PTHYX Performance — Putnam Tax Free High Yield Fund
Data updated: 2025-10-10
PTHYX returned +11.34% over one year to Oct 2024. Annualised returns are −0.79% over 3 years and +1.58% over 5 years. Against its High Yield Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $98, against $104 for the category, and to $111 over one year, against $109. Volatility over the past three years was 10.09% a year. In the 12 months to Jul 2025 the fund lost a net $22.9M, and assets reached $624.43M.
PTHYX 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 | PTHYX | Category average |
|---|---|---|
| 1 year (Sep 2023 – Oct 2024) | $111 | $109 |
| 3 years (Sep 2021 – Oct 2024) | $98 | $104 |
| 5 years (Sep 2019 – Oct 2024) | $108 | $117 |
| Since data start (Aug 2019 – Oct 2024) | $108 | $118 |
PTHYX Trailing Returns
Total returns to Oct 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +11.34% |
| 3 years (annualised) | −0.79% |
| 5 years (annualised) | +1.58% |
PTHYX 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 |
|---|---|
| 2024 (Jan–Oct) | +12.90% |
| 2023 | +1.95% |
| 2022 | −11.60% |
| 2021 | +0.77% |
| 2020 | +1.58% |
| 2019 (Aug–Dec) | +3.94% |
PTHYX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | +7.8% | −1.5% | +0.9% | +0.6% | +1.0% | +2.6% | +0.5% | — | — | +0.5% | — | — |
| 2023 | +6.4% | +0.3% | +1.4% | −2.9% | +0.2% | +1.5% | −0.9% | −2.5% | −3.6% | −1.5% | +0.4% | +3.4% |
| 2022 | +1.2% | −4.0% | −3.4% | −0.9% | +4.2% | −3.8% | +1.6% | −2.2% | −5.7% | −2.7% | +4.4% | −0.5% |
| 2021 | +2.0% | +1.3% | +0.8% | −1.3% | +0.8% | +0.9% | +0.9% | −0.6% | −1.0% | −0.5% | −2.6% | +0.1% |
| 2020 | +0.1% | −3.5% | −9.6% | +2.0% | +2.7% | +4.0% | +3.6% | 0.0% | −0.5% | +0.1% | +1.8% | +1.7% |
| 2019 | — | — | — | — | — | — | — | +0.1% | −0.5% | +2.0% | +1.8% | +0.5% |
PTHYX Risk
Risk measures from monthly returns over Sep 2021 – Oct 2024.
- 3-year volatility (annualised): 10.09%
- 3-year Sharpe ratio: -0.52 (vs 4.5% risk-free rate)
- Best month: +7.75% (Jan 2024)
- Worst month: −5.72% (Sep 2022)
PTHYX 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 |
PTHYX 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.