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Trending ETFs

Putnam Strategic Intermediate Municipal Fund

mutual fund
PAMLX
Payout Change
Pending
Price as of:
$14.08 -0.05 -0.35%
primary theme
Municipal Bond
PAMLX (Mutual Fund)

Putnam Strategic Intermediate Municipal Fund

Payout Change
Pending
Price as of:
$14.08 -0.05 -0.35%
primary theme
Municipal Bond
PAMLX (Mutual Fund)

Putnam Strategic Intermediate Municipal Fund

Payout Change
Pending
Price as of:
$14.08 -0.05 -0.35%
primary theme
Municipal Bond

Name

As of 12/13/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$14.08

$1.36 B

3.53%

$0.50

0.54%

Vitals

YTD Return

3.0%

1 yr return

3.6%

3 Yr Avg Return

0.1%

5 Yr Avg Return

1.8%

Net Assets

$1.36 B

Holdings in Top 10

10.2%

52 WEEK LOW AND HIGH

$14.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.54%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 78.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/13/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$14.08

$1.36 B

3.53%

$0.50

0.54%

PAMLX - Profile

Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return 1.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.86%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Putnam Strategic Intermediate Municipal Fund
  • Fund Family Name
    Putnam Family of Funds
  • Inception Date
    May 21, 2018
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Paul Drury

Fund Description

Investments

We invest mainly in bonds that pay interest that is exempt from federal income tax (but that may be subject to federal alternative minimum tax (“AMT”)). We normally maintain an average dollar-weighted maturity between three and ten years. The fund may invest broadly in municipal bonds of any duration (a measure of the sensitivity of a bond’s price to interest rate changes), maturity and credit quality although the bonds we invest in are mainly investment-grade in quality. We may also invest in investments that are below-investment-grade (sometimes referred to as “junk bonds”), which can be more sensitive to changes in markets, credit conditions, and interest rates, and may be considered speculative. Under normal circumstances, we invest at least 80% of the fund’s 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. This investment policy cannot be changed without the approval of the fund’s shareholders. The fund may invest up to 20% of its net assets in securities the income on which is subject to federal income tax and may invest without limit in investments the income on which is subject to the AMT. We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments.

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PAMLX - Performance

Return Ranking - Trailing

Period PAMLX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -4.5% 38.3% 42.51%
1 Yr 3.6% -2.5% 44.5% 42.71%
3 Yr 0.1%* -10.2% 5.8% 24.93%
5 Yr 1.8%* -6.5% 1104.9% 5.47%
10 Yr N/A* -0.9% 249.0% 38.35%

* Annualized

Return Ranking - Calendar

Period PAMLX Return Category Return Low Category Return High Rank in Category (%)
2023 3.7% -1.4% 41.0% 16.23%
2022 -9.0% -39.7% 0.3% 26.69%
2021 -1.1% -5.6% 6.9% 77.80%
2020 -0.4% -2.6% 310.0% 97.83%
2019 3.1% 0.0% 26.0% 75.67%

Total Return Ranking - Trailing

Period PAMLX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -4.5% 38.3% 42.51%
1 Yr 3.6% -2.5% 44.5% 42.71%
3 Yr 0.1%* -10.2% 5.8% 24.93%
5 Yr 1.8%* -6.5% 1104.9% 5.47%
10 Yr N/A* -0.9% 249.0% 36.65%

* Annualized

Total Return Ranking - Calendar

Period PAMLX Return Category Return Low Category Return High Rank in Category (%)
2023 7.2% -1.3% 41.0% 14.75%
2022 -6.9% -39.7% 1.1% 25.60%
2021 3.3% -4.8% 23761504.0% 12.85%
2020 6.6% -1.5% 17057.9% 3.85%
2019 7.8% 0.2% 3514.6% 16.99%

NAV & Total Return History


PAMLX - Holdings

Concentration Analysis

PAMLX Category Low Category High PAMLX % Rank
Net Assets 1.36 B 3.22 M 71.9 B 24.93%
Number of Holdings 674 4 13418 17.80%
Net Assets in Top 10 153 M -317 M 3.09 B 30.62%
Weighting of Top 10 10.25% 1.8% 100.3% 80.44%

Top 10 Holdings

  1. GOVERNMENT FUTURES 1.79%
  2. FX.RT. MUNI BOND 1.14%
  3. MUNI ORIG ISSUE DISC 1.07%
  4. FX.RT. MUNI BOND 1.02%
  5. FX.RT. MUNI BOND 0.93%
  6. MUNI PUT BOND ACT 0.89%
  7. SHORT TERM INV FUND 0.87%
  8. FX.RT. MUNI BOND 0.87%
  9. MUNI PUT BOND ACT 0.85%
  10. MUNI PUT BOND ACT 0.82%

Asset Allocation

Weighting Return Low Return High PAMLX % Rank
Bonds
100.40% 0.00% 150.86% 17.18%
Other
2.39% -3.69% 53.54% 2.08%
Cash
0.87% -50.86% 44.62% 55.34%
Stocks
0.00% 0.00% 99.78% 82.08%
Preferred Stocks
0.00% 0.00% 0.07% 79.38%
Convertible Bonds
0.00% 0.00% 0.93% 79.10%

Bond Sector Breakdown

Weighting Return Low Return High PAMLX % Rank
Municipal
99.01% 44.39% 100.00% 39.92%
Derivative
2.39% -3.69% 53.54% 1.28%
Cash & Equivalents
0.87% 0.00% 44.41% 34.79%
Government
0.29% 0.00% 52.02% 2.49%
Securitized
0.00% 0.00% 5.93% 79.64%
Corporate
0.00% 0.00% 9.41% 81.32%

Bond Geographic Breakdown

Weighting Return Low Return High PAMLX % Rank
US
100.40% 0.00% 142.23% 16.52%
Non US
0.00% 0.00% 23.89% 81.40%

PAMLX - Expenses

Operational Fees

PAMLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.54% 0.01% 8.02% 78.09%
Management Fee 0.42% 0.00% 1.20% 47.45%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

PAMLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

PAMLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PAMLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 78.00% 0.00% 283.00% 97.80%

PAMLX - Distributions

Dividend Yield Analysis

PAMLX Category Low Category High PAMLX % Rank
Dividend Yield 3.53% 0.00% 14.51% 28.99%

Dividend Distribution Analysis

PAMLX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PAMLX Category Low Category High PAMLX % Rank
Net Income Ratio 1.86% -0.53% 5.33% 55.06%

Capital Gain Distribution Analysis

PAMLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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PAMLX - Fund Manager Analysis

Managers

Paul Drury


Start Date

Tenure

Tenure Rank

Jul 31, 2002

19.85

19.9%

Paul M. Drury is a Portfolio Manager in the Tax Exempt Fixed Income group. In this role, he is responsible for managing several sectors within the municipal market. He is also a Portfolio Manager of Putnam’s taxexempt funds. Mr. Drury, a CFA charterholder, has been in the investment industry since he joined Putnam in 1989.

Garrett Hamilton


Start Date

Tenure

Tenure Rank

Dec 31, 2016

5.42

5.4%

Mr. Hamilton has been employed by Putnam since 2016 as a Portfolio Manager. Prior to joining Putnam, Mr. Hamilton was a Portfolio Manager at BNY Mellon from 2010 to 2016.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58