Putnam High Yield M (PHYMX)

Fund Assets	806.03M
Expense Ratio	1.228%
Min. Investment	$500
Turnover	45.00%
Dividend (ttm)	0.31
Dividend Yield	5.91%
Dividend Growth	-26.03%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 25, 2026

Previous Close	5.15
YTD Return	0.19%
1-Year Return	2.05%
5-Year Return	15.07%
52-Week Low	5.15
52-Week High	5.40
Beta (5Y)	0.42
Holdings	559
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, Inc
• 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 2.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.59%.

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%

Top 10 Holdings

9.76% of assets

Name	Symbol	Weight
Putnam Fds Tr	n/a	3.41%
Kedrion S.p.A. 6.5%	KEDRIM.6.5 09.01.29 144A	0.84%
CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75%	CHTR.4.75 03.01.30 144A	0.80%
R.R. Donnelley And Sons Co. 9.5%	RRD.9.5 08.01.29 144A	0.72%
PHH Escrow Issuer LLC / PHH Corp 9.875%	PHHESC.9.875 11.01.29 144A	0.70%
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	0.67%
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%
Connect Finco SARL/Connect US Finco LLC 9%	ISATLN.9 09.15.29 144A	0.62%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 25, 2026	$0.0256	Sep 25, 2026
Aug 26, 2026	$0.0252	Aug 26, 2026
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

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:

Oct 16, 2026

Data Sources Report a data error