Yield
Distribution rate before sales charge
as of 12/06/23
2.68%
Distribution rate after sales charge
as of 12/06/23
2.68%
30-day SEC yield with subsidy
as of 11/30/23
3.33%
30-day SEC yield without subsidy
as of 11/30/23
2.83%

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 09/30/23 1 yr. 3 yrs. 5 yrs. 10 yrs.
Before sales charge 2.82% -1.26% 1.42% 1.88%
Bloomberg 7-year Municipal Index 2.23%-1.96%1.27%1.94%

Morningstar Ratings as of 10/31/23

Time period Funds in category Morningstar Rating
Overall 258
3 yrs. 258
5 yrs. 235
10 yrs. 176
Morningstar category: Muni National Interm