk-return profile make it suitable for participants seeking income diversification within the high yield municipal bond category, especially those with tax-sensitive investment objectives.
Performance
PTFRX had a total return of -1.80% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.17%.
Top 10 Holdings
11.81% of assets| Name | Symbol | Weight |
|---|---|---|
| PORT PORTLAND ORE ARPT REV | OR.PTPAPT 4 07.01.2050 | 2.09% |
| Net Cash | n/a | 1.54% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH | OH.BUCGEN 5 06.01.2055 | 1.26% |
| ALASKA INDL DEV & EXPT AUTH REV | AK.AKSDEV 4 10.01.2044 | 1.21% |
| CHICAGO ILL | IL.CHI 4 01.01.2038 | 1.09% |
| ORANGE CNTY FLA HEALTH FACS AUTH REV | FL.ORAMED 4 10.01.2052 | 1.02% |
| CLIFTON TEX HIGHER ED FIN CORP ED REV | TX.CLIEDU 6.12 08.15.2048 | 0.96% |
| NEW YORK TRANSN DEV CORP SPL FAC REV | NY.NYTTRN 6 06.30.2055 | 0.91% |
| ST LOUIS CNTY MO INDL DEV AUTH SR LIVING FACS REV | MO.STLDEV 5.25 09.01.2053 | 0.88% |
| GRAYS HBR CNTY WASH PUB HOSP DIST NO 1 HOSP REV | WA.GRHMED 6.88 12.01.2053 | 0.86% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.04661 | Aug 29, 2025 |
| Jul 31, 2025 | $0.04425 | Jul 31, 2025 |
| Jun 30, 2025 | $0.04565 | Jun 30, 2025 |
| May 30, 2025 | $0.04342 | May 30, 2025 |
| Apr 30, 2025 | $0.04001 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03761 | Mar 31, 2025 |