Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.
Putnam Strategic Intermediate Muncpl A PPNAX
- NAV / 1-Day Return 14.21 / −0.33 %
- Total Assets 1.5 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.840%
- Distribution Fee Level High
- Share Class Type Front Load
- Category Muni National Interm
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Min. Initial Investment 0
- Status Open
- TTM Yield 2.93%
- Effective Duration 5.62 years
USD | NAV as of Oct 05, 2024 | 1-Day Return as of Oct 05, 2024, 12:13 AM GMT+0
Morningstar’s Analysis PPNAX
Will PPNAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 6.5
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Net Cash | 2.86 | 44.0 Mil | Cash and Equivalents |
PENNSYLVANIA ECONOMIC DEV FING AUTH REV 5% | 1.12 | 17.2 Mil | municipal |
DE KALB CNTY GA HSG AUTH MULTIFAMILY HSG REV 4% | 1.04 | 16.0 Mil | municipal |
CALIFORNIA STATEWIDE CMNTYS DEV AUTH MULTIFAMILY HSG REV 4.5% | 1.00 | 15.4 Mil | municipal |
ATLANTA GA WTR & WASTEWTR REV 5% | 0.90 | 13.8 Mil | municipal |
TENNERGY CORP TENN GAS REV 4% | 0.86 | 13.3 Mil | municipal |
BIRMINGHAM ALA WTRWKS BRD REV ANTIC BD 3.75% | 0.84 | 13.0 Mil | municipal |
ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV 5% | 0.84 | 13.0 Mil | municipal |
NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 3.4% | 0.83 | 12.8 Mil | municipal |
WHITING IND ENVIRONMENTAL FACS REV 5% | 0.80 | 12.3 Mil | municipal |