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PSMFX Putnam Short-Term Municipal Income B

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Fund PSMFX Putnam Short-Term Municipal Income B VMLTX Vanguard Ltd-Term Tx-Ex VWSTX Vanguard Short-Term Tx-Ex  
Similarity
?
100% 96% 94%
Annual Fees
?
$81.59
(0.80% Exp. Ratio)
$20.40
(0.20% Exp. Ratio)
$20.40
(0.20% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.98% annual return
$14,169.76 $16,979.64 $16,979.64
Est. savings over 30 yrs +$2,809.88 +$2,809.88
Return
As of 11/30/16
1 YR RETURN -0.63%
3 YR -0.06%
5 YR --
10 YR --
1 YR RETURN -0.35%
3 YR 0.86%
5 YR 1.12%
10 YR 2.32%
1 YR RETURN 0.27%
3 YR 0.44%
5 YR 0.60%
10 YR 1.64%
Description
The investment seeks as high a level of current income exempt from federal income tax as the adviser believes is consistent with preservation of capital. The fund invests mainly in bonds that pay interest that is exempt from federal income tax (but that may be subject to federal alternative minimum tax (AMT)) and that have short-term maturities (i.e., three years or less). The bonds the fund invests in are mainly investment-grade in quality. Under normal circumstances, it invests at least 80% of the fund's net assets in tax-exempt investments, which for purposes of this policy includes investments paying interest subject to the federal AMT for individuals.
The investment seeks current income that is exempt from federal personal income taxes, with limited price volatility. The fund has no limitations on the maturity of individual securities, but is expected to maintain a dollar-weighted average maturity of 2 to 6 years. At least 75% of the securities held by the fund are municipal bonds in the top three credit-rating categories as determined by a nationally recognized statistical rating organization or, if unrated, determined to be of comparable quality by the advisor. The remaining 5% may be invested in securities with lower credit ratings or, if unrated, determined to be of comparable quality by the advisor.
The investment seeks current income that is exempt from federal personal income taxes, with limited price volatility. The fund has no limitations on the maturity of individual securities, but is expected to maintain a dollar-weighted average maturity of 1 to 2 years. At least 75% of the securities held by the fund are municipal bonds in the top three credit-rating categories as determined by a nationally recognized statistical rating organization or, if unrated, determined to be of comparable quality by the advisor.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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