Yield
Distribution rate before sales charge
as of 06/20/24
2.87%
Distribution rate after sales charge
as of 06/20/24
2.87%
30-day SEC yield with subsidy
as of 05/31/24
3.16%
30-day SEC yield without subsidy
as of 05/31/24
2.69%

Expense ratio

Class Y
Total expense ratio 1.08%
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 03/30/25

Annualized performance as of 03/31/24 1 yr. 3 yrs. 5 yrs. 10 yrs.
Before sales charge 3.36% 0.30% 1.98% 2.34%
Bloomberg 7-year Municipal Index 2.14%-0.29%1.50%2.30%

Morningstar Ratings as of 05/31/24

Time period Funds in category Morningstar Rating
Overall 265
3 yrs. 265
5 yrs. 238
10 yrs. 180
Morningstar category: Muni National Interm