Yield
Distribution rate before sales charge
as of 12/06/24
3.24%
Distribution rate after sales charge
as of 12/06/24
3.24%
30-day SEC yield with subsidy
as of 11/30/24
3.22%
30-day SEC yield without subsidy
as of 11/30/24
3.11%

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 09/30/24 1 yr. 3 yrs. 5 yrs. 10 yrs.
Before sales charge 6.14% 1.69% 1.76% 1.53%
Bloomberg 3-year Municipal Index 6.17%0.77%1.33%1.38%

Morningstar Ratings as of 08/31/24

Time period Funds in category Morningstar Rating
Overall 207
3 yrs. 207
5 yrs. 198
10 yrs. 146
Morningstar category: Muni National Short