Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or loss when you sell your shares. Performance assumes reinvestment of distributions and does not account for taxes. The "before sales charge" performance does not reflect the current maximum sales charges, which we explain below. If performance did reflect the charges, it would be lower. The "after sales charge" performance (or returns at public offering price) varies by share class and fund. For class A and class M shares, the current maximum initial sales charges are 5.75% and 3.50% for equity funds and 4.00% and 3.25% for income funds, respectively (with these exceptions: 2.25% for class A of Putnam Floating Rate Income Fund, Short-Term Municipal Income, Short Duration Bond Fund, and Fixed Income Absolute Return Fund). Class B share performance reflects the applicable contingent deferred sales charge (CDSC), which is 5% in the first year, declines to 1% in the sixth year, and is eliminated thereafter (except for Putnam Floating Rate Income Fund, Putnam Short Duration Bond Fund, Putnam Fixed Income Absolute Return Fund, and Putnam Short-Term Municipal Income Fund; for these funds, the CDSC is 1% in the first year, declines to 0.5% in the second year, and is eliminated thereafter). Class C share performance reflects a 1% CDSC the first year that is eliminated thereafter. Performance for class B, C, M, N, R, and Y shares prior to their inception is derived from the historical performance of class A shares by adjusting for the applicable sales charge (or CDSC) and, except for class Y shares, the higher operating expenses for such shares (note, for two funds — Putnam Tax-Free High Yield Fund and Putnam Strategic Intermediate Municipal Fund performance prior to inception is based on the historical performance of class B shares). Performance for class A, C, R6, and Y shares of Putnam Mortgage Opportunities Fund before their inception is derived from the historical performance of class I shares, which has been adjusted for the applicable sales charge (or CDSC) and the higher operating expenses for such shares. The "after sales charge" performance (at public offering price) for class N shares reflects the current maximum initial sales charge of 1.50%. Class R, R3, R4, R5, and R6 shares, which are available to qualified employee-benefit plans only, are sold without an initial sales charge and have no CDSC. Class Y shares are generally only available for corporate and institutional clients and have no initial sales charge. Performance for class R3 and R4 shares prior to their inception is derived from the historical performance of class Y shares by adjusting for the higher operating expenses for such shares. Performance for class R5 shares before their inception is derived from the historical performance of class Y shares, which has not been adjusted for the lower expenses; had it been adjusted, performance would be higher (with the exception of the RetirementReady Maturity, 2025, 2030, 2035, and 2040 Funds, for which performance is derived from the historical performance of class R6 shares and has been adjusted for the higher operating expenses for such shares; and the RetirementReady 2045, 2050, 2055, and 2060 Funds, for which performance is derived from the historical performance of class R6 shares and has not been adjusted for the lower expenses; had it been adjusted, performance would be higher). Performance for class R6 shares before their inception is derived from the historical performance of class Y shares, which has not been adjusted for the lower operating expenses; had it been adjusted, performance would be higher. For a portion of the period, some funds had expenses limitations or had been sold on a limited basis with limited assets and expenses. Had these limits not been in place, performance would be lower.
Active Income
Short-Term Municipal Income Fund (Class Y) (PSMYX)
A national portfolio of short-term municipal bonds seeking tax-free income with lower interest-rate sensitivity
Highlights
Objective
The fund seeks as high a level of current income exempt from federal income tax as the managers believe is consistent with preservation of capital.
Strategy and process
- Tax-advantaged income: Pursues income free from federal income tax with a portfolio of municipal bonds selected from many states and market sectors.
- Focus on total return: Seeks to offer a competitive yield and the potential for price appreciation while striving to protect investors' capital through prudent security selection and active risk management.
- High-quality, short-term portfolio: The national portfolio features a range of high-quality, short-term bonds that seek to provide tax-free income with lower interest-rate sensitivity.
Fund price |
Yesterday’s close | 52-week high | 52-week low |
---|---|---|---|
Net asset value |
$10.16
0.00% | $0.00 |
$10.20
02/16/21 |
$9.78
03/20/20 |
Fund facts as of 02/28/21
$50.26M
51%
Monthly
150
November
74676A824 / 1880
03/18/13
Tax-free Income
PSMYX
Manager commentary | Q4 2020
Research guides active muni strategies
Portfolio Manager Paul Drury, CFA describes how his team has positioned Putnam municipal funds amid the fiscal policy uncertainty of the pandemic.
Literature
Fund documents |
Prospectuses/SAI |
Fact Sheet (R6 share) (PDF) |
Fact Sheet (YA share) (PDF) |
Annual Fund Report (PDF) |
Semiannual Fund Report (PDF) |
New York confident about recovery
New York leaders are confident about the state's economic recovery.California budget outlook brightens
With revenues coming in higher than projected, the outlook for the California budget is positive in the near term.Record-setting muni issuance pauses post-election
Muni issuance pauses post-election, but reinvestment demand typically increases near year-end.Performance
Consistency of positive performance over five years
Performance shown above does not reflect the effects of any sales charges. Click on the dots to see specific returns in each five-year period as of the date revealed. Note that returns of 0.00% are counted as positive periods. For complete fund performance, please see below.
1.77%
Best 5-year annualized return
(for period ending 12/31/20)
0.73%
Worst 5-year annualized return
(for period ending 03/31/18)
1.23%
Average 5-year annualized return
Total return (%) as of 12/31/20
Annual performance as of 12/31/20
Annualized Total return (%) as of 12/31/20
Annualized performance | 1 yr. | 3 yrs. | 5 yrs. | Life (inception: 03/18/13 ) |
---|---|---|---|---|
Before sales charge | 2.39% | 2.37% | 1.77% | 1.38% |
After sales charge | N/A | N/A | N/A | N/A |
Bloomberg Barclays 3 Year Municipal Index | 2.97% | 2.80% | 2.00% | -- |
Performance snapshot
Before sales charge | After sales charge | ||
---|---|---|---|
1 mt. as of 02/28/21 | -0.31% | - | |
YTD as of 03/08/21 | 0.20% | - | |
Yield
Distribution rate before sales charge as of 03/08/21 |
1.20% |
---|---|
Distribution rate after sales charge as of 03/08/21 |
1.20% |
30-day SEC yield with subsidy as of 02/28/21 |
0.39% |
30-day SEC yield without subsidy as of 02/28/21 |
0.18% |
Risk-adjusted performance as of 01/31/21
Sharpe ratio (3 yrs.) | 0.83 |
---|---|
Information ratio (3 yrs.) | -0.42 |
Volatility as of 01/31/21
Standard deviation (3 yrs.) | 1.27% |
---|---|
Beta | 0.67 |
R-squared | 0.81 |
Fixed income statistics as of 01/31/21
Duration to worst | 1.93 yrs. |
---|
Lipper rankings as of 01/31/21
Time period | Rank/Funds in category | Percentile ranking |
---|---|---|
1 yr. | 30/142 | 21% |
3 yrs. | 30/124 | 24% |
5 yrs. | 18/106 | 17% |
10 yrs. | -- |
Morningstar Ratings™ as of 01/31/21
Time period | Funds in category | Morningstar Rating™ |
---|---|---|
Overall | 201 | |
3 yrs. | 201 | |
5 yrs. | 178 |
Distributions
Accrual days | 28 |
---|---|
Accrual start date | 02/01/21 |
Accrual end date | 02/28/21 |
Payable date | 02/26/21 |
Non-taxable income | $0.008528945 |
Extra taxable income | -- |
Record/Ex dividend date | 12/29/20 |
Payable date | 12/31/20 |
Income | -- |
Extra income | -- |
Short-term cap. gain | $0.0139 |
Long-term cap. gain | -- |
Lipper rankings are based on total return without sales charge relative to all share classes of funds with similar objectives as determined by Lipper. Past performance is not indicative of future results.
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
The up-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has risen. The ratio is calculated by dividing the manager’s returns by the returns of the index during the up-market, and multiplying that factor by 100. The down-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has dropped. The ratio is calculated by dividing the manager’s returns by the returns of the index during the down-market and multiplying that factor by 100.
Tax-Equivalent Yield Calculator
When considering investing in municipal bonds, you should evaluate yields on a tax-equivalent basis, taking into account your tax liability on the interest earned from each.
- Federally tax-exempt bonds typically yield less income than taxable bonds.
- State and local income tax-exempt bonds may yield less than those whose interest is taxed in a particular jurisdiction.
Holdings
Univ Ca-Al-4-Var 00.0100 05/15/2048 | 4.00% |
---|---|
Ca Infra Econ Dev-A P/P 144a 00.4500 01/01/2050 | 3.01% |
Sc Transprtn-2003b 00.5320 10/01/2031 | 2.99% |
Ca Co Ca Tobacco-A 05.0000 06/01/2023 | 2.30% |
Houston Tx Isd-Ref 04.0000 06/01/2029 | 2.18% |
Wa Hlth Care-C-Var 01.0900 01/01/2042 | 2.02% |
Louisville & Jefferso 01.8500 10/01/2033 | 2.02% |
Scranton Sd-Nts-Ref 00.9340 04/01/2031 | 2.01% |
California St-B-Index 00.8440 12/01/2031 | 2.00% |
Bay Area Toll-C 00.0100 04/01/2053 | 2.00% |
Top 10 holdings, percent of portfolio | 24.53% |
Top 10 holdings as of 01/31/21 | |
---|---|
Univ Ca-Al-4-Var 00.0100 05/15/2048 | |
Ca Infra Econ Dev-A P/P 144a 00.4500 01/01/2050 | |
Sc Transprtn-2003b 00.5320 10/01/2031 | |
Ca Co Ca Tobacco-A 05.0000 06/01/2023 | |
Houston Tx Isd-Ref 04.0000 06/01/2029 | |
Wa Hlth Care-C-Var 01.0900 01/01/2042 | |
Louisville & Jefferso 01.8500 10/01/2033 | |
Scranton Sd-Nts-Ref 00.9340 04/01/2031 | |
California St-B-Index 00.8440 12/01/2031 | |
Bay Area Toll-C 00.0100 04/01/2053 | |
Holdings represent 24.53% of portfolio |
Top 10 holdings as of 12/31/20 | |
---|---|
Ca Infra Econ Dev-A P/P 144a 00.4500 01/01/2050 | |
Sc Transprtn-2003b 00.5460 10/01/2031 | |
Ca Co Ca Tobacco-A 05.0000 06/01/2023 | |
Houston Tx Isd-Ref 04.0000 06/01/2029 | |
Wa Hlth Care-C-Var 01.1400 01/01/2042 | |
Louisville & Jefferso 01.8500 10/01/2033 | |
California St-B-Index 00.8610 12/01/2031 | |
Scranton Sd-Nts-Ref 00.9470 04/01/2031 | |
Jacksonvl Port-Ref 04.5000 11/01/2032 | |
Main St Gas-B-Var 00.8460 04/01/2048 | |
Holdings represent 23.56% of portfolio |
Top 10 holdings as of 11/30/20 | |
---|---|
Ca Infra Econ Dev-A P/P 144a 00.4500 01/01/2050 | |
Sc Transprtn-2003b 00.5540 10/01/2031 | |
Ca Co Ca Tobacco-A 05.0000 06/01/2023 | |
Houston Tx Isd-Ref 04.0000 06/01/2029 | |
Wa Hlth Care-C-Var 01.1600 01/01/2042 | |
Louisville & Jefferso 01.8500 10/01/2033 | |
California St-B-Index 00.8670 12/01/2031 | |
Murray City Hsp-Var-A 00.0500 05/15/2037 | |
Nyc Adj-Ser I-Sub I-8 00.0500 04/01/2036 | |
Nyc Wtr-A-1-Dd-2nd Ge 00.0400 06/15/2043 | |
Holdings represent 25.04% of portfolio |
Top 10 holdings as of 10/31/20 | |
---|---|
Ca Infra Econ Dev-A 144a 00.4500 01/01/2050 | |
Sc Transprtn-2003b 00.5500 10/01/2031 | |
Houston Tx Isd-Ref 04.0000 06/01/2029 | |
Wa Hlth Care-C-Var 01.1700 01/01/2042 | |
Louisville & Jefferso 01.8500 10/01/2033 | |
California St-B-Index 00.8640 12/01/2031 | |
Murray City Hsp-Var-A 00.0800 05/15/2037 | |
Nyc Adj-Ser I-Sub I-8 00.0600 04/01/2036 | |
Mo H/E Var-Wa Univ-D 00.1100 09/01/2030 | |
Jacksonvl Port-Ref 04.5000 11/01/2032 | |
Holdings represent 24.40% of portfolio |
UNIV CA-AL-4-VAR 00.0100 05/15/2048 | 3.88% |
---|---|
CA INFRA ECON DEV-A P/P 144A 00.4500 01/01/2050 | 2.91% |
SC TRANSPRTN-2003B 00.5320 10/01/2031 | 2.90% |
CA CO CA TOBACCO-A 05.0000 06/01/2023 | 2.22% |
HOUSTON TX ISD-REF 04.0000 06/01/2029 | 2.11% |
WA HLTH CARE-C-VAR 01.0900 01/01/2042 | 1.96% |
SCRANTON SD-NTS-REF 00.9340 04/01/2031 | 1.95% |
LOUISVILLE & JEFFERSO 01.8500 10/01/2033 | 1.94% |
CALIFORNIA ST-B-INDEX 00.8440 12/01/2031 | 1.94% |
BAY AREA TOLL-C 00.0100 04/01/2053 | 1.94% |
JACKSONVL PORT-REF 04.5000 11/01/2032 | 1.77% |
MAIN ST GAS-B-VAR 00.8460 04/01/2048 | 1.56% |
MINNEAPOLIS HLTH-B1-A 00.0100 11/15/2035 | 1.55% |
NEW YORK ST HSG FIN A 01.6250 05/01/2023 | 1.48% |
CA ST MUNI FIN AUTH-A 05.0000 05/15/2023 | 1.40% |
NJ TRANSPRTN AUTH-AA 05.2500 06/15/2030 | 1.39% |
DETROIT 05.0000 04/01/2025 | 1.32% |
CLARK CNTY BD BK 03.0000 11/01/2035 | 1.31% |
OHIO HGR ED-DAYTON UN 02.6190 12/01/2021 | 1.31% |
OAKLAND PORT-H-REF 05.0000 05/01/2028 | 1.24% |
CONNECTICUT ST HSG FI 03.0000 05/15/2024 | 1.23% |
PITTSBURGH WTR SWR-C 00.6900 09/01/2040 | 1.22% |
E-470 CO PUBLIC HIGHW 05.0000 09/01/2026 | 1.21% |
PORT OF OAKLAND CA 01.1810 05/01/2025 | 1.19% |
KANSAS CITY MO INDL D 05.0000 03/01/2026 | 1.17% |
MI FIN AUTHORITY 00.5400 10/15/2038 | 1.16% |
ILLINOIS FIN AUTH-B-1 05.0000 05/15/2050 | 1.11% |
ILLINOIS ST 05.0000 10/01/2024 | 1.11% |
NC TURNPIKE AUTH-BANS 05.0000 02/01/2024 | 1.10% |
CA MUNI FIN-A-SENIOR 05.0000 08/15/2023 | 1.10% |
CLARK CO SD -A 03.0000 06/15/2025 | 1.08% |
LONG ISLAND NY PWR AU 01.6500 09/01/2049 | 1.01% |
ALBANY RES CORP-A-REF 05.0000 05/01/2022 | 1.00% |
ALABAMA ST SPL CARE F 01.8500 11/15/2046 | 1.00% |
PORT AUTH NY & NJ-AMT 05.0000 09/01/2021 | 1.00% |
LONG BEACH-C 04.0000 07/15/2021 | 0.99% |
NJ ECON DEV AUTH -B - 01.2000 11/01/2034 | 0.98% |
MAIN STREET NATURAL-A 05.0000 05/15/2021 | 0.98% |
MET TRANSPRTN-B2 05.0000 05/15/2021 | 0.98% |
LONG ISLAND NY PWR AU 00.8500 09/01/2050 | 0.98% |
LYNDHURST TWP NJ 02.0000 05/06/2021 | 0.98% |
CA INFRA & ECON DEV-A 00.4310 10/01/2047 | 0.97% |
E-470-A-SR-LIBOR 00.5020 09/01/2039 | 0.97% |
SC JOBS-EDA-B-VAR 00.0100 05/01/2048 | 0.97% |
IL FIN AUTH-VAR-REF 00.5840 11/01/2034 | 0.95% |
VIRGINIA ST CLG BLDG 05.0000 09/01/2022 | 0.94% |
CALIFORNIA ST PUBLIC 05.0000 03/01/2023 | 0.91% |
ILLINOIS ST-D 05.0000 11/01/2021 | 0.90% |
GEISINGER PA AUTH HLT 05.0000 04/01/2043 | 0.85% |
LOUISIANA ST OFFSHORE 01.6500 09/01/2033 | 0.79% |
SAN BERNARDIO OBLG-C 00.3530 08/01/2023 | 0.72% |
DIST OF COLUMBIA- REV 05.0000 07/01/2027 | 0.70% |
PORT OF SEATTLE-C 05.0000 05/01/2024 | 0.70% |
MICHIGAN ST HOSP FIN 01.9000 11/15/2047 | 0.69% |
LITTLE ELM INDEP SCH 05.0000 08/15/2022 | 0.64% |
CENTRL TX REGL-A-REF 05.0000 01/01/2022 | 0.61% |
NY ST URBAN DEV CORP 05.0000 03/15/2022 | 0.60% |
BURKE DEV AUTH-A 01.5000 01/01/2040 | 0.60% |
AKRON ETC JT TWP HOSP 05.0000 11/15/2025 | 0.59% |
KING CNTY WA SWR REVE 02.6000 01/01/2043 | 0.58% |
VA SMALL BUS FIN-A 05.0000 01/01/2025 | 0.56% |
PORT AUTH OF NEW YORK 05.0000 05/01/2023 | 0.55% |
TEXAS MUNI PWR AGY 05.0000 09/01/2047 | 0.54% |
NEW YORK TRANSPRTN-A 05.0000 12/01/2025 | 0.52% |
NYC-E 05.2500 08/01/2022 | 0.52% |
FONTANA CFD 85 03.0000 09/01/2023 | 0.51% |
CHICAGO-A-REF 05.0000 01/01/2022 | 0.50% |
MD ST HLTH & HGR EDU 05.0000 06/01/2029 | 0.49% |
HAWAII ST HARBOR SYS 00.9000 07/01/2023 | 0.49% |
CA PUB FIN AUTH-C 00.0100 08/01/2052 | 0.48% |
NJ ECON DEV AUTH-QQQ 05.0000 06/15/2023 | 0.47% |
CT ST HSG FIN AUTH-G 02.7500 05/15/2026 | 0.47% |
NEW YORK ST DORM AUTH 05.0000 07/01/2026 | 0.46% |
IL ST-REF 04.0000 08/01/2025 | 0.46% |
AKRON ETC JT TWP HOSP 05.0000 11/15/2027 | 0.44% |
MS BUSINESS FIN-REF 02.5000 04/01/2022 | 0.44% |
NJ ECON DEV AUTH-QQQ 05.0000 06/15/2022 | 0.41% |
ALLEGHENY HOSP DEV-A 05.0000 04/01/2022 | 0.41% |
CHICAGO WSTWTR-2ND 05.0000 01/01/2023 | 0.40% |
PA TURNPIKE COMM-REF 05.0000 12/01/2021 | 0.40% |
FREDERICK CO -REV 02.6250 07/01/2024 | 0.40% |
BURKE CNTY DEV AUTH 02.5000 01/01/2052 | 0.39% |
CA INFRA & ECON DEV-D 00.4690 08/01/2047 | 0.39% |
NM HOSP EQUIP-C 02.2500 07/01/2023 | 0.39% |
NEW YORK ST DORM AUTH 05.0000 07/01/2024 | 0.38% |
FL ST DEV FIN CORP-A 05.0000 04/01/2029 | 0.37% |
REGL CO TRANS DT-A 05.0000 07/15/2025 | 0.37% |
CA ST MUNI FIN-A-REF 04.0000 10/01/2030 | 0.37% |
CONNECTICUT ST -A-REV 05.0000 05/01/2025 | 0.35% |
MILAN MI AREA SCHS 05.0000 05/01/2021 | 0.34% |
NYC HSG DEV MFH-B1B 02.1000 11/01/2058 | 0.34% |
VA SMALL BUS FIN-A 05.0000 01/01/2024 | 0.33% |
WESTMORELAND CNTY PA 04.0000 07/01/2023 | 0.31% |
BLACK BELT ENERGY GAS 04.0000 08/01/2047 | 0.31% |
HIGH PLAINS CO MET DI 04.0000 12/01/2021 | 0.30% |
FARMINGTON -F -REF 01.2000 06/01/2040 | 0.30% |
BETHLEHAM SD-FLTR 00.5760 01/01/2030 | 0.29% |
TX SFM-NON AMT-A 05.2500 09/01/2028 | 0.24% |
CALIFORNIA ST ENTERPR 05.0000 08/01/2026 | 0.23% |
REGL CO TRANS DT-A 05.0000 07/15/2024 | 0.22% |
CALIFORNIA ST ENTERPR 05.0000 08/01/2024 | 0.22% |
DIST OF COLUMBIA REV 05.0000 07/01/2023 | 0.21% |
PR BLDG REF-SER L-NAT 05.5000 07/01/2021 | 0.21% |
ST PUB SCH BLDG-A 05.0000 06/01/2023 | 0.21% |
CA SCH FIN AUTH 05.0000 06/01/2022 | 0.21% |
NEW YORK ST DORM AUTH 05.0000 07/01/2023 | 0.21% |
SAN JUAN SD-REF-B 05.0000 08/01/2023 | 0.21% |
LAS VEGAS REDEV-REF 05.0000 06/15/2022 | 0.20% |
RI HLTH & EDUCTNL-REF 05.0000 05/15/2022 | 0.20% |
NTHRN IL UNIV -B 05.0000 04/01/2022 | 0.20% |
WESTMORELAND CNTY PA 04.0000 07/01/2022 | 0.20% |
CHICAGO BOE-E-REF 05.0000 12/01/2021 | 0.20% |
NEW JERSEY ST ECON DE 05.0000 11/01/2021 | 0.20% |
GLENDALE INDL DEV-REF 04.0000 05/15/2022 | 0.20% |
ST JOHN BAPTIST-B1 02.1250 06/01/2037 | 0.20% |
UNIV OF COLORADO CO H 05.0000 11/15/2038 | 0.20% |
FARMINGTON NM POLL CO 02.1250 06/01/2040 | 0.20% |
CALIFORNIA SCH FIN- A 05.0000 08/01/2021 | 0.20% |
ILLINOIS ST-A 05.0000 04/01/2021 | 0.20% |
NTHRN IL UNIV -B 05.0000 04/01/2021 | 0.20% |
WASHINGTON ST HLTH CA 01.1820 01/01/2042 | 0.20% |
NJ ST ECO DEV-I 01.5900 09/01/2027 | 0.19% |
NEW YORK ST DORM AUTH 05.0000 07/01/2030 | 0.18% |
NEW YORK ST DORM AUTH 05.0000 07/01/2029 | 0.18% |
NEW YORK ST DORM AUTH 05.0000 07/01/2028 | 0.18% |
SA ENERGY ACQ PUB FAC 05.5000 08/01/2025 | 0.18% |
ILLINOIS ST FIN AUTH 05.0000 11/01/2023 | 0.16% |
MN HSG FIN AGY-A-RSDL 04.0000 07/01/2038 | 0.13% |
PR HWY/TRN-CC-REF-AGM 05.5000 07/01/2029 | 0.13% |
CALIFORNIA ST ENTERPR 05.0000 08/01/2022 | 0.10% |
SC PUB SVC AUTH-D 05.0000 12/01/2022 | 0.10% |
SC PUB SVC AUTH-D 05.0000 12/01/2022 | 0.10% |
LOWELL COLLEGIATE 04.0000 06/15/2024 | 0.10% |
SOUTHLANDS CO MET DT 03.0000 12/01/2022 | 0.08% |
MA HSG FIN AGY-169 04.0000 12/01/2044 | 0.06% |
PR INFRA-RF-C 05.5000 07/01/2026 | 0.05% |
MT BRD HSG-A2-SFH-AMT 03.0000 12/01/2043 | 0.05% |
AZ INDL DEV-A-REF P/P 144A 04.0000 07/01/2021 | 0.05% |
NEW YORK ST DORM AUTH 05.0000 07/01/2021 | 0.05% |
PHOENIX INDL DEV AUTH 03.7500 07/01/2024 | 0.02% |
MMD AAA R SP 0.0 03/11/21 BA | 0.00% |
MMD AAA R SP 0.0 03/17/21 CI | 0.00% |
CA INFRA ECON DEV-A P/P 144A 00.4500 01/01/2050 | 3.27% |
---|---|
SC TRANSPRTN-2003B 00.5460 10/01/2031 | 3.25% |
CA CO CA TOBACCO-A 05.0000 06/01/2023 | 2.48% |
HOUSTON TX ISD-REF 04.0000 06/01/2029 | 2.36% |
WA HLTH CARE-C-VAR 01.1400 01/01/2042 | 2.20% |
LOUISVILLE & JEFFERSO 01.8500 10/01/2033 | 2.18% |
CALIFORNIA ST-B-INDEX 00.8610 12/01/2031 | 2.18% |
SCRANTON SD-NTS-REF 00.9470 04/01/2031 | 2.18% |
JACKSONVL PORT-REF 04.5000 11/01/2032 | 1.99% |
MAIN ST GAS-B-VAR 00.8460 04/01/2048 | 1.74% |
NEW YORK ST HSG FIN A 01.6250 05/01/2023 | 1.66% |
CA PUB FIN AUTH-C 00.0100 08/01/2052 | 1.63% |
CA ST MUNI FIN AUTH-A 05.0000 05/15/2023 | 1.57% |
NJ TRANSPRTN AUTH-AA 05.2500 06/15/2030 | 1.54% |
CLARK CNTY BD BK 03.0000 11/01/2035 | 1.47% |
OHIO HGR ED-DAYTON UN 02.6190 12/01/2021 | 1.46% |
DETROIT 05.0000 04/01/2025 | 1.42% |
OAKLAND PORT-H-REF 05.0000 05/01/2028 | 1.38% |
CONNECTICUT ST HSG FI 03.0000 05/15/2024 | 1.38% |
PITTSBURGH WTR SWR-C 00.7400 09/01/2040 | 1.36% |
E-470 CO PUBLIC HIGHW 05.0000 09/01/2026 | 1.36% |
PORT OF OAKLAND CA 01.1810 05/01/2025 | 1.31% |
KANSAS CITY MO INDL D 05.0000 03/01/2026 | 1.31% |
MI FIN AUTHORITY 00.5900 10/15/2038 | 1.31% |
ILLINOIS FIN AUTH-B-1 05.0000 05/15/2050 | 1.25% |
NC TURNPIKE AUTH-BANS 05.0000 02/01/2024 | 1.23% |
CA MUNI FIN-A-SENIOR 05.0000 08/15/2023 | 1.23% |
ILLINOIS ST 05.0000 10/01/2024 | 1.22% |
CLARK CO SD -A 03.0000 06/15/2025 | 1.20% |
LONG ISLAND NY PWR AU 01.6500 09/01/2049 | 1.13% |
ALBANY RES CORP-A-REF 05.0000 05/01/2022 | 1.13% |
PORT AUTH NY & NJ-AMT 05.0000 09/01/2021 | 1.12% |
ALABAMA ST SPL CARE F 01.8500 11/15/2046 | 1.12% |
LONG BEACH-C 04.0000 07/15/2021 | 1.11% |
MAIN STREET NATURAL-A 05.0000 05/15/2021 | 1.10% |
NJ ECON DEV AUTH -B - 01.2000 11/01/2034 | 1.10% |
MET TRANSPRTN-B2 05.0000 05/15/2021 | 1.10% |
LONG ISLAND NY PWR AU 00.8500 09/01/2050 | 1.10% |
LYNDHURST TWP NJ 02.0000 05/06/2021 | 1.09% |
CA INFRA & ECON DEV-A 00.4310 10/01/2047 | 1.09% |
SC JOBS-EDA-B-VAR 00.0200 05/01/2048 | 1.09% |
E-470-A-SR-LIBOR 00.5160 09/01/2039 | 1.09% |
IL FIN AUTH-VAR-REF 00.5980 11/01/2034 | 1.06% |
VIRGINIA ST CLG BLDG 05.0000 09/01/2022 | 1.06% |
CALIFORNIA ST PUBLIC 05.0000 03/01/2023 | 1.02% |
ILLINOIS ST-D 05.0000 11/01/2021 | 1.01% |
GEISINGER PA AUTH HLT 05.0000 04/01/2043 | 0.94% |
LOUISIANA ST OFFSHORE 01.6500 09/01/2033 | 0.88% |
SAN BERNARDIO OBLG-C 00.3740 08/01/2023 | 0.81% |
DIST OF COLUMBIA- REV 05.0000 07/01/2027 | 0.78% |
PORT OF SEATTLE-C 05.0000 05/01/2024 | 0.78% |
MICHIGAN ST HOSP FIN 01.9000 11/15/2047 | 0.78% |
LITTLE ELM INDEP SCH 05.0000 08/15/2022 | 0.72% |
CENTRL TX REGL-A-REF 05.0000 01/01/2022 | 0.68% |
NY ST URBAN DEV CORP 05.0000 03/15/2022 | 0.68% |
BURKE DEV AUTH-A 01.5000 01/01/2040 | 0.67% |
AKRON ETC JT TWP HOSP 05.0000 11/15/2025 | 0.66% |
KING CNTY WA SWR REVE 02.6000 01/01/2043 | 0.66% |
VA SMALL BUS FIN-A 05.0000 01/01/2025 | 0.64% |
PORT AUTH OF NEW YORK 05.0000 05/01/2023 | 0.62% |
TEXAS MUNI PWR AGY 05.0000 09/01/2047 | 0.60% |
NYC-E 05.2500 08/01/2022 | 0.59% |
NEW YORK TRANSPRTN-A 05.0000 12/01/2025 | 0.58% |
FONTANA CFD 85 03.0000 09/01/2023 | 0.57% |
CHICAGO-A-REF 05.0000 01/01/2022 | 0.56% |
HAWAII ST HARBOR SYS 00.9000 07/01/2023 | 0.54% |
CT ST HSG FIN AUTH-G 02.7500 05/15/2026 | 0.52% |
IL ST-REF 04.0000 08/01/2025 | 0.50% |
MS BUSINESS FIN-REF 02.5000 04/01/2022 | 0.49% |
AKRON ETC JT TWP HOSP 05.0000 11/15/2027 | 0.49% |
ALLEGHENY HOSP DEV-A 05.0000 04/01/2022 | 0.46% |
CHICAGO WSTWTR-2ND 05.0000 01/01/2023 | 0.45% |
PA TURNPIKE COMM-REF 05.0000 12/01/2021 | 0.45% |
BURKE CNTY DEV AUTH 02.5000 01/01/2052 | 0.44% |
FREDERICK CO -REV 02.6250 07/01/2024 | 0.44% |
CA INFRA & ECON DEV-D 00.4820 08/01/2047 | 0.44% |
CHICAGO-A-REF 05.0000 01/01/2021 | 0.44% |
NM HOSP EQUIP-C 02.2500 07/01/2023 | 0.43% |
FL ST DEV FIN CORP-A 05.0000 04/01/2029 | 0.42% |
REGL CO TRANS DT-A 05.0000 07/15/2025 | 0.42% |
CA ST MUNI FIN-A-REF 04.0000 10/01/2030 | 0.41% |
CONNECTICUT ST -A-REV 05.0000 05/01/2025 | 0.39% |
MILAN MI AREA SCHS 05.0000 05/01/2021 | 0.39% |
NYC HSG DEV MFH-B1B 02.1000 11/01/2058 | 0.38% |
VA SMALL BUS FIN-A 05.0000 01/01/2024 | 0.37% |
WESTMORELAND CNTY PA 04.0000 07/01/2023 | 0.35% |
BLACK BELT ENERGY GAS 04.0000 08/01/2047 | 0.34% |
HIGH PLAINS CO MET DI 04.0000 12/01/2021 | 0.34% |
FARMINGTON -F -REF 01.2000 06/01/2040 | 0.33% |
BETHLEHAM SD-FLTR 00.5930 01/01/2030 | 0.33% |
ILLINOIS ST 05.0000 01/01/2021 | 0.33% |
NJ TURNPIKE AUTH-C5 00.5680 01/01/2028 | 0.33% |
TX SFM-NON AMT-A 05.2500 09/01/2028 | 0.27% |
CALIFORNIA ST ENTERPR 05.0000 08/01/2026 | 0.26% |
REGL CO TRANS DT-A 05.0000 07/15/2024 | 0.25% |
CALIFORNIA ST ENTERPR 05.0000 08/01/2024 | 0.25% |
ST PUB SCH BLDG-A 05.0000 06/01/2023 | 0.24% |
DIST OF COLUMBIA REV 05.0000 07/01/2023 | 0.24% |
PR BLDG REF-SER L-NAT 05.5000 07/01/2021 | 0.24% |
CA SCH FIN AUTH 05.0000 06/01/2022 | 0.24% |
SAN JUAN SD-REF-B 05.0000 08/01/2023 | 0.23% |
LAS VEGAS REDEV-REF 05.0000 06/15/2022 | 0.23% |
RI HLTH & EDUCTNL-REF 05.0000 05/15/2022 | 0.23% |
NTHRN IL UNIV -B 05.0000 04/01/2022 | 0.23% |
WESTMORELAND CNTY PA 04.0000 07/01/2022 | 0.23% |
NEW JERSEY ST ECON DE 05.0000 11/01/2021 | 0.23% |
GLENDALE INDL DEV-REF 04.0000 05/15/2022 | 0.22% |
UNIV OF COLORADO CO H 05.0000 11/15/2038 | 0.22% |
CHICAGO BOE-E-REF 05.0000 12/01/2021 | 0.22% |
ST JOHN BAPTIST-B1 02.1250 06/01/2037 | 0.22% |
CALIFORNIA SCH FIN- A 05.0000 08/01/2021 | 0.22% |
FARMINGTON NM POLL CO 02.1250 06/01/2040 | 0.22% |
ILLINOIS ST-A 05.0000 04/01/2021 | 0.22% |
NTHRN IL UNIV -B 05.0000 04/01/2021 | 0.22% |
WASHINGTON ST HLTH CA 01.1980 01/01/2042 | 0.22% |
NJ ST ECO DEV-I 01.6400 09/01/2027 | 0.22% |
SA ENERGY ACQ PUB FAC 05.5000 08/01/2025 | 0.20% |
ILLINOIS ST FIN AUTH 05.0000 11/01/2023 | 0.18% |
MN HSG FIN AGY-A-RSDL 04.0000 07/01/2038 | 0.16% |
PR HWY/TRN-CC-REF-AGM 05.5000 07/01/2029 | 0.14% |
CALIFORNIA ST ENTERPR 05.0000 08/01/2022 | 0.12% |
SC PUB SVC AUTH-D 05.0000 12/01/2022 | 0.12% |
SC PUB SVC AUTH-D 05.0000 12/01/2022 | 0.12% |
LOWELL COLLEGIATE 04.0000 06/15/2024 | 0.11% |
CHICAGO-A-REF 05.0000 01/01/2021 | 0.11% |
SOUTHLANDS CO MET DT 03.0000 12/01/2022 | 0.09% |
MA HSG FIN AGY-169 04.0000 12/01/2044 | 0.07% |
PR INFRA-RF-C 05.5000 07/01/2026 | 0.06% |
MT BRD HSG-A2-SFH-AMT 03.0000 12/01/2043 | 0.06% |
AZ INDL DEV-A-REF P/P 144A 04.0000 07/01/2021 | 0.06% |
PHOENIX INDL DEV AUTH 03.7500 07/01/2024 | 0.02% |
MMD AAA R SP 0.0 03/11/21 BA | 0.00% |
MMD AAA R SP 0.0 03/17/21 CI | 0.00% |
CA INFRA ECON DEV-A P/P 144A 00.4500 01/01/2050 | 3.22% |
---|---|
SC TRANSPRTN-2003B 00.5540 10/01/2031 | 3.20% |
CA CO CA TOBACCO-A 05.0000 06/01/2023 | 2.46% |
HOUSTON TX ISD-REF 04.0000 06/01/2029 | 2.34% |
WA HLTH CARE-C-VAR 01.1500 01/01/2042 | 2.17% |
LOUISVILLE & JEFFERSO 01.8500 10/01/2033 | 2.16% |
CALIFORNIA ST-B-INDEX 00.8670 12/01/2031 | 2.15% |
MURRAY CITY HSP-VAR-A 00.0300 05/15/2037 | 2.15% |
NYC ADJ-SER I-SUB I-8 00.0300 04/01/2036 | 2.15% |
NYC WTR-A-1-DD-2ND GE 00.0300 06/15/2043 | 2.15% |
JACKSONVL PORT-REF 04.5000 11/01/2032 | 1.97% |
MAIN ST GAS-B-VAR 00.8540 04/01/2048 | 1.72% |
NEW YORK ST HSG FIN A 01.6250 05/01/2023 | 1.64% |
CA ST MUNI FIN AUTH-A 05.0000 05/15/2023 | 1.56% |
NJ TRANSPRTN AUTH-AA 05.2500 06/15/2030 | 1.52% |
CLARK CNTY BD BK 03.0000 11/01/2035 | 1.45% |
OHIO HGR ED-DAYTON UN 02.7910 12/01/2021 | 1.44% |
DETROIT 05.0000 04/01/2025 | 1.40% |
CONNECTICUT ST HSG FI 03.0000 05/15/2024 | 1.36% |
OAKLAND PORT-H-REF 05.0000 05/01/2028 | 1.36% |
PITTSBURGH WTR SWR-C 00.7600 09/01/2040 | 1.34% |
E-470 CO PUBLIC HIGHW 05.0000 09/01/2026 | 1.34% |
KANSAS CITY MO INDL D 05.0000 03/01/2026 | 1.30% |
PORT OF OAKLAND CA 01.1810 05/01/2025 | 1.29% |
MI FIN AUTHORITY 00.6000 10/15/2038 | 1.29% |
ILLINOIS FIN AUTH-B-1 05.0000 05/15/2050 | 1.23% |
NC TURNPIKE AUTH-BANS 05.0000 02/01/2024 | 1.22% |
CA MUNI FIN-A-SENIOR 05.0000 08/15/2023 | 1.21% |
PALOMAR CMNTY CLG DT 05.0000 05/01/2023 | 1.20% |
CLARK CO SD -A 03.0000 06/15/2025 | 1.19% |
ILLINOIS ST 05.0000 10/01/2024 | 1.16% |
ALBANY RES CORP-A-REF 05.0000 05/01/2022 | 1.12% |
PORT AUTH NY & NJ-AMT 05.0000 09/01/2021 | 1.11% |
LONG ISLAND NY PWR AU 01.6500 09/01/2049 | 1.11% |
ALABAMA ST SPL CARE F 01.8500 11/15/2046 | 1.11% |
LONG BEACH-C 04.0000 07/15/2021 | 1.10% |
MAIN STREET NATURAL-A 05.0000 05/15/2021 | 1.10% |
NJ ECON DEV AUTH -B - 01.2000 11/01/2034 | 1.09% |
MET TRANSPRTN-B2 05.0000 05/15/2021 | 1.09% |
LONG ISLAND NY PWR AU 00.8500 09/01/2050 | 1.08% |
LYNDHURST TWP NJ 02.0000 05/06/2021 | 1.08% |
CA INFRA & ECON DEV-A 00.4380 10/01/2047 | 1.08% |
E-470-A-SR-LIBOR 00.5180 09/01/2039 | 1.07% |
VIRGINIA ST CLG BLDG 05.0000 09/01/2022 | 1.05% |
IL FIN AUTH-VAR-REF 00.6050 11/01/2034 | 1.05% |
CALIFORNIA ST PUBLIC 05.0000 03/01/2023 | 1.01% |
ILLINOIS ST-D 05.0000 11/01/2021 | 0.99% |
NY DORM AUTH-A 05.0000 02/15/2023 | 0.95% |
GEISINGER PA AUTH HLT 05.0000 04/01/2043 | 0.92% |
LOUISIANA ST OFFSHORE 01.6500 09/01/2033 | 0.86% |
SAN DIEGO PUB FACS-A 05.0000 05/15/2029 | 0.80% |
SAN BERNARDIO OBLG-C 00.3850 08/01/2023 | 0.80% |
PORT OF SEATTLE-C 05.0000 05/01/2024 | 0.77% |
DIST OF COLUMBIA- REV 05.0000 07/01/2027 | 0.77% |
MICHIGAN ST HOSP FIN 01.9000 11/15/2047 | 0.77% |
LITTLE ELM INDEP SCH 05.0000 08/15/2022 | 0.71% |
CENTRL TX REGL-A-REF 05.0000 01/01/2022 | 0.68% |
NY ST URBAN DEV CORP 05.0000 03/15/2022 | 0.67% |
AKRON ETC JT TWP HOSP 05.0000 11/15/2025 | 0.65% |
BURKE DEV AUTH-A 01.5000 01/01/2040 | 0.65% |
KING CNTY WA SWR REVE 02.6000 01/01/2043 | 0.65% |
VA SMALL BUS FIN-A 05.0000 01/01/2025 | 0.63% |
PORT AUTH OF NEW YORK 05.0000 05/01/2023 | 0.61% |
TEXAS MUNI PWR AGY 05.0000 09/01/2047 | 0.59% |
NYC-E 05.2500 08/01/2022 | 0.58% |
NEW YORK TRANSPRTN-A 05.0000 12/01/2025 | 0.57% |
CA PUB WKS BRD-E 05.0000 06/01/2023 | 0.56% |
FONTANA CFD 85 03.0000 09/01/2023 | 0.56% |
CHICAGO-A-REF 05.0000 01/01/2022 | 0.55% |
HAWAII ST HARBOR SYS 00.9000 07/01/2023 | 0.54% |
CT ST HSG FIN AUTH-G 02.7500 05/15/2026 | 0.52% |
NY ST DORM AUTH-E-REF 05.0000 03/15/2023 | 0.50% |
IL ST-REF 04.0000 08/01/2025 | 0.49% |
MS BUSINESS FIN-REF 02.5000 04/01/2022 | 0.49% |
AKRON ETC JT TWP HOSP 05.0000 11/15/2027 | 0.48% |
ALLEGHENY HOSP DEV-A 05.0000 04/01/2022 | 0.46% |
CHICAGO WSTWTR-2ND 05.0000 01/01/2023 | 0.45% |
PA TURNPIKE COMM-REF 05.0000 12/01/2021 | 0.45% |
BURKE CNTY DEV AUTH 02.5000 01/01/2052 | 0.43% |
CHICAGO-A-REF 05.0000 01/01/2021 | 0.43% |
CA INFRA & ECON DEV-D 00.4870 08/01/2047 | 0.43% |
FREDERICK CO -REV 02.6250 07/01/2024 | 0.43% |
NM HOSP EQUIP-C 02.2500 07/01/2023 | 0.43% |
FL ST DEV FIN CORP-A 05.0000 04/01/2029 | 0.41% |
CONNECTICUT ST -A-REV 05.0000 05/01/2025 | 0.39% |
MILAN MI AREA SCHS 05.0000 05/01/2021 | 0.38% |
NYC HSG DEV MFH-B1B 02.1000 11/01/2058 | 0.37% |
VA SMALL BUS FIN-A 05.0000 01/01/2024 | 0.36% |
CALIFORNIA ST 05.0000 03/01/2023 | 0.36% |
BLACK BELT ENERGY GAS 04.0000 08/01/2047 | 0.34% |
HIGH PLAINS CO MET DI 04.0000 12/01/2021 | 0.33% |
FARMINGTON -F -REF 01.2000 06/01/2040 | 0.32% |
ILLINOIS ST 05.0000 01/01/2021 | 0.32% |
BETHLEHAM SD-FLTR 00.5900 01/01/2030 | 0.32% |
NJ TURNPIKE AUTH-C5 00.5680 01/01/2028 | 0.32% |
TX SFM-NON AMT-A 05.2500 09/01/2028 | 0.28% |
CALIFORNIA ST MUNI FI 00.7000 12/01/2044 | 0.27% |
ST PUB SCH BLDG-A 05.0000 06/01/2023 | 0.24% |
DIST OF COLUMBIA REV 05.0000 07/01/2023 | 0.24% |
PR BLDG REF-SER L-NAT 05.5000 07/01/2021 | 0.24% |
CA SCH FIN AUTH 05.0000 06/01/2022 | 0.23% |
SAN JUAN SD-REF-B 05.0000 08/01/2023 | 0.23% |
LAS VEGAS REDEV-REF 05.0000 06/15/2022 | 0.23% |
NTHRN IL UNIV -B 05.0000 04/01/2022 | 0.23% |
RI HLTH & EDUCTNL-REF 05.0000 05/15/2022 | 0.23% |
NEW JERSEY ST ECON DE 05.0000 11/01/2021 | 0.22% |
UNIV OF COLORADO CO H 05.0000 11/15/2038 | 0.22% |
CHICAGO BOE-E-REF 05.0000 12/01/2021 | 0.22% |
CALIFORNIA SCH FIN- A 05.0000 08/01/2021 | 0.22% |
FARMINGTON NM POLL CO 02.1250 06/01/2040 | 0.22% |
GLENDALE INDL DEV-REF 04.0000 05/15/2022 | 0.22% |
ST JOHN BAPTIST-B1 02.1250 06/01/2037 | 0.22% |
NTHRN IL UNIV -B 05.0000 04/01/2021 | 0.22% |
ILLINOIS ST-A 05.0000 04/01/2021 | 0.22% |
WASHINGTON ST HLTH CA 01.1960 01/01/2042 | 0.22% |
TREASURY BILL 00.0000 12/08/2020 | 0.22% |
SA ENERGY ACQ PUB FAC 05.5000 08/01/2025 | 0.20% |
ILLINOIS ST FIN AUTH 05.0000 11/01/2023 | 0.18% |
MN HSG FIN AGY-A-RSDL 04.0000 07/01/2038 | 0.16% |
PR HWY/TRN-CC-REF-AGM 05.5000 07/01/2029 | 0.14% |
SC PUB SVC AUTH-D 05.0000 12/01/2022 | 0.12% |
SC PUB SVC AUTH-D 05.0000 12/01/2022 | 0.12% |
LOWELL COLLEGIATE 04.0000 06/15/2024 | 0.11% |
CHICAGO-A-REF 05.0000 01/01/2021 | 0.11% |
MA HSG FIN AGY-169 04.0000 12/01/2044 | 0.10% |
SOUTHLANDS CO MET DT 03.0000 12/01/2022 | 0.08% |
PR INFRA-RF-C 05.5000 07/01/2026 | 0.06% |
MT BRD HSG-A2-SFH-AMT 03.0000 12/01/2043 | 0.06% |
AZ INDL DEV-A-REF P/P 144A 04.0000 07/01/2021 | 0.05% |
PHOENIX INDL DEV AUTH 03.7500 07/01/2024 | 0.02% |
MMD AAA R SP 0.0 12/15/20 MS | 0.02% |
CA INFRA ECON DEV-A 144A 00.4500 01/01/2050 | 3.16% |
---|---|
SC TRANSPRTN-2003B 00.5500 10/01/2031 | 3.13% |
HOUSTON TX ISD-REF 04.0000 06/01/2029 | 2.29% |
WA HLTH CARE-C-VAR 01.1700 01/01/2042 | 2.13% |
LOUISVILLE & JEFFERSO 01.8500 10/01/2033 | 2.12% |
CALIFORNIA ST-B-INDEX 00.8640 12/01/2031 | 2.11% |
MO H/E VAR-WA UNIV-D 00.0900 09/01/2030 | 2.11% |
MURRAY CITY HSP-VAR-A 00.0600 05/15/2037 | 2.11% |
NYC ADJ-SER I-SUB I-8 00.0500 04/01/2036 | 2.11% |
JACKSONVL PORT-REF 04.5000 11/01/2032 | 1.93% |
MAIN ST GAS-B-VAR 00.8500 04/01/2048 | 1.68% |
NEW YORK ST HSG FIN A 01.6250 05/01/2023 | 1.61% |
CA ST MUNI FIN AUTH-A 05.0000 05/15/2023 | 1.52% |
NJ TRANSPRTN AUTH-AA 05.2500 06/15/2030 | 1.47% |
CLARK CNTY BD BK 03.0000 11/01/2035 | 1.42% |
OHIO HGR ED-DAYTON UN 02.7910 12/01/2021 | 1.41% |
DETROIT 05.0000 04/01/2025 | 1.37% |
CONNECTICUT ST HSG FI 03.0000 05/15/2024 | 1.33% |
E-470 CO PUBLIC HIGHW 05.0000 09/01/2026 | 1.31% |
MI FIN AUTHORITY 00.6200 10/15/2038 | 1.26% |
KANSAS CITY MO INDL D 05.0000 03/01/2026 | 1.26% |
ILLINOIS FIN AUTH-B-1 05.0000 05/15/2050 | 1.21% |
NC TURNPIKE AUTH-BANS 05.0000 02/01/2024 | 1.19% |
CA MUNI FIN-A-SENIOR 05.0000 08/15/2023 | 1.18% |
PALOMAR CMNTY CLG DT 05.0000 05/01/2023 | 1.18% |
CLARK CO SD -A 03.0000 06/15/2025 | 1.16% |
ILLINOIS ST 05.0000 10/01/2024 | 1.14% |
ALBANY RES CORP-A-REF 05.0000 05/01/2022 | 1.10% |
PORT AUTH NY & NJ-AMT 05.0000 09/01/2021 | 1.09% |
LONG ISLAND NY PWR AU 01.6500 09/01/2049 | 1.08% |
ALABAMA ST SPL CARE F 01.8500 11/15/2046 | 1.08% |
LONG BEACH-C 04.0000 07/15/2021 | 1.08% |
MAIN STREET NATURAL-A 05.0000 05/15/2021 | 1.08% |
NJ ECON DEV AUTH -B - 01.2000 11/01/2034 | 1.07% |
LYNDHURST TWP NJ 02.0000 05/06/2021 | 1.06% |
MET TRANSPRTN-B2 05.0000 05/15/2021 | 1.06% |
LONG ISLAND NY PWR AU 00.8500 09/01/2050 | 1.06% |
CA INFRA & ECON DEV-A 00.4340 10/01/2047 | 1.05% |
E-470-A-SR-LIBOR 00.5200 09/01/2039 | 1.05% |
VIRGINIA ST CLG BLDG 05.0000 09/01/2022 | 1.03% |
IL FIN AUTH-VAR-REF 00.6010 11/01/2034 | 1.02% |
CALIFORNIA ST PUBLIC 05.0000 03/01/2023 | 0.99% |
ILLINOIS ST-D 05.0000 11/01/2021 | 0.97% |
NY DORM AUTH-A 05.0000 02/15/2023 | 0.93% |
GEISINGER PA AUTH HLT 05.0000 04/01/2043 | 0.90% |
LOUISIANA ST OFFSHORE 01.6500 09/01/2033 | 0.84% |
SAN DIEGO PUB FACS-A 05.0000 05/15/2029 | 0.78% |
SAN BERNARDIO OBLG-C 00.3790 08/01/2023 | 0.78% |
PORT OF SEATTLE-C 05.0000 05/01/2024 | 0.76% |
MICHIGAN ST HOSP FIN 01.9000 11/15/2047 | 0.75% |
DIST OF COLUMBIA- REV 05.0000 07/01/2027 | 0.74% |
LITTLE ELM INDEP SCH 05.0000 08/15/2022 | 0.70% |
CENTRL TX REGL-A-REF 05.0000 01/01/2022 | 0.66% |
NY ST URBAN DEV CORP 05.0000 03/15/2022 | 0.66% |
BURKE DEV AUTH-A 01.5000 01/01/2040 | 0.64% |
AKRON ETC JT TWP HOSP 05.0000 11/15/2025 | 0.64% |
KING CNTY WA SWR REVE 02.6000 01/01/2043 | 0.64% |
VA SMALL BUS FIN-A 05.0000 01/01/2025 | 0.61% |
PORT AUTH OF NEW YORK 05.0000 05/01/2023 | 0.60% |
TEXAS MUNI PWR AGY 05.0000 09/01/2047 | 0.58% |
NYC-E 05.2500 08/01/2022 | 0.57% |
CA PUB WKS BRD-E 05.0000 06/01/2023 | 0.55% |
FONTANA CFD 85 03.0000 09/01/2023 | 0.55% |
CHICAGO-A-REF 05.0000 01/01/2022 | 0.54% |
CT ST HSG FIN AUTH-G 02.7500 05/15/2026 | 0.51% |
NY ST DORM AUTH-E-REF 05.0000 03/15/2023 | 0.49% |
IL ST-REF 04.0000 08/01/2025 | 0.48% |
MS BUSINESS FIN-REF 02.5000 04/01/2022 | 0.48% |
AKRON ETC JT TWP HOSP 05.0000 11/15/2027 | 0.46% |
ALLEGHENY HOSP DEV-A 05.0000 04/01/2022 | 0.45% |
PA TURNPIKE COMM-REF 05.0000 12/01/2021 | 0.44% |
CHICAGO WSTWTR-2ND 05.0000 01/01/2023 | 0.44% |
BURKE CNTY DEV AUTH 02.5000 01/01/2052 | 0.42% |
CHICAGO-A-REF 05.0000 01/01/2021 | 0.42% |
STHRN CA ST PUB PWR-A 02.2500 07/01/2040 | 0.42% |
CA INFRA & ECON DEV-D 00.4860 08/01/2047 | 0.42% |
FREDERICK CO -REV 02.6250 07/01/2024 | 0.42% |
NM HOSP EQUIP-C 02.2500 07/01/2023 | 0.41% |
FL ST DEV FIN CORP-A 05.0000 04/01/2029 | 0.39% |
CONNECTICUT ST -A-REV 05.0000 05/01/2025 | 0.38% |
MILAN MI AREA SCHS 05.0000 05/01/2021 | 0.38% |
NYC HSG DEV MFH-B1B 02.1000 11/01/2058 | 0.36% |
VA SMALL BUS FIN-A 05.0000 01/01/2024 | 0.36% |
CALIFORNIA ST 05.0000 03/01/2023 | 0.35% |
BLACK BELT ENERGY GAS 04.0000 08/01/2047 | 0.33% |
HIGH PLAINS CO MET DI 04.0000 12/01/2021 | 0.33% |
ILLINOIS ST 05.0000 01/01/2021 | 0.32% |
FARMINGTON -F -REF 01.2000 06/01/2040 | 0.32% |
NJ TURNPIKE AUTH-C5 00.5640 01/01/2028 | 0.32% |
BETHLEHAM SD-FLTR 00.5910 01/01/2030 | 0.32% |
TX SFM-NON AMT-A 05.2500 09/01/2028 | 0.31% |
CALIFORNIA ST MUNI FI 02.0000 12/01/2044 | 0.26% |
PR BLDG REF-SER L-NAT 05.5000 07/01/2021 | 0.23% |
ST PUB SCH BLDG-A 05.0000 06/01/2023 | 0.23% |
DIST OF COLUMBIA REV 05.0000 07/01/2023 | 0.23% |
CA SCH FIN AUTH 05.0000 06/01/2022 | 0.23% |
SAN JUAN SD-REF-B 05.0000 08/01/2023 | 0.23% |
LAS VEGAS REDEV-REF 05.0000 06/15/2022 | 0.22% |
NTHRN IL UNIV -B 05.0000 04/01/2022 | 0.22% |
RI HLTH & EDUCTNL-REF 05.0000 05/15/2022 | 0.22% |
NEW JERSEY ST ECON DE 05.0000 11/01/2021 | 0.22% |
UNIV OF COLORADO CO H 05.0000 11/15/2038 | 0.22% |
CHICAGO BOE-E-REF 05.0000 12/01/2021 | 0.22% |
CALIFORNIA SCH FIN- A 05.0000 08/01/2021 | 0.22% |
GLENDALE INDL DEV-REF 04.0000 05/15/2022 | 0.22% |
FARMINGTON NM POLL CO 02.1250 06/01/2040 | 0.22% |
ILLINOIS ST-A 05.0000 04/01/2021 | 0.21% |
NTHRN IL UNIV -B 05.0000 04/01/2021 | 0.21% |
ST JOHN BAPTIST-B1 02.1250 06/01/2037 | 0.21% |
TREASURY BILL 00.0000 12/08/2020 | 0.21% |
WASHINGTON ST HLTH CA 01.1970 01/01/2042 | 0.21% |
SA ENERGY ACQ PUB FAC 05.5000 08/01/2025 | 0.19% |
ILLINOIS ST FIN AUTH 05.0000 11/01/2023 | 0.17% |
MN HSG FIN AGY-A-RSDL 04.0000 07/01/2038 | 0.16% |
PR HWY/TRN-CC-REF-AGM 05.5000 07/01/2029 | 0.13% |
SOUTHLANDS CO MET DT 03.0000 12/01/2022 | 0.13% |
SC PUB SVC AUTH-D 05.0000 12/01/2022 | 0.11% |
SC PUB SVC AUTH-D 05.0000 12/01/2022 | 0.11% |
LOWELL COLLEGIATE 04.0000 06/15/2024 | 0.11% |
CHICAGO-A-REF 05.0000 01/01/2021 | 0.11% |
MA HSG FIN AGY-169 04.0000 12/01/2044 | 0.10% |
MT BRD HSG-A2-SFH-AMT 03.0000 12/01/2043 | 0.06% |
PR INFRA-RF-C 05.5000 07/01/2026 | 0.06% |
AZ INDL DEV-A-REF P/P 144A 04.0000 07/01/2021 | 0.05% |
PHOENIX INDL DEV AUTH 03.7500 07/01/2024 | 0.02% |
MMD AAA R SP 0.0 11/10/20 CI | -0.01% |
MMD AAA R SP 0.0 12/15/20 MS | -0.01% |
US 10YR ULTRA FUT DEC20 UXYZ0 | -0.99% |
Portfolio composition as of 01/31/21
Municipal bonds and notes | 92.36% |
---|---|
Cash and net other assets | 7.64% |
Fixed income statistics as of 01/31/21
Average stated maturity | 11.57 yrs. |
---|---|
Average effective maturity | 2.08 yrs. |
Option adjusted duration | 1.93 yrs. |
Duration to worst | 1.93 yrs. |
Average yield to maturity | 0.90% |
Average coupon | 3.00% |
AMT exposure | 12.27% |
Quality rating as of 01/31/21
AAA | 8.62% |
---|---|
AA | 28.40% |
A | 35.61% |
BBB | 15.79% |
BB | 1.71% |
CCC and Below | 0.06% |
Not Rated | 2.17% |
Cash and net other assets | 7.64% |
Fund characteristics will vary over time.
Due to rounding, percentages may not equal 100%.
Consider these risks before investing: The value of investments in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund's portfolio holdings. Bond investments are subject to interest-rate risk (the risk of bond prices falling if interest rates rise) and credit risk (the risk of an issuer defaulting on interest or principal payments). Interest-rate risk is greater for longer-term bonds, and credit risk is greater for below-investment-grade bonds. Interest the fund receives might be taxable. Unlike bonds, funds that invest in bonds have fees and expenses. Tax-exempt bonds may be issued under the Internal Revenue Code only by limited types of issuers for limited types of projects. As a result, the fund's investments may be focused in certain market segments and be more vulnerable to fluctuations in the values of the securities it holds than a more broadly invested fund. Capital gains, if any, are taxed at the federal and, in most cases, state levels. For some investors, investment income may be subject to the federal alternative minimum tax. Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund's other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund.
Credit qualities are shown as a percentage of net assets. A bond rated BBB or higher (SP-3 or higher, for short-term debt) is considered investment grade. This chart reflects the highest security rating provided by one or more of Standard & Poor's, Moody's, and Fitch. Ratings may vary over time. Cash and net other assets, if any, represent the market value weights of cash, derivatives, and short-term securities in the portfolio. The fund itself has not been rated by an independent rating agency.
Top industry sectors as of 01/31/21
Transportation | 14.36% |
---|---|
Local Debt | 12.20% |
Health care | 11.75% |
State Debt | 10.17% |
Utilities | 9.92% |
Cash and net other assets | 7.64% |
Education | 7.52% |
Other | 6.20% |
Housing | 5.30% |
Other | 14.94% |
0
Sectors will vary over time.
Expenses
Expense ratio |
Class A | Class B | Class C | Class R6 | Class Y |
---|---|---|---|---|---|
Total expense ratio | 1.38% | 1.58% | 2.13% | 1.11% | 1.13% |
What you pay† | 0.60% | 0.80% | 1.35% | 0.33% | 0.35% |
† 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 03/30/21
Sales charge
Investment Breakpoint | Class A | Class B | Class C | Class R6 | Class Y |
---|---|---|---|---|---|
$0-$49,999 | 2.25% | 0.00% | 0.00% | -- | -- |
$50,000-$99,999 | 2.25% | 0.00% | 0.00% | -- | -- |
$100,000-$249,999 | 1.25% | -- | 0.00% | -- | -- |
$250,000-$499,999 | 0.00% | -- | -- | -- | -- |
$500,000-$999,999 | 0.00% | -- | -- | -- | -- |
$1M-$4M | 0.00% | -- | -- | -- | -- |
$4M-$50M | 0.00% | -- | -- | -- | -- |
$50M+ | 0.00% | -- | -- | -- | -- |
CDSC
Class A (sales for $250,000+) | Class B | Class C | Class R6 | Class Y | |
---|---|---|---|---|---|
0 to 9 mts. | 1.00% | 1.00% | 1.00% | -- | -- |
9 to 12 mts. | 0.00% | 1.00% | 1.00% | -- | -- |
2 yrs. | -- | 0.50% | 0.00% | -- | -- |
3 yrs. | -- | -- | 0.00% | -- | -- |
4 yrs. | -- | -- | 0.00% | -- | -- |
5 yrs. | -- | -- | 0.00% | -- | -- |
6 yrs. | -- | -- | 0.00% | -- | -- |
7+ yrs. | -- | -- | 0.00% | -- | -- |
The Bloomberg Barclays 3-year Municipal Index is a subset of the Bloomberg Barclays Municipal Bond Index, covering those issues with remaining maturities of two to three years. You cannot invest directly in an index.
Consider these risks before investing: The value of investments in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund's portfolio holdings. Bond investments are subject to interest-rate risk (the risk of bond prices falling if interest rates rise) and credit risk (the risk of an issuer defaulting on interest or principal payments). Interest-rate risk is greater for longer-term bonds, and credit risk is greater for below-investment-grade bonds. Interest the fund receives might be taxable. Unlike bonds, funds that invest in bonds have fees and expenses. Tax-exempt bonds may be issued under the Internal Revenue Code only by limited types of issuers for limited types of projects. As a result, the fund's investments may be focused in certain market segments and be more vulnerable to fluctuations in the values of the securities it holds than a more broadly invested fund. Capital gains, if any, are taxed at the federal and, in most cases, state levels. For some investors, investment income may be subject to the federal alternative minimum tax. Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund's other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund.
Credit qualities are shown as a percentage of net assets. A bond rated BBB or higher (SP-3 or higher, for short-term debt) is considered investment grade. This chart reflects the highest security rating provided by one or more of Standard & Poor's, Moody's, and Fitch. Ratings may vary over time. Cash and net other assets, if any, represent the market value weights of cash, derivatives, and short-term securities in the portfolio. The fund itself has not been rated by an independent rating agency.