PSMEX : Putnam Short-Term Municipal Income Fund Class A

PSMEX is a Bond Market Municipal Bond with MODERATE fees.

PSMEX

Putnam Short-Term Municipal Income Fund Class A

FI Score

40 /100

Expense Ratio Rating

7 /10

Expense Rating

4 /10

Market Score

1 /10

Category Score

8 /10

Market Size

1 /10

40% FI Score
  • psmex
  • Mutual Fund
  • Bond
  • Municipal Bond

Putnam Short-Term Municipal Income Fund Class A

Expenses: 0.60% (Better than 1% of similar funds)

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

Fund Summary

The investment seeks as high a level of current income exempt from federal income tax as the adviser believes is consistent with preservation of capital. 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)) and that have short-term maturities (i.e., three years or less). The bonds the fund invests in are mainly investment-grade in quality. Under normal circumstances, it invests at least 80% of the fund's net assets in tax-exempt investments, which for purposes of this policy includes investments paying interest subject to the federal AMT for individuals.

Largest Holdings

Amount Holding
2.93% HOUSTON TEX INDPT SCH DIST 4%
2.68% LOUISVILLE/JEFFERSON CNTY KY METRO GOVT POLLUTION CTL REV 1.85%
2.66% HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV 0.02%
2.66% MURRAY CITY UTAH HOSP REV 0.01%
2.65% CALIFORNIA ST 0.89%
2.48% JACKSONVILLE FLA PORT AUTH REV 4.5%
2.06% MAIN STR NAT GAS INC GA GAS SUPPLY REV 0.87%
2.04% NEW YORK ST HSG FIN AGY REV 1.62%
1.95% CALIFORNIA MUN FIN AUTH REV 5%
1.80% NEW JERSEY ST TRANSN TR FD AUTH 5.25%
1.77% OHIO ST HIGHER EDL FAC COMMN REV 2.79%
1.71% CONN ST HSG FIN AUTH HSG MTG FIN PG 3%
1.51% PALOMAR CALIF CMNTY COLLEGE DIST 5%
1.50% CALIFORNIA MUN FIN AUTH MOBILE HOME PK REV 5%
1.40% METROPOLITAN TRANSN AUTH N Y REV 5%
1.40% PORT AUTH N Y & N J 5%
1.38% LONG BEACH CALIF HBR REV 4%
1.36% ALABAMA SPL CARE FACS FING AUTH BIRMINGHAM REV 1.85%
1.36% METROPOLITAN TRANSN AUTH N Y REV 5%
1.36% ILLINOIS ST 5%
1.34% METROPOLITAN WTR DIST SOUTHN CALIF WTRWRKS REV 6.95%
1.33% MEADVILLE PA 3%
1.33% ROCHESTER MINN HEALTH CARE FACS REV 0.1%
1.33% LONG IS PWR AUTH N Y ELEC SYS REV 1.65%
1.32% VIRGINIA COLLEGE BLDG AUTH VA EDL FACS REV PUB HIGHER ED FING PROG 5%

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