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Putnam Strategic Intermediate Muncpl C (PAMTX)

13.55
-0.17
(-1.24%)
As of 8:06:55 AM EDT. Market Open.

Fund Summary

The fund invests mainly in bonds that pay interest that is exempt from federal income tax (but that may be subject to federal alternative minimum tax (AMT)). The manager normally maintains an average dollar-weighted maturity between three and ten years. Under normal circumstances, the fund invests at least 80% of its net assets in tax-exempt investments. Investments paying interest subject to the federal AMT for individuals are considered tax-exempt investments for purposes of this policy.

Putnam Strategic Intermediate Muncpl C

Boston MA 02109
One Post Office Sq

Fund Overview

Category Muni National Interm
Fund Family Franklin Templeton Investments
Net Assets 2.02B
YTD Return 0.16%
Yield 2.37%
Morningstar Rating
Inception Date Sep 20, 1993

Fund Operations

Last Dividend 0.08
Last Cap Gain 1.00
Holdings Turnover 49.00%
Average for Category --

Fees & Expenses

Expense PAMTX Category Average
Annual Report Expense Ratio (net) 1.65% 0.68%
Prospectus Net Expense Ratio 1.65% --
Prospectus Gross Expense Ratio 1.65% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.56%
Max Deferred Sales Load -- 1.22%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

James Patrick Conn, Lead Manager since September 30, 2024
Mr. Conn is a senior vice president and portfolio manager with Franklin Advisers, Inc, his employer since 1996. He has final authority over all aspects of the Fund's investment portfolio, including but not limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance with anticipated management requirements. Mr. Conn holds the Chartered Financial Analyst designation.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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