# Portfolio overlap — PTHAX vs AMHIX Comparing **Putnam Tax-Free High Yield Fund** (2025-07-31) and **American High-Income Municipal Bond Fund** (2026-01-31). - Shared positions: 159 - Putnam Tax-Free High Yield Fund covered by American High-Income Municipal Bond Fund: 0.06107283592259203534740844655 - American High-Income Municipal Bond Fund covered by Putnam Tax-Free High Yield Fund: 0.06107283592259203534740844657 ## Putnam Tax-Free High Yield Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | NYC TRANSITIONAL-A-1 | 0.020239 | | | Port of Portland OR Airport Revenue (TOBs) | 0.019999 | | | OH BUCGEN 5 06/01/2055 | 0.012049 | ✓ | | Alaska (State of) Industrial Development & Export Authority (Tanana Chiefs Conferene), Series 2019, RB | 0.011571 | | | New York State Thruway Authority (TOBs) | 0.011223 | | | CITY OF CHICAGO IL 4.0% 01-01-38 | 0.010475 | ✓ | | Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2022, RB | 0.009783 | | | INTERNATIONAL LEADERSHIP OF TEXAS INC 6.125% 08-15-48 | 0.009222 | | | Tender Option Bond Trust Receipts/Certificates | 0.008680 | ✓ | | St. Louis (County of), MO Industrial Development Authority (Friendship Village West County), Series 2018 A, RB | 0.008426 | ✓ | | Grays Harbor County Public Hospital District No. 1, Series 2023 | 0.008250 | | | MD ECON DEV CORP -A | 0.008020 | | | RESTRUCTURED-SER A1 | 0.007956 | ✓ | | ILLINOIS ST FIN AUTH STUDENT HSG & ACADEMIC FAC REVENUE | 0.007687 | ✓ | | RESTRUCTURED-SER A1 | 0.007632 | ✓ | | WA ST HSG FIN COMMN-1 | 0.007117 | ✓ | | NY TRANSPRTN DEV CORP | 0.006863 | ✓ | | CHIEDU 5 12/1/2036 | 0.006854 | ✓ | | Port Authority of New York & New Jersey (TOBs) | 0.006691 | | | TEXAS TX 6% 8/1/2054 | 0.006580 | | | District of Columbia (Green Bonds), Series 2022 A, RB | 0.006393 | | | NY LIBERTY DEV 3% 9/15/2043 | 0.006336 | | | NY TRNSPRTN DEV-AMT | 0.006288 | ✓ | | CSCDA Community Improvement Authority, Series 2021 A | 0.006257 | ✓ | | NY LIBERTY DEV CORP-A | 0.006198 | ✓ | | Lancaster County Hospital Authority/PA | 0.005933 | | | Maricopa County Industrial Development Authority, Series 2024 | 0.005866 | | | Puerto Rico Electric Power Authority, Series TT | 0.005612 | | | CSCDA Community Improvement Authority, Series A-2 | 0.005528 | ✓ | | CSCDA Community Improvement Authority, Series A-2 | 0.005519 | ✓ | | Detroit, Wayne County, Michigan, General Obligation Bonds, Financial Recovery Series 2014B-1 | 0.005437 | | | SIGNIA HOTEL MANAGEMENT LLC 5.0% 01-01-54 | 0.005384 | ✓ | | DENVER CO ARPT 5.75% 11/15/38 | 0.005293 | | | OHIO ST HGR EDUCTNL FAC COMMISSION | 0.005285 | | | NH NFADEV 3.62 08/20/2039 | 0.005274 | ✓ | | BUCKEYE TOBACCO SETTLEMENT FIN BUCGEN 06/48 FIXED 3 | 0.005002 | | | UNITED AIRLINES INC 4.0% 07-01-41 | 0.004947 | ✓ | | Public Finance Authority | 0.004932 | | | Ohio Higher Educational Facility Commission, Series 2022 | 0.004921 | | | LIFESPACE COMMUNITIES INC OBLIGATED GROUP 5.125% 05-15-59 | 0.004894 | ✓ | | FLORIDA DEV FIN CORP HLTHCAREF REGD B/E 5.00000000 | 0.004849 | | | TX MATPOL 4.4 05/01/2030 | 0.004813 | | | WFCS HOLDINGS LLC 5.0% 01-01-55 | 0.004778 | ✓ | | Camden (County of), NJ Improvement Authority (The) (KIPP Cooper Norcross Academy) (Social Bonds), Series 2022, RB | 0.004692 | | | City of Sunnyvale, Series 2001 | 0.004674 | | | Dallas Area Municipal Authority, Series 2019 | 0.004653 | | | FLORIDA ST LOCAL GOVT FIN COMM REGD OID B/E 6.12500000 | 0.004608 | ✓ | | City of Chicago, Series 2021 A | 0.004540 | | | Health & Educational Facilities Authority of the State of Missouri, Series 2023 A | 0.004529 | | | Plaza Metropolitan District No. 1, Series 2013, Ref. RB | 0.004504 | | ## American High-Income Municipal Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Puerto Rico, General Obligation Bonds, Clawback Highway Transportation Authority Claims Taxable Series 2022 | 0.009354 | | | Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022 | 0.009109 | | | U.S. Treasury Bills | 0.005823 | | | NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE FRN 11-01-54 | 0.003461 | | | WASTE PRO USA INC 3.0% 06-01-32 | 0.003403 | | | BIG RIVER STEEL LLC 4.5% 09-01-49 | 0.003402 | | | UIPA CROSSROADS PUBLIC INFRASTRUCTURE DISTRICT AJL PROJECT AREA 4.375% 06-01-52 | 0.003330 | | | Wisconsin (State of) Public Finance Authority, Series 2023 B, RB | 0.003289 | | | CSCDA COMMUNITY IMPROVEMENT AUTHORITY UNION SOUTH BAY 4.0% 07-01-56 | 0.003044 | | | NEW YORK NY REGD V/R B/E 2.65000000 | 0.003043 | | | HM Metropolitan District No. 2, Series 2021, GO Bonds | 0.002976 | | | EDUCATIONAL GROWTH FUND LLC 5.0% 07-01-56 | 0.002851 | | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.002840 | ✓ | | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A | 0.002824 | | | UNITED AIRLINES INC 4.0% 07-15-41 | 0.002804 | | | Public Energy Auth. of Kentucky Gas Supply Rev. Refg. C | 0.002685 | | | BIG RIVER STEEL LLC 4.75% 09-01-49 | 0.002612 | | | OH BUCGEN 5 06/01/2055 | 0.002557 | ✓ | | Montgomery (County of), MD, Series 2017, GO Bonds | 0.002523 | | | Black Belt Energy Gas District, Series 2025 G | 0.002503 | | | IL CHIEDU 5 12/01/2042 | 0.002494 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.002483 | | | RESTRUCTURED-SER A1 | 0.002461 | ✓ | | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series B | 0.002432 | | | CO CCKFAC 6 12/01/2051 | 0.002422 | | | WA ST HSG FIN COMMN-1 | 0.002328 | ✓ | | State of Hawaii Department of Budget and Finance, The Queen's Health Systems, Series 2025B | 0.002320 | | | CHICAGO IL BRD OF EDU REGD OID B/E 7.00000000 | 0.002299 | ✓ | | NY TRANSPRTN DEV -AMT | 0.002292 | | | TOBACCO SETTLEMENT-B2 | 0.002289 | | | FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2024-ML26 CL A V/R 3.26001000 | 0.002277 | | | PALISADE PARK NORTH METROPOLITAN DISTRICT NO 3 5.5% 12-01-51 | 0.002243 | | | Tender Option Bond Trust Receipts/Certificates | 0.002163 | | | STATE OF HAWAII DEPARTMENT OF BUDGET & FINANCE 4.0% 03-01-37 | 0.002163 | | | LONGS PEAK METROPOLITAN DISTRICT 5.25% 12-01-51 | 0.002163 | | | TOWN OF LITTLE ELM TX SPIRITAS RANCH PUBLIC IMPROVEMENT DISTRICT 5.375% 09-01-51 | 0.002156 | | | AM BIDCO OPERATIONS LLC PIK TL 1ST LIEN 8.5% 10-21-27 | 0.002152 | | | CSCDA Community Improvement Authority, Series 2021 A | 0.002143 | ✓ | | NY TRANS CORP 5% 8/1/2031 AMT | 0.002141 | | | LOUISIANA ST LOCAL GOVT ENVRNM REGD B/E 2.50000000 | 0.002102 | | | BUCKLEY METROPOLITAN DISTRICT NO 2 6.0% 12-01-51 | 0.002098 | | | BROOKLYN EVENTS CENTER LLC 5.0% 07-15-42 | 0.002086 | | | UNITED AIRLINES INC 5.25% 07-15-34 | 0.002070 | | | Rampart Range Metropolitan District No. 5, Series 2021, RB | 0.002065 | ✓ | | New Hampshire (State of) Business Finance Authority (Social Bonds), Series 2022-2A, RB | 0.002050 | | | RIVERSIDE HEALTHCARE ASSOCIATION OBLIGATED GROUP 5.33% 07-01-45 | 0.002031 | | | California Community Housing Agency, Series 2021 A-2 | 0.002009 | | | TX EXXON 12 G=EXXON V1 | 0.001994 | | | LOUDOUN IDA VAR-C-HOW | 0.001980 | | | NY TRANS CORP(LAGUARDIA GATEW) 5.25% 1/1/50@ | 0.001978 | | ## Sources - N-PORT (fund A) — accession `0002071691-25-001599` (as of 2025-07-31) - N-PORT (fund B) — accession `0001193125-26-130883` (as of 2026-01-31) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _