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PARYX Putnam Short Duration Bond Y

  • Fund
  • PARYX
  • Price as of: Oct 22, 2018
  • $10.05
  • + $0.01
  • + 0.10%
  • Category
  • Total Bond Market

PARYX - Profile

Vitals

  • YTD Return 0.8%
  • 3 Yr Annualized Return 2.6%
  • 5 Yr Annualized Return 1.9%
  • Net Assets $166 M
  • Holdings in Top 10 21.7%

52 WEEK LOW AND HIGH

$10.05
$9.96
$10.21

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.40%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 256.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Short-Term Bond

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 2.6%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.71%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Putnam Short Duration Bond Fund
  • Fund Family Name Putnam
  • Inception Date Dec 23, 2008
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager D. William Kohli

Fund Description

The fund invests in a diversified portfolio of fixed income securities. Its investments may include corporate credit, including investment-grade debt, below-investment-grade debt, bank loans and structured credit; sovereign debt, including obligations of governments in developed and emerging markets; and securitized assets, including asset-backed securities, residential mortgage-backed securities, commercial mortgage-backed securities and collateralized mortgage obligations.

PARYX - Performance

Return Ranking - Trailing

Period PARYX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.8% -36.0% 14.2% 6.11% 1
1 Yr 2.2% -15.5% 21.5% 10.30% 1
3 Yr 2.6% * -6.1% 16.3% 24.11% 2
5 Yr 1.9% * -2.6% 14.8% 49.88% 3
10 Yr N/A * -0.7% 9.7% N/A N/A

* Annualized


Return Ranking - Calendar

Period PARYX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.9% -10.9% 25.1% 35.72% 3
2016 -0.3% -11.1% 192.8% 47.93% 4
2015 -2.1% -33.0% 5.1% 27.36% 3
2014 -0.6% -24.1% 20.8% 46.68% 4
2013 0.3% -13.1% 40.4% 8.70% 1

Total Return Ranking - Trailing

Period PARYX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.8% -100.0% 14.2% 6.01% 1
1 Yr 2.2% -15.5% 21.5% 8.35% 1
3 Yr 2.6% * -7.0% 16.3% 21.67% 2
5 Yr 1.9% * -3.5% 14.8% 44.89% 3
10 Yr N/A * -0.7% 9.7% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period PARYX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.9% -9.5% 25.1% 37.09% 3
2016 -0.3% -11.1% 195.3% 57.98% 5
2015 -0.3% -32.5% 16.5% 20.74% 2
2014 1.0% -9.9% 58.5% 48.20% 3
2013 2.1% -12.9% 58.3% 10.32% 1

NAV & Total Return History

PARYX - Holdings

Filings data as of: Jun 30, 2018

Concentration Analysis

PARYX Category Low Category High PARYX % Rank Quintile
Net Assets 166 M 319 K 200 B 25.33% 4
Number of Holdings 353 1 17403 16.58% 3
Net Assets in Top 10 13.3 M -36 B 52.1 B 28.89% 5
Weighting of Top 10 21.7% 0.0% 1989.1% 21.41% 4

Top 10 Holdings

  1. Federal National Mortgage Association 3.5% 4.82%
  2. Federal National Mortgage Association 3% 4.68%
  3. Government National Mortgage Association 4.5% 2.16%
  4. STATION PL SECURITIZATION TR 2.86% 2.06%
  5. STATION PL SECURITIZATION TR 2.79% 1.49%
  6. Kkr & Co Inc 6.38% 1.48%
  7. Federal National Mortgage Association 4.5% 1.44%
  8. Skandinaviska Enskilda Banken AB (publ) 2.3% 1.13%
  9. Alternative Loan Trust 2.28% 1.10%
  10. Altria Group, Inc. 2.62% 1.33%

Asset Allocation

Weighting Category Low Category High PARYX % Rank Quintile
Bonds
83.30% -175.98% 562.01% 24.31% 5
Cash
16.60% -461.99% 275.92% 5.09% 1
Other
0.11% -18.46% 99.99% 10.43% 3
Stocks
0.00% -2.63% 97.98% 5.54% 3
Preferred Stocks
0.00% -0.41% 22.98% 6.97% 3
Convertible Bonds
0.00% 0.00% 13.10% 8.80% 4

Bond Sector Breakdown

Weighting Category Low Category High PARYX % Rank Quintile
Corporate
42.99% 0.00% 221.70% 11.95% 2
Securitized
40.27% 0.00% 118.59% 9.56% 2
Cash & Equivalents
16.60% -462.00% 275.92% 4.88% 1
Government
0.54% -389.49% 503.27% 30.06% 5
Municipal
0.00% 0.00% 98.80% 12.11% 4
Derivative
-0.52% -126.74% 65.32% 5.95% 5

Bond Geographic Breakdown

Weighting Category Low Category High PARYX % Rank Quintile
US
69.38% -370.09% 500.82% 24.36% 4
Non US
13.92% -171.42% 351.70% 12.31% 2

PARYX - Expenses

Operational Fees

PARYX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.40% 0.00% 44.72% 12.23% 1
Management Fee 0.37% 0.00% 2.15% 3.10% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.63% N/A N/A

Sales Fees

PARYX Fees (% of AUM) Category Low Category High PARYX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

PARYX Fees (% of AUM) Category Low Category High PARYX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PARYX Fees (% of AUM) Category Low Category High PARYX Rank Quintile
Turnover 256.00% 0.00% 1576.00% 5.19% 5

PARYX - Distributions

Dividend Yield Analysis

PARYX Category Low Category High PARYX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.23% 13.39% 2

Dividend Distribution Analysis

PARYX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PARYX Category Low Category High PARYX % Rank Quintile
Net Income Ratio 2.71% -1.56% 7.22% 9.32% 2

Capital Gain Distribution Analysis

PARYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

PARYX - Managers

D. William Kohli

Manager

Start Date

Dec 23, 2008

Tenure

9.78

Tenure Rank

3.2%

Mr. Kohli is CIO, Fixed Income. He is responsible for overall strategy and positioning of Putnam’s fixed income products. In addition, he is a portfolio manager for Putnam's institutional strategies, including the Fixed Income Global Alpha strategies. Mr. Kohli specializes in global rates and currencies and oversees the Portfolio Construction group, which draws on the security-specific expertise of sector specialist teams within Fixed Income. He is also a member of Putnam's Operating Committee. Mr. Kohli joined Putnam in 1994 and has been in the investment industry since 1988.


Albert Chan

Manager

Start Date

Feb 28, 2017

Tenure

1.59

Tenure Rank

9.0%

N/A


Brett Kozlowski

Manager

Start Date

Jun 01, 2018

Tenure

0.33

Tenure Rank

10.0%

Mr. Kozlowski is a Portfolio Manager in the Fixed Income Structured Credit group. He is responsible for developing investment strategies within securitized sectors, including agency mortgage-backed securities (MBS); non-agency residential mortgage-backed securities (RMBS); commercial mortgage-backed securities (CMBS); and asset-backed securities. In addition, he is a Portfolio Manager of Putnam Income Fund and assists in the management of several institutional client portfolios. He joined Putnam in 2008 and has been in the investment industry since 1997. Prior to joining Putnam, Mr. Kozlowski held roles of increasing responsibility at Fidelity Investmentsincluding Portfolio Manager from 2008 to 2006; Research Analyst from 2006 to 2003; Trader from 2001 to 2003; Portfolio Analyst from 2000 to 2001; and Research Associate from 1997 to 2000. He earned a B.S. from Massachusetts Institute of Technology.


Emily E. Shanks

Manager

Start Date

Jun 01, 2018

Tenure

0.33

Tenure Rank

10.0%

Ms. Shanks is a Portfolio Manager in the Fixed Income group, focusing on investment-grade strategies. Previously at Putnam, Ms. Shanks was an Analyst in the Credit Research group, conducting fundamental analysis of high-yield and investment-grade corporate-bond issuers in the retail and services sector, and making buy/sell recommendations. She joined Putnam in 2012 and has been in the investment industry since 1998.


Tenure Analysis

Category Low

0.0

Category High

29.8

Category Average

6.59

Category Mode

3.8