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Putnam High Yield A (PHIGX)

8.27 Down 0.01(0.12%) Jul 10

Profile as of Jun 29, 2014Get Profile for:
Putnam High Yield A
One Post Office SqMailstop A-14 Legal DepartmentBoston MA 02109
Map
Phone: 800-225-1581
Fund Overview 
Category:High Yield Bond
Fund Family:Putnam
Net Assets:1.48B
Year-to-Date Return:5.27%
Yield:5.37%
Morningstar Rating:3 stars
Fund Inception Date:Feb 14, 1978
Morningstar Style Box 
High Yield Bond
[View Category Definition]
View Top High Yield Bond Funds
About the Morningstar Style Box
Management Information 
Robert L. Salvin
Lead Manager since May 1, 2005
Mr. Boucher is Portfolio Manager of Putnam High Yield Advantage Fund, Putnam High Yield Trust, Putnam Floating Rate Income Fund, and Putnam Global High Yield Bond Fund. He is responsible for managing the cyclical part of Putnam’s high-yield portfolios. Mr. Boucher joined Putnam as an Analyst covering the automotive, aerospace, and technology sectors. He served as a Portfolio Manager on the U.S. High Yield group before moving to Putnam’s London office to manage European high-yield portfolios. During this time, Mr. Boucher also managed the European allocation of global high-yield portfolios and
Investment Information 
Min Initial Investment:0
Min Initial Investment, IRA:N/A
Min Initial Investment, AIP:N/A
Min Subsequent Investment:N/A
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:N/A
PHIGX can be purchased from 136 brokerages.

Fund Summary 
The investment seeks high current income; capital growth is a secondary goal when consistent with achieving high current income. The fund invests mainly in bonds that are obligations of U.S. companies, are below investment-grade in quality, and have intermediate- to long-term maturities (three years or longer). The advisor may consider, among other things, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments.

Fund Operations 
Last Dividend (Jun 22, 2014) : 0.04
Last Cap Gain : 0.00
Annual Holdings Turnover (Jul 7, 2014) : 51.00%
Average for Category:78.50%
Fees & Expenses 
ExpensePHIGXCategory Avg
Annual Report Expense Ratio (net):1.02%1.09%
Prospectus Net Expense Ratio:1.02%N/A
Prospectus Gross Expense Ratio:1.02%N/A
Max 12b1 Fee:0.25%N/A
Max Front End Sales Load:4.00%4.20%
Max Deferred Sales Load: N/A2.23%
3 Yr Expense Projection*:712540
5 Yr Expense Projection*:941868
10 Yr Expense Projection*:1,5981,778
* Per $10,000 invested