Putnam Strategic Intermediate Municipal Fund (PTFIX)
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)). The manager normally maintains an average dollar-weighted maturity between three and ten years. Under normal circumstances, the fund invests at least 80% of its 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.
Fund Info
US7468721003
746872100
Sep 8, 1985
$0
Expense Ratio
PTFIX has a high expense ratio of 1.42%, indicating above-average management fees.
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
PTFIX
N/A
N/A
N/A
N/A
N/A
N/A
N/A
^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 PTFIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.16% | 0.06% | 0.13% | -0.93% | 0.01% | 1.28% | 0.78% | 0.58% | 0.21% | 1.94% | |||
| 2023 | 2.57% | -1.90% | 1.85% | -0.06% | -0.77% | 0.70% | 0.24% | -0.90% | -2.14% | -1.01% | 5.13% | 2.29% | 5.90% |
| 2022 | -2.08% | -0.77% | -2.68% | -2.45% | 1.16% | -1.35% | 2.14% | -1.87% | -3.05% | -0.77% | 3.87% | 0.04% | -7.75% |
| 2021 | 0.93% | -1.22% | 0.49% | 0.89% | 0.26% | 0.41% | 0.53% | -0.33% | -0.72% | -0.26% | 0.66% | 0.06% | 1.69% |
| 2020 | 1.79% | 1.50% | -5.28% | -2.89% | 3.28% | 1.81% | 2.05% | -0.15% | -0.10% | -0.24% | 1.33% | 0.77% | 3.62% |
| 2019 | 0.58% | 0.60% | 1.59% | 0.37% | 1.50% | 0.41% | 0.62% | 1.78% | -0.75% | 0.03% | 0.10% | 0.43% | 7.46% |
| 2018 | -1.19% | -0.53% | 0.39% | -0.42% | 0.93% | -0.01% | 0.17% | 0.07% | -0.57% | -0.76% | 0.81% | 1.01% | -0.12% |
| 2017 | 0.55% | 0.50% | 0.09% | 0.61% | 1.28% | -0.24% | 0.72% | 0.92% | -0.32% | 0.18% | -0.27% | 1.03% | 5.15% |
| 2016 | 0.93% | 0.19% | 0.29% | 0.63% | 0.34% | 1.57% | -0.06% | 0.06% | -0.49% | -1.10% | -3.63% | 0.63% | -0.74% |
| 2015 | 1.79% | -1.01% | 0.19% | -0.52% | -0.28% | -0.25% | 0.39% | 0.05% | 0.51% | 0.43% | 0.25% | 0.46% | 2.01% |
| 2014 | 1.78% | 1.02% | 0.33% | 1.20% | 1.52% | 0.12% | 0.12% | 1.24% | 0.26% | 0.71% | 0.17% | 0.60% | 9.44% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PTFIX is 71, 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 Strategic Intermediate Municipal Fund (PTFIX) 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 Strategic Intermediate Municipal Fund provided a 0.83% dividend yield over the last twelve months, with an annual payout of $0.12 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.12 | $0.29 | $0.18 | $0.40 | $0.61 | $0.62 | $0.50 | $0.38 | $0.40 | $0.47 | $0.48 |
Dividend yield | 0.83% | 2.07% | 1.31% | 2.70% | 4.05% | 4.08% | 3.37% | 2.47% | 2.66% | 3.03% | 3.06% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Strategic Intermediate Municipal 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.23 | |||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.29 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.18 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.28 | $0.40 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.41 | $0.61 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.35 | $0.62 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.19 | $0.50 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.38 |
| 2016 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
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 Strategic Intermediate Municipal 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 Strategic Intermediate Municipal Fund was 15.94%, occurring on Oct 19, 1987. Recovery took 70 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.94% | Mar 6, 1987 | 158 | Oct 19, 1987 | 70 | Jan 28, 1988 | 228 |
| -12.52% | Mar 2, 2020 | 15 | Mar 20, 2020 | 184 | Dec 10, 2020 | 199 |
| -12.14% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -11.76% | Oct 21, 1993 | 275 | Nov 21, 1994 | 101 | Apr 18, 1995 | 376 |
| -11.65% | Sep 12, 2008 | 24 | Oct 15, 2008 | 77 | Feb 5, 2009 | 101 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...