Putnam Intermediate-Term Municipal Income Fund
Data updated: 2025-07-25
C000123524 — Putnam Intermediate-Term Municipal Income Fund. Long Municipal - National Bond · $25.33M AUM. Holdings, fees, performance and SEC filings.
C000123524 Fund Overview
Putnam Intermediate-Term Municipal Income Fund is a US mutual fund managed by Putnam Funds Trust, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Putnam Funds Trust
- Category: Long Municipal - National Bond
- Assets under management: $25.33M
- 1-year return: 1.4%
- SEC CIK: 0001005942
- SEC series ID: S000039834
- Share class ID: C000123524
C000123524 Investment Objective and Strategy
Putnam Intermediate-Term Municipal Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Putnam Funds Trust.
Investment objective
Putnam Intermediate-Term Municipal Income Fund seeks as high a level of current income exempt from federal income tax as we believe is consistent with preservation of capital.
Principal investment strategy
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 bonds we invest in are mainly investment-grade in quality. Under normal circumstances, we invest 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. This investment policy cannot be changed without the approval of the fund’s shareholders. 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.
C000123524 Holdings
Top 10 holdings of Putnam Intermediate-Term Municipal Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Putnam Funds Trust | 33.47% |
| San Diego Housing Authority, Inc. | 1.87% |
| State of Colorado | 1.78% |
| Knox County Health Educational & Housing Facility Board | 1.67% |
| Washington Metropolitan Area Transit Authority Dedicated Revenue | 1.52% |
| New York City Transitional Finance Authority Future Tax Secured Revenue | 1.51% |
| Greater Orlando Aviation Authority | 1.40% |
| New York State Dormitory Authority | 1.33% |
| Irving Independent School District | 1.32% |
| Tennergy Corp. | 1.28% |
C000123524 Portfolio Allocation
Asset-class allocation of Putnam Intermediate-Term Municipal Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 65.9% |
| Other | 33.5% |
C000123524 Performance
Total returns for C000123524 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 1.4% |
| 3 years (annualised) | 1.2% |
| 5 years (annualised) | 0.2% |
C000123524 Risk Information
Risk metrics for C000123524, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.6%
C000123524 Costs and Fees
C000123524 costs about $165 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.65%
- Gross expense ratio: 2.12%
- Portfolio turnover: 18%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000123524 Cashflows
Over the 12 months to 2025-05, Putnam Intermediate-Term Municipal Income Fund had net outflows of $5.84M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-05 | $40.56K |
| 2025-04 | −$67.87K |
| 2025-03 | $201.01K |
| 2025-02 | $7.47K |
| 2025-01 | $2.62K |
| 2024-12 | $54.16K |
C000123524 Debt Constituents
Largest debt holdings of Putnam Intermediate-Term Municipal Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| San Diego Housing Authority, Inc. | 1.87% |
| State of Colorado | 1.78% |
| Knox County Health Educational & Housing Facility Board | 1.67% |
| Washington Metropolitan Area Transit Authority Dedicated Revenue | 1.52% |
| New York City Transitional Finance Authority Future Tax Secured Revenue | 1.51% |
| Greater Orlando Aviation Authority | 1.40% |
| New York State Dormitory Authority | 1.33% |
| Irving Independent School District | 1.32% |
| Tennergy Corp. | 1.28% |
| Long Island Power Authority | 1.27% |
C000123524 Prospectus and SEC Filings
Official Putnam Intermediate-Term Municipal Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-03-27
- Prospectus (485BPOS) — filed 2024-03-27
- Prospectus (485BPOS) — filed 2023-03-27
- Portfolio holdings (N-PORT) — filed 2025-07-25
- Portfolio holdings (N-PORT) — filed 2025-04-29
- Portfolio holdings (N-PORT) — filed 2025-01-28
- Annual census (N-CEN) — filed 2025-02-06
- Annual census (N-CEN) — filed 2024-01-31
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.