PSDYX: Putnam Ultra Short Duration Income Fund - MutualFunds.com

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Deepen your understanding of Responsible Investing.

Enhance retirement outcomes with helpful tactics.

PSDYX - Snapshot

Vitals

  • YTD Return 0.4%
  • 3 Yr Annualized Return 2.1%
  • 5 Yr Annualized Return 1.8%
  • Net Assets $17.4 B
  • Holdings in Top 10 6.0%

52 WEEK LOW AND HIGH

$10.10
$9.81
$10.10

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.30%

SALES FEES

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

BROKERAGE FEES

  • Turnover 53.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Compare PSDYX to Popular U.S. Ultrashort Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$10.04

0.00%

$21.65 B

1.43%

$0.14

0.10%

0.33%

$110.68

0.00%

$19.96 B

0.90%

$1.00

0.20%

0.15%

$9.98

0.00%

$19.30 B

-

$0.08

-0.40%

0.34%

$10.10

0.00%

$17.44 B

1.33%

$0.13

0.40%

0.30%

$10.05

0.00%

$16.42 B

1.54%

$0.15

0.10%

0.34%

PSDYX - Profile

Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 1.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.79%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Putnam Ultra Short Duration Income Fund
  • Fund Family Name
    Putnam
  • Inception Date
    Oct 17, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Salm

Fund Description

The fund invests in a diversified portfolio of fixed income securities comprised of short duration, investment-grade money market and other fixed income securities. It may also invest in U.S. dollar-denominated foreign securities of these types. Under normal circumstances, the effective duration of the fund's portfolio will generally not be greater than one year.


PSDYX - Performance

Return Ranking - Trailing

Period PSDYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -8.4% 1.8% 32.86%
1 Yr 1.7% -7.9% 3.4% 37.09%
3 Yr 2.1%* -1.2% 2.9% 43.46%
5 Yr 1.8%* 0.3% 3.3% 46.34%
10 Yr N/A* 0.0% 2.2% N/A

* Annualized

Return Ranking - Calendar

Period PSDYX Return Category Return Low Category Return High Rank in Category (%)
2019 0.3% -0.3% 2.5% 68.72%
2018 -0.3% -2.5% 0.4% 32.14%
2017 0.1% -1.8% 100.0% 49.34%
2016 0.2% -1.0% 1.3% 73.81%
2015 -0.2% -2.6% 0.0% 17.50%

Total Return Ranking - Trailing

Period PSDYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -8.4% 1.8% 32.38%
1 Yr 1.7% -7.9% 3.4% 34.27%
3 Yr 2.1%* -1.2% 2.9% 41.88%
5 Yr 1.8%* 0.3% 3.3% 45.12%
10 Yr N/A* 0.0% 2.2% N/A

* Annualized

Total Return Ranking - Calendar

Period PSDYX Return Category Return Low Category Return High Rank in Category (%)
2019 0.3% -0.3% 2.5% 69.23%
2018 -0.3% -51.1% 2.0% 40.48%
2017 0.1% -1.8% 2.7% 55.26%
2016 0.2% -1.0% 2.9% 74.60%
2015 -0.2% -2.6% 1.9% 29.17%

NAV & Total Return History


PSDYX - Holdings

Concentration Analysis

PSDYX Category Low Category High PSDYX % Rank
Net Assets 17.4 B 24.8 K 21.7 B 5.96%
Number of Holdings 773 1 1804 9.22%
Net Assets in Top 10 1.04 B -1.5 B 12.2 B 12.44%
Weighting of Top 10 5.96% 0.1% 100.0% 93.52%

Top 10 Holdings

  1. Putnam Fds Tr 2.01%
  2. REALTY INCOME CORP 75611MK11 DCP 10/01/2020 0.54%
  3. REALTY INCOME CORP 75611MK11 DCP 10/01/2020 0.54%
  4. REALTY INCOME CORP 75611MK11 DCP 10/01/2020 0.54%
  5. REALTY INCOME CORP 75611MK11 DCP 10/01/2020 0.54%
  6. REALTY INCOME CORP 75611MK11 DCP 10/01/2020 0.54%
  7. REALTY INCOME CORP 75611MK11 DCP 10/01/2020 0.54%
  8. REALTY INCOME CORP 75611MK11 DCP 10/01/2020 0.54%
  9. REALTY INCOME CORP 75611MK11 DCP 10/01/2020 0.54%
  10. REALTY INCOME CORP 75611MK11 DCP 10/01/2020 0.54%

Asset Allocation

Weighting Return Low Return High PSDYX % Rank
Bonds
54.69% 0.00% 100.00% 81.11%
Cash
37.50% -0.14% 100.00% 21.20%
Convertible Bonds
5.79% 0.00% 13.88% 8.76%
Other
2.01% -9.11% 16.96% 10.60%
Stocks
0.00% 0.00% 20.31% 32.26%
Preferred Stocks
0.00% 0.00% 0.12% 29.49%

Bond Sector Breakdown

Weighting Return Low Return High PSDYX % Rank
Corporate
48.47% 0.00% 99.89% 31.34%
Cash & Equivalents
38.96% 0.00% 100.00% 20.74%
Securitized
12.03% 0.00% 95.67% 66.36%
Government
0.54% 0.00% 100.00% 64.06%
Derivative
0.00% 0.00% 17.05% 34.10%
Municipal
0.00% 0.00% 83.27% 64.52%

Bond Geographic Breakdown

Weighting Return Low Return High PSDYX % Rank
US
39.40% 0.00% 100.00% 74.19%
Non US
15.29% 0.00% 70.15% 40.55%

PSDYX - Expenses

Operational Fees

PSDYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.08% 3.37% 79.90%
Management Fee 0.28% 0.00% 1.19% 56.88%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

PSDYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 3.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

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

PSDYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 53.00% 0.00% 303.00% 31.84%

PSDYX - Distributions

Dividend Yield Analysis

PSDYX Category Low Category High PSDYX % Rank
Dividend Yield 0.00% 0.00% 4.11% 42.20%

Dividend Distribution Analysis

PSDYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

PSDYX Category Low Category High PSDYX % Rank
Net Income Ratio 1.79% -0.20% 3.48% 78.77%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

PSDYX - Fund Manager Analysis

Managers

Michael Salm


Start Date

Tenure

Tenure Rank

Oct 17, 2011

9.05

9.1%

Mr. Salm is a Co-Head of Fixed Income, specializing in liquid markets and securitized strategies. In this role, he oversees investment strategies related to mortgage and securitized products, interest-rate and volatility derivatives, and money markets. In addition, he manages trading operations and Putnam's Fixed Income quantitative teams. He is a portfolio manager of core global, core plus, global government, fixed income global alpha, and dedicated mortgage strategies, as well as fixed income hedge funds. Mr. Salm joined Putnam in 1997 and has been in the investment industry since 1989. Previously at Putnam, he served as a Portfolio Manager responsible for mortgage strategies in fixed income portfolios. Prior to joining Putnam, Mr. Salm was a Mortgage Specialist at BlackRock Financal Management from 1996 to 1997, a Vice President and Trader at Nomura Securities from 1994 to 1996, a Vice President and Structurer at Nikko Securities from 1993 to 1994, and an Analyst at Fitch Investor Services from 1991 to 1992. Mr. Salm earned a B.S. from Cornell University.

Joanne Driscoll


Start Date

Tenure

Tenure Rank

Oct 17, 2011

9.05

9.1%

Ms. Driscoll is a Portfolio Manager of Putnam Funds. Ms. Driscoll is responsible for leading the money market investment process and has accountability for the implementation of the group’s work. She joined Putnam in 1995 as the Money Market Credit Analyst with the Cash Management Group. Ms. Driscoll is a CFA charterholder and has been in the investment industry since 1992.

Emily Shanks


Start Date

Tenure

Tenure Rank

Feb 28, 2017

3.67

3.7%

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.

Michael Lima


Start Date

Tenure

Tenure Rank

Apr 30, 2019

1.51

1.5%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 30.85 5.49 4.72