| Yield | |
|---|---|
| Distribution rate before sales charge as of 03/21/23 |
2.51% |
| Distribution rate after sales charge as of 03/21/23 |
2.51% |
| 30-day SEC yield with subsidy as of 02/28/23 |
2.71% |
| 30-day SEC yield without subsidy as of 02/28/23 |
2.35% |
Expense ratio |
Class Y |
|---|---|
| Total expense ratio | 1.53% |
| What you pay† | 0.64% |
† 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 03/30/23
| Annualized performance as of 12/31/22 | 1 yr. | 3 yrs. | 5 yrs. | Life (inception: 03/18/13 ) |
|---|---|---|---|---|
| Before sales charge | -6.28% | 0.03% | 1.52% | 1.84% |
| Bloomberg 7-year Municipal Index | -5.97% | -0.27% | 1.48% | -- |