8.15 Up +0.01 +0.12%
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 8.14
Category High Yield Bond
Net Assets 22.44 Mil
Yield 4.99%
Morningstar Risk Above Average
Morningstar Return Average
  • Last NAV update 9/17/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
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.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 13.96% 1.38% 15.44% 7.35% 3.90%
Value ($) 11,395.85 11,552.68 13,335.97 14,316.15 14,874.30
  • Year to date performance as of 9/17/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family Putnam
Fund Manager Paul Scanlon
Tenure (Years) 12
Fund Status Open
Minimum Initial Purchase 0.00
Minimum IRA Investment NA
Front Load 3.25
Expense Ratio 1.27%
PERFORMANCE
Symbol Value ($)
1 Month -0.57%
3 Months -0.86%
1 Year 7.54%
3 Years* 9.61%
5 Years* 9.77%
  • * Annualized returns
  • Performance as of 9/17/2014 12:00 AM ET
PEER COMPARISON
  PHIMX High Yield Bond
5-Yr Return 9.77% 10.08%
Sharpe Ratio 1.49 2.98
Net Assets 22.44 Mil 449.28 Mil
Avg Market Cap 6.65 Bil 12.59 Bil
Avg P/E 17.19 21.00
Portfolio Turnover 51 78
HOLDINGS
Symbol Value ($)
Stocks 3.94%
Cash 5.08%
Fixed Income 88.52%
Other 3.77%
TOP 10 HOLDINGS
NAME % NET ASSETS
Intelsat Luxembourg S A 7.75% 0.57%
First Data 144A 8.25% 0.53%
Hca 6.5% 0.52%
Petrobakken Engy 144A 8.625% 0.51%
Ads Waste Hldgs 8.25% 0.51%
Royal Bank 1 SFR 0.48%
Halcon Res 8.875% 0.48%
Caesars Ent Oper Tlb6 L+519 05.5279 01/28/2018 0.47%
Springleaf Fin 6.9% 0.46%
ArcelorMittal19 SrN 0.46%
DATA PROVIDERS

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