Putnam Tax-Free High Yield Fund Class A (PTHAX)
| Fund Assets | 638.28M |
| Expense Ratio | 0.96% |
| Min. Investment | $500 |
| Turnover | 25.00% |
| Dividend (ttm) | 0.42 |
| Dividend Yield | 3.77% |
| Dividend Growth | 7.17% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 11.04 |
| YTD Return | -3.10% |
| 1-Year Return | -2.14% |
| 5-Year Return | 1.48% |
| 52-Week Low | 10.86 |
| 52-Week High | 11.93 |
| Beta (5Y) | n/a |
| Holdings | 466 |
| Inception Date | Sep 20, 1993 |
About PTHAX
Putnam Tax-Free High Yield Fund Class A is a mutual fund focused on delivering high current income that is exempt from federal income tax. It primarily invests in a diversified portfolio of municipal bonds, targeting securities that are either unrated or rated below investment grade, often referred to as "high-yield" or "junk" municipal bonds. This approach allows the fund to pursue higher income potential, though it assumes greater credit risk compared to funds that concentrate on higher-rated municipal securities. The fund holds intermediate- to long-term bonds and may include both below-investment-grade and investment-grade securities within its portfolio. Notably, investors earn interest distributions on a monthly basis, with a dividend yield that reflects its focus on higher-income potential. The fund plays a significant role for investors seeking tax-advantaged income, particularly those in higher tax brackets, and is a notable participant within the high-yield municipal bond segment of the market.
Performance
PTHAX had a total return of -2.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.92%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PTHYX | Class B Shares | 1.62% |
Top 10 Holdings
13.70% of assets| Name | Symbol | Weight |
|---|---|---|
| Net Cash | n/a | 3.53% |
| PORT PORTLAND ORE ARPT REV 4% | OR.PTPAPT 4 07.01.2050 | 2.09% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | OH.BUCGEN 5 06.01.2055 | 1.29% |
| ALASKA INDL DEV & EXPT AUTH REV 4% | AK.AKSDEV 4 10.01.2044 | 1.19% |
| CHICAGO ILL 4% | IL.CHI 4 01.01.2038 | 1.07% |
| ORANGE CNTY FLA HEALTH FACS AUTH REV 4% | FL.ORAMED 4 10.01.2052 | 1.02% |
| CLIFTON TEX HIGHER ED FIN CORP ED REV 6.125% | TX.CLIEDU 6.12 08.15.2048 | 0.94% |
| ST LOUIS CNTY MO INDL DEV AUTH SR LIVING FACS REV 5.25% | MO.STLDEV 5.25 09.01.2053 | 0.89% |
| GRAYS HBR CNTY WASH PUB HOSP DIST NO 1 HOSP REV 6.875% | WA.GRHMED 6.88 12.01.2053 | 0.85% |
| MARYLAND ST ECONOMIC DEV CORP STUDENT HSG REV 6% | MD.MDSDEV 6 07.01.2058 | 0.83% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.04323 | Jun 30, 2025 |
| May 30, 2025 | $0.04074 | May 30, 2025 |
| Apr 30, 2025 | $0.03744 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03489 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03852 | Feb 28, 2025 |
| Jan 31, 2025 | $0.04024 | Jan 31, 2025 |