Yield
Distribution rate before sales charge
as of 06/06/23
2.64%
Distribution rate after sales charge
as of 06/06/23
2.64%
30-day SEC yield with subsidy
as of 05/31/23
3.17%
30-day SEC yield without subsidy
as of 05/31/23
2.94%

Expense ratio

Class Y
Total expense ratio 0.65%
What you pay† 0.35%

† The fund's expense ratio is taken from the most recent prospectus and is subject to change. What you pay reflects Putnam Management's decision to contractually limit expenses through 03/30/24

Annualized performance as of 03/31/23 1 yr. 3 yrs. 5 yrs. 10 yrs.
Before sales charge 1.61% 0.90% 1.40% 1.06%
Bloomberg 3-year Municipal Index 1.52%0.53%1.30%1.14%

Morningstar Ratings as of 04/30/23

Time period Funds in category Morningstar Rating
Overall 205
3 yrs. 205
5 yrs. 185
10 yrs. 137
Morningstar category: Muni National Short