PPNAX — Putnam AMT-Free Municipal Fund
Data updated: 2026-06-24
PPNAX — Putnam AMT-Free Municipal Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $2.41B AUM · 0.90% expense ratio · 6.2% 1-yr return. From SEC regulatory filings.
PPNAX Fund Overview
PPNAX — Putnam AMT-Free Municipal Fund is a US mutual fund managed by Putnam Tax Free Income 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 Tax Free Income Trust
- Category: Long Municipal - National Bond
- Assets under management: $2.41B
- 1-year return: 6.2%
- Ticker: PPNAX
- SEC CIK: 0000771951
- SEC series ID: S000003860
- Share class ID: C000010819
PPNAX Holdings
Top 10 holdings of Putnam AMT-Free Municipal Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Putnam Short Term Investment Fund | 2.91% |
| Texas Transportation Finance Corp. | 1.53% |
| Main Street Energy, Inc. | 1.09% |
| City of Los Angeles Department of Airports | 0.95% |
| Kentucky Public Energy Authority | 0.90% |
| City of New York NY | 0.89% |
| Colorado Health Facilities Authority | 0.88% |
| Southeast Energy Authority A Cooperative District | 0.84% |
| Energy Southeast A Cooperative District | 0.80% |
| Dallas Fort Worth International Airport | 0.79% |
PPNAX Portfolio Allocation
Asset-class allocation of Putnam AMT-Free Municipal Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 97.0% |
| Other | 2.9% |
| Securitized | 1.1% |
| Cash & Equivalents | 0.5% |
PPNAX Performance
Total returns for PPNAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.3% |
| 1 year | 6.2% |
| 3 years (annualised) | 3.9% |
| 5 years (annualised) | 1.6% |
PPNAX Risk Information
Risk metrics for PPNAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.6%
PPNAX Costs and Fees
PPNAX costs about $90 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.90%
- Gross expense ratio: 0.90%
- Portfolio turnover: 41%
- Brokerage commissions: 0.15 bps of average net assets (SEC N-CEN)
PPNAX Cashflows
Over the 12 months to 2026-04, Putnam AMT-Free Municipal Fund had net inflows of $354.66M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $40.87M |
| 2026-03 | $45.67M |
| 2026-02 | $38.85M |
| 2026-01 | −$196.12M |
| 2025-12 | $64.17M |
| 2025-11 | $36.98M |
PPNAX Debt Constituents
Largest debt holdings of Putnam AMT-Free Municipal Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Texas Transportation Finance Corp. | 1.53% |
| Main Street Energy, Inc. | 1.09% |
| City of Los Angeles Department of Airports | 0.95% |
| Kentucky Public Energy Authority | 0.90% |
| City of New York NY | 0.89% |
| Colorado Health Facilities Authority | 0.88% |
| Southeast Energy Authority A Cooperative District | 0.84% |
| Energy Southeast A Cooperative District | 0.80% |
| Dallas Fort Worth International Airport | 0.79% |
| New Caney Independent School District | 0.78% |
PPNAX Prospectus and SEC Filings
Official Putnam AMT-Free Municipal Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
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.