Putnam High Yield R (PFJAX)

Fund Assets	833.92M
Expense Ratio	1.24%
Min. Investment	$500
Turnover	45.00%
Dividend (ttm)	0.31
Dividend Yield	5.78%
Dividend Growth	-24.05%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 28, 2026

Previous Close	5.35
YTD Return	2.50%
1-Year Return	5.26%
5-Year Return	17.96%
52-Week Low	5.22
52-Week High	5.40
Beta (5Y)	0.36
Holdings	558
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.

• Fund Family: Franklin Templeton Investments
• Category: High Yield Bond
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PFJAX
• Index: Index is not available on Lipper Database

Performance

PFJAX had a total return of 5.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.95%.

Top 10 Holdings

9.98% of assets

Name	Symbol	Weight
Putnam Fds Tr	n/a	3.38%
Kedrion S.p.A. 6.5%	KEDRIM.6.5 09.01.29 144A	0.83%
CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75%	CHTR.4.75 03.01.30 144A	0.80%
Jane Street Group LLC / JSG Finance Inc. 6.125%	JANEST.6.125 11.01.32 144A	0.76%
Apld Computeco LLC 9.25%	APLD.9.25 12.15.30 144A	0.74%
R.R. Donnelley And Sons Co. 9.5%	RRD.9.5 08.01.29 144A	0.72%
Edged Compute LLC 7.5%	EDGCOM.7.5 04.30.31 144A	0.70%
PHH Escrow Issuer LLC / PHH Corp 9.875%	PHHESC.9.875 11.01.29 144A	0.69%
Rain Carbon Inc 12.25%	RCOLIN.12.25 09.01.29 144A	0.68%
Davita Inc 6.875%	DVA.6.875 09.01.32 144A	0.68%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 28, 2026	$0.026	Jul 28, 2026
Jun 25, 2026	$0.0228	Jun 25, 2026
May 26, 2026	$0.0262	May 26, 2026
Apr 27, 2026	$0.0257	Apr 27, 2026
Mar 26, 2026	$0.0241	Mar 26, 2026
Feb 24, 2026	$0.0263	Feb 24, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 16, 2026

Data Sources Report a data error