Yield
Distribution rate before sales charge
as of 09/22/23
2.79%
Distribution rate after sales charge
as of 09/22/23
2.79%
30-day SEC yield with subsidy
as of 08/31/23
3.06%
30-day SEC yield without subsidy
as of 08/31/23
2.65%

Expense ratio

Class Y
Total expense ratio 1.23%
What you pay† 0.65%

† 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 06/30/23 1 yr. 3 yrs. 5 yrs. 10 yrs.
Before sales charge 3.23% 0.13% 2.00% 2.28%
Bloomberg 7-year Municipal Index 2.43%-0.52%1.84%2.32%