Putnam High Yield Fund (PFJAX)
| Fund Assets | 840.51M |
| Expense Ratio | 1.24% |
| Min. Investment | $0.00 |
| Turnover | 45.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 5.79% |
| Dividend Growth | -23.59% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 25, 2026 |
| Previous Close | 5.34 |
| YTD Return | 2.01% |
| 1-Year Return | 5.66% |
| 5-Year Return | 16.80% |
| 52-Week Low | 5.22 |
| 52-Week High | 5.40 |
| Beta (5Y) | 0.36 |
| Holdings | 558 |
| Inception Date | n/a |
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 5.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.95%.
Top 10 Holdings
10.99% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash And Equivalents | n/a | 4.40% |
| 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% |
| Edged Compute LLC 7.5% | EDGCOM.7.5 04.30.31 144A | 0.72% |
| R.R. Donnelley & Sons Co. 9.5% | RRD.9.5 08.01.29 144A | 0.71% |
| 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 |
|---|---|---|
| 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 |
| Jan 27, 2026 | $0.0249 | Jan 27, 2026 |