PPNAX : Putnam AMT-Free Municipal Fund Class A

PPNAX is a Bond Market Municipal Bond with HIGH fees.

PPNAX

Putnam AMT-Free Municipal Fund Class A

FI Score

37 /100

Expense Ratio Rating

4 /10

Expense Rating

2 /10

Market Score

3 /10

Category Score

8 /10

Market Size

3 /10

37% FI Score
  • ppnax
  • Mutual Fund
  • Bond
  • Municipal Bond

Putnam AMT-Free Municipal Fund Class A

Expenses: 0.81% (Better than 0% of similar funds)

This is a bad choice for a Municipal Bond Bond fund. See why ยป

Fund Summary

The investment seeks high current income exempt from federal income tax. The fund invests mainly in bonds that pay interest that is exempt from federal income tax, are investment-grade in quality, and have intermediate- to long-term maturities (i.e., three years or longer). The fund's manager does not intend to invest in securities the interest on which is subject to the alternative minimum tax (AMT). Under normal circumstances, the managers invest at least 80% of the fund's net assets in tax-exempt investments.

Largest Holdings

Amount Holding
2.52% DALLAS TEX AREA RAPID TRAN SALES TAX REV 5%
1.89% METROPOLITAN PIER & EXPOSITION AUTH ILL DEDICATED ST TAX REV 0%
1.56% MICHIGAN ST STRATEGIC FD LTD OBLIG REV 7%
1.55% MASSACHUSETTS ST 0.05%
1.29% CENTRAL PUGET SOUND WASH REGL TRAN AUTH SALES & USE TAX REV 5%
1.23% KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%
1.23% NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 4%
1.22% DETROIT MICH DOWNTOWN DEV AUTH TAX INCREMENT REV 5%
1.22% MICHIGAN ST BLDG AUTH REV 4%
1.21% LYON CNTY KANS UNI SCH DIST NO 253 EMPORIA 4%
1.21% BUCKEYE OHIO TOB SETTLEMENT FING AUTH 4%
1.15% LOUISVILLE & JEFFERSON CNTY KY METRO GOVT HEALTH SYS REV 5%
1.15% NEW JERSEY ECONOMIC DEV AUTH REV 5%
1.15% IDAHO HSG & FIN ASSN 4%
1.09% NEW YORK N Y 5%
1.08% KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%
1.07% GREAT LAKES WTR AUTH MICH SEW DISP SYS REV 5%
1.06% NEW JERSEY ST TRANSN TR FD AUTH 5%
1.00% CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5%
0.97% ALASKA INDL DEV & EXPT AUTH REV 4%
0.96% WASHINGTON ST 5%
0.96% FEDERAL HOME LN MTG CORP MULTIFAMILY VAR RATE CTFS RELATING TO MUN SECS 2.5
0.93% ALLEGHENY CNTY PA HOSP DEV AUTH REV 5%
0.93% KAREGNONDI WTR AUTH MICH 5%
0.91% METROPOLITAN TRANSN AUTH N Y REV 4%

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