| 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% |
| Time period | Funds in category | Morningstar Rating™ |
|---|---|---|
| Overall | 270 | |
| 3 yrs. | 270 | |
| 5 yrs. | 234 | |
| 10 yrs. | 183 |