PTHAX Performance — Putnam Tax Free High Yield Fund
Data updated: 2025-10-10
PTHAX returned −2.13% over one year to Jul 2025. Over one year the fund trailed its High Yield Bond category average: $100 grew to $98, against $106 for the category. Volatility over the past 12 months was 4.79% a year. In the 12 months to Jul 2025 the fund lost a net $22.9M, and assets reached $624.43M.
PTHAX Growth of $100
What $100 invested in Putnam Tax Free High Yield Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the High Yield Bond category average over the same months.
| Period | PTHAX | Category average |
|---|---|---|
| 1 year (Aug 2024 – Jul 2025) | $98 | $106 |
| 3 years (Aug 2022 – Jul 2025) | $106 | $121 |
| 5 years (Aug 2020 – Jul 2025) | $105 | $123 |
| Since data start (Aug 2019 – Jul 2025) | $109 | $126 |
PTHAX Trailing Returns
Total returns to Jul 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −2.13% |
3- and 5-year figures withheld: too few months to verify.
PTHAX Annual Returns
Calendar-year total returns of Putnam Tax Free High Yield Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Jul) | −1.25% |
| 2024 | +11.74% |
| 2023 | +2.56% |
| 2022 | −11.03% |
| 2021 | +1.32% |
| 2020 | +2.15% |
| 2019 (Aug–Dec) | +4.22% |
PTHAX 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 | +1.8% | +1.5% | −2.2% | −1.5% | −0.4% | +0.6% | −0.9% | — | — | — | — | — |
| 2024 | +7.8% | −1.5% | +0.9% | +0.7% | +1.2% | +2.6% | +0.7% | −1.5% | +1.4% | +0.5% | +0.5% | −1.8% |
| 2023 | +6.5% | +0.4% | +1.5% | −2.8% | +0.3% | +1.6% | −0.9% | −2.5% | −3.6% | −1.5% | +0.5% | +3.5% |
| 2022 | +1.2% | −4.0% | −3.3% | −0.9% | +4.2% | −3.8% | +1.8% | −2.1% | −5.7% | −2.6% | +4.5% | −0.4% |
| 2021 | +2.1% | +1.3% | +0.8% | −1.2% | +0.8% | +1.0% | +1.0% | −0.6% | −1.0% | −0.4% | −2.6% | +0.1% |
| 2020 | +0.1% | −3.5% | −9.5% | +2.0% | +2.7% | +4.0% | +3.7% | +0.1% | −0.4% | +0.2% | +1.8% | +1.7% |
| 2019 | — | — | — | — | — | — | — | +0.1% | −0.5% | +2.1% | +1.9% | +0.6% |
PTHAX Risk
Risk measures from monthly returns over Aug 2024 – Jul 2025.
- 1-year volatility (annualised): 4.79%
- Best month: +1.78% (Jan 2025)
- Worst month: −2.17% (Mar 2025)
PTHAX Fund Flows
Monthly money in and out of Putnam Tax Free High Yield Fund, from SEC Form N-PORT.
- 12-month net flow: −$22.9M
- 12-month gross sales (incl. reinvestments): $135.6M
- Sales ÷ redemptions: 0.86×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2025 | $7.9M | $13.3M | −$5.5M |
| Jun 2025 | $8.0M | $12.2M | −$4.2M |
| May 2025 | $8.3M | $21.2M | −$12.9M |
| Apr 2025 | $22.5M | $15.0M | $7.5M |
| Mar 2025 | $8.0M | $10.5M | −$2.6M |
| Feb 2025 | $9.6M | $10.0M | −$380K |
| Jan 2025 | $8.1M | $10.0M | −$1.9M |
| Dec 2024 | $17.6M | $19.2M | −$1.6M |
| Nov 2024 | $9.8M | $12.6M | −$2.8M |
| Oct 2024 | $9.8M | $14.1M | −$4.4M |
| Sep 2024 | $17.5M | $8.4M | $9.1M |
| Aug 2024 | $8.5M | $11.8M | −$3.3M |
PTHAX Assets Under Management
Net assets of Putnam Tax Free High Yield Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-07-31 | $624.43M |
| 2025-04-30 | $659.41M |
| 2025-01-31 | $675.99M |
| 2024-10-31 | $685.80M |
| 2024-07-31 | $688.07M |
| 2024-04-30 | $669.71M |
| 2024-01-31 | $676.09M |
| 2023-10-31 | $608.97M |
| 2023-07-31 | $685.49M |
| 2023-04-30 | $687.25M |
| 2023-01-31 | $703.75M |
| 2022-10-31 | $652.96M |
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.