Yield
Distribution rate before sales charge
as of 12/05/23
3.12%
Distribution rate after sales charge
as of 12/05/23
3.12%
30-day SEC yield with subsidy
as of 11/30/23
3.44%
30-day SEC yield without subsidy
as of 11/30/23
3.30%

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 09/30/23 1 yr. 3 yrs. 5 yrs. 10 yrs.
Before sales charge 2.85% 0.16% 1.20% 1.03%
Bloomberg 3-year Municipal Index 1.94%-0.95%0.89%0.97%

Morningstar Ratings as of 10/31/23

Time period Funds in category Morningstar Rating
Overall 210
3 yrs. 210
5 yrs. 194
10 yrs. 140
Morningstar category: Muni National Short