Putnam High Yield M (PHYMX)

Fund Assets	833.92M
Expense Ratio	1.24%
Min. Investment	$500
Turnover	45.00%
Dividend (ttm)	0.31
Dividend Yield	5.81%
Dividend Growth	-24.03%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 28, 2026

Previous Close	5.35
YTD Return	2.60%
1-Year Return	4.97%
5-Year Return	18.01%
52-Week Low	5.23
52-Week High	5.40
Beta (5Y)	0.42
Holdings	560
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.

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

Performance

PHYMX had a total return of 4.97% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.69%.

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	0.99%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 28, 2026	$0.026	Jul 28, 2026
Jun 25, 2026	$0.0227	Jun 25, 2026
May 26, 2026	$0.0262	May 26, 2026
Apr 27, 2026	$0.0257	Apr 27, 2026
Mar 26, 2026	$0.0242	Mar 26, 2026
Feb 24, 2026	$0.0264	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 27, 2026

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