Pursue tax-exempt income with an active, research-driven approach
Explore our investment optionsPutnam Tax-Exempt Income team
2 veteran portfolio managers
Paul M. Drury, CFA, with 33 years of experience, directs Putnam's tax-exempt effort, including security selection, sector rotation, and duration management.

Garrett L. Hamilton, CFA, with 16 years of experience, has responsibilities across the funds with particular emphasis on short- and intermediate-term strategies.


The Fed's battle with inflation weighs on municipals
Q3 commentary
Increased income from higher yields can help provide a cushion against negative returns and rising interest rates. More »

See Municipal market news for more commentary from our team
7 research analysts
2 portfolio construction specialists
21 credit team members