3 / 5 Stars
4 4 2 2 3
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#55 in High Yield Bond
U.S. News evaluated 174 High Yield Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 7.51 percent over the past year, 7.88 percent over the past three years, 16.07 percent over the past five years, and 8.05 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||2.3%|
|3 Years (Annualized)||7.9%|
|5 Years (Annualized)||16.1%|
|10 Years (Annualized)||8.0%|
The investment seeks high current income, and capital appreciation is a secondary consideration. The fund invests mainly in bonds that are obligations of U.S. companies, are below investment-grade in quality (sometimes referred to as "junk bonds"), and have intermediate- to long-term maturities (three years or longer). The adviser may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments. The fund may also invest in other debt instruments, including loans.
Fees are Above Average compared to funds in the same category.
Putnam High Yield Advantage Fund has an expense ratio of 1.04 percent.
Risk is Average compared to funds in the same category according to Morningstar.