Yield
Distribution rate before sales charge
as of 06/06/23
2.74%
Distribution rate after sales charge
as of 06/06/23
2.74%
30-day SEC yield with subsidy
as of 05/31/23
2.93%
30-day SEC yield without subsidy
as of 05/31/23
2.58%

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 03/31/23 1 yr. 3 yrs. 5 yrs. 10 yrs.
Before sales charge 1.24% 0.98% 2.18% 2.01%
Bloomberg 7-year Municipal Index 2.01%0.82%2.19%2.14%

Morningstar Ratings as of 04/30/23

Time period Funds in category Morningstar Rating
Overall 270
3 yrs. 270
5 yrs. 234
10 yrs. 183
Morningstar category: Muni National Interm