Intro Guide To The Putnam High Yield A Fund (PHIGX)

Putnam High Yield A (PHIGX - MF report) a Zacks Ranked #2 (Buy) seeks high current income. Capital growth is a secondary goal when consistent with achieving high current income. PHIGX invests mainly in bonds that are obligations of U.S. companies, are below investment-grade in quality (junk bonds) and have intermediate to long-term maturities (three years or longer). Under normal circumstances, PHIGX invests at least 80% of its net assets in securities rated below investment grade. PHIGX distributes dividends monthly. Capital gains are distributed annually.

The Putnam High Yield A fund, managed by Putnam Funds, carries an expense ratio of 0.98. 

PHIGX has a history of strong positive total returns for over 10 years.  Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 4.62%, and 5 year 6.64%.  To see how this fund performed compared in its category, please click here.  

PHIGX’s performance, as of the last filing, when compared to funds in its category was in the top 60% in 1 year, top 22% over the past 3 years, and in the 25% over the past 5 years.