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Putnam High Yield Fund (PHYIX)

5.23 +0.02 (+0.38%)
At close: 8:01 PM EDT

Fund Summary

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. Under normal circumstances, it invests at least 80% of its net assets in securities rated below-investment-grade. The adviser may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments. The fund may also invest in other debt instruments, including loans.

Putnam High Yield Fund

Boston MA 02109
One Post Office Sq Mailstop A 14

Fund Overview

Category High Yield Bond
Fund Family Franklin Templeton Investments
Net Assets 908.21M
YTD Return 1.81%
Yield 5.67%
Morningstar Rating
Inception Date Mar 30, 2007

Fund Operations

Last Dividend 0.10
Last Cap Gain -26.00
Holdings Turnover 39.00%
Average for Category --

Fees & Expenses

Expense PHYIX Category Average
Annual Report Expense Ratio (net) 1.80% 0.95%
Prospectus Net Expense Ratio 1.80% --
Prospectus Gross Expense Ratio 1.80% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.88%
Max Deferred Sales Load -- 1.28%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Robert L. Salvin, Lead Manager since November 30, 2005
Mr. Salvin is a Portfolio Manager of Putnam's global credit strategies. He is responsible for managing convertible securities, U.S. high-yield, global high-yield, and floating rate loan strategies. Mr. Salvin joined Putnam in 2000 and has been in the investment industry since 1986. Prior to joining Putnam, Mr. Salvin was a Managing Director at BancBoston Robertson Stephens from 1997 to 1999, a Director at SBC Warburg Inc. from 1996 to 1997, an Associate at Chase Securities from 1993 to 1996, and an Analyst at Broadview Associates from 1986 to 1991.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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