Putnam High Yield Fund Class M (PHYMX)
| Fund Assets | 831.92M |
| Expense Ratio | 1.28% |
| Min. Investment | $500 |
| Turnover | 45.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 5.70% |
| Dividend Growth | -21.59% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 27, 2026 |
| Previous Close | 5.32 |
| YTD Return | 0.49% |
| 1-Year Return | 6.56% |
| 5-Year Return | 17.76% |
| 52-Week Low | 5.23 |
| 52-Week High | 5.40 |
| 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 6.56% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.67%.
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% |
Top 10 Holdings
10.10% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash And Equivalents | n/a | 3.51% |
| Kedrion S.p.A. 6.5% | KEDRIM.6.5 09.01.29 144A | 0.82% |
| CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75% | CHTR.4.75 03.01.30 144A | 0.81% |
| R.R. Donnelley & Sons Co. 9.5% | RRD.9.5 08.01.29 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 | 0.72% |
| PHH Escrow Issuer LLC / PHH Corp 9.875% | PHHESC.9.875 11.01.29 144A | 0.69% |
| Davita Inc 6.875% | DVA.6.875 09.01.32 144A | 0.68% |
| Opal Bidco SAS 6.5% | OPALBD.6.5 03.31.32 144A | 0.66% |
| Iqvia Inc 6.25% | IQV.6.25 06.01.32 144A | 0.66% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 27, 2026 | $0.0257 | Apr 27, 2026 |
| Mar 26, 2026 | $0.0242 | Mar 26, 2026 |
| Feb 24, 2026 | $0.0264 | Feb 24, 2026 |
| Jan 27, 2026 | $0.0248 | Jan 27, 2026 |
| Dec 26, 2025 | $0.025 | Dec 26, 2025 |
| Nov 24, 2025 | $0.0275 | Nov 24, 2025 |