Putnam Intermediate-Term Municipal Income Fund (PIMYX)
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)). It normally maintains an average dollar-weighted maturity between three and ten years. The bonds the fund invests in are mainly investment-grade in quality. It invests at least 80% of the fund's net assets in tax-exempt investments, which for purposes of this policy include investments paying interest subject to the federal AMT for individuals.
Fund Info
US74676A7660
Mar 17, 2013
$0
Expense Ratio
PIMYX has an expense ratio of 0.65%, placing it in the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
Putnam Intermediate-Term Municipal Income Fund (PIMYX) returned -0.58% year-to-date (YTD) and 2.52% over the past 12 months. Over the past 10 years, PIMYX returned 1.71% annually, underperforming the S&P 500 benchmark at 10.85%.
PIMYX
-0.58%
0.15%
-1.17%
2.52%
2.20%
0.68%
1.71%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of PIMYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.58% | 1.07% | -1.55% | -0.25% | -0.41% | -0.58% | |||||||
| 2024 | -0.07% | 0.04% | 0.03% | -1.17% | -0.25% | 1.24% | 0.85% | 0.85% | 0.93% | -1.44% | 1.37% | -1.04% | 1.30% |
| 2023 | 2.56% | -2.09% | 2.07% | -0.10% | -0.99% | 0.85% | 0.11% | -0.91% | -2.23% | -1.03% | 5.26% | 2.56% | 5.95% |
| 2022 | -2.34% | -0.38% | -2.49% | -2.25% | 1.27% | -1.17% | 2.31% | -1.72% | -3.17% | -0.55% | 4.03% | 0.24% | -6.29% |
| 2021 | 0.70% | -1.16% | 0.52% | 0.89% | 0.21% | 0.31% | 0.69% | -0.25% | -0.62% | -0.25% | 0.59% | -0.71% | 0.90% |
| 2020 | 1.42% | 1.18% | -2.91% | -1.75% | 3.00% | 1.09% | 1.36% | -0.16% | -0.05% | -0.22% | 1.37% | -0.83% | 3.40% |
| 2019 | 0.77% | 0.48% | 1.25% | 0.37% | 1.04% | 0.34% | 0.73% | 1.30% | -0.49% | 0.17% | 0.17% | -0.71% | 5.53% |
| 2018 | -0.72% | -0.30% | 0.27% | -0.33% | 0.85% | 0.08% | 0.27% | 0.09% | -0.53% | -0.51% | 0.92% | 1.00% | 1.05% |
| 2017 | 0.55% | 0.67% | 0.27% | 0.85% | 1.25% | -0.02% | 0.65% | 0.92% | -0.31% | 0.16% | -0.42% | 0.59% | 5.27% |
| 2016 | 1.08% | 0.13% | 0.01% | 0.60% | -0.07% | 1.29% | 0.12% | 0.03% | -0.34% | -0.74% | -3.46% | 0.53% | -0.90% |
| 2015 | 1.49% | -0.84% | 0.12% | -0.37% | -0.38% | -0.07% | 0.52% | 0.02% | 0.62% | 0.31% | 0.23% | 0.40% | 2.04% |
| 2014 | 1.43% | 0.84% | -0.49% | 0.93% | 0.81% | 0.03% | 0.12% | 0.91% | -0.07% | 0.51% | 0.12% | 0.13% | 5.38% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PIMYX is 40, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Putnam Intermediate-Term Municipal Income Fund (PIMYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
Putnam Intermediate-Term Municipal Income Fund provided a 3.08% dividend yield over the last twelve months, with an annual payout of $0.30 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.29 | $0.26 | $0.19 | $0.25 | $0.54 | $0.33 | $0.22 | $0.21 | $0.15 | $0.15 | $0.14 |
Dividend yield | 3.08% | 2.90% | 2.56% | 1.97% | 2.33% | 5.02% | 3.13% | 2.11% | 2.08% | 1.52% | 1.42% | 1.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Intermediate-Term Municipal Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.29 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2021 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 | $0.25 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.36 | $0.54 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.14 | $0.33 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.21 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam Intermediate-Term Municipal Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam Intermediate-Term Municipal Income Fund was 11.51%, occurring on Oct 25, 2022. Recovery took 470 trading sessions.
The current Putnam Intermediate-Term Municipal Income Fund drawdown is 2.20%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.51% | Aug 6, 2021 | 308 | Oct 25, 2022 | 470 | Sep 10, 2024 | 778 |
| -9.17% | Mar 10, 2020 | 9 | Mar 20, 2020 | 86 | Jul 23, 2020 | 95 |
| -4.84% | May 6, 2013 | 36 | Jun 25, 2013 | 206 | Apr 21, 2014 | 242 |
| -4.82% | Jul 11, 2016 | 102 | Dec 1, 2016 | 159 | Jul 21, 2017 | 261 |
| -4.05% | Mar 5, 2025 | 26 | Apr 9, 2025 | — | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...