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Mutual Fund Insights: Putnam Tax-Free High Yield M Fund (PTYMX)

In-depth Analysis of Putnam Tax-Free High Yield M Fund (PTYMX)

Mutual fund chart: Putnam Tax-Free High Yield M Fund (PTYMX)

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See Putnam Tax-Free High Yield M Fund (PTYMX) performance details as of January 31, 2010

  

    Last Trade: $11.57 on 3/18/2010, Change: +0.01 (0.09%)

  

Fund Manager - Paul Drury

Fund Manager Tenure: 7.8 years
Fundmojo Fund Grade: A (Score: 0.71)     (What does this score mean?)
Drury is a senior vice president and tax exempt specialist on the Tax Exempt Fixed Income team. He is responsible for managing several sectors within the municipal market. He is a portfolio leader of the Tax-Free High Yield Fund. Mr. Drury joined Putnam in 1989 as a mutual fund accountant in the Tax Exempt Accounting Department. He has over 17 years of investment industry experience.  Get more insights on Paul Drury

  

What we like about Putnam Tax-Free High Yield M Fund (PTYMX) What we like about Putnam Tax-Free High Yield M Fund (PTYMX)

Data for Putnam Tax-Free High Yield M Fund (PTYMX) as of January 31, 2010

  • Putnam Tax-Free High Yield M Fund (PTYMX) management has been with Putnam Tax-Free High Yield M Fund for 7.8 years
  • Putnam Tax-Free High Yield M Fund (PTYMX) has good short-term performance (1-year return 28.12% vs 25.06% High Yield Muni category average)
  • Putnam Tax-Free High Yield M Fund (PTYMX) has good mid-term performance (3-year return 0.80% vs -1.54% High Yield Muni category average)
  • Putnam Tax-Free High Yield M Fund (PTYMX) has good Long-term performance (5-year return 2.50% vs 1.46% High Yield Muni category average)
  • Putnam Tax-Free High Yield M Fund (PTYMX) has an annual stock turnover rate of 16.01% vs High Yield Muni average of 43.30%. It is good that Putnam Tax-Free High Yield M management does not trade extensively for its return.
  • Putnam Tax-Free High Yield M Fund (PTYMX) is less volatile than its peers as it has a 3-year Standard Deviation of 11.94, lower than category average of 12.25
  • Putnam Tax-Free High Yield M Fund (PTYMX) has a lower management fee than its High Yield Muni average: 1.10% vs 1.12%

  

What we are cautious about Putnam Tax-Free High Yield M Fund (PTYMX) What we are cautious about Putnam Tax-Free High Yield M Fund (PTYMX)

Data for Putnam Tax-Free High Yield M Fund (PTYMX) as of January 31, 2010

  • Putnam Tax-Free High Yield M Fund (PTYMX) ratio of up-years vs down years can be improved
  • Putnam Tax-Free High Yield M Fund (PTYMX) has a Morningstar rating of 3 and below
  • Putnam Tax-Free High Yield M Fund (PTYMX) carries a 3.25% load
See Putnam Tax-Free High Yield M Fund (PTYMX) performance details as of January 31, 2010

  

  

Interested in other top mutual funds in similar High Yield Muni category?

Below are some additional High Yield Muni mutual funds generated out of our database

  

Putnam Tax-Free High Yield M Fund (PTYMX) Net Asset

Track net asset change of Putnam Tax-Free High Yield M fund (PTYMX)

DateNet Asset
01/2010$9.27M
11/2009$8.89M
10/2009$8.98M
More historic net asset information on Putnam Tax-Free High Yield M Fund (PTYMX)

  

Putnam Tax-Free High Yield M Fund (PTYMX) Portfolio Allocation

Track portfolio allocation change of Putnam Tax-Free High Yield M fund (PTYMX)

DateCashStockBondOther
09/20092.03%0%97.97%0%
06/20091.09%0%98.91%0%
03/20090.79%0%99.21%0%
Click here to see more historic asset allocation information on Putnam Tax-Free High Yield M Fund (PTYMX)

  

Most Recent Top 10 Holdings in Putnam Tax-Free High Yield M Fund (PTYMX)

Discover what Putnam Tax-Free High Yield M Fund (PTYMX) manager is buying

30-Sep-09
Buckeye Ohio Tob Settlement Fi Tob 5.75% [2.35%]
Iowa Fin Auth 9.25% [1.54%]
Puerto Rico Comwlth Aqueduct & Rev Bd 6% [1.53%]
Badger Tob Asset Securitizatio As 6.375% [1.52%]
Allegheny Cnty Pa Hosp Dev Aut Re 5.375% [1.25%]
New York N Y City Indl Dev Agy Rev 7.5% [1.15%]
Massachusetts St Health & Edl Rev 6.625% [1.01%]
New Jersey Econ Dev Auth 5.5% [1.01%]
Buckeye Ohio Tob Settlement Fi Tobacco S [0.98%]
TOBACCO SETTLEMENT AUTH WASH T ASSET BAC [0.97%]

30-Jun-09
Buckeye Ohio Tob Settlement Fi Tob 5.75% [1.85%]
Iowa Fin Auth 9.25% [1.79%]
Badger Tob Asset Securitizatio As 6.375% [1.71%]
Puerto Rico Comwlth Aqueduct & Rev Bd 6% [1.52%]
New York N Y City Indl Dev Agy Rev 7.5% [1.19%]
Massachusetts St Health & Edl Rev 6.625% [1.09%]
Allegheny Cnty Pa Hosp Dev Aut Re 5.375% [1.08%]
Tobacco Settlement Auth 6.5% [1.07%]
Louisiana Loc Govt Environment Rev Re 7% [1.06%]
Nebraska Edl Fin Auth [1.01%]

31-Mar-09
Iowa Fin Auth 9.25% [2.01%]
Badger Tob Asset Securitizatio As 6.375% [1.84%]
Buckeye Ohio Tob Settlement Fi Tob 5.75% [1.78%]
Puerto Rico Comwlth Aqueduct & Rev Bd 6% [1.52%]
Nebraska Edl Fin Auth [1.17%]
LOUISIANA LOC GOVT ENVIRONMENT REV REF H [1.16%]
Tobacco Settlement Auth 6.5% [1.16%]
NEW JERSEY ECONOMIC DEV AUTH R CIG TAX R [1.15%]
New York N Y City Indl Dev Agy Rev 7.5% [1.11%]
Massachusetts St Health & Edl Rev 6.625% [1.09%]
Click here for Stock Holding Change Map in Putnam Tax-Free High Yield M Fund (PTYMX)

  

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