C000123520 Performance — Putnam Short-Term Municipal Income Fund, Class Y
Data updated: 2025-10-27
C000123520 returned +3.45% over one year to Aug 2025. Annualised returns are +3.57% over 3 years and +1.91% over 5 years. The fund beat its Short-Term Municipal Bond category average: $100 invested three years ago grew to $111, against $109 for the category, and to $103 over one year, against $103. Volatility over the past three years was 2.22% a year. In the 12 months to Aug 2025 the fund took in a net $3.9M, and assets reached $179.61M.
C000123520 Growth of $100
What $100 invested in Putnam Short-Term Municipal Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Municipal Bond category average over the same months.
| Period | C000123520 | Category average |
|---|---|---|
| 1 year (Sep 2024 – Aug 2025) | $103 | $103 |
| 3 years (Sep 2022 – Aug 2025) | $111 | $109 |
| 5 years (Sep 2020 – Aug 2025) | $110 | $107 |
| Since data start (Sep 2019 – Aug 2025) | $112 | $109 |
C000123520 Trailing Returns
Total returns to Aug 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +3.45% |
| 3 years (annualised) | +3.57% |
| 5 years (annualised) | +1.91% |
C000123520 Annual Returns
Calendar-year total returns of Putnam Short-Term Municipal Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Aug) | +2.09% |
| 2024 | +4.70% |
| 2023 | +4.70% |
| 2022 | −3.11% |
| 2021 | +1.31% |
| 2020 | +1.56% |
| 2019 (Sep–Dec) | +0.57% |
C000123520 Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +0.6% | −0.2% | −0.2% | 0.0% | +0.4% | +0.6% | +0.5% | +0.5% | — | — | — | — |
| 2024 | +0.1% | +0.9% | +0.1% | −0.1% | +0.1% | +0.8% | +0.7% | +0.8% | +0.6% | −0.3% | +0.5% | +0.6% |
| 2023 | +1.2% | +0.2% | −0.3% | −0.1% | +1.1% | 0.0% | +0.2% | +0.5% | +1.9% | +0.1% | −0.5% | +0.2% |
| 2022 | −1.0% | 0.0% | +0.7% | −0.8% | −1.1% | −0.9% | +1.0% | −0.3% | +1.6% | −0.2% | −1.2% | −1.0% |
| 2021 | +0.4% | +0.3% | +0.2% | +0.4% | +0.1% | 0.0% | +0.3% | +0.1% | +0.2% | 0.0% | −0.2% | −0.3% |
| 2020 | +0.5% | +0.2% | +1.2% | −0.6% | −1.1% | +0.1% | +0.6% | +0.5% | +0.3% | 0.0% | +0.1% | −0.3% |
| 2019 | — | — | — | — | — | — | — | — | +0.1% | +0.2% | −0.2% | +0.3% |
C000123520 Risk
Risk measures from monthly returns over Sep 2022 – Aug 2025.
- 3-year volatility (annualised): 2.22%
- 3-year Sharpe ratio: -0.42 (vs 4.5% risk-free rate)
- Best month: +1.92% (Sep 2023)
- Worst month: −1.18% (Nov 2022)
C000123520 Fund Flows
Monthly money in and out of Putnam Short-Term Municipal Income Fund, from SEC Form N-PORT.
- 12-month net flow: $3.9M
- 12-month gross sales (incl. reinvestments): $112.6M
- Sales ÷ redemptions: 1.04×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Aug 2025 | $3.1M | $6.3M | −$3.1M |
| Jul 2025 | $18.4M | $7.8M | $10.5M |
| Jun 2025 | $8.7M | $7.8M | $897K |
| May 2025 | $10.9M | $3.7M | $7.2M |
| Apr 2025 | $15.3M | $12.2M | $3.2M |
| Mar 2025 | $6.8M | $6.0M | $709K |
| Feb 2025 | $15.3M | $3.5M | $11.8M |
| Jan 2025 | $6.2M | $12.6M | −$6.4M |
| Dec 2024 | $7.6M | $7.0M | $616K |
| Nov 2024 | $8.0M | $3.1M | $4.9M |
| Oct 2024 | $6.6M | $14.1M | −$7.5M |
| Sep 2024 | $5.8M | $24.7M | −$19.0M |
C000123520 Assets Under Management
Net assets of Putnam Short-Term Municipal Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-08-31 | $179.61M |
| 2025-05-31 | $169.91M |
| 2025-02-28 | $159.99M |
| 2024-11-30 | $153.79M |
| 2024-08-31 | $175.61M |
| 2024-05-31 | $168.80M |
| 2024-02-29 | $161.31M |
| 2023-11-30 | $155.67M |
| 2023-08-31 | $137.76M |
| 2023-05-31 | $71.55M |
| 2023-02-28 | $75.96M |
| 2022-11-30 | $81.31M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.