Yield
Distribution rate before sales charge
as of 07/11/24
2.88%
Distribution rate after sales charge
as of 07/11/24
2.88%
30-day SEC yield with subsidy
as of 06/30/24
3.18%
30-day SEC yield without subsidy
as of 06/30/24
2.66%

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 06/30/24 1 yr. 3 yrs. 5 yrs. 10 yrs.
Before sales charge 3.41% -0.23% 1.58% 2.14%
Bloomberg 7-year Municipal Index 2.06%-0.81%0.93%2.00%

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