Pursue tax-exempt income with an active, research-driven approach

Putnam 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