Yield
Distribution rate before sales charge
as of 05/17/24
3.34%
Distribution rate after sales charge
as of 05/17/24
3.34%
30-day SEC yield with subsidy
as of 04/30/24
3.55%
30-day SEC yield without subsidy
as of 04/30/24
3.44%

Expense ratio

Class Y
Total expense ratio 0.57%
What you pay† 0.37%

† 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 03/30/25

Annualized performance as of 03/31/24 1 yr. 3 yrs. 5 yrs. 10 yrs.
Before sales charge 3.08% 0.99% 1.49% 1.30%
Bloomberg 3-year Municipal Index 1.80%-0.02%1.06%1.21%

Morningstar Ratings as of 04/30/24

Time period Funds in category Morningstar Rating
Overall 208
3 yrs. 208
5 yrs. 197
10 yrs. 142
Morningstar category: Muni National Short