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, and Putnam Fixed Income Absolute Return 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 and assets |
Yesterday’s close | 52-week high | 52-week low | Net assets and outstanding shares |
---|---|---|---|---|
Net asset value |
$9.72
-0.10% | $-0.01 |
$10.21
08/09/21 |
$9.72
05/17/22 |
Download CSV |
Fund facts as of 04/30/22
$51.11M
54%
Monthly
131
November
74676A824 / 1880
03/18/13
Tax-free Income
PSMYX
Literature
Fund documents |
Prospectuses/SAI |
Fact Sheet (R6 share) (PDF) |
Fact Sheet (YA share) (PDF) |
Annual Fund Report (PDF) |
Semiannual Fund Report (PDF) |
U.S. households and asset prices are at tipping point as Fed lifts rates
In a supply-constrained world, reducing asset prices may be the only way for central banks to bring demand and inflation lower.Bond market swings mirror investor unease
The first quarter was a challenging time for global financial markets.China sets ambitious growth target despite new lockdowns
China boosts fiscal spending to support its growth target in 2022 amid lockdowns in Shanghai and other cities.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.
1.96%
Best 5-year annualized return
(for period ending 12/31/21)
0.73%
Worst 5-year annualized return
(for period ending 03/31/18)
1.37%
Average 5-year annualized return
Total return (%) as of 03/31/22
Annual performance as of 03/31/22
Annualized Total return (%) as of 03/31/22
Annualized performance | 1 yr. | 3 yrs. | 5 yrs. | Life (inception: 03/18/13 ) |
---|---|---|---|---|
Before sales charge | -1.67% | 0.93% | 1.31% | 1.02% |
After sales charge | N/A | N/A | N/A | N/A |
Bloomberg 3-year Municipal Index | -3.31% | 0.66% | 1.08% | -- |
Performance snapshot
Before sales charge | After sales charge | ||
---|---|---|---|
1 mt. as of 04/30/22 | -0.83% | - | |
YTD as of 05/17/22 | -3.66% | - | |
Yield
Distribution rate before sales charge as of 05/17/22 |
1.27% |
---|---|
Distribution rate after sales charge as of 05/17/22 |
1.27% |
30-day SEC yield with subsidy as of 04/30/22 |
1.55% |
30-day SEC yield without subsidy as of 04/30/22 |
1.23% |
Risk-adjusted performance as of 04/30/22
Sharpe ratio (3 yrs.) | 0.00 |
---|---|
Information ratio (3 yrs.) | 0.34 |
Volatility as of 04/30/22
Standard deviation (3 yrs.) | 1.70% |
---|---|
Beta | 0.71 |
R-squared | 0.89 |
Fixed income statistics as of 04/30/22
Duration to worst | 1.89 yrs. |
---|
Lipper rankings as of 04/30/22
Time period | Rank/Funds in category | Percentile ranking |
---|---|---|
1 yr. | 52/139 | 38% |
3 yrs. | 9/127 | 8% |
5 yrs. | 7/106 | 7% |
10 yrs. | -- |
Morningstar Ratings™ as of 04/30/22
Time period | Funds in category | Morningstar Rating™ |
---|---|---|
Overall | 208 | |
3 yrs. | 208 | |
5 yrs. | 180 |
Distributions
Accrual days | 31 |
---|---|
Accrual start date | 04/01/22 |
Accrual end date | 05/01/22 |
Payable date | 04/29/22 |
Non-taxable income | $0.007814983 |
Extra taxable income | -- |
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
Hempstead Ny Union-A 01.0000 06/30/2022 | 2.96% |
---|---|
Seattle-Muni Light-B 00.8500 05/01/2045 | 2.91% |
Newark-C 01.2500 07/25/2022 | 2.37% |
Fl Muni Pwr Agy-B-Ref 05.0000 10/01/2027 | 2.27% |
Kansas City Arpt-B 05.0000 03/01/2027 | 2.12% |
Ca Co Ca Tobacco-A 05.0000 06/01/2023 | 2.09% |
Alachua Hlth Facs-Ref 08.0000 10/01/2042 | 2.04% |
Dallas -Rev -Ref 04.0000 08/15/2033 | 2.03% |
La Stadium & Expo Dt 04.0000 07/03/2023 | 2.00% |
Wa Hlth Care-C-Var 01.6500 01/01/2042 | 1.97% |
Top 10 holdings, percent of portfolio | 22.76% |
Top 10 holdings as of 04/30/22 | |
---|---|
Hempstead Ny Union-A 01.0000 06/30/2022 | |
Seattle-Muni Light-B 00.8500 05/01/2045 | |
Newark-C 01.2500 07/25/2022 | |
Fl Muni Pwr Agy-B-Ref 05.0000 10/01/2027 | |
Kansas City Arpt-B 05.0000 03/01/2027 | |
Ca Co Ca Tobacco-A 05.0000 06/01/2023 | |
Alachua Hlth Facs-Ref 08.0000 10/01/2042 | |
Dallas -Rev -Ref 04.0000 08/15/2033 | |
La Stadium & Expo Dt 04.0000 07/03/2023 | |
Wa Hlth Care-C-Var 01.6500 01/01/2042 | |
Holdings represent 22.76% of portfolio |
Top 10 holdings as of 03/31/22 | |
---|---|
Hempstead Ny Union-A 01.0000 06/30/2022 | |
Seattle-Muni Light-B 00.7200 05/01/2045 | |
Newark-C 01.2500 07/25/2022 | |
Fl Muni Pwr Agy-B-Ref 05.0000 10/01/2027 | |
Kansas City Arpt-B 05.0000 03/01/2027 | |
Alachua Hlth Facs-Ref 08.0000 10/01/2042 | |
Ca Co Ca Tobacco-A 05.0000 06/01/2023 | |
Dallas -Rev -Ref 04.0000 08/15/2033 | |
La Stadium & Expo Dt 04.0000 07/03/2023 | |
Wa Hlth Care-C-Var 01.5200 01/01/2042 | |
Holdings represent 24.16% of portfolio |
Top 10 holdings as of 02/28/22 | |
---|---|
Ms Bus-Var-C-Chevron 00.0600 12/01/2030 | |
Nyc Wtr-A-1-Dd-2nd Ge 00.0500 06/15/2043 | |
Hempstead Ny Union-A 01.0000 06/30/2022 | |
Seattle-Muni Light-B 00.4500 05/01/2045 | |
Newark-C 01.2500 07/25/2022 | |
Fl Muni Pwr Agy-B-Ref 05.0000 10/01/2027 | |
Dallas -Rev -Ref 04.0000 08/15/2033 | |
Ca Co Ca Tobacco-A 05.0000 06/01/2023 | |
La Stadium & Expo Dt 04.0000 07/03/2023 | |
Wa Hlth Care-C-Var 01.2500 01/01/2042 | |
Holdings represent 27.06% of portfolio |
Top 10 holdings as of 01/31/22 | |
---|---|
Ms Bus-Var-C-Chevron 00.0700 12/01/2030 | |
Murray City Hsp-Ihc-C 00.0600 05/15/2036 | |
Nyc Wtr-A-1-Dd-2nd Ge 00.1100 06/15/2043 | |
Seattle-Muni Light-B 00.3100 05/01/2045 | |
Hempstead Ny Union-A 01.0000 06/30/2022 | |
Newark-C 01.2500 07/25/2022 | |
Fl Muni Pwr Agy-B-Ref 05.0000 10/01/2027 | |
Dallas -Rev -Ref 04.0000 08/15/2033 | |
Ca Co Ca Tobacco-A 05.0000 06/01/2023 | |
La Stadium & Expo Dt 04.0000 07/03/2023 | |
Holdings represent 29.19% of portfolio |
HEMPSTEAD NY UNION-A 01.0000 06/30/2022 | 2.93% |
---|---|
SEATTLE-MUNI LIGHT-B 00.6900 05/01/2045 | 2.91% |
NEWARK-C 01.2500 07/25/2022 | 2.34% |
FL MUNI PWR AGY-B-REF 05.0000 10/01/2027 | 2.26% |
KANSAS CITY ARPT-B 05.0000 03/01/2027 | 2.11% |
CA CO CA TOBACCO-A 05.0000 06/01/2023 | 2.05% |
ALACHUA HLTH FACS-REF 08.0000 10/01/2042 | 2.04% |
DALLAS -REV -REF 04.0000 08/15/2033 | 2.02% |
LA STADIUM & EXPO DT 04.0000 07/03/2023 | 1.98% |
WA HLTH CARE-C-VAR 01.4900 01/01/2042 | 1.96% |
NYC WTR-A-1-DD-2ND GE 00.2800 06/15/2043 | 1.96% |
MIAMI-DADE CO IDA-B 00.8150 11/01/2048 | 1.95% |
CA ST INFRA-C 00.7900 08/01/2047 | 1.95% |
E-470 PUB HWY AUTH 00.5510 09/01/2039 | 1.92% |
CHARLOTTE ETC HLTH-E 00.2700 01/15/2042 | 1.91% |
FORT BEND ISD -B REF 00.7200 08/01/2051 | 1.78% |
SCRANTON SD-NTS-REF 01.3940 04/01/2031 | 1.74% |
JACKSONVL PORT-REF 04.5000 11/01/2032 | 1.69% |
ILLINOIS ST-A 05.0000 03/01/2024 | 1.62% |
MAIN ST GAS-B-VAR 01.2860 04/01/2048 | 1.56% |
MONROEVILLE FIN-B 05.0000 02/15/2024 | 1.46% |
MET WASH ARPT-A-REF 05.0000 10/01/2028 | 1.45% |
CA ST MUNI FIN AUTH-A 05.0000 05/15/2023 | 1.31% |
NJ TRANSPRTN AUTH-AA 05.2500 06/15/2030 | 1.30% |
DETROIT 05.0000 04/01/2025 | 1.23% |
PITTSBURGH WTR SWR-C 01.0900 09/01/2040 | 1.22% |
CONNECTICUT ST HSG FI 03.0000 05/15/2024 | 1.18% |
DULUTH MN ECON DEV AU 05.0000 06/15/2027 | 1.13% |
FLINT HOSP BLDG-B-REF 04.7500 07/01/2028 | 1.12% |
PORT OF OAKLAND CA 01.1810 05/01/2025 | 1.10% |
LOS ANGELES INTL ARPT 05.0000 05/15/2028 | 1.07% |
OAKLAND PORT-H-REF 05.0000 05/01/2028 | 1.07% |
LOS ANGELES CO REGL 05.0000 12/01/2025 | 1.06% |
KANSAS CITY MO INDL D 05.0000 03/01/2026 | 1.04% |
DT OF COLUMBIA-A-AMT 05.0000 08/31/2025 | 1.03% |
CA MUNI FIN-A-SENIOR 05.0000 08/15/2023 | 1.03% |
ILLINOIS ST 05.0000 10/01/2024 | 1.02% |
ILLINOIS FIN AUTH-B-1 05.0000 05/15/2050 | 1.02% |
NEW YORK ST HSG FIN A 01.6250 05/01/2023 | 1.02% |
COOK CO CLG 508 05.2500 12/01/2030 | 1.00% |
CT HLTH & EDU-L-1 04.0000 07/01/2024 | 1.00% |
ALABAMA ST SPL CARE F 01.8500 11/15/2046 | 0.98% |
ALBANY RES CORP-A-REF 05.0000 05/01/2022 | 0.98% |
OH SLDWST-RF-REPUBLIC 00.9500 11/01/2035 | 0.98% |
NJ ECON DEV AUTH -B - 01.2000 11/01/2034 | 0.97% |
IL FIN AUTH-VAR-REF 01.0440 11/01/2034 | 0.95% |
LONG ISLAND NY PWR AU 00.8500 09/01/2050 | 0.92% |
LOS ANGELES CO REGL 05.0000 12/01/2026 | 0.86% |
LOUISIANA ST OFFSHORE 01.6500 09/01/2033 | 0.77% |
MI FIN AUTH -A-REF 02.3260 06/01/2030 | 0.72% |
KY BOND DEV CORP -A 03.0000 03/01/2024 | 0.65% |
PORT OF SEATTLE-C 05.0000 05/01/2024 | 0.64% |
DIST OF COLUMBIA- REV 05.0000 07/01/2027 | 0.61% |
TEMPLE-A-REV 05.0000 08/01/2023 | 0.59% |
IOWA ST FIN AUTH-AMT 01.5000 01/01/2042 | 0.58% |
AKRON ETC JT TWP HOSP 05.0000 11/15/2025 | 0.53% |
CT ST HLTH & EDUCTNL 05.0000 07/01/2027 | 0.53% |
VA SMALL BUS FIN-A 05.0000 01/01/2025 | 0.51% |
RESTRUCTURED-SER A1 05.2500 07/01/2023 | 0.50% |
SAN BERNARDIO OBLG-C 01.0300 08/01/2023 | 0.49% |
FONTANA CFD 85 03.0000 09/01/2023 | 0.49% |
UTAH INFRASTRUCTURE A 03.0000 10/15/2023 | 0.48% |
HAWAII ST HARBOR SYS 00.9000 07/01/2023 | 0.48% |
UTAH INFRASTRUCTURE A 03.0000 10/15/2026 | 0.47% |
NEW YORK TRANSPRTN-A 05.0000 12/01/2025 | 0.46% |
CT ST HSG FIN AUTH-G 02.7500 05/15/2026 | 0.46% |
CA HLTH FACS-A 04.0000 03/01/2043 | 0.45% |
NJ ECON DEV AUTH-QQQ 05.0000 06/15/2023 | 0.44% |
IL ST-REF 04.0000 08/01/2025 | 0.44% |
MD ST HLTH & HGR EDU 05.0000 06/01/2029 | 0.43% |
IL FIN AUTH -REF-REV 04.0000 10/15/2024 | 0.42% |
NEW YORK ST DORM AUTH 05.0000 07/01/2026 | 0.42% |
FARMINGTON-REV-B-REF 02.1500 04/01/2033 | 0.40% |
IL FIN AUTH -REF-REV 04.0000 10/15/2023 | 0.40% |
NJ ECON DEV AUTH-QQQ 05.0000 06/15/2022 | 0.39% |
CHICAGO WSTWTR-2ND 05.0000 01/01/2023 | 0.39% |
NM HOSP EQUIP-C 02.2500 07/01/2023 | 0.39% |
DULUTH ECON DEV AUTH 03.0000 07/01/2024 | 0.39% |
FREDERICK CO -REV 02.6250 07/01/2024 | 0.39% |
ST JOHNS CO INDL DEV- 04.0000 12/15/2028 | 0.39% |
AKRON ETC JT TWP HOSP 05.0000 11/15/2027 | 0.38% |
LONG ISLAND PWR AUTH 01.5000 09/01/2051 | 0.37% |
NEW YORK ST DORM AUTH 05.0000 07/01/2024 | 0.36% |
KY BOND DEV CORP -A 05.0000 03/01/2027 | 0.34% |
CA ST MUNI FIN-A-REF 04.0000 10/01/2030 | 0.34% |
FL ST DEV FIN CORP-A 05.0000 04/01/2029 | 0.33% |
REGL CO TRANS DT-A 05.0000 07/15/2025 | 0.33% |
VA CLG BLDG-PREREFD 05.0000 09/01/2022 | 0.32% |
CT ST HLTH & EDUCTNL 05.0000 07/01/2025 | 0.31% |
VA SMALL BUS FIN-A 05.0000 01/01/2024 | 0.30% |
WESTMORELAND CNTY PA 04.0000 07/01/2023 | 0.30% |
BLACK BELT ENERGY GAS 04.0000 08/01/2047 | 0.30% |
FARMINGTON -F -REF 01.2000 06/01/2040 | 0.29% |
PLAZA AT NOAH'S ARK 03.0000 05/01/2023 | 0.29% |
NC MED CARE MED CARE 03.0000 03/01/2023 | 0.29% |
MATCHING FUND SPL-A 05.0000 10/01/2025 | 0.25% |
PLAZA AT NOAH'S ARK 03.0000 05/01/2022 | 0.24% |
NYC HSG DEV MFH-B1B 02.1000 11/01/2058 | 0.24% |
ST JOHNS CO INDL DEV- 04.0000 12/15/2022 | 0.22% |
CALIFORNIA ST ENTERPR 05.0000 08/01/2026 | 0.21% |
CA SCH FIN AUTH 05.0000 06/01/2022 | 0.21% |
CALIFORNIA ST ENTERPR 05.0000 08/01/2024 | 0.20% |
REGL CO TRANS DT-A 05.0000 07/15/2024 | 0.20% |
ST PUB SCH BLDG-A 05.0000 06/01/2023 | 0.20% |
NEW YORK ST DORM AUTH 05.0000 07/01/2023 | 0.20% |
DIST OF COLUMBIA REV 05.0000 07/01/2023 | 0.20% |
NJ ST ECO DEV-I 01.9900 09/01/2027 | 0.20% |
SAN JUAN SD-REF-B 05.0000 08/01/2023 | 0.20% |
FARMINGTON NM POLL CO 02.1250 06/01/2040 | 0.20% |
GLENDALE INDL DEV-REF 04.0000 05/15/2022 | 0.20% |
LAS VEGAS REDEV-REF 05.0000 06/15/2022 | 0.20% |
RI HLTH & EDUCTNL-REF 05.0000 05/15/2022 | 0.20% |
WESTMORELAND CNTY PA 04.0000 07/01/2022 | 0.20% |
CHICAGO -REF 01.9900 12/01/2023 | 0.19% |
ST JOHN BAPTIST-B1 02.1250 06/01/2037 | 0.19% |
NEW YORK ST DORM AUTH 05.0000 07/01/2029 | 0.16% |
NEW YORK ST DORM AUTH 05.0000 07/01/2030 | 0.16% |
NEW YORK ST DORM AUTH 05.0000 07/01/2028 | 0.16% |
SA ENERGY ACQ PUB FAC 05.5000 08/01/2025 | 0.16% |
ILLINOIS ST FIN AUTH 05.0000 11/01/2023 | 0.15% |
TX SFM-NON AMT-A 05.2500 09/01/2028 | 0.12% |
PR HWY/TRN-CC-REF-AGM 05.5000 07/01/2029 | 0.12% |
CALIFORNIA ST ENTERPR 05.0000 08/01/2022 | 0.10% |
LOWELL COLLEGIATE 04.0000 06/15/2024 | 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% |
MN HSG FIN AGY-A-RSDL 04.0000 07/01/2038 | 0.08% |
MT BRD HSG-A2-SFH-AMT 03.0000 12/01/2043 | 0.04% |
MA HSG FIN AGY-169 04.0000 12/01/2044 | 0.03% |
CVI-CW/PRIFA RUM 11/01/2051 | 0.01% |
PHOENIX INDL DEV AUTH 03.7500 07/01/2024 | 0.01% |
HEMPSTEAD NY UNION-A 01.0000 06/30/2022 | 3.07% |
---|---|
SEATTLE-MUNI LIGHT-B 00.7600 05/01/2045 | 3.05% |
NEWARK-C 01.2500 07/25/2022 | 2.46% |
FL MUNI PWR AGY-B-REF 05.0000 10/01/2027 | 2.41% |
KANSAS CITY ARPT-B 05.0000 03/01/2027 | 2.27% |
DALLAS -REV -REF 04.0000 08/15/2033 | 2.17% |
CA CO CA TOBACCO-A 05.0000 06/01/2023 | 2.17% |
ALACHUA HLTH FACS-REF 08.0000 10/01/2042 | 2.15% |
LA STADIUM & EXPO DT 04.0000 07/03/2023 | 2.09% |
WA HLTH CARE-C-VAR 01.5600 01/01/2042 | 2.06% |
NYC WTR-A-1-DD-2ND GE 00.1900 06/15/2043 | 2.05% |
CA ST INFRA-C 00.8600 08/01/2047 | 2.04% |
MIAMI-DADE CO IDA-B 00.8850 11/01/2048 | 2.04% |
E-470 PUB HWY AUTH 00.5510 09/01/2039 | 2.04% |
CHARLOTTE ETC HLTH-E 00.1700 01/15/2042 | 2.00% |
FORT BEND ISD -B REF 00.7200 08/01/2051 | 1.90% |
SCRANTON SD-NTS-REF 01.1590 04/01/2031 | 1.82% |
JACKSONVL PORT-REF 04.5000 11/01/2032 | 1.78% |
ILLINOIS ST-A 05.0000 03/01/2024 | 1.72% |
MAIN ST GAS-B-VAR 01.0550 04/01/2048 | 1.64% |
MET WASH ARPT-A-REF 05.0000 10/01/2028 | 1.54% |
CA ST MUNI FIN AUTH-A 05.0000 05/15/2023 | 1.38% |
NJ TRANSPRTN AUTH-AA 05.2500 06/15/2030 | 1.38% |
DETROIT 05.0000 04/01/2025 | 1.30% |
PITTSBURGH WTR SWR-C 01.1600 09/01/2040 | 1.28% |
CONNECTICUT ST HSG FI 03.0000 05/15/2024 | 1.24% |
DULUTH MN ECON DEV AU 05.0000 06/15/2027 | 1.21% |
FLINT HOSP BLDG-B-REF 04.7500 07/01/2028 | 1.18% |
PORT OF OAKLAND CA 01.1810 05/01/2025 | 1.17% |
LOS ANGELES INTL ARPT 05.0000 05/15/2028 | 1.16% |
OAKLAND PORT-H-REF 05.0000 05/01/2028 | 1.16% |
KANSAS CITY MO INDL D 05.0000 03/01/2026 | 1.12% |
ILLINOIS ST 05.0000 10/01/2024 | 1.09% |
CA MUNI FIN-A-SENIOR 05.0000 08/15/2023 | 1.08% |
ILLINOIS FIN AUTH-B-1 05.0000 05/15/2050 | 1.08% |
NEW YORK ST HSG FIN A 01.6250 05/01/2023 | 1.07% |
CT HLTH & EDU-L-1 04.0000 07/01/2024 | 1.06% |
ALBANY RES CORP-A-REF 05.0000 05/01/2022 | 1.03% |
ALABAMA ST SPL CARE F 01.8500 11/15/2046 | 1.03% |
OH SLDWST-RF-REPUBLIC 00.9500 11/01/2035 | 1.02% |
NJ ECON DEV AUTH -B - 01.2000 11/01/2034 | 1.02% |
IL FIN AUTH-VAR-REF 00.8090 11/01/2034 | 0.99% |
LONG ISLAND NY PWR AU 00.8500 09/01/2050 | 0.97% |
LOUISIANA ST OFFSHORE 01.6500 09/01/2033 | 0.82% |
MI FIN AUTH -A-REF 02.3260 06/01/2030 | 0.77% |
KY BOND DEV CORP -A 03.0000 03/01/2024 | 0.69% |
PORT OF SEATTLE-C 05.0000 05/01/2024 | 0.68% |
DIST OF COLUMBIA- REV 05.0000 07/01/2027 | 0.68% |
TEMPLE-A-REV 05.0000 08/01/2023 | 0.62% |
IOWA ST FIN AUTH-AMT 01.5000 01/01/2042 | 0.61% |
CT ST HLTH & EDUCTNL 05.0000 07/01/2027 | 0.57% |
AKRON ETC JT TWP HOSP 05.0000 11/15/2025 | 0.57% |
VA SMALL BUS FIN-A 05.0000 01/01/2025 | 0.55% |
UTAH INFRASTRUCTURE A 03.0000 10/15/2026 | 0.52% |
UTAH INFRASTRUCTURE A 03.0000 10/15/2023 | 0.52% |
FONTANA CFD 85 03.0000 09/01/2023 | 0.52% |
SAN BERNARDIO OBLG-C 00.6850 08/01/2023 | 0.51% |
HAWAII ST HARBOR SYS 00.9000 07/01/2023 | 0.50% |
NEW YORK TRANSPRTN-A 05.0000 12/01/2025 | 0.49% |
CT ST HSG FIN AUTH-G 02.7500 05/15/2026 | 0.48% |
CA HLTH FACS-A 04.0000 03/01/2043 | 0.48% |
IL ST-REF 04.0000 08/01/2025 | 0.47% |
NJ ECON DEV AUTH-QQQ 05.0000 06/15/2023 | 0.47% |
MD ST HLTH & HGR EDU 05.0000 06/01/2029 | 0.46% |
FARMINGTON-REV-B-REF 02.1500 04/01/2033 | 0.45% |
IL FIN AUTH -REF-REV 04.0000 10/15/2024 | 0.45% |
NEW YORK ST DORM AUTH 05.0000 07/01/2026 | 0.44% |
IL FIN AUTH -REF-REV 04.0000 10/15/2023 | 0.43% |
ST JOHNS CO INDL DEV- 04.0000 12/15/2028 | 0.42% |
AKRON ETC JT TWP HOSP 05.0000 11/15/2027 | 0.42% |
NJ ECON DEV AUTH-QQQ 05.0000 06/15/2022 | 0.41% |
DULUTH ECON DEV AUTH 03.0000 07/01/2024 | 0.41% |
CHICAGO WSTWTR-2ND 05.0000 01/01/2023 | 0.41% |
ALLEGHENY HOSP DEV-A 05.0000 04/01/2022 | 0.41% |
NM HOSP EQUIP-C 02.2500 07/01/2023 | 0.41% |
FREDERICK CO -REV 02.6250 07/01/2024 | 0.41% |
LONG ISLAND PWR AUTH 01.5000 09/01/2051 | 0.40% |
NEW YORK ST DORM AUTH 05.0000 07/01/2024 | 0.38% |
KY BOND DEV CORP -A 05.0000 03/01/2027 | 0.36% |
CA ST MUNI FIN-A-REF 04.0000 10/01/2030 | 0.36% |
FL ST DEV FIN CORP-A 05.0000 04/01/2029 | 0.35% |
REGL CO TRANS DT-A 05.0000 07/15/2025 | 0.35% |
VA CLG BLDG-PREREFD 05.0000 09/01/2022 | 0.33% |
CT ST HLTH & EDUCTNL 05.0000 07/01/2025 | 0.33% |
VA SMALL BUS FIN-A 05.0000 01/01/2024 | 0.32% |
WESTMORELAND CNTY PA 04.0000 07/01/2023 | 0.32% |
BLACK BELT ENERGY GAS 04.0000 08/01/2047 | 0.31% |
NC MED CARE MED CARE 03.0000 03/01/2023 | 0.31% |
FARMINGTON -F -REF 01.2000 06/01/2040 | 0.31% |
PLAZA AT NOAH'S ARK 03.0000 05/01/2023 | 0.31% |
NYC HSG DEV MFH-B1B 02.1000 11/01/2058 | 0.26% |
PLAZA AT NOAH'S ARK 03.0000 05/01/2022 | 0.26% |
ST JOHNS CO INDL DEV- 04.0000 12/15/2022 | 0.23% |
CALIFORNIA ST ENTERPR 05.0000 08/01/2026 | 0.23% |
CALIFORNIA ST ENTERPR 05.0000 08/01/2024 | 0.22% |
CA SCH FIN AUTH 05.0000 06/01/2022 | 0.22% |
REGL CO TRANS DT-A 05.0000 07/15/2024 | 0.22% |
ST PUB SCH BLDG-A 05.0000 06/01/2023 | 0.21% |
DIST OF COLUMBIA REV 05.0000 07/01/2023 | 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 | 0.21% |
NJ ST ECO DEV-I 02.0600 09/01/2027 | 0.21% |
RI HLTH & EDUCTNL-REF 05.0000 05/15/2022 | 0.21% |
WESTMORELAND CNTY PA 04.0000 07/01/2022 | 0.21% |
FARMINGTON NM POLL CO 02.1250 06/01/2040 | 0.20% |
GLENDALE INDL DEV-REF 04.0000 05/15/2022 | 0.20% |
NTHRN IL UNIV -B 05.0000 04/01/2022 | 0.20% |
CHICAGO -REF 01.9900 12/01/2023 | 0.20% |
ST JOHN BAPTIST-B1 02.1250 06/01/2037 | 0.20% |
MS BUSINESS FIN-REF 02.5000 04/01/2022 | 0.17% |
NEW YORK ST DORM AUTH 05.0000 07/01/2030 | 0.17% |
NEW YORK ST DORM AUTH 05.0000 07/01/2029 | 0.17% |
NEW YORK ST DORM AUTH 05.0000 07/01/2028 | 0.17% |
SA ENERGY ACQ PUB FAC 05.5000 08/01/2025 | 0.17% |
ILLINOIS ST FIN AUTH 05.0000 11/01/2023 | 0.16% |
TX SFM-NON AMT-A 05.2500 09/01/2028 | 0.12% |
PR HWY/TRN-CC-REF-AGM 05.5000 07/01/2029 | 0.12% |
CALIFORNIA ST ENTERPR 05.0000 08/01/2022 | 0.10% |
LOWELL COLLEGIATE 04.0000 06/15/2024 | 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% |
MN HSG FIN AGY-A-RSDL 04.0000 07/01/2038 | 0.08% |
MT BRD HSG-A2-SFH-AMT 03.0000 12/01/2043 | 0.04% |
MA HSG FIN AGY-169 04.0000 12/01/2044 | 0.03% |
CVI-CW/PRIFA RUM 11/01/2051 | 0.01% |
PHOENIX INDL DEV AUTH 03.7500 07/01/2024 | 0.01% |
MS BUS-VAR-C-CHEVRON 00.0500 12/01/2030 | 3.97% |
---|---|
NYC WTR-A-1-DD-2ND GE 00.0300 06/15/2043 | 3.97% |
SEATTLE-MUNI LIGHT-B 00.4500 05/01/2045 | 2.98% |
HEMPSTEAD NY UNION-A 01.0000 06/30/2022 | 2.98% |
FL MUNI PWR AGY-B-REF 05.0000 10/01/2027 | 2.39% |
NEWARK-C 01.2500 07/25/2022 | 2.39% |
DALLAS -REV -REF 04.0000 08/15/2033 | 2.17% |
CA CO CA TOBACCO-A 05.0000 06/01/2023 | 2.12% |
LA STADIUM & EXPO DT 04.0000 07/03/2023 | 2.04% |
WA HLTH CARE-C-VAR 01.2500 01/01/2042 | 1.99% |
CA ST INFRA-C 00.5500 08/01/2047 | 1.99% |
E-470 PUB HWY AUTH 00.3840 09/01/2039 | 1.98% |
MIAMI-DADE CO IDA-B 00.5750 11/01/2048 | 1.98% |
CHARLOTTE ETC HLTH-E 00.0300 01/15/2042 | 1.94% |
NYC HSG DEV CORP-F-2 00.6000 05/01/2061 | 1.92% |
FORT BEND ISD -B REF 00.7200 08/01/2051 | 1.90% |
SCRANTON SD-NTS-REF 01.0070 04/01/2031 | 1.76% |
JACKSONVL PORT-REF 04.5000 11/01/2032 | 1.73% |
ILLINOIS ST-A 05.0000 03/01/2024 | 1.70% |
MAIN ST GAS-B-VAR 00.9040 04/01/2048 | 1.59% |
MET WASH ARPT-A-REF 05.0000 10/01/2028 | 1.51% |
UNIV CA-AL-4-VAR 00.0100 05/15/2048 | 1.49% |
CA ST MUNI FIN AUTH-A 05.0000 05/15/2023 | 1.35% |
NJ TRANSPRTN AUTH-AA 05.2500 06/15/2030 | 1.35% |
DETROIT 05.0000 04/01/2025 | 1.29% |
PITTSBURGH WTR SWR-C 00.8500 09/01/2040 | 1.25% |
CONNECTICUT ST HSG FI 03.0000 05/15/2024 | 1.22% |
DULUTH MN ECON DEV AU 05.0000 06/15/2027 | 1.21% |
OAKLAND PORT-H-REF 05.0000 05/01/2028 | 1.18% |
SAN FRANCISCO-R1-REF 05.0000 09/01/2023 | 1.18% |
LOS ANGELES INTL ARPT 05.0000 05/15/2028 | 1.17% |
PORT OF OAKLAND CA 01.1810 05/01/2025 | 1.16% |
FLINT HOSP BLDG-B-REF 04.7500 07/01/2028 | 1.15% |
KANSAS CITY MO INDL D 05.0000 03/01/2026 | 1.11% |
ILLINOIS ST 05.0000 10/01/2024 | 1.08% |
ILLINOIS FIN AUTH-B-1 05.0000 05/15/2050 | 1.07% |
CA MUNI FIN-A-SENIOR 05.0000 08/15/2023 | 1.06% |
CT HLTH & EDU-L-1 04.0000 07/01/2024 | 1.05% |
NEW YORK ST HSG FIN A 01.6250 05/01/2023 | 1.04% |
ALABAMA ST SPL CARE F 01.8500 11/15/2046 | 1.00% |
ALBANY RES CORP-A-REF 05.0000 05/01/2022 | 1.00% |
NJ ECON DEV AUTH -B - 01.2000 11/01/2034 | 0.99% |
IL FIN AUTH-VAR-REF 00.6570 11/01/2034 | 0.96% |
LONG ISLAND NY PWR AU 00.8500 09/01/2050 | 0.96% |
CLIFTON HGR EDU FIN-T 05.0000 08/15/2023 | 0.82% |
LOUISIANA ST OFFSHORE 01.6500 09/01/2033 | 0.80% |
MI FIN AUTH -A-REF 02.3260 06/01/2030 | 0.76% |
KY BOND DEV CORP -A 04.0000 03/01/2025 | 0.72% |
DIST OF COLUMBIA- REV 05.0000 07/01/2027 | 0.68% |
KY BOND DEV CORP -A 03.0000 03/01/2024 | 0.68% |
PORT OF SEATTLE-C 05.0000 05/01/2024 | 0.67% |
TEMPLE-A-REV 05.0000 08/01/2023 | 0.61% |
IOWA ST FIN AUTH-AMT 01.5000 01/01/2042 | 0.60% |
CT ST HLTH & EDUCTNL 05.0000 07/01/2027 | 0.57% |
AKRON ETC JT TWP HOSP 05.0000 11/15/2025 | 0.56% |
VA SMALL BUS FIN-A 05.0000 01/01/2025 | 0.54% |
UTAH INFRASTRUCTURE A 03.0000 10/15/2026 | 0.52% |
UTAH INFRASTRUCTURE A 03.0000 10/15/2023 | 0.51% |
FONTANA CFD 85 03.0000 09/01/2023 | 0.50% |
SAN BERNARDIO OBLG-C 00.4610 08/01/2023 | 0.50% |
HAWAII ST HARBOR SYS 00.9000 07/01/2023 | 0.49% |
NEW YORK TRANSPRTN-A 05.0000 12/01/2025 | 0.49% |
MD ST HLTH & HGR EDU 05.0000 06/01/2029 | 0.47% |
CA HLTH FACS-A 04.0000 03/01/2043 | 0.47% |
CT ST HSG FIN AUTH-G 02.7500 05/15/2026 | 0.47% |
FARMINGTON-REV-B-REF 02.1500 04/01/2033 | 0.47% |
NJ ECON DEV AUTH-QQQ 05.0000 06/15/2023 | 0.46% |
IL ST-REF 04.0000 08/01/2025 | 0.45% |
CT ST HLTH & EDUCTNL 05.0000 07/01/2026 | 0.45% |
NEW YORK ST DORM AUTH 05.0000 07/01/2026 | 0.44% |
ST JOHNS CO INDL DEV- 04.0000 12/15/2028 | 0.42% |
AKRON ETC JT TWP HOSP 05.0000 11/15/2027 | 0.42% |
DULUTH ECON DEV AUTH 03.0000 07/01/2024 | 0.40% |
NJ ECON DEV AUTH-QQQ 05.0000 06/15/2022 | 0.40% |
FREDERICK CO -REV 02.6250 07/01/2024 | 0.40% |
ALLEGHENY HOSP DEV-A 05.0000 04/01/2022 | 0.40% |
CHICAGO WSTWTR-2ND 05.0000 01/01/2023 | 0.40% |
NM HOSP EQUIP-C 02.2500 07/01/2023 | 0.40% |
LONG ISLAND PWR AUTH 01.5000 09/01/2051 | 0.39% |
NEW YORK ST DORM AUTH 05.0000 07/01/2024 | 0.37% |
KY BOND DEV CORP -A 05.0000 03/01/2027 | 0.36% |
FL ST DEV FIN CORP-A 05.0000 04/01/2029 | 0.36% |
CA ST MUNI FIN-A-REF 04.0000 10/01/2030 | 0.36% |
REGL CO TRANS DT-A 05.0000 07/15/2025 | 0.35% |
NYC HSG DEV MFH-B1B 02.1000 11/01/2058 | 0.34% |
CT ST HLTH & EDUCTNL 05.0000 07/01/2025 | 0.33% |
VA CLG BLDG-PREREFD 05.0000 09/01/2022 | 0.32% |
VA SMALL BUS FIN-A 05.0000 01/01/2024 | 0.32% |
WESTMORELAND CNTY PA 04.0000 07/01/2023 | 0.31% |
NC MED CARE MED CARE 03.0000 03/01/2023 | 0.30% |
BLACK BELT ENERGY GAS 04.0000 08/01/2047 | 0.30% |
PLAZA AT NOAH'S ARK 03.0000 05/01/2023 | 0.30% |
FARMINGTON -F -REF 01.2000 06/01/2040 | 0.30% |
PLAZA AT NOAH'S ARK 03.0000 05/01/2022 | 0.25% |
CALIFORNIA ST ENTERPR 05.0000 08/01/2026 | 0.23% |
ST JOHNS CO INDL DEV- 04.0000 12/15/2022 | 0.22% |
CALIFORNIA ST ENTERPR 05.0000 08/01/2024 | 0.22% |
REGL CO TRANS DT-A 05.0000 07/15/2024 | 0.21% |
CA SCH FIN AUTH 05.0000 06/01/2022 | 0.21% |
DIST OF COLUMBIA REV 05.0000 07/01/2023 | 0.21% |
NEW YORK ST DORM AUTH 05.0000 07/01/2023 | 0.21% |
ST PUB SCH BLDG-A 05.0000 06/01/2023 | 0.21% |
SAN JUAN SD-REF-B 05.0000 08/01/2023 | 0.20% |
LAS VEGAS REDEV-REF 05.0000 06/15/2022 | 0.20% |
WESTMORELAND CNTY PA 04.0000 07/01/2022 | 0.20% |
NJ ST ECO DEV-I 01.7500 09/01/2027 | 0.20% |
RI HLTH & EDUCTNL-REF 05.0000 05/15/2022 | 0.20% |
ST JOHN BAPTIST-B1 02.1250 06/01/2037 | 0.20% |
CHICAGO -REF 01.9900 12/01/2023 | 0.20% |
FARMINGTON NM POLL CO 02.1250 06/01/2040 | 0.20% |
GLENDALE INDL DEV-REF 04.0000 05/15/2022 | 0.20% |
NTHRN IL UNIV -B 05.0000 04/01/2022 | 0.20% |
WASHINGTON ST HLTH CA 01.2180 01/01/2042 | 0.20% |
NEW YORK ST DORM AUTH 05.0000 07/01/2030 | 0.18% |
NEW YORK ST DORM AUTH 05.0000 07/01/2029 | 0.17% |
NEW YORK ST DORM AUTH 05.0000 07/01/2028 | 0.17% |
MS BUSINESS FIN-REF 02.5000 04/01/2022 | 0.17% |
SA ENERGY ACQ PUB FAC 05.5000 08/01/2025 | 0.17% |
ILLINOIS ST FIN AUTH 05.0000 11/01/2023 | 0.16% |
TX SFM-NON AMT-A 05.2500 09/01/2028 | 0.12% |
PR HWY/TRN-CC-REF-AGM 05.5000 07/01/2029 | 0.12% |
CALIFORNIA ST ENTERPR 05.0000 08/01/2022 | 0.10% |
LOWELL COLLEGIATE 04.0000 06/15/2024 | 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% |
MN HSG FIN AGY-A-RSDL 04.0000 07/01/2038 | 0.09% |
PR INFRA-RF-C 05.5000 07/01/2026 | 0.05% |
MT BRD HSG-A2-SFH-AMT 03.0000 12/01/2043 | 0.04% |
MA HSG FIN AGY-169 04.0000 12/01/2044 | 0.03% |
PHOENIX INDL DEV AUTH 03.7500 07/01/2024 | 0.01% |
MS BUS-VAR-C-CHEVRON 00.0600 12/01/2030 | 3.98% |
---|---|
MURRAY CITY HSP-IHC-C 00.0300 05/15/2036 | 3.98% |
NYC WTR-A-1-DD-2ND GE 00.0500 06/15/2043 | 3.98% |
SEATTLE-MUNI LIGHT-B 00.3600 05/01/2045 | 3.01% |
HEMPSTEAD NY UNION-A 01.0000 06/30/2022 | 2.98% |
FL MUNI PWR AGY-B-REF 05.0000 10/01/2027 | 2.41% |
NEWARK-C 01.2500 07/25/2022 | 2.39% |
DALLAS -REV -REF 04.0000 08/15/2033 | 2.17% |
CA CO CA TOBACCO-A 05.0000 06/01/2023 | 2.15% |
LA STADIUM & EXPO DT 04.0000 07/03/2023 | 2.05% |
WA HLTH CARE-C-VAR 01.1600 01/01/2042 | 2.00% |
CA ST INFRA-C 00.4600 08/01/2047 | 1.99% |
E-470 PUB HWY AUTH 00.3840 09/01/2039 | 1.99% |
MIAMI-DADE CO IDA-B 00.4850 11/01/2048 | 1.98% |
CHARLOTTE ETC HLTH-E 00.0600 01/15/2042 | 1.94% |
NYC HSG DEV CORP-F-2 00.6000 05/01/2061 | 1.92% |
FORT BEND ISD -B REF 00.7200 08/01/2051 | 1.91% |
SCRANTON SD-NTS-REF 00.9220 04/01/2031 | 1.88% |
MARYLAND ST-D-REF 04.0000 08/01/2029 | 1.84% |
JACKSONVL PORT-REF 04.5000 11/01/2032 | 1.74% |
ILLINOIS ST-A 05.0000 03/01/2024 | 1.71% |
MAIN ST GAS-B-VAR 00.8210 04/01/2048 | 1.60% |
UNIV CA-AL-4-VAR 00.0300 05/15/2048 | 1.49% |
NJ TRANSPRTN AUTH-AA 05.2500 06/15/2030 | 1.36% |
CA ST MUNI FIN AUTH-A 05.0000 05/15/2023 | 1.36% |
DETROIT 05.0000 04/01/2025 | 1.30% |
PITTSBURGH WTR SWR-C 00.7600 09/01/2040 | 1.25% |
CONNECTICUT ST HSG FI 03.0000 05/15/2024 | 1.22% |
DULUTH MN ECON DEV AU 05.0000 06/15/2027 | 1.22% |
OAKLAND PORT-H-REF 05.0000 05/01/2028 | 1.19% |
PORT OF OAKLAND CA 01.1810 05/01/2025 | 1.17% |
FLINT HOSP BLDG-B-REF 04.7500 07/01/2028 | 1.16% |
KANSAS CITY MO INDL D 05.0000 03/01/2026 | 1.12% |
ILLINOIS ST 05.0000 10/01/2024 | 1.09% |
ILLINOIS FIN AUTH-B-1 05.0000 05/15/2050 | 1.08% |
CA MUNI FIN-A-SENIOR 05.0000 08/15/2023 | 1.07% |
CT HLTH & EDU-L-1 04.0000 07/01/2024 | 1.06% |
NEW YORK ST HSG FIN A 01.6250 05/01/2023 | 1.04% |
ALBANY RES CORP-A-REF 05.0000 05/01/2022 | 1.00% |
ALABAMA ST SPL CARE F 01.8500 11/15/2046 | 1.00% |
NJ ECON DEV AUTH -B - 01.2000 11/01/2034 | 0.99% |
LONG ISLAND NY PWR AU 00.8500 09/01/2050 | 0.97% |
IL FIN AUTH-VAR-REF 00.5720 11/01/2034 | 0.96% |
LOUISIANA ST OFFSHORE 01.6500 09/01/2033 | 0.80% |
MI FIN AUTH -A-REF 02.3260 06/01/2030 | 0.76% |
KY BOND DEV CORP -A 04.0000 03/01/2025 | 0.73% |
DIST OF COLUMBIA- REV 05.0000 07/01/2027 | 0.69% |
KY BOND DEV CORP -A 03.0000 03/01/2024 | 0.68% |
PORT OF SEATTLE-C 05.0000 05/01/2024 | 0.68% |
TEMPLE-A-REV 05.0000 08/01/2023 | 0.61% |
IOWA ST FIN AUTH-AMT 01.5000 01/01/2042 | 0.60% |
CT ST HLTH & EDUCTNL 05.0000 07/01/2027 | 0.57% |
AKRON ETC JT TWP HOSP 05.0000 11/15/2025 | 0.57% |
VA SMALL BUS FIN-A 05.0000 01/01/2025 | 0.55% |
UTAH INFRASTRUCTURE A 03.0000 10/15/2026 | 0.53% |
UTAH INFRASTRUCTURE A 03.0000 10/15/2023 | 0.51% |
FONTANA CFD 85 03.0000 09/01/2023 | 0.51% |
NEW YORK TRANSPRTN-A 05.0000 12/01/2025 | 0.50% |
SAN BERNARDIO OBLG-C 00.3360 08/01/2023 | 0.49% |
HAWAII ST HARBOR SYS 00.9000 07/01/2023 | 0.49% |
MD ST HLTH & HGR EDU 05.0000 06/01/2029 | 0.48% |
CA HLTH FACS-A 04.0000 03/01/2043 | 0.47% |
FARMINGTON-REV-B-REF 02.1500 04/01/2033 | 0.47% |
CT ST HSG FIN AUTH-G 02.7500 05/15/2026 | 0.47% |
NJ ECON DEV AUTH-QQQ 05.0000 06/15/2023 | 0.46% |
IL ST-REF 04.0000 08/01/2025 | 0.45% |
CT ST HLTH & EDUCTNL 05.0000 07/01/2026 | 0.45% |
NEW YORK ST DORM AUTH 05.0000 07/01/2026 | 0.45% |
ST JOHNS CO INDL DEV- 04.0000 12/15/2028 | 0.43% |
AKRON ETC JT TWP HOSP 05.0000 11/15/2027 | 0.42% |
DULUTH ECON DEV AUTH 03.0000 07/01/2024 | 0.41% |
NJ ECON DEV AUTH-QQQ 05.0000 06/15/2022 | 0.40% |
FREDERICK CO -REV 02.6250 07/01/2024 | 0.40% |
ALLEGHENY HOSP DEV-A 05.0000 04/01/2022 | 0.40% |
CHICAGO WSTWTR-2ND 05.0000 01/01/2023 | 0.40% |
NM HOSP EQUIP-C 02.2500 07/01/2023 | 0.40% |
LONG ISLAND PWR AUTH 01.5000 09/01/2051 | 0.40% |
NEW YORK ST DORM AUTH 05.0000 07/01/2024 | 0.38% |
KY BOND DEV CORP -A 05.0000 03/01/2027 | 0.37% |
FL ST DEV FIN CORP-A 05.0000 04/01/2029 | 0.36% |
CA ST MUNI FIN-A-REF 04.0000 10/01/2030 | 0.36% |
REGL CO TRANS DT-A 05.0000 07/15/2025 | 0.36% |
NYC HSG DEV MFH-B1B 02.1000 11/01/2058 | 0.34% |
CT ST HLTH & EDUCTNL 05.0000 07/01/2025 | 0.33% |
VA CLG BLDG-PREREFD 05.0000 09/01/2022 | 0.33% |
VA SMALL BUS FIN-A 05.0000 01/01/2024 | 0.32% |
WESTMORELAND CNTY PA 04.0000 07/01/2023 | 0.31% |
NC MED CARE MED CARE 03.0000 03/01/2023 | 0.30% |
BLACK BELT ENERGY GAS 04.0000 08/01/2047 | 0.30% |
PLAZA AT NOAH'S ARK 03.0000 05/01/2023 | 0.30% |
FARMINGTON -F -REF 01.2000 06/01/2040 | 0.30% |
PLAZA AT NOAH'S ARK 03.0000 05/01/2022 | 0.25% |
CALIFORNIA ST ENTERPR 05.0000 08/01/2026 | 0.23% |
ST JOHNS CO INDL DEV- 04.0000 12/15/2022 | 0.22% |
CALIFORNIA ST ENTERPR 05.0000 08/01/2024 | 0.22% |
REGL CO TRANS DT-A 05.0000 07/15/2024 | 0.22% |
CA SCH FIN AUTH 05.0000 06/01/2022 | 0.21% |
DIST OF COLUMBIA REV 05.0000 07/01/2023 | 0.21% |
ST PUB SCH BLDG-A 05.0000 06/01/2023 | 0.21% |
NEW YORK ST DORM AUTH 05.0000 07/01/2023 | 0.21% |
SAN JUAN SD-REF-B 05.0000 08/01/2023 | 0.20% |
ST JOHN BAPTIST-B1 02.1250 06/01/2037 | 0.20% |
LAS VEGAS REDEV-REF 05.0000 06/15/2022 | 0.20% |
WESTMORELAND CNTY PA 04.0000 07/01/2022 | 0.20% |
NJ ST ECO DEV-I 01.6600 09/01/2027 | 0.20% |
RI HLTH & EDUCTNL-REF 05.0000 05/15/2022 | 0.20% |
FARMINGTON NM POLL CO 02.1250 06/01/2040 | 0.20% |
GLENDALE INDL DEV-REF 04.0000 05/15/2022 | 0.20% |
NTHRN IL UNIV -B 05.0000 04/01/2022 | 0.20% |
WASHINGTON ST HLTH CA 01.1720 01/01/2042 | 0.20% |
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 | 0.17% |
MS BUSINESS FIN-REF 02.5000 04/01/2022 | 0.17% |
SA ENERGY ACQ PUB FAC 05.5000 08/01/2025 | 0.17% |
ILLINOIS ST FIN AUTH 05.0000 11/01/2023 | 0.16% |
TX SFM-NON AMT-A 05.2500 09/01/2028 | 0.14% |
PR HWY/TRN-CC-REF-AGM 05.5000 07/01/2029 | 0.12% |
CALIFORNIA ST ENTERPR 05.0000 08/01/2022 | 0.10% |
LOWELL COLLEGIATE 04.0000 06/15/2024 | 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% |
MN HSG FIN AGY-A-RSDL 04.0000 07/01/2038 | 0.09% |
PR INFRA-RF-C 05.5000 07/01/2026 | 0.05% |
MT BRD HSG-A2-SFH-AMT 03.0000 12/01/2043 | 0.04% |
MA HSG FIN AGY-169 04.0000 12/01/2044 | 0.03% |
PHOENIX INDL DEV AUTH 03.7500 07/01/2024 | 0.01% |
Portfolio composition as of 04/30/22
Municipal bonds and notes | 93.08% |
---|---|
Cash and net other assets | 6.92% |
Fixed income statistics as of 04/30/22
Average stated maturity | 9.27 yrs. |
---|---|
Average effective maturity | 3.20 yrs. |
Option adjusted duration | 1.91 yrs. |
Duration to worst | 1.89 yrs. |
Average yield to maturity | 2.47% |
Average coupon | 3.25% |
AMT exposure | 15.68% |
Quality rating as of 04/30/22
AAA | 3.56% |
---|---|
AA | 17.32% |
A | 40.20% |
BBB | 19.07% |
BB | 2.23% |
Not Rated | 10.70% |
Cash and net other assets | 6.92% |
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 04/30/22
Health care | 13.72% |
---|---|
Local Debt | 13.24% |
Transportation | 12.08% |
Utilities | 10.94% |
State Debt | 7.33% |
Cash and net other assets | 6.92% |
Prerefunded | 6.45% |
Education | 4.89% |
Special Tax | 4.78% |
Other | 19.65% |
0
Sectors will vary over time.
Expenses
Expense ratio |
Class A | Class C | Class R6 | Class Y |
---|---|---|---|---|
Total expense ratio | 0.91% | 1.66% | 0.65% | 0.66% |
What you pay† | 0.59% | 1.34% | 0.33% | 0.34% |
† 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 03/30/23
Sales charge
Investment Breakpoint | Class A | Class C | Class R6 | Class Y |
---|---|---|---|---|
$0-$49,999 | 2.25% | 0.00% | -- | -- |
$50,000-$99,999 | 2.25% | 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 C | Class R6 | Class Y | |
---|---|---|---|---|
0 to 9 mts. | 1.00% | 1.00% | -- | -- |
9 to 12 mts. | 0.00% | 1.00% | -- | -- |
2 yrs. | -- | 0.00% | -- | -- |
3 yrs. | -- | 0.00% | -- | -- |
4 yrs. | -- | 0.00% | -- | -- |
5 yrs. | -- | 0.00% | -- | -- |
6 yrs. | -- | 0.00% | -- | -- |
7+ yrs. | -- | 0.00% | -- | -- |
The Bloomberg 3-year Municipal Index is a subset of the Bloomberg 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.