PAMYX

About PAMYX

Putnam Strategic Intermediate Municipal Fund Class Y is an open-end municipal bond fund designed to deliver a high level of current income that is exempt from federal income tax while seeking preservation of capital. The portfolio invests primarily in investment‑grade municipal securities issued by state and local governments and related agencies, diversified across states and sectors such as transportation, utilities, housing, and essential services. The strategy targets the intermediate segment of the muni market, aligning to a benchmark focused on 3–15 year maturities and maintaining an effective duration typical of muni national intermediate peers, which helps balance income stability with interest‑rate sensitivity. Managed by Franklin Templeton’s Putnam municipal team, the fund pays dividends monthly and has a long performance record, supported by broad holdings and active credit research. Within the municipal market, it serves as a core tax‑advantaged income allocation, offering exposure to a wide cross‑section of public finance credits with attention to quality, duration, and diversification across revenue sources and issuers.