PARYX: Putnam Short Duration Bond Fund - MutualFunds.com

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PARYX - Snapshot

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return 3.3%
  • 5 Yr Annualized Return 3.1%
  • Net Assets $2.02 B
  • Holdings in Top 10 7.9%

52 WEEK LOW AND HIGH

$10.25
$9.50
$10.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.37%

SALES FEES

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

BROKERAGE FEES

  • Turnover 18.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Compare PARYX to Popular U.S. Short-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$11.00

+0.09%

$67.93 B

2.37%

$0.26

2.52%

0.20%

$82.84

+0.02%

$59.81 B

1.90%

$1.57

2.77%

0.05%

$10.86

0.00%

$59.81 B

-

$0.02

2.74%

0.15%

$4.19

0.00%

$55.37 B

2.99%

$0.13

-0.48%

0.60%

$82.96

-0.04%

$40.61 B

2.43%

$2.01

2.38%

0.05%

PARYX - Profile

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return 3.3%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.01%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 (%)
YTD 0.9% -8.5% 206.3% 77.45%
1 Yr 3.0% -5.2% 7.1% 58.06%
3 Yr 3.3%* -0.7% 4.6% 18.40%
5 Yr 3.1%* -0.8% 5.0% 11.09%
10 Yr 2.0%* 0.2% 4.2% 44.53%

* Annualized

Return Ranking - Calendar

Period PARYX Return Category Return Low Category Return High Rank in Category (%)
2019 1.8% -2.4% 5.0% 54.72%
2018 0.1% -50.6% 1.0% 1.16%
2017 0.9% -1.6% 2.8% 6.77%
2016 -0.3% -65.8% 7.1% 83.04%
2015 -2.1% -75.0% 3.0% 80.95%

Total Return Ranking - Trailing

Period PARYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -8.5% 206.3% 77.28%
1 Yr 3.0% -6.8% 7.1% 48.90%
3 Yr 3.3%* -0.7% 4.6% 17.12%
5 Yr 3.1%* -0.8% 5.0% 10.13%
10 Yr 2.0%* 0.2% 4.2% 42.82%

* Annualized

Total Return Ranking - Calendar

Period PARYX Return Category Return Low Category Return High Rank in Category (%)
2019 2.3% -2.3% 7.2% 29.41%
2018 2.2% -4.2% 6.5% 1.55%
2017 3.5% -1.6% 5.9% 3.38%
2016 2.4% -65.2% 10.7% 11.61%
2015 -0.3% -7.0% 3.5% 15.00%

NAV & Total Return History


PARYX - Holdings

Concentration Analysis

PARYX Category Low Category High PARYX % Rank
Net Assets 2.02 B 4.48 M 67.9 B 36.56%
Number of Holdings 596 3 4826 31.38%
Net Assets in Top 10 160 M -168 M 7.13 B 56.04%
Weighting of Top 10 7.94% 2.4% 100.0% 90.89%

Top 10 Holdings

  1. AT&T Inc 4.12% 1.12%
  2. JPMorgan Chase & Co. 3.88% 0.99%
  3. Bank of America Corporation 4.45% 0.85%
  4. Bank of America Corporation 4.2% 0.84%
  5. Goldman Sachs Group, Inc. 3.62% 0.78%
  6. Upjohn Inc 1.65% 0.73%
  7. AbbVie Inc. 2.6% 0.68%
  8. Federal Home Loan Mortgage Corporation 4.8% 0.67%
  9. Comcast Corporation 3.7% 0.65%
  10. Chevron USA Inc 0.69% 0.62%

Asset Allocation

Weighting Return Low Return High PARYX % Rank
Bonds
79.30% 0.00% 177.64% 93.96%
Cash
18.68% -80.64% 100.00% 4.53%
Convertible Bonds
2.02% 0.00% 32.87% 40.60%
Stocks
0.00% 0.00% 6.71% 37.42%
Preferred Stocks
0.00% 0.00% 51.61% 42.45%
Other
0.00% -2.01% 20.06% 33.89%

Bond Sector Breakdown

Weighting Return Low Return High PARYX % Rank
Corporate
47.69% 0.00% 100.00% 36.41%
Securitized
33.52% 0.00% 90.75% 40.44%
Cash & Equivalents
18.69% 0.00% 100.00% 11.91%
Government
0.10% 0.00% 78.98% 91.11%
Derivative
0.00% 0.00% 27.60% 42.79%
Municipal
0.00% 0.00% 17.16% 67.45%

Bond Geographic Breakdown

Weighting Return Low Return High PARYX % Rank
US
74.45% 0.00% 144.19% 73.32%
Non US
4.85% -22.36% 78.41% 85.91%

PARYX - Expenses

Operational Fees

PARYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.37% 0.01% 34.57% 85.96%
Management Fee 0.37% 0.00% 1.19% 58.26%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

PARYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

PARYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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 Return Low Category Return High Rank in Category (%)
Turnover 18.00% 0.00% 496.37% 7.05%

PARYX - Distributions

Dividend Yield Analysis

PARYX Category Low Category High PARYX % Rank
Dividend Yield 0.00% 0.00% 3.56% 34.89%

Dividend Distribution Analysis

PARYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PARYX Category Low Category High PARYX % Rank
Net Income Ratio 3.01% -9.96% 4.42% 9.69%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

PARYX - Fund Manager Analysis

Managers

D. William Kohli


Start Date

Tenure

Tenure Rank

Dec 23, 2008

11.86

11.9%

Mr. Kohli is CIO. 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


Start Date

Tenure

Tenure Rank

Feb 28, 2017

3.67

3.7%

Brett Kozlowski


Start Date

Tenure

Tenure Rank

Jun 01, 2018

2.42

2.4%

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 Shanks


Start Date

Tenure

Tenure Rank

Jun 01, 2018

2.42

2.4%

Ms. Shanks is a Portfolio Manager in the Fixed Income group, specializing in investment-grade strategies. She joined Putnam in 2012 and has been in the investment industry since 1999. Previously at Putnam, Ms. Shanks was an Analyst in the Global 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. Prior to joining Putnam, Ms. Shanks was a Managing Director, High Yield Research Analyst, at Barclays Capital from 2008 to 2012. Prior to that, Ms. Shanks was a Vice President, High Yield Research Analyst, from 2004 to 2008, and an Associate, Liability Management Group, from 1999 to 2004, at Lehman Brothers. Ms. Shanks earned a B.A. in Mathematics from Williams College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 27.75 5.89 0.83