Putnam Investments

Tax-free income funds except Short-Term Municipal Income Fund and Strategic Intermediate Municipal Fund — class A

Amount invested	Sales charge	Dealer commission
Under $50,000	4.00%	3.50%
$50,000 to $100,000	3.25	2.75
$100,000 to $250,000	2.50	2.00
$250,000 to $500,000	—	1.00
$500,000 to $1 million	—	1.00
$1 million to $4 million	—	1.00
$4 million to $50 million	—	0.50
$50 million +	—	0.25

Short-Term Municipal Income Fund and Strategic Intermediate Municipal Fund — class A

Amount invested	Sales charge	Dealer commission
Under $50,000	2.25%	2.00%
$50,000 to $99,999	2.25	2.00
$100,000 to $249,999	1.25	1.00
$250,000 to $499,999	—	1.00
$500,000 to $999,999	—	1.00
$1 million to $4 million	—	1.00
$4 million to $50 million	—	0.50
$50 million and over	—	0.25

View all fund pricing

TAX CENTER

Learn more and get 2021 tax resources, including information about capital gains for 2021, year-end tax estimates, tax rates for 2021, and more.

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Putnam Perspectives

What is a BDC?

A BDC is a business development company. BDCs provide financing to small and midsize private companies. Investing in BDCs can offer attractive income to public investors through private market exposure.

September 30, 2022

Wealth Management Ideas

Fall open enrollment offers opportunity to change Medicare plans

Each year, Medicare holds an open enrollment period that allows participants to sign up or make changes to existing coverage.

September 28, 2022

FIND AND ANALYZE FUNDS

Analyze investments

Client portfolios can involve a wide range of investments — and decisions. Putnam is ready to help you.

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Equity Insights | September 1, 2022

Inflation is fueling opportunities in emerging markets

Despite naysayers and the macroeconomic backdrop, we are excited about the tremendous long-term potential in emerging market equities.

Capital Markets Outlook | Fixed Income Outlook

Advisor Tech Tips

For Gen Z, tech is money

For advisors, connecting with Gen Z presents a unique challenge and opportunity.

May 11, 2022

Make savings a habit today for their college future

Headlines you need to know this week — September 27, 2022

Trends shaping advice industry

Trends in retirement, taxes, and technology are shaping the advice industry, according to a recent article. Planning for retirement has changed significantly over time as people are living longer or using their retirement years to start a new business or venture. Taxes are also transforming planning. Minimizing taxes in retirement has become top of mind for savers seeking financial advice. Technology is helping the advice industry become more personalized and efficient.

Getting married? Find a financial advisor

Planning a wedding involves finding the hall, a caterer, and a DJ, but what about a financial advisor? A 2013 survey of 191 certified divorce financial analyst professionals noted that 22% of married couples end up getting a divorce due to money issues. The survey also found that incompatibility and infidelity are still leading causes of divorce. But money issues are often in the background. The article noted an advisor can help couples set up a budget, save for goals, plan for risks, and create a financial plan.

Millennials, Gen Z, and saving

A recent study found millennials and Gen Zers are falling behind in saving for retirement, largely due to soaring inflation and student debt. The poll of more than 23,000 adults found nearly 50% were living paycheck to paycheck. Respondents also cited inflation as the biggest concern. A separate study found that today’s millennials, in the 28 to 38 age group, had built up less wealth than previous generations by the same age.