Putnam High Yield Fund (PFJAX)
| Fund Assets | 874.16M |
| Expense Ratio | 1.28% |
| Min. Investment | $500 |
| Turnover | 47.00% |
| Dividend (ttm) | 0.42 |
| Dividend Yield | 7.77% |
| Dividend Growth | 35.41% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 28, 2025 |
| Previous Close | 5.35 |
| YTD Return | 3.54% |
| 1-Year Return | 3.68% |
| 5-Year Return | 19.21% |
| 52-Week Low | 5.05 |
| 52-Week High | 5.43 |
| Beta (5Y) | 0.38 |
| Holdings | 559 |
| Inception Date | Mar 30, 2007 |
About PFJAX
Putnam High Yield Fund Class R is an actively managed mutual fund focused on generating high current income, with capital appreciation as a secondary objective when aligned with its income goal. The fund primarily invests in below-investment-grade corporate debt, concentrating on the U.S. high-yield market where bonds are typically rated BB or lower, reflecting higher credit risk in exchange for elevated income potential. Its strategy spans sectors such as communications, consumer cyclicals, energy, and healthcare, using credit research and security selection to build a diversified portfolio of speculative-grade issuers. As a category member of high-yield bond portfolios, it is more sensitive to economic and credit cycles than higher-quality bond strategies, and performance can vary with default trends, interest-rate moves, and liquidity conditions. The fund’s long-term role in the market is to provide income-oriented investors exposure to the credit risk premium embedded in lower-rated bonds, seeking to outperform broad investment-grade benchmarks over full cycles through active management and sector rotation.
Performance
PFJAX had a total return of 3.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.77%.
Top 10 Holdings
10.44% of assets| Name | Symbol | Weight |
|---|---|---|
| Net Cash | n/a | 4.02% |
| Kedrion S.p.A. 6.5% | KEDRIM.6.5 09.01.29 144A | 0.78% |
| Occidental Petroleum Corp. 6.2% | OXY.6.2 03.15.40 | 0.77% |
| CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75% | CHTR.4.75 03.01.30 144A | 0.77% |
| R.R. Donnelley & Sons Co. 9.5% | RRD.9.5 08.01.29 144A | 0.75% |
| Jane Street Group LLC / JSG Finance Inc. 6.125% | JANEST.6.125 11.01.32 144A | 0.72% |
| Grifols S.A. 3.875% | GRFSM.3.875 10.15.28 REGS | 0.70% |
| PHH Escrow Issuer LLC / PHH Corp 9.875% | PHHESC.9.875 11.01.29 144A | 0.67% |
| PRA Group Inc. 8.875% | PRAA.8.875 01.31.30 144A | 0.64% |
| Davita Inc 6.875% | DVA.6.875 09.01.32 144A | 0.64% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 28, 2025 | $0.0263 | Oct 28, 2025 |
| Sep 25, 2025 | $0.0276 | Sep 25, 2025 |
| Aug 26, 2025 | $0.0267 | Aug 26, 2025 |
| Jul 28, 2025 | $0.0262 | Jul 28, 2025 |
| Jun 25, 2025 | $0.026 | Jun 25, 2025 |
| May 27, 2025 | $0.027 | May 27, 2025 |