Finding opportunity in a solid muni market
Portfolio Managers Garrett Hamilton, CFA, and Paul Drury, CFA, discuss the state of the municipal bond market and current opportunities.
June 2023 videos:
Quarterly fund commentaries
Market volatility weighs on municipals
Equity strength drives funds' positive absolute returns
Fund outperforms in a solid quarter for equity markets
As value lagged growth, fund continued to offer solid relative performance
Large-cap growth rally continues into second quarter
Ultra Short Duration Income Fund
Strategy exhibits stability despite Fed and economic uncertainty
Bonds see mixed results amid Fed policy uncertainty
Floating-rate bank loans outperform fixed income markets
Learn about our active strategies

Tax-Free Income Strategies
- How we invest
- The muni bond advantage — across 50 states
- Putnam tax-free income funds