Putnam High Yield Fund Class M (PHYMX)
| Fund Assets | 863.29M |
| Expense Ratio | 1.28% |
| Min. Investment | $500 |
| Turnover | 45.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 5.51% |
| Dividend Growth | -23.63% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 27, 2026 |
| Previous Close | 5.57 |
| YTD Return | 0.99% |
| 1-Year Return | 7.88% |
| 5-Year Return | 18.44% |
| 52-Week Low | 4.98 |
| 52-Week High | 5.57 |
| Beta (5Y) | n/a |
| Holdings | 548 |
| Inception Date | Dec 1, 1994 |
About PHYMX
Putnam High Yield Fund Class M is an open-end mutual fund focused on generating high current income by investing primarily in higher-yielding, lower-rated corporate bonds, with capital growth as a secondary objective when consistent with income goals. The strategy spans a diversified mix of issuers and industries, emphasizing below-investment-grade credit to capture elevated coupon income while managing credit risk through broad portfolio construction. The fund has a long operating history dating back to 1994 and pays distributions on a monthly schedule, reflecting its income-oriented mandate. It sits within the high yield bond category, where portfolios concentrate on lower-quality debt that typically offers higher yields but carries greater sensitivity to economic and credit conditions. With hundreds of holdings, the fund seeks to balance issuer-specific risk against the structural risks inherent in speculative-grade markets. Key attributes such as minimum investment requirements and an expense ratio reflect its retail-friendly Class M share structure, while performance is commonly evaluated versus high yield category peers and broad corporate credit benchmarks. Overall, the fund serves investors seeking a dedicated allocation to the U.S. high yield corporate bond market for income diversification.
Performance
PHYMX had a total return of 7.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.88%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PHYIX | Class A Shares | 1.03% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 27, 2026 | $0.0248 | Jan 27, 2026 |
| Dec 26, 2025 | $0.025 | Dec 26, 2025 |
| Nov 24, 2025 | $0.0275 | Nov 24, 2025 |
| Oct 28, 2025 | $0.0264 | Oct 28, 2025 |
| Sep 25, 2025 | $0.0276 | Sep 25, 2025 |
| Aug 26, 2025 | $0.0267 | Aug 26, 2025 |