PTFIX Fees and Costs — Putnam Strategic Intermediate Municipal Fund, Class B
Data updated: 2026-10-13
The net expense ratio is 1.44%: a 0.43% management fee, a 0.85% 12b-1 fee plus 0.16% other expenses. This share class carries a deferred sales charge of up to 5.00%. In fiscal 2026 the fund paid $27K in broker commissions, 0.0012% of average net assets, and portfolio turnover was 41%.
PTFIX Fees and Expenses
Annual operating expenses and sales charges of PTFIX. Prospectus, as of November 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.43% |
| 12b-1 fee | 0.85% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.44% |
| Fee waiver | — |
| Net expense ratio | 1.44% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 5.00% |
| Redemption fee | — |
PTFIX Costs Over Time
On $10,000 invested in PTFIX, assuming 5% a year before costs, total costs come to $894 over 5 years, cutting the return by 1.51% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $517 | $0 | $0 |
| Fund expenses (net expense ratio 1.44%) | $151 | $470 | $811 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $23 | $82 |
| Total costs | $669 | $493 | $894 |
| Value after costs | $9,831 | $11,083 | $11,869 |
| Impact on return, per year | 6.69% | 1.51% | 1.51% |
PTFIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0012%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): 41%
PTFIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $15K | 55.54% |
| J.P. Morgan Securities LLC | $12K | 44.46% |
PTFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $237.5M | 15.48% |
| Wells Fargo Securities, LLC | $211.4M | 13.78% |
| J.P. Morgan Securities LLC | $209.1M | 13.63% |
| BofA Securities, Inc. | $203.1M | 13.24% |
| RBC Capital Markets, LLC | $199.5M | 13.00% |
| Morgan Stanley & Co. LLC | $119.0M | 7.76% |
| FMSBONDS, INC. | $109.4M | 7.13% |
| Nomura Securities International, Inc. | $104.5M | 6.81% |
| Goldman Sachs & Co. LLC | $74.7M | 4.87% |
| Raymond James & Associates, Inc. | $66.0M | 4.30% |
Putnam Strategic Intermediate Municipal Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000202840 | Class R6 | 0.56% | none |
| C000060535 | Class Y | 0.65% | none |
| PPNAX | Class A | 0.90% | 2.25% |
| PTFIX | Class B | 1.44% | none |
| C000010817 | Class C | 1.65% | none |
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.