Yield
Distribution rate before sales charge
as of 02/26/25
3.38%
Distribution rate after sales charge
as of 02/26/25
3.38%
30-day SEC yield with subsidy
as of 01/31/25
3.23%
30-day SEC yield without subsidy
as of 01/31/25
2.79%

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 12/31/24 1 yr. 3 yrs. 5 yrs. 10 yrs.
Before sales charge 1.29% 0.19% 1.44% 2.12%
Bloomberg 7-year Municipal Index 0.51%-0.26%0.92%2.00%

Morningstar Ratings as of 08/31/24

Time period Funds in category Morningstar Rating
Overall 265
3 yrs. 265
5 yrs. 244
10 yrs. 180
Morningstar category: Muni National Interm